International Business and Economics

The Master's degree in International Business and Economics at the University of Magdeburg offers students a comprehensive and in-depth education in the core principles of global commerce and economic management. Designed for individuals aiming to pursue a career in international trade, finance, consultancy, or economic policy, this programme provides a blend of theoretical knowledge and practical skills necessary to navigate the complex landscape of global markets. Students will explore key topics such as international marketing, economic analysis, strategic management, and financial decision-making, gaining insights into the cultural and institutional frameworks influencing business operations worldwide. The curriculum emphasizes critical thinking, analytical skills, and problem-solving capabilities, enabling graduates to evaluate economic trends and develop innovative business strategies. The programme also fosters intercultural competence and prepares students for leadership roles in multinational corporations, international organizations, and policy institutions. With a focus on current globalization challenges and sustainable development, students learn to approach business opportunities responsibly and ethically. The programme includes seminars, case studies, and project-based learning, often involving collaboration with international partners, ensuring practical relevance and experiential learning. Graduates of this programme will be well-equipped to understand economic policies, implement strategic initiatives, and contribute to the internationalization efforts of organizations. The university's diverse academic staff, modern facilities, and strong connections to international markets create an enriching learning environment. Upon completing the Master's in International Business and Economics, alumni will be prepared for dynamic careers in a globally interconnected economy, with the ability to adapt to changing international business environments and contribute meaningfully to economic development worldwide.

Educational organisation

Our campus provides an optimal learning environment characterised by small class sizes and close contact to faculty and staff. The language of instruction and examination is English. Students should expect a weekly workload of 22-26 hours of classroom studies.
There are three different forms of instruction:
Lectures - held by a professor
Tutorials - practising and discussing the content of the lecture
Seminars - active participation by students, writing academic papers, project teamwork
A lecture/seminar/tutorial lasts for 90 min.

Elective courses and tutorials will be offered in small learning groups.

Study abroad unit(s)

During their fifth and sixth semesters, students must pass elective specialisation courses and may apply to complete these courses at a partner university abroad.

Internships

There are no compulsory internship requirements.
However, we encourage students to organise and complete an internship during the study programme. The programme adviser and the University Career Service Centre can assist students in finding appropriate internship options.

Forms of assessment

Every module concludes with a written examination at the end of the relevant semester. Additionally, there are seminar papers and a written Bachelor's thesis with a presentation.

Course objectives

The Bachelor's in International Business & Economics is designed to provide students with the knowledge, skills, and methods necessary for critical and successful involvement in the field of economics and global business. The education incorporates an analytical modelling approach and teaches students to think strategically in conjunction with an international perspective. Students will be prepared for a career in managerial or entrepreneurial positions in foreign or multi-national companies, consultancy firms, international organisations, banks and financial institutions, etc.

Language requirements

An English language proficiency test with a valid and certified TOEFL minimum score of 88 (iBT) or 570 (pb) or 230 (cb) or an IELTS test with a minimum score of 6.5

Academic requirements

To be eligible, applicants must provide a higher/university entrance qualification that is recognised in Germany. Additionally, knowledge of the English language and necessary skills in the field of mathematics shall be verified. Suitable forms and minimum scores of these skills are published on the study programme's homepage. See: http://www.isp.ovgu.de

Enrolment fees

Currently 94.50 EUR per semester
The semester fee covers services offered by the "Studentenwerk" (Student Union) and the student representatives. Enrolled students receive a semester ticket for free use of public transport, student discounts in the campus cafeteria, etc.

Costs of living

A minimum of 700 EUR per month must be budgeted for accommodation, costs of living, health insurance, books, and miscellaneous expenses.

Job opportunities

A limited number of student assistant positions are available at the university or within the faculty. Off-campus jobs are available and require basic German language skills.

Arrival support

Before arrival, a welcome package with relevant information will be sent to prospective students. The SIMP-SON student mentoring programme (http://www.isp.ovgu.de/) provides assistance for new students upon request. Volunteers assist in dealing with administrative issues, such as visas and bank accounts, health insurance, looking for accommodation, study programme issues, etc.

Services and support for international students

The International Office and the faculty assist students in any way possible. To integrate new students into our student community, both the university (IKUS) and the faculty (SIMP-SON) offer a "Welcome & Orientation Week" during the first week of October.
The university's Language Centre offers German classes for international students. A number of social and cultural events will be organised by IKUS, the international student organisation on campus.

Accommodation

The "Studentenwerk" (Student Union) Magdeburg manages the on-campus halls of residence (mostly one- to four-room apartments). Currently, the monthly rent ranges from 220-350 EUR per room (approx. 12-35 square meters), depending on size and furnishing. Rooms in the halls of residence are limited in number. The accommodation request can be found here: http://www.studentenwerk-magdeburg.de/en/accommodation/accommodation-request/.
The Student Union assists all new students in finding adequate accommodation, either on or off campus. Private accommodation is available on the Magdeburg accommodation market. However, fully furnished units are in relatively short supply.