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Development Finance e-Campus

Master Programme Online

Master of Leadership in Sustainable Finance (MA) - online

is designed for (emerging) leaders who are passionate about finance and the role finance plays as a catalyst for sustainable economic development and equitable and environmentally conscientious growth in economies worldwide – in other words, how to finance and manage a better future for all.


Education is central to development - both in the sense of personal advancement and in the wider context, defined as the development of countries. Our online programmes help you to systematically and successfully develop your qualifications and to build your career while recognizing the social function of education.


FSDF e-Campus online courses are conducted completely online, with the exception of the final exam. The paper-based final exams can be taken on fixed dates at one of our partner institutions spread around the world.


Our online certification programmes are 6-month part-time trainings, designed to be conducted along full-time work or other obligations. Apart from a few deadlines, the courses follow a very flexible approach, allowing participants to follow their own study schedule.


FSDF online certification courses start twice a year, beginning of March and beginning of September. The next course period will start on 1st of March 2020.

Training Approach

The flexibility of our courses offers you the opportunity to follow your own schedule and to combine daily work with professional development.

The high quality offered will immediately improve your daily job performance as well as the performance of your institution.

Our training approach features:
  • Training material based on international best practice with international examples;
  • A hands-on, practical focus with tools and guidance for real life implementation;
  • On-going support from our experienced trainers and tutors throughout the entire course

Training Material

Video Lectures


After viewing the lectures, participants will have a basic understanding of each topic and will be able to classify importance and relevance of different techniques and aspects in a broader context.

Web-based Presentations

Web based presentation complement the scripts and give additional input on important topics.

Online Tests

Each unit ends with an online test comprising a set of 10 - 15 multiple choice questions. Only after having successfully completed an online test you will gain access to the next unit.


A PDF script is for most of our courses the main studying material. The scripts provide basic concepts and principles applicable to the subject of each unit.


The key to successful learning is the immediate use of newly acquired knowledge and the transfer of theory into practice. Our online courses are therefore supplemented  by mandatory assignments.

Discussion Forum

A course discussion forum enables the interaction between participants and trainers and facilitates the exchange of experiences as well as possibilities to ask questions or get clarifications.

System requirements

Requirements for the online Programmes

You need to have access to a stable internet connection to:

  • download PDF files and other files with a size up to 5 MB
  • solve online tests and online assignments
  • use the forum
  • stream video lectures

an internet browser which enables html5, as for example:

  • Internet Explorer since version 9.0, preferably later versions
  • Mozilla Firefox since version 4.0, preferably later versions

the following browser settings have to be made:

  • activate JavaScript
  • allow pop-up-windows
  • activate Java
  • approve Cookies

Finally, you need to have a PDF-reader, for example the Adobe Reader, which you can download for free at as well as an office software to be able to open MS-Word (.doc & .docx) and MS-Excel files (.xls & .xlsx). If you don't possess Microsoft Office you can download the free Open Office (

Specific Requirements

To be able to stream our video lectures a broad band internet access is required as well as a minimum of 1GHz CPU. Furthermore, you need to have the flash player installed, which is available for free at

If you have any further questions, please don’t hesitate to contact your FSDF e-CampusTeam at

Final exam

Passing a final examination is a requirement for obtaining your certificate. The final exam takes 2 hours, is paper based and can be taken at any of our partner institutions.

The final exam costs an additional fee of EUR 50 to be paid to the institution hosting your final exam and on the final exam day. Any travel costs related to the final exam must be arranged independently and is at your own expense.

Your digital certificate will be available upon passing the final examination. Should you prefer receiving a printed version  of your certificate, an administrative fee of EUR 50 per certificate will be charged.

If you do not wish to take the final exam, you will receive a confirmation of course participation after completing the course.

Requirements and Dates

You can take the final exam only after completing the course. Meaning, passing all the online tests and the mandatory assignments.

The final exam takes place twice a year:

  • September (for the course starting in March)
  • March (for the course starting in September)

Exam locations*

A network of partners is hosting our final exam

A network of partners is hosting our final exam

Is your country not in the list? Let us know, we might find a cooperation partner there.


Barbados: Bridgetown, The Cave Hill School of Business Inc. - The University of the West Indies

Bolivia: La Paz, Fundación SEMBRAR

Brazil: Brasilia, Goethe Institut

Brazil: Sao Paulo: Insper

Canada: Montreal, Université du Québec à Montréal (UQAM)

Canada: Hammilton, Exam Invigilation Centre – Hamilton Halton

Colombia: Bogotá, Universidad Cooperativa de Colombia

Costa Rica: San José, Academia Tica Spanish School

Dominican Republic: Santo Domingo, Cámara de Comercio, Industria y Turismo Domínico-Alemana

Ecuador: Quito, Red de Instituciones Financieras de Desarrollo

El Salvador: San Salvador, Optima Servicios Financieros

Guatemala: Guatemala City, REDIMIF

Haiti: Port-au-Prince, La Societe Financiére Haitienne de Developpment S.A. (SOFIHDES)

Honduras: Tegucigalpa, Red Katalysis

Mexico: Mexico City, Pro Desarrollo

Nicaragua: Managua, AFODENIC

Panama: UNEP

Paraguay: Asunción, Cámara de Comercio e Industria Paraguayo-Alemana

Peru: Lima, COPEME

Saint Vincent & the Grenadines: University of West Indies, Open Campus

St. Lucia: Castries, Southeastern Caribbean College

Suriname: Paramaribo, FHR Lim A Po Institute for Social Studies

USA: Atlanta, Goethe Institut

USA: Boston, German International School Boston

USA: Washington DC, Goethe Institut


Afghanistan: Kabul, Afghanistan Institute of Banking and Finance

Armenia: Yerevan, IAB-International Academy of Business

Azerbaijan: Baku, AMFA

Bangladesh: Dhaka, BIBM

Cambodia: Phnom Penh, ACLEDA Training Center Ltd.

China: Beijing, CAM (China Assiciation of Microfinance)

Georgia: Tbilisi, International School of Economics at Tbilisi State University

India: Chennai, Hand in Hand Academy for Social Entrepreneurship

India: Lucknow, MicroSave

India: Hyderabad, MicroSave

Indonesia: Jakarta, MICRA Indonesia

Japan: Tokyo, E.L.T Espace Langue Tokyo

Kazakhstan: Almaty, Frankfurt School office

Kyrgyz Republic: Bishkek, Association of Microfinance Institutions

Laos: Vientiane, ACLEDA Bank

Malaysia: Kuala Lumpur, Alliance for Financial Inclusion (AFI)

Mongolia: Ulaanbaatar, Mongolian NBFI’s Association NGO

Myanmar: Yangon, Management & Accountancy School (MAS)

Nepal: Kathmandu, NBI - Banking Institution Ltd.

Pakistan: Islamabad, School of International Law

Philippines: Manila, University of the Philippines Los Banos

South Korea: Seoul, KGCCI DEinternational Ltd.

Tajikistan: Dushanbe, AMFOT

Vietnam: Hanoi, School of Banking and Finance, National Economics University


Albania: Tirana, Goethe Institut

Austria: Vienna, currycom communications GmbH

Belgium: Brussel, Fabelfin Academy VZW

Bosnia & Herzegovina: Tuzla, Big Ben Tuzla

Finland: Helsinki/ Espoo, SwanIT Oy Testipalvelut

France: Paris, Collège de Paris

Germany: Frankfurt, Frankfurt School of Finance & Management

Germany: Hamburg, Frankfurt School of Finance & Management

Germany: Munich, Frankfurt School of Finance & Management

Greece: Athen, Hellenic Bank Association

Ireland: Dublin, Goethe Institut

Italy: Neaples,  I.P.E. - Istituto per ricerche ed attività educative

Kosovo: Pristina, Association of Microfinance Institution in Kosovo, AMIK

Lithuania: Vilnius, UAB "CTG"

Luxembourg: Luxembourg City, European Microfinance Platform

Macedonia: Skopje, Educational Advising Center

Moldova: Chisinau, Deutsches Kulturzentrum AKZENTE

Poland: Warsaw, Warsaw Institute of Banking

Romania: Sibiu

Serbia: Belgrade, Association of Serbian Banks

Spain: Madrid, Goethe Institut

The Netherlands: Utrecht, NPM, Platform for Inclusive Finance

Turkey: Ankara, Frankfurt School Office

UK: Birmingham, Islamic Relief Academy

UK: London, Exam Centre London

Ukraine: Kyiv, Private Institution of Higher Education "International University of Finance"

MENA (Middel East and North Africa)

Bahrain: Isa Town, Bahraini German International Services

Egypt: Cairo, Sanabel – The Microfinance Network of Arab Countries in Egypt

Iraq: Bagdhad, Iraqi Microfinance Network

Jordan: Amman, JO Consultancy

Lebanon: Beirut, Morgan International

Morocco: Casablanca, Centre Mohammed VI de soutien à la Microfinance Solidaire

Oman: Ruwi, College of Banking and Financial Studies

Palestine: Ramallah, Palestine Microfinance Network Sharakeh

Palestine: Gaza, Palestine Microfinance Network Sharakeh

Sudan: Khartum, Goethe Institut

Tunisia: Tunis, Académie des Banques et Finances

United Arab Emirates: Abu Dhabi, Emirates Institute for Banking and Financial Studies

Yemen: Aden, AMIDEAST


New Zeland: Wellington, Goethe Institut

Papua New Guinea: PNG Institute of Banking and Business Management Inc. (IBBM)

Sub-Sahara Africa

Benin: Cotonou, Consortium Alafia

Burkina Faso: Ouagadougou, Confédération des Institutions Financières de l'Afrique de l'Ouest

Burundi: Bujumbura, Institut Français du Burundi

Cabo Verde: Praia, UniPiaget

Cameroon: Douala, MPV Academy - The International Business School

Comores: Moroni, Agence Universitaire de la Francophonie

DR Congo: Kinshasa, Congolese German Center of Microfinance

Ethiopia: Addis Abeba, Ethiopia Construction Design and Supervision Works Corporation

Gabon: Libreville, ESGIS GABON

Ghana: Accra, National Banking College

Ivory Coast: Abidjan, Ecole Nationale Supérieure de Statistique et d'Economie Appliquée

Kenya: Nairobi, Frankfurt School of Finance & Management

Madagascar: Antananarivo, Agence Universitaire de la Francophonie

Mali: Bamako, Mali Folkecenter

Mauritius: Port Louis, Agence Universitaire de la Francophonie

Mozambique: Maputo

Namibia: Windhoek, Namibia University of Science and Technology

Nigeria: Abuja, Centre for Microenterprise Development

Nigeria: Lagos, Centre for Microenterprise Development

Republic of the Congo: Brazzaville, l’Ecole Supérieure de Gestion et d'Administration des Entreprises (ESGAE)

Rwanda: Kigali, AMIR Association of Microfinance in Rwanda

Senegal: Dakar, BEM

Seychelles: Victoria, The Morel Institute

Somaliland: Hargeisa, Admas University

South Africa: Durban, Durban University of Technology

Sudan: Khartum, Goethe Institut

Tanzania: Dar es Salaam, Tanzania Association of Microfinance

Togo: Lomé, Institut Francais - Campus France

Uganda: Kampala, Uganda Institute of Banking

Zambia: Lusaka, Association of Microfinance Institutions of Zambia (AMIZ)

Zimbabwe: Harare

Please note that Frankfurt School of Finance & Management cannot guarantee the availability of the listed final exam locations

* as of October 2019. Subject to change.

Events & More

Studying an online course has many advantages. But there is one particular disadvantage that many participants suffer from: usually you always learn alone, without face-to-face contact with peers, lecturers, or support team. We are trying to soften this weakness at least a little bit in trying to meet our alumni whenever and wherever possible. The main opportunities are during conferences and business trips we do and after our final exams.