Financial Management

Key Facts

Master Program:
Financial Management
Master of Business Administration (MBA)
Double Degree:
Master of International Business from USC Australia (MIntBus)
Program Structure:
4 terms (22 months), full-time
Credit Points:
120 ECTS
accredited both by the FIBAA and by the international Accreditation Council until 2022
Language of Instruction:
Tuition Fees:
2,950 Euro per term
Admission Requirements:
Bachelor’s degree (or higher) and at least 2 years work experience
Program Start:
winter term (October 1st)
Deadline: August 15th


Our Target group

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

It is the only English-taught international full-time MBA program in Germany with a dedicated focus on finance.
From 2021, the program offers an optional Dual Degree from USC 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.

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.


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.



Min Chen

"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 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. Last but not least, the strong support of German language program was very intensive for us to integrate into the German life."

Min Chen, Senior Manager Treasury, German Automotive Company (Graduate, Class of 2006)

Sun Bingqing

"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 help me to be more adaptable in my life. It was a great two-year experience providing a life long benefit."

Sun Bingqing, Greater China Commercial Contract Director at Kantar, WPP (Graduate, Class of 2006)

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

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).


  • 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.


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

To obtain information about these tests, visit: or or

Application Process

We have a three-step admissions process:

  1. After uploading the required documents for evaluation to, the first step is to submit an online application which includes assembling a variety of materials that will help us assess your qualifications.
  2. Thereupon you are 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 by telephone or Zoom.
  3. Finally - after completion of steps 1 and 2 - the program director may invite you to a final interview, also conducted by telephone or Zoom. If you are successful, you are admitted to the MBA program.

The costs for the VPD will be reimbursed after successful enrolment.

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

Required Documents

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

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.

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


Program Director

Lecturers of Coburg University

  • Prof. Dr. Claus-Burkard Böhnlein, Department of Business and Economics
    Management of Projects and Business Simulation | Operations Management
  • Prof. Dr. Christian Eckert, Department of Business and Economics
    Risk and Insurance Management
  • Prof. Dr. Eduard Gerhardt, Department of Business and Economics
    Information and Communication Systems | Management of Projects and Business Simulation | SAP/FI
  • Dr. Apostolos Gerontas, Department of Applied Sciences
    Intercultural Management and Ethics
  • Prof. Dr. Mirko Kraft, Department of Business and Economics
    Risk Management and Insurance
  • Prof. Dr. Jochen Leidner, Department of Business and Economics
    Innovation Management
  • Prof. Dr. Xun Luo, Academic centre for sciences, culture and humanities
    Intercultural Management and Ethics
  • Prof. Dr. Victor J. Randall, Department of Business and Economics
    Applied Risk Management | Financial Markets and Institutions | Project Placement and Coaching Seminar | Master Thesis Seminar
  • Prof. Dr. Thomas Schauerte, Department of Business and Economics
    Corporate Finance | Quantitative Methods in Finance | Risk Management
  • Prof. Dr. Felix Weispfenning, Department of Business and Economics
    Business Strategy and International Marketing

Guest Lecturers

  • Hannelore Bänsch, Hanne Bänsch Consulting and Coaching, Germany
    Human Resources, People Management
  • Prof. Dr. Randall Bolten, Lucidity, USA
    Financial Planning and Analysis (FP&A)
  • Dr. Ramona Evens, CHECK24 Vergleichsportal, Germany
    Financial and Management Accounting
  • Joachim Fuchs, Deutsche Bank Privat- und Geschäftskunden AG, Germany
    Risk Management
  • Dr. Christoph Götz, Shearman & Sterling LLP, Germany
    International Tax and Legal Systems
  • Felicitas Hoppe, Sapere Aude, Germany
    Financial and Management Accounting
  • Prof. Dr. Jürgen Kähler, FAU Erlangen, Germany
    Corporate Finance, Econometrics, Financial Derivatives
  • Prof. Dr. Dubos J. Masson, Indiana University, USA
    Treasury Management
  • Philipp Morscheck, DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Germany
    Corporate Finance
  • Ralf Otto, ROI GmbH, Germany, Financial and Management Accounting
  • Charles Parry, University of Cambridge, UK
    International Economics
  • Alba Patozi, University of Cambridge, UK
    International Economics
  • Dr. Tobias Schuler, European Central Bank, Germany
    Current Topics in International Finance
  • 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. Reinhard Zintl, University of Bamberg, Germany
    Issues in Political Science

Tuition Fees & Scholarship

Tuition fees for the four term program currently comprise 11,800 € in total (2,950 € per Term). In addition, students are required to pay an enrollment fee of around 100 € 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


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

Contact us

Christin Fichtmüller, Dipl.-Soz.päd / MBA
Christin Fichtmüller, Dipl.-Soz.päd / MBA
T. +49 (0)9561 317-636
Room 5-101
Katarzyna Lisiewicz, Dipl.-Kauffrau
Katarzyna Lisiewicz, Dipl.-Kauffrau
T. +49 (0)9561 317-325
Room 5-101

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 E-mail.

More information

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


In winter term of 2021/22, Coburg University of Applied Sciences opened an intercultural meeting place for the international master degree programs AIMS and Financial Management. It also hosts the new Bloomberg laboratory: here, students can gain hands-on experience in the world of finance and markets. Continue reading ...