What is it all about?
Competitive conditions are constantly changing on a global scale. Rapid advances in digitalization and automation are subject to systematic qualitative and quantitative management within companies. This, among other things, increases the complexity of managing financial operations. Quantitative, mathematical, and statistical methods and procedures are gaining particular importance in the innovative IT environment.
Consequently, there is a demand for highly qualified college graduates who possess a distinctly quantitative skill set and are capable of meeting the demands of ever-increasing digitalization.
The Stream Controlling & Data Analytics track covers the following topics:
- What challenges arise in the digital age?
- How can companies responsibly address the challenges of internationalization?
- How can economic problems be optimally solved for private-sector companies, associations, or government agencies amid changing global competitive conditions?
- What role do quantitative methods play in financial services and risk management?
- What management tools can be used to lead a company to success?
Management Using Quantitative Methods
The Controlling & Data Analytics track offers a first-class management education that, in addition to an international focus, opens up career opportunities in current and cutting-edge fields—both nationally and internationally—through specialized training in the areas of controlling and digitalization. Particular emphasis is placed on data analysis using databases to prepare you as effectively as possible for the digital challenges of the future.
With a scientific foundation and practical experience
In addition to potential roles at financial service providers such as banks and insurance companies, you will be equipped to work at large, internationally operating companies as well as at auditing and consulting firms.
This track offers a scientifically grounded and practice-oriented management education in the highly relevant field of Controlling & Data Analytics. It offers, for example, specializations in the following areas: financial management, accounting, international controlling, tax management, auditing, risk management, and insurance.
The program consists of both application-oriented modules and more academically focused learning units. In addition to the relevant theoretical and practical expertise, you will acquire career-oriented interpersonal skills during your studies, as well as the ability to identify business management challenges and develop solutions independently.
From the very beginning of your studies, you will shape your profile by specializing in Controlling & Data Analytics and refine your personal area of expertise through your individual selection of required-elective modules from the various specialization areas within the fields of Finance, Accounting, Controlling, and Taxation. Through this wide range of opportunities for individual specialization, the Master’s in Finance, Accounting, Controlling, and Taxation leads to a prestigious qualification in all four fields.
Master of Science, qualifying you for high-level specialized roles
Upon successful completion, the program’s strong quantitative focus will lead to the Master of Science (M.Sc.) degree.
The curriculum and course of study for the Controlling & Data Analytics track are structured as follows:
Controlling & Data Analytics offers the following required modules:
- Cost Management
- Quantitative Methods & Data Analytics
- Advanced Controlling & IT Law
- Business Intelligence-Based Controlling
- Data Analytics for Management Accounting
- IT Controlling
… as well as, for example, the following elective modules :
- Tax Management I & II
- Financial Management
- Advanced Accounting
- Computational Finance
- Auditing & International Tax Law
- Risk Modeling Workshop
This is a thematic overview of the program’s curriculum. Detailed information on the exact course titles, ECTS credits, and weekly semester hours can be found in the examination regulations and the module handbook.
| 1st Semester | Cost Management | Quantitative Methods & Data Analytics | Advanced Controlling & IT Law | Elective Module | Elective Module |
| 2nd Semester | Business Intelligence-Based Controlling | Data Analytics for Management Accounting | IT Controlling | Required Elective Module | Elective Module |
| 3rd Semester | Thesis & Colloquium |
In the four-semester track, a semester abroad or an internship takes place in the third semester, followed by the thesis and colloquium in the fourth semester.
Who does it suit?
This track is right for you if you’re interested in the modern field of digitalization and are open to working in management accounting. A passion for numbers, systems thinking, analysis, and planning are important to you. You already have a solid foundation in business administration, are interested in financial developments, and are motivated to excel.
Project experience or initial professional experience is helpful for successfully completing this challenging degree program. English language skills are also an advantage. The faculty recommends that applicants have English proficiency at the B2 level, as English-language courses or English-language literature may be part of the study program. We require strong communication and interpersonal skills, as teamwork is standard practice in this professional field.
Who has a degree in this study program and this stream,
is ideally suited for leadership roles and high-level specialized positions at banks, insurance companies, asset management firms, investment companies, fiduciary, counseling, auditing, and accounting firms, as well as in the corresponding departments of industrial companies and regulatory agencies—you will become a driving force in digital fields.
Graduates of this study program often work
- in accounting/controlling,
- in finance,
- in corporate management,
- in industrial companies,
- at regulatory agencies,
- at banks or insurance companies, asset management firms, investment companies
- in risk management
- in tax consulting, or
- in auditing.
