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Full-time Master in Management (M.Sc.)

#2 in Europe for Salaries, Financial Times Masters in Management Ranking

Full-time M.Sc.

Program Start

Spring or Fall

Entry Requirements

Bachelor’s degree in Business Administration or equivalent with at least 180 ECTS credits
Very good skills in English (e.g. TOEFL)
At least 3 months practical experience

Application Deadlines

January 15 (Spring)
June 20 (Fall)

Deadline non-EU (due to visa processing)
November 15 (Spring)
May 30 (Fall)

Program Length

21-24 months



Practical Experience

1 mandatory internship (2nd optional) 
Student consulting project

Language of Instruction

100% English

International Perspective

Mandatory term abroad
Over 120 partner universities
Double degree


Financial Times Masters in Management Ranking 2015:
#17 Master in Management worldwide 
#2 in Category Salary in Europe 

Founder's Association for German Science Start-up Radar 2013:
Germany’s best entrepreneurial university



10/03/2015 - 02/26/2016 Get a taste: HHL Round TablesGet a taste of one of the best German Business Schools – meet our students and alumni Read ›
10/09/2015 Get a taste: HHL Master Information Day in LeipzigGet a feeling for HHL on-site! Read ›
10/10/2015 Intensive GMAT Seminar in Leipzig Read ›
10/31/2015 Preparation Seminar for the HHL Entry Test Read ›
12/11/2015 Handelsblatt Business School Talk, CologneSeize the Opportunity at Management and Supervisory Boards – Strategies for Women and Men in Business Read ›
Do you wish a personal consultation?
I'm here for you.

Annegret Zettler

T +49 341 9851-613


Contact me!

Program Structure

A curriculum that fits your needs

HHL's Master in Management is perfectly structured to meet your individual needs. Compulsory core modules will deepen your general management knowledge and your understanding of business and economics. Furthermore, you will gain state-of-the-art leadership skills and practical experience because HHL always emphasizes on the close connection between theory and practice. Thus, the core modules include student consulting projects in cooperation with business partners in the region and beyond. Our elective modules allow you to compose the program according to your interests. They provide you with advanced management knowledge and skills. You can choose four out of eight options for professional specialization.

Programm Schedule

Year 1
Term 1* (Spring/Fall)Term 2 (Summer/Winter)Term 3
Term 4
Core CoursesInternshipCore Courses and ElectivesRecess (Buffer for Study Abroad)
* Intake in March or September

Year 2
Term 5   (Spring/Fall)Term 6
Term 7
Term 8 (Winter/Summer)
Study Abroad Optional: Internship or Master Thesis** Core Courses and Electives Master Thesis
** If you choose to write your Master Thesis in term 6, you are able to finish your studies within 21 months.

Core Modules

FinanceInternational MacroeconomicsProblem Solving & CommunicationMicroeconomics of Competitiveness Field Project
Managerial & International Financial ReportingResearch MethodsInternational Management 
Business EthicsInternship
Marketing & Customer Relationship ManagementMicroeconomicsNegotiationGlobal Governance & Corporate Social Responsibility
LogisticsFinancial EconomicsLeadership ExperienceCorporate Governance
Management of Organizations

Elective Modules

Corporate Finance                                  Advanced International Financial ReportingConsumer Behavior & Marketing ResearchIT-based Logistics
Corporate ValuationConsolidated Financial StatementsMarketing Strategy & Brand ManagementBusiness Process
in the Field of E-Logistics
Risk ManagementFinancial AnalysisEfficient Marketing Mix Planning Supply Chain Management
Seminar in FinanceService & Retail Marketing Seminar Intelligent
Logistics & Supply Chain Management
Innovation ManagementCorporate Strategy and Growth                                                            Decisions and Games                                  Courses of the remaining modules                   
Social EntrepreneurshipBusiness StrategyMarkets, Information & Incentives
Corporate Innovation Seminar / Business Design and Business Plan SeminarFamily Business ManagementEnviromental & Resource Economics
Regulation and Compliance

German Language Courses

If you are interested in German companies after graduation, it is never too early to start learning German. As statistic shows, employers in Germany very often require good language skills from M.Sc. graduates and even if you are not planning to stay, why not use the time spent in Leipzig to practice a new language.

At HHL, you will have an opportunity to choose from several courses running throughout the program. For those who want to use the lecture-free time to study the language more intensively, there is an intensive beginner course offered in August. You will find the detailed information about our language courses in the downloads at the end of this section. 

For registration please use: germancourse(at)hhl.de

Student Consulting Projects

Within the module “Student Consulting Projects” you have the chance to take on the role of a company consultant and apply the concepts you have learned to actual business practice. By working on a field (consulting) project, you will gain insights into high-performing companies and help them solve critical business issues. HHL offers you a variety of challenging projects, with multinational companies as well as start-ups and local companies, e. g.



The M.Sc. Faculty – World-class Business and Teaching Experience

HHL’s M.Sc. faculty is a carefully selected combination of full-time resident professors and international guest professors from top universities who bring a wealth of international experience to the classroom. They have taught at MIT, Stanford, the University of Chicago and other prestigious universities. They are at the forefront in their respective fields and enhance our reputation as a leading business school. In order to bring together the academic element with the state-of-the-art business experience, several courses are taught by business professionals with an outstanding track record of expertise in their subjects.


"As I was looking for a challenging experience with an international perspective, I particularly enjoy the entrepreneurial spirit of HHL. Our courses are not only diverse in content, but also in form and approach. Moreover, the school’s small size endows us with a proactive, dynamic and resourceful administration, attentive to our individual progress and needs. This “small family” spirit perfectly contrasts with a “big family” feeling thanks to the alumni community. Besides, Leipzig is a beautiful city, a reflection of the pleasant atmosphere at HHL."

Estelle Zanga, M.Sc. student

Class Profile

Being part of a lifelong network

HHL’s full-time M.Sc. in Management students are ambitious and want to enhance their knowledge and skills to work for leading organizations around the world.

Therefore the class bonds together by sharing experiences and interacting in a dynamic learning environment: the variety of nationalities and previous experiences not only broadens perspectives and enhances class debate and discussion, but ultimately provides our students with a close-knit, internationally diverse professional network.

Class Statistics

Average age: 24
Age range: 21 - 27
Class size: 45
Percentage of woman: 29 %
Average work experience: 1.5 years
Percentage of international students: 33 %
Nationalities represented: e.g. Austria, Cameroon, China, Costa Rica, Germany, India, Italy, Libanon, Norway, Romania, Slowania, Spain

Student Backgrounds


Outside the box – gain international experience

International competence is essential for a business leader. Global partnerships are therefore one of HHL’s key assets. We serve our selective number of students with over 120 partner universities around the globe.

In order to keep abreast of current international, social, and economic challenges, a term abroad is integrated into the M.Sc. curriculum. It is also possible to earn an additional degree at selected partner universities (double degree). The courses taken abroad will be part of the student’s performance record and are given an equal value considering the overall grades at HHL.

Double Degree Options

If you opt for a second degree, you will take your regular program at HHL (incl. the semester abroad) and 1 additional semester at the chosen partner university. This is usually done by studying the first semesters at HHL and then adding the necessary time to the mandatory term abroad for M.Sc. students.

Opting for a second degree will cause an extension of the standard period of study as well as additional costs.
The places are limited and will be allocated within the regular nomination process of all outgoing students by using the student ranking.
The master thesis must be written at the home university. The final transcripts will be handed out to you by the home university after completing both programs.

Please note that as an HHL student you have ample time to decide on your study abroad destination or your second degree option as the placement will be done at the end of your first term at HHL.

MBA students who would like to earn a second degree have to choose the semester abroad as an elective and then continue their studies as long as necessary to earn the second degree abroad.

If you are interested in a second degree you have to meet the following requirements:

  • GMAT score of at least 600
  • Meet the qualifications set by the partner university regarding minimum age and/or work experience and language skills.

HHL Partner Universities with Second Degree Options
Australia - University of Adelaide
Costa Rica - INCAE, Alajuela
France - ESC Grenoble
France - ESC Montpellier
France - ESC Toulouse
France - Audencia Nantes
Japan - Nagoya University of Commerce
Norway - BI Norwegian Business School
Peru -Universidad esan
Taiwan - National Chengchi University, Taipeh
USA - Tulane University, A.B. Freeman School of Business, New Orleans


"At Peking University I gained a valuable insight into China’s political and socioeconomic development. The experiences and connections I made here will better enable me to pursue an international career. Moreover, my stay in China allowed me to cultivate my interest for history, gain new culinary experiences and make friends for life."

Fredrik Sundklakk, M.Sc. student


Your path to success – tailor-made service

An individual Career Service at HHL is regarded as a key element to our students' success. From the date of admission to the Master in Management to the placement of a successful job application – we will support you.

Career Service

Leading international firms regularly recruit HHL graduates on campus – both for internships and permanent positions. Therefore, the majority of the students have several employment offers, even before graduation.

Our service does not end with your HHL graduation. We continue to support our graduates with our postgraduate career service.

Personal DevelopmentAssessment tests
Intercultural training
Individual Career StrategyCompany presentations
Consultation projects
Application PreparationCV & cover letter writing
Interview preparation
Case study training
Job SearchOn-campus recruiting
HHL Online Recruiting Platform
Résumé Book


Expand your professional network during your master studies at HHL

The world of business is at your fingertips – just waiting to be explored. This is why a mandatory internship is included in the curriculum of the M.Sc. Program, a second one is optional. The first internship carries credits towards your Master's degree at HHL and is therefore required of all students. This allows you to gain experience in different companies or branches and therefore improve your career entry options. It is quite common, that HHL students get a job offer after their internship. Our Career Service will help you to define which internship would complement your studies and actively assists you by personal consultations.

Corporate partners (e.g.) where our students passed their internships:

Roland Berger Strategy ConsultantsP&GA.T. Kearney
OC&C Strategy Consultantsarvato/BertelsmannSiemens Management Consulting
DHL Inhouse ConsultingDeutsche BankHitFox
Mister SpexFutalisLazard
Coffee CircleHilti

Placement Statistics

One-third graduates entered into Start-up / Family business in 2014. This was a drastic increase in comparison to previous years (3.1 % in 2013). As the consulting sector was also preferred by one-third graduates, it still remained one of the most popular sectors. This shows that these two sectors were equally popular in 2014. With 14 % graduates preferring Finance / Auditing / Accounting, it was the next popular sector.

Average starting salary: EUR 57,000
Employment rate 3 month after graduation: 95% 

Full-time M.Sc. Placement (M.Sc. class of 2014)

Start-up Opportunities

More than 150 start-ups have been founded by HHL graduates in the last 13 years making HHL one of the most entrepreneurial business schools in Germany.

Selected by the Financial Times as #1 school for Entrepreneurship in 2011 and 2012, HHL is developing its entrepreneurial activities even further, supporting all interested students in already developing their business ideas in the course of the program.

We regularly invite entrepreneurs as well as investors and other key players of the start-up scene to share their experiences with our students. Additionally, the student initiative Accelerate@HHL regularly organizes visits to start-up companies.

Selected HHL start-ups


Become a member of HHL: Join our next M.Sc. class!

Admission to the Master Program in Management (M.Sc.) at HHL is highly competitive. If your application meets the requirements you will be invited to an Admission Test Day at HHL.

For international candidates we offer telephone interviews as an equivalent. Those candidates have to submit GMAT, TOEFL and recommendation letters along with all other application documents.

Admission Criteria

  • Bachelor’s degree in Business Administration from a university with a minimum of 180 ECTS-credits or equivalent degree with above average results
  • Min. of 3 months relevant practical experience
  • GMAT (we expect a GMAT score of at least 600, to be submitted by the start of the program at the latest)
  • TOEFL (to be submitted by the start of the program at the latest)
  • Knowledge of a second modern foreign language (besides English and mother tongue)

Application Documents

Applicants have to submit the following application documents:

  • Curriculum vitae
  • Letter of motivation
  • Copy of general qualification for university entrance
  • Current / final transcript of an above-average Bachelor’s degree in Business Administration from a university with a minimum of 180 ECTS-credits or equivalent degree *
  • Proof of a minimum of 3 months relevant practical work experience*
  • Proof of very good skills in English (e.g. TOEFL of 96+ ibt) and basic knowledge in a second modern foreign language besides mother tongue*
  • 2 letters of recommendation*
  • GMAT result**
  • Passport photo

* These documents can be handed in during the admission process.
** Those who have passed the Admission Test at HHL and got accepted without any further requirements may submit their GMAT result by the start of the program.

Application Deadlines

Spring intake: January 15 / November 15*
Fall intake: June 20 / May 30*

* Earlier deadline for prospective students from non-EU countries, to allow time for visa processing.

Application Fee

Please pay the application fee of EUR 100 by bank transfer or use the credit card form. The application fee will be reimbursed after the start of the program.

Account name: HHL gemeinnuetzige GmbH
Account number: 1100 104 956
Bank code: 860 555 92
IBAN: DE 59 8605 5592 1100 1049 56
Purpose: Application fee for: name of applicant, program, intake
Bank: Sparkasse Leipzig

Admission Test Day

Given that your application meets the requirements, you will be invited to the Admission Test Day at HHL. For applicants from abroad we offer telephone interviews as an equivalent to the Admission Test Day.

For program start in spring 2016
Admission Days: Dec 2 / Jan 20 / Feb 3

For program start in fall 2016
Admission Days: Apr 13 / May 11 / Jun 10 / Jul 1

The Admission Test Day has three parts
1. Interview with an HHL professor (approx. 20 min.)
2. Interview with a business representative (approx. 20 min.)
3. Short presentation and discussion (5-7 min. + 5-7 min. for discussion)

The competencies focused on during the interviews are
1. Problem solving abilities (analytical abilities, structuring, flexibility, creativity, business understanding)
2. Personality (ability to work in a team, maturity, self-confidence, communication skills)
3. Leadership potential (leadership ability, motivation and energy, profit orientation)

Regarding the short presentation, the candidate receives two different topics of which one has to be chosen. One hour of preparation time is given. The library as well as the computer labs (with internet access) can be used for preparation.

The following criteria are evaluated
1. Presentation (problem identification, outline and structure, synthesis ability, creativity and originality)
2. Discussion (assessment ability, argumentation, critical faculty)
3. Personality (appearance, theoretical ability, self-confidence)

HHL’s Admissions Committee usually determines admission immediately on the Admission Test Day. The Committee consists of elected members of the HHL community and the examiners of the test day.


"In seeking a challenging programme for my studies, I chose HHL for its atmosphere, study environment and the opportunities it offers. To me, HHL perfectly combines both excellence in teaching and a high degree of practical experience through case studies, consulting projects and company workshops. The entrepreneurial spirit is truly adopted by the student body and the University’s alumni network. Overall, studying at HHL educates and prepares you for the challenges of a demanding workplace."

Kolja Czudnochowski, M.Sc. student

Fees & Financing

A worthwhile investment

The tuition fees for the whole M.Sc. Program at HHL amount to EUR 25,000. This fee covers all teaching and examination services of HHL according to the academic calendar for the compulsory and elective program. Also included in the charge is the study abroad term at one of our partner universities.

Payment Terms

After you have been admitted to HHL we ask for a deposit of EUR 1,000. The remaining costs will be paid in four installments of EUR 6,000.

Intake March: First and second installments have to be paid on April 1 and September 1 of the first academic year/ third and fourth installment on March 1 and September 1 of the second academic year.

Intake September:  First and second installments have to be paid on October 1 and March 1 of the first academic year/ third and fourth installment on September 1 and March 1 of the second academic year.

The tuition fees for the Master Program are tax deductible as anticipated professional expenses. Get first tips by reading the brochure Steuertipps. For detailed information please contact your legal tax advisor.

Financing Options

We believe and have the proven record that your HHL degree will provide you with exceptional career opportunities that make your financial investment well worthwhile. However, we are aware of the high investment and support you in financing your studies. Therefore we support our students with several financing option (e.g. student loans or scholarships).

Student Life

The HHL-Leipzig mix sets the perfect balance for studying, networking and enjoying life

HHL is located in Leipzig, the heart of Europe. With a high-quality lifestyle, very moderate living costs, many parks, open air sports facilities, surrounding lakes with beautiful beaches, as well as many jogging and biking paths, Leipzig is probably the “greenest” metropole that you could find - discover it for yourself!

These are some of the reasons why students voted HHL as Germany’s favorite business school. If you would like to get in touch with one of them to ask about their experiences at Leipzig & HHL, feel free to email them.

Carolin Schäfer (M.Sc. class of 2016)

Degree: B.A. Business Studies/Controlling and Consulting, DHBW Villingen-Schwenningen
Contact: ask_carolin(at)hhl.de

"HHL has a good repution for its high teaching quality and its committed but at the same time modest students. During my admission day at HHL, I felt comfortable at once and I got the feeling that people really care about me and my future development. That's why I chose HHL."

Benjamin Krapf (M.Sc. class of 2016)

Degree: B.Sc. Business Studies, Hochschule für angewandte Wissenschaften Ingolstadt
Contact: ask_benjamin(at)hhl.de

"I chose to study at HHL since its reputation both in the academic and in the business world convinced me of the quality of the school and its teaching. Additionally I think the blend of theoretical education and practical experience is unique in graduate education."

Tim Kuntze (M.Sc. class of 2016)

Degree: B.Sc. Business Studies, Friedrich-Schiller-Universität Jena
Contact: ask_tim(at)hhl.de

"I have chosen HHL because I wanted to be prepared for the upcoming tasks and expectations at my future job. With its small classes, its practical as well as international orientation and its professional teaching HHL is a University that will educate its students according to the requirements of demanding employers. The HHL community will thereby support every single member as much as possible."

Dominik Müller (M.Sc. class of 2016)

Degree: B.A. Business Adminsitration, Hamburg School of Business Administration
Contact: ask_dominik(at)hhl.de

“I choose HHL because HHL offers a unique combination of basics of a high level business school, entrepreneurial spirit & a mentality among staff & students, that makes HHL to something more than a business school, a community of shared interests. Every student can take an active part in the modeling of the future HHL, providing ideas and influence, to help feel students not as regular students, it makes them feel like members.”

Contact & FAQ

Any questions? We are here for you!

We invite you to experience the spirit of HHL yourself by visiting us, talking to an HHL student or by attending an open lecture (please contact us to schedule a visit).

Annegret Zettler
Manager Student Recruitment M.Sc.
Department of Marketing & Student Recruitment
T +49 341 9851-613
F +49 341 9851-615

For Chinese Candidates
Christine Zhang
Business Development Manager Asia
Department of Marketing & Student Recruitment
T +49 341 9851-617
F +49 341 9851-615

Does the full-time M.Sc. Program only start in fall?

No, you can join the full-time program in March or September of each year.

I do not have my Bachelor diploma yet, can I still apply?

Yes, you may apply if you are in your final year of studies and will finish your Bachelor’s degree before the start of the program at HHL.

How much does the Master Program in Management (M.Sc.) at HHL cost?

Tuition fees for the flexible 21-24-month full-time M.Sc. Program at HHL amount to EUR 25,000 and are payable in three equal installments. In Germany, the tuition fee is tax deductible as anticipated professional expenses.

I am an international applicant. Do I have to attend an Admission Test Day?

Applicants residing outside of Germany are exempt from attending an Admission Test Day. In these cases we offer telephone interviews as equivalent to the Admission Test Day. However, GMAT and TOEFL have to be submitted along with all other application documents. Your application will not be processed if we do not have a valid GMAT score.

Which additional costs do I have to calculate?

Not included in HHL's tuition fees are living expenses, costs for study material (e.g. books, personal copies) and travel. Tuition fees for the mandatory courses at the partner university are included.

Are scholarships and financing options available?

HHL is offering up to four scholarships that support HHL's mission to "educate effective, responsible and entrepreneurial business leaders through excellence in teaching, research and practice." The scholarships will provide successful applicants with a tuition waiver that covers up to EUR 15,000 of the tuition of the full-time M.Sc. Program.

More about financing your study at HHL options

Am I required to speak German?

Though students do not have to speak German in the M.Sc. Program at HHL, solid language skills are a major benefit when looking for an internship or a job in Germany and Europe.

HHL offers German language classes for beginners, intermediate and advanced speakers.

Is the program accredited or ranked?

Yes, HHL's full-time Master in Management Program (M.Sc.) was accredited by the German accreditation agency ACQUIN in 2006. Already in 2004 and again in 2009, HHL was accredited by AACSB International.

Our full-time M.Sc. in Management Program has been consistently ranked in top positions in national and international rankings. In the Financial Times Global Masters in Management 2014 ranking, HHL's program was ranked number 11 worldwide.

What are the admission requirements?

Applicants need to apply with the following documents:

  • Complete online application at HHL´s application platform
  • Curriculum vitae
  • Bachelor’s degree with above average grades in Business Administration from a university with a minimum of 180 ECTS-credits or equivalent degree
  • Letter of motivation
  • High School Degree ("Allgemeine Hochschulreife")
  • Proof of a minimum of 3 months practical experience*
  • GMAT*
  • Proof of above-average English skills (e.g. TOEFL)*
  • Proof of a second modern foreign language*
  • Passport photo

* These documents can be handed in after the application deadline, but must be submitted by start of the program at the latest. Submitting the GMAT at the time of application is mandatory for all applicants residing outside of Germany who cannot participate in an Admission Test Day.

Why do I need knowledge of a second modern foreign language and what language level do I need to prove?

HHL requires all applicants to present basic knowledge in a second modern foreign language aside from English and the mother tongue. We ask for proof of basic language skills by presenting proof of having attended a language class.

We do not require applicants to pass a language test or present a certain skill level. Rather we want all of our students to look outside of the box and possibly open up new options for the mandatory study abroad term.

Students can deepen their language skills either through language courses at HHL (limited number of languages and levels available) or through the language lab at the University of Leipzig.

What is the atmosphere at HHL and in Leipzig like?

HHL is a small and very selective business school located on a campus of the University of Leipzig in a culturally vibrant city with half a million inhabitants. Neighborhood parks, sports facilities, a zoo, jogging and biking paths, waterways and lakes are only a few of the things to see and do in Leipzig, that will make you feel right at home.
More about life at HHL and in Leipzig

Where will I be staying in Leipzig?

Most of HHL's students choose to rent a private apartment during their stay in Leipzig. Accommodation in Leipzig is very reasonable. All student dorms within Leipzig are rented out by the Studentenwerk Leipzig (institution governed by public law for the support of college and university students; maintains cafeterias, dormitories, administers student loans etc.) and are available to HHL students as well.

Are there any special requirements for applicants from China?

Applicants with university degree from People´s Republic of China are required to go through the APS certification process to prove the authenticity of both degree and grades obtained. APS stands for Academic Certification Authority (Akademische Prüfstelle) and is a service institution established jointly by German Embassy in Beijing and German Academic Exchange Institution (DAAD). Furthermore, APS certificate is an indispensable part of visa application documents for applicants who obtain their accreditation from a university of People´s Republic of China. APS process takes approximately 6-8 weeks, therefore it is recommendable to start APS certification process as early as possible so as to manage the whole application process more easily. Please kindly note that APS certificates are effective for an unlimited period.

For more information, please kindly visit www.aps.org.cn.

Programs Overview
Part-time M.Sc. Program

Accreditation & Rankings

Among the leading EMBA
programs worldwide

Top 3 in Germany

#2 in Europe for salaries

#6 worldwide for career progress

Favorite business school
in Germany