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Master of Finance student 2023 Master of Finance student 2023
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 of Finance is a programme for recent graduates or young professionals aspiring to be finance experts. Embarking on a transformative academic journey with their program, students benefit from its proud affiliation with the CFA University Affiliation Program and partnership with CAIA, ensuring top-notch education in finance.

The program's flexible structure allows for part-time employment through its innovative 3-day model, while students immerse themselves in an MBA-style learning environment. Engaging in a dynamic international community representing 25 nationalities fosters rich cultural exchange and global perspectives. They benefit from unparalleled opportunities with access to esteemed practitioners from the corporate realm and a vast network of collaborating companies, universities, and alumni spanning the globe.

Students can delve into the Entrepreneurship Accelerator or Incubator for personalized mentoring, and experiencing life in the vibrant city of Frankfurt adds a unique dimension to their journey.

Scholarship options are available to support their academic endeavors as they embark on a path of academic excellence, professional growth, and global connections.

Master of Finance Learning Goals

LG1: Expert Knowledge and Understanding in Finance

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.

LG2: Financial Product Development

Graduates will generate insights by applying scientific methods. Our graduates will be able to conceptualise and develop financial products, solutions and models.

LG3: Effective Communication and Cooperation

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.

LG4: Professional and Responsible Behaviour

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.

Rankings, Accreditations & Partnerships

The Master of Finance was the first Master's degree offered by Frankfurt School and to this day, it remains the largest of our postgraduate programmes. The programme is featured in the world´s top-ranking for business schools: Financial Times pre-experience Masters in Finance ranking.

Rankings & Accreditations
logo finance times

  • Ranked #38 worldwide
  • Ranked Top 3 in Germany
  • Ranked #15 in Salary worldwide
  • Ranked Top 23 worldwide for Career Services
FT European Business Schools 2023 ranking

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.

Recognition of CFA achievements

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

CFA Institute Research Challenge

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.

CFA Society Germany

CFA logo

The University Affiliation Program is a registered trademark owned by CFA Institute

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.

firm logo

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.

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.

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.

Master of Finance Curriculum

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.

MoF Curriculum updated


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.

why FS?

Meet us Online and On-Campus 

Find out more about our Master programmes by attending one of our Master Information Evenings. Find the program that fits your career goals best.

You can also experience our campus in person and engage directly with representatives from our master's programs during our Open Campus Nights.

Personalise your studies

3 Day Model

The Master of Finance program offers a distinctive "3-day Model" that allows you to work part-time while completing your full-time Master's degree. Classes are typically held three days a week—either Monday, Tuesday, and Saturday or Thursday, Friday, and Saturday. This schedule provides you with three weekdays for self-study, language classes, or part-time work. Additionally, certain lectures, exams, or excursions are scheduled as full-week events.

Entrepreneurship Centre

The Entrepreneurship Centre is dedicated to motivating, networking, and offering educational opportunities to both Frankfurt School students and external stakeholders, including investors, alumni, founders, and partners. Engage with us through our year-round Incubator for ongoing support or accelerate your project by participating in the Accelerator program. Additionally, seize the chance to enroll in the Entrepreneurship elective in collaboration with TechQuartier during semester 4 to pursue a double specialization alongside your concentration!


In semester 4, students have the option to choose two electives, enabling them to enrich their Master's program by delving deeper into specific subjects and exploring additional areas of interest aligned with their professional aspirations, thereby broadening their insights beyond the core curriculum.

Study Abroad

The Frankfurt School has established partnerships with over 90 universities around the world, specializing in business and management. This network offers our students the chance to broaden their perspectives, experience different cultural and academic settings, and expand their international connections. It’s an opportunity for you to dive into a new setting that equips you for a global career.

Student Life

Frankfurt stands as Europe’s business epicenter, it is hosting an array of global companies, consultancy giants, high-tech innovators, and fresh startups, with the European Central Bank as its neighbor. The FS is instrumental in propelling these sectors forward with state-of-the-art research and innovations in consultancy, technology, banking, and finance.

Careers Services & Your FS Network

Our Career Services team offers comprehensive support to enhance your international career prospects. We provide job placement assistance, help in resume writing, and personalized career consultations tailored to your goals. With our strong corporate connections and alumni network, you'll have access to numerous job opportunities. Guest lectures and company visits togehther with the opportunity to work part-time also provide crucial insights into industry trends and practices, helping you navigate the job market successfully. 

Employment statistics - Class of 2022

Salary after Graduation

92 % of our Master of Finance students find a full-time position within 3 months of graduation.

Starting Salary (including bonus) is 79,600 Euro excluding trainees and interns

Where do our graduates work?

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

Stifel Financial
ALANTRA Deutschland GmbH
Allianz Versicherungs AG
Alvarez & Marsal
AURELIUS Equity Opportunities
Bain & Company
Bank of America
Bank of China
Bankhaus Metzler
BCG Platinion
BNP Paribas
Carl Zeiss IQR GmbH
Clairfield International
Commerzbank AG
Credit Suisse
Crowe Global
Desay SV Automotive Europe GmbH
Deutsche Bank
Deutsche Beteiligungs AG
Deutsche Börse
DWS Group GmbH & Co KGaA
Elion Group
Eurex Clearing AG
Eurex Frankfurt AG
European Central Bank
Exaloan AG
Fidelity International
Goldman Sachs
Hauck Aufhäuser Lampe Privatbank AG
Houlihan Lokey
HSBC Global Asset Management (Deutschland)
Huatai Securities
Leverest GmbH
Lincoln International AG
M.M.Warburg & CO
Morgan Stanley
One Square Advisors
Roland Berger
Park Square Capital
PGIM Real Estate
Philip Morris
Qontigo GmbH
Robert W. Baird
Roland Berger GmbH
Rothschild & Co
Salm-Salm& Partner GmbH
Société Generale
Solactive AG
Standard Chartered
Steen Associates Limited
Struktur Management Partner GmbH
Tradegate AG
Union Investment
Universal Investment
Van Lanschot Kempen
Wilhelm Krebs Resorg GmbH
Winterberg Group AG

Employment by Industry


Employment by Function

employment by function_graph

Learning Experience

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.

Finance Lab

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.

Competition & Awards

The Frankfurt School actively fosters student participation in diverse challenges and competitions, including the CFA Research Challenge. This initiative not only offers selected students a platform to showcase their abilities but also enables them to compete against leading universities from around the world, amplifying their academic and professional growth opportunities.

Guest Lectures, Talks & Finance Conferences

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. 

German Classes

The Master of Finance program is conducted exclusively in English. However, German language classes are offered to support non-German speaking students throughout their enrollment. We highly recommend that students learn German prior to arriving in Frankfurt to enhance their employment prospects.

Class Profile

Origin of Students


Educational Background


Data Analytics & Machine Learning in Finance


Nowadays 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.).

Data Camp

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.

Financing & Scholarships

Your degree is a stepping stone to future successful professional careers. Being a Business School of global repute, we provide the perfect setting for you to acquire a degree and ensure promising pathways for your professional growth.

We, therefore, are calling highly enthusiastic and motivated students to be a part of our team with assured high levels of our academic and research services.

Application Process

application process graph


  • First academic degree (Bachelor or Diploma) of at least 180 ECTS (preferably in finance, economics, or a related quantitative discipline)
  • 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 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

The Master of Finance is accredited by