Germany is a popular destination for international students pursuing a Master's in Finance (MS) degree. The country offers a unique blend of academic excellence, a thriving job market, and a high standard of living. For those interested in finance, Germany provides a plethora of opportunities to kickstart their careers. In this blog, we will delve into the average salary after MS in Finance in Germany, exploring the various factors that influence it and the job prospects available to graduates.
Average Salary After MS in Finance in Germany
The average salary for MS in Finance graduates in Germany varies depending on factors such as location, industry, and job role. According to recent data, the average base pay for MS in Finance graduates in Germany ranges between €59,000 to €90,000 per annum. This is significantly higher than the average salary for MS graduates in other fields, which typically ranges from €40,000 to €70,000.
Top Companies Offering Salaries After MS in Finance in Germany
Several top companies in Germany offer competitive salaries to MS in Finance graduates. These companies include:
Amazon: Finance Manager - €97,011
Procter & Gamble: Finance Manager - €76,385
Deutsche Gesellschaft für Internationale Zusammenarbeit: Finance Manager - €80,328
Rocket Internet: Finance Manager - €58,000
Siemens: Finance Manager - €89,306
Deutsche Bank: Finance Manager - €91,467
Salary According to Specializations for MS in Finance
Salary after MS in Finance in Germany can expect varying salaries based on their specializations. Some of the highest-paying specializations include:
Investment Banking: €70,000 to €90,000
Corporate Finance: €60,000 to €80,000
Financial Consulting: €65,000 to €85,000
Risk Management: €60,000 to €80,000
Private Equity and Venture Capital: €70,000 to €90,000
Financial Technology: €65,000 to €85,000
Best Cities for Jobs After MS in Finance in Germany
Germany offers a diverse array of job opportunities across various cities. Some of the best cities for MS in Finance graduates include:
Berlin: SAP, Siemens, Amazon, Deutsche Bank
Frankfurt: Deloitte, Accenture, PwC, Deutsche Bahn
Munich: Intel Corporation, Microsoft, Airbus, BMW
Hamburg: Procter & Gamble, Deloitte, Accenture, PwC
Stuttgart: IBM, Deloitte, Capgemini, Mercedes-Benz
Cologne: Microsoft, KPMG, Bayer, Ford Motor Company
Factors Influencing Salary After MS in Finance in Germany
Several factors influence the salary after MS in Finance in Germany. These include:
Location: Cities like Berlin, Frankfurt, and Munich offer higher salaries compared to smaller cities.
Industry: Finance and banking sectors typically offer higher salaries than other industries.
Job Role: Senior roles such as Finance Manager and Director of Finance command higher salaries.
Specialization: Specializations like Investment Banking and Private Equity and Venture Capital often result in higher salaries.
Salary for MFin Graduates in Germany Compare to Other European Countries
The salary for MFin graduates in Germany is generally higher compared to other European countries. Here's a comparison:
In Germany, MFin graduates can expect an average base pay ranging between €59,000 to €90,000 per annum. This is significantly higher than the average salary for MS graduates in other fields in Germany, which typically ranges from €40,000 to €70,000.
In the UK, the average salary for MFin graduates is around £63,251 at Oxford University. At London Business School (LBS), the average salary is £120,200.
In France, the average salary for MFin graduates is not as high as in Germany or the UK. Salaries tend to be lower compared to other European countries.
In Switzerland, MFin graduates can expect competitive salaries, especially in financial hubs like Zurich. However, the cost of living is also higher in Switzerland compared to Germany.
In the Netherlands, MFin graduates can find job opportunities in cities like Amsterdam and Rotterdam. Salaries are generally lower than in Germany but higher than in some other European countries.
Conclusion
Pursuing a Master's in Finance in Germany offers a multitude of benefits, including competitive salaries, a thriving job market, and a high standard of living. With a range of top companies offering salary after MS in Finance in Germany from €58,000 to €97,011, MS in Finance graduates in Germany can expect a promising career. By understanding the factors influencing salary and the job prospects available, students can make informed decisions about their academic and professional paths.
