FOM University of Applied Sciences for Economics and Management

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University of Applied Sciences for Economics and Management
FOM University Logo.jpg
Type Private
Established 1993
Chancellor Dr. Harald Beschorner[citation needed]
Rector Prof. Dr. Burghard Hermeier
Students 42,500 (July 2017) [1]
Address Herkulesstraße 32, 45127 Essen, Germany, Essen and several more, North Rhine-Westphalia, Germany
Campus Urban
Nickname FOM

The FOM University of Applied Sciences for Economics and Management is Germany's largest private university.[2] The business school is privately run, works in close co-operation with other universities,[3][third-party source needed] and is state recognized. With more than 42,000 students the FOM is the largest private university in Germany. Also it has the biggest economic and business sciences faculty in Germany.[4]

The majority of students are working professionals. The range of courses offered centers on business, business administration, economic psychology and engineering. The FOM, founded in 1993, has traditionally close relationships with many major German companies.[5][third-party source needed]


The university was founded in Essen in 1990 in order to cater to working people. On 18 September 1993 it received state recognition and in September 1994 it began operating. In the 1st year there were 149 students studying Master of Business Administration. In 1998 they began to expand to other sites outside Essen. In 2005 they began offering courses in engineering in association with the Ruhr University Bochum.

In 2012, the university sued a former student for being too fast when completing 11 semesters worth of studies in only 4 semesters.

The FOM is accredited by the FIBAA since 2006 as well as the German Council of Science and Humanities since 2004.[6][7][third-party source needed]


The main faculty is located in Essen. There are 31 other schools in Germany, located in Aachen, Augsburg, Berlin, Bochum, Bonn, Böhnen, Bremen, Darmstadt, Dortmund, Duisburg, Düsseldorf, Frankfurt am Main, Freiburg, Gütersloh, Hagen, Hamburg, Hannover, Kassel, Köln, Leipzig, Mannheim, Marl, München, Münster, Neuss, Nürnberg, Offenbach, Siegen, Stuttgart, Wesel and Wuppertal. There is also an FOM in Luxembourg.


Since 2003 FOM has had two faculties in China, one near Beijing and the other in the Shandong province in co-operation with the Shanghai University of Finance and Economics.

Industry partners[edit]

The FOM has partnerships with more than 700 companies including 3M, Allianz, Deutsche Bank, RWE, Siemens, Deutsche Bahn, Bayer, HSBC Trinkaus, ThyssenKrupp, BMW, Vodafone, Deloitte and Ernst & Young.[8]

Research institutes[edit]

  • dips Deutsches Institut für Portfolio-Strategien[9][10]
Research emphasis on financial portfolio management, quantitative modeling and asset management.
  • iap Institut für Arbeit und Personal[11]
Research emphasis on organization and employee relations, with an emphasis on the organization of worktime.
  • ild Institut für Logistik und Dienstleistungsmanagement[12]
Research emphasis on logistics, service management, and operation research.
  • ipo Institut für Personal- und Organisationforschung[13]
Research emphasis on employee and organizational theory, with emphasis on incentive systems and knowledge management.

The FOM is member of the Stifterverband für die Deutsche Wissenschaft.[14]


External links[edit]

Coordinates: 51°26′53″N 7°00′43″E / 51.448°N 7.012°E / 51.448; 7.012