Updated on May, 23 2024 06:55 IST
MS in Finance Auditing, Controlling and Taxation in Germany
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MS in Finance Auditing, Controlling, and Taxation in Germany could open doors to excellent career opportunities. It is a field of study that covers a wide range of topics. Financial management deals with the planning and oversight of an organization's financial resources. This includes the development of financial plans, the preparation of financial statements, and the management of cash flow. Auditing is the process of examining an organization's financial records to ensure accuracy and compliance with applicable laws and regulations. Controlling is the process of monitoring and regulating an organization's financial activities. This article will provide an overview of what this program entails and why it is such an attractive option for those seeking to pursue a career in the finance industry. Read on to learn more about scholarships, admission for MS in finance auditing controlling taxation (FACT) in Germany and job opportunities after completing your MS degree.
| Program | MS in Finance Auditing, Controlling and Taxation |
| Course duration | 2 years |
| Language of Instruction | English |
| Tuition Fees | Free |
| Living cost in Germany | 1000 EUR per month |
| Sessions | 2 - Summer and Winter |
If you are looking for a world-class education in finance, auditing, controlling, and taxation (FACT), then Germany is the place for you. Here are just a few of the benefits of studying masters in finance auditing controlling taxation (FACT) in Germany:
Excellent facilities: Germany has some of the best facilities for teaching finance, auditing, controlling, and taxation. This is due in part to the country's long history in this area, as well as its world-class universities.
Advanced research: Germany is home to some of the world's leading experts in finance, auditing, controlling, and taxation. This means that you will be able to learn from some of the best minds in the field.
Strong job market: Germany has a strong job market for finance, auditing, controlling, and taxation professionals. This is due in part to the country's well-developed economy and its highly-skilled workforce.
Low tuition rates: Tuition rates in Germany are low compared to other countries. Therefore one can afford high-quality education without having to sacrifice too much money. One can practically study free in Germany.
Easy access to research resources: Germany has a wealth of research resources available to students. This means that you will be able to find the information that you need easily and without having to spend a lot of time searching for it.
Excellent networking opportunities: Germany is a great place to network for finance, auditing, controlling, and taxation (FACT) professionals. This is due to the country's active financial sector and the strong bond between academia and the business world.
Thinking of getting admission to Germany for your MS? Check your eligibility with the following list of requirements -
10th and +2 Passing certificates must be produced at the time of application.
Students from the +2 science batch are also eligible for applications.
A 3-year or 4-year bachelor’s degree is mandatory.
Admission requires a CGPA of 7 or 70%. Students with a CGPA of 8 or higher are eligible for admission to premier universities.
IELTS OR TOEFL certification is necessary for admissions. You need to get 90-100 on TOEFL or 6.5-7 bands on IELTS in order to prove your English proficiency.
In the case of German, you need to have a C1 level certification to prove your proficiency.
A GRE score of a minimum of 318 is required in some places.
Well-written LORs and SOPs will make your applications stand out.
The language of instruction in German universities is English mostly. Some of them also have German as a language of instruction.
In order to prove your proficiency, you need to secure 90-100 in TOEFL.
In case you are appearing for IELTS, your score needs to be between 6.5-7 bands.
If a proficiency certificate is needed for German, make sure it is C1 level.
There are two major study sessions in German universities. They are commonly known as intakes.
Winter intake - It is the more popular choice among students. In order to get admission in the winter intake, you need to finish the application in July-August.
Summer intake - Summer intake has its application deadline in January.
While it is rare that the dates might change, we still recommend you to keep checking the university websites for any announcement.
Here is a list of documents you will need to produce at the time of application. Having these correct documents will make the work easier for you and half the application process will be already done.
Marksheet and leaving certificate of your schooling
Marksheet of your 3-4 years bachelors degree
Leaving certificate of bachelor's degree
Proof of enrollment
CV
Experience certificate if required
LORs and SOPs
TOEFL or IELTS certification as mentioned
Certificate of proficiency in German proof
A copy of your application
GRE Score Certificate, if asked for
Passport
Health Certificate
Age proof
Statement of your financial history
Here is the list of top colleges and their fees structure for Masters in Finance Auditing Controlling, Taxation (FACT) in Germany.
| University | Fee |
|---|---|
| Ludwig Maximilian University of Munich | EUR 200 per semester |
| Technical University of Munich | EUR 72-102 per semester |
| Frankfurt School of Finance & Management | EUR 3000 per semester |
| Berlin School of Economics and Law | EUR 300 per semester |
There are several scholarships and financial aid options available to students who wish to study in Germany. Be sure to check your eligibility for MS in finance, auditing, controlling, taxation (FACT) in Germany before applying for scholarships.
Some of the most popular scholarships are:
DAAD Scholarship Germany
Erasmus Scholarship Programs in Germany
Heinrich Boll Scholarships for International Students
Bayer Foundations
Konrad-Adenauer-Stiftung (KAS) Scholarships
The Friedrich Ebert Stiftung
Mawista Scholarship
Germany is home to some of the world's top universities, which offer excellent programs in finance. Public universities offer free study in Germany for finance, auditing, controlling, taxation (FACT) courses.
Here are some of the most popular universities for FACT courses in Germany:
Ludwig Maximilian University of Munich:
Technical University of Munich
Frankfurt School of Finance & Management
Berlin School of Economics and Law.
When you sit and start your application process, it is understandable that you might get bothered by how taxing it all looks. Our team at Anigdha is here for that very purpose - to make everything as easy as possible for you.
Once you contact us, we will help you shortlist the right universities before you start with the application process.
After that, we can get started on LORs, SOPs and collecting other necessary documents.
Once you are done with your application filling, our panel will check it and make sure there are no mistakes. You can then pay the application fee.
Once you secure admission, the university will send you an invitation letter.
Using this invitation letter, you can apply for a Student Visa. After that, you can start other preparations such as flight tickets, accommodation, scholarships, student loans, and other similar concerns.
Anigdha will be there with you at every step, even after you have settled down in Germany and seem to face any trouble.
Is it difficult to study masters in Finance, Auditing Controlling, Taxation (FACT) in Germany?
No, studying for a MS in finance auditing, controlling, taxation (FACT) in Germany is easy and it gives you theoretical as well as practical lessons.
What is the salary after an MS in Germany in Finance Auditing Controlling, Taxation (FACT)?
The average salary you can expect after completing a MS in finance auditing, controlling, taxation (FACT) in Germany is around 60,000 EUR per year.
Which of the industries has a high demand for MS in Finance Auditing Controlling, Taxation (FACT) graduates?
The industries that have the highest demand for employees with a MS in finance auditing controlling, taxation (FACT) are banking and financial services, accounting and auditing, law, and consulting.
What are the skills you require to study MS in Finance Auditing Controlling, Taxation (FACT) in Germany?
The skills you need to study for a MS in finance auditing, controlling, taxation (FACT) in Germany include strong analytical and problem-solving skills, as well as knowledge of financial accounting, management, and taxation.
What subjects are involved in MS in Finance Auditing Controlling, Taxation (FACT)?
The subjects covered in a MS in finance auditing controlling taxation (FACT) in Germany include accounting, auditing, financial accounting, taxation, and management.
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