Why MMF?

MMF is aimed at high-caliber graduates of Economics, Business, and related undergraduate programs whose goal is to prepare for professional careers in the banking and financial sector. The program is designed to utilize the strengths of Goethe faculty and their links to the wide array of financial institutions and practitioners based in Frankfurt, in order to provide academically sound and professionally relevant education. Its key objective is to put graduates in the best position to compete for highly rewarding jobs.

Practitioners in the banking and financial sector are faced, especially today, with new challenges, as they operate in a policy environment and they cater to needs of households and firms that are changing rapidly. In most European countries, the conduct of monetary policy is no longer the task of national central banks, but of a major new player, the European Central Bank. Monetary policy does not amount to ‘setting the money supply’, and the role of money in monetary policy is being debated on both sides of the Atlantic. Household finances are becoming increasingly complicated. Growing numbers of households participate in a broad array of assets and debts, undertaking considerable risk in their portfolios and having to provide more for their old age to meet shortcomings of ailing social security systems. Firms face the challenges and consequences of the new monetary policy regime and of globalization in product markets, factor markets, and in banking and financial services. Changing needs of households and firms have generated new challenges for the financial sector, in product development and marketing; and in provision and regulation of financial advice.

The Frankfurt MMF program is uniquely designed with such new challenges in mind.

1. It combines the fields of money, macroeconomics, and finance, providing graduates with a much broader toolkit than that offered by single-field Master’s programs in either economics or finance.


2. It is also broader than typical combined Master’s programs in economics and finance by placing greater emphasis on macroeconomic and monetary policy issues.


3. MMF is specifically designed to combine academic rigor with a focus on topical issues facing policy makers and financial practitioners, and is therefore best suited for students planning professional careers in the banking and financial sector.


4. The structure of the program combines regular core and elective courses with seminars and topical courses. Seminars provide hands-on experience, while topical courses are taught by high-level Frankfurt practitioners who share their experiences and insights with students.