Masters of Finance in Germany is available in several public and private universities. It is a 2-years postgraduate degree program. The admission process occurs twice a year i.e. winter and summer semesters in July and October respectively. Students are required to have a bachelor's degree in finance or relevant subjects to be eligible for admission in Masters of Finance in Germany universities. 

The course fee for the Masters of Finance in Germany ranges from 609 to 29,200 EUR (53,658 - 25.72 lakhs INR) for the total program. Also, the cost of living in Germany is relatively lower than in other European countries. The average salary after completing a Masters in Finance in Germany is 61,800 EUR (50.7 lakhs INR) per annum.
Explore: Top Finance Universities/Colleges in Germany

Highlights

Top Universities for Master of Finance in Germany

Some of the best universities in Germany for Masters in Finance with programs and their application deadlines are listed below:

What is Masters of Finance?

Master of Finance is basically the study of finance and financial markets. It includes the study of the market economy, investments, and the financial structure of the corporate sector. As finance is considered the backbone of the corporation. It deals with the study of all financial aspects e.g. fund management, banking operations, positive and negative growth rate, financial reforms, etc. Specifically, Master of Finance deals with the questions of how an individual, company or government acquires the money needed (capital) in the company context and how they then spend or invest that money. This course is all about the management of large amounts of money, especially by governments or large companies.

Why Study Masters of Finance in Germany? 

Three of the major reasons for choosing Germany to pursue Master of Finance: 

• Higher For Finance professionals: Germany is witnessing immense growth in the finance sector which directly increased the demand for finance professionals in top companies. At present, the finance sector contributes the most to Germany's economy. 
• Popularity among International students: Though there are a range of courses available in Germany, what attracts international students the most is finance. Majority of the international students including Indian students seek to pursue a Master's in finance in Germany. More than 50% out of 40,000 Indian students are studying finance-related courses. 
• Affordability: This is one of the major reasons why international students prefer Germany as a study abroad destinations for a Master's degree. Majority of public universities in Germany either have low tuition fees while others have zero tuition fees for Master's degree courses. 

Masters of Finance in Germany: Admission Requirements

The universities in Germany come in the top 100 universities in the world and so the eligibility criteria are high. Admissions for Master of Finance courses in Germany are conducted in two rounds generally. Academic sessions start either in Winter or in Summer (or in both). The details of admission at each German university are discussed below: General Admission Requirements: 

• A bachelor's degree in finance or equivalent with a minimum GPA of 3.0 83-86% or above 
• Language Proficiency Requirements
  • IELTS for English: 6.5
  • TOEFL-IBT for English: 80
  • CERL for German: B2 level 
• Standardised tests
  • GMAT: 600 or above
  • GRE: 315
  • GATE: 90th percentile 

Masters of Finance in Germany: Eligibility Requirements

Masters in Finance in Germany university specific requirements including degree, and test scores:

Documents Required:

• All previous transcripts 
• Language Proficiency test scores (for example, IELTS or TOEFL for English; DSH for German)
• Updated Resume
• Letters of Recommendation
• Letter of Motivation or Statement of Purpose
• Current Photos and Copy of Passport
• Bachelor's transcripts from no-EU countries must be evaluated by uni-assist 

Also Check: Letter of Motivation (LOM) vs Statement of Purpose (SOP) 

Masters of Finance in Germany: Cost of Studying 

German universities are known for their no-tuition fees system, especially for masters programs. In public universities, international students have to just incur semester and/or student fees which add up to 800 EUR (64,520 INR) per year. In the limited private German universities, the estimated annual tuition fee for a Master’s in Finance is 22,000 EUR (17.93 Lakhs INR).

Tuition Fees

With the tuition fees being almost nil, the overall cost of studying Masters in Finance from Germany comes to be low and affordable for Indian students. However, universities may charge semester fees that ranges from 152 to 7,300 EUR (13,292 to 6.43 lakhs INR).  The below table shows annual fees for Master in Finance in Germany including fees for 2 semesters:

Pre-arrival Cost

Pre-arrival cost is tabulated below:

Cost of Living in Germany

The average cost of living for international students in Germany is around 15,000 EUR (12 lakhs INR) per year. Public transport is the best suitable option in Germany for students. Most international students opt for student residence as it is the cheapest option. Alternatively, there is a system of interim renting i.e. the students who temporarily move to another place generally rent the place for the period they are out for. The table below shows an average expenditure on food and housing accommodation:

Masters of Finance in Germany: Scholarships 

There are a number of grants and scholarships available for international students in Germany. Usually, the scholarship is given to the students as a monthly stipend and the amount of the stipend ranges between 850 - 1200 EUR (69,742 - 98,459 INR) a month. Some of the scholarships are provided below:

The international students are also allowed to work during the vacations for 90 full days or 180 half days in a year so that they can support themselves financially. The income from this work ranges between 60,000-70,000 per month.

Masters of Finance in Germany: Job Opportunities

Masters in Finance in Germany is a course of great importance. After completing the MS in Finance in Germany, the average salary goes up to 61,800 Euros (50.7 lakhs INR)) per year. This is almost 5 times more than the salary provided in India for the same work. As Germany is the 4th largest economy in the world, the market in Germany has a lot of opportunities to work and earn handsome money.

• Recruiters for MSc Finance Graduates in Germany: There are a lot of companies that visit the college and offer a job from the college campus only. For example, Audi, BMW, Allianz Worldwide. Deutsche Bank Group, Munich Re, Ascribe, Commerzbank, etc.

Job Roles for Masters in Finance in Germany Graduates with average salary:

Also check: Jobs in Germany for International Students

Masters of Finance in Germany: ROI

Return on Investment of top universities in Germany for Masters in Finance against annual fees:

Masters of Finance in Germany: Comparison By College

Comparison of top universities in Germany on the basis of basic admission requirements, application fee and program duration:

Masters of Finance in Germany is a premium course for students who seek fast career growth in the financial sector. It is a sector that is needed for all kinds of corporate as well as non-corporate fields. There are as many as 20,000 Indian students studying in Germany out of which about 30% are studying finance.

FAQS

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