Study Economics with Scholarship in Germany: Get Monthly 934€

» Last updated on September 6th, 2024 at 11:01 pm

If you plan to Study Economics with Scholarship in Germany, this post is for you. Here we will let you know what type of qualifications you need to have to get a scholarship to study Economics in Germany.

Also, we will let you know what would be your monthly stipend if you get that scholarship. On the other hand, what type of academic qualifications do you have and what type of documents do you need to prepare to apply for this scholarship in Germany?

So, without further ado, let’s get started. To understand the requirements and so on please keep reading this post till the end.

Scholarship in Germany to Study Development Economics

This scholarship is for studying master’s in Germany in Development Economics at the Georg-August-Universität Göttingen.

Their master’s program is an extensive course focused solely on the study of development issues. During the program, you will gain a comprehensive understanding of the economic, political, and social aspects of development.

Additionally, you will learn to approach complex problems from multiple perspectives and analyze them critically. The program attracts individuals from diverse backgrounds and regions, providing a wide array of courses and opportunities for an exchange semester or fieldwork abroad, which can greatly expand your horizons.

Their students have the option to specialize in either quantitative economics or agricultural economics. This program equips you to conduct your own field research and pursue roles in government agencies, development organizations, and the private sector.

Application and Admission Procedures of the Scholarship

In this section, you will learn the application and admission process for the Master of Science in Development Economics. That’s why please read the following information carefully, as we provide step-by-step guidance.

Also, please understand that the university is unable to accept incomplete applications or applications that are not submitted by the stipulated deadline. On the other hand, the application process requires the submission of several key documents.

Scholarship Application Deadline

As a DAAD EPOS scholarship recipient, you are required to begin the program in the winter term (October) each year. Applications are accepted only from October 1st to November 15th of the preceding year. To apply for the Scholarship in Germany to Study Development Economics, you need to be careful.

The Master’s program accepts applications during the designated application period for the winter semester:

• The application window for citizens from the EU/EEA (European Economic Area) or applicants with a bachelor’s degree from an EU/EEA country for the winter semester is from April 1st to May 15th of the same calendar year.
• The application window for citizens from non-EU/non-EEA countries and those with a bachelor’s degree from outside the EU/EEA for the winter semester is from October 1st to November 15th of the previous calendar year.

Study Economics with Scholarship in Germany Application Process

The application process for the Master’s program in Development Economics will be entirely digital. If requested, you will be required to submit original documents subsequently. The application process consists of four steps:

1. Online Application Form: During the application period, fill in the online application form for the Master’s program in Development Economics and submit it by clicking the send button at the end of the form.
2. Document Upload Portal: After submitting the online application, you will receive an email with a link to our document upload portal. This email will also contain your login details (username and password) for the upload portal, a summary of your data from the online application, and a checklist of the required application documents.
3. Upload Documents: Access the upload portal using the provided username and password, and follow the instructions to upload your application documents.
4. Application Review: Once the selection procedure is complete, you will receive an email notification regarding the outcome of your application. This can take up to six weeks after the application deadline.

Ensure your application materials are complete before clicking on “Binding Submission” in the upload portal. Incomplete applications or those submitted after the deadline will not be considered.

For any further questions, please contact the Student Advisory Service of the Faculty of Business and Economics. Their study advisors are ready to assist you.

Required Application Documents for the Scholarship

For the purpose of the application, you have to submit some documents. Let’s check what type of documents you need to submit to Study Economics with Scholarship in Germany.

1. Online Application Form:
   • Fill out the form and send it.
2. University Degree Certificate:
   • This proves you finished your studies and shows the credits you earned.
   • Usually, it includes your degree certificate and transcript of records.
3. Transcript of Records:
   • If your degree certificate doesn’t list all courses, upload a transcript of the records.
   This shows all your passed courses, credits, and maybe your average grade. If not in German or English, get it translated officially.
   • The degree certificate and transcript need an electronic verification key/code or a notarized copy with an official stamp and signature. We need to see you’ve taken enough courses in economics and quantitative methods. Include your bachelor’s thesis if it’s relevant.
   Courses Completed Abroad:
   • If not in German or English
4. Resume/CV:
   • Write it in English.
   • Include your academic, professional, and other experiences like volunteering.
5. Letter of Motivation:
   • Write why you are interested in the development field and this master’s program.
6. APS Certification:
   • Needed for applicants from China, India, Mongolia, and Vietnam.
7. Official Course Descriptions:
   • Provide documents that describe the content of courses you completed.
   • Include your bachelor’s thesis if it’s relevant.
   • If not in English, add a translation.
   • If your university doesn’t provide descriptions, write them yourself.
   • Describe what you learned and the form of exam taken for each course.
8. All Application Documents Required by the DAAD:
   • The DAAD needs extra documents besides the ones listed above.

Study Economics with Scholarship in Germany: English Language Proficiency

Verification of English Language Proficiency:

• You need to prove you can speak English.
• Ways to prove this:
  • Native speaker.
  • Education at an English-speaking school.
  • Degree program taught entirely in English.
  • Studied or worked in an English-speaking country for at least two years in the last five years.
  • Passed a business language course at level C1.
  • Got at least 180 points on the Cambridge English Scale.
  • Scored at least 7.0 in IELTS Academic.
  • Scored at least 95 in TOEFL iBT.
  • Scored at least 76 on the Global Scale of English (Pearson Academic).
  • Got at least level III of the UNIcert certificate.
  • Passed certain certificates at the C1 level from specific countries.
• Tests must be less than three years old at the application time.
• No other certificate is accepted.
• Hand in certificates by the DAAD-EPOS application deadline.
• Until November 15, 2021, you can use “TOEFL iBT Special Home Edition” and “IELTS Indicator” certificates.
• Minimum requirements for “TOEFL iBT” and “IELTS” certificates must be met.
• You can upload a copy of the test during the application process.

Scholarship in Germany to Study Development Economics: Application Deadline

The application deadline for the Scholarship in Germany to Study Development Economics is very important.

Application period for DAAD program scholarship applicants: Oct 1 – Nov 15 2024 for winter term 2025/26.

Application period for applicants with own/other funding:

• Citizens from non-EU/non-EEA (European Economic Area) countries AND a bachelor’s degree from outside an EU/EEA country: Oct 1 – Nov 15 2024 for winter term 2025/2026
• Citizens from the EU/EEA (European Economic Area) OR applicants with a bachelor’s degree from an EU/EEA country: Apr 1 – May 15 2025 for winter term 2025/2026

Value of the Scholarship

• Depending on academic level, monthly payments of 934€
• Payments toward health, accident, and personal liability insurance cover
• Travel allowance, unless these expenses are covered by the home country or another source of funding

Under certain circumstances, scholarship holders may receive the following additional benefits:

• Monthly rent subsidy
• Monthly allowance for accompanying members of the family

Duration of the funding

• 4 Semester

Study Economics with Scholarship in Germany: Entry Requirements

There are certain entry requirements to Study Economics with Scholarship in Germany. Your bachelor’s degree (or comparable) in economics or a closely related field with at least one-third of the overall subjects of the program taken in strictly economic courses (business administration courses do not
satisfy this requirement!). Besides that, you need to fulfill these requirements as well.

• An equivalent of at least 12 ECTS (or 7% of overall course units, typically at least 2-3 courses) in mathematics or statistics.
• Verification of English language proficiency at the level of TOEFL ibT 95 points or IELTS 7.0. Other equivalent certificates as listed on their website. Students who have completed their undergraduate degree exclusively in English are exempt from this requirement (upon verification).
• Demonstrated interest and experience in development economics issues.

Degree Awarded

Your degree will be an MSc in Development Economics.

Prospects of Study Economics with Scholarship in Germany

The degree in Development Studies will open up excellent career perspectives in a wide array of fields. You can work for governments and aid agencies on development issues, and join international organizations like the World Bank, UN agencies (such as ILO, FAO, UNIDO, UNDP, UNICEF, and UNESCO), OECD, EU, or regional development banks.

Additionally, policy research institutions and national and international development policy think tanks also offer significant opportunities. Furthermore, you can work in international business roles within multinational companies. Finally, this degree provides excellent Ph.D. opportunities in Göttingen or other national and international programs.

Where Will You Study?

Georg-August-Universität Göttingen. Göttingen is a city in Lower Saxony state in Germany. Since its foundation in 1737, the Georg-August-University has shaped life in Göttingen – the city lives from science and for science.

Approximately one-fourth of the population of 120,000 are students, enjoying the international flair and cultural diversity of this youthful, tradition-rich city located in the middle of Germany. The MSc Development Economics program benefits from the long-standing research and teaching experience of two faculties deeply committed to development issues.

In the Faculty of Business and Economics, six professors focus on development economics. Meanwhile, in the Department of Agricultural Economics and Rural Development, another five professors work on development issues. Together, they constitute the largest and most internationally visible concentration of development researchers in Germany.

Who can apply?

Graduates with at least two years of professional experience from the following countries:

Focus of the Development Economics Study Course

Certainly, understanding economic development is one of the key challenges of our lifetime. Because we live in a world of tremendous inequality in the distribution of income and wealth. Many people live in extreme poverty, face poor health, and lack sufficient educational opportunities.

Yet, recent decades have shown that economic development and poverty reduction are possible. The fields of Development Economics, Quantitative Economics, and Agricultural Economics play crucial roles in addressing these challenges.

Generally, these disciplines will help analyze the root causes of inequality and devise strategies to improve living conditions worldwide.

Conclusion

In conclusion, I would like to say that, if you wanna Study Economics with Scholarship in Germany, this could be a unique opportunity for you. Because studying with a scholarship in Germany can save tons of money every year.

On the one hand, you don’t need any blocked accounts. On the other hand, you will get a monthly stipend to bear your monthly expenses in Germany!