General Information
The Master’s Program in Money, Macro and Finance (MMF) at Goethe University Frankfurt offers a unique academic experience at the intersection of monetary economics, macroeconomics, and finance. This innovative program, taught entirely in English, is a joint initiative of the Department of Money and Macroeconomics and the Department of Finance, both located in the House of Finance, the university’s hub for cutting-edge research and teaching in these fields.
MMF provides ambitious students from around the world with a rigorous, analytically grounded education that equips them with the skills needed for high-impact careers in central banking, financial institutions, and international organizations. The program’s distinctive blend of macroeconomic and financial perspectives equips graduates with a comprehensive understanding of how markets, economies, and financial systems interact.
Located in Frankfurt am Main, one of the world’s leading financial centers and the only city globally that hosts two central banks, the European Central Bank (ECB) and the German Bundesbank, MMF students benefit from exceptional opportunities to engage with policymakers, financial professionals, and researchers. Through guest lectures, workshops, and potential collaborations with institutions in the city, students experience firsthand how academic insights translate into real-world applications.
If you are motivated to build a successful career in the dynamic world of monetary policy, finance, and macroeconomic research, we invite you to explore the MMF program and become part of a vibrant, international academic community.
Read more about our concept and vision.
Also, hear what MMF students think about the master's program.
Program at a Glance
| Regular duration | 4 semesters (2 years) |
|---|---|
| Maximum duration | 8 semesters (4 years) |
| Credits required | 120 ECTS credits |
| Start | Winter semester (mid-october) |
| Degree title | Master of Science (M.Sc.) |
| Language | English |
| Application period | January 2 - May 15 |
| Number of places | 40, limited admission |
| Obligatory courses | 4 |
| Tuition fees | none (only semester fee, approx. 350€ / semester) |
| Accreditation | AACSB |
MMF Team
The MMF Team brings together the academic leadership and program coordination of the Master’s Programme in Money, Macro and Finance. It ensures the academic quality of the program and supports students throughout their studies.
MMF Founding Program Director
Professor Michael Haliassos founded the MMF program in 2008 and served as Program Director from 2008–2013 and again from 2024–2026. In recognition of his lasting contribution, he holds the title of Founding Program Director and continues to advise the program on strategic matters.
