MSc in Business Economics
4.1 /5
- Public University
Talk to ExpertMSc in Business Economics at OVGU Overview
MSc in Business Economics
at OVGU
The Otto Von Guericke University Magdeburg offers a really good MSc in Business Economics program at the PG level, which lasts for 2 years. To get admission to the program, students must meet the requirements for the course which include having a valid score on tests like IELTS, TOEFL and PTE. Also, the students should budget well for living expenses, which has:
- Accommodation (rent or hostel)
- Food
- Books
- Other important utilities
Duration | 2 years |
Tuition & Fees | |
International Students Admission Website | Go to Website  |
Official Career Service Website | Go to Website |
Course Level | PG Degree |
MSc in Business Economics
Table of contents
MSc in Business Economics at OVGU Fees
MSc in Business Economics
at OVGU
The fee structure for the MSc in Business Economics at the Otto Von Guericke University Magdeburg covers the first-year tuition fees along with other additional charges, including the Books and supplies charges, facilities cost and many more offered by the Otto Von Guericke University Magdeburg. Other than tuition costs, students need to pay living expenses that cover various factors like rent, food, transportation, utility, and other personal expenses.
Find more details about Otto Von Guericke University Magdeburg MSc in Business Economics on the 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 1,59,544 |
| Personal/Miscellaneous Expenses | INR 4,25,450 |
Calculated at the exchange rate of 1 Euro = INR 106.362404 | Tuition & expenses were last updated on 7ᵗʰ August 2026Download exam sample paper
IELTS
IELTS
TOEFL
PTE
MSc in Business Economics at OVGU Entry Requirements
MSc in Business Economics
at OVGU
Requirements for 12th grade
- No specific cutoff mentioned
Graduation
- CGPA - 2.9/4
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- Applicants must have UG degree other than that a comparable degree minimum 180 CP and an average grade of minimum 2.9 of the exam performances
- A degree is considered relevant with a minimum number of 50 credit points in business administration and a minimum of 15 credit points in political eco-nomics as well as a minimum of 16 credit points in quantitative modules
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GPA
Percentage
CGPA
Out of 10
3 year degree accepted
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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
TOEFL
- Marks - 85/120
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- Register for TOEFL iBT® Test Today and get Rs 500 Off. Use code SHIKTOEFL to avail the discount. Hurry Register now for TOEFL
PTE
- Marks - 70/90
IELTS
- Marks - 6.5/9
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- Get a Full FREE IELTS Prep Course with Shiksha Study Abroad – Limited Seats for Weekend & Weekday Batches! Register now for IELTS
Other eligibility criteria
- Applicants must demonstrate German language proficiency of at least B2 level to participate in the Studienkolleg, and at least C1 level to participate in the DSH (Deutsche Sprachprüfung für den Hochschulzugang) exam.
- Prospective students should have a curiosity for business management issues and have good to very good knowledge of mathematics and English
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MSc in Business Economics at OVGU Rankings
MSc in Business Economics
at OVGU
University Ranking
| Rank | Rank Publisher |
|---|---|
| #651 | |
| #321 | |
| #801 |
Otto Von Guericke University MagdeburgStudents Ratings & Reviews
4.1/5
54 Verified ReviewsStudent Views (Based on Reviews)
- 45% students never faced discrimination in this university
Vibe of Campus
Academically oriented
Friendly
Multi-dimensional
Easy going
Internships3.5
Part time work3.5
Post study jobs3.7
Quality of faculty4.4
Student Life4.4
Value for money4.6
Public transportation4.7
Safety4.6
Indian Food3.5
Permanent Immigration3.8
V
Varun Pulipati
Master of Science (M.Sc.) in Systems Engineering for Manufacturing - Batch of 2023
4.2
Focus on you goal and you find unlimited opportunities to learn
Tips: Germany is a cold country and when it comes to people. They are cold too. It's hard to make friends from this nation but as a student you will find and many group from our country. So student life will be joyful. Obviously one will face many culture shocks, food, punctuality, and planning everything.
Likes (Value for money): There is no tuition fee and the registration and student membership and transport fee is minimal. If one is interested to learn about different subjects you can take subjects from other course too, no body stop you from learning. Professors are helpful and you can do research and find student job under them.
Dislikes (Permanent Immigration): The city is small and you find very less industries in and around the city. You have to move to other cities to find, internship, or full-time jobs. So it will be obvious that you settled in a different city. People often move to southern states or even West to find career opportunities. But, overall you will definitely find a job and find your chance to permanent settled here in Germany. Unless you don't stop trying. One who doesn't give up will find a good opportunity to settled here. Remember patience and perseverance is the key here.
Total Monthly ExpenseEuro 650
Prepping time for classes5 hours/Week
Expected Annual SalaryEuro 48000
A
Anonymous
M.Sc. Chemical and Energy Engineering - Batch of 2024
4.4
Supportive campus environment.
Tips: It was a bit easier for me as my cousin was also staying in the same city as I was. So I was ahead in everything and was aware of what to do, when to do and how to do. I haven't availed of any scholarships. I am liking this country in many ways but I still prefer my homeland. If given a chance, I have to settle down somewhere else besides India; it surely will be Deutschland.
Total Monthly ExpenseEuro 1600
Prepping time for classes24 hours/Week
Expected Annual SalaryEuro 65000
A
Anonymous
M.Sc. Chemical and Energy Engineering - Batch of 2027
3.7
Compared to Indian Institutes, German Public Universities are far better.
Tips: There are a few scholarships that are available. We can apply for them and get financial aid. I am very much satisfied with my university, with a very good number of International students, sharing cultures, etc. If you have a chance to come, then you can definitely choose Germany.
Total Monthly ExpenseEuro 700
Prepping time for classes20 hours/Week
Expected Annual SalaryEuro 52550
A
Akshay jain
Master of Science In Data and Knowledge Engineering - Batch of 2025
4.4
Overall, it's a university with the best ROI in Germany.
Tips: Finishing a degree in 2 years is very rare. Everyone takes more than 2 years to finish the degree. It is not easy with a job and all. But I was good at tech so I found a full-time senior engineer job before finishing my course. The course is very good, there are some restrictions and guidelines pertaining to degree buckets. You might have to study some courses in order to just meet the degree requirements, even if you are not interested.
Likes (Student Life): Magdeburg is very affordable. In 300 Euros, you will find a room even in 2026, the cheapest among all the cities. The university organizes job fairs and other events. You can't ask for more for the price. IKUS is a community funded by the university which organizes various events. But there are no part time jobs available without German language.
Dislikes (Quality of faculty): The faculty are great but their teaching style is very different from India. Don't expect the same. Faculty uses the slide theory method which bears very basic information, but the real learning happens from Ubung classes. The teaching faculty is pretty diverse but students are mostly Asian.
Total Monthly ExpenseEuro 650
Prepping time for classes20 hours/Week
Expected Annual SalaryEuro 58975
A
Anonymous
Master of Science in Digital Engineering - Batch of 2024
4.1
Research oriented, and supportive.
Tips: Knowing the German language is always helpful to survive and have a good social life. It's also easy to get a job based on language proficiency. Before starting this study course, it's also good to know programming and its basics. There is an option of scholarship; however, I did not take one.
Likes (Public transportation): Public transport connectivity is good for daily travel. Ticket prices are included in the semester contribution. Now the monthly pass to travel with regional transport all over Germany is also possible, the price of which is also included in the semester contribution.
Dislikes (Part time work): Part time options, in general are limited to language proficiency. If you are able to speak German then there are more options. As a student, 20 hours per week in part time is quite manageable. The studies are more demanding as it's a technical university.
Total Monthly ExpenseEuro 900
Prepping time for classes30 hours/Week
Expected Annual SalaryEuro 63675
View All 55 Reviews
MSc in Business Economics at OVGU Highlights
MSc in Business Economics
at OVGU
- MSc in Business economics program enables students to recognize problems independently, to solve these problems self-sufficiently with an economic foundation and to deduce action alternatives based on these solutions
- In this Course students will learn to think systematically and develop advanced analytical skills, both of which will qualify the students for management as well as consulting positions. The students learn to understand complex coherences and to view and evaluate problems from multiple perspectives
- Students will acquire in-depth knowledge and skills in theoretic concepts, models and procedures connected to these research questions.
MSc in Business Economics at OVGU Important Dates
MSc in Business Economics
at OVGU
Apr , 2026
Course Commencement Date (Summer)
MSc in Business Economics at OVGU Scholarships
MSc in Business Economics
at OVGU
Scholarship information is not available. You can apply to non-college specific scholarships available for
Germany.
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MSc in Business Economics at OVGU Contact Information
MSc in Business Economics
at OVGU