Our Master in Management programme offers innovative core modules combined with cutting edge concentrations to instil key managerial and business development competencies, to prepare digitally savvy analysts, ethical entrepreneurs, innovative managers and global business leaders.
Gain in-demand competencies through Frankfurt School’s innovative and practical teaching approach:
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.
(EUR 4,000 discount)*
|30 Nov 2021|
(EUR 2,000 discount)**
|31 Mar 2022|
|Final Application and Scholarship Deadline||30 Jun 2022|
*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
Graduates will have an in-depth knowledge and a critical understanding of management theories, concepts, processes and international best practices. They will be able to analyse, structure and evaluate complex management-related problems in business contexts.
Graduates will critically engage with complex management concepts, theories and sources to generate insights by applying scientific methods to improve processes related to business. They will extract research objectives, apply research methods, describe results and explain outcomes.
Graduates will be effective communicators in interdisciplinary fields of research and practical business contexts. They will be responsible team members and reach common goals by effectively cooperating in a team. They will recognise potential conflicts in cooperation with others and reflect on them in the context of situation-overlapping conditions.
Graduates will be prepared to be competent professionals in international business environments and research institutions. They will base their professional activities on in-depth theoretical and methodological knowledge and will have an understanding of ethical responsibility in management and decision-making processes.
Learn more about our Master programmes at one of our Master Info Evenings and find out which programme could help you excel in your career.
You may also come and explore our campus and speak to representatives from our master's programmes face-to-face, at one of our Open Campus Nights.
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!
The Master in Management was ranked top 5 in Germany and #10 for salary in the Financial Times Global Master in Management 2021 Ranking. We were also placed #29 worldwide and #6 for careers.
Frankfurt School is one of the best European Business Schools. Accredited by AACSB, EQUIS and AMBA, the three leading international associations of business schools, Frankfurt School is one of the few institutions worldwide, which has been awarded the so-called "Triple Crown".
The Master in Management programme curriculum consists of core modules, cutting edge specialisations combined with practical exposure through internships, career opportunities and engagement in company or consultancy projects thanks to Frankfurt School’s global professional network.
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's thesis and increase your scientific decision making in management and consulting practice.
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 gives an overview of marketing processes and principles and providing students with the opportunity to apply these key concepts to practical business situations.
Managerial Data Science
In today’s rapidly moving business environment, firms are increasingly looking for data-driven decision makers who combine their industry expertise with solid analytics skills to devise and implement successful business strategies. This module equips students with the necessary statistical foundation to base important managerial decisions on an informed assessment of data instead of mere intuition. In particular, the module introduces students to key concepts of both descriptive and inferential statistics as well as machine learning and provides a hands-on learning experience for their application in practice.
Financial Analysis and Performance Management
This module will explore the role of accounting for external communication (financial accounting) and internal decision making (managerial accounting). The module is designed to provide an integrative view of financial and managerial accounting. The main topics are: Measurement of corporate performance (Income Statement, Balance Sheet, and Cash Flow Statement), analysing organisational and divisional performance (Financial Analysis, Division, Product, and Customer Profitability Analysis, and Variance Analysis), designing accounting systems for performance measurement, and the role of corporate governance and managerial incentives in accounting choices.
Assistant Prof. Dr. Hari Ramasubramanian
Matching demand and supply is a key driver of firms’ competitive advantage, but it 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).
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 a firm's profitability, you will also discuss how the design of firm boundaries influences this and how organisational processes contribute to competitive advantages.
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 a workforce, whilst developing theories to improve employment relationships for all parties involved.
Innovation Management & New Product Development
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, continuing with the selection of the most promising ideas and concluding with 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 and 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.
Choose One Concentration
Each student will choose one of four concentrations to focus on during their studies. Each concentration has a set curriculum of core modules to be completed.
People, Management & Organisations
Digital Business, Technology & Operations
Data & Business Analytics
Corporate Finance and Governance
The Corporate Finance and Governance course focuses on corporate governance, corporate investment decisions, corporate financing, and payout policy. Students will act in a position of corporate decision makers applying analytical methods in real-life case studies. The course enables students to design corporate governance structures, make educated investment and financial decisions, and evaluate corporate financial decisions.
Managerial Decision Making
This course focuses on the process of decision making. In contrast to the economic model which assumes that human nature is determined by perfect rationality, this course highlights the irrationality of human decision making. We show that irrational decision making is not random or senseless, but systematic and predictable. The goal of the course is to explain how information processing, expectations, emotions, social norms and other invisible, seemingly illogical forces skew our reasoning abilities. Understanding irrationality is important to better understand the actions and decisions of consumers, managers and policy makers.
This module 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 the potentials of IT from a strategic perspective. Further, they will be able to reflect on and contribute to designing a firm’s IT strategy, IT governance and IT architecture.
Prof. Dr. Daniel Beimborn
Optimisation & Decision Models
The module provides students with a sound foundation in the application of the many tools and techniques of management science. Students are expected to learn the tools and the applications of modelling, optimisation, computing and programming in solving practical problems drawn from different functional areas (operations, finance, marketing, and human resources, etc.) in different organisations.
This course focuses on how firms can maximise value by building and evaluating their operating systems. More specifically, the course provides rigorous answers to the question of how firms should tailor their operational competencies, assets, and processes to a specific business strategy. The topics include the historical sources of operations strategy, its links to other strategic decisions, process designs, global networks, strategic procurement, the integration of new technologies, environmental considerations and demand management, as well as the question of how to manage the implementation of a new strategic initiative.
Power, Politics, and Social Networks
The world runs on social relationships and social networks. Relationships are essential for getting work done, as well as to the way leaders engage in leading and leadership. Effective leaders and followers in any position use relationships to manage up, down and sideways. Work is accomplished through formal and informal relationships – social networks – and participants can be more effective if they understand the strength and weakness of their social relations. In any job it is important to build power and manage relationships with both peers and superiors. The question is, how do you do it? In this course, we provide the answers by using a social network perspective.
Digital Operations & Industry 4.0
Industry 4.0 is predicated on the idea that the real-time connection of physical and digital systems will affect every corner of modern organisations’ value creation process, through the emergence and convergence of new technologies such as additive manufacturing (AM), the internet of things (IoT), blockchain, artificial intelligence (AI), augmented reality (AR) and others. This module includes hands-on workshops to provide a common technology foundation, as well as case studies and business simulations to understand how Industry 4.0 changes the way work is done in various manufacturing and service settings and how it will fundamentally alter traditional trade-offs among the competitive priorities of cost, flexibility, speed and quality.
Business Simulation & Algorithms
This module introduces computer simulation as a powerful (yet intuitive) method for modelling complex business environments, analysing their behaviour, and predicting the effects of managerial strategies. Students will learn how to develop representative models, analyse and provide data to adequately parameterise and validate their models, conduct sensitivity analyses, and interpret and communicate results. Students will acquire the knowledge and tools to conduct simulation-based projects in managerial practice.
Internship or Skills Development Courses
During summer, Frankfurt School students can do internships, not only to gain practical experience but also to apply and use some of the new analytical tools and knowledge gained through the core and concentration modules. The internship can be evaluated to waive 6 ECTS if relevant to the field of study or concentration the student is specialising in, provided the objective is achieved. Instead of an internship, students can also take skills development courses or attend summer schools pre-approved by the Programme Management.
Corporate Strategy and Scaling
This course covers aspects of firms growth and how business models can be scaled. It focuses specifically on the differences between traditional growth models and growths achievable through digital business models, platform and so-called zero marginal costs business models. It provides a unique blend of economic theory and practice, applying elements of recent theoretical advances to study the impact of novel digital technologies and new business model designs on strategic analysis.
The purpose of this course is to introduce you to the field of persuasion and give you hands-on experience to understand how persuasion “works”. We will discuss theories related to attitudes, persuasion and social influence, to illuminate the underlying behavioural and psychological constructs. You will learn the key behavioural and psychological concepts and develop the intellectual ability to apply them in situations where you need to persuade both businesses and individuals. As a related outcome of this course, you will also develop negotiation skills.
Based on setting a common understanding about the concept of digital innovation and about selected digital technologies, this module is centered around the specifics of digital innovation discovery, implementation, and exploitation. The academic content of the course will be complemented by various workshops from corporate partners, a digital innovation challenge and a hands-on IoT group project. Rounding it off, discussions about ethical aspects will sensitise students for the difficulties and dilemmas related to digital innovation.
Prof. Dr. Daniel Beimborn
Machine Learning for Big Data
This module is a hands-on introduction to state-of-the-art data analytics and machine learning methods. The course covers both supervised learning algorithms (used to make accurate predictions about the future from current data) and unsupervised learning (used to discover unknown structures in given data). Students will learn how to understand and to use those algorithms in different business contexts, and how to obtain managerially relevant insights from their analyses.
The course covers probabilistic and behavioural aspects that underpin resource-allocation strategies. It focuses on how firms can apply strategic foresight to anticipate competitive market dynamics and how such analyses should affect resource allocation strategies. The course also discusses managerial heuristics that can be applied in highly uncertain environments in which traditional forecast approaches are limited.
This course focuses on designing inclusive workplaces that provide employees and customers with equal opportunity. How a culture of respect, involvement and success can be created for all employees is the core focus. In today’s marketplace, there is a growing demand for inclusion. Brands have lost equity due to unintentionally disrespecting diversity. In this course, we will study principles, individual differences, and group affiliations that create a diverse workforce, which serves a diverse customer base.
Online marketing is quickly gaining in importance and has recently surpassed radio, print and magazine advertising in terms of marketing spending. Moreover, the internet and online marketing are changing business models across many industries; traditional (offline) media is quickly “going digital” through technological advancements such as video-on-demand. The goal of this module is to introduce students to the technical and business aspects of the major online marketing instruments as well as new trends. In particular, we will discuss practical examples of; display and search engine advertising, affiliate marketing, social media and influencer marketing, viral marketing, mobile marketing and the latest trends and opportunities.
Data Visualisation & Storytelling
This module bridges data science techniques with managerial decision-making, by leveraging the powerful combination of data, visuals and narratives. The module covers basic data visualisation techniques for data of different volume (small and big data), variety (structured and unstructured) and velocity. The module also covers the psychological foundations and principles of data visualisation i.e. how does the human brain process information and how can we manage the cognitive load and attention of the audience. Students will learn to build compelling stories around their data analysis, in order to effectively communicate their results to decision-makers in important business contexts.
In this course, we will cover how firms can use performance measurement tools and concepts to manage the implementation of strategies. We cover concepts such as the balanced scorecard, strategy maps, action controls, personnel controls, strategic profitability analysis, etc. The course will emphasise quantitative approaches (i.e.: use calculations to improve decision-making and strategy execution).
Change is a constant process and organisational change is a regular theme for any leader. Leading change is difficult because you need to convince people that they should give up habits, routines and scripts that perhaps work well and make their lives easier. Leaders that are good at influencing social change processes understand what motivates people and how to get people to commit to new lines of thinking and action through negotiations. Leading change can be top-down, bottom-up and/or middle-out. It can also be re-active when a crisis or shift takes place in the market or proactive when leaders take steps to change before an interruption forces calls for change. In this course, we explore some of the challenges and traps that can derail leaders' attempts to change people and organisations.
Designing Resilient Supply Chains
This module focuses on the design of resilient and sustainable supply chains and emphasises the strategic role of information and data analytics. Students will learn about important design choices and digital core capabilities such as traceability, social media monitoring, and artificial intelligence. Firms need to build on these to increase their resilience towards regular demand and supply uncertainty,as well as major unpredictable supply disruptions caused by e.g., natural disasters, pandemics, supplier bankruptcy, or port strikes.
Designing & Analysing Business Experiments
This hands-on module highlights the crucial role that well-designed business experiments can play in informing important managerial decisions in diverse areas such as pricing, new product development, operations management, and organisational incentive setting. A growing number of organisations recognise the power of experiments, but often fail in the execution phase; for instance, because they are using unsystematic trial-and-error approaches that are not geared towards solid causal inference and learning from robust empirical evidence. The module covers the scientific foundations of experimental design & analysis, including advanced topics such as quasi-experimental designs, natural experiments, and regression discontinuity designs. The module further teaches students to understand and solve practical implementation challenges of business experiments.
Strategy Consulting Project
This course is an experiential learning module, based on company projects, case studies, and business challenges with specific strategic and organisational issues, so students can develop a clear set of recommendations. Students work with actual companies by getting involved in real-world strategy or business challenges.
Learning through Action – Applied Topics in Management
This course offers a hands-on approach to the study of people, management and organisations. We provide students with an opportunity to acquire knowledge and skills that are critical to tackling today's managerial problems. The course emphasises experiential learning coupled with lectures, readings, class discussion/debate, guest speakers, personal and group assignments. The content will reflect the most relevant business topics at the given time such as crisis management, disruptive innovations, etc.
This module focuses on the challenges and approaches involved with an organisation’s digital transformation. Participants will discuss the potentials and limitations of different agile management approaches (Scrum, Scaled Agile, DevOps, Bimodal IT etc.). They will acquire competencies in designing and shaping the enterprise architecture, organisational structure and culture of a firm which is prepared for the digital future. The academic content of the course will be complemented by workshops from corporate partners and a hands-on agile methodology workshop. Debating on the economic and societal impacts of digitalisation will complete the course.
Prof. Dr. Daniel Beimborn
Applied Analytics Challenge
The Applied Analytics Challenge presents students with a challenging real-world (big data) business analytics problem. The students will work on solving the problem by using the data analysis techniques that they have learned in previous courses. The course exposes students to the nature of big data projects and will teach them how to address challenging issues in management practice. It also introduces students to the issue of how to manage such projects.
2 Electives or Entrepreneurship Accelerator or Semester Abroad
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.
Our Master in Management concentrations are designed to provide specialised knowledge and skills focused on specific areas of global strategy, people, management & organisations, digital business, technology & operations, data & business analytics. In addition, through these concentrations and company projects you have an opportunity to visit established corporations and start-ups.
As technology advances rapidly and businesses transform to become more sustainable, it is a necessity for future managers of international corporations to think and act with an entrepreneurial mindset. We offer you the chance to apply your learning to your own real life start-up project with our Entrepreneurship Accelerator as an alternative to your two electives in semester 4.
Frankfurt School partners with 80+ universities worldwide that are primarily focused on business and management. This allows our students to gain comparative viewpoints, diverse cultural and study environments and to widen their international network. It also gives our students the chance to immerse themselves in a new environment that prepares them for a global career.
The Master in Management follows a unique time model that permits students to work part-time whilst pursuing a full-time Master’s degree. We call this the 3-Day Model.
Students typically attend classes three days a week, either on Mondays, Tuesdays and Saturdays or 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.
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 a wide range of industries.
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 digitalisation as part of the Information Systems course.
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.
Students 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.
Competitions & Awards
Frankfurt School encourages students to participate in various challenges and competitions, e.g. CFA Research Challenge, throughout the year, giving selected students the opportunity to prove themselves and compete against other top universities worldwide.
The Master in Management students have the opportunity to visit other European universities and connect with the local students.
This year our students visited Nova School of Business and Economics in Portugal to deepen their knowledge in Sustainable Finance. The sessions tackled crucial topics such as Sustainable Development Goals (SDGs), Green and Climate Finance, the Relationship between Investment in Human Capital and Sustainable Finance, and the Role of Corporate Governance in Sustainable Finance.
IE Business School
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.
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.
Joy He (Master in Management Class of 2022):
"It was refreshing to see how people from both Frankfurt School and Nova SBE were so motivated to connect with each other. As an international student who came to Germany for the masters during pandemic, this trip represented what I was pursuing: to build meaningful relationship with people from different cultural and educational backgrounds. Such meaningful relationship also resonates with my key takeaway from the sustainable finance course that changes and actions start from personal connections and caring for each other. I am grateful of all the efforts Frankfurt School and Nova SBE put into organizing this trip during the current situation, and I am deeply grateful for this opportunity to finally connect with our own schoolmates from both Master in Management and Master of Finance."
Conner Tensey (Master of Finance Class of 2021):
"If I had to use one word to describe the trip, it would be amazing. After being apart from the world for so long, it almost becomes second nature to be alone and it becomes so easy to forget what it was like to be around so many people. Truly seeing the entire class again - people I hadn't seen in a year or more - was something almost indescribable. To then go off with all of these amazing people to such a beautiful country and attend so many well-crafted events, was without a doubt one of the best experiences of my life. Not only was it so nice to see all of the classmates I missed, but it was also incredible to meet all these new people from the other intakes and programs. This experience was one of the most powerful I've had, and I am positive these memories will stick with me until they cannot anymore."
The combination of practical learning methods and the ability to work part-time ensures our Master in Management students are able to secure jobs in a variety of companies and industries by the time they graduate. Below are examples of where our students worked during and following their studies. Take a look at some more here.
List of employers
|4C Group AG|
|Arendt Business Advisory|
|Arnt and Utsch|
|Arthur D. Little|
|Avicola Veneta Sca|
|Banque de Luxembourg|
|Blackfin Capital Partners|
|Capital Bay GmbH|
|Deutsche Bank AG|
|Duff & Phelps|
|Emma The Sleep Company|
|Emscher Lippe Energie GmbH|
|European Central Bank|
|Ferrero Deutschland GmbH|
|Frankfurter Bankgesellschaft (Deutschland) AG|
|Fresenius Medical Care|
|Grameen Creative Lab|
|Infocore Engineering & IT Services Group|
|Jaguar Land Rover|
|Jones Lang LaSalle SE|
|Kaufland STiftung & Co. KG|
|Liebscher & Bracht|
|Pictet Asset Management|
|proresult Unternehmensberatung AG|
|ROWE Marketing GmbH|
|SGT Capital LLC|
|State Grid international development CO.LTD|
|ZAR Real Estate Holding GmbH|
|Zwei & Zwanzig|
|Private Equity & Venture Capital||2%|
|Strategy and Business Development||19%|
|Consulting and Project Management||17%|
|Sales and Marketing||14%|
|Finance and Controlling||10%|
|M&A and Transaction Services||10%|
|Research and Analytics||4%|
|0 - 3 months||41%|
|Remained with current employer||16%|
|4 - 6 months||5%|
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.
|Number of students||135|
|Europe excl. Germany||11%|
|Africa & Middle East||2%|
|International Business & Management||19%|
|Engineering & IT||13%|
|Banking & Finance||4%|
|Languages & Cultural Sciences||14%|
Frankfurt is the commercial hub of Europe where major global corporations, consultancy firms, high-tech industries and startups are located alongside the European Central Bank. Frankfurt School plays a key role in supporting these strategic partner industries through its cutting edge research and innovative solutions focused on consultancy, tech, banking and finance.
Invest in your international career development by leveraging on the opportunities and business networks offered by the city of Frankfurt.
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.
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:
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 EUR 4,000 and EUR 2,000 respectively. Applicants interested in a scholarship must complete the relevant section within their online application.
(EUR 4,000 discount)*
|30 Nov 2021|
(EUR 2,000 discount)*
|31 Mar 2022|
|Final Application and Scholarship Deadline||30 Jun 2022|
|Start of programme||22 Aug 2022|
*You must have recieved an admission letter by 31 March and 30 June respectively
Successful applicants will be invited to an Assessment Centre and the Frankfurt School Admission Test, if applicable. The interview will be held either at Frankfurt School or over 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.
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.
The Master in Management programme begins on August 23rd 2021. 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
FS Bachelor students are offered a 3-semester track of the programme. You will start the programme with the regular 4-semester track and finish one semester early. For more information please contact us.
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.
Since we can guarantee the quality of our teaching and research, we expect the highest levels of commitment and motivation from our students.
|Registration fee*:||EUR 100|
|Semester fee:||EUR 8,100|
|Total price:||EUR 32,500|
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.
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!