Masters In Finance In Germany

MS in Finance or Masters In Finance In Germany is a two-year advanced post-graduate course for aspirants wishing to build their future in international business and finance. Across Europe, Germany is one of the most preferred locations to study MS in Finance. Whether students wish to learn fund management, banking, securities firms, multinational companies, or financial consultancies, finance aspirants are always in demand. Enrolling in MS in Finance in Germany will open many opportunities for finance handlers in this sector.

Aspirants from across the world wishing to study this subject in Germany need to complete their Bachelor's Degree from a recognised university. The best part of learning in Germany is public universities do not charge any tuition fees to students. However, they must pay a semester fee ranging from €150 to €300. 

Masters In Finance In Germany: Course Highlights

Program

Masters In Finance In Germany

Course

  • Master of Science (M.Sc.) in Finance and Information Management (FIM)
  • M.Sc in Quantitative Accounting and Finance
  • M.Sc. in Finance, Accounting and Taxation (in English & German)
  • Master's in Quantitative Finance
  • M.Sc in Accounting and Finance (In German)
  • MS in Quantitative (Accounting/ Economics/ Finance/ Marketing)
  • Master of Arts in Financial Services Management

Duration of the Course

24 or 36 months

Eligibility

Complete a Bachelor’s Degree from a recognised university with a minimum GPA of 3.0

Some institutes ask candidates to complete an internship. 

Entrance Exams

TOEFL, IELTS, TestDaF, GMAT, DSH, GRE

Tuition Fees

No tuition fee 

Jobs

Accountant, Finance Analyst, Actuary, Financial Manager, Stockbroker or Trader, Investment Manager, Financial Examiner, Insurance Specialist

Average Salary

€48,000 to €66,000

 

Why Study Masters In Finance In Germany

The universities in Germany have proved to be one of the top leaders in the education sector. 

The two reasons to complete a Master's in Finance in Germany are:

  • No tuition fee and low cost of living
  • Low-cost duration, which varies from 18 to 24 months
  • Merit-based scholarships are available
  • Aspirants can work for 240 half days or 120 full days.
  • Focuses mainly on risk management and financial planning 

Top Universities In Germany For Masters In Finance

S.No

University Name

Course

QS World Ranking

1

Technical University Munich, Munich

Master in Finance and Information Management

50

2

Goethe University Frankfurts

M.A in Finance, M.Sc in Money & Finance

340

3

Free University of Berlin, Berlin

M.Sc in Finance, Accounting and Taxation

127

4

Johannes Gutenberg University of Mainz

M.Sc in Accounting & Finance

427

5

University of Kaiserslautern, Rhineland, Palatinate

M.Sc in Actuarial and Financial Mathematics

351-400

6

Philipps University, Marburg

M.Sc in Quantitative Accounting & Finance

701-750

7

University in Kiel

M.Sc in Quantitative Finance

494

Cost to Studying Masters In Finance In Germany

The public universities in Germany to study Masters in Finance do not charge any tuition fees. But a semester fee is needed to be paid by students, which varies from €150 - €300. However, the studying cost of MS in Finance in Germany across different universities varies from €11,000 to €17,000.

University Name

Course

Duration

Tuition Fees in INR & Euro

Technical University Munich, Munich

Master in Finance and Information Management

50

No fees

Goethe University Frankfurt

M.A in Finance, M.Sc in Money & Finance

340

Euro 22,500 or no fees

Free University of Berlin, Berlin

M.Sc in Finance, Accounting and Taxation

127

No fees

Johannes Gutenberg University of Mainz

M.Sc in Accounting & Finance

427

No fees

University of Kaiserslautern, Rhineland, Palatinate

M.Sc in Actuarial and Financial Mathematics

351-400

No fees

Philipps University, Marburg

M.Sc in Quantitative Accounting & Finance

701-750

No fees

University in Kiel

M.Sc in Quantitative Finance

494

No fees

Cost of Living in Germany

International aspirants coming to Germany to complete their studies in MS in Finance is approximately 15,000 EUR every year. Public transport is the best way to commute here, and aspirants can opt for student residence as it is an affordable option. Besides that, an interim renting option is available for students, which they can rent out temporarily.

List of Expenses

Amount in Euro

House rent 

300-500

Student residence

250-300

Travelling 

300-350

Food

500-600

Eligibility Criteria for Masters In Finance In Germany

A few eligibility criteria are there that every candidate needs to accomplish before getting enrolled for a Master's in Finance in Germany. They are:
  • Be An Expert In The Language: If you are considering enrolling in any one of the Universities in Germany in 2022, the most important factor is language. Being proficient in Germany is a must requirement with English. If not in Germany, you have to be trained in English without fail.
  • Submit The Application Form Timely: Candidates wishing to study in Germany must submit the application form promptly. If students miss the deadline, they must wait for another year for this opportunity.
  • Have Health Insurance: To study in Germany, applicants must have a health insurance policy. It will definitely be beneficial for them during their stay in Germany. 

Exams Required to Study Masters In Finance In Germany

Name of the University

Accepted Exams

Minimum Band Requirement

Technical University Munich

GMAT, IELTS

600+, 6.5

Free University Of Berlin

Proof of English language 

At least level B2 CEFR

University of Kaiserslautern

TOEFL-iBT

80

Goethe University Frankfurt

GMAT, TOEFL-iBT

At least 50% percentile in GMAT, 100, 

University of Kiel

TOEFL, ECTS

79, At least 180ECTS or 2.5 in grade

Johannes Gutenberg University Of Mainz

Bachelor’s Degree 

At least 19 credit points

Scholarships to Study Masters In Finance In Germany

Many scholarships and grants are available for International aspirants who wish to complete their studies in Germany. Generally, this scholarship is given to aspirants as a monthly stipend. The value of the scholarship varies from 850 to 1200 EUR every month.

S.No

Scholarship Name

Description

Eligibility

Amount in INR & Euro

1

DAAD

DAAD Scholarships are given to doctoral students, graduates, and post docs. 

Graduation with 85% aggregate or with above-average results

750

2

Development Related Postgraduate Courses (EPOS)

These programs offer individual scholarships to candidates from developing countries to help them study development-related postgraduate courses. 

Minimum of two years of experience for graduated students

750

3

Heinrich Boll

This scholarship is awarded to postgraduate, graduate, and doctoral aspirants who wish to pursue their studies in a particular subject at a German higher institution. 

PhD and Masters students

850 Euros 4536504.00

Master In Finance Salary In Germany

Aspirants with a Master of Finance course can get jobs in reputed companies operating in Germany. The average salary of a job seeker can go up to EUR 49,000 every year. It is five times more compared to what aspirants get in India. Germany is the fourth position in terms of the largest economy in the world. In this place, enormous opportunities for growth are there, which will help students to earn more money. The companies where aspirants can land a job are Audi, Allianz Worldwide, BMW, Munich Re, Deutsche Bank Group, Commerzbank, Ascribe, etc.

Job Profile

Salary in Euro & INR

Financial Analyst

€48000 or ₹3888432.00

Financial Examiner

€60000 or ₹4860540.00

Investment Banker

€67000 or ₹5427603.00

Financial Manager 

€63000 or ₹5103567.00

Financial Advisor

€41000 or ₹3321369.00

Accountant 

€39000 or ₹3159351.00

Actuary

€67000 or ₹5427603.00

Insurance Specialist

€28000 or ₹2268252.00

Trader 

€56000 or ₹4536504.00

How to Apply for Masters In Finance In Germany?

Universities operating in Germany either have fixed or rolling admission deadlines. Candidates who wish to study MS in Finance in Germany need to meet the eligibility criteria mentioned by the website. Applicants applying for these courses are advised to register early as many aspects are there that they need to look for. The process starts with getting the academic profile in order, providing details of English proficiency tests, finances, scholarships, etc. Here are the documents that candidates need to submit while applying for this course in Germany.

  • Proof of German language skills
  • CV
  • Admission Essays
  • Motivational letters (Recommendation Letter / Statement of Purpose)
  • Copy of grades and certificates of all lectures


English Language Test

  • PTE
  • TOEFL
  • IELTS

 FAQ

We hope this article will be helpful to you in getting admission to a reputed university in Germany to study MS in Finance. If you need any guidance regarding the admission process, AECC Global is always there to assist you. Our experts can guide you at every step in the admission process.

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