Degree
Master of Science
Semester fee
78
Euro
Start of the program
Winter and summer semester
Standard length of the program
4
Semester
Place of study
Ingolstadt
Part-time studies possible
No
Application Info Master WFI
Applications for the Winter Semester 2025/26 are now open!
Application deadline for applicants with a university degree from within the EU: June 15, 2025*
Application deadline for applicants with a university degree from outside the EU: May 15, 2025*
**Click on ‘Apply Now!’ to access the application form.
![[Translate to English:] Apply Now](/fileadmin/_processed_/4/f/csm_apply_now_d6a8ba4ca0.webp "[Translate to English:] Apply now")
The study specialization FACT comprises the subject areas Finance, Accounting, Controlling and Taxation in connection with business law. The aim of our study program is to impart scientific knowledge and methods that are needed in financial practice today – and in particular also in the future.
The objective of our business administration specialization FACT (MSc) is to impart scientific knowledge and methods that are closely connected to the practice. The range of our courses covers all relevant skills and interlinks them in a meaningful way in order to ensure good study feasibility. Through numerous seminars and options for choice, students still have the opportunity to specialize in certain fields and design their studies in line with their individual interests. There are also excellent possibilities for integrating a semester abroad into the study plan.
The program in detail
Contents
A total of 120 ECTS credits must be earned during the course of study. These are divided into required, required elective and elective modules as well as the Master's thesis. The modules can be assigned to the methodological area or respective subject area.
Six required modules in the program impart knowledge on interdisciplinary basics. This also includes a required module in Ethics. In addition, students have to complete further required elective modules worth 35 ECTS credits from the subject areas of the specialization Finance, Accounting, Controlling, Taxation and Business Law. They can combine their modules freely. In addition, elective modules worth 25 ECTS credits can also be chosen freely from all WFI Master's specializations.
Structure
30 ECTS credits: required modules
The six required modules in the program impart knowledge on interdisciplinary basics. These will lay the foundation for a substantiated quantitative training in business administration, irrespective of the chosen specializations. In addition to the five modules on quantitative foundations, students also complete a module in Ethics.
- Accounting Law
- Capital Market Oriented Accounting
- Cost Management
- Risk Management or International Company Taxation
- Corporate Tax Law or Empirical Finance
- Ethics
35 ECTS credits: required elective modules
Student must obtain a total of 35 ECTS credits in the required elective area. The courses can either have a methodological character or provide students with the possibility to apply learned methods in a specific field. You can view a selection of the courses that can be taken for credit in the program here, subdivided into the main areas of Finance, Accounting, Controlling, Taxation and Business Law.
25 ECTS credits: elective modules
Students have to complete a total of 25 ECTS credits in elective modules. They can choose freely from the entire range of modules of the specialization FACT, or from the module offer of all other specializations of the WFI Master’s program in Business Administration. Upon request, students also have the possibility to integrate further modules (that they have completed abroad or modules from the entire range offered at the KU) into their degree program. The elective area also gives students the possibility to approach a subject in business administration, economics, business languages or law in-depth. They also have the possibility to dedicate themselves to general scientific questions.
30 ECTS credits: Master’s thesis
The Master's thesis (30 ECTS credits) has to be completed at a Chair that regularly offers courses in a special field of study in the specialization "Finance, Accounting, Controlling, Taxation and Business Law". Students also have the possibility to write their Master’s thesis at a Chair that is not involved in their specialization. In this case, however, the prerequisite is that they write their thesis in collaboration with a FACT Chair.
We explicitly encourage that students write their Master's thesis in cooperation with companies.
Conceptual design
In addition to the structure of the program and the examination law requirements in terms of the distribution of ECTS credits, the conceptual structure of the degree program is also important. The study program imparts methods and knowledge in the respective subject areas, which can be assigned to the five sub-areas of the specialization. The study program is completed by the application of the acquired knowledge through internships, stays abroad, various student organizations and finally during the Master's thesis.
Subject areas
In the different subject areas, students approach specific business management problems and acquire scientific methods. You can focus on a single or on several fields of subject areas.
Finance
The Finance specialization primarily focuses on financial models for the description and corresponding methods for the solution of problems that typically occur in practice in banks or financial service providers.
Accounting
The aim of the modules of the Accounting area is imparting in-depth knowledge of (international) accounting. Students learn to apply the acquired strategic and analytical skills in the context of far-reaching corporate decisions.
Controlling
Controlling is the central management function that deals with the planning and control of companies. In all companies, controlling is adapted to the respective needs. The courses offered impart the necessary skills so that students are able to take the appropriate creative action in their later professional career.
Taxation
The modules of the Taxation specialization approach topics of taxation from a multidisciplinary perspective. The program focuses on specific knowledge on the individual tax types, tax effects, tax policy-making and relevant research methodology in this field. Furthermore, students have the possibility to apply their gained knowledge in case study courses so that they can learn to develop solutions to tax problems independently.
Business Law
In the modules of this specialization, legal ways of thinking, working and argumentation are combined with in-depth business administration aspects. Students acquire knowledge that is needed in the context of company takeovers, expanding business abroad or when filing a patent application.
Documents about the course of studies for all Master BWL
Module Catalogue
Module Catalogue
Module Catalogue for the Master's Program in Business Administration for the Summer Semester 2025
Module Catalogue for the Master's Program in Business Administration for the Winter Semester 2024/2025
Module Catalogue for the Master's Program in Business Administration for the Summer Semester 2024
Module Catalogue for the Master's Program in Business Administration for the Winter Semester 2023/2024
Module Catalogue for the Master's Program in Business Administration for the Summer Semester 2023
Module Catalogue for the Master's Program in Business Administration for the Winter Semester 2022/2023
Module Catalogue for the Master's Program in Business Administration for the Winter Semester 2021/2022
All module descriptions can also be accessed directly via KU.Campus. Please choose the navigation points "Information portal --> Degree programs". Enter your degree program and the relevant semester in the search mask. In the list of results, the module handbook will appear in the upper right-hand corner for downloading as a pdf or Word file.
The module descriptions published in KU.Campus are legally binding.
Degree program description
Degree program description for the Master's Program in Business Administration
Mandatory Electives
Mandatory Electives in the Master’s program Business Administration M.Sc., SoSe 2025
Mandatory Electives in the Master’s program Business Administration M.Sc., SoSe 2024 and WiSe 2024/25
Mandatory Electives in the Master’s program Business Administration M.Sc., SoSe 2024
Mandatory Electives in the Master’s program Business Administration M.Sc., SoSe 2023 and WiSe 2023/24
Additional study programs
Additional study program "Sustainability in Business“
The additionally study program "Sustainability in Business" aims to train students to become competent multipliers of sustainable corporate management. Given the increasing importance of sustainable practices in the modern economy, this program offers in-depth training that is geared towards the current and future requirements of companies.
The additional course "Sustainability in Business" is aimed at all master's students at the WFI who want to get involved in a sustainable future. It offers an excellent foundation for careers in a several industries and fields in which sustainable thinking and action are growing in significance. Graduates of this additional course are well prepared to play a crucial role in the transformation towards a sustainable economy.
The additional course "Sustainability in Business" is aimed to all master's students at the WFI who want to get involved in a sustainable future. It offers an excellent foundation for careers in a several industries and fields in which sustainable thinking and action are growing in significance. Graduates of this additional course are well prepared to play a crucial role in the transformation towards a sustainable economy.
Additional study program „ Digitalization in Business”
The supplementary study program "Digitalization in Business" is designed to equip students with the expertise needed to excel in digital business management. In an era where digitalization is increasingly permeating all sectors of the economy, this program offers a comprehensive education that meets the growing demands of modern enterprises.
Targeted at all Master's students at the WFI, "Digitalization in Business" provides an excellent foundation for careers across various industries and fields where digital thinking and action are increasing in importance. Graduates of this program are well-prepared to play a pivotal role in the digital transformation of businesses, leading them successfully into the digital age.
Additional study program "WFI Consulting Badge"
The Consulting Badge programme is an additional course of study at the WFI Ingolstadt and prepares students specifically for a career in management consulting. Through a combination of specialised courses and direct contact with consultants from leading consulting firms such as Bain & Company, Deloitte, BearingPoint, Simon Kucher and Capgemini, you will have the opportunity to gain deep insights into the industry and become part of a valuable network.
The programme is aimed at committed, determined and team-oriented WFI Master's students who are ready to gain exciting experience and set their career course.
The program in awards and rankings for WFI
The degree programs offered by the Ingolstadt School of Management (WFI) regularly score top positions in popular university rankings. These include:
- WFI scored the top ranking in 6 out of 10 categories of the Trendence Graduate Barometer 2017
- CHE Ranking: KU Master’s program in Business Administration among top ten in CHE university rankings 2023
- Regular top rankings awarded in the ‘Logistik-Masters’ – most recently in 2020
Rankings and assessments
KU students and alumni have voted for their University to be Germany's most popular university in the 2024 ranking of the online portal StudyCheck. This is the third time in a row, as KU was also voted the most popular university in 2021 and 2022. The ranking was based on over 78,000 evaluations for more than 500 higher education institutions and universities. 97 percent of students questioned for the ranking would recommend studying at the KU to others.
"There is no better praise for a university than almost 100 percent of students and alumni agreeing: I can only recommend studying at the KU! That is why we are very pleased with the ranking’s outcome, because it expresses the high level of satisfaction of our students," says KU President Prof. Dr. Gabriele Gien.
Studying abroad
Our students are at home in Ingolstadt and in the world: Multilingual degree programs and a unique network of more than 90 partner universities worldwide make the WFI a global campus with an international study atmosphere. It is with great enthusiasm that the vast majority of our students (approx. 90%) spend one or even several semesters at one of our renowned international partner universities. Irrespective of where you would like to spend your semester abroad: North America or Asia, Australia, South America or Europe – we have the perfect program for you. We promote and supplement the study abroad with a required business language, English-language courses and additional offers from international guest lecturers.
Experience reports from semesters abroad programs at the Ingolstadt School of Management
Semester abroad in Bolzano, South Tyrol, Italy
Rolf Kleylein-Feuerstein
Where did you stay: Free University of Bozen-Bolzano, South Tyrol, Italy
Would you recommend a stay in Bolzano to other students:
Definitely yes! If you are looking for a very modern, trilingual university, in one of the most beautiful places in Europe, Bolzano is just the right place. And please don't let the proximity to Germany scare you off. The mentality there is completely different, as are the climatic conditions. Sometimes you can't believe that it's "only" four hours by car to Ingolstadt.
Stay abroad in Portugal
Anja Mutter
Where did you stay: in Portugal at Universidade do Porto
Tell us about your daily university life there:
A usual day at university there started with a relaxed breakfast with my roommates in our shared flat or at the Douro river. Afterwards I went to the lectures at university; I spent my free time between the courses with my friends on the university meadow or in a cafe. After I finished my tasks for the group work alone or together with the group in the library, I went to the gym, which is right next to the university. In the evening, I cooked and ate with my roommates and afterwards I spent the night in small bars or clubs.
Stay abroad in Angers, France
Maurice Stoerk
Where did you stay: I spent my semester abroad in Angers, at the ESSCA School of Management. The partner university of WFI is one of the Grandes Ecoles in France and is Triple Crown accredited.
Tell us about your daily university life there:
Lectures were held in small classes (no larger than 20 students) and were characterized by a high proportion of group work, presentation and oral participation. I liked the concept very much, as it encouraged personal initiative.
Leisure time
Angers is a nice student town and offers numerous bars, restaurants but also nice spots like the Esplanade Coeur de Maine, which is inviting for ending the week and welcoming the weekend together with fellow students. In addition, it is a good opportunity to visit cities such as Paris, Nantes or Rennes, all of which are less than two hours away by TGV.
Stay abroad in Finland
Jacqueline Heibel
Where did you stay?
I spent my semester abroad at the University of Vaasa in Finland. Vaasa is a small town, but it has its charm and the campus of my host university is super beautiful, right on the waterfront.
What did you like best?
My absolute highlight was the trip to Lapland. Shortly before Christmas we traveled far north with a group, visited Santa Claus and spent cozy days deep in the forest in cozy wooden cabins surrounded by snow. The typical Finnish ice swimming after a sauna session was a must.
Semester abroad in the USA
Manuel Scheerer
Where did you stay?
University of California at Davis, USA
Tell us about your daily university life there? How did you spend your leisure time?
Since we attended a total of 5 courses, we were on campus almost every day. Nevertheless, there was still more than enough time for leisure activities, and the offer at the University of California in Davis is extremely extensive. The Recreational Center offers courses for all kinds of sports. We also participated in the Intramural Soccer League. Davis is definitely a student town where there is always something going on in the evening.
Stay abroad in Mexico
Anna-Maria Contino
Where did you stay?
Guadalajara, Mexico
Tell us about your daily university life there? How did you spend your leisure time?
I had Spanish four times a week in addition to normal courses. In general, I liked being at the university very much, because the campus is very nice and green. There is also a gym and several canteens / cafés.
What did you like best?
Actually, "everything” – I made many friends there whom I would like to visit again soon. I also find the culture very open and warm-hearted. In addition, Guadalajara has a lot to offer and you can also travel very well from there.
Practical connection
Students at the WFI have many opportunities to put what they have learned into practice. Thanks to collaborations with leading companies and organizations in many different fields, the KU is able to offer excellent prospects when it comes to finding internships and starting a career in Germany or abroad. Networking opportunities are provided by our University’s career fair “Company Day” and many other recruiting events, as well as presentations by companies and various workshops.
Studying at the WFI is more than ‘just’ learning. Most students are active in different student organizations. Like this, they continuously hone their soft skills and can exchange views with students from other disciplines. The “WFI spirit” means outstanding commitment.
Career possibilities and professional fields
Career prospects
The specialization focuses on quantitative and information-processing approaches to solving current and complex business administration problems in the industry trade and service companies. In addition to these classic industries, our graduates are also predestined to enter high-level management consulting firms or to continue their research work as part of a doctoral program.
Tax advisor
You are ideally prepared, both professionally and personally, to join the large international auditing and tax consulting firms as a specialist or generalist.
Accounting expert
Accounting experts are specialists in financial and tax law matters concerning companies. They typically work for a bank, an auditing firm or in the accounting department of a company. In the FACT Master’s program, you will learn all necessary methods and skills to start and prosper as an accounting expert.
Consultant
With the acquired methodical knowledge and analytical approaches, graduates of the degree program are ideally equipped for starting a career as a generalist at major strategy consultancies. By focusing on one specific subject area, students are also suitable for embarking on a career as a specialist with strong topic-oriented knowledge in niche consultancies.
Academic career
The specialization provides all the necessary foundations for further research work and ensures that graduates have all ideal prerequisites for successful consecutive doctoral studies in one of the subject areas covered.
Alumni testimonials
"Small seminars, high motivation of the students and professional depth are combined in the WFI's degree program FACT. If you also want to get involved in a community to really make a difference, Ingolstadt is the right place for you.”
"Small seminars, high motivation of the students and professional depth are combined in the WFI's degree program FACT. If you also want to get involved in a community to really make a difference, Ingolstadt is the right place for you.”
"I chose the FACT-Master at the WFI because it combines three things that were very important to me for my Master's degree: A wide range of subjects, excellent supervision and the possibility of integrating a stay abroad.”
"I chose the FACT-Master at the WFI because it combines three things that were very important to me for my Master's degree: A wide range of subjects, excellent supervision and the possibility of integrating a stay abroad.”
What students say about the program
Dear prospective students,
as the coordinator of the Business Administration program FACT, it is very important to me and my colleagues to give our graduates the best possible and sustainable knowledge advantage over their future competitors in the financial industry and to ideally prepare them for a career in the…
Dear prospective students,
as the coordinator of the Business Administration program FACT, it is very important to me and my colleagues to give our graduates the best possible and sustainable knowledge advantage over their future competitors in the financial industry and to ideally prepare them for a career in the financial industry. We are constantly making every effort for keeping our Master's degree program up-to-date and ensure study feasibility.
I look forward to welcoming you to our Faculty in Ingolstadt for the next summer or winter semester.
"The FACT Master’s program at the WFI enables me to prepare for a career in the financial sector in a target-oriented manner. The range of courses offered is convincing, as is the quality of the teaching and the numerous opportunities for study abroad at partner universities on all continents".
"The FACT Master’s program at the WFI enables me to prepare for a career in the financial sector in a target-oriented manner. The range of courses offered is convincing, as is the quality of the teaching and the numerous opportunities for study abroad at partner universities on all continents".
"A connection between theory and practice is established through challenging course contents with problems that are relevant in a practical context and interesting guest lectures from leading business enterprises. The FACT Master’s program at the WFI thus gives me the opportunity to place the business administration…
"A connection between theory and practice is established through challenging course contents with problems that are relevant in a practical context and interesting guest lectures from leading business enterprises. The FACT Master’s program at the WFI thus gives me the opportunity to place the business administration knowledge that I acquired in my Bachelor's degree on an even more solid foundation. In addition, the WFI creates a friendly atmosphere with direct contact to the professors and lecturers and exciting events on campus".
"The WFI convinced me in particular with its good relationship to the professors and the contents thus conveyed. Also, the large selection of different modules allows me to comprehensively prepare for my future professional life. In addition, Ingolstadt is a great student city, which I have grown very fond of."
"The WFI convinced me in particular with its good relationship to the professors and the contents thus conveyed. Also, the large selection of different modules allows me to comprehensively prepare for my future professional life. In addition, Ingolstadt is a great student city, which I have grown very fond of."
"The FACT Master’s program at the WFI enables me to deepen my knowledge that I acquired during my Bachelor's degree further. The course contents of the FACT program are perfectly coordinated and combine classical courses with numerous workshops and practical lectures. This ensures that we will have the best possible start into our later careers."
"The FACT Master’s program at the WFI enables me to deepen my knowledge that I acquired during my Bachelor's degree further. The course contents of the FACT program are perfectly coordinated and combine classical courses with numerous workshops and practical lectures. This ensures that we will have the best possible start into our later careers."
The KU
Ingolstadt Campus
The KU has two campuses: Eichstätt and Ingolstadt. Seven faculties are located in Eichstätt. The Ingolstadt School of Management (WFI) and MIDS (Institute of Applied Mathematics, Machine Learning and Data Science) are located on our Ingolstadt campus.
This degree program is taught on our Ingolstadt campus.
Studying in Ingolstadt
Study location
The district of Eichstätt and the city of Ingolstadt are located in the heart of Bavaria. This central location also means that the KU is easy to reach. The combination of a historic old town, modern infrastructure, attractive leisure facilities and lots of green spaces makes Ingolstadt – the second largest city in Upper Bavaria – an ideal place to study.
Campus
Despite its central location in the city of Ingolstadt, the WFI campus is characterized by short distances. The KU is a campus University with modern facilities. The buildings on campus are located close to the Ingolstadt old town.
More than just a degree
Studying at the KU not only provides you with the specialist knowledge you need, but also aims to open up real future prospects for its students. We want to support our students in finding their own personal path to their individual dream future! The question is not "What career do I want to pursue?", but rather "Who do I want to be?"
Advisory Service
Some offers and study conditions are different for international students – our International Office is happy to provide help and support. If you have any questions, please feel free to contact our team. We are happy to accompany you on your way to the KU and hope that we can welcome you in person soon!
Armelle
Langenwald
International degree seeking students coordinator - Campus Ingolstadt
Building
Hauptbau
|
Room: HB-209
Subject Advisor WFI
Franziska
Rast
Student Counselling
Room: HB-208
Application
Requirements
Bachelor
Selection procedure: see examination regulations
Selection procedure: see examination regulations
Language requirements
DSH 2
Application period winter
Apr 01
-
May 15
Application period summer
Dec 01
-
Jan 15
Admission restriction
No
Selection procedure
Yes
Important Notice on Application Deadlines
The application deadline for individuals who have obtained their university degree within the European Union is from April 1st to June 15th. For those who have obtained their university degree outside the European Union, the application deadline ends earlier, on May 15th.
Application
The application process for international applicants is now completely digital. You can register online in our application portal and carry out and submit your application. After you have carried out the application and uploaded your documents, you do not need to send your documents to us again by post. You do have to submit certified true copies only if you are admitted at the time of enrollment.
Depending on the course of study, you may be asked for information on internships, professional experience, etc. Please upload the relevant documents in the upload area for all the information you provide, even if these are not mandatory fields!
Before you start the application process, please read the additional information on this page, in particular the information on the respective (German) language requirements and university entrance qualifications.