Photo credit: Anna Logue

Master’s Program in Economics

I have already completed my bachelor's degree at the University of Mannheim and want to stay for my master's. According to various rankings, such as the Times Higher Education Ranking, the Department of Economics of the University of Mannheim is among the leading ones in Europe. In addition, the diversity of the courses on offer in the master’s program is unique: You can even specialize in Competition and Regulation. And indeed: Mannheim is a very livable and lovable city. It has much more to offer than you might think at first glance!

Paul Mannschreck, student in the master’s program in Economics / Photo credit: Ye Fung Tchen / Photo credit: Ye Fung Tchen

The University of Mannheim is one of the best universities in Europe and enjoys an excellent reputation worldwide. That's why I decided to pursue my master's degree here. The students are extremely committed and the professors are excellent in their fields. I am particularly impressed by the libraries, the modern campus and the beautiful palace building!

Md. Najmul Ali, student in the master’s program in Economics / Photo credit: Ye Fung Tchen / Photo credit: Ye Fung Tchen
  • Program facts and information

    Degree: Master of Science (M.Sc.)

    Standard period of study: 4 semesters (2 years)

    ECTS credits: 120-126 
    (introductory phase: 30 ECTS credits, elective modules in the advanced phase: 90-96 ECTS credits)

    Language of instruction: English

    Language requirements: English; for further information on the required proof of language proficiency see Admission requirements and selection

    Program start: Fall semester (September)
    Academic calendar

    School: School of Law and Economics, Department of Economics

    Semester fee: €174.90 (more)
    Tuition fees for international students from non-EU countries: €1,500
    Tuition fees for a second degree: €650

  • Program overview

    The master's program in Economics is taught completely in English. It is guided by a qualitative approach and based on mathematical key principles. Methodical as well as theoretical specialist knowledge is imparted in three specializations in the advanced phase which are structured differently in terms of content and structure. The program is therefore aimed both at those who are interested in a career in business and those who wish to embark on an academic career.

    In the introductory phase, advanced knowledge in macro- and microeconomics as well as in econometrics is imparted. Our students are thus perfectly prepared to deal with theoretical and empirical work in economics and related fields in an independent, systematic and well-founded manner. In addition, necessary theories and methods for the further course of studies are imparted.

    The further course of study depends on the specialization chosen in the advanced phase:

    • Students of the Economics track have the opportunity to choose their own specializations and to also take modules from neighboring programs of study programs, such as the Mannheim Master in Management program or the master’s programs of the School of Social Sciences (Sociology and Political Science).
    • The Competition and Regulation Economics (CaRE) track offers students the opportunity to take tailor-made, interdisciplinary courses in the field of competition and regulation, thus focusing on topics combining Law and Economics
    • The Research track offers students the possibility to develop their academic profile in advanced doctoral courses.

    As a rule, the master’s degree concludes with the master's thesis. Each student is mentored by an academic staff member from the department.

  • Why study Economics at the University of Mannheim?

    Studying in Mannheim means studying at one of the most renowned institutions for Economics in Europe. Independent national and international rankings have confirmed the outstanding quality of research and teaching at our university on a number of occasions. The Economics program in Mannheim was number one in the 2017 CHE university ranking. In the 2018 Times Higher Education World University Rankings by Subject, the University of Mannheim was ranked number 20 worldwide for Economics and Business Administration (take a look at the rankings here).

    The University of Mannheim is part of a global network: Students enrolled in the master's program in Economics have the opportunity to participate in the double degree program ENTER Research Masters and to obtain a double degree at a renowned European partner university.

    Outstanding students can also directly join the doctoral program in Economics at the Graduate School of Economics and Social Sciences (GESS) in Mannheim and thus save two years compared to the duration of a conventional combination of a master's degree and a subsequent doctoral program.

    Our teachers have leading positions in various fields of research. In addition, the Department of Economics cooperates with well-known companies and institutions such as the neighboring Center for European Economic Research (Zentrum für Europäische Wirtschaftsforschung, ZEW), the German Monopolies Commission and the Competition Commission of Singapore.

  • Career opportunities

    Economists may be employed wherever an understanding of economic issues is required. 

    Depending on their specialization, they can work, for example, in ministries and international organizations, in politics, or in the banking and insurance sectors. Administrative departments at federal, state and community institutions, the European Central Bank, the Bundesbank, the Federal Statistical Office, and treasuries and associations are some of the most important employers for economists. In addition, it is possible to work in business consulting or business journalism.

    Economists can also pursue a career in academia either in Germany or abroad.

  • Required interests and skills

    Students of the master’s program in Economics should:

    • be interested in economic issues and scientific research,
    • have a solid basic knowledge of mathematics, macro- and microeconomics, econometrics and statistics,
    • be not afraid of in-depth study of models, theories, data sets and statistical software,
    • be capable of abstract thinking, have sound analytical skills and the ability to reason,
    • be able to write and speak clearly.
  • Program structure

    Module catalog
    The module catalog gives you an overview of the courses and their content.

    Studying abroad
    During the master's program, spending a semester abroad is optional. If you would like to study abroad, you have various options.

    The University of Mannheim is well-connected internationally, and has around 450 partner universities around the world. Students enrolled in the master's program in Economics can thus apply not only for university-wide programs but also for program-specific placements, for example at the Hong Kong University of Science and Technology (HKUST).

    In addition, they have the opportunity to participate in the double degree program ENTER Research Masters and to obtain a double degree at a renowned European partner university.

    Internships
    Completing an internship during the master’s program in Economics is optional. If you would like to do a voluntary internship, the School of Law and Economics, thanks to its strong business contacts, will be in the best position to assist you with the organization. For example, the Department of Economics arranges tailor-made internships with our cooperation partners for students in the Competition and Regulation and Economics tracks.

  • Doctorates

    Outstanding students can also directly join the doctoral program in Economics at the Graduate School of Economics and Social Sciences (GESS) in Mannheim and thus save two years compared to the duration of a conventional combination of a master's degree and a subsequent doctoral program.

    Graduates of the master’s program in Economics have a very good chance of gaining a doctoral position at a chair or in a renowned doctoral program.

  • Admission requirements and selection

    Each application is evaluated independently by two post-doctoral researchers from the Department of Economics. Applicants are assessed according to their motivation and suitability.

    Applicants need to have a bachelor’s degree in Economics from a university in Germany or abroad or from a state-recognized university of cooperative education (Berufsakademie). A degree in a different field is sufficient if it can be recognized as equivalent. This is usually the case if at least 60 ECTS credits (or equivalent) have been earned in macro/microeconomics, econometrics, statistics and mathematics. The following requirements must be met:

    • a total of 180 ECTS credits or a standard period of study of six semesters,
    • a grade average of at least 2.5 or better (according to the German system).

      In addition, applicants must submit the following documents:

      • letter of motivation in English (with a maximum 500 words),
      • letters of recommendation from two university teachers.
      • Submission of an academic essay written by the applicant of up to 10 pages and other documents relevant to the application, e.g. (work) certificates for internships or other subject-related activities is optional.

      An admissions committee then selects potential students based on the application criteria by means of a ranking. 

      Language requirements
      You must be very proficient in English. We accept the following as proof of language proficiency:

      • a higher education entrance qualification from a school with English as the language of instruction after at least two years of school,
      • the successful completion of a program of study at a higher education institution with English as the language of instruction and examination after at least one year,

      Selection statutes
      You can find the exact requirements for the program in the selection statutes, which are only available in German.

    • Application

      Application deadline
      The application period for the fall semester is from March 15 to April 30. It is not possible to start your program in the spring semester.

      Admission to an advanced semester
      If you want to apply for an advanced semester, please contact Ms. Dörr in the Admissions Office.

    Contact

    Sebastian Herdtweck

    Sebastian Herdtweck

    Program Manager M.Sc. Economics and Exchange Coordinator
    University of Mannheim
    Department of Economics
    L 7, 3-5 – Room 4.05
    68161 Mannheim
    Phone: +49 621 181-1763
    Fax: +49 621 181-1774
    E-mail: econgrad(at)uni-mannheim.de