MS in Economics in Germany 2025 – Top Universities, Fees, Eligibility & Jobs

Latest Updates: MS in Economics in Germany

• The GRE for MS in Germany 2025 has been scheduled between September 8, 2025, and September 21, 2025.
• The GMAT 2025 will have test dates from June 2025 to December 2025.
• The PTE Academic 2025 will have its test dates from July 2025 to December 2025.
• The IELTS 2025 will be held between August 2025 and December 2025.

Masters in Economics in Germany is a 2-year postgraduate course in economic theory, quantitative methods, and the analysis of policies. Known for its tuition-free or low-cost education, Germany imparts this course through top-ranking universities like LMU Munich, University of Mannheim, Humboldt University of Berlin, and Heidelberg University.

GRE, IELTS, and TOEFL are commonly accepted for these entrance exams. The average cost of studying an MS in Economics in Germany ranges from €300 to €3,000 per annum, while many public universities charge low or no tuition fees. Scholarships such as DAAD are an added advantage for Indian students. 

Career opportunities in Germany after MS Economics include economist, policy analyst, data analyst, or financial consultant, earning an average salary of €45,000 to €70,000 per year. The coursework includes subjects such as econometrics, microeconomics, macroeconomics, International trade, and development economics.

MS in Economics in Germany: Quick Highlights

MS in Economics in Germany is an opportunity to gain world-class, research-oriented education with cheap tuition fees, and excellent career opportunities at the heart of the world economy, in Europe.

Below is a table containing everything you need to know about the course:

MS in Economics in Germany: Important Dates and Events

Germany admissions to MS in Economics start with October or April intake periods, and the application deadlines are usually between November and March, and vary depending on the university.

Here is a table with the important dates you should never miss:

Why Study MS in Economics in Germany?

Germany is one of the top countries to pursue a Master's in Economics education. The following are some firm reasons why students go to do MS in Economics in Germany:

1. Worldwide Recognition - LMU Munich, University of Mannheim, and Heidelberg University of Germany's most famous schools invite applications for MS in Economics. These institutions enjoy a high reputation across the world and create a conducive environment for study.

2. Low Fees - In general, most public universities in Germany provide low semester fees, or a cost-effective fee structure in comparison to universities in the US or the UK. 

3. Great Career Opportunities in the EU & Worldwide - Germany has a solid economy and great job openings in economic research, policy-making, finance, and consultancy. MS in Economics Graduates 

4. Industry Exposure & Internship Opportunities - German universities maintain close connections with industry and government bodies. This gives students a rare opportunity to work on live economic projects, internships, and research assignments during their studies.

MS in Economics in Germany: Fee Structure  

The average tuition fees for MS in Economics courses in Germany vary between €0 and €7,500 per year, depending on whether it's a public or private university. Here is a look at the availability of seats.:

MS in Economics: Private Universities in Germany

There are private universities or private business schools in Germany that also provide MS in Economics to foreign students at manageable fees:

MS in Economics in Germany: Eligibility

Although the Qualifications for MS in Economics vary depending on different universities, here are a few conditions that are common among all the universities for the MS in Economics in Germany for an Indian Student.

Below is a table highlighting the Eligibility for MS in Economics in Germany:

Other

Cost of studying in Germany

Indian students pursuing MS in Economics in Germany should budget between €800 - €1200 per month, including all the necessary expenses and leisure, which is equivalent to ₹82,000 - ₹1,22,000 per month. Below is the table classifying all expenses for a month:

MS in Economics in Germany: Application Process

The application process for MS in Economics in Germany starts with filling out the exam form for exams like IELTS, TOEFL, PTE, GRE (if necessary), etc. Once admitted with the test scores, students have to apply for admission on the official website of the particular university after ensuring they meet the criteria.

• Visit the official website for IELTS, TOEFL, or GRE as the university instructs and apply for the exam.
• Download the admit card and appear for the exam.
• After the result has been declared, visit the official website of the university you prefer and check for the eligibility requirements.
• For most top universities, a minimum of 2.3 German Grade Point Average (or equivalent) is required in a bachelor’s degree.
• Though GRE and English proficiency scores might vary.
• Once the eligibility requirements have been checked, apply for the MS in Economics program.
• After applying, wait for the results of the shortlisted candidates.

MS in Economics in Germany: Documents Required

Documentation required for applying for MS in Economics in Germany would consist of academic, language, identity proof documents, etc. At times, some variation is seen depending on the university, but most top universities agree to the following:

1. Bachelor’s Degree Certificate
2. Academic Transcripts
3. English Language Proficiency Proof
4. GRE/GMAT Scores (if required)
5. Statement of Purpose (SOP)
6. Curriculum Vitae (CV)
7. Letters of Recommendation
8. Passport Copy
9. Passport-Sized Photos
10. Proof of Financial Resources
11. German Language Certificate (if any)

MS in Economics in Germany:  Entrance Exam

The entrance exam required for the Master's of Economics in Germany includes an English proficiency test, such as IELTS, TOEFL, PTE, and GRE. Most of the universities accept these entrance exams scores to accept the admission.

MS in Economics in Germany: Scholarships for Indian students

Numerous scholarships in Germany for Indian students are available who want to get enrolled in Masters in Economics programs.

Top Universities for MS in Economics in Germany

Top universities in Germany offering MS Economics are world-famous and most of them are ranked in QS World University Rankings 2024; LMU Munich, University of Mannheim, and Humboldt University of Berlin are some of them. Here is a detailed breakdown:

MS in Economics in Germany: Private B-Schools 

Business schools (B-Schools) in Germany are known for integrating modern economics and AI-driven decision sciences into their management curriculum. These schools offer master’s programs in economics, finance, business analytics, and economic policy, usually with international recognition like AACSB, EQUIS, and AMBA.

MS in Economics in Germany: Career opportunities 

Graduates of MS in Economics in Germany enjoy strong career prospects across Europe. Average starting salaries typically range between €45,000 to €68,000 per year.

Top roles and Career opportunities in Germany after an MS in Economics are given below:

GRE/IELTS/TOEFL Preparation Tips

GRE for MS in Germany:

Your quantitative reasoning, verbal reasoning, and analytical writing are evaluated in the Graduate Record Examination (GRE). The GRE is accepted by most universities in Germany and particularly in the technical/research-oriented Economics programs.

Follow these tips to prepare the best:

• Know Your Exam Format
• Take Mock Tests Anticipating Consistently
• Study Official Study Guides
• Pay attention to Quant and AWA

 IELTS / TOEFL:

TOEFL / IELTS for Germany 2025 requires you to focus on these few points:

1. Become familiar with the Test Format

The duration of IELTS is about 2 hours and 45 minutes

2. Build up Vocabulary and Grammar

Spend some time each day to develop an excellent academic vocabulary. 

3. Exercise in listening every day

Listen to English language videos, podcasts, and documentaries to develop your listening comprehension and pronunciation.

4. Write Essays Every Day 

To study IELTS and TOEFL writing, you will have to write an essay 250 words in length, using typical academic subjects. 

5. Practice Tests

Sample papers with practice modules are available on both the TOEFL and IELTS websites free of charge. Download them and take the mock test 

MS in Economics Germany vs India

Germany offers globally recognised MS in Economics programs with low tuition, high ROI, and strong EU job prospects. Compared to India, it provides better salaries, international exposure, and broader alumni networks despite higher living costs.

A direct comparison showcasing differences:

Frequently Asked Questions

Ques. Which examinations are mandatory to get admission to an MS in Economics in Germany?

Ans. The IELTS/TOEFL is mandatory is optional but suggested for taking admission in MS in Economics in Germany

Ques. Do you need to know German to do an MS in Economics?

Ans. In the MS in Economics, which is an English language-based program, German language is not necessary, but nevertheless, German is useful in day-to-day life and internship.

Ques. How much does an MS in Economics in Germany cost?

Ans. The majority of public universities provide tuition-free education. Cost of living is ~€9600 14400/yr.

Ques. What is the average salary of an MS in Germany?

Ans. The average salary received by graduates is around €45,000-95,700 per annum, depending on the position.

Ques. Is it possible for Indian students to apply for DAAD scholarships by Indian students for an MS in Economics in Germany?

Ans. Yes, Indian students are eligible for DAAD and other foundation scholarships, including Heinrich Boll and KAS.

Ques. What is the post-MS existence limit for graduates to seek employment?

Ans. Germany provides an 18-month Job Seeker Visa to graduates of master's programs.