The Northern Institute of Technology Management (NIT) is a international business school, located in Hamburg, Germany. It was founded in 1998 as a public-private partnership of the Hamburg University of Technology and sponsoring companies. It offers a Master of Business Administration (MBA) program for international graduates with engineering background. The financing of the school is not done by tuition fees but by a scholarship from industrial sponsors for each student. Therefore, a close relationship between each student and a company is established right from the beginning of the studies and is further developed by internships and project works throughout the 2-year program. NIT's slogan "The unique combination" refers to a 2-year double-degree program: Students are studying at the neighboured Technical University a Master of Science in an engineering program of their choice and concurrently are taking part in the MBA program at the NIT. The idea is to equip engineers not only with technical knowledge but at the same time provide a practical education for leading positions in industry.