Admission Requirements and Procedures

MMF applicants should either hold or expect to have by the time of enrolment a Bachelor’s degree or equivalent in the area of Economics, Finance or in some related field. Exceptionally strong candidates with quantitative backgrounds can be considered, even if their field is not directly related to Economics or Finance.  At the time of application, applicants need to have valid GRE (or GMAT) and TOEFL (or IELTS) results which satisfy the minimum requirements below. 

Applications are filed online.

The following items are required for admission:

• Completed online application, including statement of purpose (no more than one page)
  
  
• Two letters of recommendation from university faculty members who have taught the applicant
  
  
• Evidence of English language proficiency for students whose native tongue is not English and who do not hold a degree or high school certificate from an institution with English as the main language of instruction.
  
  
  • TOEFL score at least 580 paper-based, 237 computer-based, 93 internet-based
    (The TOEFL institution code for for the Master in Money and Finance is "4258").
    
    
• IELTS (Academic Modules) with score at least 7.0.
  While documents can be scanned for application purposes, an original TOEFL/IELTS test score certificate has to be submitted prior to enrolment.
  Further information: http://www.ets.org/toefl/, http://www.ielts.org/

• GRE scores are required for all applicants that plan to enroll in MMF from October 2010 onwards. Applicants are required to take ALL parts of the GRE. A minimum score of 680 (old) or 153 (new) in the quantitative part of GRE is required for admission to the program. The GRE scores stated on the online application system need to match exactly the scores with the three parts reported on the official GRE score report. Please make sure you register to take the GRE test, so that you have the result by the time you submit your application. Further information: www.ets.org/gre/  
  (The GRE institution code for for the Master in Money and Finance is "4258"). 
  
  
• GMAT - Applicants who have not taken GRE can satisfy the minimum entry requirement if they have a total GMAT score of at least 650.
  
  
• Degree certificates/diplomas as well as an official transcript of course grades (with official translations in English or German language, if relevant).
  Scanned copies are used for the application process. Originals or certified copies need to be submitted prior to enrolment..

• Note:
  There is an application fee for Non-EU applicants at 2011 which will be paid through our online system

              EU Applicants:                               No application fee
              Non-EU applicants:                      70 Euro
              Chinese applicants with APS:  25 Euro

Application Deadlines
Prospective students are encouraged to apply as early as possible.

First round closing date: March 15 prior to the Winter semester of intended enrolment.
Following this first application deadline, applicants may be notified of early (conditional) acceptance, rejection, or postponement of the decision until the second round is also completed.

Second round closing date: May 1 prior to the Winter semester of intended enrolment.

Final closing date: July 15 prior to the Winter semester of intended enrolment.

Applicants are STRONGLY encouraged to apply before the May 1 deadline. This is especially true for applicants who need more time to prepare for enrolment in the program (e.g., non-EU applicants who need a visa to enter Germany), as we cannot guarantee that there will be sufficient time for complicated arrangements to be made after we issue offers to applicants in the third round. Applications submitted after the July 15 deadline will not be considered.

The maximum number of students that will be enrolled in the MMF program is 45.