Management & Economics

Subjects: Management;Economics;Business

M.Sc. | Master of Science

Course description

Managers in today's global landscape must be agile, ready to respond swiftly to evolving business and market dynamics, competitors' moves, and internal governance issues. This demands a thorough analysis of strategic interactions, robust decision-making processes, and adaptable strategies. The M.Sc. Management & Economics program offers a distinctive education by merging cutting-edge management tools with game-theoretic principles. Courses in this program delve into the strategic behavior of competing firms and emphasize the application of management tools within organizations to create a solid foundation for successful business strategies. Additionally, the program provides deep insights into managerial economics, personnel economics, and industrial organization. Students in this program acquire a unique blend of analytical and professional skills, rooted in advanced methods of game theory and principal-agent theory. Upon graduation, you will be equipped to choose suitable performance measures, design effective incentive systems, and develop strategies to cultivate and sustain the human capital essential for your firm.

Application Requirements

Language Requirements

Foreign and German applicants need to demonstrate their knowlegde of the English language with one of the following certificates: 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

Admission to the M. Sc. in Management and Economics (Managerial Economics) requires a Bachelor’s degree in Economics or Business Administration with excellent grades. Applicants are expected to have solid intermediate level knowledge in quantitative methods of economics and microeconomic theory. In addition, applicants must be fluent in English. Students entering with a 3-year Bachelor’s degree (amounting to 180 ECTS credits) are required to earn 30 additional ECTS credits (adding a fourth semester) in order to obtain a Master’s degree.

Document 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 in tabular format in English or 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.