FINANCIAL MANAGEMENT MBA PROGRAM - International FIBAA accreditation until 2022 - Coburg University
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MBA PROGRAM
FINANCIAL MANAGEMENT
International FIBAA accreditation until 2022
FINANCIAL MANAGEMENT MASTER OF BUSINESS ADMINISTRATION
THE MASTER OFFICE CONTENTS
You are interested in finding out more about the MBA Financial
Management at Coburg University? Please contact us – we are
happy to help you!
mbafm@hs-coburg.de
1 | PROGRAM FEATURES 4
2 | TARGET GROUP 5
3 | MOTIVES FOR CHOOSING THE MBA PROGRAM FINANCIAL MANAGEMENT 6
4 | VOICES8
5 | DOUBLE DEGREE 12
6 | 10 REASONS 14
Study Coordinator external
Study Coordinator internal (from April 2020) 7 | CURRICULUM AND PROGRAM STRUCTURE 16
Christin Fichtmüller
Katarzyna Lisiewicz
8 | HOW TO APPLY 20
9 | EDUCATION AND LIVING EXPENSES 21
10 | ABOUT COBURG UNIVERSITY 22
11 | LIFE IN COBURG 24
12 | ADDITIONAL INFORMATION 26
13 | THE PRACTICAL SEMESTER 26
14 | ALUMNI NETWORK 29
Program Director Study Coordinator internal (until July 2020)
Prof. Dr. Victor J. Randall Ingrid Welack 15 | USEFUL CONTACTS 30
ENQUIRIES LEGAL NOTICE
Editor Design & Layout Printed with green electricity on
Master Office Coburg University of Applied Sciences and Arts Department of Business and Economics Simon Geistlinger environmentally friendly paper,
T. +49 9561 317-325 Department of Business and Economics Coburg University of Applied Sciences and Arts Photographs without the use of mineral oil or ink
F. +49 9561 317-334 Friedrich-Streib-Straße 2 Friedrich-Streib-Straße 2 Coburg University containing heavy metals.
mbafm@hs-coburg.de 96450 Coburg, Germany 96450 Coburg, Germany Bavarian State Parliament Version 4 © 2020/21
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FINANCIAL MANAGEMENT MASTER OF BUSINESS ADMINISTRATION
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PROGRAM FEATURES 2|
TARGET GROUP
If you are interested in general management and finance, have an knowledge and skills in the area of finance, management accounting,
T he two-year Coburg MBA program in Financial Management is a full-time, residential course of study that
leads to a general management degree with a focus on finance, while helping you to develop your vision
and the skills to achieve it. The MBA program Financial Management of Coburg University was launched with
entrepreneurial spirit, are globally-minded and ambitious, our MBA
program Financial Management could be just right for you.
As the program is internationally-oriented, it is primarily geared towards
business strategy and decision-making techniques, including social
competencies and information management tools, necessary for effective
management. The goal of the program is to provide graduates with the
the support of the German Academic Exchange Service (DAAD) in the year 2001. The FIBAA*) renewed the the requirements of graduates from abroad interested in promoting their set of skills ultimately required for a CFO position.
program’s existing International Accreditation in 2016 (valid until 2022).
It is the only English-taught international full-time MBA program in Germany with a dedicated focus on finance. CLASS PROFILE
Financial Management students have an international outlook and are driven by determination, resilience and creativity.
Currently, around 60 post-graduate students from 27 countries are enrolled.
MASTER PROGRAM Financial Management
DEGREE Master of Business Administration (MBA)
28 Students
per semester 30 Age in
years 3 Years of work
experience
LOCATION Coburg, Bavaria / Germany
MAJORS Financial Management, Treasury, Management Accounting, Business Strategy
98% International
students
67% Male students
33% Female students 6 Students per
professor
PROGRAM STRUCTURE • Fulltime program
• 4 terms (including internship) *average numbers from student classes of 2015-2019
• 120 Credit Points (ECTS)
CAREER IMPACT
LANGUAGE OF INSTRUCTION English
TUITION FEES 2,950 € per term **) The vast majority of graduates remain in Germany after completing their Financial Analyst, SAP Consultant, FX Manager, Risk Analyst. Recently our
studies in Coburg. Often they are employed by international corpora- graduates have successfully launched their post-MBA careers at companies
tions. Generally, graduates find it easy to procure a professional position such as adidas, Allianz, Bosch, BMW, Brose, Commerzbank, Continental,
TARGET GROUP Young professionals with proven intellectual vitality and leadership potential in their areas of choice; primarily: Finance and Banking, Management Daimler, Deutsche Bank, Deutsche Börse, Deutsche Bundesbank, E.ON,
Accounting, Treasury, Business Strategy, Consulting. Initial assignments Henkel, Knorr-Bremse, KPMG, Linde, Metro, Opel, Schaeffler, SAP, Siemens
typically are: Finance Director, Financial Controller, Corporate Treasurer, and Volkswagen.
ADMISSION REQUIREMENTS • Bachelor‘s or higher degree (a minimum 2.5 GPA on the 4.0 scale)
• Work experience of at least 2 years
• Proficiency in English language
80% of our graduates find 46% of our graduates start their 29% of our graduates find a job
• Selection interview their first position in Germany career in Financial Services in the Automotive industry
(see further details under “How to apply”)
19% Controlling 21% Chemicals
PROGRAM START October 1st - Winter Term ***)
6% Accounting
APPLICATION DEADLINE August 15th (EU nationals); July 15th (non-EU nationals)
12% Consulting 19% Pharmaceuticals
*) Foundation for International Business Administration Accreditation 6% Insurance
5% Others 17% Banking
**) Please inform yourself for current information and changes online at www.coburg-university.de/mbafm. 20% return to their home countries or are 3% Treasury 3% Strategy 8% Insurance 6% Others
***) Winter Term: October 1st to March 14th, including 3 weeks examination period and semester break employed by German companies abroad
Summer Term: March 15th to September 30th, including 3 weeks of examination period and semester break
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FINANCIAL MANAGEMENT MASTER OF BUSINESS ADMINISTRATION
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MOTIVES FOR CHOOSING INTERNSHIP, FIELD TRIPS AND ACADEMIC EXCURSIONS
We believe that academic education at Coburg University is not limited to a
THE MBA PROGRAM FINANCIAL MANAGEMENT classroom environment, but also happens off campus. Hence, we try to
expose and connect our students to the real world on a variety of levels.
For this objective, our MBA students participate in:
PROFILE WHAT YOU’LL LEARN
Our MBA program Financial Management is designed to enhance the The MBA program Financial Management is a general management • a 20-week internship at a listed German company or a leader
knowledge and skills of graduate students seeking leadership responsibi- program with a focus on finance, management accounting, treasury and in their respective industry
lities in the area of finance and to improve their social and methodological business strategy. • firm outings and cultural study trips linked to specific coursework,
competencies. They strive for an internationally recognized degree and a You will learn cutting-edge models and techniques to solve real-life giving them the opportunity to visit a number of iconic cities and
managerial position in finance or business. Graduates from all disciplines business problems with a special focus on finance. You will be able to experience German culture and history
can enroll to the MBA program Financial Management after having understand the interdependencies between these and learn how to
acquired at least 2 years relevant work experience. operate with them.
• an academic excursion led by staff and faculty, in which we explore “We believe that academic education
the business, political and cultural facets of large German cities or
the capital cities of our neighbours at Coburg University is not limited to
The program is internationally-oriented and especially geared to the In addition to the theoretical and practical foundations of financial
requirements of foreign students. German language skills are not management, strong emphasis is also given to the development of The internship, field trips and academic excursion bridge theory and
a classroom environment, but also
required since all modules are taught in English. students’ social and information management competencies. practice. They form an integral part of the curriculum. We consider happens off campus. Hence, we try to
For German students, the MBA program Financial Management presents
a unique opportunity to profit from a friendly, cross-cultural, internatio- You will spend your time collaborating with international, talented,
these activities key to enhance students’ networking abilities and
stimulate their integration in Germany, whilst facilitating contact
expose and connect our students to
nal learning environment. engaged classmates, who will teach you more than you can imagine. with future employers. Invariably they are memorable experiences. the real world on a variety of levels.”
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FINANCIAL MANAGEMENT MASTER OF BUSINESS ADMINISTRATION
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VOICES
“The program gave me the perfect head start
I needed to start my career - it took me out of “The MBA provided us with a wide range of
my comfort zone and brought out a version of skills, teaching us not just theory but strategic
me I never knew existed.” and management skills.”
SAUD | Expert Finance, Allianz Global Investors ANASTASIA | Financial Statement Assurance Services, Ernst & Young
“The integrated internship opened the door for “The program gave me a comprehensive
me to start a finance career in a well-known insight in the finance world and helped me
German automotive company.” find my place there.”
MIN | Senior Manager Treasury, German Automotive Company ANNE-LENA | Project Manager, Siemens
“The applied or practical nature of the program “I would recommend the program to anyone
was key in my personal development.” looking for a career in the financial industry.”
MIRYUSUP | Head of Operations, Deutsche Börse Cash Markets IVAN | Senior Consultant for DACH region, FactSet
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FINANCIAL MANAGEMENT MASTER OF BUSINESS ADMINISTRATION
AFGHANISTAN KOREA
ALBANIA KOSOVO STUDENT COUNTRIES OF ORIGIN
ARMENIA KYRGYZSTAN
AZERBAIJAN
BANGLADESH
LATVIA
LEBANON
98% of our students come from abroad!
BELARUS LITHUANIA
BOLIVIA MACEDONIA
BRAZIL MALAWI
BULGARIA MEXICO
CAMEROON MOLDAVIA
CHILE MONTENEGRO
CHINA MOROCCO
COLOMBIA NEPAL
CZECH REPUBLIC NIGERIA
DJIBOUTI PAKISTAN
DOM REP PANAMA
ECUADOR PERU
EGYPT POLAND
ETHIOPIA ROMANIA
FINLAND RUSSIA
FRANCE SINGAPORE
GEORGIA SLOVAKIA
GERMANY SPAIN
GHANA SRI LANKA
GREECE SYRIA
GUINEA TAIWAN
HONG KONG TAJIKISTAN
HUNGARY THAILAND
INDIA TURKEY
INDONESIA TURKMENISTAN
IRAN UKRAINE
IRAQ UNITED KINGDOM
IRELAND UNITED STATES
ISRAEL UZBEKISTAN
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JAMAICA VENEZUELA
JORDAN
KAZAKHSTAN
VIETNAM
ZAMBIA
Hitherto NATIONALITIES in class –
KENYA ZIMBABWE the MBA Financial Management is a truly international program, featuring
an optional DOUBLE DEGREE from our partner university USC Australia!
KONGO
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FINANCIAL MANAGEMENT MASTER OF BUSINESS ADMINISTRATION
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DOUBLE DEGREE
WITH USC AUSTRALIA
FROM 2020
DARWIN
SUNSHINE
AUSTRALIA QUEENSLAND COAST
BRISBANE
PERTH SYDNEY
CANBERRA
ADELAIDE
MELBOURNE
HOBART
BUSINESS ON THE WORLD STAGE
Earn a Master in International Business (MIntBus)
together with your MBA degree from Coburg
University - without prolonging your overall study
duration!
SUITABLE FOR ALL FM STUDENTS
• A n international Double Degree provides you a competiti-
ve advantage in the global business environment
• The additional academic and cultural experience will
increase your skillset and knowledge, allowing you to
specialize in your desired field
ADVANTAGES
• Learn strategic management, managing across global
cultures, international trade & finance, marketing in an
international environment and much more!
• The double degree with USC will equip you with skills to
manage a business in the complex, competitive and
challenging world of international business
• The double degree program takes ONE semester*
*) Specific syllabus applies for credit recognition. For
further information contact the Master Office and visit
www.usc.edu.au/BU783
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FINANCIAL MANAGEMENT MASTER OF BUSINESS ADMINISTRATION
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10 REASONS TO STUDY FINANCIAL MANAGEMENT
AT COBURG UNIVERSITY
1 EXCELLENT LEARNING ENVIRONMENT
In Coburg you will find a unique learning environment, tutors and small class sizes. Our size allows
for a great student-professor ratio and enables you to encounter an open ear anywhere on campus.
6 A PRACTICAL APPROACH TO LEARNING
Studying in Coburg is characterized by a practical, hands-on teaching approach.
Together with your classmates, you will work on case studies, business simulations and real-life projects.
7 CUSTOMIZE YOUR PROGRAM & DESIGN YOUR FUTURE
2 OUTSTANDING TEACHING
The program structure allows you to individually tailor the path that fits closest to your professional aspirations
through elective courses and internship opportunities.
Experienced professors and guest lecturers who combine teaching with management jobs, ensure
a state-of-the-art, modern and practical approach, whilst connecting you to the professional world.
GLOBAL NETWORK 8 LIVE A 360° EXPERIENCE
3 BE PART OF A Studying Financial Management in Coburg is more than just an academic experience. Our campus comprises
over 5400 students representing 60 nationalities that participate in dozens of exciting activities in and around Coburg.
You will find yourself studying in an international environment. Having classmates from Asia,
Africa, America and Europe, you will learn about various cultures and adopt a global perspective.
LAUNCH YOUR PROFESSIONAL CAREER 9 INTEGRATED GERMAN LANGUAGE COURSES
4
German language classes are offered at various levels of proficiency. They are geared
After completing their MBA degree, the majority of our graduates build a career in finance, to provide you with the language skills required to successfully access the German job market.
treasury, strategy or management accounting. Around 80% of our graduates remain in Germany.
5 QUALITY SEAL BY FIBAA SERVICES AND SUPPORT FOR INTERNATIONAL STUDENTS
The program‘s continuing institutional accreditation by FIBAA, the European, internationally
oriented agency for quality assurance in higher education, was reaffirmed until 2022.
10 At Coburg University, we offer you a first-class education combined with personal service. From opening
a bank account to finding accommodation or setting up health insurance, there is always someone around to support you!
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FINANCIAL MANAGEMENT MASTER OF BUSINESS ADMINISTRATION
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CURRICULUM AND PROGRAM STRUCTURE
D uring the 1st and 2nd term, you will build your foundation in
general and financial management. Electives allow you to specialize
in areas of particular interest and thereby to develop expertise with
1st Term 2nd Term 3rd Term 4th Term
your career ambitions in mind.
Intercultural Management and Ethics (5) Human Resource Management and Leadership (5)
An internship at a German company (no work permit required) is an Treasury Management (5)
integral part of the study program and is scheduled for the 3rd term. Business Strategy and International Marketing (5) Financial Management Accounting (5)
During their internship, students have the opportunity to apply the Risk Management (5)
theoretical knowledge and skills obtained in the program, as well as Information and Communication Systems (5) International Tax and Legal Systems (5)
become familiar with German business customs. The internship takes
place during the 3rd term of the program and lasts 20 weeks. German
International Economics (5) Corporate Finance (5) INTERNSHIP (22) Elective 3 (3)
students, who have never studied or worked abroad, are encouraged
to do the internship abroad.
Financial Markets and Institutions (5) Management of Projects and Business Simulation (5) Project Placement & Elective 4 (3)
The program has developed a large internship database and will
provide substantial contact data on request. Coaching (PPC) Seminar (2)
In the 4th term - having successfully participated in the requisite German Intensive Course I (3) German Intensive Course II (3)
modules - you will be able to focus on your master thesis. MASTER THESIS (15)
Many students choose to conduct research on an innovative theme
in one of their courses, while others prefer a topic relating to their Master Thesis Seminar (3)
tasks at their internship company. The timeframe for your master Elective 1 (3) Elective 2 (3)
thesis is 4 months.
31 ECTS 31 ECTS 24 ECTS 34 ECTS
FORMS OF ASSESSMENT
The curriculum provides information about the ECTS structure. The type 4 Electives need to be chosen (all have an equivalent workload) TOTAL: 120 ECTS
of assessment is related to the intended learning outcomes. At the end
of each term, written examinations, or alternative test formats, such as Base Modules - General Management (30)
case studies, individual projects, essay assignments and presentations,
Core Modules - Specialization in Financial Management (25)
take place. Core and Base Modules count 5 ECTS. Electives are credited
3 ECTS. German Intensive Course (GIC) (6)
Application & Transfer (29)
LEARN GERMAN AT COBURG! Electives (12) - can be taken in all semesters except 3rd Term (internship)
German language classes are offered at various levels of proficiency Master Thesis and Seminar (18)
and are free of charge to enrolled students of the MBA program
Financial Management. Our introductory courses are integrated into
the curriculum and do not require any previous German language skills.
In order to exploit the most attractive opportunities for your internship,
our language courses will equip you to pass the Goethe-Certificate A2
exam of the Common European Framework of Reference (CEFR).
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FINANCIAL MANAGEMENT MASTER OF BUSINESS ADMINISTRATION
STRUCTURE OF THE MBA PROGRAM FINANCIAL MANAGEMENT ELECTIVES (choice of any 4 courses) Further courses may be announced; not all electives may be offered in every year.
Applied Risk Management Financial Engineering Financial Planning and Analysis (FP&A)
• History of financial disasters and failures • Basic patterns of programming languages • Collection, interpretation
BASE MODULES (GENERAL MANAGEMENT)
• Review of selected failures • Market price building mechanism and communication of business
Intercultural Management and Ethics Business Strategy and International Marketing International Tax and Legal Systems in risk management for stock quotes and its technical and financial information
• Cultural dimensions • Defining a company vision • International tax law • Global Risk Map and Report implementation (XETRA) • Creation and analysis of financial
• Impact of culture on perception • Development, implementation and control • Double tax treaties • Pricing of options, futures and certificates projections
and motivation of business and operative strategies • Transfer pricing Business Psychology • Simulation of a trading system • Consolidation and conveyance of financial
• Management of cultural differences • Success factors of the German • Principles of international law • Psychology in decision making information to support decision making
and intercultural groups “Mittelstand” (medium-sized firms, the • European Law vs. Anglo-Saxon Common Law • The psychological concepts of nudging Introduction to Islamic Finance & Banking
• Ethical concepts and theories backbone of the German economy) and boosting • Foundations of Islamic Finance Quantitative Methods in Finance
• Management’s responsibility • Basic concepts of marketing and their Financial Management Accounting • Psychological basics in economics • Instruments and products • Present and future value concepts
• Ethical sensitization of enterprises adaption to international markets • International Financial Reporting • and finance • Differences between conventional • Statistical and probability concepts
• Strategic and operative marketing plans Standards (IFRS) and International • Organizational communication and Islamic Finance • Hypothesis testing
Information and Communication Systems Accounting Standards (IAS) and motivation • Challenges and the future • Quantitative methods for finance
• Requirements for information systems Human Resource Management and Leadership • Costing and budgeting
• Methods of data modelling, data • Current trends in HRM • Performance measurement Current Topics in International Finance Issues in Political Science Risk and Insurance Management
management and data analysis • Motivation and communication • Value-based management • Choice of exchange rate regime • Political institutions and political processes • Legal framework
• SAP FI/CO (in-house SAP server/interface) • Leadership styles • Currency crisis models • Autocracy and social contract • Regulation of insurance companies
• Liquidity, banks, leverage and the • Checks and balances at the international level
macroeconomics • Common good and diverse interests • Risk management regarding insurance
CORE MODULES (SPECIALIZATION IN FINANCIAL MANAGEMENT)
• European banking union products like life insurance, health
International Economics Corporate Finance Risk Management and financial stability Mergers and Acquisitions (M&A) insurance
• Effects of international trade • Techniques of corporate finance • Tasks and significance of risk management • M&A process
• Macroeconomic implications • Methods of investment in corporations and financial institutions Digital Transformation and Innovative Finance • Legal and regulatory issues Selected Topics in Corporate Finance
• Global trade imbalances • Working capital management • Risk management strategies • AI, Ethics, Big Data, Algotrading, Data • Price and synergies evaluation • Analysis of business problems in the field of
• Costs and benefits of monetary unions • Valuation methods • Identification, valuation and controlling Analytics, Machine Learning • Post-acquisition integration financial management
• Reaching financial targets of risks • Blockchain Finance and • Identification of price movements, technical
Financial Markets and Institutions • Risk management systems (ERM) Cryptocurrency Markets Operations Management analysis, fundamental analysis, price risks
• Global financial systems Treasury Management • FinTech Venturing, Impact on Finance Sector • Production planning and control (e.g. commodity price management)
• Selected national financial markets • Corporate liquidity management • Cyber Security, Data Protection, Regulation • Material requirements planning • Methods of macro- and microeconomic
• Financial intermediaries and institutions • National and international monetary • Supply Network Management analysis (5 Forces Model, PEST, BCG)
• Security markets transactions Econometrics • Supply Chain Collaboration Models
• Methods of pooling and netting • Bivariate & Multiple Regression Models Value Management in Marketing
• Logit and Probit Models SAP-FI • Transaction Marketing to Customer
• Cointegration and Vector Error Correction • Datamodel SAP Relationship Management
APPLICATION AND TRANSFER
Models • General ledger processes • Basic concepts of valuation
Management of Projects and Business Simulation Project Placement & Coaching (PPC) Seminar • Panel Data Models • Debitor/creditor processes • Managing the customer value
• Efficient management of projects • Review of internship and presentation of report • Closing processes/Fiscal year change • Managing the Brand value
• Successful realization of projects • Panel discussion in knowledge clusters
• Value-oriented business management • Brainstorming and exchange of experiences
INTERNSHIP & THESIS
(shareholder value, EVA, DCF, CFROI) • Intercultural aspects and soft skills
• Portfolio management • Evaluation and recommendations Internship Master Thesis
• Interactive computer-based business simulation game Pre-requisites and follow-up: • Independent research on an innovative, novel or complex
• 20 week company internship topic in the area of financial management
• Presentation of internship report • Mentoring and supervision from a professor of
GERMAN INTENSIVE COURSE
• Academic excursion to a major financial the Department of Business and Economics
German Intensive Course I German Intensive Course II and cultural centre in Europe • Attendance of the Master Thesis Seminar
• Preparatory course for Goethe-Certificate A1 • Preparatory course for Goethe-Certificate A2 • A2 Goethe-Certificate in German Language • 4 months timeframe
18 19FINANCIAL MANAGEMENT MASTER OF BUSINESS ADMINISTRATION
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HOW TO APPLY 9|
EDUCATION AND LIVING EXPENSES
APPLICATION
Fill in the online application, upload all
required documents and send it online to us. FUNDING REQUIREMENTS
APPLICATION DEADLINES Germany is not expensive in a European comparison.
However, secure funding is very important for the
• July 15th (non-EU nationals) success of your studies.
• August 15th (EU nationals) To get a better overview, we distinguish between
education and living expenses.
Tuition fees for the 4-term program currently comprise
11,800 € in total (2,950 € per term)*. In addition,
ADMISSION REQUIREMENTS REQUIRED DOCUMENTS students are required to pay an enrollment fee of
around 105 € every term.
1 | Applicants are required to have at least a Bachelor’s degree preferably in the field of • Completed application
Business Administration, Commerce or Economics (with a minimum grade of 2,5 on the We recommend budgeting at least 700 € per month for
• Passport or ID photograph
German scale or a 2.5 GPA on a four-point scale). An entrance qualification such as the general living expenses. This includes the costs for
Graduate Management Admission Test (GMAT) is recommended for graduates from other • Scanned copy of all relevant accommodation, travel and food, clothing, learning
academic disciplines such as engineering, natural sciences or the humanities. diplomas and certificates* material, health insurance, mobile phone and expenses
• Scanned copy of transcripts of records for recreational activities.
2 | Furthermore, work experience of a minimum of 2 years is required.
• TOEFL/IELTS or UNICERT II (institution
Applicants with a non-business degree must have at least 1 year practical experience *Please inform yourself for current information and
code number for TOEFL is 7450)
(out of a minimum of 2 years) in the field of commerce. changes online at www.coburg-university.de/mbafm.
• Scanned copy of passport
3 | All applicants must demonstrate sufficient proficiency in English by submitting
• GMAT Scores are recommended
the results of one of the following tests. For applicants who have not obtained a waiver,
(institution code number for GMAT is 7450)
the following are the required minimum scores:
Test of English as a Foreign Language (TOEFL)
• PBT 550 FINANCING
• iBT 80 ACCEPTANCE AND CONFIRMATION
Coburg University does not offer tuition-scholarships for MBA
International English Language Testing System (IELTS) Applications are reviewed on an ongoing students, but there are many organizations in Germany which
• 6,5 or UNIcert® II. basis. Candidates will generally be given provide scholarships for students from abroad.
notification on the status of their applicati- More information about German scholarships can be found
4 | Documents need to be uploaded to www.uni-assist.de for evaluation. We cover uni-assist on within 2 weeks. Once accepted, students on the website of the German Academic Exchange Service (DAAD)
handling costs for successful applicants. These costs will be reimbursed after enrolment. have 1 month to confirm their place. www.daad.de
5 | Applicants must also successfully participate in the selection process, which includes an *After arrival in Germany, applicants must Please approach us directly if you have questions about financing
interview. The selection interview will last 10-15 minutes and is designed to assess the present their original certificates and and funding options. Expenses arising from further education may
suitability, motivation and qualification of the applicant. The interview with applicants documents (no copies) to confirm their be tax deductible. Kindly seek advice from a tax consultant.
from abroad may be conducted by telephone or via Skype. enrolment in the MBA program.
20 21FINANCIAL MANAGEMENT MASTER OF BUSINESS ADMINISTRATION
10 | ABOUT COBURG UNIVERSITY
A FEW NUMBERS
• 5,500 students,
C oburg University has its origins in the year 1814 and has grown significantly over the last
ten years. Coburg University is a public university financed by Bavarian State Ministry of
Education, Science and the Arts. As its English translation “University of Applied Sciences
1,000 graduates (per year) and Arts” suggests, a Hochschule is characterized by practice-related teaching and research
as well as a strong practical bias. Its educational philosophy is designed to enable its students
• 10% international students
to apply their theoretical knowledge and methodological know-how to solve concrete problems
• 6 faculties, 7 scientific institutions, in their professional careers.
1 Academic Center for Sciences and
Humanities During their studies, the students at Coburg University are systematically trained to develop
• 22 bachelor degree programs, those skills. To make sure that students never lose sight of the practical relevance of what they
including 8 dual programs are learning, both full-time and part-time faculty members are required to have gained ample
experience in leading positions of business and administration.
• 17 Master degree programs, including
2 English-language international The practice-oriented approach to teaching is demonstrated by
programs
• 128 professors, 37 additional lecturers • the required internship
• the small size of classes allowing individual attention
• 516 staff members in teaching,
to be given to students
research and administration
• lab and field work, simulation games, project-centered
• 97 international partner universities education, and field trips
• Academic centre for sciences, • the faculty’s wide range of practical experience
culture and humanities
By the year 2021, the Free State of Bavaria plans to invest a total of € 65 million in the expansion
of the main campus.
STUDYING IN COBURG MEANS …
... eating a COBURG BRATWURST.
... testing your conditioning by cross-country skiing in the THURINGIAN FOREST.
... relaxing in the HOFGARTEN and watching the slackliners.
... having professors who are glad to take time for you OUTSIDE OF THEIR OFFICE HOURS.
... inviting friends and family to the COBURG DESIGN DAYS. ... singing KARAOKE at the Irish Pub on Wednesday.
... impressing your friends with a DISCOUNTED TICKET TO THE THEATER.
... having a few heated discussions with fellow students at PROJECT MEETINGS.
... benefiting from the professors’ CONTACTS IN INDUSTRY.
... noticing – to your dismay – that the SAMBA FESTIVAL is always at the same time as exams.
...… knowing about the GLOBAL HIGH-TECH COMPANIES located here.
22 23FINANCIAL MANAGEMENT MASTER
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Coburg
11 | LIFE IN COBURG fmcoburg
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Coburg
T he 41,000 residents of Coburg are proud of their city and their
university. They take part in the cultural and social life
of the city. Given Coburg‘s architectural and scenic beauty, the fact that
it has the second highest density of industry in Europe is surprising. fmcoburg
Coburg
There are a large number of medium-sized engineering companies and
automotive suppliers, as well as a lively creative scene. Additionally,
Germany‘s largest car insurer has its headquarters here. The future has
already begun in Coburg. The professors and the students of the Coburg
University are a part of this accomplishment.
The former residence city of Coburg is an ideal location for students
who wish to combine quality of life with a high learning quality.
Charming café-lined squares characterize the town centre. fmcoburg
Coburg
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Coburg
There are four castles in Coburg within a small radius. Visible from afar, oburg
n Instag ram: @ fmc
the Fortress stands proudly high above Coburg. Because of its dominant Follow us o
position, its size, but also because of its historical significance, Veste
Coburg is often referred to as „The crown of Frankonia.“ The medieval fmcoburg
Coburg
complex in a unique park landscape is one of the most beautiful and
best preserved castles in Germany. Ehrenburg Castle in Coburg‘s town SAMBA FESTIVAL
centre is considered to have been an important stage of German You should not miss the famous Samba Festival, which is reputed to be
nobility. The dukes resided there for almost four centuries. the biggest Samba Festival outside of Brazil. It attracts more than
In Callenberg Castle, you can experience how the dukes of the 19th 200,000 visitors each year in the month of July. Experience Coburg‘s
century lived. The British Queen Victoria, who was married to Coburg‘s energy with a Latin twist!
Prince Albert, once said the following about Rosenau Castle: „If I were
not who I am, I would have my real home here.“ INTERNATIONAL EVENTS
Each term the International Office organizes events for all students to
fmcoburg
The cultural diversity of Coburg is a hallmark of the city. Students are explore the city and the region. Bowling and ice skating as well Coburg
offered a wide variety of recreational, sporting and cultural activities as the traditional Christmas markets are some of the highlights to our
during their studies in Coburg. With its location in central Germany, students. In addition, these events are a great opportunity to get in
major cities are easily reachable by train, bus or car. contact with your fellow students.
THEATRE & CINEMA fmcoburg
Coburg
The Landestheater in Coburg is one of Bavaria’s best-known theatres. UPPER FRANCONIA IS BEER COUNTRY fmcoburg
You will be able to visit an opera, philharmonic concert, ballet or play. With its over 200 breweries, the region of Upper Franconia in northern Coburg
Coburg’s multiplex cinema has nine movie theatres on four floors. Bavaria has the highest concentration of breweries of any region in the
world. The heartland of Bavarian beer culture lies in
SPORTS & SWIMMING the region of Upper Franconia of which Coburg is an important part.
The sports offered in and outside university is diverse. At University, you More than 1,000 different beers are brewed in this region alone.
can play soccer, volleyball, basketball, learn Zumba or Yoga and much
more. Gyms and tennis courts are also available in Coburg. If you are into LOCAL SPECIALITIES
swimming you should check the public swimming pool “Aquaria” or the The Coburger Bratwurst is Coburg’s most famous local
hot springs in Bad Rodach or Bad Staffelstein which are only a few food speciality. The roasted sausage is traditionally grilled
kilometres outside of Coburg and reachable with your term ticket. over pine cones on an open fire.
24 25FINANCIAL MANAGEMENT MASTER OF BUSINESS ADMINISTRATION
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ADDITIONAL INFORMATION
ARRIVAL SUPPORT
We offer an orientation week for new students at the end of ACCOMMODATION
September. Therefore, we strongly recommend that students We provide on-campus housing facilities for our incoming students
arrive in Coburg during the first half of September. from abroad. Five modern student residences with around 500
apartments with kitchen, bathroom/WC, are available on the main
Activities during the orientation week include a welcome breakfast, campus. The rent is around 250 - 300 € per month. The room rate
„survival training“ for international students, support, assistance includes free internet access. The student restaurant and cafeteria
with how to complete forms, introduction to ODI Computer Services, provide warm meals and snacks all day long.
health insurance application, introduction to the university library,
visiting the local government office for residents, how to open
a bank account as a foreign national, etc. Furthermore, we provide
arrival support in Coburg. Students also receive help with luggage JOB OPPORTUNITIES STUDENT AMBASSADORS
transport, etc. There are job opportunities in the city of Coburg and limited For every new intake of Financial Management students,
placements at Coburg University. Typically, firms compensate we appoint student ambassadors, originating from different
students during their company internship in Germany with continents. These are senior students in Financial Management,
SERVICES AND SUPPORT FOR INTERNATIONAL STUDENTS a salary between 800 and 1,400 € per month. who will familiarize you with our campus, as well as the academic
Unlike larger universities throughout the world, you will not need and social environment in Coburg.
binoculars in order to see your professor at Coburg University.
Foreign students are supported by a student tutoring and counselling
system. A social and cultural activities program especially for foreign
students is organised to support their integration process.
Our International Office provides advice and support for international
students and resolves organizational issues relating to their studies.
VISA APPLICATION HEALTH INSURANCE
International students often need a visa to study in Germany. Everyone is required to have a health insurance in Germany.
It depends on the country of origin: Students from the European Accordingly, if you want to enroll in a German university you
Union (EU), the European Economic Area (EEA) and Switzerland need to present a valid health insurance.
do not need a visa.
Many students can use the health insurance from their home country.
International students from other countries generally need to apply This means that anyone who has statutory health insurance in his or
for a visa before coming to Germany. It may take 6-8 weeks for your her home country can register this insurance coverage with a statutory
application to be processed so please ensure that you apply well in health insurer in Germany. To find out the best way of doing this you
advance! will need to contact your local health insurance company. You generally
need a European Health Insurance Card (EHIC).
In order to apply for a visa, you need your ‘letter of acceptance’ from
Coburg University and a proof of financial support, which confirms Private health insurers from other countries are sometimes also
the funding of your living expenses during your stay in Coburg. accepted in Germany. In this case, you will need a confirmation
Please contact the German embassy in your home country regarding certificate to enroll in the university. If you have a private insurance,
a student visa. check if it is valid for Germany and covers all costs, as this is required
by German law.
Students who do not have access to their local health insurance will
need to obtain insurance in Germany.
26 27FINANCIAL MANAGEMENT MASTER OF BUSINESS ADMINISTRATION
THE PRACTICAL SEMESTER:
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KICK-START YOUR CAREER
Start your career with a world-class internship: The Financial Management program at Coburg
University will help you build a finance career at a global player based in Germany. Below is a selection
of the companies in which our students recently completed their integrated 20-week internships.
Kiel
Hamburg
Schwerin
Hamburg Bremen
Berlin
Wolfsburg Hannover
Hanover Berlin Potsdam
Magdeburg
Essen
Dusseldorf Monheim am Rhein Düsseldorf
Erfurt Dresden
Bonn
Bad Homburg
Frankfurt
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WELCOME
Mainz
Wiesbaden
TO OUR MBA FM ALUMNI NETWORK!
Ludwigshafen
Heidelberg Erlangen Saar-
Herzogenaurach brücken
Walldorf Nuremberg
VA R I A
Stuttgart Stuttgart
Ingolstadt We believe our success depends greatly on your participation in our alumni program, therefore we
BA
strive to keep connected. As an alumnus/a, you can serve as a valuable career resource to others by
Munich
sharing your experience, skills, and expertise.
München
Currently we are developing the MBA Financial Management alumni network. As a former student
of the MBA Financial Management at Coburg University you are invited to join.
With your registration you remain a part of the university and you will have access to alumni news,
networking opportunities and university events. Moreover you are invited to share your academic
and professional experiences with fellow alumni and current FM students and build new connections
or rebuild old ones. For information on the status of our alumni network, kindly send an email to:
alumni.mbafm@hs-coburg.de
28 29FINANCIAL MANAGEMENT
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USEFUL CONTACTS
Pursuing a postgraduate qualification in a foreign country
is a huge career decision, and you might have many APPLICATION AND ADMISSION
questions. We would like to provide you with all the If you have any questions about the application
answers you need to make the right decision . process, admission requirements, or visa
www.coburg-university.de/before-you-arrive
www.daad.de/en/study-and-research-in-germany
STUDENT ACCOMMODATION STUDENTS UNION
For full details on apartment offers, when and how to The Students Union is not just about student clubs and
apply, costs, and different accommodation options societies. It´s an organisation dedicated to making students´
www.studentenwerk-oberfranken.de/wohnen/ lives better, and offers a range of support services.
wohnheime/coburg www.hs-coburg.de/sv
BUDDY PROGRAMM HEALTH-CONSCIOUS UNIVERSITY
MBA students join Coburg families and German-speaking There are special offers on exercise, diet and wellness. Coburg
fellow students to undertake joint recreational or University offers its students an extensive range of sports
sporting activities. activities, psychological counselling and much more.
international@hs-coburg.de www.hs-coburg.de/gesund-durchs-studium
TOURISM STUDENT SUPPORT MBA
Would you like more information about what Coburg has to I f you have any questions regarding optimal
offer? Then take a look at the website of the tourism office preparation for your studies, please contact
www.coburg-tourist.de/en mbafm@hs-coburg.de
30FINANCIAL MANAGEMENT
Finance mastered
in Coburg
YOU CAN CONNECT WITH US ON
www.facebook.com/fmcoburg
www.linkedin.com/company/fmcoburg
www.instagram.com/fmcoburg
www.coburg-university.de/mbafmYou can also read
