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Application Procedure at the ISM

To qualify for this M.Sc. program you first need to have successfully completed your first study program with a minimum study period of six semesters and have achieved a final grade

  • at a university or
  • an equivalent foreign higher education institution, and
  • you need to submit your application documents.

Additionally, you will have to take part in a multi-level admissions test (written and oral).

You must have at least 30 ECTS points for examinations in business or economics-related subjects.

Please register for the written admissions test either online or in writing using the application form. We will then write you to confirm your registration stating the date of your personal admissions test.

International applicants who require a visa for studying in Germany must submit their application documents by the 15. June of the same year.

Student Advisor Master´s Programs


You can also ask questions regarding your studies via WhatsApp: +49 151 41976803.

They will be answered from Monday to Friday 10:00-15:00 or the next working day at the latest.

Ramona Schulte Campus Dortmund & Hamburg
Ramona Schulte
+49 231.97 51 39-42
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Katharina Bruder Campus Frankfurt/Main & Cologne
Katharina Bruder
+49 69.66 05 93 67-45
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Errol Karkosch Campus Munich & Stuttgart
Errol Karkosch
+49 89.2 00 03 50-42
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Documents needed

We need the following documents from you:

  • Completed application form. We will send you an application form together with the informational material or after you have registered online for the admissions process. Alternatively, you can download our application form.
  • Resume. You need to send us your resume in table format.
  • Two passport photos. Please send us two recent original passport photographs in color (no prints please). You can hand them in until the start of your studies.
  • Letter of motivation. Please give us a concise summary (one A4 page at most) explaining why you would like to study at the ISM and why you think the Admissions Committee should accept your application (in English or German).
  • Degree certificate. Please submit an authenticated copy of your degree certificate (in English or German) no later than the enrollment date. If you have not yet been awarded your degree certificate when you apply to the ISM, please attach a recent overview of your grades in the examinations you have taken so far.
  • Proof of English language proficiency. You should prove your proficiency in the English language as follows:
    • English certificate (not older than two years), e.g. TOEFL (at least a score of 80, internet-based) or
    • at least 30 ECTS in an English-language higher education program or
    • a degree in English studies or
    • you are a native speaker (assessed on a case-by-case basis).

Study Profile

The Master in Finance enables you to take the basic knowledge you gained at undergraduate level to the next level during three semesters, followed by the master’s thesis.

Program Content

Students are expected to complete the Master in Finance program in three semesters, followed by the master’s thesis.

Semester Abroad

After two semesters at ISM, you will be expected to spend a semester at an ISM partner university.

Double Degree

If you decide to enrol in the double degree course, successful study will result in you being awarded a German master’s degree from ISM and a master’s degree from an international partner university.


As a state-recognized, non-profit university the ISM is solely financed by tuition fees. Upon acceptance of a degree course place at the ISM the applicant has to pay an admission fee. Once you are accepted as a student at the ISM you are required to pay enrolment fees, which amount to 600 Euro.

Register for Admission Test

Info about Admission Test Registration.


Program Related Downloads.

Practical experiences in the M.Sc. Finance

An integrated internship, consulting projects, lectures on a case-study basis and experienced lecturers create a lot of opportunities to gather practical experiences. Three students share their impression.

Best Practice M.Sc. Finance