Tuition costs aren't the only expenses to consider when pursuing your MBA in Germany. You must also manage your living expenses. With careful planning and organization, you can handle these costs effectively.
While living expenses may vary by city and lifestyle, here's a monthly breakdown of approximate costs:
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. Listed below are some common requirements for MBA programs in Germany.
Admission Requirements of Top MBA Universities in Germany
The admission requirements for top MBA colleges in Germany typically include a combination of academic qualifications, professional experience, language proficiency, and other criteria. Below are the detailed MBA in Germany requirements for some of the leading MBA programs in Germany:
University
|
GMAT Score
|
Language Proficiency Score
|
Work Experience
|
Frankfurt School of Finance and Management
|
640
|
IELTS: 7 TOEFL: 90
|
7 years
|
ESMT Berlin
|
650
|
IELTS: 7 TOEFL: 95 PTE: 64
|
3 years
|
Saarland University
|
400
|
TOEFL: 61 PTE: 59
|
1 year
|
Reutlingen University (ESB Business School)
|
550
|
IELTS: 6.5 PTE: 62
|
2 years
|
Munich Business School
|
600
|
IELTS: 6.5 TOEFL: 85 PTE: 59
|
2 years
|
Hochschule Pforzheim
|
550
|
TOEFL: 87
|
2 years
|
GISMA Business School
|
650
|
IELTS: 6.5 PTE: 61
|
3 years
|
Technical University of Munich
|
640
|
IELTS: 6.5 TOEFL: 88 PTE: 65
|
3 years
|
WHU-Otto Beisheim School of Management
|
600
|
IELTS: 7 TOEFL: 100
|
2 years
|
RWTH Aachen University
|
600
|
IELTS: 5.5 TOEFL: 90 PTE: 61
|
2 years
|
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: A final approval letter will be emailed to the applicant when the admission committee has verified the documents.
- Step 5: Students may be asked to appear for an interview before the final confirmation.
MBA Admission Intakes in Germany
Many German universities have their primary MBA intake in the winter semester, but some also offer summer intakes, especially for international students. Always verify the deadlines for each university, as they can differ.
Intake Period
|
Application Timeline
|
Program Start
|
Winter Intake
|
April to July
|
September/October
|
Summer Intake
|
October to January
|
March/April
|
Visa Requirements for MBA in Germany
For Indian students aiming to pursue an MBA in Germany, securing the correct visa is crucial. The student visa process involves specific requirements, including proof of admission, financial stability, and more.
Indian students looking to pursue an MBA in Germany need to meet the following visa requirements:
Student Visa (National Visa - Type D)
-
Valid for more than 90 days.
-
Required Documents:
-
University admission letter from a recognized German institution.
-
Valid passport.
-
Proof of financial resources (e.g., blocked account with €11,208 for a year or scholarship).
-
Proof of health insurance.
-
Academic certificates (degree, transcripts).
-
Language proficiency proof (German or English, depending on the program).
-
Motivation letter and CV.
-
Visa application form and passport-size photos.
-
Proof of accommodation in Germany.
Post-Visa Requirements
Processing Time
Best Universities for MBA in Germany Without GMAT & Work Experience
You can pursue an MBA in Germany without a GMAT and work experience, as several German business schools either do not require the GMAT or provide alternative pathways to admission. Here is a list of the best universities in Germany that offer specific MBA courses without needing a GMAT score:
- Technical University of Munich
- Reutlingen University
- University Of Kiel
- University Of Tubingen
- Berlin School of Economics and Law
- University of Ulm
- Ludwig Maximilian University Munich
Scholarship Opportunities for Studying MBA in Germany
Scholarships are an unburdening factor of the burden of tuition fees and living expenses. Below are the most popular MBA scholarships in Germany.
Name of the MBA Scholarship
|
Scholarship Details
|
Awarded Amount (EUR)
|
Awarded Amount (INR)
|
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 offer it. Funding is generally granted for at least two semesters. Later, it can be extended until the completion of studies.
|
150
|
13,420
|
Heinrich Böll Scholarships
|
This scholarship validates German and international students.
|
750
|
67,130
|
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.
|
3600
|
3,22,260
|
Suggested: MBA Scholarships in Germany
Top Companies Hiring for MBA Graduates in Germany
Germany is home to numerous top employers seeking MBA graduates. These companies are known to actively recruit MBA graduates, offering roles across different business functions.
Name of the Sector
|
Top Recruiters
|
Average Salary in EUR
|
Average Salary in INR
|
Automotive
|
BMW, Volkswagen, Daimler, Audi, Porsche
|
EUR 50,000
|
INR 44.77 lakh |
Consulting
|
McKinsey & Company, Boston Consulting Group (BCG), Bain & Company, Roland Berger, PwC
|
EUR 110,000
|
INR 98.49 lakh |
Technology
|
SAP, Siemens, IBM, Microsoft, Amazon
|
EUR 109,000
|
INR 97.58 lakh |
Finance
|
Deutsche Bank, Allianz, Commerzbank, KPMG, EY
|
EUR 44,000
|
INR 39.41 lakh |
Manufacturing
|
BASF, Bayer, Bosch, Siemens
|
EUR 60,000
|
INR 53.72 lakh |
Healthcare
|
Bayer, Boehringer Ingelheim, Merck
|
EUR 90,000
|
INR 80.58 lakh |
Retail & E-commerce
|
Adidas, Zalando, Lidl, Aldi, Amazon
|
EUR 70,000
|
INR 62.68 lakh |
Logistics
|
DHL, DB Schenker, Lufthansa
|
EUR 47,000
|
INR 42.05 lakh |
Average Salary & Job Roles After an MBA in Germany
Universities in Germany have reported that their graduates with an MBA degree find a job within as early as 3 months of course completion and bag a salary of at least 55,000 Euros on average. QS has even ratified Germany among the world's top 10 nations for MBA salaries!
Here is a quick look at the top job roles for MBA graduates, along with the average salary:
Job Title
|
Average Annual Salary in EUR
|
Average Annual Salary in INR
|
Business Development Manager
|
73,305 EUR |
INR 65 lakh |
Product Manager
|
60,000 EUR |
INR 53 lakh |
Marketing Manager
|
60,000 EUR |
INR 53 lakh |
Operations Manager
|
53,196 EUR |
INR 47 lakh |
Suggested: MBA Salaries in Germany
High-paying MBA Specialisations to Pursue in Germany
Check out the table below to explore the most popular MBA specializations and the average salaries you can expect after graduating in Germany
MBA Specialisation
|
Average Annual Base Pay
|
MBA in Finance
|
EUR 89,000 / INR 79,56,150
|
MBA in Marketing
|
EUR 65,000 / INR 58,10,670
|
MBA in Business Analytics
|
EUR 60,000 / INR 53,63,700
|
MBA in Logistics & Operations
|
EUR 70,000 / INR 62,57,650
|
Product/Project Management
|
EUR 60,000 / INR 53,63,700
|
Human Resource Management
|
EUR 50,000 / INR 44,69,750
|
Part-Time Job Opportunities for Indian Students in Germany
International Students can work up to 120 full days or 240 half days per year without a special work permit. Indian students in Germany can work part-time to manage living expenses while gaining experience and building a professional network. These jobs not only provide financial support but also help students integrate into German culture and improve their language skills. Here are some popular job options available to students:
Student Assistant (HiWi)
Work at the university, assisting professors with research or administrative tasks. It offers relevant academic exposure.
- Assist with research or administrative duties at the university.
- Pay: €9-15/hour.
Tutoring
Teaching subjects or languages, either at university or privately, is a common and rewarding part-time job.
- Teaching subjects or languages, either at university or privately.
- Pay: €10-20/hour.
Retail or Hospitality
Students can work in cafes, restaurants, or retail stores, offering flexible schedules and decent pay.
- Work in cafes, restaurants, or shops.
- Pay: €9-12/hour.
Delivery Services
Jobs like food or package delivery are popular for their flexible hours and additional income through tips.
- Food or package delivery (e.g., Lieferando).
- Pay: €10-15/hour plus tips.
Internships
Paid internships provide practical experience in your field while contributing to your career growth.
Work Permit After MBA in Germany
Germany provides a favourable pathway for international graduates to transition from study to work and long-term settlement. International students, including Indians, can apply for a work permit to seek employment after completing their MBA in Germany.
Post-Study Work Visa (Job-Seeker Visa)
After graduation, students can apply for an 18-month residence permit to find a job in their field of study. During this period, they are permitted to take any job to support themselves.
Work Permit
Once employed in a role that matches their qualifications, students can apply for an EU Blue Card or a German work permit. EU Blue Card is issued if the salary is above a certain threshold (around €58,400/year or €45,552/year in shortage occupations like IT).
Permanent Residency
After working in Germany for 21-33 months with the Blue Card (or longer with a regular work permit), graduates can apply for permanent residency.
Types of MBA Programs in Germany
Germany offers a variety of MBA programs, including full-time, part-time, executive, and global options. Full-time MBA programs offer a deep, focused experience, while part-time and online programs are more flexible for those with jobs. Executive MBAs are designed for experienced managers, and global MBAs emphasise international business. These programs provide valuable opportunities in a vast business environment.
- Full-Time MBA: Usually spanning 1-2 years, this program is intended for individuals early in their careers or seeking a career transition. It offers comprehensive business education with internships or consulting projects integrated into the program.
- Executive MBA (EMBA): Geared towards professionals with significant work experience (usually 5+ years), the EMBA allows students to study while continuing their full-time jobs. It focuses on leadership and high-level management strategies.
- Part-Time MBA: A flexible option for working professionals that allows them to study while maintaining employment. Classes are often held in the evenings or on weekends, and programs last around 2-3 years.
- Global or International MBA: Offers a strong focus on international business practices, often including study trips or exchange programs with universities abroad. It attracts a highly diverse cohort, preparing graduates for careers in multinational companies.
- Online MBA: For those who prefer to study remotely, this program offers the flexibility to complete coursework online, allowing students to balance work, life, and education.
Why Indian Students Should Pursue an MBA from Germany?
Studying an MBA in Germany offers significant advantages for Indian students. From high-quality education and affordable tuition to strong job prospects and valuable networking opportunities, Germany offers a great setting for career growth and gaining international experience.
- High-Quality Education: Germany offers top-tier business schools with globally recognized programs, providing a strong foundation in management and business practices.
- Affordable Tuition: Compared to other Western countries, Germany has relatively low tuition fees and offers numerous scholarships and funding options.
- Strong Job Market: Germany has a robust economy with numerous job opportunities in various sectors, including automotive, finance, technology, and consulting.
- Post-Graduation Work Opportunities: Graduates can benefit from an 18-month job-seeker visa to find employment and can transition to a long-term work permit or EU Blue Card.
- Cultural and Professional Networking: Studying in Germany provides exposure to a diverse international environment and the chance to build a global professional network.
From the Desk of Yocket
Germany's MBA program is gaining prominence. This is due to its affordable tuition, renowned faculty, rigorous curriculum, and more. Due to its stable economy and welcoming environment, Germany is a goldmine for Indian 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, connect to our Yocket experts. They will provide end-to-end assistance 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!