Money, Macro and Finance (MSc) Goethe University Frankfurt

The Master's programme in Money, Macro and Finance (MMF) is an innovative joint venture of the Department of Money and Macroeconomics and the Department of Finance, both located in the new House of Finance on Campus Westend. The programme offers promising students from all over the world an intellectually stimulating and challenging setting in which to prepare for their professional careers in central banking, commercial banking, insurance, and other financial services. By being located in Frankfurt, one of the world's leading financial centres and the only city in the world with two central banks (the ECB and the German Bundesbank), it offers unique opportunities for interaction with practitioners. It has been designed with the vision of establishing itself both as a leading Master's programme integrating studies in monetary economics, macroeconomics, and finance and as a major gateway to high-profile jobs in the banking and financial sector.

The programme is structured as follows:

• Four fundamental modules (obligatory) provide the basic tools for advanced courses and thesis work.
• Three modules from Finance
• Three modules from Monetary Economics and Macroeconomics
• Two elective modules provide advanced specialised knowledge of various areas. Students choose their elective courses according to their future career plans.
• Two supplementary modules that apply academic theories to real-world problems are typically taught by practitioners.
• Two seminars (one in Finance and one in Monetary Economics and Macroeconomics) encourage students to conduct their own research as a preparation for the Master's thesis.
• One thesis seminar provides an opportunity for students working on their Master's theses to present their research and get useful feedback and guidance.
• The Master's thesis is a large research project. By writing their theses, students can demonstrate their ability to deal independently with a complex problem.

Voluntary internships abroad

MMF applicants should hold, or expect to hold by the time of enrolment, a Bachelor's degree or equivalent in the area of economics, finance, or in a related field.
At the time of application, all applicants need to have a valid GRE or GMAT test report. Furthermore, a letter of motivation is required.
To receive up-to-date information about admission requirements, please visit our website.

Goethe University charges an administrative fee of approx. 340 EUR per semester. This includes a ticket for public transport and free entrance to public museums. The "magic ticket" entitles you to use buses, trams, and the underground in Frankfurt and the surrounding area. You can even use the regional trains to travel to various other cities, e.g. Marburg, Giessen, or Mainz.

The cost of living in Frankfurt depends on personal requirements and lifestyle. However, students should expect minimum expenses of approx. 940 EUR per month. This calculation is based on the following items: 800 EUR for rent, food, clothing, and study materials, around 81 EUR for compulsory health insurance that is almost comprehensive, and approx. 60 EUR for the semester contribution (including free public transport).

In Frankfurt, 44,000 companies and organisations have approx. 450,000 employees on their payrolls. In addition, Frankfurt is the financial centre of Germany, with 350 banks, including the European Central Bank, 150 foreign banks, and the fourth-largest stock exchange in the world. Furthermore, Frankfurt is home to various cultural and research institutions. These are key players in a flourishing economy, offering students and graduates interesting jobs and internships. During your studies, there are plenty of job opportunities at Goethe University itself (e.g. as a tutor or research assistant), or you may look for jobs and internships elsewhere in the greater Frankfurt area. Some job opportunities are particularly interesting for students from abroad, e.g. at the airport and the trade fair. The "Studentenwerk" as well as the Career Services at Goethe University can help you to find a suitable offer.

Goethe University provides a well-developed career service and has a lot of interesting offers, some of which are even tailor-made for students from abroad.

Frankfurt am Main offers a wide variety of accommodation, from university dorms to privately rented apartments. The biggest providers of dorms are the "Studierendenwerk" (student services: https://www.swffm.de/) and churches.
The 19 dormitories offer more than 1,700 different accommodation units starting from 203 EUR per month for a single room to up to 450 EUR for a family apartment of 45 square metres.

We strongly recommend that students contact such organisations as soon as they receive their letter of acceptance to the programme, as these rooms are in high demand.