Master of Finance in Germany: Top Colleges, Eligibility, Cost

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Numerous public and private institutions in Germany offer Master's degrees in Finance. The postgraduate degree programme lasts two years. The application procedure takes place twice a year, in July and October, for the winter and summer semesters, respectively. Students must hold a bachelor's degree in Finance or a related field.

In Germany, the cost of a semester's worth of coursework for a Master of Finance varies from 129 EUR to 5,000 EUR. Additionally, Germany has a significantly lower cost of living than other areas of the European Union. Students who use school loans benefit from a flexible payback schedule. After earning the degree, the German government gives you five years to pay back the debt.

Top German Universities for Master's in Finance

Below is a list of some of the best universities in Germany for master's degrees in Finance:

   QS Rankings 2022University   Courses offered
50Technical University Munich, MunichMaster in Finance and Information Management
   127-130Free University of Berlin, BerlinM.Sc in Finance, Accounting and Taxation



Goethe University Frankfurts

M.Sc in Money & Finance

M.A in Finance

   351-400University of Kaiserslautern, Rhineland, PalatinateM.Sc in Actuarial and Financial Mathematics
427Johannes Gutenberg University of MainzM.Sc in Accounting & Finance
494University in KielM.Sc in Quantitative Finance
701-750Philipps University, MarburgM.Sc in Quantitative Accounting & Finance

   Academic Overview for the Master of Finance in Germany

The primary focus of a Master of Finance is the study of finance and financial markets. It encompasses research on investments, the market economy, and the business sector's financial architecture. The analysis of all financial elements, such as fund management, banking operations, positive and negative growth rate, economic reforms, etc., falls within the purview of Finance, which is regarded as the foundation of the corporate world.

In particular, Master of Finance addresses the issues of how a person, business, or government obtains the money required (capital) in the setting of a firm and how they subsequently spend or invest that money. The handling of huge sums of money, particularly by governments or big businesses, is the focus of this course.

ProgramMasters In Finance In Germany
Course Details
  • M.Sc in Finance and Information Management 
  • M.Sc in Quantitative Accounting and Finance
  • M.Sc. in Finance, Accounting and Taxation 
  • Master's in Quantitative Finance
  • M.Sc in Accounting and Finance 
  • MS in Quantitative 
  • Master of Arts in Financial Services Management
Course Duration24 or 36 months
EligibilityA student shall complete a Bachelor's degree from an accredited institution with a 3.0 GPA or higher.
Entrance ExamsTOEFL, IELTS, TestDaF, GMAT, DSH, GRE
JobsFinancial Manager, Accountant, Finance Analyst, Stockbroker or Trader, Financial Examiner,  Actuary, Insurance Specialist Investment Manager
Average Salary€48,000 to €66,000

 Why Pursue MS in Finance in Germany?

Germany's universities have established themselves as some of the industry's leading innovators.

The following are the two benefits of earning a Master of Finance in Germany:

  • Low cost of living and no tuition
  • Cheap length, ranging from 18 to 24 months
  • Some scholarships are merit-based.
  • Candidates may work 120 full days or 240 partial days.
  • Primarily concentrates on financial planning and risk management.

Master of Finance Eligibility in Germany

Before enrolling in a Master's in Finance programme in Germany, candidates must meet a few requirements for eligibility. As follows:

  • Be Fluent in the Language: If you're thinking of enrolling in a German university in 2022, fluency in the language is the most crucial need. In addition, English proficiency is a necessity for living in Germany. Therefore, you must, without fail, get English training if not in Germany.
  • Send In The Application Timely: Candidates who want to study in Germany must fill out the application as soon as possible. Students must wait another year for this opportunity if they miss the deadline.
  • Have Health Insurance: Applicants need health insurance to study in Germany. They will undoubtedly benefit from it while they are visiting. 

How can I apply for a German master's degree in Finance?

There are two types of admissions deadlines in Germany: Rolling and Fixed. Candidates must fulfil the eligibility requirements listed on the website to pursue an M.S. in Finance in Germany. It is encouraged that those interested in these courses register as soon as possible because there are several factors to consider. Getting the academic profile in order and supplying information on English proficiency exams, funds, scholarships, etc., are the first steps in the process. These are the documents that applicants must present to be considered for this course in Germany.

  • German language proficiency proof
  • CV
  • Admission Essays
  • Motivational letters, including Letters of Recommendation and Statements of Purpose
  • Copies of all lectures' grades and certificates
  • Language Exam in English
    • PTE
    • TOEFL
    • IELTS

The Cost of an M.S. in Finance Degree in Germany

German colleges and universities are renowned for having free tuition costs, particularly for master's programmes. However, international students must pay semester and student fees at public universities, which total 800 EUR per year. The anticipated yearly tuition for a master's degree in Finance at a few private German institutions is 22,000 EUR (17.93 Lakhs INR).

Due to the low tuition prices, studying for a master's degree in Finance in Germany is a low-cost option for students from India. The following list breaks out the program's tuition costs:

Cost before arrival

The following is a list of pre-arrival expenses:

Type of ExpenseApproximate Cost (in EUR)
German Student Visa75-85
IELTS Fee160
TOEFL Fee166
Airfare250 -600

Germany's Living Expenses

Germany's average monthly cost of living for international students is nearly 867 Euros and the annual cost of living could be around 10,332 euros per year. Therefore, the essential choice for students in Germany is public transportation. The majority of international students select student housing since it is the least priced option. There is also a system of interim renting, whereby students who temporarily move to another place rent the space while they are gone.

The cost of expenses varies from the region you choose to live in. The average cost of housing and food is shown in the table below:

Type of ExpenseMonthly Cost (in EUR)
Student residence250-300
House Rent300-500

Career after MS in Finance

Candidates with a Master of Finance degree can get employment in reputable German-based businesses. A job seeker's annual income might go up to EUR 49,000 on average. In comparison to what candidates receive in India, it is five times higher. In terms of the world's greatest economies, Germany comes in at number four. There are a tonne of prospects for advancement here, which will enable pupils to increase their income. Audi, Allianz Worldwide, BMW, Munich Re, Deutsche Bank Group, Commerzbank, Ascribe, and other organisations are places where seekers can get employment.

Job RolesJob DescriptionAverage Annual Salary (In EUR)
Financial AnalystThey collect and analyze financial data, studying market trends.48,000
Investment ManagerThey assist clients with mergers and acquisitions, helping them to raise capital67,000
Financial ExaminerThey ensure the working of financial institutions concerning laws and regulations60,000
Financial AdvisorThey advise clients on issues of investments, taxes, insurance, etc.41,000
Finance ManageThey monitor accounts and review the financial reports63,000
ActuaryThey assess the probability of financial issues and repercussions67,000
AccountantThey compile and analysis of accounts for information that is required to prepare various reports39,000
TraderThey execute trades in stocks, debentures, or commodity56,000
Insurance SpecialistThey decode the complex insurance laws and policies, advising clients on issues about insurance28,000

For students who want to advance quickly in their financial careers, Germany offers a top-tier Master in Finance programme. For both corporate and non-corporate areas, it is a sector that is necessary. Up to 20,000 Indian students are enrolled in academic programmes in Germany, and roughly 30% of them are studying Finance.

After earning the degree, finding employment and making a good living should be relatively straightforward. According to German chancellor Angela Merkel, up to 20,000 Indian students are now enrolled there, and more are welcome. Additionally, the governments of both nations are attempting to align Indian and German institutions' degrees.

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