M.Sc. Economics and Finance
The 2008 crisis originating in the financial sector had severe consequences for economies and societies worldwide. It is therefore of the utmost importance that decision makers in financial institutions, regulatory offices, and central banks have a sound understanding of economic theory, the financial instruments designed for risk management, and the tools of modern econometric analysis. Consequently, the M.Sc. in Economics and Finance combines the strenghts of our school in economics, finance and econometrics to endow our graduates with the skills needed to address these issues.
Graduating from our program, you will be able to analyze financial and economic data in a scientific manner using econometric and statistical software packages (Matlab, GAUSS, SAS, Stata). You will know how prices of risky assets should be determined and understand why financial instruments like options and futures can increase social welfare, even though they may involve potential risks for individual investors and financial stability.
Throughout the program, you will acquire methodological skills (theoretical, econometric and programming) and expertise that greatly enhance your career perspectives. A M.Sc. in Economics and Finance is the first step towards an ambitious professional career in private and public (financial) institutions or academia.
Key Facts
4 Semester Program
Courses start in October
120 ECTS Credits
incl. Master Thesis (30 ECTS credits)
English
Course Language
What do our students say?
Areas of Specialization
- Quantitative Finance and Economics
- Econometrics, Statistics, and Machine Learning
- Monetary Macroeconomics and Financial Economics
- Asset Pricing and Financial Derivatives
- Corporate Finance
- Banking and Financial Intermediation
Curriculum
| Modules / Areas | ECTS credits | |
|---|---|---|
| Core Studies Economics | 9 |
27 |
| Core Studies Finance | 9 | |
| Core Studies Econometrics | 9 | |
| Specialization Studies Economics | 9 | 27 |
| Specialization Studies Finance | 9 | |
| Specialization Studies Econometrics | 9 | |
| Elective Studies | 27 | |
| Advanced Topics | 9 | |
| Master Thesis | 30 |
Ph.D. Track
Graduates will also find themselves well-positioned to pursue a Ph.D. subsequent to this M.Sc. program. For this purpose, students may study this M.Sc. program on a Ph.D. track, putting themselves on a fast track to a doctoral degree.
Module Handbook
For more detailed information about the modules, please see the Module Handbook.
Application
Deadline:
Applications will be accepted between March 1 and May 15 via our application portal.
Bachelor Degree Requirements
Bachelor Degree Certificate in Business Administration, Economics or related fields with a final grade of at least 2.5 or better according to the German grading system. (The final grades of international applicants will be converted into the German grading system and therefore also be subject to this rule).
- Degree should preferably amount to 180 ECTS.
- A certificate stating that the applicant has successfully completed a first university degree or a certificate (or equivalent documents) providing evidence of the successful completion of at least the year prior to his/her final examination in the equivalent studies.
Complete Transcript of Records with a final grade or calculated grade average. Transcripts of Records containing generic module titles (such as Economics I, II and III) should be accompanied by detailed module descriptions. The transcript should prove that the applicant has solid intermediate knowledge in
- Microeconomics,
- Macroeconomics,
- Finance and
- Quantitative Methods (Mathematics / Statistics / Econometrics)
CV
CV in tabular format in English or German
Letter of Motivation
Please provide us with a letter of motivation explaining your reasons for applying for this degree and outlining your qualifications for it. Kindly limit yourself to one page, the letter may be composed either in English or in German.
Language Requirements
Proof of English Language Qualification
- TOEFL ibt: 80 or
- TOEFL pbt: 550 or
- IELTS: 6.5 (overall band) or
- Cambridge: CAE, CPE or BEC Higher or
- TOEIC: 700 or
- UniCert III Certificate or
- German Abitur including at least 6 (G8) or 7 (G9) years of English or
- Officially recognized higher education degree (e.g. Bachelor degree) with English as the language of instruction (you must provide a medium of instruction certificate unless the language of instruction is definitively stated on your transcript)
Additional Documents
Further documents proving specific qualifications relevant to the desired course of study may be submitted. Examples of these additional documents are, among others, proof of additional foreign language skills, results of standardized tests specific to the fields of Business and Economics (such as GRE or GMAT) and certificates of participation in summer schools or research projects that are not documented in the applicant's academic transcript. Please note that neither a GMAT nor a GRE are a prerequisite for any of our M.Sc. programs but that they may serve as an indication that the applicant possesses a certain skill set.
Note: It is not compulsory to send reference letters. However, if you wish to hand in reference letters, you can do so voluntarily.
Recognition of International Degrees
Please note that we as the academic advisory team are not in a position to provide accurate information regarding the recognition of international degrees in Germany. These matters are handled by our central Student Affairs Office (Advising and Admission of International Students) who can provide information about the recognition of specific degrees as well as grade conversion.
Admission
Incoming applications will be reviewed by the admission committee to determine whether they meet the entry requirements and then ranked according to the grades the applicants obtained in ther undergraduate studies and other criteria.
Timeline Admission Process
March 1
application portal opens
May 15
application deadline
June 14-20
interviews
June
offer letters are sent out by the end of June
October
start of the M.Sc. program
Interviews
After the admission committee has reviewed the applications they will invite the best candidates to take part in the next stage of the admission process, the interviews. Invitations will be sent out via email at least three days before the interview and will state the day and the time of the interview. Please make sure that you regularly check your emails. Interviews are conducted via Zoom. Admitted candidates will receive an admission letter 1-3 weeks after the interview. Students who receive an offer have only a limited period of time to accept the offer and matriculate at the University of Tübingen before the offer becomes invalid and the spot will be offered to the next candidate on the list.
Student Fees
The program is free of tuition fees for all EU residents, students are only obliged to pay a small administrational fee and a contribution to the student union to matriculate.
The state of Baden-Württemberg has introduced fees for international non-EU students and second-degree students in recent years. For background information and for fee exemption options, please refer to the following link:
Further Questions?
For further questions, please contact:
Academic Advisory Service
Want to talk in person? Make an appointment
Nauklerstraße 47 | 72074 Tübingen
+49 7071 29-76415
master@wiwi.uni-tuebingen.de
Program Coordinators
Prof. Dr. Joachim Grammig
Professor - Main Area: Economics
Dr. Jantje Sönksen
Assistant Professor - Main Area: Econometrics
