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Degree
Bachelor of Science (BSc)

Language
EN

Application deadline
31 May

Start of programme
mid-August

Duration
7 semesters

The MPE Programme

Today’s business world is more demanding than ever. You will need the analytical skills to solve problems and make decisions in data-rich environments, as well as the ability to synthesise information and weigh consequences in order to reach the right solution and make good decisions.

The Management, Philosophy & Economics (MPE) concentration combines the scientific rigour of economics and analytical acuity of philosophy to give our students an incomparable international education and distinct advantage in the global marketplace.

Management

How do you make a good decision? Experience certainly helps, but you also need the ability to take apart a problem from different perspectives, shifting quickly from finance to technology to marketing to sales, and back again. Vast amounts of information need to be processed and different interests integrated; but you also need to explain solutions to different audiences and convince them of your conclusions. MPE graduates excel not only in detail mastery of the analytical methods used in today’s business, but also in seeing the big picture.

Philosophy

Doing philosophy is all about improving your analytical and critical thinking. By training you to strip away irrelevant details of a problem and assess the merits of competing solutions, philosophy enables you to see unexpected connections and forces you to give concise arguments for your position. Philosophy also opens up very different and valuable perspective on political and moral issues faced in business and society. Our unique combination of formal and normative philosophical expertise gives our MPE graduates the edge in their future careers.

Economics

Economic methods form the core of the MPE analytical curriculum, drawing on cutting edge research by faculty at the Frankfurt School in behavioural economics, game and decision theory, computational social science, and machine learning. The MPE programme is one of its kind in introducing students to the standard economic frameworks for solving judgement and decision problems, including empirically informed models of decision-making from behavioural economics, and modern machine learning methods in computational social sciences.

Requirements

  • Recognised secondary school diploma (German "Abitur" or equivalent)
  • Frankfurt School Assessment Centre or one of the following test scores: SAT, ACT Plus Writing, TestAS
  • A letter of motivation (optional)
  • Fluent English, both written and spoken

Study fee

Registration fee:100,00 Euro
Semester fee:6.800,00 Euro
(Tuition fee for semester abroad may differ dpending on the chosen partner institution)
Total tuition fee:40.900,00 Euro
(excl. tuition fee for semester abroad)

Monthly installments possible.

Bachelor Day

Come and meet the team on our Bachelor Day! You’ll be provided with everything you need to know about admission requirements, language skills, entry tests, and experiences of current students. The informative day will help you in deciding whether Frankfurt School is the right place for you and you may even get to know some of your future coursemates.

Next Bachelor Day

Date: October 28th, 2017 | Time: 10:00 - 16:00 | Location: FS New Campus

Register Now!

Curriculum

The MPE is an English-language, seven-semester, 3.5-year BSc degree in Business Administration. The programme consists of four components: The Frankfurt School core business administration curriculum; The MPE curriculum; A semester abroad at one of over 100 partner universities; The flexibility to customise your degree programme in the final two semesters with advanced electives in Management, Finance, Economics, and Philosophy.

Modules are delivered in both lecture and seminar formats. In addition, several philosophy modules feature small-group tutorials of two or three students. Modelled on the system practiced at the Universities of Oxford and Cambridge, our MPE tutorials deliver teaching sessions based on students’ coursework and are individually tailored to each student’s needs.

The interdisciplinary faculty of the MPE are internationally renowned experts whose cutting edge research keeps the MPE curriculum at the forefront of business education. Our open door policy means that you will get quick and comprehensive feedback on your work and guidance through your academic career.

Semester 1

Financial Accounting

This module focuses on the basic concepts underlying financial statements and on the terminology and methods that allow the students to prepare, interpret, analyze, and evaluate corporate financial statements.

Students will acquire fundamental accounting skills for a management or other roles such as financial analyst. Students will gain an understanding of how financial statements are prepared and develop the skills to prepare financial statements. Students will be able to analyze corporate annual reports and to make investment decisions.

Mathematics

This module covers the general contents of the education in mathematics taught in undergraduate business administration courses. Its primary objective is to provide students with those methods that are necessary to address quantitative questions in economics. Starting with essential fundamentals on mathematical deduction the module introduces the basic concepts on sequences and their key properties. This directly leads over to the analysis of real valued functions and their wide field of applications in economics.

Microeconomics and Decision Making

The module integrates microeconomics with decision theory. After completing the module students are capable of analyzing decisions under different circumstances, and to discuss these decisions both from an empirical and from a normative perspective. They learn to distinguish accurately between decisions under certainty, uncertainty and risk, and they are fully aware of the difference to game theoretical situations. This enables students to analyze likely outcomes in different market structures such as perfect competition, oligopoly, monopoly and natural monopoly. Subsequently, students can apply their knowledge to regulatory debates on different topics such as environmental policy or the health sector.

Logic and Argumentation

The ability to check arguments for validity and soundness is key not only to philosophical studies, but also to all other academic courses. This module lays the foundations in logic and argumentation theory which you require for all further studies.

Practical Philosophy: Ethics, Action and Decision

Practical philosophy is called ‘practical’ because it concerns questions about how we ought to act, which decisions we should take and, more widely, how we should live together. As such, in this module we address questions such as: What makes an action good or bad? Are our intentions morally relevant? Are there objective answers to moral questions?  

Semester 2

Statistics and Probability

This module is an introduction to descriptive statistics, probability theory and inferential statistics including hypothesis testing with applications to economics and business. Descriptive statistics covers the examination of observed data. Key concepts are characteristic figures of samples like different kind of means, measures of variation, empirical distribution functions and their graphical representation. Of particular importance are measures for the dependency of several characteristics and the distinction between correlation and causality. Probability theory introduces the concepts of probability spaces, random variables and their theoretical distributions. They serve as a mathematical model to describe processes that are driven by coincidental input.

Markets, Incentives and Ethical Management

The module consists of two separate parts. The first one is, which is summarized under the title “Markets and Incentives”, draws on the content of the course Microeconomics I. It provides a short refresher in game theory and then explains the problem of oligopoly in detail. It introduces the notion of market power by many firms, how competition plays out in static and dynamic environments, how firms can collude and cartelize the market, and demonstrates that unregulated markets do not lead to an efficient outcome in this case. It also introduces asymmetric information, such moral hazard and adverse selection, in markets, which will allow students understand the problems of these ubiquitous phenomena in detail and also the resulting institutions to deal with them. Finally, the course considers the interaction between markets for different goods and introduces the concept of general equilibrium.

Managerial Accounting

Cost accounting provides cost and revenue information to support various managerial decisions within firms. The module introduces traditional and advanced costing approaches, including cost classification, absorption costing, direct costing, activity-based costing, target costing, and budgeting.

Decisions, Games, and Rational Choice

This module is an introduction to the main normative theories of rational choice and game theory. This course pursues two objectives. Firstly, it supplements the MPE’s economic modules by providing a thorough introduction to the tools of rational choice and game theory.  Secondly, it delivers a philosophical analysis of these tools by enquiring into its interpretation, applicability and explanatory power.

Theoretical Philosophy: Knowledge and Science

Theoretical philosophy is called ‘theoretical’ because it deals with our theories about the world and how to find out about it. ‘What is knowledge? How does science work? What criteria do economic theories need to fulfill in order to be good scientific theories?’ are some of the questions we ask in this module.

Semester 3

Applied Research Methodology

This module deals with research methodology from an applied perspective. Today’s business environment is driven by empirical evidence of both quantitative and qualitative nature. Having the right methodological skills and competencies is therefore crucial not just for a career in academia, but for everyone faced with business decisions. The module is divided into two parts.

Operations Management

Economic theory assumes that on efficient markets prices adjust to match supply with demand: if there is excess demand, prices rise; if there is excess supply, prices fall. However, most managers in most enterprises would prefer to be able to match supply and demand without adjusting prices. To them excess demand means lost revenue and excess supply a waste of resources. They do not like the thought that an overproduction of the product that they are responsible for has to be scrapped or sold at discount prices. This course is about how companies can design their operations to better match supply with demand and thereby gain a significant competitive advantage over its rivals.

Macroeconomics

This module introduces students to essential macroeconomic models and concepts for closed and open economies in the short as well as long run. A special focus will be given to macroeconomic policy.

Finance

This module introduces students to the economic function of capital markets. The first part of the module covers firms’ investment decisions. Students will learn how to value cash flows that accrue in the future and to calculate returns correctly. The latter part of the module deals with the cost of financing. It introduces students to the concept of market efficiency and portfolio theory. Students will learn how to derive the cost of debt and equity financing and how to use this information to determine the firm value.

Language

You will have the opportunity to learn one of the various languages offered at Frankfurt School.

Semester 4

Marketing

This module consists of four parts:

  1. Marketing effectiveness
  2. Strategic marketing and customer management
  3. Brand management
  4. International marketing

Corporate Design and Behaviour

The aim of the module is to provide students with insights into business strategy, basic structures of firms and  how they affect the behavior of firm employees. In addition, students develop insights into why continuous development of both strategy and organizations is essential and how management and staff can achieve both. Students are also encouraged to develop their own ideas concerning the range of conceptual tasks within a business.

Independent Research Paper

In this module, you are given the chance to compose your first longer research paper in philosophy. With our hands-on support, you will be able to run through all the different steps of academic research and pursue the philosophical research question that you find most intriguing.

Political Theory: State, Law and Justice

The relationship between the state and the individual forms the focus of this module. As such, we discuss issues such as: How can we justify the state? What rights do individuals possess, and what are the limits of state action? What is social justice, and is it legitimate to re-distribute income and wealth?

Behavioural Models, Economics & Philosophy

This interdisciplinary module investigates topics at the interface of philosophy and economics. For instance, we ask: How are we to understand rationality? How ought we to react to the finding that the human mind often seems to be irrational? Can we use economic theories of action within philosophical theories, and what is their explanatory power?

Semester 5

Semester Abroad

Frankfurt School’s International Office will support you in attending your preferred partner university and preparing you for your semester abroad. You will have over 100 partner universities to choose from!

Internship

Our Career Services have connections in top companies and will support you in finding an internship.

Semester 6

Electives

In your 6th semester you will be able to choose from a number of electives related to the following topics:

    Finance and Banking
    Managing Organisations
    Economics
    Business and Society

Philosophy Electives

In your final two semesters, you will be able to choose from a range of shorter, research-based seminars covering a wide range of topics within the areas of theoretical philosophy, practical philosophy and formal methods.

Semester 7

Bachelor Thesis

During your 7th Semester you will have two months to write your Bachelor Thesis. 

Electives

In your 7th semester you will be able to choose from a number of electives related to the following topics:

    Finance and Banking
    Managing Organisations
    Economics
    Business and Society

Philosophy Electives

In your final two semesters, you will be able to choose from a range of shorter, research-based seminars covering a wide range of topics within the areas of theoretical philosophy, practical philosophy and formal methods.

Semester Abroad

The 5th semester abroad is an integral part of the Bachelor of Science. Firstly, you will go study at one of our over 100 partner universities. This will be an exciting and challenging experience. Every partner university offers different opportunities. The Frankfurt School International Office will support you with organising your semester abroad.

You will then also do an internship abroad which will allow you to gain practical experience around the world. The internship can be done in a different country from where your exchange university is located. Our Career Services will assist and support you during your search for an internship.

Application Process

1. Online Application

The first step of our application process is to complete the online application form.You will need to upload the following supporting documents:

Required documents

Recognised secondary school diploma (Abitur, IB Diploma, High School Diploma, European Baccalaureate, etc.)

Letter of motivation (optional, maximum 500 words)

Proof of English fluency. We accept up-to-date certified copies of any of the following tests:

  • TOEFL iBT with a minimum score of 90
  • IELTS with a minimum score of 7.0
  • Cambridge Certificate in Advanced English (CAE)
  • Pearson Test of English Academic (PTE Academic) with a minimum score of 76
  • Frankfurt School TOEFL ITP with a minimum score of 627

A copy of your passport or ID card

Other documents if applicable (references/letter of recommendation, extracurricular activities, certificates, awards, etc.)

The final deadline for applications is May 31st.

2. Assessment Centre

If your application is successful, you will be invited to one of our Assessment Centres. This may be waived if you can provide one of the following test results: SAT, ACT plus writing, TestAS (core test and Economics module).

Further information

We arrange multiple Assessment Centres each year for your convenience. These take place on our campus and consist of an interview, a knowledge test, a written English test, an analytical test and some groupwork. The Assessment Centre is free of charge.

If you are not able to attend an Assessment Centre here in Frankfurt, it may be possible to organise one to take place in your own country. Please contact us for more information.

To get an idea of the types of questions you might encounter in the analytic test we have provided a few example exercises.

Assessment Centre dates

07.11.2017

06.12.2017

17.01.2018

14.02.2018

14.03.2018

25.04.2018

23.05.2018

13.06.2018

04.07.2018

3. Results

The final decision regarding admission to our BSc programme will be based on a combination of the candidate’s school grades, English language abilities and performance at the assessment centre.

We also take into account other significant experiences, commitments or awards such as internships, international experiences and volunteer projects.

4. Programme Start

The Management, Philosophy and Economics programme starts at the beginning of September. All students are expected to be at Frankfurt School on this day. A week before the classes start there will be an introduction week where you will have the chance to meet your future coursemates.

For non-EU applicants who require a visa to enter Germany, please bear in mind that it can take up to two or three months to obtain the necessary visa. If you have any questions about your visa please contact our international office.

Our Events

Sample Lectures

Are you curious about life at Frankfurt School? Why not stop by and visit a class this semester! This is your chance to experience typical classroom topics, teaching techniques, and learning methods. Register below to arrange a campus visit, including a guided tour of the campus.

Register

Consultation

Unsure about what programme is for you? Feel free to stop by for a personal consultation to find out more about what we have to offer. From your studies to financial support, just contact us to make an appointment.

Bachelor Evening

Can’t make it to our Bachelor Day? No problem! Feel free to come to one of our Bachelor Evenings in various cities throughout Germany. There’s no need to miss out.

FS at Fairs

Come meet us at one of our national or international fairs! Meet our current students, learn more about life in Frankfurt and get all the details on our B.Sc. concentrations!

List of fairs

Career Services

Right from the start of your studies our Career Services team is part of your Frankfurt School experience. Our Career Services team is there to support you as you search for exciting internships and your first job after graduation. We host two large in-house career fairs every year, regular workshops, visits by recruiters, and more.

Student Life

Join our community of aspiring and inspiring individuals and get involved at FS by joining a student initiative, participating in a sport or business competition, by serving on our Student Council, or by creating your own event or initiative.

Alumni & Friends

Frankfurt School of Finance & Management cultivates and maintains close, trust-based relationships and friendships with our alumni.

Financing & Scholarships

In order to deliver the highest quality of teaching and research, we also require the utmost commitment from our students. This is the only thing that matters to us. Your current financial situation is not a deciding factor for acceptance into a BSc programme.

Financing your studies is a complex issue which should be planned with a long-term view. We'd be delighted to advise you in person or you can find out more information through the link below.