Strategic Management and Consulting (M.Sc.)

Study language English Intake Fall Duration 4 Semesters
ECTS 120 Type of study Full-Time Qualification Master of Science
Semester abroad Optional Internship Integrated Campus Cologne | Mainz
Tuition (Cologne) 5.370 €* Tuition (Mainz) 5.070 €* Financing More info >>
*The displayed prices are semester fees. For non-EU students' fees please check the tuition fees information page. Status: Jan 2020.

Study Course Plan

Business Economics

  • Demand analysis & estimating demand
  • Supply and market equilibrium
  • Production economics
  • Estimating cost functions and production functions
  • Prices, output and strategy in different markets
  • Game theory models of oligopoly
  • Pricing techniques and analysis

Empirical Research Methods

  • Quantitative and qualitative methods
  • Development of a research question
  • Steps of research process
  • Methods of data collection
  • Data analysis using statistical software programs

Corporate Social Respon­sibility

  • Theories of corporate social responsibility
  • Cornerstones of sustainable management
  • CSR as management approach
  • Practical approaches of organizational effectiveness
  • Tools for CSR implementation
  • CSR and financial performance
  • How to communicate CSR

Corporate Governance

  • Historical developments around the world
  • Directors and board structures in different parts of the world
  • Family business governance
  • Role of institutional investors
  • Corporate governance in mergers and acquisitions
  • Corporate governance in different regions

Strategic Analysis & Management

  • Strategy making process and strategic reasoning
  • Advanced external environment analysis
  • Cultural and institutional context of strategic management
  • Corporate development and configuration
  • Strategic change and corporate restructuring
  • Strategy evaluation and strategic controls
  • Organizing for success

Innovation Management & Digital Transformation

  • Diagnosing the change context and leading the strategic change
  • Dynamics of innovation & their implications for change management
  • Individual creativity and invention
  • Creativity techniques
  • Corporate creativity & intrapreneuring
  • Innovation and technology strategies
  • Managing innovations
  • Open innovation
  • Diffusion of innovations
  • Cultural differences in innovation capability

Consulting Techniques

  • Management consulting as a management activity
  • Management consulting as an industry and profession: areas, history, development in the era of globalization
  • Controversies and ethics of management consulting
  • Consulting engagement as problem solving exercise
  • Analytical and interactive data processing and forecasting methods
  • Analytical problem solving approaches and techniques

Evidence based Problem Solving - Case Lab

Integrative case-based in-class discussion approach

  • Strategy process
    • Strategic thinking
    • Strategy formation
    • Strategic change
  • Strategic content and context
    • Organizational context: inside-out perspective
    • Industry context: outside-in perspective
    • Global context

Advanced Inter­cultural Team Leadership

  • Cultural theories and models
  • The influence of culture on behaviour
  • Team typologies
  • Phases of team development
  • Trust and control
  • Emergence and avoidance of conflicts
  • Leadership verses management
  • The impact of leadership behaviour on teams

Assessment Center Bootcamp

  • Consulting Industry: Sector Overview Company Profiles – Job Opportunities and Consulting Careers
  • Job profile: Characteristics of capabilities and skills needed as a consultant
  • Job application and interview training
  • Consulting (mini) case study training
  • Framework for processing case studies
  • Brain Teaser Training
  • Case Simulation (Individual and Group Cases)
  • Industry-Insights by Junior or Senior Consultants, Alumni, Managers

Language & Communication Skills

The “Advanced Critical Thinking & Writing Skills” course is offered for German native speakers. Non-native speakers of German can choose between the “Advanced Critical Thinking & Writing Skills” course taught in English and German as a foreign language.

International Economics

  • The global economy
  • Globalization and income
  • Globalization and international trade
  • Trade and comparative advantage
  • David Ricardo’s theory of comparative advantage
  • Modern trade theory: Heckscher-Ohlin and imperfect competition models
  • Trade barriers and trade policy

Applied Management Accounting

  • Systems design: Job-order costing
  • Systems design: Process costing
  • Cost-volume-profit relationships
  • Variable costing
  • Activity based costing to aid decision making
  • Sustainability and ethics in accounting decision making

Strategic Renewal & Digital Business Models

  • Corporate strategy: review of theory and practice
  • Corporate development: areas of consultant’s engagement
  • Development of a corporate strategic concept
  • Corporate strategy evaluation and development of strategic options on the local, regional, national and international level
  • Finding the route forward: emergent and prescriptive approaches Gap closing strategies (Buy, Build or Ally)

Applied M&A & Restructuring

  • Corporate strategy evaluation and development of strategic options
  • Emergent and prescriptive approaches
  • Gap closing strategies
    • Buy strategies: Mergers and Acquisitions
    • Build strategies: Strategic renewal, organic corporate development strategies
    • Ally strategiesMachine learning, AI and neural networks

Data Science

  • Machine learning, AI and neural networks
  • Information visualization
  • Big Data and statistical methods for big data analysis
  • Data mining
  • Database systems (e.g Hadoop, Kubernetes)

Business Intelligence

  • Introduction in Business Intelligence
  • KPIs and Dashboards
  • Report definitions
  • Multidimensional Modeling
  • OLAP
  • Data warehouses within a company infrastructure
  • Interfaces and ETL
  • BI Software Products

Business Project

The overall objective of this course is to provide students with possibility of applying their business knowledge on concrete business situation, related to the field of their specialization.

By the end of the module students should be able to:

  • Define project goals for the “client”.
  • Work under the set timeframe and agreed project scope.
  • Cooperate in the international project teams.
  • Evaluate markets/ industries/ competitive landscapes.
  • Develop possible strategic directions for the “client” business.
  • Formulate recommendations.

Project & Change Management

  • Basic competence (Project specifications, project goals and evaluation, project phases and cycles, project norms and rules)
  • Social competence (Communication, motivation, groups and team structures, leadership, conflict management)
  • Methodological competence (Structural   aspects,   time   management,   cost management, human resource management, creativity and problem solving)
  • Organisational competence (Quality management, documentation, risk management, project start and closure)

Event Management Seminar (Ted Talk Seminar)

  • Basics of event management
    • Objective of the event and different types of events
    • The event as a marketing and communication tool
  • Planning and preparation
    • Development of event strategy and conceptualisation of the event
    • General project management
    • Accounting, budgeting and controlling
    • Risks and liability issues
  • Event execution
    • Tasks and role of the event manager
    • Choosing the right venue
    • Personnel selection
    • Event technology, catering

Language & Communication Skills

The “Advanced Critical Thinking & Writing Skills” course is offered for German native speakers. Non-native speakers of German can choose between the “Advanced Critical Thinking & Writing Skills” course taught in English and German as a foreign language.

Value Based Managemnet

  • Financial measurement of corporate strategies: the principles
  • The gap between book values and market values
  • Economic value added
  • Cash flow return on investments
  • Customer life-time value

Sustainable Supply Chain Management

  • Discussion of various theoretical concepts and their implications for sustainable supply chain management
  • Green marketing
  • Green procurement
  • Green logistics

Industry 4.0 & System Engineering

  • Innovative concepts, technologies and systems which are required for Industry 0
  • Use cases (Digital Twin, Predictive Maintenance, Condition Monitoring ) for Industry 4.0
  • Maturity and Readiness Model for Industry 0 Strategy
  • Business models in Industry 0
  • Systems analysis, systems design, systems architecture

Environmental Impact Management

  • Historical developments and environmental policies: Evolution and role of industrial ecology and environmental management
  • The transition from a linear to a circular economic system
  • Industrial Metabolism, Dematerialization, Cradle to Cradle (C2C) & Circular Economy
  • Life-Cycle-Impact Portfolio and Life-Cycle-Assessment: Stages of LCA process, interconnectedness to supply chain

Strategic Investment Decision & Risk Management

  • Investment decisions under conditions of uncertainty
  • Types of Investments and disinvestments
  • Investment Decisions under capital constraints
  • Strategic Analysis of selected investment decisions
  • Funding Decisions
  • Financial Distress

Business Simulation Game

In a business simulation game participants have to manage their own virtual company which operates in the same market as other participant-operated competitors. This involves making typical management decisions in realistic environments. Beside the deepening and active examination of subject-specific knowledge the simulation games also include the team environment, where interaction, communication and prioritization are of paramount importance. Participants learn how to manage risk and uncertainty while time is limited and information constrained. Group-reflections help to take over different perspectives and to discuss pros and cons of content- as well as behavior-related actions.

Master Thesis Tutorial

During the Master Thesis Tutorial you will learn the fundamentals for your Master thesis: Defining the topic as well as structuring the thesis and you will learn the theoretical knowledge for scientific working.

Skills Elective

In the Soft Skills Courses you will improve your social, leadership and project management skills. Additionally to the courses in the first and second semester you can choose another one in the third semester. Decide for yourself which of your personal competences you want to push forward.

Business Plan Writing & Pitching

  • Discovering and evaluating entrepreneurial opportunities
  • Developing business ideas from opportunities (e.g. based on using Design Thinking, Personas and User Stories).
  • Feasibility analysis of business ideas
  • Transferring the idea into a Business Model
  • Business Model and its building blocks (value proposition, customers segments, channels, customer relationships, revenue model, keypartners, key activities, key resources, cost structure)

Language & Communication Skills

The “Advanced Critical Thinking & Writing Skills” course is offered for German native speakers. Non-native speakers of German can choose between the “Advanced Critical Thinking & Writing Skills” course taught in English and German as a foreign language.

Master Thesis

During your 4th semester you are working on your Master thesis. You have 19 weeks to complete your thesis and the subject is freely selectable. A supervisor from CBS will support you and you can write the thesis in collaboration with a company as well. Or you can write your thesis in connection with a stay abroad.

General business teaching units
Programme specific teaching units
Interdisciplinary competencies
Elective area

During the summer semester break you complete a national or international internship (10 ECTS). Our Career Service department will help you to find a suitable company.

Kristina Behr

+49 (0) 221 93 18 09-31

Alexa Pfeiffer

+49 (0)6131 88055 31

11. Mar

Online Information Session - Master's

In our Virtual Information Session, you can get to know CBS International...
11. Mar

Online Information Session - Master's

In our Virtual Information Session, you can get to know CBS International...
12. Mar

Online Information Session - MBA

In our Virtual Information Session, you can get to know CBS International...

Master`s in Consulting: Holistic training for the next generation of consultants

With its comprehensive training concept, the master`s in Consulting prepares you optimally for positions in management or consulting companies. Within four semesters, you will thus become able to make far-reaching decisions for your future employer on the basis of figures and facts.

What strategy change should a company implement? And which consulting tools and techniques do you use to base your evidence on to justify this change in strategy to the management? In your master’s degree in “Strategic Management and Consulting” you will not only acquire a comprehensive understanding of the entirety of a business model, but also apply a comprehensive Consulting Tools Kit that will prepare you ideally for the demands of the professional world. After successful completion of your consulting studies you will be awarded the title “Master of Science”.

Targeted further development of consulting and management skills

Can you imagine using your analysis and decision-making skills to successfully manage your company? In our English-language master`s programme in Consulting you will acquire all the necessary specialist and methodological skills for this: you will deal intensively with the digital aspects and considerations of sustainable management and take a look at the topic of “Business Models”. The major changes in traditional industry structures and the continuous transformation of successful business models – especially in times of digitalisation – require clever strategic approaches and answers, which you will acquire in the “Strategic Renewal” course. In addition, you will develop an understanding of business start-ups and your own start-up idea as a basis for management consulting in subjects such as
· Strategic Investment Decision and Risk Management
· Strategic Renewal and Digital Business Models
· Environmental Impact Management
· Corporate Governance

Master in Consulting: In-depth knowledge in international business

Consultants need a broad understanding of business administration in order to find effective solutions for business challenges. They achieve their project goals by examining the individual starting position, identifying new opportunities early on and realising them within the company in a resource-saving manner. During your master`s in Consulting you can expect the following in-depth teaching content:

  • International Economics
  • Business Economics
  • Applied Management Accounting
  • Empirical Research Methods

Developing analytical skills

During your master`s in Consulting you will learn different methods for analysing large amounts of data (Big Data), on the basis of which you can make your operational decisions with confidence. In our module “Innovative Data Analysis” you will also deal with the topic of “Business Intelligence” and learn how to find number-based, goal-oriented solutions. In addition, you can develop your analytical skills in these courses:

  • Industry 4.0 and System Engineering
  • Environmental Impact Management
  • Data Science

Practice-oriented teaching content: Consulting Techniques and Consulting Tools

Speed and efficiency are trumps in management consulting. Experienced consultants draw on proven tools to develop optimal strategies in the shortest possible time. During your master’s degree course in “Strategic Management & Consulting” you will learn these methods in courses such as “Consulting Techniques” and immediately test them in a “Student-centred learning approach” using case studies from successful companies in the course: “Evidence-based Problem Solving – Case Lab”. In addition, you will apply the methods learned in a real business context in our practical phases, such as an internship of at least eight weeks or in a business project.

Innovative skill formats: Pitching and Assessment Center Bootcamp

Put your knowledge and skills to the test in our business skills training courses: Our “Assessment Center Bootcamp” prepares you intensively for the examinations in assessment centres of large management consultancies. You will not only critically examine the various questions and questioning techniques but can also test your stress resistance in a fake selection process. The following skill formats are also taught in the second semester:

  • Ted Talk Seminar
  • Business Plan Writing and Pitching

Excellent future prospects in strategic management and consulting

Consultants are the first point of contact when it comes to steering a company on the road to success. In the first two semesters you will deal intensively with the change of business models, value chains, strategic-organisational changes in the company as well as approaches and methods of strategic management. How does digitisation affect companies? And what challenges does the economy face in the context of Industry 4.0? These and other questions are aimed at the special underlying conditions of companies today and are dealt with intensively in courses such as “Innovation Management and Digital Transformation” and “Industry 4.0 and System Engineering”.

High practical relevance in the master`s in Consulting

Practical experience in strategic management and consulting should not be underestimated: In consulting, decisions with wide-reaching consequences are made, which do not always meet with a positive response from customers or management. This requires tact and assertiveness, which can best be acquired through practical experience: During your master`s in “Strategic Management and Consulting” you will complete an internship of at least eight weeks in Germany and abroad and work on real business cases in a business project with our practice partners or in our business simulation game.

If you wish, you can also complete your master’s thesis in the field of consulting with a high practical relevance: For many students, the thesis written as part of a project serves as a first taste of work for a future employer. If desired, the master’s thesis can also be written during a semester abroad at one of our more than 120 partner universities.

Your career opportunities with a master’s in Strategic Management & Consulting

A master’s degree programme in “Strategic Management & Consulting” opens up attractive career opportunities in various fields of work:

  • Management consultancy
  • In-house consulting
  • Strategy consulting
  • Corporate development
  • Project management
  • M&A advisories
  • Assistance to the management
  • Strategic positions in family businesses
  • Activities within the manufacturing industry
  • Activities within start-ups

The expertise of a consultant is in great demand across all sectors. For example, they work in the IT sector, logistics, banking, technology and telecommunications, as well as in the chemical and pharmaceutical industries. Even if you don’t want to commit yourself to one industry within your studies – with the title Master of Science in “Strategic Management and Consulting” all paths within the consulting industry are open to you. In addition, you are also excellently qualified for a subsequent doctorate as the basis for an academic career.

Our advisory services

Make an appointment for a non-binding study consultation, take advantage of a trial lecture or visit one of our informational events.

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