Frankfurt School of Finance & Management

Frankfurt School of Finance & Management is a private, non-profit business school in Frankfurt, Germany.[3] The school offers bachelors, masters, MBA, doctoral, and executive education programs.

This article is about the business school in Frankfurt, Germany. For the group of neo-Marxist intellectuals associated loosely with the Institute for Social Research, see Frankfurt School.
Frankfurt School of Finance & Management
Former names
Bankakademie, Hochschule für Bankwirtschaft
TypePrivate non-profit
Established1957 (1957)[1]
BudgetEUR 92.7m (2016)
PresidentNils Stieglitz
Vice-presidentFatma Dirkes, Michael H. Grote, Jörg Werner, Angelika Werner
Academic staff
167
Administrative staff
506 (incl. consulting services, excl. subsidiaries)
Students2,308
63
Other students
43,440 (professional & executive education courses)
Location
Frankfurt am Main[2]
,
Hesse
,
Germany

50°06′34.70″N 08°41′50.68″E
CampusUrban
ColorsBlue and white         
NicknameFS
AffiliationsEQUIS, AACSB, AMBA, Global Research Alliance for Sustainable Finance and Investment
Websitewww.frankfurt-school.de

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.[4] 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 farm, 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.[5] In 2007 HfB and Bankakademie were merged under the new name Frankfurt School of Finance & Management. Frankfurt School conducts research and offers courses in fields such as renewable energy finance, artificial intelligence, and Blockchain, as well as more traditional areas of business like finance, management, and accounting.[6]

Accreditations

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.

Frankfurt School is accredited by AACSB,[7] EQUIS[8] and AMBA.[9] Together with the ESMT Berlin, ESCP Europe and the University of Mannheim, Frankfurt School is one of only four German business schools earning the Triple Crown accreditation.

The School has also been accredited by the German Council of Science and Humanities (Wissenschaftsrat) and by the FIBAA. The Master of Finance and the Bachelor of Science in Business Administration hold FIBAA's Premium Seal. Its MBA in International Healthcare Management is accredited by the EFMD.

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

Rankings
2017 2018 2019 2020
FT - Masters in Finance Global Ranking [10] 28th 31st *Not yet released *Not yet released
FT - European Business School Rankings [11] 35th 36th *Not yet released *Not yet released
FT - Masters in Management Global Rankings [12] 41st 28th *Not yet released *Not yet released
QS - QS Global 100 EMBA Ranking [13] 28th 21st 20th *Not yet released
QS - QS Global 100 MBA Ranking [14] - 26th 22nd 17th
QS - QS Global 100 Masters in Management Ranking [15] - 56th 47th 52nd
Eduniversal - MBA Ranking (Worldwide) [16] - 32nd 34th *Not yet released
Eduniversal - EMBA Ranking (Worldwide) [17] - 31st 36th *Not yet released
Eduniversal - Masters of Finance Ranking (Worldwide) [18] - 31st 33rd *Not yet released
Eduniversal - Masters of Management Ranking (Worldwide) [19] - 27th 27th *Not yet released
Eduniversal - Masters of Applied Data Science Ranking (Worldwide) [20] - - 14th *Not yet released

In 2018, Frankfurt School was ranked second overall in Germany by Eduniversal, as one of three German business schools having a strong global influence. The university ranking first was Mannheim Business School.[21]

In the Quacquarelli Symonds Global MBA Rankings 2020, Frankfurt School ranked 2nd in Germany, 17th in Europe and 41st globally.[22]

Frankfurt School of Finance & Management placed 28th in the Financial Times Global Masters in Finance Pre-Experience Ranking 2017. Frankfurt School has maintained its position as the only German business school to place in the entire ranking. Frankfurt School was also ranked 41st in the world for the Financial Time's Masters in Management 2017 ranking, the highest entry for newly listed programs. The Masters in Management moved to 28th in the world in the Financial Time's 2018 ranking.

In 2019, the German publication "Business Week" (Wirtschaftswoche) ranked the research output of German-speaking business administration faculties and business schools (in Germany, Austria, Switzerland). In the top research domain ("A +" journals) Frankfurt School was rated as the 2nd best in the region, behind the University of Zurich. Four professors from Frankfurt School were ranked in the top 10 most productive researchers, including the top ranked researcher, Markus Fitza.

Two Frankfurt School professors represented the business school in the Handelsblatt VWL-Ranking 2015 for ‘best research performance’ placing 69th and 77th. Werner Güth placed 15th in the Handelsblatt VWL-Ranking 2015. Additionally, Alexander Libman placed 70th in the ‘top researchers under 40’. In the 2019 edition of the ranking, Tobias Berg placed 2nd among all economists at German universities. Tobias Berg, Sebastian Ebert and Benjamin Born were included in the ranking of top 100 professors under the age of 40.

In the Executive Education 2017 ranking, Frankfurt School placed 74th worldwide and top 3 in Germany. In the Financial Times Executive MBA Ranking 2016, the Frankfurt School MBA placed in the top 100 worldwide, and the EMBA placed 81st worldwide and 37th in Europe. The FT also publishes a list of the top 10 business schools worldwide, where Frankfurt School placed 5th.

In the Die Zeit (The Times) Employability Ranking, FS was ranked as number 1 business school and placed 3rd in the German higher education institutions rankings.

In the current economy week further education rankings, Frankfurt School placed 7th in ‘business economics’ category and was ranked 3rd in the CHE-Ranking.

In 2016 Frankfurt School was ranked 6th worldwide, remaining the best business school in Germany in the Times Higher Global Employability University Ranking.

FS ranked 1st in Germany and 18th in Europe in the QS Business School Employability Ranking 2017. The Executive MBA was in this ranking for the first time and ranked 28th in Europe.

Measured by the number of members on the Vorstand (executive board) of a DAX company, the Frankfurt School of Finance & Management ranked 15th in 2019. In 2019, 3 members on the Vorstand of a DAX company members were alumni of the university. The DAX is a stock market index consisting of the 30 major German companies. The top three universities with the highest number of members on the Vorstand of a DAX company were the LMU Munich, the RWTH Aachen, the Technische Universität Darmstadt and the University of Göttingen.[23]

Faculty

The faculty at Frankfurt School are organized in five departments (Finance, Management, Accounting, Philosophy & Law, and Economics). As of 2018, Frankfurt School of Finance & Management has more than 60 research active professors, making it one of the largest business faculties in Germany.[24][25]

Campus
Frankfurt School Campus

Frankfurt School officially opened their new campus in the district Nordend, Frankfurt, Germany in September 2017. The new, state-of-the-art campus was built with an investment of over €110,000,000.

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 and São Paulo.

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

Frankfurt School is an 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 university 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.

In 2016, Frankfurt School, along with ESMT Berlin, HHL Leipzig, Mannheim Business School, and WHU formed the MBA Alliance, representing a collaboration of the top 5 business schools in Germany.[26]

On March 5, 2018, the Global Research Alliance for Sustainable Finance and Investment was announced, with Frankfurt School of Finance & Management as a founding member. The alliance was formed to promote academic research on sustainable finance, and consists of 18 leading member institutions from around the world, including Frankfurt School of Finance & Management, Stanford University, Columbia University, Yale University, University of Cambridge, University of Oxford, and London School of Economics and Political Science, among others.[27]

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.

Some notable alumni include:

References
  1. "Frankfurt School of Finance & Management". German Education Partners. 2016.
  2. "Top Universities Frankfurt School of Finance & Management". Top Universities.
  3. "Master Portal". Mastersportal. 27 December 2012.
  4. "Company Overview of Frankfurt School of Finance & Management gemeinnützige GmbH". Bloomberg. 2016.
  5. "Frankfurt School of Finance & Management". Find-mba.
  6. "Research Centres". www.frankfurt-school.de. Retrieved 2019-10-21.
  7. "Frankfurt School Receives Prestigious AACSB International Accreditation". Frankfurt School. Archived from the original on 2014-05-12. Retrieved 2014-05-12.
  8. "EQUIS accreditation for Frankfurt School". Frankfurt School. Archived from the original on 2014-07-17. Retrieved 2014-06-23.
  9. "Triple Crown for Frankfurt School - The prestigious AMBA accreditation". Frankfurt School. Retrieved 5 September 2018.
  10. "Business School Rankings from the Financial Times". Financial Times. 2018-01-28. Retrieved 2018-06-20.
  11. "Business school rankings from the Financial Times - FT.com". rankings.ft.com. Retrieved 2018-12-03.
  12. "Business school rankings from the Financial Times - FT.com". rankings.ft.com. Retrieved 2018-02-01.
  13. "QS Global 100 Rankings by Region". rankings.ft.com. Retrieved 2018-05-30.
  14. "QS Global 100 Rankings by Region". rankings.ft.com. Retrieved 2018-05-30.
  15. "QS Global 100 Rankings". rankings.ft.com. Retrieved 2018-05-30.
  16. "The Frankfurt MBA". best-masters.com. Retrieved 2018-08-07.
  17. "The Frankfurt EMBA". best-masters.com. Retrieved 2018-08-07.
  18. "Master of Finance". best-masters.com. Retrieved 2018-08-07.
  19. "Master in Management". best-masters.com. Retrieved 2018-08-07.
  20. "Master in Data Analytics". best-masters.com. Retrieved 2019-10-07.
  21. "University and business school ranking in Germany". www.eduniversal-ranking.com. Retrieved 2019-10-21.
  22. "World University Rankings - Full Time MBA: Global 2020". TopMBA.com. 2019-09-24. Retrieved 2019-10-21.
  23. "An diesen Unis haben die DAX-Vorstände studiert | charly.education". www.charly.education (in German). Retrieved 2019-10-13.
  24. "Frankfurt School of Finance and Management". Access Masters. 2016. Archived from the original on 2016-04-02. Retrieved 2016-04-04.
  25. "Frankfurt School of Finance & Management". Frankfurt Main Finance. 2016.
  26. "MBA Alliance Germany". Cite journal requires |journal= (help)
  27. "Global Research Alliance for Sustainable Finance and Investment". sustainable-alliance.
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