Master of Science[MS] (Economics and Finance)
Field of Study:
$3,420 /Yr
University of Tuebingen Master of Science [M.S] Economics and Finance is a 2-year, full-time, English-taught master’s degree for international students. It costs EUR 6,779.20 (INR 74.26 Lakhs) total and accepts students with strong quantitative and economics backgrounds. Intakes begin each October. Entry requires TOEFL 79+ or IELTS 6.5+.
This programme trains graduates for roles in financial analysis, policy research, and corporate strategy across Europe. It combines economic theory, quantitative methods, and applied finance in an intensive two-year curriculum. The ideal applicant has a bachelor’s in economics, business, or quantitative sciences and seeks a degree that opens doors in investment banking, central banks, or economic consulting.
- 100% English-taught with no German requirement; study visa processing takes 6–60 days.
- Graduates earn EUR 45,000–60,000 (INR 49.28–65.70 Lakhs) entry-level in economics roles across German and EU employers.
- 18-month post-study work permit allows unlimited full-time employment while securing your next role.
Current Admission Status
Applications for the October 2027 intake are Not Yet Open. International student deadline: 15 May 2027.
The application portal typically opens in February 2027. Indian applicants should prepare TOEFL/IELTS scores and a bachelor’s transcript 6 months in advance.
Also Check: University of Tuebingen Economics and Finance Admission
University of Tuebingen Master of Science Economics and Finance Fees and Living Costs 2027
International students (non-EU/non-German) pay a tuition fee plus semester administration costs. The total investment is below most UK and US master’s programs — a key advantage for Indian applicants.
| Fee Component | Per Semester (EUR) | Per Semester (INR) | 2-Year Total (EUR) | 2-Year Total (INR) |
|---|---|---|---|---|
| Non-EU Tuition | 1,500 | 1,64,250 | 6,000 | 6,57,000 |
| Semester/Admin Fees | 194.80 | 21,360 | 779.20 | 85,404 |
| Total per Semester | 1,694.80 | 1,85,610 | 6,779.20 | 74.26 Lakhs |
All INR conversions in the article use a conversion rate of EUR 1 = INR 109.5 as of June 2026. Rates fluctuate daily, verify before applying.
- Non-EU tuition is EUR 1,500 per semester — a fixed rate since 2015, expected to remain stable.
- Semester fees include student services, administration, and student union membership.
- No hidden surcharges, facility fees, or lab costs beyond the semester fee.
- Student health insurance (mandatory) costs EUR 130–160/month separately.
Cost of Living in Tübingen for Economics and Finance Students
| Expense Category | Monthly (EUR) | Monthly (INR) | 2-Year Total (EUR) | 2-Year Total (INR) |
|---|---|---|---|---|
| Accommodation (shared flat) | 280–350 | 30,660–38,325 | 6,720–8,400 | 73.59–92.04 Lakhs |
| Food (self-catering + occasional dining out) | 200–250 | 21,900–27,375 | 4,800–6,000 | 52.56–65.70 Lakhs |
| Health Insurance | 130–160 | 14,235–17,520 | 3,120–3,840 | 34.17–42.05 Lakhs |
| Transport (local transit pass) | 50–80 | 5,475–8,760 | 1,200–1,920 | 13.14–21.02 Lakhs |
| Books, Materials, Personal | 80–100 | 8,760–10,950 | 1,920–2,400 | 21.02–26.28 Lakhs |
| Total Monthly Budget | 740–940 | 81,045–102,930 | 17,760–22,560 | 1.94–2.47 Crore |
Tip for Indian students: Shared flats (3–4 people) cost 30–40% less than private studio flats. University housing lotteries open in spring for the October cohort — apply early.
Read More: Cost of Living in Germany for International Students
University of Tuebingen Master of Science Economics and Finance Admission 2027
Admission is competitive but transparent. The university accepts students with strong quantitative foundations and genuine interest in economic analysis.
| Intake | Application Opens | Deadline | Decision Timeline |
|---|---|---|---|
| October 2027 | Early February 2027 | 15 May 2027 | June–July 2027 |
Intakes are October-only; there is no spring or summer entry point. Plan application submission for March–April 2027 to avoid deadline rush.
Academic Eligibility
| Requirement | Minimum Standard |
|---|---|
| Bachelor’s Degree | Economics, Business, Finance, Mathematics, Physics, or Engineering (evidence of quantitative coursework required) |
| GPA / Bachelor’s Grades | 2.5 or better on German scale (equivalent to 60–70% average); strong performance in microeconomics, macroeconomics, and quantitative methods |
| Core Courses Required | Microeconomics, Macroeconomics, Mathematics (linear algebra, calculus), Statistics or Econometrics |
| Work Experience | Not required; internships or 6+ months professional experience in finance/economics strengthens applications |
- Applicants from non-English-speaking countries need official English proficiency test scores.
- GMAT/GRE not required; strong quantitative coursework in your bachelor’s degree is the primary signal.
- Indian students with bachelors from ICSE/CBSE schools in commerce or science streams are competitive if they took economics and mathematics.
English Language Proficiency
The program is 100% English-taught. Official test minimums are:
| Test | Overall Minimum | Component Minimums |
|---|---|---|
| TOEFL iBT | 79 | Reading 18, Writing 17, Speaking 18, Listening 18 |
| IELTS | 6.5 | Each band 6.0 or above |
| Cambridge CAE / CPE | B2 (CAE 169+) | All components B2 or higher |
- TOEFL and IELTS are equally accepted; IELTS results typically arrive 10–14 days faster.
- Indian test-takers often score 79–85 on TOEFL within 2–3 months of focused preparation.
- No German language requirement; the programme is fully English with no German components.
University of Tuebingen ranks 215th globally on the QS World University Rankings 2026 and holds top-100 status in Life Sciences and Medicine, reflecting research strength across STEM disciplines.
Honest take: Economics candidates with GPA below 2.5 (German scale) or no formal microeconomics coursework face rejection even with strong TOEFL scores.
University of Tuebingen Master of Science Economics and Finance Application 2027
The application process is online-only and straightforward. Submit all documents digitally through the university portal.
| Intake | Application Opens | Deadline | Status |
|---|---|---|---|
| October 2027 | Early February 2027 | 15 May 2027 | Not Yet Open |
- Applications submitted after 15 May 2027 are not reviewed unless spaces remain (very rare).
- Decisions are released in June–July 2027; accept within 4 weeks of receiving your offer.
- Document upload is required for all: bachelor’s transcript, TOEFL/IELTS score, motivation letter, CV.
Prepare your TOEFL/IELTS 6–8 months before the deadline to avoid last-minute cancellations or retake pressure.
Application tip: Upload all documents as single PDFs with clear labels (e.g., "Bachelor_Transcript_2023.pdf"). Portal rejections for file-format errors are common.
University of Tuebingen Master of Science Economics and Finance Scholarships 2027
The program itself offers no dedicated merit scholarships. However, international students are eligible for university-wide and external funding schemes.
| Scholarship | Amount (EUR/month) | Amount (INR/month) | Duration | Eligibility for Master’s Students |
|---|---|---|---|---|
| DAAD Master Scholarships | 861 | 94,276 | 24 months | Competitive; application before enrollment; strong academics |
| STIBET Completion Grant | 549 | 60,126 | 3 months (final semester) | Financial hardship, final semester only |
| STIBET Equal Opportunity | 300 | 32,850 | 5 months | Disability or chronic illness |
| Deutschlandstipendium | 300 | 32,850 | Variable | Exceptional academic talent and financial need |
- Approximately 14% of international students at University of Tuebingen receive any scholarship funding.
- DAAD scholarships are highly competitive and require application 1–2 years before enrollment.
- Most international students self-fund through family support or part-time work (up to 120 working days/year permitted).
Cost reality: A typical scholarship covers 30–50% of annual expenses. Budget your family to cover EUR 10,000–15,000 (INR 10.95–16.43 Lakhs) annually to be safe.
Scholarship reality: Securing a DAAD or STIBET grant is rare for master’s students; treat it as a bonus, not the plan.
Check Out: University of Tuebingen Scholarships for International Students
University of Tuebingen Master of Science Economics and Finance Salary 2027
Graduates move into roles as junior economists, financial analysts, or policy researchers across German and EU employers. Starting salary ranges from EUR 45,000 to EUR 60,000 (INR 49.28–65.70 Lakhs) gross per year.
| Career Stage | Salary Range (EUR) | Salary Range (INR) | Common Roles |
|---|---|---|---|
| Entry Level (0–2 years post-graduation) | 45,000–60,000 | 49.28–65.70 Lakhs | Junior Analyst, Associate Economist, Financial Analyst |
| Mid-Career (5–8 years) | 70,000–95,000 | 76.65–1.04 Crore | Senior Analyst, Policy Economist, Investment Manager |
| Senior (10+ years) | 110,000+ | 1.20 Crore+ | Head of Economics, Director of Research, Partner |
- Gross salaries in Germany include employer health insurance and pension contributions; take-home is typically 60–70% of gross.
- Salaries rise fastest in financial services and consulting roles; government positions have slower salary progression.
- Non-EU citizens in Germany use the EU Blue Card salary threshold (EUR 45,934 for STEM fields) — graduates easily exceed this, easing PR pathways.
Source: German Statistical Office (Destatis), PayScale Germany, Federal Institute for Vocational Education (BIBB) 2024–2025 employment data
ROI reality: Total cost (EUR 6,779.20 fees + EUR 17,760–22,560 living = EUR 24,539–29,339 or INR 2.69–3.21 Crore) is recouped in 5–7 years via salary progression and EU career access.
Read More: Germany Student Visa and Work Permit Guide
Germany Visa Economics and Finance Students 2027
International students need a student residence permit to live and study in Germany. After graduation, you are eligible for an 18-month job-seeker residence permit with unrestricted work rights.
- Student visa requires a blocked bank account (EUR 11,904 or INR 13.09 Lakhs) and proof of admission; processing takes 6–60 days.
- After graduation, the Job-Seeker Residence Permit (Fachkräfteengpasskarte) allows unlimited work while hunting for a permanent role — no employer sponsorship needed.
- Permanent Residence (PR) is available after 33 months of full-time skilled employment at the EU Blue Card threshold (EUR 45,934 gross annually for STEM graduates).
- Spouse and dependent visas are available under family reunion rules; you must prove EUR 934/month income per dependent.
Germany offers the most flexible post-study work pathway in Europe for master’s graduates. Most economics alumni stay 5–10 years and transition to PR or relocate elsewhere in the EU with strong credentials.
Visa reality: You will receive your job-seeker permit upon graduation automatically — no employer sponsorship or separate visa application required.
Check Out: Germany Post-Study Work Visa and PR Pathway
University of Tuebingen Master of Science Economics and Finance Ranking 2027
University of Tuebingen does not hold a subject-specific ranking for economics on QS, THE, FT, or ARWU. The university’s overall global rank (QS 2026: 215th) reflects strong research output across life sciences and engineering.
For master’s students in economics, reputation is built on faculty research output, graduate employment rates, and alumni networks rather than explicit subject rankings. Tuebingen’s economics faculty are active in German economic policy circles and maintain strong industry connections in finance and central banking.
Key insight: Economics master’s rankings are uncommon; focus instead on faculty expertise in your research area and employer placement rates.
Check Out: University of Tuebingen Global Rankings and Reputation
The Master of Science Economics and Finance at University of Tuebingen is a practical, quantitative degree that opens doors across German and EU financial services, policy, and research sectors. The 2-year timeline, English-taught format, and post-study work flexibility make it ideal for Indian applicants seeking to build a career in Europe without language barriers. Apply by May 2027 for October 2027 entry.
Master of Science Economics and Finance FAQs
Ques. Do I need to speak German to study or work in Germany after graduation?
Ans. No. The Economics and Finance program is 100% English-taught, and the 18-month job-seeker permit allows you to work in English-speaking roles in tech, finance, or multinational firms. However, learning German accelerates career growth in established German companies and government roles; B1-level German (6 months of part-time study) is a practical goal for years 2–3 post-graduation.
Ques. Can I work while studying to cover living costs?
Ans. Yes. International students are permitted 120 full working days or 240 half-days per year (roughly 20 hours/week during term). Most economics students work as research assistants (HiWi roles) in university labs or corporate interns earning EUR 450–550/month, which covers 50–60% of monthly living costs.
Ques. What are my career options if I don’t want to stay in Germany?
Ans. A German master’s in economics is recognized across the EU, UK, USA, and major financial hubs. Many graduates move to London, Amsterdam, Paris, or New York after 2–3 years of German work experience. Your EU Blue Card (if earning EUR 45,934+) enables unrestricted intra-EU job mobility.
Ques. Is the application process different for Indian students?
Ans. No. Indians and EU citizens follow the same online application process. However, Indian students must obtain an APS Certificate (Academic Evaluation) from the German Embassy in New Delhi (cost: INR 18,000, processing: 21–28 days) before applying to the university. Submit your bachelor’s transcript and mark sheets to the embassy; they verify authenticity and issue the certificate digitally.
Ques. What is the job market like for fresh economics master’s graduates in Germany?
Ans. Employment is strong. Approximately 70–80% of graduates secure a job within 3–6 months of graduation in financial services, consulting, central banks (Bundesbank), or government agencies. Networking during internships (year 1–2) is critical; start outreach to employers in the spring of your final year.
Tuition Fees
| Year | 1st Year Fees |
|---|---|
| Tuition Fees | $3420 (EUR 3000) |
Other Expenses
| Head | Avg Cost Per Year |
|---|---|
| Compulsory Fees | $456 (EUR 400) |
| Total Cost | $456 (EUR 400) |
Previous Year Tuition Fees
| Year | 1st Year Fees |
|---|---|
| 2024 | $3420 (EUR 3000) |
| 2023 | $3420 (EUR 3000) |
| 2021 | $3796 (EUR 3330) |
Required Document List
- Online Application Form
- Bachelor's Degree Certificate with Transcript of Records
- English Language Proficiency Proof (Fluent English Required)
- Curriculum Vitae
- Letter of Motivation
- Academic References
- Copy of Passport
- Proof of Health Insurance
Do you think the Rankings are wrong ? Report Here
TOP Scholarships
| Scholarship name | Award amount | Eligibility |
|---|---|---|
| STIBET Study Completion Grant | 550 | Merit Based or Financial Need Based |
| Deutschlandstipendium | 300 | Merit Based - Minimum GPA of 1.40 or better required |
Key Resources for Your Study Abroad Journey
Course Guides
Masters of Finance in Germany: Top Universities, Eligibility, Scholarships & Job Opportunities
MS in Economics in Germany: Fees 2024, Admissions, Top Colleges, Jobs & Salaries
MS in Germany: MS in Germany: Deadlines, Fees, Scholarships, Jobs
Scholarship Grants & Financial Aids
| Name | Scholarship Per Student | Level of Study | Type | |
|---|---|---|---|---|
| VueVille Future Technology Scholarship | Scholarship per student$ 1,140/Yr$1,000 | Level Of StudyBachelor | TypeMerit-Based | |
| MAWISTA Scholarship | Scholarship per student$ 7,628/Yr$6,691 | Level Of StudyBachelor | TypeEasy-to-Apply | |
| Kurt Hansen Science Scholarship | Scholarship per student$ 11,400/Yr$10,000 | Level Of StudyDoctorate | TypeNeed-Based | |
| Bharat Petroleum Scholarship | Scholarship per studentVariable Amount | Level Of StudyMaster | TypeMerit-Based | |
| Axol Science Scholarship | Scholarship per student$ 2,280/Yr$2,000 | Level Of StudyBachelor | TypeCompany-Sponsored |
Comments