Master in Finance (M.Sc.)

Kicking off a new life chapter at HHL

New students are welcomed with open arms during the vibrant Welcome Weeks. It’s more than just an introduction – it’s a celebration of #hhlspirit. From program introductions to on-campus adventures, these weeks forge friendships that span programs and continents. Events like the Welcome BBQ, an exciting dragon boat tour, the city-wide team rally and the Campus Games not only foster togetherness but also help to strengthen our unique HHL community.

Get fit for Finance

Our blended learning modules on the basics of studying finance allow you to self-assess your expertise, refresh acquired skills, and fill gaps. All modules are optional and can be taken according to your individual needs.

• Fundamentals of Accounting
• Business Modelling in Excel
• Mathematics and Statistics
• Fundamentals of Finance

Basics: Lay the foundation

This is where you start your HHL journey and take a deep breath of our school’s DNA. The “Basics” (30 ECTS) equip you with essential skills needed for success in your future career. First, you’ll enhance your problem solving & communication abilities and hone your negotiation skills. Next, you’ll expand your management expertise in one or two management courses of your choice. Finally, you’ll build a solid foundation in finance by completing two or three finance courses.

Finance Deep Dives: Become an expert that stands out!

Tailored to your interests, goals, and career aspirations, the Finance Deep-Dives (30 ECTS) offer the opportunity to specialize in the financial topics that best support your personal and professional development. You can select 3 out of 5 deep dives:

Applying your finance expertise to real-world challenges

The final capstone seminar (5 ECTS) will perfect your learning experience in the Master in Finance. On three intensive days, you will revisit key financial concepts, apply them to real-world practitioner cases, and present and defend them in front of a panel of finance experts. In previous years, senior industry professionals from renowned firms such as EQT, Barclays, BNP Paribas, Procter & Gamble, Roland Berger, and others have participated in the seminar, offering valuable mentorship and challenging students with their expertise.

Putting the theories into context

In your master thesis (25 ECTS), you will have the chance to make a valuable contribution to contemporary finance literature. By conducting an empirical study, developing a financial model, or creating a practice-oriented case study, you will address existing research gaps and provide new insights to the field. You will then present and defend your thesis in front of a committee, demonstrating your expertise and analytical skills. In certain cases, your thesis may even form the basis for potential publications in leading finance journals. In recent years, our students have successfully published their work in journals such as Qualitative Research in Financial Markets (Ranked B), Corporate Finance (Ranked D), and Die Wirtschaftsprüfung (WPg) (Ranked C).

To provide our students with insights into the diverse career paths available in the finance industry, we organize regular career events called “FinNights”. During these events, which take place 3 times a year on the HHL campus, 5 companies present themselves as potential employers with a short pitch. In an informal get-together that follows, students have the opportunity to talk one-on-one with company representatives and make valuable contacts. Past participating companies include Deutsche Bank, Barclays, BNP Paribas, Bridgepoint, Waterland, Oliver Wyman, Strategy&, and many others.

• 2024
  • Berlin, January 2024: Point Nine (Venture Capital), Antler (Venture Capital), KPMG (Deal Advisory)
  • Frankfurt, October 2024: Deutsche Bank, Bank of America, Morgan Stanley & Lincoln International (Investment Banking), Ardian & One Equity Partners (Private Equity), FTI Andersch (Consulting – Focus Restructuring), Accuracy (M&A and Dispute Consulting)

  2023

  • Frankfurt, September 2023: Deutsche Bank (Investment Banking), Nordic Capital (Private Equity), Ardian (Private Equity), Procter & Gamble (Consumer Goods), Morgan Stanley (Investment Banking), Danone (Consumer Goods)
  • Hamburg, September 2023: Grant Thornton (M&A Advisory)
  • Berlin, March 2023: N26 (FinTech), Antler (Venture Capital), KPMG (Deal Advisory), BCG (Consulting)
  • Frankfurt, March 2023: Rothschild (Investment Banking), One Equity Partners (Private Equity)

  2022

  • Berlin, April 2022: N26 (FinTech) and Antler (Venture Capital)
  • Munich, May 2022: FINN (Mobility) and Early Bird (Venture Capital)
  • Frankfurt, June 2022: Deutsche Bank (Private Banking) and Ardian (Private Equity)
  • Hamburg, September 2022: Grant Thornton (M&A Advisory)

The HHL Finance Case Challenges, held in collaboration with our esteemed corporate partners, offer a unique opportunity for Bachelor students with an interest in finance. They gain invaluable insight into the projects and working methods of leading companies, while also learning more about HHL and the content of our Master’s programs. The challenges also provide a platform for participants to expand their professional network and make valuable contacts.

Previous events:

HHL Finance Case Challenge, Leipzig Edition, November 2024

Topic: Corporate Valuation and M&A
Partners: Ardian and Oliver Wyman

HHL Finance Case Challenge, Berlin Edition, May 2024

Topic: Corporate Finance – “Make or Buy”
Partner: Deloitte

HHL Finance Case Challenge, Cologne Edition, January 2024

Topic: Restructuring and Transformation
Partner: Structure Management Partners

HHL Finance Case Challenge, Leipzig Edition, November 2023

Topic: Corporate Valuation and M&A
Partners: Ardian and Roland Berger

The tuition fees for the complete program amount to EUR 31,500. We offer a tuition fee reduction if you submit your complete application by the following Early Bird deadline*:

Early Bird: January 31 – Discount: EUR 1,500 

This fee covers all tuition and examination costs and, of course, does not have to be paid in one lump sum. You will pay your tuition fees in three installments, spread out over the study period. For further details, see our payment terms. One more important note: Your tuition fees are tax-deductible as an anticipated income-related expense. Check out our brochure (in German) on this topic for tips. Please contact your tax consultant for more information.

* In order to receive the early bird discount, you will need to submit your application by the above deadlines, as well as submit all missing documents and tests (including GMAT/GRE or HHL Entry Test) and successfully pass the HHL admissions interview until March 31.

Additionally, we support you in financing your Master studies. Aside from our range of financing options, we award scholarships to outstanding and particularly driven applicants.

How can you secure a scholarship? Convince us of your excellent record and your exceptional personality. Contact us to learn more, we will be happy to advise you!

Scholarship Overview

Pay your tuition fees in installments!

After being admitted to HHL, you are required to pay a down payment of EUR 3,000. The remaining fees will be paid as follows: the first installment is payable on October 1, the second installment on March 1, and the third installment on July 1.