Program Content

Enjoy full freedom of choice!

The Master of Science in Betriebswirtschaftslehre allows students to choose modules according to their preferences. There are no mandatory courses!

Elective modules are the backbone of your master's degree. You can choose modules from the five specializations (see below) or selected modules from other master's programs. Which modules you choose is completely up to you and you are not limited to any specialization or field. 

Electives are usually lectures taught by our academic staff.

Apart from increasing your management knowledge, we want you to become responsible leaders and citizens. Thus, all students need to complete one elective module from the field of business ethics. Some of these modules are taught as lectures, some are seminar-like including student presentations.

In seminars you deepen your research skills as well as your business knowledge by focussing on a specific research question. Therefore, seminars prepare you for writing your master's thesis. 

Project seminars usually combine the teaching styles of a lecture with a seminar. Thus, you can do your own research but are able to concentrate even further on a specific research topic. Upon completion, you receive 12 ECTS.

Your master's thesis is your final scientific project for graduation. By writing your thesis you prove that you can master a research project independently and are able to apply your knowledge and skills aquired during your studies.

Plan of Studies

* Students who choose Finance as an area of specialization are strongly advised to take the mandatory modules "Capital Markets and Asset Pricing" as well as "Corporate Finance and Valuation" during the first semester.

** Instead of one seminar, students may choose one project seminar worth 12 ECTS. In this case, only 30 ECTS are required for completing a specialization.

Note: The elective module "ethics" does not have to be completed in this first semester.


Students can choose modules from the five fields listed below. If modules worth 36 ECTS an an additional seminar in a certain field are completed, this field is listed as a specialization on the final master's transcript. For the specialization "Finance" you need to complete the modules "Capital Markets and Asset Pricing" und "Corporate Finance and Valuation".

However, there is no obligation to specialize in a certain field.

You can choose modules from the following fields:

About the Deparment

The Department of Accounting offers an excellent education at a high academic level. The research and teaching topics include not only external accounting and controlling, but also auditing, corporate monitoring, company analysis and corporate taxes. Honorary professors and lecturers from leading auditing firms, such as Deloitte, Ernst & Young, KPMG and PwC ensure an insight into the world of practice. The Department also cooperates with SAP, Deutsche Bank, Daimler, as well as numerous international partner institutions, including Lancaster University, the Wharton School of the University of Pennsylvania and the NYU Stern School of Business.


  • Ausgewählte Probleme der Rechnungslegung: Bilanzrechtsprechung
  • Ausgewählte Probleme der Rechnungslegung: IFRS
  • Banking in the New Normal - Understanding the Changes to Bank and Risk Management
  • Besteuerung der Unternehmen
  • Controlling und Kostenanalyse
  • Corporate and Bank Governance: Theoretical Foundations and Empirical Applications
  • Grundlagen des internationalen Steuerrechts
  • Jahresabschluss und Jahresabschlussanalyse
  • Leitung und Überwachung der Aktiengesellschaft, praktische Einblicke und internationale Perspektiven der Corporate Governance
  • Performance Measurement, Incentives, and Executive Compensation
  • Prüfung internationaler Konzernabschlüsse
  • Unternehmensberichterstattung: Accounting and Reporting
  • Unternehmensüberwachung: Corporate Governance and Auditing

 * Not legally binding. You can find an overview of actually offered modules in the online course catalogue.

About the Department

As one of the world's leading financial centers, research and teaching in the area of finance has always been of great importance in Frankfurt. With its 15 chairs, the Department of Finance (located in the House of Finance) offers ideal conditions for outstanding further education in finance. The scope of its research and teaching in finance is unmatched in Germany. Numerous honorary professors and lecturers from the European Central Bank, KfW, Deutsche Börse Group and the large commercial banks ensure an education of relevance to the real world. In addition, the Department also cooperates with other institutions, for example, the Wharton School, a world-renowned business school.


  • Advanced Corporate Finance
  • Advanced Empirical Asset Pricing
  • Advanced Investment and Pension Finance
  • Aktuelle Themen in Wertpapierhandel und -abwicklung
  • Asset and Liability Management in Insurance Companies
  • Banking and Securitization
  • Banking Risk Management Frameworks
  • Capital Markets and Asset Pricing
  • Complex Networks - Methods and Algorithms
  • Corporate Finance and Valuation
  • Credit Risk Analysis in Structured Finance Applications
  • Derivate 2
  • Derivatives 3 - Numerical Methods for Derivative Pricing
  • Financial Systems
  • Hedge Funds and Alternative Investments
  • Mergers and Acquisitions
  • Microstructure of Financial Markets
  • Valuation of Financial Assets

 * Not legally binding. You can find an overview of actually offered modules in the online course catalogue.

About the Department

The rapid development of new information and communication systems and their spread has entailed far-reaching changes in society and companies. The Department of Information Systems and Information Technology analyses the advantages and application possibilities of information and communication technologies, and also develops and tests "proprietary" designs. The close contact with industry enables industry-relevant research and teaching in the areas of information management, data management, mobile business, E-Finance, and multilateral security. Research is conducted within the context of international projects, as well as at the E-Finance Lab (House of Finance), in collaboration with partners such as Accenture, Deutsche Bank, Deutsche Börse Group, Deutsche Telekom, Giesecke & Devrient (G&D), Hewlett-Packard (HP), IBM, Microsoft, Nokia Solutions and Networks, Postbank, SAP, T-Mobile, T-Systems and others.


  • Aktuelle Themen in Wertpapierhandel und -abwicklung
  • Brokerage and Standards in Securities Trading
  • Cloud Computing
  • Einführung in die Texttechnologie I
  • Einführung in die Texttechnologie II
  • Informations- und Kommunikationssicherheit: Infrastrukturen, Technologien und Geschäftsmodelle
  • Informationssysteme für das Management
  • Information Systems and Digital Strategy
  • Intelligente Methoden in der Wirtschaftsinformatik
  • Management betrieblicher Prozesse
  • Mobile Business I - Technology, Markets, Platforms, and Business Models
  • Mobile Business II - Application Design, Applications, Infrastructures, and Security
  • Netzwerkanalyse 2
  • Privacy vs. Data: Business Models in the Digital, Mobile Economy
  • Prozess- und Supply Chain Management
  • Research in Information Systems Engineering
  • Trading and Electronic Financial Markets
  • Wirtschaftsinformatik

 * Not legally binding. You can find an overview of actually offered modules in the online course catalogue.

About the Department

The Department of Management und Microeconomics at Goethe University is the first and only of its kind in Germany. Traditionally there is a strong divide between economics and management science, but we follow top US business schools in looking at common themes and combining methods from various disciplines. Our research focuses on markets and organizations. We look at strategic behavior of firms in the market, competition policy and regulation, entrepreneurship, organizational design, human resources, motivation and leadership.

Graduates with a focus on Management and Microeconomics mainly work in general management, in the consulting and financial industry, and in human resource and organizational development.


  • Advanced Management
  • Advanced Management Theory
  • Behavioral Economics of Organizations
  • Compensation and Benefits
  • Competition Economics
  • Corporate Development Strategies
  • Corporate Restructuring and Insolvency
  • Institutions and Innovation
  • Networks and Social Interactions
  • Organizational Economics
  • Quantitative Methods in Management Research

 * Not legally binding. You can find an overview of actually offered modules in the online course catalogue.

About the Department

With four chairs and two junior professorships, the Department of Marketing is the largest of its kind in Germany. The Department wants to help meet the ever-growing corporate demand for highly qualified marketing managers and market researchers, who have to take sound marketing decisions based on extensive data. Research and teaching focus on measuring the impact of marketing decisions, with the aim of determining the return on marketing investment.

The Department has research collaborations with numerous internationally renowned universities, including Stanford University, Penn State, Ohio State University, the University of Alberta, as well as Erasmus University of Rotterdam, the universities of Groningen and KU Leuven and the IESE Business School in Spain. There is also collaboration with corporate partners, such as Accenture, BearingPoint, Deutsche Bank, IBM, Microsoft, Postbank, SAP, Siemens and T-Systems.

The Marketing Department has agreed to use the statistical software R in their lectures. Therefore, R skills are required in some of the lectures. You can aquire the necessary skills in our R workshop or through self-study. The R workshop is only offered in the winter term and normally takes place before the beginning of the lectures (early October). You can receive learning material for self-study from the Master Counselling Service in the first week of studies via email.


  • Analytics in Customer Value Management
  • Analytics in Online Marketing
  • Applied Marketing Research Methods
  • Consumer Insights
  • Consumer Satisfaction and Consumer Choice
  • Chief Marketing Officer's
  • Innovationmanagement
  • Return on Marketing
  • Strategic Brand Analytics
  • Strategic Market Management
  • Strategic Sales and Account Management

 * Not legally binding. You can find an overview of actually offered modules in the online course catalogue.

Course Catalogue and Examination Regulations

The online course overview displays all modules taught in the respective semester.

You can find the course handbook and the examination regulations in the download section.