Master of Science in Economics


University of Ulm

Ulm, Germany

About Course

Key information
: 2 Year
Study Type
: Full Time
Tuition fees
: 3,000 EUR / Per Year
Exam Accepted
: IELTS Accepted
Exam Intake
: Apr | Oct
Conditional Scholarship
: NA
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Management and Economics - Master of Science (MSc)

The master’s program in Management and Economics builds on bachelor’s programs with a focus on economics. It deepens specialized and scientific knowledge and teaches new knowledge in business management and macroeconomics. The Management and Economics master’s program at Ulm University is quantitative, research-oriented, and application-relevant at the same time.

This is not an English-taught program, there are several modules that must be completed in German. Students who wish to participate in the program need to prove their German language proficiency.

More about the course

Building on knowledge in the areas of business management, macroeconomics, mathematics, informatics, law, and (business) English from an economics-oriented bachelor’s program, this pathway offers you the opportunity to specialize in one or two of the following specialization subjects:

  • Economics
  • Finance and Insurance Industry
  • Concomitantly, you will visit advanced courses in Mathematics/Informatics, Law and Philosophy/Ethics, or languages. The topics of your semester papers and the topic of your master’s thesis will acquaint you with the current status of research.

  • Accounting and Auditing
  • Business Analytics
  • Management and Controlling
  • Insurance Industry
  • Informatics

Jobs and career opportunities

The consecutive Management and Economics bachelor's and master’s programs at Ulm University are designed for future managers in modern service and industrial enterprises. The pathway teaches competencies that prepare you in the best possible way for varied career opportunities as highly a qualified economist.

Depending on your choice(s) of specialization, you might work in the following areas

  • executive responsibilities in the areas of controlling and finance, risk management, accounting, internal auditing, in business departments or in executive support units of companies and big corporations,
  • auditing and executive responsibilities at statutory auditing companies (statutory auditor state examination),
  • consulting and project management in business consultancies, especially strategic, operative, and IT consulting, restructuring and process optimization,
  • executive responsibilities with tax consultancies (tax consultant state examination),
  • executive responsibilities with financial institutions, insurance and investment companies (corporate finance), e.g. investment funds management, private equity, capital participation assessment, and financial counseling,
  • executive responsibilities with insurance companies, e.g. in product development, planning and implementation of IT concepts or risk management,
  • executive and/or independent activities in economic research institutes, trade associations, and politico-economic institutions.
  • All of these professional areas can likewise be pursued on an international level. A master’s degree furthermore opens the door to a doctoral degree.

Entry Requirement

  • Applicant must have a bachelor degree.

Application Process


  • Ulm University is one of the notable public universities offering 62 programs, located in Germany. It ranks consistently in the top 10 by Times Higher Education. It offers 23 UG courses, 38 PG courses, and one research program. About 10,284 students are studying in over 60 programs. 22% of students have completed their research programs in various programs.

    The institute is very selective in its perspective on admissions, based on students' past academic grades and it results in the acceptance rate of 13% of international students. The institution offers a wide scope of courses, wherein students can able to choose any according to their interests and choices. However, it is challenging for many foreign students to fill the admission eligibility requirements. Students can fill out the application form through the official website, for which the institute does not charge any fee. Many programs are taught in English and German, as per the student's selection. But, a candidate must possess German language skills for Dentistry and Medicine, to follow all the commands properly.

  • Majorly focused on Engineering, Computer Science, Technology, Mathematics, Economics, Medicine, and Natural Sciences.
  • Students will receive an application form, once filled and submitted an online pre-application through the official website
  • Apply as early as possible, ideally at least 8 weeks before the university’s application deadline expires.
  • Students must possess either a German language skill or English proficiency certificate.
  • Properly translated certificates are only accepted during the admission period.
  • Admission will be done based on the student's past grades and activities.
  • Up to 300 EUROS are awarded in scholarships to international students.
  • Due to widespread COVID, the officials from Ulm University have reduced the ECTS points to a minimum of 115 and an increased GPA of a minimum of 3.0 or above

University of Ulm

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