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Master in Financial Management student Master in Financial Management student
Master of Science (MSc)

120 ECTS


Tuition Fee
EUR 39,000*

*excl. 250 EUR enrolment fee

Application Deadline
30 June

Programme Start
26 August

4 Semesters | Full-Time

The Master in Financial Management programme at Frankfurt School is designed to allow students from non-business studies to enter and start a career in the world of finance. This programme will allow students to gain core business competencies, develop quantitative skills and become leaders in the financial industry.

Programme Highlights
  • Finance-focused master programme aimed at students without a quantitative background in finance
  • 3-day study model, allowing part-time employment starting from the second semester
  • Access to our Entrepreneurship Accelerator or Incubator for personalised mentoring
  • International class with students from a variety of countries
  • Study, network and experience Life in Frankfurt
  • Access to high-profile practitioners from the corporate world
  • An extensive network of cooperating companies, universities and alumni worldwide
  • Scholarships available

  • First academic degree (Bachelor or Diploma) with at least 180 ECTS credits
  • Excellent written and spoken English (TOEFL - 90 iBT, IELTS 7.0 or equivalent)
  • Valid GMAT/GRE score* or Frankfurt School Admission Test (BT Methods)**
  • Successful admissions interview

*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
(EUR 4,000 discount)*
30 November 2023
Early Bird
(EUR 2,000 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 in Financial Management Learning Goals

* coming soon

Rankings, Accreditations & Partnerships

Rankings & Accreditations
FT_RANKINGS_2022_EU Business School

Frankfurt School is among the top 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 that has been awarded "Triple Crown" accreditation.

Master in Financial Management: Curriculum

The curriculum of our Master in Financial Management programme is designed to support our students' development into finance and make careers as consultants, managers and financial controllers.

Semester 1

Quantitative Fundamentals

Quantitative Fundamentals

This module covers fundamental mathematics, statistics, and probability for economics. It equips students with mathematical tools to analyze economic and financial problems and applies them to real-world examples. It introduces mathematical basics, sequences, series, finance math, and calculus. The statistics part includes descriptive statistics, probability theory, and inferential statistics for economic problem-solving. It fosters quantitative skills in students and integrates with other modules in the semester, setting a strong foundation for subsequent coursework.

Economics of Business

Economics of Business

This course introduces students with no previous background in economics to the fundamental principles that guide economic and managerial decision making. The course is split in two parts: in the first part, students are introduced to key microeconomic principles such as opportunity cost, the law of demand and supply, and firms’ decision making at the margin. The second part of the course introduces students to the analysis of the macroeconomic environment and policy making to manage economic fluctuations.

Money, Banking & Finance

Money, Banking & Finance

This course provides students with an understanding of various financial aspects, including Money, Banking, and Finance. In the Money section, they explore money's functions, inflation, and monetary policy, focusing on central banks like ECB and U.S. Fed. Banking delves into how banks work, their risks, and government regulation. Finance covers financial decision-making, NPV formula, arbitrage, market efficiency, and multifactor models. Students gain insights into the financial system's strengths, principles in money and finance, financial intermediaries, and portfolio management, ultimately preparing them to analyze and navigate the evolving financial landscape.

Financial Statement Analysis

Financial Statement Analysis

This module introduces students to accruals accounting, emphasizing accounting quality, key financial indicators, and profitability analysis. It covers ESG reporting, accounting for intangible assets, and M&A transactions, as well as credit risk analysis and data analytics. Students gain essential skills for financial analysis, making informed decisions, and understanding contemporary accounting practices.

Tutorial Sessions

Tutorial Sessions

Students attend classes on Monday, Tuesday, and Saturday, with Thursdays and Fridays dedicated to tutorial sessions focusing primarily on quantitative content.

Semester 2

Financial Controlling

Financial Controlling

Managerial Data Science

Managerial Data Science

Strategy & Organisation

Strategy & Organisation

Risk & Crisis Management

Risk & Crisis Management

Corporate Finance

Corporate Finance
Semester 3

Investment Decision Making

Investment Decision Making

Corporate Governance & Social Responsibility

Corporate Governance & Social Responsibility

International Money & Finance

International Money & Finance

Sustainable Finance

Sustainable Finance

Financial Product Project

Financial Product Project
Semester 4

Electives or Entrepreneurship or Study Abroad

2 Electives or Entrepreneurship Accelerator or Semester Abroad




Study abroad option: You have the option to use the credits from your electives in semester 4 to study abroad.
Curriculum may be subject to change.
*Relevant Internship or working student position is mandatory for the programme. It can be taken at any time during the programme and must be complete before the end of semester 4.

Personalise your studies

3 Day Model

The Master in Financial Management 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”. In addition to the 3 Day model, students will receive tutorials on 2 additional days during the first semester. Starting from the second semester, our students typically attend classes three days a week, Mondays, Tuesdays and Saturdays. This leaves three working days during the week for self-study, language courses or part-time employment. Some lectures or excursions are organised as blocked week events.

Entrepreneurship Centre

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!


In the fourth semester, students can choose 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.

Study Abroad

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.


Careers Services & Your FS Network

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.  

Learning Experience

Frankfurt School strongly believes in a well-rounded education, and the Master in Financial Management is no exception. Innovative in-class teaching methodologies are supplemented by various workshops and activities to enhance the overall learning experience.

Finance Lab

Access to Bloomberg and Factset terminals provides you with the tools to gain essential trading and research skills for your finance career. These terminals give our students the possibilty to use a modern patform that help them navigate today´s financial markets.

Competition & Awards

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.

Guest Lectures, Talks & Finance Conferences

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. 

German Classes

The Master in Financial Management 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.

Class Profile




Average age


Origin of Students

Germany 13%
Asia 52%
Rest of Europe (exc. Germany) 30%
Americas 4%

Educational Background

Languages & Cultural Studies 30%
Banking & Finance 22%
Business Administration 17%
Engineering & IT 9%
International Business & Management 9%
Economics 4%
Other 9%

Student Life in Frankfurt

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.

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

  • Certified copy of your undergraduate transcript of records and degree award certificate
  • Certified copy of your TOEFL / IELTS results or equivalent (TOEFL - 90 iBT, IELTS 7.0 or equivalent)
  • Official GMAT score report, GRE score report or FS Admissions Test (no possibility of waiver and no minimum requirement)
  • CV or resume (must be in English)
  • Other documentation supporting professional experience or other extracurricular activities, if applicable

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

2. Assessment Centre and/or Interview

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. 

3. Results

The final decision regarding your Master in Financial Management 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.

4. Programme Start

The Master in Financial Management 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.

Financing & Scholarships

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.


Where can you meet us?

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. 

Get more information