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Introduction: Masters in Finance in Germany
A Masters in Finance in Germany provides a comprehensive education for finance graduates person aiming to advance their careers in the finance domain. A vibrant economic environment is one of the reasons why Germany’s master’s program is a popular choice among students from all over the world.
Frankfurt is the financial hub of not only of Germany but of the whole of Europe. It is home to over 280 banks, 7800 financial service companies, investment firms, auditing companies, and financial consulting services. A city like Frankfurt is the dream destination for every financial professional.
In this blog, we will discuss details of courses offered by Hochschule Coburg, Hochschule Osnabrück, University of Ulm, Hochschule für Wirtschaft und Umwelt (HfWU), Technische Hochschule Augsburg University. A major insight into studying in German-speaking countries will also be provided at the end of this blog.
Top 5 Best University for Masters in Finance in Germany
1. Hochschule Coburg
Hochschule Coburg is a public university founded in 1971. It offers a practice-based program not only for masters but also for bachelor’s degrees. Hochschule Coburg University is distributed across two campuses.
Hochschule Coburg Course Details
| Category | Details |
|---|---|
| Name of University | Hochschule Coburg |
| Name of Course | Financial Management (MBA) |
| Number of Semester | 4 |
| Language | English |
| Intake | Winter Semester |
| Location | Coburg |
Hochschule Coburg Admission process & eligibility criteria
- Admission Requirements: Administration, Commerce, or Economics (min. grade of 2.5 on the German scale or a 2.5 GPA on a four-point scale).
- Work Experience: At least two years of full-time work experience, preferably in commerce. Non-business degree holders require a minimum of one year of practical experience in commerce out of two years.
- English Proficiency: Proficiency in English demonstrated through TOEFL, IELTS, or PTE test results. Minimum scores required: TOEFL (PB 550, IB 80), IELTS (6.5 or UNIcert® II), PTE Academic (53).
How to Apply for the Hochschule Coburg?
- Complete the online application and upload required documents.
- Submit an online application on Uni-assist and assemble necessary materials for evaluation.
- Participate in an initial selection interview, usually conducted digitally via Zoom.
- Successful applicants may be invited to a final interview also conducted via Zoom.
- Confirmation: Successful applicants must present original certificates and documents upon arrival in Germany to confirm enrollment in the MBA program.
For Direct Application (Apply Here)
Document required for Hochschule Coburg
- Resume (CV)
- Motivation Letter
- Bachelor’s degree (< 2.5 GPA)
- Letter of Recommendation (if available)
- Copy of Passport
- Proof of English language Proficiency
Hochschule Coburg Application Deadline, Fees and University Ranking
| Category | Details |
|---|---|
| Application Deadline | Summer Term: 31 January | Winter Term: 15th August |
| Fees | 3450 EUR/ Semester |
| University Ranking |
2. Hochschule Osnabrück
Hochschule Osnabrück is a public university founded in 1971 in Osnabrück. Hochschule Osnabrück university offers over 100 bachelor’s and master’s programs and is located in the two locations, Westerberg and Lingen.
Hochschule Osnabrück Admission Process & Eligibility Criteria
- Application Form: Fill in all required fields in the online application form. (Apply Here)
- Cover Sheet: Use the provided form as a cover sheet for your application.
- Photograph: Recent photo (not older than 3 months), digitalized in good quality.
- Curriculum Vitae (CV): In the English language, Tabular format.
- The CV must include sections for education, work experience, internships, work and study experience abroad, volunteering experience, and scholarships.
- English Language Certificate(s): Submit if not a native speaker. Test results mustn’t be older than three years at the start of Master’s studies. (Link)
- German Language Certificate(s): Submit if not a native speaker. Test results mustn’t be older than three years at the start of Master’s studies. (Link)
- Proof of Higher Education: Include high school graduation certificate, final Bachelor graduation certificate(s), including:
- Bachelor certificate
- Diploma supplement
- Transcript of records
- Proof of study periods abroad (if applicable)
- Foreign Degrees: Translated into English or German, showing the minimum and maximum scores in the institution’s grading system, as well as your own average score.
- Applicants from Certain Countries: Provide APS certificate for authenticity check.
- Note for Applicants from Specific Countries: Clarify recognition of university degrees according to country-specific guidelines.
How to Apply for the Hochschule Osnabrück?
You can directly apply to HS Osnabrück. (Apply Here)
Document required for Hochschule Osnabrück
- Curriculum Vitae (CV): In English language, Tabular format
- Motivation Letter
- Bachelor’s certificate (Transcript of records)
- English Language Certificate(s)
- German Language Certificate(s)
- Work and internship certificates, employer’s reference letters
Additional Documents:
- Scholarship certificates (e.g., DAAD)
- Certificates of relevant periods and work abroad
- Work and internship certificates, employer’s reference letters
- Certificates of voluntary work
You will find the list of all documents in the above section. (Admission Process & Eligibility Criteria)
Hochschule Osnabrück Application Deadline, Fees and University Ranking
| Category | Details |
|---|---|
| Application Deadline | February 1 - April 15 |
| Fees | Approx. 350 EUR/ Semester |
| University Ranking |
3. University of Ulm
The University of Ulm is a public university founded in 1967. Ulm University is one of the youngest universities in Germany. The idea to open the university was to introduce a new approach in both teaching and research. World-famous companies like BMW, Nokia, and Siemens have research centers at this university.
University of Ulm Course Details
For those pursuing a Masters in Finance in Germany, the University of Ulm offers comprehensive courses that combine theoretical knowledge with practical applications, tailored to meet the demands of the financial industry.
| Category | Details |
|---|---|
| Name of University | University of Ulm |
| Name of Course | Master in Finance |
| Number of Semester | 4 |
| Language | English |
| Intake | Winter Semester |
| Location | Ulm |
University of Ulm Admission Process & Eligibility Criteria
Bachelor’s Degree Documents:
- Diploma (certificate) with final grade.
- Transcript of records with credit points.
- Diploma Supplement if available.
- If degree not completed: provisional transcript with total credit points earned and provisional average grade.
- English Language Proficiency: Proof of proficiency is required.
- Motivation Letter: English, maximum two pages.
- Curriculum Vitae: Tabular format, supported by certificates and documents.
How to Apply for the University of Ulm?
To apply for the Masters in Finance in Germany at the University of Ulm, follow these steps:
Ensure you meet all eligibility criteria.
Gather all required documents, including language proficiency certificates and your bachelor’s degree documents.
Submit your application through the university’s Uni-assist application portal.
| Category | Details |
|---|---|
| How to apply? | Uni-Assist |
Document required for University of Ulm
- Bachelor’s Degree
- CV
- Motivational Letter
- English Language proficiency
- APS certificate or confirmation for degrees from China, India, or Vietnam.
- The grading scale for foreign degrees (should be in GPA Format).
- Official translation if documents are not in German or English.
- Proof of higher education entrance qualification for non-EU applicants with German “Abitur.”
University of Ulm Application Deadline, Fees, and University Ranking
| Category | Details |
|---|---|
| Application Deadline | 1st Feb till 15th March |
| Fees | 1500 EUR/ Semester |
| University Ranking |
4. Hochschule für Wirtschaft und Umwelt (HfWU)
Nuertingen-Geislingen University, known as Hochschule für Wirtschaft und Umwelt (HfWU), is a public university in Germany founded in 1949. “Education for Responsibility” is the mission of this university. It offers a master’s course in economics, environment design, and therapy. Nuertingen-Geislingen (HfWU) University is fully committed to sustainable development.
Hochschule für Wirtschaft und Umwelt (HfWU) Course Details
HfWU offers a Masters in Finance in Germany program, which is designed to equip students with the skills necessary for the financial sector.
| Category | Details |
|---|---|
| Name of University | Hochschule für Wirtschaft und Umwelt (HfWU) |
| Name of Course | International Finance |
| Number of Semester | 3 |
| Language | English |
| Intake | Winter Semester |
| Location | Nürtingen |
Hochschule für Wirtschaft und Umwelt (HfWU) Admission Process & Eligibility Criteria
Degree Requirement:
- Proof of degree in Business, Business Law, Economics, or Management from a German or foreign institute of higher education.
- Motivation Letter: Declaration of study motivation, max. 2 pages, in German or English.
- Curriculum Vitae: Personal details, education, and work experience (optional).
- Original Certificate of the “Akademische Prüfstelle des Kulturreferates der Deutschen Botschaft” (APS).
English Proficiency:
- B2 level proficiency according to CEFR.
- Accepted proofs include TOEFL, IELTS, Cambridge English exams, APIEL, TOEIC, or equivalent.
- First degree from a program conducted entirely in English also accepted.
How to Apply for the Hochschule für Wirtschaft und Umwelt (HfWU)?
Step 1: Register on Selma
- The application portal opens from the end of March 2024 until June 1st, 2024.
Step 2: Upload Documents
- Upload necessary documents to Selma (e.g., bachelor certificate, proof of English proficiency, motivation letter).
- International applicants must first have their former degree recognized by the Studienkolleg Konstanz.
Step 3: Complete Application
- Ensure completion of the application in Selma by the deadline of June 1st, 2024
Document required for Hochschule für Wirtschaft und Umwelt (HfWU)
- CV
- Motivation Letter
- Letter of Recommendation (optional)
- Bachelor’s Degree transcripts
- English proficiency
- Work experience Certificate (optional)
- APS Certificate
Hochschule für Wirtschaft und Umwelt (HfWU) Application Deadline, Fees and University Ranking
| Category | Course Details |
|---|---|
| Application Deadline | Till 1st June |
| Fees | 1500 EUR/ Semester |
| University Ranking |
5. Technische Hochschule Augsburg
Augsburg University of Applied Sciences, known as Technische Hochschule Augsburg, is a public university founded in 1971. This university is divided into five main areas: business, design, social work, computer science, and technology. Augsburg University offers a bachelor’s programs, master’s programs, dual study, and other training programs. Further, we will discuss about the course details and fee structure of MS in Finance at TH Augsburg.
Technische Hochschule Augsburg Course Details
| Category | Details |
|---|---|
| Name of University | Technische Hochschule Augsburg |
| Name of Course | International Business and Finance |
| Number of Semester | 3 |
| Language | English |
| Intake | Winter Semester |
| Location | Augsburg |
Technische Hochschule Augsburg Admission Process & Eligibility Criteria
Please Enquire directly with the university for specific details.
How to Apply for the Technische Hochschule Augsburg?
Please Enquire directly with the university for specific details.
Document required for Technische Hochschule Augsburg
- CV
- Motivation Letter
- Letter of Recommendation (optional)
- Bachelor’s Degree transcripts
- English proficiency
- Work experience Certificate (optional)
- APS Certificate
Technische Hochschule Augsburg Application Deadline, Fees and University Ranking
| Categrory | Details |
|---|---|
| Application Deadline | Please Enquire |
| Fees | 150.63 Euro/ Semester |
| University Ranking |
Job Opportunity after Masters in Finance in Germany
A Masters in Finance in Germany will significantly boost your career. You can expect an annual salary of around 51,132€ to 90,720€ per year after completing the program. There is not only one career path after completion of this program. This program opens the door for many jobs such as financial managers, personal finance advisers, and financial sales agents.
If you are worried about the different program and their salary structure, then let me clarify that the salary is the same for all programs including MSc, MA, MLM, and MBA.
If your career goal is to pursue a M.Sc. or MA, then go to a public university. On the flip side for MLM and MBA programs, private universities have the best facilities.
Future Scope after Masters in Finance in Germany
Germany also emphasizes the industry revolution 4.0 and the decentralized finance world, which is the future of finance. You don’t have to worry about the future of the finance world, there are many opportunities to connect with industry experts during events in Frankfurt, sponsored by major financial institutions.
We would like to encourage you to visit Frankfurt during the master’s program so that you can build some valuable connections with industry experts, which will be very beneficial for you later on. There are so many events that are sponsored by the big financial institutions in Frankfurt.
Conclusion
For education, Germany is the go-to destination. Germany also has a premier destination for education, especially for master’s programs.
The major insight of studying in a German-speaking country is they also focus on key skills required to be better in the career. The ability to think strategically, plan proactively, and stay focused is important for finance professionals. You will be able to gain all this practical experience at a German university.
A master’s degree in finance opens doors to a leadership career not only in Germany but in the whole Europe. Making fast-paced decisions requires finance professionals to be analytical and understand qualitative data. Become the leader of a German finance university. Please let me know if you found this blog helpful.
Until Next Time, Keep Counting💸