Masters in Economics in Germany

Study Economics in Germany

If you are looking for a master’s in economics, Germany is a great option. The high quality of education available, combined with free tuition fees at public universities, makes it an attractive destination when looking for opportunities to study your economics master's abroad. University of Mannheim, LMU Munich, University of Bonn and Technical University of Munich all rank in the Top 100 of the Times Higher Education World Rankings for Economics. Other great economics departments are located at Technical University of Dortmund, Graduate School of Economic & Social Sciences (GESS), University of Mannheim, Berlin School of Economics (BSE), Ruhr Graduate School in Economics (RGS Econ), University of Cologne or Bonn Graduate School of Economics.

The German educational system balances theory and practice, offering students plentiful hands-on experience mixed with lectures and classroom time. Whether you are interested in earning your Master’s degree in English, German or a combination of the two, you have many programs to choose from. With both MSc Economics and MA Economics degrees available, get a solid training in microeconomics, macroeconomics and econometrics, learn German and enjoy international atmosphere in cities like Berlin, Frankfurt, Munich or Hamburg.

Key Information

• Academic year: October – July
• Course length: 2 years (4 semesters)
• Type of degrees: Master of Science (M.Sc.), Master of Arts (M.A.)
• Fees: free at public universities (you only need to pay a small administration fee of €100-€250), between €30,000 and €40,000/year at private universities
• Scholarships: DAAD Scholarship, Erasmus, scholarships from German universities
• Living costs: €800 – €1000 (Munich, Frankfurt, Stuttgart, and Heidelberg most expensive)
• Average starting salary: €42,000 for economists with masters (INOMICS Salary Report)