Hey, I want to study in Germany with full scholarship [ stream: Finance] .What are the criteria to get scholarship?

Question

Mohit C · Accepted Answer

Everyone thinks Germany means free education ,  but full scholarships for Finance aren&rsquo;t automatic, especially for living costs.
&bull; DAAD is the biggest name. Check programs like &ldquo;Development-Related Postgraduate Courses&rdquo; (EPOS) ,  finance applicants need 2+ years&rsquo; work experience for that. &bull; Without work ex, look into universities like TU Munich, Frankfurt School, or HHL Leipzig. Some offer full or 50&ndash;80% merit scholarships. &bull; A strong SOP tailored to the scholarship, not just the program, matters more than most think. &bull; If applying through uni-assist, some schools automatically consider you for tuition waivers based on grades ,  but make sure your application is complete and early. &bull; Showing financial need + high GPA + solid academic references increases chances for living cost grants like Deutschlandstipendium (&euro;300/month).
Also, applying for multiple smaller scholarships (even &euro;500&ndash;&euro;1000) can help cover housing or travel ,  don&rsquo;t rely on one big source alone.

Faisal Mohdd · Answer

The thing with scholarships is that there are no 100% scholarships or any such thing that exists. However, there are scholarships that can cover up to 60 to 70% of your tuition fees. The rest of the expenses can be easily dealt with with the help of part-time jobs. If you want to pursue higher education in Germany for free, you can apply to public universities. If you have any further questions, ask me.

B.K Sharma · Answer

To study Finance in Germany on a full scholarship, most students aim for DAAD-funded programs or tuition-free public universities with additional living cost grants.
The key criteria usually include a strong academic record (at least 75% or 7.5+/10 CGPA), relevant coursework in finance or economics, and solid motivation. For DAAD scholarships like EPOS or STIBET, you'll need a convincing Statement of Purpose, academic references, and sometimes proof of social commitment or leadership roles.
Some universities like Mannheim, Frankfurt School of Finance, and ESMT Berlin offer their own merit-based scholarships. At ESMT, for example, scoring above 650 on the GMAT increases your chances for higher tuition waivers.
Language isn&rsquo;t always a barrier , many finance programs are in English. But having basic German (A1 or A2) can be an extra point in your favor for scholarships that look at cultural adaptability.