Economics and Finance

Subjects: Economics and Finance,Finance,Business

M.Sc. | Master of Science

Course description

The 2008 financial crisis had a profound impact on economies and societies around the globe. This underscores the critical need for decision-makers in financial institutions, regulatory bodies, and central banks to possess a deep understanding of economic theory, risk management financial instruments, and modern econometric tools. Our M.Sc. in Economics and Finance program is designed to equip you with these essential skills. By leveraging our strengths in economics, finance, and econometrics, we prepare our graduates to tackle these complex issues head-on. Upon completing our program, you will be adept at scientifically analyzing financial and economic data. You will gain insights into how the prices of risky assets should be determined. Additionally, you will understand the role of financial instruments like options and futures in enhancing social welfare, despite their potential risks to individual investors and financial stability. Our curriculum ensures that you are well-prepared to navigate and address the challenges in the financial sector, fostering a robust understanding that is crucial for making informed decisions.

Application Requirements

Language Requirements

The entire program is taught in English. Applicants should therefore be fluent in English. Knowledge of German is not required to complete this program. 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: 6.5 (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)

Qualification 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)

Document Requirements

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. CV in tabular format in English or German. 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. 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.