DAAD ERP Study Scholarships for Graduates of Economics and Business Administration 2026
- Omran Aburayya
- Sep 25
- 3 min read
Updated: Sep 26
If you are a recent graduate in Economics or Business Administration and are eager to advance your academic career in Europe, the DAAD ERP Study Scholarships provide an excellent opportunity. Applications are now open for the 2026 academic year. Sponsored by the German Federal Ministry of Economic Affairs and Energy (BMWi) and administered by the DAAD (German Academic Exchange Service), this scholarship supports talented international students pursuing a Master’s degree in Germany. Here's everything you need to know.
🎓 Scholarship Summary
Name: DAAD ERP Study Scholarships for Graduates of Economics and Business Administration
Location: Germany
Study Level: Master’s degree (typically 3–4 semesters)
Target Group: International graduates with a first degree in Economics or Business Administration
Fields of Study: Economics, Business Administration, Management, and related disciplines
Value & Coverage:
Monthly stipend: €992
Annual study allowance: €460
Health, accident, and personal liability insurance contributions
Travel allowance
Optional 2-month German language course before studies begin
Note: family allowances are not included
Duration of Funding: 18–24 months (depending on programme length)
Application Deadline: 31 October 2025
Start Date: October 2026
Eligible To: International graduates (not resident in Germany for more than 15 months prior to application) with strong academic records in Economics/Business Administration
🧭 Scholarship Overview
The ERP Scholarship allows outstanding graduates to pursue a full Master’s programme in Economics or Business Administration at a German public or recognized university.
Covers Master’s programmes lasting 3 or 4 semesters.
Funding is renewable after the first year based on satisfactory academic performance.
A study abroad component (up to 25% of the scholarship duration) may be funded, provided it does not take place in your home country.
In select cases, DAAD supports a 2-month German language course before the start of studies.
🎁 Benefits
The DAAD ERP Scholarship covers a wide range of costs to help scholars focus fully on their studies:
€992 per month for living expenses
€460 per year as a study allowance
Contributions to health, accident, and liability insurance
Travel allowance to and from Germany
Optional German language course (2 months before study start)
No family allowances included
✅ Eligibility Criteria
Applicants must meet the following requirements:
Hold a Bachelor’s degree (or equivalent) in Economics or Business Administration
Degree must be completed within the last 6 years
Apply to three Master’s programmes in Germany simultaneously
Provide proof of German or English proficiency, depending on programme language
Must not have resided in Germany for more than 15 months prior to application deadline
Possess strong academic achievements and motivation
📝 Application Procedure
Applications are submitted online via the DAAD portal. Required documents typically include:
Curriculum Vitae (tabular form, max. 3 pages)
Motivation Letter (1–2 pages)
Academic transcripts and degree certificates (with certified translations if needed)
Proof of language proficiency (German or English)
Letter of recommendation from a professor (optional but recommended)
Secondary school certificate and other relevant documents
Proof of admission or at least application to three German Master’s programmes
✍🏻 Application Steps:
Identify and apply to three suitable German Master’s programmes.
Prepare required documents, including translations.
Register on the DAAD portal and complete the ERP scholarship application form.
Upload and submit all required documents by 31 October 2025.
Wait for selection results between February–March 2026.
💡 Tips & Extra Information
Start early: gathering documents and applying to three programmes can take time.
Select Master’s programmes that align with your academic background and career goals.
Write a compelling motivation letter linking your studies with future contributions.
Seek strong recommendations from professors familiar with your academic work.
Follow country-specific DAAD instructions, as requirements may differ slightly.
Keep your grades strong in the first year to ensure renewal of the scholarship.
