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Masters of Finance in Germany: Top Universities, Fees, Scholarships

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MOEC

14 January 2023

1132

Overview

Did you know that Indian students constitute 6.8% of the total student population in Germany? Germany is one of the top study-abroad destinations. Students from China, South Korea, India and Australia are among the top student groups in the country. Every year many international students from all over the world migrate to study in Germany.

Masters in finance in Germany is one of the most famous courses, with many universities offering it. It is a two-year-long postgraduate degree for students looking to build careers in the financial sector and international businesses. There is always a demand for master of science in finance graduates, be it in banking, fund management, multinational companies or financial consultancies.

Indian students wanting to pursue masters in finance in Germany must hold a Bachelor’s degree from a recognised university.

What is Masters of Finance?

The master of science in finance is a study of financial markets and finance. It encompasses research on investments, the market economy, and the business sector's financial architecture. Because of the corporation's financial foundation. All financial issues are studied, including fund management, banking activities, positive and negative growth rates, financial reforms, etc.

In particular, the master's degree in 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 enormous sums of money, particularly by governments or big businesses, is the focus of this course.

Why Study Masters of Finance in Germany?

The main reasons for choosing masters in finance in Germany for international students are mentioned below.

  • The demand for professionals in the financial sector is growing rapidly, leading to the sector's growth and, subsequently, study courses. The finance sector contributes the most to Germany’s economy at present.

  • The masters in finance in Germany for international students is a very popular program of study among international students. Though German universities offer courses at various study levels, finance-related programs attract the most international cohorts.

  • The masters in finance courses, along with all the other courses being affordable, is one of the many reasons international students choose to study in Germany.

  • The 18-month-stay-back period is also very beneficial to students to find work and stay in the country.

  • There are many merit-based scholarships available to international students making it easier to bear the expenses.

  • Students are allowed to work 120 full or 240 half days per year. This helps in managing day-to-day living expenses.

Top Universities to Study Masters of Finance in Germany

Germany is globally known for its affordable education system and being home to some of the top universities in the world. These universities provide courses in a wide area of study and are known for their unique research and practical-based curriculum.

Some of the top universities in Germany for masters in finance are mentioned below.

  • Technical University Munich

  • Free University of Berlin

  • Goethe University Frankfurts

  • The University of Kaiserslautern

  • The Johannes Gutenberg University of Mainz

  • Philipps University, Marburg

  • IU International University of Applied Sciences

  • CBS International Business School

  • Frankfurt School of Finance and Management

  • Barcelona - Munich Campus

  • Karlsruhe Institute of Technology (KIT)

  • The University of Cologne

  • Leipzig University

  • Berlin School of Economics and Law

  • Rhine-Waal University of Applied Sciences

  • Goethe University Frankfurt

  • Friedrich Schiller University Jena

  • Ludwig-Maximilians-University (LMU) Munich

  • New European College

  • The University of Bonn

  • Coburg University of Applied Sciences and Arts

  • Mannheim Business School

Top Masters in Finance Courses in Germany

Some of the top masters in finance courses in Germany with specialisation are mentioned below.

  • Finance and Accounting

  • Blockchain Management

  • Global Finance

  • Financial Management

  • Finance, Accounting and Taxation

  • Master of Leadership in Sustainable Finance

  • Finance

  • Management - Finance and Accounting

  • Corporate Financial Management

  • Financial Engineering

  • Business Administration - Finance

  • Management - Finance

  • International Finance

  • Economics and Finance

  • Quantitative Economics

  • International Finance and Economics

  • Finance and Information Management

  • Money and Finance

Eligibility to Study Master of Finance in Germany

If you’re planning to study in Germany and pursue a master of science in finance, you must have a recognised bachelor’s degree or an equivalent one from a recognised institute. The GPA requirement is preferably 3.0 or above.

Apart from this, there are English language proficiency requirements along with some standardised test exam scores. The requirements are listed below.

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

Additionally, some documents are required to be submitted. These requirements can be checked on the website of the course and university you’re applying to.

Cost of Studying Masters in Finance in Germany

The cost of studying in Germany is low due to the tuition fees being almost nil at public universities. However, private universities are expensive.

Although there is no tuition fee for public universities in Germany, applicants must pay a semester fee of between €150 and €300 at the beginning of each semester. The masters in finance cost at private universities in Germany ranges from €11,000 to €17,000 per year. Graduates of master's programmes in finance typically earn between €48,000 and €66,000 annually. As applicants gain expertise and experience in their line of employment, their pay rises.

The table below lists some of the best universities in Germany and their average annual fee.

Cost of Studying Masters in Finance in Germany for International Students 

University Name

Annual Fee

The University of Kaiserslautern

519

Free University of Berlin

625

Technical University Munich

350

Goethe University Frankfurts

750

Philipps University, Marburg

14,600

Johannes Gutenberg University of Mainz

652

Master of Finance Scholarships

All German universities value brilliance and reward it with merit-based scholarships, which are mentioned on each institution's official website.

Additionally, candidates should speak with admissions personnel to learn more about scholarships and how to apply. Candidates should be aware that it's crucial to submit applications to universities well ahead of deadlines to allow time for any particular requirements the institution may have as part of the scholarship application process.

Additionally, public and private institutions offer various study abroad scholarships to encourage students to pursue higher education abroad. Candidates can view our website's list of study abroad scholarships.

Moreover, students who wish to study in Germany in the upcoming intake may contact our expert counsellors at any branch of Meridean Overseas Education Consultants (MOEC). You can also take free online counselling through our website. Our expert counsellors will provide you with the best support and guidance you need for admission and visa. For more information or any queries, contact application02@meridean.org or 1800-1230-00011.

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