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

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.

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

Master Double Degree

HEC Paris

Locations: Paris & Munich

Master Double Degree

University of Calgary

Locations: Calgary & Munich

Master Double Degree

University of Queensland

Locations: Brisbane & Munich

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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

 

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

 

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

 

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

 

Download the overview

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

Your Contacts

Jennifer Weißenberger

Jennifer Weißenberger
Admission & Recruitment Manager

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

Contact
Ansprechpartner TUM Track Pola Ghatas

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