Avg. Cost of Study
The Master in Finance (MIF) program at WHU – Otto Beisheim School of Management is a prestigious and comprehensive graduate program designed to equip students with the knowledge, skills, and practical insights necessary to excel in the field of finance. Rooted in academic excellence and industry relevance, this program is a gateway to a successful career in finance.
At WHU – Otto Beisheim School of Management, the MIF program stands out for several key reasons. First and foremost is our unwavering commitment to academic rigor. The curriculum is thoughtfully crafted to encompass a broad range of finance topics, from financial markets and investment analysis to risk management and financial modeling. Our world-class faculty, composed of distinguished experts, ensures that students receive cutting-edge insights and practical knowledge.
Studying for a Master in Finance (MIF) at WHU – Otto Beisheim School of Management offers numerous compelling reasons that make it an excellent choice for aspiring finance professionals:
Academic Excellence: WHU is known for its commitment to academic rigor and excellence. The MIF program upholds these high standards, providing a comprehensive curriculum that covers a wide range of finance topics. This ensures that students receive a top-tier education that is globally recognized.
Practical Orientation: The program places a strong emphasis on bridging theory with practical application. Students benefit from real-world experience through internships, industry projects, and interactions with finance professionals. This hands-on approach equips graduates with the practical skills and insights needed to excel in the finance industry.
Global Perspective: WHU’s international environment fosters cross-cultural communication skills and offers a global perspective—an invaluable asset in today’s interconnected finance world. Collaborating with peers from around the world enhances the diversity of thought and enriches the learning experience.
Industry Connections: WHU maintains strong connections with industry leaders and finance practitioners. Students have access to networking opportunities, guest lectures, and career events, which can lead to internships and job placements in reputable financial institutions.
Innovation and Entrepreneurship: WHU’s focus on innovation and entrepreneurship equips graduates with the ability to think creatively and adapt to changing financial landscapes. This entrepreneurial mindset is highly valued by employers seeking innovative solutions in finance.
Avg. Cost of Tuition/Quarter
Avg. Living Cost/Quarter
The cost of the programme is approximately €37,200 for full-time.
Fees: In addition to paying tuition, students must also pay fees. These fees pay for a range of costs, including student government dues, technology fees, and health insurance for students.
Living costs: Living costs change based on the lifestyle and housing preferences of the student. For a single student living on campus, however, a conservative estimate of living costs is €12,000 each year. Housing, food, transportation, personal, and health insurance costs are included in this.
Supplies and books: The price of books Depending on the student’s course load and academic interests, the cost of books and supplies may vary. However, $500 each quarter is a fair estimate for books and supplies.
Transit: Depending on the student’s commute requirements and available transit options, the cost of transportation varies. However, $200 each quarter is a fair estimate for transportation.
Additional costs: Additional costs could include things like entertainment, travel, and presents. Depending on the student’s particular spending habits, the price of these expenses may vary.
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The Master in Finance (MIF) program at WHU – Otto Beisheim School of Management provides graduates with excellent employment prospects and a wide range of career opportunities in the finance sector. Several factors contribute to the program’s strong track record in terms of employment:
Academic Excellence: WHU is renowned for its academic rigor and excellence. Employers recognize the high-quality education provided by WHU, making graduates highly desirable candidates for finance-related positions.
Practical Orientation: The program’s emphasis on bridging theory with practical application equips graduates with the skills and knowledge that are directly applicable in the finance industry. Real-world experience gained through internships and industry projects enhances their employability.
Industry Connections: WHU maintains strong connections with industry leaders and finance professionals. Students benefit from networking opportunities, guest lectures, and career events, which often lead to internships and job placements in reputable financial institutions.
Global Perspective: WHU’s international environment fosters cross-cultural communication skills and provides graduates with a global outlook. The ability to work effectively in diverse and multicultural teams is highly valued in today’s globalized finance sector.
Innovation and Entrepreneurship: WHU’s focus on innovation and entrepreneurship equips graduates with a forward-thinking mindset. This skill set is in high demand as the finance industry continually evolves and seeks innovative solutions.
Location: Germany, where WHU is located, is a significant financial hub in Europe. The program’s proximity to major financial centers, including Frankfurt, provides graduates with access to a dynamic job market and internship opportunities in leading financial institutions.
Career Support: WHU offers dedicated career services and support, including job placement assistance, interview coaching, and resume-building workshops. These resources enhance graduates’ employability and help them secure positions aligned with their career goals.
Strong Alumni Network: WHU boasts a strong and active alumni network. Graduates have access to a community of successful professionals in the finance sector, providing valuable networking opportunities and potential career connections.
Bachelor’s degree from an accredited institution-
For Master in Finance Program, we seek Bachelor graduates with a degree in a business-related field of study, and graduates from STEM subjects with a strong quantitative background and first experience in finance-related areas, e.g. through electives, their thesis CFA, or practical exposure.
Proof of strong analytical and quantitative skills (GMAT/GRE)-
You should submit one of the following test scores by May 31, 2024:
Proof of English proficiency (TOEFL/IELTS)-
You should submit one of the following test scores by May 31, 2024:
Practical experience of at least 3 months and up to 4 years
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WHU – Otto Beisheim School of Management typically offers a variety of scholarships to support students pursuing the Master in Finance (MIF) program. While specific scholarship offerings and eligibility criteria may change from year to year, here are some common types of scholarships that students may have access to:
Merit-Based Scholarships: These scholarships are awarded to students who demonstrate exceptional academic achievements. High grades, outstanding test scores, and a strong academic background are typically considered for merit-based scholarships.
Need-Based Scholarships: Need-based scholarships are designed to support students who demonstrate financial need. Eligibility is determined based on financial circumstances, and applicants may need to provide supporting documentation to apply for these scholarships.
Diversity Scholarships: Some scholarships are aimed at promoting diversity and inclusion within the program. These scholarships may be awarded to students from underrepresented backgrounds, including those from different countries, cultures, or ethnicities.
Leadership Scholarships: Scholarships may be available to students who have demonstrated exceptional leadership skills and potential, both academically and in extracurricular activities or community involvement.
Alumni Scholarships: Alumni of WHU may have access to special scholarships or discounts when pursuing further education within the school.
Research or Project Grants: In some cases, scholarships may be awarded for specific research projects or academic initiatives. These grants are typically linked to a student’s proposed research topic or project idea.
You are eligible to apply if you have earned a Bachelor of Science in a similar science discipline, but you may be at a disadvantage compared to engineering majors who have applied. Please thoroughly review the requirements of the program in the MSME Graduate Handbook to help you decide if you are prepared for our program.
Yes. Students with a BS degree are eligible to apply to the PhD program.
You can enter all types of work experience in the Education and Experience section as well as detailing these experiences on your CV (Resumé).
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Once you are done with GMAT the entire application process usually take 4-6 weeks
GMAT / GRE Score
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3-4 weeks at least.
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School will notify you and give you roughly 1 week to schedule your interview. Ideally, start your prep ASAP and Do some mock interviews.