Study program

University

City

University of Cologne

Master Business Analytics & Econometrics

M.Sc. (Master of Science)

Subjects: Business Administration, Economics, Quantitative Economics, Economic and Public Policy, Economic Law, Macroeconomics, Microeconomics, Business Information Systems, Business Mathematics, Business Psychology

M.Sc.

Degree

120

ECTS

English only

Language

Winter semester: 15 Jun

Application Deadlines

2 Years (starting: Winter semester)

Duration

Free

Tuition Fees (per semester)

Start Dates: Winter Semester: October
Starting: Winter semester
Mode of admission:: local admission restriction
Application:: directly at the University (incl. VPD from uni-assist)
Study mode:: On campus
Registration Fee & Tuition Information:: No tuition fees - just a administration fee of approx. 250 EUR each semester

Program Video

Five Reasons to choose this Master's Program

Be part of a one-of-a-kind study program

Students of this master’s program receive a unique blend of traditional analytics (e.g., statistics, econometrics, optimization, simulation) and modern analytical approaches (e.g., machine learning and artificial intelligence using R and Python) and merge these approaches with the teaching of groundbreaking knowledge in the areas of economics, management, and entrepreneurship.

Study in English in an international environment

As global challenges need global solutions, this master’s program is taught completely in English, providing students the opportunity to study and interact with colleagues of different nationalities.

Enjoy unique opportunities such as Capstone Project

As a highlight of the curriculum, the Capstone Project brings students together with corporate/public partners to solve real-world business, economic and societal problems. Over one semester, the future graduates of Business Analytics & Econometrics get to work as a team using cutting-edge approaches to data analytics to solve complex problems, all while interacting within the partner organization.

Choose your own path

During the 3rd semester, students have the option to choose between one of two tracks: The Econometrics Track (focusing on advanced statistical and analytical methods to identify and resolve complex economic issues) and the Business Analytics Track (placing a strong emphasis on forming a data-driven digital strategy, building a data-driven business model, engaging in digital entrepreneurship and founding one’s own start-up company).

Spend a semester abroad

The University of Cologne strives to maintain cooperation agreements with a carefully selected and program-specific group of partner universities in Europe and Asia. This means that all international opportunities will be able to complement the range of courses offered and further help students to develop an international mindset and intercultural competencies, improving skills in management, economics, and social sciences.

How do you want to continue?

Go to course website

Course Description

The Master’s program in Business Analytics & Econometrics has as its primary objective studying and applying methods and tools of modern data analytics, artificial intelligence, and machine learning to solve real-world problems in business and economics. The program combines fundamental analytics and technology skills with groundbreaking knowledge to create the right mindset for a successful career in data analytics for business and economics.

Target Groups

Curriculum

Study Mode

Career Prospects

The Master’s program in Business Analytics & Econometrics is intended for is intended for holders of a previous bachelor’s degree in economics, mathematics/statistics, computer science, physics, information systems, or business administration with an international background. Furthermore, this program is suitable for students with an entrepreneurial mindset who possess an affinity for mathematics, statistics, and digital technologies and the ability to use those skills in these areas to solve real-world problems.

Special Program Features

Live in the heart of Rhineland

With around 103,000 students and a lively start-up culture, Cologne is the economic and scientific center of the Rhineland region. In addition to 17 universities and business schools, the area is also home to numerous internationally renowned research institutions with knowledge transfer to industry and society playing a key role.

Benefit from 100 years of experience

The Faculty of Management, Economics, and Social Sciences has a century of experience in the education of new generations of business professionals, economists, social analysts, and political experts. It has developed a tradition of close dialogue with stakeholders and a focus on research that is relevant to the corporate world, to economic policy, and society at large.

Great international networking opportunities

Professors and staff of the Faculty of Management, Economics, and Social Sciences are actively involved in the professional world. Moreover, the University of Cologne fosters several partnerships with universities around the globe, offering plenty of networking opportunities for its students.

Accreditations

EQUIS

EQUIS by EFMD Global (www.efmdglobal.org) is a comprehensive institutional accreditation system for business and management schools.

AQAS

The “Agency for Quality Assurance through Accreditation of Study Programs” is a German non-profit association that is authorized to conduct external evaluation procedures for universities in Germany and Europe.

Requirements

Qualification Requirements

The application requirements for the study program in “Master Business Analytics & Econometrics” are:

Bachelor's (Undergraduate) Degree

Previous bachelor’s degree (or equivalent) in:

Economics

Mathematics/Statistics

Computer Science

Physics

Information Systems, or

Business Administration

Minimum ECTS points required:

180*

* Applicants must meet the following requirements:

at least 30 ECTS in the fields of business administration and/or economics

as well as

at least 24 ECTS in the fields of statistics and/or mathematics and/or information systems and/or informatics

at least 48 ECTS in the fields of statistics and/or mathematics and/or information systems and/or informatics

GPA

Overall grade point average of at least 2.7 (German grade).

Language Requirements

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

English

CEFR English

min B2

TOEFL iBT

min 72
Specification: Valid only for 2 years.

IELTS

min 5.5
Specification: Valid only for 2 years.

Cambridge

min B2 First (FCE)

Cambridge

min C1 Advanced (CAE)

Cambridge

min C2 Proficiency (CPE)

Does the university recognize "other equivalent language certificates"?

yes

Additional information:

English language proficiency can also be proven with a bachelor's degree taught in English, with a double bachelor's degree in which at least one year must have been completed in an English-speaking country, a master's degree taught in English, a German school leaving certificate (e.g., Abiturzeugnis; after the end of class 11 [G8] or class 12 [G9] at least 5 points in German grading system must be demonstrated), or the International/ European Baccalaureat (accepted). If the higher education entrance qualification were obtained at Rudolf Steiner schools (Waldorf school), the grade at the end of the last class with at least 5 points would be considered. The native speaker has to be verified by school certificates.

Application & Admission

Application Deadlines

Locked

For Candidates with Previous Degree from

Winter Semester
(starting in October)

Germany

Winter Semester: -

Another EU Country

Winter Semester: -

Rest of the world

Winter Semester: -

In 25 days free webinar

How to apply via uni-assist

Application Procedure & Selection

Mode of Admission:

local admission restriction

Admission Test/Interview:

aptitude test

Application:

directly at the University (incl. VPD from uni-assist)

Application Fee:

€ 75 for the first application, € 30 for each additional

Application Documents

Online Application Form

Applicants with a German bachelor's degree apply via KLIPS.

Applicants with a non-German bachelor's degree apply with their VPD document issued by uni-assist via KLIPS.

More Info

Preliminary Review Documentation from uni-assist (VPD)

Only for applicants with a non-German bachelor's degree.

Copy of first University-level Degree

Transcript of Records

School-Leaving Certificate

English Language Certificate → Language Requirements

Aptitude Test

GMAT/TM-WiSO

Testimonials

My studies equipped me with a broad skillset of quantitative methods that proved themselves both highly useful and sought-after in the economics job market. I benefitted from the professors at UoC being very approachable and eager to provide the best learning environment for their students, staying abreast of academic developments and discourses. Moreover, the close-knit network of international partner universities is a great asset of the WiSo faculty.
Chiara Anselmetti, Economic Analyst at Frontier Economics and Alumna of Faculty of Management, Economics and Social Sciences, University of Cologne. Show Testimonial

Location

University of Cologne

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Further Information

Your Personal Contact

WiSo Student Service Point

Student Service

Contact Form click here

Contact Details:
+49 (0) 221/470-8818

Information Package

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Course Website