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MSc
Master
Financial Economics
Winter: Jul 15, 2026
Duration
4 semesters
Language
English
EURTuition
Free
Intake
Winter
About Financial Economics
Otto von Guericke University (OVGU) Magdeburg is a renowned institution known for its excellent academic programs and research opportunities. The university offers a course in Financial Economics, which provides students with a comprehensive understanding of financial markets, investment strategies, and economic theories. The program is designed to equip students with the necessary skills and knowledge to analyze and manage financial risks, make informed investment decisions, and understand the global economic landscape. With a strong emphasis on practical application and real-world scenarios, the course at OVGU Magdeburg prepares students for successful careers in finance, banking, and economic research. The university's faculty members are experts in their field, providing students with valuable insights and mentorship throughout their academic journey.
Fields of study
Economics(Business & Economics)
Finance & Banking(Business & Economics)
How to apply
Channeluni_assist
Modeonline_plus_hardcopy
Admission eligibility
What you need to apply for Financial Economics at Otto von Guericke University (OVGU) Magdeburg
English language
IELTS Overall
7/ 9.0
Public info
View English requirements detailsHide details
Proof of English skills with one of the following options:
1. Written verification that a bachelor’s degree or university
diploma has been gained from a relevant study program taught
exclusively in English.
An official confirmation statement from the university is a strict
requirement (grade transcript, diploma, certificate...)
2. TOEFL: iBT 108 points or
IELTS: score 7.0 or
OvGU code: TOEFL 0183; IELTS: 0627.
3.At least 30 ECTS gained from English taught modules in a
German study program
A list of relevant modules including credit points and teaching language,
with a confirmation from the university is a strict requirement.
4. GMAT min. score 550 in total or
GRE min. score 148 in quantitative + 143 in verbal.
5. UNIcert III “English” certificate or higher.
German language
Maximum German grade(lower is better)
2.9
Public info
Academic requirements
Minimum ECTS credits
140
Public info
View academic requirements detailsHide details
Relevant bachelor's, diploma, or comparable degree with at least 140 ECTS (at the time of applying), and an average grade of 2.9 or better, determined from the examination results.
- A study program is relevant if at least 60 ECTS (EU degrees) or 12 modules (non-EU) in economics, and at least 18 ECTS (EU degrees) or 4 modules (non-EU) in courses in the field of quantitative methods have been acquired.
The office is closed and e-mails will be answered not before August 21st 2020.
Detailed information about English study programs and arrival issues are published online: www.isp.ovgu.de
As per university mail detailed information as follows :-
Due to the highly analytical, theoretical aspects of all of our master's programs, we require previous academic education in economics, business, advanced mathematics, and statistics for economists and managers with proof of a specific number of credits during your undergraduate degree. Please be informed that skills in quantitative methods (stochastics, econometrics, operations research, etc.) is a strict pre-condition for a successful study program. Decision about recognition of quantitative modules will be made by the examination board and follow strict regulations. Pre-courses are not offered and all applications should be the knowledge in maths, statistics, finance, and management of our bachelor's. Repeating courses can not be offered.
An undergraduate degree is considered relevant with (can be subject of changes):
a minimum of 60 credits /ECTS or 12 modules in economics, business administration plus 18 credits/ ECTS or 4 courses in/with quantitative modules for economists. Please fill in the compulsory application document „Relevance of previous subject": http://www.isp.ovgu.de/manec_media/Master/IMME/IMME+FINEC...
https://www.ovgu.de/unimagdeburg/en/Study/Study+Programme...
ECTS form
Prerequisites
Entry requirements1. Relevant bachelor's, diploma, or comparable degree with at least 140 ECTS (at the time of applying), and an average grade of 2.9 or better, determined from the examination results.
\- A study program is relevant if at least 60 ECTS (EU degrees) or 12 modules (non-EU) in economics, and at least 15 ECTS (EU degrees) or 4 modules (non-EU) in courses in the field of quantitative methods have been acquired.
2\. Proof of [English language skills](https://www.ovgu.de/unimagdeburg_media/Nachweis_English.pdf) on C1 level with one of the recognized options.
3\. Proof of relevance with the [faculty's verification form](http://www.isp.ovgu.de/manec_media/FINECRelevanceDocu.pdf)
\- Applicants who have obtained their bachelor's degree at the Faculty of Economics and Management of Otto-von-Guericke-University Magdeburg do not have to prove the relevance of a completed undergraduate degree, as this information is already known to the faculty.
4\. Letter of motivation in English, containing no more than 450 words, which illustrates the professional and academic interest in the chosen master's program, presents the applicant's special skills and knowledge, and sets out personal expectations regarding the content, methods, and study processes of the chosen master's program.
Documents checklist
What to prepare for your application to Financial Economics
Programme-specific documents
1.Application form
2.Passport Certificates
3. Bachelor Degree Certificate/Provisional Degree Certificate
4.Bachelor Degree Transcripts
5. Bachelor Degree Grading System Certificate
6.Secondary School Certificates(10+12)
7.SOP
8. LOR's
9.CV
10. ECTS Form(if any)
Standard documents (most universities also require)
- Completed online application form
- Bachelor's degree certificate (original + certified translation)
- Bachelor's degree transcript (original + certified translation)
- English language certificate (IELTS, TOEFL, or equivalent)
- German language certificate (if required by the programme)
- Statement of Purpose / Letter of Motivation
- Curriculum Vitae (CV)
- Letters of Recommendation (LOR)
- Passport copy
- APS certificate (required for India, China, Vietnam, Pakistan applicants)
This programme applies directly or via uni-assist. Submit your documents through the correct channel before the deadline.
Open application portalApostille and notarization
Requirements vary by nationality and issuing country. Many German universities require certified translations and, in some cases, document apostilles. Verify current requirements directly with the admissions office, or use our document services for guided preparation.
Need help preparing your documents?
Our document preparation bundle covers SOP, CV, LOR, and translation coordination, reviewed by our team.
View document bundleHow to apply
Step-by-step guide to applying for Financial Economics at Otto von Guericke University (OVGU) Magdeburg
Application procedure
Applicants with an international bachelors degree
über uni-assist
Selection process
6-8 weeks after the deadline
Application quick facts
Apply via
uni_assist
Mode
online_plus_hardcopy
Application fee
75 EUR
Estimated time
Varies by programme
Complexity
Varies
Address
Please send your application to this address*:
uni-assist e.V.
11507 Berlin
GERMANY
- You can also use this address for courier services or to send registered mail. If your mail carrier does not accept the address, please send your mail to uni-assist e.V., Geneststrasse 5, 10829 Berlin. This will not increase the transit time.
Not admitted to this programme?
Germany has thousands of programmes across hundreds of universities. Use the compare tool to find similar programmes and see which fits your profile better.
Tuition
FREE
No tuition fees
Semester contribution
0 EUR
per semester
Application fee
75 EUR
one-time
Estimated year-1 total cost
11,904 – 11,904 EUR
Includes tuition, semester contribution, and estimated living costs. Range accounts for lifestyle differences.
Additional fee information
Free
Plan your total budget for Germany
Use the MS in Germany cost calculator to estimate living expenses, insurance, and your full year-one spend.
Open cost calculatorAdmission outcomes
Community-reported data from MS in Germany students (2018-2025)
Acceptance rate
40%
2 accepted out of 5 total applications
Grade benchmarksGerman scale (1.0 = best, 4.0 = passing)
1.98
Avg. accepted grade
German scale
1.73
Best admitted grade
German scale
2.06
Avg. rejected grade
German scale
Based on 5 applications from MS in Germany students 2018-2025.
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