The Master in Management program blends classroom learning and practical knowledge and experience. Students complete up to 10 months of applied work, with up to three different organizations in Germany or abroad.
Courses on campus compliment the in-company experience with general management principles, soft-skills training, in-depth specializations, and guided applied research. Students can learn a new language, and understand how businesses shape and enhance new technology. MIM graduates are positioned to add value and informed insights to their employers from day one of their career.
Academic training combined with applied fieldwork. All with a global outlook.
Four key themes run throughout the Master in Management curriculum, giving students focused personal development opportunities in addition to a solid academic foundation:
1. Two tracks - tailored to your skills
The Master in Management program is divided into two tracks. One track is designed for future managers who master the use of data for the creation of new business opportunities (Quantitative Business) and one track for creative and strategic leaders of the future looking for a career in entrepreneurship or digital international business (Innovative Management). You select your track during the online application process.
During the first program module, you will take management core courses together in a single cohort. 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
After completion of the core module of the program, you will move into your chosen track. In both tracks, you choose two additional elective courses from the following subjects:
- Data Science for Analytics
- Digital Business Transformation
- Economics of Innovation
2. Applied fieldwork
To equip graduates to successfully enter the labor market, the MIM requires and integrates corporate experience into every aspect of the curriculum. Students complete up to 10 months of applied coursework over three phases:
- First-year internships (12-25 weeks): ESMT works with a growing list of partners to offer internships of up to 25 weeks (6 months) in a dynamic organization during the MIM. Students are also welcome to source their own opportunities. Please note that participants aiming to obtain an internship through ESMT’s network must still be interviewed and independently selected by the company. German students are encouraged to spend their internship abroad, in combination with their foreign language training.
- Social impact project (six weeks): In their second year, MIM candidates will complete a social impact team project in which students observe and facilitate the goals of mission-driven organizations such as non-profits, NGOs, social startups, or even CSR departments. Projects can be either in Germany or abroad and may be sourced by ESMT or students themselves.
3. Essential skills for early stage careers
Combining management training and strategic analysis in business situations can only get you so far. High-growth career paths within organizations require dynamic communication and presentation skills, self-reflection techniques, and sensitive acumen to work successfully with others in high-stress situations.
ESMT brings its experience of running personal development workshops for top executives and high-potential professionals to the Master in Management program, translating learning goals to students just beginning their careers. After the program, graduates will be able to function as mature, dedicated employees equipped to work in high-performing teams.
During the first year, workshops focus on presentation skills, high-performance team dynamics, intercultural business communication, and success factors in a job at home or abroad. During the second year, applied workshops focus on consulting skills, stakeholder management, and research methods.
4. International aptitude
As Germany's most international business school, intercultural skills are simply a way of life. Our current MIM class is extremely diverse, with students hailing from 43 countries. The program emphasizes business management within a connected global market. Highlights include:
International faculty: All courses are in English, and 83% of the faculty is international. You will have classes with top-trained professors from around the world, ensuring global insights into management issues.
Foreign languages: All students study a new language during the program. For non-native German speakers, MIM candidates learn German to increase their competitiveness on the German job market, and complete internships immersed in the German corporate culture. Native German speakers choose a language needed to manage relationships in the world's fastest growing economies. Language tuition are built into the on-campus periods and included in the tuition fee. Language courses are tailored to various levels of experience.
Social impact project: In their second year, students complete a project that benefits various stakeholders in society. Possibilities might include running English-language classes in developing countries, helping social entrepreneurial ventures, or volunteering for renewable energy projects.
Term Abroad: After completing the core Master in Management courses at ESMT in the spring of your first year, you may take your elective courses at a partner institution.ESMT has partnered with business schools worldwide to offer you an enhanced global study experience that fosters the necessary aptitude and knowledge to successfully navigate careers in an international business landscape.
Work abroad: Students have the possibility to complete their thesis work in another country. This is especially recommended for German students.
5. Master Thesis
All MIM candidates must complete a Master's Thesis over three months at the end of the program. As the final requirement of the MIM program, students work on a thesis topic in close coordination with a professor’s own research agenda. Students may also seek the opportunity of a second internship.