Masters in Finance in Germany: Top Universities, Eligibility, Fees, Scholarships, Jobs

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 €150 - €300, which has to be paid at the start of each semester, the cost of studying finance courses in Germany across private universities start at €11,000 and can go up to €17,000 for a year. The average salary for Masters in Finance graduates range from €48,000 to €66,000 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.

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

University	Popular Masters in Finance specialization	Course Duration
Technical University of Munich Courses & Fees Admission FAQs Ranking	Master of Science (M.Sc.) in Finance and Information Management (FIM)	2 years (Full Time)
Free University of Berlin Courses & Fees Admission FAQs Ranking	M.Sc. in Finance, Accounting and Taxation (in English & German)	2 years (Full Time)
Philipps University of Marburg Courses & Fees Ranking	M.Sc in Quantitative Accounting and Finance (In German)	2 years (Full Time)
University of Kiel Courses & Fees Admission FAQs Ranking	Master's in Quantitative Finance	2 years (Full Time)
Johannes Gutenberg University Courses & Fees Ranking	M.Sc in Accounting and Finance (In German)	2 years (Full Time)
Kaiserslautern University of Applied Sciences Courses & Fees	Master of Arts in Financial Services Management	18 months (Full Time)
Goethe University Frankfurt Courses & Fees Admission FAQs Ranking	MS in Quantitative (Accounting/ Economics/ Finance/ Marketing)	2 years (Full Time)

 Source: https://studyabroad.shiksha.com/ 

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. Read: Admission Deadlines for German Universities

Documents Required

• 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)

• IELTS
• TOEFL
• PTE

Cost of Studying Masters in Finance in Germany?

Cost of studying MS in Finance Germany: As informed earlier, public universities in Germany do not require students to pay tuition fees, however, they are required to pay a semester fee, ranging from €150 - €300 at the start of every year. However, the cost of studying MS in Finance in Germany across private universities start at €11,000 and can go up to €17,000 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, 2021, keeping the rate of inflation in mind, the mandatory amount required in the Block Account for studying in Germany is €10,332 for an entire year or €861 for a month.

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

Study in Germany: Timeline for university intake	Studying in Germany: All you need to know
SOP for Germany	Student Guide to Germany

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 €48,000 to €66,000 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

Also, Read

• Difference between FH and TU Germany