FSFM MiM Fees, Funding, Scholarships & Cost of Living
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Overview
The Master in Management (MiM) at Frankfurt School of Finance & Management (FSFM) is a highly selective, English-taught, two-year programme designed for recent graduates and early professionals seeking strong managerial, analytical, and leadership foundations. Located in Germany’s financial capital, the programme combines academic rigor with strong industry exposure, flexible study structure, and excellent employability outcomes.
A critical factor for most applicants is understanding the true financial commitment including tuition fees, scholarships, funding options, and realistic living costs in Frankfurt. This guide covers everything in detail, clearly and transparently. This guide covers FSFM MiM Fees.
FSFM MiM Fees
The total tuition fee for the Master in Management at Frankfurt School is €35,500 for the full programme duration.
Programme duration: 4 semesters (24 months)
Total tuition fee: €35,500
Average annual fee: €17,750
The tuition fee covers:
All academic courses and examinations
Access to Frankfurt School’s learning resources and digital platforms
Career development services and professional workshops
Use of campus facilities and academic support services
Tuition fees are typically paid in installments, making the financial burden more manageable across semesters.
Fees & Funding Structure
Frankfurt School follows a transparent and student-friendly financing model. While the tuition fee represents the core cost, students are encouraged to combine multiple funding sources such as scholarships, stipends, part-time work, and external loans.
The programme’s three-day study model allows students to work part-time during the week, which significantly helps with monthly expenses and overall budgeting.
Scholarships
Frankfurt School offers several merit-based and diversity-focused scholarships that directly reduce the financial burden of the MiM programme.
Deutschlandstipendium (Germany Scholarship)
One of the most valuable funding options available to MiM students.
Amount: €300 per month
Duration: 12 months
Total value: €3,600
Number of awards: Approximately 60 per academic year
This scholarship is awarded based on:
Academic excellence
Personal achievements
Leadership potential
Social or community engagement
It is non-repayable and available to students of all nationalities.
Frankfurt School Diversity & Excellence Scholarships
Frankfurt School provides partial tuition scholarships aimed at promoting diversity, inclusion, and academic excellence across its Master’s programmes.
These scholarships typically offer:
Partial tuition fee reductions
Recognition of outstanding academic or professional potential
They are competitive and awarded alongside the admission process.
Women-Focused Scholarships
Frankfurt School actively supports gender diversity through women-specific scholarships, funded in collaboration with corporate partners.
These scholarships aim to:
Encourage female participation in management education
Reduce financial barriers for high-potential women candidates
Award amounts vary but generally come as tuition fee reductions.
Corporate & Partner Scholarships
Some scholarships are sponsored by corporate partners and are targeted toward students with specific academic interests or career goals, such as:
Corporate governance
Strategy and leadership
Finance-related management roles
These awards may include:
Partial tuition waivers
Professional networking opportunities
Cost of Living in Frankfurt
Frankfurt is a major financial and international city, and living costs are higher than in smaller German cities but still manageable with proper planning.
Average Monthly Living Expenses
Accommodation: €700 – €1,000
Food & groceries: €250 – €350
Health insurance: €120 – €150
Transport, utilities & personal expenses: €200 – €300
Estimated Monthly Cost
€1,200 – €1,600 per month
Estimated Annual Living Cost
€10,000 – €15,000 per year
Total Cost of Attendance
A complete financial picture for the full MiM programme:
Tuition fees: €35,500
Living expenses (2 years): €20,000 – €30,000
Estimated total programme cost: €55,500 – €65,500
This estimate gives applicants a clear, honest view of the financial investment required.
External Funding & Education Loans
In addition to Frankfurt School scholarships, many international students rely on:
National and international private scholarships
Education loans from banks or global lenders
Country-specific funding bodies
Germany’s post-study work environment and strong graduate employability make the MiM a financially justifiable investment for many students.
Is Frankfurt School MiM Worth the Cost?
From a financial perspective, the Frankfurt School MiM offers:
Competitive tuition compared to other top European MiM programmes
Strong scholarship availability
Excellent access to part-time work opportunities
Location advantage in Europe’s financial hub
High career ROI due to strong industry links
For students seeking a high-quality European MiM with strong career outcomes, Frankfurt School delivers strong value for money when costs, funding, and opportunities are considered together.
