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Master in Economics and Finance

Degree awarded
Master of Science (M.Sc.)

Rhine-Waal University of Applied Sciences, Marie-Curie-Straße 1, D-47533 Kleve, Germany

E-mail address

Type of course

Language of tuition

Length of course
3 semesters of full-time studies

Date of commencement
Annually in the winter semester (September) and summer semester (March)

Application deadline
15th of January for the following summer semester, 15th of July for the following winter semester

Class size
25 students (average)

Cost / fees
No tuition fees!
Semester fees of around 320€ (The majority of cost goes towards the Semester Ticket, which is a public transportation pass valid for most bus and train lines running in North Rhine-Westphalia)

There are Student Halls of Residence available in Kleve, which are run by Student Service Düsseldorf (Studierendenwerk Düsseldorf).

Besides these, there is also a wide variety of private accommodation available. Many students live in communal flats with other students.

Student profile
1. Ratio of National / International students - Roughly 15% National/ 20% European/ 65% Non-European
2. Ratio of Men / Women - Roughly 58% men/ 42% women

Admission requirements

Programme Director
Prof. Dr. Hasan Alkas

Contact details for application
Dr. Carina Goldbach

Rhine-Waal University of Applied Sciences

Economics and Finance, M.Sc.

The Economics and Finance master’s programme is a consecutive course of studies which expands upon your undergraduate foundation of economics and finance studies. It is designed to consolidate your existing expertise and enhance your knowledge with advanced specialist qualifications in these fields.

The programme will impart to you cutting-edge methods, applications and models found in economics, corporate finance, and the analysis of international financial markets.

Through experiments in game theory, behavioral economics and finance, as well as empirical market analysis, you will develop and learn how to employ a sophisticated research methodology. The curriculum explores not only financial issues, but also important economy-wide phenomena.

The general aim is to enable students to make the linkages between several economic theories and the decision-making process. You will examine, among other things, the factors that impact competition among firms on the financial and overall goods markets.

The curriculum highlights the complex relationships between governments, businesses and consumers while maintaining a value-oriented and ethics-based approach.

Upon completion of your studies, you will be able to effectively evaluate economic issues in industrial and financial markets on both the national and international scale. The master’s degree programme is taught entirely in English, allowing you to gain fluency and confidence in the advanced terminology and nomenclature within your field of study. This added dimension to your academic and professional profile will help you stand out as a candidate who is an internationally oriented expert in economics and finance.

Career Paths and Skills

As a graduate of the Economics and Finance master’s programme, you will possess well-founded expertise in the methodology, analysis, applications and models grounded in the field of economics and finance. Your interdisciplinary experience will prepare you for employment in a wide range of career paths. Potential areas of employment for graduates are:
  • Regulatory bodies or departments
  • Business consultancy firms
  • Expert commissions
  • Policy or research think tanks
  • Financial departments
  • Investment and commercial banking
  • National and international public institutions
Graduates are also qualified to pursue further specialization as applied researchers and are eligible for related PhD programmes in Germany and abroad.

To be eligible for our program, applicants are required to hold a Bachelor’s degree in
a. economics or business sciences;
b. business mathematics;
c. industrial engineering;
d. business informatics; or
e. business psychology.
In addition, the Examination Board can also verify the relevancy of an undergraduate degree in political science or the social sciences or that was interdisciplinary if it has a demonstrable economic or business focus. The legally valid assessment of international applicants’ diplomas is done by Uni-Assist.

A further prerequisite for our study program is a valid proof of English language proficiency of B2 level according to the CEFR (accepted tests are TOEFL or IELTS) and a cumGPA (Bachelor’s degree) of 2,5. All foreign applicants have to provide us with a TOEFL or IELTS. The language certificate must be valid at the date of application. A proficiency letter will not be accepted. If you meet these criteria you are eligible to apply

For more detailed information please refer to our website:

Application requirements
Application process
Semester fees

The study schedule with the module descriptions is available for download on our program website (right column at the bottom).

We are looking forward to meet you at our modern campus in Kleve, Germany!

About Rhine-Waal University of Applied Sciences

Rhine-Waal University of Applied Sciences, with its two campus locations in Kleve and Kamp-Lintfort, is a university that is both deeply rooted in the Lower Rhine and connected to the world. Our some 7,300 students, who represent altogether more than 120 different nationalities, breathe life into our state of the art classrooms and lecture halls, our libraries, language courses, canteens and residence halls.

We currently offer 25 bachelor’s and eleven master’s degree programmes in fields spanning the scientific spectrum, including engineering, technology, economics as well as social, natural and health sciences. Our multidisciplinary curricula combine a solid scientific and methodological education with frequent opportunities to put theory into practice in practical projects, labs and exercises designed to prepare students for their future careers.

With the help of our partners in industry, we provide many more opportunities for students to acquire valuable work experience and qualifications before graduation. Our flexible modes of study – full-time, part-time or dual-vocational – provide opportunities to earn a bachelor’s or master’s degree for diverse groups of people. Moreover, with around 75% of our degree programmes taught in English, we draw students from Germany, Europe and around the world. The result is a university ingrained with an international campus culture and a vibrant, intercultural exchange of ideas, experience and knowledge.

As a young, dynamic institution of higher learning, Rhine-Waal University of Applied Sciences is driven by interdisciplinary applied research. We steadfastly pursue a meaningful transfer of knowledge and experience in both teaching and research through close cooperation with industry in Germany and abroad, from small and medium sized enterprises to large multinational corporations. Our close ties to business, research and academic institutions generate opportunities for our researchers in joint R&D projects, and for our students in the form of practical projects, internships and thesis topics.