Master in Finance


Program Description

Experience a unique program that combines a thorough analysis of finance with practical relevance and an international perspective.

WHU’s Master in Finance Program is designed for graduates from around the world with an excellent first academic degree in a business-related field of study as well as good quantitative skills. This full-time English-language program lasting 17 or 21 months provides you with an in-depth understanding of financial markets by offering a wide range of electives in the field of finance. Moreover, the program offers both practical and international experience and prepares you for a broad range of career opportunities in the global financial industry.

Why Master in Finance at WHU

  • Develop an in-depth understanding of modern finance in a program that integrates quantitative analysis with hands-on business problem solving,
  • Join a dynamic and thriving global network of fellow students and alumni,
  • Learn beyond the classroom by getting involved in one of WHU's numerous student clubs,
  • Benefit from an extensive network of 200 partner universities and 160 partner companies around the world.

About the Program

  • Comprehensive curriculum through core modules and a wide range of electives,
  • Broad range of finance-related modules, such as Capital Market Theory, Corporate Finance, M&A, Leadership in Investment Banking,
  • International opportunities such as a semester abroad or a capstone module abroad,
  • Exposure to the real business world through internships in Germany and abroad,
  • Unique double degree options to earn a full second degree.

At a Glance

Program start: 01 September

Location: Campus Vallendar


  • 17 or 21 months full time,
  • Integrated internship,
  • International exchange or international Capstone module.


Master in Finance (MSc)

Program Structure

The Master in Finance program is a consecutive science program, which addresses applicants holding an undergraduate degree in a business-related field of study. The program starts September 01, 2019. The language of instruction is English.

On September 1st, you will start your studies with two semesters at the WHU campus in Vallendar taking 3 mandatory Core Modules and 9 Electives.

The program is offered in two different tracks: a 90 ECTS track for a period of 17 months and a 120 ECTS track for a period of 21 months.

Students holding a 210 ECTS Bachelor’s degree will be able to join the 90 Credit Track Program. The 90 ECTS track offers a shorter capstone module at one of WHU’s partner universities. It implies a trip to one of the business metropolises in America, Asia or Europe. Afterwards, students complete an internship of at least 4 weeks before starting their Master’s Thesis.

Students holding a Bachelor’s degree with at least 180 ECTS will participate in the 120 Credit Track. After their studies for two semesters in Vallendar, students complete an internship of at least 6 weeks and will complete their Master’s thesis subsequently to their study abroad. Students of the 120 Credit Track have the opportunity to receive a double degree.

For more detailed information regarding the modules please visit our course guide.

Core Module

Students need to take the following mandatory courses (Core Modules): Advanced Econometrics, Capital Market Theory, and International Financial Reporting.

  • Advanced Econometrics
  • Capital Market Theory
  • International Financial Reporting


You will be able to choose 9 Electives of the modules that are listed below. Additionally, you will be able to choose up to 3 of the 9 Electives out of the Electives of the Master in Management and the Master in Entrepreneurship.

  • Advanced Corporate Finance
  • Asset Management
  • Behavioural Finance and Emotional Finance
  • Contract Theory
  • Corporate Governance
  • European Banking and the Financial Crisis
  • Financial Risk Management
  • Financial Modeling with Excel
  • Financial Technologies
  • Financial Valuation
  • Mergers & Acquisitions

One Program…Two Degrees

In close cooperation with our partner, the Olin Business School at the Washington University in St. Louis/USA, WHU offers a special Double Degree program which allows you to earn two academic degrees in Finance within 21 months. With this exclusive Double Degree program, you will enjoy the experience of studying at two excellent universities, immerse in two different cultures together with students from around the world, and have access to two global alumni networks.

If you are interested in the program, please apply directly at Olin Business School.

Graduates of this Double Degree program receive a Master of Science in Finance degree from WHU – Otto Beisheim School of Management and a Master of Science in Finance degree from Washington University.

Find out more information about the Global Master of Finance at the Washington University and on the curriculum of the Master in Finance at WHU.

In addition to our cooperation with Olin, we do offer more double degree opportunities with universities worldwide.

Schedule Olin


Scholarships available

The Master of Finance program offers students a series of financing options in order to ensure that everyone who has been successful in obtaining admission can study at WHU.

  • In Praxi Diversity Scholarship

In Praxi – the WHU Alumni Association has launched the In Praxi Diversity Scholarship. Its purpose is to help young qualified applicants from foreign countries by providing them with financial aid and mental support. At this point, scholarships can be offered to students who are not able to finance their studies on their own.

In Praxi is convinced that a diverse student body – coupled with stringent selection criteria – is a valuable asset to the whole WHU community. Please find more information in the PDF document In Praxi Diversity Scholarship.

  • In Praxi Women in Business Scholarship
    The In Praxi Women in Business Scholarship is another scholarship provided by the In Praxi Alumni Association of WHU - Otto Beisheim School of Management. It aims at helping particularly qualified women pursue their studies at WHU with financial support, and more generally encourages a larger proportion of female applicants to WHU. The amount of the scholarship is corresponding to that of the In Praxi Diversity Scholarship. Please find more information in the PDF document In Praxi Women in Business Scholarship.
  • Campus For Finance Scholarship

In cooperation with the Campus for Finance e.V., one of the student associations at WHU – Otto Beisheim School of Management, we are proud to offer the Campus for Finance Master in Finance Scholarship. It is a unique opportunity for participants of the Campus for Finance - WHU New Year's Conference or of the WHU Private Equity Conference who are also interested in studying in the Master in Finance (MiF) program at WHU.

The Campus for Finance MiF Scholarship will be offered to one outstanding participant of the WHU Campus for Finance - WHU New Year's Conference or the WHU Private Equity Conference. It encompasses a monetary value equal to one semester's tuition fee in the Master in Finance (MiF) program. Participants of the WHU New Year's Conference or of the WHU Private Equity Conference can apply for the Campus for Finance MiF Scholarship by May 13, 2019. To apply to our Master programs, please submit your application via our online application portal.

Moreover, participants of the Campus for Finance - WHU New Year's Conference or the WHU Private Equity Conference will receive an application fee waiver when applying for the Master programs at WHU.

  • Reduced Tuition

There is a possibility for students to receive a reduced tuition. The number of scholarships will be determined on a yearly basis. The reduction is amounting to the tuition of one semester. In order to apply for a reduction of the tuition fees, please complete the form Antrag Teilerlass and send it to the student office by August 1, 2019. Additionally, you also have to submit your BAföG-application*.

All EU citizens have a right to receive financial assistance through BAföG. Please submit your BAföG-application at the latest by your matriculation date at the responsible BAföG office ("Amt für Auszubildenendförderung der Universität Koblenz").

Application for a reduced tuition has absolutely no impact on the selection or admission process.

*Please note that the entire BAföG application procedure is only available in German.

  • Deutschlandstipendium
    Within the framework of the national scholarship program Deutschlandstipendium, WHU grants every fall semester annual scholarships to students who are especially talented, skilled, and dedicated and who distinguish themselves throughout outstanding social and societal commitment. The scholarships are funded in equal shares by the Federal Ministry of Education & Research (BMBF) and by private donors such as companies, foundations, and single individuals. The scholarships amount to 300 Euros per month each and are granted for a period of twelve months with the possibility of extension.
  • Further Scholarships

As a result of the selection process, WHU students have good chances of being accepted to a scholarship program. Nearly 20 percent of WHU students are funded by a grant or endowment (BSc and MSc-Programs). Seven percent are scholarship recipients from the German National Academic Association (Studienstiftung des Deutschen Volkes).

  • Bristish Counsel - IELTS Award
  • Cusanuswerk, Bischöfliche Studienförderung
  • DAAD
  • Daniela und Jürgen Westphal Stiftung
  • Deutsche Telekom Stiftung
  • Evangelisches Studienwerk e.V.
  • Friedrich Ebert Stiftung
  • Friedrich-Naumann-Stiftung
  • Haniel Stiftung
  • Hanns-Seidel-Stiftung
  • Hans-Boeckler-Stiftung
  • Heinrich-Böll-Stiftung
  • Konrad-Adenauer-Stiftung
  • Schmalenbach Scholarship
  • Stiftung der Deutschen Wirtschaft
  • Thyssen Krupp Studienförderung

WHU Brain Capital GmbH

In 2006, a new and innovative funding program has been developed by Brain Capital: the Generation Contract. Students who have been offered admission to one of the WHU Master of Science Programs and who need financial support or wish to finance their graduate studies on their own may apply for this funding. The Generation Contract enables students to concentrate on their studies without worrying about the financial aspects. The repayment depends on gross income once the students start their professional life; there is a minimum and a maximum amount of the repayment. Therefore, the final tuition fees are proportional to the achievements in the jobs. Participation in the Generation Contract is also available for qualified MSc students from non-EU countries. Please find more information in the WHU Brain Capital Flyer.


WHU offers a low-interest loan program with Sparkasse Koblenz, which is available for German-speaking WHU students without special collateral requirements. The study contract is adequate as security for the bank. This loan is also available to German-speaking international students who can provide a loan guarantee from Germany.

Deutsche Bildung AG

Deutsche Bildung AG offers flexible financial support to German as well as international students combined with the online platform WissenPlus. Please find more information on the website of Deutsche Bildung.

Other scholarships portals

  • Association of German Foundations.
Last updated Oct 2018

About the School

WHU – Otto Beisheim School of Management pursues excellence in everything it does. This philosophy is underscored by our claim “Excellence in Management Education.” We achieve our goal of excellence t ... Read More

WHU – Otto Beisheim School of Management pursues excellence in everything it does. This philosophy is underscored by our claim “Excellence in Management Education.” We achieve our goal of excellence through the motivation and dedication of WHU students and staff (Passion), their call for social responsibility (People) and the faithfulness to the principle that results count (Performance) Read less
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