What is it about?
Competitive conditions are constantly changing worldwide. Financial services and the quantitative management and planning of companies are fields of activity in which complexity continues to increase. Quantitative, mathematical-statistical methods and procedures are becoming increasingly important. Highly qualified graduates with a clearly quantitative qualification profile are therefore in demand. The Finance, Accounting, Controlling, Taxation Master's study program offers a first-class management education that opens up a wide range of career opportunities thanks to its strong international orientation.
Profile of the study program
Finance, Accounting, Controlling, Taxation deals with questions such as
- How can companies meet the challenges of internationalization responsibly?
- How can economic problems be optimally solved for private companies, associations or authorities under changing global competitive conditions?
- What significance do quantitative methods have for financial service providers and in risk management?
- Which management tools can be used to lead a company to success?
With a scientific foundation and practical experience
The three-semester study program offers a scientifically sound and practice-oriented management education in the two quantitatively oriented profiles Risk & Finance and Accounting & Taxation. It offers specializations in the following areas, for example: Financial Management, Accounting, Controlling, Tax Management, Auditing, Risk Management and Insurance.
The study program consists of both application-oriented modules and more academically oriented learning units. In addition to the relevant theoretical and practical specialist knowledge, during your studies you will acquire professionally-oriented social skills and the ability to recognize business management tasks and develop solutions independently.
Thanks to this broad range of opportunities for individual profiling, the Master's in Finance, Accounting, Controlling, Taxation leads to a prestigious qualification in all four fields.
Master of Science that qualifies you for high-level specialist tasks
After successfully completing the program, you will be awarded a Master of Science (M. Sc.) degree thanks to its strong quantitative focus.
Specializations in the study program
In addition to the compulsory subjects of the other profiles, FACT offers the following elective modules:
- Corporate Governance
- Entrepreneurship and M&A
- International Controlling
- Macroeconomics and Finance
- Options, Futures & other Derivatives
- Project-oriented studies
- Risk Modeling Workshop
- Value-oriented corporate management
- Auditing
- Quantitative methods and data analytics
- Advanced controlling and IT law
- and other current topics.
Course of study
This is a thematic overview of the course content. Detailed information on the exact names of the courses, information on ECTS or semester hours per week can be found in the examination regulations and in the module handbook. The marked (*) modules will be offered for the first time in summer semester 2024 and cannot yet be found in this form in the module handbook.
Profile "Risk & Finance":
| 1st semester |
Insurance & Corporate Risk |
Financial Management |
Quantitative Methods & Data Analytics* |
Compulsory elective module | Compulsory elective module |
| 2nd semester | Financial market regulation |
Quantitative Instruments in Insurance & Risk Management |
Computational Finance |
Compulsory elective module | Compulsory elective module |
| 3rd semester | Thesis & colloquium |
Accounting & Taxation" profile:
| 1st semester |
Advanced Accounting |
Tax Management I (VAT & Corporate Tax) |
Auditing I & Corporate Law* |
Compulsory elective module | Compulsory elective module |
| 2nd semester |
Special problems of (inter-)national accounting |
Tax management II (AO, case law analysis & choice of legal form for tax purposes) |
Auditing II & International Tax Law* |
Compulsory elective module | Compulsory elective module |
| 3rd semester | Thesis & colloquium |
Why study at Fachhochschule Dortmund?
What makes Fachhochschule Dortmund special? What should you know about the city and the region? How is Fachhochschule Dortmund positioned in terms of internationality and what advice and support do we offer you? Find out more about Fachhochschule Dortmund.
Who is it for?
Desirable subject-specific and interdisciplinary knowledge
The Finance, Accounting, Controlling, Taxation Master's study program suits you if you enjoy numbers, networked thinking, analysis and planning. You already have a sound basic knowledge of business administration, are interested in financial developments and are willing to work hard.
Project experience or initial work experience is helpful in order to successfully complete the demanding course. English language skills are also an advantage. The faculty recommends that applicants have a B2 level of English, as English-language courses or English-language literature may be part of the study program. Communication and social skills are a prerequisite, as working in a team is standard in this professional field.
Prospects after graduation
Career prospects
You have the ideal qualifications for management tasks and high-value specialist tasks. They have the necessary qualifications to work in the management of companies or in the higher service of public administration.
Those who have a degree in this study program often work
- in accounting/controlling,
- in finance,
- in corporate management,
- in industrial companies
- in regulatory authorities,
- in banks, insurance companies, asset managers, investment companies
- in risk management
- in tax consultancy
- at trust, consulting, auditing and auditing companies.
Cooperative doctorate
The Master's degree is the basis for a doctorate. Graduates who wish to gain further academic qualifications have the opportunity to do a doctorate at a university. This is possible via a cooperative doctorate, in which the university of applied sciences is a cooperation partner of a university.
Stay abroad possible during your studies
What do I need?
1. required degree
The prerequisite for admission to the Master's degree program "FACT" is:
- Proof of completion of a Diplom or Bachelor's degree program in business administration or economics or a closely related subject, at a university or completion of a corresponding accredited Bachelor's degree program at a vocational academy with an overall grade of at least "good" (2.5).
- Study programs whose curriculum includes coursework and examinations in the fields of Business Administration or Business Studies amounting to at least 75% of the total volume are considered to be closely related to the subject.
- Furthermore, the study program must contain at least 210 credit points according to the European Credit Transfer and Accumulation System (ECTS). Degrees that do not have an ECTS system must be converted accordingly.
To examine the admission requirements, the Examination Board forms a "Commission for the Examination of Admission Requirements for the Master's degree programmes MA BM, MSc FACT and MSc FACT - Controlling & Digitalization". The Examination Board may also appoint professors and academic staff who are not members of the Examination Board as members of the commission.
2. language skills
Proof of sufficient knowledge of the English language can be provided by a TOEFL ITP test with at least 550 points or TOEFL iBT test with at least 90 points taken within the last two years before receipt of the application. Proof can also be provided by other test procedures equivalent to the TOEFL test according to the European Framework of Reference (e.g. IELTS with 6.5 points). In exceptional cases, proof can be provided by an equivalent certificate or proof with the corresponding minimum requirements (corresponding to C1 of the Common European Framework of Reference for Languages - CEFR). The "Commission for the Examination of Admission Requirements for the Master's degree programmes MA BM, MSc FACT and MSc FACT - Controlling & Digitalization" decides whether equivalence exists.
3. apply now!
The study program starts annually in the summer semester and admission is restricted, so there is a numerus clausus (NC). This means that Fachhochschule Dortmund allocates places according to the grade of the examination certificate for the first degree qualifying for a profession.
Who can help me?
We will be happy to answer any questions you may have about the study program and Fachhochschule Dortmund.
