Finance and Information Management (FIM)

The digital transformation is fundamentally changing the financial sector. Students of the Master’s degree program in Finance and Information Management (M.Sc.), offered in cooperation with the University of Bayreuth, learn to understand these changes and to analyze and harness new information technologies’ potential for financial services.

The degree program introduces students to the fundamentals of finance and strategic financial management as well as mathematical, stochastic, and econometric methods to model financial problems. In addition, it focuses on the vast opportunities offered by digitization and creates an understanding of the reciprocal economic dependencies between the financial markets and the behavior of market players. Students may specialize in Quantitative Finance, Financial Management, Business and Information Systems Engineering, or Sustainability and Technology.

Graduates of the degree program are ideally prepared for future challenges in finance. They are just as familiar with financial mathematics and information management as they are with blockchains or machine learning. This enables them to analyze developments and design processes to make the best possible use of information as a resource for financial decisions, to use new technologies to solve complex financial and economic problems, and to develop new solutions.

For a comprehensive description of the program, please refer to the degree program documentation:

• Degree program documentation for the Master’ss program in Finance and Information Management (PDF)

The first two semesters focus on:

• Relevant fundamentals of finance and strategic financial management
• Potentials and opportunities through digitalization, business analytics, machine learning, and digital innovation & transformation
• Mathematical, stochastic, and econometric knowledge for modeling financial management problems
• Understanding of the mutual economic dependencies between financial markets and the behavior of market players, as well as the importance of digitalization in this area

In the third semester, the focus is on courses in the elective areas “Quantitative Finance”, “Financial Management”, “Business & Information Systems Engineering”, and “Sustainability and Technology”.

The program is completed with the Master’s Thesis in the fourth semester.

Required language skills for admission:

You need sufficient English language skills if you wish to apply for this program. Evidence of your language proficiency has to be submitted before the end of the application deadline. Learn more about recognized certificates and other ways to prove your English language skills.

This evidence of your language proficiency confirms that you comply with the minimum language requirements for admission to the program. Depending on the program and your individual background, it may be necessary for you to keep working on your language skills during your studies. Be sure to take a look at the services of our Language Center.   

Language of instruction:

The language of instruction for this program is English.

• Information on exams
• Information on studying abroad

The tuition fees for international students from third countries for this degree program are 6,000 euros per semester. Please note: Tuition fees for this degree program will only be charged from the summer semester 2025.

Many international students can have their fees waived or receive scholarships to finance them. You can find all information on waivers and scholarships here.

Please note: The semester fee as a contribution to the student union must be paid additionally. It varies depending on where you are studying. You can find all information on the semester fee here.

Minimum requirements to apply for a Master’s program at TUM are a recognized undergraduate degree (e.g. a Bachelor’s) and the successful completion of the aptitude assessment procedure. The aptitude assessment allows the TUM school to which you are applying to evaluate your individual talents and motivation for study.

During the application period, you must apply through the TUMonline application portal and upload your application documents.

Here you will find detailed information on the requirements for the documents you need to upload for application and admission to TUM.

Generally, applicants with a qualification for postgraduate studies (e.g. a Bachelor’s) obtained outside of Germany must have their documents reviewed in advance through uni-assist (Preliminary Documentation).

In detail:

• Applying for a Master’s program: Application, admission requirements and more

• Degree Certificate and Diploma or Subject and Grade Transcript of Studies to Date
• Transcript of Records
• Proof of English Language Proficiency
• Curriculum (e.g. module description)
• Curricular Analysis
• Essay
• Complete and Current Résumé
• Passport
• Preliminary Documentation (VPD) if the qualification for graduate studies (e.g. a Bachelor’s) was obtained outside Germany)

If you have completed your Bachelor’s degree in China, India, Pakistan, Egypt or Bangladesh, you must provide proof of a GMAT (classic/focus) with a percentile ranking of at least 65%.

For more information, please click here.

For applicants from other countries, the GMAT is still optional. However, depending on the GMAT score, additional points will be awarded in the first stage of the assessment process.

Depending on your previous education and origin, we may require additional application documents. You can find out which documents these are when you apply online via TUMonline.

• Application for Enrollment (signed)
• Degree Certificate and Diploma (authentic document)
• Transcript of Records (authentic document)
• Most Current Photo (as for ID)
• Digital notification of your health insurance status from a German public health insurance provider (requested by applicant)

We may require additional documents depending on the type of educational background you earned and your country of origin. After accepting an offer of admission in TUMonline, you will receive a list of documents you must submit to TUM in hardcopy for enrollment.

Application period for the winter semester: 01.01. – 31.05.

Our online application portal TUMonline will create an application form and a checklist with the documents you have to hand in. The checklist shows which documents you need for admission and which for enrollment.

Please also submit the documents we need for your enrollmentas soon as possible. If individual documents for enrollment are not available to you yet, you can hand them in up to five weeks after the start of the lecture period. However, we recommend that you submit all required documents well before the semester begins, as you will not be enrolled until all documents have been received.

Please check your TUMonline account regularly, to see if we have any queries to your documents or if you have to amend one or more documents.

Selection takes place through an aptitude assessment procedure. The aptitude assessment is a two-part procedure after the submission of an official application to a program. In this procedure, the TUM school determines whether you meet the specific requirements for its Master’s degree program.

In the initial stages, the grades you obtained during your Bachelor's program, as well as your written documents, will be evaluated using a point system. Depending on the amount of points accumulated, applicants are either immediately admitted, rejected or invited to an admissions interview.

• Aptitude Assessment for Master
• Description of the Aptitude Assessment (German) (PDF 339 KB)