Financial Management - essential skills for every industry
1. In a nutshell
Master program: Financial Management
Degree: Master of Business Administration (MBA)
Program structure: Fulltime
Program start: winter semester (October 1)
Requirements: A bachelor’s degree (or higher) in the field of Business Administration or an equivalent entrance qualification, TOEFL Test, work experience of two years or more.
Accreditation: accredited by FIBAA 2016
Language of instruction: English (no German language proficiency required in the main courses)
Tuition fees: 2,350 EUR per semester
2. Structure of the Program
The MBA program Financial Management is a general management program with a specification on the fundamental principles of finance, accounting and budgetary control.
As the program is internationally oriented, it is especially open for foreign students; in the current class we have 27 different nationalities. German language skills are not required at the beginning of the program. In the first academic year, all classes are held in English; in the second year some electives might be also in German. German language classes are offered at various levels of proficiency or those with none or minor German language abilities. In order to fully exploit all potential opportunities for the internship in the third semester, it is strongly recommended to improve German language skills during the first year.
An internship is a key element of this program. In their internship, students practice the theoretical knowledge and skills obtained in the program, as well as bome familiar with German business life – especially with large sized “Mittelstand” companies and international corporations. The internship takes place during the third semester of the program and lasts about 20 weeks. German students (who have never studied or worked abroad) are required to do the internship abroad.
3. Course Contents
Core Subjects of the MBA-program are:
- Human Resource Management and Leadership
- International Accounting and Controlling
- International Tax and Legal Systems
- Intercultural Management and Ethics
- Business Policy and Strategy and international Marketing
- Information and Communication Systems
Specialization in Financial Management
- Fundamentals of Financial Management and Economics
- Corporate Finance and Financial Analysis
- Financial Markets and Institutions
- Treasury Management
- Risk Management
In addition to these core subjects, strong emphasis is placed on the development of students’ social competencies. Business simulation and project management play an important role in the MBA-program. After the internship in the third semester, students complete the MBA program at Coburg University with their master’s thesis.
4. Admission Requirements and ApplicationApplicants are required to have a bachelor’s degree (or higher) in the field of Business Administration with good results (2.5 on the German grading scale or a 2.5 GPA on a four-point scale) or an equivalent entrance qualification (such as the GMAT; Graduate Management Admission Test); work experience of two years in total is required.Applicants with a degree in a different field must have at least one year (out of two) of experience in the field of commerce.Applicants must also successfully participate in the selection procedure, which includes a subject related interview. Proficiency in the English language is also required (i.e. UNIcert® II, TOEFL 570, CBTOEFL 230, IELTS 6,5).Important dates Application deadline annually 15 June Program starting in wintersemester by October 1
DAAD scholarship applicants: The confirmation letter must be received fifteen days before the deadline for the DAAD application latest
Application for Master Program Financial Management
We recommend students to fill in the form in our homepage, print out, submit and send a signed hardcopy with all required documents by post.
- Completed official application form, printed out and signed
- two passport-size photos
- official certified copies of all Diplomas
- Original Transcripts of grades or official copies
- GMAT Scores (recommended)
- TOEFL/IELTS or UNICERT (for english language) Scores
- Copy of passport
Application for DAAD confirmation letter
For a DAAD confirmation letter applicants have to send these documents scanned by e-mail:
- Motivation Letter and Curriculum Vitae with photo
- Scanned Diplomas or scanned official certified copies
- Scanned Transcripts of grades or scanned official copies
- Scanned GMAT Scores (recommended) (institution code number for GMAT is 7450)
- Scanned TOEFL/IELTS or UNICERT (for english language) Scores (institution code number for TOEFL is 7450)
- Copy of passport
5. Job Perspectives
Most of the graduates (80% as of summer 2015) find their first position in Germany. Generally, our graduates are employed in internationally operating companies in Germany or abroad.
Typically graduates find a position in their expected discipline (Finance, Management Accounting, General Management, or similar fields) in international companies. Typical roles are: Finance Director, Financial Controller, Corporate Treasurer, Financial Analysis Manager, SAP Consultant, FX Manager, Risk Analyst or officer of the Banking Supervisory Authority.
Recently (2015), graduates have found positions at Deutsche Bank, Commerzbank, Deutsche Bundesbank, Société Générale, Raiffeisen Bank, SAP, Siemens, Henkel, Bosch, Brose, Linde Group, Opel, Volkswagen, Volvo, MAN, Nokia, E-on and Metro.
6. About Coburg University
As its English translation University of Applied Sciences and Arts suggests, a "Hochschule" is characterised by practice-related teaching and research as well as a strong practical bias. Its educational philosophy is designed to enable its students to apply their theoretical knowledge and methodological know-how to solving concrete problems in their professional careers. During their studies the students at Coburg University are systematically trained to develop those skills.
The practice-oriented approach to teaching is demonstrated by
- integrated placement semester
- the small size of classes allowing individual attention to be given to students
- the teaching staff’s wide range of practical experience
Unlike at larger universities throughout the world, you will not need binoculars in order to see your professor at Coburg University of Applied Sciences and Arts. Here, we offer you a first-class education with personal service. When you are moving to study in a different country, there are many things to consider. No need to worry, though! We will guide you through the most important steps in organizing your time at Coburg University: Our support for international students
7. About the City of Coburg
The former residence city of Coburg – small in size but unusually rich in architecture – is an ideal location for students who want to have a high quality of life as well as quality in learning in a comfortable environment. High-profile historical moments characterize the old city with its cozy café-lined squares. A unique park landscape connects the city center with the Veste, one of the most beautiful castles in Germany, and one of the places in which Martin Luther translated the Bible.
The 40,000 residents of Coburg are proud of their city and their university. They take part in the cultural and social life of the city; they sponsor foreign students and are interested in the work of design students presented at the DESIGN CAMPUS OPEN. Given Coburg’s architectural and scenic beauty, the fact that it has the second highest density of industry in Europe is surprising. There are a large number of medium-sized engineering companies and automotive suppliers – as well as a lively creative scene. And Germany‘s largest car insurer is headquartered here. The future has already begun in Coburg. Coburg was rated place 14 in the Prognos Future Atlas 2013. The professors and the students of the Coburg University of Applied Sciences and Arts are a part of this accomplishment.
Master of Business Administration (ID 18633)
- Business Strategy and International Marketing (5 CP)
- Electives 1-4 (12 CP)
- Financial Markets and Institutions (5 CP)
- German Intensive Course I (3 CP)
- Information and Communication Systems (5 CP)
- Intercultural Management and Ethics (5 CP)
- International Economics (5 CP)
- Corporate Finance (5 CP)
- Financial Management Accounting (5 CP)
- German Intensive Course II (3 CP)
- Human Resource Management and Leadership (5 CP)
- International Tax and Legal Systems (5 CP)
- Management of Projects and Business Simulation (5 CP)
- Internship (22 CP)
- Project Placement and Coaching Seminar (2 CP)
- Master Thesis (15 CP)
- Master Thesis Seminar (3 CP)
- Risk Management (5 CP)
- Treasury Management (5 CP)