Fewer than 6% of business schools worldwide hold this seal.
Understand how value is created, how investments are assessed and how financial decisions shape the future of companies. At Munich Business School, you combine finance expertise with strategy, communication and responsible leadership – right in the heart of Munich.
Finance for people who want to make decisions, not just crunch numbers.
You want to understand why one company is worth more than another, when an investment pays off and how risks can be hedged. In the Master in Finance, you learn to build financial analyses, challenge them and turn them into decisions you can defend in front of management and investors. Ideally, you hold a bachelor's degree in business, economics or a related field on which you build your finance profile.
No business degree yet? No problem – you can qualify through our compact online Pre-Master.
You studied business or economics and want to specialize in finance.
You want to value companies and assess investments with confidence.
You want to truly understand global markets, regulation and financial risk.
You want finance to consider returns and impact together.
You want to study in English, in Munich, with a semester abroad.
A finance master's with a business core: you learn to make financial decisions, justify them and take responsibility for them.
Finance at MBS means learning the methods companies, banks and investors work with – and learning to interpret their results correctly. A valuation is only as good as your understanding of its assumptions, its risks and what it means for the decision at hand. That's why you work with real company figures, case studies and your own company valuation from day one. In the Finance Project, you solve a real-world problem as a team. And in the MBS Core, you learn to communicate, negotiate and make financial decisions responsibly.
The quality of teaching and the training of sought-after specialists and managers are at the heart of Munich Business School. By studying at MBS, you are making an investment in your future. You can conveniently pay your tuition fees in three semester installments or 18 monthly installments.
Early Bird Special - Deadlines
Spring Intake: 15 October – € 1,000 discount
Fall Intake: 15 February – € 1,000 discount
Discover our scholarships and 100% study financing with Brain Capital. You can find all the information you need under Scholarships and Study Financing.
The Master in Finance equips you with skills for corporate finance, investment analysis and valuation, risk management, financial advisory, banking, private capital and financial innovation. Which path you take depends on your experience, your electives and your interests. The Career Center supports you along the way.
Over two semesters, you work in a small team on a real finance challenge – for a start-up, a bank, an investment firm or the finance department of an established company. An MBS professor supports you throughout. You plan the project, collect and analyze data and develop recommendations your project partner can actually use. Where it makes sense, you also use AI and critically review what it delivers.
The Finance Project is also your gateway to Munich's finance and business world: it connects your studies with organizations, decision-makers and contacts that matter beyond the lecture hall.
Finance knowledge only makes an impact when you connect it with strategy, people and responsibility. That's why a solid core of management and executive skills is part of your master's.
In your second semester, you set your own priorities: you choose two of five finance electives and dive deeper into the areas that match your strengths and career goals.
Whether you want to value private equity deals, analyze financial data with Python, understand banks from the inside, prepare consolidated financial statements or pursue your own research question – your choice sharpens your profile for your career after the master's. The program team will confirm which modules are offered in your semester before course selection.
How do investors find the right companies – and how do they create value from them? You go through the full investment cycle: screening, due diligence, valuation, deal structuring and financing, all the way to value creation and exit. Real-world cases from the industry show how professionals make decisions.
This is where it gets quantitative: you work with statistics, hypothesis testing and regression, build factor models such as Fama-French and simulate scenarios with Monte Carlo. You use Excel and Python in Jupyter – the Python basics are introduced in the course.
Take a look behind the scenes of a bank: how does it manage capital, funding and liquidity, how does it measure risk, and what does regulation require? You also explore how digitalization and ESG are changing banks' business models.
How do many entities become one set of group accounts? You learn to account for business combinations, goodwill and non-controlling interests, translate foreign currencies and post consolidation entries.
Want to get to the bottom of a question? In the Independent Research Project, you develop your own research question, review the literature, choose a suitable method and write an academic paper. Ideal preparation for your master's thesis.
AI is changing how financial information is reviewed and decisions are prepared. In your studies, you use it, question it and check its figures against reliable sources – because the conclusion remains yours.
AI summarizes annual reports, pre-screens takeover candidates and gathers data for valuations. In the Master in Finance, you see how this works in financial statement analysis and the M&A process, and you use AI yourself to research your own company valuation. But you also learn where it gets things wrong: you check its figures against reliable sources, question its assumptions and use it to reconstruct how one of the most spectacular bank collapses in history happened. In the end, your judgment counts, not the prompt.
Where you will encounter AI in the curriculum:
From a company's balance sheet to global financial markets.
You start with a company's numbers: how does it finance its growth, how does it allocate capital, and what do its financial statements reveal about its position? On this foundation, you build your valuation skills. Using DCF, multiples, CAPM and portfolio theory, you assess the value of companies and investments and ultimately derive your own investment recommendation.
In your second semester, you broaden your perspective: you analyze exchange rates, capital flows and regulation and learn how companies measure and hedge market, credit and liquidity risks. You also assess sustainable financial products and impact investments and take a critical look at tokenization, DeFi and AI. Strategy, ethics and leadership in the MBS Core ensure that you turn your analyses into decisions you can stand behind.
You have the opportunity to apply for our exclusive mentoring program. Within the framework of this program, a professionally experienced person from the circle of MBS alumni will support you with words and deeds during the hot phase of your studies, help you to achieve your career goals and provide you with valuable contacts through their network. At the beginning of your studies, you will receive more information about our mentoring program and can apply for one of the limited places.
Where the financial sector meets the real economy.
Munich is home to major insurers and reinsurers, banks, investment firms, tech companies and corporate headquarters, including seven DAX-listed companies. In 2025, Munich start-ups raised around €2.7 billion in venture capital – more than those in Berlin. So you see first-hand how capital, entrepreneurship and technology work together, from risk management to growth financing.
And your degree remains truly international.
Finance is fun. That's what Prof. Dr. Johannes Hofinger believes – and he means it. As Academic Director of the Master in Finance, he has one goal: to spark the same enthusiasm for finance in you that drives him. From decentralized finance to sustainable finance, from investment banking to consulting. In the video, he shares what awaits you in the program and why he is convinced that finance is more than just a job.
Small classes, professors with real-world industry experience, and a finance project with EY where she presented her findings directly to the client. In the video, she explains why it’s “not just textbooks” that matter here, but real deals.
In two semesters in Munich, you build your finance foundation and combine it with the MBS Core. In your third semester, you go abroad to one of our partner universities or complete an internship – and write your master's thesis.
A central component of the program is the semester abroad at one of more than 70 partner universities worldwide at Munich Business School – in Europe or on another continent. Whether in France, the United States, China, Australia, or Mexico, the stay abroad is an unforgettable experience for many students, allowing them to gain international experience, form lifelong friendships, and collect valuable academic and personal impressions. The International Center of Munich Business School provides comprehensive guidance and support in choosing the right partner university and with all organizational matters.
More than half of the students at MBS come from abroad, giving the courses an international flair. Through interaction with your international classmates, you’ll develop a deep understanding of different cultures and learn about culture-specific ways of thinking and working that will enrich your academic experience. Joint activities outside the classroom will also help you expand your international network and forge valuable connections and friendships.
With the dual degree option, you acquire an additional, specialized Master's degree from one of our partner universities. Munich Business School's cooperation with renowned international universities gives you the opportunity to acquire two different master's degrees within two years. The dual degree is only available in the fall start. For a dual degree, you will normally spend two semesters at MBS and then two semesters at the partner university, followed by the Master's thesis.
To be eligible for the Master’s in Finance program, you must meet academic, language, and, if applicable, professional admission requirements. You can submit your application materials at any time. However, since the number of spots is limited, we recommend that you apply early for your preferred start date.
The main requirement for admission to the Master study program is a successful Bachelor's degree (180 ECTS or more). Applicants with a degree in Business Studies/Management/Economics are entitled to apply for the program directly, applicants without a degree in economics can qualify for the program by completing the Pre Master Program. Upon request, we will gladly verify your documents in advance. Please contact your Program Advisor.
Applicants must proof their English language skills by passing one of the following language tests:
Note: If the test is also used to apply for a visa, please check the requirements of the respective embassy in advance.
Test results can only be accepted if achieved within the last two years. If you are unable to obtain your test results before handing in your MBS application, please inform us about your planned test date.
The English proficiency test can be waived by the following candidates:
We accept applications all year round. However, we recommend that you apply as early as possible, as the number of places is limited.
Spring semester (Master International Business only)
Applicants from Vietnam, China and India should allow an extra month to apply for the relevant visas.
Winter semester
Applicants from Vietnam, China and India should allow an extra month to apply for the relevant visas.
When submitting your online application, please provide the following mandatory documents:
You may also upload the following additional documents:
*Please provide the original documents or certified copies when you gain admission and matriculate to the program.
Qualified applicants will be invited for a personal interview on site in Munich or online via Microsoft Teams (approx. 30 - 45 minutes). The interview may include the processing of a case study.
As soon as you are an admitted student, you have the opportunity to get to know MBS even better – before making your final decision whether to join Munich Business School.
Our study advisors will of course be available for all kinds of potential questions and personal consultations.
Once you have successfully completed the application process, Munich Business School will provide you with an acceptance letter as well as two copies of your study contract. Please sign one copy and return it within two weeks to secure your spot in the program. The other copy needs to be kept for your own records.
The acceptance to the study program requires an enrollment fee of 690 Euro (EU/EFTA) respectively 1,490 Euro (non-EU) and a down pyment of 1.990 Euro due upon signing the study contract. The down payment will be deducted from your first tuition fee installment.
Non-EU nationals are required to apply for a student visa in order to start their studies in Germany.
To obtain a visa invitation letter from Munich Business School, please take the following steps:
Please download the Visa Guide relevant to your country for detailed instructions:
If you completed your Bachelor's degree in China, India, or Vietnam, you must obtain an APS certificate before applying for your German student visa. The APS certificate confirms the authenticity of your academic documents and is issued by the respective APS office in your country:
Indian nationals with a Bachelor's degree in Engineering, Commerce/Accounting/Finance/Economics, or Business/Management are additionally required to submit a dMAT certificate as part of their APS documentation. The dMAT is administered separately by g.a.s.t. The APS certificate can only be issued once the dMAT result has been submitted, so please register as early as possible.
Munich Business School offers attractive scholarship programs amount up to EUR 4,000 of the overall tuition fee. (Up to EUR 2,000 on the 1st and 2nd master's semester).
If you wish to apply for a scholarship, you should include an application when you submit your overall application. You can find further information on our scholarships and financing page.
18 months full-time, or 24 months with a Dual Degree. You spend two semesters in Munich; in your third semester, you go abroad or complete an internship and write your master's thesis.
A finance master's with core modules in corporate finance, valuation, investments, global finance, risk and financial innovation. On top of that comes the MBS Core with strategy, communication, ethics and leadership.
In the core modules: DCF, multiples, CAPM, portfolio theory, bond valuation and risk management. The Quantitative Business Methods elective adds regression, simulation and Python.
Several finance modules use AI in financial and M&A analysis, in valuation research and in a risk case study. You learn to check results and justify your own conclusions.
Yes, under certain conditions. If you have studied or worked outside the German-speaking region for at least one year, you can apply to replace the semester abroad with a subject-related internship in the German-speaking region. Once approved, you complete a 15-week full-time internship worth 15 ECTS in your third semester.
No. The program team confirms which electives, languages and study-abroad options are available before course selection.
The Master in Finance comprises 90 ECTS over three semesters. It is aimed at applicants with a bachelor's degree of at least 180 ECTS. With a degree in business, economics or management, you can apply directly. Without a business background, you can qualify through our compact online Pre-Master. Our study advisors are happy to review your documents in advance.
That depends on your profile, your industry and your entry point, not on the degree alone. The Master in Finance strengthens exactly the skills in demand in corporate finance, valuation, risk management and banking, and complements them with management and leadership. Through the Finance Project, the semester abroad and the mentoring program, you also build your network early on. The Career Center supports you with salary questions.
Frankfurt is Germany's hub for banking and financial supervision. Munich offers a different strength: it brings together major insurers and reinsurers, banks, private capital, tech companies and corporate headquarters, including seven DAX-listed companies. In 2025, Munich start-ups raised around €2.7 billion in venture capital. So you experience finance not just in banks, but wherever companies invest, grow and manage risk.
At MBS, you combine finance with management, communication and leadership and learn from real cases, for example in the Finance Project with a corporate partner. The program is taught entirely in English and has an international focus, with a semester abroad at one of 70+ partner universities. MBS is state-recognized and AACSB-accredited – a seal held by fewer than 6% of business schools worldwide.
No. The Master in Finance is not a programming or quant degree. If you want to go deeper into quantitative methods, you can choose the Quantitative Business Methods for Finance elective, where you work with Excel and Python – the Python basics are introduced in the course.
As the program is taught entirely in English, you need to prove your English proficiency, for example with a TOEFL iBT score of 85 or higher, IELTS Academic 6.5 or Duolingo 115. If you completed your schooling or your bachelor's degree in English, you don't need to take a test.
Our fully equipped apartments offer everything you need to focus entirely on your studies: modern design, comfort, and premium extras.
You don’t have to worry about annoying things like a washing machine, electricity, heating, or Wi-Fi. We have already taken care of everything for you.
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Elsenheimerstraße 61
80687 München Germany
