Master of Science in Quantitative Decision Making in Economics and Management (QDEM)

Johannes Gutenberg Universitat Mainz · Mainz, Germany

Level
Master's
Award
Master of Science
Language
English
Duration
4 semesters
Study mode
Full-time
Campus
Mainz
Apply by
Register by 15 May 2027
Starts
Winter semester

Johannes Gutenberg Universitat Mainz does not publish a fee for this programme on its own. Its published rate for master's programmes is €0 – €2,200 a year for international students.

Entry requirements and how to apply

Entry requirements
A Bachelor’s degree is required, consisting of six standard semesters of study. Candidates should have completed a minimum of 18 ECTS credits in management or economics, along with 19 ECTS credits in mathematics, statistics, econometrics, or quantitative empirical methods. If the degree has not been completed yet, applicants can still be considered for admission if they have obtained at least 135 ECTS credits in a Bachelor's programme designed for six semesters, awarding a total of 180 ECTS credits as per the European credit point system at the time of application. Online entrance test: Comprised of a 90-minute-long multiple choice test, to assess students understanding of the foundational topics of the programme: mathematics (analysis, linear algebra, stochastic) statistics (descriptive statistics, estimation and hypothesis testing) microeconomics (basic concepts, game theory and information economics) basic knowledge of computer science (simple algorithms) The content is typically covered in obligatory modules of a Bachelor’s degree in economics and management. You can find more information about the test and sample questions on our website and here .
English language requirement
B2 required, please provide an official language certificate, e.g.: TOEFL iBT (before 2026): 72 Reading: 18 Listening: 17 Speaking: 20 Writing: 17 telc English: telc English B2 IELTS Academic: 5.5 Cambridge English Qualifications: B2 First
German language requirement
No minimum language level required
Application period
The following is valid for applicants from: all countries For the winter semester: 1 April - 15 May
Apply through
Please check this website .

About this programme

The degree programme in “Quantitative Decision Making in Economics and Management” covers three subject fields that are complementary to each other. These are Econometric Methods , which includes statistical and econometrical methods of data analysis, operations research, data science, machine learning and data science, and Economic Behaviour & Strategy , which encompasses the scientific foundations of psychological, social and behavioural strategical interactions, economic decision-making and game theory. Through the combination of these course contents, students will be qualified to analyse and solve individual, social, and corporate strategic decision-making problems by employing a data-based approach and by utilising different analytic methods. During the programme, students acquire a solid overview of the three subject fields (econometric methods, management science & business intelligence, and economic behaviour & strategy) in the core modules. Through the elective modules in the subsequent specialisation phase, students obtain a deep theoretical and methodological understanding as well as practical skills, which qualifies them to employ relevant methods and to provide a critical interpretation of their results in a wide spectrum of decision-making situations. Students will be able to work in groups and elaborate on different problem-solving approaches. In addition, they will have the capability of presenting the knowledge obtained to a wide variety of audiences, such a

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