One app for all your study abroad needs
Germany has over 80 million people and a diverse range of religions, customs, and traditions that contribute to the country’s distinct culture. Germany is renowned for its long and illustrious history, which has seen it at the forefront of European ideas, politics, and art for over a thousand years. In this blog, you’ll get an insight into MBA in Finance in Germany.
Its borders include Denmark, Poland, France, Luxembourg, Belgium, the Netherlands, the Baltic Sea, and the North Sea. Furthermore, you can benefit from the fantastic transportation connections between Germany and other European countries while studying in Germany. This will enable students to visit and explore other well-known cities in Europe, enhancing their experience of studying abroad.
| Program | MBA in Finance |
| Location | Germany |
| Top Universities For MBA In Finance | Mannheim Business School, Frankfurt School of Finance and Management, and WHU-Otto Beisheim Graduate School of Management |
| Average Annual Tuition Fees | EURO 30,000 – EURO 50,000 (full-time programs) EURO 80,000 – EURO 90,000 (executive programs) The fees are not fixed and are subject to change. |
| Job Scope | Financial Analyst, Chief financial officer (CFO), Accounting manager, and investment banker to name a few. |
| Average Annual Salary After Graduation | Around EURO 77,542 per year (as per Glassdoor) |
This Blog Includes:
Why Study MBA in Finance in Germany?
Germany, a global economic powerhouse, offers a compelling environment for pursuing an MBA in Finance. Here are some key reasons why:
World-Class Education
Germany boasts several top-ranked business schools, such as the Frankfurt School of Finance & Management, WHU – Otto Beisheim School of Management, and Mannheim Business School. These institutions offer rigorous programs that blend theoretical knowledge with practical applications. Not only this, several business schools in Germany have strong ties with leading financial institutions, providing students with valuable internships and networking opportunities.
Strong Economic Foundation
Germany, particularly Frankfurt, is a major financial centre in Europe, home to numerous banks, insurance companies, and investment firms. It is often seen that a stable economy and low unemployment rate create a favourable environment for career growth.
Affordable Tuition Fees
Many public universities in Germany offer tuition-free or low-cost MBA programs, making them attractive to international students. Compared to other European countries, the cost of living in Germany is relatively affordable, especially in smaller cities.
Excellent Job Prospects
The German economy’s strength and the country’s role in the global financial landscape create a high demand for skilled finance professionals. Germany also offers favourable immigration policies for international students, including post-study work permits.
Also Read: MBA Salary in Germany: MBA Finance, HR, Marketing, Top Recruiters, and More
MBA in Finance: Course Overview
Master of Business Administration in Finance Management or MBA in Finance Management is a two-year postgraduate programme that is concerned with the management of accounts and finances of companies for them to achieve specific financial objectives. The programme gives students in-depth knowledge of pricing, asset management, risk management, financial planning, and other topics.
This course is open to students with a BBA or any other bachelor’s degree. Candidates who have completed a master’s degree in any other field of study should consider pursuing an MBA in Finance Management to advance their careers.
Finance Management is an excellent career path for students with strong financial knowledge and analytical skills, as well as those with a thorough understanding of financial models and the stock market. With its growing popularity, it is now possible to pursue it full-time, part-time, executive, and online.
MBA Finance courses cover a wide range of topics, including the cost of capital, financial planning, and financial management. Candidates learn how to apply theoretical knowledge in the real world of finance and trading during the programme.
Must Read: Aerospace Engineering in Germany
Top Universities in Germany For MBA In Finance
MBA programmes in finance colleges in Germany include Executive, Online, and International MBAs. The German business schools are renowned for offering one of the best MBA programmes in Europe. The best MBA finance colleges in Germany are as follows:
| University | Fee in EUR Annually |
| Mannheim Business School | EURO 40,500 |
| Frankfurt School of Finance and Management | EURO 38,943 |
| WHU-Otto Beisheim Graduate School of Management | EURO 39,951 |
| European School of Management & Technology (ESMT) | EURO 24,098 |
| European Business School | EURO 24,214 |
MBA in Finance in Germany: Admission Requirements
The admission process for an MBA in finance in Germany varies by university. The online application procedure and the necessary documents, however, are still the same. You need to apply for admission from the official website of the university.
Documents Required
A student who wishes to pursue an MBA in finance in Germany must submit the following documents:
- Bachelor’s degree that is recognised
- Transcripts of Undergraduate Studies
- SOP
- LOR
- Resume/CV
- English Proficiency Test score
- Working knowledge
- Financial Records
Eligibility Criteria
In Germany, there are two types of universities: public and private. Each university in Germany has its own set of prerequisites for admission to the MBA programme. In Germany, an MBA can be obtained without prior work experience, which is not the case in many other countries.
Because German colleges are not governed by a centralised authority, MBA requirements in Germany are quite diverse. The following are the general eligibility criteria:
- A bachelor’s degree in relevant fields is equivalent to a bachelor’s degree in Germany; it can be a four-year degree or a three-year degree with a one-year master’s degree.
- Valid GMAT/GRE/IELTS/TOEFL score. Exam scores are accepted differently by each university. Because most German colleges only require a valid TOEFL score, it is possible to apply for an MBA in Germany without taking the GMAT.
- Basic knowledge of the German language is required. Although most German colleges offer MBA programmes in English, having language skills is preferred.
- Working Knowledge
Cost of Living and Pursuing an MBA in Finance in Germany
Germany is one of the most cost-effective countries in Europe. You will spend about EURO 90 per month as an Indian student studying in Germany. Your yearly living expenses as an international student in Germany will be approximately EURO 10826 with this monthly spending.
Students will incur the following expenses:
| Types of Costs | Cost in EUR |
| Accommodation | EURO 400 |
| Transportation | EURO 200 |
| Study Materials | EURO 50 |
| Health Insurance | EURO 103.94 |
If you are pursuing an MBA in Germany, the expenses will vary depending on the institute you attend. The fee is currently around EURO 30K. Each university has its own set of tuition and fees. Students attending public universities that do not charge tuition must only pay a semester fee of approximately EURO 500 per semester.
Scholarships
International students who want to enrol in a German university’s MBA programme in finance benefit from scholarships because they can use them to pay all or part of their tuition. Some of the best MBA scholarships in Germany for Indian and international students are listed below:
| Scholarship | Eligibility | Amount |
| Semester Scholarships for Students of Indian Institutes of Management (IIM) | Students of IIM Ahmedabad, Bangalore, Indore, Kolkata, Kozhikode, Lucknow, or Udaipur in the second year of their postgraduate study | EURO 750 for Health, accident and liability insurance cover |
| Master’s Scholarships for Public Policy and Good Governance (PPGG) | Graduates with a strong academic record want to pursue a master’s degree in a field that is particularly relevant to their native country’s social, political, and economic growth. | EURO 750 monthly |
| Central Sector Scheme of National Overseas Scholarship | Indian students with good academic records | EURO 35956 |
| Friedrich Ebert Foundation: Scholarship for International Students | Students who have been accepted to a German Higher Education Institute and have an outstanding academic record are eligible to apply for the award. | EURO 670 |
Must Read: Top Scholarships to Study in Germany
Job Profiles and Salary
Thanks to its cutting-edge infrastructure and growing demand for Business Management professionals, Germany is a hotspot for MBA specialists. MBA finance salary in Germany is quite promising. Students can work part-time while studying. Working as a student part-time in Germany can earn you a minimum wage of EURO 9.19 per hour. This income varies according to where you live and what type of job you have. Some recruiters and pay scales are listed below:
| Job Position | Company | Annual Package |
| Consultant | Siemens | EURO 79,000 |
| Finance Manager | BMW | EURO 127,000 |
| Project Manager | Deutsche Bank | EURO 83,000 |
| MIS Executive | Porsche | EURO 85,000 |
Relevant Reads on Study in Germany
FAQs
Ans. German MBA programmes give students better exposure and prepare them for the challenges of the corporate world. Germany is one of the most sought-after MBA study destinations in the world, with cutting-edge infrastructure, world-class facilities, and no tuition fees.
Ans. Germany is regarded as the best country for studying finance due to its high-quality education and extensive programme offerings. Graduates with a degree in finance can use the skills they’ve learned in corporate finance and business firms.
Ans. MBA in Finance is just as demanding as any other MBA programme. However, because Maths and Statistics are used more frequently, some students may find it more difficult than other specialisations.
This was all about MBA in Finance in Germany. If you plan to study abroad, connect with our Leverage Edu experts at 1800 57 2000 and book a 30-minute free counselling session.
45,000+ students realised their study abroad dream with us. Take the first step today.