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Master's Degree in Economics

The Master’s degree program in Economics offers an advanced academic education in the field of Economics. Graduates of the program are educated for academically oriented professions and can also qualify for admission to the PhD in Economics program.

The Master’s degree program is aimed at applicants who wish to pursue challenging professions at national and international institutions in economic policy and economic research, work at private companies, work in public administration, or pursue a career in academia and research.

Students will learn advanced modern methods of economic theory and empirical economic research. Student can select courses in accordance to their interests and specialize in a variety of economic topics including international trade and commerce, job market and labor economics, industrial economics or economics in the public sector. Courses will be held mainly in English and will enable students to acquire active and passive language skills on a professional and multidisciplinary level.

Students who have successfully completed an undergraduate degree program in Business with a major in Economics can pursue their intended career goals and broaden their knowledge of economics by selecting specialized courses from other fields of business studies. First-year students in the Master’s degree program in Economics who did not specialized in Economics during their undergraduate studies in business must enroll in the course "Principles in Economics and Management" to cover base knowledge in methods of economic theory and empiricism in the Master’s degree program.

Graduates of the Master’s degree program in Economics:

  • Possess an excellent command in the field of economics and develop the ability to quickly adapt to new tasks and work independently.
  • Are able to professionally apply acquired expertise to solve problems in a particular subject area.
  • Are capable of successfully implementing acquired methods of research and critically analyzing as well as further develop these methods.
  • Have acquired a professional and social skill set aimed at pursuing positions at a management level.

Career Prospects

  • Employment at analytical departments within financial institutions and international conglomerates
  • Conduct scientific analysis for EU, OECD, UNO committees and/or other similar organizations
  • Conduct research for the Austrian National Bank or the European Central Bank
  • Conduct economic research at institutes of higher learning, the Austrian Institute of Economic Research or other similar institutions
  • Pursue a career in academia at a university or university of applied sciences
  • Political-economic consultant (budget, environmental policy, ...)
  • Consultant at state and federal administrative offices (city planning, finance, ...)

Academic Degree Program / Length

Academic Degree Program: Master’s Degree in Economics
Degree Awarded: Master of Science (MSc oder MSc (JKU))
Program Length: 4 semesters