Master of Science in Economics

University of Cologne Faculty of Management, Economics and Social Sciences

Program Description
EFMD Equis Accredited

Master of Science in Economics

University of Cologne Faculty of Management, Economics and Social Sciences


The Economics master programme consists of 120 ECTS (European Credit Transfer System) points and is designed as a full-time 4-semester programme. It is a consecutive master degree based on a bachelor’s degree within the field of economics. The core and advanced sections cover content-specific and methodological foundations in micro and macroeconomics, statistics, econometrics and mathematics. These competencies enable you to comprehend scientific literature on economic science and independently analyse economic problems on an advanced theoretical and empirical level. There is a variety of research and method oriented modules (Research Track Modules) to choose from, allowing you to put together a course package that best suits your level of knowledge and training objectives.

In the specialisation section, you chose two of seven different sub-areas (fields) to specialise in. These fields reflect the faculty’s method and research focus within 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

The supplementary section enables you to develop a more specific profile – either by deepening and specialising or by diversifying knowledge. Examples for modules are e.g. finance, corporate strategy, economic psychology or economic geography. Students also have the possibility to acquire credits during a semester abroad, accounted for at the WiSo Faculty.


Only the best for your career

As a graduate you will find possible fields of employment in areas of public institutions such as ministries, central banks, agencies, and public authorities (such as antitrust divisions or regulatory authorities), European institutions (such as the European Commission) or international institutions (such as the OECD, IWF or World Bank) which are specifically related to economics. 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 have fantastic job prospects in other areas of the private sector (such as consulting agencies, investment banking or corporations in the network industry).

Furthermore, so-called “Master Fast Tracks” offer the possibility of already taking classes relevant to future PHD-studies to distinguished scholars.

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.

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

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.

This school offers programs in:
  • English
  • German

Last updated December 1, 2017
Duration & Price
This course is Campus based
Start Date
Start date
Oct. 2018
4 semesters
Full time
Germany - Cologne, North Rhine Westphalia
Start date: Oct. 2018
Application deadline Request Info
End date Request Info
Oct. 2018
Germany - Cologne, North Rhine Westphalia
Application deadline Request Info
End date Request Info
Price € 261 per semester incl. public transportation ticket

Master’s Programmes WiSo Faculty, University of Cologne