Master in

Management (M.Sc.)
Full-time
HHL AT A GLANCE

HHL Leipzig Graduate School of Management

Our Mission Programs

_ Master in Management (full-time + part-time)

_ Master in Management | Finance (full-time + part-time)
_ Master in Management | Entrepreneurship (full-time)
We educate entrepreneurial, responsible and
_ MBA Program (full-time + part-time)
effective business leaders through outstanding
_ Doctoral Program
teaching, research and practice. We are driven by
excellence in teaching and research to benefit our
students, stakeholders and society. Our academic
quality is underscored by our global outlook and
Executive Programs
a lifelong premier service and support network.
_ State-of-the-art advanced training programs
_ company-specific and open enrolment programs
_ excellent lecturers with a practical approach
Our Quality

HHL was the first private business school in the

German-speaking region to be accredited by Locations*
AACSB International in 2004. Since then, HHL was
successfully reaccredited in 2009, 2014 and 2019
under the new standards. AACSB puts a special Leipzig
focus on the continuous improvement and mission Cologne
of the school. In addition, all HHL study programs
are nationally accredited by ACQUIN e. V.
Munich

* Cologne & Munich are only applicable for Part-time MSc. students

Numbers we are proud of

#1 #3 800+ 140+
Entrepreneurial Worldwide in salary Students in Top partner
University in (>127,000 EUR after our programs universities
Germany 3 years) around the globe
Startup Radar by Financial Times Global Masters
Stifterverband in Management Ranking 2022

#19 #11 430+ 1st

Top Business School Career service Companies founded Address for business
worldwide worldwide or co-founded by education in
Financial Times Global Masters Financial Times Global Masters HHL alumni Germany
in Management Ranking 2022 in Management Ranking 2022
since 1898
 Welcome to HHL

Professor Dr. Stephan Stubner

Dean

Since its founding in 1898, HHL stands for successful management education
with a human touch. This long-standing tradition is deeply embedded in our
school’s DNA, spanning everything from our signet to the way our students
are empowered to reach their goals. As an academic community, we address
the many challenges businesses face today and tomorrow. We therefore firmly
believe that it is our purpose to foster the development of world-class business
leaders. That is our tradition, and it’s what we do best.

As a student at HHL, you can expect a rewarding program which is focused on

the practical aspects of professional business management, while maintaining
a holistic perspective that will allow you to navigate an often ambiguous and
always competitive business environment. Learn how to manage companies and
position them for long-term success in a competitive environment.

At HHL we are dedicated to offering the best in teaching, research and innova­
tion practices. We continually seek to unite theory and practical application for
our students, while maintaining an open-minded entrepreneurial spirit.

I am looking forward to welcoming you to HHL, and to what you will add to
our growing and dynamic community. In return, we offer you more than just a
university degree: You will become a lifelong member of the HHL network.

MASTER IN MANAGEMENT PROGRAM — FULL-TIME 03

RUBRIK

Ready to Start Your

Journey?

04 MASTER IN MANAGEMENT PROGRAM — FULL-TIME

 RUBRIK

MASTER IN MANAGEMENT PROGRAM — FULL-TIME 05

DISCOVER HHL

Get to know HHL and deep dive

into your study program

Program Career
Benefits ­Development
     Page 08–09      Page 15

Program International
Structure ­Experience
     Page 10–11      Page 16–17

Management Entrepreneurial
­Modules Ecosystem
     Page 12–13      Page 18–19

Class Leadership
Profile Skills
     Page 14      Page 20–21

06 MASTER IN MANAGEMENT PROGRAM — FULL-TIME

 DISCOVER HHL

Campus Financing ­
Life Options
     Page 22–23      Page 29

Alumni
Network
     Page 24–25

Life in
Leipzig
     Page 26–27

Application
­Process
     Page 28

MASTER IN MANAGEMENT PROGRAM — FULL-TIME 07

PROGRAM BENEFITS

HHL has a lot to offer

140+ #1
Top partner in salary worldwide
universities (Financial Times
around the globe Ranking)

#11 > 30 Students Top

management
positions
Career service Practice partners
worldwide in lectures incl.
(Financial Times top tier consulting
Ranking) companies

> 3,500 Integrated
entrepreneurial
ecosystem covering
Active alumni incubation,
worldwide acceleration and
venture phase

08 MASTER IN MANAGEMENT PROGRAM — FULL-TIME

 PROGRAM BENEFITS

This is how you will benefit

from your program

1. Program:
Learn from a high quality faculty
with strong ties to practice

2. Practice:
Delevope industry standard competencies
to ingite your career

3. Career:
Benefit from on of the best career services
worldwide

4. Outlook:
Build up a concise and unique professional
profil with a global mindset

5. Network:
Become a part of the HHL Family and
contribute to the most tight-knit alumni network

Ultimate Preperation for Business Consulting

Best study program for developing an

entrepreneurial mindset

MASTER IN MANAGEMENT PROGRAM — FULL-TIME 09

PROGRAM STRUCTURE

Learn next-level management skills

HHL’s Master in Management Program (M.Sc.) is a program designed to enhance your existing knowledge of business
administration in a unique interdisciplinary educational experience built for the business world reality. Drawing upon
their in-depth knowledge and professional experience, HHL professors provide new insights and innovative approaches
to current and emerging business challenges – all with a sharp focus on your personal development. You will acquire
the skills and enhanced leadership abilities that allow you to master change and excel in intercultural environments.
In the 2-year program, students earn 120 ECTS.

Essentials:
1 Learn what counts
ESSENTIALS 30 ECTS

Integrated Case Study – Finance, Reporting,

This is where you start your HHL journey and
Strategy, Marketing, Logistics 7 Economics 5
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 Problem Solving & Communication 5 Negotiation 5
your entrepreneurial spirit as well as your
sense for teamwork and community. Moreover,
Ethics & Sustainability 5 Leading Yourself & Self-Reflection 3
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
ELECTIVE ESSENTIALS (choose three modules) 15 ECTS
in a modern business world.

Quantitative Economics Entrepreneurship Finance & Accounting Business Management

Elective Essentials:
2 Lay the foundation
International
Macroeconomics
Disruptive Technology Financial Analysis &
5 & Business Models 5 Modelling
Organizational
5 Behavior 5

With the opportunity to choose three modules Managerial Decision Entrepreneurial Value Chain
out of a broad set of thrilling offerings, you will Making 5 Entrepreneurship 5 Finance 5 Management 5
lay the foundation for your Deep Dive choices Coding &
while broadening your horizon. Strengthen Data Literacy 5 Competitiveness 5
your competitive advantage and further
develop your skills obtained in your previous International Study Trip 5
(academic) career or dive into something new
and complement your existing skillset with new
capabilities.

BUSINESS COMPETENCIES 30 ECTS

Business
3 Competencies
Project & P
­ rocess ­
Management Course
3 options: Term Abroad at
Partner ­University
_ Internship
Working on a real-life project, studying abroad Student ­Consulting _ Entrepreneur in Residence
or completing internships: The practical Project _ Social Impact Project
experience you gain, and the connections you 5 25
build will serve you far beyond graduation and
equip you with an invaluable network.

Strategic Financial ­ Transformation Digital Entre- MASTER

General Management Deep ­Management Decision Making Management preneurship THESIS
4 Dives: Specialize in you
Global Corporate Innovation Online Marketing &
Strategy 5 Valuation & M&A 5 Management & Customer
The Deep Dives allow you to focus on those Corporate Entre- Analytics 5
topics that will benefit your personal and Growth Capital Market preneurship 5
professional development most. You can select Management 5 Theory & Business Plan
from two out of four possible tracks. Investments 5 Change Seminar: Starting
Stakeholder Management 5 up your digital
Communication 5 Risk Management venture 10
of Corporations 5 Customer Value
Creation 5

15 ECTS 15 ECTS 15 ECTS 15 ECTS 15 ECTS

10 MASTER IN MANAGEMENT PROGRAM — FULL-TIME

 PROGRAM STRUCTURE

“
The HHL Master in Management
Program equips you with the
competencies to cope with the
challenges of tomorrow, especially
digital know-how, creativity,
problem-solving capabilities
and leaderships skills.
On top of this you will benefit
from an inspiring environment
with like-minded and committed
people who share the passion for
shaping the future.
Prof. Dr. Alexander Lahmann
Sparkassen-Finanzgruppe
Chair of Mergers & Acquisitions
Academic Director of the M.Sc. Programs

HHL’s Master in Management program revolves around your interests and career goals.
Its flexibility allows you to complete up to two internships, while finishing the program in 21 or 24 months.

Year 1 Year 2

Term 1 Term 2 Term 3 Term 4 Term 5 Term 6 Term 7 Term 8

(Fall) (Winter) (Spring) (Summer) (Fall) (Winter) (Spring) (Summer)

Essentials
Welcome
1 course
Weeks
5 ECTS
Elective
Essentials
3 courses
Student
Essentials 15 ECTS Flex Time Study Flex Time Deep Dives Master
Consulting
4 courses for Practical Abroad for Practical 4 courses Thesis
Project
22 ECTS Experience 25 ECTS Experience 20 ECTS 15 ECTS
5 ECTS

Essentials Deep Dives

1 course 2 courses
3 ECTS 10 ECTS

MASTER IN MANAGEMENT PROGRAM — FULL-TIME 11

MANAGEMENT ­MODULES

Turning passion into profession

A Unique Learning
Experience Co-teaching
Team-based Guided ­
with thought
learning programming
Our General Management curriculum leaders
is carefully composed in order to
educate and shape exceptional future Building leaders
of tomorrow
leaders in management.
Business plan
Student Individual
pitch
consulting career
to business
projects mentoring
angels

Deep Dive Global Growth Stakeholder

Strategic Management Strategy Management Communication

The Strategic Management Deep
Dive leads through essential modules
to assess the strategic implications
of interconnected trade and value
chains. Moreover, it focusses on the
key interface between firms and their
stakeholders.
_D
 imensions of global strategy _R  ole of growth strategies _B  asics of financial
_C
 hallenges of globalization _ Implementing growth communication
_S
 trategies for in times of uncertainty _ Regulation of reporting
entering foreign markets _ Scenario-based _ Tend and developments
_M
 anage multinational growth strategies
companies _S  cenario planning

Deep Dive Capital Market Corporate Risk Management

Financial Decision Making Theory & Investments Valuation & M&A of Corporations

_ Portfolio theory and practice _ Introduction to valuations _ Introduction to risk

These modules convey essential skills
on modelling, valuation, financial
markets, and financial instruments
to provide safe ground combining
important concepts from accounting,
economics as well as finance, and
apply those to real-life.
_ Equilibrium in capital markets
_ Fixed-income securities
_ Security analysis
_ Options, futures, and other
derivatives
_ The DCF-WACC model
_ Multiple-based valuation
_ Advanced valuation
techniques
_ Excursus into M&A
management
_ Risk measurement with focus
on value-at-risk
_ Recap: derivatives
_ Hedging and insuring
strategies based on financial
instruments
_ Outlook: financial engineering

“
As a future leader, you are responsible for strategically steering your
company, which goes hand in hand with knowing your financials.
Neither discipline goes without the other – and this is also the integrated
teaching approach HHL follows. At HHL we apply different fields of
management in practice-oriented projects to get prepared for making
the decisions of tomorrow.
Clara Marie Schomäcker (Class of 2021), Consultant at McKinsey & Company

12 MASTER IN MANAGEMENT PROGRAM — FULL-TIME

 MANAGEMENT ­M ODULES

“
The Master program at HHL prepared me for the job world through its
practical approach. We worked on many real-life projects as part of the
curriculum. This practical orientation combined with various networking
events, continuous career coaching and numerous internship possibilities
gave me the chance to visualize what I could and wanted to do after my
studies.
Harsimrat Chahal (Class of 2018)
Consultant, Bain & Company

Deep Dive Innovation Management & Change

Customer Value Creation
Transformation Management Corporate Entrepreneurship Management

_ Innovation ecosystem _M
 echanisms, purpose of _M  easuring and creating
Modules of this Deep Dive transform _ Teams, team structures and change customer value
studentes into experts of understand- networks _B
 alancing stability and _ Sharing economy principle
ing change and transformation in or- _ Digital innovation change _ Share value concept
management _C
 hange theories
ganizations stemming from their fun- _ Definition of creativity _O
 rganizaitonal development
dament innovation management and _ Stimulation of creativitiy _C
 orporate culture
customer value creation. Students
learn how to lead transformation by
understanding concepts of change
and growth management.

Deep Dive Online Marketing & Business Plan

Digital Entrepreneurship ­Customer Analytics Seminar

_ Digital marketing _F  undamentals of business

In Digital Entrepreneuship HHL offers
modules that focus on customer
needs in a challenging and volatile
environment. After learning the
foundations of entrepreneurship and
their challenges students experience
_ Strategic challenges in
marketing
_ Understanding customer
needs & behaviour
_ Customer analytics
_ Measuring the effects of
marketing decisions
planning
_ Structuring pitch decks
_ Legal aspects of starting up
a business
_ Presentation and feedback

within the cap stone seminar how

to build a buiness plan and pitch to
industry experts and business angels.

Typical career paths

Leadership Trainee/Executive Assistant Management
after graduation

As a graduate of HHL you have a

Consultant Project Manager Management
lot of diverse options to start your
professional path and our career
service helps you to look at all Doctoral Studies Management Academic Career
perspectives and find your best way.
Typical career paths of HHL M.Sc.
graduates are: Positions in Middle
Start-Ups Management Own ­Business

MASTER IN MANAGEMENT PROGRAM — FULL-TIME 13

CLASS PROFILE

A tight-knit and dedicated community

HHL is a small and tight-knit community of students, alumni, professors, and staff from around the world.
At HHL, you can always approach our highly engaged faculty and staff members. Because the way we see
it is that your success is our success. Team spirit is not an empty phrase to us – we live it every day and
expect it from our students and alumni too.
We find that our class communities bond quickly. The lively mix of nationalities and different backgrounds
broadens everyone’s perspectives and enhances class discussion. You will build a tight-knit, internationally
diverse professional network in an inspired learning environment. This lifelong network will be the source
of continuous support even after you have completed your degree.

Class statistics

24
Average age

55–65
Class size

~ 30
Deep Dive class size

1.5 years
Average work experience

33 %
International students

Nationalities represented
China, France, Germany, Greece,
India, Ireland, Italy, Nigeria,
Pakistan, Peru, Russia, USA

14 MASTER IN MANAGEMENT PROGRAM — FULL-TIME

 CAREER DEVELOPMENT

A structured approach to success

From personal development to professional career planning: our career Employment statistics
development team will support you with tailored advice, personal coaching,
workshops and on-campus recruiting events with renowned companies. Being
a small school is often a big advantage: we all know each other. All of our 100 %
services carry a personal touch, and we’ll always go the extra mile to support Employment rate 3 months
you until you graduate and throughout your career. after graduation

80,900
Euro average starting salary

Focus Thrive
Through systematic in-depth Develop your talents into solid #3
dialogue with you, we identify your competencies with focused, Alumni salary worldwide
strengths, interests, and values to systematic training and become a (FT Masters in Management Ranking)
outline a career plan that fits your self-sufficient professional.
needs.
#11
Career Service worldwide
(FT Masters in Management Ranking)

Connect
From your first day at HHL, you are
part of the HHL community and
benefit from our high-performance
network of business and alumni
contacts – we’ll show you exactly
how to make the most of it.
Succeed
Build a rewarding and meaningful
career that is characterized by
success, well-being, and personal
fulfillment.
Most recent full-time M.Sc.
placement results by branch

Recruiting Companies

Our extensive network gives you access to the most attractive employers
through company presentations, case study workshops, on-site visits,
networking events and our student consulting projects. HHL alumni work
across all sectors and in a wide range of companies. They’re frequently on
campus for our Alumni Talks and can provide you with insights into the
recruiting trends of their organizations. We also maintain close relationships
with an extensive network of recruiters who think the world of our graduates.

Deutsche Bank
Puma Axel Springer
Mars 64,3 % Consulting
Siemens Management Consulting
BMW Group 17,9 % Financial Services
Hilti Bosch
McKinsey & Company EON Inhouse Consulting
10,7 % Start-up
Procter & Gamble Linkedin
Bertelsmann Microsoft 7,1 % Other
DHL Inhouse Consulting Allianz Bain & Company Wayfair
Boston Consulting Group (BCG) Volkswagen Consulting
Accenture Roland Berger Strategy Consultants
Deutsche Telekom
Porsche Consulting

MASTER IN MANAGEMENT PROGRAM — FULL-TIME 15

INTERNATIONAL EXPERIENCE

The world is yours

In an increasingly globalized world, successful managers, consultants, entrepreneurs and executives must feel
competent and confident in an international environment. That’s why HHL prioritizes maintaining global partnerships.
A term abroad at one of our 140 global partner universities in cities like New York, Paris, Tbilisi, LIma, Singapore, Hong
Kong or Sydney will give you an exciting change of perspective. The HHL team will guide and support you before,
during and after your term abroad. Take advantage of this unique opportunity to explore new countries and cultures
and to expand your international network.

“
This was exactly what
I was looking for, a great
destination paired with
a wide range of courses
where I could benefit
from the practical
insights from my fellow
students while getting
the most from the
intercultural exchange.
Benita Goll
HHL Alumna
Senior Consultant, Capgemini Invent

An exciting option:
An additional degree
from one of HHL’s partner
universities

Along with your term abroad,

you have the option of receiving
an additional degree from one
of our global network of partner
universities. You can decide during
the course of your studies whether
this is something you want. You
will find a list of partner universities
with second degree options on our
website.

www.hhl.de/doubledegree

16 MASTER IN MANAGEMENT PROGRAM — FULL-TIME

 INTERNATIONAL EXPERIENCE

WESTERN ­EUROPE Luxemburg Latvia _S  un Yat-Sen _ National Sun Yat-sen _ University of

_L
 uxembourg School _ Riga International University, University, College Louisville, College of
Albania of Business School of Economics Guangzhou of Management, Business
_ Epoka, University, _U
 niversity of and ­Business _ Tongji University Kaohsiung _ University of North
Tirana Luxemburg Administration _ National Taiwan Texas, College of
India University, College of Business, Denton
Bangladesh Netherlands Lithuania _ Athena School of Management, Taipei
_ United International _M
 aastricht University _ ISM, University of Management, Mumbai LATIN ­AMERICA
University, School School of Business Management and Great Lakes Institute Thailand
of Business and and Economics Economics, Kaunas/ of Management, _ Asian Institute Argentina
Economics, Dhaka Vilnius Chennai of Technology, _ Universidad del
Norway _ Indian Institute Pathumthani CEMA, Buenos Aires
Belgium _B
 I Norwegian Poland of Management, _ Sasin Graduate
_ HEC, Liege Business School, Oslo _ Cracow University of Ahmedabad Institute of Business Brazil
_ Solvay Brussels Economics _ Indian Institute _ Administration, _ Ibmec, Rio de Janeiro
School of Economics Portugal _ Gdansk University of of Management, Bangkok and Minas Gerais
& ­Management, _U
 nviersity of Porto Technology Bangalore _ PUCPR, Curitiba
Brussels ISCTE, Lisbon _ Kozminski University, _ Indian Institute Vietnam _ SKEMA, Belo
Warsaw of Management, _ French-Vietnamese Horizonte
Cyprus Spain _ University of Business Calcutta Center of
_ Cyprus International _E  ADA, Barcelona in Wroclaw _ Indian Institute of Management, Hanoi + Chile
Institute of _E  scuela de Alta _ University of Management, Raipur Ho Chi Minh City _ Universidad de Chile,
Management, Nicosia Dirección y Economics Poznan _ Indian Institute Santiago
Administración, _ Warsaw School of of Management, NORTH ­AMERICA _ Universidad de Talca
Finland Barcelona Economics Udaipur _ Universidad del
_ Aalto University, _L  a Salle Campus, _ Institute of Canada Desarrollo, Santiago
Helsinki Ramon Lull Romania Management _ Concordia University,
University of Vaasa University, Barcelona _ Bucharest University Technology, John Molson School Colombia
_L  a Salle Ramon Lull of Economic Studies ­Ghaziabad of Business, Montreal _ Universidad EAFIT,
France University, Barcelona _ Management _ McMaster University, Medellin
_ Audencia Business _U  niversidad de Russia Development DeGroote School of
School, Nantes Navarra, Pamplona _ Higher School of Institute, Gurgaon ­Business, Hamilton Costa Rica
_ Burgundy School of _ Universitat Economics, Moscow _ NMIMS, School _ Queens University, _ INCAE, Alajuela
Business, Dijon Internacional de _ Kazan Innovative of Business Smith School of
_ EDHEC Lille/Nice Catalunya, Barcelona University Management, Mumbai Business, Kingston Mexico
_ EM Normandie _U  niversidad Pontificia “V.G.Timiryasov” _ S.P. Jain Institute of _ Université du Quèbec _ Instituto
Le Havre Comillas – ICADE, (IEML), Kazan Management and à Montréal Technologico
_ EM Strasbourg Madrid _ MIRBIS Moscow Research, Bombay _ University of Victoria, Autonomo de Mexico,
Business School _U  niversitat Ramon _ MGIMO Moscow _ Woxsen University, Peter B. Gustavson Mexico City
_ ESC Grenoble Llull (La Salle) _ Plekhanov University Hyderabad School of Business _ Instituto
_ ESC Montpellier of Economics, Technologico y de
_ ESC Toulouse Sweden Moscow Indonesia United States Estudios ­Superiores
_ ESCI Marne la Vallée _ Jönköping _ Ural Federal _ Universitas Surabaya _ American de Monterrey, Mexico
_ ESCP Europe, Paris International Business University, University, Wash City
_ ESSCA, Angers + School Yekaterinburg Japan Semester Program,
Paris _L  innaeus University _ Nagoya University Washington, DC Peru
_ Excelia Group, ESC _S  tockholm University Slovakia of Commerce and _ City University, _ esan, Lima
La Rochelle School of Business _ University of Business Baruch College, New _ Universidad del
_ ICN Business School, Economics Bratislava York Pacifico, Lima
Nancy United Kingdom Korea (South) _ Emory University, _ Universidad San
_ IESEG, Lille + Paris _A  ston Business Slovenia _ Ewha School of Roberto C. Goizueta Ignacio de Loyola
_ Institut Superieur du School, Birmingham _ University of Business ­Business School,
Commerce, Paris _ Imperial College Ljubljana _ KDI School of Atlanta Uruguay
_ KEDGE Business London International Policy _ Hawai’i Pacific _ Universidad Catolica,
School, Campus _E  M Normandie, Turkey and ­Management, University, College Montevideo
Marseille + Bordeaux Oxford _ Bilkent University, Sejong of Business _ Universidad ORT,
_ NEOMA Business Ankara _ Korea Advanced Administration Montevideo
School – Campus EASTERN ­EUROPE _ Sabanci University, Institute of Science _ Kenan Flagler
Reims Istanbul and Technology Business School, AFRICA
_ SKEMA, Sophia Croatia (KAIST), Seoul North Carolina
Antipolis + Paris _Z
 agreb School of ASIA _ Seoul National _ Kansas State Morocco
Economics and University, Graduate University, College _ ESCA Ecole de
Greece Management P. R. China School of Business of Business Management,
_ ALBA, Graduate _ City University of _ Sogang Business Administration Casablanca
Business School, Czech Republic Hong Kong School, Seoul _ New York University,
Athens _S
 KODA Auto _ Hong Kong University Stern School of South Africa
University, Mladá of Science and Malaysia Business New York _ University of
Iceland Boleslav ­Technology _ Higher Education _ SKEMA Raleigh Stellenbosch Business
_ Reykjavik University _U
 niversity of _ Lanzhou University Learning Institute, _ The University of School, Bellville
Economics, Prague _ Peking University, _ Kuala Lumpur Chicago, Booth
Ireland Guanghua School of School of B­ usiness, OCEANIA
_ EM Normandie, Estonia ­Management Singapore Illinois
Dublin _T
 allinn University of _ Peking University, _ Nanyang Business _ The Tuck School at Australia
Technology HSBC Business School Dartmouth College, _ MGSM, Macquire
Israel School, ­Shenzhen New Hampshire University, Sydney
_ Reichman University, Georgia _ Shanghai Taiwan _ Tulane University,
Herzliya _C
 aucasus University International Studies _ Feng Chia University, A.B. Freeman School New Zealand
School of Business, University Taichung of ­Business, New _ University of Waikato
Italy Tbilisi _ Shanghai Jiaotong _ National Chengchi Orleans _ Victoria University of
_ LIUC, Castellanza University, Antai University, Taipei Wellington
_ MIP Politecnico di Hungary College
Milano Graduate _E
 SSCA, Budapest _ Southwestern
School of Business University of Finance
and ­Economics,
MASTER IN MANAGEMENT PROGRAM — FULL-TIME 17
Chengdu
ENTREPRENEURIAL ECOSYSTEM

Should you be thinking of your own start-up idea

the HHL Entrepreneurial Ecosystem perfectly
prepares and supports your ambitions. Through-
out the program and beyond, you are able to take
your business idea from vision to success.

Pitching your business plan in our capstone course

Master in Management Program “Starting-up your digital venture” is only the first step.
Become part of the challenge and further develop and
The entrepreneurship courses equip you accelerate your startup idea in HHL’s incubator “Digital
with the necessary tools and methods to Space”. Within a 12-week sprint, you will learn from
develop an entrepreneurial mindset and renowned experts in the industry and get the guidance and
put your ideas into practice. The curriculum feedback of our skilled incubation team.
enables you to identify business opportuni-
ties, understand disruptive technologies and
customer needs, and gain the knowledge to Problem Solution
develop a business plan.
The courses include: W 1 2 3 4 5 6 7 8 9 10 11 12 13
_ Entrepreneurship
Sprint 1: Sprint 2: Sprint 3: Sprint 4:
Onboarding and sprint preparation

_ Disruptive Technologies & Business Models

_ Entrepreneurial Finance Problem Problem Solution Solution
Discovery Validation Develop- Validation
_ Online Marketing & Customer Analytics

Pitch preparation
ment

Launch Day
_ Business Plan Seminar:

Market Day
Starting up your venture

#1
Develop-
Entrepreneurial Research Testing ment Testing

University in
­Germany – for the
5th time in a row
HHL receives continued recognition as one
of the best places for aspiring entrepre-
neurs in Germany. Occupying the top spot
for the previous rankings in 2012, 2013, 2016
and 2018, HHL maintained its first-rate rank
among the small universities in the Startup
Radar ranking published by Stifterverband
für die Deutsche Wissenschaft (Founder’s
Association for German Science).
HHL DIGITAL SPACE –
The digital transformation platform
The HHL Digital Space is based on the HHL campus in
Leipzig and supports early-stage founders together with
established companies in their entrepreneurial pursuit.
The main goal is to connect founding teams, to equip them
with business and tech knowledge, and to provide an open
platform to empower entrepreneurship.

Drive innovation in a digital world

When it comes to entrepreneurship, HHL takes the lead – among business schools and across Europe.
With Trivago, About You, Lieferando and Ionic, HHL alumni started four of Germany’s Unicorns.
Entrepreneurship is an integral part of our DNA. In addition to various courses related to entrepreneurship and
innovation management, HHL regularly invites entrepreneurs, investors and other key players of the startup world to
share their experiences with our students.
Our students’ success is the best measure of our success:
HHL alumni founded or co-founded around 430 startups and created more than 50,000 jobs!

18 MASTER IN MANAGEMENT PROGRAM — FULL-TIME

 ENTREPRENEURIAL ECOSYSTEM

HHL Unicorns

After successfully sprinting through HHL incu-

bation program and founding your business, the
next phase determines the growth of your start-
up: The ­SpinLab accelerator supports the growth
of entrepreneurial and innovative teams who want
to scale up their businesses. Apply for the Spin-
Lab program and experience our “no-nonsense”
mentality first hand where everyone works hard
every day to make sure our startups are getting
the necessary resources and guidance they need.

KPIs that speak for themselves:

Average Investment
approx. 1 Mio €
per Startup

SpinLab Startups
84 % Further startups founded
Survival Rate
by HHL Alumni
Startups Supported
118+
since 2015

HHL SpinLab – The HHL ­Accelerator:

A startup incubator in Leipzig’s creative
center
A modern space in the Leipziger
Baumwollspinnerei, Leipzig’s creative core,
provides aspiring entrepreneurs with resources,
partner access and infrastructure support to
develop their ideas. Successful entrepreneurs,
potential investors, motivated coaches and
experienced mentors supplement the know-how
you gained in the program with advice, support,
and the right network for your startup dream to
take off.

Corporate Entrepreneurship
An entrepreneurial mindset does not automatically mean
you have to start your own business. More and more large
companies start corporate entrepreneurship initiatives
fostering the entrepreneurial spirit of their employees –
also called intrapreneurship. HHL supports established
companies in creating successful projects together
with students using formats like hackathons and Design
Thinking workshops. Topics range from digitalization,
business model innovation, and new work strategies and
methodologies.

MASTER IN MANAGEMENT PROGRAM — FULL-TIME 19

LEADERSHIP SKILLS
Develop the leader
within YOU
Enabling our students to become
responsible and effective future
leaders is a core mission of HHL’s
education. We teach advanced
management skills necessary
to master a fast-paced business
world exposed to considerable
uncertainties. Learn the basics of
data-driven leadership in lectures
like Coding & Data Literacy,
while organizational leadership
is taught in Problem Solving &
Communication and Negotiation.
On top of that, dive into the area
of strategic envisioning when
attending courses like Global
Strategy or Entrepreneurial
Challenges. Building on those three
main pillars of leadership, learn
20 MASTER IN MANAGEMENT PROGRAM — FULL-TIME
how purpose-driven leadership
is incorporated in HHL’s Leipzig
Leadership Model (LLM). Your
learning experience at HHL goes
far beyond discussing standard
management and leadership
concepts in the classroom. You
will be encouraged to challenge
yourself from the very first day,
to develop and improve your
leadership skills. Over your personal
journey at HHL, you will unlock
your strengths and talents by
understanding leadership principles
and by learning to effectively, yet
compessionately lead yourself and
others. Finally, you will be able
to help others to develop their
personality and leadership skills.
“
In times of great uncertainty,
leadership personality plays
an even more important role,
as ­management plainly by
numbers is i­ nherently limited.
Prof. Dr. Burkhard Schwenker
Former CEO and Chairman of the Supervisory
Board of Roland Berger
“
I genuinely believe that
businesses run completely
differently today than 50 years
ago, and so does leadership in
the digital age. Humbleness,
empowerment, intrinsic
motivation and diversity
of thought are key to create
competitive and sustainable
cooperations.
Rolf Schrömgens
HHL Alumnus, Co-Founder and former CEO
trivago, Co-Founder leadership.sprouts
 LEADERSHIP SKILLS

In various courses at HHL, you will immerse yourself

1 HHL courses
into the exciting areas of leadership:
Global Strategy

Innovation Management &

Corporate Entrepreneurship

Distruptive Technologies &

Business Models

Strategic
Problem Solving & Communication
Envisioning

Negotiation

Leading Yourself & Self-Reflection

Master of
Science
Coding & Data Literacy

Data-driven Organizational Entrepreneurial Finance

Leadership Leadership
Financial Analysis & Modeling

Responsibility Business Ethics

Apply and grow your leadership skills continuously

2
during your personal HHL journey:
Develop
Others

Lead
Others

Lead
Yourself

_M otivating and empowering

Understand _P roviding constructive
Leadership feedback
_ Appreciation and reward
_ Creating and maintaining trust
_ Conflict management
_ Delegating and involving
_ Building high-performing teams
_S  elf-reflection
_P  ersonality development
_ Effective and powerful
communication
_ Taking responsibility
_ Power of purpose and diversity
_ Leadership principles and
techniques
_ Expectation management
_ Team building process

MASTER IN MANAGEMENT PROGRAM — FULL-TIME 21

CAMPUS LIFE
Get used to the HHL Spirit
As soon as you get admitted to
HHL you will be part of our tight-
knit community of fellow students,
professors and staff. We will support
you throughout any kind of upcoming
questions, connect you to your
classmates and provide every piece
of information needed before coming
to Leipzig. At HHL you are more than
just a student ID number. Staff and
faculty care about your personal
and professional development. We
operate on an open-door policy,
welcoming students to stop by to
discuss ideas and problems.
Team spirit is not an empty phrase to
us – we live it every day and expect it
from our students and alumni too.
22 MASTER IN MANAGEMENT PROGRAM — FULL-TIME
The HHL experience will start during
our Welcome Weeks at the beginning
of your studies.
These two weeks will not just
include getting to know the campus
infrastructure or how to set up wifi
and personal accounts. This time will
be about your very first networking
opportunities, interactions and
intercultural experiences as well as
the very first lectures and challenges.
The HHL Welcome Weeks are the
perfect start into your studies and the
first two weeks of your very personal
journey at HHL. Come and join us!
“
The VCC offers a unique op-
portunity to get some first-
hand insights from venture
capitalists. We are a small
group of finance and entre-
preneurship enthusiasts or-
ganizing networking events
and working closely together
with VCs. I’m more than hap-
py to have joined this initia-
tive – I wouldn’t have been
able to make these experienc-
es anywhere else!
Clara Marie Schomäcker (Class of 2021)
Consultant at McKinsey & Company

Get involved: Student initiatives
Students at HHL have diverse interests and are committed to them.
Besides their curriculum, they engage in a variety of student initiatives such as:
Accelerate
Give students, startups, investors
and mature companies a platform to
network, share opinions and catalyze
new ideas in an entrepreneurial
surrounding at HHL!
Voice of Hope
VoH implements projects with an
high impact on the society, both in
in the region of Leipzig as well as
beyond the borders of Germany.
TEDxHHL
TEDxHHL aims to foster an
environment for spreading ideas, with
live speakers and TED-Talks videos,
to inspire deep discussions and
connections.
Venture Capital Club
Sponsored by VC companies the
initiatives brings together students,
VC companies, and successful
founders who give insights into
challenges, common mistakes and
recipes for success.
European Ivy League
As one of HHL’s largest student
initiative the EIL has the longest
tradition when being founded in
1997. The event combines sports,
management content, networking
and entertainment.
Energy Club
The HHL Energy Conference brings
together company representatives
and people from sciences, politics and
consulting to discuss hot topics of the
energy change and related issues.
The Negotiation Club
Negotiation Club at HHL is a training
ground to equip one with negotiating
skills to get the best while meeting
your opponent half way on the
bargaining table.
Women@HHL
This is an initiative to provide a place
for empowerment, exchange and
personal development for all female
students, employees and alumnae
of HHL as well as other interested
parties.
MASTER IN MANAGEMENT PROGRAM — FULL-TIME
CAMPUS LIFE
“
Diversity is a proven
driver for innovation. The
Women@HHL initiative
is a progressive approach
to support diversity
in leadership. With
individual mentoring
and coaching, this HHL
program supports the
next generation of female
leaders.
Sandra Deutschländer
HHL Alumna
Partner and Managing Director,
Boston Consulting Group (BCG)
Besides being a lot of fun,
these initiatives enrich the
communal spirit of HHL’s
campus life and foster the
development of soft skills
such as communication
and teamwork. They play
an important role in our
commitment to educating
entrepreneurial, responsible
and effective future business
leaders. What initiative will you
join when you start your HHL
journey?
23
ALUMNI NETWORK

The HHL alumni network:

­Priceless
Graduating from HHL not only gives you a degree from one of Europe’s best
business schools but it also means lifelong access to a first-class network of
leading international managers, successful entrepreneurs and key players
in the startup world. Friendships and contacts established at HHL will long
outlast your studies.
HHL alumni work in over 70 countries, they are well connected, and they
support each other and future graduates in a multitude of ways. Many of
“
The unique HHL spirit stimulates
our over 3,500 alumni frequently return to campus to support the new HHL team work and makes a class
generation with their know-how and experience, and often recruit students
growing jointly. This is the core
from their alma mater.
of HHL’s learning experience and
its enduring network. Apart from
that, it is the root of having an
unforgettable time with lots of fun.
Benjamin Kühl
HHL Alumnus
Consultant at McKinsey & Company

APPLICATION PROCESS

Meet alumni during the

application & admission process
STRENGTHEN THE COMMUNITY

Refer excellent candidates

BEGIN STUDIES

Learn from the experiences

of alumni

STAY CONNECTED & SHARP

SECURE AN INTERNSHIP
Take part in lifelong
learning opportunities Get support from
The HHL the alumni network
Alumni
Lifecycle
GROW YOUR NETWORK
BUILD LASTING CONNECTIONS
Meet fellow alumni at
Participate in student
the many alumni events
activities & initiatives

FIND YOUR PERFECT JOB RECEIVE VALUABLE DATA & INSIGHTS

Receive support from Improve your field project or master

alumni as personal references thesis with the help of alumni in
to companies & positions different companies & industries

24 MASTER IN MANAGEMENT PROGRAM — FULL-TIME

 ALUMNI NETWORK

To bond even more you can join our HHL Alumni Association. The purpose
of the HHLAA is to promote the welfare of HHL and to establish a mutually
beneficial relationship between HHL and its alumni.

You can benefit from their help to connect with your alma mater and with
fellow graduates after your studies through online services such as a global
directory, events and activities as well as continuing education programs.

One of the main events organized by HHLAA is the yearly Homecoming,

where all HHL alumni are invited to Leipzig to meet up with fellow students,
professors and faculty staff again. Moreover, regional events are conducted
throughout the year all over Europe. In addition, the HHL Alumni Association
sponsors selected student initiatives and administers student awards.

Even as a current student you can already register yourself as a “Member

Candidate” and are granted access to all parts of HHLAA’s web portal and may
take part in any activities of HHLAA.

HHL Alumni Homecoming 2022 during HHL’s 30-year anniversary celebrations

MASTER IN MANAGEMENT PROGRAM — FULL-TIME 25

LIFE IN LEIPZIG

Welcome to Leipzig: Living and learning

in the heart of Europe
There’s a lot to love about Leipzig.
Modern and dynamic, the city is very
much aware of its historical roots as
a center of trade at the crossroads
of European trade routes and as
the starting point of the Peaceful
Revolution of 1989 which paved the
way for the reunification of Germany.
Leipzig is like the Leipzigers: open-
minded, friendly, interested in other
cultures and open for new ideas.
You’ll feel at home here right away.
When you need to take a break
from your studies and clear your
head, you’ll appreciate the fact that
Leipzig is surrounded by beautiful
countryside that’s fast and easy
to reach. You might also enjoy an
evening in one of the city’s many
music clubs that are never more than
a ten-minute bike ride away. Leipzig
is growing fast, adding thousands of
new inhabitants each year. Jobs are
plentiful in academia and business.
The city is a renowned hub for the
automobile (Porsche, BMW) and
logistics (DHL, Amazon) industries,
but also offers attractive conditions
for startups.
Leipzig provides excellent access
to the rest of Europe, with an
international airport, fast train
connections and a well-developed
bus network. Get to Berlin within just
one hour, reach Munich in three hours
or visit Prague within four hours.

Over More than

400 sports 40,000
clubs, home of ­students
More than
the RB Leipzig annually
35 ­theaters,
football club
stages &
Fastest ­growing
­concert halls
city in Germany
with a dynamic
startup scene

More than
More bridges
1,400 bars,
than Venice
cafés and
restaurants

Home of the
oldest trade
fair in the
world

Johann von
­Goethe’s
favorite
restaurant
Birthplace of
More than the Peaceful
1,000 years of Revolution
city history

More than
67 museums,
galleries and
exhibitions

26 MASTER IN MANAGEMENT PROGRAM — FULL-TIME

 LIFE IN LEIPZIG

The HHL campus:

All you need, all about you
While our school is centrally located, it is also surrounded by idyllic parks
and rivers that add a sense of peace and natural beauty to our inspiring
multicultural campus flair. You also get to take advantage of the adjacent
athletic department of the University of Leipzig: As an HHL student you
can register to use their facilities.* 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, meeting rooms, the
lounge and the student club any time you want!

* Sport courses are available for an additional fee.

MASTER IN MANAGEMENT PROGRAM — FULL-TIME 27

APPLICATION PROCESS

Start your management career now!

Every journey starts with a single first step. Your road to

the top-ranked full-time M.Sc. in Management at HHL begins here:

Ready to learn more? Contact us for a profil check or

YOU
get to know HHL during one of our next events

Start your application online at http://study.hhl.de

YOU
by submitting the following documents
_ Curriculum vitae
_ Letter of motivation
_ Copy of your high-school diploma (Abitur)
_ Current/final transcript of your Bachelor’s
degree in Business Administration or other business-related
programs, e. g. Business Informatics, Business Psychology,
Business Law, Economics, Industrial Engineering etc.
_ Passport photo

Additional documents required to complete

your application Application Deadlines
_ Proof of a minimum of 3 months of relevant
practical work experience
_ 1 letter of recommendation November 30
_ Proof of English proficiency Early Bird 1
(TOEFL score of 90 + ibt or IELTS score of 7.0) Tuition Fee: EUR 29,900
_ GMAT score of 600 + (or comparable GRE or HHL Entry Test)

WE
We review your application and supply February 28
initial feedback. Early Bird 2
Tuition Fee: EUR 31,900

YOU
You get ready for the GMAT/HHL Entry Test and the HHL
Admission Interview.
May 31
We invite you to an HHL Admission Test Day International (non-EU)
WE
or to a virtual admission interview. applicants
Tuition Fee: EUR 33,900
You participate in the HHL Admission Test Day/
YOU
virtual admission interview.
June 30
We notify you about our admission decision within 10 days. EU applicants and non-EU
WE Participants of the Admission Test Day will be informed the ­applicants not requiring a visa
same day. to Germany
Tuition Fee: EUR 33,900

28 MASTER IN MANAGEMENT PROGRAM — FULL-TIME

 FINANCING OPTIONS

The best investment in your future

Your investment in a Master’s degree at HHL is worth it. With an average
starting salary of over EUR 80,900, HHL graduates rank among the best-paid
Master’s graduates!

Tuition and financing options

The tuition fees for the complete Master of Science in Management Program
amount to EUR 33,900*. That covers all tuition and examination costs and
includes the tuition fees for the term abroad at one of our partner universities.
Our data shows that your HHL degree will provide you with exceptional career
opportunities that make your financial investment well worth it. We also know
that the financial situation of a young graduate can be challenging and offer
the following options to finance your studies.

Student loans

HHL has cooperations with various banks and financing partners, e. g.
_ Deutsche Bildung
_ Brain Capital
_ Prodigy Finance
_ FIDERH (for Mexican citizens)
_ FAFSA (for U.S. citizens)
_ OSAP (for Canadian citizens)

For more information about these and other financing options, including
eligibility and application processes, please visit: www.hhl.de/financing

Scholarships

HHL also offers scholarships for exceptional candidates.

For more information, please visit our financing section on www.hhl.de/msc.

For international students, we also recommend that you check out

the DAAD scholarship database at www.daad.de.

* Tuition fees are subject to change.

Note! For German taxpayers, Your contact at HHL

the tuition fees are tax
deductible as an anticipated Jana Vogel
professional expense. Please T +49 341 9851-611
consult your tax advisor. jana.vogel@hhl.de
www.hhl.de/msc

MASTER IN MANAGEMENT PROGRAM — FULL-TIME 29

RUBRIK

Innovative.
International.
Individual.

Get into the

HHL spirit:

www.hhl.de/events
30 MASTER IN MANAGEMENT PROGRAM — FULL-TIME