The ERP DAAD Scholarships 2027 in Germany are currently accepting applications, offering international graduates a fantastic chance to pursue a fully supported master’s degree in business, economics, and related fields. The fellowship, which is supported by the German Academic Exchange Service (DAAD), provides substantial financial assistance in the form of a €992 monthly stipend, health insurance, study allowances, and other perks.
The ERP DAAD Scholarship covers a variety of costs for the duration of the master’s degree, going beyond just tuition. It is especially intended for graduates in business and economics who want to further their education and increase their chances of finding employment abroad in Germany.
Recipients will get the opportunity to attend prestigious German institutions, gain access to top-notch instruction and research, and establish relationships in the vibrant business and financial sectors of Europe. The program helps gifted individuals from all over the world who want to further their education while taking advantage of one of Europe’s most robust and creative economies.
Host Country: Germany
Administered By: German Academic Exchange Service (DAAD)
Institution: German Universities
Opportunity Type: Master’s
Eligible Applicants: International Students
Financial Coverage: Fully Funded
Eligibility Criteria:
- Possess a bachelor’s degree in economics, business administration, finance, management, or a similar discipline, or be in the last year of one.
- Exhibit exceptional academic performance in prior coursework.
- Apply to three master’s programs at participating German universities that meet the requirements.
- Meet the language competency standards of the chosen study program (German or English).
- Before the deadline, submit a thorough scholarship application together with all necessary supporting documentation.
- have not resided in Germany for more than 15 months before the deadline for applications
- Demonstrate a strong desire to pursue graduate education and specific professional objectives for future career advancement.
Benefits:
- €992 monthly scholarship stipend
- €460 is the annual study and research allowance.
- Complete financial assistance for qualified master’s programs at German public or state-approved universities
- Complete coverage for health insurance
- Protection from accident insurance
- Coverage for personal liability insurance
- Allowance for travel, if applicable
- Possibility of taking a German language course prior to beginning studies (subject to clearance)
- funding assistance for 18–24-month master’s degree programs
Required Documents
Applicants are typically required to submit:
- Completed scholarship application form
- Statement of motivation or motivation letter
- Updated Curriculum Vitae (CV) or résumé
- Bachelor’s degree certificate or proof of expected graduation
- Official academic transcripts and records
- Academic reference letter from a university professor
- Language proficiency certificate, if applicable
- Details of the selected master’s degree programmes
- Any additional supporting documents requested by DAAD during the application process
Deadline: 16 November 2026
