Updated on May, 23 2024 06:55 IST
Study Finance in Germany
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Finance in Germany is a 3-year program offered at German universities. The Bachelors in Finance program is all about learning how to manage and grow money. You'll learn about investing, saving, budgeting, and how businesses make money decisions. You'll also learn about different types of financial institutions, such as banks and insurance companies, and how they help people and businesses with their finances. By the end of the program, you'll have a solid understanding of how to make smart financial decisions for yourself and others. Some of the specific topics you'll study include economics, accounting, statistics, and financial markets. You'll also learn about different financial products, such as stocks and bonds, and how to analyze financial data to make informed decisions. In this article, we will discuss the advantages of getting admission to bachelors in Finance in Germany.
| Program | Study Finance in Germany |
| Course Duration | 3 to 5 years |
| Language of Instruction | Primarily German for Bachelors, rarely English (for private institutions) |
| Tuition Fees | Free in Public Universities |
| Living Cost in Germany | 700-1000 EUR per month |
| Other Fees | Around 50,000 EUR per annum |
| Sessions | Summer and Winter |
Germany is a top destination for higher education, offering a vibrant culture and world-class universities. One popular field of study is finance, and there are several reasons why you should consider studying it in Germany. Here are six of them:
World-class education: Germany is known for having some of the best universities in the world. Studying finance in Germany gives you access to top-notch education and resources.
Hands-on experience: Many universities in Germany offer internships and practical opportunities for students to gain real-world experience in finance.
Diverse job opportunities: Graduates with a Bachelors in Finance from a German university are well-equipped to work in a variety of finance-related careers, such as investment banking, wealth management, or financial analysis.
Multicultural environment: Studying in Germany exposes you to a diverse student population from all over the world, providing a unique cultural experience.
Strong reputation: German universities have a strong reputation for producing well-educated, competent graduates. Having a finance degree from a German university can give you an advantage in the job market.
Affordable living: Germany is known for having a good standard of living at a relatively low cost. Studying finance in Germany can give you a chance to live and study in a great environment without breaking the bank.
Students are required to follow this criterion to become eligible to pursue this course:
Schooling: Students are required to have completed their 10+2 high school with an 8.5 CGPA. Students must have obtained more than an 8.5 CGPA to get admission to German universities.
Preparatory Course: It is necessary for students to have 13 years of experience, which includes one year of preparatory courses with 12 years of high school experience.
Language mode: German universities follow particular language criteria to choose German and English as languages of instruction for the bachelor's in finance program.
For the English language, students need to obtain 90–100 in TOEFL and a 6.5-7 band score in IELTS.
For German language, B2 or C1 level certification is required.
LOR: It is necessary for students to submit a letter of recommendation to become eligible to pursue a bachelor's in finance from a German university.
SOP: It is essential for students to submit a statement of purpose while applying for a bachelor's program in finance. It must include your details, your plans for the future, and your intent behind choosing Germany to study this program.
In German universities, both English and German are the languages of instruction. While choosing the mode of language to study for their bachelor's in finance program. Students must meet and follow specific language criteria:
| Language Proficiency Criteria | Score |
| German Language | B2 or C1 level certification. |
| English Language | 6.5-7 band score on the IELTS. 90–100 on the TOEFL |
Students need to obtain such a score to choose their preferred language to study for a bachelor's in finance program.
There are two intakes for taking admission to German universities. The deadline for taking admission in these intakes is different in each university in Germany. The duration for both intakes is different from each other:
| Summer Intake | You need to submit your application before January 15th to get admission to the summer intake. |
| Winter Intake | You need to submit your application before July 15th to get admission to the winter intake. |
A large number of students apply to finance and auditing courses during the winter intake. Students are advised to keep visiting the website of their desired university for better clarity.
These are the various documents that need to be submitted by students to secure their admission to the Universities of Germany:
Certificate of class 10+2 and school leaving certificate
Certificate of German language proficiency
Certificate of English language proficiency
SOP, or Statement of Purpose
LOR, or Letter of recommendation
Birth certificate as age proof
Copy of the application form
Income Proof
Academic transcript
Student Visa
ID proof
Passport of the student
Acceptance letter from the university
Passport-size photograph
In different universities, there may be different document submission requirements. Therefore, you must check the website of your desired university.
The fee structure for pursuing a bachelor's in finance is not the same in all German universities. Public universities offer this course at more reasonable fees than private universities. In public universities, the fee structure of a bachelor's program in finance is 100-500 EUR. On the other hand, in private universities, the fee structure is 40,000 EUR.
The fee structure at top German universities for bachelor's in finance programs is as follows:
| German Universities | Cities | Tuition fee structure in German universities |
|---|---|---|
| RWTH Aachen University | Aachen | No Tuition Fees |
| Free University of Berlin | Berlin | No Tuition Fees |
| Karlsruhe University of Berlin | Karlsruhe | 1500 EUR |
| Humboldt University of Berlin | Berlin | 315 EUR |
| University of Freiburg | Freiburg | 1500 EUR |
| Ludwig Maximilian University of Munich | Munich | 1000 EUR |
In order to make your education process easier, There are various scholarships available for which you can apply. If you are good at academics, then you should apply for such scholarships.
Friedrich Ebert Stiftung Scholarship: This scholarship provides tuition fee grants to international students. Students with excellence in academics who avail of this scholarship
DAAD Scholarship: It is the most popular scholarship in Germany and is applicable to all students in bachelor programs. It provides EUR 861 for bachelor courses.
Hamburg University of Applied Sciences Scholarships: It is a fully and partially funded scholarship that covers tuition fees and travel allowance, but as per the course.
Deutschlandstipendium National Scholarship: This scholarship includes a financial and travel allowance, and it offers EUR 300 per month. If you are excellent in academics, then you can avail of this scholarship.
Students have an opportunity to enroll in the free study in Germany for bachelors in Finance program. By studying at some of Germany's top universities, you'll gain valuable knowledge and experience that can help you succeed in your future career. Here are a few universities to consider if you're interested in pursuing a Bachelors in Finance in Germany:
Ludwig Maximilian University of Munich (LMU)
Humboldt University of Berlin
Goethe University Frankfurt
Technical University of Munich (TUM)
Free University of Berlin
University of Mannheim
EBS University of Business and Law
Frankfurt School of Finance & Management
If you want to get admission to German universities, then you need to follow the admission procedure steps.
Students should prefer to consult with experts before getting admission into the bachelor's in Finance program in Germany. The Anigdha Experts team assists students in resolving their doubts in regard to the admission process.
If you haven't selected a university yet, the Anigdha team can help you shortlist the university as per the suitability of the bachelor's in finance program.
Students must submit the documents that are necessary to get admission to German universities. Any fault in the document can lead to the disqualification of the application. Our members help students in collecting all the documents.
It is necessary for students to pay the required fees after submitting an application.
Students will receive a confirmation email from a German university regarding admission. Once they do, they will pay fees.
We also provide various other services, like preparing students for interviews and essential language proficiency tests. We help students with visa and passport applications, foreign currency, and so on.
Contact the Anigdha team and get admission to German universities!
What is finance and what will I learn in a bachelors in finance program?
Finance is about managing money and making investment decisions for individuals, businesses, and organizations. You will learn about subjects like financial planning, banking, accounting, economics, and more.
Is it necessary to have a background in math to study bachelors in finance in Germany?
Basic math skills are important for finance but you don't need to be an expert. You will learn advanced math concepts as you progress through the program.
What is the eligibility for bachelors in finance in Germany?
To be eligible, you usually need to have completed your secondary education and hold a high school diploma. Some universities may also require you to take an entrance exam or provide proof of language proficiency in German.
Is a bachelors in finance a good investment for my future?
Yes, a bachelors in finance is a great investment for your future as it provides a strong foundation for many lucrative and in-demand careers in finance and related fields.
What skills will I gain from studying a bachelors in finance program?
By studying a bachelors in finance program, you will gain skills in areas such as financial analysis, budgeting, risk management, and communication. These skills will prepare you for a successful career in finance and related fields.
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