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: B2German: None
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 (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
|
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
German language requirements
English language requirements
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 hereCosts 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/.