ESMT's Master's in Management (MIM) bridges your talent and tomorrow's business.
Beginning in September 2014, ESMT will launch an exciting new master's program for beginning professionals who show outstanding potential.
The ESMT Master's in Management program combines applied work in companies with high-quality coursework and research on the latest business management theories. Admitted students have backgrounds in non-business subjects and use the time at ESMT to gain valuable knowledge and interdisciplinary experience on how to apply their expertise to economic and management problems.
The program is designed for students with a backgrounds in STEM subjects (science, technology, engineering, or mathematics), or for students with any first university degree displaying strong interests and advanced abilities in quantitative subjects. The ESMT MIM program uses an interdisciplinary approach: students apply their analytical skills to economic analysis, product development, and new technology management within the global marketplace.
Students complete two internships of up to 6 months each in Germany or abroad. Committed companies so far include Allianz, Axel Springer, BMW, Bosch, Daimler, Deutsche Bank, Deutsche Post DHL, E.ON, Gazprom, McKinsey, Siemens and ThyssenKrupp.
The ESMT MIM concept
Professionals entering today's competitive workplace need advanced skills in analysis and communication to become effective team members. ESMT has conducted extensive research on what organizations need in new employees, how new graduates find jobs, and what students need to achieve their goals. We then built the MIM program to fulfill all of these requirements:
Staufenbiel's report on the survey of German companies shows that the need for engineering, science, and business graduates will grow in the next 5 years. But companies need cross-disciplinary knowledge: 57% of companies need business knowledge from their engineering recruits, and 56% of companies need scientific knowledge in their business recruits. Furthermore, over 80% of companies need talented candidates who know how (and can prove in their job applications) to work in high-impact teams, create strategic and creative solutions, deliver dynamic presentations, and communicate effectively in English and German.
ESMT's Master's in Management delivers an integrative approach: students with scientific knowledge gain valuable experience on business analysis and research. Multiple company projects, backed by soft skills training and careers workshops, give students opportunities to learn from experience and gather valuable feedback on their performance. New graduates then have tools to find jobs and deliver competitive results for long-term career growth.
Internships and in-company projects remain the most competitive ways of entering a company: 90% of German companies report that in-company work before hiring is one of their preferred ways to fill permanent positions.
ESMT's Master's in Management program allows students to complete three company projects - giving candidates the opportunity to experience multiple company cultures or the chance to further and deepen ties to the company of your choice. Your increased corporate network and new skills will make you competitive on the job market.
To be effective employees and find success as future managers, students need a personal learning environment that emphasizes an individual approach. Traditional university education provides theoretical lectures in giant halls, but after graduation students need to function in high-stress team environments and deliver concise presentations on complex interdisciplinary concepts to be successful over a lifetime.
ESMT's courses integrate applied theory and research in dynamic team learning environments with advanced presentation delivery and foreign language competency. These skills are all ranked by German companies as more important than traditional theoretical lecture knowledge. Furthermore, ESMT's small class sizes, unique personal approach to learning, and emphasis on individual development ensures that students gain a valuable, high-impact education.
MIM program strengths
We've identified four core strengths that make the ESMT Master's in Management unique:
Students in the ESMT Master's in Management will benefit from a variety of networking opportunities with companies, including:
The Master's in Management at ESMT is designed to teach students how to take analytical and technological skills, developed in undergraduate work, and use them in an applied business management setting.
ESMT uses an integrative approach, with a combination of traditional coursework, applied internships and projects, career planning and skills workshops, and foreign language training -- all to ensure that students have skills that top German companies repeatedly state they need and want in their organizations.
Foreign language training
In addition to completing the entire program in English, All MIM students study a foreign language. Students have a session devoted to foreign language learning almost every day 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 that speaks that language.
Business management core
Modules 1 & 2
September 2014 to March 2015
During the first two MIM program modules, students take management core courses together in a common classroom. 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:
April to September 2015
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 place interns. Industries currently include:
October 2015 to December 2015
After the internship, students choose one of three specializations in order to develop comprehensive abilities to work creatively in high-impact careers.
The Marketing Analyst: focuses on making pricing decisions and developing pricing strategies, forecasting sales, and analytics on consumer data.
The Supply Chain Manager: learn how to create lean manufacturing processes, analyze existing processes and creatively define solutions to problems, manage sales and delivery logistics
The Innovation Consultant: develop new products, develop corporate entrepreneurship ventures, launch new technology into the market, pinpoint opportunities for new growth within an organization
Social impact project
January 2016 to February 2016
Work on a group assignment in an NGO, nonprofit, or social venture in Germany or abroad. German students are required to spend their social impact project 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.
Master's Thesis internship
March 2016 to June 2016
Work on an applied project while completing a second internship in a company. Thesis research is guided by an ESMT professor and should be a bridge between theoretical work in class and applied theory in business situations observed in the field.
For students planning a career track in research and academia, they can choose to remain at ESMT and work on an academic-based research project with an ESMT professor.
To be considered for the ESMT Master's in Management program, students need:A previous degree, either: in a STEM field (science, technology, engineering, mathematics) or in quantitative economics (not business economics) or a similar field of studyor a previous degree in any discipline with proof of strong quantitative abilities (either 20 ECTS credits in advanced STEM courses with good marks or a GMAT score in the top 20% globally)Ideally no more than 12 months of postgraduate work experienceStrong GMAT or GRE scores (may be waived under exceptional circumstances)Proof of English fluency (TOEFL minimum of 90 or equivalent for non-native speakers)Completed applicationFinal admissions interview English Language Requirements TOEFL iBT® test: 95
Partial scholarships for outstanding candidates are available for up to 10.000.
Other financing sources: savings or educational loans. ESMT applicants from Germany are eligible to apply for a loan at Deutsche Bank, Deutsche Bildung or Bildungsfond. International students can find options for loans and scholarships at the DAAD Website.
ESMT is accredited by German, European, and international business school accrediting agencies. This ensures a high-quality educational experience and a degree with a solid reputation throughout the world.
ESMT currently holds rankings for a number of programs, including appearances in the Financial Times and Handelsblatt.