Study programs are listed under their official names (usually in German, English in some cases) titles on the left. WS/SS indicates whether the program commences in the winter or summer semester.
Accounting and Finance - Master
Restriction on admission
Regular duration of study
Language of instruction
German and English
Recent observations clearly underline the need for high-quality education, combining analytical skills in financial risk management with professional knowledge in internal and external accounting. This Master program therefore rests on two pillars, Accounting and Finance, featuring an integrated analytical approach to graduate education in these fields.
Knowledge taught in this program is of great importance in several fields of business that rely on risk management and an understanding of how incentives determine managers‘ behavior in both financial and non-financial firms. In addition, profound knowledge in both Accounting and Finance is necessary in a more general economic context, for instance when coping with the difficult task of regulating financial markets.
The scope of our M.Sc. in Accounting and Finance thus reaches far beyond the limits of these two fields of business.
Reflecting the integrated approach of the program, the curriculum requires students to take a minimum of one course from each of the two pillars of Accounting and Finance. This paves the ground for specialization with advanced field courses in either Accounting or Finance. Alternatively, students may choose a more balanced portfolio of advanced courses in both fields. The courses offered cover analytically challenging fields, such as Continuous-Time Derivatives Pricing, Advanced Corporate Finance or Managerial Accounting. Other courses focus on institutional aspects pertaining to corporate governance and auditing, or managing corporate taxation. Importantly, the program includes theory and application of empirical methods, such as advanced time series analysis, as employed in the practice of empirical banking or in institutions aiming at international financial stability.
Admission is subject to a competitive selection procedure that includes individual interviews with faculty members. Shortlisted candidates from overseas will be interviewed in a video conference.
Application deadline: 15 May.
Interviews with shortlisted applicants are scheduled for early June.
Letters of admission will be sent out by late June.
Our programs start at the beginning of October.
We publish all news concerning the application process on our website so you can stay in the loop.
Admission to the M. Sc. in Accounting and Finance requires a Bachelor’s degree in Business Administration or Economics with excellent grades, preferably a degree that amounts to 210 ECTS credits. Students entering with a 3-year Bachelor’s degree (amounting to 180 ECTS credits) are required to earn 30 additional ECTS credits in order to obtain a Master’s degree. Applicants are expected to have solid intermediate level knowledge in Accounting, Finance and Quantitative Methods (Math and Statistics).
The program is free of tuition fees for all EU residents. The state of Baden-Württemberg has introduced fees for international non-EU students and second-degree students. For background information and for fee exemption options, please refer to this link.
Applicants must be fluent in both English and German.
Foreign applicants must demonstrate their abiliy to study in German by submitting one of the following two certificates: DSH-2 or TestDaF 4*4*4*4. Applicants with a German Bachelor Degree do not need to provide proof of their German language skills.
Graduates have excellent career prospects across a wide range of fields in financial institutions such as banks and insurance companies, in auditing firms, management consulting, industrial firms and the public sector. They will be attractive candidates for all positions that require institutional knowledge, analytical skills and/or expertise in empirical research.
Graduates of this program will also find themselves well-positioned for an academic career. If you are interested in continuing your education with a pertinent Ph. D., you may complete your M. Sc. in Accounting and Finance on a Ph. D. track. This effectively puts you on a fast track to a doctoral degree or Ph. D.
Completing this track requires you to obtain 18 ECTS credits from Ph. D. track courses that take students to the frontier of academic research. Moreover, you will need to fulfill the Master thesis requirement by writing an academic paper that may serve as the starting point of your Ph. D. thesis.
BWL, Wirtschaftswissenschaft, Betriebswirtschaftslehre, international, Bankwirtschaft, Finanzen, Börse, Rechnungslegung, Wirtschaftsprüfung