Master’s · Finance & Accounting
Financial Economics M.Sc.
Otto von Guericke University Magdeburg · Magdeburg · Official programme page
18 facts from 9 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 English”
www.ovgu.de/unimagdeburg/en/Study/Study+Programmes/Study+Programmes+in+English/Financial+Economics.html · checked 14 November 2026
- Study mode
- Not stated by the university
3 pages checked, 7 Nov 2026
- www.ovgu.de/en/Study/Study+Programmes/Study+Programmes+in+English.html
- www.ovgu.de/unimagdeburg/en/International/Incoming+_+Ways+to+the+University/International+Students/Full_Time+Studies/General+Requirements.html
- www.ovgu.de/en/International/Incoming+_+Ways+to+the+University/International+Students.html
No OVGU page states the teaching mode. Only the Studien- und Prüfungsordnung of each programme would, and the 'Examination regulations' links on the English pages are partly wrong (the Visual Computing page links to the Computervisualistik regulations), so nothing is recorded rather than an assumption of on-campus teaching.
- Length
- 4 semesters
Source
“Duration 4 Semesters Enrollment Wintersemester Admission restriction No restricted admission”
www.ovgu.de/unimagdeburg/en/Study/Study+Programmes/Study+Programmes+in+English/Financial+Economics.html · checked 14 November 2026
- Credits
- Not stated by the university
2 pages checked, 7 Nov 2026
- www.ovgu.de/en/Study/Study+Programmes/Study+Programmes+in+English.html
- www.verwaltungshandbuch.ovgu.de/H%C3%B6B+Teil+I/1_06+Pr%C3%BCfungsordnungen-media_id-1394-p-48.html
The datasheets and the English-programmes overview give only the standard period of study in semesters. Credit totals appear solely in each programme's Studien- und Prüfungsordnung in the German Verwaltungshandbuch, which is reached through a multi-level index and whose links from the English pages are partly stale, so no figure is recorded.
- Intakes
- Winter
Source
“Duration 4 Semesters Enrollment Wintersemester Admission restriction No restricted admission”
www.ovgu.de/unimagdeburg/en/Study/Study+Programmes/Study+Programmes+in+English/Financial+Economics.html · checked 14 November 2026
- Non-EU deadline
- 15 Jul 2027 (winter 2027)
Source
“Applicants with International Bachelor degree über uni-assist 15 July”
www.ovgu.de/unimagdeburg/en/Study/Study+Programmes/Study+Programmes+in+English/Financial+Economics.html · checked 14 November 2026
Applicants with a German bachelor's degree have until 15 September.
- Non-EU tuition
- None
Source
“There are no tuition fees and the semester fee already includes the Deutschland-Ticket.”
www.ovgu.de/unimagdeburg/en/Study/Organization+of+the+Stay/Finance-p-48630.html · checked 14 November 2026
Saxony-Anhalt charges no general tuition and OVGU charges none by nationality. Fees apply only for a second degree (500 EUR per semester), for guest students and for students over 60.
- Application fee
- €75 one-off uni-assist handling fee for the first chosen course of study in a semester€30 one-off 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 7 November 2026
OVGU itself charges no application fee; applicants with a foreign qualification pay uni-assist's handling fee.
- Places
- Unrestricted
Source
“Admission restriction No restricted admission”
www.ovgu.de/unimagdeburg/en/Study/Study+Programmes/Study+Programmes+in+English/Financial+Economics.html · checked 14 November 2026
Admission
What you need to apply
- 3-year bachelor’s
- Accepted
Source
“1. Relevant bachelor's, diploma, or comparable degree with at least 140 ECTS (at the time of applying), and an average grade of 2.9 or better, determined from the examination results.”
www.ovgu.de/unimagdeburg/en/Study/Study+Programmes/Study+Programmes+in+English/Financial+Economics.html · checked 14 November 2026
140 ECTS at the time of applying, so a three-year 180-ECTS bachelor's qualifies.
- Subject background
- Relevant bachelor's, diploma or comparable degree with at least 60 ECTS (EU degrees) or 12 modules (non-EU) in economics and at least 15 ECTS or 4 modules in quantitative methods; relevance is proved with the faculty's verification form
Source
“- A study program is relevant if at least 60 ECTS (EU degrees) or 12 modules (non-EU) in economics, and at least 15 ECTS (EU degrees) or 4 modules (non-EU) in courses in the field of quantitative methods have been acquired.”
www.ovgu.de/unimagdeburg/en/Study/Study+Programmes/Study+Programmes+in+English/Financial+Economics.html · checked 14 November 2026
- Minimum grade
- 2.9 or better on the German scale
Source
“and an average grade of 2.9 or better, determined from the examination results”
www.ovgu.de/unimagdeburg/en/Study/Study+Programmes/Study+Programmes+in+English/Financial+Economics.html · checked 14 November 2026
- English
- Level C1. IELTS 7 · TOEFL iBT 95 · TOEFL band 5 · Home Edition accepted · PTE 76. Cambridge: Certificate of Advanced English + Grade B or C (CAE). The Faculty of Economics and Management also accepts GMAT 550 total, GRE quantitative 153 and verbal 151, TOEIC (945/180/180, all three), telc C1, UNIcert III, or 30 ECTS of English-taught modules from a degree in the European Higher Education Area. Certificates proven by a language test are valid for five years only.. Exemption: No certificate is needed with a secondary school certificate from Australia, Canada (except Quebec and New Brunswick) or the USA, with British or international GCE A-Levels, an Irish Leaving Certificate, a New Zealand NCEA, a Scottish Qualifications Certificate, an IB Diploma (Language A or Language B HL) or a European Baccalaureate (L1 or L2); with a university degree from Australia, Canada (same exception), Ireland, Great Britain, New Zealand or the USA; with a qualification equivalent to a German degree from Antigua and Barbuda, the Bahamas, Barbados, Belize, the British Overseas Territories, Dominica, Grenada, Guyana, Jamaica, Malta, St Kitts and Nevis, St Lucia, St Vincent and the Grenadines or Trinidad and Tobago; or with the German Abitur.
Source
“2. Proof of English language skills on C1 level with one of the recognized options.”
www.ovgu.de/unimagdeburg/en/Study/Study+Programmes/Study+Programmes+in+English/Financial+Economics.html · checked 14 November 2026
The Faculty of Economics and Management publishes its own list (faculty-specific entries highlighted in blue) on top of the university framework; the programme pages link it as 'Overview of recognized English proof options'. No Duolingo English Test on either list.
- German
- Not needed when applying
Source
“International students can pursue a degree without learning German first. OVGU offers a wide range of bachelor and master degree courses of study that are taught in English completely.”
www.ovgu.de/en/International/Incoming+_+Ways+to+the+University/International+Students.html · checked 7 November 2026
No German certificate is asked for in this programme's admission requirements, and no page sets a German level for graduation.
- GRE / GMAT / GATE
- Optional
Source
“430 total score … quantitative part: 147”
www.ovgu.de/unimagdeburg_media/Nachweis_English.pdf · checked 7 November 2026
GMAT and GRE appear only as two of the accepted proofs of English language skills (GMAT 430 / GRE 147 quantitative and 145 verbal for B2; GMAT 550 / GRE 153 and 151 for C1). Neither test is required as an aptitude test, and no page asks for one.
- Selection
- The faculty's verification form for relevance and a letter of motivation in English of at most 450 words
Source
“4. Letter of motivation in English, containing no more than 450 words”
www.ovgu.de/unimagdeburg/en/Study/Study+Programmes/Study+Programmes+in+English/Financial+Economics.html · checked 14 November 2026
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
“Some applicants are exempt from showing an additional proof of their English proficiency. This is the case for the following … All other applicants must submit official language certificates with their application.”
“Proof of completion of at least 30 ECTS credit points (CP) in English-language modules obtained through a degree ECTS program within the European Higher Education Area (EHEA). … Proof of a school or university degree or of a school attendance for a minimum duration of nine months, from … Antigua & Barbuda, Australia, Bahamas, Barbados, Belize, Grenada, Great Britain (incl. overseas territories), … Guyana, Ireland, Jamaica, Canada, New Zealand, St. Kitts & Nevis, St. Vincent and the Grenadines, Suriname, Trinidad and Tobago, USA (incl. overseas territories)” page
www.ovgu.de/unimagdeburg/en/International/Incoming+_+Ways+to+the+University/International+Students/Full_Time+Studies/General+Requirements.html · checked 7 November 2026
The exemption list covers secondary school certificates from Australia, Canada (except Quebec and New Brunswick) and the USA, British and international GCE A-Levels, the Irish Leaving Certificate, the New Zealand NCEA, the Scottish Qualifications Certificate, the IB Diploma (Language A or B HL), the European Baccalaureate (L1 or L2), university degrees from Australia, Canada, Ireland, Great Britain, New Zealand and the USA, a qualification equivalent to a German degree from 14 Caribbean and Commonwealth states, and the German Abitur. India, Nigeria and Pakistan appear nowhere in it, and no OVGU page accepts a medium-of-instruction letter or an English-taught degree earned in those countries, so applicants from the three always submit a certificate. An applicant from one of them who happens to hold a listed qualification (most plausibly international GCE A-Levels) is exempt on that qualification, not on their country. The faculty's own list adds 30 ECTS of English-taught modules from a degree in the European Higher Education Area, and a degree or nine months of schooling with English as the teaching language in one of 16 named countries; India, Nigeria and Pakistan are in neither.
- Rules that name these countries
- India: Applicants from India must enclose a digital original APS certificate from the Academic Evaluation Centre in New Delhi with their application.
Source
“Applicants from India, the People's Republic of China and Vietnam must enclose a (digital) original certificate from the Academic Evaluation Centre (APS) in New Delhi, Beijing or Hanoi.”
www.ovgu.de/unimagdeburg/en/International/Incoming+_+Ways+to+the+University/International+Students/Full_Time+Studies/Applying+via+uni_assist+e_V_-p-107054.html · checked 7 November 2026
Listed among the documents the application itself must contain, so the certificate is needed at application, not at enrolment. China and Vietnam are named in the same sentence.
- India: Applicants from India must enclose a digital original APS certificate from the Academic Evaluation Centre in New Delhi with their application.
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
- All English-taught programmes at Otto von Guericke University Magdeburg
- Master’s programmes in Finance & Accounting at other universities
- Master’s programmes in Economics at other universities
- The university’s own page for 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.