Master Entrepreneurship
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Which Master's in Entrepreneurship is right for you?

In an increasingly innovation-driven economy, entrepreneurial thinking is becoming more important than ever. If you want to start your own business or rethink existing business models, a master's degree in entrepreneurship is the ideal foundation. But which study program best suits your goals? In this article, we compare three selected master's programs with a focus on entrepreneurship: at Munich Business School, Fresenius University of Applied Sciences, and Gisma University. We take a look at the content, focus areas, international orientation, and practical relevance to highlight the respective strengths of each program.

A brief overview of the degree programs

Before we compare the degree programs in detail, let's take a quick look at the individual programs. Each of the three universities—Munich Business School, Fresenius University of Applied Sciences, and Gisma University of Applied Sciences—offers master's degree programs with specific focuses and orientations in the field of entrepreneurship.

Master Innovation and Entrepreneurship (Munich Business School)

The Master's program in Innovation and Entrepreneurship at MBS is aimed at founders and innovators who want to learn in a practical way how to develop new business models and build companies. The program places great emphasis on internationality, personal development, and close ties to Munich's start-up scene.

Master Business Administration with Entrepreneurship as an elective (Hochschule Fresenius)

The M.Sc. in Business Administration with Entrepreneurship as an elective subject at HS Fresenius offers a solid foundation in business administration combined with entrepreneurial content such as business planning, innovation, and start-ups. The elective structure allows students to set individual priorities within a classic Business Studies master's program.

Master Creative Entrepreneurship (Gisma University of Applied Sciences)

The MSc Creative Entrepreneurship at GISMA is specifically designed for creative minds who want to implement entrepreneurial ideas in areas such as design, media, or art. The program combines creativity with business knowledge and promotes the development of personal projects in the international environment of Potsdam and Berlin. The degree program is currently still in the accreditation phase (as of May 5, 2025).

Special features of the three Master's programs in Entrepreneurship

The following special features play a role in one or more of the Master's degree programs in Entrepreneurship at Munich Business School, Fresenius University of Applied Sciences, and Gisma University of Applied Sciences. They provide insight into the content, structure, and special features of the programs and illustrate how these degree programs promote practical learning, individual design options, and international experience.

Munich Business School Master Innovation and Entrepreneurship

Case Studies: Integrated✔️

Elective(s): Integrated ✔️

International Focus: Integrated ✔️

Semester Abroad: Possible ❔

Internship: Possible ❔

Dual Degree: Possiblen ❔

Mentoring Program: Integrated ✔️

Project Work: Integrated ✔️

Start-up Project: Possible ❔

Hybrid Learning Scheme: Not planned ❌
╰┈➤ Conclusion: 7/10
Hochschle Fresenius Master Business Administration with Entrepreneurship Elective

Case Studies: Integrated ✔️

Elective(s): Integrated ✔️

International Focus: Not planned ❌

Semester abroad: Not planned ❌

Internship: Not planned ❌

Dual Degree: Not planned ❌

Mentoring Program: Not planned ❌

Project Work: Integrated ✔️

Start-up Project: Possible ❔

Hybrid Learning Scheme: Not planned ❌
╰┈➤ Conclusion: 3,5/10
Gisma University of Applied Sciences Master Creative Entrepreneurship

Case Studies: Not planned ❌

Elective(s): Possible ❔

International Focus: Not planned ❌

Semester abroad: Possible ❔

Internship: Possible ❔

Dual Degree: Not planned ❌

Mentoring Program: Not planned ❌

Project Work: Possible ❔

Start-up Project: Possible ❔

Hybrid Learning Scheme: Integrated ✔️
╰┈➤ Conclusion: 3,5/10

Explanation of concepts

Below, we briefly explain what the concepts and terms used in the Master's program in Entrepreneurship mean.

Dual Degree

A double/dual degree enables you to earn two master's degrees in just one period of study, often by spending an additional semester at a partner university abroad. This broadens both your professional qualifications and your international career opportunities.

Mentoring Program

A mentoring program connects you with experienced professionals or alumni who are ready to provide valuable advice, career tips, and personal support.

Project Work

Project work consists of practical tasks in which you work alone or in a team over a longer period of time on a specific topic or problem and present your findings at the end.

Start-up Project

A start-up project is usually a project that accompanies your studies, in which you develop your own business idea, draw up a business plan and, in some cases, even take the first steps towards implementation – often accompanied by coaching or pitch situations.

Hybrid Learning Scheme

The Hybrid Learning Scheme is a learning model that combines face-to-face teaching with digital teaching formats, allowing you to switch flexibly between on-site participation and online study.

University accreditations

The accreditation of each university is an important indicator of the quality and recognition of its degree programs. Institutions such as the Ministry of Education, FIBAA, the Science Council, and renowned international accreditation organizations such as AMBA, AACSB, and EQUIS examine the academic excellence, practical orientation, and international standards of universities. Below, we take a look at the most important accreditations for Master's degree programs in Entrepreneurship.

Munich Business School Hochschule Fresenius Gisma University of Applied Science
German Ministry of Education ✔️ ✔️ ✔️
FIBAA ✔️ ✔️
German Council of Science and Humanities ✔️ ✔️
AMBA ✔️
AACSB ✔️
EQUIS

What role does internationality play in the three degree programs?

Internationality plays a different but important role at each of the three universities:

At the Munich Business School, internationality is a central component of the concept: Studies are conducted in English, there are numerous international guest lecturers, partner universities, and a mandatory semester abroad – ideal for students with global ambitions.

The Hochschule Fresenius is fundamentally open to international students, but places less emphasis on this than MBS. There are exchange opportunities and international collaborations, but everyday life in the Business Studies master's program with entrepreneurship as an elective is more German-speaking and more locally anchored.

The Gisma University of Applied Sciences positions itself internationally – with English-language programs, a multicultural campus in Potsdam, and a relatively large number of international students. The study environment is global, which is particularly exciting for creative start-ups with an international focus.

Key facts about the Master's programs in Entrepreneurship

In the table below, we have summarized the key facts about the various Master's programs in Entrepreneurship offered by the three universities.

Munich Business School Hochschule Fresenius Gisma University of Applied Science
Degree program Master Innovation and Entrepreneurship Master Business Administration with Entrepreneurship Elective Master Creative Entrepreneurship
Final degree Master of Arts Master of Science Master of Science
Duration 3 Semesters 4 Semesters 2 - 4 Semesters
Study program language English German English
Start of studies Winter semester Winter & summer semester (depending on location) Winter & summer semester
Location Munich Munich, Cologne, Hamburg Potsdam
Format Full-time study Full-time study Full-time study
Numerus Clausus No Numerus Clausus Not specified Not specified
Recognition State-recognized & accredited State-recognized & accredited State-recognized School, Study program not yet accredited (as of May 5, 2025)
Study requirements Bachelor's degree in a related subject or, alternatively, a pre-master's degree is possible; under certain circumstances, admission is also possible without a bachelor's degree; proof of English language proficiency through a test or a previous degree obtained in English First degree in a related field: with certain credit points or passing an entrance exam, English language skills at level B2 or higher BA degree in a related subject, or pre-master's degree possible, English language skills at B2 level or higher
Scholarship opportunities? Yes, up to €4,000 in funding No No
Thesis Master's thesis in German or English Master's thesis Master's thesis
Special features Dual degree possible, 2 elective courses, international focus, business project, semester abroad, internship and/or start-up project optional, mentoring program Project work, case studies, and collaboration with our industry partners, elective courses in areas such as entrepreneurship and language courses Hybrid learning scheme possible (partly on-site, partly e-learning), possible stay abroad, internship or practical project during longer studies, elective subject possible

Do you want to find out what the difference is between a Master of Arts and a Master of Science?

For more information on this topic, please visit our dedicated page.

Difference between a M.A. and a M.Sc.

Which location is best suited to the Master in Entrepreneurship?

The location that is best suited to your Master in Entrepreneurship depends on your personal preferences and goals. The choice should be based on your budget, industry, and lifestyle. Here is a brief overview of the three locations Munich (MBS), Cologne (HSF), and Potsdam (GISMA) for a Master in Entrepreneurship:





Munich Cologne Potsdam
Economy 10/10 7/10 2/10
Internationality 9/10 8/10 2/10
Networking Opportunities 9/10 6/10 1/10
Infrastructure 9/10 9/10 6/10
Quality of Life 10/10 7/10 8/10
Cost of Living 2/10 5/10 6/10
Student Life 8/10 8/10 3/10
Nature 10/10 6/10 8/10
Recreational Possibilities 10/10 8/10 3/10
Culture 9/10 8/10 6/10
86/100 72/100 45/100

Career prospects after completing the Master's in Entrepreneurship program

The career prospects after completing the Master's in Entrepreneurship program are promising, with some differences based on the respective program focuses and networks of the three different universities:

Munich Business School

After completing the Master's in Innovation and Entrepreneurship, you will have a wide range of opportunities – from starting your own business to joining a start-up or working in the innovation departments of large companies. Thanks to the strong network and practical orientation, positions in business development or consulting are also realistic.

Hochschule Fresenius

The M.Sc. in Business Studies with Entrepreneurship as an elective subject provides you with a broad business education. You can enter traditional areas of business or pursue your own projects – the entrepreneurial focus is a plus, but less pronounced than in specialized programs.

Gisma University of Applied Sciences

The M.Sc. Creative Entrepreneurship opens up a wide range of career opportunities in the creative sector, whether you want to start your own business in design, media, or culture, or pursue a career in innovative, project-based companies in the creative sector.

Reviews of Master's programs in Entrepreneurship

The experiences of alumni are a decisive factor when it comes to choosing the right Master's program in Entrepreneurship. Reviews on platforms such as StudyCheck give you authentic insights into the quality of the program, support, and career opportunities from the perspective of former students. Below, we compare the reviews of the three master's programs offered by Munich Business School, Hohschule Fresenius, and Gisma University of Applied Sciences to provide you with a solid basis for your decision.

Innovation and Entrepreneurship (M.A.)

★★★★☆ 4,5
100% would recommend


Betriebswirtschaftslehre (M.Sc.)

★★★☆☆ 3,7
100% would recommend


Creative Entrepreneurship (M.Sc.)

Not available & no ratings!

Which university town has the best student life?

Munich

Munich is one of Germany's leading start-up locations, particularly strong in tech, mobility, AI, and life sciences. Here you will find a dense network of investors, accelerators, established companies, and innovative start-ups. The proximity to global corporations such as BMW, Siemens, and Google promotes cooperation and access to resources.

Challenges:

Living in Munich is expensive—rent and living costs are among the highest in Germany. In addition, the environment can be quite competitive.

Cologne

Cologne is attractive for digital business models, media, and e-commerce. The start-up scene is growing steadily, and the city has an open, creative vibe. Networking events and local support offer good opportunities to get started.

Challenges

Compared to Munich or Berlin, the start-up ecosystem is still smaller and less international. Access to large venture capitalists is also more limited.

Potsdam

Potsdam itself is quieter, but its proximity to Berlin gives you direct access to one of Germany's best-known start-up ecosystems. Berlin offers countless events, co-working spaces, start-up centers, and investors. It's ideal for digital, creative, and social entrepreneurial start-up ideas.

Challenges:

Potsdam is small and tranquil – if you want to get the most out of start-up life, you'll need to commute to Berlin regularly. The environment there is dynamic, but also very competitive.

FAQ

What is an entrepreneurship study program?

An entrepreneurship study program provides you with the knowledge and skills you need to develop your own business ideas, start a company, or engage in entrepreneurial activities in start-ups and innovative projects—with a focus on creativity, strategy, financing, and management.

What can you do with a degree in entrepreneurship?

With a degree in entrepreneurship, you can start your own business, help build start-ups, or work in innovative areas of larger companies where entrepreneurial thinking is in demand.

How long does it take to study entrepreneurship?

A master's degree in entrepreneurship usually takes between three and four semesters, i.e. around one and a half to two years.

What are the benefits of studying entrepreneurship?

An entrepreneurship study program provides you with the necessary know-how to strategically develop and implement business ideas and manage them successfully in the long term.

What is entrepreneurship and innovation management?

Entrepreneurship and innovation management deals with how new business ideas arise, how they can be successfully implemented, and how innovative processes can be managed within companies.

Excited? Apply now!

More exciting programs in Munich

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Looking to find out more?

Studienberater MBS: Uttamdeep Kaur, B.A.
PAGE-TITLE: Master Entrepreneurship