Masters in Finance in Germany

Germany is the third most popular destination among international students in the world. More than twelve percent of students at German universities come from abroad.

Germany is an attractive place to study and German university degrees are highly respected by employers worldwide. Also, students normally don’t have to pay tuition fees at German universities, and if so, the fees are very low. Its master programme fee is not as high as in other countries like say in the UK or USA.

Also, some of its top universities like WHU Beisheim, EBS school of Management, Mannheim Business Schools are ranked among top 100 B-schools in the world as per FT MiM rankings which makes Germany an attractive place to study.

Germany is known for its cheap and affordable education. There is no tuition fee at public universities in Germany at all. Plus the private institutes too cost a low fee structure and other costs than your academics are also cheap.

Top MFin Colleges In Germany

With a growing number of individuals interested in studying abroad, students all over the world have numerous options. Germany is a popular study abroad destination for students all over the world. Germany is the preferred destination for international students looking for educational opportunities abroad. Nevertheless, among all other countries, Germany is known for its extremely competitive academic institutions. This article provides a brief overview of two German universities with Masters in Finance programs that provide students with an understanding of the financial world and a competitive advantage after graduating from college.

Being a college grad with a masters in Finance in Germany is one way to set yourself apart from the pack. The International School of Business program can teach you the skills you need to be a successful finance professional. Some of these abilities include analysing information and making sound decisions, which is ideal for the business world. Many German students want to pursue a more international career. A Masters in Finance in Germany is one of the best options for assisting you with this. It has been a challenging curriculum with high standards for more than 15 years, giving graduates advanced management and financial expertise.

Why Study a Master in  Finance in Germany?

With its cutting-edge universities and modern amenities, Germany has established itself as a global leader in finance studies. The following are the top reasons to study in Germany:

• Financial Sector on the Rise: Due to the current economic boom, Germany’s financial sector is likewise on the rise. The financial sector, which contributes the most to the German economy, is constantly changing and in need of more qualified workers.
• Popularity: While German universities offer a wide range of programmes in a variety of subjects, finance is quickly becoming the most popular. Almost half of the 40,000 Indian students enrolling in German institutions study finance.
• Very Affordable: If you’re considering the expense of an MS in Finance in Germany, you’ll be relieved to learn that it’s fairly reasonable. In Germany, the finest finance universities are public universities with no or low tuition rates.

As a result, if you have earned your bachelor’s degree in finance and are considering where to pursue your masters degree, Germany is the ideal choice.

Types of Masters Programs

There are many different types of masters programmes to pick from if you wish to study in Germany. Some offer Masters in Finance, which is the most popular among international students. On the official website, students can learn more about the many sorts of masters programmes. There are two sorts of finance masters degrees. One option is to get a Master of Business Administration from a typical university or a Professional School of Management. A Masters Degree, on the other hand, is normally awarded by a university such as the University of Mannheim and is aimed to educate students from various backgrounds on financial concerns.

Eligibility Criteria for Masters in Finance in Germany 

The top colleges in Germany for masters in finance have a few characteristics, despite the fact that each has its own particular criteria. These are prerequisites that are normally the same regardless of the university to which you apply –

1. A valid Bachelor’s Degree: The first criterion for a masters degree in finance is that you have a bachelor’s degree in finance or a related discipline.

2. Consistent Grades: Universities in Germany are extremely competitive. As a result, if you want to give your MS in Finance application a leg up, you’ll need to maintain strong grades throughout your Bachelor’s degree. Candidates with a GPA of at least 3.0 are often preferred by top German colleges.

3. Aptitude Exam: You may be required to submit an aptitude test result depending on the university to which you are applying. GATE and GRE are two tests that may be selected for testing.

**Make sure you check with the university ahead of time to see if there are any exam prerequisites.

4. Language Requirements: Many German universities teach in the German language. As a result, according to the Common European Reference for Languages, most colleges may need German proficiency at the B2 level. In addition to German competence, candidates may be asked to submit IELTS or TOEFL English proficiency scores. It’s deemed good to have a TOEFL score of at least 80 or an IELTS score of at least 6.5.

Visa Requirements: After you’ve met the admissions requirements, you’ll need to apply for a German student visa. It is required of all international students admitted to German universities. Several documents are also required for the German National Visa Application, including

•  health and travel insurance
• a passport
• and a letter of admission.

Document Requirements

For admission to an MS in Finance program in Germany, a student must provide the following documents:

• Transcripts of Education
• Motivational Letter (similar to Statement of Purpose)
• A resume that has been updated (CV)
• Language Proficiency Proof (for example, IELTS or TOEFL for English; DSH for German)
• Recommendation Letters
• Germany Current Photos and a Copy of Passport for a Blocked Account
• For a degree achieved outside of the EU/EEA, uni-assist will evaluate bachelor’s certificates.

Other Admission Requirements for Masters in Finance in Germany

There may be additional admission criteria, such as

• Your undergraduate record and a certificate.
• Details of your secondary education — certain highly competitive application processes may want to learn more about an international’s educational background.
• Interviewing – German universities may conduct a scheduled interview with you to discuss your application and experience. The interview might be formal, especially in highly competitive universities with limited spots, or it can be conducted via conferencing systems such as Skype to make it more convenient for overseas students.
• Additional entry exams – you may be expected to submit an extra entry exam or take a validated postgraduate admission test as part of your application at selective universities. This may also be required in law, medicine, and other regulated professions to ensure that your past training is compatible. In addition, business schools and MBA programmes may need a specific score on standardised tests such as the GMAT or GRE.
• Your university should inform you of any additional criteria before you apply!

Fees for Masters in Finance in Germany

The cost of a Masters degree in Germany is determined by whether your studies are consecutive or non-consecutive.

• Consecutive studies are generally regarded as free because you simply have to pay semester costs, which range from 100 to 200 euros and cover enrollment, verification, administration, and the Semesterticket (a monthly public transportation ticket).
• Tuition payments for non-consecutive Masters Degree studies are covered, depending on the programme and university of choice.
• Students who earned their Bachelor’s degree outside of Germany are also considered non-consecutive studies.
• Both consecutive and non-consecutive studies at private universities are subject to mandatory tuition costs.
• Prices for non-consecutive studies can range from roughly 6000€ each semester and above, with premium colleges charging even higher fees.

Prepare your finances

According to German government estimates, an international student studying in Germany needs at least €861 per monthly or €10,332 per year in his bank account as proof of financial capabilities to cover oneself while in Germany. You will not be able to obtain a student visa and pursue a masters degree in Germany if you do not have this sum of money.

Given that this sum of money is significant for a typical student, you must begin addressing the problem well before your preferred German university’s application period opens. Overall, four months would be a reasonable amount of time to save or collect money and see what other options are available.

Deadlines Application of Masters in Finance in Germany

Although application deadlines vary by university, the following two dates are often applicable:

• Apply by the 15th of January for the September semester.
• If you want to start classes in the winter semester, you must apply by July 15th.

Make sure to verify the deadlines for your selected university ahead of time in case there are any discrepancies!

Scholarships for Master in Finance in Germany

International students wanting to study in Germany for a semester or a year can apply for scholarships through the German Academic Exchange Service (DAAD). Students can apply for financial aid through the Student Loan Fund, and private scholarships are also available. Scholarships for overseas students in Germany might be a very appealing choice. Depending on your special situation, there are a number of scholarship programs that can be of great help to you.

Top Universities for Masters in Finance in Germany

1. Arden Study Centre, Berlin

At Arden Study Center Berlin, people are completely dedicated to providing high-quality business education to those looking to advance their careers in various industry sectors. Arden University is committed to making higher education available to all students. In Germany provides industry-relevant undergrad and postgrad courses taught by an expert faculty. Students can study full-time or part-time and thus tailor their studies to their schedules.

• Duration- 12 – 24 months
• Tuition Fees- EUR 15,000

2. Berlin School Of Business & Innovation

BSBI is committed to preparing students to effectively shape the future and become tomorrow’s leaders in a rapidly changing business environment. With entrepreneurship and success at its core, BSBI provides industry-relevant programmes which focus on developing the practical business skills required for professional success. An international business school with a focus on student excellence in the heart of Berlin, Germany.

3. GISMA University of Applied Science

German business school GISMA offers degree programs with global recognition, executive education, and language courses from campuses in Berlin and Hamburg. All of their programs are taught in English, the world’s most widely used language for international business communication.

• Tuition Fees- EUR 13,000
• Duration- 12 – 24 months

4. Frankfurt School of Finance & Management

The Frankfurt School of Finance and Management is an AACSB, EQUIS, and AMBA-accredited research-driven business school that focuses on all aspects of business, management, banking, and finance.

• Duration- 20 months
• Tuition Fees- EUR 32,500

5. Technische Universität Kaiserslautern

The Distance and Independent Studies Center (DISC) is a renowned provider of distance-learning postgraduate courses in Germany. The organisation has over 25 years of experience developing and producing academic courses for self-directed learning. Less reading

• Tuition Fees- EUR 1,990 / semester
• Duration- 6 semesters

Specialization of Masters in Finance in Germany

Candidates interested in pursuing a masters in Finance concentration would be able to choose from one or more subject areas and build their own research projects. Some of the finance specialisations listed below may be offered as a stand-alone course or as part of a larger financial education programme.

 Career Opportunities After Masters in Finance in Germany

No one can deny that following graduation, students will have a plethora of professional options. With an MS in Finance, you may work for some of Germany’s greatest firms, including Audi, Deutsche Bank Group, and others!

Those who earn a masters degree in finance can pursue exciting employment prospects. Germany is the world’s fourth-largest economy. As a result, graduates in this sector have a variety of profitable employment options.

A masters degree in finance can earn you up to one million euros per year on average. Here are some of the potential career profiles in Germany for finance graduates:

Conclusion

Finance students study all elements of financial planning. Business investments and finance, individual personal finance, and accounting are all part of the area. Individuals can obtain a global education through the Masters in Finance program. The curriculum is for professionals who wish to improve their financial, management, and economics skills.

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