The MBA program Financial Management is a general management program with a specification on the fundamental principles of finance, accounting and budgetary control. The following areas are examined: the role of money and financial markets, financial analysis, the function of investment markets and decision-making techniques (including behavioral and information management tools) necessary for effective management of a company´s resources. The goal of the program is to provide students with the set of skills required for a CFO position.
The growing number of German “hidden champions” – small and midsized companies, often family owned – with increasingly international business and their corresponding opportunities and problems is a further element of the program. In addition to the theoretical and practical contents of the program relating to financial tasks of companies, strong emphasis is given to the development of student’s social competencies and intercultural skills.
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.
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.
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.
Applicants 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 for DAAD scholarship applicants
The confirmation letter must be received fifteen days before the deadline for the DAAD application latest.
- Fill in the application online
- print it out and send a signed hard copy with all required documents by post.
- Completed Application, printed out and signed
- two passport-size photos
- official certified copies of all Diplomas
- original transcripts of grades or official copies
- GMAT Scores (recommended) (institution code number for GMAT is 7450)
- TOEFL/IELTS or UNICERT (for english language) scores (institution code number for TOEFL is 7450)
- 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
Application for winter semester is possible until August 15th.
Tuition fees & Scholarship
Tuition fees for the four semester program are 7,800 EUR (or 1,950 EUR per semester). In addition, students are required to pay an enrollment fee of approximately 95 EUR every semester. If a fifth semester is required to complete the program, the tuition fee for this semester is 50% of the fee quoted above.
Coburg University does not offer scholarships for MBA students, but there are many organizations in Germany which provide scholarships for students from abroad. More information about German scholarships can be found at www.daad.de.
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.
Support for international students
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.
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Last updated December 13, 2017