Frankfurt School of Finance & Management
|Frankfurt School of Finance & Management|
|Budget||EUR 71.3m (2011)|
|Vice-president||Ingolf Jungmann, Michael H. Grote, Hartmut Kliemt|
|Admin. staff||340 (incl. consulting services, excl. subsidiaries)|
|Other students||5,080 (continuing education programs)|
|Location||Frankfurt am Main, Hesse, Germany
|Former names||Bankakademie, Hochschule für Bankwirtschaft|
|Colors||Blue and white|
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 publisher, 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.
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. Frankfurt School is currently pursuing accreditation by the AACSB.
It was ranked the sixth best Business School in Germany by business magazine Wirtschaftswoche in 2012, based on a survey of 500 HR directors. Its Master of Finance was the only German program to be included in the Financial Times ranking of pre-experience Masters in Finance in 2012. The German business newspaper Handelsblatt ranked Frankfurt School as 8th best business research university in Germany in 2012.
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.
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|
|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 of Quantitative Finance||Master of Science (M.Sc.)||Quantitative Finance||English||2||part-time (possibility to work full-time)||70|
|Master in Risk Management & Regulation||Master of Science (M.Sc.)||Risk Management and Regulation||English||2||part-time (possibility to work full-time)||70|
|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|
Frankfurt School also has a 3-year doctoral program which awards the degree Dr. rer. pol.
Continuing and Executive Education
- Bankfachwirt (IHK)
- Diplomierter Bankbetriebswirt
- Fachberater für Finanzdienstleistungen
- Fachwirt Finanzdienstleistungen
- Investmentfachwirt (IHK)
- Estate Planner
- Financial Planner
- Ship Finance
- Retirement Planning
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|
|Economics||Paul G. Schmidt||6||2||1|
|Accounting||Jörg R. Werner||5||1||0|
|Legal Studies & Ethics||Hartmut Kliemt||4||1||0|
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 has also rented office space in adjacent buildings. However, due to sustained growth the building is too small and the School is planning to of build a new campus in another part of the city.
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.
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:
- Housing Finance
- Small and Medium Enterprise Finance
- Rural and Agricultural Finance
- Fund Management
- Risk Management
- Sustainable Energy Finance
Frankfurt School has three subsidiaries: the publisher Frankfurt School Verlag; efiport, which specializes in IT solutions for higher education and ConCap Connective Capital, an asset management firm for development projects.
Frankfurt School is a very international Business School due to the fact that all undergraduate students go abroad for at least one semester. The School sends a lot of students out each year and receives a corresponding number of guest students. 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.
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 position in German and international companies, especially in financial institutions.
- "Die besten Unis und Fachhochschulen". Wirtschaftswoche. Retrieved July 10, 2012.
- "Masters in Finance Pre-experience 2012". Financial Times. Retrieved July 10, 2012.
- "Handelsblatt-Ranking Betriebswirtschaftslehre 2012". Handelsblatt. Retrieved 2012-09-17.
- "CHE-Ranking Bachelor (Uni) BWL 2012/13". Die Zeit. Retrieved 2012-11-20.
- "Eduniversal University and business school ranking in Germany". Eduniversal. Retrieved 2012-11-22.