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The International Economics program at Furtwangen University, Germany, offers an in-depth understanding of global economic systems, trade policies, and international financial markets. Designed for students seeking to analyze economic interactions be...
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Duration
24 Months
Degree Level
Masters
Field of Study
Social Sciences
Intl. Fee
7500 EUR per year
Intake
Winter semester (October), Summer semester (April)
Deadline
July 15 for winter semester, January 15 for summer semester
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The International Economics program at Furtwangen University, Germany, offers an in-depth understanding of global economic systems, trade policies, and international financial markets. Designed for students seeking to analyze economic interactions between countries, the curriculum integrates theoretical knowledge with practical applications. Students explore topics such as global trade, development economics, monetary policies, and economic integration. The program emphasizes quantitative methods and empirical analysis, preparing graduates to address complex economic challenges in an interconnected world. With access to experienced faculty and modern research facilities, students gain valuable insights into current international economic issues and trends. This program is ideal for those aspiring to careers in international organizations, government agencies, or multinational corporations. Additionally, the multicultural environment at Furtwangen University enriches the learning experience, fostering global perspectives and cross-cultural collaboration. The course duration is typically two years, providing ample opportunities for internships and research projects that enhance employability in the global job market.
This program is ideal for graduates with a background in economics, business, or social sciences who aspire to specialize in international economic relations. It suits individuals aiming for careers in global trade, policy analysis, international organizations, or economic consultancy. Those interested in understanding economic globalization, cross-border financial systems, and development economics will benefit greatly. Candidates should have strong analytical abilities, quantitative skills, and a passion for global economic issues. The course also appeals to professionals seeking to enhance their expertise and advance in international economic roles. Multicultural and open-minded students who thrive in collaborative environments will find this program particularly rewarding.
Graduates of the International Economics program at Furtwangen University are well-equipped for diverse careers in international trade, economic policy, financial institutions, and development agencies. Common roles include economic analyst, trade consultant, policy advisor, and research associate in governmental and multinational organizations. Alumni also find opportunities in international NGOs, financial services, and global corporations. The program’s strong analytical training and practical orientation enhance employability in competitive global job markets. Graduates can contribute to shaping economic strategies, conducting market analysis, and advising on trade regulations. The degree also provides a solid foundation for pursuing doctoral studies or academic research in international economics.
Applicants must hold a relevant bachelor’s degree in economics, business administration, or a related social science discipline with a minimum GPA as specified by the university. Proof of proficiency in English is mandatory, typically through IELTS or TOEFL scores. Candidates should submit a completed application form, academic transcripts, a curriculum vitae, and a motivation letter outlining their interest in international economics. Some programs may require letters of recommendation and an interview to assess suitability. Work experience in related fields can be advantageous but is not compulsory. Meeting the minimum academic and language requirements ensures eligibility for admission. All documents must be certified copies and submitted before the application deadline. Additionally, applicants should demonstrate analytical skills and a strong foundation in economics and quantitative methods to succeed in the program.
Indian applicants must possess a relevant bachelor’s degree with a minimum aggregate score equivalent to the German Fachhochschulreife or Hochschulzugangsberechtigung. Certified copies of academic transcripts, degree certificates, and proof of English language proficiency (IELTS 6.5 or TOEFL 90) are mandatory. Additionally, Indian students should provide a motivation letter, CV, and possibly letters of recommendation. It is important to have all documents translated into English or German by certified translators. Applicants may also need to clear the university’s aptitude assessment or attend an interview. Early application is encouraged to accommodate visa processing times. Familiarity with Germany’s recognition procedures for Indian qualifications is beneficial for a smooth admission process.
Applicants must demonstrate English proficiency through recognized tests such as IELTS with a minimum overall score of 6.5 or TOEFL with at least 90 points. Some programs may accept equivalent qualifications or proof of prior education conducted in English. Language certificates must be valid and submitted during the application process. Meeting these requirements ensures students can effectively participate in lectures, assignments, and research activities conducted in English.
Indian applicants should be mindful of the detailed document verification process required by German authorities, including certified translations of academic records. Early preparation of visa documents, including proof of financial resources (about 11,208 EUR per year), is essential. Health insurance must be secured prior to arrival to comply with German regulations. It is advisable to learn basic German to facilitate daily life and increase internship and job opportunities. Indian students should also familiarize themselves with the German higher education system and cultural norms to ease adaptation. Regularly checking updates from the German embassy and Furtwangen University ensures compliance with latest requirements and deadlines.
International Tuition Fee
7500 EUR per year
Home/Local Tuition Fee
3500 EUR per year
* Fees are subject to change. Please verify with our counselors or the university website.
Approximately 6,75,000 INR per year for international tuition fees, depending on current exchange rates.
Tuition fees differ for international and local students, with international students paying approximately 7,500 EUR annually and local students around 3,500 EUR. Fees cover access to university facilities, course materials, and administrative services. Additional costs include semester contributions and living expenses, which should be budgeted accordingly.
Furtwangen University offers merit-based scholarships for outstanding international students, including partial tuition fee waivers. Scholarships are awarded based on academic excellence, motivation, and potential contributions to the university community. Applicants must submit a separate scholarship application along with supporting documents such as transcripts, recommendation letters, and a personal statement. The university also participates in external scholarship programs like DAAD and Erasmus+, providing additional funding opportunities. Early application increases chances of securing financial aid. Scholarships can significantly reduce tuition costs and sometimes cover living expenses. Students are encouraged to explore country-specific scholarships and government grants to support their studies in Germany.
International students, including those from India, require a student visa to study in Germany. The visa application process involves providing proof of university admission, financial resources, health insurance, and accommodation arrangements. Applicants must schedule an appointment at the German consulate or embassy in their home country and submit required documents, including a valid passport, visa application form, and biometric photos. Processing times vary, so early application is recommended. Students should also prepare for an interview if requested. After arrival in Germany, registration with local authorities and obtaining a residence permit are mandatory. Compliance with visa regulations ensures a smooth stay during the course duration.
Indian students require a student visa to pursue studies in Germany. The process involves submitting proof of university admission, financial means to cover living and study costs, health insurance, and accommodation details. Visa applicants must apply at the German embassy or consulate in India and complete biometric data submission. Processing can take several weeks, so early application is crucial. Once in Germany, students must register with local authorities and obtain a residence permit. Compliance with visa conditions is essential to maintain legal status throughout the study period.
After completing the International Economics program, graduates are eligible to apply for an 18-month post-study work visa in Germany. This allows them to seek employment related to their field of study without needing a job offer beforehand. The extension provides valuable time to gain professional experience, improve German language skills, and establish career networks. Graduates can transition to long-term residence permits or EU Blue Cards if they secure qualified employment. The post-study work opportunity significantly enhances career prospects in Germany and across Europe, making the program an attractive choice for international students.
"We highly recommend prospective students to thoroughly review the admission criteria and prepare all required documents well in advance. Enhancing English proficiency and gaining foundational knowledge in economics will improve academic success. Engaging in internships or relevant work experience before applying can strengthen applications. We advise Indian students to start the visa process early and secure health insurance promptly. Taking advantage of scholarship opportunities can substantially reduce financial burden. Additionally, investing time in learning basic German will enrich cultural experiences and broaden professional prospects. Furtwangen University's supportive environment and practical-oriented curriculum make this program an excellent choice for those aiming to excel in international economics."
No, prior work experience is not mandatory but can enhance your application.
Yes, international students can work up to 20 hours per week during the semester.
The International Economics Master's program typically lasts two years.
Yes, Furtwangen University offers merit-based scholarships and participates in external funding programs.
The program is taught in English; however, basic German knowledge is recommended for daily life.
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