Updated on May, 23 2024 06:55 IST
MS in Finance in Germany
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MS in Finance in Germany provides students with the skills and knowledge necessary to pursue successful careers in the banking, insurance, and investment industries. Studying in Germany can be an excellent choice for students looking for high-quality education and a wide range of career opportunities. First and foremost, finance courses provide students with a strong foundation in financial analysis and practical decision-making. In addition, many German universities offer excellent career counseling and support services to their MS in finance graduates, ensuring that one has all the resources needed to make a successful career in finance. Finally, studying MS in finance at a German university will give you access to some of the world’s best teaching and research facilities. These resources and facilities during your MS in finance will give you more exposure and allow you to explore. Moreover, you can gain real experience with internships and research studies. So, let's find out more details on MS in finance in Germany.
| Program | MS in Finance |
| Course duration | 2 years |
| Language of Instruction | English |
| Tuition Fees | Free |
| Living cost in Germany | 1000 EUR per month |
| Sessions | 2 - Summer and Winter |
If you are looking for a top-level finance program with excellent teaching and research facilities, Germany is an excellent place to study masters in finance. The benefits of studying MS in finance in Germany include:
Excellent teaching and research facilities: The German university system is among the best in the world, and the faculties of finance at German universities have been ranked as some of the best in the field. You will benefit from access to world-class resources and talented faculty members.
Strong network of peers: Top finance professionals in the world have studied at German universities, so you can be sure to meet plenty of like-minded individuals while studying here. These networks can be invaluable when seeking career advice
High level of employability: MS degree holders are highly sought after by employers. This makes Germany a great place to continue your education if you are already working in finance or planning on doing so soon.
Excellent living conditions: Germany is a highly livable country with a stable economy. This makes it an ideal place to raise a family and pursue a career in finance.
Low tuition fee: Compared to other leading finance programs in the world, German tuition fees are relatively low. This makes Germany a great option for students who are on a tight budget. You can study free in Germany for masters in finance courses.
Low cost of living: Living costs in Germany are lower than in many other European countries. One can live comfortably with a monthly expenditure of around 700 EUR - 1000 EUR.
Considering a MS in Finance in Germany? Here’s a list of criteria that you need to fulfill in order to be eligible -
Students need to give proof of their schooling by providing mark sheets wherever applicable.
Students from any stream in 10+2 are eligible to apply for MS in Finance.
Students should have a 3-4 year bachelors degree and the appropriate mark sheets to show for it.
In order to prove your proficiency in English, you need to appear for TOEFL or IELTS. The qualifying score for TOEFL is 90-100 and for IELTS it is 6.5-7 bands.
A C1 level certificate for German proficiency might be required.
Some universities might ask for a minimum GRE score of 318.
Good SOPs and LORs will help make your application look better and make them stand out.
The language of instruction is English in most German universities. In order to prove your proficiency, you need to have the following score in an English proficiency exam -
TOEFL - For the TOEFL exam, you need to have 90-100.
IELTS - For IELTS exam, you need to have a band score of 6.5-7.
There are two main study sessions in Germany, and they are known as intakes.
Winter intake - Winter intake is the more popular choice among students. The deadline for the applications closes in July-August.
Summer intake - The summer intake has a deadline for applications in January.
Although dates for deadlines rarely change, we still recommend that students keep checking the websites of universities for any new notifications and updates.
In order to apply for Masters in Finance, you need to have the following documents with you -
Certified copies of 10+2 schooling
Marksheet of bachelors degree
Transcript of bachelors degree
Enrollment certificate
Complete CV
Experience Certificate, if required
Letter of Recommendation(LOR), if needed
Statement of Purpose
IELTS or TOEFL score
C1 level certificate of proficiency in German (Optional)
Application Copy is required at the time of admission
Receipt of fee payment is required for private universities
GRE Score Certificate, if required
Passport
Financial Records statement
Medical Certificate
Here is a list of top universities in Germany for MS in Finance along with their fee structure-
| University | Fee |
|---|---|
| Technical University of Munich | 72-102 EUR per semester |
| Free University of Berlin | Around 243 EUR per semester |
| Goethe University, Frankfurt | 394 EUR per semester |
| University of Kaiserslautern | 275 EUR per semester |
| Johannes Gutenberg University of Mainz | 350 EUR per semester |
| Philipps University, Marburg | 1500 EUR per semester |
There are a number of reasons to study MS in finance in Germany, which include the country's reputation for excellence in the field and its generous scholarships. Check your eligibility for MS in finance in Germany before applying for scholarships. Some of the most popular scholarships are:
DAAD Scholarship Germany
Erasmus Scholarship Programs in Germany
Heinrich Boll Scholarships for International Students
Bayer Foundations
Konrad-Adenauer-Stiftung (KAS) Scholarships
The Friedrich Ebert Stiftung
Mawista Scholarship.
Universities in Germany provide excellent facilities for research and studies. Public universities offer free study in Germany for masters in finance courses. There are many schools offering MS in finance programs in Germany, but the following universities are considered to be some of the most popular:
Technical University of Munich
Free University of Berlin
Goethe University, Frankfurt
University of Kaiserslautern
Johannes Gutenberg University of Mainz
Philipps University, Marburg
The admission procedure might look hectic when you start it, but with the right kind of guidance you will be able to ace the process and the selection as well.
Consult our team of experts at Anigdha. We will provide you with full guidance about what universities should be your top priority and whether you should apply for a scholarship or a student loan.
Once you are done with the shortlisting process, you need to get started on your SOPs and LORs. We will ensure that they are in an excellent state.
Once you have collected all the required documents, we will proofread your application before you can submit it and pay the application fee.
When your application gets accepted, you will receive an invitation letter.
Upon receiving the invitation email, you can start figuring out your Visa, flight tickets and accommodation.
Even when you are settled in the university, our team will still be there for you, guiding you through any issue you face.
How can I get admission to MS in finance in Germany?
Admission to masters in finance courses requires completing an undergraduate degree in a relevant field, having excellent academic records, and possessing strong analytical and writing skills.
How much CGPA is required to pursue a MS in finance in Germany?
The average CGPA required to study MS in finance in Germany is 5.5. Some universities' criteria may differ depending upon their terms and conditions.
How much salary can one get after completing MS in finance in Germany?
The average salary for someone with a MS in finance from a German university is 70,000 EUR per year.
What are all core subjects involved in MS in finance in Germany?
The core subjects involved in MS in finance include mathematics, accounting, financial analysis, and economics.
What skills are required to pursue MS in finance in Germany?
The skills necessary to study MS in finance in Germany include strong analytical and writing skills.
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