Masters in Finance in Germany: Top Universities, Eligibility, Fees, Scholarships, Jobs
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Pursuing a Master's in Finance in Germany is an excellent choice for students looking to build a successful career in the finance sector. Germany is known for its high-quality education, strong economy, and vibrant job market, making it a popular destination for international students.
Masters in Finance in Germany (MS in Finance) is an advanced two-year postgraduate degree for students who are looking to build their careers in international business and finance sectors. Germany is one of the many favoured destinations for studying Masters in Finance across Europe. Whether it is banking, fund management, multinational companies, securities firms or financial consultancies, there is always a demand for finance handlers and this is where a graduate in MS in Finance would be largely required. Studying Masters in Finance in Germany is sure to prepare students to succeed in the finance-related professions
Indian students wanting to pursue MS in Finance in Germany are required to hold a Bachelor’s degree from a recognized university. While public universities in Germany do not charge a tuition fee, however, candidates are required to pay a semester fee, ranging from EUR 150 - EUR 300 (INR 13.7 K - 27.5 K), which has to be paid at the start of each semester, the cost of studying finance courses in Germany across private universities start at EUR 11,000 (INR 10 L) and can go up to EUR 17,000 (INR 15.5 L) for a year. The average salary for Masters in Finance graduates range from EUR 48,000 to EUR 66,000 (INR 44 L - 60 L) a year. The remuneration increases as the candidates acquire more skills and experience in their field of work. In this article, we are going to be talking about the many important aspects of pursuing Masters in Finance in Germany along with the top universities in Germany for Masters in Finance.
Germany is one of the top study abroad destinations for international students and one of the top choices for students planning to pursue Masters in Finance abroad. In this article, we will discuss in detail about the top German colleges for Masters in Finance, specializations, course details, how to apply, and more.
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Why Study Masters in Finance in Germany?
Germany with its state of the art universities complete with modern amenities has proved itself to be a leader in the field of finance studies. The top reasons to study in Germany include:
- Low tuition fee
- Low cost of living
- State of the art universities that combine knowledge with practical training
- 18 month stay back period
- Candidates are allowed to work a total of 120 full or 240 half days per year
- Availability of Merit-based scholarships
Top Universities in Germany for Masters in Finance
In this section, we are going to be talking about the top universities in Germany for Masters in Finance. Along with the top universities we are also going to be providing other valuable details related to the university. Candidates are often confused about the top universities for pursuing MS in Finance. Not anymore.
Best Finance Universities in Germany
We have listed below the top universities to pursue Master's in Finance in Germany:
| University |
Popular Masters in Finance specialization |
Course Duration |
|---|---|---|
| Master of Science (M.Sc.) in Finance and Information Management (FIM) |
2 years (Full Time) |
|
| M.Sc. in Finance, Accounting and Taxation (in English & German) |
2 years (Full Time) |
|
| M.Sc in Quantitative Accounting and Finance (In German) |
2 years (Full Time) |
|
| 2 years (Full Time) |
||
| M.Sc in Accounting and Finance (In German) |
2 years (Full Time) |
|
| 18 months (Full Time) |
||
| MS in Quantitative (Accounting/ Economics/ Finance/ Marketing) |
2 years (Full Time) |
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Masters in Finance in Germany: Specialization
Masters in Finance specialization would allow candidates looking to study MS in Finance to choose from one or several focus areas and to develop their own research projects. Some of the finance specializations mentioned below could be offered as an entire course or be a portion of a broader financial course programme.
| Asset Markets |
Advanced Derivatives |
Behavioural Finance |
| Corporate Finance |
Financial Management |
Financial Econometrics |
| Financial Markets |
Financial Engineering |
Financial Planning |
| Financial Mathematics |
Finance Research Methods |
Financial Reporting |
| Financial Statement Analysis |
Financial Accounting and Analysis |
International Finance |
| Infrastructure Finance |
Management Accounting |
Mergers and Acquisitions |
| Professional Practice in Finance |
Portfolio Management Methods |
Private Equity and Venture Capital |
| Real Estate Finance |
Risk Management |
Structured Financial Products |
MSc Finance Germany: Eligibility
In this section, we are going to be talking about the eligibility criteria for Indian students looking to pursue Masters in Finance in Germany. Candidates looking to apply for Masters in Finance in Germany must have a recognized Bachelor’s degree or an equivalent degree from a recognized university. Preferable with a GPA of 3.0 and above.
Many technical universities could require students to complete an internship as part of the eligibility process. However, this is on a case by case basis and not relevant for all universities in Germany. Candidates should keep in mind that admission to finance courses in Germany is competitive due to the high quality of education. Hence, candidates should work on building their academic profile to assure themselves of a seat at a top German university.
MSc Finance Germany: How to apply?
Universities in Germany either have rolling admissions or fixed admission deadlines. Candidates are required to check the university website or get in touch with our Shiksha Counselling Services to know about the admission process to German Universities. However, candidates applying to finance courses in Germany or abroad are advised to apply early as there are many elements attached to the application process. Getting your academic profile ready, credentials in order, finances, scholarships and English proficiency tests are a few of the entails that are part of the admission process.
When to Apply?
Universities in Germany have rolling admissions or fixed admission deadlines. Usually, German universities accept international applications in two major intakes: Summer (Mar/Apr start) intake and Fall (Aug/Sep start) intake. Note that Fall intake are open for most of the courses. However, Summer intakes are open for selective courses only.
Read: Admission Deadlines for German Universities
Documents Required
We have listed below the documents required for Master's in Finance in Germany:
- CV
- Copy of certificate as well as grades of all lectures in the pre-study
- Motivation letters [Statement of Purpose (SOP) / What is a Letter of Recommendation (LOR)]
- Admission Essays
- Proof of German language skills (optional)
English language Tests (optional)
Some of the English proficiency exam scores which you can submit to study MSc in Finance in Germany are listed below:
Cost of Studying Masters in Finance in Germany?
As afforementioned, public universities in Germany do not require students to pay tuition fees, however, they are required to pay a semester fee, ranging from EUR 150 - EUR 300 (INR 13.7 K - 27.5 K) at the start of every year. However, the cost of studying in Germany for MS in Finance across private universities start at EUR 11,000 (INR 10 L) and can go up to EUR 17,000 (INR 15.5 L) for a year.
Cost of Living in Germany: Candidates looking to live in Germany are required to open a Blocked Account. The Blocked Account has the required living expense for a student. This amount is decided by the government in Germany. As of January 1, 2024, keeping the rate of inflation in mind, the mandatory amount required in the Block Account for studying in Germany is EUR 11,208 (INR 10.2 L) for an entire year.
Scholarships to study Masters in Finance in Germany
All German universities recognize talent and they value this talent by providing merit-based scholarships that can be found listed on the official website of universities. Candidates should also get in touch with admission officers to inquire about scholarships and ways to apply for the same. Candidates should note that it is important to apply to universities well ahead of deadlines to keep room for any special requests that the university might have as part of the scholarship application process. And there is a number of study abroad scholarships that are available to students wanting to study abroad provided by public and private organizations to promote education abroad. Candidates can check out the list of study abroad scholarships on our website.
Also Read:
German Student visa
Candidates going to study in Germany would require a German Student Visa for their entire duration of stay. The student visa would also allow students access to part-time work for 20 hours a week for their entire duration of the study or 120 full or 240 half days per year Candidates should note that on completion of their study, they would be allowed an eighteen-month (18 months) post-study period to find employment in their field of study.
On getting employment within the said time frame they would be required to convert their post-study visa into a work visa and within two years of being on a work visa, they can apply for a permanent resident permit. In the unfortunate case that the candidate is unable to secure employment in the said 18 month period, which is highly unlikely, especially after pursuing such a finance course in Germany, he would be required to return to his home country.
Job Prospects for Masters in Finance in Germany
The study of Masters in Finance has grown to be a popular course for Indian students wanting to study in Germany and rightly so. In Germany, studying finances involves the right amount of learning along with numerous training sessions to bring the best talents forward. When coming to job aspects of pursuing a master in Finance in Germany, candidates who have successfully graduated can expect to earn anywhere between EUR 48,000 to EUR 66,000 (INR 44 L - 60 L) annually. And the salary would gradually increase as the candidate would gain more experience and skills in his field of study.
Popular job roles for Finance Graduates
| Accountant |
Actuary |
Chief Financial Officer (CFO) |
| Corporate Investment Banker |
Financial Advisor |
Financial Analyst |
| Financial Examiner |
Financial Manager |
Insurance Specialist |
| Investment Banker |
Stockbroker / Trader |
Securities, Commodities, and Financial Services Sales Agent |
Conversion Rate: 1 EUR = INR 91. 84
Also Read:
Q: Is Germany good for Master's in Finance?
Yes, Germany is one of the best international student destinations and offers world-class education for students around the globe. Some of the best reasons to study Master's in Finance are affordable education, low cost of living, top-notch education, post-study work permit, wide variety of scholarships, part-time job opportunities, and more. Also, there are a variety of Master's in Finance specializations for you to choose between. Some of them are: Corporate Finance, Financial Management, Management Accounting, International Finance, Financial Accounting and Analysis, and many more.
Q: Is GMAT required for Master's in Finance in Germany?
No, GMAT is not required for pursing Master's in Finance in Germany. If you are an international student who desires to pursue Finance in Germany, you will have to meet the eligibility criteria listed below:
Bachelor's degree from a recognised university/college (in relevant field);
GPA of 3.0 and above;
Work experience (if required);
Proof of English language proficiency;
Resume / CV;
Motivation letters;
Statement of Purpose (SOP);
Letter of Recommendation (LOR);
Admission Essays;
German language proficiency (if the course is taught partially/fully in the German language); and
Other university-specific requirements.
Q: What is the salary after Master's in Finance in Germany?
On a usual basis, the graduates of Master's in Finance Germany earn EUR 48,000 (INR 44 L) to EUR 66,000 (INR 60 L) per annum. Note that this salary is expected to grow every year, based on your skill set and performance. Some of the job roles that you can take up are Accountant, Chief Financial Officer (CFO), Financial Manager, Corporate Investment Banker, Insurance Specialist, and many more.
Q: How much fees for MSc Finance in Germany?
The cost of pursuing MS in Finance in Germany depends upon the type of university you are enrolled in. If you get admitted in a public university in Germany, you won't have to pay any tuition fee. However, at the start of every academic year, you will be required to pay a semester fee ranging between EUR 150 - EUR 300 (INR 13.7 K - 27.5 K).
If you secure an admission in a private university in Germany, you will have to pay the tuition fee ranging between EUR 11,000 - EUR 17,000 (INR 10 L - 15.5 L) for studying Germany MSc Finance.
Q: Which Finance course is best in Germany?
Pursuing MSc Finance in Germany opens the door to multiple opportunities for you and offers impressive ROI through placements in top global companies. There are multiple specializations to choose amidst, which may be confusing. For your benefit, we have narrowed down the list of the best Finance course in Germany, which will help you make an informed decision. They are as follows:
Asset Markets;
Behavioral Finance;
Financial Management;
Corporate Finance;
Financial Planning;
Financial Reporting;
Financial Accounting and Analysis;
Private Equity and Venture Capital;
Real Estate Finance;
Portfolio Management Methods; and many more.
Q: Is BSBI degree valid in Germany?
BSBI does not hold degree-awarding powers in Germany and its programmes are validated by private Italian distance learning institution UniNettuno International Telematic University. BSBI has also partnered with Concordia University Chicago to deliver programmes at its Berlin campus.
Q: Why study at IU International University of Applied Sciences Germany?
IU International University of Applied Sciences courses are state accredited and recognized internationally. The university is known as Germany’s largest private state-accredited university. Students can learn a mix of online self-study and classroom learning (2-3 days per week) alongside their peers. IU University Germany is the 1st German university to be a member of the Association of Indian Universities (AIU). Hence, it is one of the best study abroad universities for international students.
Q: How can I get admission to IU Berlin?
International students who wish to study at IU Berlin can apply for admission online through official wesbite. Students must follow the below points to apply easily for IU International University of Applied Sciences admissions:
- Visit the website and check the list of IU Germany courses
- Choose your programme
- Apply online using official website
- Submit your contract
- Start your studies
Raushan Kumar is a skilled writer and a Study Abroad Expert in the Editorial Team at Shiksha. He oversees various aspects of studying abroad, including educational opportunities, entrance exams, colleges, latest new... Read Full Bio
Sagar Sharma completed his Bachelor of Business Administration from Uttarakhand Technical University, Dehradun with first class in 2015. He has been employed in the education sector for the past five years. Having w... Read Full Bio
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Statement of Purpose
Letter of Recommendation
Student Visa Application
Admission Essay Writing
Student Curriculum Vitae