Master in Management | Finance (M.Sc.)

Kicking off a new life chapter at HHL

New students starting their journey at HHL 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 help to strengthen our unique HHL community. Together, we forge bonds that last far beyond graduation and create a support network that is as diverse as it is sustainable.

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

Essentials: Learn what counts

This is where you start your HHL journey and take a deep breath of our school’s DNA. We do not only onboard your diverse class in what is essential in terms of hard skills but also develop your entrepreneurial spirit as well as your sense for teamwork and community. Moreover, we want to help you in becoming the best version of yourself by learning meaningful self-leadership frameworks and gaining awareness for the cross-functional abilities needed to excel in a modern business world.

Elective Essentials: Lay the foundation

While studying the Master in Management | Finance choose at least two out of the three highlighted modules to prepare for your thrilling ride through the world of finance and strategy. Beyond that, you can select two of the other offerings to dive into something new and to complement your existing skillset with new capabilities.

Practical experience at its best

Whether working with a company on a real-life problem, studying abroad or completing internships, the practical experience you gain, the connections and relationships you build will serve you far beyond graduation and equip you with an invaluable network. A selection of unique opportunities allows you to apply your newly acquired knowledge and skills:

Student Consulting Project

This is a once-in-a-lifetime opportunity to experience what it’s like to be a consultant. Your challenge is to collaborate in a team of four to six students to advise and support a company in solving a real-life problem. Working closely with both company representatives and HHL faculty, you will learn first-hand what it means to initiate real change.

Explore the most recent projects in our blog

Internships

Whether in investment banking, private equity or consulting; with an integrated internship we offer you the opportunity to gain practical insights into new sectors and diverse corporate cultures. This is your chance to gain new perspectives, contacts and experience according to your own unique career goals. In addition to the mandatory internship, you will have the opportunity to complete two additional internships.

Finance Focus: Become an expert that stands out!

The Finance Focus curriculum is carefully composed to turn you into an expert in the field by combining academic excellence with key insights into real-world challenges. While immersing yourself in the exciting world of Finance, we will make sure that you never lose the big picture on strategic implications and decision making.

Financial Decision Making

These modules convey important skills on financial markets, building portfolios, weighing risk and return, valuing investments, structuring M&A deals as well as hedging and insuring risk exposures. Beyond providing safe ground regarding the concepts, the courses focus on direct applications to real-life challenges.

The questions that are addressed span from: What are best-practices in financial planning and how to implement them? How do financial markets work and what are the implications for instruments being traded and market participants? How to insure or hedge against risks? How does an M&A process works?

Advanced Financial Challenges

Modules of this block transform students into experts in investing, financing and pricing assets. The modules provide recent academic advancements in the field and latest practical developments from industry. Students obtain the skills to price any claim they may ever face, enabling them to evaluate any investment, rationalize any risk management strategy, optimize capital structures and shape complex financing contracts.

Moreover, we give students the opportunity to place themselves in the ultimate test, a case study seminar with finance executives. In this capstone seminar, students work in groups towards solving a realistic case mentored, challenged and evaluated by a senior of one of our partner companies.

Putting the theories into context

Your master thesis – your way. Contribute to the discipline of corporate finance and beyond with a high-class empirical study, a well developed modelling approach, or a
practice-oriented case study.

The master thesis (15 ECTS) can be prepared twofold, in a classic thesis format or as a research paper. The latter offers the opportunity to get published in an academic or applied finance journal. Just in the last two years, theses of our students have been published in journals like Qualitative Research in Financial Markets (Ranked B), Corporate Finance (Ranked D) or Die Wirtschaftsprüfung (WPg) (Ranked C).

Successful theses in finance were published in (exemplatory)

• Qualitative Research in Financial Markets
• Corporate Finance or
• Die Wirtschaftsprüfung.

The world is your oyster at HHL!

International competencies are essential for successful managers, consultants, entrepreneurs and executives in an increasingly globalized world. This is why HHL prioritizes maintaining global partnerships. Whether it’s New York, Paris, Lima, Oslo, Singapore, Hong Kong or Sydney; a term abroad at one of our 140 global partner universities will give you an exciting change of perspective. The HHL team will guide you before, during and after your term abroad. Take advantage of this unique opportunity to explore new countries and new cultures and to expand your own international network.

One more option for you: An additional degree from one of HHL’s partner universities! Aside from your term abroad, you have the option of receiving an additional degree from one of our global network of partner universities. Don’t worry, there’s no need to decide on your international options just yet! And of course, your HHL team is here to support you!

About the double-degree option

Our partner universities with double degree options at a glance: 

• University of Adelaide, Australia
• INCAE, Costa Rica
• Aarhus University, Denmark
• Grenoble Ecole de Management, France
• ESC Montpellier, France
• ESC Toulouse, France
• Audencia Nantes, France
• EM Strasbourg, France
• Nagoya University of Commerce, Japan
• Universidad ESAN, Peru
• National Chengchi University, Taiwan

• Personality tests
• Career orientation workshops
• Self-leadership training
• Individual coaching
• Webinars

• CV & cover letter checks
• CV optimization software VMock
• Interview preparation
• Case study training
• Digital career center with talent bank
• Advice on salary negotiations
• Tips for the onboarding process

• On-campus company presentations
• On-campus interviews
• Alumni talks
• Company excursions
• Recruiting workshops
• Student consulting projects
• Yearly Career Day

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 37,500. We offer a tuition fee reduction if you submit your complete application by the following Early Bird deadlines*:

• Early Bird 1: November 30 – Discount: EUR 4,500 
• Early Bird 2: January 31 – Discount: EUR 3,000
• Early Bird 3: March 31 – Discount: EUR 1,500

This covers all tuition and examination costs and includes the tuition fees for the term abroad at one of our partner universities. And, of course, the fees do not have to be paid in one lump sum. You will pay your tuition fees in four instalments – spread out over two years. For further information, 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 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 January 31 (Early Bird 1), March 31 (Early Bird 2) or June 30 (Early Bird 3).

Additionally, we support you in financing your Master in Management 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!
Scholarships Overview 

Pay your tuition fees in installments!

After having been 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 and second installments are payable on October 1 and March 1 of the first study year. The third and fourth installments are payable on September 1 and March 1 of the second study year.