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 2022 | University | Courses offered |
50 | Technical University Munich, Munich | Master in Finance and Information Management |
127-130 | Free University of Berlin, Berlin | M.Sc in Finance, Accounting and Taxation |
301-340
| Goethe University Frankfurts | M.Sc in Money & Finance M.A in Finance |
351-400 | University of Kaiserslautern, Rhineland, Palatinate | M.Sc in Actuarial and Financial Mathematics |
427 | Johannes Gutenberg University of Mainz | M.Sc in Accounting & Finance |
494 | University in Kiel | M.Sc in Quantitative Finance |
701-750 | Philipps University, Marburg | M.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.
Program | Masters In Finance In Germany |
Course Details |
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Course Duration | 24 or 36 months |
Eligibility | A student shall complete a Bachelor's degree from an accredited institution with a 3.0 GPA or higher. |
Entrance Exams | TOEFL, IELTS, TestDaF, GMAT, DSH, GRE |
Jobs | Financial 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 Expense | Approximate Cost (in EUR) |
German Student Visa | 75-85 |
IELTS Fee | 160 |
TOEFL Fee | 166 |
Airfare | 250 -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 Expense | Monthly Cost (in EUR) |
Student residence | 250-300 |
House Rent | 300-500 |
Food | 500-600 |
Traveling | 300-350 |
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 Roles | Job Description | Average Annual Salary (In EUR) |
Financial Analyst | They collect and analyze financial data, studying market trends. | 48,000 |
Investment Manager | They assist clients with mergers and acquisitions, helping them to raise capital | 67,000 |
Financial Examiner | They ensure the working of financial institutions concerning laws and regulations | 60,000 |
Financial Advisor | They advise clients on issues of investments, taxes, insurance, etc. | 41,000 |
Finance Manage | They monitor accounts and review the financial reports | 63,000 |
Actuary | They assess the probability of financial issues and repercussions | 67,000 |
Accountant | They compile and analysis of accounts for information that is required to prepare various reports | 39,000 |
Trader | They execute trades in stocks, debentures, or commodity | 56,000 |
Insurance Specialist | They decode the complex insurance laws and policies, advising clients on issues about insurance | 28,000 |
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.