Head to head
TUM School of Management vs Hanken School of Economics
The TUM School of Management and Hanken School of Economics Master in Management programs, compared side by side on the numbers that decide it — ranking, fees, salary, selectivity and class profile.
TUM School of Management
Hanken School of Economics
FT ranking 2025
#54
#60
QS ranking 2025
#28
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Tuition
€97/semester (EU) + €4,000/semester tuition for non-EU students
Free for EEA/EU/Swiss students; €15,000/year (€30,000 total) for non-EEA students
Median salary
$117k
$67k
Employment rate
84%
94%
GMAT range
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Duration
24 months
24 months
Class size
—
—
Average age
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International
46%
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Female
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Location
Munich, Germany
Helsinki, Finland
The short version
- On the Financial Times 2025 ranking, TUM School of Management (#54) sits ahead of Hanken School of Economics (#60).
- On graduate salary, TUM School of Management leads at $117k.
- On tuition, TUM School of Management is the more affordable option at €97/semester (EU) + €4,000/semester tuition for non-EU students.
- Geographically they are a different bet entirely: TUM School of Management in Germany, Hanken School of Economics in Finland.
Rankings and salary are only part of the decision — fit with your target career, location, language, and cost of living usually matter more. Read each program in full before deciding.