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Quantitative Economics MS at LMU-All you need to know

by | LUM, Masters

Quantitative Economics MS at LMU-All you need to know

by | Jul 15, 2024 | LUM, Masters

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Overview

The M.Sc. in Quantitative Economics at Ludwig Maximilian University is a comprehensive program designed for students aiming to specialize in the quantitative analysis of economic phenomena. The curriculum combines rigorous training in economic theory with extensive education in quantitative methods, such as econometrics, mathematical economics, and computational techniques.

This program emphasizes applying these methods to real-world economic problems, including policy analysis, financial market predictions, and economic forecasting. Students develop a deep understanding of economic theories while acquiring practical skills in data analysis and model building. The course prepares graduates for careers in economic research, policy advising, financial analysis, and academia. It is an excellent choice for those looking to blend theoretical economics with practical quantitative skills.

 

Course Details

University LMU – Ludwig-Maximilians-Universität München
Program Name Quantitative Economics
Degree M.Sc. (Master of Science)
Subjects Economics, Quantitative Economics
Language English
Study Mode On campus
Application Deadlines Winter semester: 15 Mar
Duration 2 Years (starting: Winter semester)
Tuition Fees Free
Qualification Requirements Bachelor’s degree in economics, GRE test score
Language Requirements CEFR English min C1, IELTS min 7, TOEFL iBT min 95
Application Procedure Directly at the University
Application Fee None

 

Admission Documents

    1. Academic Qualifications:
    • Bachelor’s degree certificate with grades and grading scale.
    • Course summaries or transcripts.
    • Non-English/German documents need official translation.
    1. For Ongoing Bachelor’s Students:
    • Transcript of current results, including an average grade.
    • Minimum 75% of bachelor’s requirements completed.
    1. GRE Scores: Upload GRE results or use ETS code 1883. If late, take LMU Munich admission test with 2 weeks’ notice.
    2. English Proficiency
    3. Motivation Letter:2,000-3,000-character letter in English explaining your goals.
    4. CV: Upload your English CV.
    5. Academic References:Provide two professor contacts for recommendation letters.

    Important Notes:

    • Adhere to application deadline.
    • Submit via the online tool.
    • Incomplete applications not processed.
    • Reapplication is allowed if rejected.
    • Rejection doesn’t affect Master of Economics application.

Career opportunities

  1. Economic Analysis: Graduates can work as economic analysts, using quantitative skills to analyze economic trends, forecast future economic conditions, and provide data-driven insights to governments, financial institutions, and businesses.
  2. Financial Sector: Many opportunities exist in the financial sector, including roles in investment banking, asset management, risk analysis, and financial modeling. Quantitative economists are highly sought after for their ability to assess and mitigate financial risks.
  3. Policy Analysis: Graduates can pursue careers in public policy analysis, working with government agencies, think tanks, and research organizations to develop and assess economic policies and their impact on society.
  4. Data Science and Analytics: With strong quantitative and statistical skills, M.Sc. graduates can work in data science and analytics roles, particularly in industries where data-driven decision-making is crucial, such as healthcare, marketing, and technology.
  5. Academia and Research: For those interested in academia and research, this degree can serve as a stepping stone to pursue a Ph.D. in economics and eventually become professors or researchers at universities and research institutions.

 

 

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