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Degree
Master of Science (MSc)

Language
EN

Tuition Fee
32,500 Euro

Application deadline
30 June

Programme Start
23 August

Duration
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
  • 120 ECTS

Requirements
  • 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 2020
Early Bird
(2,000 Euro discount)**
31 Mar 2021
Final Application and Scholarship Deadline 30 Jun 2021

*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

Learning Goals

LG1: Expert Knowledge and Understanding of Management Theories and Concepts, Processes and International Best Practices

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.

LG2: Problem Solving by Applying Analytical Techniques

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.

LG3: Effective Communication and Cooperation

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 recognize potential conflicts in cooperation with others and reflect on them in the context of situation-overlapping conditions. 

LG4: Professional and Responsible Behaviour

Graduates will be prepared to be competent professionals in international business environment 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.

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!

FT Ranking 2020

The Master in Management was ranked top 5 in Germany and #4 for salary in the Financial Times Global Master in Management 2020 Ranking. We also placed #34 worldwide and #3 for careers.

Curriculum

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.

1

Business Economics

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.

Lecturer

Markus Dertwinkel-Kalt Assistant Professor of Microeconomics Faculty

Finance

Finance

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.

Lecturer

Francesco Sangiorgi Associate Professor of Finance Faculty

Accounting

Accounting

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.

Lecturer

Michael Grüning Adjunct Professor

Managerial Data Science

Managerial Data Science

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. 

Lecturer

Jens Witkowski Assistant Professor of Computer Science & Management Faculty

Marketing

Marketing

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.

Lecturer

Britta Meinert Lecturer

2

Strategic Management

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. 

Lecturer

Markus Fitza Professor of Strategy and Entrepreneurship Faculty

Operations Management

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).

Lecturer

Mirko Kremer Professor of Supply Chain Management

Information Systems

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

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. 

Lecturer

Claus Rerup Professor of Management

Innovation Management

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.

Lecturer

Jochen Schlapp NORMA Group Associate Professor of Operations and Technology Management

3

Evidence Based & Responsible Management

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.

Choose One Concentration

Choose One Concentration

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.

Digital Analytics

Digital Analytics
  • Data collection
  • Integration
  • Analysis
  • Visualisation
  • Segmentation
  • Classification
  • Prediction
  • Decision making

Lecturer

Peter Roßbach Professor of General Business Administration and Business Informatics

Marketing Strategy

Marketing Strategy
  • Competing in the marketplace
  • Balancing short-term tactical decisions with long-term strategic objectives
  • Raising and lowering prices
  • Investing in new products

External Lecturer

Dr. Stefan Worm

Prescriptive Analytics

Prescriptive Analytics
  • Translating business problems into formal models
  • Supporting planning decisions with optimization methods
  • Translating numbers into insights
  • Sharpening analytical skills

External Lecturer

David Francas

Resource Allocation Strategy

Resource Allocation Strategy
  • Negotiate the trade-offs involved in allocating resources to strategic initiatives.
  • Manage the uncertainty inherent in strategic decision making.
  • Apply strategic foresight to anticipate competitive market dynamics.
  • Learn the fundamental laws of probability and behaviour that underpin resource-allocation strategy.

Lecturer 

Ronald Klingebiel Professor of Strategy

Digital Analytics

Digital Analytics
  • Data collection
  • Integration
  • Analysis
  • Visualisation
  • Segmentation
  • Classification
  • Prediction
  • Decision making

Lecturer

Peter Roßbach Professor of General Business Administration and Business Informatics

Digital Transformation

Digital Transformation
  • Challenges and approaches in implementing digital innovation and thus transforming an incumbent organization
  • Potentials and limitations of agile management approaches
  • Economic and societal impacts of digitalization

External Lecturer

Prof. Dr. Daniel Beimborn

Marketing Analytics

Marketing Analytics
  • Turning data into insights
  • Understand how customers respond to marketing decisions
  • Segmenting and targeting customers
  • Predicting customer behavior and profitability
  • Extensive use of R (one of the most sought-after marketing skills)

Lecturer

Alexander Bleier Assistant Professor of Marketing

Predictive Analytics

Predictive Analytics
  • Developing large-scale simulation models
  • Predicting the behavior of complex systems
  • Modeling uncertainty
  • Interpreting and communicating results

Lecturer

Jürgen Strohhecker Professor of Business Administration, Operations and Cost Management

Strategic Management Control

Strategic Management Control
  • Successful implementation of strategy and measurement of performance improvements
  • Map and communicate the strategy
  • Design the management control system
  • Plan and coordinate strategy implementation
  • Evaluate and reward strategic performance

Lecturer

Matthias Mahlendorf Professor of Managerial Accounting

Marketing Analytics

Marketing Analytics
  • Turning data into insights
  • Understand how customers respond to marketing decisions
  • Segmenting and targeting customers
  • Predicting customer behavior and profitability
  • Extensive use of R (one of the most sought-after marketing skills)

Lecturer

Alexander Bleier Assistant Professor of Marketing

Digital Marketing

Digital Marketing
  • Display advertising
  • Social influencer marketing
  • Affiliate marketing
  • Viral marketing
  • Search engine advertising
  • New trends and opportunities

Lecturer

Christian Schulze Associate Professor of Marketing

Digital Marketing

Digital Marketing
  • Display advertising
  • Social influencer marketing
  • Affiliate marketing
  • Viral marketing
  • Search engine advertising
  • New trends and opportunities

Lecturer

Christian Schulze Associate Professor of Marketing

Operations Strategy

Operations Strategy
  • Linking operations strategy to financial performance
  • Aligning operations with competitive strategy
  • Designing global networks
  • Leveraging disruptive technologies
  • Designing innovation processes

Lecturer

Jochen Schlapp NORMA Group Associate Professor of Operations and Technology Management

Scaling Digital Businesses

Scaling Digital Businesses
  • Understand the implications of digital technologies on strategy
  • Understand how digital technologies affect environmental forces and strategic interactions between firms and their competitors.
  • Become proficient in analytical and critical thinking; develop skills in reporting conclusions effectively in written and oral form

Lecturer

Gianluigi Giustiziero Assistant Professor of Strategy

Predictive Analytics

Predictive Analytics
  • Developing large-scale simulation models
  • Predicting the behavior of complex systems
  • Modeling uncertainty
  • Interpreting and communicating results

Lecturer

Jürgen Strohhecker Professor of Business Administration, Operations and Cost Management

Digital Innovation

Digital Innovation
  • Insights into the mechanics, potentials and limitations of digital technologies
  • Developing digital strategies and business models
  • Developing specifics of innovation discovery and diffusion
  • Monetizing the digitally created value

External Lecturer

Prof. Dr. Daniel Beimborn

Consumer Behaviour

Consumer Behaviour
  • Scientific approach to consumer behaviour
  • How consumers acquire, remember and use knowledge
  • How consumers make decisions
  • Influence and persuasion

Lecturer

Selin Atalay Professor of Marketing Head of Management Department

Supply Chain Strategy

Supply Chain Strategy
  • Linking supply chain strategy to financial performance
  • Tailoring supply chain structure to product characteristics
  • Designing distribution networks in the online economy
  • Mitigating risk through quick response
  • Sharing risk across the supply chain

Lecturer

Mirko Kremer Professor of Supply Chain Management

Marketing Strategy

Marketing Strategy
  • Competing in the marketplace
  • Balancing short-term tactical decisions with long-term strategic objectives
  • Raising and lowering prices
  • Investing in new products

External Lecturer

Dr. Stefan Worm

Prescriptive Analytics

Prescriptive Analytics
  • Translating business problems into formal models
  • Supporting planning decisions with optimization methods
  • Translating numbers into insights
  • Sharpening analytical skills

External Lecturer

David Francas

4

2 Electives or Semester Abroad

2 Electives 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.

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

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

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.

Core Modules
Electives
Digital Business
Customer Insights and Analytics
Technology & Operations
Strategy & Organisation
Business Analytics
Study abroad option: You have the option to use the credits from your electives in semester 4 to study abroad.

Concentrations

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.

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.

Student Career Paths

The combination of practical learning methods and 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.

Employment Statistics - Class of 2019

Starting Salary after Graduation*

Average Salary 58,566 Euro
Average Reported Bonus 14,552 Euro

* excluding trainees and interns

Where do our graduates work?

List of employers

Accenture 
Accenture Strategy
Agrando
Amazon Web Services
BASF
Bearing Point
Boston Consulting Group
Capgemini Invent
CBRE
Commerz Business Consulting
Commerzbank
CPC Change Management
Dartmouth Partners GmBH
DB Systel
Deloitte
Deutsche Bank
Deutsche Börse Group
Deutsche Leasing Group
Deutsche Tele Medien GmbH
EFAFLEX
Frankfurt School Blockchain Center
Fujitsu TDS GmbH
Ginmon GmbH
Goldman Sachs
Henkel
IHS Markit
IMAP M&A Consultants AG
INEOS Styrolution Europe GmbH
JP Morgan
KfW Development Bank
KPMG
Lidl Stiftung & Co. KG
Lucht Probst Associates
MARS
Mattel
Mazars
McKinsey
micobo
Moody's analytics
ODDO BHF
Procter & Gamble
PVH Holdings GmbH
PwC
Rothschild & Co
Sanofi
Scania Deutschland Österreich
Schwarz Gruppe
Singular Group
Sparda Bank Südwest
Sumitomo Mitsui Banking Corporation
VP Strategy Advisors
Zalando

Employment by Industry

Consulting 36%
Consumer Goods 14%
Corporate/Retail Banking 9%
Financial Services 9%
Investment Banking 6%
IT 5%
StartUp / FinTech 5%
Chemicals 3%
Automotive 2%
Other 11%

Employment by Function

Consulting / Project Management 25%
Business Development & Strategy 19%
Financial Advisory 11%
Brand & Product Management 8%
M&A / Transaction Services 5%
Research & Analytics 5%
Supply Chain 5%
Operations 3%
Corporate Banking 3%
Human Resources 3%
Risk Management & Compliance 3%
Sales 3%
Controlling 3%
Other 4%

Time until Employment

Before graduation 32%
0 - 3 months 29%
4 - 6 months 23%
Remained with current employer 12%
Internship 3%
Further Education 1%

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

Overview

Number of students 104
Nationalities 21
Average age 24 

Gender

Female 46%
Male 54%

Origin of Students

Germany 52%
Asia 26%
Europe excl. Germany 10%
Americas 9%
Africa & Middle East 3%

Educational Background

Business Administration 31%
Other 12%
Economics 15%
International Business & Management 20%
Engineering 13%
Finance 9%

#FSMaster on Social Media

Study in Frankfurt

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.

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 2020
Early Bird
(2,000 Euro discount)*
31 Mar 2021
Final Application and Scholarship Deadline 30 Jun 2021
Start of programme 23 Aug 2021

*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 the 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.

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 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

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.