Do you have a degree in business administration or economics and want to study in Germany? For foreign students hoping to study a master’s degree in Germany, the ERP Study Scholarships, provided by the German Academic Exchange Service (DAAD), offer an exceptional opportunity. This well-known scholarship provides financial aid and educational opportunities in one of the top economies in the world, thereby fostering the next generation of business and economic leaders.
The ERP Study Scholarship supports the professional development of outstanding graduates in business administration and economics as part of DAAD’s dedication to fostering academic potential. By allowing outstanding students to attend prestigious German universities, it seeks to strengthen ties between countries.
The 2026 DAAD ERP Study Scholarships offer a life-changing opportunity to study in Germany and earn a top-notch education. This program is perfect for ambitious students who want to improve their academic and career chances in business and economics since it offers extensive financial help, foreign exposure, and access to prestigious colleges.
Host Country: Germany
University: Germany Universities
Opportunity Type: Masters
Subjects: Business and Management, Finance, Business Administration
Eligibility Country: International Students
Financial Coverage: Fully Funded
Eligibility Criteria:
- hold a first degree from an academic institution, such as a bachelor’s degree or its equivalent.
- At the time of application, your most recent degree must have been earned within the previous six years.
- Apply for admission to three German universities at the same time.
- The applicant must not have spent more than 15 months in Germany before the application deadline.
- As necessary by the selected study programs, present legitimate documentation of your language skills (in either English or German).
- Before the deadline, submit a completed online application via the DAAD portal.
Benefits:
- an allowance each month to assist with living costs while studying in Germany.
- Public universities don’t charge tuition.
- complete insurance protection, encompassing personal liability, health, and accident insurance.
- Travel reimbursement for airfare to and from Germany, round-trip.
- access to prestigious academic and professional institutions for networking and research possibilities.
- support for language classes, if needed for the selected study plan.
Required Application Documents
- filled-out DAAD application (found on the DAAD website)
- A tabular curriculum vitae (CV) should not exceed three pages.
- A one to two page motivation letter detailing the academic and personal reasons for studying in Germany
- Form: “Details about the master’s programs you are interested in”
- Admission letter from a German university (if not yet available, can be supplied later)
- Proof of current enrollment if studies are ongoing, or a university degree certificate with final grades
- Academic records transcript with a description of the grading scheme
- Evidence of language competency (test results in German or English, as required by the program)
- One recommendation letter from a professor at a university
- Certificate of school departure (such as a high school graduation)
- All documents that were issued in a different language must be certified translations into either German or English.
Deadline: 31 October 2025
