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Master of Science (MSc)


Tuition Fee
32,500 Euro

Application deadline
30 June

Programme Start
26 August

4 Semester | full-time

Programme Highlights
  • Curriculum that combines academic expertise with practical relevance
  • Six concentrations: Digital Business, International Business, Technology & Operations, Marketing, Strategy & Organisation, Business Analytics
  • Flexible programme structure allowing part-time employment with our 3-day Model
  • International opportunities
  • Extensive network of cooperating companies and universities worldwide
  • Study, network and experience Life in Frankfurt

  • A first academic degree of at least 180 ECTS, irrelevant of discipline 
  • Excellent written and spoken English (TOEFL - 90 iBT / IELTS 7.0 or equivalent) or TOEFl ITP (minimum score of 577)
  • Valid GMAT / GRE score or Frankfurt School Admission Test
  • Successful admissions interview

Deadlines & Discounts

We encourage you to complete your application as soon as possible as there are financial advantages for candidates who submit a complete application early:

30 November  4,000 Euro early-bird tuition discount
31 March 2,000 Euro early-bird tuition discount
30 June Final Application and Scholarship deadline

Aims and objectives

Upon completion of the programme graduates will be able to:

  • apply management knowledge to business problems
  • apply quantitative and analytical skills in diverse business environments
  • identify and evaluate process analyses related to business decisions
  • formulate and implement effective processes and develop best-practices
  • lead diverse project groups
  • demonstrate a deep understanding of strategy and processes in banking or manufacturing.

Master Info Evening

Learn more about our Master programmes at one of our Master's Info Evenings! Benefit from personal conversations with our students and programme directors and find out which programme could help you excel in your career. 

GMAT Preparation Course

The GMAT is a challenging exam requiring substantial preparation for optimal performance. This one and a half day course provides students with all the essential tips and necessary preparation for high performance and excellent exam results. 


Students learn core management disciplines while tailoring the programme to their needs through a choice of six concentrations: marketing, strategy & organisation, technology & operations, business analytics, digital business or international business.


Applicants without a first degree in business or economics may be required to complete additional free of charge prep-courses in accounting, economics, finance, management and statistics to obtain the necessary knowledge required for the programme prior to the start date.

Semester 1

Business Economics

The module offers an introduction into essential analytical approaches and topics of economics, straddling the different disciplines of microeconomics and macroeconomics. The course puts emphasis on the economic theory of behaviour, enriched by recent insights of behavioural economics, and relates this with the performance of markets and firms.


You will look into the way that asset markets operate and the fundamental tools of asset valuation. This module also covers corporate finance and you will acquire analytical tools for financial decision making and valuation. Students learn the theoretical concepts underlying modern corporate finance and asset markets.



This module will introduce you to the principles of financial and managerial accounting. The main topics are: details and interconnections between the balance sheet, income statement/ P&L statement and cash flow statement based on International Accounting Standards (IAS) / International Financial Reporting Standards (IFRS). You will also explore relevant sections of management accounting including cost accounting, planning, control and performance management.


Business Statistics

The module introduces you to general statistical principles, which can be applied to all areas of economics and finance. The combination of theoretical knowledge and analytic skills gained in this module enables you to critically evaluate business and financial proposals when dealing with clients, donors, partners or financiers. On completion of this module, you will be able to analyse statistics from both scientific publications and practical articles. 


Marketing is the art and science of choosing target markets and getting, keeping, and growing customers through creating, delivering, and communicating superior customer value. This module provides an overview of marketing processes and principles, and provides students with the opportunity to apply the key concepts to practical business situations.

Semester 2

Strategic Management

Strategy is about why some firms are successful and others are not. The course develops an understanding of how firms can design processes in markets and organisiations to achieve competitive advantages. Besides an overview of how market processes affect firm profitability you will also discuss how the design of firm boundaries influences this and how organisational processes contribute to competitive advantages. 


Operations Management

Matching demand and supply is a key driver of firms’ competitive advantage, but is difficult because demand in most markets can vary, while supply is inflexible. With an emphasis on better managing demand-supply mismatches, this course provides a set of concepts and tools to design, analyse, and improve the complex processes that underlie the creation and delivery of both products (e.g., cars) and services (e.g., car sharing platforms).


Information Systems

This modules aims to establish the foundations required to manage information systems in a business environment. Based on knowledge about different types of information technology and information systems, future managers will be able to evaluate potentials of IT from a strategic and business oriented perspective. 



This module teaches our students to boost the performance of any organisation by providing them with key ideas and models of human resources management. Working in small teams enables our students to put theory into practice when identifying and solving problems. You will explore strategies that are associated with building, developing and motivating workforce, whilst developing theories to improve employment relationships for all parties involved. 


Innovation Management

In most industries, good R&D performance is critical to generate and sustain a lasting market success, and at the heart of every R&D process is a firm’s innovation management. Starting with the generation of possible innovation opportunities, and continuing with the selection of the most promising ideas and the transformation of these ideas into final products, innovation management has to deal with a set of utterly diverse challenges. For instance, should innovation be incremental or radical; or what are the benefits and costs of open innovation? This course sets out to discuss the key challenges that are inherent to innovation and product development processes. To this end, the course also introduces students to business model innovations and the impact of new technologies on existing R&D strategies.

Semester 3

International Business Ethics

You will learn about the contemporary challenges of an international business environment such as corporate social responsibility, sustainability, ethical business and governance. Necessary in an ever globalising business world, a strong focus will lie on diversity and inclusion. 

Concentration Modules

Each student will choose one of six concentrations (see below) to focus on during their studies. Each concentration has a set curriculum of core modules to be completed.

Semester 4

Electives 1 & 2

A range of electives including Project Management, Industry Practice and Supply Chain Strategy and Financial Performance allow you to tailor your Master in Management through a diverse and distinctive structure of time formats and block weeks. Electives are taught not only by in-house faculty, but also by leading international practitioners, providing you with the tools to meet your personal aspirations. Elective options are published at the end of third semester and students must choose 2 elective modules to start in their last semester.

Here you can find the entire list of electives that we offer for the upcoming 2019 summer semester.

Study Abroad Option

International Business concentration students are have the option to go abroad in the third semester, whilst all other students can go abroad during the fourth semester. You have the option to study at one of our international partner universities and use the credits gained during the semester abroad to replace the electives.   

Master's Thesis

You are required to conduct independent research in order to complete their Master’s thesis. The thesis period usually lasts for three months and takes place during the 4th semester. In preparation for their Master’s thesis students participate in a workshop, introducing them to both qualitative and quantitative research methods. Two supervisors advise each student in approaching and implementing their research and also asses their thesis once completed.


FT Ranking 2018

The Master in Management was ranked top 3 in Germany and #28 worldwide in the Financial Times Master in Management 2018 Ranking. We placed #3 for careers and #9 for salary. 

Study Abroad

Go abroad, meet new people, experience a new culture, and broaden your perspective.
Complete the 4th semester at one of our 80 partner universities worldwide or set up a self-organised semester abroad at a non-partner university.

Be fully immersed into a new environment & prepare yourself for the globalised business world.

Study Models

4-Semester Track
3-day Model Overview

3-day Model Overview

The Master in Management follows a unique time model that permits you to work part-time whilst pursuing your full-time Master’s degree. We call this the 3-Day Model.

Students typically attend classes three days a week, on Thursdays, Fridays and Saturdays. This leaves three working days for self-study, language courses or part-time employment. Some lectures or excursions are organised as blocked week events.

Mehr Weniger

*1st semester modules may be waived based on prior academic study and subject to approval by the progamme director.

*1st semester modules may be waived based on prior academic study and subject to approval by the progamme director.

3-Semester Track

Applicants with a business related degree may be eligible to complete the programme in 3 semesters and start in the summer term. Please contact us for more information.

Learning Experience

Practical Learning

Our Master in Management programme is based on a mixture of theoretical learning, supported by and reinforced with case studies and group work, following the Harvard model of teaching.

Guest Lectures and Talks

Frankfurt School’s close ties to the consulting and finance industry are evident in the guest lecture opportunities. Students can network with innovators and industry veterans regularly from their own university.

Case Studies

You will prosper from our exclusive case study learning opportunities through lectures and seminars that are run by companies such as Dr. Oetker and P&G. This allows students work on real-life case studies preparing you for the realities of the working world. 

Field Trips

You will gain on-site experience through our regular field trips providing you with exclsuive insights to companies including Lufthansa Cargo, John Deere and Opel. You have the opportunity to personally ask questions and recieve advice from experienced professionals. 

John Deere Visit
Opel Visit

German Classes

The Master in Management is taught entirely in English. However, German classes are provided for all non-German speaking students throughout the duration of the programme. We strongly encourage our students to learn German before they arrive in Frankfurt in order to improve their employment opportunities.

Competition & Success

Frankfurt School encourages students to participate in various challenges and competitions throughout the year, giving selected students the opportunity to prove themselves and compete against others from top universities worldwide.

Business Games

"Business Games combine theory, creativity and social skills. I have learned how to structure a completely new team under time pressure to perform at its best."
Ulrich Wiebach, Class of 2017

HEC Business Game

Solvay Business Game

Why did our students choose FS?

FS Master's on Social Media

Student Life

Join our community of aspiring and inspiring individuals and get involved at FS by joining a student initiative, participating in a sport or business competition, by serving on our Student Council, or by creating your own event or initiative.

Employment Statistics - Class of 2017

Starting Salary after Graduation*

Average Salary 58,577 Euro
Average Reported Bonus   6,213 Euro

* excluding trainees and interns

Where do our graduates work?

List of employers

Accenture GHK Management Consulting 
Andersch AG Helaba Invest
Aquila Capital HSBC
Bayer AG Infosys Consulting
BearingPoint JLL
BMW Financial Services KFW Bankengruppe
Capgemini  Porsche Consulting
Commerzbank PWC
Continental AG Roche Diagnostics
Deloitte Ritzenhoefer & Company
Deloitte Digital Sprehe Unternehmensgruppe
Deutsche Bahn Tata Consultancy Services
Deutsche Bank  Thyssen-Krupp
e&co. UBS AG
Ebner Stolz Unternehmensberatung Volkswagen Group Italia

Employment by Industry

Consulting 35%
Financial Services 23%
Digital Services 10%
Healthcare/Pharmaceuticals 8%
Education 8%
Automotive 5%
Transportation & Logistics 3%
Other 8%

Employment by Function

Consulting / Project Management 21%
Business Development 21%
IT Management 13%
Investment Management 12%
Controlling / Auditing 8%
Data Science 4%
Corporate Communications 4%
Marketing 4%
Other 13%

Time until Employment

Remained with current employer 23%
Before graduation 23%
0 - 3 months 19%
4 - 6 months 10%
Further Education 6%
Internship 2%

Career Services & Your FS Network

Our exclusive corporate connections allow you to build a strong netowork for your career. Our Careers Services team are readily available to provide you with individual consultations on careers within business and management. This along with our regular guest lectures and company visits, plus the opportunity to work part-time throughout your full-time studies, leaves you in the spotlight for employment after graduation. 

Class Profile


Number of students 86
Nationalities 15
Average age 24 


Female 48%
Male 52%

Origin of Students

Germany 62%
Asia 19%
Europe excl. Germany 14%
Americas 4%
Africa & Middle East 1%

Educational Background

Business Administration 40%
Other 21%
Economics 19%
International Business & Management 12%
Engineering 4%
Finance 4%

Application Process

1. Online Application

The first step in applying for our programme is the completion of our online application, which includes uploading the following required documents in support of your application:

Required Documents

  • Certified copy of your undergraduate transcript of records and degree award certificate
  • Certified copy of your TOEFL / IELTS results or equivalent (TOEFL IBT minimum score of 90 / IELTS minimum score of 7,0) or TOEFL ITP (minimum score of 577)
  • FS Admissions Test, GMAT score report or GRE score report (no possibility of waiver)
  • CV or resume (must be in English)
  • Other documentation supporting professional experience or other extracurricular activities, if applicable

Each of the documents listed above are required for completing your application. However, you do not need to upload them all at once.

Winter Semester Start

The final deadline for applications is June 30th.

Applications are considered on a rolling basis, therefore we encourage you to apply as early as possible. Applications received before the end of November and March will benefit from our early bird discounts of 4000 EUR and 2000 EUR respectively.  Applicants interested in a scholarship must complete the relevant section in our online application and submit it by the end of June.

30th November Deadline for early-bird discount of 4000 EUR
31st March Deadline for early-bird discount of 2000 EUR
30th June Final deadline for all applications.
30th June Final deadline to be considered for FS Scholarships.
September Start of programme

2. Assessment Centre and/or Interview

Successful applicants will be invited to an Assessment Centre and Frankfurt School Admission Test, if applicable. 

Mehr Weniger

After reviewing your application documents, we will invite qualified candidates to participate in a personal interview with a faculty member of Frankfurt School of Finance and Management. The interview will be held either at Frankfurt School, or over the phone for students that are not able to make an in-person interview. The purpose of the interview is to gain a better understanding of your character, personality, expectations, motivations and goals.

Assessment Center Dates 2018 in Frankfurt:

  • 19 January
  • 27 February                                 
  • 20 March
  • 17 April
  • 4 May
  • 29 May
  • 18 June
  • 20 July
  • 1 August

3. Results

The final decision regarding your Master in Management admission will be based on a combination of undergraduate grades, English language abilities, admission test results, and the interview performance.

Mehr Weniger

We also take into account other significant experiences, commitments or awards such as internships, international experiences, and volunteer projects.

4. Programme Start

The Master in Management programme begins on August 27th 2018. All students are expected to be at Frankfurt School on this day. For non-EU applicants who require a visa to enter Germany, please keep in mind that it can take up to two or three months to obtain the necessary visa.

Information Events

Would you like to get first-hand experience of what the Master in Management is really like? Meet the Programme Director, talk with current students, take part in a classroom lecture, or tour our campus. It's all possible through individually scheduled sample lectures and our regular Master Evenings.

Master's Info Evenings

Learn more about our Master's programmes at one of our Master's Info Evenings! Benefit from personal conversations with our students and programme directors and find out which programme could help you excel in your career. 

Sample Lectures

Visit a class this semester to discuss a case study with academic staff and current Master students. This is your chance to experience typical classroom subjects, teaching techniques, and learning methods.

Feel free to contact our team to arrange a campus visit, including a guided tour of the campus.

Financing & Scholarships

Investing in your future

Your degree is an investment in your professional future. As a business school of international standing, not only do we offer you ideal conditions for earning a degree – we also offer you excellent career prospects.

And since we can guarantee the quality of our teaching and research, we also expect the highest levels of commitment and motivation from our students.

Study Fee

Registration fee:100 Euro
Semester fee:8,100 Euro
Total price:32,500 Euro


Klaus-Peter Müller Scholarship

The Klaus-Peter Müller Scholarship is offered to students with an outstanding profile who have performed remarkably during their previous studies, and are now planning to join a Master or MBA full-time programme at Frankfurt School. 

Click here to find out more!

2017 KPM scholarship holders

Ecmel Hamarat

Master of Finance

From: Frankfurt am Main (Hessen)

Bachelor Degree: BSc Economics and Business Administration

Matthias Schmitt

Master in Management

From: Bühl (Baden-Württenberg)

Bachelor Degree: BSc International Finance

Nikolai Schütze

Master of Finance

From: Siegen (North Rhine-Westphalia)

Bachelor Degree: BA Business Administration

Markus Losse

Master of Finance

From: Diez an der Lahn (Rhineland-Palatinate)

Bachelor Degree: BSc Insurance and Finance