Are you seeking the top universities in Germany for a master’s in finance? There are numerous private and public universities in Germany for masters in finance that you can consider. MS in finance is a two-year postgraduate full-time course offered by various German institutions, while the course offers excellent career prospects in the future. Students can expect handsome starting-salaries after graduating in the subject. 

Recommended Read: Study in Germany

Top Universities in Germany for Masters in Finance

Did you know the average salary of a Master’s in Finance graduate from top universities in Germany is €12,11,00/year (Per Statista)? If you are wondering how to get a lucrative salary, looking for the top universities in Germany for a Master’s in Finance will be a prudent choice. MS in Finance is a two-year postgraduate, full-time course offered by various German private and public institutions. 

Once you have decided to pursue an MS in Finance, knowing the admission process, tuition fees, and more is paramount. Sounds like a tedious task to achieve? Keep your worries at bay; we have curated a list of top universities in tandem with the essential information required to make an informed decision.

Benefits of Studying MS in Finance in Germany 

There are many benefits of studying MS in Finance in Germany. Some of them include the following: 

• Germany has several highly ranked universities offering finance courses, excellent industry exposure, practical training, and innovative, new-age curricula. 
• German universities have zero or negligible tuition fees, with students only paying administrative and enrollment costs at public universities. 
• Germany is Europe’s largest economy, housing several banks of international importance, including Deutsche Bank, DZ Bank, and KfW, headquartered in Frankfurt. 
• MS in Finance is the gateway to a rewarding future career, especially in fields like banking and financial services, investment banking, and other related areas. 
• Finance graduates earn handsome starting salaries, while demand has increased considerably over the years in this field. 
• Germany has a robust economy with plenty of job opportunities and some of the world’s biggest recruiters for finance graduates.
• The country has an impressive transport network. 
• Large cities have efficient systems integrating tram, rail, and bus services. Metros (subways, tubes) are known as the U-Bahn (underground train), whereas over-ground trains in cities are referred to as the S-Bahn.

 Recommended Read: Study in Germany

Highlights of Best Finance Courses in Germany 

Before we unfold the best private and public universities in Germany for a Master’s in Finance, in a nutshell, we have presented the significant aspects of the program. 

Duration	2 years
Types of Universities	Private  Public
Average Tuition Fee for International Students	3,000 EUR – 40,000 EUR

Top Universities in Germany for Masters in Finance 

Now that you know the benefits of pursuing your Master’s in Finance from a German University let us look at some of the top universities that can make a difference to your profile. 

• Philips University, Marburg
• Goethe University Frankfurt 
• Technical University of Munich 
• University of Kaiserslautern 
• University of Kiel 
• Johannes Gutenberg University 

Recommended Read: Study MASTERS in Germany

Cost of Studying Master of Finance in Germany

We have listed the highest-ranked institutions with other important factors to consider before you decide to pursue an MS in Finance: 

Name of the Institution	Fees	Course Duration/ Semesters	Location	2023 QS WUR	Course
Freie Universität Berlin	No tuition fees, semester fees and contributions per semester	4 semesters	Kaiserswerther	118	M.Sc – Finance, Accounting & Taxation
Technische Universität München	€152.30/ semester	4 semesters (full-time)/120 Credits	Munich	49	Finance and Information Management (FIM)
Goethe University Frankfurts	EUR 22,500 (including €1,000, non-refundable admission fee)	4 semesters	Frankfurt	328	Master's in Finance
Johannes Gutenberg University Of Mainz	Only an administrative fee of 300 Euros per semester	4 semesters	Mainz	420	M.Sc – Accounting and Finance
University In Kiel	No tuition fee; instead a social fee (€267) should be paid per semester for student services	2 years	Kiel	-	M.Sc – Quantitative Finance
University Of Duisburg-Essen	-	4 semester	Forsthausweg	801-1000	M.Sc in Business Administration- Energy and Finance
Philipps-Universität		2 years / 4 semesters (120 ECTS points)	Marburg	751–800	M.Sc – Quantitative Accounting and Finance

Furthermore, the total cost of studying for a Master of Finance in Germany also includes the living expenses, which can hover between 5,000 EUR and 10,000 EUR per annum, depending on your lifestyle.

Top Universities in Germany for Masters in Finance – Eligibility Criteria

Here are the eligibility criteria for the best universities in Germany for finance: 

• Undergraduate degree in finance or any other related discipline. 
• The best universities for finance in Germany usually insist on GRE scores. 
• Universities in Germany for masters in finance also require scores in English language proficiency tests like TOEFL or IELTS. 
• Top German Universities prefer applicants with a GPA above 3.0. 

Masters in Finance in Germany: Admission Process 

The admission process for a German Master's in Finance begins with the application deadline. German Universities generally open their applications in two batches, varying on the university:

• Summer Season: Applications process begins in July-August
• Winter Season: Applications process begins in December-January

In tandem with the filled-in application form, you will be required to attach the necessary documents mentioned below for the desired university. 

However, the process may vary depending on the university. Thus, it is recommended to visit the official website of the university. 

Document Requirements

You need to provide the following documents for admission to the MSc in Finance course in Germany: 

• Educational Transcripts
• Letter of Motivation 
• Updated Resume (CV)
• Proof of Language Proficiency (for example, IELTS or TOEFL for English; DSH for German)
• SOP
• Letters of Recommendation
• Germany Blocked Account
• Current Photos and Copy of Passport

Note: Evaluation of Bachelor’s certificates by uni-assist for a degree obtained in a country outside of the EU/EEA.

Language Proficiency Requirements

The mode of instruction in an array of German Universities is German. Therefore, most universities need German proficiency at a B2 level per the Common European Reference for Languages. Apart from proficiency in German, students are expected to produce English proficiency scores in IELTS or TOEFL. A score of 80 or above in TOEFL or 6.5 or above in IELTS is considered good.

Scholarships for Master of Finance in Germany

A gamut of grants and scholarships are available for international students in Germany. Usually, the scholarship is given to the students as a monthly stipend, and the amount of the stipend ranges between 850–1200 EUR per month. There are primarily three different types of MS scholarships. You can leverage one of the following scholarships to make your study abroad experience affordable. 

• Governmental Financial Aid
• University Fellowship in Germany
• Non-government Financial Aid

Let's look at the best options in each section and determine the best scholarship for MS in Germany for Indian students. 

Scholarship	Type of Scholarship	Eligibility Criteria	Amount
DAAD	Government	Germany-based full-time program with attendance requirements. Completed their bachelor's degree in the last six years. Two years of work experience.	850 EUR
The Deutschlandstipendium	Government		300 EUR
Friedrich Ebert Stiftung	Non-government	Outstanding academic records.	850 EUR/month
Konrad-Adenauer-Stiftung	Non-government	Must enroll in a master's at one of the German universities cooperating with KAS. A B2 level in German language proficiency is required.	850 EUR/month
Hamburg University of Applied Sciences		Having earned a Diploma or Bachelor's degree from a German university	300 EUR/month
Heinrich Boll Foundation Scholarship		Impressive academic performance and demonstration of social engagement	850 EUR per month + tuition fees

Jobs Opportunities After Master of Finance in Germany

If you are looking for a way to unlock a career path in finance, then a Master's in Finance is the suitable stepping stone for you. The program is a gateway to applying to renowned companies such as Deutsche Bank Group, Audi, and more. 

You can expect an average salary of up to €12,11,00 per year after completing an MSc in Finance. Here are some coveted prospective job profiles that you can look for as a finance graduate. 

Job Title	Average Base Salary (per year)
Accountant	€40,232
Financial Analyst	€49,456
Financial Advisor	€40,963
Investment Banking Analyst	€60,000
Trader	€70,000

Source: Payscale