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    Masters in Global Finance

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    Master of Science in Global Finance (M.Sc.) in Germany

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    Why study finance? Higher education as Finance Leader

    Finance is one of the most attractive employer markets for business economists. The prerequisite for your career in the capital market, however, is a deep understanding of its interrelationships, processes, and actors. By studying Global Finance (Master of Science), you lay the foundation for your career in international companies and groups. As a manager in senior management, you will acquire in-depth specialist knowledge of finance over four semesters, language skills in English as the language of instruction and another language, as well as competence in team leadership.

    Economy meets capital

    In the master’s programme “Global Finance” you will acquire in-depth knowledge in business administration and finance. Your university education will focus on seminars on “Business Economics”, “International Investment” and “Values Based Management”.

    Global Finance Master's at a glance

    • ECTS 120
    • Semester 4
    • Language English
    • Type of Study Full-time
    • Degree Master of Science
    • Campus Cologne
    • Internship Integrated
    • Semester Abroad Optional
    • Start of Studies Cologne Winter
    • Study Fees Cologne* 5.370 €
    FINANCIAL AID
    RANKINGS & ACCREDITATIONS

    *The displayed prices are semester fees. For non-EU students' fees please check the tuition fees information page. Status: March 2022.

    Study Course Plan

    Some information about the study plan for the study programme Masters in Global Finance:

    General business teaching units

    Business Economics3 ECTS ? !

    • Demand analysis & estimating demand

    • Supply and market equilibrium

    • Production economics

    • Cost analysis

    • Estimating cost functions and production functions

    • Economies of scale

    • Prices, output and strategy in different markets

    • Game theory models of oligopoly

    • Pricing techniques and analysis

    • Government regulation

    Empirical Research Methods3 ECTS ? !

    • Quantitative and qualitative methods

    • Development of a research question

    • Steps of research process

    • Methods of data collection

    • Sampling

    • Data analysis using statistical software programs (SPSS or R)

    • Writing a research report

    Data Science3 ECTS ? !

    • Machine learning, AI and neural networks

    • Information visualization

    • Big Data and statistical methods for big data analysis

    • Data mining

    • Database systems (e.g Hadoop, Kubernetes)

    Business Intelligence3 ECTS ? !

    • Introduction in Business Intelligence

    • KPIs and Dashboards

    • Report definitions

    • Multidimensional Modeling

    • OLAP

    • Data warehouses within a company infrastructure

    • Interfaces and ETL

    • BI Software Products

    Programme specific teaching units

    Global Finance3 ECTS ? !

    • Foreign exchange and eurocurrency markets

    • Managing operating exposure to currency risk

    • Foreign market entry and country risk management

    • Multinational capital structure and cost of capital

    • Real options and cross-border investment strategy

    International Investments3 ECTS ? !

    • World trade and international monetary system

    • Treasury management of international transactions

    • Cross border capital budgeting

    • Corporate governance and international market for corporate control

    International Financial Accounting3 ECTS ? !
    Management Accounting3 ECTS ? !

    • Managerial accounting and global business environment

    • Cost term, terms and classifications

    • Systems design: Job-order costing

    • Systems design: Process costing

    • Cost-volume-profit relationships

    • Sustainability and ethics in accounting decision making

    Interdisciplinary competencies

    International Project Management2 ECTS ? !

    • Social competence: Communication, motivation, groups and team structures, leadership, conflict management

    • Methodological competence: Structural aspects, time management, cost management, human resource management, creativity and problem solving

    • Organisational competence: Quality management, documentation, risk management, project start and closure

    Language & Communication Skills2 ECTS ? !

    The “Scholarly Writing and Analysis” course is offered for German native speakers. German as a foreign language is offered as an obligatory course for Non-native German speakers.

    General business teaching units

    Corporate Social Responsibility3 ECTS ? !

    • Cornerstones of sustainable management

    • CSR as management approach

    • Practical approaches of organizational effectiveness

    • Tools for CSR implementation

    • CSR and financial performance

    • Life cycle assessment

    Corporate Governance3 ECTS ? !

    • Historical developments around the world

    • Directors and board structures in different parts of the world

    • Family business governance

    • Role of institutional investors

    • Corporate governance in mergers and acquisitions

    • Socially responsible investments

    • Corporate governance in different regions

    Programme specific teaching units

    Applied M&A & Restructuring3 ECTS ? !

    • Corporate strategy evaluation and development of strategic options

    • Emergent and prescriptive approaches

    • Gap closing strategies

    • Buy strategies: Mergers and Acquisitions

    • Build strategies: Strategic renewal, organic corporate development strategies

    • Ally strategies

    Business Simulation Game (finance-specific)3 ECTS ? !

    • Market analysis

    • Developing a business plan

    • Capital procurement (loans, venture capital)

    • Human resource planning and capacity utilisation

    • Business valuation

    • Fundamentals of investment appraisal

    • Fundamentals of internal and external accounting

    Sustainability & Biodiversity in Finance3 ECTS ? !
    Behavioural Finance3 ECTS ? !
    Fixed Income Securities3 ECTS ? !
    FINTECHs & Digital Finance3 ECTS ? !
    Business Project6 ECTS ? !

    The overall objective of this course is to provide students with possibility of applying their business knowledge on concrete business situation, related to the field of their specialization.

    By the end of the module students should be able to:

    • Define project goals for the “client”.

    • Work under the set timeframe and agreed project scope.

    • Cooperate in the international project teams.

    • Evaluate markets/ industries/ competitive landscapes.

    • Develop possible strategic directions for the “client” business.

    • Formulate recommendations.

    Interdisciplinary competencies

    Financial Fraud and Ethics2 ECTS ? !

    • Financial fraud and its manifestations

    • Ethics in finance

    • Alternative Banking Models like those of Triodos and GLS Banks

    • Alternative business models like those of KIVA and BOVESPA

    • Alternatives to growth models

    • Alternative investment products like Social Impact Bonds

    • Impact Finance and Micro Finance

    • Understanding the alternative Indices and their shortcomings

    • Rating Agencies and soft factor scores.

    General business teaching units

    International Economics3 ECTS ? !
    Advanced Financial Analysis3 ECTS ? !

    Programme specific teaching units

    Empirical Analytics for Finance3 ECTS ? !
    Risk Management in Capital Markets3 ECTS ? !
    Business Valuation3 ECTS ? !
    Portfolio/Asset Management3 ECTS ? !
    Venture Lab4 ECTS ? !
    Integrative Case Studies3 ECTS ? !
    Business Simulation Game3 ECTS ? !
    Master Thesis Tutorial2 ECTS ? !

    During the Master Thesis Tutorial you will learn the fundamentals for your Master thesis: Defining the topic as well as structuring the thesis and you will learn the theoretical knowledge for scientific working.

    Interdisciplinary competencies

    Programming & Modelling 2 ECTS ? !

    • Introduction to Python (modulisation)

    • Coding in Python (data assignment/updates, data types, )

    • Solving iterative problems (understanding and creating loops)

    • Making decisions (understanding and creating selection statements)

    • Working with structured data (strings, lists)

    • Documenting

    • Testing

    • Debugging

    Programme specific teaching units

    Internship or Study Abroad10 ECTS ? !

    You can choose between an internship (lasting at least eight weeks) or a semester abroad at one of our partner universities.

    Master Thesis18 ECTS ? !

    During your 4th semester you are working on your Master thesis. You have 19 weeks to complete your thesis and the subject is freely selectable. A supervisor from CBS will support you and you can write the thesis in collaboration with a company as well. Or you can write your thesis in connection with a stay abroad.

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    Internationally oriented studies

    What analyses are required to assess risks? How can optimization potentials be determined in financial processes? These and other questions are dealt with in the seminars “Global Finance” and “International Investment” during your first semester. Starting in the second semester, the focus will be on topics such as Advanced Financial Accounting and Empirical Analytics for Finance.

    Core competencies in “Mergers & Acquisitions”

    The merger of two companies and the acquisition of business units are typical transactions in the international business environment. The entry into new sales markets and company growth often occurs through such M&A activities. Before this happens, however, it is necessary to evaluate the takeover candidate. During the first three semesters of the master’s programme “Global Finance” you will learn the tools for due diligence in the seminars “Empirical Research Methods” and “Applied M&A and Restructuring”.

    What are the requirements for a master's degree in Global Finance? 

    Graduates with the first degree in business administration can qualify for the master’s programme if they have advanced knowledge of English. Basic knowledge of finance is an advantage.

    What can you do with a degree in Finance? Career start made easy

    After graduating, you will have many opportunities in the world of finance – from a management position in medium-sized organisations, to investment banks, to multinational corporations. With your master’s degree, you also have the admission requirement for a doctorate.

    Build up your expertise with a graduate degree

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    Practical knowledge as an advantage

    Do you wish to make business contacts during your studies? At CBS International Business School, this is possible through practice-oriented teaching content such as Business Projects and an eight-week internship at home or abroad. In addition, your lecturers from the private sector will prepare you for the demands of everyday working life. You will deepen your business English skills in foreign language training and apply them during the English lectures. You can write your master’s thesis in the fourth semester as part of a project with a practical partner or at one of over 120 partner universities.

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    Got any questions? We are happy to help!

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    E-Mail: study@cbs.de
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