Master in Management & Innovation

Language:	100% English
Location:	Heilbronn, Munich, Paris, Calgary, and Brisbane
Duration:	4 semester full-time program
Degree:	Master of Science (M.Sc.) + possibility of a double degree
Program Start:	Wintersemester

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Educating the Innovation Managers of the future is the goal of the four-semester Master in Management & Innovation. The program is aimed at young professionals who have gained their initial professional experience and would like to bridge the gap between management and technology. As a graduate of this unique English-language program, you will develop the ability to foster innovation within organizations.

You want to learn more?

Visit our info sessions, download the brochure or book a consultation for your individual questions.

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How to apply

BRIDGE THE GAP BETWEEN MANAGEMENT & INNOVATIVE TECHNOLOGIES

Master in Management & Innovation

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Overview

01

1

Become a first class innovation manager of the future

Combine General Management with Innovation, Entrepreneurship and Technology.

Die TUM ist Vorreiterin in der Entwicklung neuer Technologien und führend in den Natur- und Sozialwissenschaften. Von Medizin über Management bis hin zu Leadership – die Forschungszentren der TUM decken die gesamte Bandbreite der Weiterbildungsdisziplinen ab. Wir schöpfen aus ihrem Wissen und übertragen Spitzenforschung auf die Bedürfnisse von Menschen und Organisationen aus der Praxis.

02

2

Study in small groups

with individual feedback to dive deep into technology and innovation management.

Inhalte, Lehre und Design unserer Programme sind von einem werteorientierten Ansatz geprägt – und folgen unserer Überzeugung: Nur mit einer verantwortungsbewussten Denkweise lassen sich aktuelle und zukünftige Herausforderungen unserer Gesellschaft effektiv und nachhaltig bewältigen.

03

3

Discover the latest technological trends

and their impact on modern management and learn about innovation and entrepreneurship

An der TUM entwickeln wir neue technologiegestützte Lehr- sowie Lernmethoden und integrieren diese in unsere Weiterbildungsprogramme. Dabei haben wir stets die Bedürfnisse unserer Teilnehmenden im Blick. Mit einem strukturierten und individualisierten Lernansatz, helfen wir ihnen dabei, ihr volles Potenzial auszuschöpfen.

04

4

Gain international experience

and be part of a diverse group of young professionals.

05

4

Apply your knowledge

in real projects in different companies and organizations

06

4

Benefit from a number of additional offers

to enrich your profile and increase your attractiveness for your future employer

Die TUM verfügt über ein einzigartiges Netzwerk: Die Universität arbeitet mit führenden Forschungseinrichtungen, renommierten Unternehmen und zukunftsweisenden Start-ups zusammen. In unseren Weiterbildungsprogrammen fördern wir den interdisziplinären Austausch und vernetzten unsere Teilnehmenden und Alumni mit Partner:innen aus Akademia und Wirtschaft.

Choose between four different tracks

Whether in the TUM track in Heilbronn and Munich or as a double degree with our renowned partners in Paris, Calgary or Brisbane, the Master in Management & Innovation offers the perfect program for you as a young professional

Master Degree

TUM Track

Locations: Heilbronn & Munich

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What to expect

Kick off with courses in general management at TUM Campus Heilbronn.
Take additional classes, such as language courses or personal & career development.
Apply your knowledge to a real-life project in a family-run business in the Heilbronn-Franken region.
Gain international experience during an exclusive study trip module to Finland (destination is subject to change).
Complete an internship.

Details

Why Heilbronn?

Located in the center of Heilbronn-Franken
Known as the “region of world market leaders”
Large number of innovative, family-led small and medium-sized enterprises
Connecting two of Germany/Europe’s most important economic regions: Munich and Heilbronn
Focusing on the management of digital change, the TUM campus Heilbronn closes a major gap by building connections with family-run businesses
Close cooperation with local, family-run businesses that are hidden champions in the high-tech sector and important players in the economy.

Master Double Degree

HEC Paris

Locations: Paris & Munich

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What to expect

Gain a double degree from two of Europe’s most renowned universities: TUM and HEC Paris.
The Master in Management program at HEC Paris was ranked second in the world by the Financial Times in 2017.
Spend your first two semesters at HEC Paris taking courses in general management such as Financial Accounting, Marketing or Operations & Supply Chain Management.
The courses are complemented by language classes, networking events and other extracurricular activities.

Details

Why HEC Paris?

HEC is one of the world’s leading business schools
Master in Management program was ranked second in the world by the Financial Times in 2017
Cutting-edge research in all fields of management science that is tested in real-world contexts and is constantly updated and fully aligned with the expectations of the business world
Extremely close relations with the corporate world, providing its students with thousands of opportunities (e.g. five international job fairs, numerous professional workshops, mentoring with alumni, conferences with prestigious guest speakers and CEOs, and business games and academic awards sponsored by leading international companies)
One of the most powerful Alumni Associations in Europe with more than 52,300 members in 132 countries

Master Double Degree

University of Calgary

Locations: Calgary & Munich

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What to expect

Create your transcontinental profile by earning degrees from the University of Calgary’s Haskayne School of Business and TUM within 2 years.
Haskayne is ranked among the top 10 business programs in Canada by Maclean’s.
Spend your first year in Calgary developing a comprehensive knowledge of business essentials & making connections in the Canadian business community.
Grow your skills through networking events, live case studies, and mentorship.

Details

Why University of Calgary?

Haskayne is among the top Canadian business programs
Career development is embedded into the program, including workshops and a dedicated career coach to help define your career goals, establish your personal brand and facilitate experiential learning opportunities with real companies
Calgary has a low cost of living and is consistently ranked as one of the most liveable cities in the world.
Living in Calgary allows you to enjoy city life and the outdoors with a thriving arts and culture scene all just an hour’s drive from the Rocky Mountains.
Calgary has the highest head office concentration in Canada and is a growing epicenter for the tech industry.

Master Double Degree

University of Queensland

Locations: Brisbane & Munich

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What to expect

Study at The University of Queensland – Australia’s leading university, ranking #1 in innovation and entrepreneurship domestically, and one of the world’s top 50 universities.
Gain the skills to lead innovation, harness the power of technology and apply the latest thinking to improve business productivity and global competitiveness, and create change.
Spend your first two semesters in Brisbane undertaking courses in accounting, management, strategy and innovation courses.
The Master of Entrepreneurship and Innovation will teach you about understanding the role of entrepreneurship and innovation in modern business and the benefits they create, including better communities.

Details

Why University of Queensland?

UQ Business School leads the agenda in business learning, innovation and impactful research. Our mission is to educate, inspire, engage and enable courageous, sustainable and socially responsible business practices, enriching our communities.
Ranked #1 in Queensland for business and management (QS World University Rankings 2023)
The University of Queensland (UQ) is one of Australia’s leading research and teaching institutions. We strive for excellence through the creation, preservation, transfer and application of knowledge. For more than a century, we have educated and worked with outstanding people to deliver knowledge leadership for a better world.
UQ is passionate about enriching its entrepreneurial ecosystem and creating leaders of the future. As a double degree student, access a wide range of entrepreneruship programs which are available to completment your studies and to help you build a network, take on new challenges and bring your ideas to life.
Upon graduation, you’ll have a globally recognised qualification that’s highly regarded by employers and gives you the skills to encourage innovation and entrepreneurship within any organisation, from a corporation, startup or research organisation to the public sector.

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What our alumni say

Within this program, you get the chance to work with companies and work on your projects, so that you can actually apply the information you learned in the lectures, instead of just studying for exams and putting that information down on paper.

During my 2nd semester of the Master in Management & Innovation, I worked with Schunk GmbH, which was my first experience working in a German company. At Schunk’s R&D lab, I chose the topic which was always close to my heart – automobiles and what the future of mobility would look like. And I learned more than that as I experienced what it is like to work the German way – the sheer will to innovate and the perseverance it takes to constantly be ahead.

From day one of my practical phase, Voith showed me that they were fully involved and that what I did was a real enrichment for them. They made me understand that my work would help the company to make real-life decisions in order to become more competitive. I think, good communication and the exchange of information were the key pillars of successful project development.

At the start of our project phase at Kärcher, we were introduced to the most important people from the robotics team who provided us with the materials we needed. Through group interviews, we gathered valuable information for working on the objective questions. There were weekly feedback meetings to ensure mutual knowledge exchange. And although we could not be on site due to ongoing contact restrictions, we received continuous support.

All tracks in details

Semester 1	Semester 2	Semester 3	Semester 4
General Management at TUM Campus Heilbronn	Project Work in a German company International Study Trip Internship	Innovation, Entrepreneurship & Technology Personal & Leadership Development Project Work in Munich	Master’s Thesis

Program start	Application deadline	Credits	Length of program
1x per year in winter semester	May 31 each year	120 ECTS	4 semesters, full-time

Language	Admission requirements	Location	Final qualification
100% English Fees 28.000 Euro	Bachelor’s degree in any field 12 months full-time work experience Proof of proficiency in English (TOEFL 88 or IELTS 6,5), alternatively: Bachelor’s degree held completely in English; native speakers need no proof A successful admissions interview	Semester 1 & 2: Heilbronn + Finnland* 3. Semester: Muich Semester 4: Heilbronn or Munich *Destination is subject to change	Master of Science (M.Sc.) by TUM

Language

Admission requirements

Location

Final qualification

100% English

Fees
28.000 Euro

Bachelor’s degree in any field
12 months full-time work experience
Proof of proficiency in English (TOEFL 88 or IELTS 6,5), alternatively: Bachelor’s degree held completely in English; native speakers need no proof
A successful admissions interview

Semester 1 & 2: Heilbronn + Finnland*
3. Semester: Muich
Semester 4: Heilbronn or Munich *Destination is subject to change

Master of Science (M.Sc.) by TUM

Semester 1	Semester 2	Semester 3	Semester 4
General Management at HEC Paris in Jouy-en-Josas, France	General Management at HEC Paris in Jouy-en-Josas, France	Innovation, Entrepreneurship & Technology Personal & Leadership Development Project Work in Munich	Master’s Thesis

Program Start	Application Deadline	Credits	Length of program
1x / year in September	April 14, 2025 (Please see application rounds)	30 ECTS credits per semester	4 semesters (2 years), full-time

Language	Admission Requirements	Study Locations	Final Qualification
100 % English Fees 38.875 Euro and 14,000 Euro to TUM *Subject to change.	Additionally: GMAT or GRE test result Two letters of recommendation	Semester 1 & 2: Paris Semester 3 & 4: Munich	Master of Science (M.Sc.) by TUM Master in Management Grande École Degree by HEC Paris

Language

Admission Requirements

Study Locations

Final Qualification

100 % English

Fees
38.875 Euro and 14,000 Euro to TUM *Subject to change.

Additionally:

GMAT or GRE test result
Two letters of recommendation

Semester 1 & 2: Paris
Semester 3 & 4: Munich

Master of Science (M.Sc.) by TUM Master in Management Grande École Degree by HEC Paris

Semester 1	Semester 2	Semester 3	Semester 4
General Management at Haskayne School of Business in Calgary, Canada	General Management at Haskayne School of Business in Calgary, Canada	Innovation, Entrepreneurship & Technology Personal & Leadership Development Project Work in Munich	Master’s Thesis

Program Start	Application Deadline	Credits	Length of program
1x / year in September	February 1, 2024 (For application start, profile & CV. Some documents may be submitted later)	33 units in Calgary + 60 ECTS at TUM	4 semesters (2 years), full-time

Language	Admission Requirements	Study Locations	Final Qualification
100 % English Fees 47,070 CAD to Haskayne* and 14,000 Euro to TUM *Subject to change.	Additionally: Either a minimum GPA of 3.30 (or international equivalent) or a GMAT score Undergraduate courses in economics, statistics, mathematics, or psychology highly recommended	Semesters 1 & 2: Calgary (Canada) Semesters 3 & 4: Munich	Master of Science (M.Sc.) by TUM Master of Management by Haskayne School of Business, University of Calgary

Language

Admission Requirements

Study Locations

Final Qualification

100 % English

Fees
47,070 CAD to Haskayne* and 14,000 Euro to TUM

*Subject to change.

Additionally:

Either a minimum GPA of 3.30 (or international equivalent) or a GMAT score
Undergraduate courses in economics, statistics, mathematics, or psychology highly recommended

Semesters 1 & 2: Calgary (Canada) Semesters 3 & 4: Munich

Master of Science (M.Sc.) by TUM Master of Management by Haskayne School of Business, University of Calgary

Semester 1	Semester 2	Semester 3	Semester 4
Entrepreneurship and Innovation at The University of Queensland, Brisbane, Australia	Entrepreneurship and Innovation at The University of Queensland, Brisbane, Australia	Innovation, Entrepreneurship & Technology Personal & Leadership Development Project Work in Munich	Master’s Thesis

Program Start	Application Deadline	Credits	Length of program
1x / year in July	We recommend applying early. UQ can consider applications up to 2 years in advance. You must leave enough time for UQ to process your application and issue an offer, and for you to organise your student visa.	16 units in Brisbane (equivalent to one year of study) + 60 ECTS at TUM	4 semesters (2 years), full-time

Language	Admission Requirements	Study Locations	Final Qualification
100 % English Fees 48,160 AUD to UQ* (as of January 2024) and 14,000 Euro to TUM *Subject to change.	Bachelor’s degree in a relevant discipline, or bachelor’s degree in any field plus 3 years of full-time equivalent relevant work experience GPA of 4.5 on a 7-point scale in their previous qualification meet the UQ stated English Language Proficiency requirement Detailed information	Semesters 1 & 2: Brisbane (Australia) Semesters 3 & 4: Munich	Master of Science (M.Sc.) by TUM Master of Entrepreneurship and Innovation (MEI) by UQ

Language

Admission Requirements

Study Locations

Final Qualification

100 % English

Fees
48,160 AUD to UQ* (as of January 2024) and 14,000 Euro to TUM

*Subject to change.

Bachelor’s degree in a relevant discipline, or bachelor’s degree in any field plus 3 years of full-time equivalent relevant work experience
GPA of 4.5 on a 7-point scale in their previous qualification
meet the UQ stated English Language Proficiency requirement
Detailed information

Semesters 1 & 2: Brisbane (Australia) Semesters 3 & 4: Munich

Master of Science (M.Sc.) by TUM Master of Entrepreneurship and Innovation (MEI) by UQ

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Learning Content

You will learn how to

combine knowledge from different disciplines – business administration, innovation, entrepreneurship – and apply it in key business activities.
recognize the potential of innovations and technological trends within organizations and implement them in new business processes.
act with an entrepreneurial mindset to define strategies and achieve financial targets.
analyze strategic decisions and apply the tools of modern strategic management for successful decision-making. – present and communicate professionally.

Find here the learning goals at a glance (PDF).

Study Objectives

Upon completion of this program you will

be experts in linking engineering, natural science or social science and management.
have general business knowledge.
be problem-solvers for complex business issues.
be responsible leaders.
be leaders in a global world.

The Master in Management & Innovation teaches you the skills you need to be an innovation manager. It gives you the know-how to apply those skills in business administration in various technological settings. You will discover how to build smart solutions at the interface of management and technology, and work as part of an international and interdisciplinary team.

Study Content

TUM Track

1. Semester: Heilbronn

Strategic Management & Economics

Learn how to apply the basic concepts, tools and methods of strategic management
Analyze different business strategies and strategic options and apply them to situations in real business life
Predict opportunities and risks depending on a specific economic context

Operations & Supply Chain Management

Understand the basics of operations and supply chain management and to apply them to different contexts and organizational structures
Outline strategic and organizational risks in value-chains as well as different situations of operations management
Work on topics like Performance Analysis and Benchmarking, Forecasting, Workforce Planning and Scheduling
Dive deep into Logistics & Inventory Management

Financial Accounting

Learn more about the construction of individual and consolidated financial statements according to International Financial Reporting Standards (IFRS)
Evaluate the future changes technological innovations will bring to accounting
Describe which enterprises have to prepare consolidated financial statements and which subsidiaries have to be included

Financial Management

Understand the principles of financial markets and of evaluating different forms of investment
Compare different forms of investments and analyze investment projects to determine the optimal capital structure for projects and businesses
Analyze cost of capital, corporate valuation, capital budgeting and capital structure
Apply basic methods of risk management and value-based management

International Management & Intercultural Collaboration I

Identify and analyze challenges and problems in multinational enterprises
Communicate business and scientific topics in intercultural and international environments
Learn how to operate with diverse cultural perspectives, especially in China

2. Semester: Heilbronn and Finland (subject to change)

Project Work

Acquire hands-on experiences by working in student groups with family-owned companies (hidden champions) on a particular assignment
Independently define the structure of the project and employ your methods and theories to develop results of practical value for the companies

International Management & Intercultural Collaboration II

Learn more about the social and economic dimensions of Finnish management (subject to change)
Monitor chances and risks of international management in Finland (subject to change)

Doing Business Abroad

Enrich and complement your profile with deep insights and practical implementations on how doing business in an international context
Handle and develop a task for an international company in a systematic and scientific way
Learn how to cope in an international working environment with new and complex topics and to develop solutions

3. Semester: Munich

Innovation Prototyping

Understand the topic of prototyping in a technological context and their implications for products and markets
Learn how innovations can be developed within an organization and how to create prototypes for innovative ideas
Analyze customer feedback and evaluate its implications for innovation development
Experience how to develop ideas in more focused manner, understand problems and ideas better, and advance your ideas faster when tackling new business challenges

Technological Trends

Get to know new and upcoming technological trends from various research areas of different TUM departments
Visit labs to get an insight impression as well as a feeling for the current state of research
Learn how to analyze the trends as well as their implications for organizations or society as a whole as well as political dimensions

Growth Strategies & Business Models

Understand the process of market opportunity identification and evaluation in the context of new technologies
Practically apply this understanding by developing commercialization scenarios and strategies for early stage technologies
Create theoretical conceptualizations from the practically experienced underlying opportunity identification and evaluation process

Project Work

Acquire hands-on experience by working in student teams within companies on a particular assignment
Handle and develop a real-world project in an (international) team in a systematic way

Personal & Leadership Development

Learn the relevant theories and models of lateral leadership
Reflect on your current behavior, define development goals and further discuss and reflect them
Learn how to give and receive feedback in an appropriate way within a business context

4. Semester: Munich or Heilbronn

Master´s Thesis

Double Degree Tracks

1. Semester: Paris, Calgary or Brisbane

General Management I

Business Performance Management
Company Law
Corporate Finance
Decision and Data Modeling
Financial Accounting
Financial Economics
Financial Markets
Leading Organizations
Marketing
Methods of Cost Analysis
Operations & Supply Chain Management
Statistics
Strategy

2. Semester: Paris, Calgary or Brisbane

General Management II

Business Performance Management
Company Law
Corporate Finance
Decision and Data Modeling
Financial Accounting
Financial Economics
Financial Markets
Leading Organizations
Marketing
Methods of Cost Analysis
Operations & Supply Chain Management
Statistics
Strategy

3. Semester: Munich

Innovation Prototyping

Understand the topic of prototyping in a technological context and their implications for products and markets
Learn how innovations can be developed within an organization and how to create prototypes for innovative ideas
Analyze customer feedback and evaluate its implications for innovation development
Experience how to develop ideas in more focused manner, understand problems and ideas better, and advance your ideas faster when tackling new business challenges

Technological Trends

Get to know new and upcoming technological trends from various research areas of different TUM departments
Visit labs to get an insight impression as well as a feeling for the current state of research
Learn how to analyze the trends as well as their implications for organizations or society as a whole as well as political dimensions

Growth Strategies & Business Models

Understand the process of market opportunity identification and evaluation in the context of new technologies
Practically apply this understanding by developing commercialization scenarios and strategies for early stage technologies
Create theoretical conceptualizations from the practically experienced underlying opportunity identification and evaluation process

Project Work

Acquire hands-on experience by working in student teams within companies on a particular assignment
Handle and develop a real-world project in an (international) team in a systematic way

Personal & Leadership Development

Learn the relevant theories and models of lateral leadership
Reflect on your current behavior, define development goals and further discuss and reflect them
Learn how to give and receive feedback in an appropriate way within a business context

4. Semester: Munich

Master’s Thesis

Understand the basics of operations and supply chain management and to apply them to different contexts and organizational structures
Outline strategic and organizational risks in value-chains as well as different situations of operations management
Work on topics like Performance Analysis and Benchmarking, Forecasting, Workforce Planning and Scheduling
Dive deep into Logistics & Inventory Management

Downloads

Flyer Master in Management & Innovation – all Tracks

Flyer

Your Contacts

Jennifer Weißenberger
Admission & Recruitment Manager

Phone: +49 89 289 26767
E-Mail: youngprofessionals@lll.tum.de

Contact

Pola Ghatas
Program Manager TUM Campus Heilbronn

Phone: +49 7131 26418-311
E-Mail: mimi@chn.tum.de

Contact

Anna Lehnhoff
Program Manager

E-Mail: mimi@chn.tum.de

Contact