Master in Management | Finance (M.Sc.)

Part-time Study Program

Part-time Master in Management | Finance: Building business-ready skills at the crossroads of strategy and finance

HHL’s part-time Master in Management | Finance offers the perfect balance between advancing your career and furthering your education. Designed for working professionals, this program combines flexible scheduling with world-class education, allowing you to apply cutting-edge financial knowledge directly to your job. The program combines academic excellence with key insights on practical challenges and prepares you for senior and executive roles by boosting your skills in strategic and financial decision-making.

At a glance

  • Degree: M.Sc. | 90 ECTS
  • Location: Leipzig, Cologne or Munich | Finance Elective: Leipzig
  • Language: English
  • Start: September
  • Duration: 24-30 months | weekend structure & 4 residential weeks
  • Application deadline: June 30
  • Eligibility: Bachelor degree in a business-related program, 3 months work experience
Two female MBA students from HHL.

Five Reasons for HHL’s Part-time Master in Management | Finance

  • Connect Strategy and Finance: Gain deep insights into corporate finance, asset pricing, and financial data analytics while building up your management competencies and strategy skills. 
  • Excellence & Innovation: Combine excellence in finance with entrepreneurial thinking and an open mind for innovation, preparing you for the dynamic challenges in finance.
  • Flexible Schedule: Our unique weekend structure (Friday afternoon 4 p.m. to Sunday afternoon 5 p.m.) allows you to continue working full-time while advancing your education.
  • Theory Meets Practice: Engage in lectures that bridge theory with real-life applications, including case study seminars, guest lectures, and workshops led by top-tier practitioners.
  • Global Experience: Take your education global with an optional term abroad at one of our 140 partner universities—at no extra tuition cost.

The HHL Part-time Master in Management | Finance: Program Overview

Time Schedule Part-time Master in Management | Finance

Year 1Year 2
Residential weeks1 introduction week in Fall, 1 residential week in Spring2 residential weeks (Fall and Spring)
Weekend courses7-8 course weekends in Leipzig, Cologne or Munich, Friday 04:00 p.m. - Sunday 5:00 p.m.7-8 course weekends in Leipzig, Cologne or Munich, Friday 04:00 p.m. - Sunday 5:00 p.m.

    1. Welcome Weeks

    Where your HHL adventure starts!

    Regardless of the study location you select, your part-time Master program will kick-off with the Welcome Week on the HHL campus in Leipzig. The Welcome Week offers a plunge into the HHL spirit. Through a range of intercultural team-building activities, you will embark on your unforgettable HHL adventure. You will get to know classmates from all our programs and from all corners of the world and lay the foundation for a powerful network of connections that will support you not only through your studies but long after. You will be welcomed into the HHL community, getting to know the faculty and the HHL team that will support you through all aspects of the program and far beyond.

      2. Finance Prep

      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

        3. Essentials

        Essentials: Lay the foundation

        This is where you start your HHL journey and interweave with our school´s DNA. At HHL we educate our diverse classes in many dimensions. We provide the essential 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.

        .

        Essentials (10 ECTS)
        Integrated Case Study - Finance, Reporting, Strategy, Marketing, Logistics (7 ECTS)Economics (5 ECTS)
        Problem Solving & Communication (5 ECTS)Negotiation (5 ECTS)
        Ethics & Sustainability (5 ECTS)Leading Yourself & Self-Reflection (3 ECTS)

          4. Elective Essentials

          Elective Essentials: Top it up!

          You decide which capstone suits you best for completing the Essentials of the program. Do you want to collect international experience, prepare for an entrepreneurial adventure or gain insights into coding and data science? The choice is yours.

          International Macroeconomics (5 ECTS)Entrepreneurship (5 ECTS)
          Value Chain Management (5 ECTS)Additional Options: International Study Trip / Open Course / Study Abroad (5 ECTS)
          Coding & Data Literacy (5 ECTS)*

            5. Finance Focus

            Finance Focus: Become an expert that stands out!

            Our Finance Focus curriculum is carefully composed in order to educate and shape exceptional future leaders in Financial Management.

            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 work?

            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.

            Financial Decision MakingAdvanced Financial Challenges
            Financial Analysis & Modelling (5 ECTS)Entrepreneurial Finance (5 ECTS)
            Corporate Valuation and Mergers & Acquisitions (5 ECTS)Financial Instruments & Asset Pricing (5 ECTS)
            Capital Market Theory & Investments (5 ECTS)Advanced Corporate Finance & Taxation (5 ECTS)
            Risk Management of Corporations (5 ECTS)Case Study Seminar with Finance Executives (5 ECTS)

              6. Master Thesis

              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.

              Master theses in finance (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.

              Successful theses in finance were published in (exemplatory)

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

              Best HHL Master Thesis in Private Equity

              Our Center for Corporate Transactions & Private Equity (CCTPE) in cooperation with Palero Capital also awards the best master thesis in private equity each year.
              In our HHL Blog we regularly present interesting master theses. Look out for the Research Briefs.

                International Experience

                Studying abroad: The world is calling!

                From New York to Paris, Stockholm to Moscow, Beijing to Hong Kong, Singapore to Rio de Janeiro: your dream of exploring the world, getting to know new countries, learning about new cultures and establishing international contacts can finally come true at HHL! Most part-time programs don’t allow this kind of international experience, but at HHL you are able to opt for a term abroad at one of our 140 partner universities. And this has proven to be a very popular option – 30 percent of our PT MiM students choose to study abroad for a term. We support you throughout the process – from choosing the partner university that most benefits your future career plans to organizing the exchange and even throughout your stay abroad.This international experience is your opportunity for personal development and for establishing a global network that will accompany you through your career.
                Our partner universities!

                Our Class Profile

                50-60

                Total class size

                ~20

                Students in the Finance class

                25

                Average Age

                21-30

                Age range

                3 years

                Average work experience

                50

                Number of companies represented

                Boost your career with HHL’s part-time Master in Management | Finance

                The Part-time Master in Management | Finance at HHL fast-tracks your career. Prioritize the advancement of your career without losing the stability of your current position. Become that business development manager, that business analyst, that consultant or that executive assistant to the CEO – our university level, part-time Master in Management program will open up entirely new career opportunities for you.

                #1
                For graduates' salaries in Europe

                Financial Times Masters in Management Ranking 2024

                54%
                Average salary increase after graduation

                HHL Üart-time Master in Management Employment Report 2023

                #4
                Career Service worldwide

                Financial Times Masters in Management Ranking 2024

                It’s an easy climb up your career ladder with our HHL Career Service

                In a recent Financial Times Master in Management Ranking, our Career Development Team was ranked 4th worldwide! This is no coincidence, as our experienced psychologists and career experts have long perfected the mix of 1-to-1 coaching, personality tests, workshops and other tools. They help you discover what unique skills and strengths set you apart. Together, you will tailor a personal career plan to significantly increase your prospects and reach your career goals successfully and rapidly.

                Career Service

                We will be at your side throughout your job search. Our Career Development Team will:

                • check your CV
                • prepare you for interviews, recruiting processes and salary negotiations
                • put you in touch with alumni in the business sector you aspire to enter
                • strengthen your capacities
                • share effective methods to make the job market work for you
                • provide access to job postings and exclusive recruiting events on campus with leading companies.

                With passion and commitment, and our famous personal touch, we pave the way for your success and help you land that dream job!

                  What our alumni say

                  Livia Jansen-Winkeln | COO | Deep Neuron Lab

                  Courses in Finance at HHL have always opened new perspectives – going beyond my banking background – to me. The program offers the opportunity to qualify in Corporate Finance for new career challenges independent of industries, but also to learn specific skills, e.g., financial modelling, that help you grow in your current job.

                  Livia Jansen-Winkeln
                  COO | Deep Neuron Lab

                  Leipzig, Cologne or Munich: The choice is yours!

                  Three fantastic cities with the perfect infrastructure provide maximum flexibility for completing your tailor-made Finance Program successfully. All modules of the Essentials are available at your location of choice. And if you happen to miss a course at one location, you are welcome to catch up at another one. All modules of the Corporate Finance Focus are usually taking place in Leipzig and in some cases at the other study locations. You will also have the opportunity to bond and network with your fellow PT MiM classmates from all locations during our residential weeks on the HHL campus in Leipzig.

                  Take your next step up the ladder today!

                  Start your application without the HHL Entry Test or GMAT

                  Our student community is a carefully selected collegial network of motivated peers.  We not only take hard facts into consideration, such as bachelor grades or HHL Entry Test/GMAT but also your career development to date, your personality, your motivation and your career goals. Whether you have a FH, BA or University degree, your chances of being admitted into the Part-time Master in Management | Finance at HHL are the same!

                  Is HHL right for you? Are you right for us? Let’s find out together! We look forward to receiving your application.

                  Free Profile Check  Further application information

                   

                  Benefit from our Early Bird discount. Apply by November 30.

                  We are looking forward to your application.


                  Tuition Fees and Financing Options

                  The PT MiM | Finance improves your career prospects and increases your chances of a sizeable salary upgrade. Our statistics showcase this; HHL PT MiM graduates earn an average of 54 percent more than before their studies! The investment in your future is therefore definitely worth it!

                  Tuition fees

                  Tuition fees for the part-time Master in Management program amount to EUR 37,500 whether you choose to complete the program in 24 or 30 months. 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

                  The tuition fee covers all HHL’s teaching services, as well as course materials. Catering at study locations is provided. If selected, the optional term abroad at one of our partner universities is also included in this amount. Only accommodation and travel expenses are not covered.

                  And keep in mind:
                  Your tuition fees are tax-deductible as an anticipated income-related expense. Check out our brochure (in German) for tips. Please contact your own tax consultant for further details.

                  *In order to receive the early bird discount, you must have submitted 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).

                    Payment terms

                    Pay your tuition fee step by step!

                    After you have been admitted to HHL, we ask that you make a down payment of EUR 3,000 to secure your place in the part-time Master program. The remaining costs will have to be paid in two instalments at the beginning of the first and second study year. Quarterly payments are also possible upon request.

                    Do you have any other questions regarding tuition fees and financing? Contact us straight away. We’re happy to help.

                      Scholarships

                      We gladly support you in financing your studies. Various financing options are available. We also offer scholarships for particularly committed and outstanding applicants. How do you obtain a scholarship? Win us over not just with your excellent academic record but also with your personality.

                      Scholarships Overview