Программа обучения International Finance and Economics

As demand for the MIFE program exceeds supply, applicants first have to pass through a rather competitive admission process which selects candidates based on their academic profile, achievements and suitability. 

The most important prerequisites are your Bachelor's degree and English language skills. 

In fact, no matter which nationality you hold, in order to apply you need a business/economics Bachelor of 210 ECTS with a focus on finance/economics. In case, your Bachelor degree earned you just 180 ECTS (3 years of study) you may have to take additional courses at our university to bring your ECTS points up to 210. 

1) Bachelor's degree

Bachelor's degree completed:

We require a first Diploma/Bachelor degree from a full business or economics program (focus on Finance/ Economics) with an average of 2.0 or better (according to the German grading system; we are using the Bavarian formula to convert your grade.) 

If your average is between 2.1 and 2.5 in the German grading system you have to participate and pass the General Management Admission Test (min. GMAT score 600), equivalent GRE or our own Master Admission Test. 

You are only allowed to take our Master Admission Test if you are residing in Germany. This test usually takes place two weeks after the application deadline. Information on the test can be obtained upon request or found in the FAQ section. 

Bachelor's degree not yet completed (min. 85% must be completed)

We require a first Diploma/Bachelor degree from a full business or economics program (focus on Finance/ Economics) with an average of 1.7 or better (according to the German grading system; we are using the Bavarian formula to convert your grade.)  

If your average is between 1.8 and 2.5 in the German grading system you have to participate and pass the General Management Admission Test (min. GMAT score 600), equivalent GRE or our own Master Admission Test. 

You are only allowed to take our Master Admission Test if you are residing in Germany. This test usually takes place two weeks after the application deadline. Information on the test can be obtained upon request or found in the FAQ section. 

2) English proficiency

Each student has to submit (independent of the educational background) a sufficient test result obtained in one of the internationally accepted English language tests mentioned below: 

• TOEFL (paper-based test): score 600
• TOEFL (computer test): score 250
• TOEFL (internet-based test): score 100
• TOEIC: score 820
• IELTS 7.0 (min. 6.0 in each test component)
• Cambridge Certificate in Advanced English Cambridge CAE Grade C or min. Cambridge English Scale score 180 / CEFR Level C1 or Cambridge Certificate of Proficiency in English (CPE) 
• A GMAT test does not waive the requirement for an English certificate! 

Exceptions: 

Native speakers from the USA, UK, Ireland, New Zealand, Australia or Canada. Please submit appropriate proof. If you received your complete higher education (at least 3 years) in an English taught program in the USA, UK, Ireland, New Zealand, Australia or Canada, the Admission Committee might accept your application without submitting an English test result .

3) Basic German language skills

We require a level that is equivalent to the A1  level of the Goethe-Institute (~at least 120 hours of lessons attended). 

4) Relevant practical experience

An internship in finance/economics of at least 20 weeks or practical work experience in finance/economics of at least 6 months needs to be proven. 

5) In addition, you may submit:

• Two personal references providing information about your academic qualifications and personal suitability (e.g. job references, recommendation letters)
• Motivation letter
• Copies (e.g. confirmation letters, if available) of professional or academic training/experience abroad

All documents have to be submitted together with a completed and signed online application form via postal mail (NO email!). Please make sure to submit officially certified copies, e.g. legalized by the German embassy/ public notary. 

You can only apply within the application periods.  The application period is from 02 May till 15 June (winter semester) and 15 Nov till 15 Dec (summer semester).       

Please also pay attention to our FAQs which might answer additional questions!