Are you looking for an MBA in Germany?
Or do you wish to weigh your options about MBA in various countries, and then come to a final decision?
Either way, look no further. This blog will introduce you to everything you need to know about an MBA in Germany - admission process, tuition and living costs, acceptance rates, and many more. But first, let’s quickly understand why Germany is a fantastic option for you to consider.
According to the Economic Times, Germany is fast becoming one of the top destinations for international students to pursue higher studies. The world-class technology, research avenues, and affordable education are why over 4,00,000 students have chosen it as their ideal country to pursue higher education. Masters in management courses are gaining prominence for their impressive curriculum, skill development, and ROI.
Germany is a country that is sure to impress, and if you’re starting your journey to search for the best colleges in the country, try out Yocket's College Finder, which will help you choose between hundreds of German institutions, and find the best program for you!
An international MBA opens you to global opportunities; With Yocket’s expert counselors, you can find assistance through the entire process of preparing your study-abroad journey - one step at a time. Connect with us and get a FREE profile consultation right away.
Table of Contents |
Why Study MBA in Germany?
Here are 5 reasons why you should study MBA in Germany:
1. Unique course structure
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.
2. Research experience
MBA courses in Germany are highly research-oriented study programs, so you’ll get exposed to different real-life experiences to hone your critical thinking and decision-making skills.
3. Flexibility
Most universities in Germany for MBA have options between a full-time or part-time course. Thus, based on this choice, students can quickly pursue a German MBA and cater to the German MBA fee structure.
4. 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.
5. Affordability
At some of the public universities in Germany, you can study an MBA at no tuition cost at all. However, the best MBA colleges are private and may charge fees for their MBA programs. Pursuing an 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 an answer to the most common question: is Germany good for MBA, let us move ahead and look at the top universities for MBA in Germany for international students:
Suggested: Private & Public MBA Colleges Germany
Top MBA Colleges in Germany
The list of the best MBA colleges in Germany is endless. To help you skim down to the best options, we have curated a list of top business schools in Germany:
University Name |
Location |
Course Offered |
Tuition Fees |
---|---|---|---|
Berlin School of Business and Innovation (BSBI) |
Berlin |
MBA Global MBA |
9,000 EUR (INR 7,96,733.55) a year |
GISMA Business School |
Berlin-Potsdam |
Global MBA Grenoble MBA |
18,000 EUR (INR 15,93,270) a year |
Mannheim Business School |
Mannheim |
Global Full-time MBA Full-time Executive MBA |
39,900 - 45,500 EUR (INR 35,31,748.50 - INR 40,27,930.75) a year |
European School of Management and Technology (ESMT) |
Berlin |
Global Full-time MBA Full-time Executive MBA Part0time MBA Online MBA |
26,000 - 60,000 EUR (INR 23,01,597.12 - INR 53,11,680) a year |
HHL Leipzig Graduate School of Management |
Leipzig |
Global Full-time MBA Full-time Executive MBA Part-time MBA |
27,000- 34,500 EUR (INR ) a year |
Now let's learn about each of them in detail,
1. Berlin School of Business and Innovation (BSBI)
It is the 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 international work. By pursuing a Global MBA, students can seek out business opportunities across the globe while also managing the complexities of the same. Another popular reason BSBI is a popular choice amongst international students is due to the affordable German MBA fees it offers compared to other universities.
University Type |
Private |
Location |
Berlin |
Tuition Fees |
9,000 EUR (INR 7,96,733.55) a year |
Popular Programs |
|
2. GISMA Business School
GISMA Business School offers two MBA programs. The programs focus on building skills in management, strategic organisation, operations, and business control. GISMA is among the best MBA universities in Germany, providing flexibility in its MBA program. One can do a full-time 1-year MBA in Germany on campus, a 2-year part-time course at Potsdam, or an Online MBA.
University Type |
Private |
Location |
Berlin-Potsdam |
Tuition Fees |
18,000 EUR (INR 15,93,270) a year |
Popular Programs |
|
Confused about which college in Germany would be your best choice for an MBA? Here, use Yocket's College Finder to research institutions and compare them based on several metrics - tuition fees, course duration, average salary packages, and many more.
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 an 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 (INR 35,31,748.50 - INR 40,27,930.75) a year |
Popular Programs |
|
Suggested: MBA Scholarships in Germany
4. European School of Management and Technology (ESMT)
The MBA course at the European School of Management and Technology is structured to combine general management with technology, innovation, and global electives. The focus on business innovation, leadership, and general management makes it a good choice for international students. Specializations in Strategic leadership, Managerial analytics, or Innovation and entrepreneurship are also offered.
University Type |
Private |
Location |
Berlin |
QS Global MBA Ranking 2024 |
85 |
Tuition Fees |
26,000 - 60,000 EUR (INR 23,01,597.12 - INR 53,11,680) a year |
Popular Programs |
|
5. HHL Leipzig Graduate School of Management
HHL Leipzig Graduate School of Management is among Germany's top business schools and has global rankings. HHL has over 140 partner institutes, there is an option for a 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 MBAs in Germany for international students.
University Type |
Private |
Location |
Leipzig, Germany |
Tuition Fees |
27,000- 34,500 EUR (INR ) a year |
Popular Programs |
|
Read: Is MBA in Germany worth it?
MBA in Germany Eligibility & Requirements
The eligibility and admission requirements for an MBA in Germany may vary from one university to another. However, there is a specific standard eligibility for an MBA in Germany for Indian students that most MBA colleges require.
Most Business Schools in Germany have the following admission requirements for an MBA:
- A bachelor’s degree/ master’s degree in relevant subjects. Few universities accept a 3-year bachelor’s degree to study MBA in Germany.
- Some business schools in Germany may need valid GMAT/GRE scores. Since most German universities only require a TOEFL score, applying for an MBA in Germany without a GMAT is possible.
- IELTS / TOEFL / PTE scores as proof of English language proficiency is another essential eligibility for MBA in Germany for Indian students. The colleges also prefer basic proficiency in the German Language.
- An aggregate score of 60% in UG/ PG.
- Some universities additionally mandate an entrance exam to pursue an MBA program in Germany.
- Work experience of 2-5 years for specific MBA programs. It is also a mandatory MBA in Germany, with eligibility for many universities.
Need more information on gathering the correct documents for your application? Connect with Yocket, and we’ll guide you through the entire process.
Documents Required for MBA in Germany
To pursue an MBA in Germany, you need to require the following documents:
- Completed Application form for the desired University
- Transcript of Studies to Date
- Letter of Motivation
- Updated Résumé
- GMAT/GRE scores
- IELTS / TOEFL / PTE scores
- Entrance exam 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
One of the most crucial requirements of studying in Germany as an international student is to provide your IELTS score. Check out this blog to learn more about the IELTS examination
You may also like How to Get a German 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 step-by-step application process:
- Check the requirements for MBA courses in Germany at all the universities you wish to apply to.
- Take the required aptitude tests like IELTS/TOEFL or the university’s admission tests, Apply online at each university’s website.
- International applicants need to have their documents need to be reviewed through uni-assist.
- Once the documents have been verified by the admission committee, a final approval letter will be emailed to the applicant.
- Students may be asked to appear for an interview before the final confirmation.
Also, Read Cheapest MBA Colleges in Germany
Cost of Studying an MBA in Germany: Fees & Other Costs
Cost is an essential factor to consider before pursuing business studies in Germany. Therefore, let us take a quick look at the total cost of an MBA program for international students, and the scholarships available:
Tuition Fees at Public Universities in Germany for MBA:
The cost of an MBA in Germany 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 an MBA in Germany into two parts: Public and Private.
University |
Total Tuition Fees Per Year |
---|---|
39,900 EUR (INR 35,53,593.46) |
|
50,000 EUR (INR 44,53,124.63) |
|
39,000 EUR (INR 34,58,833.19) |
|
35,000 EUR (INR 31,05,927.27 INR) |
|
21,000 EUR (18,63,556.36 INR) |
Tuition Fees at Private Universities in Germany for MBA:
University |
Tuition Fee per year (EUR) |
Tuition Fee per year (INR) |
---|---|---|
€9,000 |
₹711,105 |
|
€18,000 |
₹1,422,210 |
|
€32,000 |
₹2,528,373 |
|
€26,000 - €60,000 |
₹2,054,303 - ₹4,740,700 |
|
€34,500 |
₹2,725,902 |
Other Costs
Tuition charges aren't the only expenses to worry about when pursuing your MBA courses in Germany. It is also indispensable for international students to manage their total living expenses. Although as a new experience, it all may seem daunting, a little organization and planning well in advance go 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 (6,213.48 INR) |
Health Insurance |
70 EUR (6,213.48 INR) |
Rent |
300 EUR (26,629.20 INR) |
Groceries |
200 EUR (17,749.97 INR) |
Study material |
30 EUR (2,662.50 INR) |
Recreation |
70 EUR (6,213.48 INR) |
Transport |
80 EUR (7,099.99 INR) |
Wi-Fi and telephone charges |
33 EUR (2,928.75 INR) |
Therefore, the monthly expenses total up to 850 euros if one includes the semester charges.
Worried about colossal tuition fees? Don’t get concerned; we have your back. Yocket has information on the finest Education loans.
Yocket Finance is a one-stop solution for your finances, where you can see the simple Roadmap To Your Loan Approval, and we have collaborations with many Indian banks, international lenders, and Non-Banking Finance Corporations (NBFC).
You can also visit Yocket’s Financial Guide Blogs for a comprehensive explanation of obtaining an education loan for your study abroad plans.
Also, Read Germany Living Cost for International Student
MBA Scholarships in Germany
To cope 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 provisions to deserving students from across the globe. The German government, private organizations, or public-private partnership firms provide it. Funding is generally granted for at least two semesters. Later, it can be extended until the completion of studies. Amount/Benefit: 150 EUR (INR 13,313.70) |
Heinrich Böll Scholarships |
This scholarship validates German and international students. Eligible students get €750 per month for Masters. Amount/Benefit: 750 EUR (INR 66,568.50) 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 and innovation and to advance partnerships among the leading institutions worldwide. Amount/Benefit: 3,000 EUR (INR 2,66,274) per month plus 600 EUR (INR 53,254.80) per transport allowance. |
One can always explore independently to find scholarships that fit one's needs, location, and specific university. There are, of course, scholarships offered to international students by most universities offering MBA in Germany.
Read about MBA Scholarships in Germany
How To Pursue MBA in Germany without GMAT or Work-experience?
It is possible if you’ve been wondering whether you can pursue your MBA in Germany without a GMAT or work experience!
Here is the list of the best universities in Germany that offer specific MBA courses without the requirement of prior work experience or GMAT:
Without Work Experience |
Without GMAT |
---|---|
Technical University of Munich |
|
University of Kiel |
|
University of Tubingen |
|
Different programs at the same university may have different requirements. Therefore, it is essential to check the requirements for each course individually at the university’s official website.
Job Scope After MBA in Germany
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. QS has even ratified Germany among the world's top 10 nations for MBA salaries!
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 (INR 65,03,921.46) |
Product Manager |
60,000 EUR (INR 53,23,447.07) |
Marketing Manager |
60,000 EUR (INR 53,23,447.07) |
Operations Manager |
53,196 EUR (INR 47,19,768.17) |
Suggested: MBA Salary in Germany
More Insights Related to MBA in Germany |
||
From the Desk of Yocket
With the advantages of High-quality education, affordable tuition, and a strong job market, Germany opens plenty of opportunities for international students. But in the chaos of several private and public universities, placing yourself in a suitable university requires intensive research. We support your search and a better future, which is why we’ve made Yocket's College Finder to compare universities according to your needs and requirements.
Recently, Germany has become a pool for MBA students. Its more or less stable economy, paired with the shortage 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.
Germany is fast gaining prominence for its MBA course, all thanks to its quality of education, its international faculty, the program’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. We have your back.