Master’s · Economics

Economics and Finance M.Sc.

Rhine-Waal University of Applied Sciences · Kleve · Official programme page

20 facts from 8 official pages · last checked 14 November 2026

Reviewed by Dennis Maaß, admission and immigration expert
Published 8 November 2026 · Last reviewed 8 November 2026

Key facts

Length, deadlines and costs

Language: English
Source
“Language of instruction English”
www.hochschule-rhein-waal.de/en/economics-and-finance-msc · checked 14 November 2026
Study mode: On campus
Source
“All courses are offered at the designated campus.”
www.hochschule-rhein-waal.de/en/economics-and-finance-msc · checked 14 November 2026
The page names one physical campus and offers no online or distance variant; HSRW publishes no online-only degree programme.
Attendance: Full-time
Source
“Study mode Full-time”
www.hochschule-rhein-waal.de/en/economics-and-finance-msc · checked 14 November 2026
Length: 3 semesters
Source
“Standard study duration 3 semesters”
www.hochschule-rhein-waal.de/en/economics-and-finance-msc · checked 14 November 2026
Credits: 90 ECTS
Source
“Den Modulen eines Masterstudienganges sind nach Maßgabe des § 6 Absatz 5 in der Summe 90 Kreditpunkte zugeordnet.”
www.hochschule-rhein-waal.de/fileadmin/upload_redaktion/Dezernate/Rechtl_Akadem_Angelegenheiten/Regelungen_der_zentralen_Ebene/NGF_RPO_idF_d._4.%C3%84S_v._02.04.2024.pdf · checked 7 November 2026
Institution-wide figure from the General Examination Regulations (RPO); the programme pages give only the standard study duration of three semesters and no credit total.
Intakes: Winter, Summer
Source
“Start of studies 1 September 1 March”
www.hochschule-rhein-waal.de/en/economics-and-finance-msc · checked 14 November 2026
Non-EU deadline: 15 Jan 2027 (summer 2027)15 Jul 2027 (winter 2027)
Source
“Winter semester: 15 July Summer semester: 15 January”
www.hochschule-rhein-waal.de/en/economics-and-finance-msc · checked 14 November 2026
HSRW publishes one deadline for all nationalities; there is no separate non-EU deadline. The selection and admission statutes make 15 July (winter) and 15 January (summer) binding cut-off dates, with documents submitted late still considered until 20 July and 20 January respectively.
Non-EU tuition: None
Source
“For the 2026/27 winter term, the termly fee is €365.10. The termly fee comprises several components: Social contribution: €120.00 Student Union fee: €15.30 Deutschlandticket: €226.80”
www.hochschule-rhein-waal.de/en/study/all-about-university-life/costs-and-funding/tuition-fees · checked 14 November 2026
None of the components of the termly fee is a tuition fee, and HSRW's fee statute (Hochschulabgabensatzung) sets no tuition and no surcharge for non-EU students. The DAAD International Programmes entry for every Rhine-Waal programme states "No tuition fees". North Rhine-Westphalia charges no tuition for first degrees.
Application fee: €75 one-off uni-assist handling fee for the first chosen course of study, per semester€30 one-off uni-assist handling fee for each additional chosen course of study in the same semester
Source
“Cost for the first chosen course of study: EUR 75.00 For each additional chosen course of study: EUR 30.00”
www.uni-assist.de/en/how-to-apply/apply-online/pay-submit/ · checked 14 November 2026
HSRW charges no application fee of its own: its fee statute lists none, and applicants with a German qualification apply free of charge through the university portal. The fee is uni-assist's, which is the compulsory route for everyone whose university entrance qualification was obtained outside Germany; it is charged again for a new semester. Marked appliesTo "non-eu" because the uni-assist route follows from a foreign qualification, not from nationality.
Places: Restricted (limited places)
Source
“Entry requirements Restricted”
www.hochschule-rhein-waal.de/en/economics-and-finance-msc · checked 14 November 2026
A fixed number of places (örtliche Zulassungsbeschränkung / Numerus Clausus): "Restricted admission, on the other hand, means that there are usually more applicants than places available. Once the application deadline has passed, applicants are selected according to specific criteria, often based on the Numerus Clausus (NC), i.e. their final school-leaving grade." HSRW publishes no current NC value: "The NC is set anew each year; figures from previous years serve as a guide." The number of places is set each year in the Zulassungszahlensatzung and is not published on the programme pages.
Places for non-EU applicants: Separate quota · Ranked separately from German and equal-status applicants, primarily by the grade of the qualification that gives access (school-leaving grade for bachelor's, average grade of the first degree for master's). The examination regulations may form country sub-quotas (Länderproporz): a ranking is built per country of origin and the per-country lists are then merged, so the best-placed applicant of each country is admitted first. Ties are decided by lot. Holders of a scholarship from a German merit-based programme can be given a grade bonus.
Source
“§ 5a Auswahl und Zulassung von Drittstaatsangehörigen (1) Zu zulassungsbeschränkten Studiengängen erfolgt die Zulassung von auslän- dischen Staatsangehörigen und Staatenlosen, die nicht nach § 1 Absatz 2 Satz 2 Vergabeverordnung NRW deutschen Staatsangehörigen gleichgestellt sind, in erster Linie nach dem Grad der Eignung und Leistung, wie sie sich aus … der Hochschulzugangsberechtigung ergibt. … Die Prüfungsordnungen können bestimmen, dass im Sinne von Länderquotie- rungen Untergruppen (Länderproporz) gebildet werden.”
www.hochschule-rhein-waal.de/fileadmin/upload_redaktion/Dezernate/Rechtl_Akadem_Angelegenheiten/Regelungen_der_zentralen_Ebene/NGF_Auswahl-_und_Zulassungssatzung_idF_d._10._%C3%84S_v._28.10.25.pdf · checked 7 November 2026
`share` is omitted because HSRW states no percentage: the only share in the statutes is "zu 5 Prozent an beruflich qualifizierte Bewerberinnen und Bewerber" (vocationally qualified applicants, not non-EU). The size of the non-EU contingent follows from the Vergabeverordnung NRW, which the statute only cross-references. The country sub-quota is optional ("können bestimmen"); of the English-taught programmes only Sustainable Development Management M.A. invokes Section 5a in its own examination regulations.

Admission

What you need to apply

3-year bachelor’s: Accepted with conditions
Source
“I need a Learning Agreement because, although I have at least 180 ECTS credits, I have fewer than 210 ECTS credits or seven standard full-time semesters in my Bachelor’s degree. What should I do now? Don’t worry! Once your enrolment has been successfully completed, we’ll work with you to draw up a personalised plan to help you make up the missing 30 ECTS credits.”
www.hochschule-rhein-waal.de/en/economics-and-finance-msc · checked 14 November 2026
A 180-ECTS bachelor's is admissible: the missing 30 ECTS are made up during the master's under a Learning Agreement drawn up after enrolment, by taking bachelor's modules or by having work experience recognised, and admission to the master's thesis depends on proving them (RPO Section 4a (4)). This is the clearest statement of the rule on any HSRW page.
Subject background: A first degree in economics or business sciences, business mathematics, industrial engineering, business informatics or business psychology; the examination board may also accept political science or social science degrees with an economic or business focus. Basic knowledge of statistics, econometrics or mathematics is described as ideal.
Source
“A “related field” within the meaning of Section 4a (1) RPO is defined as any undergraduate degree programme in: a. Economics or business sciences b. Business mathematics; c. Industrial engineering; d. Business informatics; or e. Business psychology.”
www.hochschule-rhein-waal.de/fileadmin/upload_redaktion/Dezernate/Rechtl_Akadem_Angelegenheiten/Pr%C3%BCfungsordnungen/PO_Fakult%C3%A4t_G%C3%96/Master/Economics_and_Finance/en/2025-05-22_Exam_Regulations_MEF_4_AS.pdf · checked 14 November 2026
Minimum grade: At least 2.5 on the German grading scale, or an "A" or "B" on the ECTS grading scale, in the first degree.
Source
“A cumulative GPA of at least 2.5 on the German grading scale, or alternatively an A or B on the ECTS grading scale, must have been awarded for the applicant’s undergraduate degree according to subsection (2).”
www.hochschule-rhein-waal.de/fileadmin/upload_redaktion/Dezernate/Rechtl_Akadem_Angelegenheiten/Pr%C3%BCfungsordnungen/PO_Fakult%C3%A4t_G%C3%96/Master/Economics_and_Finance/en/2025-05-22_Exam_Regulations_MEF_4_AS.pdf · checked 7 November 2026
The programme page does not mention any grade threshold.
How your grade is converted: Not stated by the university
3 pages checked, 14 Nov 2026
www.hochschule-rhein-waal.de/fileadmin/upload_redaktion/Dezernate/Rechtl_Akadem_Angelegenheiten/Pr%C3%BCfungsordnungen/PO_Fakult%C3%A4t_G%C3%96/Master/Economics_and_Finance/en/2025-05-22_Exam_Regulations_MEF_4_AS.pdf
www.hochschule-rhein-waal.de/en/economics-and-finance-msc
www.hochschule-rhein-waal.de/fileadmin/upload_redaktion/Dezernate/Rechtl_Akadem_Angelegenheiten/Regelungen_der_zentralen_Ebene/NGF_RPO_idF_d._4.%C3%84S_v._02.04.2024.pdf
Only the German threshold and the ECTS-grade alternative are given; no conversion formula for foreign grades is published.
English: Level B2. IELTS 5.5 · TOEFL iBT 72 · PTE 59. Cambridge: Preliminary English Test (PET) with Distinction, or First Certificate in English (FCE) grade B or C. B2 column of the institution-wide table: IELTS Academic 5.5, TOEFL iBT 72 (or 4 as of 21.01.2026), PTE Academic 59-75, TOEIC Listening and Reading 785-944 (Speaking 160-179, Writing 150-179), telc B2-Zertifikat, UNIcert II, Cambridge PET with Distinction or FCE grade B/C, BEC Vantage, ILEC, ICFE, Cambridge IGCSE 1st or 2nd Language with a B2 average. A secondary school diploma or a completed degree from the U.S., Canada, Great Britain, Australia, New Zealand, Ireland or a few Caribbean states is also accepted. Duolingo and TOEFL Home Edition are not listed in the table.. Exemption: None. The examination regulations only refer to RPO Section 4a (6a), which grants no exemption, and the programme FAQ requires an English certificate from every international applicant "even if they have previously studied in English", no more than two years old, and does not accept a letter. So neither a degree taught in English nor a medium-of-instruction letter exempts anyone here.
Source
“Category: B2 C1 … IELTS IETLS Academic IETLS Academic (minimum score: 5.5) (minimum score: 7.0) … TOEFL iBT (minimum score: 72 or 4 as … PTE Academic (score 59 - 75)”
www.hochschule-rhein-waal.de/fileadmin/upload_redaktion/Dezernate/Studierendenangelegenheiten/Studierendenservice/Accepted_English_Language_Proofs__15_.pdf · checked 14 November 2026
Scores come from HSRW's institution-wide "Accepted English Language Proofs" table, which has one B2 and one C1 column. The table does not mention Duolingo or the TOEFL Home Edition, and no HSRW page says whether either is accepted, so neither is recorded as accepted or rejected. RPO Section 4a (6a) sets B2 for every English-taught master's programme and lets the individual examination regulations ask for C1 instead: "Für Masterstudiengänge, die in englischer Sprache stattfinden, ist die erforderliche Sprachkenntnis durch ein Zertifikat der Niveaustufe B2 gemäß Common European Framework (CEF) nachzuweisen. Die Prüfungsordnungen können ein höheres Sprachniveau mit Stufe C1 fordern." This programme's FAQ is unusually strict: "All international applicants must provide us with an English language certificate, such as TOEFL or IELTS, even if they have previously studied in English. The language certificate must be valid at the time of application (i.e. no more than two years old). A simple statement in the form of a letter will not be accepted." So a medium-of-instruction letter is not accepted here.
German: Not needed when applying
Source
“Proof of German language proficiency is not required for English-taught degree programmes.”
www.hochschule-rhein-waal.de/en/study/before-starting-university/application-process/guide-for-international-applicants · checked 14 November 2026
HSRW sets no German level for its English-taught programmes at application, during the degree or at graduation; German courses are optional and offered by the Centre for Internationalisation and Languages.
GRE / GMAT / GATE: Not required
Source
“(5) Intentionally omitted.”
www.hochschule-rhein-waal.de/fileadmin/upload_redaktion/Dezernate/Rechtl_Akadem_Angelegenheiten/Pr%C3%BCfungsordnungen/PO_Fakult%C3%A4t_G%C3%96/Master/Economics_and_Finance/en/2025-05-22_Exam_Regulations_MEF_4_AS.pdf · checked 14 November 2026
The fourth amending statutes of 24 March 2025 deleted the aptitude-test clause. The earlier version (2nd amendment, 1 September 2023) still required international applicants not treated as equivalent to German applicants to pass TM-WISO/TM-BASE (min. 102), GRE (V 150 / Q 162 / AW 4.0) or GMAT (min. 600), while waiving it for the intakes from summer 2024 to winter 2025/26. The current Master's degrees page lists an aptitude test only for Bionics, Mechanical Engineering and Information Engineering and Computer Science, which agrees with the deletion.
Selection: Restricted admission: places are allocated by the average grade of the first degree. Applicants whose degree is not yet complete may apply if only the colloquium, one module examination and the thesis mark are outstanding, proven by a current transcript of records; the completed degree must be proven by the end of the re-registration period for the second semester.
Source
“Entry requirements Restricted”
www.hochschule-rhein-waal.de/en/economics-and-finance-msc · checked 14 November 2026
Admission requirements are assessed case by case for all HSRW master's programmes. Section 4 of the selection and admission statutes governs the grade-based ranking and the application with an unfinished degree.

India, Pakistan, Nigeria

Rules for applicants from India, Pakistan and Nigeria

English test waiver: No waiver stated for India, Nigeria or Pakistan: plan for an English test
Source
“All international applicants must provide us with an English language certificate, such as TOEFL or IELTS, even if they have previously studied in English. … A simple statement in the form of a letter will not be accepted.”
www.hochschule-rhein-waal.de/en/economics-and-finance-msc · checked 14 November 2026
The programme FAQ rules out a medium-of-instruction letter explicitly and requires the certificate to be no more than two years old; the examination regulations only refer to RPO Section 4a (6a).
Rules that name these countries: None named on the pages checked

The rules for your country across all universities, and the visa rules on English tests, are on the India, Pakistan and Nigeria pages.

More on this programme

Every value was read on an official page and is stored with a verbatim quote; open “Source” to see it. “Not stated by the university” means none of the pages we checked says, and lists those pages. Rules change: confirm with the university before you apply or pay.