Master in Finance: Curriculum –

Flexibility and diversity.

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 following elements are included in the program:

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).

Explore our international options

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!

WHU Master in Finance Final Grades