How can TUM’s M.Sc. Finance and Information Management (FIM) program enhance job opportunities and incomes for students planning to stay in Germany after graduation? If not, what other courses do you recommend for better career prospects in Germany?
This question was asked by Gauransh Luthra inquiring about the career prospects of the TUM M.Sc. Finance and Information Management program in Germany and seeking alternatives for better opportunities in the country.
The Technische Universität München (TUM) offers a Masters in Finance and Information Management (FIM) that provides comprehensive skills and bridges the fields of financial management, financial mathematics, and information management. This program is designed to equip students with the necessary knowledge and skills to excel in top-level jobs at successful German companies.
However, please note that exams at TUM are challenging, with significant time pressure often preventing students from answering all questions. Typically, there is only one final exam for each course, testing everything studied throughout the semester. Despite these challenges, the average salary after graduating from MIM in Germany is €50,000 per year, which can vary based on factors such as field of work, experience level, and specialization. For instance, Graduate Trainees in Germany earn an average salary of €60,000 per year, with additional cash compensation ranging from €3,189 to €8,233.
So, if you’re considering working in Germany post-graduation, it’s crucial to apply for a post-study residence permit, comply with all German rules, secure a job, and apply for a Blue Card. However, finding a job isn’t as straightforward as this list suggests.
If you’re seeking alternative courses that offer better career opportunities in Germany, vocational training programs could be a viable option. These programs qualify you for approximately 330 different jobs and typically last between one and three-and-a-half years.
Alternatively, you could consider studying in fields that are highly demanded in Germany. These include dentistry, medicine, law, industrial engineering, natural sciences, IT, data science, cyber security, business management, mathematics, computer science, architecture, economics, and more. For instance, individuals with degrees in business and economics earn roughly €65,404 per year, while those with earth science degrees earn around €53,713 per year.