Financial Management

Key Facts

Department

Degree

Master of Business Administration (MBA)
Master of International Business from UniSC Australia (MIntBus) [Double Degree]

Program Form

Full-time, consecutive Master’s degree

Program Structure

4 terms (22 months), 120 ECTS

Language of Instruction

English

Program Start

summer term (March 15th),
winter term (October 1st)

Admission Requirements

Bachelor’s degree (or higher) and at least 2 years work experience

Accreditation

accredited by the FIBAA and German Accreditation Council until 2030

Tuition Fees

3450 € per term

Application

Deadline: January 31st (Summer Term)
Deadline: August 15th (Winter Term)

Profile

Our target group are young professionals with proven intellectual vitality and leadership potential.

This makes our MBA unique:

  • Specialized MBA with highly international student group
  • Integration into German job market via 20-week Internship
  • Excellent learning environment (1:6 Instructor/Student-ratio)
  • Syllabus inclusion of A2 German language Goethe certificate
  • Bloomberg Lab and Certification
  • Low tuition fees and extraordinary services and support
  • MBA program Financial Management with the FIBAA premium seal


It is the only English-taught international full-time MBA program in Germany with a dedicated focus on finance. From 2023, the program offers an optional Dual Degree from UniSc Australia – without prolonging your studies! Applications are welcomed from graduates from all disciplines with 2 years relevant work experience.

If you are interested in general management and finance, have an entrepreneurial spirit, are globally-minded and ambitious, our MBA program Financial Management could be just right for you. Our internationally accredited MBA program is designed to promote the knowledge and skills of graduate students seeking leadership responsibilities in the area of Financial Management and to enhance their social, methodological and IT-management competencies.

How did other students experience studying Financial Management at Coburg University? See their ratings on StudyCHECK.

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Class Profile

Financial Management students have an international outlook and are driven by determination, resilience and creativity. Currently, around 60 post-graduate students from 27 countries are enrolled. The program is internationally-oriented and especially geared to the requirements of international students. For German students, the MBA in Financial Management presents a unique opportunity to profit from a friendly, cross-cultural, international learning environment.

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Job Perspectives

The vast majority of graduates remain in Germany after completing their studies in Coburg. Often they are employed by international corporations. Generally, graduates find it easy to procure a professional position in their areas of choice, primarily: Finance and Banking, Management Accounting, Treasury, Business Strategy, Consulting. Initial assignments typically are: Finance Director, Financial Controller, Corporate Treasurer, Financial Analyst, SAP Consultant, FX Manager or Risk Analyst. Recently our graduates have successfully launched their post-MBA careers at companies such as adidas, Allianz, Bosch, BMW, Brose, Commerzbank, Continental, Daimler, Deutsche Bank, Deutsche Börse, Deutsche Bundesbank, E.ON, Henkel, Knorr-Bremse, KPMG, Linde, Metro, Opel, Schaeffler, SAP, Siemens and Volkswagen.

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Testimonials

“The MBA provided us with a wide range of skills, taught us not only theory but strategic and management skills.”
Anastasia Dalatsi / Greece / Financial Statement Assurance Services, Ernst & Young

“The MBA Financial Management at Coburg University helped me to shape my career in finance. Diversity of the program is something which makes it really special and the support from the administration was simply amazing.”
Narayan Bhusal / Nepal / Treasury Manager, Hillenbrand Inc. (USA)

“The study in Coburg gave me a further knowledge extension in Finance area, which is very practical and useful in the later working environment. The study offered the opportunity of an internship, which opened the door for me to work in a reputable German Company. The colleagues and professors I met in our program were also very nice and warm-hearted. In addition I was very impressed by the strong and organized administrative support we received as a student.”
Min Chen / China / Senior Manager Treasury, German Automotive Company

“The applied or practical nature of the program was key to my personal development. It spanned from University professors with rich practical backgrounds, to guest lecturers who were senior-level experts or managers in the industry or the trips to different firms.”
Miryusup Abdullaev / Uzbekistan / Head of Operations, Deutsche Börse Cash Markets

“For an individual seeking a career in the finance industry, I would highly recommend the MBA program Financial Management, because of the modules offered and its practical focus. Good academic performance from the MBA Program allowed me to find a job upon finishing my studies and start a career in finance.”
Ivan Bokic / Montenegro / Senior Consultant for DACH region, FactSet GmbH

“Studying the MBA Financial Management in Coburg provided me with international knowledge and experiences, also let me get to know people not only from Germany but also all over the world.”
Grace Dong / China / Tax Manager, Eberspaecher Exhaust Technology Shanghai

“The program gave me the perfect head start I needed to start my career – it took me out of my comfort zone and brought out a version of me I never knew existed.”
Saud Bin Naumann / Pakistan / Expert Finance, Allianz S.E.

“The MBA program in Financial Management gave me a comprehensive insight in the finance world and helped me finding my place there.”
Anna-Lena Stöpler / Germany / Project Manager, Siemens

“Guest lectures from experts in the field, proximity of international world leading German companies and inclusion of a practical semester ensure an up-to-date relevant curriculum. Financial Management remains a very dynamic field, which requires continuous and practical education.”
Catalin Petcu / Romania / Director Corporate Banking, SMBC

“The two year study was extremely helpful for my carrier growth. What I studied in the program applied in my daily work in the past 13 years. As well as the social and diversity of the program helped me to be more adaptable in my life. It was a great two-year experience providing a life long benefit.”
Sun Bingqing / China / Greater China Commercial Contract Director at Kantar, WPP

“The MBA FM program prepared me for Finance and Academic career. I really enjoyed diversity on campus and teaching quality is excellent.”
Prof. Dr. Muhammad Ashfaq / Pakistan / Academic Researcher, IU International University of Applied Sciences

Program Contents

During your studies you will build your foundation in general and financial management. Electives allow you to specialise in areas of particular interest and thereby to develop expertise with your career ambitions in mind.

Integrated German language classes allow you to exploit the most attractive opportunities for your internship. After the practical semester you will be well equipped to combine your theoretical and practical knowledge in your master thesis.

Base Modules of Financial Management

  • Human Resource Management and Organisation
  • Financial Management Accounting
  • International Tax and Legal Systems
  • Intercultural Management and Ethics
  • Business Strategy and International Marketing
  • Information and Communication Systems

Program Structure

Core Modules of Financial Management

  • International Economics
  • Corporate Finance
  • Financial Markets and Institutions
  • Treasury Management
  • Risk Management

German Language Courses

German language classes are offered at various levels of proficiency and are free of charge to enrolled students of the MBA program Financial Management. Our introductory courses are integrated into the curriculum and do not require any previous German language skills.

Students complete a placement test for German and / or provide a relevant language certificate. The compulsory language module German Intensive Course I concludes with the German exam Goethe-Zertifikat A1, the German compulsory module German Intensive Course II concludes with the German exam Goethe-Zertifikat A2 of the Common European Framework of Reference (CEFR).

Electives

  • Applied Risk Management
  • Business Psychology and Negotiation
  • Current Topics in International Finance
  • Digital Transformation & Innovative Finance
  • Econometrics
  • European History and Culture
  • Finance and Quantitative Modelling
  • Financial Derivatives
  • Financial Planning and Analysis (FP&A)
  • Islamic Finance & Banking
  • Issues in Political Science
  • Mergers and Acquisitions (M&As)
  • Operations Management
  • Risk and Insurance Management
  • SAP-FI
  • Selected Topics in Corporate Finance

Practical Semester

We believe that academic education at Coburg University is not limited to a classroom environment, but also happens off campus. Hence, we expose and connect our students to the real world on a variety of levels.

For this objective, our MBA students participate in:

  • a 20-week internship at a German company
  • firm outings and cultural study trips linked to specific coursework, giving them the opportunity to visit a number of iconic cities and experience German culture and history
  • an academic excursion led by staff and faculty, in which we explore the business, political and cultural facets of large German cities or the capital cities of our neighbours

The internship, field trips and academic excursion bridge theory and practice. They form an integral part of the curriculum. We consider these activities key to enhance students’ networking abilities and stimulate their integration in Germany, whilst facilitating contact with future employers. Invariably they are memorable experiences.

Master Thesis

In the last semester students focus on the master’s thesis. Many students choose to conduct research on an innovative theme in one of their courses, while others prefer a topic relating to their tasks at their internship.

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Admission

Admission Requirements

Applicants to the Coburg MBA must have these requirements:

  • a 3-year Bachelor’s degree (or equivalent) preferably in the field of Business Administration, Commerce or Economics (min. grade of 2,5 on the German scale or a 2.5 GPA on a four-point scale). A Graduate Management Admission Test (GMAT) or Graduate Record Examination (GRE) test is recommended for graduates from other academic disciplines such as engineering, medicine, natural sciences or the humanities.
  • at last two years of work experience The MBA Program is designed for students who have full-time work experience before matriculation. Work experience includes opportunities in which students have been able to develop their professional and leadership skills. Applicants with a non-business degree must have at least 1 year practical experience (out of a minimum of 2 years) in the field of commerce.
  • Proficiency in English – Applicants must demonstrate their command of English by submitting the results of one of the following tests: TOEFL, IELTS or PTE test results if you attended a non-English undergraduate program.The following are the required minimum scores:
    • Test of English as a Foreign Language (TOEFL):
      • PB TOEFL 550
      • IB TOEFL 80
    • International English Language Testing System (IELTS):
      • 6,5 or UNIcert® II
    • Pearson PTE Academic
      • PTE Academic Score 53

The required documents include

  • a passport or ID photograph
  • a scanned copy of all relevant diplomas, certificates and transcripts of records
  • the TOEFL, IELTS or PTE test results
  • a scanned copy of your passport

Acceptance and Confirmation

Kindly complete the online application, upload all required documents and send it to us online.

Recommended procedure

Our admissions process entails the following recommended procedure:

  1. After uploading the required documents for evaluation to www.uni-assist.de, the first step is to submit an online application which includes assembling a variety of materials that will help us assess your qualifications and work experience.
  2. Thereupon you may be invited to participate in an initial selection interview. The selection interview typically takes 15 minutes and is designed to evaluate your suitability, motivation and qualification. The interview may be conducted digitally via Zoom.
  3. Finally – after completion of steps 1 and 2 – the program director may invite you to a final interview, also conducted via Zoom.

All successful applicants are requested to take note of the Joining Instructions.

Note: After arrival in Germany, applicants must present their original certificates and documents (no copies) to confirm their enrolment in the MBA program.

Tuition Fees & Scholarship

Tuition fees for the four term program currently comprise 13,800 € in total (3,450 € per Term). In addition, students are required to pay an enrollment fee of around 130 € every term.

Coburg University does not offer scholarships for MBA students, but there are many organizations in Germany which provide scholarships for students from abroad. More information can be found here: Scholarships

Lecturers

Lecturers of Coburg University

Guest Lecturers

  • Prof. Dr. Muhammad Ashfaq, IU International University of Applied Sciences, Germany
    Digital Transformation and Innovative Finance (DTIF)
  • Hannelore Bänsch, Hanne Bänsch Consulting and Coaching, Germany
    Human Resources, People Management
  • Prof. Randall Bolten, Lucidity, USA
    Financial Planning and Analysis (FP&A)
  • Dr. Sadrita Deb, Bharathidasan Institute of Management, BHEL, Tiruchirappalli
    Investment Valuation
  • Joachim Fuchs, Deutsche Bank Privat- und Geschäftskunden AG, Germany
    Risk Management
  • Dr. Apostolos Gerontas, Department of Applied Sciences
    Intercultural Management and Ethics
  • Dr. Christoph Götz, Rödl GmbH, Germany International
    Tax and Legal Systems
  • Prof. Dr. Jürgen Kähler, FAU Erlangen, Germany Corporate Finance, Econometrics, Financial Derivatives
  • Philipp Meier, University of Bayreuth, Germany
    International Economics
  • Philipp Morscheck, DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Germany
    Corporate Finance
  • Leandro Navarro, University of Bayreuth, Germany
    International Economics
  • Ralf Otto, ROI GmbH, Germany, Financial and Management Accounting
  • Dr. Marcel Röser, University of Hohenheim, Germany
    Financial and Management Accounting
  • Dr. V.P. Sriraman, Bharathidasan Institute of Management, BHEL, Tiruchirappalli
    Investment Valuation
  • Wolfgang Strobel, Hauck & Aufhäuser, Germany
    Mergers and Acquisitions (M&A)
  • Prof. Dr. Jeffrey M. Thompson, University of Valley Forge, USA
    International Tax and Legal Systems
  • Prof. Dr. Raymond Vines, Consultant/ Instructor/ Trainer (self-employed), USA
    Treasury Management
  • Prof. Dr. Wolfgang Weiss, Allen & Overy LLP, Germany International Tax and Legal Systems
  • Prof. Dr. Reinhard Zintl, University of Bamberg, Germany
    Issues in Political Science

Support for International Students

Unlike at larger universities throughout the world, you will not need binoculars in order to see your professor at Coburg University of Applied Sciences and Arts. International students are supported by a student tutoring and counselling system. A social and cultural activities program especially for international students is organised to support their integration process.

Our International Office provides advice, supports you and resolves organizational issues relating to your studies. More information can be found here: Our support for international students

Coburg University is part of the Code of Conduct. It aims to ensure that students from abroad receive the quality of support and advice needed when studying in Germany. The code defines quality standards for foreigners studying at German universities. Go to the Code of Conduct

FAQ - Frequently Asked Questions

Admission

The application for admission to the MBA program is conducted online: please apply via our application site complete the template and upload all the required documents. An application is possible from January of every year for entry in October (Winter Term) and from November 15th of every year for entry in March (Summer Term).

We assess applications on 3 levels:

  • Academic background – The committee values competitive academic performance and seeks graduates who demonstrate superior ability
  • Professional experience – Close attention is paid to the applicant’s previous work experience as well as future professional ambitions
  • Personal characteristics – The committee seeks highly motivated candidates who have already proven themselves as team players and potential leaders

The selection interview typically entails 15 minutes and is designed to assess the qualification, suitability and motivation of the applicant. The interview may be conducted by telephone or via zoom.

Documents need to be uploaded to uni-assist.

Applicants for the MBA program must meet the following requirements for admission:

  • University degree (Bachelor, Diploma, Master)
  • At least two years of professional experience after graduation
  • GMAT is recommended
  • English proficiency at C1 (CEFR), level. We accept standardized certificates (e.g., TOEFL-iBT, IELTS)
  • Selection interview with the director of the degree program

You need to present all your original documents when you register in person at our university office before commencing your studies.

Depending on your academic and professional background, GMAT may enhance your application; it is, however, not compulsory.

No, we require officially certified translations of your original documents in either English or German.

No, on written application, a waiver to take an English language test will generally be granted to applicants from English-speaking countries. If you are a native speaker or have worked in an English-speaking country (for longer than one year), waivers are possible. Applicants who have already completed graduate studies delivered in English can submit appropriate documentation as proof.

No, the university does not accept documents written in languages other than English or German. To obtain an officially certified translation, we recommend international applicants to contact their local German consulate or embassy.

Deadline: January 31st (Summer Term)

Deadline: August 15th (Winter Term)

The admissions process starts with a review of your documents. Usually within 3 weeks, you will receive feedback on whether your application has been successful and whether you have been admitted to the program. This allows you to coordinate with your employer and organise your visa (if applicable) at an early stage.

All non-EU students need a student visa. For your visa application at the German Embassy / Consulate in your country, we will provide you with a letter of acceptance once your application has been accepted by our admissions committee. Please check your local German Embassy / Consulate for the process and requirements for obtaining a Student visa.

If you require a student visa to study in Germany, please be aware that the process can take 8-10 weeks until the visa is issued. You should therefore initiate the visa application as soon as you have been admitted to the MBA program.

No, you do not need German language skills when you begin your studies at Coburg, as German courses are integrated into the MBA curriculum. We offer German courses at various levels of proficiency and these are free of charge to all our enrolled MBA students.

Yes, we are happy to provide you with the contact information of a current student or alumnus. We will try to find a student or alumnus whose academic and/or professional background best matches yours. Please contact the Master Office for further assistance.

Please write an email with your questions to the Master Office: mbafm@hs-coburg.de

A student loan may be an option for financing your studies at Coburg. In Germany, the market for student loans has been growing steadily in recent years.

For example, the Deutsche Bildung allows one-time payments during the study programs. The German state-owned KfW Bank offers loans for german students. Another provider is Bayhost for the students from Russia and Ukraine. For a useful overview, refer to the CHE Studienkredit Test.

Program

The program was inaugurated in 2001 with the financial support of DAAD. Since then, around 450 graduates have qualified.

Yes, we strive to offer Germany’s best English-taught full-time finance MBA in terms of internationalization and industry outreach.

More specifically, our goals are:

  • Qualify outstanding young financial management professionals
  • Enhance applied research and promote research in FM
  • Grow the trans-regional reputation of the program
  • Expand the international outreach of the FM program
  • Ensure highest quality standards in teaching, research and administration

Our MBA is a specialized program in the area of general management and finance which gives our syllabus a very specific profile in the German MBA market. Our program is the only English-taught international full-time MBA program in Germany with a dedicated focus on finance. We currently we do not offer a classic general management MBA program at Coburg, but we can recommend the Master International Business at University of Applied Sciences Würzburg-Schweinfurt.

Our students are very international. Typically, 50-60 students from 15-20 nations are enrolled in 2 cohorts (groups of students). We strive to keep the distribution of male and female students evenly balanced. In order to ensure sufficient room for dialogue and effective, interactive collaboration, the maximum class size is 35 study places per cohort.

Please have a look at our social media pages, where we regularly post current news and updates. We would be delighted to connect with you.

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The program starts in Winter Term from October 1st (regular entry point), furthermore it is also possible to achieve an admission for Summer Term from March 15th.

Here you can find a model schedule of the syllabus.

In order to instruct not only theoretical but also practice-relevant knowledge during your studies, we attach great importance to our teaching staff. These are academics, industrial practitioners or guest speakers from relevant functional areas.

The program can be completed in 22 months.

Quality is the foremost goal of our program. The program is accredited by FIBAA and the German Accreditation Council until 30.09.2030.

The MBA is an English-speaking program. All modules are taught in English. Course materials, textbooks and communications are in English too.

Although parts of the curriculum content are provided on the digital Moodle learning platform, we require students to generally attend their prescribed courses in person. The interactive dialogue between fellow students and instructors is optimized in a classroom environment as in-class simulations, project discussions and case studies invariably help to maximise the learning outcome.

No. At the moment it is not possible to study selected modules of the MBA program Financial Management.

Yes, our instructors are normally available between class sessions and during their office hours. Each course also has its own communication tools where faculty and students can exchange ideas and request feedback. Additionally, you will always find lecturers available before and after classes and joining students for lunch and special events.

As an international student at Coburg University, there are plenty of financial aid and scholarship options available to you – so you can focus on your studies, not your finances.

DAAD, the German Academic Exchange Service, offers a range of scholarships for international students wanting to study in Germany – including full scholarships covering all costs.

Several other organizations offer scholarships too.

For example, the Deutsche Bildung allows one-time payments during the study programs. The German state-owned KfW Bank offers loans for German students. Another provider is Bayhost for students from Eastern Europe. For a useful overview, refer to the CHE Studienkredit Test.

Coburg University offers the following financial aid and scholarship  opportunities for international students.

  • Deutschlandstipendium: This scholarship supports talented students with 300 € per month – regardless of income. In addition to excellent grades, the social commitment, special personal achievements and the social and family situation are taken into account.
  • Oskar-Karl-Forster-Scholarship: Students in economic need can apply for a one-off grant from the Oskar Karl Forster Scholarship Fund to fund learning materials, including laptops.
  • DAAD scholarships: The  German Academic Exchange Service DAAD offers a variety of scholarships for different target groups. Students can apply for selected scholarships before they commence their studies.
  • DAAD Prize: The annual DAAD Prize is awarded to one international student at Coburg University who demonstrates outstanding academic achievement and exceptional social commitment.
  • The Bavarian State Ministry of Education and Cultural Affairs: The Bavarian State Ministry of Education and Cultural Affairs annually provide funds (Semester scholarship/ Aid in emergency situations) in order to support Internationalization at Coburg University of Applied Sciences and Arts.

Payment in installments is not possible.

Career

Yes, after you have completed the MBA programme, you are entitled to remain in Germany for at least another 18 months to seek employment opportunities.

Yes, the MBA is a regular Master degree that formally permits enrolment for a Ph.D. program in Germany. Your average grade needs to be at least a 2,0 GPA. We will support and mentor your application.

Of course, we cannot predict your personal career prospects after completing the MBA program – these depend on too many individual factors. But the chances are good that our degree will open a range of attractive opportunities. German corporations are keen to employ highly motivated and well-qualified international graduates from our program.

Graduates of the MBA FM program typically commence their careers in corporate strategy, finance, management accounting, treasury, consultancy, banking and insurance.

Coburg University

Yes, we are a public university owned by the State of Bavaria in Germany. Being a public university means that we are a non-profit making institution. The tuition fees are calculated to cover the costs of the program.

University of Applied Sciences (“Hochschule” in German) means that we primarily concentrate on business applications, rather than on theoretical models and research. This is why enrolling for an MBA program at a University of applied sciences is an excellent idea!

Apart from the activities that are open to all students of our university, we offer various events and activities specifically for our MBA students. Those activities include an International Dinner, a visit to the local Christmas Market, a guided tour through the Castle Ehrenburg and the Coburg Fortress and many more.

As an MBA student, you have access to all facilities of our university campus.

Those resources include:

  • university canteen
  • free use of local public transportation system
  • university library
  • sports facilities and courses
  • computer labs
  • counselling services

For some of the recreational amenities, a nominal fee may be levied.

Yes, we encourage students to visit our Master office and explore the Coburg campus. Please let us know in advance when you are planning to come, so we can show you around and answer all your questions. We look forward to meeting you!

The international office supports students looking for accommodation. Most students are offered a dormitory in our student residences with 500 modern single apartments with kitchen, bathroom/WC and modern facilities. The apartments can be rented for half a year (September-February and March-August). You can find more information about the student residences in Coburg on the website of “Studentenwerk Oberfranken“. Furthermore, there is an active market for shared or individual student accommodation.

Yes, we provide support services once you arrive in Coburg. For further information, please refer to our Joining Instructions. We also offer an orientation week to Freshers prior to the beginning of the semester. We recommend that students arrive in Coburg early. Activities during the orientation week include a welcome breakfast, “survival training” for international students, technical support, personal assistance with how to complete forms, introduction to ODI Computer Services, health insurance application, introduction to the university library, visiting the local government office for residents, how to open a bank account as a foreign national, etc.

Coburg City

Coburg is a beautiful, charming city located in Northern Bavaria, Germany. Coburg spans the bow between history and modernity, combining the traditional with the new. Most aptly, the city’s motto is “Values and Change”. Get more information here.

Find a student ambassador or senior FM student and take a walking tour to the best spots. There is a great website of the city of Coburg for Freshers to become familiarized. You can find a city map, videos, a city tour and much more. Take a look!

The answer depends on your individual lifestyle. The students‘ union estimates that the average student budgets around 750 € / month for living expenses in Coburg.

Accommodation:  250 – 300 € (low, compared to other German cities)

Radio and TV Fee (“Rundfunkbeitrag”): approx. 18 €

Health Insurance: approx. 103 €

Food: about 250 €

Study Materials: 50 – 100 € per semester

Coburg has an excellent connection to regional trains and to national high-speed trains. The cities of Erfurt (north-west) and Nuremberg (south-east) are about one hour away by either car or train.

Yes. The rate of criminality is very low in Germany overall, and especially low in the State of Bavaria.

Contact us

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