Economics and Finance

The MSc in Economics and Finance combines the strengths of our faculty in econometrics and finance. Just recently a crisis originating in the financial sector has proved to have severe consequences for economies and societies worldwide. It is therefore of the utmost importance that managers in the financial sector, regulatory offices and central banks have a sound understanding of the theory and real-world processes of financial markets as well as of financial instruments designed for risk sharing. Graduating from this programme, you will be able to apply econometric methods to analyse financial data and to assess the validity of theoretical predictions and scientific forecasts for the financial sector. You will understand how prices of risky assets are (or should be) determined. And you will understand why financial instruments can increase social welfare, even though they may involve considerable risks for individual investors and society as a whole. In addition to field courses focusing on these issues, you may choose complementary elective courses according to your own preferences.

Graduating from this programme is a first step towards an ambitious professional career in private and public institutions.

Educational organisation

To allow for tailor-made personal curricula and research agendas, each programme features specialisation courses. You may choose to further your specialisation in a certain field or to broaden your education by attending courses of a complementary nature, including interdisciplinary elements.

We place great emphasis on active student involvement. Attending a Master's seminar, you will earn credits by writing a research paper on a topical issue of economics, econometrics or finance, and by presenting your paper in class. Most importantly, you will write a Master's thesis on a topic agreed upon between yourself and your thesis supervisor. Working on your thesis under the dedicated supervision of a faculty member will allow you, with due effort, to move up to the frontier of academic research. In doing so, you will acquire methodological skills and expertise that greatly enhance your career perspectives, including a possible continuation of your education in an excellent PhD programme.

Internships

Although there is no compulsory internship, a specialised office will assist students in finding an internship if they so wish.

Forms of assessment

Written and oral examinations
Assignments

Course objectives

We are committed to a Master's degree that enjoys a high international reputation. Our programmes give you the opportunity to achieve a competitive edge on the job market for professional economists. Graduates may aim for executive careers in business and finance as well as for administrative positions in the public sector and international institutions. Moreover, careers in economics typically include policy advice, publishing, consulting and research.

Graduates will find themselves well-positioned for an academic career. You may complete any one of these programmes on a PhD track.

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 from an English-speaking country

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

Academic requirements

Applicants for the MSc in Economics and Finance are expected to have sound intermediate knowledge of economics, finance, statistics/econometrics/mathematics, and micro- and macroeconomics. They must hold a Bachelor's degree in economics, business administration, or any related field, preferably a degree that amounts to 180-210 ECTS credits.

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Want to improve your English level for admission?

Prepare for the program requirements with English Online by the British Council.

• ✔️ Flexible study schedule
• ✔️ Experienced teachers
• ✔️ Certificate upon completion

📘 Recommended for students with an IELTS level of 6.0 or below.

Enroll in the course

Enrolment fees

142.10 EUR per semester

Costs of living

The average necessary allowance for a 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 specially 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 that 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 that helps international students to find rooms. Rent for a single room in a student residence is approx. 300 EUR.