TUM School of Management MiM: Detailed Review

Table of Content

640

GMAT Score

Optional

Work Experience

€8,000

Avg. Cost of Study

4

Semester Duration 

€77K

Avg. Salary

Introduction to MiM at TUM

The Master in Management (MiM) at TUM School of Management is a full-time, four-semester program designed for engineers and natural scientists who want to broaden their perspective with business studies. The program provides students with a wide range of skills in management, law, economics, and business, giving them the foundation they need to succeed in a variety of careers.

The MiM program is taught entirely in English, and students have the opportunity to study abroad for one semester. This gives them the chance to gain international experience and learn about different business cultures.

Upon completion of the MiM program, graduates will have a sound understanding of the link between management and technology, knowledge of business fundamentals, and the skills they need to be effective communicators, responsible decision-makers, and successful managers in a global world.

Why Study MiM at TUM?

47

FT Rankings

26

QS Top MiM

There are many reasons why engineers and natural scientists should consider studying for a MiM at TUM School of Management. Here are just a few:

  • TUM is a world-renowned university. TUM is consistently ranked among the top universities in Germany and the world. This means that students at TUM School of Management will receive a high-quality education that is recognized by employers around the globe.
  • The MiM program is specifically designed for engineers and natural scientists. The MiM program takes into account the unique needs and skills of engineers and natural scientists, and provides them with the knowledge and skills they need to be successful business leaders.
  • The MiM program is taught in English. This makes it accessible to students from all over the world and allows them to learn from and network with international classmates.
  • TUM School of Management offers a wide range of study-abroad options. Students have the opportunity to study abroad for one semester at one of TUM’s many partner universities around the world. This gives them the chance to gain international experience and learn about different business cultures.
  • TUM School of Management has a strong alumni network. TUM graduates are highly sought-after by employers around the world. Students at TUM School of Management have the opportunity to network with alumni and gain insights into the job market.

If you are an engineer or natural scientist who is interested in pursuing a business career, then the MiM at TUM School of Management is the right program for you. With its world-renowned reputation, strong alumni network, and focus on internationalization, the MiM program will give you the skills and experience you need to succeed in the global business world.

Program Costs + Living Expenses : MiM at TUM

€5,000

Avg. Cost of Tuition/Semester

+

€3,000

Avg. Living Expenses/Quarter

8,000

Avg. Cost of Study

Tuition Fees

Tuition fees for the MiM program at TUM School of Management will be announced in October 2023 for the winter semester of 2024/25. The tuition fee per semester will usually be 4,000 or 6,000 euros for Master’s programs.

Click here for more details on tuiton fee.

Living Expenses

The cost of living in Munich, Germany varies depending on your lifestyle and spending habits. However, you can expect to spend around 800-1,000 euros per month on living expenses, including accommodation, food, transportation, and other expenses.

Total Cost

The total cost of the MiM program at TUM School of Management will vary depending on your tuition fees and living expenses. However, you can expect to spend around 15,000-20,000 euros for the entire program.

Employement Prospects : MiM at TUM

81%

Employed within 3 months of graduation

77,000

Avg. Salary

    Most Sought-after Jobs

Product management

Business development

Human resources

Operations

Marketing

Sales

The TUM MiM program is designed to prepare students for successful careers in business. The program’s focus on management, technology, and internationalization gives students the skills and experience they need to be competitive in the global job market.

According to the TUM School of Management, 81% of MiM graduates are employed within three months of their course completion. The average starting salary for MiM graduates is 77,495 euros per year.

Some of the companies that hire MiM graduates from TUM include:

  • Accenture
  • Amazon
  • BMW
  • Boston Consulting Group
  • Deloitte
  • EY
  • Google
  • McKinsey & Company
  • Microsoft
  • Siemens
  • Volkswagen

MiM graduates from TUM are also well-suited for careers in startups, small businesses, and non-profit organizations.

In addition to their strong employment prospects, MiM graduates from TUM also have the opportunity to pursue careers in a variety of industries and functions. Some of the most popular industries for MiM graduates include:

  • Consulting
  • Finance
  • Technology
  • Manufacturing
  • Healthcare
  • Retail
  • Consumer goods
  • Logistics

The TUM MiM program offers students a unique opportunity to develop the skills and experience they need to succeed in a global business career. 

With its strong employment prospects, diverse alumni network, and focus on internationalization, the TUM MiM program is a great choice for students who are serious about pursuing a business career.

Eligibility Criteria : MiM at TUM

The minimum requirements for an application to the Master in Management are: 

  • Bachelor’s degree (requiring at least 6 semesters of study) or equivalent in Mechanical Engineering, Electrical Engineering and Information Technology, Civil Engineering, Architecture, Informatics, Mathematics, Games Engineering, Bioinformatics, Biology, Physics, Chemistry, Nutritional Science, Geosciences, Biotechnology, Sport Science, Medicine, or a comparable program at a German or foreign university. A full list (in German language) can be found here
  • Please note that if you have a prior degree in Industrial Engineering, you are not eligible to apply for this program. However, you may be eligible to apply for the Master in Management and Technology and/or Consumer Science.
  • Applicants must also upload evidence of proficiency in English.
  • Additional application via uni-assist if you have not obtained your Bachelor´s degree in the European Union (as well as Switzerland, Norway, Liechtenstein and Iceland)
  • All applicants, who wish to apply for a degree program at a German university with a Chinese, Vietnamese, or Indian school or university degree need a certificate from the Academic Evaluation Center (Akademische Prüfstelle, APS)
  • Additionally, a GMAT score of at least 640 if you obtained your bachelor’s degree in the following countries: China, India, Pakistan, Egypt, and Bangladesh. The new GMAT Focus edition will also be accepted with a score of at least 585 . For more information please click here.

Application Deadlines - MiM at TUM

The application period starts on May 15 and ends on July 15. Period of application to a higher subject semester runs from November 15 to January 15.

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Scholarships Available : MiM at TUM

Audencia Business School is committed to making its Master in Management program accessible to high-performing students from around the world. To this end, the school awards over €500,000 in scholarships each year.

Audencia Scholarships

  • Early Application Scholarship: €1,500; awarded to students who apply to the MiM program before March 1, 2024.
  • Solidarity Scholarship: Up to 20% tuition waiver; awarded to students who demonstrate academic merit and financial need.
  • Women in Engineering & Science Scholarship: Up to 40% tuition waiver; awarded to female students who are pursuing a Master of Science in Management-Engineering degree.
  • Project-based Scholarship for Innovation in Food and Agribusiness: Up to 30% tuition waiver; awarded to students who submit a project proposal that demonstrates innovation in the food and agribusiness sector.

External Scholarships

In addition to Audencia scholarships, international students may also be eligible for funding from other public or private bodies. Some examples of external scholarships include:

  • Eiffel Scholarship
  • Chevening Scholarship
  • Erasmus Mundus Joint Master Degree Scholarship
  • Fulbright Scholarship
  • DAAD Scholarship

How to Apply for Scholarships

To apply for an Audencia scholarship, students must complete the online scholarship application form and submit all required supporting documentation. The deadline for scholarship applications is May 1, 2024.

To apply for an external scholarship, students should visit the website of the scholarship provider for more information on eligibility and application requirements.

Specializations & Electives Offered

The MiM program at TUM School of Management is a four-semester program that consists of a mix of core courses, elective courses, and a capstone project.

The core courses provide students with a foundation in the fundamentals of management, including:

  • Accounting
  • Economics
  • Finance
  • Marketing
  • Operations management
  • Strategic management

Elective courses allow students to specialize in a particular area of management, such as:

  • Innovation & Entrepreneurship
  • Marketing, Strategy & Leadership
  • Operations & Supply Chain Management
  • Finance & Accounting
  • Economics & Policy

The capstone project is a culminating experience that allows students to apply what they have learned in the program to a real-world business problem.

Optional Elective Courses

Students in the MiM program have the option to take elective courses in a variety of areas, including:

  • Innovation & Entrepreneurship
  • Marketing, Strategy & Leadership
  • Operations & Supply Chain Management
  • Finance & Accounting
  • Economics & Policy

Students can choose their elective courses based on their interests and career goals.

Study Abroad

TUM School of Management offers students a variety of options for studying and spending time abroad. Students can choose to study for one semester at a partner university abroad, or they can participate in an internship or research project abroad.

Studying abroad is a great way for students to gain international experience, learn about different business cultures, and expand their network.

Overall, the MiM program at TUM School of Management is a highly ranked program that provides students with the skills and knowledge they need to succeed in a global business career. The program’s flexible structure allows students to customize their education to meet their individual interests and career goals.

FAQs About MiM at TUM

If you send a TOEFL-test to us via ETS, please use the following TOEFL code: University 7806, department 99 (“any department not listed”). If you want to send your GMAT certificate directly to tne TUM please use theses codes according to the program you are applying for:

  • 9MX-9B-34 for Master in Management
  • 9MX-9B-88 for Master in Management & Technology and Master in Sustainable Management & Technology,
  • 9MX-9B-30 for Master in Consumer Science

Unfortunately, this is not possible. All necessary ECTS have to be in your transcript at the time of your application.

It is not necessary to provide a proof of proper health insurance at the time of application. It is sufficient to provide the respective document for enrollment after you have been admitted. You can find more information regarding health insurance here.

Unfortunately, TUM School of Management only accepts a GMAT.

Yes. If you want to apply for more than one program, please send us a separate application for each program you are applying for. This includes all documents, including certified copies. Each application will be processed separately.

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