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Frankfurt School Master in Data Analytics & Management Overview

04/11/2023

NA

Avg. GMAT

NA

Work Experience

€45K

Avg. Cost of Study

18-24

Months Duration 

NA

Avg. Salary

Summary

Introduction to Frankfurt School Master in Data Analytics & Management

The Master in Data Analytics & Management programme empowers you with the skills and competencies to lead data-driven organisations through digital and business transformation.

Managers are required to foster such purpose-driven innovation and motivate organisational change through new and disruptive technologies. You will acquire skills in big data, digital transformation, disruptive/new business models, communication and leadership, which are all required to manage digital transformation in an ever-changing world.

Why Study Frankfurt School Master in Data Analytics & Management ?

NA

FT Rankings

NA

US News

53

QS Ranking

  • Compatible with full-time work
  • #12 worldwide for Best Business Schools for Digital Transformation and #1 in Germany according to The Times Higher Education (THE) ranking.
  • Their lecturers are specialised in state-of-the-art scientific knowledge and are experienced in managing digital transformation
  • An extensive network of industry experts and potential employers
  • A combination of technical, strategical and data-driven organisational skills

Program Costs + Living Expenses : Frankfurt School Master in Data Analytics & Management

€35,500

Avg. Cost of Tuition

+ 

€10,000

Avg. Living Cost

45,500

Avg. Cost of Study

Living expenses in Frankfurt vary depending on your lifestyle and spending habits, but you can expect to spend between EUR 800 and EUR 1,200 per month. This includes the cost of accommodation, food, transportation, and other miscellaneous expenses.

Here is a breakdown of estimated living expenses in Frankfurt per month:

  • Accommodation: EUR 400-600
  • Food: EUR 200-300
  • Transportation: EUR 100-150
  • Other expenses (e.g., phone bill, internet bill, entertainment, etc.): EUR 100-250

Total: EUR 800-1,200

Employement Prospects : Frankfurt School Master in Data Analytics & Management

    Most Sought-after Jobs

  • Data Analyst
  • Business Analyst
  • Data Scientist
  • Analytics Consultant
  • Marketing Analyst
  • Financial Analyst
  • Operations Analyst
  • Supply Chain Analyst
  • Machine Learning Engineer
  • Data Architect
  • Statistician

Students participating in this programme aim at deepening and advancing their already sophisticated careers to the next level by adding innovative and revolutionary components, competences and methodology as well as objectives for their businesses. Their graduates are qualified to lead in areas such as IT- Consulting, Data-driven Management, Purpose-driven Management, digital transformation, business analytics, data analytics, change management, etc.

 

Application Process for Frankfurt School Master in Data Analytics & Management

The first step of your application process is to complete the online application form. You will need to upload the supporting documents listed below.

Once you have submitted your application with all the required documents, they will process your application. Successful applicants will be invited for an interview within a couple of weeks. That is the second step of the application process. The interview will be held through a video call. The purpose of the interview is to gain a better understanding of your professional and academic experience and discuss your motivations for the programme and goals for the future.

The third step is the Admission Committee, where members of Frankfurt School will get together and make a final decision on your application that will be communicated to you via email or phone. You can expect this final response within approximately 8 weeks after submission of a complete application.

Documents required : Frankfurt School Master in Data Analytics & Management

  • CV or resume in English
  • Certified copy of your undergraduate transcript of records and degree award certificate
  • Proof of English Skills, TOEFL – 90 iBT, 577 ITP / IELTS 7.0 or equivalent
  • Proof of relevant professional experience
  • Copy of your passport

Each of the documents listed above are required for completing your application. However, you do not need to upload them all at once.

Application Deadlines - Frankfurt School Master in Data Analytics & Management

They admit candidates on a rolling basis and therefore encourage you to complete your application early; there are also financial advantages for candidates who complete their application early.

  • Early Bird Discount (EUR 3,500): 31 May 2024
  • Final Application Deadline: 15 September 2024

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Scholarships Available : Frankfurt School Master in Data Analytics & Management

For this programme, Frankfurt School does not tend to offer scholarships, it happens only in rare cases for exceptional candidates, however there are other external funding options that you could consider to help support you financially. There are also different payment options to make the payments as comfortable as possible.

Specializations & Electives Offered

This programme will teach you how to utilise data to transform a business model into a data and purpose-driven organisation. In order to do so, step one is to cover the technical background such as machine learning, IoT, Blockchain, data visualisation and collecting and aggregating data. In a second step, we proceed to translate how such technologies advance and transform a business model as well as to identify the business’ strategic implications, organisational transformation and opportunities. The third step builds on the human aspect of digital transformation: leadership constitutes a vital component in achieving purpose-driven and sustainable change management.

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FAQs About Master in Data Analytics & Management

Graduates of the Master in Data Analytics & Management program are hired by a variety of companies, including:

  • Banks and financial institutions
  • Consulting firms
  • Technology companies
  • E-commerce companies
  • Retail companies
  • Manufacturing companies
  • Healthcare companies
  • Government agencies

The key benefits of the Master in Data Analytics & Management program include:

  • Gain the skills and competencies to lead data-driven organizations through digital and business transformation
  • Learn from experienced faculty and industry experts
  • Benefit from Frankfurt School’s strong reputation in business and management education

The Master in Data Analytics & Management program is for recent graduates with a bachelor’s degree in a quantitative field, such as business administration, economics, mathematics, or computer science. The program is also open to working professionals who have at least one year of relevant work experience and who are looking to transition into a career in data analytics and management.

No, they don’t provide as such scholarship. 

Application Process & timeline

We strongly advise all our clients to have a proper excel sheet or a timetables mapped out.
Once you are done with GMAT the entire application process usually take 4-6 weeks

Step 1

GMAT / GRE Score

2-3 months.

If you are not sure about what score to target then look at the average score of the schools you want and shoot above the average. 

Step 2

Profile Evaluation

 1-2 weeks.

Get your profile evaluated from a professional consultant and figure out what schools you can target based on your profile

Step 3

Application Prep

3-4 weeks at least. 

Start writing at least 1 month in advance of their 1st deadline. First application usually takes the longest.

Step 4

Interview Prep

1 week

School will notify you and give you roughly 1 week to schedule your interview. Ideally, start your prep ASAP and Do some mock interviews.

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