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

Doing a Master’s in Finance in Germany is a good idea if you want a job in finance. Germany has top universities at a low cost and a better career prospects. There are many students from other countries go to Germany to study.

Masters in Finance in Germany (MS in Finance) is a two-year postgraduate program for students who want to grow a career in finance and international business. Germany is one of the most popular countries in Europe for this degree. Banks, fund management, big companies, securities firms and financial consultancies always need finance experts. A graduate with MS in Finance in Germany is required in all these areas. Studying here helps students get ready for different jobs in the finance field.

For Indian students, the main requirement is a Bachelor’s degree from a recognized university. Most public universities in Germany do not charge tuition fees. But students must pay a semester fee which is between EUR 150 and EUR 300 (around INR 13.7K to 27.5K). In private universities in Germany, the cost is higher. 

Germany is already a top study abroad destination. Many international students choose Germany and it has become one of the best options for doing Masters in Finance abroad. In this article we will explain about the best German universities for Masters in Finance, specializations, course details, how to apply and more.

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:

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.

MSc Finance Germany: Eligibility

A GPA of 3.0 or higher is usually preferred. Some technical universities in Germany may also ask students to complete an internship as part of the eligibility, but this is not same for every university. It changes case by case.

Students should also remember that admission to finance courses in Germany is very competitive because the education quality is high. So, you must work on your academic profile and make it strong to get a chance at a top German university for MSc Finance.

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:

• IELTS
• TOEFL
• PTE

Cost of Studying Masters in Finance in Germany

The cost of studying Masters in Finance in Germany is not same for all universities. In public universities there is zero tuition fess. Candidates just need to pay semester fee is usually between EUR 150 to EUR 300 (around INR 13.7K – 27.5K) and has to be paid at the start of each semester.

If you go for private universities, then the MS in Finance in Germany fees are higher. The cost starts around EUR 11,000 (INR 10 L) and can reach up to EUR 17,000 (INR 15.5 L) per year.

Cost of Living in Germany: Students who plan to live in Germany must open a Blocked Account. This account is where you keep your living expenses as required by German government. From January 1, 2024, the fixed amount you need in the Blocked Account is EUR 11,208 (INR 10.2 L) for one 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

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