At a glance
24 mo
Duration
6.0
IELTS
€0k
Tuition / yr
en
Language
Master's
Level
- Regularly achieves top positions in national and international university rankings.Rankings
- Globally recognized alumni in leadership roles.Career Prospects
- Opportunity to specialize in areas like Energy & Environmental Economics or Finance.Specialization
- Small cohorts ensure close supervision and individualized support.Student Support
- International focus with over 125 partner universities for study abroad.Internationality
- Taught exclusively in English.Language of Instruction
The Master's program in Economics at the University of Münster is an English-taught program designed for students interested in the intersection of economic principles and real-world challenges. It offers a research and practice-oriented education, equipping graduates with advanced knowledge and analytical skills. The program emphasizes a strong foundation in microeconomics, macroeconomics, industrial organization, and empirical methods, allowing for deep dives into specialized areas. Graduates are well-prepared for diverse careers in public administration, international organizations, research, or entrepreneurship, with alumni holding top positions globally.
Curriculum
The program begins with an advanced introduction to core economic areas: microeconomics, macroeconomics, industrial organization, and empirical methods. Students can tailor their studies from the first semester by choosing from eleven elective modules. The curriculum includes seminars and project work to enhance independent research skills, culminating in a Master's thesis. The third semester is designated as a mobility window for optional study abroad.
- Year 1
- Advanced Microeconomics
- Advanced Macroeconomics
- Industrial Organization
- Empirical Methods
- Elective Modules
- Year 2
- Elective Modules
- Project Studies
- Master's Thesis
Careers
Graduates are prepared for diverse career paths in both the public and private sectors, as well as academia. The program fosters skills for leadership, research, and policy influence. Guest lectures by industry professionals and academics provide insights into various career trajectories.
- Positions in public administration
- Federal banks
- International organizations
- Research positions
- Policy advisors
- Roles in companies
Frequently asked questions
- What are the tuition fees for this Master's program?
- The University of Münster does not charge tuition fees for Master's programs. You should budget for living costs, which are estimated at €12,000 per year.
- What are the entry requirements for the Master's in Economics?
- You need a Bachelor's degree with at least 120 ECTS, including 40 ECTS in core foundational areas like mathematics, statistics, or computer science. Proof of English proficiency, such as an IELTS score of 6.0, is also required.
- In which language is the Master's program taught?
- The Master's program in Economics is taught exclusively in English.
- How long does the Master's program take to complete?
- The program is structured over two years. The second year includes project work and culminates in a Master's thesis, with the third semester available as a mobility window for study abroad.
- What are the application deadlines for the Master's program?
- The application period for the Winter Semester is from the beginning of May to July 15. For the Summer Semester, the application period is from the beginning of November to January 15.
- What career paths can graduates pursue?
- Graduates are prepared for roles in public administration, federal banks, international organizations, research positions, policy advising, and various companies.
Entry requirements
Bachelor's degreeA completed Bachelor's degree program from a German or foreign university with a study proportion of 120 ECTS is required. At least 40 ECTS must be earned in core foundational areas, including specific credit points in mathematics (Analysis, Linear Algebra, Discrete Mathematics, or Numerical Methods) and statistics (Descriptive Statistics, Probability Theory, or Inferential Methods), or computer science (Algorithms, Data Structures, Programming/Software Engineering, or Theoretical Computer Science). The remaining 80 ECTS should be from additional relevant courses in mathematics, computer science, statistics, or data science. For specific tracks like Data Science in Physics, Chemistry, or Pharmacy, specific ECTS requirements in those fields apply.
IELTS6.0 overall
English Language ProficiencyB2 level
Applicants who did not obtain their university entrance qualification at a German-speaking institution may need to provide proof of German language proficiency according to DSH examination regulations, unless German is their native language.
Fees
Tuition (international)No tuition fees.
Tuition (home)No tuition fees.
LivingEstimated €12,000 per year.
University of Münster does not charge tuition fees for Master's programs. Living costs are estimated.
How to apply
1. Complete the Online ApplicationSubmit your application via the University’s official application portal: studienbewerbung.uni-muenster.de/bewerbungsportal/
2. Prepare Required DocumentsGather your Transcript of Records (including GPA), school leaving certificate, proof of English language proficiency, and any specific forms required for your chosen specialization (e.g., Application Supplement for Mathematical and Computational Data Science).
3. Upload DocumentsUpload all required documents to the application portal.
4. Submit ApplicationFinalize and submit your application before the respective deadline.
Frequently asked questions
What are the tuition fees for this Master's program?
+
The University of Münster does not charge tuition fees for Master's programs. You should budget for living costs, which are estimated at €12,000 per year.
What are the entry requirements for the Master's in Economics?
+
You need a Bachelor's degree with at least 120 ECTS, including 40 ECTS in core foundational areas like mathematics, statistics, or computer science. Proof of English proficiency, such as an IELTS score of 6.0, is also required.
In which language is the Master's program taught?
+
The Master's program in Economics is taught exclusively in English.
How long does the Master's program take to complete?
+
The program is structured over two years. The second year includes project work and culminates in a Master's thesis, with the third semester available as a mobility window for study abroad.
What are the application deadlines for the Master's program?
+
The application period for the Winter Semester is from the beginning of May to July 15. For the Summer Semester, the application period is from the beginning of November to January 15.
What career paths can graduates pursue?
+
Graduates are prepared for roles in public administration, federal banks, international organizations, research positions, policy advising, and various companies.