Master of Quantitative Finance

Kiel University
Quantitative Finance
Masters
Public
Germany

Course Details

Category	Details
Time
Campus	Kiel
Duration	2
Deadline-Date
Fee Per Year
Application Fee
Currency	euro
Intake Link
Deadline Link
Intakes	April
Program language requirement	English Proficiency (Program is English-taught): IELTS: 6.5 (no band <6.0) TOEFL iBT: 90 C1 Advanced (CAE) German Skills: Not mandatory but recommended (A1 for daily life)

Who can Choose this program?

Bachelor’s Degree (4-year) in: Finance Financial Mathematics Economics (with quantitative focus) Mathematics/Statistics Physics/Engineering (with finance coursework) From HEC-recognized university

Additional Information

Category	Details
Scope of the program
Program entry requirement	Bachelor's Degree (4-year/16-year education)
Required GPA	German 2.5 GPA equivalent (~70% in Pakistani system)
GRE Required
GMAT Required
Application Process	1. Register for an Online Application Portal: Start by creating an account on the Uni-Assist portal or the specific university's application portal, depending on where you're applying. This gives you access to the application form and allows you to track your progress. 2. Start the Application Process: After registration, begin filling out the online application form. You can apply to multiple universities and programs through Uni-Assist or directly if the university has its own system. 3. Complete the Application Form: Provide accurate and complete information, including personal details, academic background, choice of study program, and previous qualifications. Double-check for errors before submitting. 4. Upload Required Documents: Submit all required documents through the portal. These typically include:  Academic Transcripts: Official copies of your school-leaving certificates, bachelor's degrees, and mark sheets (with certified German or English translations).  Language Proficiency Test Scores: 1. For English-taught programs: IELTS/TOEFL 2. For German-taught programs: TestDaF, DSH, or Goethe-Zertifikat  CV or Resume: Updated and formatted in Europass style (recommended).  Statement of Purpose/Motivation Letter: Describe your academic goals, program interest, and why you wish to study in Germany.  Letters of Recommendation: Usually 1–2 academic references from previous professors or employers, submitted as PDFs.  Passport Copy: A clear copy of your valid passport. 5. Pay the Application Fee: For Uni-Assist, the standard fee is €75 for the first university and €30 for each additional university. Payments are made online via bank transfer or credit card. 6. Submit Your Application: After completing all sections and uploading documents, submit your application before the deadline. You will receive confirmation of submission and updates via email. 7. Wait for the Admission Decision: Universities may take 4–12 weeks to review your application. Once accepted, you’ll receive an admission letter, which is required for your visa application.
Available Scholarships	https://studyabroadupdates.com/category/study-in-germany/
Program accreditation
Living expenses	Living in Germany is relatively affordable compared to other Western European countries, especially for students. Here’s a breakdown of typical monthly expenses: Accommodation  Shared flats or student dorms are the most budget-friendly.  Rent varies by city and location.  Average cost: €300 to €600/month Transportation  Most universities include a semester ticket that offers unlimited local travel.  If not included, monthly passes are still reasonably priced.  Average cost: €30 to €50/month Health Insurance  Mandatory for all students in Germany.  Public student health insurance is the most common option.  Average cost: €110 to €120/month
Visa Process Details	Germany Student Visa (National Visa – Type D) International students must apply for a long-term national visa before entering Germany to pursue full-time academic studies. Required Documents:  A valid passport (minimum 6-month validity)  A letter of admission from a recognized German university  Proof of financial resources, typically via a blocked account showing at least €11,208/year (2025 requirement)  Health insurance coverage valid in Germany  Academic transcripts and certificates of previous education  Completed visa application form and payment of the application fee (€75)
Part timework	International students in Germany are legally allowed to work part-time while studying, which helps cover living expenses and gain valuable work experience. Work Limitations:  120 full days OR 240 half days per year  No work restrictions during official semester breaks  Must inform and sometimes get permission from the Federal Employment Agency Common Part-Time Jobs:  A research assistant or student assistant at university  An english tutor or freelance translator  The café or restaurant staff  Customer support or data entry roles  Delivery rider or cashier
Post-study work opportunity	After graduating from a German university, you can apply for an 18-month residence permit to search for a job related to your degree. This permit is called the "Residence Permit for Jobseekers" (Aufenthaltserlaubnis für Arbeitsplatzsuche). You must apply before your student visa expires.

What is the admission requirement for the Master's in Quantitative Finance at Kiel University?

The admission requirement includes a Bachelor's Degree (4-year/16-year education) in fields such as Finance, Financial Mathematics, Economics (with quantitative focus), Mathematics/Statistics, or Physics/Engineering (with finance coursework) from an HEC-recognized university. A German GPA equivalent of 2.5 (~70% in the Pakistani system) is also required.

Is there an application fee for the Master's program in Quantitative Finance?

No, there is no application fee required for this program at Kiel University.

What is the required English proficiency score for admission?

The required English proficiency score for the program is an IELTS score of 6.5, with no band below 6.0.

Can international students work while studying in Germany?

Yes, international students in Germany are allowed to work part-time while studying. They can work 120 full days or 240 half days per year, with no restrictions during official semester breaks.

What options are available for post-study work after completing the Master's program?

After graduating, you can apply for an 18-month residence permit called the "Residence Permit for Jobseekers" to search for a job related to your degree. You must apply for this permit before your student visa expires.