Selection Process
For each applicant, an admission score is calculated based on the criteria listed below. All applicants are ranked according to their admission score. The Selection Committee reviews the ranking list and decides about the threshold score for admission to fill the places of the program. This means that the required score for admission is not set ex ante but ex post according to the number and quality of applications we receive.
| Average Bachelor's grade (final or preliminary) | 51% |
|---|---|
| ECTS / credits in quantitative methods modules | 39% |
| Average grade of the quantitative methods modules | 10% |
We award up to 10 points for your average bachelor's grade (GPA) according to the following table:
- 1,0 - 1,4: 10 Points
- 1,5 - 1,7: 9 Points
- 1,8 - 1,9: 8 Points
- 2,0 - 2,1: 7 Points
- 2,2 - 2,3: 6 Points
- 2,4 - 2,5: 5 Points
- 2,6 - 2,7: 4 Points
- 2,8 - 2,9: 3 Points
- 3,0 - 3,1: 2 Points
- >=3,2: 1 Point
Notes:
- Only the first digit after the decimal point counts. All decimal apart from the first one are are truncated (no rounding).
- This table is based on the German grading system in which 1.0 is the highest grade and 4.0 is the lowest passing grade. Bachelor's grades from foreign universities are converted to the German grading system by Uni Assist according to the "modified Bavarian formula". On this website you can find further information on how to convert your grade from the American GPA system (4.0 to 2.0) into the German grading system. This example can be easily transferred to other grading systems.
- If you have not completed your Bachelor's studies yet, you can apply with a preliminary Bachelor's grade. In this case, please read the instructions "Missing Bachelor's Degree" here.
The Faculty of Economics and Business Administration supports a quantitative approach to economics and management. Students learn how to make decisions based on mathematical-statistical reasoning and to evaluate decisions ex-post. Therefore, strong quantitative skills are required. The quantitative part of your qualifying degree (usually your bachelor’s degree) is evaluated by counting the ECTS / credit points you received by completing quantitative modules. A maximum of 10 points can be given for the quantitative portion of the bachelor’s degree program. The quantitative portion of the bachelor’s degree program is assigned points in the following manner:
- >= 30 ECTS: 10 Points
- 25 - 29 ECTS: 9 Points
- 22 - 24 ECTS: 8 Points
- 19 - 21 ECTS: 7 Points
- 16 - 18 ECTS: 6 Points
- 13 - 15 ECTS: 5 Points
- 10 - 12 ECTS: 4 Points
- 7 - 9 ECTS: 3 Points
- 4 - 6 ECTS: 2 Points
- <= 3 ECTS: 1 Point
We consider only modules in which quantitative methods are taught and we do not count modules in which they are solely applied. Typical examples of quantitative modules are:
- mathematics / analysis / (linear) algebra (including Financial and Business Mathematics)
- statistics / stochastics / probability calculus (including applied statistics)
- econometrics / empirical economics
- quantitative methods of economics or management / Business Research
- operations research / methods of optimisation
- time series analysis
- data science / data mining / data analysis
- quantitative market research
Typical application modules which are not considered as quantitative methods courses:
- macro and microeconomics
- finance / accounting
- (theory of) decision making
- (business) informatics
- general marketing / market research
- operations management
Please note: We do only consider quantitative modules which were completed as part of your bachelor's degree. In plain language: You cannot enroll in an additional bachelor in mathematics program to complete additional quantitative modules.
Apart from the number of ECTS / credits in quantitative modules, we take the (weighted) average grade of your quantitative modules into account. For this grade, we award up t0 10 points according to the following table:
- 1,0 - 1,4: 10 Points
- 1,5 - 1,7: 9 Points
- 1,8 - 1,9: 8 Points
- 2,0 - 2,1: 7 Points
- 2,2 - 2,3: 6 Points
- 2,4 - 2,5: 5 Points
- 2,6 - 2,7: 4 Points
- 2,8 - 2,9: 3 Points
- 3,0 - 3,1: 2 Points
- >= 3,2: 1 Point
Notes:
- This table is identical with the table above for the average bachelor's grade.
- Ungraded modules are not considered for this criterion (but account for the ECTS / credits in quantitative modules).
- Only the first digit after the decimal point counts. All decimal apart from the first one are are truncated (no rounding).
- This table is based on the German grading system in which 1.0 is the highest grade and 4.0 is the lowest passing grade. Bachelor's grades from foreign universities are converted to the German grading system according to the "modified Bavarian formula".
