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More Master Of Finance Students Are Choosing Frankfurt Over London

While Brexit looms over London, Frankfurt's premier business school has seen a boom in applications to its Master of Finance program


Tue Feb 5 2019

With UK politicians still deciding on the best method for withdrawal from the European Union, banks are already anticipating a financial crisis.

Since the Brexit referendum on 23rd June 2016, more and more big players in the finance industry have been jumping the metaphorical ship and moving large parts of their business to continental Europe including, prominently, the city of Frankfurt.

Just at the end of last year, newspapers predicted that London would lose up to $900 million in banking assets to Frankfurt, with 37 finance firms planning on relocating to Germany, including Morgan Stanley and Goldman Sachs.

This will inevitably prove a boost to business schools in the city, including Frankfurt School of Finance and Management, which is located in the center of Frankfurt.

“We’ve already had a huge boost in intake last year,” explains Grigory Vilkov (pictured above right), academic director of the Master of Finance program at the school. “I feel like it’s the combination of several factors—including Brexit.

“Senior people in the finance industry are being moved from London, and lots of companies in Frankfurt say they will be hiring in the next few years, and hiring on a top level.”

A top finance program

Frankfurt School’s Master of Finance program was ranked the best in Germany in last year’s Financial Times Master of Finance rankings, and 18th in the world for average salary three years after graduation, which stands at $89,659.

For Grigory, Frankfurt city’s growth in the last ten years—“I’m starting to see traffic jams that weren’t here 10 years ago!” he quips—is testament to its growing place as a European hub for finance jobs.

“The city is changing very, very rapidly,” he says. “In the past, the financial industry has been so concentrated in London, but now finance knowledge is spread around Europe, which is certainly beneficial for our students.”

Julia Knobbe, program director of the Master of Finance at Frankfurt School of Finance and Management, agrees with Grigory that Frankfurt is growing in importance in the finance industry—and says that this will provide ample career opportunities for finance students in the city.

“Frankfurt does offer unique opportunities for Master of Finance students,” she explains. “We have both the European Central Bank and the Bundesbank—this is something which is very much unique to Frankfurt.”

Julia also cites Germany’s economy as a possible boost for finance students in the country— “we have a strong job market,” she adds. “Even in the non-financial industry, corporations are desperately searching for young talent in corporate jobs.”

Alongside these unique job attractions, Frankfurt School offers unique opportunities for students on their Master's programs to get practical experience in the finance industry by employing a three-day study model for their programs.

Students are only required to attend lectures on three days of the week, including Saturdays, which leaves three days free for students to work part-time.

“It’s obvious there are more job opportunities for students in a finance hub like Frankfurt,” Julia attests. “At Frankfurt School even while studying students can take advantage of this—just being next door for job interviews is so useful.”

Gaining crucial experience

It was Frankfurt School’s unique three-day study model that attracted Nikolas Domingues Duisberg (pictured) to the Master of Finance program at the school.

Nikolas is half-Brazilian, half-German, and spent his youth in São Paolo, Brazil. When deciding where to continue his university education, Germany was a natural choice.

He completed his Bachelor's degree in business administration with a focus on banking in Mannheim, and thanks to Germany’s state-run ‘dual-study’ model, was able to work for German/French bank ODDO BHF in alternate three-month stages while studying for his degree.

After deciding to pursue a career in finance, the Master of Finance program at Frankfurt School of Finance and Management, with their three-day study model, proved a strong attraction for Nikolas. “Since I had already gained so much practical experience, it was a very natural choice,” he says.

Nikolas also considered business schools in London for his Masters, but the prospect of Frankfurt becoming a crucial business hub and the prospect of working and studying at the same time made Frankfurt “a great door opener” in his eyes.

“When I was applying to programs, I was aware that Brexit might really impact how the financial hubs are spread across Europe,” he muses. “You have all the major players in the finance industry here in Frankfurt, and you keep hearing that more players are extending their offices and coming to the city.”

While Grigory is certain that London will remain a popular place for finance students even after Brexit has taken effect, he says Frankfurt’s influence in the finance space will only grow.

“London will not be defeated, it will remain one of the major financial and academic hubs,” he states. “But Brexit has definitely given other centers the chance to catch up.

“Other European cities, like Frankfurt, will provide the same opportunities as London to finance students in the next few years,” he adds. 

Student Reviews

Frankfurt School of Finance & Management




Modern and global

Frankfurt School provided me with one of the best experiences of my life. I was an Erasmus student for a semester and could learn a lot. I took some mainstream courses like marketing and supply chain management, but also some innovative courses like applied persuasion and event planning. The professors are not only germans but from different parts of the world, mostly with international experience. The student life is great, the FS Bulls are a great community that is definitely worth being a part of. The best part is the campus, newly built with ultra modern architecture located in on the of the best neighbourhoods in Frankfurt am Main. You can find accomodation right next to it, many student residences at a fair price.




Career Oriented

I am a first year at the Frankfurt School and have been a prt of it for only a month; however, I can say for sure that the university provides its students with all the opportunities to grow professionally and personally. The majority of the professors are or have been successful professionals who easily relate the course material with real life and make lectures enjoyable. The extra curricular activities provided by the university are also a great step to life after graduation and give a head start for the students career.




University giving its students education of high quality and career prospects.

This university has helped me gain knowledge and experiences, that I lacked in my home country. Being in a great international surrounding, I have the opportunity to prosper and learn every day. The study program is very engaging, and the lecturers help you grow.





I’m a bachelor student at Frankfurt School of Finance and Management and my overall experience was better than I expected. The classes have a small number of students, which makes the relationship with the professor better because they become easier to approach. During my years of study, I had both practical and theoretical classes, like innovation management, big data & analytics, econometrics. But the theories and concepts are directly applied to real-life problems due to many professors working in banks or consultancies, which is really good. FS supports students in finding internships and semesters abroad, but when it comes to housing not so much because it’s not that easy in Frankfurt. FS offers dorms, but it is only to a limited amount of students and the facilities aren’t the best. In terms of student organizations, there are a lot of different sport clubs for almost every kind of sport, also student consulting, student investment club, student politics club, music, arts, etc. Living in Frankfurt is good, it is very multicultural in Germany, with lots of cultural actives, museums, parks, etc. The nightlife is also nice with proper nightclubs compared to the size of the city, Gibson, Velvet, Adlib to name a few, and there also is a bar district in Alt-Sachsenhausend and a lot of bars where bankers go in the city center. The campus is not really comparable to an actual campus like the American universities, but it’s a big modern building that was built 2 years ago. I would definitely recommend it to a friend if you're willing to pay that much for uni, because there are still a lot of public unis in Germany that are comparably good (Mannheim, Goethe, LMU Munich...).