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.
Table of Contents
- Masters In Finance In Germany: Course Highlights
- Why Study Masters In Finance In Germany
- Top Universities In Germany For Masters In Finance
- Cost to Studying Masters In Finance In Germany
- Cost of Living in Germany
- Eligibility Criteria for Masters In Finance In Germany
- Exams Required to Study Masters In Finance In Germany
- Scholarships to Study Masters In Finance In Germany
- Master In Finance Salary In Germany
- How to Apply for Masters In Finance In Germany?
- FAQ
Masters In Finance In Germany: Course Highlights
|
Program |
Masters In Finance In Germany |
|
Course |
|
|
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
- 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
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 is always there to assist you. Our experts can guide you at every step in the admission process.
FAQ
Is Germany good for Masters in Finance?
Many aspirants who wish to build their career in Finance prefer to study Masters in Germany. It is one of the suitable options for individuals wanting to develop their careers in this sector. This program also helps them to get better job opportunities and land higher packages.
Is GMAT required for Masters in Finance in Germany?
Some universities ask aspirants to clear the GMAT, while others ask you to clear IELTS. Before applying for any university, students must go through the set eligibility criteria without fail.
How can I get admission in Germany for a Masters in Finance?
Candidates planning to apply for Masters in Finance in Germany must complete their Bachelor's Degree or a degree equivalent to that from a recognised university. Candidates who have obtained a GPA of at least 3.0 are preferred.