Frankfurt School of Finance & Management MBA Review

Attention ambitious professionals! Are you ready to embark on an extraordinary journey that will redefine your career trajectory? Look no further than the FSFM MBA program. With its cutting-edge curriculum, renowned faculty, and a supportive learning environment, the FSFM MBA offers an unparalleled educational experience that prepares you for leadership roles in today's fast-paced business landscape. Whether you aspire to drive innovation, excel in finance, or lead global organizations, the FSFM MBA equips you with the knowledge, skills, and network necessary to achieve your professional goals. Join us today and unlock your full potential with the FSFM MBA program.
 

The 2022 FSFM MBA cohort boasts a remarkable profile, with just 34 participants accepted into the program. Basing admission decisions on academic qualifications is key to ensuring students are adequately primed for success in today's challenging business environment - and here, an average age of 30 coupled with a range from 31-38 seems to indicate that they will be up-to-speed when entering their professional careers.

The cohort is quite eclectic in terms of professional trajectories, boasting students from several industries including technology and insurance as well as healthcare/pharmaceuticals. There is also a remarkable level of gender parity present among participants, with an effort to further foster diversity in the business arena being prioritized. In fact women make up a substantial portion of this program's student body and are actively encouraged to participate. 

Like many top-tier MBA programs, admission to FSFM MBA program is highly competitive and based on a variety of factors, including academic achievement, work experience, leadership potential, and personal qualities. The program's admissions committee reviews each application holistically, considering all of these factors when making their selection. It's important for applicants to submit a strong application that highlights their achievements and demonstrates their fit for the program.

The Full-time FSFM MBA curriculum offers a swift, 12-month learning experience with an impressively comprehensive curriculum designed to equip students with the essential knowhow and capabilities needed for success in the corporate world. The curriculum incorporates both lectures as well as modules spent abroad and culminates in a thesis period - offering opportunities not only to gain academic knowledge but also acclimate oneself with complementary skills such like project management, presentation techniques or intercultural management practices.

Core Courses at FSFM MBA 

• Understanding Customers & Markets: Focuses on understanding the market and consumers' needs and wants to develop an effective marketing strategy.
• MBA Leadership Camp: Provides students with leadership development and training through experiential learning.
• Global Economy: Offers a comprehensive understanding of the global economic environment, including the role of international institutions, trade policies, and emerging markets.
• Strategic Management: Emphasizes strategic planning, implementation, and evaluation in business decision-making processes.
• Managing & Measuring Value: Focuses on performance measurement and management techniques to evaluate and improve business performance.
• Accounting: Provides a foundation in financial and managerial accounting principles and practices.
• Data Science: Covers statistical analysis, data visualization, and machine learning concepts to enable data-driven decision-making.
• Marketing: Explores marketing research, consumer behavior, and marketing strategies for product development, promotion, and pricing.
• Corporate Finance: Covers financial decision-making, capital budgeting, and financial statement analysis to enable effective financial management.
• Leading Change & Managing Organizations: Provides an understanding of organizational behavior and change management concepts to improve leadership skills.

Electives at FSFM MBA 

• Organizational Behavior: Focuses on understanding individual and group behavior in organizations and developing effective management strategies.
• Operations Management: Covers concepts of production planning, inventory management, and quality control to improve efficiency and productivity.
• Advanced Management: Offers in-depth analysis of various management topics, such as family business, supply chain excellence, social impact, and lean start-up.
• Leadership: Provides leadership training through experiential learning and a comprehensive understanding of leadership theories and practices.
• Innovation: Explores innovation strategies and tools, such as design thinking, creativity, and entrepreneurship.
• Finance & Technology: Covers various financial topics, such as sustainable finance, alternative investments, capital markets, and financial technology (fintech).
• Digital Marketing: Focuses on digital marketing strategies, including social media marketing, search engine optimization, and online advertising.
• Thesis (Group Consulting Project / Entrepreneurial Business Plan / Independent Research Project): Provides an opportunity for students to apply their learning and skills to solve real-world business problems or develop a business plan.

Clubs and Associations at FSFM MBA 

• Finance & Strategy Club
• Technology Club
• Entrepreneurship Club
• Consulting Club
• Social Impact Club
• Women in Business Club
• Luxury Business Club
• Energy Club
• Marketing & Media Club
• Wine Society
• Sports & Wellness Club
• International Affairs Society

Extra Activities at FSFM MBA

The FSFM MBA program is rigorously academic, offering students both in-class and extracurricular activities to create a comprehensive learning experience. These associations provide opportunities for networking as well as leadership training and introduce students to varied activities beyond the classroom setting.

The school prides itself on organizing a number of activities throughout the year, including speaker sessions, company visits and workshops. These events provide students with valuable knowledge about different industries and enable them to network with professionals; moreover, alumni from this institution are dedicated to ensuring that current students have access to support when necessary..

The extracurricular activities at FSFM MBA are an essential part of the school's learning experience, providing students with opportunities to grow both personally and professionally. The activities allow students to develop their skills beyond the classroom, network with professionals, and explore their passions.
 

Scholarships for FSFM MBA

• FSFM Scholarship:This scholarship grants up to 50% of tuition costs and is available to applicants with demonstrated academic excellence coupled with financial need.
• Diversity Scholarship:This scholarship is bestowed to renowned applicants who exemplify unwavering devotion in fostering diversity and inclusion within their professional and personal spheres.
• Entrepreneurial Scholarship: This scholarship is available to applicants with a proven entrepreneurial record or who have successfully founded their own enterprise.
• Women in Business Scholarship:This scholarship is exclusively created for women desiring to blaze new trails in the realm of female entrepreneurship, is currently open to applicants. Those who have demonstrated their proficiency in furthering female advancement and fostering opportunities for females will be considered favorably.
• Merit-Based Scholarship: This scholarship is granted to candidates whose proven academic achievements, a robust professional experience and compelling leadership capabilities all attest to their exceptional worth. The amount awarded will be dependent upon the individual merit of each candidate.

The FSFM MBA program demands candidates to satisfy certain requirements and submit a specific array of documents before being considered for admittance.

FSFM MBA candidates must possess a bachelor's degree or equivalent and have obtained an acceptable GMAT/GRE score; moreover, they should show evidence of proficiency in the workplace with at least two years of experience. Furthermore, applicants must demonstrate professional competency and leadership abilities - all prerequisites to be considered for admission into our program.

In terms of documents, candidates are required to submit transcripts from all universities attended, a current resume, two letters of recommendation, and a personal statement. International applicants may also need to provide proof of English language proficiency through an approved language test. Meeting these requirements will ensure that applicants are considered for admission to the FSFM MBA program.

Eligibility

• Hold a bachelor's degree or equivalent from an accredited institution.
• Have a minimum of three years of relevant work experience.
• Provide a valid GMAT or GRE score.
• Demonstrate proficiency in English language through a recognized language test (TOEFL, IELTS, or equivalent).
• Submit a completed application form along with all required documents, including transcripts, letters of recommendation, and a statement of purpose.

Application Documents

• Completed application form
• An up-to-date resume/CV
• A personal statement outlining your goals and motivations for pursuing an MBA degree
• Two letters of recommendation from individuals who can speak to your professional and/or academic achievements and potential
• Academic transcripts from all universities attended
• English language proficiency test scores (if applicable)
• GMAT or GRE test scores
• Passport-sized photograph
• Application fee (if applicable)

GPA needed for FSFM MBA

The required GPA for admission to the FSFM MBA program is not explicitly stated on their website. However, as part of the eligibility criteria, candidates must hold a bachelor's degree or equivalent and demonstrate academic excellence, which suggests that a high GPA would be advantageous for applicants. The admissions committee evaluates each candidate holistically, taking into account factors such as work experience, test scores, essays, and letters of recommendation in addition to academic performance.

GMAT needed for FSFM MBA

To be eligible for FSFM MBA admission, applicants must submit a GMAT score. The admissions committee will consider both the overall test score as well as scores from each section - verbal, quantitative and analytical writing. An acceptable minimum requirement is not established by the school; however, it is advantageous to have higher scores if available in order to increase chances of acceptance into their program.

GRE needed for FSFM MBA

FSFM MBA also accepts GRE scores as an alternative to GMAT. The minimum GRE score required for admission is 320, with a minimum of 158 in the Quantitative section. However, it is important to note that while a strong GRE score can boost your application, the admissions committee considers a range of factors beyond standardized test scores when making admission decisions. Therefore, it is recommended to focus on preparing a well-rounded application that showcases your academic and professional achievements, leadership potential, and personal qualities.

Average Work Experience needed for FSFM MBA

The FSFM MBA program requires applicants to have a minimum of three years' work experience. However, the average duration for admitted students is around five years; the admissions team appreciates candidates who have demonstrated leadership potential, professional accomplishments and commitment to personal growth through their work experiences. Therefore those with extensive experience are likely to be favoured in the admissions process. Additionally, it should be noted that this need not solely comprise traditional corporate roles - entrepreneurial or social impact activity can also provide an advantage!

IS IELTS needed for FSFM MBA? 

English language proficiency is a crucial aspect of the FSFM MBA program as it is conducted entirely in English. International applicants whose native language is not English are required to demonstrate their proficiency in the language. While the International English Language Testing System (IELTS) is not mandatory, applicants can provide their IELTS scores to showcase their language proficiency. Alternatively, applicants can submit their TOEFL or Cambridge English Language assessment scores as well. It is important to note that meeting the minimum English language requirement is essential for being considered for admission to the program.

The FSFM MBA has four application deadlines for the intake starting in late September 2023. The deadlines are 30 November, 31 January, 30 April, and 31 July. Applicants are required to complete the online application and upload all necessary documents to be considered for admission. After the assessment, qualified candidates will be invited to participate in an interview either in person or virtually. Admission decisions are based on a combination of factors, including work experience, academic qualifications, English language skills, and admission test scores. Applicants are encouraged to apply by the earliest deadline possible to increase their chances of being accepted. FSFM MBA is one of the popular MBA colleges in Germany.

FSFM MBA Admission Process

Here is how the admission process for FSFM MBA goes: 

• Online Application: Applicants must complete an online application form and upload the necessary documents, which include a resume, academic transcripts, a motivation letter, and two letters of recommendation.
• Admission Test: Candidates must submit their GMAT or GRE scores as part of the application process. There is no minimum score requirement, but higher scores are preferred.
• Work Experience: Applicants must have a minimum of three years of professional work experience. Strong candidates typically have more than five years of work experience.
• English Language Proficiency: Applicants whose native language is not English must provide evidence of English language proficiency. The required tests are IELTS or TOEFL, but exemptions can be granted in certain circumstances.
• Interview: Shortlisted candidates will be invited for an interview with a member of the admissions committee. The interview will assess the applicant's personal and professional achievements, as well as their goals and motivations for pursuing an MBA.
• Admissions Decision: The admissions committee will evaluate each applicant's profile holistically and decide whether to offer admission. The decision will be based on the candidate's academic and professional background, test scores, interview performance, and English language proficiency.
• Program Start: The Full-time MBA program at FSFM starts in late September. Accepted applicants are expected to attend the program's orientation week and the first day of classes, either in person or virtually. Non-EU applicants who require a visa to enter Germany should plan accordingly, as obtaining a visa can take several months.

When do the admissions start ?

Application process begins at around late november of the year. These are the important deadline dates that you need to remember for FSFM MBA:

The employment and placement report for the Frankfurt School of Finance and Management MBA program for the Class of 2020 is impressive, graduates have been able to land into different types of jobs after MBA from Frankfurt School of Finance and Management. The average reported salary was 67,000 Euro, and the average reported bonus was 7,000 Euro. 

The top industries that employed the graduates were Financial Services, Technology, Consulting, Environmental Services, and Banking. Interestingly, 74% of the graduates changed their industry after completing the MBA, and 59% changed their functional area. Furthermore, 70% of the graduates changed their country of work after completing the program. Most graduates found employment within three months of graduation (74%), and 89% of them secured jobs within seven months. The majority of graduates (82%) found employment in Germany, followed by Europe (7%), Americas (7%), and Asia (4%).

FSFM MBA Average Starting Salary

The average starting salary for graduates of the FSFM MBA program is 67,000 Euro. This is a strong indicator of the program's success in preparing students for the job market and providing them with the skills and knowledge necessary to excel in their chosen careers. In addition, the average reported bonus for these graduates is 7,000 Euro, which further highlights the value that employers place on individuals who have completed this program. These figures demonstrate the potential for significant career growth and financial success for those who pursue an MBA at FSFM.

FSFM MBA Placement Statistics

The placement statistics for the FSFM MBA program are impressive, with an average salary of 67,000 Euro and an average reported bonus of 7,000 Euro for the class of 2020. Additionally, 74% of students were employed within three months of graduation, and 89% within seven months. The program has a diverse range of industries represented among its graduates, with financial services, engineering/technology, healthcare, energy, and e-commerce being the most popular.

It is worth noting that 74% of graduates changed industries after completing the MBA, and 70% changed their country of residence. Overall, the program has a strong track record of preparing graduates for successful careers in a variety of fields and locations. 

FSFM MBA Employment Report

The employment report for FSFM MBA's Class of 2020 shows that the average salary was 67,000 Euros, with an average reported bonus of 7,000 Euros. The majority of graduates were employed within 3 months of completing the program, and 74% changed industries after graduation. The top industries were financial services and engineering/technology, while the most common functional areas were finance/controlling/tax and sales/business development/marketing.

The majority of graduates found employment in Germany, with smaller numbers in Europe (excluding Germany), the Americas, and Asia. Overall, the report indicates a high success rate for FSFM MBA graduates in terms of employment and career advancement.

Several esteemed enterprises throughout a variety of sectors have utilized the renowned FSFM MBA degree. Notably, graduates from this prestigious program are highly sought after and have since been employed at some of the world's leading organizations. The school's international reputation along with their alumni network is instrumental in securing job opportunities for MBAs who graduate from FSFM MBA programs.

Companies Recruiting from FSFM MBA

Consulting

• McKinsey & Company - A leading global management consulting firm known for advising the world's leading businesses, governments, and institutions on strategy, operations, technology, and more.
  
• Boston Consulting Group - A management consulting firm that advises clients in the private, public, and not-for-profit sectors around the world, providing strategic advice and support to help them improve their performance and competitiveness.
  
• Bain & Company - A global management consulting firm that provides strategic advice to senior leaders, helping them make better decisions, convert those decisions to actions, and deliver the sustainable success they desire.

Technology

• Amazon - One of the largest online retailers in the world that offers a wide range of products and services, including cloud computing, digital streaming, and artificial intelligence.
• Google - A technology company that specializes in internet-related services and products, including online advertising technologies, search engines, cloud computing, and software.
• Microsoft - A multinational technology corporation that develops, licenses, and sells computer software, consumer electronics, personal computers, and related services.

Finance

• Deutsche Bank - A multinational investment bank that provides a wide range of financial services to companies, governments, and individuals, including corporate banking, asset management, and investment banking.
• Goldman Sachs - A global investment banking, securities, and investment management firm that offers a range of services to clients, including mergers and acquisitions, underwriting, asset management, and securities trading.
• JPMorgan Chase & Co. - A multinational investment bank and financial services company that provides a wide range of financial services, including investment banking, asset management, commercial banking, and more.

Frankfurt School of Finance & Management MBA has a thriving alumni community of over 3,000 successful business professionals working in more than 100 countries. As an alumni, you can benefit from the ongoing career support provided by the school, which will help you navigate increasingly senior challenges and career moves.

Some Famous Alumni of FSFM MBA

• Jens Weidmann - President of the Deutsche Bundesbank and Chairman of the Board of Directors of the Bank for International Settlements.
• Mario Draghi - Former President of the European Central Bank and former Governor of the Bank of Italy.
• Christian Sewing - CEO of Deutsche Bank AG.
• Axel Weber - Chairman of the Board of Directors of UBS Group AG and former President of the Deutsche Bundesbank.
• Dirk Nowitzki - Retired NBA basketball player and founder of the Dirk Nowitzki Foundation.

The application essay for Frankfurt School of Finance & Management MBA is an important part of the admission process. The essay provides you with an opportunity to showcase your personality, motivation, and career aspirations to the admission committee.

Essay 1

Why do you want to pursue an MBA at Frankfurt School of Finance & Management? (maximum 500 words)

Essay 2

What are your short-term and long-term career goals? How will an MBA from FSFM help you achieve these goals? (maximum 500 words)

Essay 3

Describe a challenging situation you have faced in your professional or academic life. How did you overcome it? (maximum 500 words)

Essay 4

What are your most significant achievements in your professional or academic life? What did you learn from these experiences? (maximum 500 words)

Essay 5

Describe how you will contribute to the FSFM MBA community, both inside and outside of the classroom. (maximum 500 words)

Tips for essays

Here are some tips for writing a successful essay for Frankfurt School of Finance & Management MBA:

• Be clear and concise: Make sure your essay is well-structured, clear and concise. Avoid using jargon or overly complex language. Use specific examples to support your points.
• Do your research: Do thorough research about the FSFM MBA program and the school before writing your essay. This will help you understand how the program aligns with your career goals and how you can contribute to the MBA community.
• Be authentic: Write in your own voice and be true to yourself. Avoid copying or imitating someone else's essay. The admission committee is interested in knowing about you and your unique experiences.
• Answer the question: Make sure you answer the essay question directly and clearly. Avoid going off-topic or providing irrelevant information.
• Show your motivation: Demonstrate your motivation for pursuing an MBA and how the program will help you achieve your career goals. Show your enthusiasm for the program and the school.
• Edit and proofread: After writing the essay, edit and proofread it carefully. Check for grammatical errors, spelling mistakes, and typos. Ask someone else to read your essay and provide feedback.
• Follow the instructions: Follow the instructions and requirements provided by the school carefully. Make sure your essay is within the word limit and submit it before the deadline.

To apply for an FSFM MBA degree, one must submit a testimonial letter endorsed by an expert. Moreover, applicants should provide their names and contact details of the person who sponsored them along with the credentials of that individual.

In order to do so, you must first find someone to serve as your referee. This person might be one of the following:

• If you don't intend to approach your current employer for reference, a colleague could suffice.
• Independently assessing someone who is intimately acquainted with your professional life, such as a former employer or longstanding client (if you don't wish to request your current employer for an impartial arbiter, a colleague may suffice).

The university shall provide your referee with log-in details for their online reference system upon completing their information when entering it into the online application form. In an effort to expedite processing, Frankfurt School of Finance and Management MBA reserves the right to contact them for supplementary information.

 Here are some potential interview questions that can be asked at an interview for Frankfurt School of Finance & Management MBA:

Q: Tell us about yourself and your background.
Q: Why did you choose to apply to Frankfurt School of Finance & Management MBA?
Q: What are your short-term and long-term career goals?
Q: How do you plan to use the knowledge and skills you will gain from the MBA program?
Q: What do you think are your greatest strengths and weaknesses?
Q: Describe a challenging situation you have faced in your professional or academic life. How did you handle it?
Q: What do you think you can contribute to the MBA program and the school community?
Q: How do you manage your time and prioritize tasks?
Q: What are your hobbies and interests outside of work and academics?
Q: Do you have any questions for us about the MBA program or the school?

Tips for FSFM MBA interview questions

 Here are some tips to ace the Frankfurt School of Finance & Management MBA:

• Do your research: Thoroughly research the school, the MBA program, and the admission requirements before applying. This will help you understand the program's fit with your career goals and how you can contribute to the MBA community.
• Highlight your achievements: Highlight your relevant achievements, skills, and experiences in your application and in the interview.
• Show your motivation: Demonstrate your motivation for pursuing an MBA and how the program will help you achieve your career goals.
• Be authentic: Be yourself and be true to your personality and experiences. Avoid copying or imitating someone else's application or interview answers.
• Prepare for the interview: Prepare well for the interview by practicing common interview questions, researching the school and program, and preparing questions to ask the interviewer.
• Be professional: Dress professionally, arrive on time, and be courteous and respectful to everyone you meet during the application process.
• Network: Take advantage of networking opportunities with current students, alumni, and faculty to learn more about the program and to build your professional network.
• Stay organized: Stay organized throughout the application process by keeping track of deadlines, requirements, and documents.
• Follow up: Follow up with the school after submitting your application and after the interview to express your continued interest in the program and to ask any additional questions.

Frankfurt School of Finance and Management (FSFM) offers a Full-time MBA programme that stands out from others due to its unique curriculum, diverse student body, and excellent faculty. Here are some of the key factors that make FSFM MBA unique:

• Curriculum: The curriculum of FSFM MBA is designed to provide a holistic understanding of business management. It covers a broad range of topics including finance, marketing, leadership, strategy, and entrepreneurship. The programme also includes a Capstone Project that allows students to apply their knowledge in real-world business scenarios. In addition, the course includes a mandatory German language module, which is essential for students who want to work in Germany after graduation.
• Diverse Student Body: FSFM MBA attracts a diverse group of students from all over the world. This diversity provides a unique opportunity for students to learn from each other and develop a global perspective on business management. The school also has a strong focus on gender diversity, with the aim of achieving a 50/50 gender balance in the classroom.
• Faculty: The faculty at FSFM are experts in their respective fields and have extensive experience in both academia and industry. They bring a wealth of knowledge and practical insights to the classroom, which enhances the learning experience for students. The faculty also engages in research that is relevant to the business world, which ensures that the programme remains up-to-date with the latest developments in the field.
• Career Services: FSFM MBA provides students with access to a range of career services that help them achieve their career goals. The school has a dedicated Career Services team that works closely with students to identify job opportunities and develop career strategies. The team also provides workshops on topics such as CV writing, interview skills, and networking.
• Location: Frankfurt School of Finance and Management is located in the heart of Frankfurt, which is a major financial hub in Europe. This location provides students with access to a wide range of job opportunities in the finance industry. Frankfurt is also a vibrant city with a rich cultural scene, which provides students with an enriching experience outside the classroom.

The Frankfurt School of Finance and Management MBA program is a top-ranked program that offers students an excellent education and a unique experience. The program's rigorous curriculum, diverse student body, and world-class faculty make it an excellent choice for anyone seeking to further their education and advance their career. The program's emphasis on practical learning and real-world experience, along with its focus on sustainability and responsible management, set it apart from other MBA programs.

The program also has a strong network of alumni and industry connections, which can be invaluable in helping students achieve their career goals. Overall, the FSFM MBA is an exceptional program that prepares students for success in a rapidly changing global business environment.