Germany is popular for its robust economy, rich culture, and high standard of living. It is a popular destination for international students seeking to pursue higher education in finance. The Master of Finance program in Germany is a sought-after degree, offering students a wide range of career opportunities. In this blog, we will explore the top college for Masters in Finance in Germany, eligibility criteria, admission process, job prospects, and salary after MBA.
Top College for Masters in Finance in Germany
Germany is home to several top-ranked universities offering Master of Finance programs. Here are some of the top college for Masters in Finance in Germany:
Technical University of Munich:
The Technical University of Munich offers a Master in Finance and Information Management, which is highly regarded for its rigorous academic standards and strong industry connections.
Free University of Berlin:
The Free University of Berlin offers an MS in Finance, Accounting and Taxation, which is known for its interdisciplinary approach to finance and its strong focus on practical applications.
Goethe University, Frankfurt:
Goethe University, Frankfurt offers an MS in Money & Finance, which is recognized for its research-oriented approach and its strong connections to the financial industry.
University of Kaiserslautern, Rhineland, Palatinate:
The University of Kaiserslautern, Rhineland, Palatinate offers an MS in Actuarial and Financial Mathematics, which is highly regarded for its strong focus on mathematical and statistical methods in finance.
Johannes Gutenberg University of Mainz:
The Johannes Gutenberg University of Mainz offers an MS in Accounting & Finance, which is recognized for its strong emphasis on accounting and financial management.
Philipps University, Marburg:
Philipps University, Marburg offers an M.Sc in Quantitative Accounting & Finance, which is highly regarded for its strong focus on quantitative methods in finance.
Eligibility Criteria
To be eligible for the top college for Masters in Finance in Germany, students typically need to meet the following criteria:
A bachelor’s degree in finance or a related field with a minimum GPA of 3.0 (83-86%) or above
Language proficiency in English, with IELTS scores of 6.5 or TOEFL scores of 80
Standardised test scores, such as GMAT (600 or above) or GRE (315)
A strong academic record and relevant work experience
Admission Process
The admission process for top college for Masters in Finance in Germany typically involves the following steps:
Application: Students need to submit their applications to the chosen university, along with all required documents, such as transcripts, test scores, and letters of recommendation.
Evaluation: The university evaluates the applications based on the eligibility criteria and the strength of the application.
Interview: Some universities may conduct interviews as part of the evaluation process.
Admission: Students who meet the eligibility criteria and have a strong application are offered admission to the program.
Job Prospects and Salary after MBA
Germany is home to a thriving financial industry, offering students a wide range of job opportunities after completing their Master of Finance program. Here are some of the top job prospects and salary ranges in Germany:
Financial Analyst: EUR 60,000 to EUR 80,000 (55.14 lakhs to 72.92 lakhs INR) per year
Marketing Manager: EUR 60,000 to EUR 80,000 (55.14 lakhs to 72.92 lakhs INR) per year
Human Resources Manager: EUR 60,000 to EUR 80,000 (55.14 lakhs to 72.92 lakhs INR) per year
Management Consultant: EUR 80,000 to EUR 100,000 (72.90 lakhs to 91.13 lakhs INR) per year
Supply Chain Manager: EUR 60,000 to EUR 80,000 (55.14 lakhs to 72.92 lakhs INR) per year
Program Duration, Tuition Fees, and Average Salary
Here is a breakdown of the program duration, tuition fees, and average salary for the top college for Masters in Finance in Germany:
Technical University of Munich: 2 years, EUR 609 (53,658 INR), average salary: EUR 89,990
Free University of Berlin: 2 years, EUR 1,252 (1.10 lakhs INR), average salary: EUR 82,491
Goethe University, Frankfurt: 2 years, EUR 1,480 (1.30 lakhs INR), average salary: EUR 105,926
University of Kaiserslautern, Rhineland, Palatinate: 2 years, EUR 1,038, average salary: EUR 82,491
Johannes Gutenberg University of Mainz: 2 years, EUR 1,304, average salary: EUR 82,491
Philipps University, Marburg: 2 years, EUR 29,200, average salary: EUR 82,491
GMAT Requirements
The GMAT score required for Master of Finance programs in Germany varies from university to university. Here are the GMAT requirements for the top colleges for Master of Finance in Germany:
Technical University of Munich: 640
Free University of Berlin: Not required
Goethe University, Frankfurt: 600
University of Kaiserslautern, Rhineland, Palatinate: Not required
Johannes Gutenberg University of Mainz: 600
Philipps University, Marburg: Not required
Conclusion
Germany offers a wide range of top colleges for Masters in Finance in Germany, each with its unique strengths and specialisations. Students seeking to pursue a Master of Finance in Germany should research the eligibility criteria, admission process, job prospects, and salary after MBA for each college to make an informed decision.