Frankfurt School of Finance & Management

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This article is about the business school in Frankfurt, Germany. For the group of neo-Marxist intellectuals associated loosely with the Institute for Social Research, see Frankfurt School.
Frankfurt School of Finance & Management
Logo of the Frankfurt School of Finance & Management
Established 1957 (1957)
Type Private non-profit
Budget EUR 71.3m (2011)
President Udo Steffens
Vice-president Ingolf Jungmann, Michael H. Grote, Hartmut Kliemt
Academic staff 63
Admin. staff 340 (incl. consulting services, excl. subsidiaries)
Students 1,405
Undergraduates 750
Postgraduates 648
Doctoral students 57
Other students 5,080 (continuing education programs)
Location Frankfurt am Main, Hesse, Germany
50°06′34.70″N 08°41′50.68″E / 50.1096389°N 8.6974111°E / 50.1096389; 8.6974111Coordinates: 50°06′34.70″N 08°41′50.68″E / 50.1096389°N 8.6974111°E / 50.1096389; 8.6974111
Campus Urban
Former names Bankakademie, Hochschule für Bankwirtschaft
Colors Blue and white         
Website www.frankfurt-school.de

The Frankfurt School of Finance & Management is a private non-profit Business school in Frankfurt, Germany.

History[edit]

The Frankfurt School of Finance & Management was founded 1957 as Bankakademie (Bank Academy), initially as a training institute for the employees of German banks. These continuing education programs remained the main focus for the first three decades. In the 1990s the pace of development accelerated. In 1989 the Bankakademie created its own publishing house, followed one year later by the foundation of the Hochschule für Bankwirtschaft (HfB), an academic institution offering degree programs. A consulting arm, International Advisory Services, was added in the 1990s as well, as was a separate department for Executive Education and tailor-made training programs for companies. Efiport, a subsidiary for e-learning and IT solutions for higher education, was created in 2001.

In 2004 HfB officially became a research institution with the rank of a university and was granted the right to award doctoral degrees. In 2007 HfB andBankakademie were merged under the new name Frankfurt School of Finance & Management.

Reputation[edit]

The Frankfurt School is officially recognised as a higher education institution with the rank of a university by the German authorities. As such, it has the right to award undergraduate, postgraduate and doctoral degrees. It has also been accredited by the German Council of Science and Humanities (Wissenschaftsrat) and by the FIBAA. Its MBA in International Healthcare Management is accredited by the EFMD. In May 2014, Frankfurt School received accreditation from AACSB.[1] In June 2014, Frankfurt School also received the EQUIS accreditation.[2] Frankfurt School joins just two other German business schools to be awarded both AACSB and EQUIS accreditations.

Frankfurt School at a higher education fair in Saudi Arabia. With its programs taught in English it attracts international students from around the world.

It was ranked the ninth best Business School in Germany by business magazine Wirtschaftswoche in 2014, based on a survey of more than 500 HR directors.[3] Its Master of Finance was ranked twentieth in the Financial Times ranking of Pre-Experience Masters in Finance in 2014 and was the only German program to be included.[4] The German business newspaper Handelsblatt ranked Frankfurt School as 8th best business research university in Germany in 2012.[5]

In a 2012 ranking of German undergraduate business programs by higher education think tank CHE, Frankfurt School was ranked best together with the University of Mannheim, the Technical University Munich, EBS, and WHU.[6]

The 2011/12 international Eduniversal list of the 1,000 best Business Schools ranked Frankfurt School 3rd in Germany and 126th worldwide.[7]

Being located in the heart of Frankfurt, Frankfurt School of Finance & Management boasts one of the best networks in the country for students interested in a career in the financial sector.

Degree programs[edit]

Undergraduate[edit]

The School offers six undergraduate programs, all awarding the degree of Bachelor of Science (B.Sc.). All programs are full-time with a total of 210 ECTS credit points. Two programs combine studies with a work position, and all have internships in Germany and abroad.

Program Focus Total duration (years) Time spent abroad (years) Teaching language
Business Administration Finance, Banking; intensive program 3 0.5 English
International Business Administration international and general management 3.5 1 English
Betriebswirtschaftslehre dual Finance/Banking or general management; in combination with a position in a bank and the possibility to obtain a separate vocational education degree as a banker ("Bankkaufmann") 3.5 0.5 German
Betriebswirtschaftslehre mit Schwerpunkt Wirtschaftsprüfung Auditing, in cooperation with KPMG 3.5 0.5 German
Wirtschaftsinformatik Management Information Systems; in combination with a position in a company and the possibility to obtain a separate vocational education degree as IT specialist ("Fachinformatiker") 3.5 0.5 German
Management, Philosophy & Economics Combines Philosophy, Business Administration and Economics 3.5 0.5 German

Postgraduate[edit]

Frankfurt School offers nine postgraduate programs and awards the degrees Master of Science (M.Sc.), Master of Arts (M.A.), Master of Business Administration (MBA) and Master of Laws (LL.M.).

Program Degree Focus Teaching language Duration (years) full-time/part-time ECTS Credit Points
Master in Auditing Master of Science (M.Sc.) Auditing German 3.5 part-time 120
Master of Finance Master of Science (M.Sc.) Capital Markets, Development Finance, Risk Management, Corporate Finance English 2 full-time (possibility to work part-time) 120
Master of International Business Master of Arts (M.A.) General Management with regional specialisation on Africa, Asia, Europe or Latin America English 2 full-time 120
Master in Management Master of Science (M.Sc.) Concentrations in Banking and Manufacturing English 2 full-time (possibility to work part-time) 120
Master in Risk Management & Regulation Master of Science (M.Sc.) Risk Management and Regulation English 2 part-time (possibility to work full-time) 70
The Full-Time MBA Master of Business Administration (MBA) Management and Leadership English 15 Months full-time 90
Executive Master of Business Administration Master of Business Administration (MBA) General Management German/English 1.5 part-time (possibility to work full-time) 60
MBA in International Healthcare Management Master of Business Administration (MBA) International Healthcare Management English 1.5 part-time (possibility to work full-time) 65
Master of Mergers & Acquisitions Master of Laws (LL.M) Mergers and Acquisitions German 2 part-time (possibility to work full-time) 60

Doctoral Program[edit]

Frankfurt School also has a 3-year doctoral program which awards the degree Dr. rer. pol.

Continuing and Executive Education[edit]

  • Bankfachwirt (IHK)
  • Bankbetriebswirt
  • Diplomierter Bankbetriebswirt
  • Fachberater für Finanzdienstleistungen
  • Fachwirt Finanzdienstleistungen
  • Investmentfachwirt (IHK)
  • Estate Planner
  • Financial Planner
  • Ship Finance
  • Retirement Planning

Faculty[edit]

The faculty at Frankfurt School is organized in five departments. In addition to the professors and lecturers there are eleven Program Directors who oversee and develop the degree programs. They are counted as faculty, although they form part of a different team that reports to the President rather than the Vice President for Academic Affairs and not all of them teach continuously.

Department Head Full professors Honorary professors Lecturers
Finance Christina E. Bannier 16 1 1
Management Erich Barthel 12 1 1
Economics Paul G. Schmidt 6 2 1
Accounting Jörg R. Werner 5 1 0
Legal Studies & Ethics Hartmut Kliemt 4 1 0

Campus[edit]

Frankfurt School Campus

The School's campus is located in Frankfurt, Germany in the district Ostend, directly opposite the construction site for the new headquarters of the European Central Bank. It also has rented office space in adjacent buildings. However, due to sustained growth the School will build a new, state of the art campus in Frankfurt's Nordend, which is slated to open in 2017.

Frankfurt School also has study centers in Hamburg and Munich and five offices around the world, mainly for recruitment of students and for activities related to its consulting and executive education: Nairobi, Beijing, Shanghai, Pune (India) and São Paulo.

Consulting[edit]

International Advisory Services (IAS) structures and implements consulting and training projects in emerging markets and developing countries. Clients include international donor organisations, non-governmental organisations (NGOs), international financial institutions (IFIs), microfinance institutions (MFIs), banks and other financial institutions.

Experts of Frankfurt School of Finance & Management’s division International Advisory Services have supported partners and clients in the following areas:

  • Capacity building and technical advisory services for banks and microfinance institutions of all types in all areas of banking and finance with focus on Micro and SME lending
  • Change management processes to meet growth, competition and transformation needs
  • Advisory to microfinance policy makers and regulators (downscaling, greenfielding, upscaling)
  • Technical support to training institutes and specialised microfinance competence centres
  • Conduction of market research, Due Diligences, feasibility studies and other studies

IAS reaches its clients through seven core competence centers:

  • Microbanking
  • Housing Finance
  • Small and Medium Enterprise Finance
  • Rural and Agricultural Finance
  • Fund Management
  • Risk Management
  • Sustainable Energy Finance

Subsidiaries[edit]

Frankfurt School has three subsidiaries: the publisher Frankfurt School Verlag; efiport, which specializes in IT solutions for higher education and Frankfurt School Financial Services, an asset management firm for development projects.

International partners[edit]

Undergraduate students learn about different opportunities for their study abroad at an in-house event.

Frankfurt School is a very international Business School, partly due to the fact that all undergraduate students go abroad for at least one semester. Currently, there are 84 partner institutions in 33 countries. The School has two dual degree agreements for the Bachelor program International Business Administration with Bond University in Australia and with the University of Colorado Colorado Springs in the United States.

Notable people[edit]

In the last 50 years over 100,000 students have graduated from the Frankfurt School of Finance & Management and its predecessors Bankakademie and HfB. Many of them hold important positions in German and international companies, especially in financial institutions.

References[edit]

  1. ^ "Frankfurt School Receives Prestigious AACSB International Accreditation". Frankfurt School. Retrieved 2014-05-12. 
  2. ^ "EQUIS accreditation for Frankfurt School". Frankfurt School. Retrieved 2014-06-23. 
  3. ^ "WiWo-Ranking: Frankfurt School again among Top Ten". Frankfurt School of Finance & Management. Retrieved June 23, 2014. 
  4. ^ "Masters in Finance Pre-experience 2014". Financial Times. Retrieved June 23, 2014. 
  5. ^ "Handelsblatt-Ranking Betriebswirtschaftslehre 2012". Handelsblatt. Retrieved 2012-09-17. 
  6. ^ "CHE-Ranking Bachelor (Uni) BWL 2012/13". Die Zeit. Retrieved 2012-11-20. 
  7. ^ "Eduniversal University and business school ranking in Germany". Eduniversal. Retrieved 2012-11-22. 

External links[edit]