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🇩🇪 2 years (4 semesters) · Winter semester (Oct)

Masters in Economics in Germany

A master's in Economics covers micro and macro theory, econometrics and applied fields such as development, finance and policy. Here is how studying it in Germany works for Indian students — universities and costs in rupees, eligibility, careers and work rights.

  • 10 universities compared
  • From ₹29 lakh – ₹31 lakh
  • Intakes: Winter semester (Oct)
  • Post-study work

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Quick answer

Masters in Economics in Germany: what does it cost and is it worth it?

A master's in Economics in Germany usually takes 2 years (4 semesters). On our list, 10 universities offer it, with total costs from ₹29 lakh – ₹31 lakh (FU Berlin) to ₹34 lakh – ₹37 lakh (Mannheim). After graduating: up to 18 months to find a job related to your degree.

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Official sources: German Missions in India — Student visa

Masters in Economics in Germany at a glance

Duration
2 years (4 semesters)
Tuition (international)
Usually no tuition at public universities; €150–€400 semester contribution (private €10,000 – €30,000/yr)
Living costs
Blocked account ≈ €11,904 per year (€992/month, 2025 figure)
Typical budget
₹12–25 lakh for a 2-year master's at a public university
Intakes
Winter semester (Oct), Summer semester (Apr)
English tests
IELTS or TOEFL for English-taught programs; German (TestDaF/DSH) for German-taught
GRE / GMAT
GRE is requested by some top technical universities (for example TUM for certain programs)
Post-study work
Up to 18 months to find a job related to your degree

Overview

Why study Economics in Germany?

A master's in Economics covers micro and macro theory, econometrics and applied fields such as development, finance and policy.

Germany offers tuition-free public universities for most programs, strong engineering, automotive and research ecosystem and 18-month job-seeker period after graduation.

Universities

Universities for Economics in Germany

Sorted by total cost for the whole program, in rupees.

Universities for Economics in Germany
UniversityCityTuition a yearTotal in ₹
FU BerlinBerlin€600 – €800₹29 lakh – ₹31 lakh
Goethe UniversityFrankfurt€600 – €800₹29 lakh – ₹31 lakh
BonnBonn€600 – €800₹29 lakh – ₹31 lakh
CologneCologne€600 – €800₹29 lakh – ₹31 lakh
GöttingenGöttingen€600 – €800₹29 lakh – ₹31 lakh
PassauPassau€600 – €800₹29 lakh – ₹31 lakh
HU BerlinBerlin€700 – €800₹29 lakh – ₹31 lakh
HamburgHamburg€700 – €800₹32 lakh – ₹34 lakh
LMU MunichMunich€700 – €800₹35 lakh – ₹36 lakh
MannheimMannheim€3,000 – €3,800₹34 lakh – ₹37 lakh

Specialisations

Popular Economics specialisations

Econometrics

Offered as a track or elective set at many universities in Germany.

Development Economics

Offered as a track or elective set at many universities in Germany.

Financial Economics

Offered as a track or elective set at many universities in Germany.

Public Policy

Offered as a track or elective set at many universities in Germany.

Behavioural Economics

Offered as a track or elective set at many universities in Germany.

Eligibility

Entry requirements

Usual expectations — each university sets its own minimums.

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  • Bachelor's: BA/B.Sc in Economics
  • Bachelor's: B.Sc in Maths or Statistics
  • Bachelor's: B.Tech/B.Com with strong maths
  • Prerequisite: Calculus
  • Prerequisite: Statistics
  • Prerequisite: Intermediate micro and macro economics
  • English: IELTS or TOEFL for English-taught programs; German (TestDaF/DSH) for German-taught
  • GRE/GMAT: GRE is requested by some top technical universities (for example TUM for certain programs)

Careers

Careers after Economics in Germany

Careers after Economics in Germany
Common rolesSkills employers look for
Economic AnalystEconometrics
Data / Research AnalystStata / R / Python
Policy AnalystPolicy analysis
ConsultantResearch writing
Quantitative ResearcherEconometrics

FAQs

Frequently asked questions

Still have a question?

Ask a counsellor directly — we reply on WhatsApp during working hours (Mon–Sat, 9 AM–6 PM IST).

It can be, if cost, university and career plan line up. Germany offers tuition-free public universities for most programs. Typical roles afterwards include Economic Analyst, Data / Research Analyst and Policy Analyst.

On our list: FU Berlin, Goethe University, Bonn, Cologne, Göttingen and Passau and 4 more.

From ₹29 lakh – ₹31 lakh at FU Berlin up to ₹34 lakh – ₹37 lakh, including living and one-time costs.

Most universities accept BA/B.Sc in Economics, b.Sc in Maths or Statistics and b.Tech/B.Com with strong maths, with calculus, statistics and intermediate micro and macro economics, plus IELTS or TOEFL for English-taught programs; German (TestDaF/DSH) for German-taught.

Up to 18 months to find a job related to your degree. During your studies: 140 full days or 280 half days per year.

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