MSc in Business Economics
4.1 /5
- Public University
Talk to ExpertMSc in Business Economics at OVGU Overview
MSc in Business Economics
at OVGU
OVGU offers a 2 years long MSc in Business Economics course. English language proficiency test accepted for admission to OVGU MSc in Business Economics are IELTS, TOEFL, and PTE. Graduation cutoff for admission is CGPA - 2.9/4.
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
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 1,65,683 |
| Personal/Miscellaneous Expenses | INR 4,41,822 |
Calculated at the exchange rate of 1 Euro = INR 110.45547 | Tuition & expenses were last updated on 7ᵗʰ November 2025Download 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
- N/A
- 3 year degree is acceptable as 180CP degree is required
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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
Conditional Offer
- Not mentioned
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MSc in Business Economics at OVGU Rankings
MSc in Business Economics
at OVGU
University Ranking
| Rank | Rank Publisher |
|---|---|
| #321 | |
| #601 | |
| #919 |
Otto Von Guericke University MagdeburgStudents Ratings & Reviews
4.1/5
47 Verified ReviewsStudent Views (Based on Reviews)
- 49% students never faced discrimination in this university
Vibe of Campus
Academically oriented
Friendly
Easy going
Multi-dimensional
Internships3.5
Part time work3.6
Post study jobs3.7
Quality of faculty4.4
Student Life4.5
Value for money4.6
Public transportation4.7
Safety4.6
Indian Food3.6
Permanent Immigration3.8
A
Anonymous
Master of Science In Data and Knowledge Engineering - Batch of 2026
4.8
University life for real.
Tips: Be respectful, try to integrate, don't be Afraid. It's a fun university, City not so much, make friends outside your culture, be acceptable and open to others, explore life outside academics, study regularly and not just before exam, chatgpt is just a tool!
Total Monthly ExpenseEuro 825
Prepping time for classes40 hours/Week
Expected Annual SalaryEuro
G
Goutham
M.Sc. Chemical and Energy Engineering - Batch of 2019
4.4
It is one of the best universities to pursue masters, with less distractions and a less costs.
Tips: Cultural shock as East Germany is not as developed as West Germany. Scholarship opportunities are low as there is no mandatory need from the course pov. There is great exposure within the institutions. I am very satisfied. Obviously, culture and language are difficult but that’s manageable. Just needs a lot of dedication.
Likes (Quality of faculty): Best quality teachers since affiliation with the Max Planck and Fraunhofer institutes. Faculty is approachable and very research oriented. They hail from diverse countries and have a great opportunity to become good engineers, and also create job opportunities.
Total Monthly ExpenseEuro 1000
Prepping time for classes28 hours/Week
Expected Annual SalaryEuro
A
Anonymous
Master of Science Electrical Engineering and Information Technology - Batch of 2027
2.7
Good academics but requires self-effort for opportunities.
Tips: Firstly, before joining OVGU, a bit of German will be helpful as well since this is a Universität, and we have to study more theoretically than practically. University life is easy; students are friendly enough, but students have to find internships on their own, so it’s good to be proactive from the start.
Total Monthly ExpenseEuro 500
Prepping time for classes20 hours/Week
Expected Annual SalaryEuro
A
Anonymous
Master of Science in Digital Engineering - Batch of 2026
4.2
International student-oriented college that respects international students and embraces diversity.
Tips: Specifically for Digital Engineering, apart from 2 subjects, all other subjects are electives. So you can choose to take subjects according to your liking like take subjects like FPGAs, Embedded Systems, if you are into the embedded side or take AI related subjects if you want to pursue your career in the AI field. Moreover some subjects might be offered in German only, but you can talk with the Professor and give the examination in English. Professors are mostly friendly. I don't know about any scholarships. I'm satisfied with my university course and Germany. In Magdeburg, very few people speak English. So it's best that you know German at least A2 to manage and then you can learn on the go. The university also offers German courses.
Likes (Safety): There is a student council that ensures Student safety after discrimination or any kind of safety concerns. You can easily reach out to them via email and there was a QR code as well during my time, which you can scan and give your grievances anonymously.
Dislikes (Student Life): There are some regional student clubs run privately with WhatsApp groups like the Kerala OVGU group. And there are also WhatsApp groups that were organised based on semesters like Winter Sem DE. So you get a lot of information from those groups and can get your queries answered. You don't normally have classes from 9 to 4 as in India; rather, you would have classes based on the subjects you take. It would be something like 4 hours on Monday, Tuesday free, Wednesday 2 hours, Thursday 6 hours, Friday free. Something like that, it all depends on the subjects you take. There are many events organized by the Student Association in OVGU and it's nice.
Total Monthly ExpenseEuro 700
Prepping time for classes20 hours/Week
Expected Annual SalaryEuro
A
Anonymous
Master of Science Electrical Engineering and Information Technology - Batch of 2026
4.2
A World-Class Education in a Pocket-Friendly, High- Growth City
Tips: You definitely need a solid grip on your prerequisites before you get here, and honestly, don't even bother if your German isn't at least at a B1 level. The deadlines here are no joke, and you really have to stay on top of the paperwork and all those formal admin hoops they make you jump through. It’s not just about the grades, though—you’ve got to be ready to put yourself out there, make some friends, and stay motivated on your own, or you'll probably struggle to settle in.
Likes (Value for money): I’d say the tuition is worth it for the most part. You get access to some really solid labs and the coursework actually feels relevant to the industry, especially with all the focus on AI and automation. Plus, there are plenty of chances to get stuck into internships and research, which definitely helps when you're trying to build up your CV. That said, it really comes down to how much effort you actually put in—the resources are there, but they won’t do the work for you.
Dislikes (Internships): There are definitely internships in my field, but the competition is just insane because there are so many international students all going for the same few spots. You’ve got people from everywhere applying, which really pushes the bar high. The language thing is another massive hurdle, too—a lot of these roles basically require you to be fluent in the local language, which makes it a real struggle to get your foot in the door if you're not a native speaker.
Total Monthly ExpenseEuro 750
Prepping time for classes30 hours/Week
Expected Annual SalaryEuro 60000
View All 47 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.
View all 11 scholarships
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MSc in Business Economics at OVGU Contact Information
MSc in Business Economics
at OVGU