Money and Finance

Study mode:On campus Study type:Full-time Languages: English
Deadline: May 1, 2024
StudyQA ranking:4568 Duration:2 years
The Master's programme in Money and Finance (MMF) is an innovative joint venture of the Department of Money and Macroeconomics and the Department of Finance, both located in the new House of Finance on Campus Westend. The programme offers promising students from all over the world an intellectually stimulating and challenging setting in which to prepare for their professional careers in central banking, commercial banking, insurance, and other financial services. By being located in Frankfurt, one of the world's leading financial centres and the only city in the world with two central banks (the ECB and the German Bundesbank), it offers unique opportunities for interaction with practitioners.

Educational organisation

In the first semester, the emphasis is on core courses in microeconomics, macroeconomics, econometrics, and finance. In the second and third semester, students select courses from a set of applied courses and seminars. The fourth semester is dedicated to writing a Master's thesis.

Study abroad unit(s)

Study abroad units are not compulsory. Students who are interested in a semester abroad should choose the third semester for this purpose. Students can spend a semester abroad at our partner universities in Europe or Asia. For more information contact the Faculty of Economics and Business Administration's own International Office, or visit the MMF website for news of the MMF partner universities.

Forms of assessment

Credit point system

Course objectives

The programme offers promising students from all over the world an intellectually stimulating and challenging setting in which to prepare for their professional careers in central banking, commercial banking, insurance, and other financial services.
It has been designed with a view to establishing itself as a leading Master's programme integrating studies in monetary economics, macroeconomics and finance, and a major gateway to high-profile jobs in the banking and financial sector.

Language requirements

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 of at least 100 points (iBT) or 600 points (PBT)
The TOEFL institution code for for the Master in Money and Finance is "4258".
  • IELTS with an overall band of at least 7.0.

Academic requirements

MMF applicants should hold, or expect to hold by the time of enrolment, a Bachelor's degree or equivalent in the area of economics, finance, or in some related field.
At the time of application, all applicants need to have a valid GRE or GMAT test report.
To receive up-to-date information about admission requirements, please visit our website. All other requirements are shown here: http://www.wiwi.uni-frankfurt.de/de/abteilungen/ei/mmf/application-and-admission/admission-and-requirements.html

Enrolment fees

Goethe University charges an administrative fee of approx. 360 EUR per semester (less than 730 EUR per year). This includes a ticket for public transport. The "magic ticket" entitles you to use buses, trams, and the underground in Frankfurt and the surrounding area. You can even use the regional trains to travel to various other cities in Hesse, e.g. Marburg or Giessen.

Costs of living

The cost of living in Frankfurt depends on personal requirements and lifestyle. However, students should expect minimum expenses of approx. 940 EUR per month. This calculation is based on the following items: 800 EUR for rent, food, clothing, and study materials, around 81 EUR for compulsory but almost comprehensive health insurance, and approx. 59 EUR for the administrative fee (including free public transport).

Job opportunities

In Frankfurt, 44,000 companies and organisations have approx. 464,000 employees on their payrolls. In addition, Frankfurt is the financial centre of Germany, with 350 banks, including the European Central Bank, 150 foreign banks, and the fourth-largest stock exchange in the world. Furthermore, Frankfurt is home to various cultural and research institutions. These are key players in a flourishing economy, offering students and graduates interesting jobs and internships. During your studies, there are plenty of job opportunities either at Goethe University itself (e.g. as a tutor or research assistant) or you may look for jobs and internships elsewhere in the greater Frankfurt area. Job opportunities are particularly interesting for students from abroad, e.g. at the airport and the trade fair. The "Studentenwerk" as well as the Career Services at Goethe University can help you to find a suitable offer. After you graduate, it is comparatively easy to find a job in the greater Frankfurt area, since it is one of the strongest employment regions in Germany. Furthermore, due to new laws, students from non-EU countries may also receive a work permit after graduation.

Arrival support

Internationaler Studientreff (IST)
A project for international and German students. Consultation hours, "get-together", international bar evenings, excursions in and around Frankfurt, and a buddy programme!
Check the website for more information:
http://www.uni-frankfurt.de/IST

Erasmus Student Network (ESN)
The ESN is also present in Frankfurt and helps international students to get accustomed to life in Frankfurt and Germany. They also organise several "get-together" events like parties, pub crawls, quiz nights, and many more.
Check the website for more Information:
http://unifrankfurt.esngermany.org/

International "Stammtisch"
Each semester, an international "Stammtisch" (a regular group meeting, usually at a bar or restaurant) will be offered to ERASMUS/DAAD/SOCRATES scholars and German students planning to go or returning from abroad. In a pleasant atmosphere, students can exchange experiences and tips on studying abroad, dealing with student life in Frankfurt, and making new friends.

Services and support for international students

The International Office of Goethe University offers a comprehensive range of advice and services on issues of visa/immigration, financing your studies, social life, and personal matters.
See: http://www.uni-frankfurt.de/38294574?

At the International Study Center (ISZ) at Goethe University, ongoing German language support is available. ISZ offers several options to improve your language proficiency, such as a tandem project (language exchange, e.g. Spanish-German), German language courses (preparatory and continuous), and language training during your academic programme.
Check the website for more information:
http://www.uni-frankfurt.de/43662305

The student union ("AStA", http://asta-frankfurt.de/) provides advice and entertainment. Faith-based organisations offer opportunities for worship and intercultural exchange.
See: http://www.esg-frankfurt.de/
See: http://www.khg-frankfurt.de/

Accommodation

Frankfurt am Main offers a wide variety of accommodation, from university dorms to privately rented apartments. The biggest providers of dorms are the "Studentenwerk" (student services, http://www.studentenwerkfrankfurt.de) and churches.
The 19 dormitories offer more than 1,700 different accommodation units starting from 120 EUR per month for a single room to up to 450 EUR for a family apartment of 45m².
For further information, see: http://www.studentenwerkfrankfurt.de/en/consulting-service/international-students/accommodation/.
We strongly recommend that students contact such organisations as soon as they receive their letter of acceptance to the programme, as these rooms are in high demand.
Similar programs:
Study mode:On campus Languages: English
Local:$ 16.2 k / Year(s) Foreign:$ 16.2 k / Year(s)
StudyQA ranking: 9638