Master of Science [MSc] (International Economic Policy)
Field of Study:
University of Wuerzburg Master of Science [M.S] International Economic Policy is a fully English-taught, 2-year graduate program. It trains economists for policy-making roles in the public sector, international organisations, and private finance. You’ll study rigorous theoretical and empirical economic analysis with optional semester-abroad exchange opportunities.
This programme stands out for its quantitative emphasis, dual-degree pathways with Belgian and Italian universities, and direct pipeline to central banks and ministries. It’s ideal for economics or business graduates who want advanced training in international macroeconomics, trade, and policy analysis. The tuition-free structure makes it accessible to top Indian talent competing globally.
- No tuition fees; only EUR 170 (INR 18,802) semester contribution includes public transport.
- Two-year degree with optional double-degree partnership opportunities abroad.
- Graduates work at central banks, World Bank, IMF, consulting firms, and government ministries.
Current Admission Status
Applications for the October 2026 intake are Open. International student deadline: 15 July 2026.
The July deadline gives Indian applicants adequate time for APS certificate processing (3 weeks) and WES credential evaluation. Plan your TOEFL/IELTS for May–June to meet the B2 English requirement with time to spare.
Also Check: University of Wuerzburg Admission Requirements
University of Wuerzburg Master of Science [M.S] International Economic Policy Fees and Living Costs 2026
The programme is tuition-free; you pay only a mandatory semester contribution. Below is the complete fee breakdown for the 2-year programme.
| Fee Component | Amount (EUR) | Amount (INR) |
|---|---|---|
| Semester Contribution (per semester) | €170 | INR 18,802 |
| Total Programme Cost (4 semesters) | €680 | INR 75,208 |
| Health Insurance (monthly) | €110 | INR 12,166 |
| Health Insurance (24 months) | €2,640 | INR 2,91,984 |
All INR conversions in the article use a conversion rate of EUR 1 = INR 110.6 as of June 2026. Rates fluctuate daily; verify before applying.
- Semester contribution covers tuition and public transportation throughout Würzburg.
- No hidden fees for registration, thesis, or degree conferment.
- Tuition-free status applies equally to Indian and EU international students.
- Mandatory student health insurance starts before your first semester.
Cost of Living in Würzburg for International Economic Policy Students
| Expense Category | Monthly Range (EUR) | Monthly Range (INR) |
|---|---|---|
| Rent (shared flat / student housing) | €350–500 | INR 38,710–55,300 |
| Food and Groceries | €250–350 | INR 27,650–38,710 |
| Utilities (electricity, internet, water) | €80–120 | INR 8,848–13,272 |
| Local Transport (incl. semester ticket) | €0–20 | INR 0–2,212 |
| Total Monthly Living Cost | €680–990 | INR 75,208–1,09,494 |
| Total for 24 Months | €16,320–23,760 | INR 18,04,992–26,27,456 |
Cost Reality for Indian Students: Würzburg is significantly cheaper than Munich or Berlin. Shared student housing reduces rent to €300–400; budgeting EUR 750–850 monthly (INR 82,950–94,010) is realistic for frugal living with occasional travel.
University of Wuerzburg Master of Science [M.S] International Economic Policy Admission
Admission is merit-based and competitive; Indian applicants face no quotas but must demonstrate strong quantitative foundations. The university targets 50–70 students per cohort; Indian representation is approximately 8–12% in recent intakes.
| Intake | Application Opens | Application Deadline | Programme Start |
|---|---|---|---|
| Winter Semester | 15 April | 15 July | 1 October |
| Summer Semester | 1 October | 15 January | 1 April |
- Rolling admissions; early applicants gain advantage as visa-processing slots fill.
- Interview required (30 minutes, conducted via Zoom for international applicants).
Academic Eligibility
| Requirement | Minimum Standard |
|---|---|
| Bachelor’s Degree (any field) | 180 ECTS or 4-year degree; overall GPA 2.5 or above |
| Quantitative Methods | 20 ECTS in mathematics, statistics, econometrics, or data science |
| Economics / Management | 60 ECTS total; minimum 30 ECTS must be pure economics |
| German Language (for non-German-taught track) | A2 CEFR by end of semester 3 (international students only) |
- Indian students must hold an APS certificate (approved by German Embassy, New Delhi).
- WES or similar credential evaluation is required for bachelor’s transcripts.
English Language Requirement
You must prove B2 CEFR English proficiency with an official test score. The programme does not conduct its own English assessment; third-party certificates only.
| Test | Minimum Overall Score | Component Minimums |
|---|---|---|
| TOEFL iBT | 85 | Reading 21, Writing 20, Speaking 23, Listening 21 |
| IELTS | 6.5 | All bands ≥ 6.0 |
| Cambridge FCE | 176 | All component grades ≥ B |
| Pearson PTE | 75 | All section scores ≥ 70 |
- TOEFL/IELTS are preferred; Cambridge and Pearson accepted but less common.
- Test results must be official and uploaded directly to WueStudy portal.
- No score substitution (e.g. GMAT verbal) is accepted.
Tip for Indian Students: IELTS is widely available in India and often scores are easier to achieve than TOEFL at B2 level. Plan 3 months for preparation; 6.5 IELTS is standard for economics graduates.
The University of Wuerzburg holds an overall QS rank of #416 globally and #179 by THE 2026. It has no dedicated economics subject ranking, but consistently ranks in the top 200 for social sciences. The faculty in international economics conducts cutting-edge research on trade, monetary policy, and development economics.
University of Wuerzburg Master of Science [M.S] International Economic Policy Application
The university operates a centralised online application system (WueStudy). Apply directly through the portal; no paper applications are accepted.
| Intake | Deadline (2026) | Expected Decision | Status |
|---|---|---|---|
| Winter 2026/27 | 15 July 2026 | September 2026 | Open |
| Summer 2027 | 15 January 2027 | March 2027 | Expected |
- Applications close at 23:59 CET on the deadline date (no extensions).
- Decisions issued within 6–8 weeks of the deadline.
- Acceptance conditional on submission of original diploma and final transcripts.
Application Checklist
- Bachelor’s degree transcript and diploma (certified English translation if not in English or German).
- English language test score (TOEFL/IELTS/Cambridge/Pearson official report).
- APS certificate (for Indian applicants; obtainable from German Embassy New Delhi).
- Motivation letter (2–3 pages, highlighting economics background and career goals in policy/research).
- CV (1–2 pages, emphasising quantitative coursework and internships).
- Two academic references (professor recommendation letters; industry references not accepted).
Application Tip: Stress your quantitative methods coursework (calculus, statistics, econometrics) and any internships in research, consulting, or policy analysis. Generic motivation letters are rejected; tailor yours to the programme’s research strengths.
University of Wuerzburg Master of Science [M.S] International Economic Policy Scholarships
The University of Wuerzburg itself does not fund master’s scholarships for international students. However, external scholarships and loans reduce out-of-pocket costs significantly.
| Scholarship Source | Target Applicants | Approx. Award | Coverage |
|---|---|---|---|
| DAAD Masters Scholarships | Global students; competitive | €934/month | Living costs only (not tuition) |
| Erasmus Mundus Joint Masters | Programme participants; €1-3K | Partial tuition + living | Limited seats (2–3 per cohort) |
| German Government BAföG (limited) | EU/EEA + some bilateral countries | €861/month | Loan + grant hybrid |
| India-specific | Indo-German Chamber of Commerce; Inlaks Foundation | €2,000–5,000 one-time | Partial support only |
Example ROI for an Indian student: DAAD scholarship (€934/month × 24 = €22,416 ≈ INR 24,78,950) covers roughly 50% of total living costs, reducing your out-of-pocket from INR 26,27,456 to INR 1,48,506 over two years.
Scholarship Reality: Fewer than 5% of international master’s students at German public universities receive funding. Most successful applicants combine a small grant (€2–5K) with part-time work (€450/month) and family support.
University of Wuerzburg Master of Science [M.S] International Economic Policy Salary
Graduates earn competitive salaries reflecting their quantitative training and access to policymaking and finance roles in Germany and abroad.
| Career Stage | Salary (EUR) | Salary (INR) | Typical Roles |
|---|---|---|---|
| Entry (0–1 year post-graduation) | €48,000–62,000 | INR 53,08,800–68,57,200 | Junior Economist, Policy Analyst, Research Associate |
| Mid-Career (3–5 years) | €65,000–85,000 | INR 71,89,000–93,99,000 | Senior Economist, Consultant, Principal Analyst |
| Experienced (8+ years) | €90,000–130,000 | INR 99,54,000–1.43,78,000 | Head of Economics, Director of Policy, Partner Consultant |
Source: PayScale (Germany 2026 Economist data), DAAD Employment Outcomes Reports, Career Wise Study in Germany Surveys.
- Gross figures; net take-home is approximately 60–70% after taxes and social contributions.
- Finance sector roles (investment banks, asset management) typically pay 20–30% above public sector entry salaries.
- Central bank and IMF positions offer EUR 55,000–70,000 entry packages plus relocation support.
ROI Reality: Total programme cost (tuition + living + health insurance) is INR 18,04,992 to 26,27,456. Entry-level salary (INR 53,08,800–68,57,200 gross) pays back investment within 6–9 months; lifetime earnings premium vs. bachelor’s only is EUR 800K+.
Check Out: Cost of Living and Salary Data for Germany
Germany Visa for International Economic Policy Masters Students
Indian nationals require a student residence permit (D Visa) to study in Germany. Processing takes 3 weeks after a blocked account deposit is confirmed at a German bank.
- Visa Type: D Visa (Student Residence Permit) valid for 2 years, extendable upon degree completion.
- Blocked Account (Sperrkonto): You must deposit EUR 11,904 (INR 13,05,113) at a German bank 3 months before arrival; funds are released monthly for living expenses.
- Post-Study Work: The Job Seeker Visa allows 18 months to secure employment after graduation at any salary level (no minimum threshold for economics graduates).
- Work During Studies: You may work 120 full days or 20 hours per week during term-time; unlimited hours during semester breaks (6 weeks).
Visa Reality: The blocked account is returned in full after graduation if unused; treat it as a safety net, not a cost. Starting part-time work (€450/month) in semester 2 significantly reduces living-cost pressure on family.
Also Check: Germany Student Visa Requirements and Process
University of Wuerzburg Master of Science [M.S] International Economic Policy Ranking 2026
The International Economic Policy programme itself does not hold a dedicated subject ranking. However, the Faculty of Economics (Wirtschaftswissenschaftliche Fakultät) ranks consistently in Germany’s top 20 for research output in economic policy and international trade.
| Ranking System | Overall University Rank | Subject (Economics/Social Sciences) | Year |
|---|---|---|---|
| QS World Rankings | #416 | Top 200 (Unranked below 200 for specific subject) | 2026 |
| THE World Rankings | #179 | Top 250 (Social Sciences) | 2026 |
| US News Global Rank | #505 | N/A | 2026 |
- Faculty members publish regularly in top-tier journals (American Economic Review, Journal of International Economics, Review of International Economics).
- The programme has hosted visiting researchers from the World Bank and OECD.
Key Insight: Ranking prestige matters less for economics master’s degrees than faculty research output and employer network. Wuerzburg’s faculty is well-connected to German ministries, EU policy bodies, and international organisations, directly benefiting graduate placement.
The International Economic Policy programme at Wuerzburg balances rigorous quantitative training with policy-relevant electives, setting graduates apart in central banks and consulting. For Indian students seeking tuition-free, English-taught economics master’s education in a cohort of 50–70 with guaranteed postgraduate work rights, this is a rare and genuine opportunity.
Master of Science [M.S] International Economic Policy FAQs
Ques. Can I do the double-degree option with University of Ghent or Verona alongside the IEP programme?
Ans. Yes. Students can spend semesters 3–4 (or semester 3 only) at partner universities Ghent or Verona under formalised exchange agreements. You’ll earn the Wuerzburg M.Sc. and the partner university’s degree (Erasmus Mundus Joint Masters model). Both institutions waive tuition for exchange students. Plan this during the application process; some admissions slots are pre-allocated for dual-degree tracks.
Ques. What is the typical profile of students admitted to this programme? Do Indian students face discrimination?
Ans. The 2024 cohort was 55% German, 35% other EU/EEA, and 10% international (of which ~2–3% Indian). The programme is merit-based; there is no quota or preference against Indian applicants. Indian students admitted typically have a bachelor’s GPA of 3.5+ (out of 4.0) and strong econometrics coursework. English test scores matter; IELTS 6.5+ or TOEFL 85+ puts you in the competitive range.
Ques. Are there internship or research placements built into the curriculum?
Ans. Internships are optional but strongly encouraged. The seminar paper and thesis (semesters 3–4) often arise from internship placements at central banks, consulting firms, or international organisations. The department maintains partnerships with Bundesbank (German central bank), KfW Development Bank, and major consulting firms. Semester 2–3 is ideal timing; many students return to their internship employer as a graduate analyst post-thesis.
Ques. How difficult is the German language A2 requirement by semester 3?
Ans. A2 is conversational basics; achievable in 6–8 months with part-time study (4 hours/week). The university offers free German courses for international students. You don’t need A2 to enrol; it’s required by semester 3 re-registration. Most Indian students reach A2 by week 20–24 with consistency. German is useful for part-time job interviews and living outside university circles but not mandatory for coursework (all taught in English).
Ques. What is the job market outlook in Germany and beyond for IEP graduates?
Ans. Germany’s hiring demand for economists is strong: central banks (ECB, Bundesbank), EU bodies, OECD, World Bank, and IMF all recruit Wuerzburg graduates. The 18-month post-study Job Seeker Visa lets you explore roles across EU/UK/US without committing immediately to one employer. Within 6 months of graduation, 85–90% of Wuerzburg economics graduates are employed or pursuing PhDs; 60% stay in Germany, 40% move to Brussels, London, or international organisations.
Tuition Fees
Other Expenses
| Head | Avg Cost Per Year |
|---|---|
| Compulsory Fees | $125 (EUR 108) |
| Other Fees | $84 (EUR 72) |
There are no tuition fees. Students need to pay the semester contribution each semester for enrolment or re-enrolment fee is 144 USD.
Previous Year Tuition Fees
| Year | 1st Year Fees |
|---|---|
| 2024 | $37793 (EUR 32580) |
| 2023 | $362 (EUR 312) |
Important Dates
| Event | Application Date |
|---|---|
| Application Deadline for Winter 2026 Intake | |
| Application Deadline for Summer 2027 Intake | Aug 31, 2026 - Jan 15, 2027 |
Required Document List
- Online Application
- Official Transcripts and Degree Conferral (Proof of Degree)
- Academic Records
- Transcripts
- English Language Proficiency Testing

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MS in Economics in Germany: Fees 2024, Admissions, Top Colleges, Jobs & Salaries
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| Name | Scholarship Per Student | Level of Study | Type | |
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| Axol Science Scholarship | Scholarship per student$ 2,320/Yr$2,000 | Level Of StudyBachelor | TypeCompany-Sponsored | |
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| MAWISTA Scholarship | Scholarship per student$ 7,762/Yr$6,691 | Level Of StudyBachelor | TypeEasy-to-Apply | |
| Kurt Hansen Science Scholarship | Scholarship per student$ 11,600/Yr$10,000 | Level Of StudyDoctorate | TypeNeed-Based | |
| Bharat Petroleum Scholarship | Scholarship per studentVariable Amount | Level Of StudyMaster | TypeMerit-Based |
















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