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Masters of Finance in Germany 2025: Public Universities, Fees, Requirements
Edited By Piyush Kohli | Updated on May 27, 2025 12:17 PM IST
Masters of Finance in Germany is a great choice for those who want to have a career in finance and accounting. Germany is among the most desired study abroad destinations for international students because of its low cost of education and high living standards. The duration of the total course for MIF in Germany is 2 years. Masters in Finance in Germany salary for freshers is around EUR 60,000,which equals Rs 50 lakhs annually.
This Story also Contains
- Masters of Finance in Germany: Highlights
- Top universities for Masters of Finance in Germany
- Masters of Finance in Germany Requirements
- Documents Required for Masters of Finance in Germany
- Cost of Studying Masters of Finance in Germany
- Masters of Finance in Germany for Free
- Masters of Finance in Germany Scholarships
- Career opportunities After Masters of Finance in Germany
Students who wish to pursue a career in Masters of Finance in Germany need to fulfill the course-specific requirements. Along with this, they need to have a strong application with a high GPA, extracurricular activities, and well-written Statement of purpose. Having an LOR and work experience would be beneficial to international students since the competition is very high in top German Universities.
Some of the top universities that offer a masters of finance in Germany include Technical University of Munich, Free University of Berlin, WHU (Otto Beisheim), Ulm University, and more. The fees for Masters of Finance in Germany range from EUR 24,000 - EUR 37,000 for the complete course.
To reduce the cost of educational expenses, students can seek various scholarships offered by universities and organisations, these include DAAD, Erasmus Scholarships, and other scholarships in Germany. To learn more about the Masters of Finance in Germany, students must read the complete article which includes top universities, educational costs, free universities, scholarships, and career opportunities.
Masters of Finance in Germany: Highlights
Particulars | Details |
Programme Name | Masters of Finance in Germany |
Programme Type | Full-time |
Masters of Finance in Germany Duration | 2 years |
Masters of Finance in Germany requirements | Bachelor's degree |
Language Proficiency Requirements for Masters of Finance in Germany | Minimum 6.0-6.5 IELTS band, TOEFL/PTE, or German language proficiency equivalent |
Masters of Finance in Germany fees | EUR 10,000 - EUR 12,000 per year. |
Top universities for Masters of Finance in Germany |
|
Masters of Finance in Germany Salary | EUR 40,000 - EUR 60,000 |
Standardised Test for Masters of Finance in Germany | GMAT/GRE |
Top Masters of Finance in Germany Specialisation |
|
Top universities for Masters of Finance in Germany
Numerous universities in Germany offer master's programmes in English to international students. Some of the top universities ranked by QS 2025 Subject Rankings for finance are mentioned in the table below.
Best Universities for Masters in Finance in Germany for International Students
University | QS Masters of Finance Germany Ranking |
22 | |
Frankfurt School of Finance & Management | 65 |
101+ |
Masters of Finance in Germany Public Universities
University | QS 2025 World University Ranking |
Technical University of Munich | 28 |
97 | |
285 | |
Ulm University | 554 |
611-620 | |
1201-1400 |
Masters of Finance in Germany Requirements
Candidates planning to seek admission to the Masters of Finance in Germany are required to meet the following admission criteria and submit the below-mentioned documents:
All Indian applicants must have a required bachelor’s degree (3-4 years) from an accredited and recognised university.
Students must have a high GPA of 3.0 or more.
Certain universities require GRE or GMAT scores for admission to masters of finance programmes.
Students from non-English speaking countries or whose first language is not English are required to provide proof of English language proficiency by taking IELTS, TOEFL, or PTE.
Some universities in Germany might require proficiency in the German language.
Candidates must also meet other course-specific requirements set by their chosen university.
Documents Required for Masters of Finance in Germany
Application confirmation copy
Standardised test scores (GRE or GMAT)
English language proficiency (IELTS / PTE)
Letters of recommendation
Passport
CV or resume
Cost of Studying Masters of Finance in Germany
The cost of pursuing a Masters of Finance in Germany for Indian students varies depending on the university they choose. Public universities in Germany provide master's programmes at a low or no cost, with students just paying semester or enrollment fees. The average Masters of Finance fees in Germany are approximately EUR 10,000 - EUR 12,000 per year.
This cost includes international educational expenses in addition to living expenses in Germany. Although tuition is low in Germany, living expenditures are highly expensive. The cost of living in Germany is approximately 196.4% higher than in India, thus students must manage their finances accordingly.
Masters of Finance in Germany Fees
University | Masters of Finance in Germany Fees |
WHU (Otto Beisheim) | EUR 30,300 - EUR 37,200 |
EUR 39,000 | |
Goethe Business School | EUR 20,500 - EUR 23,500 |
Technical University of Munich | EUR 4000 - EUR 6,000 per semester |
Free University of Berlin | Free |
Masters of Finance in Germany for Free
Although there is no tuition fee for public universities in Germany, students are required to pay the semester fees, which might vary depending on the university chosen by them. Some of the universities that offer masters of finance in Germany for free or at low tuition cost are mentioned below:
Free University of Berlin
University of Kiel
Ulm University
Read More: Cost of MS in Germany
Masters of Finance in Germany Scholarships
The cost of tuition in Germany is low, however, apart from the cost of tuition, students have to cover living expenses, which include accommodation, food, study materials, and other expenditures. To minimise the financial burden, students can apply for financial aid offered by universities and organisations in Germany. A few popular master finance germany scholarships are as follows:
The Deutschlandstipendium
DAAD Scholarships
TUM scholarships for international students
Heinrich Boll Scholarships
Erasmus Mundus Scholarship
Career opportunities After Masters of Finance in Germany
Students after completing a masters of finance in Germany can search for career opportunities in the fields of banking, finance, consulting, corporate, and international finance. The average master in finance salary in Germany is around EUR 40,000 - EUR 60,000 per year. There is a wide range of career prospects for MS finance graduates, and they are recruited by several reputable companies such as Deutsche Bank Group, Commerzbank, PwC, Allianz Worldwide, McKinsey & Company, and BMW Group. Popular career prospects after Masters of Finance in Germany are:
Investment Banking
Financial Analyst
Accountant
Financial adviser
Actuary
Finance Manager
Consultant
Corporate finance
Insurance
Risk management
Frequently Asked Questions (FAQs)
1. Is Germany good for masters in finance?
Yes, Germany is one of the best countries to pursue an MS in Finance, this is due to the high quality of education and a wide range of career opportunities. Germany is one of the most popular destinations among international students due to its low educational costs and high quality of living.
2. What is the salary of MS finance in Germany?
After the completion of MS finance in Germany, graduates can work in various sectors including banking, finance, consulting, corporate, and international finance. The average master in finance salary in Germany is around EUR 40,000 - EUR 60,000 per year. Students are recruited by several reputable companies such as Deutsche Bank Group, Commerzbank, PwC, Allianz Worldwide, McKinsey & Company, and BMW Group.
3. How much does it cost to do Masters in Finance in Germany?
The average cost of studying Masters of Finance in Germany are approximately EUR 10,000 - EUR 12,000 per year. In addition to this, students are also required to cover the cost of living expenses in Germany, which are around EUR 700 to EUR 1,200 per month.
4. Is GMAT required for Masters in Finance in Germany?
No, GMAT is not a mandated requirement for admission to Masters in Finance in Germany, however, some top universities might require GMAT scores as a part of their prerequisites. Also, having a good GMAT score will not only increase your chances of admission but also give you an edge over other applicants by making your application strong.
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1. TUM (Munich) – Engineering, Computer Science
2. LMU (Munich) – Medicine, Humanities
3. Heidelberg University – Medicine, Life Sciences
4. Humboldt University (Berlin) – Humanities, Social Sciences
5. KIT (Karlsruhe) – Engineering, Natural Sciences
6. RWTH Aachen – Engineering
7. University of Freiburg – Environmental Science
8. University of Stuttgart – Engineering, Automotive
9. Free University of Berlin – Political Science, Medicine
10. University of Mannheim – Business, Economics
These universities offer affordable or tuition-free education for international students.
harsh singh 11 May,2025
Hello,
yes you can study for a bachelor's degree in Germany, as your diploma in nautical science may be considered equivalent to the 12th year for admission purposes. However each university may have specific requirements, so its important to check their entry criteria you might also need to provide additional documentation, like your diplomas' equivalency to German standards.
Riya Dhoot 01 April,2025
Hello,
It depends on the university you are applying to. Most German universities do not require GATE for admission to a Master's in Biotechnology. However, some universities may ask for the GRE , especially if you are applying to a highly competitive program.
You should check the specific admission requirements of the universities you are interested in. Generally, having IELTS (or TOEFL) and a German language proficiency certificate (if the course is in German) is enough.
Hope it helps !
Prachi Kumari 20 March,2025
Hello,
No, an online BCA degree from Shoolini University may not be considered valid for APS. APS (Academic Evaluation Center) mainly verifies regular degrees. Since German universities generally do not recognize fully online degrees, there is a chance that your one-year online BCA may not be accepted.
It’s best to contact APS India directly to confirm whether your online degree will be considered valid for the evaluation.
Hope it helps !
Prachi Kumari 13 March,2025
Germany is a fantastic destination for higher education.
Regarding your online BCA degree from Shoolini University , its validity for APS (Akademische Prufstelle) purposes is uncertain. Here's what you should know:
1. APS requirements: The APS certificate is mandatory for Indian students seeking admission to German universities. APS verifies the authenticity of your educational documents and ensures they meet German academic standards.
2. Online degrees: APS has specific guidelines for online degrees. They might not recognize online degrees or may require additional documentation for verification.
3. Shoolini University: As a recognized Indian university, Shoolini University's degrees are generally accepted. However, the online nature of your BCA degree might raise concerns.
To confirm the validity of your online degree for APS purposes:
1. Contact APS directly: Reach out to the APS office in New Delhi or visit their website to inquire about their policies on online degrees.
2. Consult with Shoolini University: Verify with your university whether they have any information or experience with APS recognizing their online degrees.
3. Prepare additional documentation: Be prepared to provide additional documents, such as transcripts, course certificates, or proof of online coursework, to support your application.
It's essential to clarify this aspect before applying for APS to avoid any potential issues or delays.
sadafreen356 12 March,2025
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