Timeline & courses
The Master in Management program begins in September each year, lasts for 24 months (four semesters), and is split into six modules, or course blocks. The program combines innovative coursework, internships, social impact projects, career planning, soft-skills workshops, and foreign language training - all to ensure that you gain the skills that top German and international companies want in their organizations.
Learn more about the program and how it will help to jump start your career!
The MIM faculty lead, Professor Guillermo Baquero, will walk you through the two-year curriculum in this video.
September 2022 to December 2022
During the first program module, you will take management core courses together in a single cohort. Most courses include components for teamwork and presentation to hone your communication and conflict resolution skills.
Core courses on the following management topics are on offer:
- Business Economics
- Competitive & Corporate Strategy
- Financial Accounting
- Financial Management & Corporate Finance
- Judgment & Decision-making
- Organizational Behaviour
- Statistics I & II
January to March 2023
After the core module of the program, you will choose among two different tracks. One track focuses on quantitative business and covers the subject Econometrics. The second track concentrates on innovative management, including the course Economics of Innovation and New Technology.
In both tracks, you choose two additional elective courses from the following subjects:
- Data Science for Analytics
- Digital Business Transformation
- Economics of Innovation
April to September 2023
In coordination with ESMT, you will complete an internship of up to six months with a company and industry that meets your career goals. German students are encouraged to complete their internship abroad.
ESMT currently works with a growing number of companies to offer internships.
Please note that while ESMT has agreements with internship providers to offer internships, participants are still required to apply and pass the target company’s selection procedures. Participants may also source their own internship opportunities.
This year, students gained internship positions at (examples):
- Boeing working in Market Research & Strategy Support
- Accenture working as a Strategy Consulting Intern
- BMW working as a Sustainability Strategy Intern
- Daimler working as a Risk Management Intern
- United Nations as an Intern in Information and Communication Technology Section
- Deutsche Bahn AG in Strategic Organizational Development
- KPMG working in Deal Advisory
- Helix Cognitive Computing GmbH as a Blockchain Research & Cryptoeconomics Trainee
- Rocket Internet SE working as an International Finance Intern
- Google working as a Marketing Intern
- Bayer Healthcare working in Digital Health and Innovation
- Zalando working on the Business Development team
Besides Germany, students are gaining international experience by interning in Japan, Turkey, Switzerland, France, South Korea and Kenya.
Two tracks continued
Terms 3 & 4
October 2023 to March 2024
After the completion of the first internship and a combined capstone module in October, continue working with your selected tracks in Quantitative Business or Innovative Management.
- Advanced Decision Making Tools
- Design Thinking
- Digital Marketing
- Marketing Management
- Predictive Analytics
- The Human Factor of Innovation
- Value Chain Analytics
Students also choose from a number of electives including:
- Business Leadership in Society
- Entrepreneurial Finance & Fintech
- International Finance & Risk Management
- Leading & Managing People
- Strategic International Management
- The Global Economy
and many more...
The Social Impact Project
During the Social Impact Project, you will work on a group assignment in an NGO, social venture or in a Corporate Social Responsibility Department of a global firm in Germany or abroad.
This assignment allows you to observe how the global marketplace plays out in other parts of the world and other levels of society. This is your opportunity to give back and learn how to be a life-long engaged global citizen. ESMT is currently looking for international partner organizations with whom to develop relevant projects. Interested parties should contact email@example.com.
This year, students worked on (examples):
- Developing inclusive business ecosystem initiatives in Lesotho
- Identifying potential opportunities as well as obstacles for a collaboration with SOS Children Villages in India
- Optimizing operations and marketing processes for a coffee bean processing and distribution startup in Costa Rica
- Assessing social innovation programs by a global consulting firm
- Developing a mobile app for health improvement
- Launching a financial literacy program for high school students
May - August 2025 (3 months)
While working on your Master thesis, you may seek the opportunity of a second internship and carry out your research with support from practitioners. Alternatively, particularly those who intend to pursue an academic career, you may opt for working on a thesis topic in close coordination with a professor’s own research agenda.
The Portfolio Management Program
The Portfolio Management Program (PMP) is an optional two-year elective during the MIM program in which selected students actively manage a real-money portfolio - 1 million Euros per group with a total portfolio value of 3 million Euros. The concept of the PMP enables participants to combine theory and practice to develop real trading strategies on the open market.
PMP participants are selected during a competitive interview process after the start of the ESMT MIM program.
In addition to gathering a highly diverse class with typically over 40 nationalities, the MIM program offers a wide variety of mandatory and optional international opportunities to go abroad during the program:
- International exchanges with world renown universities like HEC Paris, IE in Spain, Imperial College Business School in the UK, London Business School, and the Smith School of Business at Queen's university in Canada
- Double Degree at Yale
- The MIM Global Network Week
- ...and many more
Foreign language training
In addition to completing the entire program in English, all MIM students study a foreign language. The foreign language training is fully incorporated into the curriculum as a mandatory element over the course of four semesters. It is worth 6 ECTS, which equal 100 class hours and 50 hours of self-guided learning.
For students fluent in German
You will choose a language needed to effectively manage business relationships in the world's fastest growing economies. Possibilities include, but are not limited to, Chinese, Spanish, and French.
For students not fluent in German
You will have the chance to study German, which allows you to complete internships and projects in German organizations and dramatically increases your competitiveness on the German job market after graduation.
Students are able to practice their foreign languages during their internships, master's thesis, and social impact project, all or some of which can be in a country where that language is spoken.
The MIM language courses are provided by our partner GLS Sprachenzentrum Berlin (German Language School Berlin) - Kastanienallee 82, 10435 Berlin.
Additionally, all enrolled students will have free access to Babbel, our official online language learning partner.