Full-Time MBA Program | Finance

Accelerate Your Career

Program Overview


  • Start: September
  • Duration: 15 – 21 months
  • Degree: MBA | 120 ECTS
  • Location: Leipzig
  • Language: English

Application Deadlines & Fees

  • Early Bird 1: November 30 | EUR 33,500
  • Early Bird 2: January 31 | EUR 34,500
  • Early Bird 3: March 31| EUR 37,500
  • Final Deadline non-EU candidates: May 31 | EUR 39,500
  • Final Deadline EU candidates: June 30 | EUR 39,500

Become a specialist – in creating your own future

Personal and professional development comes with new input. Our MBA in Finance Program will give you the opportunity to level up your skills and accelerate your career. Change your industry and become a future leader by making the next step in our program.

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Full-time Master in Management
Part-time Master in Management
Full-time Master in Entrepreneurship
Full-time Master in Management | Finance
Part-time Master in Management | Finance
Full-time MBA
Full-time MBA | Finance
Part-time MBA

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96 %
launch their post-MBA careers in Germany

Employment Statistics FTMBA

employment rate 3 months after graduation

Employment Statistics FTMBA

in Europe for salary growth

The Economist MBA Ranking 2022

Our MBA Finance Program provides state-of-the-art know-how to support your holistic view on managerial decision-making while also specializing in corporate finance to foster your analytical skills. Start your journey and benefit from a diverse group of like-minded students and take the next step on the career ladder.

Prof. Dr. Vivek K. Velamuri
Academic Director MBA Program

Discover the HHL spirit

You cannot grasp it, and yet it is everywhere: the HHL spirit. Our HHL spirit turns your studies into a unique experience.

The small and tight-knit community of students, alumni, professors and staff from around the world creates a community spirit that lives on after graduation.

Watch the video

Five reasons why you should choose HHL’s MBA Finance Program

  • Unique Finance Focus: Specialize in the field of corporate finance combined with a balanced mix of management essentials
  • Gain Entry to Business Life in Europe: 96% of our alumni launch their post-MBA careers in Germany
  • Fast Job Entry: Become a problem solver and communicator needed in every enterprise – 92% of our alumni find jobs in less than 3 months
  • Advance Your Career Fast: Take your professional skills to the next level – benefit from our career service ranked #11 worldwide
  • HHL’s Worldwide Network: HHL has got more than 3,500 active alumni worldwide to connect to

Chat with our students

Our student ambassadors are here to share their experiences of HHL and to answer any questions you may have about their HHL journey, their student life and their advice on how to make the most of your studies. Simply browse our list of ambassadors and choose the student of the program you are interested in and start the conversation.

N.B. Please contact Ellen, your program consultant, for questions about the application process and fees and financing.

Start your journey and pursue a career in finance!

Business is changing at an increasing rate, and with change come new challenges. Management and leadership in times of digital transformation demand new approaches. If you want to lead a company to success in a volatile and unpredictable world, you require brand new management competencies and skills. The specialization in corporate finance will foster your analytical skills to navigate decision making in the financial industry or corporate environment.

Our MBA | Finance program revolves entirely around your individual career goals and your personal growth.

Your time investment:

21 months

Learn – experience – network

broaden your knowledge with a wide spectrum of elective courses and strengthen your professional network in Germany and beyond

    Make your choices

    broad choice of options including internship,
    term abroad, Student Consulting Project, Lean Startup Seminar and an international study trip

      Program Structure

      With the Master in Business Administration specializing in Corporate Finance you will level up on your analytical and quantitative skills. Combined with a balanced mix of management essentials this program will be kick-starting your next career moves in the European and German market, enabling you to navigate corporate finance strategies and decisive mangagement tasks.

      At HHL your personal growth is at the center and you will be challenged on all levels to reach your true potential – be it through competence and career coaching, German language skills or practical experiences.

      1. The Welcome Weeks

      1. The Welcome Weeks: Where your HHL adventure begins!

      The Welcome Weeks offer a plunge into the HHL spirit. Through a range of intercultural team-building activities, you will embark on your unforgettable HHL adventure. You will get to know classmates from all of our programs and from all corners of the world and lay the foundation for a powerful network of contacts that will support you not only through your studies but far beyond. Refresher courses on business management fundamentals will also ease you into the program, and an initial introduction to the Leipzig Leadership Model will begin your transformation into the future leader of your aspirations.

        2. General Management Essentials

        2. General Management Essentials: The key qualifications of tomorrow

        Here you lay the foundation for your management career. Three pillars impart a balanced mix of fundamental and state-of-the-art management knowledge.

        Management FundamentalsLeadership & ReflectionEntrepreneurship & Disruption
        24 ECTS24 ECTS12 ECTS
        AccountingManaging Success FactorsEntrepreneurship & Technology
        Financial Accounting & ReportingProblem Solving & CommunicationDisruptive Technologies & BMs
        Cost AccountingNegotiationEntrepreneurship
        Marketing & LogisticsEthics & SocietySustainable Innovation
        MarketingBusiness EthicsCircular Economy
        Logistics & Supply Chain ManagementBusiness, Environment, Society & LeadershipSustainability, Society, Social Entrepreneurship & You *Including International Impact Expedition
        Economics & FinanceLeadership Skills
        EconomicsMe as a Leader
        Corporate FinanceNew in the Leadership Role & Human Resources
        Strategy & OrganizationsAdvanced Communication
        Business StrategyPublic Relations & Crisis Communication
        Organizational BehaviorChange Management & Stability

          3. Finance Deep Dives - Mandatory

          The mandatory Deep Dives will intensify your knowledge and skills in corporate finance – from corporate valuation to risk management. While immersing yourself in the exciting world of Finance, we will make sure that you never lose the big picture on strategic implications and decision-making.

          Financial Management (6 ECTS)Advanced Financial Management (6 ECTS)Decision Making (6 ECTS)Finance Seminar (6 ECTS)
          Corporate Valuation & M&AAdvanced Corporate FinanceQuantitative Management TechniquesApplied Corporate Finance
          Entrepreneurial FinanceRisk ManagementManagerial Decision Making

            3. Finance Deep Dives - Optional

            Based on your personal ambitions and interests within your MBA in Finance program, you can complement your financial knowledge with modules on various topics including entrepreneurship, strategy, and leadership. Take the four mandatory modules and choose max. additional elective modules.

            Strategic Management (6 ECTS)Marketing Management (6 ECTS)Innovative Business (6 ECTS)Competitiveness & Value Chains (6 ECTS)Leadership (6 ECTS)Advanced General Management (6 ECTS)
            Corporate StrategyOnline Marketing & Customer AnalyticsInnovation Management & Corporate EntrepreneurshipMacroeconomics and the Global EconomyLeading High Performance TeamsChoose 6 credits from 2 different modules
            Managing Global CorporationsInternational Marketing SimulationBig Data AnalyticsValue Chains in the Digital AgeMindful Leadership

              4. Customization Modules

              4. Customization Modules: Gain practical and international experience

              You will specialize in corporate finance with selected modules that convey important skills from business valuation to risk management.

              Corporate Valuation and M&A

              • Deep dive into determining business values and learn how to structure M&A deals, which is needed in the field of investment banking, private equity or asset management.

              Entrepreneurial Finance

              •  Follow up with start-up valuations, stage-based financial planning and get to know deal structures in fundings to acquire insights on finance and data analytics.

              Advanced and Applied Finance

              • Learn about advanced financial challenges – from debt financing, bankruptcy to distress and related phenomena and get to know about optimal capital structures.

              Risk Management

              • Sum up your corporate finance know-how with risk measurement, hedging and insuring strategies and gain an outlook on financial engineering.

                Additional highlight: German language courses

                Are you an international student looking to launch your career in Germany after your MBA studies? Then German skills will give you a large advantage! HHL, therefore, offers you the possibility to learn German throughout the program with our tailored language courses offered for all levels. For those particularly committed students among you, we also offer an intensive beginner’s German course in August, prior to the start of the MBA program. For further questions and German course registration, please send an e-mail to germancourse@hhl.de

                  Term abroad

                  The world is your oyster at HHL! 

                  International competencies are essential for successful managers, consultants, entrepreneurs and executives in an increasingly globalized world. This is why HHL prioritizes maintaining global partnerships. Whether it’s New York, Paris, Moscow, Stockholm, Singapore, Hong Kong or Sydney; a term abroad at one of our 140 global partner universities will give you an exciting change of perspective. The HHL team will guide you before, during and after your term abroad. Take advantage of this unique opportunity to explore new countries and new cultures and to expand your own international network. 

                    Double Degree Option

                    Aside from your term abroad, you have the option of receiving an additional degree from one of our global network of partner universities. Don’t worry, there’s no need to decide on your international options just yet! You can take your time until the end of the first term at HHL to choose if you wish to go abroad for a term or for an additional degree. And of course, your HHL team is here to support you! 

                      HHL Professors

                      Trained by leading experts and selected practitioners

                      Throughout the MBA program, you will be supported by our exceptional HHL professors. Here you are never just a number; our professors are always approachable and have your personal growth at heart. All HHL professors are respected experts in their fields and rely on practice-oriented and interactive teaching. At HHL you will also benefit from the knowledge and expertise of our visiting professors from around the world – be it Canada, France, Ireland, Belgium, UK, Switzerland or India. They enrich your learning experience through their comprehensive international exposure. In addition, many of our successful alumni return to the campus as guest lecturers, to share their invaluable practical experience with the next HHL generation and to advise them with insider tips for their professional careers.

                      To ensure the bridge to practice in the full-time MBA Program, leading practitioners with a wide range of professional expertise actively contribute to your learning experience. High-profile personalities from the business and social spheres regularly teach MBA classes as visiting lecturers, including successful entrepreneurs, leading consultants, experienced executives or innovators from the startup world.

                        Open new doors for your career!

                        The MBA program at HHL unleashes your potential for a promising career in Germany and beyond. The MBA allows you to quickly settle into an upward career path in the German and global job market, while also offering an exceptional Return on Investment. Our graduates find that their investment pays of in just three years. We call that “Low risk, high reward”!

                        Career development

                        Tailored support for your career

                        With passion and commitment, and our famous personal touch, HHL’s top-ranked Career Development team we will help you pave the way for a successful and fulfilling career. We will help you identify your strengths, develop your skills and systematically focus on reaching your professional goals. How do we do this?

                        Explore our career development approach

                          The MBA | Finance Program enables new career opportunities

                          The MBA Finance Program is based on a balanced mix of management essentials and insights into corporate finance. Career opportunities therefore are diverse but can also be strategically pursued throughout your studies. The specialization in corporate finance opens up a precise set of career paths that can be underpinned by additional knowledge according to your personal interests. What will be your career path?

                          Financial Services & Banking

                          • Our finance specialization modules will strenghten your abilities to critically reflect and analyze financial performance and to arrive at well-informed business decisions.

                          Corporate Performance

                          • With our MBA Finance Track you will bring an entrepreneurial mindset to every company, fostering innovative thinking while being aware of financial decision making.

                          Consultant Brilliancy

                          • Our management essentials equip you with a holistic view on management decision of different industries. The specialization in corporate finance completes your analytical competencies – combined with strategic skills.

                          Start-up Adventure

                          • Among other topics it is essential to know your finances while founding your own start-up. The MBA Finance Program will equip you with all the skills needed to become your companies CEO.

                          For international students

                          Did you know that Germany’s visa regulations are very favorable for international students looking to enter the German job market? After completing your studies, you can apply for a range of options, including:

                          • 18 months job seeker visa, which gives you plenty of time to find the right career path for you,
                          • a work permit if you already have an offer,
                          • apply for an 18 months job-seeker visa, which gives you plenty of time to find the right career path for you, especially considering our graduates’ employment rates.

                          Want to learn more about your post-MBA visa options?

                          Germany’s visa regulations

                            Contacts are everything!

                            Having an extensive network is invaluable in today’s world. Whether it acts as a support system or opens the door for your next step on the ladder of your career – knowing the right people is the key to success.
                            HHL alumni become part of your learning experience as guest lecturers, are available to answer career-related questions, and support the new HHL generation with their know-how, experience, and insider tips for the job search. Many alumni become mentors to HHL students. They make it possible for students to visit their companies, provide opportunities for gaining valuable practical insights, and establish connections to important contacts and decision-makers.

                            alumni in the HHL network

                            countries with active alumni

                            startups founded by HHL alumni

                            Our Class Profile

                            Our MBA program is made up of students from across the globe, with backgrounds ranging from engineering and medicine to music. They bring with them experiences from a diversity of cultures, languages, sectors and companies. This international and diverse setting perfectly prepares our students for their careers in international and intercultural teams and companies. Small classes and interactive group projects strengthen your intercultural competencies and reinforce the team spirit. Our students, therefore, establish a strong network of friendships and valuable global contacts, which unlocks many a door in their management careers.

                            ~ 50

                            Students per class

                            90 %

                            International students

                            50 %

                            Female students


                            Average age


                            Age range

                            7,5 years

                            Average work experience

                            Current MBA students come from across the globe, see for yourself:

                            65% women in the current MBA class

                            A diverse class profile is crucial to an enriching learning experience at HHL. The most recent MBA intake is composed of more women than men.

                            Read more about the inspiring journeys of our female students and alumnae.

                            Visit our blog

                            Empowering women

                            Start your educational journey at HHL now and become part of our active and diverse network! Get inspired by our numerous, successful alumnae and their personal journeys.

                            Discover how our Women in Business networks and initiatives support business women and female founders.

                            Read more

                            Leading MBA program for women

                            According to the AméricaEconomia MBA Ranking 2021, the HHL Master of Business Administration program has the highest ratio of female students in the world. With a supportive network, HHL inspires and empowers ever more women to pursue management education.

                            Read about our ranking progress

                            The HHL Student Experience

                            Your student life at HHL will far extend the classroom experience. You will receive guidance from staff and faculty. You will make a difference by joining student initiatives. You will live and breathe the HHL entrepreneurial spirit. Perhaps you will even launch your own business venture in the Digital Space. Your time at HHL is a unique moment in your life, where you can experiment, get to know likeminded people, and explore new avenues.  

                            The HHL Spirit

                            At HHL you are never just a number

                            We care about your professional and personal development. That is why we guide you through your HHL journey from day one, from supporting you with your application and offering assistance with the visa process. Once enrolled, our staff and faculty are always happy to discuss your ideas, concerns and plans.And as an alum, we will continue to welcome you to your alma mater with open arms. Let’s start the conversation today! 

                            Get in touch

                            HHL Initiatives

                            Conferences, workshops, sporting events and social engagement – HHL students have a range of student initiatives to supplement their studies with. This strengthens the HHL spirit, creates room for new ideas and inspiration, and provides access to valuable contacts. Want to join? 

                            Discover our student initiatives

                            HHL: The Startup Mill

                            With Trivago, About You and Delivery Hero as examples, HHL is THE breeding ground for startups amongst business schools, setting an example for all of Europe. More than 350 startups were established by HHL alumni, generating more than 40,000 jobs. This is no coincidence, given HHL’s core focus on leadership and entrepreneurship in times of digital transformation. 

                            Read more 

                            HHL DIGITAL SPACE – The digitial transformation platform

                            The HHL Digital Space is based on the HHL campus in Leipzig and supports early stage founders together with established companies in their entrepreneurial pursuit with a dedicated 12-week incubation program and workshops. The main goal is to connect founding teams, equip them with business and tech knowledge and provide an open platform to empower entrepreneurship.  

                            Dive right in

                            SpinLab – The HHL Accelerator

                            A startup mill in Leipzig’s creative heart

                            A modern accelerator and co-working space in the middle of the Leipziger Baumwollspinnerei, Leipzig’s creative heart, provides aspiring entrepreneurs with resources, partners and support to develop their ideas. Successful entrepreneurs, potential investors, highly engaged coaches and experienced mentors supplement the know-how gained during the program by advising, supporting and establishing the right contacts for your startup dream to take off. 

                            Have a look

                            In vogue: Living and learning in Leipzig!

                            Leipzig is open, international and vibrant. Located at the crossroads of historic European trade routes, Leipzig prides itself on its 1,000-year tradition of commercial vitality and its reputation as a meeting place for trade, science and the arts. Beyond its modern infrastructure, what makes Germany’s fastest-growing city so popular and dynamic is its rapidly expanding economy, housing world-famous brands such as Porsche, BMW, DHL and Amazon. HHL, the first “Handelshochschule” in German-speaking Europe, was established back in 1898 and therefore laid the foundation for Leipzig’s profound management education early on.

                            Numerous cafés, bars, clubs as well as parks, canals and lakes invite you to enjoy a welcome break from your studies. Plus, Berlin, and all that it has to offer, is just one hour away. And the best of it all? Living expenses in Leipzig are affordable for students!

                            Read more about Leipzig

                            The Campus

                            The Campus: In the heart of Leipzig!

                            The HHL campus is centrally located and, at the same time, surrounded by idyllic parks and rivers. You will experience an inspiring multicultural atmosphere and real campus flair. You also get to take advantage of the adjacent sports department of the University of Leipzig; as an HHL student, you are eligible to use their sports facilities and to sign up for sports courses offered by the Leipzig University*. And to accommodate a flexible study schedule, we grant our students access to HHL’s premises 24 hours a day, 7 days a week. You can use the library, the study areas and meeting rooms, the lounge and the Student Club any time you want! Intrigued? Please contact us – we would be delighted to show you around our campus in person! We look forward to meeting you!

                            *additional costs apply for these courses

                              Living Expenses in Leipzig

                              Affordable and student-friendly living

                              Leipzig offers students a very high quality of life for extremely affordable prices. In contrast to many other student cities in Germany, Leipzig still has affordable student accommodation. The approximate living costs per month including accommodation in Leipzig are around EUR 700, while the average living costs in Germany are estimated at EUR 861.

                              Here is an overview of the monthly costs that you should take into account during your studies in Leipzig:

                              _Accommodation: EUR 200-350 for student accommodation or private housing
                              _Health Insurance: EUR 104 for students under 30, EUR 50+ for students over 30*
                              _Books & Printing: EUR 10
                              _Food: EUR 200
                              _Leipzig Student Union fees/transport: EUR 39**
                              _Other: EUR 100

                              Additional one-off starting costs

                              _Residence permit (only for non-EU citizens without a Stibet scholarship): EUR 110
                              _Rental bond: EUR 250

                              Maximum amount of initial costs: EUR 360

                              *Students under the age of 30 are eligible for public health insurance, students over 30 must get private health insurance, where prices will vary.
                              **All students must pay this fee, which covers a range of services by the student union, including the semester pass for trams and busses in Leipzig. The semester fee is EUR 235.50.

                                Moving to Germany

                                Find out everything you need to know before and after arriving in Germany, from visa requirements, health insurance, and housing to residence permits:


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                                Apply now to fast-track your management career!

                                A diverse student body that brings a broad palette of cultures, nationalities, personal interests and professional backgrounds to the HHL community is very important to us. We, therefore, adhere to a careful and personal selection process. We do not just take into account the hard facts like grades, work experience and GMAT, but also your personality, your motivation and your aspirations.

                                Is HHL right for you? Are you right for us? Let’s find out together! We look forward to receiving your application. Our advice: the HHL MBA program is very competitive and fills up quickly. The sooner you apply, the higher your chances of admission, and the faster you can start planning your next steps!

                                Start your application today!

                                Application Criteria

                                • A completed Bachelor’s degree in any field from a recognized university
                                • At least 3 years of postgraduate work experience
                                • Competitive GMAT/GRE score
                                • Proof of very good English skills, e.g. TOEFL of 90+/IELTS of 7.0+

                                Have a look at our application check-list, details about the admission process, and the applications deadlines here.

                                Applicants have to submit the following application documents:

                                • Curriculum vitae
                                • Letter of motivation
                                • Final transcripts and degree certificates of all completed degree programs
                                • Proof of a minimum of 3 years relevant practical work experience
                                • Proof of very good English skills (e.g. TOEFL of 90+ ibt/ IELTS of 7.0)
                                • 1 letter of recommendation (template available in downloads)
                                • GMAT/GRE result (our GMAT code is ZCB-P6-01 and our GRE code is 4061)
                                • Passport photo

                                Applicants from China, India and Vietnam need an APS certificate in order to be able to study at a German university. Please visit APS China, APS India or APS Vietnam for further information.

                                No application fee is required

                                  Application Deadlines

                                  • November 30: Early Bird 1 – Tuition fee: EUR 33,500
                                  • March 31: Early Bird 3 – Tuition fee: EUR 37,500

                                    Your MBA at HHL: Education that pays off!

                                    Investing in your MBA degree at HHL will pay off quickly. The latest QS ranking shows that our MBA graduates enjoy an exceptionally high return on investment, allowing them to pay off their studies within just three years! Why? Our students quickly settle into managerial positions at prominent companies and enjoy an average salary increase of 80 percent. An MBA degree from HHL, therefore, is not only a fantastic career booster, but also pays off in no time!

                                    Tuition Fees

                                    The tuition fees for the MBA program amount to EUR 39,500. We offer a tuition fee reduction if you submit your complete application by the following Early Bird deadlines*:

                                    • Early Bird 1: November 30 – EUR 33,500
                                    • Early Bird 2: January 31 – EUR 34,500
                                    • Early Bird 3: March 31 – EUR 37,500

                                    This covers all tuition including the fees for the term abroad at one of our partner universities.

                                    *The early bird discount is offered to those who have uploaded all mandatory documents and submitted their application by these deadlines and have successfully passed the interview as well as the GMAT/GRE within 1 month of the deadlines. In order to qualify for the early bird discount, the payment of the commitment fee must be transferred within 2 months of the deadlines.

                                      Payment Policy

                                      Pay your tuition fees in installments!

                                      Of course, the tuition fees at HHL do not have to be paid in one lump sum. The fees will be paid as follows:

                                      1. Payment of EUR 3,500: 4 weeks after admission (down payment)
                                      2. Payment of EUR 12,000: October 1 of the first study year.
                                      3. Payment of EUR 12,000: March 1 of the first study year.
                                      4. Payment of EUR 12,000: September 1 of the second study year.

                                        Scholarships & Financing Options

                                        The best part? We support the financing of your studies. We offer a range of financing options, as well as a number of scholarship programs for exceptionally driven candidates. How to receive a scholarship? Convince us not only of your outstanding academic and professional records but also of your personality and your ambition.

                                        Have more questions? Get in touch with the HHL community!

                                        Ask our students

                                        Do you have any questions specifically related to the student experience at HHL? Our students are also happy to tell you about life in Leipzig and at HHL:

                                        Contact our student ambassadors

                                        Ask our Chatbot Holly

                                        Do you want instant answers to questions on the program, your eligibility, the admissions process, fees and financing options or career prospects? See, if Holly can help:

                                        Chat with Holly

                                        Ask the HHL team

                                        Do you want to get to know the HHL community, our campus and the city of Leipzig better? Are you curious about experiencing HHL for yourself? You live abroad and can`t make the visit to Leipzig? Then schedule a Zoom consultation. Please feel free to contact us at any time, we look forward to hearing from you!

                                        Ellen Schönfelder
                                        Program Consultant