Economics in Germany:

Admission, Requirement, Course, Cost, Scholarships and Careers

Study Abroad Team 30/01/2024

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Highlights of Economics Course in Germany

With a thriving economy and robust business landscapes, Germany has become one of the top-notch countries to offer international education to Economics students. Sixty economic universities in Germany offer economics degree courses.

Scholars interested in pursuing an economics career can apply for international education from one of the prestigious German institutes to study in Germany. Ranked 8th among the high-paying courses for recent graduates, Germany offers an opportunity to earn 90,000 EUR annually.

Why Study Economics in Germany?

The cost of living and highly-ranked economics schools make Germany a one-stop destination for international studies. A German university offers a premium-level Economics education, offering real-world experience. Education requirements depend on the type and course. 

A majority of institutions offer economics courses with an international scope. With both undergraduate and postgraduate courses available for international scholars, Germany has become one of the popular destinations for business-oriented individuals. 

Economic education offers an in-depth insight into finance, business administration, and other economic issues. An Indian international student who wishes to pursue a degree program in economics can enroll their name in a German university.

Types of Economics Program in Germany

About sixty economic universities in Germany offer economics degree courses. The following are the Economics courses available in Germany:

Bachelor's Degree

Pursuing a 3-year undergraduate course in economics in Germany for international scholars requires a few documents. The applicant needs to have 75% marks in their secondary level school and pass the German qualification assessment examination:

  • BSc in Economics
  • BSc in Economics and Business Education

Master's Program

A postgraduate degree in Economics requires 60% marks in the undergraduate program. The scholar needs to have at least 2 letters of recommendation, official transcripts, an academic essay, and a resume to pursue any of these courses in Germany:

  • Public Economics 
  • Economic Research 
  • Ecumenical Studies 
  • Quantitative Economics
  • International Economics 
  • Agricultural Economics
  • M.Ed Economic Science
  • Economic Geography 
  • International Economics

Doctoral Programs

A Ph.D. in economics is a 3-4-year course in public universities without tuition fees. Scholars must have at least 50% marks in their postgraduate degree course, language proficiencies, and a writing sample. An Indian international student needs a master's degree to take a test equivalent to a German degree.

  • Ph.D. in Economics
  • Quantitative Economics and Finance 
  • Economic Sciences and more

List of Universities Offering Economics in Germany

Enlisted below are the A-gradedGerman universities that offer Economics courses:

  • University of Mannheim
  • Ludwig Maximilian University
  • University of Bonn
  • Humboldt University of Berlin
  • Free University of Berlin

Admission Process to Economics in Germany

International learners must apply for German economics studies via the university's website. One can find the submission deadline by checking out the university's portal. Proof of the senior secondary certificate is required to apply for a bachelor's degree in economics in the country. On the other hand, the master's marksheet must be shown as proof to qualify for a postgraduate certificate.

Eligibility Criteria

Attending an economics course in Germany is easy. Non-EU/EEA scholars must have a year of preparatory studies before taking the exam. Students with a bachelor's degree in economics or a GRE score may apply for the postgraduate course in German universities. Indian international learners must also submit their English proficiency record with TOEFL-IBT (90) or IELTS (6 bands).

Documents Required

An international scholar pursuing an Economics degree must attach these documents while filling out the online form:

  • Academic transcripts
  • Entrance qualification from the past school or university
  • Passport photocopies 
  • Letter of recommendation
  • English proficiency test
  • ID proofs
  • Academic transcript
  • CV

Proficiency Test

An international education in Germany may require a basic command of the German language. That's because the international study courses in this nation are covered in English. So, an international candidate must secure a grade in TestDaF, the language examination assessing German language proficiency. On the other hand, the TestAS measures a candidate's cognitive skills. 

IELTS evaluates the English language proficiencies of international students whose native language isn't English. A bachelor's or master's candidate can apply for the course with these proficiencies. 

Visa Process

Non-EU/EAA learners who want to enter Germany for Economics education must have a visa and residence permit. International Indian students need to show proof of health insurance and financial resources. The chances of visa application are higher if the candidate offers the required documents, such as a passport, a letter of acceptance, and language skills. 

Cost of Economics in Germany

Tuition Fees

Students who wish to pursue an international education in Germany are not required to pay any tuition fee. But Baden-Württemberg public universities' tuition fees are 3,000 EUROS annually. 

Cost of Living

Students need to pay for transportation costs of €20 to €200, accommodation of €250 to €390 monthly, food of €170 to €200, and utility costs of €100 to €200. 

Scholarships for Economics in Germany

Top Economics scholarship options for international students in Germany include the following:

  • Erasmus Scholarship Programs in Germany
  • DAAD Scholarship Germany
  • Konrad-Adenauer-Stiftung (KAS) Scholarships
  • Heinrich Boll Scholarships for International Students

Job Opportunities on Completing of Economics in Germany

Job prospects for Economics candidates in Germany are umpteen. Major cities where a student can pursue their Economics career include the following:

  • Berlin
  • Munich
  • Hamburg
  • Stuttgart
  • Hanover
  • Cologne
  • Frankfurt am Main
  • Essen
  • Dortmund
  • Dusseldorf
  • Bremen
  • Dresden

The highest-paying Economics jobs in Germany may range between €53,501 and €84,535 annually.

FAQs

1. What should be the senior secondary level school % for an applicant to pursue an Economics course in Germany?

The grade for the senior secondary level school of the applicant to pursue an Economics course in Germany is 75%.

2. Does an International Scholar Need to Pay Tuition Fees in Germany?

Besides Baden-Württemberg public universities, German universities have not charged tuition fees to students as of 2014.

3. How Much Time Is Required to Complete a Bachelor's Degree in Economics in Germany?

An undergraduate course in economics in Germany is usually a 3-year course.

4. What Are the Top German Universities Offering Economics Studies?

The top universities offering Economics education in Germany are the University of Mannheim, Ludwig Maximilian University, University of Bonn, etc.

5. How Much Salary Does an Economics Professional Get in Germany?

The salary for Economics jobs in Germany varies between €53,501 and €84,535 annually.

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