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MBA in Germany: Top MBA Universities in Germany, Requirements, Cost, Scholarships, Jobs & More

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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 learn all about MBA in Germany and MBA universities in Germany, along with their requirements, cost, best colleges, admission process, and more.

Table of Contents

Why Study MBA in Germany?

Let us begin by understanding why you must consider studying at MBA universities in Germany:

  • Unique course structure: When compared to MBA programs in other parts of the world, MBA in Germany for Indian students 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

Now that we are well acquainted with answer to the most common question: is Germany good for MBA?, let us move ahead and have a look at the top universities for MBA in Germany for international students:

Read: Private & Public MBA Colleges 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)
  2. GISMA Business School
  3. Mannheim Business School
  4. European School of Management and Technology (ESMT)
  5. HHL Leipzig Graduate School of Management

Let us dive deeper into these universities for MBA in Germany for Indian students one by one:

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 to the affordable Germany MBA fees it offers when compared to other universities.

University Type

Private

Location

Berlin

QS Global MBA Ranking 2022

N/A

Tuition Fees

9,000 EUR a year

712,278 INR a year

Popular Programs

MBA

Global MBA

2.  GISMA Business School

GISMA offers two MBA programs.  The programs focus on building skills in management, strategic organization, operations, and business control. GISMA is among the best 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

QS Global MBA Ranking 2022

N/A

Tuition Fees

18,000 EUR a year

1,422,210 INR a year

Popular Programs

Global MBA

Grenoble MBA

3.  Mannheim Business School

The Mannheim Business School under the University of Mannheim 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

QS Global MBA Ranking 2022

39

Tuition Fees

39,900-45,500 EUR a year

3,152,565 INR - 3,595,031 INR a year

Popular Programs

Global Full time MBA

Full time Executive MBA

MBA Scholarships in Germany

4.  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

QS Global MBA Ranking 2022

90

Tuition Fees

26,000-60,000 EUR a year

2,054,303 INR - 4,740,700 INR a year

Popular Programs

Global Full time MBA

Full time Executive MBA

Part0time MBA

Online MBA

5.  HHL Leipzig Graduate School of Management

HHL Leipzig Graduate School of Management 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. Hence, it offers one of the best top MBA in Germany for international students.

University Type

Private

Location

Leipzig

QS Global MBA Ranking 2022

121-130

Tuition Fees

27,000- 34,500 EUR a year

2,133,315 INR - 2,725,902 INR a year

Popular Programs

Global Full time MBA

Full time Executive MBA

Part time MBA

Read: 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 eligibility for MBA in Germany for Indian students 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 is another important eligibility for MBA in Germany for Indian students. 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. It is also a mandatory MBA in Germany eligibility for many universities.

Documents Required for MBA in Germany

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

  1. Completed Application form of the desired University
  2. Transcript of Studies to Date
  3. Letter of Motivation
  4. Updated Résumé
  5. GMAT /GRE scores
  6. IELTS / TOEFL / PTE scores
  7. Entrance exams scores if required
  8. Evidence of at least Four to Five Years of Work Experience ( number of years varies according to the university)
  9. Passport
  10. Student Health Insurance Certificate
  11. Most Current Photo (as for ID)
  12. German Student Visa

Now that we have covered all requirements to study MBA in Germany, let us move on to the admission process to study MBA in Germany for international students:

Read: 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

Read: Cheapest MBA Colleges in Germany

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 Per Year

University of Mannheim

39,900 EUR

3,152,565 INR

University of Cologne

50,000 EUR

3,950,583 INR

Technical University of Munich

39,000 EUR

3,081,455 INR

RWTH Aachen University

35,000 EUR

2,765,408 INR

Berlin School of Applied Sciences

21,000 EUR

1,659,245 INR

Germany MBA Fees at Private Universities:

University

Tuition Fee per year

Berlin School of Business and Innovation

9,000 EUR

711,105 INR

GISMA Business School

18,000 EUR

1,422,210 INR

Munich Business School

32,000 EUR

2,528,373 INR

ESMT

26,000-60,000 EUR

2,054,303 INR - 4,740,700 INR

HHL Leipzig

34,500 EUR

2,725,902 INR

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

5,530 INR

Health Insurance

70 EUR

5,530 INR

Rent

300 EUR

23,703 INR

Groceries

200 EUR

15,802 INR

Study material

30 EUR

2,370 INR

Recreation

70 EUR

5,530 INR

Transport

80 EUR

6,320 INR

Wifi and telephone charges

33 EUR

2,607 INR

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

Read: 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:

Scholarship Name

Awarded to

Deutschland Stipendium

This fund provides monetary and non-material provision to deserving students from across the globe. It is 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.

Amount/Benefit: 150 EUR (11,851 INR)

 

Heinrich Böll Scholarships

This scholarship is valid for both German and international students. Eligible students get €750 per month for Masters.

Amount/Benefit: 750 EUR (59,258 INR) per month

 

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.

Amount/Benefit: 3,000 EUR (237,035 INR) per month plus 600 EUR (47,407 INR) per month as transport allowance.

 

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.

Read: MBA Scholarships in Germany

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

Technical University of Munich

Ludwig Maximilian University Munich

University of Kiel

University of Tubingen

University of Ulm

Technical University of Munich

Reutlingen University

University Of Kiel

University Of Tubingen

Berlin School of Economics and Law

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

5,791,950 INR

Product Manager

60,000 EUR

4,740,700 INR

Marketing Manager

60,000 EUR

4,740,700 INR

Operations Manager

53,196 EUR

4,203,105 INR

Read: MBA Salary in Germany

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. For further guidance and assistance, do connect with our Yocket Professionals.

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Frequently Asked Questions About 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 MBA in Germany worth it?

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: