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120 ECTS
*excl. 250 EUR enrolment fee
The Master of Finance is a programme for recent graduates or young professionals aspiring to be finance experts. To ensure that the programme meets the needs of all our students, two first semester tracks have been created: "Finance Immersion" and "Business" tracks.
*We accept valid class or Focus edition GMAT scores. Find more information here.
**Please note: The Frankfurt School Admission Test (BT Methods) can be taken once.
Deadlines & Discounts
We encourage you to complete your application as soon as possible as there are financial advantages for candidates who submit a complete application early.
Early Bird (4,000 Euro discount)* |
30 November 2023 |
Early Bird (2,000 Euro discount)** |
31 March 2024 |
Final Application and Scholarship Deadline | 30 June 2024 |
*In order to secure the Early bird discount you must have received an admission letter by 31 March
**In order to secure the discount you must have received an admission letter by 30 June
Master of Finance Learning Goals
Graduates will draw upon expert knowledge and broad, detailed and critical understanding of specifics, limitations and doctrines in different areas of finance to shape responses and independent ideas to business and research opportunities and challenges. They will be able to analyse, structure and evaluate complex financial problems.
Graduates will generate insights by applying scientific methods. Our graduates will be able to conceptualise and develop financial products, solutions and models.
Graduates will be effective communicators in interdisciplinary fields of research and practical business contexts. They will be responsible team members and reach common goals by effective cooperation within a team. They will recognise potential conflicts in cooperation with others and reflect on them in the context of situation-overlapping conditions.
Graduates will have developed a professional identity within the financial sector. They will recognise and respect the personal and cultural differences in an international business environment. They will understand and reflect on the ethical and societal implications of their recommendations and business decisions.
Frankfurt School is one of the best European Business Schools. Accredited by AACSB, EQUIS and AMBA, the three leading international associations of business schools, Frankfurt School is one of the few institutions worldwide, which has been awarded the so-called "Triple Crown".
GARP and the Financial Risk Manager (FRM®) Exam
The Master of Finance, with the Risk Management concentration and the Master in Risk Management & Regulation are the first programmes in Germany to be accredited by GARP as covering at least 70% of the body of knowledge of the Financial Risk Manager (FRM®) Part I examination.
They further cover a large part of the FRM® Part II examination. This demonstrates that our students acquire the skills and techniques required by the global risk management profession. One elective module may be waived for Master of Finance students who have passed the FRM Part I exam. Students should submit their application for waiver to programme management by deadlines provided during the course of studies.
CFA University Affiliation Programme
Frankfurt School´s Master of Finance is a member of the CFA Institute University Affiliation Programme. This status is granted to institutions whose degree programme(s) incorporate at least 70% of the CFA Programme Candidate Body of Knowledge (CBOK), thus providing students with a solid grounding in the CBOK and thoroughly preparing them for the CFA exams.
Up to two elective modules may be waived for Master of Finance students who have passed the CFA Level I exam and/or are selected to participate in the CFA Research Challenge. Students will need to submit their waiver application to programme management by the deadlines provided during the course of studies. More information on the CFA Institute University Affiliation Program
Frankfurt School is proud to have participated in the CFA Institute Research Challenge for six years running. The annual global competition provides university students with hands-on mentoring and intensive training in financial analysis, testing analytics, valuation, report writing and presentation skills.
On 5 February 2019, five Master of Finance students particpated in the national finals of the CFA Institute Research Challenge. Only three of twelve German universities had qualified for the German finals. The students conducted an extensive company analysis of Fresenius Medical Care AG & Co.KGaA. They submitted a written report with a sell, buy or hold recommendation for the company’s stock. In the final, they had the chance to present their research results to a jury of four esteemed CFA charter holders.
Frankfurt Institute for Risk Management and Regulation (FIRM)
FIRM is supporting our Master of Finance students with a number of generous scholarships. Candidates applying for this specialisation may be awarded a scholarship covering up to two semester fees. In addition to that members of this concentration will have the opportunity to win the monetary Risk Management award, which will be presented during the graduation ceremony.
CHOM CAPITAL Sustainable Impact Diversity Scholarship
CHOM CAPITAL GmbH supports Master of Finance students who have a proven interest in sustainability issues and who want to concentrate on the Sustainable Finance concentration during their studies.
CAIA Association
Students have access to the Chartered Alternative Investment Analyst Association®'s curriculum in order to successfully become a Chartered Alternative Investment Analyst (CAIA). This includes scholarships for the CAIA exam – Level I and Level II, access to the Center for International Securities and Derivatives Markets (CISDM) Hedge Fund Database as well as to publications of the CAIA Association.
In Germany, Frankfurt School is the first business school that partners with the CAIA Association. Upon signing, FS became the 16th partner university from the EMEA Region, joining many other internationally top-ranked institutions such as the University of St. Gallen and the IE Business School. Read more.
Cooperation with IE
IE Business School and Frankfurt School have signed a strategic agreement to launch joint finance education initiatives. The agreement will enable students of both institutions to take part in semester exchange programmes and shorter study trips to the Schools´ Madrid and Frankfurt campuses including career and networking events as well as company visits in both locations. Read the full story.
Bloomberg Experiential Learning Partner
Within the Financial Products & Modelling module students are expected to utilise the resources in our Finance Lab and to complete the Bloomberg Markets Concepts (BMC) tutorial, which is a 10-hour, self-paced e-learning course that provides an interactive introduction to the financial markets. BMC consists of 5 modules - Economic Indicators, Currencies, Fixed Income, Equities and Getting Started on the Terminal - woven together from Bloomberg data, news, analytics and television.
The Business Track is designed to allow students with academic backgrounds in Finance, to enter a first semester that allows for the combination of diverse topic coverage while ensuring a solid foundation of core competencies required throughout the programme.
The Finance Immersion Track follows the traditional Master of Finance curriculum. This track will allow students from non-finance, but quantitative academic backgrounds, to develop essential finance and business competencies through the combination of academic lectures and practical tutorial sessions.
The Finance Immersion Track is the primary study path for students of the Master of Finance. Our new Business Track is launched for students who have high academic proficiency in finance.
In the second semester, both tracks will come together before starting one of the five concentrations.
Our Master of Finance concentrations are designed to provide specialised knowledge and skills focused on specific areas of capital markets, corporate finance, risk management, financial advisory and sustainable Finance. In addition, through these concentrations and company projects you have an opportunity to visit established corporations and start-ups.
The Master of Finance follows a unique time model that permits you to work part-time whilst pursuing your full-time Master’s degree. We call this the “3-day Model”. Students typically attend classes three days a week, either on Mondays, Tuesdays and Saturdays or on Thursdays, Fridays and Saturdays. This leaves three working days during the week for self-study, language courses or part-time employment. Some lectures, exams or excursions are organised as blocked week events.
The mission of the Entrepreneurship Centre is to inspire, connect and provide training to Frankfurt School students as well as to external stakeholders such as investors, alumni, founders and partners. You can choose to take part in our Incubator for year-round guidance or boost your project by taking part in the Accelerator. You can also choose the Entrepreneurship elective offered in partnership with TechQuartier in semester 4 and obtain a double specialisation combined with your concentration!
Students can choose in semester 4 to complete two electives, giving them the opportunity to expand the depth of their Master programme and gain insights in addition to the primary topics in other areas of interest depending on their professional goals.
Frankfurt School partners with 90+ universities worldwide that are primarily focused on business and management, giving our students the opportunity to gain comparative viewpoints, diverse cultural and study environments and to widen their international network. This gives you the chance to immerse yourself in a new environment that prepares you for a global career.
Our exclusive corporate connections and strong Alumni network allow you to build a professional network crucial for developing your international career. Our Careers Services team will support you with individual consultations on career development that are based on your interest and career goals. This along with our regular guest lectures and company visits, plus the opportunity to work part-time throughout your full-time studies, leaves you in the spotlight for employment after graduation.
The combination of practical learning methods and the ability to work part-time ensures our Master of Finance students are able to secure jobs in a variety of companies and industries by the time they graduate. Below are examples of where our students worked during and following their studies. Take a look at some more here.
Average Salary (Including Bonus) | 79,600 Euro |
*excluding trainees and interns
Our Master of Finance alumni have secured jobs in a variety of companies and industries since graduating. Take a look at some of their career paths.
List of employers
AbbVie |
Accenture |
Stifel Financial |
ALANTRA Deutschland GmbH |
Allianz Versicherungs AG |
Alvarez & Marsal |
AURELIUS Equity Opportunities |
Bain & Company |
Bank of America |
Bank of China |
Bankhaus Metzler |
BCG |
BCG Platinion |
Berenberg |
BlackRock |
BNP Paribas |
Carl Zeiss IQR GmbH |
CEPRES |
Clairfield International |
Commerzbank AG |
Credit Suisse |
Crowe Global |
Deloitte |
Desay SV Automotive Europe GmbH |
Deutsche Bank |
Deutsche Beteiligungs AG |
Deutsche Börse |
DWS Group GmbH & Co KGaA |
DZ BANK AG |
Elion Group |
Eurex Clearing AG |
Eurex Frankfurt AG |
European Central Bank |
Exaloan AG |
FalkenSteg |
Fidelity International |
UniCredit |
goetzpartners |
Goldman Sachs |
Hauck Aufhäuser Lampe Privatbank AG |
Helaba |
Houlihan Lokey |
HSBC Global Asset Management (Deutschland) |
Huatai Securities |
ING |
Kasikornbank |
KfW |
KPMG |
Leverest GmbH |
LFPI GmbH |
Lincoln International AG |
M.M.Warburg & CO |
Mazars |
McKinsey |
Mercer |
Morgan Stanley |
MSCI |
Nomura |
ODDO BHF SE |
One Square Advisors |
Roland Berger |
Park Square Capital |
PGIM Real Estate |
Philip Morris |
PPI AG |
PwC |
Q_PERIOR |
Qontigo GmbH |
Rabobank |
Robert W. Baird |
Roland Berger GmbH |
Rothschild & Co |
Salm-Salm& Partner GmbH |
SEB |
SKAD |
Société Generale |
Solactive AG |
Standard Chartered |
Steen Associates Limited |
Struktur Management Partner GmbH |
Tradegate AG |
UBS |
Union Investment |
Universal Investment |
Van Lanschot Kempen |
Wilhelm Krebs Resorg GmbH |
Winterberg Group AG |
XTP AG |
92 % of our Master of Finance students find a full-time position within 3 months of graduation.
Frankfurt School strongly believes in a well-rounded education, and the Master of Finance is no exception. Innovative in-class teaching methodologies are supplemented by various workshops and activities to enhance the overall learning experience.
Access to Bloomberg and Factset terminals provides you with the tools to gain essential trading and research skills for your finance career. Classes, including Financial Products & Modelling, will take place in the Finance Lab during your 1st semester and will be accessible throughout your time on campus.
Frankfurt School encourages students to participate in various challenges and competitions, e.g. CFA Research Challenge, throughout the year, giving selected students the opportunity to prove themselves and compete against other top universities worldwide.
Our Master of Finance programme is based on a mixture of theoretical learning, supported by and reinforced with case studies and group work, following the Harvard model of teaching. Our students have access to finance conferences organised by FS Publishing House, e.g. M&A and Private Equity, Renewable Energy Finance, etc.
Frankfurt School’s close ties to the finance industry are evident in the guest lecture opportunities. Students can network with innovators and industry veterans regularly from their own university.
The Master of Finance is taught entirely in English. However, German classes are provided for all non-German speaking students throughout the duration of the programme. We strongly encourage our students to learn German before they arrive in Frankfurt in order to improve their employment opportunities.
The Master of Finance students have the opportunity to visit other European universities and connect with the local students.
This year our students visited Nova School of Business and Economics in Portugal to deepen their knowledge in Sustainable Finance. The sessions tackled crucial topics such as Sustainable Development Goals (SDGs), Green and Climate Finance, the Relationship between Investment in Human Capital and Sustainable Finance, and the Role of Corporate Governance in Sustainable Finance.
IE Business School
For one week the students travel to Madrid and attend lectures at IE Business School on Blockchain, Big Data and how these technologies are influencing companies. All courses will be taught by faculty from IE, which gives the students the opportunity to broaden their academic network.
Have a look at Santiago's blogpost on his experience at last year's IE exchange.
Bocconi
We also offer the opportunity to spend a week in Milan by attending one of the electives in the fourth semester at Bocconi University. The elective not only includes courses at the university but students also visit renowned companies in the area.
Student Experiences
Conner Tensey (Master of Finance Class of 2021):
"If I had to use one word to describe the trip, it would be amazing. After being apart from the world for so long, it almost becomes second nature to be alone and it becomes so easy to forget what it was like to be around so many people. Truly seeing the entire class again - people I hadn't seen in a year or more - was something almost indescribable. To then go off with all of these amazing people to such a beautiful country and attend so many well-crafted events, was without a doubt one of the best experiences of my life. Not only was it so nice to see all of the classmates I missed, but it was also incredible to meet all these new people from the other intakes and programs. This experience was one of the most powerful I've had, and I am positive these memories will stick with me until they cannot anymore."
Joy He (Master in Management Class of 2022):
"It was refreshing to see how people from both Frankfurt School and Nova SBE were so motivated to connect with each other. As an international student who came to Germany for the masters during pandemic, this trip represented what I was pursuing: to build meaningful relationship with people from different cultural and educational backgrounds. Such meaningful relationship also resonates with my key takeaway from the sustainable finance course that changes and actions start from personal connections and caring for each other. I am grateful of all the efforts Frankfurt School and Nova SBE put into organizing this trip during the current situation, and I am deeply grateful for this opportunity to finally connect with our own schoolmates from both Master in Management and Master of Finance."
Nowdays Python is widely used in finance. It is a solution to process and analyse large database and big financial data. Frankfurt School offers its students courses to understand programming and data analysis with Python. In the 4th semester our students have an opportunity to attend related electives (Blockchain, Artificial Intelligence etc.).
Student Insights: Financial Big Data / Nowcasting Inflation
Several of our classes are supported by DataCamp, an intuitive learning platform for data science. It helps our students to learn R, Python and SQL through a combination of short expert videos and hands-on-the-keyboard exercises. In addition to mandatory assignments students can take over 100+ courses by expert instructors on topics such as importing data, data visualisation or machine learning. This enables them to learn faster through immediate and personalised feedback on every exercise.
Professor Insights: Handling Big Data
Frankfurt is the commercial hub of Europe where major global corporations, consultancy firms, high-tech industries and startups are located alongside the European Central Bank. Frankfurt School plays a key role in supporting these strategic partner industries through its cutting edge research and innovative solutions focused on consultancy, tech, banking and finance.
Many of our aspiring and inspiring individuals lead important initiatives such as fundraising for environmental causes or for tech and innovation start-ups as well as engaging in consultancy competitions, sports and wellbeing activities.
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
Each of the documents listed above are required for completing your application. However, you do not need to upload them all at once.
Deadlines & Discounts
Applications are considered on a rolling basis, therefore we encourage you to apply as early as possible. Applications received before the end of November and March will benefit from our early bird discounts of EUR 4000 EUR 2000 respectively. Applicants interested in a scholarship must complete the relevant section within their online application.
Early Bird (EUR 4,000 discount)* |
30 November 2023 |
Early Bird (EUR 2,000 discount)* |
31 March 2024 |
Final Application and Scholarship Deadline | 30 June 2024 |
Start of programme | 26 Aug 2024 |
*You must have received an admission letter by 31 March and 30 June respectively
Successful applicants will be invited to an Assessment Centre and Frankfurt School Admission Test, if applicable. The interview will be held over a video call for all applicants. The purpose of the interview is to gain a better understanding of your character, personality, expectations, motivations and goals.
The final decision regarding your Master of Finance admission will be based on a combination of undergraduate grades, English language abilities, admission test results and interview performance.
We also take into account other significant experiences, commitments or awards such as internships, international experiences and volunteer projects.
The Master of Finance programme begins on 26 August 2024. All students are expected to be at Frankfurt School on this day. 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.
Information for FS Bachelor Students
FS Bachelor students who are considering an FS Master's degree as a continuation of their studies are welcome to join our Master Open Campus Events or to contact us directly to discuss their options.
Your degree is an investment in your professional future. As a business school of international standing, we not only offer you ideal conditions for gaining/obtaining a degree – we also offer you excellent career prospects.
Since we can guarantee the quality of our teaching and research, we also expect the highest levels of commitment and motivation from our students.
Study Fee
Enrolment fee*: | EUR 250 |
Semester fee: | EUR 9,750 |
Total price: | EUR 39,250 |
Deposit: To reserve your place in the programme, you will need to submit a deposit payment of EUR 3,000. This will be subtracted from the total tuition fee. You will receive instructions for submitting your deposit payment after you have sent us your signed contract of study.
* The registration fee is due after you have signed your study contract. It is not an application fee.
Learn more about our master programmes at one of our Master Info Evenings and find out which programme could help you excel in your career.
You may also come and explore our campus and speak to representatives from our master programmes face-to-face, at one of our Open Campus Nights.
We offer several ways to get in touch with us such as class visits, fairs outside of Frankfurt and personal consultations.