Tuition and Financial Aid
Tuition
At present, the Graduate School of Economics, Finance, and Management (GSEFM) does not charge tuition for students enrolled in one of its degree programs on a full-time basis.
Financial Aid
Financial aid is awarded in a competitive process.
As all funds for financial aid for first-year students may be awarded to applicants who submit their application by February 1, it is strongly recommended to apply by February 1 of the calendar year for which admission is sought. To the extent that financial aid is available, all Ph.D. program applications are automatically considered for financial aid. However, it will be useful for applicants to indicate on the application form whether they anticipate being able to join GSEFM only if financial aid were to be granted.
First-year Ph.D. students who cannot be awarded a stipend but do seek financial support have the option to apply for student assistant positions with individual faculty members involved with GSEFM. Hiring for these positions occurs on a decentralized basis through the individual faculty members at GSEFM. For such applications to stand the best chance of success, students should have established themselves at GSEFM, and be available for in-person interviews. To date, most of the students in the GSEFM Ph.D. programs interested in student assistant positions have been able to secure such a position by the end of the fall semester of their first year of studies in their Ph.D. program.
Partially through the generous support of public and private sector institutions, there are also some stipends for second- and higher-year students. Most of the financial support for second- and higher-year students comes in the form of teaching and research assistantships (some of the teaching assistantships may require ability to teach undergraduate students in German). Hiring for most of these positions occurs on a decentralized basis through individual faculty members involved with GSEFM. To date, almost all students who excel during their first year of studies in their Ph.D. program have been able to secure a position as a teaching or research assistant by the end of the fall semester of their second year of studies in their Ph.D. program.
A good number of students have also been able to secure funding through internships at institutions such as the European Central Bank, the Deutsche Bundesbank, the International Monetary Fund, the Asian Development Bank, the Hong Kong Monetary Authority, and Allianz Group.
All students are encouraged to apply for external scholarships. Sources of such funding inter alia include "Deutscher Akademischer Auslandsdienst" and leading German foundations ("Studienstiftung des Deutschen Volkes", "Stiftung Geld und Währung", and foundations of the main German political parties/interest groups – "Begabtenförderungswerke").