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Timeline & courses

A solid foundation for a high-impact career

The Master's in Management at ESMT is designed to prepare students to employ theoretical knowledge developed in undergraduate work in an applied business or management setting.

ESMT uses an integrative approach, with a combination of traditional coursework, internships and projects, career planning and skills workshops, and foreign language training - all to ensure that students have skills that top German and international companies continuously express they need and desire in their organizations.

The Master's in Management program lasts for 24 months (four semesters), and is split into six modules, or course blocks. The 2019 intake begins in late September.

We invite you to explore the ESMT MIM program in detail below.

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Professor Guillermo Baquero walks you through the ESMT Berlin MIM curriculum.
The MIM Curriculum

The MIM faculty lead, Professor Guillermo Baquero, will walk you through the two-year curriculum in this video.


  • Core courses

    Module 1

    September 2020 to December 2020

    During the first program module, students take management core courses together in a single cohort. Most courses include components for teamwork and presentation to hone the students' communication and conflict resolution skills.

    Students take core courses from the following management topics:

    • Judgment & Decision-making
    • Competitive and Corporate Strategy
    • Business Economics
    • Organizational Behaviour
    • Financial Accounting
    • Financial Management and Corporate Finance
    • Advanced statistics
  • Two tracks

    Module 2

    January to March 2021

    After the core module of the program, students 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, students choose two additional elective courses from the following subjects (certain electives may be prerequisites for the specializations):

    • Entrepreneurship
    • Global Economy
    • Operations & Supply Chain
    • Valuation
    • People Management & Leadership
  • First-year internship

    Module 3

    April to September 2021

    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.

  • Four specializations

    Module 4

    November 2021 to mid-April 2022

    After the first internship and a combined capstone module in October, students choose one of four specializations in order to develop a tangible value proposition for companies looking for talent.

    1. Business Analytics: Data Science for Analytics, Predictive Analytics/ Machine Learning, Advanced Decision Making Tools, Risk Modeling with Spreadsheets, Value Chain Analytics
    2. Finance & Investments: International Finance & Risk Management, Entrepreneurial Finance and FinTech, Portfolio Management Seminar, Advanced Finance, Investments
    3. Entrepreneurship & Innovation: Matchmakers in Digital Economy, The Human Factor of Innovation, 'Startup Challenge', Design Thinking, Entrepreneurial Finance
    4. Global & Digital Strategy: Matchmakers in Digital Economy, Global Challenges, Strategic International Management, Digital Marketing, Digital Innovation and Entrepreneurship
  • The Social Impact Project

    Module 5

    Mid-April to May 2022

    During the Social Impact Project, students 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 students to observe how the global marketplace plays out in other parts of the world and other levels of society. It is the students' 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

    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
  • Master's thesis

    Module 6

    June 2022 to end of August 2022 (3 months)

    While working on their Master’s thesis, students may seek the opportunity of a second internship and carry out their research with support from practitioners. Alternatively, particularly those who intend to pursue an academic career, students may opt for working on a thesis topic in close coordination with a professor’s own research agenda.

  • Foreign language training

    In addition to completing the entire program in English, all MIM students study a foreign language. Language instruction is included into the curriculum, with options to continue instruction electronically when working on projects and internships.

    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, Portuguese, and Spanish. There will be up to two languages offered each year.

    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.

    Additionally, all enrolled students will have free access to Babbel, our official online language learning partner.  

  • Global Network for Advanced Management

    ESMT is part of the Global Network for Advanced Management, a partnership between 31 business schools worldwide.

    During the MIM program, students can attend Global Network Week, one-week short exchange studies at another network university from up to 4 schools offering exchanges at the same time as ESMT. Students choose from other schools in the network.

    Students can choose to attend classes at:

    • EGADE Business School (Monterrey, Mexico)
    • IE Business School (Madrid, Spain)
    • UCD Smurfit (Dublin, Ireland)

    For more info on the Network Week and sample exchange curricula, please follow this link.

    Short exchanges through the network are available at no additional tuition cost. Students should budget enough for travel and housing during the exchange. Please note that places at certain exchange partners are limited.

  • Double Degree at Yale School of Management

    ESMT offers the opportunity to complete your first year in Berlin, and your second year at the Yale School of Management. The result is two degrees earned in two years. Click here to learn more.

  • International exchanges

    ESMT has partnered with Imperial College Business School in the UK, Singapore Management University, IE in Spain, and the Smith School of Business at Queen's University in Canada to offer MIM students an enhanced global study experience to build the necessary aptitude and knowledge to successfully navigate careers in an international business landscape.

    Exchange options during the first year of the MIM

    After completing the core MIM courses at ESMT, you may choose to either shorten (to 3 months) or substitute the ESMT internship by taking elective courses at either Imperial or SMU.

    Exchange options during the second year of the MIM

    During the second year of the MIM, you may choose to add extra credits during your ESMT thesis period by taking electives at either Imperial or SMU. Alternatively, you could choose to substitute some of your ESMT specialization electives and the social impact project by taking classes during the winter semester (January - April) at Queen's University.

    No additional tuition fees are required.


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The ESMT MIM is 18th in the first Economist "Which MBA?" ranking of global Master's in Management programs.

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Join the optional PMP in order to combine theory and practice to develop real trading strategies on the open market. Selected students actively manage a real-money portfolio worth 1 million Euros.

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