Finance, Auditing, Controlling, Taxation (FACT) (MSc)

What is the degree programme about?

The Master FACT - Finance, Auditing, Controlling, Taxation programme combines the teaching of comprehensive competences from the four areas of Finance, Auditing, Controlling and Taxation (FACT). A special feature is the interdisciplinary, coordinated education. The programme combines a scientific foundation with a high level of practical relevance.

Well-known companies support the education - e.g. through lecturers or practical seminars - and belong to the sponsors of the study programme. The versatile options of the specialisation areas enable students to organise their studies individually and flexibly.

The programme is aimed at talented and ambitious students or young professionals with a bachelor's degree in economics or law with a focus on FACT, who would like to prepare themselves on a scientific basis for managerial positions in the professional areas of finance, auditing, controlling and taxation. The degree programme offers graduates excellent preparation for challenging positions in the field of finance, internal and external accounting as well as tax consulting and auditing.

What type of Bachelor's degree do I need?

The Master's programme can be taken by graduates with a Bachelor's degree in Business Administration, Economics, Business Law, Business Informatics, Business Mathematics, Industrial Engineering or a comparable degree programme, provided that these included FACT-related subjects totalling at least 30 ECTS credits and mathematics/statistics-related subjects totalling at least 10 ECTS credits. Further information on the admission requirements can be found under the corresponding menu item.

If you are interested in the Master's programme and have a degree in a subject not listed here, from another university or from abroad, please contact the Master's representative in advance.

Modules and degree programme structure

The Master's programme "FACT" is a full-time programme and consists of the compulsory area (30 ECTS), the specialisation area (60 ECTS) and the Master's thesis (30 ECTS). The compulsory area of the degree programme contains six modules (5 ECTS each). These include the following courses:

  • Capital market-oriented corporate management
  • Controlling of Business Systems
  • Insurance and risk theory
  • Tax profit determination
  • Corporate tax law
  • Group Accounting

The compulsory courses create a common, interdisciplinary basis by teaching students fundamental content from the four FACT areas.

The specialisation area currently has a scope of around 300 ECTS. Due to the extensive so-called "menu suggestions" specific to the professional field that can be selected, the study programme can be designed extremely flexibly: Both an interdisciplinary specialisation across several fields ("FACT generalists") and a narrow specialisation in one of the fields ("FACT specialists") are conceivable. From this extensive range of options, students choose courses worth 60 ECTS. The following five module groups are offered:

  • Finance and Insurance
  • Auditing and Law
  • Controlling
  • Taxation
  • Interdisciplinary modules

If one of the specialisations Taxation, Finance and Insurance, Digitization and Analytics or Sustainability is chosen in FACT, the respective certificate can be acquired. The Master's thesis, as the final component of the programme, is worth 30 ECTS and is written over a period of six months at one of the FACT chairs.

More detailed descriptions of all courses offered can be found in the module handbook. In addition, extensive information about the modules, specialisations and certificates offered can be found on the programme website. You can also find sample timetables and study plans for starting the programme in the summer or winter semester. Information on the degree programme and the certificates can also be found in the faculty's brochures.

Subject knowledge

In the study programme, specialised knowledge from the various fields is learned. The content can be roughly outlined as follows for the focal points of the degree programme:

Finance and Insurance deals with the requirements of banks, stock exchanges, industrial companies and other financial service providers. Auditing and Law is oriented towards the areas of the auditor's exam and includes the requirements for preparing and analysing financial statements as well as a critical penetration of the subject area. Controlling conveys the most important theories, concepts and instruments for providing information to external and internal addressees for the management of companies. Taxation ties in with the examination areas of the tax advisor exam and also includes the area of tax planning. Interdisciplinary modules enable students to gain interdisciplinary knowledge and place a special focus on the area of digitalisation and sustainability.

The FACT programme thus offers students optimal preparation for successful careers in business and academia by acquiring comprehensive skills:

  • Interdisciplinary education at a university rich in tradition with renowned professors and high-ranking lecturers from the field.
  • Wide choice of a large faculty with versatile specialisation options according to the cafeteria principle
  • Support from numerous practical partners
  • Application of the acquired knowledge and preparation of own calculations as well as interpretations to practice-relevant problems
  • Identification and analysis of complex problems based on acquired experience
  • Identification of errors, development of new procedures, pointing out and justifying suggestions for improvement
  • Imparting knowledge for the auditor or tax advisor examination

A list of FAQs and the respective answers is available here on the degree programme website.

Admission requirements

The admission requirements for an application include:

  • Bachelor's degree in one of the following courses of study: business administration, economics, business law, business informatics, business mathematics, industrial engineering or a comparable course of study, provided that the latter contained
    • FACT-related subjects totalling at least 30 ECTS credits, as well as
    • Mathematics/statistics-related subjects totalling at least 10 ECTS credits.
  • English language skills at least on level B2 according to the Common European Framework of Reference (CEFR).
  • Discussion of a FACT-related subject article.

Please note that the Bachelor's thesis or practical semester are not recognised as FACT-related or mathematics/statistics-related subjects.

In addition, applicants who have not acquired the higher education entrance qualification or the relevant first professional qualification in German must provide evidence of sufficient German language skills at least at level B2 of the Common European Framework of Reference for Languages. More information on the selection criteria as well as on the proof of language skills can be found on the homepage of the degree programme.

The discussion of the FACT-related technical article must be submitted with the application in the amount of at least 6,000 to a maximum of 8,000 characters including spaces and footnotes. The specialist articles are determined in advance and the link for them is announced on the homepage of the Master's programme FACT at the beginning of each application period. More information on how to discuss a FACT-related technical article can be found in the corresponding section on the FACT homepage.

Degree program start date and application deadlines

Please find more detailed information on how to apply for a Master or advanced degree program on the following website:

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Degree type: Master of Science (MSc)
Type of study: Master
Location: Nuremberg
Standard duration of study: 4 Semester
Start date of degree program: Summer Term, Winter Term
Faculty: Faculty of Business, Economics, and Law
Admission: Admission Test, Qualification assessment