Earlier this month, 268 new students began their university studies at Frankfurt School in the Bachelor (BSc) in Business Administration. As usual, the BSc team welcomed them with a full week of socializing, useful workshops, a big teambuilding challenge, and the official opening ceremony.[Read more…] about Welcoming the 2019 Bachelor intake at Frankfurt School
For the second time, we ran a photo and video competition during the introduction week of the BSc in Business Administration at Frankfurt School. In addition to regular Instagram photos and videos this year we also included Snapchat and Instagram Stories (which didn’t exist last year).[Read more…] about The winners of the 2017 BSc Instagram and Snapchat competition
We excelled in almost every measured aspect in the categories “BWL” (management) and “Wirtschaftswissenschaften” (business and economics).
The only notable exceptions had to two with facilities (rooms, IT, library), but hey—we know that it’s a bit cramped at times at our current location. That’s why we’re moving to our brand-new Campus in the summer!
Students who want to start their undergraduate studies in Frankfurt School’s Bachelor of Science in Business Administration this year and who would like to take one of the standardized tests should hurry up. SAT and ACT only have one test date each left in this cycle!
Of course, you can take the Frankfurt School admissions test instead. You can either come to Frankfurt for one of the regular Assessment Centers days (see my calendar for the dates) or sit the test abroad. We offer this possibility for a fee at the offices of the German Academic Exchange Service (DAAD) and the Goethe Institutes.
From spring 2018 onward, two things will change for the Advanced Study Phase (that is, semesters 6 and 7) of the Bachelor of Science in Business Administration at Frankfurt School.
First, we will introduce a structure of four quarters, which means that we will divide each semester into two quarters with seven or eight weeks of classes followed by an exam week. We started this system in 2015 with the first semester. Through the additional mid-term exam weeks we reduce the number of exams at the end of each semester and allow students to concentrate on fewer topics at a given time.
Second, the summer semester will start one month earlier than before, namely at the beginning of February. We do this to satisfy frequent requests from students who wanted to have more time off during the summer. Employers often require a three-month minimum for internships, and until now Frankfurt School students only had two months off in the summer. Many students felt that they were missing out on attractive internship opportunities.
The new time structure will look like this:
- Q3: weeks 6 to 12, exams in week 13
- Q4: weeks 14 to 21, exams in week 22
- Q1: weeks 36 to 42, exams in week 43
- Q2: weeks 44 to 50, exams in week 51
There will be thirteen weeks off in the summer and six in the winter. In case you are wondering what the week numbers mean, we follow ISO 8601 which defines week 1 to be the week with the year’s first Thursday in it.
The concrete dates for 2018 are the following:
- Q3: 5 February – 31 March 2018
- Q4: 2 April – 2 June 2018
- Q1: 3 September – 27 October 2018
- Q2: 29 October – 22 December 2018
Each course will run for eight hours a week either on one day (see figure, slots A to E) or on two consecutive days (slots F and G).
While the changes bring a lot of advantages to many students, some are also struggling with them. Depending on where they spend their semester abroad, some students might want to do internships in February and March. It will, therefore, be possible for all students, independent of their concentration, to skip the first quarter of the summer semester (Q3) and only return to Frankfurt at the beginning of April.
You can find all the details in this document that we prepared for the 2015 intake, the first to study with the new time structure.
Recently, Anja Unger, one of my Bachelor students who is currently in her last semester at Frankfurt School, received the Jane M. Klausman award from Zonta Club Frankfurt. This award is given to female business students to strengthen the potential of future women business leaders.
Anja received the award during a session in the fancy Villa Bonn, where Zonta Club Frankfurt holds its meetings. Ironically, it’s the seat of the Frankfurter Gesellschaft, a club where city notables hobnob and which only last year started to accept women as members (although I don’t know if they’ve admitted one yet).
The Club kindly invited me to attend (I was the only man present!), and it was a very nice evening. Anja is a worthy recipient of the award and was very humble when she accepted it. Probably even a bit too humble for my taste. Why is it that women are often reluctant to speak about their accomplishments while many men boast about things when they’re completely clueless?
I hope that Anja will serve as a role model for future generations of female students. Many thanks to club president Annegret Gratzki, vice president Susan Georgijewitsch and all the other members for choosing one of our students!
The Frankfurt School Bachelor of Science in Business Administration is growing! Not only did we welcome yet another record intake of 268 new students last month, but we’re also expanding our program. From 2017 onwards we offer a new Concentration in the field of Marketing, which raises the number of Concentrations to eight.
Marketing is a core function of modern companies. Some even say it is the essence of business. It’s an exciting and very diverse field to work in and an area that is constantly evolving. New technologies offer possibilities that were unthinkable not long ago. Companies can use Big Data to analyze their customers’ needs and communicate with them through social media platforms. At the same time, these technologies have empowered consumers and resulting in entirely different demands for marketing departments.
As with all Concentrations in Frankfurt School’s BSc in Business Administration program, students will get a solid foundation in all areas of management plus in-depth knowledge of marketing and sales.
The Concentration will be entirely taught in English, which means that it is attractive not only to German students wishing to pursue a global career but also to international students who don’t speak German.
Frankfurt School offers great opportunities for undergraduate students. The program is in high demand (we turn away almost two-thirds of all applications). Career opportunities for our graduates are excellent, as we know from many alumni surveys and the interest that employers show in our students.
Tuition at Frankfurt School
There is, however, one disadvantage: studying at Frankfurt School is not free. For those starting in 2017, the Bachelor of Science in Business Administration costs 6,700 Euro per semester, meaning that the entire program amounts to some 43,000 Euro. The exact total depends on where students spend their semesters abroad.
Whether this sounds like a lot of money mostly depends on the perspective. Compared to fees in places like the United States it is true a bargain. Germans, however, are used to free public universities, and many will consider it expensive.
Not a matter of family wealth
All prospective students should carefully way different options and ultimately decide for themselves whether the quality of education and service, the personal access to professors and all the other benefits of Frankfurt School are worth the price. It is crucial, though, that the decision should never be based on the financial abilities of one’s family. Therefore, I am delighted that we have added new financing options for our students. The decision to study at Frankfurt School never depends on the financial abilities of the student’s family.
Financing your studies
Financing options fall into two categories: non-repayable scholarships and loans and funds.
Frankfurt School runs a scholarship program. For the Bachelor of Science, this means a reduction of the tuition fees of 25% or 50%, in exceptional cases up to 75%. Scholarships are awarded continuously throughout the admissions cycle, so it pays to apply early. In addition to the general scholarships we currently also award scholarships for graduates from IB schools and German Schools Abroad (Deutsche Auslandsschulen).
The so-called Deutschlandstipendium awards 300 Euros per month over a (renewable) one-year period.
International students can apply for one of the currently two STIBET III Matching Funds Scholarships from the German Academic Exchange Service (DAAD). These scholarships are meant to help students settle in. They are worth 3,000 Euros, paid in six installments at the beginning of the study program.
Several other German institutions support highly talented students, particularly the thirteen institutions that award scholarships funded by the German Federal Government. Depending on their financial situation students receive up to 970 Euros per month during their studies, plus additional amounts for study abroad.
The German government also awards student loans called BAföG for students from low-income families.
Loans and Funds
Frankfurt School cooperates with different organizations that offer student loans of various kinds. The Frankfurt School Education Fund, run by our partner Brain Capital, finances up to 100% of your tuition fees, meaning that you can complete your studies without paying any tuition. Once you start working after graduation, you pay the fund a certain percentage of your income, usually over ten years.
If your salary is low (somewhat unlikely for Frankfurt School graduates, but just in case) you pay nothing or very little. If your salary is high, you might pay more than you got, but never more than twice the amount received. We believe that this is an intelligent and fair way to finance your studies. You know that the amount you pay depends on your future income, that is, it is directly proportional to the economic benefit that you derive from your degree.
Deutsche Bildung offers a similar model, but the maximum amount you can receive is 15,000 Euros.
Public bank KfW offers an educational loan of up to 650 Euros per month.
US citizens can get a so-called FAFSA loan from the Department of Education. Frankfurt School is one of only four universities in Germany approved by the DoED.
Finally, we’ve just introduced a possibility to pay the tuition fee in monthly installments rather than twice a year at the beginning of each semester. Students who wish to switch plans can do so at any time by contacting their study advisor. There is a 5% surcharge for monthly payments to offset the additional costs for Frankfurt School.
Need more advice?
The different options can be confusing. It all depends on your personal financial situation and your preferences. My colleague Peter Kiefer is our Educational Advisor and an expert in education finance. He can give you tailored advice, free and confidential.
For the second time, Frankfurt School will be the academic partner of Entrepreneurs of Tomorrow, a business plan competition for high school students organized by the American-German Business Club (AGBC) in Frankfurt.[Read more…] about How Frankfurt Schools helps uncover the Entrepreneurs of Tomorrow