Overview

Key facts

The MSc in Economics from WU (Vienna University of Economics and Business) provides students with a thorough understanding of economic theories and state-of-the art empirical methods, applying them to a broad range of policy and business topics.

The master's program is a two-year full-time program for students holding a bachelor's degree in economics or a related field. You can apply either for the Applied Track or the Science Track.

The Applied Track prepares students for careers in government, business or NGOs. It focuses on problem-solving skills and empirical data analysis. The Science Track is designed for students who would like to pursue a career in economic research. It puts strong emphasis on the mathematical and statistical foundations and on advanced economic theory and methods.

Career Prospects

A WU degree is a firmly established premium brand well-known among major national and international employers. As a graduate of the WU Economics Master's Program, you find a broad range of attractive career opportunities. Typically, graduates make a quick transition from university into jobs. About 85 percent hold a job within three months after graduation.

Programme Structure

Foundation of Economics

The Applied Track includes the following Courses:

Public Economics
Econometrics and Empirical Economic Research
Microeconomics
Macroeconomics
Microeconomic Models and Methods
Topics in Applied Microeconomics
Game Theory
Macroeconomics Models and Methods
Topics in Macroeconomic Theory and Policy
choose 2 out of 3: Economic Policy, Heterodox Economics, Business Analytics
Choose four areas of specialization out of twelve

The Science Track includes the following Courses:

Mathematics I and II
Probability and Statistics
Advanced Econometric Models and Methods
Advanced Microeconometrics
Advanced Macroeconometrics
Advanced Microeconomics I and II
Game Theory
Advanced Macroeconomics I and II

Choose three areas of specialization out of twelve

For both tracks:

Choose two Research and Policy Seminars accompanying a chosen area of specialization

Free elective related to economics
Master's Thesis and Master's Thesis Conference

Key information

Duration

Full-time
- 24 months

Start dates & application deadlines

Starting 2025-10-01 00:00:00
- Apply before 2025-03-08 00:00:00

Language

English

IELTS

7

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TOEFL^® IBT

100

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Credits

120 ECTS

Delivered

On Campus

Disciplines

Economics View 16 other Masters in Economics in Austria

Academic requirements

We are not aware of any specific GRE, GMAT or GPA grading score requirements for this programme.

English requirements

IELTS

7

Schedule an IELTS test!

TOEFL^® IBT

100

Pass IELTS with Swoosh English! Sign up for a free writing masterclass or claim your exclusive 25% Studyportals discount and accelerate your preparation by taking a course designed by experts to get you the results you need.

Student insurance

Make sure to cover your health, travel, and stay while studying abroad. Even global coverages can miss important items, so make sure your student insurance ticks all the following:

Additional medical costs (i.e. dental)
Repatriation, if something happens to you or your family
Liability
Home contents and baggage
Accidents
Legal aid

We partnered with Aon to provide you with the best affordable student insurance, for a carefree experience away from home.

Get your student insurance now

Starting from €0.53/day, free cancellation any time.

Remember, countries and universities may have specific insurance requirements. To learn more about how student insurance work at WU (Vienna University of Economics and Business) and/or in Austria, please visit Student Insurance Portal.

Other requirements

General requirements

The application takes place online. The specific selection procedures vary among programs. Applicants are selected based on comprehensive assessment procedures, e.g. interviews, assessment of documents by an expert jury.

WU’s master’s programs start only in the winter semester, please note the relevant application deadlines of the rolling admission.

Various specific requirements apply to each program, these must be demonstrated during the application process, as well as your aptitude for the program. Requirements include amongst others:

completion of a relevant degree program
examinations in relevant areas, e.g. Business, Economics, Mathematics
proof of aptitude, e.g. GMAT, letter of recommendation
excellent proficiency in English

Proof of your graduation is not required until admission, but the requirements have to be documented during the application process.

Find all the information and prerequisites for your program here: wu.at/applicationguide

Tuition Fee

To always see correct tuition fees

International

726 EUR/year

Tuition Fee

Based on the tuition of 726 EUR per year during 24 months.
National

363 EUR/year

Tuition Fee

Based on the tuition of 363 EUR per year during 24 months.

Living costs for Vienna

861 - 1331 EUR /month

Living costs

The living costs include the total expenses per month, covering accommodation, public transportation, utilities (electricity, internet), books and groceries.

Funding

Win a €10000 Scholarship! Deadline: 30 June 2020

Embark on your journey with the Studyportals Scholarship! We're giving away a total of 20,000 euros to help you achieve your dream of studying abroad.

Win a €10000 Scholarship! Deadline: 30 June 2020

Embark on your journey with the Studyportals Scholarship! We're giving away a total of 20,000 euros to help you achieve your dream of studying abroad.

In order for us to give you accurate scholarship information, we ask that you please confirm a few details and create an account with us.

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Scholarships Information

Below you will find Master's scholarship opportunities for Economics.

Available Scholarships

You are eligible to apply for these scholarships but a selection process will still be applied by the provider.

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