School of Business and Economics

M.Sc. Management and Economics (Managerial Economics)

Managers operating in today’s global environment must be prepared to quickly react to changing business and market conditions, competitors’ actions, and internal governance problems. This calls for a systematic analysis of strategic interaction, comprehensive decision-making processes, and flexible adaptation strategies. The M.Sc. Management and Economics (Managerial Economics) offers a unique education by combining state-of-the-art management tools with game-theoretic concepts.

The courses offered in the program deal with the strategic behavior of competing firms and focus on implementing management tools within the firms to provide an informational basis for successful business strategies. Moreover, the program gives students extensive insights in the fields of managerial economics, personnel economics, and industrial organization.

Students of this program develop a unique set of analytical and professional skills grounded in advanced methods of game theory and principal-agent-theory. Graduating from this program, you will be able to select appropriate performance measures, design efficient incentive systems, and develop strategies to build up and maintain the human capital needed in the firm.

The modularity of the program allows for a very wide range of possible combinations of content and thus prepares students for numerous occupational perspectives. Graduates of the program have excellent career prospects, both in the private sector and in governmental and international institutions. They are particularly attractive candidates for strategic management and leadership positions in international companies, consulting firms, banks, and insurance companies. Furthermore, the program can serve as a starting point for an academic career.

Key Facts

3 Semester Program

(Courses start in October)
 

90 ECTS Credits

incl. Master Thesis (24 ECTS credits)

English

Course Language

What do our students say?

"Man&Eco perfectly resumes my bachelor degree from Tübingen. As an international student interested in research, this program is an excellent choice." – Sarah Diederich, BSc, BA U. Tübingen

"The program offers the unique opportunity to study microeconomics combined with latest management tools. The strong focus on research prepared me perfectly for my empirical master thesis and my upcoming doctoral studies.“ – Raphael Moritz, BSc U. Cologne

"I can strongly recommend this master's program in Tübingen. It offered me the choice between a lot of highly interesting courses and prepared me for interdisciplinary research in an excellent way." – Dr. Adam Ayaita, BSc HWR Berlin

"The program teaches profound analytical skills, which are also sought after by many employers. Due to the many connections of the faculty, I had the chance to learn how our academic work translates into consulting practice." – Stefanie Schweitzer, B.Sc. Uni Köln

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Ph.D. Track

Graduates will also find themselves well-positioned to pursue a Ph.D. subsequent to this M.Sc. program. Towards this end, students may study this M.Sc. program on a Ph.D. track, putting themselves on a fast track to a doctoral degree in Business Administration.

Areas of Specialization

  • Managerial Economics
  • Game Theory
  • Advanced Microeconomics
  • Personnel Economics
  • Industrial Organization
  • Behavioral Economics
  • Economics of Taxation

Curriculum

Modules / Areas ECTS credits  
Core Studies 27  
Specialization Studies 9-24

 

24
Elective Studies 0-15
Selected Issues in Managerial Economics 6  
Advanced Topics 9  
Master Thesis 24  

 

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:

Application for all Master Programs is possible from March 1st until May 15th
(M.Sc. Economics: Until July 15h for international / September 15th for EU applicants)

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).

  • 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.
  • Degree should preferably amount to 210 ECTS. Students entering with a 3-year Bachelor degree (180 ECTS credits) are required to earn 30 additional ECTS credits in order to obtain a Master degree.

Complete Transcript of Records with a final grade or calculated grade average. Transcripts of Records containing generic module titles (such as Business Administration I, II and III) should be accompanied by detailed module descriptions. The transcript should prove the applicant has solid intermediate knowledge in

  • Microeconomics (e.g. Game Theory, Industrial Organization or Theory of Decision-Making) 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: 79 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.

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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 13-20

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:

Tuition Fees

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
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Program Coordinator
Prof. Dr. Kerstin Pull

Contact the Academic Advisory Service