Finance, Accounting, Controlling and Taxation (FACT)
Master of Arts (M.A.)
The consecutive course of studies is based on the closely intertwined disciplines of Accounting, Controlling, Corporate Finance and Company Taxation. As a continuation of the relevant Bachelor studies, complex subject matter of the said specialist fields of Business Administration is imparted in an interactive context, special value being attached in the process to the interdisciplinary connections. Amongst other things, the four core disciplines of the FACT Master course of studies are accompanied by events on such topics as company law and quantitative methods. This course of studies is suitable for persons who have undertaken at least two of the relevant disciplines as the focus of their Bachelor studies and who would like to significantly extend the knowledge acquired therein and explore it in greater detail.
|Faculty||Faculty of Business and Economics|
|Degree||Master of Arts (M.A.)|
|Start||Winter semester 2018/19 (1 October)|
|Duration||3 Semesters (or 4 semesters, if a period of practical training is included)|
Graduates of the "FACT" course of studies are awarded the internationally recognized qualification "Master of Arts" (M.A.). The studies qualify the graduates to take on demanding, branch-overlapping specialist and management duties in nationally and internationally active companies. Thanks to the scope of the financial spectrum mediated, graduates are extremely well prepared for deployment in medium-sized businesses and in large enterprises, particularly in consulting companies. Furthermore, the qualification opens the way to higher service in the field of public administration (in accordance with the joint decision of the conference of ministers of the interior and the conference of ministers of education).
The course of studies embraces a basic study course in the 1st semester and an in-depth course in the 2nd semester. The 3rd semester is reserved for the concluding work and the final oral examination.
If a period of practical training is included, the course of studies is extended from three to four semesters.
In terms of the methodical approach, the courses are characterized by seminar-oriented instruction. One main focus is on work involving case studies. In this way the application and exploration of the knowledge acquired is trained in the context of problems arising in practice.
|Language of Instruction||German and English|
|Practical Semester||Students who acquire less than 210 European Credit Transfer System [ECTS] points in their basic course of studies must obtain the missing credit points by way of an integrated period of practical training, for which 30 ECTS points are available, at the end of the theoretical phase and before completion of studies. Students who have obtained 210 ECTS points in their basic course of studies and have already concluded a period of practical training can undertake a (further) period of practical training on a voluntary basis. Students who obtain no ECTS points during their basic course of studies (mostly non-EU applicants) need not complete a period of practical training.|
Admission Requirements and Selection Procedure
- Bachelor degree or equivalent qualification
- At least 210 ECTS points (applicants with 180 credit points must acquire an additional 30 credit points from an integrated period of practical training, i.e. the Master course of studies is extended by one semester)
- Very good knowledge of English, at least corresponding to level B2 of the Common European Reference Framework for languages recommended by the European Council (TOEFL iBT 87, IELTS 6.0, CAE, etc.)
- Very good knowledge of German, at least corresponding to level B2 of the Common European Reference Framework (CERF) for languages recommended by the European Council (Deutsches Sprachdiplom Stufe 2 / TELC B2). This applies only to applicants who do not have German nationality, whose native language is not German or who have not concluded Bachelor studies in German.
- Proof that at least two of the four relevant study subjects – Accounting, Controlling, Corporate Finance and Company Taxation – were concluded in the previous course of studies
- A letter of motivation (in English)
- Curriculum Vitae (in English).
NC (numerus clausus) procedure
|Applicants with a German university-level degree||15.04.–15.06.|
|Applicants with a foreign university-level degree||15.04.–30.05.|
Fees and Grants
|Semester fee||Please click|
|Grants||It may be possible to apply for a BaföG grant.|