Brief Description

Degree: Master of Science (MSc)
Degree Programme Code: 066 953
Duration: 4 Semesters/120 ECTS
Limited Places: Yes
Study Language: English

Goals

This programme, offered jointly by the Departments of Economics and Finance, provides the methodological basis necessary to carry out theoretical and empirical research in economics and finance. This includes the development of new and more advanced methodologies and analytical approaches. Accordingly, the programme places great emphasis on the foundations of both theory and empirics in the two fields. After a joint first semester, students choose to specialise in economics or finance. The programme can be thought of as the first two years of an American-style PhD program, prior to the phase of thesis writing.

Career Opportunities

Students will acquire an excellent foundation for PhD education in Economics and Finance, and a career in research institutions and international organisations.

Programme

All legal provisions and a detailed description of the structure can be found in the curriculum.

Semester 1 (winter semester) - (30 ECTS)

        - Introductory Econometrics
        - Macroeconomics for Economics and Finance
        - Microeconomics for Economics and Finance

Semester 2  (summer semester) - (30 ECTS)

        - Game Theory
        - Econometrics II

Economics Specialisation:

        - Advanced Macroeconomics
        - Elective Courses
        
Finance Specialisation:

        - Advanced Finance
        - Elective Courses  

Semester 3 (winter semester) - (30 ECTS)

Economics Specialisation:

        - Seminar in Economics
        - Elective Courses

Finance Specialisation:

        - Seminar in Finance
        - Elective Courses

Semester 4 (summer semester) - (30 ECTS)

Economics Specialisation:

        - Elective Courses
        - MA Seminar
        - MA Thesis

Finance Specialisation:

        - Elective Courses 
        - MA Seminar
        - MA Thesis

Requirements

Research in Economics and Finance is aimed at students who have already completed a bachelor's or diploma programme in related fields.

University of Vienna's Bachelor graduates in Economics qualify automatically. University of Vienna's Bachelor graduates in Business with minors in "Finance" or "Economic Statistics" qualify provided they have taken certain courses specified in the curriculum. 

Graduates from bachelor or diploma programs with a quantitative orientation (e.g., engineering, mathematics, physics) qualify provided they have a minimum background equivalent to 6 ECTS in each of the following areas: Macroeconomics, Microeconomics.

 How to Apply

Applications for entry in the academic year 2023/24 are accepted from March 1 to April 17, 2023. If documents are missing or incomplete, you may be asked to complete the application up to four weeks after the deadline.

The number of admitted students per academic year is limited. Admission follows a competitive selection procedure.

Prospective students must apply for admission to u:space within the application deadline in order to be registered for the admission procedure. The application is also possible without a degree certificate. It can be uploaded in u:space until the end of the admission period. But please be aware: the later the admission to the study program, the more stressful the start of the study program will be. Registration for courses is only possible after the admission procedure has been completed.

We evaluate applications based on:

a) suitability of prior education as preparation for the course

b) academic merit, as indicated by the results obtained in university education to date          

c) quantitative skills, as indicated by your GRE score (not older than two years)

d) motivation and fit for the programme, as shown in the statement of purpose

You will need to provide:

• Your bachelor certificate and transcripts. (In case you have not completed your bachelor studies at the time of application, please include a formal letter issued by your current institution confirming you have obtained 150 ECTS and that you will receive your bachelor degree by September 30, 2021.)
• A sworn translation of the above-mentioned documents if not in English or German and the required legalisation for the issuing country of the above mentioned documents.  
• Your curriculum vitae.
• A statement of purpose (maximum 1,000 words) explaining (i) why you want to participate in this programme and (ii) discussing an economic question you would like to study in your MA thesis.  
• Your score in the GRE Revised General Test (not older than two years)
• Proof of English knowledge at or above level B2 (Common European Framework of Reference for Languages) more information 

Please follow this   L I N K   to submit your application and obtain information about the corresponding formal requirements.