Master in Innovation and Entrepreneurship
Berlin, Germany
DURATION
24 Months
LANGUAGES
English
PACE
Full time
APPLICATION DEADLINE
31 Jul 2024
EARLIEST START DATE
Sep 2024
TUITION FEES
EUR 34,000
STUDY FORMAT
On-Campus
Introduction
In a fast-changing world, the ability to spot trends, formulate new business ideas, and drive innovation are invaluable skills, whether you want to find your startup or join an established market leader.
Learn how to build and scale a new business and disrupt established industries with innovative new ideas, or acquire the skills to implement new ideas or technologies into an existing global business in the Master in Innovation & Entrepreneurship from ESMT.
- Gain first-hand experience from the heart of Europe’s most vibrant startup ecosystem
- Start your own business in the first year of the program
- Build the necessary skills to become a corporate innovator
- Work with ESMT’s in-house incubator Vali Berlin
- Tailor the program to your career goals
ESMT Berlin is currently ranked #1 in Germany and #4 in Europe for Entrepreneurship in the Bloomberg European B-Schools Ranking.
Focus
Transform or build the business of tomorrow.
How You Benefit
- Tailor your learning experience to meet your career goals
- Start your own business during the first year of the program
- Build your network through Vali Berlin, ESMT's Entrepreneurship Hub
- Gain preferential access to corporate partners active in innovation
- Have the opportunity to join and advise startup founders through participating in the Creative Destruction Lab CDL
- Get Hands-on learning opportunities from experts
- Practice what you learn through internships and the Ideation Bootcamp
- Gain an 18-month residence permit to work in Germany.
Where the MIE Could Take You...
Corporate Innovator
You want to drive for and implement change but rather than heading to the world of startups, you want to bring your skills to established global businesses.
Become a corporate innovator and help businesses adapt, survive, and thrive.
Jump into a career as a:
- Chief Innovation Officer (CIO)
- New Business Development Manager
- Innovation Manager
Startup Entrepreneur
You want to start your own business and use your studies as a platform to help develop your idea, partner up with a co-founder, and expand the network that will help your startup thrive.
Become a startup entrepreneur and learn how to turn your idea into a successful, scalable business.
Jump into a career as a:
- Founder or co-founder of a new business.
Venture Capitalist
You are passionate about working with a variety of startups, identifying valuable opportunities, and using your skills to help new businesses grow.
Become a venture capitalist and develop promising new companies.
Jump into a career as:
- Associate, analyst, or partner at a venture studio.
Innovation Consultant
You want to advise different companies and start-ups as they seek to implement new ideas or overcome the challenges of growing and scaling.
Become an innovation consultant and help companies identify and leverage untapped opportunities.
Ideal Students
You are a perfect fit if...
- You are a young professional in your twenties with limited or no work experience and a creative mindset geared toward change and exploration
- You are eager to get hands-on experience, build your network, and prepare for a career in innovation. You might even have a startup idea that you want to develop
- You are interested in joining the world of innovation and entrepreneurship either as a startup founder, venture capitalist, innovation consultant, or corporate innovator
- You are a technologist who wants to learn how to turn new tools and tech into viable businesses and develop the skills to assess, analyze, and take calculated risks.
Admissions
Scholarships and Funding
ESMT’s master scholarships are here to help you make your international business career a reality.
Our scholarships are allocated based on academic excellence, personal and professional achievements, leadership potential, and interpersonal skills. Scholarships will be awarded to candidates with any background, although candidates from quantitative subject areas like science, technology, engineering, finance, economics, or mathematics are especially encouraged to apply.
To receive a scholarship, first apply to the master's program of your choice. During your completion of the online application, you will find an extra essay opportunity to explain your suitability for a scholarship. To receive the early application discount, no extra essay is required.
Curriculum
The Master in Innovation and Entrepreneurship program begins in September each year and lasts for 24 months. The full two-year program is worth 120 ECTS credits.
The program is split between foundational courses and advanced electives:
- Foundation courses covering the most important aspects of Innovation & Entrepreneurship
- Advanced electives delve deeper into specific industries and applications that will help you progress toward your career goals.
Term One
Core courses, including
- Business Economics
- Economics of Innovation & New Technology
- Financial Accounting
- Foundations of Entrepreneurship
- Foundations of Strategic Management
- Judgment Decision-making
- Platform Economics
Skills seminar
- Key Writing Skills
- Business Presentation
- Public Speaking
- Time Management
Term Two
Core courses, including
- Design Thinking
- Entrepreneurial Finance & FinTech
- Innovation Policy & Regulation
- Managing Organizations in a Global Context
- Marketing Management
- Operations & Global Supply Chain Mgmt
- Organizing for Innovation
- Vali Sustainability Bootcamp
Skills seminar
- Scrum
- Effective Virtual Collaboration
- Cross Cultural Management
- The Psychology of Conflict Resolution
Term Three
Summer Immersion
During the summer months, you will gain practical experience at an internship at a startup or by working on your own company during the Summer Entrepreneurship Program with Vali Berlin.
Term Four
Electives, including
- Data Science for Analytics
- Doing Business Sustainably
- Entrepreneurial Sales & Marketing
- Entrepreneurship with Language Models
- Int. Finance & Risk Management
- Investments I
- Investments II
- Marga Strategy Simulation
- Survey Design
- Sustainable Operations via Analytics
- The Data Scientist: Modern Tools
- Advanced Investment Strategies
Skills seminar
- Analytics Project Management
- Building Professional Networks
- Consulting
- Designing for Social Inclusion
- Human Rights in Business
- Innovation Project Management
- Storytelling
Practice experience
- Next - B2B Accelerator Program
- Creative Destruction Lab
- Corporate Innovation Project
Term Five
Electives
- Alternative Investments
- Ambidextrous Leadership
- Analytics Leadership
- Corporate Innovation
- Health Analytics
- Negotiation
- Optimization for Prescriptive Analytics
- Organizational Analytics
- Risk Modeling
- Social Entrepreneurship / Non-Profit Mgmt.
- Valuation
+ MGM and MAAI core courses
Skills seminar
- Applied Improvisation and Creativity
- Cyber Security
- Impact Consulting
- LEGO Serious Play
Practice experience
- Next - B2B Accelerator Program
- Creative Destruction Lab
- Corporate Innovation Project
Term Six
Master thesis
While working on your Master's thesis, you may seek the opportunity of a second internship and carry out your research with support from practitioners. Alternatively, particularly those who intend to pursue an academic career, you may opt for working on a thesis topic in close coordination with a professor’s research agenda.
Career Opportunities
The Master's programs at ESMT educate students in business applications, emphasizing an interdisciplinary link between business and technology. Throughout your program, you gain helpful insights into career development, have the opportunity to work in different organizations and develop a long-term career plan that fits your needs.
Career management is an integral part of the Master's program with regular seminars and workshops built in. From day one you will start working to improve your CV and interview skills. You will take part in company presentations and visits, as well as the annual ESMT Career Fair.
By the end of your program, you will have the necessary tools to plan your job search strategy, navigate your career path, build and activate your networks, and negotiate your desired salary.
Program Admission Requirements
Demonstrate your commitment and readiness to succeed in business school by taking the GMAT exam – the most widely used exam for admissions that measures your critical thinking and reasoning skills.
Download the GMAT mini quiz to get a flavour of the questions you’ll find in the exam.