Germany is gradually gaining popularity as one of the top locations for earning a degree in finance. A Financial Masters in Germany can confirm a successful career with strong growth potential and is also incredibly cost-effective. Germany has been a favourite among students because it is home to some of the world’s best universities and offers high-quality higher education, a vibrant student life, and cutting-edge technology. Students thinking of pursuing MFin can take a pick from vast numbers of MFin schools in Germany.
Why Study MFin in Germany
- Financial Sector Thriving: As a result of the current economic boom, Germany’s financial industry is likewise doing well. The financial sector, which makes up the largest portion of the German economy and is constantly changing, needs more skilled workers.
- Popularity: Although German universities provide a wide range of programmes in all academic fields, finance is currently the most in-demand. About half of the nearly 40,000 Indian students studying in German universities are studying finance.
- Extremely Affordably: If you’re wondering how much an MS in Finance in Germany will cost, you’ll be happy to hear that it’s not too expensive. German public colleges with no or low tuition costs are among the finest for studying finance.
Top Universities offering MFin in Germany
Technical University of Munich
The Technical University of Munich (TUM) consistently places highly on major university excellence lists, making it one of the best MFin schools in Germany. Students can gain in-depth expertise in the field of finance as well as other subjects through the master’s in finance programme at TUM. Students can select the streams that best meet their needs.
Goethe University Frankfurt
One of the oldest public universities in Germany, Goethe University Frankfurt is famous for its cutting-edge academic programmes and academic framework. While being predominantly a business school, the university offers a fantastic master’s degree in finance that is held exclusively at Frankfurt’s House of Finance! This must be one of your top selections if you’re seeking for the greatest Mfin schools in Germany. Frankfurt is a significant global financial hub as well, which enhances the program’s allure.
Phillips University Marburg
One of the oldest and most well-known public universities in the German state of Hessen is Philipps University of Marburg. With approximately 30,000 students enrolled, an astonishing 20% are international students, creating a remarkably multicultural and multilingual campus environment. The university provides a master’s degree programme in finance that includes cutting-edge learning materials and creative, hands-on methods for teaching theoretical ideas and is one of the top MFin schools in germany.
University of Kiel
The University of Kiel is one of the oldest public universities in Germany and is situated in the picturesque city of Kiel. It has frequently been listed in the “German Universities Excellence” list because of its strong teaching strategies, faculties, and programmes. The University places a strong emphasis on financial economics, theories of business management, econometrics, and more as the cornerstone for all learning in its Masters in Finance programme.
Johannes Gutenberg University of Mainz
The Johannes Gutenberg University of Mainz was founded in 1477 and is one of the most prestigious universities in Germany. Many international students attend this one of the most innovative research-based universities each semester. In actuality, international students make up a combined 15% of the student body here. The Masters in Finance program’s prerequisite for a Bachelor of Science in Economics is a key component.
University of Kaiserslautern
The University of Kaiserslautern was established in 1970 and is a public research university recognised for its technical training programmes. It is regarded among the top institutions in Germany for its programmes in mathematics, finance, and computer science and is a top MFin schools in Germany. As a result, the main topics of this University’s Masters in Finance programme include actuarial science and mathematical finance.
Eligibility Criteria for MFin Schools in Germany
A Bachelor’s Degree That Is Valid
You must have a Bachelor’s degree in finance or a closely related discipline to qualify for a master’s degree in finance.
Continuity in Grades
Universities in Germany face intense competition. Hence, you will need to maintain a good GPA throughout your Bachelor’s degree to give your MS in Finance application a boost. High GPA applicants are often preferred by prestigious MFin schools in Germany.
Depending on the university you’re applying to, you might need to submit the results of an aptitude test.. Some of the tests that could be used for testing are GRE and GATE. If the university has any such exam requirements, be sure to ask them well in advance.
Required Language Proficiency
German is the primary language of instruction in several German universities. As a result, according to the Common European Reference for Languages, the majority of colleges may need German competency at the B2 level. Students may also be asked to submit their IELTS or TOEFL English proficiency scores in addition to their German language proficiency. A good score is one that is 80 points or above on the TOEFL or 6.5 points or higher on the IELTS.
- Educational Transcripts
- Letter of Motivation (similar to Statement of Purpose)
- Updated Resume (CV)
- Proof of Language Proficiency (for example, IELTS or TOEFL for English; DSH for German)
- Letters of Recommendation
- Germany Blocked Account
- Current Photos and Copy of Passport
- Evaluation of Bachelor’s certificates by uni-assist for a degree obtained in a country outside of the EU/EEA
MFin Schools in Germany – Fees
German financial universities charge an annual tuition cost that ranges from 0 to 3,000 EUR, whereas other institutes charge between 10,000 and 40,000 EUR.
The overall cost of studying in MFin schools in Germany includes living expenses, which range from about 5,000 EUR to 10,000 EUR annually, depending on your lifestyle.
MFin in Germany – Scholarships
|DAAD Scholarships||Qualified for full time courses in Germany Bachelor’s degree At least 2 years of work experience||850 EUR for PG students 1,200 EUR for Doctoral students|
|Heinrich Boll Foundation Scholarship||Outstanding academic records and demonstration of social engagement||850 EUR per month + tuition fees|
|DeutschlandStipendium National Scholarship Programme||Open to students enrolled in a German institution||300 EUR per month|
|Konrad-Adenauer-Stiftung Scholarships||PG and Doctoral students||850 EUR per month for 2 years|
Job and Salary after MFin in Germany
Nobody can deny the enormous professional prospects that await pupils after graduation. You might apply to some of the top firms in Germany, including Audi, Deutsche Bank Group, and more, if you have an MS in Finance!
After earning their Masters in Finance from top MFin schools in Germany, candidates will have numerous exciting job options. There are many profitable jobs available for graduates in this profession because Germany currently has the fourth-largest economy in the world.
After earning an MSc in finance, typical wages might reach EUR 1,000,000 annually. Here are a few potential job descriptions for German graduates in finance:
|Job Title||Average Base Salary|
|Investment Banker||71,803 EUR per year|
|Accountant||57,506 EUR per year|
|Financial Analyst||61,675 EUR per year|
|Financial Advisor||56,574 EUR per year|
|Trader||74,785 EUR per year|
German institutions promise international students academic excellence that is both affordable and of the highest calibre. As a result, earning an MS in Finance in Germany is very lucrative and opens up a wide range of work opportunities in Germany after graduation. So go ahead and start applying to the universities that best suit you.