Master in Finance (MSc)

What you would need to do

In the order you must act, not the order things get published. Some steps depend on your nationality — tell us where you are from and this list gets sharper.

1. APS India minimum Class XII score of 70%Before you applyA hard academic floor applied at COUNTRY level, outside any university's own criteria. A student holding a university offer can still be refused the APS certificate, and therefore the visa. Announced 23 February 2026, effective Winter Semester 2026/27.Academic Evaluation Centre India (APS India) ↗
2. dMAT (Digital Master Test) — required for some Master's fieldsBefore you applyStandardised academic aptitude test run by APS India with g.a.s.t. Required as part of APS documentation for Master's applicants whose PREVIOUS degree is in Engineering; Commerce, Accounting, Finance or Economics; or Business and Management. Applies from the s · EUR 150APS India with g.a.s.t. ↗
3. German language proficiency (institution-set level)No national minimum level. The recognised EXAMS are standardised nationally (TestDaF and DSH), but the required level and any waiver are set by each institution.Individual higher education institutions; exams standardised nationally ↗
4. APS certificate (Akademische Prüfstelle) — IndiaVerification of academic documents issued by Indian institutions. Required for the German student visa. It does NOT replace a university's admission decision, and it can run in parallel with university applications.Academic Evaluation Centre India (APS India) ↗
5. Proof of financial resources (Finanzierungsnachweis / Sperrkonto)Applicants must prove funds for one year, commonly by depositing into a blocked account (Sperrkonto). Blocks the visa, not the university application. · EUR 11,904Federal Foreign Office / DAAD Study in Germany ↗
6. Health insurance (compulsory)Proof of health insurance is demanded at BOTH university enrolment and residence-permit application.DAAD Study in Germany ↗
7. Anmeldung (residence registration)Every international student moving to Germany must register at the residents' registration office, usually within one week. The written confirmation is needed to obtain the residence permit.Einwohnermeldeamt / Bürgeramt, then Ausländerbehörde for the permit ↗

Cost

tuition — EUR 10,100 per year (international students)DAAD International Programmes: Master in Finance (MSc) at WHU - Otto Beisheim School of Management — tuition fees as published: '10,100'Checked 2026-08-16 · daad.de

Entry requirements

• languageDAAD programme detail for Master in Finance (MSc) at WHU - Otto Beisheim School of Management — english language requirement as published: C1 required, please provide an official language certificate, e.g.: TOEFL iBT (since 2026): 5.5 TOEFL iBT (before 2026): 100 IELTS Academic: 7
• otherDAAD programme detail for Master in Finance (MSc) at WHU - Otto Beisheim School of Management — academic admission requirements as published: For the Master in Finance, applicants should have a Bachelor's degree from an accredited institution, with no more than four years of postgraduate work experience. Our admission requirements include: Bachelor's degree in a business-related field of study or with a strong quantitative background and first experience in finance-related areas Practical experience – minimum of 12 weeks of internship(s) or equivalent; 20 weeks recommended, and no more than four years of postgraduate work experience GMAT : Minimum score 555 - WHU Code: FBR-FH-93 (GMAT 10th Edition: Minimum 600) OR GRE : Minimum score 158 Verbal and 158 Quantitative - WHU Code: 7175 OR GTEBS (formerly TM-WISO): Minimum score 102 (m