Austria provides high-quality Economics education with strong links to international finance, policy institutions, and leading research centres. With 70+ higher education institutions and 80,000+ international students enrolled each year, the country provides a rich academic environment for Economics students at every level — from Bachelor’s through to doctoral research.
Whether you are pursuing an undergraduate degree, a specialised Master’s program, or a research PhD, Austria has options to match your goals and budget. This guide covers the top-ranked universities for Economics in Austria, admission requirements, tuition fees, career prospects, and everything you need to know before applying.
Quick Facts: Economics in Austria
| Subject | Economics |
| Country | Austria |
| Program Duration | 3–4 years (Bachelor’s), 1–2 years (Master’s) |
| Tuition (International) | €363/semester (EU); €726/semester (non-EU) — among Europe’s lowest |
| Language of Instruction | German & English |
| Leading University | University of Vienna |
Top Universities for Economics in Austria 2026
The following universities in Austria are consistently recognised for excellence in Economics, attracting students from around the globe:
| # | University | City | Type | World Rank |
|---|---|---|---|---|
| 1 | University of Vienna | Vienna | Public | #137 |
| 2 | TU Wien (Vienna University of Technology) | Vienna | Public | #191 |
| 3 | University of Innsbruck | Innsbruck | Public | #266 |
| 4 | University of Graz | Graz | Public | #335 |
| 5 | Medical University of Vienna | Vienna | Public | #Top 200 Medicine |
Why Study Economics in Austria?
- One of the cheapest study destinations in Western Europe — only €726/semester for non-EU students
- University of Vienna is one of the oldest universities in the German-speaking world (founded 1365)
- Central European location with easy access to Germany, Italy, Switzerland, and Eastern Europe
- Vienna consistently ranks among the world’s most liveable cities
- Strong programs in music, arts, medicine, and engineering — recognised across Europe
Admission Requirements for Economics Programs in Austria
Entry requirements vary by institution, but most universities in Austria expect the following for Economics applicants:
- Strong mathematics background (calculus, statistics essential)
- IELTS 6.5+ or TOEFL 90+
- GRE score (for US and top European graduate programs)
- Analytical writing sample (for MSc programs)
- Transcripts showing quantitative strength
Tuition Fees and Cost of Living in Austria
| Public University Tuition | €363/semester (EU); €726/semester (non-EU) — among Europe’s lowest |
| Private University Tuition | €5,000 – 15,000/year |
| Average Living Costs | €900 – 1,400/month/month |
| Language of Study | German & English |
Many universities in Austria offer scholarships and financial aid specifically for international Economics students. Check each university’s financial aid pages and your home country’s government funding schemes before applying.
Career Prospects After Economics in Austria
Graduates with a Economics degree from a Austria university are in high demand both locally and internationally. Common career paths include:
- Economist
- Financial Analyst
- Policy Advisor
- Investment Banker
- Data Analyst
Frequently Asked Questions
What are the best universities for Economics in Austria?
The leading universities for Economics in Austria include University of Vienna, TU Wien (Vienna University of Technology), and University of Innsbruck. These institutions offer internationally accredited programs with strong research output and industry connections.
How much does it cost to study Economics in Austria?
Tuition for Economics programs in Austria ranges from €363/semester (EU); €726/semester (non-EU) — among Europe’s lowest at public universities. Average living costs are approximately €900 – 1,400/month. Scholarships are available for international students.
Can I study Economics in Austria in English?
Many universities in Austria offer Economics programs taught entirely in English, particularly at Master’s and PhD level. Proficiency is typically demonstrated via IELTS 6.5+ or TOEFL 90+.
What are the admission requirements for Economics in Austria?
Most Economics programs in Austria require: Strong mathematics background (calculus, statistics essential), IELTS 6.5+ or TOEFL 90+, and GRE score (for US and top European graduate programs). Specific requirements vary by university and level of study.
Related Resources
- Best Universities in Austria 2026 — complete country overview
- Best Universities for Economics Worldwide — global subject rankings
- Study in Austria — Complete Guide for International Students
- International Scholarships 2026 — funding your studies abroad
- Best Student Cities in the World 2026