Are you a high-achieving graduate in Economics or Business Administration looking for a clear path to a prestigious Master’s degree without the crushing financial burden? Germany’s DAAD ERP Study Scholarships offer exactly that opportunity. Sponsored by the Federal Ministry of Economic Affairs and Energy (BMWE) and administered by the German Academic Exchange Service (DAAD), this programme funds complete Master’s studies in Economics and Business Administration at public or state-recognised German universities.
Unlike many generic scholarships, the ERP Study Scholarships target excellently qualified foreign graduates specifically in these fields. Successful applicants receive a reliable monthly stipend of 992 euros plus additional support that covers living costs, insurance, and travel—while studying in one of Europe’s strongest economies and academic environments. This guide walks you through everything you need to know to prepare a competitive application for the upcoming cycle.
Scholarship Summary
- Host Country: Germany
- Host University: State (public) or state-recognised German higher education institutions
- Scholarship Type: MSC Scholarships
- Eligible Countries: All Countries
- Scholarship Benefits: Full tuition fee, Living stipend, etc.
- Application Deadline: Applications open from 1 June; typical deadline around early-to-mid November (for example, 2 November 2026 in many cases for funding starting October 2027). Exact date varies by origin and is confirmed on the official DAAD portal—check the current cycle as deadlines are updated annually. Selection usually occurs February–March of the following year.
What Makes the DAAD ERP Study Scholarships Unique?
The programme’s objective is straightforward yet powerful: give foreign graduates the chance to complete a full Master’s degree in Germany in Economics or Business Administration and return home (or advance globally) with a German qualification and international experience. Funding covers 18–24 months, matching three- or four-semester programmes. After the first year, continued funding depends on academic progress that shows you can finish within the standard study period.
This is not a partial tuition waiver. German public universities already keep tuition low or free for consecutive Master’s degrees in most cases. The real value lies in the living stipend and support package that lets you focus on studies rather than part-time work. Selection takes place through committees in the applicants’ home countries, ensuring local context is considered alongside academic excellence.
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Scholarship Benefits in Detail
Recipients receive:
- 992 euros per month as the core scholarship payment.
- A study allowance of 460 euros per year.
- Payments toward health, accident, and personal liability insurance (see DAAD’s important information for scholarship applicants for details).
- A travel allowance (applied for separately).
- Potential funding for a two-month German language course at a language school in Germany before the degree begins, decided by the selection committee.
- Possibility of further payments upon application (family allowances are excluded).
If your chosen Master’s includes a mandatory stay abroad, funding for that component is possible only if it is outside your home country and does not exceed 25 percent of the total scholarship period. These benefits make the programme one of the more generous targeted options for economics and business graduates seeking to study in Germany.
For broader context on what DAAD scholarship holders can expect, review the official “Important Information for Scholarship Applicants”: https://www.daad.de/en/studying-in-germany/scholarships/information-for-scholarship-applicants/.
See Also:
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Who Can Apply? Eligibility Requirements
You are eligible if you are an excellently qualified graduate who has completed (or will complete by the start of funding) a first academic degree—Bachelor, Diplom, or comparable—in Economics, Business Administration, or a closely related field. As a rule, the final examinations of your last degree should not be older than six years at the time of application.
Additional key conditions include:
- You must apply simultaneously for admission to three suitable Master’s programmes at German higher education institutions. The DAAD award becomes effective only once you present a valid admission letter before funding begins.
- You must not have been resident in Germany for longer than 15 months at the application deadline.
- Proof of language proficiency in the language(s) of instruction (German, English, or both) is required. Acceptable certificates include TestDaF, DSH, Goethe-Zertifikat for German, and IELTS, TOEFL, Cambridge, or equivalent for English. Certificates should generally be no older than three years. Check specific requirements for your country of origin on the DAAD portal.
- Incomplete applications are not considered.
Language of instruction varies by programme—many international Master’s courses are taught entirely in English, while others require German or a combination. Always confirm the exact requirements on the university programme pages.
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Application Process and Required Documents
Applications are submitted exclusively online through the DAAD portal. The portal opens for this programme from 1 June until the stated deadline (typically early November). Access appears only during the active application window; after the deadline it closes until the next cycle.
Required documents (uploaded as PDFs; non-certified scans are accepted initially) generally include:
- Full curriculum vitae in tabular form (maximum three pages).
- Letter of motivation (1–2 pages) explaining academic and personal reasons for the planned study project in Germany.
- Form “Information about your preferred master programmes” (downloadable from DAAD; list up to three programmes with details on duration, language, fees, modules, etc.).
- University degree certificate and transcripts (or proof that the degree will be completed before funding starts), including grading system explanation.
- Proof of language proficiency.
- One recent letter of recommendation from a university teacher (note: for applicants from certain countries such as Belarus this requirement has been suspended in recent cycles—verify current rules).
- Optional supporting documents such as employment certificates or internship proofs.
You can apply before receiving university admission, but the admission letter must reach DAAD in time for the funding start. The portal closes at 24:00 (CET/CEST) on the final day—submit well before to avoid technical issues. Technical support is available at portal@daad.de or the hotline +49 (0) 228 882-8888 (weekdays during specified hours).
Always consult the latest official announcement for country-specific document lists and exact deadlines, as these are updated at least once a year.
Tips for a Strong Application
Start early. Identify three realistic Master’s programmes that match your background and career goals; research their admission requirements, language demands, and application deadlines thoroughly. German universities often have their own deadlines that may fall before or around the scholarship deadline.
Craft a focused motivation letter that connects your academic record, professional experience if any, and clear reasons for choosing Germany and the specific programmes. Demonstrate how the degree will contribute to your long-term goals.
Secure strong academic references and prepare language certificates in advance—these can take time to obtain. Ensure all documents are complete and clearly scanned. Selection committees look for academic excellence combined with a coherent study plan and motivation.
Because selection occurs in home countries, local DAAD information centres or embassies can provide valuable guidance. Monitor the official page regularly, as the exact deadline and any country notes appear under the Application Procedure tab.
Why Study Economics or Business in Germany?
Germany hosts world-class universities and research environments in economics, management, finance, and related fields. Many programmes emphasise quantitative methods, international perspectives, and strong links to industry and policy. Living costs are manageable with the scholarship stipend, and the country offers excellent infrastructure, cultural opportunities, and post-study work options for graduates. Completing a Master’s here strengthens your CV for careers in international organisations, consulting, academia, or the private sector.
Final Steps and Resources
The DAAD ERP Study Scholarships represent a high-value, targeted opportunity for the right candidates. With a solid academic record in Economics or Business Administration, careful programme selection, and a complete, timely application, you can position yourself for success.
Begin by visiting the official programme page and filtering the DAAD scholarship database by your country of origin to confirm eligibility and the precise deadline for your cycle. Download the required forms, prepare your documents, and register on the DAAD portal once it opens in June.
Key resources:
- Official scholarship announcement: https://www2.daad.de/deutschland/stipendium/datenbank/en/21148-scholarship-database/?detail=50015171
- DAAD important information for applicants: https://www.daad.de/en/studying-in-germany/scholarships/information-for-scholarship-applicants/
- Preferred programmes information form (example download location available via the official page)
Prepare thoroughly, meet every requirement, and submit early. A fully funded Master’s in Germany through the DAAD ERP Study Scholarships can open doors that last a lifetime. Check the current cycle details today and take the first step.