Financial Management Studies
Contents and Prospects
  • State recognized since 1999
  • Accreditation by the German Council of Science and Humanities
  • Study Location: Munich
  • Top marks in numerous rankings

Financial Management Studies: Your Path to Becoming a Financial Expert

Are you interested in finance and want to start an exciting career in the world of financial management? Financial Management Studies could be just the thing for you! In this article, we'll take a look at what this degree entails and what career opportunities it opens up.

Why study Financial Management?

Financial Management Studies is career-enhancing because it gives you skills that are in demand in many industries. You'll learn how to effectively manage finances, create budgets, analyze investments and evaluate risk. These skills are invaluable in the corporate world, banking, consulting and many other fields. A degree in Financial Management opens doors to a wide variety of career opportunities and can help you advance faster in your career.

You should study Financial Management because it gives you the skills and knowledge to make smart financial decisions, whether in your personal life or in the business world. With this degree, you can learn how to create budgets, make investments, evaluate risks, and achieve financial goals. This is important not only for your own financial security, but also for a successful career in many fields, including business management and consulting. It allows you to develop a sound understanding of money matters, which is invaluable in today's economic world.

Requirements for Financial Management Studies

The exact requirements for Financial Management Studies can vary from one university to another. Nevertheless, there are some general requirements that usually apply:

University Entrance Qualification

You must have the required university entrance qualification or equivalent in your country. This can be a high school diploma, a specialized baccalaureate or something equivalent.

Mathematical Knowledge

Since Financial Management involves mathematical concepts such as financial mathematics and investment analysis, strong math skills are often expected. Some programs may even require specific math exams as part of the admissions process.

English Skills

If the degree is offered in English, a good command of English may be required, possibly through TOEFL or IELTS test proof.

Application Documents

You usually have to submit a study place application, which often includes certificates, a curriculum vitae and, if applicable, letters of recommendation or motivation.

Entrance Exams

Some countries and colleges require entrance exams to assess your suitability for the program. These exams may be based on math, general knowledge, or financial topics.


Some colleges may conduct an interview as part of the admissions process to assess your motivation and suitability for the program.

It is important to note that the exact requirements may vary from university to university. Therefore, it is advisable to check with the respective universities about the specific admission requirements and the application process. In many cases, you can find this information on the university's website or contact the university's admissions office directly.

What strengths do you need for Financial Management Studies?

Successful Financial Management Studies requires certain strengths and skills to successfully navigate the complex financial concepts and tasks. Here are some key strengths that are beneficial in a Financial Management Studies program:

✓ Organizational skills: Financial Management requires accurate planning, budgeting and time management to be effective.

✓ Decisiveness: You must be able to make sound financial decisions and weigh risks under pressure.

✓ Ethics and integrity: financial managers must act ethically and take responsibility for their financial decisions.

✓ Communication Skills: You must be able to communicate complex financial information in an understandable manner, both orally and in writing, whether in reports, presentations, or discussions.

✓ Interest in Business and Finance: A basic interest in business and financial topics can help you stay motivated and immersed in your studies.

It is important to note that not everyone needs to have all of these strengths from the start. Many can be developed and improved during the course of study. A willingness to work hard and hone these skills is often as important as initial talent.


Munich Business School is offering a new degree program starting in 2024 that focuses on Financial Management, called Master International Business | Finance.

How to study
Financial Management?

Option Description
Bachelor's Degree Programs You can pursue a bachelor's degree in Financial Management at a college or university. These programs usually last three to four years and provide a basic apprenticeship in Financial Management and related subjects.
Master's Programs After earning a bachelor's degree, you can pursue a master's degree in Financial Management or a related field. Master's programs offer in-depth knowledge and allow you to specialize in specific areas such as financial analysis or corporate finance.
Online degree programs There are also many online degree programs and distance learning programs in Financial Management that allow flexible learning from home. These programs are particularly suitable for working professionals or students who do not live near a university.
Part-time programs Some colleges offer part-time programs that allow you to work and study at the same time. These programs are ideal for those who are already working in the financial industry and want to improve their skills.
Dual degree programs Some universities offer dual degree programs, where you simultaneously earn a bachelor's degree and gain practical work experience at a company. This allows you to combine theory and practice.
Continuing Education and Certificate Courses If you already have a degree but want to deepen your knowledge of Financial Management, you can also consider continuing education programs or certificate courses in financial topics. These courses are often shorter and more focused than degree programs.

Choosing a degree option depends on your individual goals, your current level of education, and your career situation. It is important to research carefully and select the program that best fits your needs and goals.

Contents of Financial Management Studies

The exact curriculum of a Financial Management Studies program may vary slightly from one college to another, but generally includes the following regular topics, skills, and knowledge:

Knowledge and Skills:

  1. Financial Analysis: Learn how to analyze balance sheets, income statements, and cash flow statements to evaluate the financial health of a business.
  2. Investments: You'll learn how to make investment decisions, analyze stocks, bonds, and other financial instruments, and manage a portfolio.
  3. Risk Management: Understand how to identify and minimize risks in various financial scenarios.
  4. Financial Planning: You'll be able to create personal financial plans that take into account long-term financial goals and needs.
  5. Budgeting: Learn to create and manage budgets for businesses or individuals to achieve financial goals.
  6. Business Finance: You'll understand business financing, mergers and acquisitions, raising capital, and business valuation.
  7. Tax: Gain insight into tax issues, both on a personal and corporate level.
  8. Ethics and Compliance: You will become aware of ethical issues in finance and financial compliance.


This coursework provides a comprehensive foundation in Financial Management and prepares you for a variety of career opportunities in the financial sector. Depending on the university and program, other specific courses and concentrations may be added. So, Financial Management Studies is a solid foundation for a career in finance and can also be useful in your personal life to help you make better financial decisions.

The Financial Management Program at MBS

Munich Business School is a private university with a focus on Business Studies. In 2023, MBS was once again named the best private university of applied sciences in the field of business from a recruiting perspective by Wirtschafts Woche, among others. Starting in 2024, MBS also wants to expand its focus on finance and is introducing a new master's program called International Business | Finance.

Master International Business | Finance (M.A.)

Munich Business School's challenging master's program combines the core skills of business and finance in a captivating way. Here you will acquire a broad range of skills, both in corporate strategy and management and in the finance domain. You'll build extensive expert knowledge in corporate valuation, corporate finance and international finance, while gaining the skills necessary to take on responsible management positions. Upon completion of the International Business | Finance program, you will be a confident professional in Financial Management, Financial Statement Analysis, Mergers and Acquisitions, Risk Management, Capital Markets and much more.

Our teaching approach places a strong emphasis on hands-on apprenticeship. During your time as a student, you will benefit from our MBS faculty, all of whom are actively involved in the business world and draw from their extensive experience. Through their direct insight into the business world, their industry knowledge and their knowledge of current research results, they will provide you with the necessary skills to successfully master complex business challenges and make informed decisions in the future.

International Focus

The studies at MBS focus on the international market. A large part of the course content is taught in English and MBS students come from all over the world.

Semester Abroad

Internationality is also expressed through the semester abroad. Students spend the last semester at one of our more than 60 partner universities around the world.

Business Project

Students work on a business project for a real company. In doing so, they apply the theoretical knowledge gained during their studies in practical applications.

If you want to gain even more international experience, there is even the option of adding a second semester abroad and earning two specialized master's degrees within a dual degree in just two years. This will further enhance your international career!

Key Facts

  1. Program Start: September (New from 2024)
  2. Study language: English
  3. Duration Single Degree: 18 months
  4. Duration Dual Degree: 24 months
  5. Format: Full-time study
  6. Scholarship Programs: Up to 4,000 EUR funding
  7. Thesis: In German or English
  8. Degree: Master of Arts (M.A.)

Procedure of the Financial Management Studies at Munich Business School

Here is an exemplary schedule and the modules of a Financial Management Studies based on the Master International Business | Finance at Munich Business School:

Semester 1

3ECTS Corporate Finance I
3ECTS International Finance I
3ECTS Financial Statement Analysis
3ECTS International Service Marketing
3ECTS Business Project I

International Business and Management


International Strategic Management

Organizational Behavior

Conscious Business


  • Learn about the drivers of globalization, related strategic models, and how to apply them in business operations.
  • Study the relationships between individual, organization, and society and reasons for behaviors in organizations.
  • Develop an understanding for alternative business practices compared to traditional profit orientation as the core goal of a business based on the four tenets of Conscious Capitalism as well as best practices in the field of Conscious Business.

International Focus

Choose 1 out of 3

  • Business in Germany
  • Business in Latin America
  • Business in China

Gain insights into business practices and current business topics in the chosen region based on an understanding of the social background as well as the economic and political system in the respective region.


Languages (Optional)

Choose 1 out of 3:

  • Spanish
  • Chinese
  • German

Depending on the level, learn the appropriate grammar and vocabulary skills to advance to the next level of language proficiency.


Communication in International Business


Business Communication

Business Ethics

Negotiation Skills


  • Identify and master the challenges of business communication particularly in an international and intercultural context.
  • Study and discuss topical and controversial business ethics issues as well as the philosophical origins of ethics.
  • Learn how to use effective communication skills as well as manage the human behavior dynamics in the negotiation process.

MBS Engagement

Feel a stronger sense of belonging to the MBS community by actively engaging in a variety of extracurricular offerings.

Semester 2

6ECTS Corporate Finance II
6ECTS International Finance II
3ECTS Business Project II

2 Electives

such as: Mergers and Acquisitions, Capital Markets


International Focus

Choose 1 out of 5:

  • Business in Europe
  • Business in Latin America
  • Business in China
  • Business in USA and Canada
  • Business in Emerging Economies (India, Africa)

Use case studies, business simulations, in-depth reports as well as expert knowledge to understand the complexities of the business environment in the chosen region from a cultural, economic, social, political, and legal perspective.


Languages (Optional)

Choose 1 out of 3:

  • Spanish
  • Chinese
  • German

Depending on the level, learn the appropriate grammar and vocabulary skills to advance to the next level of language proficiency.


Responsible Leadership in a Global Context


Responsible Leadership

Business & Society

Master Thesis Preparation


  • Learn how to lead and manage people in business in a responsible way, including how to motivate and support people depending on the given circumstances, personality, and culture.
  • Get familiar with the origin and development of different cultural core beliefs, value systems and how they define business practices from a top management perspective.
  • Learn how to collect, evaluate, assess and present the state of the art in the academic discipline regarding a specific research question.

MBS Engagement

Feel a stronger sense of belonging to the MBS community by actively engaging in a variety of extracurricular offerings.

Semester 3


Semester Abroad

Students on the Master’s in International Business | Finance Track spend their third semester abroad at one of our numerous MBS partner universities. You will gain extensive international experience and develop your intercultural skills.


Master Thesis

Last but not least: writing your Master Thesis

What does the job description of a Finance Manager look like?

The job description of a Finance Manager includes responsibility for the financial health of a company or organization. Finance Managers are responsible for planning, controlling and monitoring finances. Their responsibilities include budgeting, investment analysis, liquidity management, risk assessment, financial reporting, and developing financial strategies. They work closely with other departments to make financial decisions that support the long-term goals and success of the company. Finance Managers must have a deep understanding of financial markets, taxes, and legal regulations and adhere to ethical standards in their financial decisions.

What are the tasks of
a Finance Manager ?

Tasks of a Finance Manager Description.
Budgeting and Planning Preparation of financial budgets and long-term financial plans for companies or departments.
Financial Reporting Preparation of financial reports, including balance sheets, income statements, and cash flows.
Liquidity management Ensuring sufficient liquidity to meet ongoing business activities and obligations.
Investment Analysis Evaluating investment opportunities to make informed capital allocation decisions.
Risk management Identifying and assessing financial risks and developing strategies to minimize risks.
Capital Raising Raising capital through borrowing, issuing stock, or other financing methods.
Financial Strategy Development Developing and implementing financial strategies to support business objectives.
Tax planning and compliance Tax planning and ensuring tax compliance.
Business Valuation Valuing businesses or assets for mergers, acquisitions or valuation purposes.
Internal financial management Overseeing internal financial processes and ensuring compliance with financial policies.
Customer or Investor Relations Communicating with customers, investors and analysts to provide information on financial performance.
Financial Advisory Advising companies or individuals on financial decisions and strategies.

The duties of a Finance Manager vary depending on company size, industry and position. In larger companies, a Finance Manager may have specialized responsibilities, while in smaller companies the role may be broader.

Financial Management Professions

A Financial Management Studies degree opens up a wide range of career opportunities in a variety of industries. Here are some of the most common career paths that graduates with a degree in Financial Management can pursue:

Portfolio Manager:

Portfolio managers manage investment portfolios to maximize returns for clients or companies. They invest in stocks, bonds and other securities.

Financial Advisor:

Financial advisors provide individualized financial advice and planning for individuals and families. They help with budgeting, retirement planning and wealth management.

Corporate Finance Manager:

These managers are responsible for the Financial Management of a company. They prepare budgets, monitor financial performance and make strategic financial decisions.

Research and Teaching:

Some graduates choose to pursue careers in research or teaching and work as faculty or researchers in academic institutions.


Some graduates start their own financial advisory or investment firms and work as independent consultants or entrepreneurs.

Financial Reporting:

Media companies and financial publications may employ graduates in financial journalism and reporting.

This list is not exhaustive, as the financial industry is diverse and new career opportunities are constantly emerging. Choosing the right career path depends on your personal interests, skills and professional goals. However, a Financial Management Studies program provides a solid foundation for entering the world of finance and business management.

3 Examples of your Career Opportunities after Financial Management Studies

Financial Analyst:


Financial analysts are experts at gathering and analyzing financial data to make investment decisions. They evaluate the financial health of companies, analyze business models, and study balance sheets and income statements to help investors or companies make informed decisions. Financial analysts can work in a variety of fields, including investment banking, asset management, or corporate finance.



Portfolio managers are responsible for managing investment portfolios, whether for individual clients or institutional investors. They select investments to diversify the portfolio and maximize returns, while also keeping an eye on risk. Portfolio managers must stay abreast of current market trends and developments and make decisions to meet their clients' investment objectives.

Financial Management Salary

Salaries after Financial Management Studies can vary widely depending on several factors, including the country you work in, your experience, the industry you work in, and the position you hold. Here are some rough estimates for typical starting salaries in different countries:

Sample salaries from different countries

It is important to note that the following figures are averages and that the actual salary depends on many factors. Salary prospects can improve significantly with increased professional experience and further training. Financial Management executives and specialists can often earn six-figure or even seven-figure salaries.

In addition, bonuses, performance awards and other benefits can have a significant impact on overall salary, especially in the financial industry. It is advisable to research salary structures in your chosen industry and region to have realistic salary expectations.


In Germany, the starting salary for graduates of Financial Management Studies can range from €40,000 to €60,000 per year, depending on the region and industry. In large cities like Frankfurt, where Germany's financial center is located, salaries can tend to be higher.


In the U.S., starting salaries for Finance Managers and Analysts can average between $50,000 and $80,000 per year. In financial centers like New York City, salaries are often higher, but the cost of living is also corresponding.


In the UK, Financial Management Studies graduates can expect starting salaries of around £30,000 to £50,000 per year. Salaries can be higher in London.


In Canada, the starting salary for Finance Managers and Analysts is typically between $45,000 and $70,000 Canadian per year.


In Australia, starting salaries for Financial Management graduates can range from 50,000 to 80,000 Australian dollars per year.

Financial Management Simply Presented

This chart shows roughly what is involved in Financial Management.


How long does a Financial Management Studies program take?

A Financial Management Studies program typically takes three to four years to complete for a Bachelor's degree. If you opt for a master's degree, an additional one to two years will be added, depending on the specific program length and your individual course of study.

At Munich Business School, you can study Financial Management in the Bachelor International Business with a focus on International Finance. After 3 years you will graduate. In the Master's program, you can choose our new Master's program International Business | Finance, which will start in 2024. The duration of this program is 1.5 years.

What do you do in Financial Management Studies?

In Financial Management Studies, one acquires knowledge and skills to manage financial aspects in businesses and organizations. This includes topics such as budgeting, investment analysis, risk management, financial reporting and strategy development. You'll learn how to make smart financial decisions and manage business challenges. Read more in the text above.

What can you do after Financial Management Studies?

After completing a Financial Management Studies degree, there are numerous career opportunities open to you. You can work as a financial analyst, portfolio manager, corporate financial manager, tax advisor, risk manager, or in other financial professions. You can also work in a variety of industries, including banking, consulting, investment, insurance and more. Your career opportunities are varied and depend on your interests and skills. Read more about career opportunities above.

What can you do with Financial Management Studies?

With a Bachelor's degree in Financial Management, you can, for example, pursue a Master's degree to further deepen your financial knowledge. The new Master's degree in International Business | Finance at Munich Business School is ideal for this purpose.

You can also start your career directly after a Bachelor's Program as well as after a Master's Program. In addition, your financial knowledge can be useful in your private life. Budgeting, saving and financing options play a major role in many areas of life and events, such as weddings, buying real estate or securing a pension.

Enthusiastic? Request information material now!

More exciting study programs in Munich

International Business
International Business
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All Masterprograms
International Business | Finance
International Business | Finance
General Management
General Management

Looking to find out more?

Studienberater MBS: Uttamdeep Kaur, B.A.
PAGE-TITLE: Financial Management Studies