What is it about?
Competitive conditions are constantly changing worldwide. Rapid advances in digitalization and automation are subject to systematic qualitative and quantitative management in companies. This not least increases the complexity of handling financial fields of activity. Quantitative, mathematical-statistical methods and procedures are becoming increasingly important, especially in the innovative IT-technical environment.
There is therefore a demand for highly qualified university graduates who have a clearly quantitative qualification profile and are able to meet the requirements of the constantly growing digitalization.
Profile of the study program
Finance, Accounting, Controlling, Taxation - Controlling & Digitalization deals with questions such as...
- What challenges arise in the digital age?
- How can companies meet the challenges of internationalization responsibly?
- How can economic problems be optimally solved for private companies, associations or public 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?
Taxation with quantitative methods
The Master's degree program in Finance, Accounting, Controlling, Taxation ̶ Controlling & Digitalization offers first-class management training which, in addition to an international orientation, opens up career opportunities in current and progressive areas - both nationally and internationally - thanks to the focused training in the areas of controlling and digitalization. A special focus is placed on data analysis using databases in order to prepare you in the best possible way for the digital challenges of the future.
With a scientific foundation and practical experience
In addition to possible employment with financial service providers such as banks and insurance companies, you will be able to work in large and internationally operating companies as well as in auditing and consulting firms.
The three-semester study program offers a scientifically sound and practice-oriented management education in the highly topical field of controlling & digitalization. It offers specializations in the following areas, for example: Financial Management, Accounting, International 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.
Right from the start of your studies, you will set your profile with the specialization in Controlling & Digitalization and hone your personal skills through your individual selection of elective modules from the various specializations in the fields of Finance, Accounting, Controlling and Taxation. This wide range of options for individual profiling means that 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 course, you will be awarded the Master of Science (M. Sc.) degree thanks to its strong quantitative focus.
Specializations in the study program
FACT - Controlling & Digitalization offers the following compulsory modules:
- Cost management
- Quantitative methods & data analytics
- Advanced Controlling & IT Law
- Business Intelligence-supported Controlling
- Data Analytics for Management Accounting
- IT Controlling
... as well as, for example, the following elective modules (electives):
- Tax Management I & II
- Financial Management
- Advanced Accounting
- Computational Finance
- Auditing & International Tax Law
- Risk Modeling Workshop
- and all compulsory subjects of the M.Sc. FACT.
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.
| 1st semester | Cost Management | Quantitative methods & data analytics* | Advanced Controlling & IT Law* | Compulsory elective module | Compulsory elective module |
| 2nd semester | Business intelligence-supported controlling | Data Analytics for Management Accounting | IT Controlling | 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 Master's degree suits you if you are interested in the modern field of digitalization and are open to the activities of controlling. You enjoy numbers, networked thinking, analyzing and planning. You already have a sound basic knowledge of business administration, are interested in financial developments and are willing to perform.
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 will have the ideal qualifications for management tasks and high-quality specialist tasks at banks, insurance companies, asset management companies, investment companies, trust, consulting, auditing and auditing companies as well as in the corresponding departments of industrial companies and regulatory authorities - you will become a driving force in digital specialist areas.
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,
- at banks or insurance companies, asset managers, investment companies
- in risk management
- in tax consultancy or
- in auditing.
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 themselves members of the Examination Board as members of the commission.
2. language certificate
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.
