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Master of Science in International Business Economics 

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#717 in World

#65 in Germany

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  • Institute IconFaculty of Economics and Media
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Master of Science in International Business Economics
 at 
TU Ilmenau 
Overview

Duration

2 years
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Tuition & Fees

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Course Level

PG Degree

Master of Science in International Business Economics
 at 
TU Ilmenau 
Fees

icon1st year tuition fees
Fees componentsAmount (for 1 year)
Tuition & feesINR 0
iconOther expenses in 1st Year
Fees componentsAmount (for 1 year)
InsuranceINR 1,21,585
Semester Ticket/TransportationINR 66,319
Info IconCalculated at the exchange rate of 1 Euro = INR 110.53163 | Tuition & expenses were last updated on 19ᵗʰ June 2026







Master of Science in International Business Economics
 at 
TU Ilmenau 
Curriculum

Latest curriculum for Master of Science in International Business Economics at TU Ilmenau can be downloaded from the below link. The curriculum PDF has semester wise course structure, electives and detailed course content. You can also check course curriculum of other specializations offered in M.Sc. at TU Ilmenau

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Master of Science in International Business Economics
 at 
TU Ilmenau 
Entry Requirements

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Master of Science in International Business Economics
 at 
TU Ilmenau 
Application Process

Step one
Prepare documents for application
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CV
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Master of Science in International Business Economics
 at 
TU Ilmenau 
Rankings

Technical University of Ilmenau
Students Ratings & Reviews

3.9/5
Verified Icon7 Verified ReviewsInfo Icon
Student Views (Based on Reviews)
  • 29% students never faced discrimination in this university
Vibe of Campus
Academically oriented
Friendly
Easy going
Multi-dimensional
Internships3.4
Part time work2.7
Post study jobs3.6
Quality of faculty4.7
Student Life4
Value for money4.6
Public transportation4.6
Safety4.4
Indian Food3.3
Permanent Immigration3.6
J
Jignesh Bhatt Verified Icon
Master of Science in Media Technology - Batch of 2025
3.9
Nice small town university
Tips: It's a small university town. A lot fewer people than the big city university has. It is good; courses are challenging compared to India's, and you have to work hard. Tuition fees are lower, and you have the Deutschland ticket, so you can travel in public transport for free in all of Germany. Plus, small towns have less expensive accommodation; it is cheap, with lots of Indian students and diverse students. Lots of activities to do. Culture is really good.
Likes (Value for money): Tuition fees are lower, and you have the Deutschland ticket, so you can travel in public transport for free in all of Germany. Plus, small towns have less expensive accommodation; it is cheap, with lots of Indian students and diverse students. Lots of activities to do. Culture is really good.
Dislikes (Part time work): It's a very small town, so part-time jobs are fewer. Plus, you need basic German language knowledge to get a part-time job. You can also travel 1 hour to the nearby city of Erfurt for a part-time job; there you also need basic German language knowledge. And traveling is hectic.
Total Monthly ExpenseEuro 525
Prepping time for classes20 hours/Week
Expected Annual SalaryEuro 62800
Reviewed on 13 Aug 2026Read more
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A
AnonymousVerified Icon
Master of Science in Media Technology - Batch of 2025
3.9
My 4.6-Year Life at TU Ilmenau.
Tips: German language basics greatly help. Self-time management is very important. Getting and processing information in an orderly and active way is most important. Although there are various international organizations to help students, one should always take the initiative to get self-info.
Likes (Value for money): TU Ilmenau is a public university that offers studies almost free of charge. There is only a small amount of semester contribution needed, which also gives almost as much return as public transport, library usage, and various study-related software usage. Again, the city also provides cheap living costs, compared to big cities.
Dislikes (Part time work): Ilmenau is a small city. It is also a university city, where a large part of the population is students. So, it is hard to get a part-time job. Students need to go to nearby cities to get a job. There are options such as labor works, but they affect study a lot.
Total Monthly ExpenseEuro 500
Prepping time for classes30 hours/Week
Expected Annual SalaryEuro 36000
Reviewed on 10 Aug 2026Read more
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A
Amrit Prasad Verified Icon
Master of Science in Research in Computer & Systems Engineering - Batch of 2026
4.7
Great , Quite to learn grow and build your career
Tips: Students should be prepared for a peaceful and nonchaotic environment. Ilmenau is a very small town and full of greenery. But you get almost everything here in this small town. TU Ilmenau is very research-oriented. The international community are very active, and they have multiple clubs and organizations.
Likes (Permanent Immigration): After graduation from a German university, the pathway is clear for international students who want to live here. You will get up to 18 months on a job seeker visa, and then after landing a job and crossing a certain threshold in salary, you are eligible for a blue card, and then you can apply for PR after a few months.
Dislikes (Post study jobs): I rated it 4/5 because I believe Germany has very good opportunities for international students, and yes, language plays a very important factor. Learning German makes things easy. Many people get full-time jobs after graduation, but effort is needed in every field, as the market is very competitive.
Total Monthly ExpenseEuro 675
Prepping time for classes20 hours/Week
Expected Annual SalaryEuro 45500
Reviewed on 7 Aug 2026Read more
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V
Venkata Sumanth Kumar Verified Icon
MSc in Data Science - Batch of 2028
3.8
A good place to study,learn and grow.
Tips: I have transitioned after coming here; the way I was back in India is completely different from the version of me. I have actually experienced a lot of cultural differences between India and Germany. No, I did not have any scholarships; normally if you have a stellar profile, you will land a scholarship easily. I am very much satisfied with TU Ilmenau.
Likes (Quality of faculty): The academic staff here are all highly knowledgeable, and I find them extremely helpful regarding the explanation of topics, and also they are extremely friendly and humble. If a student has any doubt, they can contact the professor during academic hours or take an appointment to resolve their doubts.
Dislikes (Part time work): I rated part-time work low because Ilmenau is a tiny university town, so local job options are extremely limited compared to bigger cities. Unless you get lucky with a HiWi research position on campus, finding an off-campus student job without fluent German is nearly impossible. Pay is fine when you do land something, but expect months of waiting and heavy competition for the few open spots in town.
Total Monthly ExpenseEuro 825
Prepping time for classes23 hours/Week
Expected Annual SalaryEuro 46950
Reviewed on 7 Aug 2026Read more
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Y
Yuvraj Verified Icon
MSc in Media Engineering - Batch of 2027
4.1
Nice university international friendly.
Tips: It's a nice university with many options for degrees. It has a very international crowd, especially Asian. But it is very small; there is not much to do here, and getting jobs (part-time, full-time) is difficult. If students want to come to study, then it's a nice place, but if they are thinking the learnings would be like Canada and Australia, then it's not the right place to come.
Likes (Safety): Ilmenau is a very safe and peaceful town, unlike big cities such as Berlin. Because it's a small town with an international crowd, it's quite safe. This town is not very crowded, and mostly old people live in East Germany, so it's part of that. And also the town is quite pretty.
Dislikes (Part time work): Because of many factors. To get a part-time job, you need German, and it is not always available. As the location is a town and a big city, jobs are quite difficult to find. If someone wants to come just for study, then it's good. But many students end up taking loans, which are difficult to pay back while living here.
Total Monthly ExpenseEuro 200
Prepping time for classes15 hours/Week
Expected Annual SalaryEuro 40000
Reviewed on 4 Aug 2026Read more
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View All 7 Reviews
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Master of Science in International Business Economics
 at 
TU Ilmenau 
Highlights

  • The aim of the research-oriented course is to train students in the field of economics- and social sciences and (international) communication to impart the methodological tools for the analysis of economic and social problems and toand social problems and to enable the students to develop to develop well-founded to develop well-founded proposals for solutions
  • This opens up new opportunities for the graduates of thisand graduates of this course of studya variety of possible fields of employment infields in science, business and politics
  • Fields of activity:
    International Project Management
    Sales Management/Key Account
    business development
    Marketing-/Media Management
    Product Management
    Management Consulting
    Company management
    Independent Corporate Management
    Human Ressource Management
    Business-Analysis
    Investment-Banking
    Science and Research

Master of Science in International Business Economics
 at 
TU Ilmenau 
Scholarships

Scholarship information is not available. You can apply to non-college specific scholarships available for Germany.
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Kartik Bisht

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Kartik Bisht holds a Bachelor of Computer Application degree and has worked in the field of education and study abroad for more than three years. He maintains data about major foreign universities, including the University of Oxford, Deaki... Read Full Bio

Master of Science in International Business Economics
 at 
TU Ilmenau 
 
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Master of Science in International Business Economics
 at 
TU Ilmenau 
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