A method for synchronizing time in an Ethernet-based network having a master network subscriber and a slave network subscriber includes sending out a first telegram via the master network subscriber, where the slave subscriber receives the first telegram at a first receipt time value of a local system time and stores the first receipt time value. The method can also include reading out the first receipt time value via the master subscriber, sending out a second telegram by the master subscriber, where the slave subscriber receives the second telegram at a second receipt time value of the local system time and stores the second receipt time value, and reading out the second receipt time value via the master network subscriber. A speed parameter of the local system time can be calculated from the receipt time values via the master network subscriber, and transmitted to the slave subscriber.