Master in Management | Entrepreneurship

Develop the skills and form your network
to become a successful entrepreneur

At a glance

Program Start

  • September

Duration

  • 21-24 months

Language

  • English

Application Deadlines

  • May 31 (Non-EU)
  • June 20 (EU)

Credits

  • Total: 120 ECTS

International Perspective

  • 1 Mandatory term abroad / work at an accelerator or incubator
  • 140+ partner universities
  • Double degree option

Entrepreneurial Experience

  • 1 mandatory internship at a startup company or venture capitalist
  • 1 mandatory consulting or incubation project

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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Send me personalized information for my HHL journey, event details, and exclusive content from around the school.

#1
Entrepreneurial University in Germany (Stifterverband)

4
unicorns among HHL alumni companies

350+
startups founded by HHL alumni

40k
jobs created by HHL alumni

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

Jana Vogel
Director Program Marketing

Our Class Profile

~60

Students in the M.Sc. class

~25

Students in each Deep dive

50%

International students

620

Average GMAT score

24

Average age

1.5 years

Average work experience

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 where our world was hit by a global pandemic.

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.

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

Become an entrepreneur by applying science

This program is your step by step guide towards your own startup. You can actually learn how to be an entrepreneur based on the programs focus on setting up functioning business models and making strong managerial decisions embedded in an interdisciplinary educational setting. Build a foundation with personal abilities required in the business world and accelerate your startup from there.​

Put theory straight into practice

The classes will be fueled by one of the largest entrepreneurship research groups – combining the experiences of more than 10 extraordinary experts in the field of entrepreneurial and innovative management. With a strong focus on practical and creative applications you will benefit from Hackathons, Design Thinking approaches, ideation sprints and innovation challenges throughout our vivid campus. Furthermore, you will be able to apply your knowledge during international exchange programs or becoming an Entrepreneur in Residence.

Start working on your business idea

You will not become a true entrepreneur by relying solely on theory. The most integral part of our program is allowing you the time to generate and experiment with your own ideas. This will provide an active base from which you can begin working on your own venture, which in turn is the kind of firsthand, entrepreneurial experience you will need for future career paths.

Benefit from a like-minded community

Our program assembles a vivid community of entrepreneurial minds focused on shaping the future. You will be able to fully exploit the network and pursue your goals alongside fellow, hard-working students, united by their vision of becoming entrepreneurs. Also benefit from Co-Founder Matchings as well as the inspiring and unique spirit we cherish at HHL.

Connect with people to guide your vision

Take advantage of our inspirational mix of experts to help streamline your journey towards your own venture. The program contains a strong network of alumni, entrepreneurs, mentors and investors to learn from and connect with during your studies. Experts will be joining classes regularly to discuss their own experiences and offer tips on your latest developments.
‘Benefit from HHL being a vibrant startup hotspot – counting more than 350 startups and 4 unicorns – and be part of Leipzig’s evolving startup scene.

In our innovative Master in Management | Entrepreneurship program you will learn the fundamentals of starting your own ventures while being able to gain practical experiences to implement in your very own process of shaping your company. You will dive into an extraordinary network of entrepreneurs and mentors as well as benefit from a cycle of learning, testing and adapting your business model.

Prof. Dr. Alexander Lahmann
Academic Director Full-Time M.Sc. Programs

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.

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.

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

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

Our full-time Master in Management | Entrepreneurship program prepares you to become an entrepreneur by combining theoretical knowledge with practical experience. Focusing on evaluating and developing business models, building your network in one of the most comprehensive entrepreneurial ecosystems and one-on-one support offered by mentors enables you to develop your ideas. You will be equipped with the necessary tools, concepts and soft skills to become a future-oriented and responsible entrepreneur

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.

Read about our Welcome Weeks 2021

 

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)
Integrated Case Study - Finance, Reporting, Strategy, Marketing, Logistics (7 ECTS)Economics (5 ECTS)
Problem Solving & Communication (5 ECTS)Negotiation (5 ECTS)
Ethics & Sustainability (5 ECTS)Leading Yourself & Self-Reflection (3 ECTS)

3. Entrepreneurship Essentials

Entrepreneurship Essentials – Prepare for your endeavors

With the following modules you equip yourself with the latest concepts, tools, and techniques for the development of your entrepreneurial skillset. Here you have the chance to discuss your business ideas and their requirements directly with potential co-founders.

  • Entrepreneurship (5 ECTS)
  • Entrepreneurial Finance (5 ECTS)
  • Disruptive Technologies & Business Models (5 ECTS)

4. Entrepreneurship Competencies

Business Venturing Project​ (Student Consulting Project)

​Take a real-life challenge of a young company into your hands. Together with a group of entrepreneurial minds you develop original ideas to guarantee a company‘s success.​

Entrepreneur in Residence / Internship

​Work hand in hand with experienced founders to develop the next big thing or gather experience within a corporation or consultancy in solving complex problems for future preparedness. ​

Experience the other side

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.​

International Experience

The world is your oyster at HHL!​

​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.​

5. Entrepreneurship Deep Dives

The Entrepreneurship Focus curriculum takes your knowledge and skills and develops them into business competencies. Not only with first hand experiences in entrepreneurial projects but with transferable ​skills.

Digital Entrepreneurship

These modules push the progression from thinking into acting. Our business plan seminar will lead you to validate your business idea, develop a prototype and perhaps even found your company during your studies. Paired with the techniques to deepen your customer understanding, it can be the jumping off point for your entrepreneurial endeavor and serves as an arena in which to demonstrate your entrepreneurial skillset.

Advanced Entrepreneurship

Modules in this block equip you with everything needed to drive entrepreneurial companies, whether you grow your startup or you keep large corporations in the game by developing, implementing and steering the newest business domains. It is all about to keep and fuel the entrepreneurial spirit in organizations. Here, experts in their field will join our classes frequently to share first hand insights into successful startups and leading corporates and share their individual stories and tips.

Full-time Master in Management | Entrepreneurship – Focus (30 ECTS)

Digital EntrepreneurshipAdvanced Entrepreneurship
Online Marketing & Customer Analytics (5 ECTS)Innovation Management (5 ECTS)
Business Plan Seminar - Starting up your venture (10 ECTS)Corporate Entrepreneurship (5 ECTS)
Growing & Scaling Companies (5 ECTS)

Enhance your entrepreneurial skills within the HHL network

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 the career ladder with our HHL Career Service

In a recent Financial Times Master in Management Ranking, our Career Development Team was ranked 9th worldwide! This is no coincidence, as our experienced psychologists and career experts have long perfected the mix between 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

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 management career now!

Our Master in Management 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 28,000
  • February 28: Early Bird 2 – Tuition fee: EUR 30,000
  • May 31: finale deadline for international (non-EU) applicants – Tuition fee EUR 32,000
  • June 20: final deadline for EU applicants and non-EU applicants not requiring a visa to Germany – Tuition fee EUR 32,000

Due to our limited capacities, it is beneficial to submit your application at your earliest possible convenience.
The application deadline has passed. If you are interested in joining our next full-time Master in Management class, please get in touch with Jana Vogel as soon as possible.

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:

  • March 11, 2022
  • May 13, 2022
  • July 8, 2022

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

  • Bachelor degree in Business Administration or other business-related programs, e.g. Business Informatics,  Business Psychology, Business Law, Economics, Industrial Engineering etc. (with a minimum of 180 credits, of which 40 – 60 credits in business-related subjects)
  • Above average academic performance during both high-school (Abitur) and Bachelor degree
  • A GMAT (GRE) score of 600 or higher
  • 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 score of at least 600
  • 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.

Application Fee

Please pay the application fee of EUR 100 by bank transfer. 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
BIC: WELADE8LXXX
Purpose: Application fee for: name of applicant, program, intake
Bank: Sparkasse Leipzig

Master in Management: Education that pays off!

The investment in a Master in Management degree at HHL is definitely worth it. With an average starting salary of EUR 69,000, HHL graduates rank among the best-paid Master’s graduates!

Tuition Fees

The tuition fees for the complete program amount to EUR 32,000. 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 28,000
  • Early Bird 2: February 28 – Tuition fee: EUR 30,000

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 within 1 month of the deadlines.

Scholarships & Financing Options

Additionally, we support you in financing your Master in Management 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 2,000. 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