Frankfurt School of Finance & Management

Frankfurt School of Finance & Management
Former names	Bankakademie, Hochschule für Bankwirtschaft
Established	1957 (1957)
Type	Private non-profit
Budget	EUR 71.3m (2011)
President	Udo Steffens
Vice-president	Ingolf Jungmann, Michael H. Grote, Hartmut Kliemt
Academic staff	63
Administrative staff	340 (incl. consulting services, excl. subsidiaries)
Students	1,405
Undergraduates	750
Postgraduates	648
Doctoral students	57
Other students	5,080 (continuing education programs)
Location	Frankfurt am Main[1], Hesse, Germany 50°06′34.70″N 08°41′50.68″E / 50.1096389°N 8.6974111°E / 50.1096389; 8.6974111Coordinates: 50°06′34.70″N 08°41′50.68″E / 50.1096389°N 8.6974111°E / 50.1096389; 8.6974111
Campus	Urban
Colors	Blue and white
Website	www.frankfurt-school.de

The Frankfurt School of Finance & Management is a private non-profit Business school in Frankfurt, Germany.^[2]

History

The Frankfurt School of Finance & Management was founded 1957 as Bankakademie (Bank Academy), initially as a training institute for the employees of German banks. These continuing education programs remained the main focus for the first three decades. In the 1990s the pace of development accelerated. In 1989 the Bankakademie created its own publishing house, followed one year later by the foundation of the Hochschule für Bankwirtschaft (HfB), an academic institution offering degree programs. A consulting arm, International Advisory Services, was added in the 1990s as well, as was a separate department for Executive Education and tailor-made training programs for companies. Efiport, a subsidiary for e-learning and IT solutions for higher education, was created in 2001.

In 2004 HfB officially became a research institution with the rank of a university and was granted the right to award doctoral degrees.^[3] In 2007 HfB andBankakademie were merged under the new name Frankfurt School of Finance & Management.

Reputation

The Frankfurt School is officially recognised as a higher education institution with the rank of a university by the German authorities. As such, it has the right to award undergraduate, postgraduate and doctoral degrees. It has also been accredited by the German Council of Science and Humanities (Wissenschaftsrat) and by the FIBAA. Its MBA in International Healthcare Management is accredited by the EFMD. In May 2014, Frankfurt School received accreditation from AACSB.^[4] In June 2014, Frankfurt School also received the EQUIS accreditation.^[5] Frankfurt School joins just two other German business schools to be awarded both AACSB and EQUIS accreditations.

Frankfurt School at a higher education fair in Saudi Arabia. With its programs taught in English it attracts international students from around the world.

It was ranked the ninth best Business School in Germany by business magazine Wirtschaftswoche in 2014, based on a survey of more than 500 HR directors.^[6] Notably, its Master of Finance was ranked twentieth in the Financial Times ranking of Pre-Experience Masters in Finance in 2014 and was the only German program to be included. It has now featured in each of the last three FT rankings of the best Pre-Experience Masters in Finance programs globally. ^[7] The German business newspaper Handelsblatt ranked Frankfurt School as 8th best business research university in Germany in 2012.^[8]

In a 2012 ranking of German undergraduate business programs by higher education think tank CHE, Frankfurt School was ranked best together with the University of Mannheim, the Technical University Munich, EBS, and WHU.^[9]

The 2011/12 international Eduniversal list of the 1,000 best Business Schools ranked Frankfurt School 3rd in Germany and 126th worldwide.^[10]

Frankfurt School features at world number 81 in the Global Employability University survey 2014 compiled by French human resources consulting group Emerging Associates along with German polling and research institute Trendence. The ranking is based on surveys of 2,500 international recruiters in 20 countries.^[11]

FS is ranked as 92nd in the world and 4th in Germany in the "Ranking Web of World Business Schools", an initiative of Cybermetrics Lab, a research group belonging to the Consejo Superior de Investigaciones Científicas (CSIC).^[12]

Being located in the heart of Frankfurt, Frankfurt School of Finance & Management boasts one of the best networks in the country for students interested in a career in the financial sector.

Degree programs

Undergraduate

The School offers six undergraduate programs, all awarding the degree of Bachelor of Science (B.Sc.). All programs are full-time with a total of 210 ECTS credit points. Two programs combine studies with a work position, and all have internships in Germany and abroad.

Postgraduate

Frankfurt School offers nine postgraduate programs and awards the degrees Master of Science (M.Sc.), Master of Arts (M.A.), Master of Business Administration (MBA) and Master of Laws (LL.M.).

Doctoral Program

Frankfurt School also has a 3-year doctoral program which awards the degree Dr. rer. pol.

Continuing and Executive Education

• Bankfachwirt (IHK)
• Bankbetriebswirt
• Diplomierter Bankbetriebswirt
• Fachberater für Finanzdienstleistungen
• Fachwirt Finanzdienstleistungen
• Investmentfachwirt (IHK)
• Estate Planner
• Financial Planner
• Ship Finance
• Retirement Planning

Faculty

The faculty at Frankfurt School is organized in five departments. In addition to the professors and lecturers there are eleven Program Directors who oversee and develop the degree programs. They are counted as faculty, although they form part of a different team that reports to the President rather than the Vice President for Academic Affairs and not all of them teach continuously.

Campus

Frankfurt School Campus

The School's campus is located in Frankfurt, Germany in the district Ostend, directly opposite the construction site for the new headquarters of the European Central Bank. It also has rented office space in adjacent buildings. However, due to sustained growth the School will build a new, state of the art campus in Frankfurt's Nordend, which is slated to open in 2017.

Frankfurt School also has study centers in Hamburg and Munich and five offices around the world, mainly for recruitment of students and for activities related to its consulting and executive education: Nairobi, Beijing, Shanghai, Pune (India) and São Paulo.

Consulting

International Advisory Services (IAS) structures and implements consulting and training projects in emerging markets and developing countries. Clients include international donor organisations, non-governmental organisations (NGOs), international financial institutions (IFIs), microfinance institutions (MFIs), banks and other financial institutions.

Experts of Frankfurt School of Finance & Management’s division International Advisory Services have supported partners and clients in the following areas:

• Capacity building and technical advisory services for banks and microfinance institutions of all types in all areas of banking and finance with focus on Micro and SME lending
• Change management processes to meet growth, competition and transformation needs
• Advisory to microfinance policy makers and regulators (downscaling, greenfielding, upscaling)
• Technical support to training institutes and specialised microfinance competence centres
• Conduction of market research, Due Diligences, feasibility studies and other studies

IAS reaches its clients through seven core competence centers:

• Microbanking
• Housing Finance
• Small and Medium Enterprise Finance
• Rural and Agricultural Finance
• Fund Management
• Risk Management
• Sustainable Energy Finance

Subsidiaries

Frankfurt School has three subsidiaries: the publisher Frankfurt School Verlag; efiport, which specializes in IT solutions for higher education and Frankfurt School Financial Services, an asset management firm for development projects.

International partners

Undergraduate students learn about different opportunities for their study abroad at an in-house event.

Frankfurt School is a very international Business School, partly due to the fact that all undergraduate students go abroad for at least one semester. Currently, there are 84 partner institutions in 33 countries. The School has two dual degree agreements for the Bachelor program International Business Administration with Bond University in Australia and with the University of Colorado Colorado Springs in the United States.

Notable people

In the last 50 years over 100,000 students have graduated from the Frankfurt School of Finance & Management and its predecessors Bankakademie and HfB. Many of them hold important positions in German and international companies, especially in financial institutions.

References

External links

• Frankfurt School of Finance & Management
• efiport
• Frankfurt School Verlag