Master of Science in Financial Economics
4.0 /5
- Public University
Talk to ExpertMaster of Science in Financial Economics at OVGU Overview
Master of Science in Financial Economics
at OVGU
Otto Von Guericke University Magdeburg has been pioneering Master of Science in Financial Economics at PG level. The program has a duration of 2 years. This particular course is directed towards individuals who seek a higher level of the educational cycle. The program is considered one of the best in the country, which is responsible for the program's excellent quality and honouring. For the course, applicants must satisfy evaluation based on eligibility criteria among which entrance scores obtained in tests such as IELTS and TOEFL are imperative for attaining admission. Added should be living expenditures, rent, hostel fees, boards, books and supplies, utilities, or any other expense for the course. This complete budgeting plan ensures that the students go through their college life hassle-free.
Duration | 2 years |
Tuition & Fees | |
International Students Admission Website | Go to Website  |
Official Career Service Website | Go to Website |
Course Level | PG Degree |
Master of Science in Financial Economics
Table of contents
Master of Science in Financial Economics at OVGU Fees
Master of Science in Financial Economics
at OVGU
Otto Von Guericke University Magdeburg Master of Science in Financial Economics fee structure includes first-year tuition fee that all the students have to pay. The total expense may vary, depending on the additional charges provided by the Otto Von Guericke University Magdeburg.
To know more about Otto Von Guericke University Magdeburg Master of Science in Financial Economics fee breakup, check out the table below:
1st year tuition fees | Fees components | Amount (for 1 year) |
|---|---|
| Tuition & fees | INR 0 |
Other expenses in 1st Year | Fees components | Amount (for 1 year) |
|---|---|
| Insurance | INR 1,21,290 |
| Insurance | INR 1,21,290 |
Calculated at the exchange rate of 1 Euro = INR 110.26349 | Tuition & expenses were last updated on 3ʳᵈ November 2025Download exam sample paper
IELTS
IELTS
TOEFL
PTE
Master of Science in Financial Economics at OVGU Entry Requirements
Master of Science in Financial Economics
at OVGU
Requirements for 12th grade
- No specific cutoff mentioned
Graduation
- CGPA - 3/4
- Read less
- An UG preparation equal to a UG in computer science or electrical engineering from an accredited engineering program
- A GPA in upper-division quantitative coursework of 3.0 or better on a 4.0 point scale
- Students from other engineering disciplines or from other science and math areas may be considered for admission to the program; however, some additional coursework may be necessary before starting the UG program
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GPA
Percentage
CGPA
Out of 10
TOEFL
- Marks - 95/120
- 95-120 points
-
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Convert your CGPA to GPA
Calculate your score and check your eligibility at over 2000+ universities.
GPA
Percentage
CGPA
Out of 10
PTE
- No specific cutoff mentioned
IELTS
- Marks - 7/9
- Get a Full FREE IELTS Prep Course with Shiksha Study Abroad – Limited Seats for Weekend & Weekday Batches! Register now for IELTS
Other eligibility criteria
- ELP Waiver:
- Written verification that a bachelor’s degree or university diploma has been obtained from a relevant study program held exclusively in English. An official confirmation statement from the university is a strict requirement (grade transcript, diploma, certificate...)
- GMAT - min. score 550 in total or GRE - min. score 148 in quantitative + 143 in verbal
Conditional Offer
- Not mentioned
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Master of Science in Financial Economics at OVGU Application Process
Master of Science in Financial Economics
at OVGU
Step one
Prepare documents for application
CV
- Professional experiences, and internships set out in a tabular CV
Step two
Additional documents required
- Proof of previous academic transcripts
- Proof of health insurance
- A copy of identity card or passport
- Proof of ELP
- For MS Financial Economics & MS Operations Research and Business Analytics:
- 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
- Proof of the relevant first academic degree with the mandatory standardized form “Relevance” of the faculty.
- 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
Step three
Start your online application
Step four
Application fees for this course
Euro 75 = INR 8.27 Thousand
Step five
Application deadline
Winter (Oct): 15th July
*The dates specified are tentative dates as per the previous year records. Our expert counselors can help with exact deadline date. Connect with the expert now!
Master of Science in Financial Economics at OVGU Rankings
Master of Science in Financial Economics
at OVGU
University Ranking
| Rank | Rank Publisher |
|---|---|
| #321 | |
| #601 | |
| #919 |
Otto Von Guericke University MagdeburgStudents Ratings & Reviews
4/5
37 Verified ReviewsStudent Views (Based on Reviews)
- 43% students never faced discrimination in this university
Vibe of Campus
Academically oriented
Friendly
Easy going
Multi-dimensional
Internships3.5
Part time work3.5
Post study jobs3.6
Quality of faculty4.3
Student Life4.4
Value for money4.6
Public transportation4.7
Safety4.5
Indian Food3.5
Permanent Immigration3.7
A
Anonymous
Master of Science In Data and Knowledge Engineering - Batch of 2027
4.3
Best public university for student life.
Tips: Be ready to accept changes. The college will provide you with new opportunities and chances but you'll have to put yourself out there and make yourself available. The more connections you have, the more opportunities you have for your desired future.
Likes (Public transportation): It's always on time and very spacious and comfortable. There's always a place to sit and the temperatures are also very manageable. You get special assistance in case you are disabled and the announcements and LED screens provide you with all the needed help.
Dislikes (Indian Food): Eating outside is an option but the costs are relatively cheap when compared to other German cities. Can cook food at home. You'll have to find Turkish markets that offer you groceries at cheaper rates. There are many Italian, Turkish, and German restaurants but eating outside every day is not feasible.
Total Monthly ExpenseEuro 825
Prepping time for classes8 hours/Week
Expected Annual SalaryEuro 66525
I
Ishmita Basu
Master of Science In Data and Knowledge Engineering - Batch of 2027
3.9
Great university and people.
Tips: Very multicultural and inclusive. I did not avail a scholarship. The course is very theoretical but great even for students looking for a corporate job. The syllabus is well-formed and extremely useful. There is scope for a personal project and guidance throughout.
Likes (Public transportation): Trams and buses are all well connected. All trams and buses pass through the University. It is very affordable. The Deutschland ticket is included in the semester, so the students do not have to worry about the ticket cost.
Dislikes (Indian Food): Mostly Turkish, there are student bars, but people travel to Berlin. But you'd also find Italian and Asian restaurants. Since options are limited here, we cook at home. There are plenty of grocery stores, and prices seem low.
Total Monthly ExpenseEuro 900
Prepping time for classes14 hours/Week
Expected Annual SalaryEuro 58000
A
Akshay Gaurihar
Master of Science Electrical Engineering and Information Technology - Batch of 2019
4
Dynamic and multicultural university.
Tips: Managing your things by yourself. Taking care of your health is your first priority, because getting a doctor's appointment is not easy and takes days. You cannot simply walk into any doctor's office to get the treatment. I didn’t get any scholarship. I was very satisfied with my university, moderately satisfied with my Integrated Automation department, very satisfied with my course, and moderately satisfied with the country.
Likes (Value for money): The tuition fees for my course were less than 100 per semester, which includes the city public transportation. Apart from that, there were no other fees. Depending on how many semesters you complete your course, the average is five semesters and the fees are around 500 which is totally fair.
Dislikes (Part time work): Part time jobs within the campus are very selective. You can work with the professor in your department for research related activities, but very limited such jobs exist. For off campus jobs like working in a pizza place, bread factory, in Hermes for truck loading/unloading, at Domino’s, or delivery jobs are available plenty, but since every student is looking for part time it’s not guaranteed that you will get one easily. But you have to keep trying and visiting job agencies every week. Part-time job is totally manageable as one can work two days weekly, 7-8 days monthly to manage their total monthly expenses. But working part time in the first semester is not recommended at all.
Total Monthly ExpenseEuro 450
Prepping time for classes35 hours/Week
Expected Annual SalaryEuro 50000
A
Anonymous
Master of Science in Digital Engineering - Batch of 2026
3.7
Can complete your studies here, even on a budget.
Tips: A lot to learn as Germany follows strict rules even in everyday life. I did not receive any scholarship. Pretty satisfied with the course and the country. The difficulty of the subjects completely depends on the course taken. My course has pretty easy subjects but there are courses with difficult subjects.
Likes (Value for money): The city is located in a state that has one of the lowest rents in Germany. So you will save a lot on rent. Also transportation across the country will be free, as the ticket is included in the semester fee. Not technically free tho as the fee is added to the semester fee.
Dislikes (Indian Food): Not many good Indian restaurants in the city. There are many Arabic, Vietnamese and Turkish restaurants nearby which are cheap and where I occasionally eat. Other good restaurants are there as well but not as cheap. I normally prefer cooking myself but 2-3 times a month, I eat outside.
Total Monthly ExpenseEuro 700
Prepping time for classes25 hours/Week
Expected Annual SalaryEuro 55000
S
Sourabh Singh
Master of Science (M.Sc.) in Systems Engineering for Manufacturing - Batch of 2023
4.2
Amazing university with versatile courses.
Tips: Definitely, a cultural shift is observed in a very diverse city. I didn't get any scholarship during my studies but I was working at odd jobs for my monthly expenses and it was very easy to manage studies and work. I am pretty satisfied with the course; the only concern was that we had a batch of more than 100 students, hence it was more of an Indian batch rather than being international with hardly any Germans.
Likes (Public transportation): The city is well connected with the trams and buses, hardly need to walk more than a KM anywhere but still people prefer to have a bicycle, including students. Bicycles are allowed inside trams. The public transport is very affordable ever since the government launched the Deutsch Ticket, worth 58 Euros monthly.
Dislikes (Indian Food): Hardly 2-3 restaurants in the whole city and also the pricing is too high if you are a student. The food taste is also not typically Indian; it is a mix of German and Indian tastes. I had hardly visited those restaurants in 3 years. In my opinion, Indian restaurants in other cities are much better than these.
Total Monthly ExpenseEuro 1100
Prepping time for classes25 hours/Week
Expected Annual SalaryEuro 55000
View All 37 Reviews
Master of Science in Financial Economics at OVGU Highlights
Master of Science in Financial Economics
at OVGU
- The objective of the study program is to enable students to independently identify economic problems, to independently develop solutions to problems on a scientific basis, and to formulate recommendations for action.
- Students will acquire a systemic way of thinking and excellent analytical skills. Both of these skills are valuable qualifications for managerial and consulting activities, which allow students to understand complex interrelationships, and to analyze and evaluate problems from multiple viewpoints.
- The study program is focused on questions of financial economics and capital market theory, the functionality and regulation of banking and financial markets, and empirical financial market research to support entrepreneurial and economic policy decisions in a globalized world.
- The curriculum is taught entirely in English. The student body is multinational and consists of students from more than 30 countries. A particular emphasis is placed on combining technical competence with multilingualism and an international dimension
Read more
Master of Science in Financial Economics at OVGU Scholarships
Master of Science in Financial Economics
at OVGU
Scholarship information is not available. You can apply to non-college specific scholarships available for
Germany.
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Master of Science in Financial Economics
at OVGU