The European School of Management and Technology (ESMT) is to join the growing ranks of business schools offering masters in management degrees. It’s two-year programme, designed for recent graduates without business experience, will enrol its first class in September 2014.
The Berlin-based school will use its corporate relationships to offer students an internship of up to six months. Among the companies committed to take students are Bosch and Siemens, which are both among the group of leading German companies that founded ESMT in 2002.
“Companies with which we work have identified a shortage of talented analysts with technical skills, business acumen, and an international orientation,” says Jörg Rocholl, president of ESMT, adding that the new degree aims to fill this gap.
As well as the internship, students on the programme – which will have tuition fees of €25,000 – will also complete a two-month team field project and spend four months on applied research in a company or at ESMT itself.
Though the business school’s focus was initially on delivering executive education, it has since launched MBA and Executive MBA degrees, the latter of which was ranked 40th in the world in 2012 by the FT.
With its masters in management degree, ESMT will look to compete with its German peers – HHL Leipzig, Mannheim Business School and WHU Beisheim – which have all featured prominently in the FT’s global ranking of programmes.
ESMT is one of a handful of German business schools that are trying to extend their presence on the global stage. Historically, they have had a much lower visibility than their peers in France and the UK.
The announcement comes a month after ESMT’s Hannover-based peer, Gisma, commenced an insolvency process following financial difficulties.