If you’re an Indian student looking for an affordable business education abroad, an MBA in Germany is the best option. It offers top-quality education and access to Europe’s largest economy. Many public universities offer free tuition, with some MBA programs in Germany costing as low as EUR 10,000 (INR 8.8 Lakhs) per year.
However, the cost of living in Germany as an Indian student, especially for those pursuing an MBA in Germany, can range between EUR 850 - EUR 1200 monthly (INR 75,000 to INR 10 Lakhs), making scholarships essential for many students. These scholarships help cover expenses, making education more accessible while rewarding talent and hard work.
Key Highlights:
- DAAD Scholarships, Deutschlandstipendium, and Heinrich Böll Foundation Scholarships rank among the top MBA scholarships in Germany.
- Public universities in Germany charge an average tuition fee INR 8,000 to 44,000 (EUR 100 to EUR 500) per semester for MBA programs.
- MBA scholarships in Germany typically cover a cost of INR 71,000 to 10 Lakh per month (EUR 800 to EUR 1200).
- To be eligible for these MBA scholarships, you should have a GPA above 3.5, achieve a GMAT score of at least 650, and have 2–3 years of professional experience.
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How Much Does it Cost to Study an MBA in Germany?
The total cost of pursuing an MBA in Germany ranges from €10,550 to €19,050 (INR 9.49 Lakhs to INR 17.15 Lakhs). The public universities don’t charge a tuition fee, but a session fee ranging from €100 to €500 every semester, making Germany an excellent choice for quality education at a low cost.
An overview of the cost of studying in Germany is as follows:
|
Expense Category |
Estimated Cost (per year) |
Estimated Cost in INR |
|---|---|---|
|
Tuition Fee |
Upto €1,500 |
INR 0 to INR 1.35 Lakhs |
|
Semester Contribution |
€150 - €350 |
INR 13,500 to INR 31,500 |
|
Health Insurance |
€1,200 - €1,500 |
INR 1.08 Lakhs - INR 1.35 Lakhs |
|
Accommodation |
€3,600 - €7,200 |
INR 3.24 Lakhs to INR 6.48 Lakhs |
|
Food and Groceries |
€2,400 - €3,600 |
INR 2.16 Lakhs to INR 3.24 Lakhs |
|
Transportation |
€300 - €600 |
INR 27,000 - INR 54,000 |
|
Books and Study Materials |
€200 - €400 |
INR 18,000 - INR 36,000 |
|
Miscellaneous Expenses |
€1,200 - €2,400 |
INR 1.08 Lakhs INR 2.16 Lakhs |
|
TOTAL |
€9,050 - €17,550 |
INR 8.15 Lakhs - INR 15.80 Lakhs |
Now that you know about the hefty costs of studying for an MBA in Germany, you understand that scholarships will benefit you immensely. But where do you find them, and how do you apply? To clear all your doubts, explore Yocket Premium - your one-stop solution for all study abroad woes.
Top MBA Scholarships in Germany for Indian Students
Germany offers numerous MBA scholarships, including DAAD Scholarships (fully funded), ESMT Berlin scholarships (merit-based, up to 50% tuition), and HHL Leipzig scholarships. These aim to support diverse, talented, and high-achieving students.
The most popular scholarships for MBA in Germany for Indian students are:
|
Scholarship Name |
Amount Covered |
|---|---|
|
DAAD Scholarships |
Fully funded |
|
Early Application Scholarship (ESMT) |
€5,000, €2,500, €1,000 (varies) |
|
GMAT/ GRE Scholarship (ESMT) |
€3,000 (INR 2.7 Lakhs) |
|
German Language Scholarships (ESMT) |
€1,000 (B1/B2, INR 90,000), €2,000 (C1/C2, INR 2.25 lakhs) |
|
Dean’s Excellence Scholarship (ESMT) |
50% of tuition |
|
Women in Business Scholarship (ESMT) |
€7,500 (6.75 Lakhs) |
|
Asia Scholarship (ESMT) |
25% of tuition fees |
|
HHL Women in Business Scholarships |
25% of tuition fees |
|
HHL Future Entrepreneur Scholarships |
25% of full-time MBA fees |
|
HHL Asia-Pacific Scholarship |
Partial reduction in tuition fees |
|
MBS Network Scholarship |
€5,000 (INR 4.4 Lakhs) |
|
Frankfurt School MBA Scholarships |
Partial amount of tuition |
|
Scholarship for Emerging Market Leaders (WHU) |
Varies |
|
Scholarship for Ambitious Women (WHU) |
Varies |
|
Scholarship for Social Entrepreneurs (WHU) |
Varies |
The scholarships are discussed in detail below:
1. DAAD Scholarships
The DAAD scholarship offers you full or partial funding to pursue advanced degrees in Germany, covering tuition, living costs, and travel. It’s perfect if you’re committed to academic or research excellence across disciplines.
|
Application Deadline |
February 29, 2025 |
|
Award Amount |
Fully funded |
|
No of Awards |
Varies each year |
|
Eligibility |
Applicants from developing countries with professional experience in relevant fields; bachelor's degree required |
2. Early Application Scholarship (ESMT)
Offered by the European School of Management and Technology in Berlin, the ESMT awards scholarships to deserving students for an MBA.
|
Application Deadline |
Rolling (apply early to qualify) |
|
Award Amount |
€1,000 to €5,000 (INR 4.5 Lakhs, 2.25 Lakhs and 90,000) |
|
No of Awards |
Varies |
|
Eligibility |
Early applicants to ESMT's MBA programs |
3. HHL Women in Business Scholarships
If you’re a talented female leader, this scholarship supports your MBA in Germany journey at HHL Leipzig. It’s designed to help you break barriers and excel in leadership roles.
|
Application Deadline |
Varies depending on the MBA intake (usually March or September) |
|
Award Amount |
25% of tuition fees |
|
No of Awards |
Varies |
|
Eligibility |
Women with excellent academic and leadership potential |
4. HHL Future Entrepreneur Scholarships
Are you an aspiring entrepreneur with innovative business ideas? This scholarship at HHL Leipzig is for you, empowering you to bring your vision to life.
|
Application Deadline |
The scholarship DL aligns with the MBA application DLs. Check the HHL Leipzig website. |
|
Award Amount |
25% of full-time MBA fees |
|
No of Awards |
Varies |
|
Eligibility |
Candidates aspiring to become entrepreneurs with a clear vision |
5. HHL Asia-Pacific Scholarship
If you’re from the Asia-Pacific region, this scholarship fosters diversity and supports your MBA studies at HHL. It’s an opportunity to enhance cross-cultural learning and collaboration.
|
Application Deadline |
Rolling |
|
Award Amount |
Partial reduction in tuition fees |
|
No of Awards |
Varies |
|
Eligibility |
Applicants from Asia-Pacific countries with strong profiles |
6. MBS Network Scholarship
Munich Business School offers this scholarship to recognize your academic excellence and community involvement. It’s ideal if you’re passionate about networking and making a difference.
|
Application Deadline |
Rolling |
|
Award Amount |
€5,000 (INR 4.4 Lakhs) |
|
No of Awards |
Varies |
|
Eligibility |
Strong connections to Munich Business School’s network or values |
Suggested: Top Scholarships for Studying MBA Abroad
7. Frankfurt School MBA Scholarships
This scholarship provides partial tuition waivers based on your merit and financial need. It’s a chance to advance your career in business and finance.
|
Application Deadline |
May 5 to 21 June, 2025 |
|
Award Amount |
Partial amount of tuition |
|
No of Awards |
Varies |
|
Eligibility |
Academic excellence, GMAT scores, and professional achievements |
8. Scholarship for Emerging Market Leaders (WHU)
If you’re from a developing region, this scholarship will help you become a leader who drives economic progress in your home country.
|
Application Deadline |
July 29, 2025 |
|
Award Amount |
Varies |
|
No of Awards |
Varies |
|
Eligibility |
Based on merit and specific criteria such as diversity, entrepreneurial drive, and regional background |
9. Scholarship for Ambitious Women (WHU)
Designed for you as a woman aspiring to leadership, this scholarship encourages you to shape the future of business and entrepreneurship.
|
Application Deadline |
With the MBA application |
|
Award Amount |
50% of tuition |
|
No of Awards |
Varies |
|
Eligibility |
Based on merit and specific criteria such as diversity, entrepreneurial drive, and regional background |
10. Scholarship for Social Entrepreneurs (WHU)
If you’re passionate about social change, this scholarship helps you pursue initiatives that create meaningful community impact.
|
Application Deadline |
January 15, 2025 |
|
Award Amount |
25% of tuition fees |
|
No of Awards |
Varies |
|
Eligibility |
Based on merit and specific criteria such as diversity, entrepreneurial drive, and regional background |
How to Apply for an MBA Scholarship in Germany?
To apply for an MBA scholarship in Germany, research options like DAAD, ESMT, or HHL. Gather all the required documents, including latest resume, transcripts, GMAT/GRE scores, and letters of recommendations. Apply to MBA programs and submit scholarship applications. Meet deadlines, prepare for interviews and track application status to secure funding successfully.
- Research Scholarships: Identify available scholarships for international students, such as DAAD, ESMT, or HHL scholarships, and review their eligibility criteria and benefits.
- Prepare Required Documents: Gather documents like your resume, academic transcripts, GMAT/GRE scores, letters of recommendation, statement of purpose, and proof of language proficiency (TOEFL/IELTS).
- Apply to MBA Programs: Apply to the MBA program of your choice, as most scholarships require enrollment or admission to a German university.
- Complete Scholarship Applications: Submit separate scholarship applications if required. Some scholarships, like DAAD, may require you to apply through their portal.
- Meet Deadlines: Pay close attention to deadlines for both the MBA program and scholarships.
- Prepare for Interviews: Be ready for interviews or assessments if they are part of the selection process.
Tips for Getting 100% MBA Scholarships in Germany
To secure a 100% MBA scholarship in Germany, apply early and focus on DAAD or similar programs. Aim for a high GMAT/GRE score and highlight leadership potential in your SOP. Opt for scholarships with online applications, and explore external funding opportunities to enhance your chances. Other ways to get a 100% MBA scholarship are:
- Use Online Application Portals: Opt for scholarships with an online application system to streamline your process.
- Target Flexible Schemes: Seek scholarships that don’t require an in-person application.
- Apply for DAAD Funding: As an international student, DAAD scholarships can be a perfect choice.
- Submit Early: Early applications often receive preference and exclusive awards.
- Ace Your Test Scores: Achieve high GMAT, GRE, or equivalent scores to stand out.
- Demonstrate German Language Proficiency: Strong language skills can give you an edge.
From the Desk of Yocket
Pursuing an MBA in Germany presents a compelling proposition for ambitious professionals. Germany’s reputation for academic excellence, coupled with its strong economic foundation and innovative business landscape, makes it an ideal setting to cultivate advanced management skills. German business schools emphasize a practical, problem-solving approach, incorporating real-world case studies and internships to give you tangible experience.
Furthermore, the rigorous & upto date German MBA programs equip graduates with the tools and knowledge to navigate the evolving global economy. But getting in is not so easy. With free education, and excellent opportunities, you need the right strategy to gain admission at top MBA B-schools in Germany. That’s where Yocket Premium comes in to help. Connect with us today and get a FREE roadmap for your MBA in Germany journey.
