Master of Science in Economics

University of Cologne Faculty of Management, Economics and Social Sciences

Program Description

Master of Science in Economics

University of Cologne Faculty of Management, Economics and Social Sciences


Thank you for your interest in the master's programmes of the WiSo-Faculty.

On this webpages you will find all required information on the Master Economics - you will get a sneak peak into the programme structure as well as all facts about the admission criteria and the selection procedure.

In a nutshell

  • Standard period of study: 4 semesters, full-time
  • Start: Fall term
  • Degree title: Master of Science (M.Sc.)
  • Language: English
  • Fees: Only Social fee

Curricular design

The master programme Economics consists of 120 ECTS- (European Credit Transfer System) Points and is designed as a 4-semester full-time programme. It is a consecutive master degree based on a bachelor degree within the field of economics.

The Core and Advanced Section of the master programme economics contains 48 credit points. This area covers content-specific and methodological basics of micro and macroeconomics, statistics, econometrics and mathematics. These competencies enable students to comprehend scientific literature of economic science and furthermore to independently analyse economic problems on an advanced theoretical and empirical level. Students will be able to select modules on a research- and methods oriented level (Research Track Modules), which allows them to assemble a course package following already acquired knowledge, interest and training objective.

In the Specialisation Section, students chose two out of six different subareas (fields). In each one, 18 credit points with 3 specialisation modules have to be obtained. These fields reflect research- and application focuses of the faculty in the area of economics:

  • Design and Behavior
  • Energy Economics
  • Growth, Labor and Inequality in the Global Economy
  • Markets and Institutions
  • Macroeconomics, Money and Financial Markets
  • Public Economics
  • Statistics and Econometrics

Students also have the possibility to have credits acquired during a semester abroad accounted for at the WiSo-Faculty.

The Supplementary Section serves as an additional section to develop a more specific profile – either by deepening and specialising or by diversifying knowledge. Further modules of the extensive course offer of the faculty from economics as well as from social sciences or business administration are available to students. Examples for modules are e.g. finance, corporate strategy, economic psychology or economic geography. This area covers 12 credit points.

Detailed information concerning the curricular design is available on our homepage in the area of “study”. Especially at the beginning of your studies, individual consultations will help to make the right choices over the course of the programme.

Only the best for your career

In the M.Sc. Economics, students profit from the theory- and methods oriented approach of the WiSo-faculty of the University of Cologne that combines research and teaching with practice.

Graduates find possible fields of employment in specifically economic dominated areas of public institutions like ministries, central banks, agencies, and public authorities (like antitrust divisions or regulatory authorities), European institutions (like the European Commission) or international institutions (like the OECD, IWF or World Bank). Additionally, universities and research institutes as well as economic departments of private institutions (banks, consulting agencies, larger industrial corporations, organisations or the media) offer jobs for economists. Moreover, graduates of this programme are especially in demand in other areas of the private sector (like consulting agencies, investment banking or corporations of the network industry).

The faculty supports student´s professional ambitions via the WiSo-Career-Service.

PhD studies: Research Track

The “Research-Track” programme, which is offered in cooperation with the Cologne Graduate School (CGS) provides support to design your master studies in line with requirements for a subsequent PhD-programme in economics. If you consider applying for a PhD-programme after obtaining your Master of Science, you will find information about offers and the application procedure of these Research Tracks on our homepage.

Not international enough?

The faculty provides extensive credit transfer possibilities and a window of mobility in the 3rd semester to offer students the possibility to spend a semester abroad at one of our numerous partner universities. Further Information can be found on the homepage of our International relations center.

Admission Requirements

The admission requirements must be fulfilled until the application deadline:

Bachelor's degree

Application in the case of unfinished Bachelor studies: In cases where present Bachelor studies have not been fully completed, application is permitted if the candidate has earned at least 80% of the required credits and will have achieved the remaining results by 30 September at the latest. The specific admission criteria governing the designated course of study (including the overall grade) must already have been fulfilled on the basis of the exam results available at the time of application.

Overall grade of at least 2.7 (German grade) in the Bachelor’s degree

Fulfilment of the following subject-related requirements

  • At least 18 ECTS credits in Economics
  • At least 48 ECTS credits in further Economics, Business Administration and/or Social Sciences
  • At least 15 ECTS credits in Statistics and/or Mathematics


  • At least 40 ECTS in Mathematics

Language requirements

  • English language skills C1

Selection procedure

Within the selection process each applicant receives an individual score that consists of the following criteria:

  • Grade earned in the preceding Bachelor’s degree [68-34 points]
  • Result of the admission test TM-WISO/ GMAT/ GRE [32 - 0 points]

The above criteria are used to determine a score for each candidate. Study places are subsequently allotted according to an applicant’s position on the ranking list.

Information on the application

From the end of March/ beginning of April onwards you can submit your application via WiSo Faculty's Master's Application Portal. Applicants with a (bachelor’s) degree acquired abroad must additionally apply via uni-assist online as well as postal until 15 June (date of receipt). If you apply for our Double Master’s Programme(s) the deadline is 1 may (date of receipt). Uni-assist requires the following documents:

  • authenticated (and translated) copy of the bachelor certificate (and the transcript of records)
  • authenticated (and translated) copy of the school certificate
  • authenticated copy of the original English language certificate
  • authenticated copy of these documents in the original language, if translated
  • as Chinese, Mongolian or Vietnamese applicant: original APS certificate. More information about the APS can be read on this website.

Please note that uni-assist charges fees.

Detailed information about the admission procedure, admission deadlines and required documents are provided at the application website.

We are looking forward receiving your application!

This school offers programs in:
  • English
  • German

Last updated November 28, 2016
Duration & Price
This course is Campus based
Start Date
Start date
Oct. 2017
4 semesters
Full time
June 15, 2017
Start date Oct. 2017
Germany Cologne, North Rhine Westphalia
Application deadline June 15, 2017
End date Request Info
Duration 4 semesters
Price Request Info

Master’s Programmes WiSo Faculty, University of Cologne