Germany is one of the highly considered countries for studying finance. This is because of the high quality of education and the affordable education that Germany offers. Generally, Germany is one of the preferred destinations of study for both domestic and international students. Studying finance in Germany will give you in-depth knowledge in all areas of finance. You will understand financial basics and other related subjects such as macro and microeconomics, accounting, and statistics. Additionally, you will have access to the financial market in Germany which will give you practical knowledge that will refine your skills in finance.

However, the benefits that come with studying in Germany make the admission process highly competitive. You must meet the eligibility criteria and fulfil all the requirements before you can gain admission in Germany. Therefore, you need to prepare for your applications early and stay updated on the university’s admission requirements before you make your application.

This piece contains the list of the basic admissions requirements and the processes that are needed for studying finance in Germany.

Requirements for Studying Finance in Germany

  1. Academic Qualifications

    You need to have a high school leaving certificate that is equivalent to a German certificate. Additionally, you need to make sure that your certificate is eligible and equivalent to the German certificate. You should also have good grades in subjects such as mathematics, economics and business. However, if your certificate is not eligible, you need to attend the Studienkolleg (one-year preparatory course) and sit for the Feststellungsprüfung Exam.

  2. Submit Academic Proficiency

    You need to submit your academic transcripts during your application. Generally, your transcripts should contain all the courses you studied as well as the grades.

  3. German Language Proficiency

    The major language of instruction for most universities in Germany is German. Therefore, you need to be familiar with the German language to be able to learn in those schools. You need to write tests such as TestDaf Level 4, Goethe Institute Certificate Level C2 and DSH German Language Examination Level 2 or 3.

  4. English Language Proficiency

    If you are applying to universities that use English as their language of instruction, you need to submit a certificate of English Language. Therefore, you need to show proof of your English proficiency. You can submit tests such as IELTS or TOEFL.

  5. Have a Bachelor’s Degree

    You must have a bachelor’s degree before you can study master’s in finance in Germany. This bachelor’s degree must be a 4-year program from a recognised university. Additionally, this bachelor’s degree must be in a business administration field or a related field. You can have a bachelor’s degree in fields such as finance, commerce or business. Additionally, you must submit your academic transcript showing all the grades and courses you offered.

  6. Entrance Examination

    Some universities might require you to sit for an entrance examination as a requirement for obtaining admission. However, this is common for those applying for postgraduate degrees. You may be required to write tests such as GMAT or GRE.

  7. Motivation letter

    You need to submit a motivation letter while making your application. This essay should contain areas such as how your previous education is important to the one you are applying to. Additionally, you should include your future goals and the reason for deciding to study finance in Germany.

  8. Resume/CV

    You need to submit an updated resume or curriculum vitae showcasing your work experience. Additionally, you can add your professional certifications if you have any

  9. Student Visa

    International students require a German Student Visa to study finance in Germany. Therefore, you need to apply for your visa three months in advance to have a smoother process.

How to Apply

You can apply to study finance in Germany by applying to the university of your choice. However, International students should apply through Uni-Assist for verification before applying to the university of their choice. Additionally, EU students can submit their application through the Foundation for University Admission.

Duration

The duration of studying finance in Germany depends on the degree you are applying to. The bachelor’s degree takes three to four years of full-time study to complete. Additionally, A master’s degree in finance in Germany takes one to two years of full-time study.

Tuition Fee

The cost of studying finance in Germany is relatively low. Most public universities in Germany have zero tuition fees, except in Baden-Württemberg where students pay approximately €1,500 per year. However, students are expected to pay a semester fee of €200 per semester. Additionally, private universities pay about €20,000 per year.

Universities in Germany that Offer Finance

  1. Goethe University of Frankfurt am Main, Hesse
  2. University of Hamburg, Hamburg State
  3. Technical University of Munich, Bavaria
  4. University of Bonn, North Rhine-Westphalia
  5. University of Munich, Bavaria
  6. RWTH Aachen University, North Rhine-Westphalia
  7. University of Mannheim, Baden-Wurttemberg
  8. Karlsruhe Institute of Technology, Baden-Wurttemberg
  9. University of Cologne, North Rhine-Westphalia
  10. Free University of Berlin, Brandenburg
  11. Humboldt University of Berlin, Brandenburg
  12. Heidelberg University – Germany, Baden-Wurttemberg
  13. Technical University of Berlin, Brandenburg
  14. University of Tubingen, Baden-Wurttemberg
  15. University of Munster, North Rhine-Westphalia
  16. Darmstadt University of Technology, Hesse
  17. Johannes Gutenberg University Mainz, Rhineland-Palatinate
  18. TU Dortmund University, North Rhine-Westphalia
  19. Dresden University of Technology, Saxony
  20. Leibniz University of Hanover, Lower Saxony
  21. Kiel University, Schleswig-Holstein
  22. University of Bielefeld, North Rhine-Westphalia
  23. University of Konstanz, North Rhine-Westphalia
  24. Friedrich Schiller University of Jena, Thuringia
  25. University of Wurzburg, Bavaria
  26. Braunschweig University of Technology, Lower Saxony
  27. University of Ulm, Baden-Wurttemberg
  28. University of Banking of Frankfurt, Hesse
  29. Saarland University, Saarland
  30. University of Bayreuth, Bavaria

In Conclusion, the requirements listed above are the general requirements for studying finance in Germany. However, each university might have additional requirements which they expect students to meet before they are granted admission. Therefore, you should make sure that you verify each university’s requirements properly before submitting your application. Additionally, you need to confirm the language of instruction for the university before you submit your application. You can reach out for further inquiries and assistance.

Good luck!

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