Quantitative Master of Science (MSQ) with Concentrations in Quantitative Accounting, Quantitative Economics, Quantitative Finance and Quantitative Marketing

Conditions of admission


Course content and focus areas 

The MSQ Program is integral part of the degree program offerings of the Graduate School of Economics, Finance, and Management (GSEFM). GSEFM constitutes an alliance between Johann Wolfgang Goethe-Universität Frankfurt am Main, Johannes Gutenberg-Universität Mainz and Technische Universität Darmstadt, and offers four Ph.D. Programs (in Accounting, Economics, Finance and Marketing), as well as the MSQ Program. The courses offered as part of the MSQ Program are the same as those offered for the first two years of the Ph.D. Programs. This allows students to work towards a Ph.D. degree in a program structured following international "best practice", and earn a Master’s (M.Sc.) degree along the way.

The MSQ Program is designed to ensure that students acquire within a strongly research-oriented setting a thorough knowledge of the relevant concepts and methods of economic theory and quantitative methods, and can apply these to empirical analysis. Upon graduating from the MSQ Program, students will be in a position to identify interesting research questions, and address these on their own taking into account the current research frontier. The MSQ Program features four areas of concentration: students in the concentration

  • Quantitative Accounting specialize in accounting and management;
  • Quantitative Economics specialize in development and international economics, econometrics, macroeconomics and microeconomics;
  • Quantitative Finance specialize in asset pricing and corporate finance;
  • Quantitative Marketing specialize in marketing.

Having completed courses on modern research methodology during their first year of studies, MSQ Program students at the end of their first year of studies through qualifying examinations can become eligible to also enrol from the second year of studies onwards in the GSEFM Ph.D. program that corresponds to their area of concentration. A Ph.D. degree from GSEFM shall enable students to successfully compete with graduates of globally premier Ph.D. programs in being considered for positions in academia or research-oriented positions outside of academia.

Students who complete their studies at GSEFM with the M.Sc. degree can qualify for careers in the public or private sector involving challenging quantitative issues. This is facilitated by the facts that second-year courses discuss how to carry out frontier research and that part of the second-year studies is to write a Master’s thesis that involves work on a substantive research question. MSQ program students thus demonstrate the ability that they can employ and possibly extend quantitative methods that are suitable for the question at hand, adduce valuable theoretical and/or empirical results, and can interpret these results in an insightful and understandable manner.

Detailed information

Information from the Faculty
Study regulations


Master of Science in one of the following areas of concentration:

  • Quantitative Accounting
  • Quantitative Economics
  • Quantitative Finance
  • Quantitative Marketing

The degree program is designed to be completed within 4 semesters.

Languages of instruction


 Start of the programme

The program starts at the beginning of Wintersemester. 

Student advisory service

GSEFM Office of Student Service
+ 49 (0)69/798-33638

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Conditions of admission

Admission requirements
  • Bachelor’s degree in economics, business or a quantitative discipline involving at least six semesters of study, or a German or international degree in these subjects that is recognized as equivalent;
  • Proof of mathematical/quantitative knowledge (at least 75th percentile in the Quantitative Reasoning Score of the GRE General Test, or alternatively for the concentrations Quantitative Accounting, Quantitative Finance and Quantitative Marketing in the Quantitative Score of the GMAT);
  • 2 essays responding to questions asked by GSEFM;
  • 2 letters of evaluation by professors or other qualified persons;
  • Proof of English language skills (TOEFL test (at least 93 points (iBT) or 580 points (PBT)) or IELTS test (at least 7.0).

Admission is in accordance with a standardized procedure determined by the Board of Examiners of GSEFM. This procedure takes into account the final previous grade, mathematical/quantitative knowledge, the essays and the evaluation letters.

Provisional admission

No regulations 

Mode of admission

Admission to the programme is restricted.

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Documents to be submitted
  • if you are not already enrolled at Goethe-University Frankfurt:
    university entrance qualification (e.g. A-Levels)
  • Bachelor’s degree certificate including transcript of records (also a notarized English or German language translation)
  • if the Bachelor's degree has not yet been completed:
    a transcript of records or equivalent document listing the contents of the degree program and point average
  • 2 essays
  • 2 letters of recommendation by professors or other qualified person
  • application form
  • APS certificate for applicants from India, Vietnam and PR of China (original)
Deadline for applications

January 31 (first deadline) / March 31 (second deadline) / May 31 (final deadline) 

Address for applications Please contact the Faculty

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