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Economics

Masterstudium

mit Zugangsbeschränkung

Letztes Update: 24.05.2019
Bereich: Volkswirtschaftslehre 18
Umfang 4 Semester / 120 ECTS
Studienplätze: 90 / Jahr
Sprache:
Englisch
Abschluss: Master of Science (WU) / MSc (WU)
Studientyp:
Präsenzstudium
Anwesenheit:
Vollzeit
Kosten: prinzipiell keine Studiengebühr
Website: https://www.wu.ac.at/stud...

Über das Studium:

Total enrolment: Applied Track 50 to 60 students, Science Track 20 to 30 students

MSc Economics is an internationally oriented, two-year Master's program taught in English. You can choose between an Applied Track and a Science Track, select your favourite areas of specialization and study for a semester at a renowned international partner university. The program 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.

Studieninhalt

One Program, Two Tracks:

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 economic policy, society, and business. The Science Track is tailored to the needs of students pursuing a career in scientific research.

Opportunities and Choice:

Our students care most about the big economic questions such as poverty, inequality, sustainable growth, globalisation, or economic freedom. The program caters to these interests by offering 11 areas of specialisation. Students can choose from such a broad range of subjects because WU is one of the biggest universities for economic education in Europe.

A Global Network of Renowned Partner Universities

WU has a strong network of international partner universities whose course offerings are flexibly integrated into our curriculum. The WU Economics Master's Program allows you to study (almost) any area you are interested in at some of the internationally most renowned academic institutions.

A Quality Degree with a Sterling Reputation in the Job Market

For many decades WU alumni have been taking top positions in business, government, and society. Hence employers in Europe and beyond appreciate the value of a WU degree. Our graduates pursue a broad range of careers as they have acquired the skills necessary to master many challenging tasks.

A Science Track for Aspiring Young Researchers

The Science Track at WU equips students with the necessary theoretical and methodological knowledge to pursue a career in scientific research. Internationally publishing professors closely interact with a small group of students to develop their skills. As a graduate you may take a research position, apply for a challenging international PhD program or use the fast-track option into the selective Economics Ph.D. Program at WU.

Experiencing Economics Beyond Academics in Vienna

Vienna is the capital of Austria and one of the biggest cities in the European Union. You find plenty of opportunities to get involved into economics as there are many international organizations, headquarters of international companies, Austrian governmental institutions, research institutes, think tanks, NGOs etc. Even the current head of state is an economist who has published in Econometrica.

Leading in Research

The WU Department of Economics has consistently belonged to the top group of economic research institutions covered by the Handelsblattranking, the most authoritative research ranking for Switzerland, Germany, and Austria. In the most recent survey the WU Department of Economics was ranked number two in Austria (head-to-head with the University of Vienna).

Studienaufbau:

The Economics Master's Program at WU offers an Applied Track and a Science Track. The majority of students choose the Applied Track as they prepare for careers in government, business or society. The Science Track is designed for students pursuing a career in scientific research. A major feature of the program is the application of rigorous quantitative analysis emphasizing data to a broad range of policy and business issues.

Applied Track: The Applied Track focuses on problem-solving skills based upon a thorough understanding of economic theories and methods. It covers a broad range of economic policy and business issues. In the second year students have ample choice to individualize their studies. See Curriculum Applied Track

Science Track: The Science Track puts a strong emphasis on mathematical and statistical foundations and on analytically rigorous advanced courses in economic theory and methods. For highly qualified students the Science Track offers a fast-track option into the Economics Ph.D. program at WU.See Curriculum Science Track

In the first half of the first semester there is an introductory phase jointly taught for both tracks which students have to pass to continue their studies. Thereafter separate mandatory courses are offered for the two tracks.

The areas of specialisation offered in the Economics Master's Program cover a broad range of economic topics and analytical approaches. The courses are closely related to the research conducted at the WU Department of Economics.

Students of the Applied Track choose four areas of specialisation, students of the Research Track choose three. Any of the eleven subjects below can be freely selected. If students decide to go for a semester abroad, they can design their own area of specialisation from the big number of field courses offered at international partner universities.

For each area of specialisation there exists a corresponding Research & Policy Seminar. Students work in small groups to develop their own research projects, closely interacting with instructors.

Microeconomics, Competition and Regulation

  • Industrial Economics
  • Regulatory Economics
  • Behavioral and Experimental Economics

International Economics, Money and Finance

  • International Economics
  • Money, Credit and Finance
  • Economic Development
  • Spatial Economics

Labor Markets, Inequality, Economic and Social Policy

  • Labour and Organisational Economics
  • Economics of Distribution
  • Public Sector Economics
  • Economic and Social Policy

Berufsaussichten / Jobs:

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.

50%: Private Sector
About half of our graduates work in the private sector. Finance, consulting, and multinational enterprises are some of the most important employers.

25%: Public Sector, International Organizations, NGOs
A quarter of graduates work in areas closely related to economic policy such as ministries, regulatory authorities, central banks, regional governments, international organizations, NGOs,...

25%: Scientific Research
About a quarter of graduates pursue a career in scientific research, working at academic institutions, think tanks, applied research organisations,...

Career Examples

The following recent career examples are mostly taken from our LinkedIn Group "WU Master Economics" which provides a career network for alumni and current students.                                                                 

Economic Policy

  • Parliamentary Assistant, Council of the European Union

  • Parliamentary Assistant, Austrian Parliament

  • Trainee at Deutsche Bundesbank

  • Junior Economist, World Bank, Washington

  • Analyst, European Bank for Reconstruction and Development (EBRD)

  • Economist, Economics and Statistics, Austrian Chamber of Labour, AK Vienna

  • Junior Economist, Austrian National Bank (OeNB)

  • Policy Analyst, Austrian Economic Chambers (WKO)

  • Economist, Federal Ministry of Science, Research and Economy, Austria

  • Analyst, Austrian Research Promotion Agency (FFG)

  • CFO at NGO working for refugees

Research and PhD Programs

  • PhD program, Economics, Cambridge University

  • PhD program, Economic History, London School of Economics

  • PhD program, Department of Government, Harvard University

  • PhD program, WU Vienna

  • Assistant Professor, Department of Economics, WU Vienna

  • Assistant Professor, Department of Marketing, WU Vienna

  • Teaching and Research Associate, Department of Global Business and Trade, WU Vienna

  • Research Associate and PhD Student, Institute for Ecological Economics, WU Vienna

  • Research Assistant, Swiss Institute for Empirical Economic Research (University of St. Gallen)

  • Scientific Researcher, ZEW Mannheim

  • Junior Economist and Doctoral Student, Ifo-Institue, Munich

  • Junior Researcher, Institute for Advanced Studies, Vienna

  • Research Staff Member, Austrian Institute of Economic Research (WIFO)

  • Staff Economist, Vienna Institute for International Economic Studies (WIIW)

  • Junior Economist, IWI Vienna

Private Sector

  • Financial Analyst, Credit Suisse

  • Asset Manager, Deutsche Bank

  • Senior Behavioral Scientist, American International Group

  • Business Analyst, State Street Bank

  • Economist, Macquarie Group, London

  • Business Analyst, Raiffeisenbank International

  • Risk Analyst, Raiffeisen Landesbank Oberöstereich

  • IT Consultant: Data Analysis

  • Founder of a Travel Magazine

  • Energy Manager at Austrian Power Grid

  • Risk Consulting, KPMG

  • Financial Services Consulting, PwC

  • Business Analyst, Wolters Kluwer - Financial Services Solutions

  • Public Information Consultant

  • Startup Analyst

  • Journalist, daily newspaper "Der Standard"

  • Researcher, SportsEconAustria

Einstiegsvoraussetzungen:

In order to apply for the MSc Economics you have to fulfil the following requirements and prove your aptitude for the program. In case one or more of the required proofs are missing, your application has to be rejected.    

  • Relevant Bachelor's program in economics or other equivalent degree program (worth at least 180 ECTS credits). The Bachelor’s Program in Business, Economics and Social Sciences with a major in economics and socioeconomics at Vienna University of Economics and Business is considered relevant.    

  • If you apply with an equivalent degree, you need to document the successful completion of courses in the following areas: 25 ECTS credits in Economics and 8 ECTS credits in Mathematics/Statistics/Econometrics/Quantitative Methods.    

  • Proficiency in English: TOEFL 100, IELTS 7.0, TOEIC 800, CAE, CPE, BEC, UNIcert III or Language Certificate at C1-Level from the Language Center of a University. Alternatively, you can prove that you have completed an English Bachelor's program or 2-year Master's program or that English is your native language. Graduates of WU’s Bachelor program in Business, Economics and Social Sciences as well as of WU's Bachelor’s Program in Business Law already fulfil this requirement.

Your application package should also include a letter of motivation and a CV. Students wishing to attend the Science Track should submit an extended abstract of their already completed Bachelor's Thesis or an exposé if the Thesis is still work in progress (800 words maximum, the list of references of the Thesis should also be appended).

In your application you must indicate whether you want to attend the Applied Track or the Research Track. Students preferring the Science Track, but qualifying rather for the Applied Track automatically get considered for the Applied Track in the Selection Process.

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