Part-Time Masters in International Strategic Management & Consulting

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Part-Time Master's Degree in Strategic Management & Consulting (M.Sc.) in Germany

Masters in Management Consulting: A Guide to Corporate Development

It is often a critical view from outside that reveals new opportunities: management consultants are usually hired when an organisation has reached its limits. As external or internal partners, they develop suitable growth strategies, optimize processes or initiate a complete reorientation. The diversity of their projects and their insight into different corporate cultures make the consulting industry ideal for managers who want a steep learning curve.

What will you learn in the part-time management consulting master's degree?

In the part-time master's “International Strategic Management & Consulting” you will learn the specialized knowledge to evaluate risks and potentials of business decisions. Already during your studies, you apply these skills in a Business Simulation Game. Your studies will be rounded off by a Business Skills course as well as a number of other courses.

Flexibility, decisiveness, and high professional competence are only three characteristics of successful consultants. In order to carry out an inventory within the shortest possible time, you need profound specialist knowledge in all areas of business administration. With the part-time master’s degree “International Strategic Management & Consulting” you will acquire the tools to successfully master these challenges.

Masters in Strategic Management Consulting at a Glance

Campus

Cologne

Start of Studies

Winter

Semester

ECTS

120

Study Fee*

3.210 €

All facts in detail

Language English
Type of Study Part-time
Degree Master of Science

Start of Studies Winter Cologne

*The displayed prices are semester fees. For non-EU students' fees please check the tuition fees information page. Status: January 2024.

Study Course Plan

Some information about the study plan for the study programme Masters in Strategic Management:

General business teaching units

Business Economics3 ECTS

Analysis of demand, supply, and market equilibrium
Theory of consumer choice
Theory of the firm, production and cost analysis
Market structures: perfect competition, monopoly, monopolistic competition, oligopoly, contestable markets
Game theory
Pricing strategies
Factor markets, labor economics
Economics of information
Industrial organization
Limitations of markets and interventions by the government
Econometric techniques related to these topics

Empirical Research Methods3 ECTS

Development of a research question
Primary vs. secondary data
Steps of research process
Research designs
Quantitative and qualitative data
Structured methods of data collection: questionnaire and structured interview
Un- and semi-structured methods: qualitative interview and focus group
Quantitative and qualitative content analysis
Ethical considerations of data collection
Sampling
Data analysis using statistical software programs (SPSS)
Univariate analysis, bivariate analysis (crosstab and correlation), multiple linear regression
Writing a research report – structural and other formal requirements

Strategic Analysis & Management3 ECTS

Strategy making process and strategic reasoning: cognitive process of strategy
creation through the prism of logic and intuition
Setting strategic purpose in the context of responsible stakeholder management
Advanced external environment analysis: markets, industries and competitive
landscapes in static and dynamic perspective in the domestic and international
context
Diagnosing and managing strategic capability through national borders over time
Cultural and institutional context of strategic management: concepts, frameworks
and analytical tools
Generic and interactive business strategies, inside-out and outside-in perspective on
achieving and sustaining competitive advantage internationally
Network-level strategies
Corporate development and configuration: strategic options and portfolio matrices
Strategy formation
Strategic change and corporate restructuring
Strategic renewal
Strategy evaluation and strategic controls: tools and methods
Organizing for success

Innovation Management & Digital Transformation3 ECTS

Diagnosing the change context: diffusion and dynamics of innovation
Sources & types of innovation
Product/service, process & business model innovation
Individual and corporate creativity
Strategic innovation management & the innovation process incl. New Product Development (NPD)
Introduction to digitalization, digital age & digital divide
Digital drivers & disruptive forces
Technological drivers of digital transformation
Socio-technological change associated with the adoption of the mentioned drivers
Introduction to the digital organization & digital business models
Impact of digitalization on the value chain (Industry 4.0)
Digitalization-related innovation theories & technology management
Digitalization leadership & organisational transformation concepts
Change management & transformational leadership
Agility and VUCA world
SCRUM and Design Thinking

Programme specific teaching units

Consulting Techniques3 ECTS

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
Creative approaches to problem solving and decision making
Evidence-based decision making methods
Structured and logical report writing techniques
Effective communication techniques

Evidence-Based Problem Solving - CaseLab3 ECTS

Strategy process
Strategic thinking
Strategy formation
Strategic content and context
Organizational context
Industry context

Interdisciplinary competencies

International Project Management2 ECTS

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

General business teaching units

Corporate Social Responsibility3 ECTS

Cornerstones of sustainable management
CSR as management approach
Practical approaches of organizational effectiveness
Tools for CSR implementation
CSR and financial performance
Life cycle assessment

Corporate Governance3 ECTS

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
Socially responsible investments
Corporate governance in different regions

Value Based Management3 ECTS

Value maximization and corporate objectives, shareholder value and stakeholder value approach
Financial measurement of corporate strategies and competitive advantage: the principles
Shortcomings of traditional profitability ratios for a value-based management
Economic Value Added, Cash Value Added
Identifying the drivers of value creation and investment decision-making
Management compensation and incentives for value creation

Sustainable Supply Chain Management3 ECTS

Defining the state of a sustainable supply chain based on actual trends
Discussion of various theoretical concepts (e.g. Stakeholder Theory, Slack Resource Theory) and their implications for sustainable supply chain management
Defining a “New Normal” of how to do business (e.g. circular economy, regenerative business models, carbon literacy training)
Sustainable Marketing (definition, Green Marketing Strategy Mix, Green Washing and Sustainable Consumer Buying Behaviour)
Sustainable Procurement (definition, Sustainable Procurement Process Model with a focus on sustainable supplier relationship management; new trends like circular procurement)
Sustainable Logistics
Sustainable Design
Carbon Emission / Human Rights in global supply chains

Critical Reflection6 ECTS

Programme specific teaching units

Strategic Investment Decision & Risk Management3 ECTS

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

Experience Lab: Search Engine Marketing3 ECTS

Introduction: definition
Search Engine Optimization / SEO
Keyword research
On-page SEO
Web analytics and SEO tools
Search Engine Advertising/ SEA
Campaign settings

Interdisciplinary competencies

Event Management (Ted Talk) Seminar3 ECTS

Basics of event management
Objective of the event and different types of events
The event as a marketing and communication tool
Planning and preparation
Event execution
Tasks and role of the event manager
Choosing the right venue
Personnel selection

Programme specific teaching units

Strategic Renewal & Digital Business Models3 ECTS

Corporate strategy
Development of a corporate strategic concept
Corporate strategy evaluation and development of strategic options
Emergent and prescriptive approaches

Applied M&A & Restructuring3 ECTS

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 strategies

Industry 4.0 & System Engineering3 ECTS

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

Environmental Impact Management and Marketing3 ECTS

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

Business Project6 ECTS

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.

Critical Reflection 26 ECTS

Programme specific teaching units

Data Science3 ECTS

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 Intelligence3 ECTS

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

Venture Lab6 ECTS

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, key partners, key activities, key resources, cost structure)
Business Plan: Introduction, Sample Case and General Outline
Developing the details of the business plan
Finding sources of financing: Business angels; Private equity; Start up financing; Venture capital investors
Preparing a pitch deck for successfully presenting the new venture business plan

Integrative Case Studies3 ECTS

Focused review of the curriculum content
Pre-assessment quiz/ content area assessment as benchmark for students’ status quo
Guide and Strategic Plan to Case Study Analysis
Writing a proper Case Study Analysis report
Developing proper answers to Case questions, applying the relevant theoretical knowledge and frameworks
In-depth Case Study Analysis with focus all subject areas of the curriculum
In-depth Case Study Analysis with special focus on Strategic Management

Business Simulation Game3 ECTS

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 Tutorial2 ECTS

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.

Interdisciplinary competencies

Assessment Center Bootcamp3 ECTS

Consulting Industry/Professional Services as an example for an industry where ACs are key: Sector Overview incl. Company Profiles with focus on different specializations: HR, Strategy, Marketing, Finance etc.
Job application and interview training
Case study training, e-Case study training
Framework for processing case studies
Brain Teaser Training
Case Simulation (Individual and Group Cases)
Psychological tests
In-Tray and Group exercise training

Programme specific teaching units

Master Thesis24 ECTS

During your 5th semester you are working on your Master thesis, 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.

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Stepping stone to top employers

Whether a big international corporation, medium-sized company, or small start-up. The part-time master's degree in “International Strategic Management & Consulting,” gives you plenty of opportunities to kick start your career in strategic management consulting.

Build up your expertise with a graduate degree

Take your next step

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Graduate as a young expert in international strategic management & consulting

Proven methods and strategies ensure that consultants can work faster and more efficiently. In the first two semesters at CBS International Business School you will get to know these methods in seminars such as “Strategic Analysis and Management”, “Consulting Techniques” and “Evidence-based problem solving – CaseLab”.

Accompanying the strategic relaunch

Change processes in companies usually encounter resistance, even though opportunities often lie in change. Consultants give their clients the security they need on their way to restructuring or mergers. Therefore, the focus of the third semester is on the topic of “restarting a company”. From the fourth semester onwards, you will also deal with the challenges of organisational structures and development and take part in a business simulation game with your fellow students. You complete your studies with a master thesis in the fifth semester.

Learning by doing

Security in customer consulting cannot be studied – it must be obtained in real life. During your part-time master’s degree, you will have the opportunity to participate in a Business Project and a Capstone Simulation Game. Our lecturers will also give you an authentic picture of the profession and have a large network of industry representatives at their disposal through their practical experience.

What are the requirements for the part-time masters in management consulting?

Graduates with a bachelor’s degree in economics can apply for a place in the part-time master’s degree “International Strategic Management & Consulting”. Advanced English language skills are a requirement for English-language courses.

Stepping stone to top employers

This is what our students say

Philip Kollmann

Project Manager
Wayne´s Coffee

"Especially the soft skill courses have been of great help for my performance in job interviews. Through my work in the Finance and Business Club I have built up a broad network and acquired project management skills that have enabled me to score points with companies."

Katrin Rieger

Bereichsdirektorin Reisevertrieb Deutschland / Vice President Sales
HanseMerkur Krankenversicherung

"The practical learning in small groups prepared me optimally for today's project and team work. The CBS provided me with the decisive soft skills and current knowledge from the world of business."

Christopher Rosenbaum

Manager
Ernst & Young GmbH
Wirschaftsprüfungsgesellschaft

"The Management Studies programme prepares you thoroughly for the tasks of a consultant. In particular, the development of presentation techniques as well as analytical thinking is of enormous importance in the everyday life of a consultant."

Oliver Kiderle

EMEA Regional Product Expert
Google Inc.

"The focus on internationality and practical skills have had a very positive influence on my development at Google. Especially the structured and very versatile project work, which is often found at a private school, was extremely helpful."

Kalle Kenkel

Commercial Excellence Manager
GE Healthcare

"My studies at CBS prepared me for a career in today's dynamic, global work environment. As one's origin and physical location become less and less decisive, it has become increasingly important to have a multinational network and adapt quickly to various cultures and environments."

Neil Jordaan

Global Digital Content Manager
Elanco

"Many professors shared their professional business experience with us in class and were able to illustrate dry theory with practical examples. I also enjoyed the international atmosphere on campus."

Patrick Stein

Head of Human Resources
Boston Consulting Group

"The strongly practice-oriented studies and the international orientation of the CBS, as well as the lectures held in English, were an absolutely necessary basis for starting a career with a renowned, international company."

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