Study MBA in Germany: Top Colleges, Fees & Eligibility for Indian Students

Top MBA Colleges in Germany for Indian Students

There are two modes that students can opt for, for pursuing an MBA degree from Germany. The MBA full-time study program is one option for students. Depending on the curriculum, state, and university, it could take 1 year to finish. Students may also choose to enrol in an MBA half-time study program, allowing them to work part-time while studying. Due to the short study period, the duration of the course could be 2 years.

Here are some of the best universities for an MBA in Germany:

University Name	Location	Course Offered	Tuition Fees
Berlin School of Business and Innovation (BSBI)	Berlin	MBA Global MBA	EUR 9,000 / INR 8,00,000, per year.
GISMA Business School	Berlin-Potsdam	Global MBA Grenoble MBA	EUR 18,000 / INR 16,00,010, per year.
Mannheim Business School	Mannheim	Global Full-time MBA Full-time Executive MBA	EUR 39,900 - 45,500 / INR 3547790 - 40,45,720, per year.
European School of Management and Technology (ESMT)	Berlin	Global Full-time MBA Full-time Executive MBA Part0time MBA Online MBA	26,000 - 60,000 / INR 23,11,840 - 53,35,020, per year.
HHL Leipzig Graduate School of Management	Leipzig	Global Full-time MBA Full-time Executive MBA Part-time MBA	EUR 27,000 - 34,500 / INR 24,00,760 - 30,67,640, per year.
Frankfurt School of Finance and Management	Frankfurt	Executive MBA  Full-Time MBA Part-Time MBA	EUR 42,853 / INR 38,23,260
WHU Otto Beisheim	Koblenz	Full-Time MBA Part-Time MBA Global MBA	EUR 43,873 / INR 39,14,290
EU Business School	Barcelona	MBA	EUR 22,344 / INR 19,93,557

Now, let's elaborate on each university’s features.

1. Berlin School of Business and Innovation (BSBI)

BSBI's MBA programs concentrate on improving business skills and preparing candidates for the workforce. Students seeking a Global MBA can seek business possibilities globally while learning how to manage the complexities of the same. Another reason BSBI is a popular choice among international students is the low German MBA fees it offers in comparison to other universities.

University Type	Private
Location	Berlin
Popular Programs	MBA Global MBA

2. GISMA Business School

GISMA Business School is one of the best MBA universities in Germany, offering a flexible MBA program. The programs aim to improve management, strategic organisation, operations, and business skills. Students can opt for a full-time one-year MBA, a 2-year part-time course, or an Online MBA.

University Type	Private
Location	Berlin-Potsdam
Popular Programs	Global MBA Grenoble MBA

3. Mannheim Business School

Mannheim Business School is among the top public universities offering an MBA degree. It offers full-time and part-time MBAs which are well-known worldwide. The programs cover a wide range of topics, from strategy and marketing to finance and corporate social responsibility. Through these MBAs, students get the opportunity to acquire some of the greatest management techniques and business acumen that prove beneficial for them professionally.

University Type	Public
Location	Mannheim
Popular Programs	Global Full-time MBA Full-time Executive MBA

Private & Public MBA Colleges in Germany

4. European School of Management and Technology (ESMT)

The European School of Management and Technology's MBA program is designed to integrate global electives, technology, and innovation with general management. Its emphasis is on leadership, general management, and business innovation. Some available specializations are in managerial analytics, innovation and entrepreneurship, and strategic leadership.

University Type	Private
Location	Berlin
Popular Programs	Global Full-time MBA Full-time Executive MBA Part0time MBA Online MBA

5. HHL Leipzig Graduate School of Management

With 140+ partner institutes, double degree options, and international exchange options, HHL is among the top German universities to pursue an MBA. Data indicates a 93% salary boost after graduating from this institution. As such, it provides international students with one of the top MBA programs in Germany.

University Type	Private
Location	Leipzig, Germany
Popular Programs	Global Full-time MBA Full-time Executive MBA Part-time MBA

6. Frankfurt School of Finance and Management

Frankfurt School of Finance and Management is a private institution authorized by the Higher Education Act of Hesse. It is home to 3,000+ students, representing more than 120 nations. The B-school is well-known for its MBA, EMBA, and MIM programs. Graduates of these programs earn globally recognized degrees.

University Type	Private
Location	Frankfurt, Germany
Popular Programs	Executive MBA  Full-Time MBA Part-Time MBA

7. WHU Otto Beisheim

The MBA program at WHU is taught by a renowned faculty of practitioners and business professionals. The program consists of core modules, elective modules, and international modules, with week-long visits to partner institutions such as Kellogg and Columbia. The Global Online MBA is an excellent choice for individuals seeking a top MBA but are unable to relocate to Germany for studies.

University Type	Private
Location	Koblenz, Germany
Popular Programs	Global Full-time MBA Full-time MBA Part-time MBA

8. EU Business School

EU Business School (EU) provides several MBA programs with specialisations in various aspects of international business. They provide ten different specializations, including Global Banking & Finance, Entrepreneurship, Communication & Public Relations, International Marketing, and more. They use various instructional approaches, including lectures, corporate visits, seminars, and business simulations for training students for the real workforce.

University Type	Private
Location	Barcelona/Munich, Germany
Popular Programs	MBA

Have you started your college search – yes, no, stuck in the middle? Don’t worry! It is easy to get overwhelmed with multiple options and things to consider. Check out Yocket College Finder, a free online tool to find universities based on your needs and preferences.

Read: Is MBA in Germany worth it?

Other Universities Offering MBA in Germany

Apart from the aforementioned universities, the following are some more popular universities for MBA in Germany:

1. University of Cologne, Cologne
2. CBS International Business School, Cologne
3. IU International University of Applied Sciences, Berlin
4. SRH Berlin University of Applied Sciences, Berlin
5. Bremen City University of Applied Sciences, Berlin
6. Pforzheim University, Pforzheim

Top MBA Specialisations in Germany

Peruse the table below to get an overview of the most popular MBA specialisations alongside their average salaries in Germany

Specialisation	Average Annual Base Pay
MBA in Finance	EUR 89,000 / INR 79,11,150
MBA in Marketing	EUR 65,000 / INR 57,77,810
MBA in Business Analytics	EUR 60,000 / INR 53,33,360
MBA in Logistics & Operations	EUR 70,000 / INR 62,22,260
Product/Project Management	EUR 60,000 / INR 53,33,360
Human Resource Management	EUR 50,000 / INR 44,44,470

Eligibility Requirements to Study MBA in Germany

Most German universities are state-funded, but not strictly regulated by them. As a result, each university may have its own set of eligibility requirements for admission. However, listed  below are some of the most common prerequisites that must be met by MBA degree seekers:

• Ideally, you must have completed a three-year bachelor's and one-year master's in relevant fields. In Germany, very few universities accept a three-year bachelor's degree for MBA studies.
• Your GMAT/GRE scores.
• Scores from the IELTS / TOEFL / PTE as evidence of English language competency. You might have to prove your proficiency in the German language for German-taught programs. For that, you can take the TestDAF or DSH exams.
• You might need to pass certain college entrance exams.
• Two to five years of work experience could be required.

Documents Required for MBA in Germany

To pursue an MBA in Germany, you need to require the following documents:

• Completed Application form for the desired University
• Transcript of Studies to Date
• Letter of Motivation
• Updated Résumé
• GMAT/GRE scores
• IELTS / TOEFL / PTE scores
• Entrance exam scores, if required
• Evidence of at least Four to Five Years of Work Experience ( number of years varies according to the university)
• Passport
• Student Health Insurance Certificate
• Most Current Photo (as for ID)
• German Student Visa

One of the most crucial requirements of studying in Germany as an international student is to provide your IELTS score. Check out this blog to learn more about the IELTS examination

You may also like How to Get a German Student Visa

How to Apply for an MBA in Germany?

Now that you are aware of the admission requirements of the business schools in Germany, here is a quick look at the step-by-step application process:

• Step 1: Check the requirements for MBA courses in Germany at all the universities you wish to apply to.
• Step 2: Take the required aptitude tests like IELTS/TOEFL or the university’s admission tests, Apply online at each university’s website.
• Step 3: International applicants need to have their documents need to be reviewed through uni-assist.
• Step 4: Once the documents have been verified by the admission committee, a final approval letter will be emailed to the applicant.
• Step 5: Students may be asked to appear for an interview before the final confirmation.

Also, Read Cheapest MBA Colleges in Germany

Cost of Studying an MBA in Germany

Cost is an essential factor to consider before pursuing business studies in Germany. Therefore,  take a quick look at the total cost of an MBA program alongside the living expenses for international students in Germany.

Tuition Fees at Public Universities in Germany for MBA

Although German public universities offer free education to all students irrespective of their nationalities, there is a certain administrative charge that must be paid every semester. However, for specialised MBA programs like Executive MBA, there can be a tuition fee even at public universities. Check thoroughly before applying!

University	Annual Tuition Fees
University of Mannheim	EUR 42,500 / INR 37,76,370 (Tuition)
University of Cologne	EUR 8,250 - 11,610 / INR 7,33,060 - 10,31,610 (Administrative)
Technical University of Munich	EUR 19,915 / INR 18,00,000 (Tuition)
RWTH Aachen University	EUR 50 / INR 5,260, monthly (Administrative)

Tuition Fees at Private Universities in Germany for MBA

University	Tuition Fee per year (EUR)	Tuition Fee per year (INR)
Berlin School of Business and Innovation	EUR 9,000	INR 8,00,000
GISMA Business School	EUR 18,000	INR 16,00,010
Munich Business School	EUR 32,000	INR 28,44,460
ESMT	EUR 26,000 - 60,000	INR 23,11,120 - 53,33,360
HHL Leipzig	EUR 34,500	INR 30,66,680

Other Costs

Tuition charges aren't the only expenses to worry about when pursuing your MBA courses in Germany. You must also manage the total living expenses. As a new experience, careful planning and organisation can help you in the long run. Although the living expenses might vary city-wise and your lifestyle choices, here is a monthly breakdown of your approximate living expenses:

Particular	Cost per month
Semester social charges	EUR 70 / INR 6,220
Health Insurance	EUR 70 / INR 6,220
Rent	EUR 300 / INR 26,670
Groceries	EUR 200 / INR 17,780
Study material	EUR 30 / INR 2,670
Recreation	EUR 70 / INR 6,220
Transport	EUR 80 / INR 7,110
Wi-Fi and telephone charges	EUR 33 / INR 2,930

Also, Read Germany Living Cost for International Student

Available Scholarships to Study MBA in Germany

Scholarships work as an unburdening factor of the burdening tuition fees and living expenses. Below are the most popular scholarships for MBA aspirants in Germany.

Scholarship	Awarded Amount
Deutschland Stipendium	This fund provides monetary and non-material provisions to deserving students from across the globe. The German government, private organizations, or public-private partnership firms provide it. Funding is generally granted for at least two semesters. Later, it can be extended until the completion of studies. Amount/Benefit: EUR 150 / INR 13,330
Heinrich Böll Scholarships	This scholarship validates German and international students. Eligible students get EUR 750 / INR 66,670 per month for Masters.
Marie Skolodowska-Curie Actions	MSCA offers four types of scholarships for researchers from different academic disciplines or students from all nationalities to promote research and innovation and to advance partnerships among the leading institutions worldwide. Amount/Benefit: EUR 3,000 / INR 2,66,670 per month plus EUR 600 / INR 53,330 per transport allowance.

Suggested: MBA Scholarships in Germany

MBA in Germany Without GMAT or Work-experience: Is it Possible?

Yes, it is possible to pursue your MBA in Germany without a GMAT or work experience!

Here is the list of the best universities in Germany that offer specific MBA courses without the requirement of prior work experience or GMAT:

Without Work Experience	Without GMAT
Technical University of Munich	Technical University of Munich
Ludwig Maximilian University Munich	Reutlingen University
University of Kiel	University Of Kiel
University of Tubingen	University Of Tubingen
University of Ulm	Berlin School of Economics and Law

Different programs at the same university may have different requirements. Therefore,  it is essential to check the requirements for each course individually at the university’s official website.

Job Scope After MBA in Germany

International students pursue education in Germany for numerous reasons, with its robust economy and job prospects being two of the top reasons. German universities have reported that MBA graduates find employment within three months, with an average income of at least EUR 55,000 or INR 48,86,470. No wonder, Germany has been listed as one of the top ten countries to pursue an MBA from in QS Top MBA Rankings.

Suggested: MBA Salaries in Germany 

Here is a rundown of the highly lucrative MBA career options alongside the average salaries:

Job Title	Average Annual Base Pay
Business Development Manager	EUR 73,305 / INR 65,14,750
Product Manager	EUR 60,000 / INR 53,32,310
Marketing Manager	EUR 60,000 / INR 53,32,310
Operations Manager	EUR 53,196 / INR 47,27,630

From the Desk of Yocket

Germany's MBA program is gaining prominence. This is due to several factors like its affordable tuition, renowned faculty, rigorous curriculum, and more. Due to its stable economy and welcoming environment, Germany is a goldmine for international students pursuing their MBA degrees and seeking employment there.

However, choosing a suitable university among the several competing private and public universities takes extensive research. Hence, if you require assistance in your hunt for a better future, consider reaching out to our Yocket experts. They will provide end-to-end assistance to you, right from finding an MBA course and university based on your goals and requirements to applying to the universities and for visas. So, what are you waiting for? Schedule A FREE Video Consultation Call Today!