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Financing

Invest in your development - Pre-Master (preparatory semester)

It pays off to be quick!

Early Bird Discount: Save 1,500 Euro for the spring term when you sign a contract by September 15th of the previous year.

Last Call Discount: Save 500 Euro for the upcoming spring term when you sign a contract by December 15th!

Get more information from your study advisor.


Financing Opportunities – Pre-Master

Tuition fees (EU/Non-EU):

6,480 Euro per semester

Monthly payments are also possible

Please ask your study advisor for more information.

Enrollment fee:

EU & EWR students: 600 Euro
Non-EU students: 1,500 Euro

Thesis fee:
There is no Master thesis fee (already included in the semester fee).

Admission deposit

The admission deposit only applies to international applicants who have a non-EU citizenship. Upon acceptance of a study place at ISM, the applicant has to pay an admission deposit fee of 3,000 Euro. This deposit will be deducted in full from the tuition fees of the first semester, so the applicant will only pay the remaining fee of 3480 Euro (6480-3000 Euro) for the first study semester.

You will receive an offer/acceptance letter per regular post from us. Please sign this letter and - if you are an international student (non-EU) - pay the deposit to our university's ISM bank account through Flywire (see below).

The deposit will be mentioned in the acceptance letter and will be then deducted from your tuition fee. After you have paid the deposit, you will receive the letter of admission from the ISM and your tuition contract documents. You will need both for your visa application, if you require a German study visa.

If the contract is not signed by the student, we retain a processing fee of 500 Euro and the rest will be reimbursed to you. 

The admission deposit fee will be fully refunded in the event that the applicant proves that his/her visa application for an ISM program has been definitely rejected by the embassy.


Grants and Scholarships

The ISM offers different grants and scholarships, including partial and some full scholarships. Many other study financing options are available from third parties.

If you would like to apply for an ISM scholarship, applications can be submitted with an already passed ISM admission test for the

  • upcoming summer semester from November 15 until December 15
  • upcoming winter semester from May 15 until June 15.

Please find in our Financing Brochure a summary of all financing opportunities (PDF) or visit the Study Financing webpage.


International payments

In order to simplify international payments, the ISM has established a cooperation with Flywire. This service can be used to pay the fees for the admission test, for example. Flywire takes care of the transfer along with calculating the currency difference (foreign currency to Euro). This is a simple and comfortable payment option to make your start at the ISM easier.

How to make a payment

  1. Enter your payment amounts and country of origin and click "Next".
  2. Select your preferred payment method from the options provided. Options may include bank transfer, debit/credit card in your home currency, electronic payment, or other local options.
  3. Enter your payer and student information to initiate your payment booking.
  4. Follow the instructions provided, based on your chosen payment method, to send funds to Flywire and complete your payment.
  5. Receive email and text status updates each step of the way, including a confirmation when your payment has been delivered to ISM. If you create a Flywire account, you can also track your payment by logging in at any time.

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

Send us your questions from Monday to Friday. We'll reply from 10 am to 3 pm (CET) on weekdays. Looking forward to chat!

Please note: our WhatsApp service will not be available during the holidays (24.-26.12 and 31.12.24-01.01.25). Please use the ChatBot during this time or send us an email to This email address is being protected from spambots. You need JavaScript enabled to view it..

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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Yosra Saleh SM Study advisor

Campus Frankfurt/Main

Yosra Saleh
+49 69.66 05 93 67-49
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Michaela Feldman

Campus Stuttgart

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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Jana Gripshoefer

Campus Hamburg & Berlin

Jana Gripshöfer
+49 40.3 19 93 39-42
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