DID YOU KNOW?
In 2024, Munich Business School secured the top spot among private universities of applied sciences in the field of business administration from a recruitment perspective for the fifth time in a row.
In a world where financial decisions determine the success of companies and individuals, in-depth knowledge of financial management is invaluable. A course of study in this field offers numerous advantages – both for your career and for your personal financial planning. Here are six compelling reasons why studying Financial Management is an excellent choice:
In addition to the professional perspective, the studies also help in your private life. Those who are familiar with investments, taxes and budget planning can efficiently manage their own finances, make wise investment decisions and build up wealth in the long term.
Money knows no borders – and the same applies to Financial Management. The knowledge acquired can be applied worldwide, so that alumni often have international career opportunities, whether in multinational companies or global financial institutions.
Financial Management Studies not only impart theoretical knowledge, but also practical skills. Alumni can work in various areas such as Financial Planning, Controlling, Risk Management or Auditing. In addition, the analytical and strategic skills are in demand in many other industries.
The financial industry is constantly evolving, particularly due to technologies such as artificial intelligence, blockchain and digital financial services. Studies in Financial Management prepare you to understand these trends and adapt to changing market conditions.
Financial professions are often among the better-paid jobs. Those who specialize in the areas of controlling, risk management or financial analysis have a good chance of earning an above-average income and rapid career advancement.
Finance experts are needed in almost every industry – from banks and insurance companies to large corporations and start-ups. With a financial management degree, a wide range of career paths are open to you, in areas such as corporate finance, investment management or financial consulting.
Below, you can find out what advantages MBS offers you in your Financial Management Studies.
In the following, we will briefly explain what is meant by the concepts mentioned in Financial Management Studies.
Concentrations are advanced topics that you can choose within your study program to specialize in specific areas such as marketing, finance or entrepreneurship. In some programs, you can even choose more than one Concentration.
Elective courses give you the opportunity to choose the modules that match your interests and career goals, allowing you to tailor your studies to your individual needs. In many degree programs, you can choose more than one elective course.
A degree program with an international focus prepares you for the challenges and opportunities of global markets through intercultural content, languages and often international experiences such as semesters abroad.
A semester abroad allows you to study at a partner university in a foreign country, gain international experience and improve your language and intercultural skills.
An internship is a practical experience in a company where you apply your theoretical knowledge, gain professional insights and make valuable contacts.
A Master Top-up program enables students with a first university degree to obtain a full Master's degree in a short period of time by completing only the missing modules.
A mentoring program connects you with experienced professionals or alumni who are ready to provide valuable advice, career tips, and personal support.
Studying in English means that some or even all courses and exams are offered in English, which broadens international career opportunities and strengthens language skills.
A pre-Bachelor's program prepares prospective students for a Bachelor's Program by teaching them the basics and improving their language and subject knowledge.
A scholarship is a financial award given to students based on merit, need, or special qualifications to reduce the cost of studying.
The accreditations of a university, such as Munich Business School, serve as a crucial benchmark for the recognition and quality of its study programs. Institutions such as the German Council of Science and Humanities, the Ministry of Education and FIBAA, as well as respected international accreditation organizations such as AMBA and AACSB, evaluate academic excellence, practical relevance and compliance with global standards. Institutions like the German Council of Science and Humanities, the Ministry of Education, and FIBAA, as well as respected international accreditation organizations like AMBA and AACSB, evaluate academic excellence, practical relevance, and compliance with global standards.Universities like Munich Business School are continuously committed to renewing existing accreditations and acquiring new ones. Below, we provide an overview of the most important accreditations for your Financial Management Studies at MBS.
| Munich Business School | Public German Universities | |
|---|---|---|
| State Accreditation | ✔️ | ✔️ |
| FIBAA | ✔️ | ❌ |
| Accreditation by the German Council of Science and Humanities | ✔️ | ✔️ |
| AACSB | ✔️ | ❌ |
| AMBA | ❌ | ❌ |
MORE INFO?
If you would like more information about the rankings and accreditations of Munich Business School, please visit our dedicated page.
Rankings and Accreditations of MBSThese are the companies that regularly work with Munich Business School students.
210
6 Semesters + Bachelor's thesis
German/English
Full-time Study
Bachelor of Arts (B.A.)
Integrated
Built-in
February & September
Interested in the details? This detailed description of the course of studies for the Bachelor International Business at MBS, where you can choose to specialize in “International Finance” and thus receive an optimal Financial Management Studies, provides you with the details you need.
Pick 1 out of 6:
Pick 1 out of 6:
Complete your first internship in the lecture-free period between the second and third semester
Pick 1 out of 6:
Feel more connected to the MBS community by actively participating in a variety of extracurricular opportunities.
20 ECTS from the field of international business studies at the partner university
Duration: 10 Weeks
In the International Innovation Management concentration, you will learn to manage innovation processes from the idea to marketing. You focus on customer needs, use market research and current methods such as design thinking. You will research technology trends and implement your own innovation projects in groups.
In this concentration, students learn the basics of market-oriented business management. The focus is on marketing & sales in the digital age. The course covers strategies such as market analysis, brand management and the optimal marketing mix, including market research and sales management. The goal is to secure long-term success on a national and international level.
In the International Finance concentration, students acquire in-depth knowledge in controlling, corporate finance and asset management for the global context. The focus is on modern methods and tools, including investment calculations, financing decisions, foreign trade financing and risk assessment on an international level.
In the International Procurement, Production and Logistics concentration, students learn to efficiently manage global supply chains. The focus is on optimizing the flow of goods and services in times of globalization and digitalization. The aim is to supply end customers on time, cost-effectively and in high quality.
In the International Human Resources Management and Leadership concentration, students acquire in-depth knowledge of strategic human resources management at an international level. The focus is on the role of employees as critical success factors, as well as on topics of leadership and development of employees.
Deepen your accounting knowledge from the first part of the MBS program and learn, for example, about the structure, concept and elements of accounting according to IFRS.
Feel more connected to the MBS community by actively participating in a variety of extracurricular opportunities.
Select from the following languages: Arabic, Russian, French, Chinese, Spanish, German
Pick 1 out of 3
Pick 1 out of 3
Choose a seminar that matches your concentration and prepare yourself optimally for your bachelor thesis.
Further individualize your studies and deepen the areas you are particularly interested in, such as:
At the end of your studies, you will understand the importance of ethical decisions in the business world, which has been addressed in different courses in all semesters. Regardless of the level – company, leader or individual - ethical behavior in the sense of our MBS value act responsible is crucial!
Select from the following languages: Arabic, Russian, French, Chinese, Spanish, German
Duration: 10 Weeks
Last but not least: Writing your Bachelor Thesis.
"There is an appropriate balance of subjects with hard and soft skills, with important courses such as finance and equally important courses such as agile management or resilience management. Depending on your focus, you can dive deep into different areas.
The mandatory 30-week internship provides a good balance to the theory."
E. on StudyCHECK
A financial management degree program imparts a wide range of knowledge, perspectives and skills that are important for working in the financial market. Here are some typical course contents:
✓ Fundamentals of Business Administration: This includes introductions to various business concepts and principles.
✓ Accounting and Financial Reporting: Here you will learn how to prepare and analyze balance sheets, P&L statements, and cash flow statements.
✓ Financial Mathematics: You will learn the mathematical basics of interest rates, bonds, stock valuation, and investment calculations.
✓ Investment Analysis: This includes evaluating investment opportunities, portfolio management, and risk analysis.
✓ Financial Management: You will learn how to manage corporate finances, create budgets, and make financial decisions.
✓ Banking and Capital Markets: Here you will learn about banking, how capital markets work, and financial instruments.
✓ Taxation and Tax Law: This covers the fundamentals of taxation at a personal and corporate level.
✓ Risk Management: You will learn how to identify and minimize financial risks, whether in business or at a personal level.
✓ Financial Ethics and Compliance: This covers financial ethics and financial compliance issues.
✓ International Financial Management: This covers the financial dimension of global business activities.
✓ Credit management: You will understand how credit is granted, evaluated and managed.
✓ Business valuation and mergers & acquisitions: This includes the valuation of companies and the process of mergers and acquisitions.
A degree in Financial Management opens up a variety of career opportunities in different industries. Alumni are in demand because companies always need professionals who can make sound financial decisions and optimize economic processes. Here are six professions that are particularly attractive after Financial Management Studies:
Controllers are responsible for planning, managing and monitoring financial processes in companies. They analyze key business figures, create financial reports and help ensure that companies operate efficiently.
Financial analysts evaluate company and market trends, analyze investment opportunities and support companies or investors in making financial decisions. They often work in banks, investment companies or for large companies with their own finance departments.
This profession is about identifying, analyzing and minimizing financial risks for companies or financial institutions. Risk managers often work in banks, insurance companies or large corporations to ensure their financial stability.
Auditors check the financial reporting of companies, audit annual financial statements and ensure that companies comply with legal requirements. They work either in specialized auditing companies or directly in large companies with their own audit department.
Those interested in personal financial planning can work as financial or investment advisors. In this role, you will help private individuals or companies to optimally invest their capital, minimize risks and build long-term wealth.
The investment industry is about raising capital, mergers and acquisitions, and providing strategic financial advice to companies. Investment bankers usually work in large banks or financial services companies and help clients make important economic decisions.
DID YOU KNOW?
To find out more about the professions of Investment Banker, Controller, Risk Manager and other Business Studies professions, visit:
Business Administration Jobs| Prerequisites | Salary |
|---|---|
| Entry-level positions | about € 45.000 - 65.000 per year |
| Mid-career level | about €65.000 - 100.000 |
| Executive level | about €100.000 - 250.000 + |
| Industry | Industry-dependent – e.g. higher in Banking & Investment |
| Location | Higher in metropolitan areas like Munich or Frankfurt |
| Experience | In most cases, the more experience, the higher the salary |
| Qualifications | In most cases, the more qualifications, such as a master's degree, the higher the salary |
DID YOU KNOW?
After an MBS Bachelor's or Master's degree, you can also take up all these professions abroad without any problems.
A Financial Management Studies program typically takes three to four years to complete for a Bachelor's degree. If you opt for a master's degree, an additional one to two years will be added, depending on the specific program length and your individual course of study.
At Munich Business School, you can study Financial Management in the Bachelor International Business with a focus on International Finance. After 3 years you will graduate. In the Master's program, you can choose our new Master's program Master in Finance, which will start in 2024. The duration of this program is 1.5 years.
In Financial Management Studies, one acquires knowledge and skills to manage financial aspects in businesses and organizations. This includes topics such as budgeting, investment analysis, risk management, financial reporting and strategy development. You'll learn how to make smart financial decisions and manage business challenges. Read more in the text above.
After completing a Financial Management Studies degree, there are numerous career opportunities open to you. You can work as a financial analyst, portfolio manager, corporate financial manager, tax advisor, risk manager, or in other financial professions. You can also work in a variety of industries, including banking, consulting, investment, insurance and more. Your career opportunities are varied and depend on your interests and skills. Read more about career opportunities above.
With a Bachelor's degree in Financial Management, you can, for example, pursue a Master's degree to further deepen your financial knowledge. The new Master's degree in Master in Finance at Munich Business School is ideal for this purpose.
You can also start your career directly after a Bachelor's Program as well as after a Master's Program. In addition, your financial knowledge can be useful in your private life. Budgeting, saving and financing options play a major role in many areas of life and events, such as weddings, buying real estate or securing a pension.
Financial management is the discipline that deals with the efficient management of financial resources in companies and organizations. It involves analyzing cash flows, creating budgets, making investment decisions, assessing risks, and planning long-term financial goals. The goal of financial management is to ensure the financial health of a company, maximize returns and ensure liquidity. It plays a critical role in business management and is of great importance in various industries.
Financial Management Studies is career-enhancing because it gives you skills that are in demand in many industries. You'll learn how to effectively manage finances, create budgets, analyze investments and evaluate risk. These skills are invaluable in the corporate world, banking, consulting and many other fields. A degree in Financial Management opens doors to a wide variety of career opportunities and can help you advance faster in your career.
You should study Financial Management because it gives you the skills and knowledge to make smart financial decisions, whether in your personal life or in the business world. With this degree, you can learn how to create budgets, make investments, evaluate risks, and achieve financial goals. This is important not only for your own financial security, but also for a successful career in many fields, including business management and consulting. It allows you to develop a sound understanding of money matters, which is invaluable in today's economic world.
The exact requirements for Financial Management Studies can vary from one university to another. Nevertheless, there are some general requirements that usually apply:
You must have the required university entrance qualification or equivalent in your country. This can be a high school diploma, a specialized baccalaureate or something equivalent.
Since Financial Management involves mathematical concepts such as financial mathematics and investment analysis, strong math skills are often expected. Some programs may even require specific math exams as part of the admissions process.
If the degree is offered in English, a good command of English may be required, possibly through TOEFL or IELTS test proof.
You usually have to submit a study place application, which often includes certificates, a curriculum vitae and, if applicable, letters of recommendation or motivation.
Some countries and colleges require entrance exams to assess your suitability for the program. These exams may be based on math, general knowledge, or financial topics.
Some colleges may conduct an interview as part of the admissions process to assess your motivation and suitability for the program.
It is important to note that the exact requirements may vary from university to university. Therefore, it is advisable to check with the respective universities about the specific admission requirements and the application process. In many cases, you can find this information on the university's website or contact the university's admissions office directly.
Successful Financial Management Studies requires certain strengths and skills to successfully navigate the complex financial concepts and tasks. Here are some key strengths that are beneficial in a Financial Management Studies program:
✓ Analytical Skills: You should be able to analyze data, interpret financial reports, and solve complex financial problems.
✓ Mathematical competence: Since Financial Management involves mathematical calculations such as interest rates, investment valuations, and budgeting, strong mathematical skills are an advantage.
✓ Critical Thinking: You must be able to critically examine financial information, test assumptions, and make informed decisions.
✓ Problem Solving Skills: The ability to identify financial challenges and develop workable solutions is critical.
✓ Teamwork: Many professional environments in finance require you to work effectively in teams and collaborate with colleagues.
✓ Organizational skills: Financial Management requires accurate planning, budgeting and time management to be effective.
✓ Decisiveness: You must be able to make sound financial decisions and weigh risks under pressure.
✓ Ethics and integrity: financial managers must act ethically and take responsibility for their financial decisions.
✓ Communication Skills: You must be able to communicate complex financial information in an understandable manner, both orally and in writing, whether in reports, presentations, or discussions.
✓ Interest in Business and Finance: A basic interest in business and financial topics can help you stay motivated and immersed in your studies.
It is important to note that not everyone needs to have all of these strengths from the start. Many can be developed and improved during the course of study. A willingness to work hard and hone these skills is often as important as initial talent.
DID YOU KNOW?
Munich Business School is offering a new degree program since 2024 that focuses on Financial Management, called Master in Finance, to deepen your financial knowledge from the Bachelor International Business.
How to study
Financial Management?
| Option | Description |
|---|---|
| Bachelor's Degree Programs | You can pursue a bachelor's degree in Financial Management at a college or university. These programs usually last three to four years and provide a basic apprenticeship in Financial Management and related subjects. |
| Master's Programs | After earning a bachelor's degree, you can pursue a master's degree in Financial Management or a related field. Master's programs offer in-depth knowledge and allow you to specialize in specific areas such as financial analysis or corporate finance. |
| Online degree programs | There are also many online degree programs and distance learning programs in Financial Management that allow flexible learning from home. These programs are particularly suitable for working professionals or students who do not live near a university. |
| Part-time programs | Some colleges offer part-time programs that allow you to work and study at the same time. These programs are ideal for those who are already working in the financial industry and want to improve their skills. |
| Dual degree programs | Some universities offer dual degree programs, where you simultaneously earn a bachelor's degree and gain practical work experience at a company. This allows you to combine theory and practice. |
| Continuing Education and Certificate Courses | If you already have a degree but want to deepen your knowledge of Financial Management, you can also consider continuing education programs or certificate courses in financial topics. These courses are often shorter and more focused than degree programs. |
Choosing a degree option depends on your individual goals, your current level of education, and your career situation. It is important to research carefully and select the program that best fits your needs and goals.
The job description of a Finance Manager includes responsibility for the financial health of a company or organization. Finance Managers are responsible for planning, controlling and monitoring finances. Their responsibilities include budgeting, investment analysis, liquidity management, risk assessment, financial reporting, and developing financial strategies. They work closely with other departments to make financial decisions that support the long-term goals and success of the company. Finance Managers must have a deep understanding of financial markets, taxes, and legal regulations and adhere to ethical standards in their financial decisions.
What are the tasks of
a Finance Manager ?
| Tasks of a Finance Manager | Description. |
|---|---|
| Budgeting and Planning | Preparation of financial budgets and long-term financial plans for companies or departments. |
| Financial Reporting | Preparation of financial reports, including balance sheets, income statements, and cash flows. |
| Liquidity management | Ensuring sufficient liquidity to meet ongoing business activities and obligations. |
| Investment Analysis | Evaluating investment opportunities to make informed capital allocation decisions. |
| Risk management | Identifying and assessing financial risks and developing strategies to minimize risks. |
| Capital Raising | Raising capital through borrowing, issuing stock, or other financing methods. |
| Financial Strategy Development | Developing and implementing financial strategies to support business objectives. |
| Tax planning and compliance | Tax planning and ensuring tax compliance. |
| Business Valuation | Valuing businesses or assets for mergers, acquisitions or valuation purposes. |
| Internal financial management | Overseeing internal financial processes and ensuring compliance with financial policies. |
| Customer or Investor Relations | Communicating with customers, investors and analysts to provide information on financial performance. |
| Financial Advisory | Advising companies or individuals on financial decisions and strategies. |
The duties of a Finance Manager vary depending on company size, industry and position. In larger companies, a Finance Manager may have specialized responsibilities, while in smaller companies the role may be broader.
