Master of Science in Financial Economics
4.1 /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 honoring.
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 content
- Overview
- Fees
- Entry Requirements
- Application Process
- Rankings
- Highlights
- Scholarships
Master of Science in Financial Economics at OVGU Fees
Master of Science in Financial Economics
at OVGU
As part of the Otto Von Guericke University Magdeburg fee structure for the Master of Science in Financial Economics, students have to pay no tuition fees. However, they have to pay some one-time costs to the university at the time of admission. Other additional expenses that the students have to incur during their stay include books and supplies charges, rent, food, utilities, etc.
Find more details about Otto Von Guericke University Magdeburg Master of Science in Financial Economics fee breakup, from the table mentioned 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 1,15,170 |
| Insurance | INR 1,15,170 |
Calculated at the exchange rate of 1 Euro = INR 104.7 | Tuition & expenses were last updated on 17ᵗʰ December 2024Download 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 - 2.9/4
- Read less
- 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
-
Applicants should have a keen interest in business and economic issues, and have good or excellent knowledge of quantitative methods, mathematics, statistics, econometrics, as well as micro- and macroeconomics. Fluency in spoken and written English at the C1 language level, as well as knowledge of academic writing are required.
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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
Sign-up to view details
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 7.85 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 |
|---|---|
| #919 | |
| #601 |
Otto Von Guericke University MagdeburgStudents Ratings & Reviews
4.1/5
12 Verified ReviewsStudent Views (Based on Reviews)
- 42% students never faced discrimination in this university
Vibe of Campus
Academically oriented
Easy going
Friendly
Multi-dimensional
Internships3.8
Part time work3.2
Post study jobs4.1
Quality of faculty4.2
Student Life4.6
Value for money4.8
Public transportation4.7
Safety4.5
Indian Food3.4
Permanent Immigration3.8
A
Anonymous
Master of Science in Business Administration/Business Economics - Batch of 2027
Offered by Otto Von Guericke University Magdeburg
4.3
OVGU is a research-oriented college.
Tips: OVGU is a research-oriented college. Professors will assume that master's students have a basic understanding of the topic, as if they studied it in their bachelor's degree. Therefore, you need to do a lot of self-study, assignments, and research work. Besides that, student life is fun and vibrant. We have different activities for different events.
Likes (Public transportation): Public transport across Germany is really nice. As students, we get a Deutschland semester ticket, which includes free transportation within the city. For travelling outside the city, we can use the Regional Bahn and Regional Express for free. This helps students travel easily.
Dislikes (Part time work): Currently, the part-time situation in Magdeburg is not that great, and students are finding it difficult to get a part-time job. A major challenge that a student is facing here is the language barrier, and most companies are not hiring students as they need full-time people and not part-time.
Total Monthly ExpenseEuro 800
Prepping time for classes20 hours/Week
Expected Annual SalaryEuro 44325
A
Anonymous
Master of Science Electrical Engineering and Information Technology - Batch of 2026
Offered by Otto Von Guericke University Magdeburg
4.4
Otto Von Guericke Universität is a technical university and more research-focused.
Tips: OVGU is a technical university, which means the studies here are designed to be more research-focused. If you are looking to do a Ph.D., then the university curriculum is pretty good, but if you just want a Master's degree and then want a professional career, go for a Hochschule instead.
Likes (Quality of faculty): The university faculty as a whole is quite good, the professors and the staff are really helpful and approachable, also they emphasise more on hands-on training rather than taking a theoretical approach. OVGU maintains a low student-to-teacher ratio, which helps in easy and direct interactions.
Dislikes (Indian Food): There are a few Indian restaurants, but even those are catered more towards the German taste palette, so being Indian, you might not like the taste as much. Also, if you're a vegetarian, your outside food choices are limited, and most of the time, you'll have to cook your own meals.
Total Monthly ExpenseEuro 700
Prepping time for classes5 hours/Week
Expected Annual SalaryEuro 70000
S
Sreelaxmi Jaidev
MSc in Business Economics - Batch of 2027
Offered by Otto Von Guericke University Magdeburg
3.7
Assessing permanent settlement prospects in Magdeburg, Germany.
Tips: Magdeburg has a lot of Indians, including where I go to university. I personally didn't feel any culture shock, and it was really nice. I didn't get a scholarship, but I got into a public university, so I don't have to pay for my education. And I'm very satisfied with the university, Magdeburg and the country.
Likes (Public transportation): Magdeburg is very close to Berlin. Public transportation is also great here. Even late at night, we can find night trams and buses also few trains. It is very affordable, and we even get a semester ticket to travel. Overall, public transportation is the best.
Dislikes (Permanent Immigration): Germany is a great place to settle. A country with one of the best work-life balances. If you are good with German language skills, then this is the best country to settle and work in. If I get a chance, I will definitely settle here. This place is also very calm and nature-friendly.
Total Monthly ExpenseEuro 650
Prepping time for classes40 hours/Week
Expected Annual SalaryEuro 50000
A
Anonymous
Master of Science Electrical Engineering and Information Technology - Batch of 2026
Offered by Otto Von Guericke University Magdeburg
4.2
Life at OVGU thriving as an Indian student.
Tips: There are a lot of Indian students at Otto-von-Guericke, and there is a big Indian student community, so don't expect to find many Germans on campus. We celebrate Diwali and other festivals. It can be great to have lots of Indian students and not so great for some people, so it really depends on the person.
Likes (Value for money): There are no tuition fees. There is only a semester fee, and that too is really low as compared to other Indian universities, and these fees include my transportation, my library access, and all student-related activities for free. It is really justifiable.
Dislikes (Permanent Immigration): Permanent immigration depends on the future and the future job market. Plus, it depends on how the government will allow this, since the new government is forming, and there are some parties that are really against immigrants. It really depends, but if I got the chance, sure.
Total Monthly ExpenseEuro 475
Prepping time for classes3 hours/Week
Expected Annual SalaryEuro 65150
A
Anonymous
M.Sc. Chemical and Energy Engineering - Batch of 2024
Offered by Otto Von Guericke University Magdeburg
4.3
Great academics and highly engaging student life.
Tips: Be mentally and physically prepared to tackle all challenges at the same time. While studying, you will need to earn money to survive, so be prepared and don't stress about it. In the end, it will all work out perfectly. You can also apply for scholarships, and if you get a good grade, then you will get 800 euros every month, roughly.
Likes (Quality of faculty): The faculty is very welcoming and supportive. Classes are enjoyable and engaging. Assignments and project work are fun to do. Public transportation is highly affordable and accessible. Try to explore the city and the culture as much as you can.
Total Monthly ExpenseEuro 550
Prepping time for classes27 hours/Week
Expected Annual SalaryEuro 49175
View All 12 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.
View all 35 scholarships
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Master of Science in Financial Economics
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