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Money and Finance – (M.Sc.)
Goethe University Frankfurt Am Main
Masters Programs in English
| Application Deadline: | March 15; May 1; July 15 (early dates for Non-EU applicants recommended) | ||
| Annual Tuition Fee: | Free - | ||
| Location: | Frankfurt Am Main / Germany / View location on map ▾ Hide location on map ▴ | ||
| Duration: | 24 months | Start Date: | October |
| Languages: | English | ||
Location of Goethe University Frankfurt Am Main
MMF is aimed at high-caliber graduates of Economics, Business, and related undergraduate programs whose goal is to prepare for professional careers in the banking and financial sector. The program is designed to utilize the strengths of Goethe faculty and their links to the wide array of financial institutions and practitioners based in Frankfurt, in order to provide academically sound and professionally relevant education. Its key objective is to put graduates in the best position to compete for highly rewarding jobs.
Practitioners in the banking and financial sector are faced, especially today, with new challenges, as they operate in a policy environment and they cater to needs of households and firms that are changing rapidly. In most European countries, the conduct of monetary policy is no longer the task of national central banks, but of a major new player, the European Central Bank. Monetary policy does not amount to `setting the money supply´, and the role of money in monetary policy is being debated on both sides of the Atlantic. Household finances are becoming increasingly complicated. Growing numbers of households participate in a broad array of assets and debts, undertaking considerable risk in their portfolios and having to provide more for their old age to meet shortcomings of ailing social security systems. Firms face the challenges and consequences of the new monetary policy regime and of globalization in product markets, factor markets, and in banking and financial services. Changing needs of households and firms have generated new challenges for the financial sector, in product development and marketing; and in provision and regulation of financial advice.
The Frankfurt MMF program is uniquely designed with such new challenges in mind.
* It combines the fields of money, macroeconomics, and finance, providing graduates with a much broader toolkit than that offered by single-field Master´s programs in either economics or finance.
* It is also broader than typical combined Master´s programs in economics and finance by placing greater emphasis on macroeconomic and monetary policy issues.
* MMF is specifically designed to combine academic rigor with a focus on topical issues facing policy makers and financial practitioners, and is therefore best suited for students planning professional careers in the banking and financial sector.
* The structure of the program combines regular core and elective courses with seminars and topical courses. Seminars provide hands-on experience, while topical courses are taught by high-level Frankfurt practitioners who share their experiences and insights with students.
Contents
The Master´s program in Money and Finance is designed as a four-semester program, with the fourth semester being devoted to research and writing of a Master´s thesis. It has five major components:
* Core courses (5 courses)
* Electives (6 courses)
* Topical courses (4 courses)
* Seminars (3 seminars)
* Master´s thesis
IELTS
You are normally required to take an English Proficiency Test.
Most European Universities recognise the IELTS test.
Take testGRE® revised General Test
GRE Scores are accepted at business schools worldwide. Learn more and register.
Register Now!Requirements
MMF applicants should either hold or expect to have by the time of enrolment a Bachelor´s degree or equivalent in the area of Economics, Finance or in some related field. Exceptionally strong candidates with quantitative backgrounds can be considered, even if their field is not directly related to Economics or Finance. In the German system, a Bachelor´s grade of at least 2.5 is required for final admission and enrolment into the program. .
Applications are filed online.
The following items are required for admission:
* Completed online application, including statement of purpose (no more than one page)
* Two letters of recommendation from university faculty members who have taught the applicant
* Evidence of English language proficiency for students whose native tongue is not English and who do not hold a degree or high school certificate from an institution with English as the main language of instruction.
* TOEFL score at least 580 paper-based, 237 computer-based, 93 internet-based
(The TOEFL institution code for for the Master in Money and Finance is "4258").
* IELTS (Academic Modules) with score at least 7.0.
While documents can be scanned for application purposes, an original TOEFL/IELTS test score certificate has to be submitted prior to enrolment.
Further information:
* GRE scores are required for all applicants that plan to enroll in MMF from October 2010 onwards. A minimum score of 680 in the quantitative part of GRE is required for admission to the program. Please make sure you register to take the GRE test, so that you have the result by the time you submit your application.
(The GRE institution code for for the Master in Money and Finance is "4258").
Further information: (Please note that the GMAT is no substitute for the GRE)
* Degree certificates/diplomas as well as an official transcript of course grades (with official translations in English or German language, if relevant).
Scanned copies are used for the application process. Originals or certified copies need to be submitted prior to enrolment.
Application DeadlinesProspective students are encouraged to apply as early as possible.
First round closing date: March 15 prior to the Winter semester of intended enrolment.
Following this first application deadline, applicants may be notified of early (conditional) acceptance, rejection, or postponement of the decision until the second round is also completed.
Second round closing date: May 1 prior to the Winter semester of intended enrolment.
Final closing date: July 15 prior to the Winter semester of intended enrolment.
Applicants are STRONGLY encouraged to apply before the May 1 deadline. This is especially true for applicants who need more time to prepare for enrolment in the program (e.g., non-EU applicants who need a visa to enter Germany), as we cannot guarantee that there will be sufficient time for complicated arrangements to be made after we issue offers to applicants in the third round. Applications submitted after the July 15 deadline will not be considered.
The maximum number of students that will be enrolled in the MMF program is 40.
Language Proficiency
| Cambridge English: Advanced (CAE): | Grade C (Score: 60) |
Ask a Question
You can contact Sven Fürth to ask a question about Money and Finance at Goethe University Frankfurt Am Main.
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