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*excl. 350 EUR enrolment fee
Our Master in Management programme offers a blend of innovative core modules alongside cutting-edge concentrations to nurture essential managerial and business development skills. It is designed to prepare individuals to excel as digitally proficient analysts, ethical entrepreneurs, innovative managers, and global business leaders.
The curriculum offers a flexible 3-day study model that accommodates part-time employment, ensuring a practical learning experience. Our students benefit from access to the Entrepreneurship Accelerator or Incubator for personalised mentoring, including networking opportunities with industry professionals.
Our exclusive corporate connections and strong Alumni network allow you to build a professional network crucial for developing your international career. Our Career Services team will support you with individual consultations on career development that are based on your interests and career goals.
Scholarship options are available to support your journey, making this programme an accessible pathway to success in the global business arena.
Learning Goals
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.
The Master in Management is a consistently ranked programme in Germany and worldwide in the Financial Times Global Master in Management Ranking. In 2023, we remained in our position in the top 5 Master in Management programmes in Germany.
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.
Evidence-based 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's thesis and increase your scientific decision making in management and consulting practice.
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 gives an overview of marketing processes and principles and providing students with the opportunity to apply these key concepts to practical business situations.
Lecturer
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.
Lecturers
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.
Lecturer
Operations Management
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).
Lecturer
Sustainable 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 a firm's profitability, you will also discuss how the design of firm boundaries influences this and how organisational processes contribute to competitive advantages.
Lecturer
Organisational Behaviour, Leadership, and Sustainability
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.
Lecturer
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.
Lecturer
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.
Global Strategy
Strategic Communication and Leadership
Digital Business, Technology & Operations
Data & Business Analytics
Behavioural Strategy
This course provides an introduction to the principles, concepts, and tools of behavioural strategy. “Behavioural strategy merges cognitive and social psychology with strategic management theory and practice” and it “aims at bringing realistic assumptions about human cognition, emotions, and social behaviour to the strategic management of organisations and, thereby, to enrich strategy theory, empirical research, and real-world practice” (Powell, Lovallo and Fox, 2011: 1371). The field of behavioural strategy addresses traditional topics in strategic management such as corporate resource allocation, internationalization, and acquisitions; however, it does so by incorporating insights from psychology and behavioural decision research, founded on empirical evidence, to enhance our understanding of how managers and organisations behave. To a significant extent, this course is structured around the three key pillars of behavioural strategy: human cognition, emotions, and social behaviour within the context of strategic decision-making by managers.
Lecturer
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.
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.
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.
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 Innovation
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.
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.
Operations Strategy
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.
Lecturer
Persuasive Communication
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.
Information Systems
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.
External Lecturer
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.
Corporate Strategy
This course covers aspects of firms growth and it focuses specifically on the differences between traditional growth models and growths achievable through digital business models, platforms 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.
Diversity Management
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.
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.
Lecturer
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.
Strategy Execution
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).
Lecturer
Change Management
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.
Digital Marketing
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.
Lecturer
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.
Experiential Learning
The experiential learning component of the MiM brings the students in teams and company partners together to allow knowledge transfer, innovation exchange & provide talent access. The partner defines a strategy or business challenge together with the teams of students assigned to each company partner. The teams supervised by the company’s senior managers and Faculty of Frankfurt School spend several weeks gathering and analyzing the data, strategy or business-related challenges and present their findings with recommendations and innovative solutions to the partner companies at the end of the module.
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.
Digital Transformation
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.
External Lecturer
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.
Electives or Entrepreneurship 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 elective modules to start in their last semester.
Students have the opportunity to replace their elective modules with either a semester abroad at one of our international partner universities or take part in our Entrepreneurship module.
Master's Thesis
Our Master in Management concentrations are designed to provide specialised knowledge and skills focused on specific areas of Global Strategy, Strategic Communication and Leadership, Digital Business, Technology & Operations, and Data & Business Analytics. In addition, through these concentrations and company projects, you have an opportunity to visit established corporations and start-ups.
88% of our Master in Management students secure a full-time position within 3 months of graduation.
The starting salary (including bonus) is 68,100 EUR, excluding trainees and interns.
Our Master in Management alumni have secured jobs in a variety of companies and industries since graduating.
List of employers
4C Group |
Adidas AG |
All for One Group SE |
Appian Corporation |
Arthur D Little |
Beiersdorf AG |
Berenberg Bank |
Boston Consulting Group |
CAPCO |
Capgemini Invent |
Cisco |
Commerzbank AG |
Coty Beauty Germany GmbH |
Deloitte Consulting GmbH |
Deutsche Bank |
Deutsche Boerse AG |
Dr. Esters Steuerberatungsgesellschaft mbH |
DUAL Europe GmbH |
DZ BANK AG |
Equinix Inc. |
EY |
Ferrero |
Friday Finance |
FTI Andersch |
GHK Management Consulting GmbH |
Goldman Sachs |
Greentec Capital |
ING Deutschland |
Ipsos |
JLL |
Jomigo GmbH |
KF Finance |
Klarna |
KPMG AG |
KPS Transformation GmbH |
Lidl |
Lufthansa Group |
MHP - A Porsche Company |
Mobility Trader Holding GmbH |
Mytheresa |
Nestlé |
Oliver Wyman |
Palladio Partners |
Plattform hoch 2 GmbH |
Proctor & Gamble |
PwC |
qwerty |
Roland Berger |
Scout24 |
Simon-Kucher & Partners |
Standard chartered bank |
TikTok |
Viessmann Investment GmbH |
Visa Europe |
VisualVest GmbH - Union Investment |
Wanhua Chemistry |
zeb Consulting |
Frankfurt School strongly believes in a well-rounded education, and the Master in Management no exception. Innovative in-class teaching methodologies are supplemented by various workshops and activities to enhance the overall learning experience.
Frankfurt School’s strong connections to the consulting and finance industries provide students with regular guest lectures, offering invaluable opportunities to network with industry leaders and successful alumni. These interactions help students gain insights and build relationships that are crucial for their future careers.
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.
Students benefit from exclusive case study learning opportunities through lectures and seminars, working on real-life cases to prepare for the working world. Each year, representatives from renowned companies visit the campus to share their expertise on current trends like digitalisation, integral to our curriculum.
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.
Student Experiences
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."
Bocconi
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.
*Please note: The Frankfurt School Admission Test (BT Methods) can be taken only once.
Early Bird (EUR 4,000 discount)* |
30 November 2024 |
Early Bird (EUR 2,000 discount)** |
31 March 2025 |
Final Application and Scholarship Deadline | 30 June 2025 |
*In order to secure the Early bird 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
We encourage you to complete your application as soon as possible as there are financial advantages for candidates who submit a complete application early.
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.
In partnership with Lincoln International, we offer an exclusive scholarship for female applicants to the Master in Management programme, focused on those aspiring to enter M&A careers through the Global Strategy and Data & Business Analytics concentrations.
Successful candidates will:
This scholarship is available for Intake 2024 and you can apply through our online application form.