An MBA in Finance in Germany offers an excellent opportunity to gain a world-class education in one of Europe’s leading economies. Students benefit from Germany’s strong finance industry and its extensive network of global business connections. In this blog, we will cover everything related to studying finance through an MBA in Germany, including top universities, eligibility criteria, and the cost of living and study expenses.
Key Highlights:
- Top german universities for an MBA in Finance include Mannheim Business School, Frankfurt School of Finance and Management, WHU (Otto Beisheim) with fees ranging from 33 lakhs to 20 lakhs annually.
- Eligibility for MBA programs in Finance in Germany requires a bachelor's degree plus a one-year master's degree.
- The monthly cost of living and studying for an MBA in Finance in Germany is 902 EUR (Rs 74,230), totaling approximately 10,826 EUR (Rs 8,90,760) per year.
For complete guidance on selecting the top universities, understanding eligibility criteria, and managing the cost of living and studying for an MBA in Finance in Germany, consider joining Yocket Premium. Our expert support will help through your application process and maximise your chances of securing admission to prestigious institutions.
Why Study an MBA in Finance in Germany?
For international students, Germany is one of the most popular locations. Quality education and several bachelor's and master's programmes taught in English are available at German universities. The majority of study programs are likewise free for all international students.
Following an MBA, there are a variety of job prospects in Germany. MBA in Finance colleges in Germany allows better exposure and prepares students for corporate world challenges. Germany is one of the most sought-after locations for MBA study globally, with state-of-the-art infrastructure, world-class facilities, and no tuition costs. Most government-funded colleges in Germany do not charge tuition to students pursuing a Master of Business Administration (MBA). After completing an MBA in Finance, you will get a promising job in Germany to help you pay your bills.
5 Best MBA in Finance Colleges in Germany: Pubic & Private Universities
MBA Finance colleges in Germany offer a variety of MBA programs, including Executive, Online, and International MBAs. According to the QS Global Ranking 2025, six German business schools are among the top 73 full-time MBA programs in Europe. The following are the top-ranked German universities for an MBA in Finance with their QS world rankings 2025 & tuitions fees:
- Frankfurt School of Finance and Management
- Mannheim Business School
- WHU (Otto Beisheim)
- HHL Leipzig Graduate School of Management
- EU Business School
|
Name of the University |
QS World Ranking 2025 |
Fee in EUR Annually |
Fee in INR Annually |
|---|---|---|---|
|
Mannheim Business School |
487 |
40,500 |
33,32,707 |
|
Frankfurt School of Finance and Management |
309 |
38,943 |
32,04,583 |
|
WHU-Otto Beisheim Graduate School of Management |
150 |
39,951 |
32,87,530 |
|
European School of Management & Technology (ESMT) |
63 |
24,098 |
19,83,002 |
|
European Business School |
141 |
24,214 |
19,92,547 |
Suggested: Best MBA Colleges in Germany
MBA in Finance in Germany: Eligibility Criteria & Admission Requirements
There are two types of universities in Germany: public and private. In Germany, each university has its own set of MBA eligibility requirements. In Germany, an MBA can be obtained without prior work experience, unlike in many other nations where prior work experience is required. Since German colleges are not controlled by a central organisation, MBA requirements in Germany are fairly diverse. The generalised eligibility criteria are mentioned below:
- Bachelor's Degree: A bachelor's degree in relevant areas is equivalent to a German bachelor's degree; it could be a 4-year degree or a 3-year degree with a 1-year master's degree.
- Valid GMAT/GRE/IELTS/TOEFL score: Each university accepts various exam scores. It is feasible to apply for an MBA in Germany without taking the GMAT because most German colleges just demand a valid TOEFL score.
- Germany Language Skills: Basic German is recommended. While most MBA programs are offered in English, having some proficiency in German is advantageous.
- Work Experience: At least 1-3 years of professional working experience is prefrred.
There are no guidelines for determining if an applicant qualifies for an MBA in Finance in Germany because different universities and programmes have varying requirements. Another popular and versatile degree for seasoned professionals is the Executive MBA in Finance, which is available in Germany. This MBA is mostly funded by employers and requires at least two years of prior work experience.
What is the Cost of Studying MBA in Finance in Germany for Indian Students?
Germany is one of Europe's most cost-effective nations. Your monthly expenses as an Indian student studying MBA in Finance in Germany will be roughly 902 EUR/ Rs 74,230 annually. With this monthly spend, your yearly cost of living in Germany as an international student will be around 10,826 EUR/ 8,90,760 INR. Some of the expenses incurred by students are listed as below:
|
Types of Costs |
Cost per month (in EUR) |
Cost per montn (in INR) |
|---|---|---|
|
Accommodation |
400 |
32912 |
|
Transportation |
200 |
16456 |
|
Study Materials |
50 |
4114/ |
|
Health Insurance |
104 |
8474 |
If you are pursuing an MBA in Germany, the expenses will vary depending on the institute you attend. Presently, the fee is around 30K EUR/ Rs 2469174. Each university has its own set of fees. Students at public universities who do not charge tuition only have to pay a semester fee of roughly 500 EUR/ Rs 41152 per semester.
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Scholarships for MBA in Finance in Germany
Scholarships help international students who want to pursue an MBA in Finance at a German university because they can cover all or part of their tuition costs. The following are some of the top MBA scholarships in Germany for Indian and international students:
|
Name of the Scholarship |
Eligibility |
Award Amount |
|---|---|---|
|
Semester Scholarships for Students of Indian Institutes of Management (IIM)
|
Students of IIM Ahmedabad, Bangalore, Indore, Kolkata, Kozhikode, Lucknow, or Udaipur in the second year of their postgraduate study
|
750 EUR / 61,729 INR Health, accident and liability insurance cover
|
|
Master’s Scholarships for Public Policy and Good Governance (PPGG)
|
Graduates with a strong academic record who want to pursue a master's degree in a field that is particularly relevant to their native country's social, political, and economic growth. |
750 EUR / 61,729 INR (monthly)
|
|
Central Sector Scheme of National Overseas Scholarship
|
Indian students with good academic records |
35956 EUR / 2959388 INR
|
|
Friedrich Ebert Foundation: Scholarship for International Students
|
Students who have been accepted to a German Higher Education Institute and have an outstanding academic record are eligible to apply for the award. |
670 EUR / 55144 INR
|
Average Salary & Jobs After MBA in Finance in Germany
Germany is a hotspot for MBA specialists, thanks to its state-of-the-art infrastructure and expanding need for Business Management professionals. For those interested in MBA finance jobs and salary prospects, Germany offers quite a promising landscape. Students can also take up part-time jobs while studying. Working part-time as a student in Germany can earn you a minimum wage of 9.19 EUR/Rs 781.35 per hour, though this amount varies depending on the city you live in and the type of job you have. For detailed information on specific recruiters and Payscale, you can explore various job portals and company reviews.
|
Job Position |
Company |
Annual Salary in Euros |
Annual Salary in INR |
|---|---|---|---|
|
Consultant |
Siemens |
79,000 |
7,249,154 |
|
Finance Manager |
BMW |
127,000 |
11,653,704 |
|
Project Manager |
Deutsche Bank |
83,000 |
7,616,200 |
|
MIS Executive |
Porsche |
85,000 |
7,799,723 |
From the Desk of Yocket
German colleges for MBA in Finance are research-based universities that seek to equip you with the information and skills necessary for success in the job market. Pursuing MBA in Finance from Germany will give a promising career opportunity in the financial market and job security. Connect with Yocket Professionals to smooth your process of applying to B schools in Germany.
