Master of Finance

EDUCATION
MADE IN
GERMANY

Welcome to Frankfurt.
3

Contents
5

Master the challenge of finance

18

Your faculty

Key facts of the programme

20

Your international network

Interview with the Academic Director

20

Partner universities

Programme structure

22

Our services

10

Concentration in Capital Markets

23

Outdoor Campus

12

Concentration in Corporate Finance

24

Living in Frankfurt

14

Concentration in Risk Management

26

Application

16

Concentration in Development Finance

27

Your contacts

Master the challenge of finance

Welcome to the Master of Finance programme
of Frankfurt School of Finance & Management.
The Master of Finance programme is an internationally recognised study programme that
paves the way for a future career in any part of
the financial industry. It is a full-time programme
that allows students to maintain part-time employment for three work days during the week.
Financial institutions of all types banks, insurers,
private equity firms, hedge funds, microfinance,
development banks, etc. will only achieve
sustained success if their employees are capable
of embracing the complex interdependencies of
the modern world in a responsible and proactive
way. This is what our students learn while they
are here. Over decades, Frankfurt School has built
up an excellent network of finance practitioners
and institutions. Our institution was set up in the
1950s by leading banks and has always been
closely connected to the finance sector. This
close connection makes an essential contribution
to the delivery of an academically rigorous and
practically relevant programme for our students.
The programmes faculty are prominent experts
who base their teaching on a blend of theory
and practical elements. During your studies you
will benefit from innovative teaching concepts,
and by working in study groups you will discover
what managerial responsibilities in everyday
work are all about.

in small and international groups and receive

continuous support from our Career Services to
plan their future career.
Our Master of Finance was the only programme
from a German institution to appear in the 2012
and 2013 international Financial Times ranking,
Masters in Finance Pre-Experience.
Learn more about a programme that will give
you a deeper insight into finance. Get to know
our students and alumni and let them share their
enthusiasm with you for their fields of activity.

It is our graduates who build our success story,

and our alumni keep us posted about their
progress in life and the opportunities they have
had for growth. Our students benefit from all the
advantages of a top business school. They study
Prof. Dr. Udo Steffens
President Frankfurt School Finance & Management

Master the challenge of Finance

Key facts of the programme

Target group
The programme is right for you if you wish to build a career in finance and if you have the desire and the
commitment to immerse yourself in the challenging world of modern financial analysis and practice. There
are no specific requirements as to the subject of your first degree, though we do expect some exposure
to quantitative analysis at university level.

Concentrations
The programme enables you to pursue in-depth studies in one of the following four concentrations,
based on a common foundation of shared core modules.
Capital Markets

Corporate Finance

Risk Management

Development Finance

The 3-day model (21 months plus thesis)

The Master of Finance follows a unique time model that permits you to work part-time whilst pursuing
your full-time Masters degree. We call this the 3-day model. Our students typically attend classes
three days each week, either Monday, Tuesday and Saturday or Thursday, Friday and Saturday.
This leaves you with three free work days during the week for self-study or part-time employment.

Fast-track options (10 or 16 months plus thesis)

Different fast-track study options are available if you want to reduce your required stay in Frankfurt. Depending on your prior qualification, some or all of the modules in the first semester may be waived. Also,
you may choose our full-week option. All fast-track options have to be approved on an individual basis.

Financial Times Ranking 2013

The Master of Finance programme is currently ranked by the
Financial Times, the worlds leading provider of business school
rankings, at number 27 in Masters in Finance Pre-Experience 2013 ranking. Frankfurt School is the
only German business school to be included in the ranking, demonstrating our leading position as a
finance specialist institution.

Master of Finance & CFA

Frankfurt Schools Master of Finance has been accepted to the CFA Institute University Recognition Program.
This status is granted to institutions whose degree programme(s) incorporate at least 70% of the CFA
Program Candidate Body of Knowledge (CBOK) which provide students with a solid grounding in the CBOK
and positions them well to sit for the CFA exams. Through participation in this program, Frankfurt School is
eligible to receive a limited number of student scholarships for the CFA Program each year.

Key facts of the programme

The challenge of turbulent markets

Interview with Prof. Dr. Michael H. Grote

What qualifications are important

for Frankfurt School students and
future careers in the finance sector?

Michael H. Grote

We are facing turbulent times in the

financial sector. How does Frankfurt
School prepare future financial
managers for this challenge?
The content of the Master of Finance modules
is being continuously adapted. With the largest
Finance Department in Germany and a highlydeveloped corporate network, Frankfurt School
comprehensively addresses both theory and
practice. Feedback from both worlds is constantly
integrated in the programme to prepare students
for the globally changing environment. We have
introduced a Risk Management concentration in
2013, reflecting the finance industrys demand
for specialists in this area. Youll find high-profile
practitioners and experienced specialists in many
classes in the Master of Finance programme
who are using actual case studies based on their
experience. That said, we believe that a sound
analytical basis is a major ingredient of our
students readiness for future challenges.

Our students are highly motivated to analyse

complex problem settings and eager to develop
their own solutions to these. The Master of
Finance fits those with a business administration
or economics background as well as students
that have a more technical first degree, such as
in mathematics, sciences or engineering. A clear
focus and sharp analytical skills are essential in
order to pursue a successful career in todays
turbulent world. During the programme students
specialise according to their personal goals and
interests. Graduates of the Master of Finance
programme are also sought after in many other
industries firms need to finance themselves,
and regulators and government agencies also
need a clear-cut understanding of financial
markets.

What makes Frankfurt Schools

Master of Finance graduates special?
Our graduates hold an internationally recognised
degree from the leading German finance school
Frankfurt School of Finance & Management.
They are highly respected in Europe and beyond
because they act responsibly and because of
their first-class analytical skills and cutting-edge
practical and conceptual knowledge. They have
proven that they can manage a world-class
demanding programme. We are proud of them!

Michael H. Grote is Professor of Corporate Finance

at Frankfurt School, Vice President Academic Affairs
and Academic Director for the Master of Finance.

Interview with the academic Director

Programme structure
Semester 1
Macro- & Monetary Economics

Financial Statement Analysis

Statistics & Econometrics

Financial Products & Modelling

Finance

Semester 2
Financial Markets & Institutions

Risk Management

Corporate Finance

Concentrations (choose one):

Capital Markets

Corporate Finance

Risk Management

Development Finance

Derivative Analysis

Derivative Analysis

Organisation & Processes

Growth Enterprise & Finance

Structured Products &

Interest Rate Models

Corporate Valuation

Financial Supervision &

Banking Regulation

Financial Development

Capital Markets

Corporate Finance

Risk Management

Development Finance

Credit Risk, Default Models &

Credit Derivatives

Debt Capital Markets

Credit Risk, Default Models &

Credit Derivatives

Microfinance

Financial Engineering

Equity Capital Markets

Risk Modelling

Infrastructure Policy,
PPPs & Project Finance

Asset Management

International
Financial Management

Operational Risk, Liquidity

Risk & Other Risks

Internship

Semester 3

Practical Ethics in Finance

Elective 1

Semester 4
Elective 2

Elective 3

Masters Thesis

Study abroad option

You have the option to study at one of our international partner universities and use the credits from your study abroad to replace the electives in
semester 4.

PROGRAMME STRUCTURE

Electives
Our Master of Finance programme includes a wide range of elective
modules. Though most of them are related to finance and the four
concentrations, we also offer elective modules with a broader business
and management focus. Our students choose three electives, one in
Semester 3 and two in Semester 4.

Sample of Electives in Semester 3

Digital Marketing

Financial Stability

Management of Innovation

Consulting Field Study

Private Wealth Management

Financial Instruments Accounting

Mergers & Acquisitions

Private Equity

Sample of Electives in Semester 4

Market Estimation & Forecasting

Bank Controlling

Renewable Energy Finance

FX Options & Structured Products

Leadership & Intercultural Management

International Marketing Strategy

Causes & Contagion of Financial Crisis

Arbitrage Theory
Subject to change

PROGRAMME STRUCTURE

Concentration in Capital Markets

The concentration in Capital Markets was
specifically formulated in response to the
demands of todays investment banking sector.
You are given a thorough base in mathematical
methods and tools that are essential for a successful investment banking career. This concentration
is ideal for all those who wish to work for

investment banks and other financial institutions.

It is also aimed at students who wish to pursue a
PhD upon completion of the Masters programme.
It prepares you for a career path in an investment
banking environment such as trading, risk management, asset management, or derivatives.

Specialisation modules
Derivative Analysis

Asset Management

You develop your understanding of the use of derivative

products, gain a comprehensive theoretical understanding
of forwards, options and other derivatives, learn to analyse
and calculate hedges and how to implement these with
Excel.

The module introduces the practice of portfolio management.

Asset allocation, portfolio insurance, shortfall risk and performance measurement and attribution form the essentials
of this module, with a strong emphasis on practical application.

Credit Risk, Default Models & Credit Derivatives

Financial Engineering

The management of credit risk is an essential part of this

module. Becoming familiar with the credit value at risk and
the industry models, like Credit Risk+, are only some of the
important learning results. You will be able to apply credit
derivatives, and discuss mark-to-market CDS pricing and the
CDS curve.

Financial engineering takes you one step further. Under tight

time constraints, students use their knowledge from previous
modules to prepare and present case studies. Working in an
international project group you gain hands-on experience in
pricing, analysing and selling financial products to clients.

Structured Products & Interest Rate Models

You learn about the motivation of structured interest rate products and the role of swaps in the world of interest rate derivatives.
Understanding and analysing interest rate swaps, the swap curve and its history are crucial for using and evaluating complex
interest products.

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CAPITAL MARKETS

We are proud to introduce our students to

financial research in a professional environment.
Bloomberg and Reuters provide our students
with real-time data from all major markets.
This is a unique chance for students to prepare
themselves to work in financial institutions.
Thomas Heidorn
Professor of Bank Management
Head of Centre for Practical Quantitative Finance
Frankfurt School of Finance & Management

11

Concentration in Corporate Finance

Financial decisions inside corporations are
becoming more complex and have an everincreasing impact on the financial sector. Our
faculty, visiting professors and industry experts
bring a broad background of academic expertise
and hands-on experience to the classroom.
The Corporate Finance concentration focuses on
valuation techniques, financing, product design,
hedging methods and financial intermediation. The
concentration is designed to endow our students

with a deep understanding of financial decisionmaking, corporates interactions with financial

markets and the regulatory environment. Our
graduates will be highly qualified for leadership
positions in corporations, in advisory or in banking.
Specific career paths include international
corporations, the advisory industry, commercial
or investment banking and various national or
international government institutions specialising in
the area of finance.

Specialisation modules

12

Derivative Analysis

Debt Capital Markets & Equity Capital Markets

You develop your understanding of the use of derivative

products, gain a comprehensive theoretical understanding of
forwards, options and other derivatives, learn to analyse and
calculate hedges and how to implement these with Excel.

These two modules provide students with an in-depth understanding of the way in which corporations can finance their
activities through the issuing of debt and equity. The modules
look at the whole spectrum of instruments that are available,
embedding practical insights into institutional and regulatory
aspects within a broader analytical framework. Teaching in these
modules makes extensive use of case studies.

Corporate Valuation

International Financial Management

This module builds on the core corporate finance principles,

theories and methods previously studied, to estimate the
value of corporate entities. Students will get an overview
of the most popular valuation methods, their uses and
practical applications and will learn to assess their
advantages and disadvantages.

This module equips students with the tools necessary to

manage corporations in a global business environment.
Topics include exchange-rate fluctuations its sources, its
implications, the risks to the enterprise; the global cost of
capital and global capital budgeting; the international tax
environment and transfer pricing.

CORPORATE FINANCE

As I did the work-study programme

in combination with a part-time
employment, I appreciated the
opportunity to combine my studies
with continued practical experience.
In addition, small groups and international orientation of the study
programme are very compelling. Citi
is a great place to work in an international environment with teams
around the globe and very dedicated
colleagues. As each project is not
alike, you are constantly facing new
challenges, which creates a very
dynamic work and learning
environment.
Jens Bender
Vice President Investment Banking
Citigroup Global Markets Deutschland AG
Master of Finance, Class of 2005

Concentration in Risk Management

The persistent crisis of the global financial system
results in an increased need for experts and
leaders to manage financial and non-financial
risks in both a professional and sustainable way.
In the Risk Management concentration students
receive comprehensive insight into the structure,
methods and applications of modern risk management. Combining theoretical models with casestudies and research prepares students to take
on the challenges of todays risk management

and regulation business. The concentration

is supported by FIRM, the Frankfurt Institute
for Risk Management and Regulation. FIRM
provides some scholarship funding as well as
arrange internships. Students will also be invited
to executive talks with leading representatives in
Risk Management
and to participate
in the FIRM alumni
initiative.

Specialisation modules
Risk Modelling

Financial Supervision & Banking Regulation

This module extends your knowledge of market risk by

covering state-of-the-art techniques of risk modelling. You
learn about statistical and econometric foundations of time
series and related modelling approaches such as GARCH
models, techniques targeted at modelling extreme losses and
sophisticated modelling of dependencies (copulas). Particular
emphasis is put on practical application of these concepts.

This module treats the objectives, such as proper incentive

schemes, of financial supervision and banking regulation.
German banking regulation rules (MaRisk, KWG, Solva,
LiqV) are covered and compared with international banking
regulations (Basel II, II.2, III). Non-bank financial regulation,
such as regulation of insurance companies (Solvency II), is
also part of this module.

Credit Risk, Default Models & Credit Derivatives

Operational Risk, Liquidity Risk & Other Risks

The management of credit risk is an essential part of this

module. Becoming familiar with the credit value at risk and
the industry models, like Credit Risk+, are only some of the
important learning results. You will be able to apply credit
derivatives, and discuss mark-to-market CDS pricing and the
CDS curve.

Risk types beyond market and credit risk are covered in this
module. You will learn about operational risk modelling and
regulation of operational risk. Liquidity risk, which played a fundamental role in the subprime crisis, will be covered both from
a modelling and a supervisory standpoint. Other risks, such as
legal and reputational risk, are also treated in this module.

Organisation & Processes

You will understand the risk management process in general and the credit process (decision, monitoring, workout) in particular.
Specific processes, such as retail, commercial and real estate are discussed. Also, you will learn about process optimisation and
outsourcing.

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Risk Management

The demand for highly-trained

risk managers has grown tremendously in the aftermath of
the recent financial crises. The
academic partnership with GARP
recognizes the rising need in the
financial industry for experts who
can analyse the market and manage financial and non-financial
risks on a more professional level.
In this programme, students
receive a thorough insight into
the structure, methods and
applications of modern risk
management.
Prof. Dr. Natalie Packham

The programme in relation to Financial Risk Manager (FRM)

Frankfurt School of Finance & Management has an Academic Partnership
with the Global Association of Risk Professionals (GARP). The Master of Finance,
specialisation Risk Management and the Master in Risk Management & Regulation are the first programmes in Germany to be accredited by GARP to cover
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
as well. This demonstrates that our students acquire the appropriate skills and
techniques required by the global risk management profession.

15

Concentration in Development Finance

By choosing the Master of Finance with con
centration in Development Finance, you lay
the foundation for a successful career in inter
national development work. Development
organisations need people who combine a firm
theoretical grounding in finance, economics
and development with a practical command of
applied techniques and with hands-on personal
experience in international development projects.
The Development Finance concentration is
designed to let you acquire this unique mix of
skills and competences. A special feature of this
concentration is the mandatory internship in a

development project. Due to the close links

between Frankfurt School and various development organisations, our students are given
access to much sought-after internship positions
in banks, NGOs, advisory firms and intergovernmental organisations. This programme is ideal for
all those who wish to work for an international
organisation (e.g. World Bank), an international
development organisation (e.g. GIZ), international
development projects, commercial banks and
financial institutions with an interest in sustainable
finance, or various government specialist positions
in economics, finance and technical cooperation.

Specialisation modules
Growth Enterprise & Finance

Financial Development

This module lays the foundation for an understanding of economic and financial development. Topics include: portfolios of
the poor, functions of money and finance, moral hazard and adverse selection, financial market infrastructure, models of growth,
stylised facts of financial development, special applications e.g.
finance for small and medium enterprises, financial crises.

In this module students are confronted with the key factors

driving (and hindering) financial development. To this end,
students are introduced to the history of financial development in mature economies, the main theories of financial
intermediation and the challenges of financial development
in emerging markets and developing economies today.

Microfinance

Infrastructure Policy, PPPs & Project Finance

This module explores the theory and practice of microfinance.

Various credit technologies that reduce information costs,
such as group, relationship, individual and transactional
lending, are investigated in detail. Governance and sustainability as well as funding and the role of donors will be
analysed.

This module deals with the building blocks of infrastructure

policy: market structure, regulation, ownership arrangements,
implications for finance, forms of Public Private Partnerships
(PPPs) as well as the role and applications of project finance.
Students will apply micro-economic analysis in the area of
natural monopoly regulation, and apply project finance to
PPP deals including spread-sheet analysis.

Internship
All Development Finance students undergo an international project internship (ca. 6 weeks). Projects are with NGOs,
governments and intergovernmental organisations, advisory firms and banks.

16

Development Finance

The Masters Programme at

Frankfurt School exposed
me to diverse people and
environments. I was able to
build networks and expand
my knowledge of financial
sector development in
Africa a perfect preparation for the GIZ project in
Ghana. Here I am working
together with the public and
private sector for sustainable
economic development promoting responsible financial
behaviour.
Daniela Richter
International Junior Long-term Expert
GOPA Worldwide Consultants, Ghana
Master of Finance, Class of 2010

17

Your faculty
Frankfurt School is a leading teaching and research institution with ca. 50
professors, complemented by visiting professors and lecturers from all over the
world. Finance is Frankfurt Schools largest department and also the largest
one in Germany with almost 20 professors. Both first-class professors from
academia as well as key practitioners from the corporate world make this
programme a unique experience for our Master of Finance students.

Erich Barthel
Professor of Corporate Culture & Human
Resource Management, and is Head of the
Management Department. Before joining
Frankfurt School, he served as Head of the
personnel department at a large German bank
and as member of the board of an international
consulting firm.

Vincent Fardeau
Assistant Professor in the Department of Finance.
Before joining Frankfurt School, he worked as an
Economist in the Division of Research and Statistics
at the Federal Reserve Board. Prior experience also
includes working at BNP Paribas and Goldman
Sachs.
Module: Finance

Module: Leadership & Intercultural Management

Rita Biswas
Associate Professor in International Finance
at University of Albany, New York and Adjunct
Professor at Frankfurt School.
Module: International Financial Management

Falko Fecht
DZ Bank Professor of Financial Economics. Prof.
Fecht is also Research Professor at Deutsche
Bundesbank. Before joining Frankfurt School, he
worked with the Federal Reserve Bank of New
York, the European Central Bank and several other
central banks.
Module: Financial Markets & Institutions

Michael H. Grote
Professor of Corporate Finance and Vice President
Academic Affairs. Prof. Grote is also Co-head of
the Frankfurt Institute for Private Equity and M&A.
Before joining Frankfurt School, he was Assistant
Professor at Goethe University and Metzler Visiting
Professor of International Finance at Wharton
School.
Module: Mergers & Acquisitions

Thomas Heidorn
Professor of Bank Management and Head of Centre
for Practical Quantitative Finance at Frankfurt
School. He is the Head of the expert group on
rating methods for structured products at the DVFA
(German Association of Financial Analysis and Asset
Management) advising corporates and public-sector
institutions on the management of derivatives.
Modules: Derivative Analysis, Financial Engineering

18Michael H. Grote

Yuping Jia
Assistant Professor of Accounting. She has been at
Mannheim University as an Assistant Professor after
finishing her PhD in Tilburg, NL. At Frankfurt School
since 2011, Prof. Jias research focuses on financial
reporting quality and corporate governance.
Module: Financial Statement Analysis

Hartmut Kliemt
Professor of Philosophy & Economics and Vice
President Research. A philosopher and economist,
he has been working with, among others, James
Buchanan and Reinhard Selten, two Nobel
laureates. Prof. Kliemt is Co-head of a large
German science foundation research group
looking into priority setting in medicine.
Module: Practical Ethics in Finance

Michael Koetter
Professor of Banking and Finance. Before joining
Frankfurt School, he was Professor of International
Financial and Monetary Economics at the University
of Groningen. Prof. Koetter also worked as a
consultant at Boston Consulting Group and as a
researcher at Deutsche Bundesbank.
Module: Banking

Natalie Packham
Assistant Professor of Quantitative Finance. Prof.
Packhams research focuses on quantitative risk
management. She has several years of industry
experience as an investment banking software
engineer at Dresdner Kleinwort.
Modules: Risk Management, Risk Modelling

Zacharias Sautner
Professor of Finance. He was previously Associate
Professor of Finance (with tenure) at the University
of Amsterdam and Director of the Corporate Finance and Banking program at Duisenberg school
of finance. Prior to that he worked as Research
Fellow in Finance at the Sad Business School of
the University of Oxford. Prof. Sautner holds a
PhD in Finance from the University of Mannheim.
and studied at University of York and University of
Cooperative Education Stuttgart.
Module: Corporate Finance

Jia Yuping

Gnter Strobl
Professor of Finance. His research focuses on
corporate finance, market microstructure and
asset pricing, and has been published in leading
journals. Prof. Strobl was an Assistant Professor
of Finance at Kenan Flagler Business School of
the University of North Carolina. He holds a PhD
from the Wharton School.
Module: Equity Capital Markets

Jan Vecer
Professor of Finance. He received his PhD in Mathematical Finance from Carnegie Mellon University.
Jan Vecer held academic jobs at the University of
Michigan and Kyoto University and at Columbia
University. He works in various areas within the
fields of Financial Statistics, Financial Engineering
and Applied Probability.
Module: Statistics & Econometrics

Jrg R. Werner
Professor of Accounting and Head of Accounting
Department. His research focuses on international
comparison of accounting standards.
Module: Financial Accounting

Adalbert Winkler
Professor of International and Development
Finance. Before joining Frankfurt School, he was
Deputy Head of the EU Neighbouring Regions
Division/DG International at the European Central
Bank and chief economist of a consulting company
engaged in development finance.
Modules: Macro- & Monetary Economics,
Microfinance

Your faculty

19

Partner universities
In Semester 4, students have the
option to study at one of our many
international partner universities.
Argentina
Pontifical Universidad Cattlica Argentina, Buenos Aires
Universidad Torcuato die Tella, Buenos Aires
Universidad de San Andrs, Buenos Aires
Armenia
Russian-Armenian University, Yerevan

Your international
network
Alumni network
Our graduates form an important network, acting
as a link between Frankfurt School and business
as well as between theory and practice. Most
importantly, the more than 2,500 members of
our Alumni Society stay in touch with each other
long after their studies and across national borders.
Our alumni come from all over the world. They
meet regularly at lectures, discussions and informal gatherings online. Exclusive alumni events
take place in Frankfurt, Hamburg and Munich.

Alumni-active: get involved!

As a graduate of Frankfurt School there are various
ways to become actively involved in university life.
You can be a mentor for students or a lecturer
in our study programmes, you can commission
studies, provide the impetus for final theses in
Bachelor or Master programmes, take part in or be
a speaker at events and you can even be an employer of graduates, future students and interns.

20

Your international Network

Australia
Griffith University, Brisbane
University of New South Wales, Sydney
Bond University, Gold Coast, Robina
La Trobe University, Melbourne
University of Technology, Sydney
Oueensland University of Technology, Brisbane
Austria
Fachhochschule BFI Wien, Vienna
Barbados
University of the West Indies, Cave Hill
Belgium
HEC Management School in University of Lige
Brazil
FURB Universidade de Blumenau
Insper Instituto de Ensino e Pesquisa, So Paulo
Canada
Universit du Qubec Montral
Vancouver Island University, Nanaimo, BC
HEC Montral
Chile
Universidad Via del Mar
Universidad Mayor, Santiago de Chile
Universidad Diego Portales, Santiago de Chile
China
China Foreign Affairs University, Beijing
Zheijang University, Hangzhou
Nanjing University
Lingnan University, Guangzhou
Sun Yat-Sen University School of Business, Guangzhou
Southwestern University of Finance & Economics, Chengdu
Beijing Normal University, Beijing
Jiangxi University of Finance and Economics, Nanchang
Shanghai University of Finance & Economics
Shanghai Advance Institution of Finance,
Shanghai Jiao Tong University

Estonia
Estonian Business School, Tallinn
Fiji Islands
South Pacific University, Suva
France
ESG Management School, Paris
KEDGE Business School Campus Marseille and
Bordeaux (previously Euromed Marseille), Marseille
Hungary
Central European University, Budapest
Iceland
Bifrst University, Borgames
India
Bimtech University, Greater Noida
Foundation for Liberal and Management Education, Pune
Indian Institute of Management Indore, Madhya Pradesh
Indian Institute of Management, Ahmedabad
Management Development Institute, Gurgaon
Indian Institute of Management Calcutta
International Management Institute Delhi
Indonesia
Faculty of Economics and Business,
Universitas Gadjah Mada, Daerah Istimewa Yogyakarta
Ireland
Dublin Business School, Dublin
University College Dublin Smurfit School of Business
Griffith College Dublin
Italy
Universit Cattolica del Sacro Cuore, Milan
Universit Bocconi, Milan
Japan
Chuo University, Tokyo
Jordan
Deutsch-Jordanische Universitt, Amman
Kenya
United States International University, Nairobi
Lithuania
International Business School at Vilnius University, Vilnius
Mexico
Universidad de Monterrey, Monterrey
Instituto Tecnolgico Autnomo de Mxico (ITAM),
Mexico City
Instituto Tecnolgico y de Estudios Superiores de Monterrey
Morocco
Ecole de Gouvernance et dEconomie de RABAT, Rabat
Namibia
University of Namibia, Windhoek

Netherlands
Universiteit van Amsterdam (Business School), Amsterdam
Radboud University Nijmegen
New Zealand
Massey University, Palmerston North
The University of Auckland
University of Otago, Dunedin
Norway
BI Norwegian Business School, Oslo
Poland
Warsaw School of Economics
Portugal
University of Porto
Russia
Finance University under the Government of the Russian
Federation, Moscow
Higher School of Economics, Moscow
Moscow School of Economics, Moscow
Slovenia
University of Ljubljana
South Korea
Ajou University, Suwon
Hanyang University, Seoul
Sungkyunkwan University (SKKU), Seoul
Spain
Universidad Autnoma, Madrid
Universidad San Pablo-CEU, Madrid
Universidad de Sevilla (Hispalensis), Sevilla
Sweden
Linkping University
Swizerland
ZHAW School of Management and Law, Winterthur
Taiwan
National Chengchi University, Taipei City
Turkey
Okan University, Istanbul
United Kingdom
Loughborough University
Napier University, Edinburgh
Nottingham Business School, Trent University
University of Bath
University of Abertay Dundee
USA
American University, Washington D.C.
Boston University Metropolitan College International, Boston
Emory University, Atlanta
Hawaiian Pacific University, Honolulu
University of California, Riverside
University of Colorado at Colorado Springs
Subject to change

Partner Universities

21

Our services
Career Services
Our Career Services provides Frankfurt
School students with a wide range of
support to help with planning their
future career: application check, advice
on working-student opportunities, internships, corporate training programmes,
and personal consultation. Excursions,
events and presentations organised by
our Career Services initiate the direct
contact between students and recruiters
on campus.

Student residences
We have four student residences primarily
for international students. All student
residences are located right in the city
centre of Offenbach just a few kilometres
to the east of Frankfurt. Enjoy the international atmosphere at our student residences and live with people from all over
the world!

22

Our Services

Outdoor Campus
The first days of classes at Frankfurt
School look a bit different especially
to foreign students finding themselves
awaking to the beautiful German
countryside. In addition to our orientation
week on campus, new students complete
two days of exciting group challenges
and team-building exercises at Frankfurt
Schools Outdoor Campus. This is a great
opportunity to get to know your fellow
students in a fun environment outside
of the classroom, and to also learn what
it means to cooperate and work as part
of a team.
Due to the international backgrounds
of our students, two days of hands-on
lessons about teamwork and communication are the perfect start for your
studies at Frankfurt School. Instructed
by teambuilding professionals, group
leaders coach students on a variety of
adventures that are designed to enhance
everyones ability and willingness to
work together and accomplish the
teams greater goals just like in the
real world. From scaling castle walls,
to blindfolded orienteering and group
stage performances, there are adventures suited to everyones taste.

Outdoor campus

23

Living in Frankfurt
Frankfurt is located in the centre of Germany
and has one of the largest airports in continental
Europe. Frankfurt is a modern and cosmopolitan city but there are also ancient and beautiful
buildings. By train, you can reach Paris in 3 hours
40 minutes, Berlin in about 4 hours and the Alps
in around 5 hours. The city of Frankfurt itself is
an important commerce hub of Europe and the
businesses and people from all over the world
reflect this well. Frankfurt is also rich in culture
which you will be able to experience in its restaurants, shops, museums and festivals. The city is
a wonderful mix of old and new. You can see
the skyscraper-filled skyline that gives the city its
nickname Mainhattan while enjoying a traditional Apfelwein among medieval buildings.
This dynamic place truly has a lot to offer, and a
great deal for you to experience.

Museums
Stdel
One of the most important German museums. Its
collection spans seven centuries, starting in the
14th century all the way up to contemporary art.
The permanent exhibition contains some of the
most famous Old Masters paintings, drawings
and sculptures. staedelmuseum.de
Schirn Kunsthalle
World-famous art gallery with an exciting programme of rotating exhibitions, focused mainly on
modern and contemporary art. schirn.de
Liebighaus
A museum devoted to sculpture from antiquity
to contemporary works hosted in one of the
loveliest villas of Frankfurt, a wonderful turn-ofthe-century mock castle right by the river Main.
liebighaus.de

24

LIVING IN FRANKFURT

Museum fr Moderne Kunst

The Museum fr Moderne Kunst hosts rotating
exhibitions of photographs and much more. It also
offers wonderful sunset soires, with dinner, a DJ
and guided visits to current shows.
mmk-frankfurt.de

Cafs
Karin
This breakfast place is much beloved by the locals;
it is located directly opposite Goethes birthplace.
cafekarin.de
Margarete
This is a new caf, very nicely set in the Haus des
Buches and under the same roof as the exchange
society of the German book trade and the Frankfurt
book fair. margarete-restaurant.de
Wacker
One of the most traditional coffee houses in Frankfurt with a long history. The coffee is said to be
the best in town. wackers-kaffee.de

Markets

Parks

Weekly Market, Friedberger Platz

10 a.m. to 8 p.m., Fridays
Even though it looks like a farmers market where
you can find all sorts of fresh food, this place is a
lot more: a meeting spot, a place where you can
enjoy a glass of wine with new friends, see and be
seen, plan for a beautiful weekend and enjoy the
lifestyle of an up-and-coming neighbourhood.
friedbergerplatz.de

Grneburgpark
Great park in the Westend neighbourhood, with a
view of the skyline. Perfect meeting place for sun
worshippers, joggers and families. frankfurt.de

Museumsufer Flea Market

9 a.m. to 2 p.m., every second Saturday
Art, kitsch, trash and great finds this flea market
offers all this and more to the discerning eye. And
its the perfect place to buy a nice second-hand
bike at unbeatable prices. frankfurt.de

Palmengarten
Beautiful botanical garden, with large green
houses that host all sorts of exotic plants. And you
shouldnt miss the Viennese-style coffee shop!
palmengarten-frankfurt.de
Banks of the River Main
Nice lawns along the river with a great view of
the skyline. Perfect for jogging, cycling, a romantic
picnic or a barbecue with friends. frankfurt.de

Kleinmarkthalle
Mon-Fri 8 a.m. to 6 p.m., Sat 8 a.m. to 4 p.m.
Popular indoor market with a very big variety of
international and local food products.
kleinmarkthalle.com

LIVING IN FRANKFURT

25

Application
The deadline for applications is 31st July.
Applications are assessed in order of submission;
we therefore advise you to apply as early as
possible.

Factsheet

Degree:

Master of Science

Admissions:

First university degree (Bachelor

or equivalent), excellent written
and spoken English skills (TOEFL
min 90 IBT, or equivalent),
GMAT (preferred), GRE or
equivalent, successful participation in our admissions interview

Duration:

4 semesters (21 months, plus

thesis). Depending on prior
qualification, the required stay
in Frankfurt may be reduced to
10 or 16 months, plus thesis.

Credits:

120

Language:

English

Location:

Frankfurt, Germany

Concentrations:

Capital Markets, Corporate

Finance, Risk Management,
Development Finance

In addition to your completed application form,

you will also need to provide us with:
certified copies of university degree certificates
evidence of your English language skills
(min. 90 points TOEFL (IBT) or IELTS 6.5, or
equivalent)
official GMAT score report or Frankfurt
School Admission Test
CV and proof of professional qualifications
a recent colour photo
Once your application has been assessed, we
will invite you to a personal interview with a faculty
member in Frankfurt or via telephone. During the
interview, which lasts approximately one hour,
we explore your professional and academic
experience and your future goals. We will inform
you about the acceptance of your application
shortly after the interview.

Application deadline: 31st July

Start of programme: September of each year

For more information concerning tuition, fees and application

process, please visit our website: www.frankfurt-school.de/mof

26

Application

Your contacts
Admissions

Sarah Jurczyk
Tel. +49 69 154008-251
Fax +49 69 154008-4251
s.jurczyk@fs.de

Programme Director

Dr. Julia Knobbe

Tel. +49 69 154008-254
Fax +49 69 154008-4254
j.knobbe@fs.de

Academic Director

Prof. Dr. Michael H. Grote

m.grote@fs.de

Disclaimer: The contents of this brochure

are current at the time of going to press. All
information published in this brochure is intended merely to provide a general overview
of the study programme: Frankfurt School
of Finance & Management reserves the right
to modify the curriculum, the schedule or any
parts thereof. The same applies to tuition fees
and internal and external examination fees.
For the latest updates, please contact our
Student Services Office.

www.frankfurt-school.de

Sonnemannstrasse 911
60314 Frankfurt am Main
Germany
Tel. +49 69 154008-0
Fax +49 69 154008-650
info@frankfurt-school.de

Turkey Office
Erdal Kocoglu
Nispetiye Cad. Ece Apt. B
Blok N:49 / 17 Etiler
Istanbul
Turkey
Tel: +90 212 3522077
Fax +90 212 352 20 76
e.kocoglu@frankfurt-school.de
India Office
Sumit Rai
Pentagon 1, 1st floor, 102
Magarpatta City, Hadapsar
411014 Pune
India
Tel: +91 20 66850 701
s.rai@int.frankfurt-school.de
Kenya Office
Willemien Libois
Mandera Road,
Kileleshwa, Nairobi
Kenya
Tel: +254 712 293855
w.libois@frankfurt-school.de
China Office
Yumin Yan
Room 1911, Guohong B
No. 11A Muxidi Beili, Xicheng District
Beijing 100038
China
Tel: +86 10 63908990
Fax +86 10 63908991

FS-2025E 02/14 3.000 (20)

y.yan@int.frankfurt-school.de