Updated on May, 23 2024 06:55 IST
MS in Global Accounting in Germany
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MS in Global Accounting in Germany is a highly respected degree with a wealth of opportunities available to graduates. Many of the world’s leading organizations are looking for professionals with this level of expertise, and many German universities have strong programs in Global Accounting. As the world transitions to an increasingly digital world, the ability to understand and track finances in multiple currencies is becoming increasingly important. Germany has some of the best accounting schools in the world, and graduates with a MS in Global Accounting will be well-equipped to take advantage of the opportunities available to them. There are numerous benefits to pursuing a MS in Global Accounting. For example one can build upon their previous accounting education with additional coursework and research. Becoming more qualified for a position in an accounting firm or government agency. Increase their opportunities for career growth, including the possibility of moving into roles such as management or consulting. If you are planning to get into a German university then you can study free in Germany for MS in global accounting. To find out more about studying in Germany keep on reading ahead!
| Program | MS in Global Accounting |
| Course duration | 2 years |
| Language of Instruction | English |
| Tuition Fees | Free |
| Living cost in Germany | 1000 EUR per month |
| Sessions | 2 - Summer and Winter |
Masters in Global Accounting is a postgraduate degree that prepares students for careers in accounting. There are many advantages to studying a MS in global accounting in Germany. Some of the major advantages are listed below:
Low Cost of Living: Germany has a low cost of living, one can easily manage with a daily expense of around 700 EUR to 1000 EUR.
Excellent Professional Development Opportunities: Germany offers excellent professional development opportunities for its accounting professionals, which makes it an ideal place to learn about global accounting and finance concepts.
Strong International Networks: Germany has strong international networks, which gives one the opportunity to gain experience working in internationally-integrated businesses and to develop contacts in the global accounting community.
Strong Research Programs: Germany has some of the best research programs in global accounting and finance, which provides you with access to cutting-edge knowledge and expertise
Excellent Education Standards: Germany's education standards are among the best in the world, which means that you will receive top-quality training in global accounting and finance.
High Employment Rates: Germany has high employment rates, which means that there is a strong demand for professional accountants and finance professionals.
You must finish several prerequisites to be admitted to a MS programme in global accounting. The following are the essential prerequisites:
Educational Background:
You should have graduated from high school with a concentration in business or mathematics.
You must therefore possess a bachelor's degree in a related field, which typically requires three to four years of college study.
Academic Performance:
Maintaining a solid academic record is essential, and institutions usually set a minimum grade point average (GPA) of 7 or 70%.
This GPA could be higher in selective universities, at around 8.5.
Language Proficiency: If the programme is offered in a language other than English, such as German, you may be required to demonstrate proficiency in that language, depending on the medium of instruction.
Standardised Testing: A minimum GRE score of 318 or above may be required for some universities.
Letters of Recommendation: Although not required, strong letters of recommendation from professors or employers can help your application.
Statement of Purpose: Writing a solid statement outlining your reasons for seeking this degree is crucial.
In many German universities, English is frequently the primary medium of instruction for MS programmes in global accounting. Even though English is the language of instruction most often, knowing German can be helpful in daily life and conversation.
Consider the distinctive characteristics of each season when choosing between winter and summer admissions for your MS in Global Accounting in Germany:
Winter Intake (October): Submit your application between July and August of the year prior.
Summer Intake (April): Enroll by January for the April summer intake.
You typically need the following materials to start the application process for a German MS degree in Global Accounting:
Copies of your diplomas from high school (10+2 Certificates)
Certified copies of your transcripts and college diploma
Letters of reference (LORs)
A complete curriculum vitae (CV)
A certificate of employment (if applicable)
A certificate of enrolment (if applicable).
A Statement of Purpose (SOP)
If necessary, proof of German proficiency
A filled-out application
A GRE score report, if necessary
A current passport
Financial records
A health clearance Certificate
An overview of MS in Global Accounting tuition costs at selected German universities is provided below:
| University | Fee for international students (per semester) |
|---|---|
| University of Applied Sciences Schmalkalden | 10,000 EUR |
| Leuphana University of Luneburg | 12,000 EUR |
| Hamburger Fern-Hochschule | 15,000 EUR |
| CBS International Business School | 20,000 EUR |
| Freiberg University of Mining and Technology | 25,000 EUR |
| Frankfurt University of Applied Sciences | 30,000 EUR |
| Technical University of Ingolstadt | 35,000 EUR |
There are a number of scholarships available for students studying for a Masters in Global Accounting in Germany. Check eligibility for MS in global accounting in Germany before applying for scholarships. Some of these scholarships are specific to certain universities, while others are open to any student.
Some of the most popular scholarships include:
Heinrich Boll Foundation Scholarships
Friedrich Ebert Stiftung Scholarships
DAAD Scholarship Germany
Erasmus Scholarship Programs in Germany
DeutschlandStipendium National Scholarship Programme
There are many prestigious universities that offer masters degree programs in global accounting. And public universities offer free study in Germany for MS in global accounting courses. Some of the best universities to pursue MS in global accounting in Germany are:
University of Applied Sciences Schmalkalden
Leuphana University of Luneburg
Hamburger Fern-Hochschule
CBS International Business School
Freiberg University of Mining and Technology
Frankfurt University of Applied Sciences
Technical University of Ingolstadt
To apply to a MS programme in Global Accounting in Germany, follow these steps:
Seek assistance from experts like Anigdha if you need it with any application issues.
Thoroughly investigate several programmes to choose ones that fit your interests.
Pay close attention to the institution's requirements, including GPA, English proficiency, GRE scores, and more.
Compile all necessary papers, including transcripts, degrees, a resume, and certificates.
If necessary, prepare for language proficiency tests to communicate effectively.
submit your application and all other supporting materials by the deadline.
Budget your money for education and living expenses while considering loan, grant, and scholarship options.
Submit your visa application with all necessary documentation, such as your passport, proof of health insurance, proof of financial aid, and information about your enrollment.
Sign up for lessons when you get to Germany and participate in orientation exercises to familiarise yourself with the school and its resources.
Throughout the application process, from programme selection to application support, remember that Anigdha is here to help.
What are the core subjects involved in MS in global accounting in Germany?
The core subjects that are typically included in a MS program in global accounting in Germany are financial accounting, managerial accounting, taxation, and business administration.
Why is managerial accounting important in masters in global accounting in Germany?
Managing a company’s finances and operations is an important task for any business, and a mastery of managerial accounting is essential for anyone who wants to be a successful business leader.
Is it easy to get admission for MS in global accounting in German universities?
Admission for MS in global accounting in Germany can vary depending on the university, but most programs generally require a minimum GPA of 5.0 and letters of recommendation.
What is the average salary you get after completing MS in global accounting in Germany?
The average salary for someone who has completed a MS in global accounting program in Germany is typically around 50,000 EUR per year.
What skills are required to pursue MS in global accounting in Germany?
In order to pursue a MS in global accounting program in Germany, you will need to have excellent math skills and a strong understanding of financial accounting and reporting.
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