International Finance

  • Degree
    Master of Science (M.Sc.)
  • Type of study
    Full-time study
  • Standard period of study
    3 semesters without internship, 4 semesters with internship
  • Commencement of studies
    Winter semester (1 Oct)
  • Credits (ECTS)
  • Language of instruction
  • Department / Central Institute
    Department of Business and Economics

Degree programme

Study Info Day / digital on December 13

You want to apply for an an English-language Master's programme at the HWR Berlin? Then be welcome to our online event.

The HWR Berlin offers the consecutive, English-language master's degree program in International Finance, which is aimed at qualified bachelor's graduates from Germany and abroad. The advanced, innovative, practice-based teaching of the Master’s degree programme prepares its students for the real-world challenges by focussing equally on Corporate and Capital Market Finance. The program highlights the international perspectives of finance, is particularly practice-oriented and modern. A focus is on asset and risk management as well as on qualifications around fintechs and sustainability. The international orientation of the program is matched by the cosmopolitan nature of the student body. Graduates of the degree are well equipped with the skills requisite to addressing the complex issues with which their later careers will present them.

Selected students can pursue a double degree with ESC Rennes in France, whose master's degree in finance is highly regarded internationally.

Professional field

The master's degree program offers a broad spectrum of subjects and enables graduates to take on a variety of challenging tasks in internationally active companies and financial institutions. The feedback from graduates in our network confirms: They have first-class career prospects in Germany and abroad and are active in all areas of finance.

The qualification Master of Science (M.Sc.) also provides opportunities for service in the higher levels of German public administration.

Degree structure

Starting with an extended foundation in financial subjects in the first semester, the programme continues with specialist study in the second semester. The third semester is intended for the master's thesis and the final oral examination. Students who have not completed a minimum six-month internship during their undergraduate studies are required to perform this in the third semester. Students can also complete a voluntary internship in a foreign country or study for a semester at one of our numerous international partner universities. Both courses of action extend the degree from three to four semesters.

The teaching of all seminars in English enables students to develop their understanding of the language, thereby preparing them for an international career. Teaching is provided through seminars and makes use of case studies to practice the application of theoretical knowledge in a practical setting.

First semester

  • International Corporate Finance
  • Econometrics
  • Financial Economics
  • Corporate Financial Theory and Policy
  • Tutorial seminar

Second semester

  • International Accounting
  • Financial Risk Management *
  • Management of International Asset Portfolios *
  • Elective from the Master’s pool
  •  Current Issues in Finance and Technology *
  • Tutorial seminar

* To be chosen: 2 out of 3 courses

Third semester

  • Oral examination
  • The Master’s thesis
  • Research seminar
  • 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 ECTS credit points. Applicants with 180 ECTS credits will be required to obtain the additional 30 ECTS credits by completing a placement in the third semester (the programme will then last four semesters),
  • Excellent English skills proved by TOEFL – at least iBT 83, or IELTS – at least 6.0,
  • Letter of motivation and Curriculum Vitae in English,
  • evidence specifically of having completed undergraduate modules in basic lectures in Finance and Investment Theory, Corporate Finance, Macroeconomics,
  • By voluntarily 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)

Applicants with a degree from a German university:
Please, apply through our platform (which for technical reasons is only available in German)

Applicants with a degree from an university abroad:
Students with a Non-German Bachelor degree apply at uni-assist e. V.

Programmakkreditiert durch den Akkreditierungsrat

All information on the offered modules and lectures can be found on the online campus management system S.A.M. (Study Administration Management).

All regulations, forms and documents can be found in your faculty site.

Fees and grants

  • Tuition fees


  • Semesterfee

    ca. € 300 per semester (incl. local transport semester ticket)

Information for prospective students

Student Counselling Services

Admission and enrolment

Office for Applications, Admissions and Enrolment

Office hours:

Mon 14.00–16.00
Wed 10.00–12.00
Thu 14.00–16.00

Student advisory service

Department of Business and Economics
Kerstin Muhlack-Büchel
Student Office

Academic Director

Department of Business and Economics
Prof. Dr. André Tomfort
Professor of Financial Analysis and Management

Triple-Degree Cooperation with Triple-Accredited Rennes School of Business (RSB)

For more information: doubledegree(at)