Master of Science [M.S] (Economics)
Field of Study:
$370 /Yr
University of Regensburg M.Sc. Economics is a four-semester, 120-ECTS master’s program taught entirely in English. The program teaches advanced microeconomics, macroeconomics, and econometrics in the first semester, followed by flexible electives. Admission requires a bachelor’s degree with at least 20 ECTS in core economics, 20 ECTS in additional economics, and 15 ECTS in mathematics or statistics. The university only charges a semester contribution fee of €198 total (no tuition) (INR 21,707) per semester. Total Program fees are EUR 792 (INR 86,827) for the entire program. Intakes are in winter (closed) and summer (next deadline December 1, 2026). The program is tuition-free for all students, with only a semester contribution fee required.
This program is designed for economists, data scientists, and policy professionals who want specialized expertise in one of three tracks: Macroeconomics & Finance, Data Science & Microeconomics, or Real Estate, Regional & Trade. The 24-ECTS thesis allows independent research on a topic of your choice. Regensburg is a smaller, student-friendly city in Bavaria where living costs are reasonable and international students integrate easily. The program suits high-performing bachelor’s graduates with strong quantitative skills who are ready for a 2-year commitment.
- Four-semester structure with three core mandatory courses taught in the first semester.
- Flexible specialization: choose one of three paths or design your own mix of 60 ECTS electives.
- Affordable master’s in Germany with zero tuition and low living costs in a university town.
Current Admission Status
Applications for the Summer 2027 intake are Open. International student deadline: 1 December 2026.
Indian applicants must submit bachelor transcripts, English proficiency test scores (IELTS or TOEFL), and documentation of prerequisite ECTS in economics and mathematics. Allow 6–8 weeks for university processing and visa approval after admission.
Also Check: University of Regensburg Admission Requirements
University of Regensburg M.Sc. Economics Fees and Living Costs 2027
The M.Sc. Economics program has no tuition fee. Students pay only a semester contribution of EUR 198 per semester, totaling EUR 792 (INR 86,827) across four semesters.
| Fee Component | Per Semester (EUR) | Total (EUR) | Total (INR) |
|---|---|---|---|
| Tuition Fee | 0 | 0 | 0 |
| Semester Contribution | 198 | 792 | INR 86,827 |
Source: University of Regensburg Official Website
- Semester contribution includes student union fees, public transport pass, and university services.
- No hidden tuition or ancillary charges beyond the official semester fee.
- Additional costs: health insurance (EUR 110–130/month), books, and software (EUR 50–100/semester).
- Exchange rate basis: EUR 1 = INR 109.70 as of June 2026. Rates fluctuate daily; verify before applying.
Key Insight: Germany’s tuition-free master’s programs are unbeatable value for Indian students. Your four-semester cost of EUR 792 is lower than semester fees at many Indian private institutes.
Cost of Living in Regensburg for M.Sc. Economics Students
| Expense Category | Monthly (EUR) | Monthly (INR) |
|---|---|---|
| Accommodation (shared student flat) | 350 | INR 38,395 |
| Food | 250 | INR 27,425 |
| Health Insurance | 110 | INR 12,067 |
| Public Transport | 0 | 0 (included in semester fee) |
| Utilities (Internet, phone) | 60 | INR 6,582 |
| Discretionary (social, hobbies) | 100 | INR 10,970 |
| Total Monthly | EUR 870 | INR 95,439 |
Tip for Indian Students: Regensburg is 3% cheaper than Munich and 5% cheaper than Berlin. On a monthly budget of EUR 870 (INR 95,439), you live comfortably. Four semesters = 24 months, so total living cost is approximately EUR 20,880 (INR 22.90 Lakhs).
Also Check: Cost of Living in German Cities
University of Regensburg M.Sc. Economics Admission 2027
Admission is competitive but achievable for Indian students with strong quantitative backgrounds. The university evaluates your bachelor transcript, English proficiency, and prerequisite ECTS in economics and mathematics.
Academic Eligibility
| Requirement | Minimum | Notes |
|---|---|---|
| Bachelor’s Degree | Required in any field | Economics, commerce, or engineering preferred. Thesis must be at bachelor level or higher. |
| Economics Courses (ECTS) | 20 ECTS core + 20 ECTS additional | Core: micro- and macroeconomics. Additional: any economics course. |
| Mathematics / Statistics (ECTS) | 15 ECTS | Calculus, linear algebra, or econometrics. Must include statistics. |
| Overall GPA / Grade Average | 2.5 on German scale (B- / C+) | Equivalent to 60% or 3.0 on US 4.0 scale. Final-year grades weighted more heavily. |
Honest Take: The university ranks highly for quantitative program quality (QS Global Rankings 691, THE Global Rankings 401). Your strong mathematics foundation is worth more than a perfect GPA if your quant coursework is solid.
English Language Proficiency
You must prove English proficiency at CEFR B2 level or higher. This is mandatory.
| Test | Minimum Overall Score | Minimum Per Component |
|---|---|---|
| IELTS | 6.5 | 6.0 in reading, writing, listening, speaking |
| TOEFL iBT | 92 | 21 in each section |
| Cambridge FCE | Grade B or higher | No component minimum specified |
| Duolingo English Test | 110 | 100 minimum in each skill |
- IELTS or TOEFL are most widely accepted by German universities and easier to schedule in India.
- Test scores must be dated within two years of the application deadline (December 1, 2026).
- If your bachelor degree was taught in English abroad, you may request a waiver; contact the department at studien.info@wiwi.uni-regensburg.de.
Tip for Indian Students: IELTS is administered monthly across India; TOEFL is online year-round. Start your English test 4–5 months before the December deadline (aim for September 2026 test date).
University of Regensburg M.Sc. Economics Application 2027
The university uses an online application portal. Submit all documents at once—do not apply and wait for feedback to reapply. Processing takes 4–6 weeks after the deadline.
| Intake | Application Window | Final Deadline | Status | Program Start |
|---|---|---|---|---|
| Summer Semester (next) | November 1 – December 1, 2026 | 1 December 2026, 23:59 CET | Open | April 2027 |
| Winter Semester (following) | May 1 – June 1, 2027 | 1 June 2027, 23:59 CET | Expected | October 2027 |
- Apply at spur.uni-regensburg.de. Create an account at least one week before the deadline.
- Submit bachelor transcript, English test score, proof of ECTS prerequisites, and a statement of purpose (one page).
- Wait times after submission: 4–6 weeks for a decision. Rejected applicants may reapply in the next cycle without restrictions.
Application Tip: Indian applicants should submit well before December 1 to avoid portal congestion in the final 48 hours. Transcript translation (bachelor degree to English) takes 2–3 weeks via your university’s registrar; request it by October 1, 2026.
Read More: University of Regensburg Admission
University of Regensburg M.Sc. Economics Scholarships 2027
Regensburg offers no dedicated scholarships for this program. However, you can access external German scholarships funded by the government and cultural organizations.
External Scholarship Sources
| Scholarship | Monthly Amount (EUR) | Monthly Amount (INR) | Eligibility | Frequency (Semesters) |
|---|---|---|---|---|
| DAAD Master’s Scholarships | 934 | INR 102,475 | All nationalities; merit-based (strong bachelor’s, English); competitive (acceptance rate ~10%) | 12–24 months (1–2 years) |
| Deutschlandstipendium | 300 | INR 32,910 | High academic achievement; open to non-EU; limited slots (5–10 per intake) | 4 semesters |
| BAYHOST (Bavaria State) | Semester fee waiver | INR 21,206 (EUR 198 per semester) | Restricted to Bulgaria, Croatia, Czech Republic, Hungary, Poland, Romania, Serbia, Slovakia, Ukraine | 4 semesters |
| University Excellence Award | Semester fee waiver | INR 21,206 (EUR 198 per semester) | Exceptional academic record (top 1%); merit-only | 4 semesters |
- DAAD scholarships fully fund living costs and fees; Indian students have a realistic chance with excellent bachelor’s credentials.
- Deutschlandstipendium and Excellence Awards are highly competitive but waive your entire semester contribution (EUR 792 total).
- BAYHOST does not cover India, but internal university merit-based aid may still apply if your GPA is in the top 5%.
Scholarship Reality: Without a scholarship, your total four-semester cost is EUR 20,880 (fees + living). DAAD would cut this to EUR 3,500 out-of-pocket. Apply for DAAD and internal awards simultaneously; decisions are independent.
Also check,
University of Regensburg M.Sc. Economics Salary 2027
Economics graduates from Regensburg enter careers in finance, consulting, data science, and policy. Salary varies significantly by sector and your specialization choice.
| Career Path | Entry-Level Salary (EUR) | Entry-Level Salary (INR) | Mid-Career Salary (EUR) | Mid-Career Salary (INR) |
|---|---|---|---|---|
| Data Scientist / Analyst | 50,000 – 60,000 | INR 54.85 Lakhs – 65.82 Lakhs | 75,000 – 90,000 | INR 82.28 Lakhs – 98.73 Lakhs |
| Financial Analyst / Quantitative Analyst | 52,000 – 65,000 | INR 57.04 Lakhs – 71.31 Lakhs | 80,000 – 100,000 | INR 87.76 Lakhs – 1.10 Crore |
| Management Consultant | 55,000 – 70,000 | INR 60.34 Lakhs – 76.79 Lakhs | 85,000 – 110,000 | INR 93.24 Lakhs – 1.21 Crore |
| Policy Analyst / Economist | 45,000 – 55,000 | INR 49.37 Lakhs – 60.34 Lakhs | 65,000 – 80,000 | INR 71.31 Lakhs – 87.76 Lakhs |
Source: INOMICS, Mastersportal, German Employment Agency 2026
- Entry-level figures are gross salaries in Germany (before taxes, social insurance ~42% deduction).
- Consulting and finance roles are highest-paying; data science is fastest-growing.
- German cities with highest salaries: Frankfurt (finance), Munich (consulting and tech), Hamburg (insurance).
ROI Reality: Your four-semester cost (EUR 20,880) is recovered within 4–6 months of your first salary. By year three, a consulting role in Munich yields EUR 95,000+ gross, significantly above entry-level Indian MNC salary.
Also Check: University of Regensburg Rankings
Germany Visa for M.Sc. Economics 2027
Indian students need a German D-visa (long-stay student visa) to study in Germany. Processing takes 6–12 weeks from application to approval. You must prove you have blocked account funds (Sperrkonto) equivalent to 12 months of living expenses.
Post-Study Work Visa (Aufenthaltstitel)
- After graduation, you are eligible for an 18-month post-study work visa (job-search permit).
- You can work full-time during these 18 months to find a role matching your degree.
- If you secure a job within the 18-month window, you can apply for a skilled-worker Blue Card or employment visa lasting up to three years.
- Permanent residence (PR / Aufenthaltserlaubnis) is achievable after 33 months of continuous work in Germany or 21 months with B1-level German language proficiency.
Blocked Account (Sperrkonto) for Indian Students
You must deposit EUR 11,904 (INR 13.05 Crore) in a locked German bank account. The bank releases EUR 992 (INR 1.09 Lakh) monthly to cover living costs.
Visa Reality: Germany’s 18-month post-study work visa is one of Europe’s longest. It gives you genuine time to find a role in your field—far better than the UK’s 6-month or Canada’s employer-sponsored routes.
Read More: German Student Visa Requirements
M.Sc. Economics FAQs
Ques. Can I switch specializations after I enroll?
Ans. Yes, the program allows elective flexibility. In the first semester, you take mandatory core courses (Advanced Microeconomics, Macroeconomics, Econometrics). From semester two onward, you choose six electives: at least 36 ECTS must be core economics courses, and 24 ECTS can come from interdisciplinary courses, internships, or language studies. You don’t have to finalize your specialization (Macro & Finance, Data Science & Micro, or Real Estate) until you select your electives—most students choose freely rather than committing to one track.
Ques. What is the typical class size and student profile?
Ans. Core courses in semester one have 30–50 students. Electives typically have 15–25 students. The cohort is approximately 40–50% international students from India, China, Russia, and Eastern Europe. German students are a minority. Class language is entirely English; no German proficiency is required for coursework, though learning German socially is recommended for networking and long-term employment.
Ques. Is there an internship or work-study option during the program?
Ans. Internships are not mandatory but are highly encouraged. You can count up to 12 ECTS toward your degree from an internship (typically 3–4 months). Many students intern at Deutsche Bank, SAP, Siemens, or consulting firms in Frankfurt, Munich, or Hamburg during semester breaks. The Economics Department has partnerships with several major employers in southern Germany.
Ques. What are my options if I don’t get admitted in December 2026?
Ans. You can reapply in the June 2027 intake (deadline June 1, 2027) with no penalty. Many applicants are rejected in December simply due to application volume, not because they don’t qualify. Use the waiting period to strengthen your English test score or add relevant work experience. The program begins in April every year, so delaying to October 2027 (after June 2027 deadline) is also feasible if you want more time to prepare.
Ques. Are there study-abroad or Erasmus options during the master’s?
Ans. The Economics Department offers an Honors Program (application-based for top 10% of applicants) that includes mandatory semester abroad at a partner university in Belgium, France, or Switzerland. Standard students can pursue Erasmus exchange in semesters two or three at one of 30+ partner institutions across Europe. Both are optional and fully integrated into the curriculum; students can complete the degree in four semesters without leaving Regensburg.
The M.Sc. Economics at Regensburg is an excellent fit if you’re building expertise in data science, finance, or policy and want to work in Germany or Europe after graduation. The flexible specializations, strong industry connections, and low cost make it competitive even against much pricier programs in Frankfurt or Munich. Start your English test now, gather your bachelor transcripts, and apply by December 1, 2026.
Tuition Fees
| Year | 1st Year Fees |
|---|---|
| Tuition Fees | $370 (EUR 330) |
Other Expenses
| Head | Avg Cost Per Year |
|---|---|
| Health Insurance | $1120 (EUR 1000) |
| Total Cost | $1120 (EUR 1000) |
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Key Resources for Your Study Abroad Journey
Course Guides
Master Degree in Germany in English: Top Universities, Fees and Requirements
Master in Social Science in Germany
MS in Economics in Germany: Fees 2024, Admissions, Top Colleges, Jobs & Salaries
MS in Germany: MS in Germany: Deadlines, Fees, Scholarships, Jobs
Scholarship Grants & Financial Aids
| Name | Scholarship Per Student | Level of Study | Type | |
|---|---|---|---|---|
| VueVille Future Technology Scholarship | Scholarship per student$ 1,120/Yr$1,000 | Level Of StudyBachelor | TypeMerit-Based | |
| MAWISTA Scholarship | Scholarship per student$ 7,494/Yr$6,691 | Level Of StudyBachelor | TypeEasy-to-Apply | |
| Kurt Hansen Science Scholarship | Scholarship per student$ 11,200/Yr$10,000 | Level Of StudyDoctorate | TypeNeed-Based | |
| Bharat Petroleum Scholarship | Scholarship per studentVariable Amount | Level Of StudyMaster | TypeMerit-Based | |
| Axol Science Scholarship | Scholarship per student$ 2,240/Yr$2,000 | Level Of StudyBachelor | TypeCompany-Sponsored |
Similar Programs
| Program | Important Date | Total Fees | Median Exams Score | Action |
|---|---|---|---|---|
Application deadline for 2027 Summer Intake (15th Nov 2026) Application Deadline for 2027 Winter semester (15th May 2027) | USD 605 /Yr EUR 540 /Yr |
| ||
-- | USD 370 /Yr EUR 330 /Yr |
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