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Degree
Master of Arts, MA

Language
EN

Location
Online

Tuition Fee
14,700 Euro

Deadline for early-bird discount: 15 May

Programme Start
1 September

Duration Part time
18-24 Months

The Programme

Boost your career with an international degree in leadership.

The Master of Leadership in Development Finance online programme is designed for emerging leaders who are passionate about finance and the role finance plays as a catalyst for economic development and growth in emerging economies worldwide.

Highlights
  • 18-24 months / part-time programme
  • Online programme that gives you an internationally recognised academic degree
  • Networking possibilities through forum and social media closed groups
  • Flexibility to study wherever you are, whenever you want
  • International class with students from all over the world
  • High practice relevance combined with academic excellence

Target Audience

You are the ideal candidate for this Master Programme if:
  • You are a professional with work experience in the development finance industry or related to developing and emerging countries. However, applicants with a different background are also valuable for the programme and should not be excluded.

  • You want to climb the career ladder in your organisation.
  • You wish to follow a high class, accredited programme besides a full time job, combining daily work with professional development.
  • You are ready to make a real change in the economies of developing countries.
  • You want to have the advantages of studying at home while enjoying the benefits of an international classroom.

Requirements

  • Undergraduate academic degree (Bachelor’s or equivalent) from a recognised university (including Diploma and Transcript of Records)
  • Proven excellent written and spoken English
  • At least two years of relevant work experience (proved by a recommendation letter from your former or current employer)
  • Admission Test and Interview

Study Fee

Total tuition fee: 14,700 EUR

Combinable Discounts:

  • 10% Alumni Discount
  • Early Bird Discount for complete applications received by:
January 31st 20%
March 31st 15%
May 31st 10%
  • 10% Group Discount (for 2 or more students)
  • 10% One-Time Payment Discount

Fee amount paid by already completed FSDF e-Campus courses will be deducted.

Curriculum

Semester 1

Development Finance & Growth

Development Finance & Growth

This module provides the conceptual basis for the Master of Leadership in Development Finance. Development Finance & Growth offers a detailed assessment of the key factors driving (and hindering) financial sector development. Through the lens of different macroeconomic schools of thought, students assess the relevance of (inclusive) financial sector development for economic prosperity and growth.

Lecturer

Accounting & Leadership

Accounting & Leadership

= Certified Expert in Financial & Managerial Accounting

Every leader needs to know how to correctly interpret, assess and deduce strategic impulses from financial statements. The module in Accounting & Leadership offers, in a nutshell, the essentials of bookkeeping, budgeting and (bank-) controlling. Students are also introduced to behavioural accounting, a concept that builds heavily on latest research findings, which is highly useful for explaining how financial statements are presented and composed both in banks and businesses.

Lecturer

Lecturer

 1 Elective Module:

Elective: Microfinance (CEMF)

Microfinance

= Certified Expert of Microfinance

This module gives a detailed introduction into the topic of microfinance. It not only presents international trends and best practices with respect to microcredits, microsavings and microinsurance, but also dwells into the challenges and complexity of managing a microfinance institution. Most MFIs operate in an increasingly competitive environment that is quickly changing (e.g. through mobile banking), where both social and financial performance need to be closely monitored and influence management decisions. Students will thus learn how to cope with the specific challenges that microfinance institutions face today.

Lecturer

Helmut Grossmann has not only been working for Frankfurt School of Finance & Management for over 10 years as a Microfinance Specialist, he was also Acting Head of Frankfurt School’s International Advisory Services from 2004-2005.

He has worked in over 20 countries for Frankfurt School. Within his assignments he has been actively involved in giving trainings on the job as well as in classroom. From 2004 until 2013 he has been a lead trainer at one of Frankfurt School’s flagship training programmes for executives, the Summer Academies. He serves as senior consultant and trainer for various Competence Centres of Frankfurt School focussing on financial system development in microfinance as well as in rural finance and agriculture finance.
As a seasoned expert, Mr. Grossmann publicised on microfinance as well as rural and agricultural finance with Frankfurt School, GIZ and UNDP.

Before joining Frankfurt School, Helmut was working as Advisor and Project Manager for Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) from 1998-2004. Further, he was working as Micro-economic Advisor for the Australian Overseas Service Bureau from 1991-1992 and 1996-1998.

Mr. Grossmann holds a degree in Agriculture Economics from the University of Kassel, Germany, as well as a certificate on Instructional Skills from the TAFE College, Australia. Since July 2015 he lives in Bogotá, Colombia.

Choose one of the following courses from our LinkEd Portfolio
 

Elective: Islamic Microfinance (CEIM)

Islamic Microfinance

= Certified Expert in Islamic Microfinance

This module gives a detailed introduction into the topic of microfinance. It not only presents international trends and best practices with respect to microcredits, microsavings and microinsurance, but also dwells into the challenges and complexity of managing a microfinance institution. Most MFIs operate in an increasingly competitive environment that is quickly changing (e.g. through mobile banking), where both social and financial performance need to be closely monitored and influence management decisions. Students will thus learn how to cope with the specific challenges that microfinance institutions face today.

Lecturer

Dr. Muniruddeen Lallmahomood is acting as Expert on Islamic finance and well as Islamic microfinance for Frankfurt School of Finance & Management and is taking a leading role in the development and lecturing of the new certified course on Islamic microfinance. Dr. Lallmahomood further is a guest professor for Islamic finance at Paris-Dauphine University and the University of Strasbourg.

As a seasoned expert and trainer Dr. Lallmahomood has publicised numerous peer reviewed papers on various topic related on Islamic finance in different journals worldwide, including The Journal of Malaysian Institute of Management, Journal of Internet Banking & E-Commerce or The Journal of Islamic Business & Management.

Dr. Lallmahomood has been appointed as Chief Executive Officer of Century Banking Corporation Ltd. (CBC) in Mauritius since August 2015 (previously Acting CEO since June 2014). Prior to this, he was Consultant on Islamic Finance at the Central Bank of Mauritius (2014) and previously held the position as Regional Representative of Bait Al-Mashura Finance Consultations (Qatar) (2011-2014), a licensed Shari’a Advisory firm. In that capacity, he has worked on several major assignments in Islamic investment banking in London and Doha and had the opportunity to engage and work in various sectors and at different levels of management. Last but not least he was Executive Director of Global Management & Business Consulting Ltd., Mauritius from 2007 to 2011.

Dr. Lallmahomood holds a Doctorate in Business Administration from the University of South Australia and a Master’s Degree from the Central Queensland University. He holds the Professional Certificate of Certified Sharia Advisor and Auditor from the Accounting & Auditing Organisation for Islamic Financial Institution (AAOIFI).
 

Semester 2

Strategy & Innovation

Strategy & Innovation

Today’s leaders, especially in emerging markets, are faced by many strategic challenges: high competition, fragmented markets and rapid technological change. This module focuses on strategy formulation, implementation and assessment. It offers a hands.-on guideline to senior executives on how to bring business forward in a globalized, digital world.

Lecturer

Prof. Dr. Björn Michaelis has first been engaged with Frankfurt School of Finance & Management in 2013. He has not only been part of the faculty of the Master’s Programme in Management but also been involved as a lecturer in the executive education programme on “Micro and SME Banking” by teaching “Learning to Lead for New Leaders” and “Leading for Results”. Further than that, Professor Michaelis has taught in diverse strategy, management, and leadership classes in bachelor, master, and executive education programmes in various institutions. He served as the Programme Director of China Development Bank’s (CDB) executive education programme in “Strategy, Innovation, and Leadership” and taught in the CDB “Strategic Management for Financial Groups” programme at Goethe Business School, Frankfurt. Moreover, Professor Michaelis taught several bachelor’s and master’s level courses on strategy and global strategy, organisation, and management at the Kühne Logistics University, the Goethe University Frankfurt, the University of Heidelberg, and the European Business School (EBS).

Today, Professor Michaelis is Adjunct Professor of Management and Organisation at Kühne Logistics University (KLU). Before that he was a post-doc researcher and Habilitand at the UBS-Endowed Professorship for Strategic Management at Goethe University Frankfurt, Germany. At the Goethe University Frankfurt he received his post-doctoral qualification (habilitation) and was granted the "venia legendi" in Business Administration (2011-2015). Moreover, Professor Michaelis was an Associate Professor of Organisational Behaviour (2009-2011) and a Research Associate and doctoral student (2006-2009) at Heidelberg University, Germany. Gaining experience abroad he was a Visiting Fellow at the Graduate School of Business in Fontainebleau (France). Professor Michaelis research interests include corporate strategy, mergers & acquisitions (M&A), joint ventures and strategic alliances, strategic human resource management, and leadership.

Putting his knowledge into practice, Professor Michaelis advises firms in various industries on strategy, management, and leadership issues. He gained business experience, for example, in corporate strategy with Daimler AG in Stuttgart, in strategic human resource management with DaimlerChrylser Japan Holding, Ltd. in Tokyo, and in executive search and selection with Kienbaum Executive Consultants in Gummersbach.

Risk Management for Managers

Risk Management for Managers

Risk management is about coping with the challenges of growth, complexity and competition in a sustainable manner. This module provides a comprehensive overview about the risks which financial institutions face (including credit, market, liquidity and operational risk) with a special emphasis on the particular requirements of emerging and developing markets. It provides students with tools to measure risks and devise appropriate risk-taking and mitigation strategies that give financial institutions the competitive edge in delivering inclusive financial services in a rapidly evolving environment.

Lecturer

Dr. Joachim Bald is Frankfurt School’s most senior international advisor and a recognised expert in Treasury and Risk Management for banking and microfinance. Within his assignments he has been actively involved in giving trainings on the job as well as in the classroom. Since 2004 he is a lead trainer at one of Frankfurt School’s flagship training programmes for executives, the Summer Academies. He serves as lead consultant and trainer at the Frankfurt School Competence Centre in Risk Management and regularly manages complex implementation assignments in Eastern Europe, Asia and Africa.

Joachim maintains a large portfolio of risk management and strategy advisory mandates including recent and ongoing interventions at: Hypo Alpe Adria Bank – Austria, HKL - Cambodia, Al Amana - Morocco, ENDA - Tunisia, XacBank - Mongolia, KazMicroFinance - Kazakhstan, Anelik Bank - Armenia, Rabitabank - Azerbaijan and many more. As a trained econometrician and software developer, Joachim has a knack for financial modelling and crunching large amounts of data. From 1990 to 1995, Joachim worked in the International Banking Division of Commerzbank AG, Frankfurt. In 1995 he accepted an international faculty appointment at Oregon State University in Corvallis. From 1999 to 2004, he worked with Deutsche Börse Systems, the IT division of the German stock exchange and international derivatives markets operator. From 2001 to 2004, he served as Vice President and managing director of the Deutsche Börse US subsidiary in Chicago, where he was responsible for operating the electronic futures and options trading platform for the Chicago Board of Trade and managed a professional staff of 31.

Joachim holds a German MBA (Diplomkaufmann), a doctorate in economics and is also a US Certified Management Accountant.
 

1 Elective Module:

Elective: SME Finance (CESF)

SME Finance

= Certified Expert in SME Finance

Small and medium-sized enterprises (SMEs) are important engines of growth, jobs and social cohesion. However, the creation, survival and growth of SMEs are often hampered by access to finance. Thus, access to SME finance has become a key priority in developing and transition countries. In this course students will therefore learn how to manage SME Finance as an independent product line/customer segment within a financial institution. While topics related to all management levels (from macro to micro, from strategic to operational) will be taught, a clear focus is on the credit risk assessment based on clients' individual analysis.

Lecturers

Mike Hill has been working for Frankfurt School of Finance & Management for over 10 years as an SME Specialist focussing on training and consultancy. He has been delivering SME training courses for over 35 years and was a visiting lecturer at Frankfurt School’s Master of Finance as well as part time lecturer at the University of Bolton. Further he has been engaged as lecturer in the Micro and SME Banking Summer Academy since 2007.

In total Mr. Hill is bringing in over 40 years of experiences as an SME specialist. He has worked in over 30 countries on behalf of Frankfurt School delivering courses on SME finance for a wide range of clients including the IFC, World bank, European Investment bank (EIB) and the European Bank for Reconstruction and Development (EBRD). His students were ranging from Master students to senior banking executives, bank managers, loan officers and bank staff. Further, he has acted as consultant in several SME up- and downscaling projects on behalf of Frankfurt School and has an excellent track record in designing and implementing marketing and customer relationship management strategies with a focus on SME clients.

Before that Mr. Hill worked for Barclays Bank PLC (1971-2004) in a number of Area Director roles focussing primarily on SME finance. He won national awards for sales and service.

Mr. Hill is a Fellow of the Chartered Institute of bankers in England and was an examiner for the Institutes lending qualification.

Kairat Shalabay is one of Frankfurt School’s international advisors in SME banking and Microfinance since 2010. He serves as one of the leading consultants and trainers at Frankfurt School’s SME Finance Competence Center and is regularly engaged in implementation of assignments in Eastern Europe and Asia.

Mr. Shalabay has variety of projects in his portfolio of advisory mandates including: German-Ukrainian Fund – Ukraine, KICB Bank – Kyrgyzstan, InecoBank – Armenia, BystroBank – Russia, Savings and Credit Associations - Moldova, Rabitabank - Azerbaijan and many others. Mr. Shalabay has hands-on experience in commercial banking and a solid knowledge of SME and Microfinance. He is particularly experienced in strategic planning, designing operational procedures, product development, development of lending methodologies and processes, credit risk management and trainings.

Mr. Shalabay studied Economics in Turkey and holds a Master of Science degree in Finance from Exeter University, UK and is also a FS Certified Expert in Risk Management.

Elective: Microinsurance (CEMI)

Microinsurance

= Certified Expert in Microinsurance

The microinsurance sector is an evolving sector, which is impacting how low-income individuals and MSMEs protect themselves against everyday risks. Nevertheless, due to microinsurance’s emerging role in microfinance, research is only at its beginning. This course therefore provides students with a unique overview about the current trends in the microinsurance market and the specific demands of this sector, including product development, marketing, distribution or customer and sales relationship management. It offers participants exclusive insights on how microinsurance can benefit low-income populations and help organizations (e.g., banks, MFIs, insurance companies and brokers) to tap into this new, high potential market segment.

Lecturer

Eric Cimon has been engaged with Frankfurt School of Finance & Management since 2008. He is a highly skilled training expert with an extensive track-record in class-room training and on-the-job coaching in almost twenty countries worldwide. Since 2010 he further is a lecturer for Microinsurance at Frankfurt School’s Micro and SME Summer Academy.

Mr. Cimon is a seasoned expert in insurance as well as microinsurance having publicised on this topic with the Asian Development Bank, the International Labour Organisation as well as the Microinsurance Network.

Mr. Cimon has held management positions with multinational insurance and asset management companies such as Allianz (2000-2004), Skandia/Old Mutual Group (2004-2008) and Prudential Financial Inc. (2008-2009). He has 20 years of experience in the development and positioning of financial services solutions (e.g., insurance, corporate pension and asset management) and is specialist in product development, strategic marketing and distribution in the field of insurance, including conceptualisation, launch and positioning of savings solutions for low-income and mass retail client segments. Mr. Cimon managed product and business development units, including corporate strategy, product management and marketing teams. Last but not least he has been active in preparing strategic business plans, including market research, feasibility studies, and evaluation of local market conditions.

Mr. Cimon holds a Master in International Relation from the Tufts University, Medford, Massachusetts in cooperation with Harvard University, John F. Kennedy School of Government.
 

Elective: Financial Inclusion Policy (CEFI)

Financial Inclusion Policy

= Certified Expert in Financial Inclusion Policy

The significant contribution that financial inclusion can make to achieving inclusive economic growth and the Sustainable Development Goals has gained global recognition. This has in turn led to critical policy reforms that help establish an enabling environment to promote financial inclusion.

This module will provide you with relevant knowledge of the key financial inclusion policy areas which are brought together by a comprehensive strategic approach. These areas are presented especially from the regulatory perspective and it is this that makes the content unique. The module will help develop skills to draft and analyse policies and to design strategies that are most relevant to emerging economies.

This online training is developed and implemented as joint initiative between Frankfurt School of Finance & Management and the Alliance for Financial Inclusion (AFI). You will benefit from world class education experience of a top-ranked business school, combined with the expertise from the world`s leading organization for financial inclusion policymakers.

Semester 3

Elective: Choose between taking the onlice module on Leadership or assisting the Extended Winter Leadership Academy on Campus.
 

Leadership & Change Management

Leadership & Change Management

Top-level executives in emerging markets are faced with a very specific set of leadership challenges: selecting teams in an environment marked by lack of highly educated, highly motivated (affordable) team members is often difficult. Motivating those talented individuals to work together as a team and to ensure loyalty and retention in a context of fierce competition is often even trickier to manage. This is especially the case when organizations undergo fundamental change, for instance going commercial. This module provides a set of tools on how to tackle those challenges effectively and engagingly.

Lecturer

Prof. Dr. Björn Michaelis has first been engaged with Frankfurt School of Finance & Management in 2013. He has not only been part of the faculty of the Master’s Programme in Management but also been involved as a lecturer in the executive education programme on “Micro and SME Banking” by teaching “Learning to Lead for New Leaders” and “Leading for Results”. Further than that, Professor Michaelis has taught in diverse strategy, management, and leadership classes in bachelor, master, and executive education programmes in various institutions. He served as the Programme Director of China Development Bank’s (CDB) executive education programme in “Strategy, Innovation, and Leadership” and taught in the CDB “Strategic Management for Financial Groups” programme at Goethe Business School, Frankfurt. Moreover, Professor Michaelis taught several bachelor’s and master’s level courses on strategy and global strategy, organisation, and management at the Kühne Logistics University, the Goethe University Frankfurt, the University of Heidelberg, and the European Business School (EBS).

Today, Professor Michaelis is Adjunct Professor of Management and Organisation at Kühne Logistics University (KLU). Before that he was a post-doc researcher and Habilitand at the UBS-Endowed Professorship for Strategic Management at Goethe University Frankfurt, Germany. At the Goethe University Frankfurt he received his post-doctoral qualification (habilitation) and was granted the "venia legendi" in Business Administration (2011-2015). Moreover, Professor Michaelis was an Associate Professor of Organisational Behaviour (2009-2011) and a Research Associate and doctoral student (2006-2009) at Heidelberg University, Germany. Gaining experience abroad he was a Visiting Fellow at the Graduate School of Business in Fontainebleau (France). Professor Michaelis research interests include corporate strategy, mergers & acquisitions (M&A), joint ventures and strategic alliances, strategic human resource management, and leadership.

Putting his knowledge into practice, Professor Michaelis advises firms in various industries on strategy, management, and leadership issues. He gained business experience, for example, in corporate strategy with Daimler AG in Stuttgart, in strategic human resource management with DaimlerChrylser Japan Holding, Ltd. in Tokyo, and in executive search and selection with Kienbaum Executive Consultants in Gummersbach.

Extended Leadership Winter Academy (in Frankfurt)

Extended Leadership Winter Academy

The Extended Leadership Winter Academy seeks to familiarise our students with the main theoretical and applied models in leadership and change management. The two weeks in-house training features multiple activities such as interactive lectures, group discussions, role plays and more.

Objective

The Extended Winter Leadership Academy aims at addressing general leadership challenges especially to those arising in the developing world: poaching of talented staff, fragmented teams, and frequent changes in business model. The two weeks course will be particularly useful for students who want to focus their final project on the field of good governance, leadership, and change.

Content

During the two-week programme, students will take part in the following activities:

Date
Activity
Day 1 Be a leader- Walk the Talk
Day 2 Create Value: Negotiation Tactics
Day 3 Building Winning Teams: Leadership in Teams and Decision Groups
Day 4 Leading Winning Teams:  Charismatic and Transformational Leaderhsip
Day 5 Excercise Integrity: Moral and Authentic Leadership
Weekend Essay/Presentation Preparation
Day 8 Participatory Leadership and Delegation
Day 9 Contingency Theories of Leadership
Day 10 Leading Change
Day 11 Strategic Leadership
Day 12 Revision and Presentation

PCost and organisation

The Extended Winter Leadership Academy is free of charge for students of the Master of Leadership in Development Finance online programme. Our participants are not expected to pay any tuition fee for the two-week training in Frankfurt. However, students should cover the following expenses:

  • Travel Expenses: international flight ticket to/from Frankfurt and local transportation to/from the airport
  • Accommodation and daily expenses such as meals during your stay in Frankfurt
  • Health Insurance for two weeks

Visa procedure

Non-EU participants should apply for a visa. Please bear in mind that the Visa application may take some time. We recommend you to apply as soon as possible. The Frankfurt School of Finance and Management will issue visa letters to all those interested in taking part in the two-week training. However, we cannot guarantee that visas will be granted.

1 Elective Module:

Elective: SME Finance (CESF)

SME Finance

= Certified Expert in SME Finance

Small and medium-sized enterprises (SMEs) are important engines of growth, jobs and social cohesion. However, the creation, survival and growth of SMEs are often hampered by access to finance. Thus, access to SME finance has become a key priority in developing and transition countries. In this course students will therefore learn how to manage SME Finance as an independent product line/customer segment within a financial institution. While topics related to all management levels (from macro to micro, from strategic to operational) will be taught, a clear focus is on the credit risk assessment based on clients' individual analysis.

Lecturers

Mike Hill has been working for Frankfurt School of Finance & Management for over 10 years as an SME Specialist focussing on training and consultancy. He has been delivering SME training courses for over 35 years and was a visiting lecturer at Frankfurt School’s Master of Finance as well as part time lecturer at the University of Bolton. Further he has been engaged as lecturer in the Micro and SME Banking Summer Academy since 2007.

In total Mr. Hill is bringing in over 40 years of experiences as an SME specialist. He has worked in over 30 countries on behalf of Frankfurt School delivering courses on SME finance for a wide range of clients including the IFC, World bank, European Investment bank (EIB) and the European Bank for Reconstruction and Development (EBRD). His students were ranging from Master students to senior banking executives, bank managers, loan officers and bank staff. Further, he has acted as consultant in several SME up- and downscaling projects on behalf of Frankfurt School and has an excellent track record in designing and implementing marketing and customer relationship management strategies with a focus on SME clients.

Before that Mr. Hill worked for Barclays Bank PLC (1971-2004) in a number of Area Director roles focussing primarily on SME finance. He won national awards for sales and service.

Mr. Hill is a Fellow of the Chartered Institute of bankers in England and was an examiner for the Institutes lending qualification.

Kairat Shalabay is one of Frankfurt School’s international advisors in SME banking and Microfinance since 2010. He serves as one of the leading consultants and trainers at Frankfurt School’s SME Finance Competence Center and is regularly engaged in implementation of assignments in Eastern Europe and Asia.

Mr. Shalabay has variety of projects in his portfolio of advisory mandates including: German-Ukrainian Fund – Ukraine, KICB Bank – Kyrgyzstan, InecoBank – Armenia, BystroBank – Russia, Savings and Credit Associations - Moldova, Rabitabank - Azerbaijan and many others. Mr. Shalabay has hands-on experience in commercial banking and a solid knowledge of SME and Microfinance. He is particularly experienced in strategic planning, designing operational procedures, product development, development of lending methodologies and processes, credit risk management and trainings.

Mr. Shalabay studied Economics in Turkey and holds a Master of Science degree in Finance from Exeter University, UK and is also a FS Certified Expert in Risk Management.

Elective: Microinsurance (CEMI)

Microinsurance

= Certified Expert in Microinsurance

The microinsurance sector is an evolving sector, which is impacting how low-income individuals and MSMEs protect themselves against everyday risks. Nevertheless, due to microinsurance’s emerging role in microfinance, research is only at its beginning. This course therefore provides students with a unique overview about the current trends in the microinsurance market and the specific demands of this sector, including product development, marketing, distribution or customer and sales relationship management. It offers participants exclusive insights on how microinsurance can benefit low-income populations and help organizations (e.g., banks, MFIs, insurance companies and brokers) to tap into this new, high potential market segment.

Lecturer

Eric Cimon has been engaged with Frankfurt School of Finance & Management since 2008. He is a highly skilled training expert with an extensive track-record in class-room training and on-the-job coaching in almost twenty countries worldwide. Since 2010 he further is a lecturer for Microinsurance at Frankfurt School’s Micro and SME Summer Academy.

Mr. Cimon is a seasoned expert in insurance as well as microinsurance having publicised on this topic with the Asian Development Bank, the International Labour Organisation as well as the Microinsurance Network.

Mr. Cimon has held management positions with multinational insurance and asset management companies such as Allianz (2000-2004), Skandia/Old Mutual Group (2004-2008) and Prudential Financial Inc. (2008-2009). He has 20 years of experience in the development and positioning of financial services solutions (e.g., insurance, corporate pension and asset management) and is specialist in product development, strategic marketing and distribution in the field of insurance, including conceptualisation, launch and positioning of savings solutions for low-income and mass retail client segments. Mr. Cimon managed product and business development units, including corporate strategy, product management and marketing teams. Last but not least he has been active in preparing strategic business plans, including market research, feasibility studies, and evaluation of local market conditions.

Mr. Cimon holds a Master in International Relation from the Tufts University, Medford, Massachusetts in cooperation with Harvard University, John F. Kennedy School of Government.

Elective: Financial Inclusion Policy (CEFI)

Financial Inclusion Policy

= Certified Expert in Financial Inclusion Policy

The significant contribution that financial inclusion can make to achieving inclusive economic growth and the Sustainable Development Goals has gained global recognition. This has in turn led to critical policy reforms that help establish an enabling environment to promote financial inclusion.

This module will provide you with relevant knowledge of the key financial inclusion policy areas which are brought together by a comprehensive strategic approach. These areas are presented especially from the regulatory perspective and it is this that makes the content unique. The module will help develop skills to draft and analyse policies and to design strategies that are most relevant to emerging economies.

This online training is developed and implemented as joint initiative between Frankfurt School of Finance & Management and the Alliance for Financial Inclusion (AFI). You will benefit from world class education experience of a top-ranked business school, combined with the expertise from the world`s leading organization for financial inclusion policymakers.

Elective: Climate & Renewable Energy Finance (CECRF)

Climate and Renewable Energy Finance

= Certified Expert in Climate & Renewable Energy Finance

The Paris Agreement marks the beginning of a new era with the focus shifting from finding a consensus on the common goals to realising jointly agreed goals. “Making finance flows consistent with a pathway towards low greenhouse gas emissions and climate-resilient development” (Article 2 c of the Paris Agreement) will require a significant increase in funding – with new instruments and approaches required to mobilize a broad range of investors and to achieve scalability in financing climate action. Financing the global energy transition will be one key building block. Decreasing prices for renewables combined with increasing regulatory risk for traditional fossil fuels make Renewable Energy (RE) more competitive and attractive for commercial investors.

Lecturers

Silvia Kreibiehl is Head of the Frankfurt School - UNEP Collaborating Centre for Climate & Sustainable Energy Finance (the Centre) at Frankfurt School of Finance & Management since 2013. She is a lead trainer of Frankfurt School’s Climate and Sustainable Energy Finance Summer Academy and has further been involved in various training projects worldwide.

In her role as Head of the Centre Ms. Kreibiehl has overall responsibility for all international Frankfurt School consultancy projects in the area of climate and sustainable energy finance. Ms. Kreibiehl is in charge of project acquisition and management, in particular quality management. She is also directly involved in selected projects. Ms. Kreibiehl led the team which developed the concept for the REPP (Renewable Energy Performance Platform) project on behalf of EIB focusing on financing gap assessments as well as the design of new and the modification of existing guarantee instruments.
She is also leading applied research efforts particularly with regard to the role of local investors in climate finance. Ms. Kreibiehl was a contributing author of the Fifth Assessment Report (AR5) which was published by the Intergovernmental Panel on Climate Change (IPCC) in 2014.

Before joining the Centre Ms. Kreibiehl worked for Deutsche Bank (DB) for 17 years, with 10 years in corporate finance (Equity Capital Markets and Mergers&Acquisitions), in particular in the RE sector. She also worked for 4 years on double bottom line investment opportunities and respective transaction structures in developing countries. She was the lead analyst at Deutsche Bank for the GET FiT concept and was responsible for DB’s shareholding in the Desertec Industrial initiative.

Ms. Kreibiehl holds a German MBA (Diplomkauffrau) from the University of Hagen.

Lecturer

Lecturer

Elective: Climate Adaptation Finance (CECAF)

Climate Adaptation Finance

= Certified Expert in Climate Adaptation Finance

Climate change will have a profound impact on countries and economies. Businesses, small and large, are affected; investors face increased risks, something also observed by the insurance industry. Governments are required to respond too, and do so in different ways: they provide adaptation planning and some (often public) infrastructure, but they also play a key role in providing a policy environment that facilitates the response measures by all stakeholders in the economy. Essential for this course is that most of these response measures – adaptation measures - require investment. There is a tremendous spectrum from small enterprises to corporates up to larger private or public infrastructure projects seeking climate adaptation finance.

Lecturers

Silvia Kreibiehl is Head of the Frankfurt School - UNEP Collaborating Centre for Climate & Sustainable Energy Finance (the Centre) at Frankfurt School of Finance & Management since 2013. She is a lead trainer of Frankfurt School’s Climate and Sustainable Energy Finance Summer Academy and has further been involved in various training projects worldwide.

In her role as Head of the Centre Ms. Kreibiehl has overall responsibility for all international Frankfurt School consultancy projects in the area of climate and sustainable energy finance. Ms. Kreibiehl is in charge of project acquisition and management, in particular quality management. She is also directly involved in selected projects. Ms. Kreibiehl led the team which developed the concept for the REPP (Renewable Energy Performance Platform) project on behalf of EIB focusing on financing gap assessments as well as the design of new and the modification of existing guarantee instruments.
She is also leading applied research efforts particularly with regard to the role of local investors in climate finance. Ms. Kreibiehl was a contributing author of the Fifth Assessment Report (AR5) which was published by the Intergovernmental Panel on Climate Change (IPCC) in 2014.

Before joining the Centre Ms. Kreibiehl worked for Deutsche Bank (DB) for 17 years, with 10 years in corporate finance (Equity Capital Markets and Mergers&Acquisitions), in particular in the RE sector. She also worked for 4 years on double bottom line investment opportunities and respective transaction structures in developing countries. She was the lead analyst at Deutsche Bank for the GET FiT concept and was responsible for DB’s shareholding in the Desertec Industrial initiative.

Ms. Kreibiehl holds a German MBA (Diplomkauffrau) from the University of Hagen.

Lecturer

Semester 4

Project Work

Project Work

The aim of the Project Work is to provide you with the opportunity to apply your skills and knowledge gained during the programme. It is the project work that proves that you have mastery in the subject matter. The project work demonstrates that you can perform critical analysis of a given problem and draw conclusions relevant for the firm setting. Further, the project work is proof that you can describe the project related activities and results in a well written format.

Training Approach

The flexible part-time training concept offers you the opportunity to follow your own schedule and to combine daily work with professional development. The high quality of our training approach will have an immediate impact on your daily job performance.

Our Online Features

  • Mentoring and on-going support from our experienced trainers and tutors throughout the entire programme;
  • Training material based on international best practice with examples from all over the world;
  • A hands-on, practical focus with tools and guidance for real life implementation;
  • A discussion forum for sharing experiences between participants and with the online master team that will get you exposed to recent developments in the financial sector.

Training Material

Video Lectures 
  • Video lectures give an introduction to the topics of each unit and a basic understanding of each topic. 
  • Web based lectures complement the scripts and give get additional input.
Scripts

Most units include a downloadable PDF script, which serves as main training material. The scripts provide basic concepts and principles applicable to the subject-matter of each unit including important definitions, key messages, exercises and examples.

Online Tests

Each unit ends with an online test comprising of a set of 10 - 15 multiple choice questions. Only after having successfully completed the test you will gain access to the next unit.

Case Studies

The key to successful learning is the immediate use of newly acquired knowledge and the transfer of theory into practice. The mandatory Case Studies have to be solved and submitted by a determined deadline.

Further Readings

The e-library contains links to latest studies and sector reports, recent publications, and relevant papers.

Discussion Forum

The forum enables the interaction between students and tutors. It facilitates the exchange of experiences and allows asking questions or get clarifications.

Final Exam

Each course from the Master of Leadership in Development Finance online Programme will end with a final exam.

FAQ on the Final Exam

Do I need to pay for taking the final exam?

The final exam fee is of EUR 50 (per each exam) to be paid to the institution hosting your final exam. The total amount of final exam fees will be deducted form your final tuition fee.  

Who will cover the travel costs related to the final exam?

Travel and accomodation related to the final exam must be arranged independently and is at your own expense.

How does the final exam look like?

The final exam is paper based. The format of the exam depend on the module but it is generally a mixture of multiple choice questions and case studies. The final exam takes 2 hours.

When do I have to take my exams?

The final exam will take place 2-4 weeks after the end of each course.

Where can I take my exams?

We have a network of partner institutions hosting our final exam worldwide.You can choose one of the locations below to take your final exam.

Final Exam Locations

Currently Available Final Exam Locations

America
  • Barbados, Bridgetown: The Cave Hill School of Business Inc. –The University of the West Indies
  • Canada, Montreal: Université du Québec à Montréal (UQAM)
  • Colombia, Bogotá: Universidad Cooperativa de Colombia
  • Ecuador, Quito: Red de Instituciones Financieras de Desarrollo
  • Guatemala, Guatemala City: REDIMIF
  • Haiti, Port-au-Prince: La Societe Financiére Haitienne de Developpment S.A. (SOFIHDES)
  • Honduras, Tegucigalpa: Red Katalysis
  • Mexico, Mexico City:  Pro Desarrollo
  • Panama, Panama City
  • Peru, Lima: COPEME
  • Suriname, Paramaribo: FHR Lim A Po Institute for Social Studies
  • USA, Washington DC
Asia
  • Afghanistan, Kabul: Afghanistan Institute of Banking and Finance
  • Azerbaijan, Baku: AMFA
  • Bangladesh, Dhaka
  • Cambodia, Phnom Penh: ACLEDA Training Center Ltd.
  • China, Beijing: CAM (China Assiciation of Microfinance)
  • Georgia, Tbilisi: International School of Economics at Tbilisi State University
  • India, Chennai: Hand in Hand Academy for Social Entrepreneurship
  • India, Lucknow: MicroSave
  • India, Hyderabad: MicroSave
  • India, Mumbai: FSFM Office
  • Indonesia, Jakarta: MICRA Indonesia
  • Kyrgyz Republic, Bishkek: Association of Microfinance Institutions
  • Laos, Vientiane: ACLEDA Bank
  • Malaysia, Kuala Lumpur, Alliance for Financial Inclusion (AFI)
  • Myanmar: Yangon, Management & Accountancy School (MAS)
  • Pakistan, Islamabad: School of International Law
  • Tajikistan, Dushanbe: AMFOT
  • Vietnam, Hanoi, School of Banking and Finance
Oceania
  • Fiji, Suva: Fiji National University
  • Papua New Guinea: PNG Institute of Banking and Business Management
Europe
  • Austria, Wien: currycom communications GmbH
  • Belgium, Brussel: Fabelfin Academy VZW
  • France, Paris: OLAN SAS
  • Germany, Frankfurt: Frankfurt School of Finance & Management
  • Germany, Hamburg: Frankfurt School of Finance & Management
  • Germany, Munich: Frankfurt School of Finance & Management
  • Greece, Athen: Hellenic Bank Association
  • Italy, Neapels: IPE Business School
  • Kosovo, Pristina: Association of Microfinance Institution in Kosovo, AMIK
  • Luxembourg, Luxembourg City: European Microfinance Platform
  • Poland, Warsaw: Warsaw Institute of Banking
  • Romania, Sibiu
  • Russia, Moscow: Finance Academy and Higher School of Economics
  • Serbia, Belgrade: Association of Serbian Banks
  • Switzerland, Zurich
  • The Netherlands, Utrecht: NPM, Platform for Inclusive Finance
  • Turkey, Ankara: FSDF Office
  • Ukraine, Kyiv: Private Institution of Higher Education “International University of Finance”
  • UK, Birmingham: Humanitarian Academy for Development (HAD)
MENA (Middle East and North Africa)
  • Bahrain, Isa Town: Bahraini German International Services
  • Egypt, Cairo, Sanabel: The Microfinance Network of Arab Countries in Egypt
  • Iraq, Baghdad, Iraqi Microfinance Network
  • Jordan, Amman: JO Consultancy
  • Lebanon, Beirut: Morgan International
  • Morocco, Casablanca: Centre Mohammed VI de soutien à la Microfinance Solidaire
  • Oman, Baushar: College of Banking and Financial Studies
  • Palestine, Ramallah; Palestine Microfinance Network Sharakeh
  • Palestine, Gaza: Palestine Microfinance Network Sharakeh
  • Syria, Damascus: PDI Institute
  • Tunisia, Tunis: Enda inter-arabe
  • United Emirates: Abu Dhabi, Emirates Institute for Banking and Financial Studies
  • Yemen, Sana'a: AMIDEAST
Sub-Sahara Africa
  • Burundi, Bujumbura: Institut Français du Burundi
  • Cameroon, Douala: MPV Academy - The International Business School
  • DR Congo, Kinshasa: Congolese German Center of Microfinance
  • Ghana, Accra: National Banking College
  • Ivory Coast, Abidjan: Ecole Nationale Supérieure de Statistique et d'Economie Appliquée
  • Kenya, Nairobi: Frankfurt School of Finance & Management
  • Mali, Bamako: Mali Folkecenter
  • Mozambique, Maputo
  • Namibia, Windhoek: Namibia University of Science and Technology
  • Nigeria, Abuja: Centre for Microenterprise Development
  • Nigeria: Lagos, Centre for Microenterprise Development
  • Rwanda: Kigali, AMIR Association of Microfinance in Rwanda
  • South Africa: Durban, Durban University of Technology
  • South Africa: Pretoria
  • Tanzania: Dar es Salaam, Tanzania Association of Microfinance
  • Uganda: Kampala, Uganda Institute of Banking
  • Zambia: Lusaka, Association of Microfinance Institutions of Zambia (AMIZ)
  • Zimbabwe: Harare

Please note that Frankfurt School of Finance & Management cannot guarantee the availability of the listed final exam locations. 

As of November 2017. Subject to change.

Application process

1. Online Application

The first step in applying for our programme is the completion of our online application, which includes uploading the following required documents in support of your application:

Eligibility Requirements

  • Undergraduate academic degree (Bachelor’s or equivalent) from a recognised university (including Diploma and Transcript of Records)
  • Proven Excellent written and spoken English
  • At least two years of relevant work experience (proved by a recommendation letter from your former or current employer)
  • Admission Test and Interview

Required Documents

  • CV or resume
  • Transcript of records and diploma from your undergraduate studies
  • Employee Reference Letter

Deadlines

We encourage you to complete your application as early as possible. There are also special financial advantages for candidates who submit a complete application early:

  • January 31st - 20% Early Bird Discount
  • March 31st - 15% Early Bird Discount
  • May 31st - 10% Early Bird Discount
  • July 31st - Application Deadline

2. Admission Test & Interview

The Admission Test consists of several questions designed by Frankfurt School that the candidate will need to answer.

After reviewing your Admission Test, we will invite qualified candidates to participate in a Skype or telephone interview with a member of Frankfurt School. The purpose of the interview is to gain a better understanding of your character, personality, expectations, motivations and goals.

3. Results

The final decision regarding admissions into our Master of Leadership in Development Finance online Programme will be based on a combination of the candidate’s academic qualifications, English language abilities, admissions test score, work experience and interview results.

4. Start of the Programme

The next cohort will start in September 2018

FSDF e-Campus Alumni

If you already got certified in one of Frankfurt School’s Development Finance e-Campus courses, that course will be recognised in our Master Programme, which means, you will not need to repeat it.

Furthermore, the fees you paid for that completed course will be deducted from your tuition fee. Additionally, you will benefit from a 10% Alumni Discount.

Example

You completed the Microfinance and the SME Finance certification courses:

Looking at your curriculum, this means that during the first semester you can concentrate on the following units:

  • Development Finance & Growth
  • Accounting & Leadership

During the second semester you can focus on:

  • Risk Management for Managers
  • Strategy & Innovation

The third semester will be, in this case, a regular one.

On the financial side, your tuition fee will be reduced by 10% (Alumni Discount) and than we will deduct max. EUR 1,950 (in case you paid the full tuition fee of EUR 650 CEMF and EUR 1,300 CESF without any discounts) as well.

Financing your Studies

Fee and Example

If you have completed the FSDF e-Campus courses in SME Finance and Microfinance and applied on April 15, your total tuition fee will be:

Total Fee EUR 14,700
-10% Alumni Discount - EUR 1,470
-10% Early Bird Discount - EUR 1,470
-10% One-Time Payment Discount - EUR 1,470
= EUR 10,290
-Tuition fee paid for completed SME Finance course - EUR 1,300
-Tuition fee paid for completed Microfinance course (early bird) - EUR 550
Total Fee (One-Time Payment) EUR 8,240
Total Fee (split on 3 instalments) EUR 9,710

Installments

The first installment is 40% of the tuition fee, the second and the third 30%.

Instalments
Dates
Regular Fee
(EUR 14,700)
Reduced Fee
(Example above)
1st Instalment by Semester I EUR 5,880 EUR 3,924
2nd Instalment by Semester II EUR 4,410 EUR 2,943
3rd Instalment by Semester III EUR 4,410 EUR 2,943

FS FX Protect

For those of you applying from outside the EURO zone, we are proud to present our highly innovative currency hedging option – FS FX protect.

Over the coming years, several macroeconomic developments may coincide with your studies, which may increase your financial burden. The European Central Bank (ECB) could raise its key interest rates from the current very low levels – perhaps prompting the EURO to appreciate (become more expensive) against other currencies. Countries whose economies depend on the export of commodities may find that their currencies lose value vis-à-vis the EURO. In short, it could well be that your study fees (in EURO) become more expensive (in your home currency) than you calculate now.

We want to ensure that you can complete your Master of Leadership in Development Finance without having to worry about your countries future exchange rate. Your second and third installment will be insured against adverse exchange rate developments by FS FX Protect. It is open for all currencies that can be found on OANDA. FS FX Protect is available for 49 EUROS (added to your first installment). FS FX Protect could save you up to 1,910€ in case your currency depreciates dramatically. The hedging option is explained in detail below. If you want to participate, simply tell us during your admission interview.

Frankfurt School protects Master of Leadership in Development Finance students from foreign exchange risks

Example FS FX Protect

Between 2014 and 2015 the Azerbaijani New Manat (AZN) depreciated against the Euro by almost 15%. If an Azerbaijani student would have started the Master online Programme in September 2014 he would have had to pay almost 15% more for the 2nd and 3rd instalment than if the currency would have been stable (see example below). FS FX Protect secures you from depreciations up to 20%.

*average 3-months FX from 30/4 - 31/07/2016 **actual amount invoiced by Frankfurt Schook, not including EUR 49 FS FX Protect fee

*average 3-months FX from 30/4 - 31/07/2016 **actual amount invoiced by Frankfurt Schook, not including EUR 49 FS FX Protect fee

The Frankfurt School Scholarship Programme

The aim of this scholarship programme is to provide highly talented candidates with an opportunity to study irrespective of their financial circumstances.

Scholarships cover a partial amount of tuition for the Master of Leadership in Development Finance online programme (maximum 30%).

Selection criteria include candidates’ academic achievements (grade of undergraduate degree), performance during the Frankfurt School selection procedure and candidates’ personal achievements (professional and international experience, extracurricular activities, social commitment, and intercultural skills,), motivation, and financial needs.

Scholarship Application

To receive a Frankfurt School partial scholarship for the Master of Leadership in Development Finance you need to submit an application. The application has to be sent via email to onlinemaster@fs.de and should include the following:  

1. A statement delivered to our scholarship committee clearly showing what makes you an outstanding student and why are you the perfect scholarship candidate.

For this you have three options:

  • Short video (max 2 minutes) - preferred;

  • PowerPoint presentation (max. 5 slides) or

  • An essay (max. 500 words)

2. Explain how you will finance the remaining part of tuition fee (keep in mind that the partial scholarship might be less than 30%)

Please note that funds for this scholarship are limited.

Completed applications must be submitted by July 31st. Incomplete applications or applications received after this date will not be considered for a scholarship. Frankfurt School awards the Master scholarships continuously throughout the admission process on a “first come first serve” basis. Therefore, we recommend you applying as soon as possible.

A scholarship committee will review the scholarship candidates only once the application is completed and the applicant is admitted to the Master programme online. The final decision on the scholarship amount lies with the scholarship committee. The Scholarship committee’s decision is final and candidates have no legal entitlement to a scholarship.

Class Profile

Gender

Female 42%
Male 58%

Origin of Students

Africa & Middle East 42%
Europe 29%
Asia 13%
America 13%
Ocenia 4%

Educational Background

Business Adm. & Management 42%
Economics 25%
Other 17%
Banking & Fniance 13%
Accounting 4%

Employer

Private Sector/ Consulting 33%
MFI 29%
International Financial Institution 13%
Banks/ Regulator 8%
Public Institution 8%
NGO 4%
Education/ Research 4%

First Impression
Ruel Edwards, Grenada

Ruel Edwards, Grenada

"Working in a Small Island Developing State such as Grenada with a population of just over 100,000 people which is characterised by an open economy with many small and micro enterprises as the dominant business model and having learned of the Master of Leadership in Development Finance, I was very eager to join the programme.

Read full comment

I am confident that being a part of this noble programme will sharpen by skills, broaden my perspective and will provide me with insights, techniques and other finance tools that will allow me to make a valuable contribution to the paradigm shift that is required in Grenada for the advancement businesses and national developmental policies.

Similar to the sentiments expressed at the Interview stage during the recruitment process, I choose this programme above a PHD at this time because I am confident that at the end I will be competent and competitive on the Job Market.

As the first Grenadian to do this programme I am extremely excited about getting too started and then to graduation and even to welcome other students from diverse background into a once in a life opportunity."

What's next?

Contact

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