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Best Universities in Germany for Economics

Updated on 11 October, 2023

upGrad Abroad Team

upGrad Abroad Team

upGrad abroad Editorial Team

Here is all the information that you need on the best universities in Germany for economics. The country is known for its flourishing job market and low unemployment rate along with excellent future research and academic prospects. This makes it a good choice for economics aspirants worldwide. 


Recommended Read: Study in Germany

Best Universities in Germany for Economics- Eligibility Criteria

Here are the eligibility criteria for the best universities in Germany for economics: 

  • The best universities in Germany for masters in economics usually require admissions via their official portals or the DAAD admissions site. 
  • You will require a minimum score of 75% in Class XII with statistics and mathematics as one of your subjects, for applying to universities in Germany for economics at the undergraduate level. 
  • You have to pass the Feststellungsprufung qualifying examination for bachelor’s programs in economics. 
  • Scores in language proficiency tests like IELTS, TestDaf, DSH level 2 and TOEFL
  • Bachelor’s degree in economics or related academic fields with statistics and mathematics as one of the key subjects (for master’s courses). 
  • At least 60% marks in the undergraduate degree for master’s program applicants. 
  • Scores in standardized examinations like GRE (for master’s applicants). 
  • CV/Resume.
  • LOR (Letter of Recommendation). 

Recommended Read: Study MASTERS in Germany

Leading universities in Germany for economics

Here are the top-ranked institutions for studying economics in Germany: 

Name of the Institution2021 QS Subject Rank
University of Mannheim40
Ludwig Maximilian University of Munich50
University of Bonn62
Humboldt University of Berlin71
Free University of Berlin136
University of Gottingen151-200

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Benefits of studying economics in Germany

Here are some of the biggest advantages of studying economics in Germany: 

  • Germany is a global hub for studying economics, home to some of the best institutions for both undergraduate and postgraduate courses in the subject. 
  • Students with UG or PG degrees in economics can pursue fulfilling careers as economists, analysts and in various positions with handsome average salaries as well. 
  • Economics courses are some of the highest-ranked programs in terms of average remuneration in the country based on reports. 
  • Thousands of international students enrol in economics and social sciences-based courses every year, greatly enhancing the overall popularity of the subject. 
  • Germany has public universities offering lower educational costs, i.e. zero tuition fees and only some enrollment and administrative costs. Private universities are not free but charge comparatively reasonable fees.

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upGrad Abroad Team

upGrad abroad Editorial Team

We are a dedicated team of study-abroad experts, ensuring intensive research and comprehensive information in each of our blogs. With every piece written, we aim at simplifying the overseas education process for all. Our diverse experience as journalists, content writers, editors, content strategists, and marketers helps create the most relevant and authentic blogs for our readers.

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