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Master in Finance Program:

Prepare for a career in the financial world with a #1 ranked program.

Experience a rigorous curriculum that provides the fundamental skills and knowledge of financial markets. Access a deeper understanding of theories surrounding modern finance, with a degree that prepares you for a career across all landscapes of finance.

Our full-time, English-taught Master in Finance (MiF) Program ranks #1 in Germany and targets bachelor graduates with an excellent first academic degree in a business-related field of study as well as graduates from STEM subjects with a strong quantitative background and first experience in finance-related topics. For this program we seek candidates with a maximum of about 4 years of post-graduate working experience.

Student statistics:


average age

female students

international students


Average salary
of our graduates**

* among all enrolled MSc students 
** measured three years after graduation

90 credit track
fees for capstone module (€1,600) are not included, fees refer to the intake 2021
120 credit track
includes tuition for semester abroad, fees refer to the intake 2021
Application deadlines
  • April 30, 2021*
  • May 31, 2021**

* For candidates requiring a study visa
** For candidates from EU/EEA countries as well as from Australia, Canada, Israel, Japan, New Zealand and the USA

Early bird
  • January 15, 2021

Apply early with complete application documents to receive an Early Bird reduction of 10% on one semester tuition fee.

Apply by February 28, 2021 and receive an application fee waiver.

MiF program structure

Flexibility and diversity –
Learn more about our program structure.

The program has two available tracks: 90 credits or 120 credits, lasting 17 or 21 months respectively.  

90 credit track: Students who have completed a Bachelor’s degree with at least 210 ECTS credits are able to choose the 90 credit track. This track lasts 17 months and includes a one-week international module, the capstone module.

120 credit track: Students who have completed a 180 ECTS credit Bachelor’s degree will join the 120 credit track lasting 21 months. In this track, you will spend your third semester in either the Master or MBA program at one of our 200 partner universities.

The elements of the program include:

The core modules provide you with the fundamental quantitative skills and essential knowledge of financial markets. 

  1. Advanced Econometrics
  2. Capital Market Theory
  3. International Financial Reporting

A thoroughly composed set of finance electives will allow you to customize your studies to your interests and to gain a deeper understanding of theories and concepts of modern finance.

  1. Accounting for Financial Instruments
  2. Accounting for M&A Transactions
  3. Advanced Corporate Finance
  4. Asset Management
  5. Behavioral and Cultural Finance
  6. Contract Theory
  7. Corporate Governance
  8. Current Topics in Accounting
  9. Economics of Financial Markets
  10. Emotional Finance
  11. Exchange Rates and International Finance
  12. Financial Derivatives
  13. Financial Modeling with Excel
  14. Financial Reporting and Capital Markets: Current Challenges
  15. Financial Risk Management
  16. Financial Statement Analysis and Valuation
  17. Financial Technologies
  18. International Tax Strategy
  19. Investment Banking
  20. Monetary Economics and Central Banking
  21. Valuation and M&A

Up to three electives can be chosen from the pool of all MSc electives.

The MiF Program also includes an international component - the study abroad semester (120 credit track) or the capstone module (90 credit track).

Having completed your first two semesters at WHU, you will gain valuable work experience through an internship in Germany or abroad. The Career Center supports you in finding an internship position via a broad range of activities such as individual career counseling, workshops, and company presentations.

The master thesis concludes your studies, providing you the opportunity to apply the skills and knowledge you have gained throughout the course of the Master Program. While writing your thesis, you will be supervised by a WHU faculty member. You may also write your thesis in collaboration with a company.

For more detailed information on the electives and international module please see the Online Course Guide.

In addition to participating in a rigorous academic curriculum, you will also have the opportunity to take part in various events organized by our students and the Career Center such as IdeaLab!, Founders Career Day, SensAbility, Euromasters, and many more.

The annual WHU Master Graduation Day takes place in the fall. Our Master in Finance graduates have cause to celebrate thanks to their consistently high final grades. Take a look!

Study in Germany

It's not only about studying – WHU is an exciting place to be.

Learn more

Applications & Admissions

We are looking for smart, diverse, and creative students from around the world.

Learn more

Fees & Financing

Invest in your future – we can help you finance your studies.

Learn more

Master in Finance

Double Degree Program

Students in the Master in Finance Program have the opportunity to apply for the Double Degree Program - a unique study abroad option. Gain a full degree from a partner university abroad as well as the WHU Master degree, plus essential international experience and valuable insights.


Master in Finance

Double Degree Program

Students in the Master in Finance Program have the opportunity to apply for the Double Degree Program - a unique study abroad option. Gain a full degree from a partner university abroad as well as the WHU Master degree, plus essential international experience and valuable insights.


Career statistics

A return on investment –
Job entry following graduation.

Branchenaufteilung für MiF-Absolventen 2015-2019

As a Master student, you will gain access to the wider WHU network offering unparalleled professional opportunities and a dedicated and top-ranked Career Center to assist in your career goals. While many Master in Finance graduates naturally gravitate towards the banking and finance industry, many students also enter the consulting, industry and services, and start-up sectors.

Key Career Entry Statistics (pdf)Visit our Career Center

Dates & events

We would love to meet you online!

In place of physical events, we will be shortly offering Virtual Information Sessions about the programs, financing options, and an opportunity to ask the questions most important to you. Please check our upcoming events for more details:


Get in touch

Let’s connect –
Drop us a line now!

The Master team is happy to answer any questions you may have about our curriculum, admission requirements, or financing options. We are also happy to connect you with current students and alumni who would be happy to share their experience. Simply drop us a line and we will get back to you! For quick queries and questions, you are of course also welcome to pick up the phone and call directly at one of the contact numbers below. 

Team MSc

Sharon Min    
+49 (0)261 6509 523

Hannah Page 
 +49 (0)261 6509 521


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