Master of Finance in Germany is offered as a Master of Science (MSc) program from 1 1.5 years to 2 years.  The specialisation of this course could focus on international finance, mathematics and finance, quantitative finance, accounting and finance and so on. 

This course will provide students with specialised knowledge and skills focused in areas like-

• Corporate Finance
• Business and Financial Analysis
• Capitals Market
• Derivatives and Alternative Investments
• Quantitative Finance and Financial Markets
• Mergers and Acquisitions and Private Equity
• Financial Management
• Research Methodology

The salary after graduation ranges between EURO 40,000 to 80,000 in entry-level positions. 

Why study for a Master of Finance in Germany?

• Leading universities
• Lower tuition fees
• Less competitive entry requirements
• Many universities offer masters in finance in Germany in English. 
• In some universities like Hochschule Für Wirtschaft und Recht Berlin, you can study master's in finance in Germany for free. 

Top Universities for Master of Finance in Germany 

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Master of Finance in Germany: Tuition Fees

Cost of studying Master of Finance in Germany for international students. 

Masters in Finance in Germany Requirements

Application Checklist

General documents need to apply for Masters in Finance program in Germany

• Academic documents of prior education (+2 and Bachelor transcript, character and provisional certificates)
• Proof of German or English Language Proficiency
• Application fees
• Form for Grade Calculation 
• GRE/ GMAT Scores
• Letter of Motivation
• Letter of Experience
• Complete and Current Résumé
• Letter of Recommendation
• Passport

University Specific Requirement

ULM University

• Course Name: Master in Finance (MSc)
• Course Duration: 4 semesters
• Cut-off English Test Score: 
• IELTS: Overall 6.5, minimum 6.0
• TOEFL IBT: Overall 88
• TOEFL CBT: Overall 230
• TOEFL PBT: Overall 570
• Academic Requirements: Applicants must complete a Bachelor's degree in mathematics, commerce, business, accounting, statistics, finance or other quantitative disciplines with a minimum of 2.5 GPA.

Berlin School of Business & Innovation

• Course Name: MSc Finance & Investment
• Course Duration: 3 semesters (18 months)
• Cut-off English Test Score: 
• IELTS: Overall 6.0, minimum 5.5
• TOEFL IBT: Overall 80, minimum 17 in listening and writing, 18 in reading and 20 in speaking
• PTE: Overall 56, minimum 51 in each band
• Duolingo: Overall 105
• Academic Requirements: Applicants must complete a Bachelor's degree in relevant areas. Applicants with a minimum of 3 years of management experience will be considered regardless of their educational background. 

WHO Otto Beisheim School of Management

• Course Name: Master of Science in Finance 
• Course Duration: 17 months or 21 months
• Cut-off English Test Score: 
• IELTS: Overall 7.0
• TOEFL IBT: Overall 100
• Academic Requirements: Applicants must complete a Bachelor's degree in finance-related areas with at least 180 ECTS.

EBS University/ EBS Business School

• Course Name: MSc in Finance
• Course Duration: 16 or 20 months
• Cut-off English Test Score: 
• IELTS: Overall 7.0
• TOEFL IBT: Overall 90
• Academic Requirements: Applicants must complete a Bachelor's degree in finance-related areas with at least 180 ECTS.
• At Least 8 weeks of experience 
• Valid GRE/ GMAT Scores

CBS International Business School

• Course Name: Master in Global Finance
• Course Duration: 4 semesters
• Cut-off English Test Score: 
• IELTS: Overall 7.0
• Academic Requirements: Applicants must complete a Bachelor's degree in finance-related areas with a minimum GPA of 2.75.
• Valid GRE/ GMAT Scores

Hochschule Für Wirtschaft und Recht Berlin

• Course Name: Master in International Finance
• Course Duration: 3 semesters without internship and 4 semesters with internship
• Cut-off English Test Score: 
• IELTS: Overall 6.0
• TOEFL: Overall 83
• Academic Requirements: Applicants must complete a Bachelor's degree in related business studies.
• Valid GRE/ GMAT Scores (a minimum of 600 in GMAT)

Technical University of Munich

• Course Name: Masters in Mathematical Finance and Actuarial Science
• Course Duration: 4 semesters
• Cut-off English Test Score: 
• IELTS: Overall 6.5, minimum 6.0
• TOEFL: Overall 88
• Academic Requirements: Applicants must complete a Bachelor's degree in finance or commerce with a minimum GPA of 2.75.

Frankfurt School of Finance and Management

• Course Name: Masters in Mathematical Finance and Actuarial Science
• Course Duration: 4 semesters
• Cut-off English Test Score: 
• IELTS: Overall 7.0
• TOEFL: Overall 90
• Academic Requirements: Applicants must complete a Bachelor's degree in finance or commerce with a minimum of 180 ECTS.
• Valid GRE/ GMAT Scores

Scholarships

Even though the tuition fees for education in Germany are already lower than in most other countries (Sometimes, it is even free), it still offers various scholarships to international students through government and non-government scholarships. 

Some of the most popular scholarships offered by Germany are 

1. DAAD Scholarship
2. Student Project Grant
3. RWTH International Academy Women in Engineering Scholarship
4. Development-Related Postgraduate Courses (EPOS) Scholarship
5. UDE scholarship
6. High Potential Student Grant
7. Surplace Funding for Master Degree Programme
8. Friedrich Ebert Foundation Scholarship
9. German Language Merit Scholarship
10. ESCP Scholarships: 10 to 50% tuition fees waiver

Among these scholarships, DAAD is Germany's most popular scholarship for graduate students. The value of the DAAD Scholarship is a monthly award of EUR 850,00 for Master's students and EUR 1.200,00 for PhD students (beginning in September 2018).

This scholarship may also cover health insurance, travel allowance. 

To be eligible for DAAD Scholarship in Germany, applicants must fulfil the following criteria: 

• Apply to graduate programs in Germany
• A minimum of 2 years of post-study work experience in the relevant field. 
• A Minimum of 6.0 in IELTS, 550 in TOEFL Paper-based, 213 in TOEFL Computer-based and 80 in Internet-based. 
• Hand-signed CV
• Confirmation of employment and Professional Letter of Recommendation from employer
• German Language ability for programs in the German language.

Other Scholarships:

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Scope of Finance in Germany after Master's Degree

 Professional opportunities after completing a Master of Finance in Germany are found in any company where mathematical finance expertise is in demand, such as risk management or portfolio theory, as well as in actuarial science. 

You can work in several positions: auditor, tax advisor or financial controller.

Some of the leading recruiters for finance graduates include leading German banks like Deutsche Bank, European headquarters of international companies, investment banks like J.P. Morgan and Morgan Stanley, and international consulting firms like McKinsey & Company or BCG.

Jobs and salaries after completing a Master of Finance (According to Salary Explorer) in Germany: