The Frankfurt Institute for Risk Management and Regulation (FIRM) of the Goethe Business School aims at setting new standards in the field of risk management and regulation. To this end, FIRM supports relevant research as well as higher education programs in Frankfurt am Main. The institute is supported by the Gesellschaft für Risikomanagement und Regulierung e.V. (Society for Risk Management and Regulation) which was founded in June 2009 and which is involved with well-known banks as well as service providers, associations, and the state of Hesse.
FIRM offers the possibility of Risk Management Scholarships for exceptional applicants for the Master in Finance with a special interest in the field of risk management.
FIRM Risk Management Scholarships can amount up to 25% of the program’s tuition fee and will be deducted from the final tuition installment.
FIRM scholars will become members of the FIRM Alumni Network.
If you are an applicant coming from a country outside the European Union, please note that you will need to apply for a student visa to study in Germany. The German authorities will however not issue a student visa for part-time programs in Germany. Therefore, if you are able to relocate to Germany on a different type of visa other than a student visa, then it should be possible to study.
If you wish to obtain a student visa, you will have to look into fulltime programs in Germany. A good starting point may be the following website of the German Academic Exchange Service: www.daad.de/en.
Students wishing to enroll in the risk management specialization may also apply for a scholarship provided by the Frankfurt Institute for Risk Management and Regulation (FIRM). FIRM scholarships can amount up to 25% of the program’s tuition fee. FIRM scholars will become members of the FIRM Alumni Network.
Applications are accepted no later than February 1, 2019. For further information please download the FIRM Scholarship Factsheet.
We encourage you to speak to a GBS admissions advisor before starting your application in order to clarify open questions as soon as possible!
If you wish to apply, you must submit a complete application package to Goethe Business School’s Office of Admissions, either via post or online.
Submit the complete application package:
to the GBS Office of Admissions:
Goethe Business School
Office of Admissions
Postfach 11 19 32
60054 Frankfurt am Main, Germany
If you wish to submit your application online, please go to the Application Portal Master Programs, and complete the respective sections of the form. Please also ensure that you upload the following documents as part of your application portfolio:
The Office of Admissions will confirm receipt of the application documents to you via email.
Upon submission of your application portfolio, this is carefully assessed by Goethe Business School. If you are eligible for admissions, you will be invited for an admissions interview. The interview will be held in English and will take place at Goethe University’s House of Finance.
Upon confirmation of the date of the admissions interview, you will receive a mathematical test for completion at home. This Mathematics – Test Yourself assignment is to be completed prior to your admissions interview. The aim of this short test, which level is set at the final year of secondary education and covers calculus, algebra and financial mathematics, is to make you confident that you can solve mathematical tasks in preparation of successful program participation.
The Mathematics – Test Yourself assignment is meant as a ‘self-assessment’ exercise only, for and by the applicant. The test results will not be made available to GBS. During the admissions interview, however, the interviewers may discuss your general experiences with the mathematical test.
After evaluation of your admissions documents and the results of the admissions interview, the admissions committee communicates a final decision.
Candidates will be informed of the results of their application within 4 weeks of their admissions interview. If an offer to enroll is made, the applicant will be asked for an admissions decision within 7 working days.