Updated on May, 23 2024 06:55 IST
Study Economics in Germany
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Economics in Germany is a great option for students who want to learn more about economics. Germany is an excellent destination for studying economics thanks to its advanced economic systems and top-tier educational institutions. In addition, numerous colleges in the nation offer bachelors degree programs in economics, which are intended to equip students with the knowledge and abilities necessary to pursue a career in the field. Germany also allows students to obtain an international perspective on economics and strengthen their language skills. In addition, the universities in Germany are well-renowned for their quality of teaching, presenting students with the opportunity to receive a comprehensive education and perspective about the global economy. So before you go ahead and check your eligibility for bachelors in economics in Germany, let us provide you with all the details concerning this program.
| Program | Study Economics in Germany |
| Course Duration | 3 to 5 years |
| Language of Instruction | Primarily German for Bachelors, rarely English (for private institutions) |
| Tuition Fees | Free in Public Universities |
| Living Cost in Germany | 700-1000 EUR per month |
| Other Fees | Around 50,000 EUR per annum |
| Sessions | Summer and Winter |
Here are the top 6 reasons why you should choose Germany as your destination if you want to study bachelors in economics:
Quality Education: Germany is known worldwide for its high-quality education, and studying economics at a German university is no different. This quality of education will give you an edge over your peers when applying for jobs or higher studies.
Multicultural Environment: Studying at a German university can provide you with access to not just top-notch education but also a diverse student culture with people from different backgrounds and cultures coming together to share ideas. This multicultural environment can help you gain invaluable insights that may help you in your career later on as well.
Affordable Studies: Due to the absence of tuition fees at public universities in Germany, studying here is a feasible alternative for students who want to study abroad without breaking the bank. In a way, students get to study free in Germany for bachelors in economics.
Job Opportunities: Germany has one of the strongest economies in Europe, making it an ideal place for students to find job opportunities with lucrative pay scales. International students can gain employment in the country after graduation easily with the right skill set.
Excellent Living Conditions: Although living costs may vary depending on the city you choose to live in, Germany generally offers excellent living conditions that are much better than those in other countries. This includes affordable housing, great transportation networks, and quality healthcare facilities available at an affordable cost.
Respected Degrees: German universities offer various reputable and comprehensive study programs that are recognized globally, adding more value to the degree.
Before commencing on your path to pursue a bachelor's degree in economics in Germany, make sure you meet the following requirements:
A minimum of 12 to 13 years of schooling, including high school or 10+2 level courses, is required for students applying to Geosciences in Germany.
To get admitted to geosciences in Germany, students' overall high school performance must be over 50%.
Because most German universities teach in German and others teach in English, most German institutions require students to produce verification of their progress in both German and English through examinations such as IELTS, TOEFL, TestDAF, and so on.
For entry into Germany, passports and student visas are necessary.
In their bachelor's programmes, most German institutions employ German as the major language of instruction. As a result, students in Germany pursuing a bachelor's degree in economics must take and submit grade sheets for the following tests at the time of admission:
TestDAF (Test Deutsch als Fremdsprache) qualified at the B1 level (16-18 points).
DSH (Deutsche Sprachprüfung für einen Hochschulzugang): 57% to 67% qualified (DSH 1 or 2)
Some universities also offer their bachelor's courses in English and require students to demonstrate a required level of language ability via grade sheets from tests such as IELTS with 6.5 bands or higher TOEFL with a score ranging from 90 to 100.
You have two alternatives for applying to study for a bachelor's degree in Germany. Refer to the following information to keep track of important deadlines while applying. Summer intake is a basic admission intake that permits students to begin their studies in the same academic year and runs from July through August. Winter intake, on the other hand, is a secondary intake that allows students to begin studies in the following academic year and lasts until November or August. Although this intake is more popular than the summer intake, both are given equal importance at institutions.
To ensure a smooth admissions process, gather the following documents ahead of time: To ensure a smooth and trouble-free admissions procedure, gather the following documents ahead of time:
High school transcripts: These documents show your overall grade point average in high school.
Character demonstration: This includes letters of recommendation from previous teachers, character certificates from your school attesting to your exceptional demeanour, and a statement of intent expressing why you want to study in Germany at a specific university.
Grade sheets for qualification exams: Tests like IELTS, TOEFL, TestDAF, DSH, and others.
Miscellaneous Essentials: Passport, VISA, passport-size photo, and so on are all required.
Economic Assurance Papers: These documents guarantee your strong financial condition, which is essential to fund your bachelor's degree in Germany.
Germany provides the best education at the lowest possible cost to people from all socioeconomic situations. Students at German public universities can benefit from a world-class education system while paying no tuition. Examine the following German universities and their respective bachelor's degree pricing structures:
| University | Tuition |
|---|---|
| University of Mannheim | 3,330 EUR per year |
| Ludwig Maximilian University of Munich | 130 EUR per year |
| University of Bonn | 580 EUR per year |
| Free University of Berlin | 600 EUR per year |
| University of Wuerzburg, Wurzburg | 311 EUR per year |
| University of Bremen, Bremen | Free of cost |
If you want to study for a bachelor's degree in Germany, you won't have to worry about tuition prices because there are several scholarships available at both the institution and government levels. To get the maximum rewards, consider the following scholarships for bachelor's degrees in economics in Germany:
| Name of the Scholarship | Kind of Scholarship | Amount Provided |
|---|---|---|
| Mawista Scholarship | Based on needs and merit | 500 EUR |
| Heinrich Boll Scholarships for International Students (especially for STEM fields) | Partially funded based on merit | 1000 EUR |
| Marie Curie International Incoming Fellowships (IIF) For Developing Countries | Available for 1 to 2 years based on conditions | 1250 EUR |
| Hamburg University of Applied Sciences Scholarships | Partially as well as fully funded | 400 EUR |
| Bayer Foundations | Partially as well as fully funded for up to 6 months | 10,000 EUR |
There are many renowned German universities that offer excellent programs for students wishing to study economics at the bachelors level. A few of the most famous institutions include the following:
Ludwig Maximilian University of Munich
University of Hamburg
University of Mannheim
University of Cologne
University of Bonn
Technical University of Munich
Humboldt University of Berlin
RWTH Aachen University
Heidelberg University
These universities boast highly respected faculty, state-of-the-art facilities, and a wealth of resources that provide students with a well-rounded education in economics. With so many great choices available, there is sure to be a German university that is perfect for any student's individual needs and goals.
At Anigdha, we follow a comprehensive admission procedure to ensure our clients reach their destination. Here's our detailed admission process:
First, you will connect with our consultant who will analyse your profile, understand your requirements, and guide you through various requirements and other details.
We will provide a list of universities and help you shortlist to apply for universities.
Our instructors will help you learn and prepare for the English proficiency exams.
We will help you gather information, documents, and other requirements. Later, our team will apply for universities on your behalf. We will wait for confirmation from the universities.
Once confirmation is received, we will start the process for fees, visa application, and other requirements.
If applicable, our team will also guide you through the interview.
Is economics a good career?
A career in economics is a great choice. There are a wide variety of subspecialties one might pursue within this exciting and developing industry. Moreover, economists can find work in a wide variety of fields and settings.
What are the skills required to be a good economist?
To be a good economist, one must have strong analytical skills. Furthermore, good communication skills are essential in order to clearly present ideas to others.
Is the job of an economist stressful?
Due to the demanding nature of the profession, economists often feel a great deal of pressure. In addition, being an economist can be stressful because of the expectation from peers and seniors to provide timely and reliable data around which important choices are made.
How many years does it take to complete bachelors in economics in Germany?
It generally requires a tenure of 4 years to get a bachelors degree in economics in Germany.
Are graduates in economics well-paid in Germany?
Yes, even freshers enjoy lucrative pay in Germany. You can even get a six-figure salary as your experience goes on increasing.
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