International Programmes 2021/2022

Economics and Finance (MSc) Economics and Finance (MSc)

University of Tübingen • Tübingen

Master of Science in Economics and Finance
Teaching language
  • English

Courses are entirely held in English. Participants write their Master's theses in English.

Programme duration
4 semesters
Winter semester
More information on beginning of studies

Courses start in October.

Application deadline

15 May for the following winter semester
Please check our homepage.

Tuition fees per semester in EUR
Additional information on tuition fees

Approx. 1,500 EUR per semester for students from non-EU countries

Combined Master's degree / PhD programme
Joint degree / double degree programme

The 2008 crisis originating in the financial sector had severe consequences for economies and societies worldwide. Therefore, it is of the utmost importance that decision makers in financial institutions, regulatory offices, and central banks have a sound understanding of economic theory, the financial instruments designed for risk management, and the tools of modern econometric analysis. Consequently, the MSc in Economics and Finance combines the strengths of our school in economics, finance and econometrics to endow our graduates with the skills needed to address these issues.

Graduating from our programme, you will be able to analyse financial and economic data in a scientific manner. You will know how prices of risky assets should be determined and understand why financial instruments like options and futures can increase social welfare, even though they may involve potential risks for individual investors and financial stability.

Throughout the programme, you will acquire methodological skills (theoretical, econometric, and programming) and expertise that greatly enhance your career perspectives. An MSc in Economics and Finance is the first step towards an ambitious professional career in private and public (financial) institutions or academia.

Course organisation

Our MSc in Economics and Finance candidates are required to pass at least one of the two core courses in economics, finance, and econometrics, respectively (27 ECTS credits). To allow for tailored curricula accommodating personal research interests, students may then concentrate on specialised field courses, which can be flexibly bundled into modules adding up to another 27 ECTS credits. Moreover, elective courses allow students to further deepen their specialisation or, alternatively, to broaden their expertise by attending complementary courses, including interdisciplinary elements. The elective studies similarly add up to 27 ECTS credits. Many courses also contain a practical class, in which students learn to use econometric and statistical software packages (Matlab, GAUSS, SAS, Stata) to perform empirical analyses and to implement numerical methods in finance and economics. A command of these tools enables our students to write Master's theses with genuine quantitative research results. The importance of the Master's thesis is reflected in its weight of 30 ECTS credits, corresponding to six months fully devoted to working on the thesis.

Types of assessment

Written and oral examinations, assignments

International elements
  • Specialist literature in other languages
Integrated internships

Although there is no compulsory internship, a specialised office will assist students in finding an internship if they so wish.

Course-specific, integrated German language courses
Course-specific, integrated English language courses
Tuition fees per semester in EUR
Additional information on tuition fees

Approx. 1,500 EUR per semester for students from non-EU countries

Semester contribution

Enrolment fees at the University of Tübingen are currently about 160 EUR per semester. This includes use of local public transport free of charge from Monday to Friday in the evenings, at weekends, and on public holidays. In addition, students may purchase a semester ticket for unlimited use of public transport in the city of Tübingen and the surrounding area (currently about 100 EUR).

Costs of living

According to the Tübingen Student Services Organisation (“Studierendenwerk”), estimated basic student expenses are about 850 EUR per month, including rent for student accommodation. Rent for private accommodation will typically be more expensive.

Funding opportunities within the university
Academic admission requirements

Admission to the MSc in Economics and Finance programme requires a Bachelor’s degree in Economics, Business Studies or a related field with excellent grades. Applicants are expected to have sound intermediate level knowledge in the following:

  • Microeconomics,
  • Macroeconomics,
  • Finance, and
  • Quantitative Methods (Mathematics/Statistics/Econometrics)

Admission is subject to a competitive selection procedure that includes individual interviews with faculty members. Short-listed candidates from abroad will be interviewed in a video conference.

For further information about the application process, see our website.

Language requirements

The entire programme is taught in English. Applicants should thus be fluent in English:

  • TOEFL iBT: 80 or
  • TOEFL PBT: 550 or
  • IELTS: 6.0 (Overall band) or
  • Cambridge: CAE, CPE or BEC Higher or
  • TOEIC: 700 or
  • UniCert III Certificate or
  • German HZB (e.g. Abiturzeugnis, Fachhochschulreife) listing English as a subject taken or
  • Bachelor's degree in English/American Studies or
  • Bachelor's degree from an English-speaking country

Knowledge of German is not required to complete the programme. However, German classes are available.

Application deadline

15 May for the following winter semester
Please check our homepage.

Submit application to

Online application:
For questions regarding the application process, please contact


Accommodation is available through the Student Services organisation (“Studierendenwerk“) or on the private market. Rooms in student accommodation cost approx. 200-400 EUR per month. As Tübingen is a very attractive place to live, private accommodation is more expensive and can take some effort to find. To make sure you find a suitable place to live, you should start looking as early as possible.

We recommend you apply for student accommodation through the “Studierendenwerk” at the same time that you apply for admission to the programme (See: and and send in a copy of your notification of admission as soon as you have received it. (Your application won’t be processed before the “Studierendenwerk” has received proof of your admission.) For further information, check out the “Studierendenwerk” website on housing in Tübingen (

Career advisory service

The Centre for Corporate Contact brings together companies, students, and instructors. It initiates contacts between companies or public institutions and students, supports students in career planning and entry, and introduces interesting academic topics to the public. This centre promotes cooperation with those in responsible positions and thus contributes to the successful start of our graduates' careers.

Specific specialist or non-specialist support for international students and doctoral candidates
  • Welcome event
  • Specialist counselling
Support programmes for international students

The University of Tübingen’s office of "Advising and Admission of International Students" offers advice on all academic matters ( German courses are available at the university’s "House of Languages", including “early bird” and evening classes for beginners, which are specially designed for international Master's and PhD students. The full German course programme is available at The student initiative “StudiT” (“Studierenden-Initiative Internationales Tübingen”) offers a buddy programme and a wide range of social activities during the orientation week and throughout the semester (, At the School of Business and Economics, the coordinator of Academic and International Affairs and a student aide will support students with academic and organisational matters.

University of Tübingen

Content Bild
University of Tübingen, the "Neue Aula" © University of Tübingen, Alexander Gonschior

University of Tübingen

Innovative, interdisciplinary, international: These three words summarise what makes the University of Tübingen special. Excellent research and teaching are Tübingen’s answer to the challenges of the future in a globalised world. We maintain exchanges with partners around the globe. Networks and cooperation across faculty and subject boundaries are the pillars of our successful strategy. This is reflected in our good position in international rankings. In addition, we are one of the eleven German universities distinguished with the title of “excellent.” The University of Tübingen has been a place of top-level research and excellent teaching for more than 500 years. Some 27,500 students from Germany and around the world are enrolled here in our more than 335 study programmes, including numerous international programmes taught entirely in English.

School of Business and Economics

The School of Business and Economics at the University of Tübingen is committed to high-level academic education in both business administration and economics. It features a faculty of 24 professors and about 45 junior researchers, all of whom are actively engaged in academic research.
Our Bachelor's and Master's programmes mirror the widely respected academic expertise of the faculty. Students benefit from courses taught at the frontier of academic research as well as from dedicated tutoring and learning in small groups, with close contact to academic staff.
The School of Business and Economics offers three Bachelor's of Science programmes and ten different Master's of Science programmes that allow students to specialise in areas with promising career prospects.

27,500 Total number of students
14% International students

University location


  • is located in south-western Germany about 40 kilometres south of Stuttgart.
  • has some 90,000 inhabitants. The town’s many students and its numerous young families make Tübingen Germany’s "youngest city” based on the average age of its residents.
  • is one of the most coveted places to study in Germany – both because of the excellent conditions for students and researchers and the unique charm of the town.
  • boasts a renowned historic centre with many cafés, restaurants, and shops as well as outstanding cultural activities.
  • is a very safe place to be and has excellent public transport.
  • is well known for its inhabitants' eco-friendly attitudes.
  • is surrounded by beautiful countryside. The Black Forest and the hills of the Swabian Jura are not far away and provide excellent opportunities for climbing, canoeing, hiking, and biking as well as skiing in the winter.