Updated on May, 23 2024 06:55 IST
MS in Corporate Financial Management in Germany
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MS in Corporate Financial Management in Germany is one of the most popular courses because of its job placement records. There is a high demand for professionals who can understand and manage financial products, and many German companies are leaders in their respective industries. Additionally, the tuition and living costs at German universities are some of the lowest in Europe. This makes pursuing a MS degree an affordable option. You can also study free in Germany for MS in corporate financial management courses. Students have to learn about the fundamentals of finance and accounting in order to manage a company effectively. In addition, German companies are typically required by law to have a financial manager on their boards of directors. This makes Germany an ideal place to study corporate finance because the country has a strong tradition of compliance with regulations. If you want to know more about getting admission in MS in corporate financial management in Germany, then keep on reading ahead!
| Program | MS in Corporate Financial Management |
| Course duration | 2 years |
| Language of Instruction | English |
| Tuition Fees | Free |
| Living cost in Germany | 1000 EUR per month |
| Sessions | 2 - Summer and Winter |
Germany has a long history of financial management expertise, which puts it in a strong position to provide top-level training in Corporate Financial Management. Students can gain valuable theoretical and practical skills in this field. Some of the major advantages of studying Corporate Financial Management in Germany are:
Long tradition of excellence: Germany has a long history of excellence in financial management, which has contributed to the development of a strong infrastructure for Corporate Financial Management training.
Wealth of experience: Germany has a strong financial services market, with a wealth of experience in both public and private sector organizations. This provides students with ample opportunities to gain practical experience in Corporate Financial Management.
Robust infrastructure: Germany’s robust infrastructure provides students with the resources they need to access top-level training in Corporate Financial Management. The country has a well-developed system of universities and colleges.
Low cost of living: Germany’s low cost of living makes it an attractive destination for students who want to study Corporate Financial Management. The country has a number of universities and colleges that offer quality training in Corporate Financial Management, without the high cost of tuition.
Excellent career prospects: Germany’s excellent career prospects make it an attractive destination for students who want to study Corporate Financial Management. The country has a well-developed system of vocational training and apprenticeship.
Zero tolerance for fraud: Germany has a strong policy against fraud, which gives students confidence that they will be able to work in a safe and secure environment.
The criteria for admission to the Masters program for corporate financial management in Germany are as follows -
Proof of your schooling.
10+2 students from any stream can apply.
A 3 years bachelors degree is a minimum, but 3-4 bachelor's degree holders are eligible.
A CGPA over 7 or 70% in your total mark sheet is required to be eligible. With a CGPA of over 8.5 students can expect to get into top universities.
Students need to prove their English proficiency. This can be done by producing a scorecard with 90-100 on the TOEFL test, or if appearing for IELTS, the cut-off is a 6.5-7 band score.
A C1 Level certificate in the German language might be required in some universities. Research the places you aim to apply to.
A GRE might be required. 318 is the minimum cut-off.
LORs and SOPs are required, and they should be in excellent condition. The key point to remember when it comes to SOPs is that you should write in a way that the university is able to understand your academic abilities and experiences, and what are you aiming to do with the MS degree.
The language of instruction is usually English. This is the reason why you need to prove your proficiency.
TOEFL - The minimum score is 90, and the range is 90-100.
For IELTS, you need a score of 6.5-7 bands.
In case a German proficiency certificate is needed, it should be a C1 Level.
The admission sessions are seasonal, and there are two intakes. They are as follows -
The winter session is preferred by most applicants. The deadline is from July to August.
Summer intake has a deadline in January.
In order to remain updated about the deadline dates and any changes in the intake details, we advise that you keep checking the university websites.
The documents you require for the application process might be lengthy, but most of them are quick access to you. Make sure you read the list properly and compile everything in one place.
10+2 and bachelors marks sheets along with the valid transcript.
A certificate of enrollment to check your admission’s validity.
A complete Curriculum Vitae (CV) will make your application look promising.
SOPs and LORs should be up to date.
An experience certificate will do well with your CV and SOPs.
IELTS or TOEFL scorecards with the mentioned marks.
C1 Level certificate for German proficiency, in case it is mentioned.
A copy of your application at the time of admission.
A receipt of the fee you paid in case you are applying to a private university.
A GRE score certificate, if asked for.
Passport
A record of your health certificate is up to date.
A financial statement of your records.
The fee structure for top universities for Masters in Corporate Financial Management is as follows -
| University | Fee |
|---|---|
| Technical University of Munich | EUR 72-102 per semester |
| University of Tübingen | EUR 1500 per semester |
| Freie Universität Berlin | No tuition fee |
| Philipps-University Marburg | EUR 1500 per semester |
| University of Kiel | EUR 277 per semester |
| Technical University of Kaiserslautern | EUR 250 per semester |
| University of Konstanz | EUR 1679 per semester |
| WHU - Otto Beisheim School of Management | EUR 3000 per semester |
German institutions offer numerous scholarships and financial aid to students. Check your eligibility for MS in corporate financial management in Germany before applying for scholarships. Some of the most popular scholarships are:
The DAAD Scholarships
The Deutschlandstipendium
The Friedrich Ebert Stiftung
Heinrich Böll Foundation
Konrad-Adenauer-Stiftung (KAS) Scholarships
Bayer Foundations
German universities have a strong reputation for their programs in corporate finance and accounting, making them ideal choices for students seeking a top-notch education in this field. Public universities offer free study in Germany for MS in corporate financial management courses.
Some of the most well-known German universities that offer corporate financial management programs include:
Technical University of Munich
University of Tübingen
Freie Universität Berlin
Philipps-University Marburg
University of Kiel
Technical University of Kaiserslautern
WHU - Otto Beisheim School of Management
University of Konstanz
Admission procedures can be quite taxing but with the right kind of guidance, you can make it appear seamless.
Consult our experts at Anigdha who will have a discussion with you and help you shortlist the right universities.
Once you have shortlisted the universities, you can get started on compiling your documents, including SOPs and LORs.
When you are done with your application, Anigdha’s panel of experts and proofreaders will go through it and ensure there are no errors. Once your application is approved, you can pay the fee and submit the application.
Once your application is accepted, you will get an invitation letter from the university.
You can now start on your Visa, flight tickets, and accommodation details. Anigdha will be there with you at each step with the required guidance.
Anigdha will help you regarding financial aid, scholarships, flight tickets, foreign exchange needs, conveyance to and from the airport, etc.
What skills do I require to study masters in corporate financial management?
A good understanding of accounting, finance, economics, and business principles is essential to a successful MS in Corporate Financial Management. Moreover, the candidates need to have strong analytical skills and the ability to think critically.
What are all the core subjects involved in MS in corporate financial management in Germany?
MS in Corporate Financial Management typically require taking courses in accounting, finance, economics, and business principles.
Are international taxation and legal subjects included in MS in corporate financial management courses?
Most MS programs in corporate financial management in Germany include a course on international taxation and legal issues.
Is MS in corporate financial management in demand in Germany?
Due to the increasing importance of financial management skills in today's business world there is a high demand for MS in corporate financial management in Germany.
What is the average salary one can get after completing MS in corporate financial management?
The average salary for someone with a MS in corporate financial management is 60,000 EUR per annum. The salary package varies according to different companies.
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