International Finance

Master of Science (M.Sc.)

The Master in International Finance at the Berlin School of Economics and Law is designed for students from Germany and abroad who are interested in an international and interdisciplinary programme in finance. Applicants are expected to have a Bachelor or equivalent qualification and the requisite basic knowledge of finance.


The Master programme comprises advanced finance courses enabling students to expand and deepen their theoretical and practical skills in both traditional and innovative financial management methods. The programme focuses equally on the two areas of corporate and capital market finance. Graduates of the Master in International Finance will have acquired extensive expertise in finance and the skills to effectively take on demanding financial management tasks in a variety of sectors.

Key Facts

Faculty Faculty of Business and Economics
Degree Master of Science (M.Sc.)
Structure Full-time
Start Winter semester (1 October)
Duration 3 semesters (4 semesters for students required to complete a placement)
Accreditation Foundation for International Business Administration Accreditation (FIBAA)
Programme Intake 35

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Career Prospects

The Berlin School of Economics and Law (BSEL) awards successful students of this programme the internationally recognised Master of Science (M.Sc.) degree. The International Finance programme is diversified and provides the skills to effectively take on a wide variety of challenging tasks in companies active in international markets and financial institutions. Furthermore the „Master of Science“ (M.Sc.) is recognised for qualifying graduates to apply for posts in the senior German civil service - in line with the joint guidelines agreed by the Standing Conference of the Interior Ministers of the Länder (Innenministerkonferenz) and the Standing Conference of the Ministers of Education and Cultural Affairs of the Länder in the Federal Republic of Germany (Kultusministerkonferenz).

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The first and second semester move from foundation modules to specialist in-depth studies. The third semester is reserved for researching and preparing the thesis. If a student takes a placement, the programme extends from three to four semesters. Teaching is entirely in English, giving students an opportunity to sustainably improve their comprehension and speaking skills in an English context. This approach also reflects the standard requirements for applicants hoping to work in international companies.


Classes are conducted in a combined lecture/seminar format where students are expected to play an active part. Case studies are a major part of teaching since this allows the expertise acquired to be applied to real-life issues and problems in practice.

Language of Instruction English
Location Berlin
Placement All students that cannot show a placement of at least 6 months in advance, have to undertake a placement during the third semester.
International Cooperation The Berlin School of Economics and Law (BSEL) has close contacts to all over the world.


1. Semester
  • Module 1: International Corporate Finance
  • Module 1: Econometrics
  • Module 3: Financial Economics
  • Module 4: Corporate Financial Theory and Policy
  • Tutorial seminar
2. Semester
  • Module 1: International Accounting *
  • Module 2: Financial Risk Management
  • Module 3: Management of International Asset Portfolios
  • Module 4: Master Studium Generale
  • Tutorial seminar
  • Elective: Special Issues of International Accounting *
3. Semester
  • Colloquium
  • Master Thesis
  • Research Seminar

* To be chosen: Either Modul 1 or Elective

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Applicants must fulfill the following requirements:

  • Bachelor's or equivalent degree in Business Studies
  • Placement (at least 6 months), referring to financial topics; if not shown, a placement has to be done during the third semester; the programme will then last four semesters
  • At least 210 European credit points (ECTS) (applicants with 180 ECTS will be required to obtain the additional 30 ECTS by completing a placement in the third semester, the programme will then last four semesters)
  • Evidence of modules in the following subjects during the undergraduate degree: Basic Lectures in Finance and Investment Theory, Corporate Finance, Macroeconomics (or comparable courses)
  • Letter of motivation in English
  • Curriculum Vitae in English
  • Excellent English skills proved by TOEFL – at least iBT 87, or IELTS – at least 6.0.
  • By providing a GMAT score of 600 Points or above, you can significantly increase your chance of admission (in this case an English proof is not necessary).

Admission Restriction

If there are more applicants than places, the programme follows a NC (numerus clausus) procedure.

Application Deadlines

Summer Semester Winter Semester
Applicants with a degree from a German university - 15.04.–15.06.
Applicants with a degree from a university abroad - 15.04.–30.05.

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Fees and grants

Tuition fee None
Matriculation fee
Grants Students may be able to apply for BAföG (German citizens) or DAAD (non-EU citizens) grant.

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Central Student Advisory
(for applicants)

Tel. +49 (0)30 30877-1254


Coordination (for students)

Kerstin Muhlack-Büchel
Tel. +49 (0)30 30877-1373