Frankfurt School of Finance & Management
 | |
Former names | Bankakademie, Hochschule für Bankwirtschaft |
|---|---|
| Type | Private non-profit |
| Established | 1957[1] |
| Budget | EUR 71.3m (2011) |
| President | Udo Steffens |
| Vice-president | Michael H. Grote, Hartmut Kliemt |
Academic staff | 63 |
Administrative staff | 340 (incl. consulting services, excl. subsidiaries) |
| Students | 1,405 |
| Undergraduates | 750 |
| Postgraduates | 648 |
| 57 | |
Other students | 5,080 (continuing education programs) |
| Location |
Frankfurt am Main[2], Hesse, Germany 50°06′34.70″N 08°41′50.68″E / 50.1096389°N 8.6974111°ECoordinates: 50°06′34.70″N 08°41′50.68″E / 50.1096389°N 8.6974111°E |
| Campus | Urban |
| Colors | Blue and white |
| Website |
www |
The Frankfurt School of Finance & Management is a private non-profit Business school in Frankfurt, Germany.[3]
History
The Frankfurt School of Finance & Management was founded 1957 as Bankakademie (Bank Academy), initially as a training institute for the employees of German banks.[4] 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.[5] In 2007 HfB and Bankakademie were merged under the new name Frankfurt School of Finance & Management.
Accreditations
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.[6] In June 2014, Frankfurt School also received the EQUIS accreditation.[7] Frankfurt School is one of four German business schools with both AACSB and EQUIS accreditations.
Rankings
It was ranked the fourth best Business School in Germany by business magazine Wirtschaftswoche in 2015, based on a survey of roughly 540 HR directors. [8]
Frankfurt School's flagship program, the Master of Finance, was ranked 21st in the Financial Times ranking of Pre-Experience Masters in Finance in 2015 and was the only German program to be included. It has now featured in each of the last four FT rankings of the best Pre-Experience Masters in Finance programs globally. [9]
In 2015, Frankfurt School's Executive MBA featured for the first time in the Financial Times Executive MBA Ranking. It was rated as one of the top 100 EMBAs in the world, debuting at 93rd.[10] In the segment on top ten programs in selected categories of the same ranking, Frankfurt School was ranked 1st in Top for economics and 5th in Top for finance.[11]
Frankfurt School features at world number 82 (Germany number 6) in the Global Employability University survey 2015 compiled by French human resources consulting group Emerging Associates along with German polling and research institute Trendence. The ranking is based on surveys of 2,500 international recruiters in 20 countries.[12]
The German business newspaper Handelsblatt ranked Frankfurt School as 8th best business research university in Germany in 2012.[13]
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.[14]
The 2011/12 international Eduniversal list of the 1,000 best Business Schools ranked Frankfurt School 3rd in Germany and 126th worldwide.[15]
FS is ranked as 92nd in the world and 4th in Germany in the "Ranking Web of World Business Schools", an initiative of Cybermetrics Lab, a research group belonging to the Consejo Superior de Investigaciones Científicas (CSIC).[16]
Degree programs
Undergraduate
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
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 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
Frankfurt School also has a 3-year doctoral program which awards the degree Dr. rer. pol.
Faculty
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.[17][18]
| Department | Head | Full professors | Honorary professors | Lecturers |
|---|---|---|---|---|
| Finance | Zacharias Sautner | 16 | 1 | 1 |
| Management | Nils Stieglitz | 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
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
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
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
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
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
- ↑ "Frankfurt School of Finance & Management". German Education Partners. 2016.
- ↑ "Top Universities Frankfurt School of Finance & Management". Top Universities.
- ↑ "Master Portal". Mastersportal. 27 December 2012.
- ↑ "Company Overview of Frankfurt School of Finance & Management gemeinnützige GmbH". Bloomberg. 2016.
- ↑ "Frankfurt School of Finance & Management". Find-mba.
- ↑ "Frankfurt School Receives Prestigious AACSB International Accreditation". Frankfurt School. Retrieved 2014-05-12.
- ↑ "EQUIS accreditation for Frankfurt School". Frankfurt School. Retrieved 2014-06-23.
- ↑ "WiWo-Ranking: Frankfurt School ranked number 4". Frankfurt School of Finance & Management. Retrieved June 23, 2014.
- ↑ "Masters in Finance Pre-experience 2015". Financial Times. Retrieved June 23, 2014.
- ↑ "Business school rankings from the Financial Times - FT.com". rankings.ft.com. Retrieved 2015-11-12.
- ↑ "A league of their own: the top 10 MBA programmes in selected categories - FT.com" (PDF).
- ↑ http://www.timeshighereducation.com/carousels/global-employability-university-ranking-2015-results
- ↑ "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.
- ↑ http://business-schools.webometrics.info/en/Europe/Germany
- ↑ "Frankfurt School of Finance and Management". Access Masters. 2016.
- ↑ "Frankfurt School of Finance & Management". Frankfurt Main Finance. 2016.