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Master of Science (MSc)


Tuition Fee
32,500 Euro

Application deadline
30 June

Programme Start
24 August

4 Semester | full-time

Our Master in Management programme offers innovative core modules combined with cutting edge concentrations to instill key managerial and business development competencies to prepare digitally savvy analysts, ethical entrepreneurs, innovative managers and global business leaders.

Programme Highlights

Gain in-demand competencies through Frankfurt School’s innovative and practical teaching approach:

  • 3-day study model, allowing part-time employment
  • Practical problem-solving exercises, analysis and application
  • International Alumni network of business leaders and entrepreneurs
  • Partnerships with leading global corporates in finance, tech and consultancy
  • Access to innovation, sustainability and international start-ups
  • Specialise your programme with one of our 5 concentrations

  • First university degree (Bachelor or Diploma) of at least 180 ECTS credits, irrelevant of discipline
  • Excellent written and spoken English (TOEFL - 90 iBT, 577 ITP / IELTS 7.0 or equivalent)
  • 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.

Early Bird
(4,000 Euro discount)*
30 Nov 2019
Early Bird
(2,000 Euro discount)**
31 Mar 2020
Final Application and Scholarship Deadline 30 Jun 2020

*In order to secure the discount you must have received an admission letter by 31 March

**In order to secure the discount you must have received an admission letter by 30 June

Programme Aims

The Master in Management programme aims at providing core managerial competencies and expertise that are most in-demand:

1. Managing international businesses and providing sustainable and innovative solutions;

2. Influencing businesses to transform through digitalization and innovation;

3. Making ethical and entrepreneurial decisions for global impact by achieving the following learning goals:

  •  analyse and evaluate complex management-related problems in business context.
  • communicate effectively in interdisciplinary fields of research and practical business cases.
  • engage in complex management concepts and theories to generate insights by applying scientific methods to improve business and management processes.
  • gain in-depth theoretical and practical knowledge to better understand ethical responsibilities in management and decision-making.

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. 

Where can you meet us?

We also offer several other ways to get in touch with us such as class visits, fairs outside of Frankfurt and personal consultations. Please visit our page to find out more!

GMAT Preparation Course

The GMAT is a challenging exam requiring substantial preparation for optimal performance. This course provides students with all the essential tips and necessary preparation for high performance and excellent exam results. Find out more!


The Master in Management programme curriculum consists of core modules, cutting edge specializations combined with practical exposure through internships and career opportunities, and engagement in company or consultancy projects through Frankfurt School’s global professional network.

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. 

External Lecturer

Prof. Dr. Daniel Beimborn

Leadership & Organisational Behaviour

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

Evidence Based & Responsible Management

The course focuses on the design and implementation of high-quality empirical studies in the areas of management. It will serve as a methodological tool kit for your Master thesis and increase your scientific decision making in management and consulting practice.

Concentration Modules

Each student will choose one of five 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. 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 during the third semester and students must choose 2 elective modules to start in their last semester.

You can find the entire list of electives that we offer for 2020 here.

Study Abroad Option

All Master in Management students can go abroad during the fourth semester. They 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. Two supervisors advise each student in approaching and implementing their research and also asses their thesis once completed.


Our Master in Management concentrations are designed to provide specialised knowledge and skills focused on specific areas of digital transformation, customer insights, business analytics, strategy and organisations, and technology and operations. In addition, through these concentrations and company projects you have an opportunity to visit established corporations and start-ups.

FT Ranking 2019

The Master in Management was ranked top 5 in Germany and #4 for salary in the Financial Times Global Master in Management 2019 Ranking. We also placed #36 worldwide and #3 for careers.

Study Abroad

Frankfurt School partners with 80 universities worldwide that are primarily focused on business and management and giving our students the opportunity to gain comparative view points, diverse cultural and study environments and to widen their international network. This gives you the chance to immerse yourself in a new environment that prepares you for a global career.

Study Models

Regular: 4-Semester Track (3-day Model)

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 electives are organised as blocked week events.

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 & International Exposure

Practical Learning

Our Master in Management programme curriculum combines theories and concepts with real world case studies, class discussions and shared experiences of practitioners and international experts invited from wide range of industries.

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, industry veterans, and successful alumni regularly on campus.

Every year the CIO of Deutsche Bahn gives a lecture on digitalization as part of the Information Systems course.

Case Studies

You will benefit from our exclusive case study learning opportunities through lectures and seminars. This allows students to work on real-life case studies preparing them for the realities of the working world.

Past companies who have presented case studies were PWC, McKinsey, Nestlé, and P&G.

Connect with International Universities

The Master in Management students have the opportunity to visit other European universities and connect with the local students.

For one week the students travel to Madrid and attend lectures at IE Business School on Blockchain, Big Data and how these technologies are influencing companies. All courses will be taught by faculty from IE, which gives the students the opportunity to broaden their academic network.

Have a look at Santiago's blogpost on his experience at last year's IE exchange.

Apart from Spain we also offer the opportunity to spend a week in Milan by attending one of the electives in the fourth semester at Bocconi University. The elective not only includes courses at the university but students also visit renowned companies in the area.

International Visits

In the second semester students travel to Brussels for a three-day trip as part of the Leadership and Organizational Behavior module.

The purpose of the trip is to explore the role of misinformation and communication in leadership by participating in an interactive workshop on leadership.

Students visit also the European Commission to learn from EU officials how misinformation ('fake news') influences the European Union both politically and economically as well as how the European Commission tackles this issue.

Employment Statistics - Class of 2018

Starting Salary after Graduation*

Average Salary 56,500 Euro
Average Reported Bonus   7,400 Euro

* excluding trainees and interns

Where do our graduates work?

Our Master in Management alumni have secured jobs in a variety of companies and industries since graduating. Take a look at some of their career paths.

List of employers

4C Group ING Diba
Accenture JP Morgan
Axel Springer Karabin
Clifford Chance KPMG
Commerz Business Consulting Mazaars
Commerzbank P&G
Continental Teves  Porsche
Deloitte Reckitt Benkiser
Deutsche Bank Roland Berger
Deutsche Börse Senacor IT Consulting
Deutsche Bundesbank Soapland 
DZ Bank Société Générale CIB
Horvath & Partners TwentyFour Asset Management
HQ Trust UBS
IBM UBS Europe SE Wealth Management
Ikano Bank Vodafone Global Enterprise
Immoveo Group

Employment by Industry

Consulting 31%
Corporate/Retail Banking 32%
Financial Services 8%
Automotive 8%
Digital Services 5%
Other 11%

Employment by Function

Consulting / Project Management 35%
Finance/Controlling 11%
Business Development 9%
IT Management 6%
Investment Management 6%
Financial Services 8%
Sales 8%
Marketing 5%
Other 12%

Time until Employment

Before graduation 35%
Remained with current employer 23%
0 - 3 months 20%
4 - 6 months 6%
Internship 3%
Further Education 2%

Career Services & Professional Network

Our exclusive corporate connections and strong Alumni network allow you to build a professional network crucial for developing your international career. Our Careers Services team will support you with individual consultations on career development that are based on your interest and career goals. 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 85
Nationalities 19
Average age 24 


Female 43%
Male 57%

Origin of Students

Germany 50%
Asia 29%
Europe excl. Germany 13%
Americas 7%
Africa & Middle East 1%

Educational Background

Business Administration 34%
Other 16%
Economics 15%
International Business & Management 12%
Engineering 15%
Finance 8%

#FSMaster on Social Media

Student Life

Frankfurt School takes pride in its international student community. Many of our aspiring and inspiring individuals lead important initiatives such as fundraising for environmental causes or for tech and innovation start-ups as well as engaging in consultancy competitions, sports and wellbeing activities.

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 - 90 iBT, 577 ITP / IELTS 7.0 or equivalent)
  • Official GMAT score report, GRE score report or FS Admissions Test (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.

Deadlines & Discounts

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 within their online application.

Early Bird
(4,000 Euro discount)*
30 Nov 2019
Early Bird
(2,000 Euro discount)*
31 Mar 2020
Final Application and Scholarship Deadline 30 Jun 2020
Start of programme 24 Aug 2020

*You must have recieved an admission letter by 31 March and 30 June respectively

2. Assessment Centre and/or Interview

Successful applicants will be invited to an Assessment Centre and Frankfurt School Admission Test, if applicable. The interview will be held either at Frankfurt School, or over the skype call 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.

Mehr Weniger

Assessment Centre Dates 2019/2020 in Frankfurt:

  • 27 November 2019
  • 25 January 2020 (with Alumni of the Master programmes)
  • 26 February 2020
  • 25 March 2020
  • 22 April 2020
  • 9 May 2020 (with Alumni of the Master programmes)
  • 27 May 2020

More dates to follow

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.

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 24th 2020. 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 for FS Bachelor Students

Important dates (relevant for FS Bachelor students)
  • Application start date: 11 May 2020
  • Super Early bird deadline (4,000 € discount): 31 May 2020
  • Early bird deadline (2,000 € discount): 30 September 2020
  • Final deadline: 30 November 2020
  • Programme start: 25 January 2021

The application portal will open on 11 May 2020. The links will be provided via e-mail. Please contact us for more information and if you have any questions about the process.

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

Deposit: To reserve your place in the programme, you will need to submit a deposit payment of EUR 3,000. This will be subtracted from the total tuition fee. You will receive instructions for submitting your deposit payment after you have sent us your signed contract of study. 

* The registration fee is due after you have signed your study contract. It is not an application fee.


Get more information

Where can you meet us?

We offer several ways to get in touch with us such as class visits, fairs outside of Frankfurt and personal consultations. Please visit our page to find out more!