Masters in Management

Module 1

September 2017 to December 2017

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 Theory
• Competitive and Corporate Strategy
• Business Economics
• Marketing Management
• Financial Accounting
• Financial Management and Corporate Finance

Module 2

January to March 2018

After the core module of the program, students choose among two different streams.

One stream focuses on quantitative business and includes subjects like:

• Statistics
• Operations Science & Supply Chain
• Econometrics
• Portfolio Theory and Asset Pricing
• Investments

The second stream concentrates on innovative management, including courses such as:

• Entrepreneurship
• Sustainability
• Global Economy
• People Management and Leadership
• Negotiation dynamics

MIM students in the quantitative management stream and who are interested in investments and portfolio management have a distinctive opportunity to participate in the Portfolio Management Program (PMP). You will gain hands-on knowledge by managing significant investments in the real world. This provides unparalleled first-hand experience to learn how the markets work and react in real-time.

Module 3

April to September 2018

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
• BOSCH working as Product Manager
• Citi working as Investment Banking Placement Analyst
• Daimler working as Risk Manager
• Deutsche Bank working as Global Trade Finance Product Manager
• KPMG working in the Deal Advisory
• Mercedes Benz Bank working in Risk Provisioning
• Porsche working in Business Development
• Simon Kucher & Partners working as Visiting Consultant
• United Nations working as Program Manager
• Zalando working in the Analytics and Business Department

Besides Germany, students are gaining international experience by interning in Japan, Turkey, Switzerland, France, South Korea and Kenya.

Module 4

October 2018 to mid-April 2019

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 and Data Mining, Predictive Analytics, Advanced Decision Analysis, Spreadsheet Modeling, Ethics in Data Analytics
2. Finance & Investments: Valuating Companies, International Finance & Risk Management, Entrepreneurial Finance and FinTech, Portfolio Management
3. Entrepreneurship & Innovation: Innovation and New Product Management, The Human Factor of Innovation, 'Startup Challenge', Design Thinking
4. Global & Digital Strategy: Understanding Global Challenges, Strategic International Management, Digital Disruption & Business Models, Digital Marketing

Module 5

Mid-April to May 2019

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 partner organizations globally with whom to develop relevant projects.

This year, students worked on (examples):

• Sustainable energy projects in Bangladesh and Madagascar
• Assessing social innovation programs by a global consulting firm
• Measuring the cost of inaction in developing countries
• Developing a mobile app for health improvement
• Launching a financial literacy program for highschool students

Module 6

June 2019 to August 2019 (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 may opt for working on a thesis topic in close coordination with a professor’s own research agenda.

In addition to completing the entire program in English, all MIM students study a foreign language. Students have five hours of language instruction a week while on ESMT's campus, 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 on offer each year.

For students not fluent in German: you will 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 project, all or some of which can be in a country where that language is spoken.