Germany Finance

Bachelors of Finance in Germany

 

You are probably thinking - is it worth my time and money to take finance courses in Germany? Find out the different degrees available, what the job opportunities are, and what your salary can potentially be in this article! For those who want to work with their personal finances, a degree in finance will be the most important next step. This article is about how to get the best value for your money when pursuing a finance degree.

 

What are the costs of studying a Bachelor’s Degree in Germany?

 

Many international students consider Germany as one of the best places to study for a Bachelor's Degree. The country is renowned for its quality education and high standards of living. However, international students may not know how much time and money they will need to study in Germany. The cost of studying a bachelor's degree in Germany will depend on what institution and program you're interested in. In general, the average cost for a German university is about €7,000-€8,000 per year. This does not include living expenses or other costs such as tuition for international students.

 

Types of Job Options

 

After finishing their studies, finance graduates are typically offered opportunities with banks, consulting firms, accounting firms and many other professional service organizations. Such organizations often offer salaries that correspond to the graduate’s level of education and experience. There are three main types of German Bachelors of Finance. They include the original Master's degree, or Magister Artium Baccalaureus + a program specific degree. The second type is the Aufbaustudium which is a two-year masters that includes an internship for 3 months. Finally, there is the Diplomstudium. This is considered an alternative to traditional degrees, and it does not require any thesis work or lab experience.

 

Common German and US Curriculum

 

German bachelors of finance programs are based on the same liberal arts education that you would receive in the United States. Students spend at least six semesters immersed in areas like economics, accounting, business ethics, law and history. They also take courses in financial theory, banking and finance. In contrast, US programs take only two years to complete and focus mainly on quantitative methods. A Bachelor of Finance degree from Germany differs from those offered in the US. The most noticeable difference would be the curriculum. In Germany, students often take courses that include topics such as accounting, business law, international economics, and data communication. This is in contrast to the US where many students only take courses about finance typically focusing on investment and corporate finance.

 

Common Funding Methods in Germany

 

Many students pursuing a degree in finance in Germany use the Bachelor of Finance to obtain funding. However, it is important to note that there are many different methods used for student financial aid in Germany. Most universities require that students demonstrate need for financial aid before applying for student loans or grants. Other methods of obtaining funding include private loans, family units and other forms of income. German students pursuing a finance degree typically use two different funding paths: they will work in the student business during their undergraduate studies, or they will enter the workforce after graduation.

 

Common Courses in Finance and Economics

 

If you’re currently a bachelor or have recently graduated, you might be thinking about what your next career will be. At this point, the most likely options seem to be finance and economics. However, when speaking in terms of the practical side of things, these are two very different fields. The first discusses finance and money while the latter deals with economics and how they affect peoples lives. The courses that are offered in the German school system are quite varied, and they include a variety of topics. Some common courses include: Financial Accounting Fundamentals, Management Accounting, International Financial Reporting Standards, and Corporate Finance.

 

Salary of Entry Level Positions

 

The salary of entry level positions in Germany starts at €1,400 with a starting bonus being paid and the potential for an annual performance bonus. Salaries go up to €39,000 and the higher salaries are typically given to professionals with specific skill sets or those who have advanced their careers. Entry level positions in the field of finance can start from a monthly salary of €3,000 - €5,500. In addition to this, many employers offer additional benefits such as health insurance, group life insurance, and parking vouchers.

 

Money Matters in Germany

 

Bachelors of Finance are new for many students. Bachelors in Germany are different from the US because they have different systems, such as the apprenticeship system, which is different from an internship program. There are also many social security programs in Germany. In Germany, getting a degree in finance is actually very complicated. If you want to study finance as your main major, then you will need to apply for a bachelor's degree at the university of your choice. This is usually only available to students who have already completed their undergraduate studies, so you'll need to start by doing a master's degree and then apply for the bachelor's.

 

Conclusion

 

A lot of people worry that finance degrees are too expensive. However, a German bachelors of finance is about $4,000 cheaper than its American counterpart. The world of finance is tough and changing. You can't make the right moves without understanding what's going on. Luckily, you don't have to be a professional in order to do your homework and find the best accounting graduate school for you. When it comes to college, if you're enticed by Germany's education system in finance, then Bachelors of Finance in Germany is the place for you!