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Master's programme

International Finance HWR Berlin (Berlin School of Economics and Law)

Duration
3 semesters
Language of instruction
English
Tuition fees
No tuition fees
Next application deadline
15 May 2027 (winter semester)
Language level required
English: B2
German: None

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Programme overview

Quick facts

Degree
MSc
Duration
3 semesters
Intake
Winter semester
Joint degree / double degree programme
No
A Diploma supplement will be issued
Yes
Combined Master's degree / PhD programme
No

Language of instruction

English

English (100%)

Programme description

The Master's programme in International Finance at the Hochschule für Wirtschaft und Recht Berlin (HWR) is designed for students from Germany and abroad. Applicants are expected to have a Bachelor's degree or equivalent qualification and the requisite basic knowledge of finance. The Master's programme comprises advanced finance courses. It highlights the international perspectives of finance, is particularly practice-oriented and modern. The programme focuses equally on corporate and capital market finance. A focus is on asset and risk management as well as on qualifications around fintechs and sustainability. The international orientation of the programme is matched by the cosmopolitan nature of the student body. Graduates of the Master's programme in International Finance will have acquired extensive expertise to effectively take on demanding financial management tasks in a variety of sectors.

Programme structure

The first and second semesters move from foundation modules to specialised, in-depth studies. The third semester is reserved for researching and preparing the thesis. If a student takes a placement, the programme extends from three to four semesters. Teaching is entirely in English, giving students an opportunity to sustainably improve their comprehension and speaking skills in an English context. This approach also reflects the standard requirements for applicants hoping to work in international companies.

Classes are conducted in a combined lecture/seminar format in which students are expected to play an active part. Case studies form a major part of teaching, since this allows the acquired expertise to be applied to real-life issues and problems in practice. The language of instruction is English.

Modules and classes throughout the course of study:

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*
  • Issues in Financial and Non-Financial Reporting*
  • One elective from the "Master's pool"
  • Tutorial seminar

*To be chosen: three out of four courses

Third semester:

  • Research seminar
  • Master's thesis
  • Final oral exam

Mode of study

  • Fully on-site

International elements in the curriculum

The curriculum of this study programme includes international elements that support global perspectives and cross-cultural learning:

  • Training in intercultural skills
  • Specialist literature in other languages
  • International comparisons and thematic reference to the international context

Application and admission

Application period(s)

Winter semester

Applicants from Applications begin Application deadline
EU countries
15 March 2027
15 May 2027
Non-EU countries
15 March 2027
15 May 2027
Information on application periods

Academic admissions requirements

Applicants must fulfil the following requirements:

  • Bachelor's or equivalent degree
  • Evidence specifically of having completed undergraduate modules in basic lectures in Capital Market Finance, Corporate Finance, Statistics
  • Internship (at least six months), referring to financial topics – if not shown, an internship can be done during the third semester. In this case, the programme will be extended from three to four semesters.
  • At least 210 ECTS = European credit points (Applicants with 180 ECTS will be required to obtain the additional 30 European credit points by completing a placement in the third semester. The programme will then last four semesters).
  • Proof of English proficiency
  • CV and letter of motivation in English.

In addition, if applicable:

  • Proof of work experience in the field of studies if you have worked for at least one year (showing the content and period of employment)
  • A GMAT/GMAT Focus with a score above 600 points – with a GMAT/GMAT Focus, no extra English proof has to be submitted.

Language requirements

Please check all requirements directly with the respective higher education institution.

German language requirements

German: None

English language requirements

English: B2

Accepted certificates include
Certificates Minimum result
TOEFL iBT (before 2026)
Total: 89 / 120
Reading: 18 / 30
Listening: 17 / 30
Writing: 17 / 30
Speaking: 20 / 30
IELTS Academic
Total: 6.5 / 9

How to apply?

uni-assist

You can apply via uni-assist, the application processing service for international students.

Click here

Costs and funding

Tuition fees per semester

No tuition fees

Semester contribution

Approx. 350 EUR per semester

Cost of living

Between 800 and 1,000 EUR monthly:
Student residence: 400 to 500 EUR
Health insurance: approx. 100 to 150 EUR

Part-time employment

There are many job opportunities for students in Berlin. Non-EU students are permitted to work within specified limits.

Living & services

Accommodation

The German National Association for Student Affairs ("Studierendenwerk") and other institutions currently offer 15,600 rooms in student halls of residence throughout Berlin. Due to waiting lists, it is advised to get in contact with the service early on.

You can also look online for shared flats, e.g. here: www.wg-gesucht.de/en/.

Contact

Main contact

Department of Business and Economics

Address
Badensche Straße 52, 10825 Berlin
Email
E-mail

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Always know what comes next

Study Guide gives you a personal to-do list tailored to your background, qualifications and interests, so you always know what to do next.