Management & Sustainable Accounting and Finance

Masters Programme

If you are interested in modern business administration and in exploring analytical management processes and the role of social and environmental aspects in those processes, our Management & Sustainable Accounting and Finance Masters programme is the course for you. The Masters takes an interdisciplinary and transdisciplinary approach to management: over the course of the degree, students also engage with other fields such as psychology, politics, sustainability and law, which equips them for innovative and effective work in diverse teams. The programme effectively harnesses the many synergies between accounting, corporate governance & auditing, finance & taxation.

Management & Sustainable Accounting and Finance - The Programme

  • Objectives
  • Programme structure
  • Masters Dissertation
  • Programme Director

Management & Sustainable Accounting and Finance - The Programme


Students on this programme learn both key subject-specific and methodological skills and the necessary soft skills for a demanding career in management in commercial, production or strategic consultancy and auditing companies. You will learn how accounting and finance can help to solve current social and environmental problems, with a focus on the latest climate protection challenges facing business (topics include CO2 tax and emissions trading).

The Management & Sustainable Accounting and Finance Masters programme is research-focused and you will be involved in the latest innovative projects run by the chairs at the Institute of Management, Accounting and Finance (IMAF) . The course is an excellent basis for a doctorate if you are seeking a career in research or academia.

The Faculty of Business and Economics has a clear commitment to the concept of responsible management education and to training socially and environmentally aware managers for the future.

Programme structure

You can choose from a range of electives alongside the core modules to tailor the course to your personal interests – and develop the profile you want.

Core modules
In the first semester, you learn qualitative research methods (for example interview technique) and be given an introduction to (non-)financial company reporting, corporate finance and sustainable management accounting. 

In the second semester, you explore quantitative research methods (for example archive studies) and complete a module on sustainable corporate governance & auditing and a module on business valuation. An elective allows you either to take a more in-depth look at your subject in practice or to attend classes from another Masters (for example Entrepreneurship).

In the third semester, you apply the specialist and methodological skills you have learned to conduct a research project. Working in a small group, you will produce a quantitative empirical seminar paper on an innovative research topic, for example determinants or the impact of climate reporting.

In addition to compulsory modules in sustainability and behavior-oriented corporate finance, you can either strengthen your accounting and finance expertise or work on aspects from other Leuphana masters programmes in two elective modules.

Management Studies
Management Studies is an opportunity to expand and improve your management and entrepreneurship skills and apply those skills in the current context of constantly changing structures. The first semester uses a range of tools including case studies to illustrate "Organization, Strategy & Innovation", while the second semester explores "Digitalisation" and the issues surrounding it from the perspective of all six disciplines at the Faculty of Business and Economics (business administration, economics, law, psychology, IT and engineering). In the third semester, you develop specific business ideas for companies and partners in an "Entrepreneurship Project".

Complementary Studies
Students take three compulsory Complementary Studies modules alongside Management Studies: Engaging with Knowledge and Sciences, Reflecting Research Methods and Connecting Science Responsibility and Society. You will learn about theories and methods from outside your field, exploring for example the philosophy and ethics of science and research, aspects of the genesis of knowledge and concepts of truth.

Masters Dissertation

Students spend the final semester working on their empirical Masters dissertation. Throughout the semester, the Masters Forum helps you develop your research question and methodology and is an opportunity to engage in in-depth discussions with fellow students and supervisors.

You can apply for the year's best Masters dissertation award, which comes with award money. Please read the terms of the business that funds the award. 

Programme Director

  • Prof. Dr. Patrick Velte

Semester abroard

You can organise a semester abroad through the Erasmus + programme or as a free mover. We recommend the third semester for your semester abroad. You can find more information on our partner universities on the International Office pages.

Career prospects

Feature your academic career

Graduates with a specialisation in sustainable accounting & finance are currently in high demand in many areas of industry – as numerous recent studies have found. The programme prepares you for analytical, conceptual, advisory and strategic management roles in businesses' management and financial accounting departments, and at strategic consultancy, auditing and tax advisory companies.

Our research focus on entrepreneurship at the Faculty of Business and Economics ensures you also develop the necessary skills for venturing into self-employment and launching your own start-up with an innovative business idea.

The Masters not only opens up careers in business with training in the field and in methodology, but is also lays the foundations for a subsequent doctorate. The decision to start a doctorate can be taken at various different points in your academic career:

  • During your Masters: the Doctoral Track allows you to apply for an integrated Masters and doctoral programme as early as the first semester and attend doctoral seminars instead of the Complementary Studies modules.
  • After your Masters: with a full-time doctorate at Leuphana that follows on from your Masters.
  • While working: with a professional doctorate – you continue your consultancy or auditing work and carry out your research during leave granted by your employer.

The Masters prepares you excellently for later research work: seminar papers and dissertations are written in standard international journal style and outstanding work can be edited for later joint publication in a leading journal.

Three questions for… Alumni Jannik Gerwanski

Describe your career path after you graduated.
I started working on my doctorate at the Institute of Management, Accounting and Finance in my third semester through the Doctoral Track programme, and am now continuing with my doctorate, having completed my Masters.

How well did your Masters at Leuphana prepare you for your current work?
The Masters prepares students for professional practice, but there is also a very strong focus on research. Classes on research methods at the start of the degree, for example, lay the foundations for empirical papers in the following semesters and ultimately the empirical Masters dissertation. The empirical papers during the degree are what got me interested in a doctorate.

Can you tell us one of the greatest challenges of the programme? What is your best memory?
One major challenge was time management. Above all at the start of the course, it is hard to judge how much time you will need for essays etc. – particularly with group work. The best memories for me are the vibrant student life, engaging with fellow students, working together to overcome challenges, and beach volleyball on campus in the evening summer sun.

Admission requirements & Application

You can find all information about the admission requirements, the application and the selection procedure on our "Apply" page.

Please note in particular: When applying for the study programme Management & Sustainable Accounting and Finance, you can achieve additional points in the selection procedure through an above-average result in one oft the admission tests (TM-BASE or GMAT) and thus improve your chances of a study place in Lüneburg. Submitting an admission test as part of your application to Leuphana university is voluntary and not compulsory. Further information on this can also be found on the "Apply" page.

At a Glance

Degree awarded: Mas­ter of Sci­ence (M.Sc.)
Application deadline: 1 June
Type of programme: prerequisites demanded
Study places: 25
Start date: Oc­to­ber 1
Extent: 120 ECTS
Duration: 4 se­mes­ters
Language: Eng­lish
Semester contribution: ap­prox. EUR 360


First contact point

Con­sult the Information Office in or­der to gain fur­ther in­for­ma­ti­on

  •  on the pro­ce­du­re of ap­p­li­ca­ti­on
  •  on the stu­dy pro­gram­mes at the Leuphana University
  •  or to make an ap­point­ment of student counselling in the Graduate School aside the open consultation hours 
     Tuesday 2 - 4 pm and Thursday 4 - 6 pm

Information Office

Building 8, Ground Level
Fon +49.413.677-2277

Opening Hours
Mon - Thu 9 am - 4 pm
Fr 9 am - 12 noon

Student Counselling

Graduate School

Tuesday, 2 – 4 pm
Thursday, 4 – 6 pm
Building 14, Room 026

Due to the measures against the spread of the corona virus, we can only answer your questions by phone or via video conferencing. Please contact the Infoportal by phone or e-mail.