Germany is one of the top countries for an MBA. Affordable MBA fees in Germany make it a favorable destination for international students. The average cost of studying for an MBA in Germany can be up to INR 1.25 lakhs per annum in public universities. Before you pursue the degree, you must know how much an MBA costs in Germany. This blog discusses everything you need to know about the costs of studying for an MBA in Germany.
Key highlights of the blog:
- Tuition Costs: Average MBA fees in Germany ranges from €20,000 (INR 17,86,150) to €40,000 (INR 35,72,300)
- Cost of an MBA in Germany:
Pre-arrival costs approx: € 1,325 (INR 1,18,330)
Post Arrival cost approx: €1,200 (INR 1,07,160) / month - MBA Scholarships: HHL Future Entrepreneur Scholarship, SRH Scholarship for International Students, etc.
- Average Salary of MBA Graduate in Germany: EUR 73,484 (INR 65,58,520)
Consult with the Yocket Experts to get help with the best universities for an MBA in Germany, get admission to them, and make your study abroad journey easier.
What is the Cost of Studying an MBA In Germany?
The MBA course fees in Germany may vary considerably between different universities and by the type of program pursued. Given below are general details on the different costs incurred:
- MBA Fees in Germany: Tuition fees for MBA in Germany are mostly low or non-existent for Public Universities, while those for private ones may cost anywhere from €20,000 (INR 17,86,150) to €40,000 (INR 35,72,300) for the entire course.
- Pre-arrival Costs: These are the fees that one has to pay for applications, language tests, visa applications, health insurance, buying flight tickets, and an initial deposit to have a blocked account. Pre-arrival cost: approx. € 1,325 (INR 1,18,330).
- Post-Arrival Costs: Accommodation, health insurance, cost of living, and semester contributions. Approx. Post Arrival cost : €1,200 {INR 1,07,160} / month
Suggested: GMAT Accepting Colleges in Germany
MBA Fees in Germany at Top Universities
The MBA course fees in Germany vary according to the institution and the type of program you're applying to. Public universities do not have any tuition fees, but they have an enrollment fee of EUR 200 (INR 17,850) - EUR 1,400 (INR 1,24,960). In the case of private universities, an MBA can cost between EUR 5,000 (INR 4,46,310) and EUR 8,000 (INR 7,14,100) per annum. Check the requirements of each university and program you're interested in.
Given below are the tuition fees for top MBA colleges in Germany:
|
University Name |
Average Tuition Fees for International Students per year (in EUR) |
Average Tuition Fees for International Students per year (in INR) |
|---|---|---|
|
Mannheim Business School |
40,500 |
36,16,950 |
|
38,943 |
34,77,900 |
|
|
39,950 |
35,67,830 |
|
|
24,098 |
21,52,130 |
|
|
European Business School |
24,214 |
21,62,490 |
Suggested: Top Universities in Germany With No Application Fees
MBA Cost in Germany: Pre-arrival Expenses
Pre-arrival costs in Germany are expenses equally important in securing a place for an MBA journey in Germany and a smooth transition. The following are almost certainly the things students planning on studying MBA in Germany will want to consider:
Standard Examination Fees for MBA in Germany
You may need to take some exams to pursue an MBA in Germany. The exams and their costs are listed below:
|
Test |
Registration fee |
Total number of fee scorecards |
Cost per additional scorecard |
|---|---|---|---|
|
USD 190 (INR 15,860) |
5 |
USD 18 (INR 1,500) |
|
|
USD 190 (INR 15,860) |
4 |
USD 20 (INR 1,660) |
|
|
USD 275 (INR 22,950) |
5 |
USD 35 (INR 2,920) |
|
|
USD 213 (INR 17,780) |
4 |
USD 30 (INR 2,500) |
Student Visa Cost for Germany
The visa fees are an important aspect for any Indian student Fate brings to study in Germany. The typical German Study Visa costs around EUR 87 (INR 7,760), approximately INR 7,760. However, the amount may differ depending on the type and the validity of the visa. You can thus check the official website of the German Embassy or the Consulate in India.
Housing Deposit
In Germany, obtaining housing typically entails paying a housing deposit. The deposit is a form of assurance for landlords. In Germany, rental deposits are not standardized. But, the German Civil Code limits them to at most three months' rent. This pertains to the "cold rent," excluding utilities and other costs.
Living expenses form a significant portion of the total fees for an MBA in Germany. International students typically spend EUR 1,000 (INR 89,260) to EUR 1,500 (INR 1,33,890) monthly. The amount varies with their chosen standard of living in Germany.
Travel Expenses to Germany
Travel expenses to Germany are very important when one desires to take a trip to this country. The knowledge about the costs expected to be incurred will help in effective budgeting and ensure smooth travel. Careful consideration and planning are required when maneuvering travel expenses to Germany. By flight, for instance, it ranges from about EUR 392 (INR 34,990) to EUR 896 (INR 79,980).
Summarising all the pre-arrival costs incurred when pursuing an MBA in Germany:
|
MBA in Germany Expenses |
Pre-arrival Cost Incurred (in EUR) |
Pre-arrival Cost Incurred (in INR) |
|---|---|---|
|
Application Fees |
112 |
9,990 |
|
Examination Fees |
213 |
17,780 |
|
Visa Fees |
87 |
7,760 |
|
Housing Deposit |
1,000 |
89,260 |
|
Travel Expenses |
392 |
34,990 |
MBA Cost in Germany: Post-arrival Expenses
The critical key for planning an MBA in Germany is post-arrival costs. It is an essential key aspect for prospective students. You need to navigate these post-arrival costs in Germany as they cover accommodation, living, and academic materials. Living expenses are a big part of getting an MBA in Germany. The exact amount depends on your chosen standard of living. The living expenses for an MBA in Germany have been tabulated below:
|
MBA in Germany Expenses |
Post-arrival Cost Incurred (in EUR) |
Post-arrival Cost Incurred (in INR) |
|---|---|---|
|
Accommodation |
400 - 700 |
35,690 - 62,470 |
|
Transportation |
200 |
17,840 |
|
Study Materials |
50 |
4,460 |
|
Health Insurance |
104 |
9,280 |
|
Food |
200 - 268 |
17,840 - 23,910 |
|
Social Activities |
100 - 150 |
8,920 - 13,380 |
|
Miscellaneous |
200 - 300 |
17,840 - 26,770 |
Suggested: Cheapest MBA colleges in Germany
MBA Scholarship Opportunities for Indian & International Students
There are plenty of different MBA scholarship opportunities available for Indian and International students looking to study in Germany. Some of the notable ones include:
|
Scholarship |
University |
Award |
|
HHL Future Entrepreneur Scholarship |
Leipzig Graduate School of Management |
25% tuition fee waiver |
|
MBA Scholarships |
Munich Business School |
Up to EUR 4,000 (INR 3,57,000) |
|
Women in Business Scholarship |
ESMT Berlin |
EUR 5,000 (INR 4,46,250) |
|
SRH Scholarship for International Students |
SRH: Berlin University of Applied Sciences |
50% first-year tuition fee waiver |
|
British Council IELTS Awards |
Government of Germany |
EUR 3,000 (INR 2,67,750) to EUR 10,000 (INR 8,92,510) |
Part-time Jobs and Salaries for MBA Students in Germany
Germany allows international students to work up to 120 full days per year. There are a variety of part-time jobs to help students finance living expenses and gain valuable work experience in Germany. Some of the part-time jobs and salaries are mentioned below:
|
Job Roles |
Average Salary (EUR)/ hour |
Average Salary (INR)/ hour |
|---|---|---|
|
Research Assistant (RA-ship) |
14 |
1,250 |
|
Library Assistant |
10 |
890 |
|
Administrative Assistant |
12 |
1,070 |
|
Hospitality Staff |
9 |
810 |
How to Save Money as an MBA Student in Germany?
Save on accommodation by living off-campus or in shared spaces. Consider dorms or hostels. Explore services like KC Overseas Education for cheap housing.
- Public transport: Save on travel expenses by creating a frequent flyer account. It also helps you with travel insurance.
- Discounts for Students: Get your ISIC card and enjoy student discounts for different activities, public transport, museums, and more. Make the most out of these discounts to lighten your financial burden.
- Cook your meals: You can save a lot of money by cooking and avoiding frequent meals outside.
- Second-hand study materials: Buy second-hand textbooks and study materials. Make full use of university libraries, and seek seniors' advice on how to get affordable study resources.
From the Desk of Yocket
Financial planning for most students runs deep when studying for an MBA in Germany, both before arriving and after that. An understanding of the economic landscape of the country is very important for you to have a seamless transition from application fees down to accommodation and tuition fees. Our comprehensive assistance at Yocket helps students make informed decisions before embarking on their journey to do an MBA from Germany.
At Yocket, our experts provide individualized support and heed your requirements to guide you further on overseas education. From the application for a student visa to living expenses, our counselors shall guide you at every step so that you confidently make the right decisions and turn your dreams of academic excellence into reality.
