Cost of Studying MBA in Germany for International Students: MBA in Germany Fees & Living Costs  Image
MBA: The Why, The Whats & The Hows

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

Author_Image
Yocket Editorial Team
5 mins read
25 views

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 

  1. Overview of Cost of Studying MBA in Germany 
  2. Factors Influencing the Cost of Studying MBA in Germany
  3. Cost of MBA in Germany: Tuition Fees for International Students 
  4. Living Expenses for MBA in Germany 
  5. Pre- Arrival And Post-Arrival Expenses for MBA in Germany 
  6. Other Living Expenses to Study MBA in Germany
  7. Frequently Asked Questions about MBA in Germany Cost 

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. While public colleges in Germany have a no-tuition fee policy, private colleges offering MBA have a tuition fees of around 40,000 EUR per annum. The MBA in Germany cost comprises the following fees listed below: 

  • Tuition fees for MBA in Germany 
  • Living expenses to pursue an MBA in Germany 
  • Other living expenses 

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: 

  • Quality Education 
  • German Corporate Exposure 
  • Affordable Tuition

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

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. 

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.

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.

Suggested: 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 for MBA vary according to the tuition fees: 

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 in Germany charge tuition fees 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

Suggested: Find Top MBA Colleges in Germany without Work Experience! 

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

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

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 costs that students incur when in Germany 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

Other Living Expenses to Study MBA in Germany

Apart from the tuition fees 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. 

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. 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 

Ques. What is the MBA in Germany Cost in Indian Rupees?

Ans. An MBA in Germany cost in Indian Rupees for the best universities is roughly 10,00,000 LPA.

Ques. Is an MBA in Germany Good?

Ans. Yes, for Indian students, an MBA in Germany is a fantastic option. For an Indian student, the overall cost of education is reasonable when compared to other study abroad possibilities.

Ques. Is seeking admission in Germany tough?

Ans. No, the application process is simple. All you have to do is contact the university's foreign office, and they will assist you with the relevant procedures.

Ques. Which country is the cheapest for MBA?

Ans. Germany is undoubtedly one of the cheapest nations for MBA because it provides students with a low-cost education. Aside from the costs of education, students can apply for scholarships.

Ques. Is GMAT important for MBA in Germany?

Ans. Many universities, including Cologne Business School, and Berlin School of Economics and Law, accept applicants for MBA programmes without a GMAT score.

Related Discussions

Ask, post and discuss!

Have a question? Ask and discuss with your fellow aspirants!

Create Post

Articles you might like
View All

MBA Specializations In Demand: Top 7 Most Demanding MBA Specializations Abroad  Image
Yocket Editorial Team
8 mins read
Cost of Studying MBA in Australia: Know About MBA Fees in Australia for International Students Image
Yocket Editorial Team
4 mins read
ROI on your MBA Image
MBA: The Why, The Whats & The Hows
eye_icon 1.9k
Vibha Kagzi
2 mins read

Sign up and stay in the Yocket loop!

Get instant updates on latest articles handpicked for you and your preferences.