Master in Entrepreneurship

Kick-start your entrepreneurial journey

At a glance

Program Start

  • September

Duration

  • 21-24 months

Language

  • English

Application Deadlines

  • May 31 (Non-EU)
  • June 30 (EU)

Credits

  • Total: 120 ECTS

Entrepreneurial Experience

  • Flexible option for working in an incubator
  • Flexible option for internship in a startup
  • Flexible option for a term abroad
  • Optional international study trip

Building ready-to-implement business skills to foster your entrepreneurial goals

Gather entrepreneurial experience by developing your skills and building your network to create your venture. We take you beyond standard incubation and acceleration programs. By enriching your entrepreneurial mindset with profound management skills we push your abilities to evaluate, implement and transform business ideas. HHL is the home base for the next generation of responsible and innovative minds creating lasting and enduring impact.

Get your free profile and pitch deck check

Not sure if your profile is the right fit for our program? Don’t worry, that’s why we are here for you. Just enter your LinkedIn/XING profile or link to your CV here and we will give you individual feedback on your eligibility.

Handing in a pitch deck with your business idea is optional. Your chance to get feedback from one of our experts after your successful application. Just send it to: jana.vogel@hhl.de

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Numbers we are proud of

#1
Entrepreneurial University in Germany

Stifterverband 2020

4
Unicorns among HHL alumni companies

HHL alumni statistics

500+
Startups founded by HHL alumni

HHL Survey 2022

50k
Jobs created by HHL alumni

HHL Survey 2022

Five reasons why you should choose HHL’s Master in Entrepreneurship

  • Practical Entrepreneurial Experience: Gain practical experiences during your studies and develop an entrepreneurial mindset
  • Unique Entrepreneurship Faculty: Learn from a high quality faculty with strong ties to practice and on of the biggest research groups on entrepreneurship
  • HHL’s Entrepreneurial Network: Become a part of the HHL Community and contribute to the most tight-knit alumni network including founders, VCs and investors
  • Inspirational Entrepreneurial Ecosystem: Benefit from a unique entrepreneurial ecosystem covering incubation, acceleration and venture phase
  • Focus on Your Idea: work on your own start-up idea during your studies

Entrepreneurial Success Stories

We provide stories of successful founders from HHL willing to share their greatest advice on starting a business to inspire your entrepreneurial journey.

Meet our female founder Irene

Irene Klemm, HHL alumna and successful co-founder of ed-tech startup Edurino, shares her very own personal path as a successful female entrepreneur in a challenging time.

About Edurino
Edurino’s vision is to teach children 21st-century skills with the power of games. We re-think how children play and learn and develop a hybrid play learning system that combines hard- and software.

Meet our female founder Laura

Laura Hepper, HHL alumna and successful founder of tech startup lavelio, shares her personal story as a female entrepreneur and how her journey went from being a Master’s student at HHL to starting her own company during her studies.

About lavelio
lavelio identifies success parameters for Instagram posts by using Artificial Intelligence.

Our Class Profile

55 – 65

Students in the M.Sc. class

~25

Students in each Deep dive

33%

International students

620

Average GMAT score

24

Average age

1.5 years

Average work experience

Chat with our students

Our student ambassadors are here to share their experiences of HHL and to answer any questions you may have about their HHL journey, their student life and their advice on how to make the most of your studies. Simply browse our list of ambassadors, choose the student of the program you are interested in and start the conversation.

N.B. Please contact your program consultant, for questions about the application process and fees and financing.

Study Program – The ecosystem supporting you in your (ad)ventures

The Master in Entrepreneurship is a program designed to foster innovative ideas and creative thinking while conveying important business essentials to translate your vision into reality. Benefit from an inspiring entrepreneurial ecosystem covering incubation, acceleration and venturing phase at HHL DIGITIAL SPACE – the digital transformation platform and SpinLab – the HHL Accelerator. One of the biggest research groups on entrepreneurship and a priceless network of founders, VCs and investors is at hand to kick-start your own business.

1. Welcome Weeks

Kicking off a new life chapter at HHL

The “Welcome Weeks” offers a dive into the #hhlspirit. Our students get to know classmates from all of our programs and from all corners of the world, both virtually and on-site. This community event lays the foundation for a powerful network that will support them not only through their studies but far beyond.

HHL Welcome Weeks – Watch the video

 

    2. Essentials

    Essentials: Learn what counts

    This is where you start your HHL journey and take a deep breath of our school’s DNA. We do not only onboard your diverse class in what is essential in terms of hard skills but also develop your entrepreneurial spirit as well as your sense for teamwork and community. Moreover, we want to help you in becoming the best version of yourself by learning meaningful self leadership frameworks and gaining awareness for the cross-functional abilities needed to excel in the modern business world.​

    Essentials (10 ECTS)
    Business Fundamentals I (6 ECTS)Business Fundamentals II (6 ECTS)
    Problem Solving & Communication (5 ECTS)Negotiation (5 ECTS)
    Ethics & Sustainability (5 ECTS)Economics (5 ECTS)
    Leading Yourself & Self-Reflection (3 ECTS)

      3. Practical Experience

      Get inspired! – Prepare for your endeavors

      Gain relevant experiences during an internship or working in an incubator to benefit from other founders and their projects. The practical options foster your international outlook and connect you to a bold network of entre- and intrapreneurs:

      • Flexible option for working in an incubator – take the opportunity to gain insights into building successful ventures systematically, within an incubator or accelerator, where you will learn the methods and mechanisms required for growing a successful business.​
      • Flexible option for internship in a start-up – work hand in hand with experienced founders to develop the next big thing or gather experience within a corporation or consultancy in solvingcomplex problem for future predepardness
      • Flexible option for term abroad – international competencies are essential for successful managers, consultants, entrepreneurs and executives in an increasingly globalized world. This is why HHL prioritizes and maintains global partnerships. Whether it’s New York, Paris, Moscow, Stockholm, Singapore, Hong Kong or Sydney; a term abroad at one of our 140 partner universities will give you an exciting change of perspective. The HHL team will guide you before, during and after your term abroad. Take advantage of this unique opportunity to explore new countries, new cultures and expand your own international network.​
      • Option for international study trip – ​deepen your international perspectives and experiences through an international study trip to a European startup hot spot

        4. Entrepreneurship Deep Dives

        How to take your idea from vision to reality

        Our Deep Dives are devided into three blocks – from opportunity identification and  realisation to building companies. Choose at least two full modules (40 ECTS) and complete your picture by choosing additional modules (max. 10 ECTS)

        Opportunity Identification:

        Let´s start from the beginning: an understanding of major trend implications on economy, society and ecology as well as a differentiated view on business models will strengthen your critical thinking. Get creative and kick-start your venture with a broad entrepreneurial mindset.

        Opportunity Realisation

        Get started: This deep dive will take your business from ideation to implementation! Work on how to set up marketing & sales processes, create organizational structures and learn what counts, when it comes to ethical and sustainable decision making.

        Building Companies

        Grow your business: learn how to grow your start-up into a high growth company and what it takes to lead mature organizational structures. Find out how to create value from innovation or change management.

        Opportunity IdentificationOpportuniity RealizationBuilding CompaniesCustomize from regular M.Sc./MBA program
        Next Big Thing: Visions for the future (5 ECTS)Prototyping & Product Management (5 ECTS)Innovation Management & Corporate Entrepreneurship (5 ECTS)Choose one or two course(s) from regular MSc/MBA Program (full- or part-time) or not selected Deep Dive (max. 10 ECTS)
        Disruptive Technologies & Business Models (5 ECTS)Entrepreneurial Marketing & Sales (5 ECTS)Growing & Scaling Companies (5 ECTS)Open Module * (e.g. Coding & Data Literacy) (max 5 ECTS)
        Business Plan Seminar - Starting up your venture (10 ECTS)Entrepreneurial Finance (5 ECTS)Restructuring Organizations (5 ECTS)International Study Trip (5 ECTS)
        Culture & Leadership (5 ECTS)Value Chain Management (5 ECTS)Entrepreneurial Term Abroad or International Incubator (10 ECTS)

          5. Master Thesis or Business Plan: Finish your project

          The master thesis (15 ECTS) can be started flexibly beginning in term 6 and has to be completed within 10 weeks.

            HHL Campus Day on Friday, March 03, 2023

            Learn more about HHL´s master programs by attending program introductions, lectures and individual consultations

            What our alumni say

            Tanja Bogumil
            Co-Founder & CEO Perfeggt

            HHL had a significant influence on my future path as a founder. Not only did I benefit from my in-depth and practical business know-how, but also from the priceless network of like-minded alumni and entrepreneurs.

            Marc Merl
            Founders Associate @ Jacasa

            HHL offers a lot of opportunities to network with alumni and the startup community, e.g. the Startup Career Fair, company visits on campus, extracurricular lectures, or – last but not last – student consulting projects. These are usually door openers to career opportunities in management, finance, or entrepreneurship. That’s how I first came into contact with HHL alumnus Björn Kolbmüller during a project for his company Zenloop. Building something from the very beginning interested me since a long time and through this involvement I had my foot in the door when Björn was about to start a new journey with Jacasa. It did not took long until I joined him as Founders Associate immediately after submitting my Master’s thesis.

            Annemarie Heyl
            Founder Kale&Me GmbH

            At HHL, I learned how to form a strong team by bringing together different people with different backgrounds and skill sets. HHL’s diverse MBA community was pivotal in teaching me the value of multiple perspectives.

            Bernhard Franik
            Co-Founder lavelio

            The business plan seminar within the Master’s program enabled me to work on our idea for lavelio for over 3 months and to create a first MVP (Minimum Viable Product). We were able to test this MVP with customers after the end of the course, which already enabled us to generate our first revenues.

            Laura Hepper
            Co-Founder lavelio

            The HHL Digital Space provided us with the expertise and resources we needed to take the next steps on our entrepreneurial journey. The incubator program guided us through the challenges of early-stage startups with a structured approach and allowed us to validate the problem-solution fit.

            How to start your own business

            Get to know our well-known and internationally successful founders and alumni Dirk Graber from MisterSpex and Tanja Bogumil from Perfeggt.
            Questions we are facing in this virtual session, fully packed with tips and tricks:

            • How did your journey as an entrepreneur start and what has been and still is the motivation for creating your own business?
            • What skills have you learned during your studies at HHL helped the most along your journey?
            • What were your biggest successes and failures?
            • What advice do you give to young founders?

            Watch the video

            Career

            Becoming an entrepreneur is not about the salary, but you may read through our employment report and find that our Master in Management pays off. However, becoming an entrepreneur is about lasting impact! Shape your company, earn a lifetime.

            Get the Employment Report!

            It’s an easy climb up of your career ladder with our HHL Career Service

            In a recent Financial Times Master in Management Ranking, our Career Development Team was ranked 11th worldwide! This is no coincidence, as our experienced psychologists and career experts have long perfected the mix of 1-to-1 coaching, personality tests, workshops and other tools. They help you discover what unique skills and strengths set you apart. Together, you will tailor a personal career plan to significantly increase your prospects and reach your career goals successfully and rapidly.

            We will be at your side throughout your job search. Our Career Development Team will:

            • check your CV
            • prepare you for interviews, recruiting processes and salary negotiations
            • put you in touch with alumni in the business sector you aspire to enter
            • strengthen your capacities
            • share effective methods to make the job market work for you
            • provide access to job postings and exclusive recruiting events on campus with leading companies.

            With passion and commitment, and our famous personal touch, we pave the way for your success and help you land that dream job!

            Apply now!

            The HHL Network

            The Master in Management I Entrepreneurship program will connect you and your business idea to a highly relevant group of people, who will not only guide you during specific sessions, but could also become part of your whole startup journey. Experienced Entrepreneurs will not only mentor you personally, but open up networking opportunities relevant to your needs. Regular coaching sessions will keep you grounded, help you plan next steps and be part of your individual development.

            As an Entrepreneur in Residence you can have the opportunity to work with founders upon their business and learn from the best practical approach possible.​

            Learn more about HHL alumni

            Enhance your entrepreneurial skills within the HHL network

            Campus

            Our Campus has it all! Located in „Hypzig“ – one of the fastest growing cities in Germany – the vivid HHL Campus provides you with every possibility for creative working sessions: Design Thinking and Ideation Sprints or Hackathons and Innovation challenges. Leipzig’s expanding economy, housing world-famous brands such as Porsche, BMW, DHL, Amazon and RB Leipzig, as well as a vast variety of cultural networks, offer a wealth of opportunities to connect with inspiring people both professionally and socially. As an emerging startup hub Leipzig also benefits from Berlin – the German capital with highly entrepreneurial impact – being just around the corner.

            Check out our Leipzig page

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            The Campus

            The campus: In the heart of Leipzig!

            The HHL campus is centrally located and, at the same time, surrounded by idyllic parks and rivers. You will experience an inspiring multicultural atmosphere and real campus flair. You also get to take advantage of the adjacent sports department of the University of Leipzig: As an HHL student, you are eligible to use all of their sports facilities and to sign up for sports courses offered by the Leipzig University. And to accommodate a flexible study schedule, we grant our students access to HHL’s premises 24 hours a day, 7 days a week. You can use the library, the study areas and meeting rooms, the lounge and the Student Club any time you want! Intrigued? Please contact us – we would be delighted to show you around our campus in person! We look forward to meeting you!

              Living Expenses in Leipzig

              Affordable and student-friendly living

              Leipzig offers students a very high quality of life for extremely affordable prices. In contrast to many other student cities in Germany, Leipzig still has affordable student accommodation. The approximate living costs per month including accommodation in Leipzig are around 650 Euro, while the average living costs in Germany are estimated at 835 Euro.

              Here is an overview of the monthly costs that you should take into account during your studies in Leipzig:

              _Accommodation: EUR 200-350 for student accommodation or private housing
              _Health Insurance: EUR 90 for students under 30, EUR 40+ for students over 30*
              _Books & Printing: EUR 10
              _Food: EUR 200
              _Leipzig Student Union fees/transport: EUR 35**
              _Other: EUR 100

              Additional one-off starting costs

              _Residence permit (only for non-EU citizens without a Stibet scholarship): EUR 110
              _Rental bond: EUR 250

              Maximum amount of initial costs: EUR 360

              *Students under the age of 30 are eligible for public health insurance, students over 30 must get private health insurance, where prices will vary.
              **All students must pay this fee, which covers a range of services by the student union, including the semester pass for trams and busses in Leipzig. The semester fee is EUR 216.50.

                Moving to Germany

                Find out everything you need to know before and after arriving in Germany, from visa requirements, health insurance, and housing to residence permits.

                  Start your entrepreneurial journey now!

                  Our Master in Entrepreneurship student community is a carefully selected collegial network of motivated peers who will help you reach your full potential. For this reason, handpicking our students is very important to us. We not only take hard facts into consideration, such as bachelor grades or GMAT but also your personality, your motivation and your ambition.

                  Do you want to be part of the HHL community and experience HHL’s unique student life? Then start your educational journey with HHL now!

                  Start your application today!

                  Are you unsure if your profile fits with our admission criteria? Please contact us and we will help you to find out with our free pre-application service.

                  Free Profile Check

                  Admission Test Days:

                  HHL offers on-campus admission days (see below). You can choose in which day you want to participate.

                  For applicants who are unable to attend the on-site admissions day, we offer virtual admissions interviews. We will arrange the timeslot individually with you to best suit your personal schedule.

                  Application Deadlines:

                  • November 30: Early Bird 1 – Tuition fee: EUR 29,900
                  • February 28: Early Bird 2 – Tuition fee: EUR 31,900
                  • May 31: finale deadline for international (non-EU) applicants – Tuition fee EUR 33,900
                  • June 30: final deadline for EU applicants and non-EU applicants not requiring a visa to Germany – Tuition fee EUR 33,900

                  Due to our limited capacities, it is beneficial to submit your application at your earliest possible convenience.

                  On-Campus Admission Test Day

                  HHL prides itself on adding a personal touch to the admission process through its on-campus admission test days.  In addition to the admission interviews with an HHL professor, you will have an interview with an HHL alumni and get the chance to make the first contact with company representatives. Furthermore, you will have the opportunity to participate in a networking event with current HHL students, get to know the HHL campus, the new Digital Space and explore the city of Leipzig. Last but not least: You will receive the final decision of the admission committee on the same day.

                  Admission dates:

                  • January 20, 2023
                  • March 17, 2023
                  • May 12, 2023
                  • June 16, 2023
                  • July 14, 2023

                  In order to qualify for an admission test day, you need to have submitted all mandatory documents (see below). After a close review of the submitted documents, you will be invited by the admissions office if your profile meets our expectations.

                  The admission test day has three parts:

                  1. Interview with an HHL professor (approx. 20 min.)
                  2. Interview with an HHL alumni (approx. 20 min.)
                  3. Short presentation and discussion (7-8 min. + 7-8 min. for discussion)

                  The competencies focused on during the interviews are:

                  1. Problem-solving abilities (analytical abilities, structuring, flexibility, creativity, business/economic knowledge)
                  2. Personality (ability to work in a team, maturity, self-confidence, communication skills)
                  3. Leadership potential (leadership skills, motivation and energy, business sense)

                  For the short presentation, the candidate receives two different topics of which one has to be chosen. One hour of preparation time is given. Each candidate can use his or her own laptop for research. HHL will provide free Wi-Fi.

                  The following aspects will be 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)

                    Virtual Admission Process

                    As an alternative to the on-campus admission test day, we offer a virtual admission process. After you have submitted your application online and your eligibility for the program has been confirmed, you will be invited to a virtual interview with an HHL professor. We will arrange the timeslot individually with you to best suit your personal schedule.

                    The virtual admission interview usually takes 1 hour and consists of two parts:

                    1. Personal interview (35 min)

                    The competencies focused on during the interview 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)
                    1. Presentation and discussion (15 min + 10 min)

                    For the presentation, you will receive a topic two days before the interview takes place.

                    The following aspects will be 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)

                    After a successful interview, your complete application will be discussed by our admissions committee. You will be informed about the decision approximately 7-10 days after the interview.

                      Admission Criteria

                      • a completed Bachelor’s degree in any field from a recognized university
                      • above average academic performance during both high-school (Abitur) and Bachelor degree
                      • a GMAT (GRE) score of at least 600 or HHL Entry Test
                      • a minimum TOEFL score of 90 (or IELTS of 7.0) or a Bachelor degree completed in English
                      • 3 or more months of professional experience by the program’s start date

                        Application Documents

                        Documents required to submit your application online:

                        • Copy of your high-school degree (Abitur)
                        • Copy of your Bachelor degree or current transcript
                        • Updated and complete curriculum vitae
                        • One page motivational letter outlining why you should be admitted to HHL’s M.Sc. program

                        Documents required to complete your application*

                        • A certified GMAT (GRE) score of at least 600 or HHL Entry Test
                        • Proof of English language proficiency (see admission criteria)
                        • Letter(s) from employer(s) stating three or more months of professional employment
                        • One letter of recommendation from academic and/or professional references (can also be used to prove professional experience)

                        *These documents can be submitted later during the application process.

                        Applicants from China, India and Vietnam need an APS certificate in order to be able to study at a German university. Please visit APS China, APS India or APS Vietnam for further information.

                          Master in Entrepreneurship: Education that pays off!

                          The investment in a Master degree at HHL is definitely worth it. With an average starting salary of EUR 80,600, HHL graduates rank among the best-paid Master’s graduates!

                          Tuition Fees

                          The tuition fees for the complete program amount to EUR 33,900. We offer a tuition fee reduction if you submit your complete application by the following Early Bird deadlines*:

                          • Early Bird 1: November 30 – Tuition fee: EUR 29,900
                          • Early Bird 2: February 28 – Tuition fee: EUR 31,900

                          This covers all tuition and examination costs and includes the tuition fees for the term abroad at one of our partner universities. And, of course, the fees do not have to be paid in one lump sum. You will pay your tuition fees in four instalments – spread out over two years. For further information, see our payment terms. One more important note: Your tuition fees are tax-deductible as an anticipated income-related expense. Check out our brochure (in German) on this for tips. Please contact your tax consultant for more information.

                          *The early bird discount is offered to those who have uploaded all mandatory documents and submitted their application by these deadlines and have successfully passed the interview as well as the GMAT/GRE or HHL Entry Test until February 28 (Early Bird 1) or May 31 (Early Bird 2).

                            Scholarships & Financing Options

                            Additionally, we support you in financing your Master studies. Aside from our range of financing options, we award scholarships to outstanding and particularly driven applicants.

                            How can you secure a scholarship? Convince us of your excellent record and your exceptional personality (please see documents below). Contact us to learn more, we will be happy to advise you!

                            Payment Policy

                            Pay your tuition fees in installments!

                            After having been admitted to HHL, you are required to pay a down payment of EUR 3,000. The remaining fees will be paid as follows: The first and second installments are payable on October 1 and March 1 of the first study year. The third and fourth installments are payable on September 1 and March 1 of the second study year.

                              Any further questions? Please feel free to contact us at any time!

                              Are you curious about experiencing HHL for yourself? You are welcome to visit us on campus. Do not miss the opportunity to talk to our students or experience our professors in a lecture. Please feel free to contact us at any time, we look forward to hearing from you!

                              Jana Vogel
                              Director Program Marketing