Providing tuition-free public universities with more than 2000 English-taught programs, a thriving cosmopolitan setting, and robust employment possibilities complemented by a post-study work visa that spans 18 months, Germany is a top worldwide destination for both international students and finance professionals. Beyond the classroom, Germany houses one of the most stable financial sectors in Europe, based in Frankfurt- that houses the European Central Bank and Deutsche Börse-with more than 2,000 banks contributing approximately 4.5% of GDP and propelling the expansion in sustainable finance through green bonds and ESG investments.
Placing an emphasis on fields such as investment management, financial analysis, and corporate finance, an MS in Finance in Germany generally spans 1.5 – 2 years. This program is offered by universities like the University of Mannheim and Frankfurt School of Finance & Management.
Why Study Masters in Finance Germany?
Studying MS in Finance courses in Germany is a wise choice for these compelling reasons:
- Outstanding Education: First-rate finance programs with robust quantitative and analytical emphasis are offered by universities in Germany.
- Internationally Acknowledged: Degrees earned from universities in Germany are well-regarded globally, thereby, improving employment prospects worldwide.
- Minimal or Tuition-Free Education: Economical or no tuition fees for overseas students is offered by a number of public universities in Germany.
- Cultural Immersion and Networking Possibilities: Students who study Masters in Finance Germany have the chance to immerse themselves in varied student bodies and gain access to financial hotspots in Europe like Frankfurt.
- Robust Labor Market: Outstanding employment opportunities in fintech, banking, and consulting are offered by the robust financial sector in Germany.
7 Best Universities for MS in Finance in Germany
The leading universities for MS in Finance in Germany are listed below:
- WHU – Otto Beisheim School of Management
- Frankfurt School of Finance & Management
- Technical University of Munich (TUM)
- University of Mannheim
- Goethe University Frankfurt – House of Finance
- Ludwig Maximilian University of Munich (LMU)
- EBS Business School
Top 6 MS in Finance Programs in Germany
Mentioned below are the best MS in Finance courses in Germany:
- Master of Finance: Frankfurt School of Finance & Management
- Sc. in Finance and Information Management: LMU Munich
- Sc. in Finance & Information Management (or associated finance-specialised tracks): Technical University of Munich (TUM)
- Sc. in Finance: WHU – Otto Beisheim School of Management
- Sc. in Money and Finance: Goethe University Frankfurt (GSEFM)
- Master in Finance: EBS Business School
Cost of Studying MS in Finance in Germany
In comparison to nations like the USA or the UK, the cost of pursuing a Masters in Finance Germany is comparatively budget-friendly, primarily because minimal to no tuition fees for overseas students is charged by public universities in Germany. Semester fees that entail administrative expenses, public transport, and other student services generally cost between €150 to €400. Nonetheless, higher tuition fees ranging from €10,000-€20,000 annually are charged by private universities.
Cost of living in Germany entailing food, housing, transit, and health insurance typically range from €900–€1,200 per month. Generally, the overall cost (tuition + living expenses) for a program spanning 2 years at a public university ranges between €22,000 and €30,000, while at private institutions, the overall cost can surpass €40,000. To assist in alleviating a portion of these expenditures, scholarships and part-time employment possibilities are available.
8 Best Scholarships for Masters in Finance in Germany
The various scholarships offered to students studying MS in Finance in Germany are:
- DAAD Scholarships
- STIBET I Scholarship
- Deutschlandstipendium
- KfW Student Loan
- Studienstiftung des deutschen Volkes
- Income Share Agreements (ISA)
- e-fellows Master’s Scholarship
- Various Master’s Program Scholarships (general)
Eligibility for MS in Finance in Germany
The typical admission requirements for Finance Masters Germany are as under:
- The student needs to hold an accredited undergraduate degree in Finance, Business, Economics, Accounting, or an associated field.
- He/she needs to have obtained a minimum GPA typically about 2.5–3.0 (German scale differs depending on the university).
- The student needs to submit official transcripts demonstrating pertinent coursework in finance, statistics, accounting, and economics.
- GMAT (600+) or GRE test scores may be preferred or demanded by a number of universities.
- For English-taught programs, the student needs to prove his/her fluency in the language via English language proficiency tests like the IELTS (6.5–7.0) or TOEFL [88–100 (iBT)]. Duolingo or other tests may also be accepted by certain universities.
- A solid foundation in math, statistics, or quantitative subjects is frequently required.
- Although not always necessary, 0-2 years of professional experience may be favoured for some programs.
- The student needs to submit a statement of purpose or motivation letter outlining his/her interest in finance, professional objectives, and compatibility with the program.
- Generally, 1-3 letters of recommendation from instructors or employers need to be submitted.
- Submission of a curriculum vitae or resume showcasing the student’s academic accomplishments, internships, and pertinent projects.
- He/she needs to provide evidence of funds (~€11,000/year) and health insurance.
- The student needs to hold a valid passport.
Jobs After MS in Finance in Germany
Post completing MS in Finance courses in Germany, students can take up any of the following jobs:
- Risk Manager
- Treasury Analyst
- Asset Management Associate
- Portfolio Manager
- Credit Analyst
- FinTech Analyst
- Financial Planning & Analysis (FP&A) Specialist
- Financial Analyst
- M&A Analyst
- Equity Research Analyst
- Management Consultant (Finance Focus)
- Private Equity Analyst
- Corporate Finance Consultant
- Compliance & Regulatory Specialist
- Investment Banking Analyst
FAQs: MS in Finance in Germany
Q1. What is the duration of an MS in Finance in Germany?
Based on the university and whether the program entails internships or research projects, the majority of MS in Finance courses in Germany span 1-2 years.
Q2. To study MS in Finance in Germany, do students need to know German?
A number of MS in Finance courses in Germany are instructed in English, thus, German is not necessary. Nevertheless, understanding German can prove beneficial for internships, part-time jobs, and daily living.
Q3. Are international students allowed to work while studying MS in Finance in Germany?
Yes, while pursuing a Masters in Finance Germany, overseas students are permitted to work for a maximum of 120 full days or 240 half days per year, but they must adhere to visa and employment guidelines.
Q4. How to apply for MS in Finance in Germany?
The application process for MS in Finance Germany generally entails selecting a university, fulfilling entry prerequisites (like a pertinent bachelor's degree, academic transcripts, and proficiency in English/German), and submitting an online application via the university website or through Uni-Assist if necessary. The student may also need to submit a statement of purpose, recommendation letters, and a curriculum vitae.
Q5. Do MS in Finance courses in Germany entail internships?
In order to acquire hands-on professional experience, a number of MS in Finance courses in Germany entail internships as part of the curriculum or offer them as optional components.
For further assistance or queries students can contact us, Edwise International, and avail our wide range of services for students on destinations like Universities in Australia, study in Australia, study in UK, study in USA, study in Canada, study in Ireland, study in New-Zealand, study in Singapore, study in Frace, study in Germany and many other countries.
