MBA Scholarships in Germany: Eligibility Criteria, Process, Deadlines, Amount Covered, Duration & More Image
MBA: The Why, The Whats & The Hows

MBA Scholarships in Germany: Eligibility Criteria, Process, Deadlines, Amount Covered, Duration & More

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Yocket Editorial Team
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Among non-English speaking countries for studying abroad, Germany happens to be the most sought after destination for pursuing MBA and the 4th largest economy in the world. While it may sound unreal, public universities in Germany do not charge any tuition fees from their students including international students which means you can actually study an MBA for free just by paying for your accommodation and personal expenses including food, travel, utility bills, etc. On an average, the cost of an MBA in Germany for Indian students is around 20,00,000-40,00,000 INR at some of the most coveted private B-schools.

Are you considering an MBA scholarship in Germany for international students? You have made the right choice as you will find several opportunities to study MBA in Germany with scholarship. Here is a comprehensive guide to MBA scholarships in Germany including eligibility criteria, how to apply, deadlines, duration, capacity, range and more.

  Table of Contents:

  1. How Much Does it Cost to Study an MBA in Germany?
  2. Popular MBA Scholarships in Germany
  3. Frequently Asked Questions about MBA Scholarships in Germany

How Much Does it Cost to Study an MBA in Germany?

Germany is home to several distinguished public as well as private institutions. Generally, only private B-schools in Germany charge tuition fees and the public ones literally have no tuition fees. The average tuition fees for MBA in Germany for international students is €20,000-50,000. You may also be able to secure an admission offer from a university that charges no tuition fee but even then all students are required to pay a fixed semester contribution fee which is around €100-350 per semester. 

Coming to the cost of living in Germany, you will spend somewhere around €800-1,200 per month. For visa purposes, you must demonstrate a minimum amount of €861 per month i.e. €10,332 per year to account for living expenses in Germany. You can keep this budget in check by choosing the type of accommodation, lifestyle, mode of transportation, etc.

When we talk about top B-schools in Germany some of the most prominent names are ESMT Berlin, Mannheim Business School, Frankfurt School of Business, HHL Leipzig Graduate School of Management, WHU (Otto Beisheim), etc. Let us take a look at the most popular MBA scholarships in Germany offered by these business schools:

1. DAAD Scholarships

The DAAD scholarship for MBA in Germany is funded by the government. More than 100,000 fully-funded scholarships are awarded every year to international students to encourage them to study MBA in Germany with scholarship.

Application Process

Official DAAD website

Application Deadlines

August-October 2022

Amount Covered

Fully funded

Number of Awards

100,000

Duration

1-2 years

2. ESMT MBA Scholarships

ESMT offers over 28 merit-based scholarships to full-time MBA students on the basis of academic records, professional achievements, leadership skills and interpersonal qualities. There are some scholarships for which you will be automatically considered and others for which you have to submit an application at the time you are applying for the MBA program. You will be given the choice to apply for 3 application-driven scholarships but will receive any 1 award only. We will discuss both automatically awarded as well as application driven scholarships.

Let us take a look at the 3 scholarships for which you will be automatically considered once admitted to MBA at ESMT Berlin:

Name of Scholarship

Details

Early Application Scholarship

Awarded to students who apply within the first 3 of admission. The amounts awarded are €5,000, €2,500 and €1,000 for rounds 1, 2 and 3 respectively.

GMAT/ GRE Scholarship

To be eligible for this scholarship, you must have a GMAT or GRE score equivalent to 85th percentile or above. You will be awarded a one-time scholarship of €3,000.

German Language Scholarships

If you are a non-German speaking student with German language proficiency and submit test scores to demonstrate the same, you will be awarded a scholarship worth €1,000 for B1/ B2 level of proficiency and €2,000 for C1/C2 levels.

Application driven scholarships at ESMT Berlin are classified into diversity scholarships, impact scholarships and network scholarships. Let us take a look at the top 3 scholarships at ESMT Berlin that requires an application:

3. Dean’s Excellence Scholarship

Awarded to students with excellent academic records, leadership and interpersonal skills and professional achievements. Recipients of the award are expected to actively participate in the ESMT community and as ambassadors.

Application Process

Separate application required

Application Deadlines

Varies

Amount Covered

50% of tuition

Number of Awards

1

Duration

Program duration

4. Women in Business Scholarship

This scholarship is given to reward ambitious women who demonstrate outstanding professional achievements.

Application Process

Separate application required

Application Deadlines

Varies

Amount Covered

€7,500

Number of Awards

2

Duration

One-time award

5. Asia Scholarship

Regional scholarships by ESMT Berlin are MBA scholarship in Germany for international students from different regions and they are expected to be an ambassador of ESMT.

Application Process

Separate application required

Application Deadlines

Varies

Amount Covered

25% of tuition fees

Number of Awards

2

Duration

Program duration

6. HHL Leipzig Graduate School of Management Scholarships

Similar to ESMT Berlin, HHL Leipzig Graduate School of Management awards various scholarships to ambitious MBA students including some regional scholarships, women in business scholarship, future entrepreneur, young leader and dean’s list scholarship.

Here is a discussion on the scholarship for MBA in Germany for Indian students awarded by HHL Leipzig:

7. HHL Women in Business Scholarships

Awarded to successful female MBA candidates who hold a bachelor’s degree, at least 3 years of work experience and above average GMAT scores.

Application Process

Separate application required

Application Deadlines

Application to be submitted with program application

Amount Covered

25% of tuition fees

Number of Awards

Varies

Duration

Entire length of program

8. HHL Future Entrepreneur Scholarships

This partially-funded scholarship is awarded to candidates who demonstrate entrepreneurial abilities and wish to start a business. The selection task is a scholarship question to be answered in essay or presentation format.

Application Process

Separate application required

Application Deadlines

Apply by the program application deadline

Amount Covered

25% of full-time MBA fees

Number of Awards

Varies

Duration

Program duration

9. HHL Asia-Pacific Scholarship

Regional scholarships at HHL are meant for high-spirited international students who bring diversity to the MBA class and fulfill the scholarship requirements. The Asia-Pacific Scholarships covers the scholarship for MBA in Germany for Indian students.

Application Process

Separate application required

Application Deadlines

Apply by the program application deadline

Amount Covered

Partial reduction in tuition fees

Number of Awards

Varies

Duration

Program Duration

10. Mannheim School of Business Scholarships

Mannheim Business School values talent and offers various partially-funded scholarships to high achieving students. It is best to apply early to get maximum consideration for these scholarships. One such scholarship is the MBS Network Scholarship, the details of which are given below:

Application Process

MBS Network Scholarship Application

Application Deadlines

31 August 2022

Amount Covered

€5,000

Number of Awards

1

Duration

One-time award

11. Frankfurt School MBA Scholarships

At the Frankfurt School of Finance and Management, scholarships are awarded mainly to women in business, international students and academically excellent students on the basis of results, GMAT/ GRE scores, personal and professional achievements.

Application Process

No separate application

Application Deadlines

Rolling basis

Amount Covered

Partial amount of tuition

Number of Awards

Varies

Duration

Program duration

12. WHU Otto Beisheim School of Management

WHU Otto Beisheim School of Management provides you the opportunity to avail various merit-based scholarships based on academic, personal and professional achievements. The available options include Scholarship for Emerging Market Leaders, Scholarship for Ambitious Women, Scholarship for Social Entrepreneurs and Scholarship for Diversity. You can only apply for any one of these scholarships.

Application Process

Separate application required

Application Deadlines

Program application deadline

Amount Covered

Varies

Number of Awards

4

Duration

One-time award

With this we come to the end of the discussion on MBA scholarships in Germany. We hope you got a clear idea about scholarship for MBA in Germany for Indian students. MBA abroad is considered to be the most thriving degree worldwide with a variety of sustainable career options and lucrative packages. One thing is for sure that your investment of money, time and efforts will definitely give you wholesome returns. While sorting your finances, we will definitely recommend you to consider MBA in Germany scholarship especially those offered by German Academic Exchange Service i.e. DAAD scholarship for MBA in Germany.

Frequently Asked Questions about MBA Scholarships in Germany

Ques. Is MBA in Germany free for international students?

Ans. Yes, if you consider the tuition fees, MBA in Germany is free for international students. You will have to pay for living expenses.

Ques. How can I do an MBA in Germany with full scholarship?

Ans. A DAAD scholarship can be your best chance to do an MBA in Germany with full scholarship. It is a fully funded scholarship awarded by the government for international students to pursue MBA, master’s, LLB and PhD programs without any restriction on the discipline.

Ques. Is the DAAD scholarship for MBA in Germany difficult to get?

Ans. Since DAAD scholarships provide full funding, it is quite competitive to get one. Make sure you apply early and have a strong application with work experience and you can expect to make the cut.

Ques. Which are the top colleges for MBA scholarships in Germany?

Ans. The top colleges for MBA scholarships in Germany include ESMT Berlin, HHL Leipzig Graduate School of Management, Frankfurt School, Mannheim Business School, WHU Otto Beisheim School of Management, etc.

Ques. What GMAT scores are required for an MBA in Germany scholarship?

Ans. The average GMAT scores recommended for an MBA in Germany scholarship is 600 or above.

 

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