International Economics and Management

International Economics and Management at the University of Paderborn is a comprehensive and multidisciplinary master's program designed to prepare students for the complex and dynamic global economic environment. The program combines rigorous training in economic theory, international trade, and finance with practical management skills, fostering a deep understanding of the economic and managerial challenges faced by businesses operating across borders. Students will explore various topics such as international business strategies, global markets, economic policy, and intercultural communication, equipping them with the tools necessary to succeed in international contexts. The curriculum emphasizes both theoretical foundations and applied knowledge, enabling graduates to analyze economic problems critically and develop innovative solutions. The program also offers opportunities for specialization in areas like international marketing, consulting, and sustainable economic development.

Participants benefit from a diverse and international learning environment, with courses taught by experienced faculty members who bring both academic expertise and practical insights. The program encourages collaboration through project work, internships, and exchange semesters, which broaden students' horizons and enhance their intercultural competence. Graduates of the International Economics and Management program are well-prepared for careers in multinational corporations, international organizations, consulting firms, or entrepreneurial ventures. They gain not only advanced economic and managerial skills but also a global perspective essential for navigating today’s interconnected world. The program's strong links with industry partners, combined with its emphasis on practical application, ensures that students are ready to meet the demands and seize the opportunities of the international economic landscape.

Educational organisation

International Economics and Management is a four-semester programme. Typically, the academic year begins in the winter semester, but it is also possible to begin in the summer semester. Three modules worth 10 ECTS credits each must be completed in each semester (ECTS = European Credit Transfer System, 1 ECTS credit is equivalent to around 30 hours' workload). Therefore, a total of 120 ECTS credits is needed to complete the programme. These include 20 ECTS credits for mandatory modules, 80 ECTS credits for elective modules, and 20 ECTS credits for the Master's thesis (for more details, see "Description of Content"). A study plan of modules is provided, but this can be adjusted if necessary. Usually, each module contains several individual teaching and learning units, including lectures, seminars, labs or individual research projects.

Forms of assessment

Oral or written examinations
Master's thesis (20 ECTS credits)

Course objectives

The study programme offers in-depth knowledge in international economics and management as well as in up-to-date analytical methods. Students are able to analyse global economic conditions and the impact of economic integration or globalisation on multinational firms and economies. Graduates are qualified to apply for strategically oriented leading positions in international companies as well as for research positions in international institutions and organisations.

Language requirements

Applicants are required to prove proficiency in English. Proficiency must be documented in the form of: (a) a Bachelor's degree obtained in an English-speaking country or in an accredited German study programme taught in English; or (b) a language certificate with minimum level TOEFL 87 points (Internet-based); or (c) equivalent proficiency, e.g., Business English Certificate (BEC): BEC Vantage - level B2, Cambridge First Certificate (Grade A) or IELTS (International English Language Testing System) Band 6.5.

Students are required to prove proficiency in German. This is not a prerequisite for admission into the programme. However, students must prove minimum proficiency at level A2 GER before concluding the Master's programme. Required proficiency can be acquired at the University of Paderborn in German courses of 240 hours in duration. The courses can be credited in the elective module "General Elective" (Studium Generale).

Academic requirements

Bachelor's degree (or equivalent) in economics, business administration/management or a related subject. General higher education entrance certificate or equivalent. Equivalence will be assessed as part of the application procedure.
Admission is based on the grading of the Bachelor's or equivalent degree. Applicants must either belong to the best 35% of their year or have finished the Bachelor's degree with a GPA from 2.5 up to 3.0 (depending on the course structure of the Bachelor's degree).
A detailed description can be found on the following website:
https://wiwi.uni-paderborn.de/en/studium/studienangebot/master/msc-iem/application-information/admission-requirements/#c184201

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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

Approx. 272.52 EUR per semester. The fee includes a semester ticket covering all public transport costs in the local state of North Rhine-Westphalia.

Costs of living

640-920 EUR

Job opportunities

Students may obtain paid jobs either at the University of Paderborn (e.g. as a student tutor or an assistant) or in other positions outside the university. Excellent students have the opportunity to work as student assistants in research groups.

Arrival support

The International Office offers various orientation and information meetings for all foreign students prior to the beginning of each semester and helps with all kinds of questions, e.g. enrolment, accommodation, German language courses, etc.

Services and support for international students

The programme coordinator will provide assistance and support for the international students. Additionally, the student group of the Master's programme organises academic as well as social events.

Accommodation

There are two types of student accommodation in Germany: dormitories located on or near the university campus and private accommodation in a flat or an apartment. In Germany, most of the apartments are usually unfurnished! To save money and to have more living space, students often set up an apartment-sharing community and live together. There are two dormitories on the Paderborn campus which are run and managed by the student services (Studentenwerk). Students can apply for a one-room apartment or a room with a communal kitchen and bathroom that are usually shared with one to three other students.
Please visit the homepage of the Studentenwerk (student services) directly: http://www.studentenwerk-pb.de/en/home/ or contact the International Office: https://www.uni-paderborn.de/en/studium/international-office/
Rental charges currently range from 250-340 EUR per room and month (private renting), including costs for electricity, gas, water, etc. If rooms are furnished, the landlord is likely to ask for a deposit, which is usually equivalent to two months' rent. This is returned to the student on departure if the room is left in a satisfactory state and all rent payments have been made.