Economics and Finance - Master
Eckdaten zum Studiengang
Profil des Studiengangs
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. 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.
- Quantitative Monetary Economics and Finance
- Econometrics, Statistics and Machine Learning
- Empirical and Theoretical Finance
Admission is subject to a competitive selection procedure that includes individual interviews with faculty members. Shortlisted candidates from overseas will be interviewed in a video conference via Skype.
Application deadline: 15 May.
Interviews with shortlisted applicants are scheduled for mid-June.
Letters of admission will be sent out by late June - early July.
Our programs start at the beginning of October.
There will likely be changes in the admission process for the academic year 2020/2021.
We publish all news concerning the application process on our website so you can stay in the loop.
Admission to the M.Sc. in Economics and Finance program requires a Bachelor’s degree in economics, business studies or a related field with excellent grades. Applicants are expected to have sound intermediate level knowledge of microeconomics, macroeconomics, finance and quantitative methods (mathematics / statistics / cconometrics).
The program is free of tuition fees for all EU residents. The state of Baden-Württemberg has introduced fees for international non-EU students and second-degree students. For background information and for fee exemption options, please refer to this link.
The entire program is taught in English. Applicants should therefore be fluent in English. Knowledge of German is not required to complete these programs. However, German classes are available for international students.
We accept the following certificates as proof of English language skills:
TOEFL ibt: 80 or
TOEFL pbt: 550 or
IELTS: 6.0 (Overall band) or
Cambridge: CAE, CPE or BEC Higher or
TOEIC: 700 or
UniCert III Certificate or Abiturzeugnis (HZB) listing English as a subject taken or
Bachelor degree in English/American Studies or
alternatively a Bachelor degree in an English-speaking country.
We offer a Master's degree that enjoys a high international reputation and gives you a competitive edge on the job market. You will acquire cutting-edge scientific knowledge that is in high demand for a broad range of professional careers. Graduates may aim for a subsequent doctoral degree (Ph.D.) or executive careers in business and finance as well as administrative positions in the public sector and international institutions. Moreover, career paths in economics and finance also include policy advising, publishing, consulting and research.
You may complete the M.Sc. in Economics and Finance program on a Ph.D. track. This effectively puts you on a fast track to a doctoral degree, according to our doctoral programs in Economics, Finance and Business Studies.
The Ph.D. track requires 27 ECTS credits from courses explicitly marked as Ph.D.-oriented. These courses take students to the frontier of academic research. Moreover, Ph.D. track students need to write a high-quality Master thesis that can serve as a starting point for their Ph.D. thesis.
See also the school's Graduate Program of the School of Economics
Economics, Finance, Volkswirtschaftslehre, Forschung, Finanzierung, Wirtschaft, Bank, Finanzsektor, Research