Part-time Master in Management | Finance

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 Week on the HHL campus in Leipzig. The Welcome Week offers 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 and long after. 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 and far beyond.

Read about our Welcome Week 2021

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.

• Fundamentals of Accounting
• Business Modelling in Excel
• Mathematics and Statistics
• Fundamentals of Finance

Essentials: Lay the foundation

This is where you start your HHL journey and interweave with our school’s DNA. At HHL we educate our diverse classes in many dimensions. We provide the essential hard skills but also develop your entrepreneurial spirit as well as your sense for teamwork and community. Moreover, we want to help you in becoming the best version of yourself by learning meaningful self-leadership frameworks and gaining awareness for the cross-functional abilities needed to excel in a modern business world.

Elective Essentials: Top it up!

You decide which capstone suits you best for completing the Essentials of the program. Do you want to collect international experience, prepare for an entrepreneurial adventure or gain insights into coding and data science? The choice is yours.

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 important skills on financial markets, building portfolios, weighing risk and return, valuing investments, structuring M&A deals as well as hedging and insuring risk exposures. Beyond providing safe ground regarding the concepts, the courses focus on direct applications to real-life challenges.

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 insure or hedge against risks? How does an M&A process work?

Advanced Financial Challenges

Modules of this block transform students into experts in investing, financing and pricing assets. 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.

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.

Putting the theories into context

Your master thesis – your way. Contribute to the discipline of corporate finance and beyond with a high-class empirical study, a well developed modelling approach, or a practice-oriented case study.

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.

Successful theses in finance were published in (exemplatory)

• Qualitative Research in Financial Markets,
• Corporate Finance or
• Die Wirtschaftsprüfung

Best HHL Master Thesis in Private Equity

Our Center for Corporate Transactions & Private Equity (CCTPE) in cooperation with Palero Capital also awards the best master thesis in private equity each year.
In our HHL Blog we regularly present interesting master theses. Look out for the Research Briefs.

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 11th worldwide! This is no coincidence, as our experienced psychologists and career experts have long perfected the mix of 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!

Your Master program at HHL also pays off financially. Look forward to a sizeable salary upgrade after graduating. Let the numbers speak for themselves: on average, our graduates experience a 54 percent increase in their salaries! The salary after completing our Master in Management program averages at EUR 75,000. Curious to find out more? You can find everything you need to know about job prospects and salaries on our current Employment Report.

After receiving your completed application, you will be invited for a virtual 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 discuss your application 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.

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)

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+)

• November 30: Early Bird 1 – Tuition fee: EUR 29,900
• February 28: Early Bird 2 – Tuition fee: EUR 31,900
• June 30: final application deadline – Tuition fee: EUR 33,900

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

Tuition fees for the part-time Master in Management program amount to EUR 33,900, whether you choose to complete the program in 24 or 30 months. We offer a tuition fee reduction if you submit your complete application by the following Early Bird deadlines*:

• Early Bird 1: November 30 – Tuition fee: EUR 29,900
• Early Bird 2: February 28 – Tuition fee: EUR 31,900

The tuition fee covers all of HHL’s teaching services as well as course materials. Catering at the study locations is provided. 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.

*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 HHL Entry Test/GMAT within 1 month of the deadlines.

Pay your tuition fee step by step!

After you have been admitted to HHL, we ask that you make a down payment of EUR 2,000 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.

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.