Otto von Guericke University Magdeburg

Financial Economics

M.Sc. (Master of Science)
Subjects: Business and Economics
English only
Winter semester:  15 Sep/15 Jul
Application Deadlines
2 Years (starting: Winter semester)
Tuition fees (per semester)
Winter semester
Mode of admission:
without admission restriction
Study mode:
On campus


Qualification Requirements

Previous Degree

Bachelor's degree (or equivalent) in a relevant subject course.

Strong knowledge in mathematics, statistics, and economics (macro and micro on an at least intermediate level) is a strict requirement.

A course is relevant if at least 18 credit points (CP) according to the European Credit Transfer System (ECTS) have been acquired in courses in the field of quantitative methods and 60 CP according to ECTS in business courses. If the ECTS does not apply to the applicant's bachelor's degree, a course is considered relevant if:

  1. At least 4 courses in the area of quantitative methods, and
  2. At least 12 courses in economics courses have been acquired.

If the applicant has not completed this degree by the time of application, proof of the relevant qualification can be replaced by a full grade certificate of all module examinations completed in the relevant course up to the time of application, whereby at least 140 credit points must be proven. Applicants without proof of their first professional qualification will be enrolled for a limited time, subject to a time limit. The "Organization of the application and admission procedure for master's programs" of the university applies in the currently valid version.

GPA Rate 2.90

Language Requirements

The following certificates are recognised as proof of your language proficience.

min 7
min 108
min III
GRE Subject Tests
min 148 in quantitative + 143 in verbal
Does the university recognize "other equivalent language certificates"? no information provided by university

Additional information:
English language proficiency can also be proven by a written verification that a bachelor’s degree or university diploma has been gained from a relevant study program taught exclusively in English (an official confirmation statement from the university is a strict requirement), by at least 30 ECTS gained from English taught modules in a German study program, by an average grade of minimum 10 points (4 semesters + exam) in the subject “English” proved with the German school leaving certificate "Abitur”, or by a GMAT with a minimum score of 550 in total.

Application & Admission

Application Deadlines

Application Procedure & Selection

Mode of admission:
without admission restriction
Admission test/interview:
Application Fee:
75 € for the first application, 30 € for each additional

Application Documents

  1. Proof of a relevant academic degree (bachelor's, diploma, etc.) with a GPA starting from 1.0 up to 2.9 (German grading scale applies).
    Only legally certified copies of documents are accepted. Also, send a translation in German or English and attach the documents with the original language + APS certificates from applicants: China, Vietnam, etc.
  2. English test (see language requirements).
  3. Letter of motivation with a maximum of 450 words.
  4. Form "Relevance" of previous degree education.

Further Information

For more information please check the

Course Website