Welcome to the Master's program in Financial Management (MF) at Aalen University of Applied Sciences
Are you interested in deepening your knowledge in controlling, accounting, risk management or taxation? The Master of Financial Management (MF) aims to do just that. After intensive and specific rounds of feedback with some of the largest companies in the region, we have designed a modern, thorough and exciting training programme with MF at Aalen University, which aims to create the basis for a competent and successful professional profile. Our core mission is: to provide a modern, open professional education by some of the best practitioners and researchers in the field of financial management, and to have fun doing it!
What sets us apart from the rest? We are a community of professionals who believe that a modern education requires the tools to navigate emerging technological changes. Our mission is to provide you with the foundation to build your own professional profile in financial management. It will be a lot of work, but we are sure you will have fun too!
What are the core areas of professional profiling in the MF Master's program?
In this part of the program, you will be taught specific technical skills that are specifically aimed at finance and are therefore different from general management courses.
Agility means learning how to manage system changes associated with digitalisation and restructuring through tools such as value management. These courses and other electives help you solve problems that are currently important in the workplace. Here you will work closely with an expert to capture, analyse and implement solutions.
Change is often not easy. You need to take risks and be resilient. Furthermore, you will communicate with different audiences, work professionally, lead others into consensus and much more. This power of persuasion is often neglected in training, but is crucial for success in the workplace.
Students learn not only through lectures and teamwork, but also through the lively discussion of current topics. Driven by the students' professional interests, experts from industry and research give lectures and workshops that show their audience the current difficulties and opportunities in practice. Some examples in 2018 and 2019 were:
Allianz Digital Factory - How can a company with a long and strong tradition in the insurance market respond to and drive the rapid and lateral changes in fin technology; How can the insurance business be redesigned to offer more diverse and timely products to its customers; How can risk and price be aligned when designing non-traditional products? These are the challenging questions of digitalisation, even for an insurance giant.
Carl Zeiss Risk Workshop - How can new, obvious and not so obvious, risks of digitalisation be defined and managed in the context of corporate controlling? How can a company with a long history of innovation and excellence in high-tech goods integrate a new risk model for high-tech services? This workshop, led by a leading department head, opened up the fascinating issues of risk and controlling in this new challenging environment.
Bosch HR Controlling Trainee Programme - Current trainees from the Controlling Trainee Programme presented the issues and challenges that Controlling faces in a global company like Bosch. In addition, the future managers reported which personal and professional skills are needed to enter the programme and be successful. In other words, being smart is not only about quoting numbers, but also about leading others to a consensus on the importance of the numbers themselves.
How did we design this program?
- Our professors are among the most recognised experts in accounting, taxation, auditing and controlling: they include well-known industry experts with broad and deep professional networks, as well as leading researchers whose publications help shape the professional world.
- Through our professor networks, we received detailed information about the technical skills that leading companies look for when hiring students. What financial and digital skills do applicants already need to have; how much financial technical expertise is required; what skills beyond these technical requirements do applicants need to possess? All of this was taken into account when creating the program.
- In summary, we have developed this program to specifically develop the technical, innovative and personal skills of our students. In this way, we enable our graduates to be optimally prepared for career entry or further research activities.