Question 1

Course Curriculum

Accepted Answer

1. What is the scope of the Master of Science in Finance program?

The Master of Science in Finance program is a dynamic and rigorous 6-month online course (in collaboration with IIM Udaipur) followed by an 18-month on-campus experience at the WHU - Otto Beisheim School of Management, Germany. Upon completion, learners will earn a Professional Certificate in Business Management from IIM Udaipur and a master's degree from WHU – Otto Beisheim School of Management. Graduates can pursue career opportunities in areas such as investment banking, corporate finance, asset and wealth management, financial analysis, risk management, financial consulting, fintech, and strategic financial planning.

2. What should I expect from Master of Science in Finance?

The Master of Science in Finance program prepares learners to navigate the complexities of the global financial industry with confidence and expertise. It helps develop strong analytical, strategic, and decision-making skills that are highly valued by employers worldwide. Learners benefit from an international learning environment, exposure to global business practices, and opportunities to build a strong professional network. The program is designed to enhance career prospects in areas such as investment banking, corporate finance, asset management, financial consulting, and fintech, while supporting long-term professional growth and leadership development.

3. Which topics are going to be covered as part of the online coursework?

The program covers concepts such as Leadership, People Performance & Communication, Marketing Management & Sales, Business Strategy & Economics, Business Finance, Operations and Supply Chain, Data-Based Decision Making among others.

4. What type of learning experience should I expect from online coursework?

The online learning experience includes a combination of interactive sessions led by industry experts and renowned faculty, along with additional content resources available through the platform to supplement the learning. Additionally, the program comprises of live lectures dedicated to solving your academic queries and to reinforce the learning of key concepts throughout the program.

5. Is any certification granted at the end of the program?

Post successful completion of the online program, an Professional Certificate in Business Management certificate would be awarded from IIM Udaipur and on completion of the on-campus degree program, a Master's degree in Master of Science in Finance shall be conferred upon by WHU - Otto Beisheim School of Management.

6. Can I sign up only for a few specific modules if I am interested in it?

No, the program is designed to be completed in its entirety and cannot be taken as standalone modules.

Question 2

About WHU - Otto Beisheim School of Management, Germany

Accepted Answer

1. Can you give more details on the WHU - Otto Beisheim School of Management, Germany?

WHU functions as a high-density ecosystem of commercial innovation, where the "WHU Spirit" serves as a catalyst for large-scale enterprises. By integrating rigorous academic inquiry with a powerful network of practitioners, the school fosters a distinctive "Founder’s Mindset." This environment facilitates a profound shift in perspective, equipping learners with an "entrepreneurial edge" that prioritizes strategic agility and the capacity to scale complex systems within the global marketplace.
Often characterized as "The Harvard of Germany," WHU – Otto Beisheim School of Management occupies a unique space in the European educational landscape. Founded in 1984 by the Chamber of Commerce and Industry in Koblenz, the school was established to challenge the status quo of state-run education.

2. Why should I study at the WHU - Otto Beisheim School of Management, Germany?

Central to its prestige is the WHU Foundation, the sovereign entity that ensures the school’s long-term independence and financial excellence. WHU’s MIF program is ranked #29 worldwide and #1 in Germany on the QS Global Rankings in the year 2025.

Prestige & Standing: Consistently ranked as the #1 Business School in Germany, the institution maintains a prestigious standing in the Financial Times 2025 European Rankings.

Outcome-focused Business-education: WHU has cultivated one of the highest densities of unicorn-founding alumni globally, including the architects of Zalando, HelloFresh, and FlixBus.

Venture Capital Hub: In 2023 alone, WHU-led ventures attracted more than $2 billion in capital, a figure representing over 10% of Germany’s total annual venture investment.

Learning Pedagogy: WHU is known for its entrepreneurial academic DNA, where strategy, finance, and innovation are taught with a strong founder and value creation mindset rather than only large corporate theory. The school places unusual emphasis on in house consulting, corporate strategy teams, and real decision-making roles, which is reflected in both coursework and career outcomes.

Employer Network: WHU graduates achieve strong employment outcomes across consulting, finance, technology, industry, and high growth startups. Hiring spans leading global firms, European multinationals, and in house strategy teams, with 22% of roles secured outside Germany, reflecting strong international employer reach.

3. When will I go to the WHU - Otto Beisheim School of Management, Germany?

The WHU - Otto Beisheim School of Management provides one intake opportunity in September for learners entering through the accelerator route.

4. Will I be supported for TOEFL/IELTS/PTE or other English language exams during this program?

Yes, upGrad will help you prepare for the English proficiency test to establish your current English proficiency to be eligible for the master's program in Germany.

Question 3

About Germany

Accepted Answer

1. What are the part-time working rules in Germany?

As a learner, you can work part-time during both courses. The learner can work a maximum of 20 hours during academics and 40 hours during study break. The time permitted in accordance with the immigration norms is 120 full days or 240 half days a year. Typical wage in Germany is around 13.9 Euros per hour.

2. What are the post-study work visa rules in Germany?

Germany allows for the application of up to 18 months of a post-study work visa after completing a degree from Germany.

Question 4

Selection Criteria

Accepted Answer

1. How do I know if the program is right for me?

The Master's in Finance at WHU – Otto Beisheim School of Management could be a strong fit if you:
Want to build expertise in areas such as corporate finance, investment management, financial markets, private equity, or risk management.
Have a quantitative mindset and enjoy working with data, financial analysis, and problem solving.
Aspire to careers in investment banking, consulting, asset management, corporate finance, fintech, or related fields.
Are looking for an internationally recognized business school with strong industry connections across Europe and beyond.
Value a highly international learning environment with diverse classmates, global exchange opportunities, and exposure to leading employers.
Want a curriculum that combines rigorous academic training with practical business applications, company projects, and networking opportunities.

If you are motivated to develop advanced financial expertise, pursue a global career, and thrive in a challenging, career focused environment, the Master's in Finance at WHU is likely to be an excellent choice.

2. Is there any minimum educational qualification required to take this program?

To be eligible for the program, the following criteria need to be fulfilled:

For IIM Udaipur:

Applicants must hold a 4 Year or 3 Year Bachelor’s Degree (except B.A. General / B.Sc. General) in business-related field or STEM subjects with a minimum of 80% marks or above OR a German GPA of 2.0 or below.

Applicants must have a GMAT Score of 555 or higher or GRE score with minimum 158/158 in Verbal/Quantitative.

The awarding university should have an H+ status on Anabin.

A minimum relevant work experience of 3 months to 4 years is required.

A maximum of 3 backlogs is allowed throughout the entire duration of the bachelor's program.

For WHU - Otto Beisheim School of Management:

Learner must successfully complete Professional Certificate in Business Management Program from IIM Udaipur with minimum of 70% in each course and overall.
Learner will only be considered present if they attend the session for at least 54 minutes (60% of the session)
Learner must maintain at least 60% attendance in each course and 70% overall attendance across the program.
In addition to attendance requirements, learner must also meet the academic passing criteria prescribed by the Base University.
English Proficiency Requirements: TOEFL (iBT) >=100 or minimum 5.5 (new format, valid from January 2026) or IELTS (Academic Module) >= 7.0
As a part of the application process, complete a virtual interview through Kira Talent, an online video recording interview platform.
An admissions interview for motivation and academic alignment from WHU Admissions Team.
Master Programs in Germany requires the learner to obtain the dMAT* certification, as required for APS**
Note - *The responsibility for booking, scheduling, appearing for, and successfully completing the dMAT examination shall rest solely with the learner. Any delay in obtaining the dMAT certification may result in delays in securing the APS Certificate and may impact the ability to join the intended On-Campus Program intake.
**The requirement for dMAT to secure an APS certificate will be duly governed and upheld by the APS guidelines and requirements applicable at the time of application.

3. Is work experience required for this course?

Yes, a minimum relevant work experience of 3 months to 4 years is required.

4. What is the list of documents required for the Application?

Scanned copy of Passport (Name & Address Page)

Scanned copy of Graduation Degree and Transcripts

Scanned copy of Graduation Marksheets

Marksheets from 10th to 12th (Optional)

Passport-sized photograph in formal attire

Latest Resume

Statement of Purpose/ Cover Letter

Work Experience Letter

English Language Proficiency Scorecard

GMAT/GRE Score

5. What is the selection process for this program?

There are 3 simple steps in the Admission Process which is detailed as.
Step 1 - Application and Document Submission Apply on upGrad.com and submit your documents.
Step 2 - Shortlisting basis overall performance Our admissions committee will review your profile. Upon qualifying, an offer letter will be sent to you.
Step 3 - Enrollment for Access to Prep Content Make a quick block payment of INR 25,000 to reserve your seat and receive immediate access to the prep content and begin your upGrad journey. Complete balance payment with assistance from our loan partners where required.

Question 5

Visa Assistance

Accepted Answer

1. Will upGrad help me in writing Academic and Visa SOP?

Yes. upGrad supports learners with both the Academic and Visa Statement of Purpose. The team also conducts guidance sessions to help you understand how to structure a strong SOP, what universities typically expect, and how to present your academic goals clearly.

2. How much are living expenses for a year in Germany?

Living expenses in the Germany for international learners are approximately EUR 11,904 per annum. The same needs to be reflected in your bank account.

3. What will happen if I am unable to transfer abroad or if my VISA gets rejected?

If a learner is unable to transfer abroad or faces a visa rejection, they can continue the program online and complete the degree remotely as per eligibility (terms, including applicable fees, may differ in such cases).

Question 6

Time Commitment

Accepted Answer

1. What is the time commitment expected for the program?

At least 12-15 hours per week of time commitment is expected to be able to graduate from the online program. The on-campus program in Germany is full time and will have an appropriate workload.

2. How will my doubts/questions be addressed in an online program?

Peer-to-peer discussion forum where you can post your queries, and your peers/faculty/teaching assistants answer your queries within a day. Regular Q&A sessions with faculty to get clarification on conceptual doubts.

Question 7

Payment

Accepted Answer

No cost CC EMI FAQ's

0% EMI with Third Party Credit Facilitators /Credit card option availability will vary program wise.

1. Which banks allow using 0% Credit card EMI or Credit card EMI?
No cost EMI is available on credit cards from all major banks (American Express, Bank of Baroda, HDFC Bank, ICICI Bank, IndusInd Bank, Kotak Mahindra Bank, RBL Bank, Standard Chartered, Axis Bank, Yes Bank, State Bank of India, CITIBANK and HSBC)

2. Is there any minimum transaction limit ?
Yes. 50000 is the minimum.

3. Standard Chartered Bank offers 18 or 24 months No Cost EMI ?
No. ONLY 12 months is available irrespective of the Program enrolled.

4. Will I have to pay any extra amount for the EMI transaction?
If you are availing 0% credit card EMI, upGrad will not charge any processing fees or down payment for these transactions. Your bank may levy GST or other taxes on the interest component of the EMI.

5. Are there any fees or down payment?
Certain banks charge nominal processing fees between INR 99 - 500 on 0% Credit Card EMI transaction. If charged, will be billed in the first repayment installment.

6. Can I use my International credit card for 0% credit EMI or Credit Card EMI?
Only the Indian bank credit cards can be used. But you can pay the amount using the Credit card option in one shot / part payments, and later you can convert into EMI from your respective bank. The tenures and interest charged will depend on your bank. upGrad will not charge any processing fees or down payment for these transactions, this will be purely between you and your bank.

7. Are there any charges in case I opt for cancellation/refund from the course after paying balance with no cost EMI ?
Yes, there will be additional charges to the extent of interest paid by the upGrad to the bank, you will be refunded only Principal amount, i.e. the amount actually deducted/blocked from your card. This deduction will be in addition to the amount mentioned in the refund policy shared with your offer letter.

8. Can I Pay Using Multiple Credit Cards ?
Multiple cards can be used to complete the payments using Part payment option make sure to inform the student, minimum transaction is INR 50000 to opt for 0% CC EMI E.g. Amount to be paid: 150000. I can pay using 2 Credit cards. Yes, Example :
HDFC Card – Part payment – INR 100000
ICICI Card – Part payment – INR 50000

9. How can I opt for Credit card EMI if my bank is not listed in the 0% Credit card EMI or Credit card EMI?
You can pay the amount using the Credit card option in one shot / part payments, and later you can convert into EMI from your respective bank. The tenures and interest charged will depend on your bank. upGrad will not charge any processing fees or down payment for these transactions.

10. Why is the entire amount blocked on my credit card?
Initially your bank will block the entire amount from your available purchase limit and from your next billing cycle, you will be charged the EMI amount. As you start paying your EMI, your credit limit will be released accordingly. For example, if you have made a payment of ₹100000 on 6-months EMI and your credit limit is ₹200,000 then initially your bank will block your credit limit by ₹100000. After payment of your first month EMI of Rs.15000, the blocked amount will come down to ₹85000.

11. Why is interest getting charged on No Cost EMI?
Your bank will charge you interest. However, this interest charge has been provided to you as an upfront discount at the time of your payment, effectively giving you the benefit of a No cost EMI. The total amount paid during the entire EMI tenure to the bank will be equal to the amount to be paid to upGrad.

Eg. Amount payable to upGrad: INR 405000
Let's say Amount deducted at the time of transaction: INR 379850 (Principal amount) Bank charges interest of 12-15% per annum on INR 379850
[Note: Interest factor is reducing rate and not Flat rate]
EMI AMOUNT = INR 33750 x 12 = INR 405000
Effectively, you have taken loan on 379,850 instead of 405,000

Question 8

Refund Policy

Accepted Answer

1. Is there any deferral or refund policy for this program?

Refund Policy:

1. Payment of Caution Amount: You must pay the applicable Caution Amount as mentioned in the Offer Letter issued to You for successful enrolment to the Study Abroad Pathway. This Caution Amount will be adjustable against the Total Program Fee for the Study Abroad Pathway payable by You.

2. Pre-Cohort Commencement of the Base Program: Once you have made a partial or full payment of Total Program Fee for the Study Abroad Pathway, You may claim a refund for the amount paid by You towards the Total Program Fee for the Study Abroad Pathway at any time before the Cohort Commencement Date of the Base Program by raising a refund request through “My Applications” page on the upGrad website (www.upgrad.com), stating the specific reason for the refund.

a. The refund shall be subject to a deduction of INR. 20,000/- towards processing fee (“Refund Processing Fee”) by upGrad.

b. In case you have paid less than INR. 20,000/-, You shall not be eligible for any refund in such a case. The amount already paid by you will be considered as the amount paid towards the Refund Processing Fee.

3. Post-Cohort Commencement of the Base Program: You shall not be eligible for refund (under any circumstances) if the refund request is raised post the Cohort Commencement Date of the Base Program.

a. In such a case, You will continue to pay the EMI of Your loan or any financing facility that You may have availed in respect of the Study Abroad Pathway from the third-party service provider (if applicable) as upGrad is not a party to any such arrangements between You and the third-party credit facility provider and holds no obligation in this regard.

b. However, You can request a Pre-Program Deferral as per the policy defined below for the same.

4. Refund Ineligibility Due to Discrepancies: You will not be eligible for a refund of any amount paid towards the Total Program Fee for the Study Abroad Pathway if any discrepancy is identified between Your application and self-attested documents. This includes, but is not limited to, incorrect details about Your grades or any other inaccurate information provided in Your application as part of the Eligibility Criteria for the Base Program.

5. Loan Cancellation Responsibility and Indemnity: In the event of a valid refund request after obtaining a loan and/or credit facility from a third-party credit facility provider, You will be solely responsible for cancelling the loan.

a. upGrad is not a party to any such arrangements between You and the third-party credit facility provider and holds no obligation in this regard.

b. You agree to indemnify, defend, and hold harmless upGrad, its affiliates, officers, directors, employees, and agents from and against any claims, liabilities, losses, damages, costs, or expenses (including legal fees) arising out of or in connection with Your loan arrangement, including but not limited to any failure to cancel the loan or any disputes with the third-party credit facility provider.

6. Deferred Enrolment Due to Incomplete Documentation: If You fail to submit the required documents within the timeline specified in the Offer Letter, Your enrolment will be deferred to the next cohort. You will not be eligible for any refunds in such a case.

Deferral Policy:

Pre-Program Commencement:

1. Pre-Program Deferral Option: If You are unable to start the Base Program as per the originally enrolled cohort due to unavoidable circumstances, You may request a deferral before the Cohort Commencement Date of the Base Program subject to upGrad’s approval. Please note that upGrad reserves the right to grant or deny such requests at its discretion. In such a case, You will have the option to defer to a later cohort for the Base Program.

2. Applicable Program Fee for Deferred Cohort: The Total Program Fee for the Study Abroad Pathway applicable to You will be based on the prevailing Total Program Fee for the cohort to which You have deferred. No additional deferral fee will be required.

3. Liability for Differential Program Fee: If there is a difference in the Total Program Fee for the Study Abroad Pathway between your originally enrolled cohort and the deferred cohort, You will be required to pay the differential amount.

4. Deferrals Subject to Cohort Availability: All deferrals shall be subject to the availability of future cohorts of the Base Program. In the event that no future cohort of the Base Program is available, no deferral option shall be granted.

Post Program Commencement:

1. Deferral Due to Time Constraints: If You are facing significant difficulties in dedicating time to the Base Program, You can request for a deferral to a subsequent cohort, subject to upGrad’s approval. Please note that upGrad reserves the right to grant or deny such requests at its discretion.

2. Deferral Request Limit and Timeline: You may request a deferral only once during the Base Program, and it must be to a cohort commencing within one year from the Cohort Commencement Date of the Base Program of your originally enrolled cohort.

3. One-Time Deferral Policy: You may avail the deferral option only once during the Program period. No subsequent deferral requests will be entertained by upGrad.

4. Post-Program Deferral Fee: To process Your deferral request, You must pay an additional deferral fee of 10% of Total Program Fee for the Study Abroad Pathway, inclusive of taxes (“Post-Program Deferral Fee”). The Post -Program Deferral Fee is over and above the Total Program Fee for the Study Abroad Pathway and cannot be adjusted against it. The deferral request will be approved only after upGrad receives the Post-Program Deferral Fee.

5. Continuation in Originally enrolled Cohort Until Approval: Until the Post-Program Deferral Fee is paid, and the deferral request is approved by upGrad, You will be considered part of your originally enrolled cohort and must continue as per the Base Program requirements.

6. Payment Deadline for Post-Program Deferral Fee: You must complete the payment of the Post-Program Deferral Fee within seven days (including holidays and weekends) from the date of Your deferral request. If the payment of the Post-Program Deferral Fee is not made within this period, the deferral request will expire, and You will continue as part of the originally enrolled cohort.

7. Liability for Differential Program Fee: If there is a difference in the Total Program Fee for the Study Abroad Pathway between Your originally enrolled cohort and the deferred cohort, You will be required to pay the differential amount between the Program Fee for the Study Abroad Pathway paid by You and the Total Program Fee for the Study Abroad Pathway for the deferred cohort

8. Deferral Confirmation and Learning Progress: Once you have completed the payment of the Post-Program Deferral Fee, Your login access will be disabled for the originally enrolled cohort. You will exit the originally enrolled cohort and begin learning in the deferred cohort from the last graded assignment in the originally enrolled cohort. All grades and progress up to that point will be carried forward to the deferred cohort without any changes.

9. Deferral Request Deadline: A deferral request can only be made while Your originally enrolled cohort is ongoing. Once the originally enrolled cohort has been completed, deferral requests will not be entertained. For clarification, cohort completion refers to the “last grace deadline” as communicated by upGrad.

10. Deferrals Subject to Cohort Availability: All deferrals shall be subject to the availability of future cohorts of the Base Program. In the event that no future cohort of the Base Program is available, no deferral option shall be granted.

Master of Science in Finance

WHU, Germany

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₹12 Lakhs*

€65K

1.5 Years

Sep 2027

One degree, infinite global possibilities

Start online, complete on-campus in Germany

Curriculum designed for your success

Online

IIM Udaipur, India

Professional Certificate in Business Management

On-Campus

WHU - Otto Beisheim School of Management