MS in Economics in Germany

Overview

The MS in Economics program in Germany is a 2-year master's degree designed for students seeking advanced analytical and quantitative skills in economics. Germany is home to many prestigious universities offering the program, which attracts students from around the world.

With over 25% of economists in Germany holding a master's degree, an MS in Economics can significantly boost career prospects, particularly in areas such as economic research, data analysis, policy advisory, and consultancy.

Why Study MS in Economics in Germany?

• Top-ranked Universities: Study at world-renowned institutions like Ludwig Maximilian University of Munich, Heidelberg University, and RWTH Aachen University.
• Public Universities: Many public universities in Germany do not charge tuition fees, making it an attractive study destination.
• Strong Job Market: Germany boasts the 4th best graduate starting salary in Europe at €44,562.
• Low Unemployment: The country has the 2nd lowest unemployment rate in the EU at just 3.4%.
• Salary Growth: Economists in Germany see a 16% salary increase after 5 years of experience.

MS in Economics: Program Details

Program Duration

• 2 Years

Tuition Fees

Public universities typically charge no tuition fees. However, students must pay a semester fee ranging from €265 to €6,703 annually, depending on the university and program.

Top Universities Offering MS in Economics

Specialisations in MS in Economics

Students pursuing MS in Economics in Germany can choose from various specialisations, including:

• Econometrics: Advanced quantitative techniques for economic modeling and data analysis.
• Microeconomics: Study of market structures, competition, consumer behavior, and income distribution.
• Macroeconomics: Understanding economic aggregates such as inflation, GDP, and employment rates.
• Financial Economics: Focus on domestic and international financial markets, financial decision-making.
• International Economics: Explore global trade, commercial trade policies, and their economic impacts.

Other Topics:

• Monetary Economics
• Game Theory
• Industrial Economics
• Development Economics
• Quantitative Techniques

Admission Requirements

Eligibility

• Bachelor's Degree in Economics or a related field from a recognized institution.
• GRE (for non-EU students) with a score of 320 or above.
• English Proficiency (TOEFL 90 or IELTS 6.0).
• German Language proficiency (CEFR Level A1) within one year of enrollment.

Documents Required

• CV/Resume
• Letter of Motivation (max 500 words)
• Letters of Recommendation (2 from academic professors)
• Academic Essay (up to 10 pages)
• English Proficiency Certificate (TOEFL/IELTS)
• APS Certificate (for students from China, Vietnam, Mongolia)
• Copy of Passport
• University Entrance Qualification

Application Process

• Apply Online: Submit documents to the university or via uni-assist.
• Wait for Admission Response: If accepted, proceed to visa application.
• Visa Application: Submit documents (Visa Letter, Medical Insurance, Blocked Account) and attend an interview if required.
• Visa Approval: Once approved, submit fees and prepare for your journey to Germany.

MS in Economics: Career Opportunities

Graduates of the MS in Economics program can find job opportunities in various sectors:

Cost of Studying MS in Economics in Germany

Pre-arrival Costs

Tuition Fees

Most public universities charge no tuition fees. However, students must pay a semester fee ranging from €265 to €6,703 annually.

Cost of Living

On average, students spend around €850 per month on living expenses, including rent, food, transportation, and leisure activities.

Scholarships for MS in Economics in Germany

Non-Government Scholarships

• Heinrich Boll Scholarship
• MASTA Scholarship
• Friedrich Ebert Foundation Scholarship
• British Council IELTS Award (€12,121.52)

Government-funded Scholarships

• DAAD Scholarships
• Erasmus+ Program (EU-based funding for international students)

Advantages for Candidates

• Work Contract & Employment in German health facilities.
• Local Support for candidates until settlement.
• Eligibility for Permanent Residency (PR) after 5 years.
• Spouse Visa: Eligible for spouse work permits.
• Free Education for self & family members after settlement.

We provide the following facilities
in India as well as in Germany

• Invitation letter
• Accommodation assistance
• City registration
• Visa renewal
• DTH service
• Bank assistance (Block account)
• Pre & Post-departure training
• Local support
• Insurance assistance
• Admission documentation
• VFS application
• Statement of purpose preparation
• Letter of recommendation preparation
• Affidavit preparation
• Air pick up in Germany
• Visa documentation

We have our agency and person in Germany who are ready to assist you on 27 x 7 basis as local support

Interesting facts about Germany

• Public Universities charge zero tuition fees
• 18 months stay back facilities
• Schengen Visa
• Part time job permission
• 4th largest economy in the world
• Easiest way to get PR
• Paid internship
• Huge job opportunities
• World class standard of education
• Strong emphasis on research and innovation in economics
• Excellent career prospects for economics graduates
• High-quality research institutions and economic think tanks