The entrance requirements for the master’s degree program in Quantitative Decision Making in Economics and Management are:

• A completed bachelor’s or an equivalent degree
• The following academic achievements and examinations:
  • 19 credit points in quantitative methodological content (mathematics, statistics, econometrics, quantitative empirical research)
  • 18 credit points in management and economics
• A further entrance requirement for the master’s program is proof of English language proficiency at the B2 level or above.
• The successful completion of a subject-specific aptitude test

If you have not yet received your bachelor’s degree certificate by the application deadline, but have earned at least 135 credits in your bachelor’s program, you must apply by the set deadline with a transcript (certified copy issued by your university) of all coursework and exams completed to date, including your average grade to date.

Good to know: The legally binding basis for selection, admission and enrollment is the text of the entrance requirements as specified in Section 2 of the currently valid examination regulations and, where applicable, in the appendix.

You can find more information in the examination regulations (in German).

Course sequence

The QDEM master’s degree program is comprised of the following components and can be completed as described below:

1st semester:

Fundamentals (30 credit points)

• Mathematics Statistics
• Programming
• Econometrics of Cross Section and Panel Data Operations Research / Management Science
• Economic Decision-Making and Strategic Interaction

2nd semester:

Academic skills (6 credit points)

• Advanced methods for approaching scientific work will be taught in small groups.
• You will also take a course on personality development.

2nd and 3rd semester:

Specialization – You are able to select from up to seven specialization modules in three areas; two courses may be freely selected (42 credit points)

• (i) Econometrics
• (ii) Management Science & Business Intelligence
• (iii) Economic Behaviour & Strategy

2nd and 3rd semester:

Research module (12 credit points)

• Two applied project seminars in either one of the three areas
  or
• Two applied project seminars in two of the three areas

4th semester:

Final module (30 credit points)

• Master’s thesis and research colloquium

Stays abroad

Would you like to live abroad for a semester or a year? Do you want to learn another language and get to know a new culture? Or gain a different perspective on your particular subject? A stay abroad provides you with the perfect opportunity to achieve this and is possible with every degree program – either self-organized or by taking advantage of one of the popular exchange programs. This is made possible by various cooperation agreements and partnerships with foreign universities.

For more information on this topic, please visit our websites on studying abroad. Visit our student exchange platform for an overview of cooperating universities in your field.

This program of study does not require you to spend time abroad, but you nevertheless have the opportunity to do so.

Internships

This program of study does not include a mandatory internship. However, voluntary internships are a great way to gain insight into a professional field.

An internship allows you to discover whether everyday life in a particular occupation suits your career expectations and interests. You can gain qualifications for a professional field and acquire important professional and personal skills to start a career. An internship helps you both shape your career path, and mold the remainder of your course sequence – in particular by selecting specializations that suit your practical experience.

You can find further information and relevant internships on the Career Service website.

As a graduate of the master’s degree program in Quantitative Decision-Making in Economics and Management (QDEM), you will be particularly qualified to work at the intersection of data collection/data analysis and decision-making. Such positions are available in the private sector, including management consulting, as well as in public institutions – especially in ministries and associations. Another promising career path upon the completion of your studies is in the area of quantitative-empirical economic research.

In this program of study, you will solidify your English language proficiency, enhancing your qualifications and allowing you to pursue opportunities in transnational and international fields.

Not sure what to do after graduation? Don’t worry!

A university degree generally does not prepare you for a single profession but qualifies you for a wide range of career paths – for example, in research, in a typical profession related to your field of study, or in one of many other academic fields.

This is why career orientation is also part of your studies. Gaining practical experience is key, and you can do so through internships, working student positions, part-time jobs or voluntary work, for example.

JGU’s Career Service will support you throughout the entire process with information, advice, workshops and numerous events – from career orientation and working on your profile and skills to finding your dream job and successfully applying for it.