Masters in Finance in Germany | 2024 Top Programs

Doing a Master's in Finance in Germany offers you a chance to learn in one of the world's top financial centers. With high-quality education and a diverse community, you'll gain the skills and experiences needed to excel in finance. This journey is not just about advancing your career; it's also about experiencing a new culture and opening doors to personal and professional success.

Master's in Finance Overview

Germany is a great country to consider for completing an MSc in Finance for many reasons. Some of these reasons are: 

• Free Education: Public universities have low or no tuition fees, making high-quality education accessible and affordable. 
• English-Taught Programs: Access a wide range of finance programs taught in English, allowing you to study in Germany without the need for fluency in German.
• Advanced Knowledge: Gain a comprehensive understanding of financial theories, investment strategies, and risk management. Master’s courses in Germany cover many topics to prepare you for the job market. 
• Specialization: Many programs allow you to choose your specialization. Depending on your preferences, you can focus on areas such as corporate finance, financial engineering, asset management, and more.
• Practical Skills: Obtain hands-on experience with financial modeling, data analysis, and industry-standard software. Some programs offer internships to help you gain practical experience. 
• Global Perspective: Benefit from exposure to international finance practices, diverse financial markets, and global economic policies. Studying in an international setting can also lead to learning interpersonal skills.
   

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Admission Requirements for Master's in Finance in Germany

University Degree

• To qualify for a master's program in finance as an international student in Germany, you must have a relevant undergraduate degree in finance, economics, business administration, or another related field. The exact requirements depend on the university you choose.
• Generally, your undergraduate studies must have an equivalency of around 180 ECT points (European academic credits) to be eligible for a master's degree in Germany.
• Universities also offer aptitude tests, so in some cases, even if you don’t have an undergraduate degree in a related field, you can be eligible for a master’s in finance by taking a university entrance exam. 

Language Requirements

Work Experience 

• While not always required, relevant work experience in finance or related fields can enhance an application by demonstrating practical skills and industry knowledge.
• Experience can strengthen your application, provide real-world insights during the program, and offer networking opportunities to aid future career prospects.
  
  

Remember

Each university has its own admission process, so it's essential to check the specific requirements on the university's website to ensure you're well-prepared.

Application Dates for MSc in Finance 

• Winter Semester: Applications are usually due between May and July, and the first semester starts in October.
• Summer Semester: Deadlines typically fall between December and January, and the first semester starts in April.
• University-Specific Dates: Check each university’s website for exact deadlines and requirements, as they vary.

If you are still unsure about your university of choice and want an in-depth understanding of German universities, here is a guide to help you choose the best university in Germany.
 

No Tuition Fee Finance Degree in Germany 

Many public universities in Germany provide the option to study without tuition fees, including finance programs. Here are some affordable finance programs you can explore:

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Int. Study Programs

30

Universities

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Alternative Degree Options for Finance Majors 

If you want to expand your career options beyond finance, consider exploring related programs that build on your financial expertise while offering flexibility for various career paths. Here are some alternatives to consider:

Accounting and Taxation

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  Fulda University

  Fulda

  Accounting, Finance, Controllership

  M.Sc. | Master of Science

  Language: English

  3 Semesters	No Tuition Fee	Full-time
  Duration	Tuition Fee	Study Form

• 

  Berlin School of Economics and Law

  Berlin

  FACT | Finance, Accounting, Controlling & Taxation

  M.Sc. | Master of Science

  Language: English

  3 Semesters	No Tuition Fee	Full-time
  Duration	Tuition Fee	Study Form

• 

  Leuphana University

  Lüneburg

  Management & Sustainable Accounting and Finance

  M.Sc. | Master of Science

  Language: English

  4 Semesters	No Tuition Fee	Part-time
  Duration	Tuition Fee	Study Form

See complete list

 

Economics and Finance

• 

  Rhine Waal University of Applied Sciences

  Kleve

  Economics and Finance

  M.Sc. | Master of Science

  Language: English

  3 Semesters	No Tuition Fee	Full-time
  Duration	Tuition Fee	Study Form

• 

  Eberhard Karls University Tubingen

  Tübingen

  Economics and Finance

  M.Sc. | Master of Science

  Language: English

  4 Semesters	1,500 EUR	Full-time
  Duration	Tuition Fee	Study Form

See complete list

 

International Finance

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  University of Passau

  Passau

  International Economics and Business

  M.Sc. | Master of Science

  Language: English

  4 Semesters	No Tuition Fee	Full-time
  Duration	Tuition Fee	Study Form

• 

  Berlin School of Economics and Law

  Berlin

  International Finance

  M.Sc. | Master of Science

  Language: English

  3 Semesters	No Tuition Fee	Full-time
  Duration	Tuition Fee	Study Form

• 

  Georg Simon Ohm University of Applied Sciences

  Nuremberg

  International Finance and Economics

  M.Sc. | Master of Science

  Language: English

  3 Semesters	No Tuition Fee	Full-time
  Duration	Tuition Fee	Study Form

See complete list

 

Asset Management

• 

  University of Europe for Applied Sciences

  Hamburg

  Asset Management

  M.Sc. | Master of Science

  Language: English

  4 Semesters	4,920 EUR	Full-time
  Duration	Tuition Fee	Study Form

See complete list

FAQs

Do I need a blocked account to study Finance in Germany?

Yes, most international students need a blocked account to study in Germany. A blocked account is a particular bank account with a predetermined amount of money to cover your living expenses for one year in Germany. Expatrio's value package can help you set up your blocked account, health insurance, and current bank account to streamline your application process. 

Is Germany good for a Master's in Finance?

Yes, Germany is an excellent choice for a Master's in Finance. The country is home to many prestigious universities and business schools offering high-quality programs with a strong emphasis on theoretical and practical learning. Germany's robust economy, particularly its financial hubs like Frankfurt, provides numerous opportunities for internships and employment in the finance sector. Additionally, many programs are offered in English, making them accessible to international students. The relatively low tuition fees and strong job market make Germany an attractive destination for finance graduates.

What is the salary after a Master's in Finance in Germany?

Graduates with a Master's in Finance in Germany can expect an average starting salary ranging from €50,000 to €70,000 per year. Factors such as the industry, location, and level of experience can significantly influence the salary. For instance, positions in major financial hubs like Frankfurt or Munich may offer higher salaries, while roles in investment banking or consulting typically provide more competitive compensation packages. Over time, with experience and career advancement, salaries can increase substantially.

Is the GMAT required for a Master's in Finance in Germany?

Many leading business schools in Germany do not require GMAT (Graduate Management Admission Test)  scores for admission to their MBA programs. Instead, they assess applicants based on strong academic records, relevant work experience, and overall application quality. Some universities also have entrance exams that allow applicants to get admission without needing a GMAT.