Study Program Details
Specialization
In each specialization, IMME prepares students for the future challenges of these specific areas of management. Using mathematical tools, strategic planning, and psychological insights, IMME helps students to understand the numbers, games, and people that affect businesses and organizations around the world. Students can choose between a wide variety of compulsory elective modules and gain this way their specialization.
Students graduating from IMME with a specialization in International Management develop a comprehensive understanding of strategic decision-making, including strategy formulation and implementation used within multinational corporations. Students gain insights into cultural challenges faced in international business situations and develop a broad skillset to deal with them successfully. Moreover, the International Management specialization provides students with extensive knowledge on how to manage innovation in developed markets as well as emerging markets. The acquired competencies prepare IMME graduates for careers in strategy departments of national and multinational corporations on the upper and top management level, in strategic consultancies, and in business development at new ventures as well as established corporations.
The Marketing specialization in IMME provides students with a thorough mathematical understanding of marketing research and analysis, including the evaluation of communication. Moreover, IMME graduates with a Marketing specialization accumulate detailed knowledge in the fields of consumer behavior, interactive marketing, and market research. The competencies acquired in this IMME specialization qualify graduates for upper and top-level jobs in market research and marketing management, both at locally and globally operating corporations.
The IMME graduates with a specialization in Entrepreneurship acquire comprehensive knowledge in planning, creating, and successfully growing businesses. The underlying mathematical and game-theoretic structure provides students in the Entrepreneurship specialization with the scientific tools needed to create sustainable social and for-profit enterprises. The competencies acquired in this IMME specialization qualify graduates both for leading roles in start-ups as well as upper and top-level jobs in business expansion and venture capital units of globally operating corporations.
Structure
Compulsory module studies with 15 ECTS (International Corporate Strategy, Business Decision Making, and Marketing Methods), 5 ECTS in Scientific Work.
Compulsory elective modules in specialization with minimum of 60 ECTS, including a two seminars (2x10 ECTS), or including one seminar (10 ECTS) and one scientific project (15 ECTS), supplement modules with 10 ECTS. Supplement modules may gained from the field of KoMeT, which is a module recognizing Competencies-and Methods-Training. A list of recognized options and requiremnts is provided by the faculty's module description.
Compulsory elective studies can be chosen from the following list of specialization fields and offered modules. A mix is common.
International Management
Marketing
Entrepreneurship
Please note:
The finale (4th) semester is reserved for the master’s thesis writing module and master’s thesis seminar (30 ECTS). Here candidates must demonstrate their ability to work independently on a selected topic using scientific methods in order to be successful.
* 1 ECTS stands for a workload of 30h (5 ECTS = 150h per module, goal 30 ECTS per semester)
Requirements
Applicants must prove a GPA starting from 1.0 but not higher than 2,9 in regard of the German grading system, and from a relevant undergraduate degree (finance, business, economics) from a university recognized in Germany. Strong knowledge in advanced mathematics and statistics is a pre-condition to admission to our master's study program.
An academic degree is considered relevant with:
a minimum of 60 ECTS ( EU degrees) or 12 modules (Non-EU) in: economics, business administration courses plus
15 ECTS (EU degrees) or 4 modules (Non-EU) in quantitative methods for economists and managers (mathematics, statistics, econometrics, operations research, ....).
Letter of Motivation
A letter of motivation with a maximum of 450 words is mandatory for application submission. The letter has to include the following aspects:
- Personal skills and capabilities helpful for the requested graduate study
- Expectations regarding study program content, methods, and the process
- Importance of the study program for the future professional or academic career
ENGLISH
The language of instruction and assessment in our full-time master's study program is exclusively English. Students must demonstrate fluent written and spoken English on C1 level, such as the knowledge and skills necessary to complete academic papers. English Test Options
We recommend higly knowledge of German at the level A2 in order to solve administrative duties in Germany or doing an internship in Germany: However, German skills are not an admission requirement for our English study program. Germn studies must be procedded to be ready for the german job market (B2).
Internationality
- English instruction and examination,
- Content of modules and international guest lecturers (from Brazil, Finland, Nederlands, China, USA, Ukraine,...),
- Mixture of local and international students currently 70 from ca. 30 countries worldwide,
- Study abroad options for the 3rd semester,
- Support by the university's International Office,
- A nice community of German and international students supported by student organizations.
Counseling
The university has a variety of offices to support students during their studies, including workshops and personal counseling. Specifically, this program gives its students the opportunity to visit the International Study Program (ISP) Office to receive personal counseling regarding study organization and advice. At the beginning of the winter semester, an academic orientation seminar is offered. Additionally, multiple presentations are held for students by students SIMP-SON about university life and integration into German society.
Career
The IMME master's study program is suitable for recent graduates willing to acquire a broad range of management skills for careers in the public and private sectors both nationally and internationally. These students may also wish to work in foreign or multi-national companies, private or public enterprises of the industrial and service sectors, or continue their studies with a doctoral program.
The IMME program and the range of skills it provides have proved attractive to employers in a wide variety of industries. Most of our graduates in Management make practical use of their scientific, management, and economics knowledge in fields such as general management, management consulting, business policy advising, entrepreneurship, and financial management. Career opportunities also cover fields like organizational behavior, international management, and HR management. If you would like more information about career services, internships, job search counseling, job interviews, etc., please visit the Career Service Center which is an institution of Otto-von-Guericke University.
Study Abroad
Our faculty fosters well-established relationships with reputable universities in many countries. If a graduate student wishes to study abroad for one semester (the third semester is suggested), we will be happy to advise him/her and provide credit transfer counseling. Travel grants may be available on an individual basis and must be applied for. For detailed information and counseling, please visit the homepage of the International Office and the international exchange portal OVGU FEM's International Cooperation
Internship
There are no compulsory internship requirements; however, graduate students are encouraged to complete at least one internship over the course of their studies. This helps students gain experience within a German or international workplace environment. Internships must be self-organized. AIESEC, IAESTE, and Leonardo provide opportunities and assistance to both German and international students.
A brief introduction to the educational system in Germany
The university system in Germany is based on a strong self-organizing structure, which includes familiarizing yourself with the study handbook and regulations. Students should be very responsible, organized, and flexible to ensure that they can finish the program successfully. A typical study week involves approximately seven lectures of 90 minutes each, plus two or three tutorials. Prior to and after attending lectures, students are required (approx. 3 hrs/wk per class) to independently study in order to expand and reinforce their understanding of the material introduced in class.
Students must expect a weekly workload of 22 to 26 hours of classroom studies, including lectures to learn new concepts and methods, tutorials to discuss concepts and practice methods, and seminars to apply the knowledge of concepts and methods by writing an academic paper and giving a presentation in a teamwork project.
