International Programmes 2026/2027

Master's in Finance Master's in Finance

HHL Leipzig Graduate School of Management • Leipzig

Degree
Master of Science
Course location
Leipzig
Teaching language
  • English
Languages

Courses are held in English.

Full-time / part-time
  • full-time
Programme duration
3 semesters, 4 semesters
Beginning
Winter semester
Application periods
The following is valid for applicants from: non-EU countries
For the winter semester:
1 September - 31 May
The following is valid for applicants from: EU countries
For the winter semester:
1 September - 30 June
Combined Master's degree / PhD programme
No
Joint degree / double degree programme
No
Description/content

This curriculum is designed to provide students with a comprehensive understanding of finance, combining theoretical knowledge with practical experience to prepare them for careers in the financial industry.

Core Courses:

  • Finance & Accounting: Advanced Corporate Finance, Financial Accounting, Management Accounting
  • Quantitative Methods: Financial Mathematics, Statistics, Econometrics
  • Economics: Microeconomics, Macroeconomics
  • Law & Ethics: Business Law, Ethics in Finance
  • Leadership & Strategy: Strategic Management, Leadership Development​

Elective Courses:

  • Corporate Valuation
  • Mergers & Acquisitions
  • Private Equity & Venture Capital
  • Financial Markets & Institutions
  • Risk Management
  • Financial Modelling​

Practical Components:

  • Case studies
  • Company projects
  • Internships (optional)
  • Master’s thesis​
Course organisation

The Master’s in Finance is an intensive programme designed to equip students with advanced financial expertise and strong strategic decision-making skills. It is taught entirely in English and takes place on site in Leipzig, combining academic excellence with practical application.

The programme can be completed in two formats: a fast-track option in 15 months (90 ECTS) or an advanced track lasting 21–24 months (120 ECTS), offering additional flexibility and international exposure.

Programme structure:

Welcome Weeks The programme begins with dynamic Welcome Weeks, featuring activities such as a BBQ, dragon boat tour, and city-wide team rally. These experiences help students build connections and immerse themselves in the HHL community.

Finance Prep Optional blended learning modules allow students to refresh their knowledge in key areas such as accounting, business modelling, mathematics, and statistics.

Essentials Core courses cover management fundamentals, soft skills, and finance basics, including economics, problem-solving, negotiation, financial analysis, coding, and econometrics.

Finance Deep Dives Students tailor their expertise by selecting three specialised courses, such as corporate valuation, financing, alternative investments, capital markets, or reporting.

Case Study Seminar In this capstone seminar, students apply their knowledge to real-world financial cases and present their results to industry experts from firms such as EQT, Barclays, and BNP Paribas.

Master’s Thesis Students complete an independent research project, contributing to current topics in finance, with the potential for publication in academic journals.

The advanced track includes an integrated study abroad term at one of HHL’s 140+ partner universities, as well as at least one internship, with the option to complete up to three internships. This extended format is ideal for students seeking deeper practical experience and international exposure.

The programme prepares graduates for careers in investment banking, private equity, consulting, and financial management. Many courses are delivered in collaboration with leading companies, ensuring hands-on learning. In addition, students benefit from close personal support from faculty, providing individual guidance throughout their studies and during the Master’s thesis.

A Diploma supplement will be issued
Yes
International elements
  • Training in intercultural skills
  • Projects with partners in Germany and abroad
  • International guest lecturers
  • Integrated/optional study abroad unit(s)
  • Opportunities for students to work abroad
  • International comparisons and thematic reference to the international context
Integrated/optional study abroad unit(s)

The advanced track includes an integrated study abroad term at one of HHL’s 140+ partner universities.

Integrated internships

Internships are not mandatory in the fast-track version of HHL’s Master’s in Finance programme. However, students have the option to complete a voluntary internship before starting their Master’s thesis.

In the advanced track, one mandatory internship is included during the second year of studies. In addition, students have the opportunity to complete up to three internships in total, allowing for extensive practical experience.

Course-specific, integrated German language courses
Yes
Course-specific, integrated English language courses
No
Tuition fees per semester
The following tuition fees apply for applicants from: all countries
10,800 EUR
Tuition fees may vary
Tuition fees may vary depending on several factors. For an exact breakdown of costs, please check the programme website.
Tuition fee exemptions apply to
  • Scholarship holders
  • Early bird
More information on tuition fees
Please find more details on this website.
Semester contribution

312 EUR

Costs of living

Compared to other major German cities, the cost of living in Leipzig is relatively affordable. Students should budget approximately 800 to 1,000 EUR per month, which covers rent, food, local transportation, health insurance, and personal expenses. Rent in particular is quite reasonable, making Leipzig an attractive and budget-friendly place to study.

Funding opportunities within the university
Yes
Description of the above-mentioned funding opportunities within the university

HHL offers several early bird discounts and a variety of scholarships to support students in financing their studies.

Academic admission requirements
  • Bachelor’s degree in any field of study (ideally Business or STEM) with above average grades and at least 180 ECTS
  • Above average academic performance during both high school (Abitur) and Bachelor's degree
  • A competitive admission test score (HHL Entry Test or GMAT or GRE)
  • Very good English skills (see below)
  • Three or more months of relevant work experience by the programme’s start date
German language skills
No minimum language level required (proficiency assessment via test or interview)
English language skills
C1 required, please provide an official language certificate, e.g.:
  • TOEFL iBT Home Edition (before 2026): 95
  • Reading: 24
  • Listening: 22
  • Speaking: 25
  • Writing: 24
  • Cambridge English Qualifications: C1 Advanced
  • TOEFL Essentials: 9
  • Reading: 9
  • Listening: 9
  • Speaking: 9
  • Writing: 9
  • IELTS Academic: 7
  • TOEFL iBT Home Edition (since 2026): 5
  • Reading: 5
  • Listening: 5
  • Speaking: 5
  • Writing: 5
  • TOEFL iBT (since 2026): 5
  • Reading: 5
  • Listening: 5
  • Speaking: 5
  • Writing: 5
  • TOEIC: 850
  • Reading: 455
  • Listening: 490
  • Speaking: 180
  • Writing: 180
  • TOEFL iBT (before 2026): 95
  • Reading: 24
  • Listening: 22
  • Speaking: 25
  • Writing: 24
Application periods
The following is valid for applicants from: non-EU countries
For the winter semester:
1 September - 31 May
The following is valid for applicants from: EU countries
For the winter semester:
1 September - 30 June
Submit application via
Please check this website.
Possibility of finding part-time employment

Part-time jobs are possible alongside your studies, but since the programme is academically demanding, we recommend keeping work hours to a minimum.

Accommodation

HHL students have a variety of housing options in Leipzig. Many choose to live in student dormitories managed by the "Studentenwerk Leipzig", which offer affordable and conveniently located rooms. Others prefer shared apartments ("WGs"), which are very popular among students and provide a great way to connect with fellow students. For those seeking more privacy, small private apartments are also widely available throughout the city. Leipzig’s housing market is generally student-friendly, with a good balance of quality and cost.

Career advisory services and programmes for future professionals

HHL offers a highly active and personalised Career Service that supports students throughout their entire career journey. Services include CV and cover letter checks, one-on-one career coaching, and tailored guidance to help students define and achieve their professional goals. The Career Service also facilitates valuable connections with HHL alumni, top-tier companies, and recruiters through regular networking opportunities and career events on campus.

Support for international students and doctoral candidates
  • Welcome event
  • Buddy programme
  • Cultural and linguistic preparation
  • Visa matters
  • Help with finding accommodation
  • Support with registration procedures
General services and support for international students and doctoral candidates

International students can expect a welcoming and supportive environment at HHL. From day one, they benefit from a strong sense of community and close guidance throughout their studies. Each student is personally supported by the Student Affairs Manager and has direct access to professors and academic staff, ensuring that questions are answered quickly and individual needs are addressed. HHL’s international culture and personal approach help students feel at home and fully integrated from the very beginning.

HHL Leipzig Graduate School of Management

University location

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