Tag: Frankfurt

Exploring Frankfurt, the financial capital of the Eurozone

One of the main reasons Cass is so highly rated is because of its international outlook. Cass has a number of international electives for the master’s courses and this year, the MSc Finance travelled to Frankfurt for a trip based around the European Central Bank (ECB).

Day 1

During our first day in Frankfurt, we had a walking tour organised in the east end of Frankfurt and the area surrounding the new ECB building. It was a great informative tour on how the area has developed from a working-class neighbourhood to the home of the ECB as well as a large number of apartment blocks. In the afternoon, we had a talk organised at the Steigenberger Frankfurter Hof. The talk illuminated the strengths and the weaknesses of the German economy and the general culture of businesses within the country. After the talk, we were offered tickets to catch the views of the city from the top of the main tower.

Day 2

Day 2 started with a trip to the ECB building. The mainpurpose of this trip was to attend a talk by economists on how Brexit will have an effect on the UK as well as the rest of EU. This was a very interesting talk as it gave us a great insight into what to expect in the future in relation to Brexit and what has already happened in the UK and EU because of Brexit. Following the talk, we had a tour of the Geldmuseum at the Deutsche Bundesbank. The tour consisted of the history of the euro as well as the history of money, how money originated and what different civilisations used as money.  After our time in the museum, we then had some spare time to explore the city. We decided to head to the Main Tower as the sky was clear. We were not disappointed and we got an amazing aerial view of the city.

The next day, after a full weekend of learning and exploring, we flew back to London.

Ismail Khan, MSc Finance (2020)

If you’d like to find out more about Ismail’s experience or have any general questions about studying on a master’s degree at Cass, contact him on our ‘Ask a student‘ platform.

Trip to Frankfurt

Known as “Mainhattan” of Germany because of its impressive concrete skyscrapers which chararacterise its main river skyline, Frankfurt is a dynamic finance and business hub.

Home to the new headquarters of the European Central Bank (ECB) and one of the largest stock exchanges worldwide, Frankfurt has everything needed to become the leading financial capital in Europe. Moreover, the compact city laying in the heart of Germany, with its charming old town and plenty of social activities, ensures a high standard of living.

As part of the MSc Finance programme, 80 students went on an educational trip to explore Frankfurt. Our group departed from London Heathrow on Thursday 15th February. After quickly checking-in at our hotel, we had the opportunity to relish the first presentation, held by Mr. Alexander Pfister, a renowned lecturer at the University of Mannheim.

Alexander talked about the strengths and weaknesses of the German economy and its transformation. The key lessons learned were that the now flourishing German economy was not always as strong as it is today.

A clear turnaround could be noticed after Germany hosted the FIFA world cup in 2006. This unique opportunity proved to the German population why they should be proud of what they can achieve as a nation. This motivation still holds true today and is broadly represented by the main pillar of the German economy – its middle-class companies.

A refreshing shower and a quick wardrobe change later, all participants went to a traditional apple wine tavern to enjoy dinner. The combination of good food, wine and pleasant classmates created a delightful ambience. Networking events such as this represent one of the strong characteristics of the Cass Business School community and forges strong lifelong friendships.

On our second day we experienced the highlight of our trip: a visit to the European Central Bank. Usually only encountered in television or newspapers, we had the opportunity to visit the institution where all the important decisions for the Eurozone are made.

Entering the impressive building, we could sense the importance of this place. The flags of every nation stood proud in the middle of the entry area and were a popular spot for student photos. After being warmly welcomed, we attended two presentations.

First we received information on the monetary instruments of the ECB, as well as a detailed insight on its current quantitative easing.

Ms Valerie Jarvis, Economist Analyst for the United Kingdom at the ECB,  gave us economic analysis on the current Brexit discussion and its expected impact on the British economy – supporting economic data was presented to illustrate the impact Brexit decision has already had on UK citizens.

One consequence of Brexit could be the movement of several banks from London to other locations. One possible candidate is Frankfurt and therefore we wanted to know more about this financial hub in Germany. A representative from Frankfurt Main Finance, a promoting organisation for Frankfurt, gave us a very detailed overview about the benefits of living and working in Frankfurt.

With its low taxes and rents, as well as its outstanding infrastructure and quality of life, Frankfurt is a very attractive place for banks.

Furthermore, a wide range of business schools and universities provide a talented pool of candidates for the diverse roles. It is no surprise that many banks, such as Goldman Sachs or Morgan Stanley, have already decided to move to Frankfurt.

We finished this informative day with a presentation on the banking industry of Germany by two representatives of the German Landesbanken.

An international trip like ours offers students first-hand insight and an opportunity learn more about an alternative financial hub besides London. Moreover, it helps to enhance interpersonal skills and gain knowledge that can’t be developed in a classroom. We all enjoyed this trip very much and we are thankful to Cass Business School for organising it.

Fabian Frech & Timon Wyder, MSc Finance (2018)

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