Part-time Master in Management | Finance

Building business-ready skills at the crossroads of strategy and finance

Entrepreneurial University in Germany

Startup Radar by Stifterverband

for graduates' salaries in Germany

FT Master in Management Ranking

worldwide for graduates' overall satisfaction with their master program

FT Master in Management Ranking

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 part-time Master in Management | Finance program offers exactly that. It is the only one in Germany offering you this opportunity. By combining academic excellence with key insights on practical challenges, we prepare you for senior and executive roles by boosting 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

At a glance

Program Start

  • September (Application deadline: June 20)

Program Structure

  • 24-30 months (according to your needs)
  • 7-8 weekend courses + 2 residential weeks per year

Study Locations

  • Essentials: Leipzig, Cologne or Munich
  • Finance Focus: Leipzig


  • M.Sc. (University)
  • Total: 90 ECTS

International Perspective

  • Optional term abroad

Language of Instruction

  • 100% English

Our Class Profile – Stronger together!


Total class size


Students in the Finance class


Age range


Average age

2.5 years

Average work experience


Number of companies represented

Our part-time Master in Management 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.

Five reasons why you should choose HHL’s Part-time Master in Management | Finance

  1. Connect corporate finance expertise and strategy skills in an entrepreneurial environment
  2. Learn what matters in practice by discussing with guest lecturing professionals and via realistic case studies
  3. Boost your career to the next level while staying on the job
  4. Dive into HHL’s global alumni network and build strong ties in the business and social spheres
  5. Become part of HHL’s unique community and make friends for life

What we do different in our Finance Track is the strong connection of quantitative abilities and strategic application. We do not educate the next generation of analysts for the basements of banks and big corporates. Instead, HHL graduates can critically reflect on the analytic insights they have generated and derive thorough management decisions that also incorporate long-term implications.

Dr. Maximilian Schreiter
Program Director Master in Management | Finance

Discover the HHL Spirit!

“The feeling to have arrived at the right place –
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.

What our participants say

Philipe Freire
Finance Analyst GL at DHL

HHL has given me the opportunity to pursue my educational goals without giving up on my career prospects. The courses are designed to prepare students to take the lead when it comes to solve complex real life business problems by equipping us with the tools necessary to succeed. From day 1 you are pushed to work in teams to achieve your learning goals. HHL’s environment fosters interaction among students and HHL’s community.

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

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.

Nina Hintzen
Project Lead Business Development Companies, HDI Group

I decided to take part in the part-time program at HHL because of the outstanding program structure regarding compatibility of work and study life. Moreover, the courses are enriched by many practical cases, so that I can transfer the newly learned academic approaches directly into my working life. Studying at HHL enabled me to think even further outside the box, especially through interactive group work that provides a deep dive into different industries and thus captures different mindsets and perspectives that enrich any project and prepare for management challenges.

Katharina Fickendey-Engels
Product Owner, Digital Unit at Volkswagen Financial Services

What I’ve noticed from the very first day at HHL is its unique spirit. I’ve met so many highly motivated people with diverse backgrounds who have not forgotten to enjoy life. Not only have I met new friends, but also I’ve learned so many new things I’ve been able to apply immediately in my job and that have already opened up new career opportunities for me.

HHL Campus Day on Saturday, March 2022

Learn more about HHL´s master programs by attending virtual program introductions, lectures and individual consultations

Study Program – Turning your passion into profession

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 combine 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 and two residential weeks per 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!

Program Structure

The Master in Management | Finance program consists of several elements designed to educate and train skilled, innovative, responsible, and successful future leaders:

  • Welcome Week
  • Finance Prep
  • Essentials
  • Elective Essentials
  • Finance Focus
  • Master Thesis

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 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

Time Schedule Part-time Master in Management

Year 1Year 2
Residential weeks1 introduction week in Fall, 1 residential week in Spring2 residential weeks (Fall and Spring)
Weekend courses7-8 course weekends in Leipzig, Cologne or Munich, Friday 12:30 pm - Sunday 5:00 pm7-8 course weekends in Leipzig, Cologne or Munich, Friday 12:30 pm - Sunday 5:00 pm

1. Welcome Week

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


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.

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

3. Essentials

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.

Essentials (10 ECTS)
Integrated Case Study - Finance, Reporting, Strategy, Marketing, Logistics (7 ECTS)Economics (5 ECTS)
Problem Solving & Communication (5 ECTS)Negotiation (5 ECTS)
Ethics & Sustainability (5 ECTS)Leading Yourself & Self-Reflection (3 ECTS)

4. Elective Essentials

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.

International Macroeconomics (5 ECTS)Entrepreneurship (5 ECTS)
Value Chain Management (5 ECTS)Additional Options: International Study Trip / Open Course / Study Abroad (5 ECTS)
Coding & Data Literacy (5 ECTS)*

5. Finance Focus

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.

Financial Decision MakingAdvanced Financial Challenges
Financial Analysis & Modelling (5 ECTS)Entrepreneurial Finance (5 ECTS)
Corporate Valuation and Mergers & Acquisitions (5 ECTS)Financial Instruments & Asset Pricing (5 ECTS)
Capital Market Theory & Investments (5 ECTS)Advanced Corporate Finance & Taxation (5 ECTS)
Risk Management of Corporations (5 ECTS)Case Study Seminar with Finance Executives (5 ECTS)

6. Master Thesis

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. 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).

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.

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 140 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 organizing the exchange and even throughout your stay abroad.

Our partner universities!

This international experience is your opportunity for personal development and for establishing a global network that will accompany you through your career. Read about our students’ experiences in

Boost your career with HHL’s part-time Master in Management

The part-time Master program at HHL fast-tracks your career. Prioritize the advancement of your career without losing the stability of your current position. Become that investment manager, that consultant, that business development manager, that investment banking analyst or that executive assistant to the CEO – our university level, part-time Master in Management program will open up entirely new career opportunities for you.

For graduates' salaries in Germany

FT Master in Management Ranking

Average salary after graduation

HHL Career Service

Average salary increase in comparison to before the program

HHL Career Service

Worldwide for Career Service

FT Master in Management Ranking

HHL Career Service

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 9th 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!

Employment Statistics

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.

The HHL Network

Contacts are everything!

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!

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 3,300 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.

Learn more about HHL alumni

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 modules of the Essentials 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. All modules of the Finance Focus are usually taking place in Leipzig and in some cases at the other study locations. You will also 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.

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.


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 of 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 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.

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 Deadlines

The next part-time Master in Management | Finance classes (study location Leipzig, Cologne or Munich) are starting in September 2022.

  • November 30: Early Bird 1 – Tuition fee: EUR 28,000
  • February 28: Early Bird 2 – Tuition fee: EUR 30,000
  • June 20: final application deadline – Tuition fee: EUR 32,000

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 Ellen Schönfelder.

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 32,000, 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 28,000
  • Early Bird 2: February 28 – Tuition fee: EUR 30,000

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.

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 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.

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!

Ellen Schönfelder
Program Consultant