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In-depth expertise from the global financial sector - Master of Finance curriculum


A Feel for the Right Figures

You will complete the first two semesters at one of our ISM locations. In addition to specific business management content, you will acquire in-depth specialist knowledge from the global and digital financial sector, such as on investment and asset management, derivatives, financial reporting or block chain and digital assests. We even include a Capstone project.

In the third semester you will study at a foreign partner university of the ISM in order to illuminate the international perspective of the subject.

A practical phase, consulting projects and the practice-oriented Master's thesis in the 4th semester are integrated into the studies. This means that you will receive your degree with 120 ECTS in the fourth semester.

If you wish to shorten your studies to only 3 semesters, you can select the Fast Track option, in which you graduate with only 90 ECTS and skip the semester abroad. More details below.


Program Content M.Sc. Finance

1st Semester

Quantitative Methods

  • Financial Mathematics (2 ECTS)
  • Statistics (2 ECTS)
  • Financial Modeling & Investment
    Decisions (2 ECTS)

Investing & Financing

  • Asset Management (2 ECTS)
  • Capital Market Theory (2 ECTS)
  • Corporate Finance (2 ECTS)

Derivatives Theory & Application

  • Derivatives: Foundations & Applications (3 ECTS)
  • Option Pricing Theory (3 ECTS)

Financial Reporting & Business Law

  • International Accounting (2 ECTS)
  • International Taxation (2 ECTS)
  • International Business Law (2 ECTS)

Leadership Skills

  • Corporate Governance & Business Ehtics (2 ECTS)
  • Negotiation, Communication & Executive Presentations (2 ECTS)
  • Cross-Cultural Leadership (2 ECTS)
2nd Semester

Advanced Reporting

  • International Financial Reporting (2 ECTS)
  • ESG & Group Reporting (2 ECTS)
  • Auditing (2 ECTS)

Regulation, Rating & Risk Management

  • Financial Market Regulation (2 ECTS)
  • Rating (2 ECTS)
  • Financial Risk Management (2 ECTS)

Corporate & Investment Banking

  • Public & Private Market Transactions (2 ECTS)
  • Mergers & Acquisitions Case Study (2 ECTS)
  • Corporate Valuation (2 ECTS)

Frontiers in Finance

  • Blockchain & Digital Assets (2 ECTS)
  • Applied Data Science in Finance (2 ECTS)
  • Cap Stone Project (2 ECTS)

Internship (practical phase I) (6 ECTS)

3rd Semester

Semester abroad. (24 ECTS)

Electives depending on ISM partner university and individual specialization.

More information on the semester abroad page.

4th Semester

MASTER'S THESIS (30 ECTS)

Internship (practical phase II) (6 ECTS)

Fast Track: On the Fast Lane to your Master

When you choose the option "Fast Track" the semester abroad is omitted and you shorten your internship period. This allows you to complete your master in international management degree on-campus in only 3 semesters and with 90 ECTS. Prerequisite: you bring 210 ECTS from your Bachelor (an alternative admission to Fast Track is possible via demonstrated work experience or by taking the ISM Pre-Master). Find out more from your study advisor.


Do you have any questions about studying?
Please contact us!

Feel free to send us your questions from Monday to Friday. We'll respond to you from 10 am to 3 pm (CET) on weekdays. Looking forward to chat!
Our student advisors are happy to answer all your questions about the ISM, our study programs, application and selection process and financing options in a personal appointment.
Your Master Study Advisors

Katharina Röder

Campus Dortmund

Katharina Röder
+49 231.97 51 39-447
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Antonio Luna ISM Study advisor

Campus Stuttgart and Frankfurt/Main

Antonio Luna
+49 711.51 89 62-243
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Nina Weidemann

Campus Munich

Nina Weidemann
+49 89.2 00 03 50-42
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Florian Dorste

Campus Cologne

Ioulia Aslanidou
+49 221.27 09 95-54
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Sindy Schulz

Campus Hamburg & Berlin

Sindy Rode
+49 30.3 15 19 35-175
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