The Frankfurt School of Finance & Management is one of Germany’s leading business schools, known for its excellence in finance, management, and business education.
Talented students seeking quality education but concerned about financial constraints, the Frankfurt School offers various scholarship opportunities that can significantly reduce the cost of studying at this prestigious institution.
This blog post provides all the information you need about Frankfurt School scholarships, application processes, eligibility criteria, and tips for success.
About Frankfurt School of Finance & Management
Founded in 1957, the Frankfurt School is a research-led business school that consistently ranks among the top business schools in Germany and Europe.
Located in Germany’s financial center, it offers a range of undergraduate, graduate, and doctoral programs, with many taught entirely in English to serve its international student body.
Types of Scholarships Available
The Frankfurt School offers various scholarship options tailored to different student profiles:
Merit-Based Scholarships
These scholarships reward academic excellence and are available to both domestic and international students.
- Frankfurt School Academic Merit Scholarships: Cover up to 50% of tuition fees
- Dean’s List Scholarships: For top-performing students during their studies
Need-Based Scholarships
Designed for students who demonstrate financial need alongside academic potential.
- FS Financial Aid: Covers 10-30% of tuition fees based on financial situation
- Deutschland Stipendium: Provides €300 monthly support
Diversity Scholarships
- Women in Business Scholarship: Supporting female students in business programs
- International Diversity Scholarship: For students from underrepresented countries
Program-Specific Scholarships
- Master in Management Scholarship: Specifically for MiM program applicants
- Master in Finance Scholarship: For finance-focused graduate students
- MBA Scholarships: Various funding options for MBA candidates
Eligibility Criteria
While specific requirements vary by scholarship type, most Frankfurt School scholarships consider:
- Academic excellence (typically a GPA equivalent of 2.0 or better on the German scale)
- English language proficiency (TOEFL score of at least 90 or IELTS 6.5)
- Extracurricular achievements and leadership experience
- Financial need (for need-based scholarships)
- Strong motivation and fit with the institution’s values
Application Process
The scholarship application process typically involves these key steps:
- Apply to your chosen program first, as scholarship applications are considered only after program admission
- Submit a separate scholarship application through the Frankfurt School online portal
- Provide supporting documents, which may include:
- Academic transcripts
- Standardized test scores (GMAT/GRE for some programs)
- Proof of language proficiency
- Motivation letter
- Financial information (for need-based scholarships)
- Letters of recommendation
Important Deadlines
The Frankfurt School operates rolling admissions for most programs, but scholarship applications have specific deadlines:
- Early Bird Deadline: December 15 (for programs starting in the following fall)
- Main Application Round: March 31
- Final Deadline: May 31 (subject to availability of funds)
Note: For the most current application deadlines, always check the official Frankfurt School website, as these dates may change.
Tips for a Successful Scholarship Application
To maximize your chances of receiving a Frankfurt School scholarship:
- Apply early – Earlier rounds typically have more funding available
- Highlight your unique achievements in your motivation letter
- Demonstrate clear career goals and how the Frankfurt School fits into them
- Show your international perspective and cultural adaptability
- Be authentic in describing your financial situation if applying for need-based aid
- Proofread all documents carefully for errors
Living Costs in Frankfurt
When planning your finances, consider these approximate monthly living expenses in Frankfurt:
- Accommodation: €400-800
- Food: €200-300
- Transportation: €70-90
- Health Insurance: €110
- Other personal expenses: €150-250
Conclusion
The Frankfurt School of Finance & Management offers valuable scholarship opportunities that make quality business education more accessible to talented students worldwide.
By understanding the various options, preparing a strong application, and submitting it before the deadlines, you can significantly increase your chances of receiving financial support for your studies.
Frequently Asked Questions
Can I apply for multiple scholarships at once?
Yes, you can apply for multiple scholarship programs, but you’ll typically receive only the highest value award if successful for multiple options.
Are scholarships renewed automatically each year?
Most scholarships require maintaining a certain academic standard for renewal. Some are one-time awards while others cover the entire program duration.
Do I need to speak German to apply?
For English-taught programs, German proficiency is not required for admission or scholarships, though basic German skills are helpful for daily life.
Can I work while studying on a scholarship?
Yes, scholarship recipients can still work part-time within the legal limits for international students in Germany.
What happens if I defer my admission after receiving a scholarship?
Scholarships are typically not transferable to a different intake. You would need to reapply for both admission and scholarships.