Bachelor's degree (or equivalent) in a relevant undergraduate degree (finance, business, economics). Also, strong knowledge in advanced mathematics and statistics is a pre-condition to admission to the master's study program.
An academic degree is considered relevant if it has:
A minimum of 60 ECTS (EU degrees) or 12 modules (non-EU) in economics, business administration, and
15 ECTS (EU degrees) or 4 courses (non-EU) in quantitative methods for economists and managers (mathematics, statistics, econometrics, operations research, etc).
Required ECTS crеdits: 180.
GPA (German System) 2.90
Language Requirements
The following certificates are recognized as proof of your language proficiency.
English
Cambridge
min C1 Advanced (CAE) Specification: With grade C.
IELTS
min 7
TOEFL iBT
min 95
GRE Subject Tests
min 148 in quantitative + 143 in verbal
UNIcert
min III
Does the university recognize "other equivalent language certificates"? no
Additional information:
English language proficiency can also be proven by at least 30 credit points gained from English taught modules in a study program within the EU, according to the ECTS system (a list of relevant modules including credit points and teaching language with the confirmation statement from the university is a strict requirement), an average grade of a minimum of 10 points (4 semesters + exam) in the subject "English" proved with the German school leaving certificate "Abitur", or by the GMAT with a min. score 550 in total.
Recognized native speakers: United Kingdom, Ireland, USA, Australia, New Zealand, Canada, Antigua & Barbuda, Bahamas, Barbados, Beliz, Grenada, Guyana, Jamaika, St. Kitts & Nevis, St.Vincent & Grenadine, Suriname, Trinidad & Tobago.
It is recommended to have basic knowledge (A2 or higher) of German in order to complete daily tasks and to be able to solve administrative duties for studying or doing an internship in Germany: however, German skills are not an admission requirement for our English study program.
Application & Admission
Application Deadlines
Locked
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For Candidates with Previous Degree from
Winter Semester (Starting: October)
Germany
Winter Semester: -
Another EU Country
Winter Semester: -
Rest of the world
Winter Semester: -
Application Procedure & Selection
Mode of Admission:
local admission restriction (local NC)
No. of places available:
70 (October), 30 (April)
Application:
directly at university
Application Fee:
€ 75 for the first application, € 30 for each additional
Application Documents
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.
Proof of English proficiency (see language requirements).
Letter of motivation with a maximum of 450 words.
Form "Relevance" of previous degree educatiοn.
Location
1
Otto von Guericke University Magdeburg
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Live Webinar 
24 July 2026, 04:00 PM (Europe/Berlin)
English
Germany
Another EU Country
Rest of the world
