Accounting in Germany: Top Universities, Courses, Eligibility, and Scholarships

Germany has emerged as a popular destination for international students seeking high-quality education at affordable costs, particularly in fields like accounting. Renowned for its robust economy and strong focus on research and innovation, Germany offers a diverse range of accounting programs at both the undergraduate and graduate levels. Public universities, which are highly regarded, generally charge minimal semester fees (around €200-€700 per year) rather than tuition fees, making Germany a very attractive option. Students should, however, budget for living expenses, which can range from approximately €9,000 to €16,000 per year, depending on the city and lifestyle.

This guide provides a comprehensive overview of studying accounting in Germany, covering top universities like the University of Mannheim, Ludwig-Maximilians-Universität München (LMU Munich), and Goethe University Frankfurt, available courses, eligibility criteria, scholarship opportunities, estimated costs of studying and living, and other essential information to help you navigate your academic journey. From the historically established institutions to the modern, globally-focused universities, Germany provides a stimulating environment for aspiring accounting professionals. Whether you’re interested in financial accounting, auditing, taxation, or management accounting, this guide will equip you with the knowledge you need to make informed decisions about your study in Germany.

Discipline	Accounting
Qualifications offered	BSc, MSc, PhD
Top Universities	Arden University, Study Center Berlin; IU International University of Applied Sciences; University of Cologne; Lancaster University Leipzig; University of Mannheim
Course Duration	1.5-3 years
Tuition Fees	Free – EUR 16,515.50 per year
Career Scope	Accountant, Auditor, Financial Analyst, Financial Adviser, Chief Financial Officer

Why Study Accounting in Germany? 

Studying in Germany exposes you to a wide range of career opportunities in Germany and across the globe. Here are some of the main reasons why you should study accounting in Germany:

High Demand for Accountants: Germany is a strong economic centre in Europe, with a high demand for skilled accounting professionals across numerous industries and sectors. 

Top-Notch Universities: Various world-class universities in Germany offer accounting courses. Studying at this institution positions you for a bright and secure future. 

No German Proficiency Required: Many accounting programs are offered in English. So, you don’t have to worry about being proficient in Germany. 

Also Read: German Visa Interview Questions: How to Answer & Tips

Top Universities for Accounting in Germany

Numerous prestigious universities in Germany offer accounting programs. See below the top universities and courses for accounting in Germany, along with their tuition fees: 

University	Course Offered	Annual Tuition Fees	Duration
Arden University, Study Center Berlin	BSc (Hons) Accounting and Finance	EUR 10,509.86	3 Years
IU International University of Applied Sciences	Finance and Accounting (On-Campus)	EUR 10,026.41	1½ years
University of Cologne	MSc Business Administration-Accounting and Taxation	Free	2 Years
Lancaster University Leipzig	BSc in (Hons) Accounting and Finance	EUR 16,515.50	3 Years
University of Mannheim	PhD in Accounting	Free	3 Years

Eligibility Criteria for Accounting in Germany

While the eligibility criteria vary as per the program and university, the general admission criteria remain the same. Here are the eligibility requirements for accounting in Germany: 

• The student needs to have a minimum score of 6 on IELTS and 80 on TOEFL IBT
• You must have completed your class 12 when applying for an undergraduate program and a bachelor’s degree when applying for a postgraduate degree. 
• Moreover, you need to submit the following documents:

Also Read: MBBS in Germany- Study Medicine with No Tuition Fees!

Application Process for Accounting in Germany

The application process to pursue accounting in Germany can become a bit confusing. Fortunately, Leverage Edu is here to assist you in your entire application process in the following ways: 

• You can utilise our AI Course Finder to search for the program you want to enroll in. 
• After that, our experts will commence the application process for the program and university of your choice. 
• Your application needs to have certain important documents like IELTS, SOPs, essays, LORs, and TOEFL. So, make sure that you collect and prepare them. 
• The Leverage Edu team will begin your application for housing, scholarships, and student loans after you complete your application. 
• Then, just wait to receive your offer letter, which you usually get within 4-6 weeks. 

Documents Required

While applying, students need to submit the following documents:

1. CV,
2. Proof of Language Proficiency,
3. Copy of Valid Passport, 
4. Student Visa,
5. Motivation Letter, 
6. SOPs and LORs, and
7. University Admission Letter

Cost of Studying for Accounting in Germany

Studying accounting in Germany can be quite affordable, especially when compared to other popular study destinations. Here’s a breakdown of the costs involved for Indian students:

Cost Category	Public University (per year)	Private University (per year)
Tuition Fees	€200 – €700 (semester fees)	€10,000 – €20,000

Scholarships for Accounting in Germany

You’re looking for scholarship opportunities to fund your accounting studies in Germany. Here’s a table outlining some key scholarships available to Indian students, along with information about their coverage:

Scholarship Name	Coverage
DAAD Scholarships (Various programs)	Varies widely; can cover tuition fees, living expenses, travel costs, health insurance, etc.
Deutschlandstipendium	€300 per month for one year (funded by public and private sources)
Erasmus+ (If your university has a partnership)	Varies; can cover living expenses, travel costs
University-Specific Scholarships	Varies; can range from partial tuition waivers to full scholarships covering tuition and living costs
The Heinrich Böll Foundation Scholarship	Covers tuition fees (if applicable) and provides a monthly stipend for living expenses
Konrad-Adenauer-Stiftung (KAS) Scholarships	Covers tuition fees (if applicable) and provides a monthly stipend for living expenses
Friedrich Ebert Stiftung (FES) Scholarships	Covers tuition fees (if applicable) and provides a monthly stipend for living expenses

Cost of living for Accounting in Germany

Here’s a table detailing the cost of living for Indian students pursuing accounting studies in Germany:

Expense Category	Estimated Monthly Cost (€)
Accommodation
Student Dorms	€250 – €400
Shared Flats (WG)	€300 – €500
Private Apartments	€400 – €800+
Food
Groceries & Cooking	€200 – €400
Eating Out	€10 – €20 per meal
Health Insurance	€100 – €150
Transportation
Public Transport	€50 – €100
Bicycle	One-time purchase
Utilities
Electricity, Water, Internet	€100 – €150
Personal Expenses
Phone, Internet, Clothing, Entertainment	€100 – €200+
Books & Supplies	€30 – €50
Total Estimated Monthly Cost	€730 – €1350+

Job Opportunities After Accounting in Germany

After completing an accounting degree from Germany, you get endless employment opportunities in Germany and across the world. Accountants are the backbone of any company in terms of its financial aspects. Moreover, these professionals enjoy a very high salary and great career progression. 

Here are the top job profiles you can assume, along with their average salary after studying accounting in Germany: 

Job Profile	Average Annual Salary
Accountant	EUR 65,800
Auditor	EUR 64,000
Financial Analyst	EUR 66,000
Financial Adviser	EUR 50,000
Chief Financial Officer	EUR 131,473

FAQs

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