Master's guide: Finance in Germany

Everything you need to know about Master's Degrees in Finance in Germany

Why study a Master's in Finance in Germany

There are several reasons to choose Canada for your Project Management Master's:

  • Excellent Education: German universities offer high-quality education and are renowned for their finance programs.
  • Global Recognition: German universities are globally recognized, making your degree valuable in the international job market.
  • Affordable Tuition: Many German universities offer low or no tuition fees for international students, making it a cost-effective option compared to some other countries.
  • Employment Opportunities: Germany has a strong job market for finance professionals due to its financial industry, multinational corporations, and robust economy.
  • Post-Study Work Permit: Germany offers post-study work permits that allow international students to stay and work in Germany for up to 18 months after graduation to find a job related to their field.
  • English-Taught Programs: Many universities offer finance programs in English, making it accessible to international students.

Discover all Finance Masters in Germany

Best colleges for a Master's in Finance in Germany

When it comes to studying Finance in Germany, you want to choose the university or college that best suits your dreams and goals. To find it, check out our complete university rankings for Germany.

Finance specialisations

Within the Finance Master's program, students can choose specialisations based on their interests and career goals. Such specialisations might include:

  • Investment Banking: Dive into the world of financial transactions, mergers, and acquisitions, mastering the strategies that drive successful deals.
  • Financial Planning: Learn to guide individuals and businesses in making sound financial decisions, considering long-term goals and risk management.
  • Financial Regulation: Explore the intricate landscape of financial laws and regulations, ensuring compliance and ethical financial practices.
  • Corporate Finance: Gain insights into managing a company's financial activities, including capital budgeting and financial risk assessment.
  • Risk Management: Understand how to identify, assess, and mitigate financial risks that businesses face in a volatile market.

These specialisations empowers you with focused knowledge, positioning you as a skilled professional in your chosen finance field, ready to excel in a competitive job market.

What will you learn in a Master's in Finance in Germany?

In this program, you will delve into a wide range of subjects related to finance. Key subjects include:

  • Financial Markets: Explore how financial markets operate and impact the economy.
  • Corporate Finance: Learn about financial management within companies, including investment decisions and capital structure.
  • Financial Analysis: Master techniques to analyze financial statements and assess the financial health of businesses.
  • International Finance: Understand how financial transactions and policies function in the global arena.
  • Risk Management: Explore strategies to identify and manage financial risks in various contexts.

Cost of a Master's in Finance in Germany

The Masters in Finance programs in Germany can be very affordable for both EEA and international students.

For EEA Students:

  • Tuition Fee Range: Most courses are tuition-free, with specialized programs costing up to 20,000 EUR per year.
  • Free options: Germany offers free tuition fees for both national/ EEA and International students at most public universities.

For International Students:

  • Tuition Fee Range: Like EEA students, most courses are also tuition-free, with fees ranging up to 20,000 EUR per year.
  • Free options: Germany offers free tuition fees for both national/ EEA and International students at most public universities.

Germany's commitment to accessible education, low tuition fees, and financial aid opportunities make it an appealing choice for aspiring finance professionals. By considering the tuition fee ranges and averages, international students can embark on an affordable and rewarding academic journey in Germany, preparing for a successful career in finance.

Scholarships for Finance in Germany

Scholarships are a great option to make your Project Management Master's more affordable. Find Finance scholarships in Germany on our Scholarship search page.

Admission requirements for a Master's in Finance in Germany

To pursue a Master's in Finance in Germany, consider these key admission requirements:

  • Educational Background: Hold a relevant Bachelor's degree in finance, economics, or a related field.
  • Academic Transcripts: Submit official transcripts from previous institutions.
  • Language Proficiency: Demonstrate proficiency in the language of instruction (usually English) with recognized test scores.
  • Statement of Purpose: Write a compelling statement outlining your motivations and career goals.
  • Letters of Recommendation: Obtain strong references from academic advisors, professors, or employers.
  • Entrance Exams (if applicable): Some programs may require specific entrance exams.
  • Relevant Skills and Experience: Highlight any finance-related skills or work experience.

Be mindful of application deadlines and review specific requirements for each university. Germany's welcoming academic environment offers global opportunities for students aspiring to excel in finance.

Required documents for a Master's in Finance in Germany

For international students planning to study in Germany, specific documents are required based on their nationality and the duration of their stay:

Entering Germany without a visa:

  • Citizens of EU countries, Iceland, Liechtenstein, Norway, and Switzerland need a valid ID card to enter.
  • Students from countries like Australia, Canada, the USA, etc., can enter without a visa but might require a residence permit for stays exceeding three months.

Entering Germany with a visa:

  • Some countries' students must obtain a visa from German embassies/consulates in their home countries.

Necessary documents may include:

  • A valid passport
  • Proof of health insurance
  • Evidence of sufficient funds
  • Academic records and language proficiency
  • An acceptance letter from a higher education institution (for student visa)
  • Specific requirements for prospective student visas if awaiting acceptance

Applying early is crucial as visa processing can be time-consuming. Remember, a tourist visa cannot be converted into a student visa later. Ensure you have the right documents for a seamless study experience in Germany.

Is it worth studying Finance in Germany?

With an average entry-level starting salary of €50,000 per year, pursuing a Master's in Finance in Germany can be a lucrative choice. Salary prospects may vary based on factors like university reputation, specialization, location, and experience.

Germany's commitment to accessible education further adds to its appeal. For both EEA and international students, most courses are tuition-free, making it an affordable option. By leveraging the advantages of studying in Germany, you can prepare for a successful career in the finance industry.

Learn more about studying in Germany

Learn more about studying Finance


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