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Degree
Master of Arts, MA

Language
EN

Location
Online

Tuition Fee
14,700 Euro

Programme Start
1 September

Duration Part time
18-24 Months

Frankfurt School will be aligning its online academic programme (Master of Leadership in Development Finance- online) more closely with the UN Sustainable Development Goals (SDGs) and provide a more flexible approach for those students who are interested in following a green finance track, while staying true to our roots in development finance.

Thus, we would like to introduce Master of Leadership in Sustainable Finance- online
 

The Programme

Boost your career with an international degree in leadership & sustainable finance.

The Master of Leadership in Sustainable Finance online programme 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.

Additional value-adding on-site modules possible

Highlights
  • 18-24 months / part-time programme
  • Online programme that gives you an internationally recognised academic degree
  • Build your career in either development finance, sustainable finance or green finance
  • Flexibility to study wherever you are, whenever you want
  • International and diverse class with students from all over the world
  • High practice relevance combined with academic excellence
  • Benefit from a  strong alumni network of 7.000 certified experts via forums and other channels

Target Audience

You are the ideal candidate for this master programme if:
  • You are a professional with work experience in the development finance industry or related to developing and emerging countries – or in climate finance, international development cooperation, engineering, green banking and sustainable investment management.
  • However, applicants with a different background, who are looking to change their career and move into the financial inclusion and/or sustainability field, are also valuable for the programme and should not be excluded.
  • You want to climb the career ladder in your organisation.
  • You wish to follow an excellent, accredited programme alongside a full-time job to develop yourself professionally.
  • You are ready to make a real change in the economies of developing countries and/or in the battle against climate change.
  • You want to have the advantages of studying at home while enjoying the benefits of an international classroom.

Requirements

  • Undergraduate academic degree (bachelor’s or equivalent) from a recognised university (including diploma and transcript of records)
  • Proficiency in written and spoken English
  • At least two years of relevant work experience (proven by a recommendation letter from your former or current employer)
  • Admission Test and Interview

Study Fee

Total tuition fee: 14,700 EUR

Registrations open on 31st October, 2019.


Combinable Discounts:

  • 10% Alumni Discount
  • Early Bird Discount for complete applications received by:
February 29th 20%
March 31st 15%
May 31st 10%
  • 10% Group Discount (for 2 or more students)

Fee amount paid by already completed FSDF e-Campus courses will be deducted.

Personalize your curriculum

This fully-fledged master programme allows you to specialize in one of two important focus areas in sustainable finance. You can build your personalized curriculum to reflect an interest in either : Development Finance or Green Finance.

Personalize your Curriculum

Choose your track

You can choose between the two tracks below to build your master in either Development Finance or Green Finance

Semester 1
Development Finance Framework
Development Finance Framework
Development Finance Framework

This includes Development Finance & Growth and choosing from one of the following three certified courses

Development Finance & Growth

Development Finance & Growth offers a detailed assessment of the key factors driving (and hindering) financial sector development. Through the lens of different macroeconomic schools of thought, students assess the relevance of (inclusive) financial sector development for economic prosperity and growth.

Certified Expert in Microfinance

or

Certified Expert in Islamic Microfinance

or

Certified Expert in Agricultural Finance

Green Finance Framework
Green Finance Framework
Green Finance Framework

This includes the following two courses

Economics of Climate Change

Certified Expert in Agricultural Finance

Accounting & Leadership
Accounting & Leadership
Accounting & Leadership

= Certified Expert in Financial & Managerial Accounting

Every leader needs to know how to correctly interpret, assess and deduce strategic impulses from financial statements. The module in Accounting & Leadership offers, in a nutshell, the essentials of bookkeeping, budgeting and (bank-) controlling. Students are also introduced to behavioural accounting, a concept that builds heavily on latest research findings, which is highly useful for explaining how financial statements are presented and composed both in banks and businesses.

Semester 2
Elective

(Digital Finance, SME Finance, Financial Inclusion Policy, Microinsurance)

Elective

(Climate & Renewable Energy Finance, Climate Adaptation Finance, Sustainable Finance)

Strategy & Innovation
Strategy & Innovation
Strategy & Innovation

Today’s leaders, especially in emerging markets, are faced by many strategic challenges: high competition, fragmented markets and rapid technological change. This module focuses on strategy formulation, implementation and assessment. It offers a hands.-on guideline to senior executives on how to bring business forward in a globalized, digital world.

Risk, Corporate Governance & Compliance
Risk, Corporate Governance & Compliance
Risk, Corporate Governance & Compliance

Risk management is about coping with the challenges of growth, complexity and competition in a sustainable manner. This module provides a comprehensive overview about the risks which financial institutions face (including credit, market, liquidity and operational risk) with a special emphasis on the particular requirements of emerging and developing markets. It provides students with tools to measure risks and devise appropriate risk-taking and mitigation strategies that give financial institutions the competitive edge in delivering inclusive financial services in a rapidly evolving environment.

Semester 3
Elective

(SME Finance, Microinsurance, Financial Inclusion Policy, Digital Finance)

Elective

(Climate & Renewable Energy Finance, Climate Adaptation Finance, Sustainable Finance)

Leadership & Change Management (online or on-campus)
Leadership & Change Management (online or on-campus)
Leadership & Change Management (online or on-campus)

Top-level executives in emerging markets are faced with a very specific set of leadership challenges: selecting teams in an environment marked by lack of highly educated, highly motivated (affordable) team members is often difficult. Motivating those talented individuals to work together as a team and to ensure loyalty and retention in a context of fierce competition is often even trickier to manage. This is especially the case when organizations undergo fundamental change, for instance going commercial. This module provides a set of tools on how to tackle those challenges effectively and engagingly.

One can also choose this programme on-campus.

Semester 4

Business Plan or Consultancy Project (=Master Thesis)

Project Work
Project Work

The aim of the Project Work is to provide you with the opportunity to apply your skills and knowledge gained during the programme. It is the project work that proves that you have mastery in the subject matter. The project work demonstrates that you can perform critical analysis of a given problem and draw conclusions relevant for the firm setting. Further, the project work is proof that you can describe the project related activities and results in a well written format.

Development Finance Track
Green Finance Track
Core Modules
Project Work
* To obtain the diploma in the selected track, the master thesis will need to be focused on development or green finance

Training Approach

The flexible part-time training concept offers you the opportunity to follow your own schedule and to combine daily work with professional development. The high quality of our training approach will have an immediate impact on your daily job performance.

Our Online Features

  • Mentoring and on-going support from our experienced trainers and tutors throughout the entire programme;
  • Training material based on international best practice with examples from all over the world;
  • A hands-on, practical focus with tools and guidance for real life implementation;
  • A discussion forum for sharing experiences between participants and with the online master team that will get you exposed to recent developments in the financial sector.

Training Material

Video Lectures 
  • Video lectures give an introduction to the topics of each unit and a basic understanding of each topic. 
  • Web based lectures complement the scripts and give get additional input.
Scripts

Most units include a downloadable PDF script, which serves as main training material. The scripts provide basic concepts and principles applicable to the subject-matter of each unit including important definitions, key messages, exercises and examples.

Online Tests

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

Case Studies

The key to successful learning is the immediate use of newly acquired knowledge and the transfer of theory into practice. The mandatory Case Studies have to be solved and submitted by a determined deadline.

Further Readings

The e-library contains links to latest studies and sector reports, recent publications, and relevant papers.

Discussion Forum

The forum enables the interaction between students and tutors. It facilitates the exchange of experiences and allows asking questions or get clarifications.

Final Exam

Each course from the Master of Leadership in Development Finance online Programme will end with a final exam.

FAQ on the Final Exam

Do I need to pay for taking the final exam?

The final exam fee is of EUR 50 (per each exam) to be paid to the institution hosting your final exam. The total amount of final exam fees will be deducted form your final tuition fee.  

Who will cover the travel costs related to the final exam?

Travel and accomodation related to the final exam must be arranged independently and is at your own expense.

How does the final exam look like?

The final exam is paper based. The format of the exam depend on the module but it is generally a mixture of multiple choice questions and case studies. The final exam takes 2 hours.

When do I have to take my exams?

The final exam will take place 2-4 weeks after the end of each course.

Where can I take my exams?

We have a network of partner institutions hosting our final exam worldwide.You can choose one of the locations below to take your final exam.

Final Exam Locations

Currently Available Final Exam Locations

America
  • Barbados, Bridgetown: The Cave Hill School of Business Inc. –The University of the West Indies
  • Canada, Montreal: Université du Québec à Montréal (UQAM)
  • Colombia, Bogotá: Universidad Cooperativa de Colombia
  • Ecuador, Quito: Red de Instituciones Financieras de Desarrollo
  • 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
  • Panama, Panama City
  • Peru, Lima: COPEME
  • Suriname, Paramaribo: FHR Lim A Po Institute for Social Studies
  • USA, Washington DC
Asia
  • Afghanistan, Kabul: Afghanistan Institute of Banking and Finance
  • Azerbaijan, Baku: AMFA
  • Bangladesh, Dhaka
  • 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
  • India, Mumbai: FSFM Office
  • Indonesia, Jakarta: MICRA Indonesia
  • Kyrgyz Republic, Bishkek: Association of Microfinance Institutions
  • Laos, Vientiane: ACLEDA Bank
  • Malaysia, Kuala Lumpur, Alliance for Financial Inclusion (AFI)
  • Myanmar: Yangon, Management & Accountancy School (MAS)
  • Pakistan, Islamabad: School of International Law
  • Tajikistan, Dushanbe: AMFOT
  • Vietnam, Hanoi, School of Banking and Finance
Oceania
  • Fiji, Suva: Fiji National University
  • Papua New Guinea: PNG Institute of Banking and Business Management
Europe
  • Austria, Wien: currycom communications GmbH
  • Belgium, Brussel: Fabelfin Academy VZW
  • France, Paris: OLAN SAS
  • 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
  • Italy, Neapels: IPE Business School
  • Kosovo, Pristina: Association of Microfinance Institution in Kosovo, AMIK
  • Luxembourg, Luxembourg City: European Microfinance Platform
  • Poland, Warsaw: Warsaw Institute of Banking
  • Romania, Sibiu
  • Russia, Moscow: Finance Academy and Higher School of Economics
  • Serbia, Belgrade: Association of Serbian Banks
  • Switzerland, Zurich
  • The Netherlands, Utrecht: NPM, Platform for Inclusive Finance
  • Turkey, Ankara: FSDF Office
  • Ukraine, Kyiv: Private Institution of Higher Education “International University of Finance”
  • UK, Birmingham: Humanitarian Academy for Development (HAD)
MENA (Middle East and North Africa)
  • Bahrain, Isa Town: Bahraini German International Services
  • Egypt, Cairo, Sanabel: The Microfinance Network of Arab Countries in Egypt
  • Iraq, Baghdad, Iraqi Microfinance Network
  • Jordan, Amman: JO Consultancy
  • Lebanon, Beirut: Morgan International
  • Morocco, Casablanca: Centre Mohammed VI de soutien à la Microfinance Solidaire
  • Oman, Baushar: College of Banking and Financial Studies
  • Palestine, Ramallah; Palestine Microfinance Network Sharakeh
  • Palestine, Gaza: Palestine Microfinance Network Sharakeh
  • Syria, Damascus: PDI Institute
  • Tunisia, Tunis: Enda inter-arabe
  • United Emirates: Abu Dhabi, Emirates Institute for Banking and Financial Studies
  • Yemen, Sana'a: AMIDEAST
Sub-Sahara Africa
  • Burundi, Bujumbura: Institut Français du Burundi
  • Cameroon, Douala: MPV Academy - The International Business School
  • DR Congo, Kinshasa: Congolese German Center of Microfinance
  • Ghana, Accra: National Banking College
  • Ivory Coast, Abidjan: Ecole Nationale Supérieure de Statistique et d'Economie Appliquée
  • Kenya, Nairobi: Frankfurt School of Finance & Management
  • Mali, Bamako: Mali Folkecenter
  • Mozambique, Maputo
  • Namibia, Windhoek: Namibia University of Science and Technology
  • Nigeria, Abuja: Centre for Microenterprise Development
  • Nigeria: Lagos, Centre for Microenterprise Development
  • Rwanda: Kigali, AMIR Association of Microfinance in Rwanda
  • South Africa: Durban, Durban University of Technology
  • South Africa: Pretoria
  • Tanzania: Dar es Salaam, Tanzania Association of Microfinance
  • 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 November 2017. Subject to change.

Application process

1. Online Application

The first step in applying for our programme is the completion of our online application, which includes uploading the following required documents in support of your application:

Eligibility Requirements

  • Undergraduate academic degree (Bachelor’s or equivalent) from a recognised university (including Diploma and Transcript of Records)
  • Proven Excellent written and spoken English
  • At least two years of relevant work experience (proved by a recommendation letter from your former or current employer)
  • Admission Test and Interview

Required Documents

  • CV or resume
  • Transcript of records and diploma from your undergraduate studies
  • Employee Reference Letter

Deadlines

We encourage you to complete your application as early as possible. There are also special financial advantages for candidates who submit a complete application early:

  • January 31st - 20% Early Bird Discount
  • March 31st - 15% Early Bird Discount
  • May 31st - 10% Early Bird Discount
  • July 31st - Application Deadline

2. Admission Test & Interview

The Admission Test consists of several questions designed by Frankfurt School that the candidate will need to answer.

After reviewing your Admission Test, we will invite qualified candidates to participate in a Skype or telephone interview with a member of Frankfurt School staff. 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 admissions into our Master of Leadership in Development Finance online Programme will be based on a combination of the candidate’s academic qualifications, English language abilities, admissions test score, work experience and interview results.

4. Start of the Programme

The next cohort always starts in September

FSDF e-Campus Alumni

If you have already been certified in one of Frankfurt School’s Development Finance e-Campus courses, that course will be recognised in our Master Programme, which means, you will not need to repeat it.

Furthermore, the fees you paid for that completed course will be deducted from your tuition fee. Additionally, you will benefit from a 10% Alumni Discount.

Example

You completed the Microfinance and the SME Finance certification courses:

Looking at your curriculum, this means that during the first semester you can concentrate on the following units:

  • Development Finance & Growth
  • Accounting & Leadership

During the second semester you can focus on:

  • Risk Management for Managers
  • Strategy & Innovation

The third semester will be, in this case, a regular one.

On the financial side, your tuition fee will be reduced by 10% (Alumni Discount) and than we will deduct max. EUR 1,950 (in case you paid the full tuition fee of EUR 650 CEMF and EUR 1,300 CESF without any discounts) as well.

Financing your Studies

Fee and Example

If you have completed the FSDF e-Campus courses in SME Finance and Microfinance and applied on April 15, your total tuition fee will be:

Total Fee EUR 14,700
-10% Alumni Discount - EUR 1,470
-10% Early Bird Discount - EUR 1,470
= EUR 11,760
-Tuition fee paid for completed SME Finance course - EUR 1,300
-Tuition fee paid for completed Microfinance course (early bird) - EUR 650
Total Fee (One-Time Payment) EUR 9,810
Total Fee split into 8 instalments EUR 1,226.25

Installments

The total tuition fee will be split equally into eight instalments and issued every three months.

The first instalment will be due before the programme begins.

For more detailed information, write to the online master team.

FS FX Protect

For those of you applying from outside the EURO zone, we are proud to present our highly innovative currency hedging option – FS FX protect.

Over the coming years, several macroeconomic developments may coincide with your studies, which may increase your financial burden. The European Central Bank (ECB) could raise its key interest rates from the current very low levels – perhaps prompting the EURO to appreciate (become more expensive) against other currencies. Countries whose economies depend on the export of commodities may find that their currencies lose value vis-à-vis the EURO. In short, it could very well be that your study fees (in EURO) become more expensive (in your home currency) than you calculate now.

We want to ensure that you can complete your Master of Leadership in Development Finance without having to worry about your country's future exchange rate. Your installments will be insured against adverse exchange rate developments by FS FX Protect. It is open for all currencies that can be found on OANDA. FS FX Protect is available for 49 EUROS (added to your first installment). FS FX Protect could save you up to 1,910€ in case your currency depreciates dramatically. The hedging option is explained in detail below. If you want to participate, simply tell us during your admission interview.

Frankfurt School protects Master of Leadership in Development Finance students from foreign exchange risks

Example FS FX Protect

Between 2014 and 2015 the Azerbaijani New Manat (AZN) depreciated against the Euro by almost 15%. If an Azerbaijani student would have started the Master online Programme in September 2014 he would have had to pay almost 15% more for the 2nd and 3rd instalment than if the currency would have been stable (see example below). FS FX Protect secures you from depreciations up to 20%.

*average 3-months FX from 30/4 - 31/07/2016 **actual amount invoiced by Frankfurt Schook, not including EUR 49 FS FX Protect fee

*average 3-months FX from 30/4 - 31/07/2016 **actual amount invoiced by Frankfurt Schook, not including EUR 49 FS FX Protect fee

The Frankfurt School Scholarship Programme

The aim of this scholarship programme is to provide highly talented candidates with an opportunity to study irrespective of their financial circumstances.

Scholarships cover a partial amount of tuition for the Master of Leadership in Development Finance online programme (maximum 30%).

Selection criteria include candidates’ academic achievements (grade of undergraduate degree), performance during the Frankfurt School selection procedure and candidates’ personal achievements (professional and international experience, extracurricular activities, social commitment, and intercultural skills,), motivation, and financial needs.

Scholarship Application

To receive a Frankfurt School partial scholarship for the Master of Leadership in Development Finance you need to submit an application. The scholarship application will be completed within the online application and should include the following: 

1. A statement delivered to our scholarship committee clearly showing what makes you an outstanding student and why you are the perfect scholarship candidate.

For this, you have three options:

  • Short video (max 2 minutes) - preferred;

  • PowerPoint presentation (max. 5 slides) or

  • An essay (max. 500 words)

2. Explain how you will finance the remaining part of tuition fee (keep in mind that the partial scholarship might be less than 30%)

Please note that funds for this scholarship are limited.

Completed applications must be submitted by July 31st. Incomplete applications or applications received after this date will not be considered for a scholarship. Frankfurt School awards the master scholarships continuously throughout the admission process on a “first come first serve” basis. Therefore, we recommend that you apply as soon as possible.

A scholarship committee will review the scholarship candidates only once the application is completed and the applicant is admitted to the master programme online. The final decision on the scholarship amount lies with the scholarship committee. The scholarship committee’s decision is final and candidates have no legal entitlement to a scholarship.

Class Profile

Gender

Female 40%
Male 60%

Origin of Students

Africa & Middle East 45%
Europe 36%
Asia 10%
America 8%
Oceania 1%

Educational Background

Business Adm. & Management 30%
Economics 25%
Banking & Finance 12%
Accounting 7%
Other 26%

Employer

Private Sector/ Consulting 26%
MFI 23%
Banks/ Regulator 16%
International Financial Institution 11%
NGO 11%
Public Institution 8%
Education/ Research 4%

Master contributes to UN SDGs

This master will enhance your knowledge in the following SDGs. The SWA offers professional and executive courses dedicated to the advancement of the UN Sustainable Development Goals (SDGs).

Accreditation