Part-time Master in
Management | Finance

Program Overview

Program Start

  • September (Application deadline: June 20)

Program Structure

  • 24-30 months
  • 7-8 weekend courses + 2 residential weeks per year

Study Locations

  • Management Essentials: Leipzig, Cologne or Munich
  • Finance Elective: Leipzig


  • M.Sc. (University)

International Perspective

  • Optional term abroad
  • Over 140 partner universities

Language of Instruction

  • 100% English

HHL’s new Master in Management | Finance at a glance

You want to bolster your management and finance skills in order to take your career prospects to new heights while staying on the job? Our new part-time Master in Management | Finance program is the only one in Germany affording you this opportunity. By combining academic excellence with key insights on practical challenges, we prepare you for senior and executive roles by fostering your skills in strategic and financial decision making.

Whether you have a university, FH or BA bachelor’s degree, as an outstanding candidate you can earn a university-level, AACSB and ACQUIN accredited Master’s degree at HHL that even enables you to pursue a doctoral program after graduating!

Outstanding skills in analytics, strategy, finance and management for the leaders of tomorrow

Boost your career to a new level of challenges, responsibilities and reward while staying on the job

Customize your studies by choosing from three locations and individual schedules

Discover the HHL Spirit!

“The feeling to have arrived at the right place,
at to be where I want to be.”

Watch the video

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, choose the student of the program you are interested in and start the conversation.

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

A Master program that pays off!

The part-time Master program at HHL fast-tracks your career and also pays off financially. An average salary of EUR 75,000 after completing the program reflects a 54 percent increase to the salary level at application! Curious to find out more? You can find everything you need to know about job prospects and salaries on our current Employment Report.

#7 worldwide for Alumni Salary and Career Service

FT Masters in Management Ranking 2020

HHL Career Development

It’s an easy climb up the career ladder with our HHL Career Service

In a recent Financial Times Master in Management Ranking, our Career Development Team was ranked 6th worldwide! This is no coincidence, as our experienced psychologists and career experts have long perfected the mix between 1-to-1 coaching, personality tests, workshops and other tools. They help you discover what unique skills and strengths set you apart. Together, you will tailor a personal career plan to significantly increase your prospects and reach your career goals successfully and rapidly.

We will be at your side throughout your job search. Our Career Development Team will:

  • check your CV
  • prepare you for interviews, recruiting processes and salary negotiations
  • put you in touch with alumni in the business sector you aspire to enter
  • strengthen your capacities
  • share effective methods to make the job market work for you
  • provide access to job postings and exclusive recruiting events on campus with leading companies.

With passion and commitment, and our famous personal touch, we pave the way for your success and help you land that dream job!

Courses in Finance at HHL have always opened new perspectives – going beyond my banking background – to me. The program offers the opportunity to qualify in Corporate Finance for new career challenges independent of industries, but also to learn specific skills, e.g., financial modelling, that help you grow in your current job.

Livia Jansen-Winkeln
Key Account Credit Analyst, UniCredit Bank AG


The program: Flexible and tailored to your needs!

The HHL part-time Master in Management | Finance is specifically designed for high-potentials which strive to advance their skills in analytics, strategy, finance and management to access new thrilling career opportunities. The program’s flexibility allows you to reconcile your current job with your aspirations to gain a university Master’s degree.

We ensure that schedules are compatible with your current occupation. The program starts in September, has a duration of two years and consists of seven to eight lecture weekends per year. You will only need to be present on the HHL campus in Leipzig a two weeks each year. Depending on your workload and whether you choose to study a term abroad, you can prolong the program to 33 months – with no additional fees!

The HHL part-time Master in Management | Finance contains five elements: Welcome Week, Finance Prep, General Management Essentials, Finance Focus, and Master Thesis.

While Welcome Week and Finance Focus modules are held on the main campus in Leipzig, the Finance Prep modules reflect an optional offer to review your current finance skills and potentially bringing you up to speed in an innovative online learning environment.

For modules of the General Management Essentials, we provide a further dimension of flexibility as those can be taken in any of our three locations. Leipzig, Cologne or Munich? The choice is yours!

Watch the video

1. Welcome Week

Where your HHL adventure starts!

Regardless of the study location you select, your part-time Master program will kick-off with the Welcome Weeks on the HHL campus in Leipzig. 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 connections that will support you not only through your studies, but far beyond. You will be welcomed into the HHL community, getting to know the faculty and the HHL team that will support you through all aspects of the program. Your first courses of the HHL General Management Essentials block will begin your transformation into the future leader of your aspirations.

2. Finance Prep

Get fit for Finance

Our blended learning modules on the basics of studying finance allow you to self-assess your expertise, refresh acquired skills, and fill gaps. All modules are optional and can be taken according to your individual needs.

  1. Mathematics & Statistics
  2. Review to Finance
  3. Review to Accounting
  4. Business Modelling in Excel

3. General Management Essentials

Get the skills of the future today!

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

Business Administration & Economics:

In addition to fundamental business administration and economics courses, this pillar includes one of the M.Sc. program’s highlights. You will deal with an integrated case offering an in-depth and interdisciplinary experience of real-life problem-solving, drawing on perspectives that span many facets of business.

Leadership & Reflection

What will good leadership look like in the future? How can we lead and succeed in an unpredictable, volatile, digital world? How can we find innovative solutions to the increasingly complex problems of today’s world? What are the most effective ways of negotiating in intercultural settings? Prepare yourself for brand new perspectives on such crucial questions within this pillar. You will learn how to reach your own potential so you can successfully lead others and make an impact.

Entrepreneurship & Disruption

Entrepreneurial minds are in great demand in today’s world. With our focus on digital entrepreneurship, we awaken and strengthen the entrepreneurial spirit and know-how in our students. This will empower you to drive innovation and to take the necessary risks to successfully manage the rapidly changing business landscape. You will become proficient at data literacy and databases, explore new, digital and creative business models, and actively engage with the disruptive technologies that are shaping today’s market, such as Artificial Intelligence (AI), robotics, Blockchain and the Internet of Things (IoT).

Business Administration & Economics Leadership & Reflection Entrepreneurship & Disruption
Integrated Case StudyBusiness EthicsEntrepreneurship and Agile Working Methods
International MacroeconomicsLeading Yourself and Self-ReflectionCoding and Data Literacy
Corporate GovernanceLeading Others, HR and Organizational BehaviorDisruptive Technologies and Business Models
CompetitivenessProblem Solving and Communication
Managerial Decision MakingNegotiation

4. Finance Focus

Become an expert that stands out!

Our Finance Focus curriculum is carefully composed in order to educate and shape exceptional future leaders in finance and management.

Financial Decision Making

These modules convey essential skills on modelling, valuation, financial markets, and financial instruments to provide safe ground. The courses combine important theoretical concepts from accounting, economics as well as finance, and apply those to real-life. The questions that are addressed span from: What are best-practices in financial planning and how to implement them? How do financial markets work and what are the implications for instruments being traded and market participants? How to value financial instruments and corporations? How does an M&A process works?

Advanced Financial Challenges

The courses of this second block strive to transform students into experts on investing, financing, pricing assets and managing risks. The modules provide recent academic advancements in the field and latest practical developments from industry. Students obtain the skills to price any claim they may ever face, enabling them to evaluate any investment, rationalize any risk management strategy, optimize capital structures and shape complex financing contracts.


In this section we offer modules to deepen certain analytic skills, i.e., modelling in Excel and analyzing big data in R. Moreover, we give students the opportunity to place themselves in the ultimate test, a case study seminar with finance executives. In this capstone seminar, students work in groups towards solving a realistic case mentored, challenged and evaluated by a senior of one of our partner companies.

Financial Decision Making
(16 ECTS)
Advanced Financial Challenges
(16 ECTS)
Add-Ons, e. g.
(8 ECTS)
Fin. Analysis & ModellingFinancial Instruments & Asset PricingAdvanced Excel Modelling
Capital Market
Theory & Investments
Risk Management of CorporationsBig Data Analytics in Finance
Corporate Valuation & MnAAdvanced Corporate Finance & TaxationCase Study Seminar with CFOs
Economics of FinanceEntrepreneurial Finance & VenturingNote: Select two of the offered courses

5. Master Thesis

Master Theses in Finance (15 ECTS) can be prepared twofold, in a classic thesis format or as a research paper. The latter offers the opportunity to get published in an academic or applied finance journal. Just in the last two years, theses of our students have been published in journals like Qualitative Research in Financial Markets (Ranked B), Corporate Finance (Ranked D) or Die Wirtschaftsprüfung (WPg) (Ranked C).

Stronger together!

Our part-time M.Sc. classes are marked by a unique team spirit that stems from a common goal and a common philosophy. Classmates come together from such diverse sectors and companies like Allianz, BP, IBM, BASF, Ernst & Young, Lufthansa, KPMG, Osram, Porsche, Siemens, Telekom and Vodafone. Their goal is to advance their careers alongside their current occupations. And at HHL our students quickly learn that we are stronger together. This belief underpins the strong network of friendships and business contacts that are formed throughout the studies and that accompanies our graduates for life.

Studying abroad

The world is calling!

From New York to Paris, Stockholm to Moscow, Beijing to Hong Kong, Singapore to Rio de Janeiro: your dream of exploring the world, getting to know new countries, learning about new cultures and establishing international contacts can finally come true at HHL! Most part-time programs don’t allow this kind of international experience, but at HHL you are able to opt for a term abroad at one of our 135 partner universities. And this has proven to be a very popular option – 30 percent of our part-time M.Sc. students choose to study abroad for a term. We support you throughout the process – from choosing the partner university that most benefits your future career plans to organize the exchange and even throughout your stay abroad.

Our partner universities!

Leipzig, Cologne or Munich

Leipzig, Cologne or Munich: Flexible options for your highest convenience

Three fantastic cities with the perfect infrastructure provide maximum flexibility for completing your tailor-made Finance Program successfully. All weekend courses of the General Management Essentials and of Financial Decision Making are available at your location of choice. And if you happen to miss a course at one location, you are welcome to catch up at another one. You will have the opportunity to bond and network with your fellow part-time M.Sc. classmates from all locations during our residential weeks on the HHL campus in Leipzig.

The courses of Advanced Financial Challenges will take place on our main campus in Leipzig solely, together with your fellow Finance Track colleagues of the full-time program. Thus, you can build up the maximum HHL network which will stimulate your learning experience and provide you with even more valuable contacts for your further career.

Exceptional cities, exceptional study locations. 

The HHL campus in Leipzig is centrally located, yet surrounded by idyllic parks and rivers. You will experience an inspiring multicultural atmosphere and real campus flair. Just a few minutes from the city center and on the banks of the Elster river, our campus is a popular meeting-point for students from around the world! In Cologne, we make full use of the ultra-modern STARTPLATZ directly in the MediaPark – the hot spot of the startup ecosystem in Rheinland and well-known in the world of startups and beyond. In Munich, we welcome you to the campus of the Hochschule der Bayerischen Wirtschaft (HDBW) which provides our students not only with full access to their facilities, but also with an inspiring study environment.

The HHL Network

HHL is a small and tight-knit community of students, alumni, staff and professors from around the world. At HHL you can always approach our highly engaged faculty and staff members. We are happy to lend an ear and support you in any way we can. After all, your success is our success. We actively live up to it and make sure that our students and alumni do too!

HHL Alumni

Friends for life

Graduating from HHL not only gives you a degree from one of Germany’s best business schools, but it also means lifelong access to a first-class network of successful entrepreneurs, leading international managers, key players in the startup scene and top-class experts. Friendships and contacts established at HHL will long outlast your studies. HHL alumni are active in over 70 countries, they are well connected, and they support each other and future graduates in a multitude of ways. And there’s more! Many of our over 2,500 alumni frequently return to campus to support the new HHL generation with their know-how and experience and often even recruit students from their alma mater.


+++ The application process for the Fall 2022 Intake is not open yet. However, you can start preparing your application now, so you are ready to submit it in October when we will start processing applications again. And of course, we are here for you if you have any questions. +++

Take your next step up the ladder today!

A part-time management study program at HHL allows you to unlock brand new career opportunities right alongside your current job. The program is therefore very popular and competitive and a careful selection process is very important to us. We don’t just take your academic grades into account, but also your career development to date, your personality, your motivation and your career goals. Whether you have a FH, BA or University degree, your chances for being admitted into the Master of Science in Management at HHL are the same!

Is HHL right for you? Are you right for us? Let’s find out together! We look forward to receiving your application.

Start your application today!

Application Process

After receiving your completed application, you will be invited for a phone or in-person interview with one of our professors. Here we want to find out more about your personal motivation for the part-time Master’s degree at HHL. Following this, our HHL Entry Test – or alternatively, the GMAT – is a requirement to show us your capability to succeed in the program. Our admissions committee will then deliberate and get back to you with an answer.

Yes or no? We won’t keep you in the dark. Our rolling admissions allow us to get back to you with a final decision within 6 weeks of receiving your completed application. Remember, the sooner you apply, the sooner you will have a decision, so you can plan your next steps!

And one more word of advice: Students are required to have at least 210 ECTS credits to start the program. If you’re not quite there yet, you can get the missing credits recognized through work experience.

Admission Criteria

  1. Bachelor degree in Business Administration or equivalent business-related programs, e.g. Business Informatics,  Business Psychology, Business Law, Economics, Industrial Engineering etc. (with a minimum of 210 ECTS, of which 40 – 60 credits in business-related subjects, applicants with less than 210 ECTS but at least 180 ECTS can acquire the missing credits by approved professional competencies)
  2. Min. of 3 months relevant practical experience
  3. HHL Entry Test (alternatively GMAT)
  4. Very good English skills e.g. TOEFL or IELTS (to be submitted by the start of the program at the latest)

Application Documents

As an applicant you have to hand in the following documents to be able to submit your application:

  1. Curriculum vitae
  2. Letter of motivation
  3. Copy of general qualification for university entrance
  4. Current / final transcript of an above average Bachelor’s degree in Business Administration which is equivalent to min. 180 ECTS credits (For less than 210 credits, the missing credits must be proven through professional experience)
  5. Portrait photo

Further application documents are (can be submitted during the application process):

  1. Proof of a minimum of 3 months relevant practical work experience
  2. 1 letter of recommendation or 1 current work certificate (in German or English)
  3. Copy of Diploma Supplement (if already available)
  4. Proof of very good skills in English (e.g. TOEFL of 90+ ibt or IELTS 7+)

Application Deadline

The next part-time M.Sc. | Finance classes (study location Leipzig, Cologne or Munich) are starting in September 2021.

Early Bird Deadline: February 28, 2021 – Receive EUR 2,500 off your tuition!
Final Application Deadline: June 20, 2021

We look forward to receiving your application. If you have any questions regarding the part-time M.Sc. | Finance program and the application process or would like an individual consultation, please contact Kathrin Schmidt.

Financing conditions

Part-time M.Sc. at HHL: Education that pays off!

The part-time Master program does not only improve your career prospects but also increases your chances for a sizeable salary upgrade. Our statistics showcase this; HHL part-time M.Sc. graduates earn an average of 54 percent more than before their studies! On average, the annual salary for our graduates is EUR 75,000. The investment in your future is therefore definitely worth it!

Tuition Fees

Tuition fees for the part-time Master in Management program amount to EUR 29,500, whether you choose to complete the program in 24 or 30 months. Candidates who apply for the program by February 28 will benefit from a fee reduction of EUR 2,500. The early bird discount is offered to those who have uploaded all first mandatory documents and submitted their application by this deadline and have successfully passed the interview as well as the HHL Entry Test by the end of March. In order to qualify for the early bird discount, the payment of the commitment fee must be transferred by the end of April.

The tuition fee covers all of HHL’s teaching services, as well as course materials and catering at the study locations. If selected, the optional term abroad at one of our partner universities is also included in this amount. Only accommodation and travel expenses are not covered.

Payment Terms

Pay your tuition fee step by step!

After you have been admitted to HHL, we ask that you make a down payment of EUR 1,000 to secure your place in the part-time M.Sc. program. The remaining costs will have to be paid in two instalments at the beginning of the first and second study year. Quarterly payments are also possible upon request.

Do you have any other questions regarding tuition fees and financing? Contact us straight away. We’re happy to help.

Financing Options

We gladly support you in financing your studies. Various financing options are available. We also offer scholarships for particularly committed and outstanding applicants. How do you obtain a scholarship? Win us over not just with your excellent academic record but also your personality.

And keep in mind:
Your tuition fees are tax-deductible as an anticipated income-related expense. Check out our brochure for tips. Please contact your own tax consultant for further details.

Any further questions? Please feel free to contact us at any time!

Are you curious about experiencing HHL for yourself? You are welcome to visit us on campus. Do not miss the opportunity to talk to our students or experience our professors in a lecture. Please feel free to contact us at any time, we look forward to hearing from you!

Kathrin Schmidt
Program Consultant