The ERP Study Scholarships 2026 offer a remarkable opportunity for international graduates of Economics and Business Administration to pursue their master’s studies in Germany. Sponsored by the Federal Ministry of Economic Affairs and Energy (BMWi) and administered by the DAAD (German Academic Exchange Service), these funded scholarships are designed to support outstanding students who aspire to strengthen their academic and professional journey in one of Europe’s strongest economies.

With full tuition coverage, monthly stipends, travel support, and even a chance to undertake a German language course before studies, this scholarship is not only financially rewarding but also academically enriching. It paves the way for students to study at prestigious German universities, gain global exposure, and build networks for a successful career in the fields of economics and business administration.

About DAAD

The German Academic Exchange Service (DAAD) is one of the largest funding organizations in the world, providing financial support for international students to study in Germany. Each year, DAAD supports over 100,000 German and international students through scholarships and grants.

Germany itself is home to many top-ranked universities such as:
• LMU Munich (QS World Rank: 59, THE Rank: 38)
• Heidelberg University (QS: 87, THE: 47)
• Humboldt University of Berlin (QS: 128, THE: 87)
• University of Mannheim (Renowned for Business & Economics)

With a strong focus on research, innovation, and academic excellence, DAAD scholarships like the ERP program ensure that international students can gain access to Germany’s world-class higher education system without financial constraints.

DAAD ERP Study Scholarships 2026 Germany Overview 

Feature	Details
Scholarship Name	ERP Study Scholarships 2026
Funded by	Federal Ministry of Economic Affairs and Energy (BMWi)
Administered by	DAAD (German Academic Exchange Service)
Degree Level	Master’s in Economics or Business Administration
Host Institutions	State/public or state-recognized universities in Germany
Duration	18–24 months (3–4 semesters)
Eligibility	International graduates of Economics & Business
Deadline	31 October 2025
Start of Funding	October 2026

Scholarship Benefits

The ERP Study Scholarship provides generous financial and academic support:

• Monthly stipend of €992 to cover living expenses
• Annual study allowance of €460 for academic materials
• Health, accident, and liability insurance coverage included
• Travel allowance for international students
• Optional German language course (up to 2 months before study begins)
•  Coverage for the entire master’s degree duration (up to 24 months)
• Networking opportunities with scholars across the globe
•  Support for stays abroad (up to 25% of the study duration, excluding home country)

Eligibility Criteria

Applicants must meet the following requirements:

• Hold a Bachelor’s degree (or equivalent) in Economics or Business Administration.
• Have completed the degree within the last six years before application.
• Must not have resided in Germany for longer than 15 months at the time of application.
• Apply to three German universities simultaneously for admission.
• Provide proof of English or German language proficiency, depending on program requirements.
• Submit academic transcripts, recommendation letter, and motivation statement.

Application Process

Applying for the ERP Study Scholarship involves several steps:

1. Register on the DAAD Portal
   • Create an account on the DAAD portal to start your application.
2. Prepare Required Documents
   • CV (max. 3 pages)
   • Motivation letter (1–2 pages)
   • University degree certificate and transcripts
   • Proof of language proficiency (German/English)
   • Letter of recommendation from a university professor
   • School leaving certificate
3. Upload Documents
   • Scan documents and upload them in PDF format to the portal.
   • Translations (if required) must be uploaded alongside originals.
4. Submit Application
   • Complete and submit the online application before the deadline: 31 October 2025.
5. Selection & Results
   • Selection takes place in February–March 2026.
   • Results are announced by June 2026.
   • Funding starts in October 2026.

Comparison with Other Scholarships

Scholarship	Eligibility	Monthly Stipend	Coverage	Deadline
DAAD ERP Study Scholarship	Graduates of Economics & Business	€992 + benefits	Tuition, insurance, travel, allowance	31 Oct 2025
DAAD Development-Related Postgraduate Courses (EPOS)	Graduates from developing countries	€934–€1,200	Tuition, travel, insurance	Deadlines vary
Erasmus Mundus Joint Master’s	All international students	€1,000+	Tuition, travel, participation costs	Varies (2025–26)
Fulbright Germany Master’s Award	US citizens	€850–€1,000	Tuition, travel, insurance	Fall 2025

FAQs About DAAD ERP Study Scholarships 2026 Germany

1. What is the ERP Study Scholarship?
   It’s a DAAD-administered scholarship for international graduates in Economics and Business to pursue a master’s degree in Germany.
2. Who funds DAAD ERP Study Scholarships 2026?
   The scholarship is funded by the Federal Ministry of Economic Affairs and Energy (BMWi).
3. What does the monthly stipend cover?
   The €992 stipend helps cover accommodation, food, and daily expenses in Germany.
4. Can I apply if I studied another field besides economics?
   No, the scholarship is exclusively for graduates in Economics and Business Administration.
5. Do I need German language skills to apply?
   It depends on the university program. Proof of English or German proficiency is mandatory.
6. Can I stay abroad during the program?
   Yes, up to 25% of the study duration abroad is permitted, but not in your home country.
7. Can students already living in Germany apply?
   Not if you’ve been in Germany for longer than 15 months before applying.
8. How many universities should I apply to?
   You must apply to at least three German universities simultaneously.
9. When will results be announced?
   Applicants are informed by June 2026 after the selection process.
10. Is health insurance included?
    Yes, the scholarship covers health, accident, and liability insurance.

Important Notes

• Applicants must submit complete applications — incomplete submissions are not considered.
• Certified copies are only required if the grant is awarded.
• Students should also apply for student finance or backup funding options in case of delay.

The ERP Study Scholarship 2026 is a unique chance for Economics and Business graduates to study at top German universities with full financial and academic support. If you dream of advancing your career in Europe’s strongest economy, don’t miss this opportunity. APPLY NOW.