Frequently Asked Questions

Below you find answers to the most common questions our Recruiting & Admissions Team was asked over the past recruiting cycles. To gain deeper insights into the specific features of our master programs, you are invited to join us for one of our information sessions.

In case of individual questions, please don't hesitate to get in touch with our Recruiting & Admissions Team!


General Questions


When is tuition fee to be paid?

Tuition is billed in three installments which are payable at the beginning of each semester. Students receive a tuition payment schedule with every invoice.


As GBS student, do I have full access to Goethe University's infrastructure?

Yes. GBS students are enrolled as regular students of Goethe University Frankfurt and thus benefit from all advantages, such as access to and use of all libraries and learning facilities on campus, the use of the RMV semester ticket for public transport as well as access to the Palmengarten and benefits for cultural institutions like museums and theaters.


Is it possible to attend lectures (Class Visits)?

Yes, by appointment we offer qualified candidates the opportunity to get an one-site impression of lectures, exercises and the campus. If you are interested, please contact our Recruiting & Admissions team via email under recruiting[at]gbs.uni-frankfurt.de along with a copy of your current CV.


Can I get in touch with current GBS students or alumni before applying?

Yes, we are happy to provide you with the contact information of a current student or alumnus. We will try to find a student or alumnus whose academic and/or professional background best matches yours. Please contact recruiting[at]gbs.uni-frankfurt.de for further assistance.


Which advantages do I have as a GBS graduate?

As a GBS graduate, you have access to a large network of professionals and a variety of GBS events. Graduates of GBS also become alumni of the Faculty of Economics and Business Administration of Goethe University and are part of a preeminent global network of graduates pursuing a wide variety of careers.


Can I organize my studies without being on campus?

When not in class, you will stay connected with your professors and fellow students through the virtual learning platform OLAT. The platform serves as a vital communication center to manage deadlines and course materials, and to share group work, thus maintaining the communication flow between students, faculty, and administration.


How can I demonstrate my English proficiency?

Admission to GBS master programs requires an English proficiency at min. B2 (CEFR), ideally C1 level. As a proof of English proficiency, GBS accepts standardized certificates (e.g., TOEFL-iBT, IELTS). If you are a native speaker or have worked in an English-speaking country (for longer than one year), waivers are possible. Applicants who have already completed graduate studies delivered in English can submit appropriate documentation as proof.


What happens if I fail an exam?

If you have failed to successfully complete a module's academic requirements at its first examination attempt, you will be given two opportunities for make-up. The first and second attempts to successfully complete a course take place in the semester in which the course is taught. The third and final attempt is offered with the next cohort (group of students) when the course is again offered a year later.


Does GBS accept transfer credits?

Yes, program regulations allow the possibility of transfer credit. Please note, however, that recognition of coursework is to be completed during the admission process, i.e. before starting the program. In order to complete this process, we will need your academic transcripts (showing CP earned and date of completion for the courses), as well as the respective course syllabi. The syllabi should include the “key concepts” and "learning objectives” for the course in consideration.


What is the language of instruction?

Relevant course material, textbooks and instructions are in English.


What does "studying part-time" mean?

In the first three semester, lectures take place every two weeks on Friday afternoons (1 pm to 8 pm) and Saturdays (9 am to 4:30 pm). In the fourth semester, the master thesis is written, i.e. students are not expected to be on campus on a regular basis. This format leaves enough room to coordinate work, study and leisure time. All dates are fixed well in advance allowing for long-term planning of personal and professional schedules.


How much time will I need to invest in studying between class sessions?

The times for self-study varies depending on your prior knowledge, the semester and the courses. According to the feedback we collected from alumni, students should expect to invest about 10 to 20 hours a week to prepare for the courses.


Is classroom attendance mandatory?

Although parts of the learning content are provided on an online platform, GBS strongly encourages students to attend all courses: The interactive dialogue between fellow students and lecturers can only take place in plenary and helps to convey and understand the content using current case studies.


Is blended learning implemented in the programs?

The interactive and personal dialogue between fellow students and lecturers in class is essential for the successful completion of the program and for building a strong network of peers. This is why e-learning or blended learning may be implemented into the program but are not an essential element.


Are faculty available outside of the classroom?

Yes, faculty members are normally available between class sessions and after residencies. Each course also has its own communication tools where faculty and students can exchange ideas and request feedback. Additionally, you will always find faculty available before and after classes and even joining students for lunch and special events.


How can I proceed to receive corporate financial support?

Policies vary among companies in terms of how they view educational benefits. Representatives from GBS are available to discuss strategies for gaining corporate sponsorship within your organization. We see the program as a partnership of the student, the organization, and GBS, and want to make sure that you have all the information you need to receive adequate support from your organization.

For further information on financing your studies see: Master in FinanceMaster of Pharma Business Administration and Master of Digital Transformation Management.


Is it possible to join the program in a later semester?

Joining the program in a semester later than semester 1 is only possible if you have been awarded the relevant transfer credits when applying for the program. According to the program regulations, the eligibility of being enrolled in a specific semester requires the successful completion of (a specific number of) specific modules.


I live outside of Germany; can I nevertheless expect to manage a part-time program based in Frankfurt?

Yes. The program format both minimizes the time students need to be on campus and the amount of travel / time away from work. In total, there are ca. 60 days of classroom instruction over approx. 30 weekends in a four-semester period. That is, students travel to Frankfurt about 30 times during the program. All dates are fixed well in advance allowing for long-term planning of personal and professional schedules.


Is tuition tax deductible?

Yes, all costs incurred in connection with our master programs, including travel expenses, books, laptop or similar, are fully tax deductible.

For further information on financing your studies see: Master in Finance, Master of Pharma Business Administration and Master of Digital Transformation Management.


What possibilities exist for student financing?

A student loan may be an option for financing your studies at Goethe Business School. Also in Germany, the market for student loans has been growing steadily in recent years. Keep yourself well informed and compare different offers, as the conditions vary widely.

For example, the Deutsche Bildung allows one-time payments during the study programs. The state-owned KfW Bank offers loans for students younger than 44 years. Another provider is Festo Bildungsfonds. For a good and constantly updated overview, also see CHE Studienkredit Test.

For further information on financing your studies see: Master in FinanceMaster of Pharma Business Administration and Master of Digital Transformation Management.

Master in Finance


How much does the Master in Finance program cost?

Depending on the application deadline, tuition of the Master in Finance program is between EUR 18,500 and EUR 21,500. Upon accepting an offer of admission, applicants pay a non-refundable tuition deposit of EUR 1,000.

The tuition (less the non-refundable tuition deposit) is payable in three installments at the beginning of the first three semesters. The tuition fee corresponds to a program duration of a total of 4 semesters. Tuition includes Goethe University semester fees and the RMV-Semesterticket. 

For further information on financing your studies see: Master in Finance.


Is there a maximum class size of the Master in Finance program?

In order to ensure sufficient room for dialogue and effective, interactive collaboration, the maximum class size is 45 study places per cohort for the Master in Finance program.


Which lecturers teach in the Master in Finance program?

In order to be able to impart not only theoretical but also practice-relevant knowledge during your studies, we attach great importance to qualified faculty. These are either distinguished academics, teaching practitioners or guest speakers from relevant areas.

In doing so, we draw on the resources of the Faculty of Economics and Business Administration of Goethe University and the networks of GBS as well as Goethe University's House of Finance.


Is the Master in Finance accredited?

Yes, the Master in Finance program is ZEvA accredited. The Association to Advance Collegiate Schools of Business (AACSB) has also accredited the Faculty of Economics and Business Administration at Goethe University.


Since when is the Master in Finance program offered?

The Master in Finance program originally started in 2005 with a focus in finance and accounting. The program was restructured in 2013 with a focus on financial management. A specialization in risk management was added to the program in 2016.


How many Master in Finance graduates are there yearly?

There are ca. 30 to 35 Master in Finance graduates per annum.


Which career perspectives do I have after graduation?

The Master in Finance program was designed specifically for working professionals with at least one year of post-university finance or a finance-related work experience. That is, our students currently hold positions in finance-related areas such as auditing/accounting, business analysis, consulting, controlling, financial analysis, risk controlling, etc. They are pursuing their master’s degree in finance in order to qualify themselves for the next career step.


When do application deadlines end and when do I receive feedback?

There are three application deadlines for the Master in Finance, for which you can submit your documents. Depending on the adherence to the three deadlines, you will receive a discount on tuition fees.

The admissions process starts with a thorough review of your documents. Usually within three working weeks, you will receive feedback on whether your application has been successful and whether you have been admitted to the program. This allows you to coordinate study time and working hours with your employer at an early stage. 


What undergraduate degree do I need to apply for the Master in Finance?

In order to apply for the Master in Finance you need a first university degree (ideally quantitatively oriented) equivalent to at least 180 credit points. Equivalent Berufsakademie degrees are recognized.


How much professional experience is required to apply for the Master in Finance program?

To apply for the Master in Finance program, a minimum of one year post-graduate qualified professional experience in the field of finance is required. Internships or trainee programs can not be taken into account.


How long is the Master in Finance program?

The Master in Finance program can be completed within 22 months. Classroom instruction takes places in semesters 1-3. The Master Thesis is to be completed within 14 weeks in semester 4.


When do Master in Finance lectures take place?

The Master in Finance starts annually at the beginning of the summer semester. Thus, the lecture period begins in early April and ends in mid-August, until the end of September is lecture-free time. In the winter semester the lectures start in October and end in mid-February, the time until the end of March is lecture-free. Classroom instruction takes places in semesters 1-3.

Please note that in the semester break make-up exams may take place. 


Are there any scholarships available?

For the Master of Finance program scholarships are available for students with a focus on "Risk Management" from the Frankfurt Institute for Risk Management and Regulation (FIRM). These can amount up to 25 percent of the program tuition and will be deducted from the third tuition installment.

For further information on financing your studies see: Master in Finance.


Master of Digital Transformation Management


How much does the Digital MBA program cost?

Depending on the application deadline, tuition for the Master of Digital Transformation Management program is between EUR 29,750 and EUR 35,000. Upon accepting an offer of admission, applicants pay a non-refundable tuition deposit of EUR 1,000.

The tuition (less the non-refundable tuition deposit) is payable in three installments at the beginning of the first three semesters. The tuition fee corresponds to a program duration of a total of 4 semesters. Tuition includes Goethe University semester fees and the RMV-Semesterticket.

For further information on financing your studies see: Master of Digital Transformation Management.


Is there a maximum class size of the Digital MBA program?

In order to ensure sufficient room for dialogue and effective, interactive collaboration, the maximum class size is 40 study places per cohort for the Master of Digital Transformation Management program.


Which lecturers teach in the Digital MBA program?

To be able to impart not only theoretical but also practice-relevant knowledge during your studies, we attach great importance to qualified faculty. These are either distinguished academics, teaching practitioners or guest speakers from relevant areas.

In doing so, we draw on the resources of a strong partnership: Goethe University, the Technical University of Darmstadt and the University of Kassel, as well as the networks of GBS and the House of IT.


When do application deadlines end and when do I receive feedback?

There are three application deadlines for the Digital MBA, for which you can submit your documents. Depending on the adherence to the three deadlines, you will receive a discount on tuition fees.

The Admissions Process starts with a thorough review of your documents. Usually within three to four working weeks, you will receive feedback on whether your application has been successful and whether you have been admitted to the program. This allows you to coordinate study time and working hours with your employer at an early stage.


Is the Digital MBA program accredited?

Yes, the Master of Digital Transformation Management program is accredited within the framework and procedures of Goethe University’s system accreditation by the Accreditation, Certification and Quality Assurance Institute (ACQUIN). The Association to Advance Collegiate Schools of Business (AACSB) has also accredited the Faculty of Economics and Business Administration at Goethe University.


Since when is the Digital MBA program offered?

The inaugural class of the Master of Digital Transformation Management program commenced studies in October 2017.


What undergraduate degree do I need to apply for the Digital MBA program?

In order to apply for the Master of Digital Transformation Management program, you need a first university degree equivalent to at least 180 credit points. Equivalent Berufsakademie degrees are recognized.


How much professional experience is required to apply for the Digital MBA program?

To apply for the Master of Digital Transformation Management program, you must have at least two, preferably 3-5 years of post-graduate qualified professional experience. Internships or trainee programs cannot be taken into account towards the recognition of work experience.


How long is the Digital MBA program?

The program can be completed within 24 months. Classroom instruction takes places in semesters 1-3. The Master Thesis is to be completed within 20 weeks in semester 4.


When do Digital MBA lectures take place?

The Master of Digital Transformation Management starts annually in the winter semester. Thus, the lecture period starts in October and ends in mid-February, until the end of March is lecture-free time. In the summer semester, the lectures start in April and end in mid-August, the time until the end of September is free of lectures. Classroom instruction takes places in semesters 1-3.

Please note that in the semester break make-up exams may take place. 


Are there any scholarships available?

There are currently no scholarships for the Master of Digital Transformation Management program.

For further information on financing your studies see: Master of Digital Transformation Management.


Master of Pharma Business Administration


How much does the Pharma MBA program cost?

Depending on the application deadline, tuition for the Master of Pharma Business Administration program is between EUR 29,750 and EUR 35,000. Upon accepting an offer of admission, applicants pay a non-refundable tuition deposit of EUR 1,000.

The tuition (less the non-refundable tuition deposit) is payable in three installments at the beginning of the first three semesters. The tuition fee corresponds to a program duration of a total of 4 semesters. Tuition includes Goethe University semester fees and the RMV-Semesterticket.

For further information on financing your studies see: Master of Pharma Business Administration.


Is there a maximum class size of the Pharma MBA program?

To ensure sufficient room for dialogue and effective, interactive collaboration, the maximum class size is 25 study places per cohort for the Master of Pharma Business Administration program.


Which lecturers teach in the Pharma MBA program?

In order to be able to impart not only theoretical but also practice-relevant knowledge during your studies, we attach great importance to qualified lecturers. These are either distinguished academics, teaching practitioners or guest speakers from relevant areas.

In doing so, we draw on the resources of a strong partnership: The Faculty of Economics and Business Administration, the Faculty of Biochemistry, Chemistry and Pharmacy of Goethe University and the networks of GBS and the House of Pharma & Healthcare.


Is the Pharma MBA program accredited?

Yes, the Master of Pharma Business Administration program is accredited within the framework and procedures of Goethe University’s system accreditation by the Accreditation, Certification and Quality Assurance Institute (ACQUIN). The Association to Advance Collegiate Schools of Business (AACSB) has also accredited the Faculty of Economics and Business Administration at Goethe University.

 

 


Since when is the program offered?

The inaugural class of the Master of Pharma Business Administration program commenced studies in October 2016.


When do application deadlines end and when do I receive feedback?

There are three application deadlines for the Pharma MBA program, for which you can submit your documents. Depending on the adherence to the three deadlines, you will receive a discount on tuition fees.

The Admissions Process starts with a thorough review of your documents. Usually within two weeks, you will receive feedback on whether your application has been successful and whether you have been admitted to the program. This allows you to coordinate study time and working hours with your employer at an early stage.


What undergraduate degree do I need to apply for the Pharma MBA?

In order to apply for the Master of Pharma Business Administration program you need a first university degree (typically but not limited to natural sciences) equivalent to at least 180 credit points. Equivalent Berufsakademie degrees are recognized.


How much professional experience is required to apply for the Pharma MBA program?

To apply for the Master of Pharma Business Administration program, you must have at least two, preferably 3-5 years of post-graduate qualified professional experience in the pharmaceutical industry or related fields. Internships or trainee programs cannot be taken into account.


How long is the Pharma MBA program?

The program can be completed within 24 months. Classroom instruction takes places in semesters 1-3. The Master Thesis is to be completed within 20 weeks in semester 4.


When do Pharma MBA lectures take place?

The Master of Pharma Business Administration program starts annually in the winter semester. Thus, the lecture period starts in October and ends in mid-February, until the end of March is lecture-free time. In the summer semester, lectures start in April and end in mid-August, the time until the end of September is free of lectures. Classroom instruction takes places in semesters 1-3.

Please note that in the semester break make-up exams may take place. 


Are there any scholarships available?

There are currently no scholarships available for the Master of Pharma Business Administration program.

For further information on financing your studies see: Master of Pharma Business Administration.