Last Updated on January 18, 2023
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Courses and examinations are held in English exclusively.Programme duration6 semestersBeginningWinter semesterMore information on beginning of studiesThe study programme begins with orientation and welcome sessions in the week leading up to the start of the semester.Application deadline
International applicants: 15 July for the following winter semesterTuition fees per semester in EURNoneJoint degree / double degree programmeNoDescription/content
Students seeking a first academic degree in the field of business and economic studies are welcome.
This programme is taught exclusively in English and provides preparation for career opportunities in the diverse fields of management, such as managerial communication, organisational behaviour, international management, human resource management, banking and finance, and economics.
Students will be introduced to the basics of economics, managerial theories, and business decision making. To complete the curriculum, students gain English language training on an academic level. Additionally, German as a foreign language is included in the programme for international students. Classes are very diverse, with roughly 80 students who come from approx. 40 countries from all around the world.
This Bachelor’s programme prepares graduates for managerial and entrepreneurial occupations within foreign or multinational companies, consultancy firms, banks and financial institutions, and international non-profit organisations. Additionally, graduates will be equipped to continue their academic careers in an economics and management Master’s programme.
The International Business and Economics programme consists of a sequence of required courses of economic and managerial nature and is highly theoretical and math-oriented.
The programme comprises two parts: compulsory modules and compulsory elective modules. Compulsory studies start from the first semester and go through the fourth semester. Modules offered: Micro- and Macroeconomics, Principles of Management, Financial Accounting, Statistics, Mathematical Methods, Marketing Performance Management, Financial Management, Game Theory, International Economics, Economic Policy, Introduction to Econometrics, Principles of International Management, Business Decision Analysis, English, and a second foreign language.
Students may specialise during their fifth and sixth semesters by choosing compulsory elective courses in international business or in international economics, including a project seminar. A written Bachelor’s thesis and a corresponding seminar that includes a presentation will round off the undergraduate study programme.
Students should expect a weekly workload of approx. 20 hours of classroom studies and at least 20 hours of independent, self-study. Forms of classroom instruction include lectures, tutorials, and seminars.
To assist students during the study programme, the faculty provides academic advisory service and a mentoring programme for IBE students.PDF DownloadTypes of assessment
For examinations, students have to expect written examinations, presentations, and academic papers. However, the type of examination varies by course and can be found in the appropriate module handbook which will be published shortly before the semester start.
Examinations take place at the end of each semester and registration is required at the beginning of each semester. A module with five credit points will be followed by a written examination of one hour.A Diploma supplement will be issuedYesInternational elements
- International guest lecturers
- Specialist literature in other languages
- Language training provided
- Training in intercultural skills
- International comparisons and thematic reference to the international context
- Content-related regional focus
There are no compulsory internship requirements. However, students are encouraged to complete an internship during the course of their studies. The faculty believes it is valuable to gain professional experience within German and international workplaces. Internships must be organised independently. Furthermore, the AIESEC and Leonardo Da Vinci organisations and the University Career Service Centre provide opportunities and assistance to both German and international students.Course-specific, integrated German language coursesYesCourse-specific, integrated English language coursesYes
Tuition fees per semester in EURNoneSemester contributionCurrently, the semester fee is approx. 128.50 EUR. It covers services offered by the “Studentenwerk” (student union) and the student representatives. Enrolled students receive a semester ticket for free use of public transport, student discounts in the campus cafeteria, etc.Costs of livingA minimum of 853 EUR per month must be budgeted for accommodation, cost of living, health insurance, books, and miscellaneous expenses. In comparison with many other towns and cities, the rental prices in Magdeburg are relatively low. There are no tuition fees for the majority of programmes, and the semester fee already includes the cost of bus and tram travel within Magdeburg. The following link provides a fair picture of the cost of living in Magdeburg: https://www.ovgu.de/unimagdeburg/en/Study/Organization+of+the+Stay/Finance-p-48630.htmlFunding opportunities within the universityNo