Updated on May, 23 2024 06:55 IST
MS in Economics Sciences in Germany
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MS in Economics Sciences in Germany teaches students how to deal with societal problems along with policy issues. Students pursuing this curriculum are taught about analytics and the application of practice and policy. For any professional field of Economics, it's important that students have rigorous thinking ability and critical thinking abilities. Students pursuing this course are taught about four main specialisations that they can take. These include Competition and Regulation, Health Economics, energy, and Monetary Policy. The two-year program is focused on helping students develop an interest by gaining analytical and quantitative training. As a student of MS of economic sciences one of the most predominant subjects in your course curriculum would be mathematics. Moreover the curriculum would focus on various aspects regarding the operation and regulations of both national and international markets. The main objective of this course is to equip students with the financial knowledge and monetary sense that would help them make sound economic decisions. By pursuing this degree you would be equipped with the knowledge regarding various financial aspects such as debt, trade regulations, transfer of wealth, and the tips, techniques and practices that one must employ to positively impact finances. Therefore, if finance is something that you find intriguing then this course might be the one for you. If you are looking to get admission to MS in Economic Sciences in Germany, then the following writeup can be of much help.
| Program | MS in Economics Sciences |
| Course duration | 2 years |
| Language of Instruction | English |
| Tuition Fees | Free |
| Living cost in Germany | 1000 EUR per month |
| Sessions | 2 - Summer and Winter |
Germany is an education hub for international students pursuing a free study in Germany for Masters in Economic Sciences due to its prestigious and high-ranking institutions, renowned universities curriculum, and research centres. Here are six reasons to consider studying in Germany.
Quality Education: Germany is known for its top-notch education system, which offers quality programs and rigorous academic standards. Students get a chance to study in top colleges in Germany that rank among the best in the world.
Diversity: Germany is a multicultural country that welcomes students from all over the world. By studying in Germany, you will get to experience a different culture and meet people from diverse backgrounds.
Affordable Tuition: Students can reap the benefit to study free in public universities in Germany by paying just the administrative charges to the institution. This is very appealing to overseas students.
Industrial Experience: German universities work in close collaboration with German industries. This helps students get opportunities to secure high-paying jobs and amazing internships.
Low Living Cost: One of the most affordable countries in Europe, Germany boasts of its affordable, yet luxurious lifestyle. Students can easily live well with an 800 EUR budget in Germany.
Stability: Germany is stable both economically and financially. Therefore, the job market is spectacular in the country and students from every field have a chance to secure a high-paying job.
If you want to pursue a MS degree in economic sciences at a German university, make sure you complete the following requirements:
Students must show proof of their education in the form of 10th and +2 diplomas. Students who majored in science in secondary school are eligible for a MS degree in finance.
Students must have at least 13 years of schooling and 3 to 4 years of bachelors degree to enrol in a MS programme. A MS degree is available to students who have a bachelor's degree or education equivalent to three years of bachelor's degree.
Students must have a CGPA of 7 or 70% to be eligible for a MS degree in Germany. Admission to extremely competitive top universities requires a minimum CGPA of 8.5.
Students must take the IELTS (International English Language Testing System) or TOEFL (Test of English as a Foreign Language) exam to demonstrate advanced English proficiency. A minimum IELTS score of 6.5-7 bands or a TOEFL score of 90-100 is required for German colleges.
German proficiency at the C1 level is required (optional).
Some universities accept a GRE with a minimum score of 318 or above.
The majority of German institutions that offer masters programmes in economic sciences teach in English, which entails passing exams like the IELTS with a band score of 6.5 to 7 or the IELTS with a score of 90 to 100. Several German colleges need C1 German language proficiency, which is uncommon.
The application process for students wishing to pursue a MS degree in economic sciences at German universities occurs twice a year. The exact date will vary depending on the university, but the general timeframe for MS degree admission to German universities is as follows:
September intake: The inflow begins in April and continues until mid-July. This is Germany's first round of university admissions, sometimes known as the summer intake.
Intake in March: This intake begins in late October and lasts until mid-January. Students who were unable to enrol in the primary cycle for whatever reason and will begin their degree in the spring are eligible for winter admission.
The presence of all essential documents is critical to gaining admission to your preferred German university for a MS degree in economic sciences. Obtain the relevant documentation before applying to a German institution:
A current passport
A certified copy of your high school diploma (10+2), including a breakdown of all subjects studied and grades for each.
A recent passport-sized photo duplicate
If an institution requests it, transcripts of English and German ability test grades will be provided.
Exam transcripts, such as the GRE, with a score of 318 or higher.
A well-completed university application
Recommendation letters from former teachers
A statement of purpose stating why you wish to study economic sciences at the MS level in Germany.
International students pursuing a masters degree in economic sciences can attend most German public universities for free. This varies according to the university. Examine the MS in economic sciences courses and associated costs at the following universities to learn more about them.
| University | Fee Structure |
|---|---|
| Ludwig Maximilian University of Munich | 22,000 EUR per year |
| Heidelberg University | 14,000 EUR per year |
| Humboldt University of Berlin | 300,000 EUR per year |
| University of Freiberg | 120,000 EUR per year |
| University of Tuebingen | 120,000 EUR per year |
You can pay your tuition expenses in a variety of ways, including government-level and university-level scholarships, as well as independent scholarships that help you cover your academic fees while in Germany. Consider some of the various scholarships available in Germany for MS degrees in economic sciences:
| Name of the Scholarship | Type of Scholarship | Source |
|---|---|---|
| Konrad-Adenauer-Stiftung (KAS) Scholarships | Fully Funded | Non-Governmental Organisation |
| Bayer Foundations | Fully and partially funded based on merit | Non-Governmental Organisation |
| Marie Curie International Incoming Fellowships (IIF) For Developing Countries | Valid for 1 or 2 years based on conditions | Non-Governmental Organisation |
| Hamburg University of Applied Sciences Scholarships | Partially as well as fully funded | German University |
Germany is recognized worldwide for its premium quality education, and its universities are highly respected in the field of economic sciences. As a result, Germany has become a popular destination for international students seeking to pursue study free in Germany. Some universities that offer amazing courses are:
Ludwig Maximilian University of Munich
University of Bonn
Goethe University Frankfurt
Humboldt University of Berlin
University of Mannheim
University of Cologne
Free University of Berlin
Technical University of Munich
University of Hamburg
Heidelberg University
Applying to a foreign university might be challenging if you do not receive proper advice along the way. Anigdha is a group of expert career counsellors with years of admissions and study abroad experience. You will enjoy the following advantages by collaborating with us:
To assist you in applying to the best universities, our career consultants will conduct thorough research on all likely universities that meet your needs and have the resources you require.
We will ensure that you fulfil all the requirements for eligibility and assist you in providing the necessary documentation.
Subsequently, our highly skilled professionals will assist you in accurately completing the application form for many institutions and customising it to meet each university's needs. To complete the application procedure, you must pay the application cost.
After that, you'll need to either take the university's entrance exam or provide documentation of your national exam results showing your qualification for the field. You could be required to attend an interview if you meet the requirements. We'll aid you in getting ready for each.
German colleges also require proof of your English language skills. As a result, our experts also assist you in getting ready for prerequisite tests like the TOEFL, TestDAF, and IELTS.
If the institution chooses to accept your application, you will receive a response at the mail address you registered with. We'll assist you with any remaining formalities.
Our assistance doesn't stop here. Additionally, we will support you in your search for lodging inside the nation and many other things.
Is MS in Economics a difficult course?
The coursework is a little challenging as it requires people who are not only good critical thinkers but also have the ability to analyse a problem thoroughly and solve it in the quickest way possible.
What is the age criterion to study MS in economic sciences in Germany?
As such there is no specific age criterion to get an education in Germany. There are colleges that take students up to 34 years of age for their Masters programs.
Can International students work while pursuing MS in economic sciences in Germany?
Definitely. International students can work for 120 full days or 240 half days while simultaneously pursuing a course in Germany.
Is the coursework taught in English for MS in economic sciences?
Yes, many German universities offer MS courses in English. Being proficient in German is not mandatory to pursue MS in economic sciences in Germany.
Can students avail of scholarships in Germany?
The government offers various aid, financial grants, and scholarships that help students during their coursework. These scholarships are available to students and as per the scholarship, the percentage of the fee is covered.
Who can apply for an MS in economic sciences in Germany?
Yes, non-economic major students who show their talent related to the subject can apply for the course.
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