Business Development (MSc) | HSBA

Business Development (MSc)

Roland Magunia

Study Profile MSc Business Development

This part-time Master of Science, taught entirely in English, focusses on business planning and innovation in a digitalised and globalised world. Students will learn to apply advanced tools and processes, including collecting and analysing numerical data in large quantities, when developing new products and services. Knowledge in applied maths and stats is equally important in this context as are negotiation and project management skills. 
Students learn to run complex projects successfully, structure change processes and actively embrace and design digital thinking in companies.

Highlights of the Study Course

  • Study trip to China or another international destination

  • Multiple case studies

  • Several real-life projects

  • Teaching methods include Design Thinking, Kanban, Agile and Scrum

  • Digital Toolbox @ HSBA

  • JOB & MASTER Programme: JOB & MASTER is a free-of-charge placement service for applicants who wish to combine a challenging academic education at HSBA with valuable professional experience.

  • Mentoring Programme: Students are matched with experienced HSBA Alumni from the Hamburg business community, offering to be ideal sparring partners / role models.

Facts on the Study Course

Students 25 students on average, maximum of 40 students per class
Degree Master of Science with the right to proceed to doctoral studies
Credits 120 ECTS
Language English
Course Duration 30 months, start on 1 October
Course Organisation Part-time, contact hours on extended weekends and some full-time weeks
Admission Requirements Good bachelor's degree in economics, business or similar; work experience not obligatory but beneficial for JOB&MASTER-placement, B2-level in English
Mentoring Programme HSBA alumni from the Hamburg business community
Financing JOB&MASTER (if eligible), additional grants
Study Fees 22.500 Euro (=750 Euro per month)*, early-bird discount of 10% if application is received by 31 May. Fee including examination fee; excluding costs for study trip.
Application Process Written application, telephone interview, admission day. Applications are accepted until the maximum number of students has been reached. We recommend to apply early, since grants and placements via JOB&MASTER (if eligible) are allocated on a first-come-first-serve basis. Non-EU/EEA students should apply early to allow time for visa applications.
Accreditation FIBAA (Foundation for International Business Administration Accreditation).

HSBA alumni and staff at partner companies, Job&Master candidates as well as applicants who apply before 31 May receive a 10% discount.

Impressions from our Students

"I can sincerely say that HSBA offers a very lively, comfortable and fun environment to study. After my Erasmus semester in HSBA nearly three years ago, I knew I had to return to fully benefit from the innovative study structures, incredibly qualified and successful professors, warm, helpful staff and the international environment at HSBA. What I enjoy most is the entrepreneurial context of our courses. It helps us reach an entrepreneurial, growth-mindset that can easily be applied on an intrapreneurial level too."

Ece Irmak Piber
MSc Business Development (Class of 2021)

"The MSc Business Development at HSBA combine the foundations of business administration with the tools of modern entrepreneurship. Focusing on the innovative and digital business world of the 21st century, the degree programmes provide students with the opportunities and skills to master the challenges of the future."

Lukas Bilowitzki
MSc Business Development (Class of 2021)

Study Structure

To successfully complete the programme and be awarded the Master of Science degree, 120 ECTS must be collected. The credits are spread over ten modules in the first year and seven modules (Digital Toolbox / Master's elective) in the second study year. The programme concludes with the thesis.

Study Plan

Study Content: Semester 1
  • Product Management
    5 ECTS
    1 term/s
    English
  • Intra-/Entrepreneurship
    5 ECTS
    1 term/s
    English
  • Scientific Methods & Competences
    5 ECTS
    1 term/s
    English
  • Data Analysis & Statistics
    5 ECTS
    1 term/s
    English
  • Project Management
    5 ECTS
    1 term/s
    English
Study Content: Semester 2
  • Case Studies
    5 ECTS
    1 term/s
    English
  • Service and Product Design
    5 ECTS
    1 term/s
    English
  • Innovation Management
    5 ECTS
    1 term/s
    English
  • Digital Economics
    5 ECTS
    1 term/s
    English
  • Applied Econometrics
    5 ECTS
    1 term/s
    English
Study Content: Semester 3
  • International Markets & Study Trip
    5 ECTS
    1 term/s
    English
  • Project Intrapreneurship
    5 ECTS
    1 term/s
    English
  • Strategic Business Development
    5 ECTS
    1 term/s
    English
  • Digital Toolbox/Masters' Elective
    5 ECTS
    1 term/s
    English
Study Content: Semester 4
  • Project Entrepreneuship
    5 ECTS
    1 term/s
    English
  • Research Seminar Business Development
    10 ECTS
    1 term/s
    English
  • Sustainable Innovation & Compliance
    5 ECTS
    1 term/s
    English
  • Corporate Finance
    5 ECTS
    1 term/s
    English
Study Content: Semester 5
  • Master's Thesis & Colloquium
    25 ECTS
    1 term/s
    English

Business Development Course Content

The core modules focus on designing successful business models and innovation in a changing world. Students learn to organise a company strategically and financially, while dealing with challenges and change, deploying careful analysis at all times. In the Project modules students act as consultants, facing real-life problems and thereby applying theory in praxis.

The shared modules with students from MSc Finance include Project Management where concepts such as Design Thinking, Scrum or Agile are taught. Data Analysis & Statistics focusses on IT tools like MatLab, delving deep into maths and stats. Negotiation techniques and research methods are acquired in Scientific Methods & Competences, conveying methodological and analytical skills. Sustainable Innovation & Compliance, Digital Economics and Applied Econometrics highlight the need for embracing digitalisation and provide a combination of mathematically well-grounded method-building and wide-ranging applied work with data. Students gain an international perspective on business development in International Markets & Study Trip, a module which takes the cohort abroad (current destination: Shanghai).

Students from across all postgraduate courses learn together in Digital Toolbox/Elective which is a unique offering on digital tools and strategies.

Lecturers

Application Process

For the MSc Business Development the following admission requirements apply:

  • A completed third-level degree in economics or business with 180 ECTS, including good knowledge in maths and stats. The degree should have been completed with a minimum German grade “good” (2.5) or equivalent.
  • Ability to study in English (minimum level: B2 of the European Framework of Reference)
  • Letter of recommendation from a current or recent employer or an academic reference.
  • Successfully completed HSBA selection process (written application, telephone interview, admission day); see below.

Secure Your Study Place on the MSc Business Development in Four Easy Steps:

Step 1: Written Application Please send the following documents in one PDF to masters.admissions@hsba.de: Application form, motivation letter in English, CV, academic or professional reference, degree certificate, transcript of records, English language certificate (min. B2)  
Step 2: Telephone Interview You are asked to explain your motivation to study at HSBA and you can ask questions about the programme and the university. The telephone interview lasts about 30 minutes.  
Step 3: Admission Day We meet in person! We get to know you better while you complete different tasks throughout the day. Today you also have the chance to visit our campus, meet professors and ask more questions.  
Step 4: Admission If successful at the Admission Day we welcome you to HSBA officially. If applicable, you will be accepted into the JOB & MASTER programme, too, and you will of course receive your contract and further information relevant to the programme.  

Financing

The course fees are 22,500 Euro for the overall programme. HSBA alumni and staff at partner companies, JOB & MASTER candidates as well as applicants that apply before 31 May receive a 10% discount. 

The course fees include the exam fees but please be aware that costs related to the study trip are not included. Usually the employer pays a part of the course fees.

Your Financing Options

If the applicant is already in employment, it may be possible, depending on the company, for the employer to cover most of the tuition fees.

HSBA’s JOB & MASTER programme is a free placement service for applicants (still) looking for employment. If you are eligible to join the placement service, HSBA will assist you finding a job. Please note that not all students may be eligible to take part. Please inform us if you are interested in the JOB & MASTER programme, so we can advise you accordingly. 

With Income Share Agreements (ISA) tuition fees are financed in whole or in part by CHANCEN eG. In return, starting from a fixed annual minimum income, the student will repay a fixed share of his income to the Chancen eG after completing his studies. The concept envisages that student repayments can be used to fund study places for future generations using the same model. On the website of Chancen eG you can find further information.

Feel free to contact us if you have any questions.

Of course, you can also finance your studies yourself. There are some options to support you:

HSBA Scholarship: As part of the HSBA study funding programme, a maximum funding of 50% of tuition fees is possible. Other funding programmes and scholarships remain unaffected. More information on the HSBA scholarship here.

Germany Scholarship: The "Deutschlandstipendium" scholarships are awarded based on performance and amount to EUR 300 per month. 50% stem from public funding from the German government and 50% from the university's own private funding. For further information please take a look at the specific information and regulations regarding the "Deutschlandstipendium". 

Scholarships & Foundations: For further funding needs, HSBA students may qualify for other scholarships. A good place to look for the most appropriate scholarship is mystipendium.de. To find a suitable foundation, please check the platform stiftungssuche.de. When choosing a scholarship, always make sure that students of part-time Master's programmes are eligible to apply.

Student Loans: The following banks offer student loans on special terms:

Further information on the topic can be found on the websites www.studienkredit.de and the CHE-Studienkredit-Test 2016. Please be aware that these websites are only available in German.

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