Master in Management & Innovation

Shape the Future

Bridge the gap between

management & innovative technologies

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 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.

The Master in Management & Innovation

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CHOOSE FROM Three PROGRAM TRACKS

TUM Campus Heilbronn

TUM Campus Heilbronn

TUM TRACK

Location: Heilbronn, Munich

  • Kick off with courses in general management at TUM Campus Heilbronn.
  • Take additional courses in language or personal & career development.
  • Apply your knowledge to a real-life project at a family-run business in the Heilbronn-Franken region.
  • Gain international experience during an exclusive study trip module in China.
  • Complete an internship.
HEC Paris

HEC Paris

Double Degree:
HEC Paris

Location: Paris, Munich

  • 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.
Haskayne School of Business

Haskayne School of Business

Double Degree:
University of Calgary

Location: Calgary, Munich

  • 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 comprehensive knowledge of business essentials & making connections in the Canadian business community.
  • Grow your skills through networking events, live case studies, and mentorship.

Whichever track you take, you spend your third semester in Munich taking course modules such as Innovation Prototyping, Technological Trends and Growth Strategies & Business Models. You’ll further develop your personal and leadership skills and work on a real-life project in a startup or other enterprise in the Munich area. The fourth semester is dedicated to writing your Master’s thesis. Benefit from a number of additional offers to enrich your profile and increase your attractiveness to your future employer

Visit us at the e-fellows fairs:

Details

1st Class

Innovation Manager of the Future

50%

General Management

50%

Innovation, Entrepreneurship & Technology

1+1
TUM Track & Double Degree Options

JOIN OUR UNIQUE MASTER’s PROGRAM AND ENJOY MANY BENEFITS

  • Study in a small group with individual feedback
  • Dive deep into technology and innovation management
  • Discover the latest technological trends and their impact on modern management
  • Learn about general management, innovation and entrepreneurship
  • Apply your knowledge in real projects in different kinds of organizations
  • Gain international experience and be part of a diverse group of young professionals
  • Benefit from a number of additional offers to enrich your profile and increase your attractiveness for your future employer

At a Glance

TUM Track

Double Degree:
HEC Paris
Double Degree:
University of Calgary
Semester 1 & 2Semester 1
General Management
at TUM Campus Heilbronn

Semester 2
  • Project Work in a German company
  • International Study Trip
  • Internship
Semesters 1 & 2
General Management
at HEC Paris in Jouy-en-Josas, France
Semesters 1 & 2
General Management
at Haskayne School of Business in Calgary, Canada
Semester 3 & 4Semester 3
Innovation, Entrepreneurship & Technology
Personal & Leadership Development
Project Work in Munich
 
Semester 4
Master´s Thesis
Program Start1x / year in October1x / year in September1x / year in September
Application DeadlineAugust 15, 2022
(Please see application rounds)
April 20, 2022
(Please see application rounds)
March 15, 2022
(For application start, profile & CV. Some documents may be submitted later)
Credits30 ECTS credits per semester33 units in Calgary + 60 ECTS at TUM
Length of program4 semesters (2 years), full-time
Language100 % English
Admission Requirements
  • Bachelor´s degree in any field
  • 12 months full-time work experience
  • Proof of proficiency in English (TOEFL 88 or IELTS 6,5)
  • A successful admissions interview
Additionally:
  • GMAT or GRE test result
  • Two letters of recommendation
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
Final QualificationMaster of Science (M.Sc.) by TUMMaster of Science (M.Sc.) by TUM &
Master in Management Grande École Degree by HEC Paris
Master of Science (M.Sc.) by TUM & Master of Management by Haskayne School of Business, Univ. of Calgary
Study LocationsSemesters 1 & 2: Heilbronn and China
Semester 3: Munich
Semester 4: Munich or Heilbronn
Semesters 1 & 2: Paris
Semesters 3 & 4: Munich
Semesters 1 & 2: Calgary (Canada)
Semesters 3 & 4: Munich
Fees28,000 Euros (twenty-eight thousand)38,875 Euros (thirty-eight thousand, eight hundred seventy-five)$47,070 CAD to Haskayne* and 14,000 Euros to TUM *Subject to change.

What will I learn?

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).

Learning Goals

Upon completion of this program our graduates 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.

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Events

Would you like to find out more about the Master in Management & Innovation, our Young Professional Program for the Innovation Managers of the Future at TUM School of Management? Then join one of our Virtual Info Sessions!

Structure

In the first two semesters you will get an overview of important general management topics. In the third semester, you will dive deep into innovation, entrepreneurship and technology.

TUM Track
  • Semester 1: Heilbronn
  • Semester 2: Heilbronn and China
  • Semester 3: Munich
  • Semester 4: Munich or Heilbronn
TUM Track

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

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 Chinese management
  • Monitor chances and risks of international management in China

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

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

Master´s Thesis

Double Degree Tracks
  • Semester 1: Paris or Calgary
  • Semester 2: Paris or Calgary
  • Semester 3: Munich
  • Semester 4: Munich
Double Degree Tracks

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

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

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

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

four study locations: depending on your chosen track

TUM Campus Heilbronn

  • Located in the center of Heilbronn-Franken
  • Known as the “region of world market leaders”
  • Great number of innovative, family-led small and medium-sized enterprises
  • Connecting two of Germany/Europe’s most important economic regions: Munich and Heilbronn
  • By focusing on the management of digital change, TUM Campus Heilbronn closes a major gap by building connections with family-run businesses. It enables close cooperation with the local, family-run businesses that are hidden champions in the high-tech sector and important players in the economy.
  • TUM Management Alumni: A lifelong network to boost your career

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

Haskayne School of Business, 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.

TUM Campus Munich

  • Munich is home to a large number of businesses, from startups to major corporations
  • Many national and international companies in industries such as automotive or management consulting have their head offices here.
  • UnternehmerTUM, the Technical University of Munich’s center for innovation and business creation, provides coaching, training courses and much more for startups.
  • The city itself offers a very high quality of life thanks to its buzzing cultural scene and stunning lakes and mountains nearby.

Downloads

APPLICATION

For more details on formal entry requirements, your applications processapplications rounds as well as step-by-step guidance, please check our admission page.

FAQ

Corona-related Inquiries

Germany has a very good network of clinics and hospitals and is therefore very well prepared to deal with Corona. One important fact to bear in mind is that Germany has the highest number of intensive care and hospital beds among all EU countries. Public health decisions in Germany are data-driven and statistics are regularly updated and publicly available through the Robert Koch Institute (updated daily).

We want to move forward in an educated way that gives students the best possible class experience while respecting government regulations and best practices for safety. That means our preference is to hold classes in-person, but we always have a digital back-up plan.

Yes. In terms of managing the public health challenges associated with Covid-19, Germany is considered to have done a good job. The healthcare network is well developed and the university is developing a hygiene concept so that classes can once again take place on campus in the near future. Future students should plan on coming to Germany and can feel safe doing so.

Admission and prerequisites Double Degree Track (HEC - Paris)

Internships can be accepted as work experience under the condition that your experiences during the internship(s) are content-related to the courses in the Master in Management & Innovation program and lasted for at least 3 months. Please note that for the Double Degree Track of the Master in Management & Innovation, you have until the 3rd program semester to document 12 months of full-time work experience.

Admission and prerequisites TUM Track

Please use your Letter of Motivation to add context to your CV, tell us your story, and explain why your experiences and goals align with this particular program at TUM. Why are you applying specifically to the Master in Management & Innovation? What experiences and qualities would you bring to the class that could enrich the learning process for everyone? Plan to write between 1 – 2 pages in English.

Teaching Evaluation

If you have any questions or if you want to evaluate an additional course, please contact Nadine Ertel under nadine.ertel@tum.de.

General and program information

You can find all information regarding the possibilities here 

Fees

The fees include the cost of instruction, coaching, workshops, arranged internships and projects with German companies (besides one internship at the end of the 2nd semester that students needs to arrange themselves), a 6-month membership to MakerSpace, breakfast/coffee on course days, company visits and excursions within Germany, and most course materials and readings.

Contact

We appreciate your interest in our Master in Management & Innovation program.

For a first consultation and questions related to the content and structure of the program, please get in touch with the Program Managers.

Do you have questions regarding the application process? Then get in touch with the Admission Manager.

Help & Contact
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How can we help you
Corona virus updates
for our Students

Charles Ewing
Program Manager, M.Sc. Management & Innovation, Campus Munich

49 89 289 26757
Charles Ewing

Dagmar Diemer
Program Manager, M.Sc. Management & Innovation, Campus Heilbronn

49 7131 26418-311
Dagmar Diemer

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