Masters in Finance in Germany - Universities, Scholarships & more (2024)

FAQs

How can I get a full scholarship for Masters in Germany? ›

Living expenses are also relatively low in Germany, but they can still add up. The good news is that DAAD, the German Academic Exchange Service, offers a range of scholarships for international students wanting to study in Germany – including full scholarships covering all costs.

Germany is indeed one of the best countries to study for a Master's in Finance as the finance sector contributes the most to the country's economy. Moreover, completing a Master of Science in Finance in Germany will help you earn a high-paying job with an average annual salary up to 53,000 EUR(42.77 lakhs INR).

Explore options like DAAD Scholarships, Heinrich Böll Foundation Scholarships, and the Deutschlandstipendium to ease the financial burden. These scholarships provide monthly stipends ranging from 750 to 850-1200 EUR (69,742 – 98,459 INR), supporting students with their living expenses during their academic journey.

The cost of studying in Germany is free in Public Universities. However, students would be required to pay an administration fee at the start of every year/ semester. This is a negligible amount. The Germans take their education system very seriously and have everything calculated to the last cent.

At the time of the application, a level B1 certificate is necessary. Additionally, applicants are expected to have a minimum CGPA of 8.5 or 85% (or equivalent) depending on the applied degree. Now you know the DAAD scholarship for masters and bachelors eligibility requirements. Next, let's explore the…

2. Which is the easiest country to get a scholarship in? Germany, followed by France is known for being the easiest country to get scholarships.

The German grading system is quite different from the GPA system used in many other countries. It ranges from 1.0 (very good) to 5.0 (fail), with a passing grade typically being 4.0 or better.

The programme is spread over four semester (two years), with three semesters of course work and one semester to write the Master's thesis. After the first semester, students can decide whether to specialise in Actuarial Science, Financial Economics or Financial Mathematics.

How much does it cost to do a masters in finance in Germany? ›

Cost of a Master's in Finance in Germany

Tuition Fee Range: Most courses are tuition-free, with specialized programs costing up to 20,000 EUR per year.

The fully-funded international scholarship Program supports students from developing and newly industrialized countries with at least two years of professional experience in their pursuit of a postgraduate or master's degree at a state or state-recognized German university.

Scholarships for a Masters in Germany

Alternatively, you can rely on government financial support exclusively provided by the German Federal Ministry of Education and Research. You can get financing as much as €300 per month, but you would have to present an academic study achievement or at least good grades.

Eligibility Criteria for DAAD Scholarship in Germany:

A candidate must have a Bachelor's degree (usually a four-year course) in a related subject. A candidate's academic degree should normally not be more than six years old. A candidate should have at least two years of professional experience.

The fully-funded international scholarship Program 2024 supports students from developing and newly industrialized countries with at least two years of professional experience in their pursuit of a postgraduate or master's degree at a state or state-recognized German university.

Government-funded scholarships are a great resource for students looking to pursue their masters in the United States. These scholarships are typically awarded by government agencies, non-profit organizations, and other institutions with a focus on promoting education and providing financial aid to deserving students.