Financial Management

In a Nutshell - MBA Financial Management

Master program:
Financial Management
Master of Business Administration (MBA)
Program structure:
4 terms (including internship); (1 term = 15 weeks), Full-time program (no part-time format available)
Credit Points:
120 ECTS
Program start:
winter term (October 1st)
Admission Requirements:
Bachelor’s degree (or higher degree) preferably in the field of Business Administration, Commerce or Economics
Work experience of at least 2 years
Proficiency in English language
Selection interview
International FIBAA accreditation until 2022
Language of instruction:
English (no German language proficiency required in the main courses)
Tuition Fees:
2.350 Euro per term
Deadline for winter semester: August 15th (EU nationals); July 15th (non-EU nationals)
Program director:


Our MBA program Financial Management is designed to enhance the knowledge and skills of graduate students seeking leadership responsibilities in the area of finance and to improve their social and methodological competencies. They strive for an internationally recognized degree and a managerial position in finance or business. Graduates from all disciplines can enroll to the MBA program Financial Management after having acquired at least 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. You will promote your knowledge and skills in the area of finance, management accounting, business strategy and decision-making techniques (including social competencies and information management tools) necessary for effective management. 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.

  • Annual intake: 25-30 students
  • Average professional experience: 2-3 years
  • Average age of students: 25-30 years old
  • Gender breakdown: 1/3 female, 2/3 male
  • 96% of our students come from abroad
  • Hitherto 70 nationalities in class

The program is internationally-oriented and especially geared to the requirements of foreign students. For German students, the MBA program Financial Management presents a unique opportunity to profit from a friendly, cross-cultural, international learning environment.

For general information concerning the MBA program Financial Management at Coburg University and for further details regarding the curriculum and program structure, please consult our [Flyer] or  [Brochure] (14 MB).

Program Contents

Financial Management Program Structure

During the 1st and 2nd Term, 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.

  • Human Resource Management and Leadership
  • Intercultural Management and Ethics
  • Business Strategy and International Marketing
  • Information and Communication Systems
  • Fundamentals of Financial Management and Economics
  • Financial Markets & Institutions
  • International Management Accounting
  • International Tax and Legal Systems
  • Corporate Finance and Financial Analysis
  • Management of Projects and Business Simulation

An internship at a German company (no work permit required) is an integral part of the study program and is scheduled for the 3rd Term.

During their internship, students have the opportunity to apply the theoretical knowledge and skills obtained in the program, as well as become familiar with German business customs. The internship lasts 20 weeks. German students (who have never studied or worked abroad) are encouraged to do the internship abroad. The program has developed a large internship database and will provide substantial contact data on request.

In the 4th Term - having successfully participated in the requisite modules Treasury Management and Risk Management - you will be able to focus on your 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.

German language classes

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 do not require any previous German language skills.

In order to exploit the most attractive opportunities for your internship, our language courses will equip you to pass the Goethe-Certificate A2 exam of the Common European Framework of Reference (CEFR).

Examination Regulations

Download examination regulations (in German) - Legally binding

Download examination regulations (in English)

Practical Experience

We believe that academic education at Coburg University is not limited to a classroom environment, but also happens off campus. Hence, we try to 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 listed German company or a leader in their respective industry
  • 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 Munich, Frankfurt, Berlin, 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.

Student Ambassadors

We all study in the current MBA class and will answer your questions from our own experience. So if you want to know, how life feels in Coburg, how to solve visa issues and what's actually in the master program Financial Management, just drop an email.

Mohamed Abouelenin
Mohamed Abouelenin
Melissa Watts
Melissa Watts
Thi Ngoc Huyen Nguyen
Thi Ngoc Huyen Nguyen
Shilpa Pandeshwar
Shilpa Pandeshwar

Professors and Guest Lecturers

Professors of Coburg University

  • Prof. Dr. Claus-Burkard Böhnlein, Department of Business and Economics
    Operations Management
  • Prof. Dr. Eduard Gerhardt, Department of Business and Economics
    Information and Communication Systems
    SAP / FI
  • Dr. Apostolos Gerontas, Department of Applied Sciences
  • Prof. Dr. Petra Gruner, Department of Business and Economics
    Scientific Research Methods
  • Prof. Dr. Roland Hertrich, Department of Business and Economics
    Value Management in Marketing
    Selected Topics in Corporate Finance
  • Prof. Dr. Josef Löffl, Academic centre for sciences, culture and humanities
    European History and Culture, Internship Placement Seminar
  • Prof. Dr. Victor J. Randall, Department of Business and Economics
    Financial Markets and Institutions
    Applied Risk Management
    Master Thesis Seminar
    Internship Placement Seminar
  • Prof. Dr. Thomas Schauerte, Department of Business and Economics
    Risk Management
    Quantitative Methods in Finance
    Corporate Finance and Financial Analysis
  • Prof. Dr. Lutz Schneider, Department of Business and Economics
    Fundamentals of Financial Management and Economics
  • Prof. Dr. Milena Valeva, Academic centre for sciences, culture and humanities,
    Introduction to Islamic Finance and Banking
  • Prof. Dr. Felix Weispfenning, Department of Business and Economics
    Business Strategy and International Marketing

Guest lecturers

  • Mitchell Alexander, Hogeschool Utrecht
    Intercultural Management
  • Dr. Muhammad Ashfaq, University of Tübingen
    Business Simulation
    Introduction to Islamic Finance and Banking
  • Joachim Fuchs, Diplom-Mathematiker, Deutsche Bank Privat- und Geschäftskunden AG
    Risk Management
  • Dr. Christoph Götz, O&R Oppenhoff & Rädler AG
    International Tax Systems
  • Dina Grube, MBA, Senior Financial Analyst, Philipp Morris International
    Financial Planning and Analysis - FPNA
  • Felicitas Hoppe, Sapere Aude, Frankfurt
    International Management Accounting
  • Dr. Walter Hyll, Institut für Wirtschaftsforschung Halle (IWH)
    Fundamentals of Financial Management and Economics
  • Prof. Dr. Matthias Kropp, University of Applied Sciences, Pforzheim
    International Accounting Selected Topics in IFRS
  • Markus Leue, Group Manager Vodafone
    Financial Engineering
  • Philipp Morscheck, DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main
    Corporate Finance and Financial Analysis
  • Ralf Otto (Dipl.-Wi.-Ing.), WP/StB, ROI GmbH
    International Accounting
  • Prof. Dr. Holger Rekow, iba University of Cooperative Education der F+U Unternehmensgruppe Nuremberg
    Human Resource Management and Leadership
  • Wolfgang Strobel, Hauck & Aufhäuser
    Management of Business Projects / Financial Analysis and Management, Mergers and Acquisitions (M&A)
  • Prof. Dr. Jeffrey M. Thompson, B.S.B.A., J.D., Attorney at Law, Pennsylvania, U.S.A
    International Legal Systems, Jurisprudence and Cases in Common Law System
MBA-students attending class
Lecturer of Financial Management

Tuition fees & Scholarship

Tuition fees for the four term program currently comprise 9,400 € in total (2,350 € per Term). In addition, students are required to pay an enrollment fee of around 95 € 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 about German scholarships can be found on the website of the German Academic Exchange Service (DAAD):

Please approach us directly if you have questions about financing and funding options. Expenses arising from further education may be tax deductible. Kindly seek advice from a tax consultant.

Job Perspectives

Finanical Management - Area of work

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, 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.

Admission Requirements

  • Applicants are required to have at least a Bachelor’s degree 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).
    An entrance qualification such as the Graduate Management Admission Test (GMAT) is recommended for graduates from other academic disciplines such as engineering, natural sciences or the humanities.

  • Furthermore, work experience of a minimum of 2 years is required. 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.

  • All applicants must demonstrate sufficient proficiency in English by submitting the results of one of the following tests. For applicants who have not obtained a waiver, the following are the required minimum scores:

    Test of English as a Foreign Language (TOEFL)

    • PB TOEFL 550
    • CB TOEFL 213
    • IB TOEFL 80

    International English Language Testing System (IELTS)

    • 6,5 or UNIcert® II

  • Applicants must also successfully participate in the selection process, which includes an interview. The selection interview will last 10-15 minutes and is designed to assess the suitability, motivation and qualification of the applicant. The interview with applicants from abroad may be conducted by telephone or via Skype.


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

Required Documents

  • Passport or ID photograph
  • Scanned copy of all relevant diplomas and certificates*
  • Scanned copy of transcripts of records
  • TOEFL/IELTS or UNICERT II (institution code number for TOEFL is 7450)
  • Scanned copy of passport
  • GMAT Scores are recommended (institution code number for GMAT is 7450)

*Please note: We recommend to upload your application documents to uni-assist for evaluation. We cover uni-assist handling costs for successful applicants. Your costs will be reimbursed after enrolment.

Acceptance and Confirmation

Applications are reviewed on an on-going basis throughout the academic year. Candidates will generally be given notification on the status of their application within 2 weeks. Once accepted, students have 1 month to confirm their place.

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

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. Foreign students are supported by a student tutoring and counselling system. A social and cultural activities program especially for foreign students is organised to support their integration process.

Our International Office provides advice and support for international students and resolves organizational issues relating to their studies.
Our support for international students

MBA-students spending some leisure time in Coburg
Financial Management graduation ceremony

FAQs - Frequently asked questions

Here's a list with frequently asked questions about the master program Financial Management.

Further Information

Are you interested in further information about our master program Financial Management? You can send us a short message.


Studies in Brussels

Recently students from the MBA program Financial Management visited Brussels to discuss strategic issues in European politics...Continue reading

A visit from Silicon Valley

In May we were pleased to welcome Professor Randall Bolten for our first Financial Planning and Analysis (FP&A) certification preparation course. The visiting professor has over 20 years of experience as CFO in the Silicon Valley...Continue reading


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