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FAQ - Master in Innovation and Entrepreneurship

  • Why join the Master in Innovation and Entrepreneurship

    The ESMT Master in Innovation and Entrepreneurship (MIE) is a full-time Master (MSc) program. It is targeted at young, recent bachelor graduates in their early twenties with limited to no work experience. 

    Most ESMT Master students share a desire to launch an international career while applying analytical and strategic solutions to today's business challenges. ESMT always searches for students and applicants with international experience who can perform work in diverse teams with a huge variety of possible backgrounds. Our current Master in Management program is by far the most international in Germany - no one nationality makes up more than 20% of the class.

  • Am I a good fit for the MIE?

    Our Master in Innovation and Entrepreneurship is a personalized degree for high-potential candidates with little to no previous work experience.

    These are the major points that we pay attention to during the application process:

    • International outlook, intercultural competency, and a responsible approach to business
    • Potential for high-performance career growth in a global environment
    • Willingness to learn from others
    • Excellent analytical and problem-solving abilities
    • Collegial behavior in high-stress situations
    • Academic excellence

    If it describes your character, you would definitely be a good match!

  • What are the MIE application requirements?

    The requirements for applying are:

    • Bachelor's degree
    • Proof of English proficiency. TOEFL scores (95 minimum), PTE score (64 minimum), IELTS  score (7 minimum), or another English proficiency test. Or graduating from a university program taught in English
    • Completed application, including essays and one reference
    • Less than 18 months of post-graduate professional experience (not including internship or work experience prior to bachelor program graduation)
    • GRE or GMAT is optional but may be requested in certain cases by the Admissions Team

    You can find more information on the program requirements on our webpage.

  • What are the MIE GMAT and GRE requirements?

    GRE or GMAT is optional but may be requested in certain cases by the Admissions Team.

    We do not have a specific minimum score for GMAT/GRE scores. However, the average scores for admitted candidates are: GMAT (640) or GRE (equivalent scores of approx. 160/160).

    The Admissions Committee may decide to request GMAT or GRE scores for any candidate following a complete review of their application.

  • Is there a minimum GPA required for admission to the MIE?

    There is no minimum GPA requirement for the Master in Innovation and Entrepreneurship. Candidates with excellent grades, especially in quantitative areas, may have a competitive advantage. Strong GMAT or GRE scores may help or be required in some cases to boost weak academic performance.

  • Is work experience required to apply for the MIE?

    No work experience is required to apply to the program. You should have no more than 18 months of post-graduate (following your bachelor's degree) work experience at the moment of application. According to our admissions data, the average work experience in the current Master in Management class is 4 months.

    Part-time work undertaken before graduation does not count towards the 18-month total limit. Same applies to the work experience, which is not “career-relevant”.

  • How should I answer the essay questions?

    There is no particular style guide for your application essay. Answer the questions as truthfully and directly as you can in whatever style you see fit.

    The tips from our team would be as follows:

    • use a spellchecker to avoid easy mistakes and typos
    • make sure to answer the necessary questions given in the task
    • make sure not to use  a different school’s name in your essay
  • How can I prove English proficiency or waive the test requirement?

    The prerequisites for the waiver are:

    • English is your native language
    • You have earned a university degree from a program exclusively taught in English.

    Should you need to submit proof of English proficiency with your MIM application, we accept TOEFL (95 minimum), PTE (64 minimum), IELTS (7 minimum) or other English proficiency tests. If you have taken the TOEFL more than once, we consider your MyBest™ scores on the TOEFL iBT® test, as well as your TOEFL iBT scores from a single test date. The ESMT TOEFL institution code is 8707.

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  • What are the MIE tuition fees and payment schedule?

    Tuition for the full two-year master in Innovation and Entrepreneurship program is currently €32,000.

    MIE tuition fees are paid in three installments over the two academic years:

    • To officially confirm your enrollment and reserve your place, the first deposit of €4,000 should be paid no later than four weeks after receiving your acceptance offer. This deposit will be deducted from future tuition payments.
    • The remaining tuition fees are to be paid in two equal installments, at the beginning (September) and after the first year of the program.

    These fees cover all courses and seminars, teaching materials, orientation sessions, as well as career support.

    Please, note that in addition to tuition, students should budget enough money for relocation and living expenses. We recommend that you budget around €1,200 per month for living expenses.

    Full tuition fee information can be found here.

  • What kind of scholarships are available for MIE applicants?

    Scholarships are offered to accepted students who show academic merit and leadership potential. To be considered for a scholarship, you should complete the scholarship essay included in the online application form, and indicate your suitability for a scholarship.

    The scholarships offered at ESMT cover partial tuition fees. Most of our students cover the costs of their studies with a mix of scholarships, loans, and personal savings.

    Read all about your Master program scholarship options.

  • Does ESMT offer on campus housing?

    ESMT does not currently offer on-campus student housing. Most students typically find housing within 25 minutes or less of campus since it is situated near a major central transport hub -  Alexanderplatz.

    Should you have any questions regarding housing, feel free to use our student services platform, where current students and alumni share relevant housing information with all incoming students. Our student services team is also open to giving you tips for finding an apartment in Berlin.

  • What should I consider before moving to Berlin?

    Visa requirements

    As a general rule, all foreigners with non-EU/EEA citizenship staying in Germany for more than 90 days and wanting to work or study in Germany need a visa before entering the country.

    Depending on the country you are applying from, issuing a German student visa may take up to 6 months. Though the process is often quicker, we advise all admitted students to book an appointment with the embassy in their countries as early as possible.
     

    APS Certificate

    The APS Certificate is mandatory for Chinese students who are interested in studying in Germany. Before applying to a German university you have to hand in your academic certificates and documents to the APS office in Beijing. This procedure may require some time. We would recommend you to book an appointment as soon as possible.

    You can read all about the APS on their official website or by contacting the German embassy.

    Residence permit

    After moving to Germany, students are required to register as a resident at the local authority (Bürgeramt) and provide their new address in Germany. After doing that foreign students are required to apply for a residence permit (Aufenthaltserlaubnis/Aufenthaltstitel) at the immigration authority according to the address where they are registered (LEA Berlin if they live in Berlin). This document is the permit that allows non-EU or non-EEA nationals to live and study in Berlin for the duration of the program.

    Upon receiving a valid residence permit in Germany, students may travel to another country within the Schengen zone, visa-free, using a valid passport for up to 90 days per six-month period.

    Can my residence permit be extended after graduation?

    There is an option to apply for a job-seeker visa for the duration of up to 18 months. Having a German diploma brings multiple benefits compared to the regular job-seeker visa for international specialists.

    During this time, you can search for suitable employment that complements your German university degree.

  • What student clubs can I join?

    There are many student clubs active on campus, covering a huge variety of topics such as entrepreneurship, investment, women in leadership, and many more. All students are welcome to join and take part in initiatives.

  • Where can I find more information regarding the COVID-19 impact on programs?

    The latest information regarding COVID-19 and its impact on programs and ESMT campus activities can be found here.