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Cost of Studying MBA in Germany for International Students: MBA in Germany Fees & Living Costs

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Sumeet Jain
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Home to a diverse array of religions, customs, and traditions that make up the rich national psyche, Germany attracts numerous international students to pursue MBA. State-of-the-art infrastructure, world-class facilities, and almost no tuition fees, together make Germany an ideal destination to pursue an MBA. The cost of studying MBA in Germany comprises Germany MBA fees, and living expenses.

 

The average fees for MBA in Germany costs around 43,067 EUR annually, which is quite affordable as compared to other B-schools around the world. So, keep reading as this blog will make you acquainted with the complete MBA in Germany cost, along with all possible things that cumulatively affect the cost of studying MBA in Germany!

Table of Contents

What is the Cost of Studying MBA in Germany?

The average cost of MBA in Germany consists of the Germany MBA college fees, along with the living cost in Germany, and other pre-arrival costs. To get an overview of the Germany MBA fees for Indian students, it is essential to sum up the tuition fees which ranges from 20,000 EUR to 40,000 EUR per annum; along with the yearly living expenses ie. 5,000 EUR to 6,000 EUR.

Therefore, the average cost of MBA in Germany can be estimated to be around 35,000 CAD to 45,000 CAD or 23,00,000 INR to 25,00,000 INR per annum.

Suggested: GMAT Accepting Colleges in Germany

Overview of Cost of Studying MBA in Germany

As an international student, you would be required to incur a lot of costs to study an MBA in Germany. There are many speculations regarding how much does it cost to study MBA in Germany. While public colleges in Germany have a no-tuition fee policy, the MBA in Germany fees at private colleges is around 40,000 EUR per annum. The MBA in Germany cost comprises the following fees listed below:

  1. Tuition fees for MBA in Germany
  2. Living expenses to pursue an MBA in Germany
  3. Other living expenses

Suggested: Cheapest MBA Colleges in Germany

Factors Influencing Overall Cost of Studying MBA in Germany

There are different aspects that may affect the Germany MBA fees. Some of the factors are:

  1. Quality Education
  2. German Corporate Exposure
  3. Affordable Tuition

Let us understand about each factor affecting the cost of doing MBA in Germany briefly:

1.  Quality Education

Germany offers some of the top schools in the world, and any student would benefit from their intensive programme. Students get practical exposure to the domain they are taking up the subject. With practical and theoretical exposure, students ought to have a good learning experience when in Germany.

2.  German Corporate Exposure

An MBA from a German university would provide you with exposure to the German corporate sector as well as access to their global network. If you want to work in a sector dominated by German corporations, this will open up a lot of doors for you. This also opens up prospects for you to work in your own country with German international firms.

3.  Affordable Tuition

The MBA courses offered at German universities are significantly less expensive than those offered in many other countries, making these degrees an excellent long-term investment. The Germany MBA fees for Indian students are affordable compared to other countries.

: Top MBA Colleges in Germany

Cost of MBA in Germany: Tuition Fees for International Students

The Germany MBA college fees for most German B-schools is free of cost, while others do have a tuition fee structure at a cheaper rate than their European counterparts. Let us understand how private and public universities in Germany differ in terms of MBA course fees in Germany:

Public Universities

In Germany, public colleges do not charge tuition fees for both domestic and international students. However, these colleges charge students an administrative or semester fee that is relatively cheap, costing around 111-275 EUR (around 9,600-23,780 INR) per semester.

Private Universities

In contrast to public institutions, which are sponsored by the government, private universities charge MBA tuition fees in Germany for all potential programmes. The cost of doing MBA in Germany at a private university varies depending on the course and institution. The typical cost of an MBA programme at such a university might range from 30,000 EUR to 50,000 EUR (roughly 25,93,700 -43,22,800 INR).

Given below is the tuition fees for MBA in Germany for some top B-schools:

University

Average Tuition Fees for International Students/ year (in EUR)

Average Tuition Fees for International Students/ year (in INR)

Mannheim Business School

40,500

33,32,707

Frankfurt School of Finance and Management

38,943

32,04,583

WHU-Otto Beisheim Graduate School of Management

39,951

32,87,530

European School of Management & Technology (ESMT)

24,098

19,83,002

European Business School

24,214

19,92,547

: Find Top MBA Colleges in Germany without Work Experience!

Confused if you’ll score your dream B-School in Germany? Know how well you stand a chance with Yocket’s College Finder Tool!

Now that we have covered Germany MBA colleges fees, let us have a look at the cost of living:

Living Expenses for MBA in Germany

Living expenses contribute another important chunk of the overall fees for MBA in Germany. As an international student you can expect an average living expense of 1,000 EUR to 1,500 EUR per month depending on your standard of living in Germany.

The living expenses for MBA in Germany have been tabulated below:

Expenses

Cost (in EUR)

Accommodation

400-700

Transportation

200

Study Materials

50

Health Insurance

103.94

Food

200-270

Social Activities

100-150

Miscellaneous

200-300

Recommended: Total Cost of Studying Abroad in Germany

So, these were the estimated Germany MBA fees for Indian students. Now let go into more details and explore the pre-arrival MBA from Germany fees and post arrival MBA fees in Germany for Indian students:

Pre- Arrival And Post-Arrival Expenses for MBA in Germany

Let us now briefly discuss the pre-arrival and post arrival costs to pursue an MBA in Germany.

Pre-Arrival Costs

Before a student decides to pursue an MBA at a German university, he or she must take a number of competitive tests in order to be considered for admission to those schools.

Given below are some of the pre-arrival expenses incurred for an international student willing to study in Germany:

Expenses

Cost (in EUR)

Cost (in INR)

IELTS

160

13,164

TOEFL

166

13,658

GRE

185

15,222

Student Visa Application

80

6,582

Admission Application

50-100

7,000

Flight Tickets (One Way)

200-300

30,000-40,000

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Post-Arrival Costs

Germany is one of the most cost-effective countries in Europe. As an international student, your yearly cost of living in Germany will be roughly 10,810 EUR to 12,000 EUR. Rent is reported to be the most expensive monthly expense for international students in Germany.

Some of the post-arrival MBA from Germany fees that students incur are:

Expenses

Cost per month (in EUR)

Cost per month (in INR)

Accommodation

400

32,912

Transportation

200

16,456

Study Material

50

4,114

Health Insurance

103.94

8,474

Check: Jobs and Salary after Pursuing MBA in Germany

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Other Living Expenses to Study MBA in Germany

Apart from the Germany MBA fees for Indian students and living expenses, there are other expenses that one must consider while studying MBA in Germany. Some of other cost of MBA in Germany for Indian students have been mentioned below:

German Student Visa

Students who intend to study in Germany must pay an extra fee, which is included in the overall MBA fees in Germany for international students. It is a required payment for overseas students, and the German student visa application costs 75 EUR and must be applied for in person. You will also have to spend roughly 110 EUR to apply for a residency visa (valid for a maximum of two years) when you arrive.

Insurance

Under the public health insurance provider, international students can get health insurance for 103.94 EUR per month, which covers basic healthcare as well as long-term care insurance in Germany.

Suggested: Know All ABout the Germany Student Visa

So, this was all about Germany fees for MBA. Germany attracts a lot of international students across the globe for many significant programs including an MBA. MBA in Germany is famous because of its high ROI, and the extremely good career opportunities it presents international students with. With affordable tuition and living costs around 10,000 EUR per year, Germany becomes an even more attractive option for international students. We hope this blog has answered all queries about how much does it cost to do MBA in Germany and related aspects.

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You can also connect with our Yocket Counsellors to know more about top MBA colleges in Germany with fees, and a lot more!

 

Frequently Asked Questions about MBA in Germany Cost

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