MBA in Germany : MBA in Germany Requirements, Cost, Top Colleges & More Image
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MBA in Germany : MBA in Germany Requirements, Cost, Top Colleges & More

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Yocket Editorial Team
25 mins read
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Germany is fast becoming one of the top destinations for students wanting to pursue higher studies. The world-class technology, research avenues and affordable education are some of the many reasons for it being the preferred choice. While engineering remains the top choice amongst students, management courses are also gaining prominence in the business world. For instance, pursuing Germany MBA has become a popular choice amongst international students globally.  Students wanting to pursue a management degree after their bachelor’s may want to consider Germany as a choice. The top contributing factors are good academic excellence, affordable MBA in Germany cost, simple MBA in Germany eligibility, etc Therefore, in this blog  we will help you know all about MBA in Germany requirements, cost, best colleges, admission process and more.

Table of Contents:

  1. Why Study MBA in Germany?
  2. Top MBA Colleges in Germany
  3. MBA in Germany Requirements, Eligibility & Admission Process
  4. Cost of Studying MBA in Germany : Fees & Scholarships
  5. How To Pursue MBA in Germany without GMAT or Work-experience?
  6. Job Outlook After MBA in Germany
  7. Frequently Asked Questions About MBA/ MIM in Germany

Why Study MBA in Germany?

Let us begin by understanding why you must consider Germany as a choice for MBA:

  • Unique course structure: When compared to MBA programs in other parts of the world, Germany offers innumerable opportunities for practical experience and personal electives within the course structure.
  • Research experience: MBA courses in Germany are highly research-oriented study programs so you’ll get exposed to different real-life experiences in order to hone your critical thinking and decision-making skills.
  • Flexibility: Most universities in Germany for MBA offer the freedom to choose between completing the course full time or part time. Thus based on this choice students can easily pursue Germany MBA as well as cater to the Germany MBA fees structure.
  • Future Employability: The German economy is one of the largest in Europe. Students graduating from MBA schools here have options to explore employment opportunities in some of the best multinational companies. MBA is among the top 3 highest-paying degrees in Germany.
  • Affordability: At some of the public universities in Germany, you can study MBA at no tuition cost at all. However, the best MBA colleges are private and may charge a fee for their MBA programs. Having said that, pursuing MBA in Germany is still cheaper than in the UK or the USA. The country is home to multiple MBA colleges in Germany that have catered to the budget needs of different types of international students

SUGGESTED: Take a look at the top Private & Public MBA Colleges in Germany

Top MBA Colleges in Germany

The list for the best MBA colleges in Germany is of course endless. To help you skim down to the best options, we have curated a list of top business schools in Germany.

  1. Berlin School of Business and Innovation (BSBI)

It is the very best business school in Germany. It primarily offers two kinds of MBA programs. These programs focus on developing business skills and preparing the candidate for working on an international scale. By pursuing a Global MBA, students have the liberty to  seek out business opportunities across the globe while also managing the complexities of the same. Another popular reason why BSBI is a popular choice amongst international students is due the affordable Germany MBA fees it offers when compared to other universities.

University Type

Private

Location

Berlin

Tuition Fees

9000 EUR a year

Popular Programs

MBA

Global MBA

 

  1. GISMA Business School

GISMA offers two MBA programs.  The programs focus on building skills in management,strategic organisation, operations and business control. GISMA is among the best of MBA universities in Germany, providing flexibility in its MBA program. One can either do a full time 1 yr MBA in Germany on campus, or a 2-year part-time course at Potsdam or an Online MBA.

University Type

Private

Location

Berlin-Potsdam

Tuition Fees

18000 EUR a year

Popular Programs

Global MBA

Grenoble MBA

 

  1. University of Mannheim

The Mannheim Business School offers Full-Time MBAs under two different programs. If you are looking for a public university in Germany for MBA, this is one of the best choices.  The course is internationally reputed and students get a chance to gain exposure to learning the best management skills.

University Type

Public

Location

Mannheim

Tuition Fees

39,900-45,500 EUR

Popular Programs

Global Full time MBA

Full time Executive MBA

 

  1. European School of Management and Technology (ESMT)

The MBA course at ESMT isis structured to have general management combined with technology, innovation and global electives. The focus is directed towards business innovation, leadership and general management. There are additional specializations offered in Strategic leadership, Managerial analytics, or Innovation and entrepreneurship. 

University Type

Private

Location

Berlin

Tuition Fees

26,00-60,000 EUR

Popular Programs

Global Full time MBA

Full time Executive MBA

Part0time MBA

Online MBA

 

  1. HHL Leipzig Graduate School of Management

HHL Leipzig is not only among the top business schools in Germany but also has global rankings. HHL has over 140 partner institutes, there is an option for double degree and you can even do a term in another country.  Statistics have shown a 93% salary increase upon graduation out of here.

University Type

Private

Location

Leipzig

Tuition Fees

27,000- 34,500 EUR

Popular Programs

Global Full time MBA

Full time Executive MBA

Part time MBA

 Related Discussion: Is MBA in Germany worth it?

MBA in Germany Requirements, Eligibility & Admission Process

The eligibility and admission requirements for MBA in Germany may vary from one university to another. However, there are certain common requirements that most MBA colleges require.

MBA in Germany Eligibility Requirements

Most Business Schools in Germany have the following admission requirements for MBA-

  • A bachelor’s degree in relevant subjects along with a 1-year master’s degree. Few universities do accept a 3-year bachelor’s degree to study MBA in Germany.
  • Valid GMAT/GRE scores may be needed by some business schools in Germany. Since most German universities only require a TOEFL score, it is possible to apply for an MBA in Germany without GMAT.
  • IELTS/TOEFL/PTE scores are needed as a proof of English language proficiency. Basic proficiency over the German Language is also preferred by the colleges.
  • Good academic scores, a minimum of 60% aggregate academic score.
  • Some universities additionally mandate an entrance exam to pursue an MBA program in Germany.
  • A Work experience of 2-5 years may be required for certain MBA programs.

Documents Required for MBA in Germany

In order to be accepted for MBA in Germany Eligibility, you need to furnish  the following documents:

  • Completed Application form of the desired University
  • Transcript of Studies to Date
  • Letter of Motivation
  • Updated Résumé
  • GMAT /GRE scores
  • IELTS / TOEFL / PTE scores
  • Entrance exams scores if required
  • Evidence of at least Four to Five Years of Work Experience ( number of years varies according to the university)
  • Passport
  • Student Health Insurance Certificate
  • Most Current Photo (as for ID)
  • German Student Visa

SUGGESTED : How to Get a Germany Student Visa?

How to apply for an MBA in Germany?

Now that you are aware of the admission requirements of the business schools in Germany, here is a quick look at the application process:

Step 1: Check requirements for MBA courses in Germany at all the universities you wish to apply for.

Step 2: Take the required aptitude tests like GMAT/GRE/IELTS/TOEFL well in advance to get the scores in advance.

Step 3: Apply online at each university’s website.

Step 4: Once and submit necessary documents. International applicants need to have their documents need to be reviewed through uni-assist.

Step 5:  Once the documents have been ratified, a final approval letter will be sent via email.

Step 6: Students may be asked to appear for an interview before the final confirmation

Cost of Studying MBA in Germany : Fees & Scholarships

An important factor to consider before deciding to pursue business studies in Germany is the cost. Therefore, let us take a quick look at the MBA in Germany cost and scholarship:

Tuition Fees

MBA in Germany cost varies by quite a large margin depending on whether one chooses a public or private university in Germany. Therefore, we have bifurcated the tuition fees for MBA in Germany into two parts Public & Private

Germany MBA Fees at Public Universities:

University

Total Tuition Fees

University of Mannheim

39,900 EUR

University of Cologne

0- 50,000 EUR

Technical University of Munich

39,000 EUR

RWTH Aachen University

30,000-40,000 EUR

Berlin School of Applied Sciences

21,000 EUR

Germany MBA Fees at Private Universities:

University

Tuition Fee per year

Berlin School of Business and Innovation

9000 EUR

GISMA Business School

18000 EUR

Munich Business School

32,000 EUR

ESMT

26,000-60,000 EUR

HHL Leipzig

34,500 EUR

Other Costs

When you are pursuing your MBA courses in Germany, tuition charges aren't the only expenses to worry about. For an international student, it is absolutely indispensable to manage their total living expenses too. Although as a new experience it all may seem daunting, a little organisation and planning well in advance goes a long way. Here is a monthly breakdown of your living expenses to help you out:

Particular

Cost per month

Semester social charges

70 EUR

Health Insurance

70 EUR

Rent

300 EUR

Groceries

200 EUR

Study material

30 EUR

Recreation

70 EUR

Transport

80 EUR

Wifi and telephone charges

33 EUR

Therefore, the monthly expenses total up to about 850 euros if one includes the semester charges

RECOMMENDED: A detailed breakdown of Germany Living Cost for International Student

MBA Scholarships in Germany

In order to cope up with the expenses, there are scholarships for students. Some of the most important ones are:

  1. DAAD (Deutscher Akademischer Austauschdienst) Scholarships: DAAD stands for ‘The German Academic Exchange Service’ in English. Numerous scholarships are offered to pursue both studies and research projects.
  2. ERASMUS+ scholarships remain valid for students from all over the world who wish to apply to multiple universities all over Europe.
  3. Heinrich Böll Scholarships for International Students: This scholarship is valid for both German and international students. Eligible students get €750 per month for Masters.
  4. Marie Skolodowska-curie actions: MSCA offers four types of scholarships for researchers from different academic disciplines or students from all nationalities to promote research, innovation and to advance partnerships among the leading institutions all over the world. Eligible students receive € 3000 per month plus €600 per month as transport allowance.
  5. Deutschland Stipendium: This fund provides monetary and non-material provision to deserving students from across the globe. Students receive a scholarship worth €150 per month, provided by the German government, private organisations or public-private partnership firms. Funding is generally granted for at least two semesters, later it can be extended until completion of studies.

One can always explore on their own to look for scholarships that better fit their needs, their location and specific university. There are of course scholarships offered to international students by most universities offering MBA in Germany.

Related Discussion: MBA vs MS in Germany: What is better?

How To Pursue MBA in Germany without GMAT or Work-experience?

In case you’ve been wondering about whether you can pursue your MBA in Germany without GMAT or work experience, it is absolutely possible!

Here is the list of the best universities in Germany that offer certain MBA courses without the requirement of prior work experience or GMAT:

Without Work Experience

Without GMAT

Different programs at the same university may have different requirements, therefore,  it is important to check the requirements for each course individually at the university’s official website.

Job Outlook After You Study MBA in Germany

Recently, Germany has turned into a pool for MBA students. It's more or less stable economy paired with the dearth of qualified local graduates makes it a treasure house for an MBA student who has just finished his course in Germany and is looking to work.

Universities in Germany have reported that their graduates with an MBA degree find a job within as early as 3 months of course completion and bag a salary of at least 55,000 Euros on average. Germany has even been ratified by QS to be among the top 10 nations for MBA salaries in the world!

Here is a quick look at the top job roles for MBA graduates along with the average salary:

Job Title

Average Annual Base Pay

Business Development Manager

73,305 EUR

Product Manager

60,000 EUR

Marketing Manager

60,000 EUR

Operations Manager

53,196 EUR

Germany is fast gaining prominence for its MBA course , all thanks to its quality of education, its international faculty, the programme’s global applicability (since most courses are MBA in Germany in English instruction)  and much more. Now that you have all the necessary information for pursuing an MBA, you can surf through your choices of the best colleges in Germany for MBA.

Frequently Asked Questions About how it is to study MBA in Germany

Ques. Is MBA expensive in Germany?

Ans. It depends on the choice of university. While public universities might charge no tuition fee at all there are private universities that charge as much as 60,000 EUR depending on the kind of MBA course pursued. Overall though, the MBA tuition charges in Germany are relatively low as compared to other countries.

 Ques. Is it good to study MBA in Germany?

Ans. It is good to study MBA in Germany if one plans to work in Germany too or work in a country where one can earn a high return on their investment. The best benefit is that you can pursue an MBA in Germany in English. Therefore, MBA courses in Germany for international students are a great choice.

 Ques. What are the available MBA programs in Germany?

Ans. Some of the top MBA courses in Germany for international students in Germany are:

  • Executive MBA
  • Global MBA
  • MBA in International Business
  • General MBA

 Ques. Which business schools offer 1 year MBA in Germany?

Ans. Some of the best schools that offer 1 year MBA in Germany are:

 

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