Cheapest and most affordable MBA colleges in Germany in 2024 offer a unique opportunity for students to gain high-quality education. Several universities and business schools in Germany provide affordable MBA options, making it easier for students to pursue advanced degrees without any significant debt. In this blog you will learn about some of the most cost-effective MBA colleges in Germany for 2024.
Key Highlights of the Blog:
- The cheapest MBA colleges in Germany are Technical University of Munich and RWTH Aachen University offer top-notch MBA programs with competitive salaries.
- Germany features some of Europe’s most affordable MBA programs, with tuition fees beginning at approximately EUR 15,000 (INR 13,74,825).
- Germany has a strong economy which makes it attractive for Indian students, and they can get jobs in Siemens, BMW etc.
Explore the best MBA opportunities in Germany with Yocket Premium. Unlock top programs, affordable options, and career prospects at leading German universities get personalised guidance, application support, and expert advice for your MBA journey.
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Table of Contents: |
10 Most Affordable and Cheapest MBA Colleges in Germany
Germany is home to many prestigious universities known for their academic excellence and diverse programs. These schools offer great opportunities for learning and career growth. Here are the top 10 universities in Germany:
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Rankings 2025 |
University |
Avg Tuition Fees |
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1 |
INR 11L (€ 12,000) |
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2 |
INR 16L (€ 18,000) |
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3 |
INR 17.7L (€ 19,600) |
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4 |
INR 19.5L (€ 21,600) |
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5 |
INR 29L (€ 32,000) |
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6 |
INR 27L (€ 30,000) |
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7 |
INR 35L (€ 39,000) |
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8 |
INR 38L (€ 42,000) |
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9 |
INR 39L (€ 43,000) |
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10 |
INR 44L (€ 49,000) |
1. University Saarland
Located in Saarbrücken, University Saarland is a public research university known for its strong emphasis on research and interdisciplinary studies. It offers a range of undergraduate, graduate, and doctoral programs across various fields.
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University Type |
Public |
|
Popular Programs |
Computer Science, Engineering, Law, and International Relations |
|
Average Salary |
Around INR 20.27 lakhs per annum |
|
ROI (Return on Investment) |
84.27% |
2. GISMA Business School
GISMA Business School is located in Hannover and offers a range of business-oriented programs with a strong focus on international business and management.
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University Type |
Private |
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Popular Programs |
MBA, International Business, and Management |
|
Average Salary |
Approximately INR 63.30 lakhs per annum |
|
ROI (Return on Investment) |
295.63% |
3. University of Bayreuth
Situated in Bayreuth, this public university is known for its innovative research and interdisciplinary approach, particularly in the humanities and social sciences.
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University Type |
Public |
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Popular Programs |
Law, Economics, and Environmental Sciences |
|
Average Salary |
Around INR 17.08 lakhs per annum for graduates |
|
ROI (Return on Investment) |
0.06% |
4. SRH Berlin University of Applied Sciences
SRH Berlin offers applied sciences programs with a focus on practical experience and international perspectives in various fields.
|
University Type |
Private |
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Popular Programs |
International Business, Marketing, and Finance. |
|
Average Salary |
Approximately INR 18.57 lakhs per annum |
|
ROI (Return on Investment) |
-4.77% |
5. Munich Business School
Located in Munich, this private institution specialises in business education and offers programs with a strong international and practical orientation.
|
University Type |
Private |
|
Popular Programs |
MBA, International Business, and Digital Business |
|
Average Salary |
Approximately INR 74.13 lakhs per annum |
|
ROI (Return on Investment) |
155.17% |
6. RWTH Aachen University
A leading public research university in Aachen, known for its strong engineering and technology programs, as well as its research output.
|
University Ranking |
120 in the QS World University Rankings |
|
University Type |
Public |
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Popular Programs |
Engineering, Computer Science, and Natural Sciences |
|
Average Salary |
Approximately INR 1.34 Cr. per annum |
|
ROI (Return on Investment) |
396.3% |
7. Technical University of Munich
One of Germany’s top public universities, located in Munich, renowned for its research and programs in engineering, technology, and business.
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University Ranking |
50 in the QS World University Rankings |
|
University Type |
Public |
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Popular Programs |
Engineering, Computer Science, and Business Administration |
|
Average Salary |
Around INR 89.89 lakhs per annum |
|
ROI (Return on Investment) |
156.83% |
8. Frankfurt School of Finance & Management
Located in Frankfurt, this private business school is known for its finance and management programs and strong industry connections.
|
University Type |
Private |
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Popular Programs |
Finance, Management, and MBA |
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Average Salary |
Approximately INR 96.31 lakhs per annum |
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ROI (Return on Investment) |
153.45% |
9. WHU-Otto Beisheim School of Management
A private business school in Vallendar known for its strong focus on management and leadership education, and its international orientation.
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University Type |
Private |
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Popular Programs |
MBA, Business Administration, and International Business |
|
Average Salary |
Approximately INR 60.71 lakhs per annum |
|
ROI (Return on Investment) |
55.67% |
10. ESMT Berlin
Located in Berlin, ESMT is a private business school known for its emphasis on leadership, innovation, and global business education.
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University Ranking |
140 in the QS World University Rankings |
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University Type |
Private |
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Popular Programs |
MBA, Executive Education, and Management |
|
Average Salary |
Approximately INR 71. 74 lakhs per annum |
|
ROI (Return on Investment) |
63.05% |
What is the Cost of an MBA in Germany?
The average cost of studying an MBA in Germany is EUR 30,000 (INR). This is lesser compared to other top European countries. More details about the cost of studying MBA in Germany is discussed below:
- Tuition Fees: Range from EUR 15,000 to EUR 40,000 (INR 13,74,300 to INR 36,64,800) for the entire program.
- Living Expenses: Approximately EUR 10,000 to EUR 12,000 (INR 9,16,200 to INR 10,99,440) per year, covering accommodation, food, transportation, and other daily expenses.
- Health Insurance: EUR 80 - 100 per month (INR 7,330 - 9,160) mandatory for all students.
- Study Materials: EUR 500 - 1,000 per (INR 45,810 - 91,620) year books, supplies, etc.
- Student Fees: EUR 100 - 300 per semester (INR 9160 - 27480) covers administrative costs, public transport, etc.
- Visa and Residence Permit: EUR 100 - 150 (INR 9160- 13740) one-time application fee
- Miscellaneous Expenses: EUR 200 - 300 per month (INR 18320 - 27490) entertainment, travel, personal needs.
Why Pursue MBA in Germany?
Studying for an MBA in Germany can be a strategic choice for gaining a world-class education, enhancing career prospects, and experiencing life in one of Europe's most dynamic countries.
- Affordable Education: Many German MBA programs offer high-quality education at a fraction of the cost compared to other countries.
- Strong Economy: Germany has a strong economy with numerous job opportunities in various sectors, especially for MBA graduates.
- Global Recognition: German universities are well-regarded globally, and an MBA from Germany is highly respected by employers worldwide.
- Diverse Environment: Studying in Germany provides exposure to a diverse cultural environment, enhancing personal and professional growth.
- Research and Innovation: Germany is a leader in innovation and technology, offering MBA students opportunities to engage in top-notch research and development.
From the Desk of Yocket
An MBA in Germany offers affordable, high-quality education at top institutions like the Technical University of Munich and RWTH Aachen University. With free education in public universities, diverse program options and strong career prospects, Germany is a great choice for your MBA.
If you are planning for an MBA in Germany, consider scheduling a free consultancy call with Yocket’s study-abroad experts. Feeling overwhelmed by the many MBA options in Germany? Unsure which program is the best fit for you?. Let us help you navigate your MBA journey with confidence!
