Management and Economics

The environment in which firms, consumers, and governments act today calls for a systematic analysis of strategic interaction, comprehensive decision-making processes, and flexible adaptation strategies. The MSc programme in Management & Economics offers an education that combines state-of-the-art management tools with game theoretic concepts.

Managers of today's firms operate in a global environment and must be prepared to quickly react to changing business and market conditions, competitors' actions, and internal governance problems. The Management & Economics programme gives students extensive insights into business and market environments with a focus on managerial economics, personnel economics, and industrial organisation. The courses offered in the programme deal with the strategic behaviour of competing firms and focus on implementing management tools within the firms to provide an informational basis for successful business strategies, show how to use the firm's accounting system for decision-making purposes, and account for potential information asymmetries.

Students learn how to select appropriate performance measures, design efficient incentive systems, and develop strategies to build up and maintain the human capital needed in the firm. Students of this programme develop analytical and professional skills and learn how to apply advanced methods of game theory and principal-agent theory to understand the implications of strategic interaction among different players.

Educational organisation

The MSc in Management & Economics is designed as a three-semester programme, taught according to the European Credit Transfer System. Successful completion requires students to achieve a total of 90 ECTS credits.

Compulsory courses teach the essentials of management and economics and emphasise the link between both areas. Specialisation studies allow students to specialise according to their individual interests and abilities. Electives can be chosen from courses in business studies and in economics.

Successful completion of the programme also requires students to attend a PhD oriented seminar (6 ECTS credits) and to write a Master's thesis in English or German during their third and final semester.

Internships

Although there is no compulsory internship, a specialised office will assist students in finding an internship upon request.

Forms of assessment

Written and oral examinations
Assignments

Course objectives

Graduates of our MSc in Management & Economics have excellent career prospects, both in the private sector and in governmental and international institutions. They will be attractive candidates in particular for strategic management and leadership positions in international companies, consulting firms, banks, and insurance companies.

Due to its strong methodological focus, the MSc in Management & Economics serves as an excellent foundation for pursuing an academic career. Students may study the programme on a PhD track, putting themselves on a fast track to a doctoral degree or PhD.

Language requirements

1) English
Foreign and German applicants: TOEFL ibt: 80 or TOEFL pbt: 550 or IELTS: 6.0 or Cambridge: CAE or TOIEC: 700 or UniCert III certificate or Bachelor's degree in an English-speaking country

2) German is not required. However, German classes are available.

Academic requirements

Admission to the Master of Science in Management and Economics requires a Bachelor's degree in economics or business administration with excellent grades, preferably a degree that amounts to 210 ECTS credits. Applicants are expected to have solid intermediate level knowledge in quantitative methods of economics and microeconomic theory. Applicants must be fluent in English. Students entering with a three-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.

Enrolment fees

142.10 EUR per semester

Costs of living

The average necessary allowance for a university student at the University of Tübingen is 700 EUR per month.

Arrival support

Orientation week
Study counselling
Several student advisers are available who will be glad to help participants in all questions regarding their Master's programme and their stay in Tübingen. The student body (Fachschaft) offers numerous welcoming events especially for Master's students.

Services and support for international students

During the orientation weeks, students will be escorted to public authorities for registration purposes and helped with opening bank accounts, registering with the university, and setting up their health insurance. Students are offered a basic German course and various activities which introduce them to the university and the city.

Accommodation

Accommodation is available through the Student Services Office or on the private market. Tübingen offers student accommodation for about 4,400 students. The Student Services Organisation ("Studentenwerk") has an Accommodation Office which helps international students with finding rooms. Rent for a single room in a student residence is approx. 300 EUR.