Table of Contents

Master's degree 2
Master's in Business Analytics & Econometrics – MSc • University of Cologne • Köln 2

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Master's degree
Master's in Business Analytics & Econometrics –
MSc
University of Cologne • Köln

Overview

Degree Master of Science

Teaching language
English

Languages All courses are held in English.

Full-time / part-time
full-time

Mode of study Less than 50% online

Programme duration 4 semesters

Beginning Winter semester

Application deadline 15 June for the following winter semester

Tuition fees per semester in None

EUR

Combined Master's degree / No

PhD programme

Joint degree / double degree No

programme

Description/content
Data analytics, digital innovation and big data are crucial developments for the upcoming
challenges in all business and economic areas. This programme offers a unique blend of traditional
analytics (e.g. statistics, econometrics, optimisation, simulation) and modern analytical
approaches (e.g. machine learning and artificial intelligence using R and Python) and merges these
approaches with the teaching of groundbreaking knowledge in the areas of economics,
management, and entrepreneurship.

This programme provides you with:

fundamental analytics and technology skills

groundbreaking knowledge and the mindset for a successful career in data analytics for
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 business and economics
vital skills for starting and managing a business in the digital age and resolving complex
issues in today’s organisations
an ability to gather, manage and analyse (big) data as well as to visualise, present and use
insights gained from the data

Preparing you for future challenges

We believe in the right balance between sound theoretical foundations and practical relevance in a
close interaction between the fields of business, analytical methods, and digital technologies.

The programme therefore focuses on:

modern technologies and digitalisation (e.g. big data, digital innovation, digital
transformation, digital business strategy, and digital entrepreneurship)
the latest tools and methods in data analysis (e.g. machine learning and AI or methods
from econometrics as well as Bayesian data analysis)
tackling challenges arising from digitalisation (e.g. data privacy and security, algorithm
ethics)

As a highlight of the curriculum, the Capstone Project brings you together with corporate/public
partners to solve real-world business, economic and societal problems. Over a period of one
semester, you will work as a team using cutting-edge approaches to data analytics in order to solve
these problems, all while interacting within your team and with your partner organisation.

Course Details

Course organisation English taught programme

As global challenges need global solutions, this programme is taught in English to attract
international talent. For the majority of our study programmes, we receive applications from a large
number of different nationalities, which means you can be sure of an international and intercultural
environment.

Optional semester abroad

Our cooperation agreements with an extensive number of excellent partner universities worldwide
provide you with attractive options for your optional semester abroad. In addition, you may enrich
your studies through our short programmes in New York and Hong Kong or through a summer
school.

Unique international team

An internationally recognised expert faculty offers courses on business administration,

econometrics and information systems within this programme and will assist you even outside the
classes.

Specialisation

During your third semester, you have the option to choose between one of two tracks:

The "Econometrics Track" focuses on advanced statistical and analytical methods to identify and
resolve complex economic issues in the private, public and non-profit sectors. This track places a
strong emphasis on combining traditional and modern approaches to data analytics.

The "Business Analytics Track" focuses on applying approaches and methods of data analytics to
solving complex business problems with (big) data. This track places a strong emphasis on forming
a data-driven digital strategy, building a data-driven business model, engaging in digital
entrepreneurship and founding one’s own start-up company.

PDF Download
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 A Diploma supplement will Yes
be issued

International elements
Training in intercultural skills
Study trips
Projects with partners in Germany and abroad
International comparisons and thematic reference to the international context
International guest lecturers
Specialist literature in other languages
Language training provided
Content-related regional focus

Course-specific, integrated No
German language courses

Course-specific, integrated Yes

English language courses

Online learning

Pace of course Mixed (e.g. fixed exam dates and duration, study content can be studied at any time)

Phase(s) of attendance in Yes, compulsory

Germany (applies to the
entire programme)

Types of online learning

Access to databases with study material
elements
Discussion forums and / or groups
Online sessions
Online study material provided by institution
Online tutorials
Other
Video learning (Pre-recorded videos, Vlogs, Video-Podcasts)

Costs / Funding

Tuition fees per semester in None

EUR

Semester contribution The semester contribution amounts to approx. 320 EUR per semester. The fee includes a semester
ticket covering public transport in the entire federal state of North Rhine-Westphalia.

Funding opportunities Yes

within the university

Description of the above- Scholarships and further financing options

mentioned funding
opportunities within the
university

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Requirements / Registration

Academic admission Bachelor's GPA at least 2.7 (German grade)

requirements
1. at least 30 ECTS in the fields of Business Administration and/or Economics
2. at least 24 ECTS in the fields of Statistics and/or Mathematics and/or Information Systems
and/or Informatics

or

at least 48 ECTS in the fields of Statistics and/or Mathematics and/or Information Systems
and/or Informatics

Please find detailed requirements at https://wiso.uni-

koeln.de/en/studies/application/master/master-business-analytics-and-econometrics

Language requirements Proof of proficiency in English at level B2 CEFR

Application deadline 15 June for the following winter semester

Submit application to online: https://wiso.uni-koeln.de/en/studies/application/master

Services

Career advisory service WiSo Career Services

Support for international

Buddy programme
students and doctoral
Tutors
candidates
Specialist counselling

General services and support WiSo Student Services

for international students
and doctoral candidates

5

©Fotostudio Schloen
Richard G.
Student
”What excites me about my studies is
that you can find a wide range of
opportunities for every pursued
career.
By combining current methods from
data science, statistics and machine
learning with business and economics
concepts, you are ideally prepared for
both a career in industry and
academia.“
Master in Business
Analytics &
Econometrics - From
Data To Insights,
University of Cologne
Data analytics, digital innovation and
big data are crucial developments for
the upcoming challenges in all
business and economic areas. This
new programme offers a unique blend
of traditional analytics and modern
analytical approaches and merges
these approaches with the teaching of
groundbreaking knowledge in the
areas of economics, management,
and entrepreneurship.

more:
https://youtu.be/AtYgR6L2N6s

University of Cologne

Lounge WiSo Faculty

© Lisa Beller

The University of Cologne is a modern university in the heart of Europe. Academic excellence, internationality, and widely varied curricula
create a vibrant and inspiring environment for students, scientists, and scholars.

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 University location
With a population of over one million people, Cologne is the fourth-largest city in Germany and the largest city in the federal state of North
Rhine-Westphalia. Located in the heart of Europe on an ancient trade route – the River Rhine – Cologne has been an important trade
location since the Middle Ages. Cologne has a booming economic sector that includes commerce, trades, banks, and international
corporations. It is one of Europe's most important media hubs and is home to a variety of television and radio broadcasters. Furthermore,
Cologne offers many museums, art exhibitions, cinemas, theatres, cultural events, international-level concerts, and, of course, the Cologne
Carnival, which is the city's "fifth season".

Contact
University of Cologne
Faculty of Management, Economics and Social Sciences

50931 Köln

Contact form

Course website: https://wiso.uni-koeln.de/de/studium/master/master-business-analytics-econometrics

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Last update 05.11.2023 06:53:22

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International Programmes in Germany - Database
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Germany”.

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institutions of higher education.