MIM in Germany: 10 Best Colleges & Cost for 2024

Why Study MIM in Germany?

Every course has its share of benefits. But it is important to be aware of all the utility and future prospects of it beforehand. So lets begin our discussion by looking at the perks of studying MIM in Germany:

• Business experience: When compared to other programs, MIM in Germany involves a significant amount of practical experience within the course framework. MIM courses in Germany have a research focus, so you'll be exposed to critical thinking in a variety of real-life situations.
• Affordability: The public MIM universities in Germany charge no fees or minimal fees from international students. MIM in Germany is never heavy on your pockets.
• Flexibility: Most top MIM colleges in Germany offer the freedom to choose between completing the course full-time or part-time. There are even some that let you study MIM in Germany without GMAT.

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How to Choose the Right MIM Universities in Germany?

There are some of the best MIM colleges in Germany. Making the right choice might seem like a struggle when you have many options in front of you. But remember to do thorough research. To choose amongst the best MIM colleges in Germany follow the steps below:

• Segregate the colleges that provide the course you wish to study
• Check the tuition fees, living expenses, faculty, and course quality for each college
• Compare everything and then decide what suits you the best

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Top 10 MIM Colleges in Germany in 2024

The process of skimming down to the best options when it comes to MIM colleges in Germany can be a little confusing or tedious for some.

Here, we have listed out the best colleges for MIM in Germany:

• University of Mannheim
• European School of Management and Technology
• HHL Leipzig Graduate School of Management
• WHU- Otto Beisheim School of Management
• ESCP Business School
• TUM School of Management
• University of Cologne
• Frankfurt School of Finance and Management
• HWR Berlin- Berlin School of Economics and Law
• ESB Reutlingen

Let us now dive deeper into each MIM university in Germany one by one:

1. University of Mannheim

The first college amongst the best mim colleges in Germany is the University of Mannheim. The Master in Management program at the University of Mannheim Business School was ranked the finest in Germany by the Financial Times in 2018. It has a well-known reputation of being triple-accredited by the most respected governing authorities for management education. During the course, students studying MIM learn about Accounting, Taxation, Banking, Finance, Insurance, Information Systems, Marketing, and Sales, among other things.

University Type	Public
Location	Mannheim
Tuition Fees	3,000 EUR or 3,50,000 INR per year
Popular Programs	MIM

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2. European School of Management and Technology (ESMT)

The MIM program at ESMT is well regarded amongst all top MIM universities in Germany. The curriculum is a two-year program that includes a worldwide internship, social impact projects, and the possibility of an exchange or double degree. The curriculum is taught entirely in English and focuses only on teaching students the subtleties of international management. Students can choose from specialities such as Business Analytics, Finance & Investments, Entrepreneurship & Innovation, and Global & Digital Strategy in the second year.

University Type	Private
Location	Berlin
Tuition Fees	29,500 EUR or 20,00,000 INR
Popular Programs	On-campus full-time MIM

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3. HHL Leipzig Graduate School of Management

HHL Leipzig is not just one of Germany's best business schools, but it also boasts global rankings. The university obtained an overall score of 97.1 out of 100 in the QS Masters in Management Ranking 2022 and ranked eighth worldwide in the category "Value for Money." Part-time and full-time Master of Management programs are available at the university. These management training programs may be completed in 21-24 months.

University Type	Private
Location	Leipzig
Tuition Fees	15,890 EUR or 14,00,000 INR
Popular Programs	Full-time Master in Management Part-Time Master in Management Master in Management, Finance

4. WHU - Otto Beisheim School of Management

The Financial Times ranked the Mim  in Germany at WHU first among all programs in Germany, among the best business schools. A worldwide faculty, practitioners, and business professionals teach the courses. The MIM allows for real-life case studies, industry visits, and guest speakers. Furthermore, the optional courses assist you in selecting a degree that is appropriate to the student's future career.

University Type	Private
Location	Dusseldorf
Tuition Fees	33,200 EUR or 20,00,000 INR
Popular Programs	MIM-Msc in Management

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5. ESCP Business School

The ESCP Berlin Campus is a state-recognized university. It is one of Germany's top and most respected business schools. ESCP's Masters in Management program includes all functional areas of management. The multinational teaching and student body offer a diverse intercultural experience. The business school is well-known for its solid basis in worldwide business education. It is most definitely one of the best mim colleges in Germany.

University Type	Private
Location	Berlin
Tuition Fees	227,000 EUR or 1,17,00,000 INR (total)
Popular Programs	Masters in Management

6. TUM School of Management

Operating under the Technical University of Munich, the TUM School of Management is a highly renowned B-School in Germany. With a total enrollment of around 5,000 students, the B-school welcomes international students from across 150 countries around the globe. TUM School is also famous for offering a blend of technology and management courses through its very diverse curriculum.

University Type	Public
Location	Munich
Tuition Fees	138 EUR or 10,900 INR per semester
Popular Programs	Masters in Management & Technology

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7. University of Cologne

One of the most prestigious and research intensive universities in Germany, the University of Cologne offers international students with a highly valued degree. The university is considered one of the oldest universities in Germany, and hence, known for offering an exceptional education. The MIM program at Cologne is a blend of business practice and management theory, definitely one of the most recognised in the entire world.

University Type	Public
Location	Cologne
Tuition Fees	30,915 EUR or 20,00,000 INR per semester
Popular Programs	Masters in International Management

8. Frankfurt School of Finance and Management

Frankfurt School of Finance and Management is a private university, which is recognised under Hesse’s Higher Education Act. Particularly famous for its MBA, EMBA and MIM programs, the B-school awards students with a degree that is highly valued and recognised across the world. The school has a total overall enrolment of 3,000 students from more than 120 countries worldwide.

University Type	Private
Location	Frankfurt
Tuition Fees	33,000 EUR or 20,00,000 INR per semester
Popular Programs	Masters in Management

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9. HWR Berlin- Berlin School of Economics and Law

Founded as a merger between the Berlin School of Law and the FHVR Berlin, the HWR Berlin offers students with programs related to applied sciences. A majority of programs offered at HWR Berlin are focussed majorly on skillful demonstration in the field of public policy, administration, business, law, etc.

University Type	Public
Location	Berlin
Tuition Fees	19,800 EUR or 15,00,000 INR
Popular Programs	Masters in International Management

10. ESB Reutlingen

ESB Reutlingen at Reutlingen University is known for its close proximity with the commerce industry, thereby offering international students with an extremely excellent industrial exposure. With a total enrolment of nearly 6,000 students from over 100 countries, the school is famous for offering numerous courses in the field of management and business.

University Type	Public
Location	Baden-Württemberg
Tuition Fees	1,500 EUR or 1,18,000 INR per semester
Popular Programs	Masters in International Purchasing Management

So, this was the list of top mim universities in Germany. Now that you know all about these top Germany mim colleges, let's check out the eligibility and admission requirements.

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Public Universities in Germany Offering MIM Program

Apart from private universities in Germany for MIM, there are also public universities in Germany for MIM. These masters in management in Germany public universities are famous for their low cost education, without tuition fees, and for offering international students with great industrial exposures, and huge employability opportunities because of their strong ties. Moreover, degrees awarded by top public universities in Germany for MIM are highly recognised across the world.

Some of the top public universities in Germany for MIM are:

1. Reutlingen University
2. HWR Berlin
3. University of Cologne
4. University of Mannheim
5. TUM School of Management

Eligibility & Admission Requirements for MIM in Germany

The admission and eligibility criteria for MIM in Germany may vary from one university to another. However, there are certain common requirements that the best MIM colleges in Germany need applicants to fulfil. Some of the MIM in Germany eligibility criteria are as follows:

• 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 MIM in Germany
• Good academic scores, a minimum of 60% aggregate academic score.
• 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 a MIM in Germany without GMAT
• IELTS/ TOEFL/ PTE scores are needed as proof of English language proficiency
• Basic proficiency in the German language
• Some universities additionally mandate an entrance exam to pursue a MIM program in Germany
• A work experience of up to 2 years may be required by some business schools and universities.

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Education System in Germany and Other Countries	Universities for Applied Sciences in Germany
Top Student Cities in Germany	2024 German Student Visa Requirements

Documents Required for MIM in Germany

In order to be accepted for MIM in Germany Eligibility, you require the following documents:

• Transcript of Studies to Date
• Transcript of Records
• Letter of Motivation
• Updated Résumé
• GMAT/ GRE scores
• IELTS/ TOEFL/ PTE scores
• Entrance exams scores if required
• Evidence of Work Experience (Not Mandatory, may be required by some universities)
• Passport and Student Visa
• Student Health Insurance Certificate
• Most Current Photo (for ID)

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How to Apply for MIM in Germany?

Here is a quick look at the application process for Germany MIM colleges:

Step 1: Check the requirements for MIM courses in the MIM universities in Germany.

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

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

Step 4: Once and submit the 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.

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How Much Does MIM Cost in Germany?

The tuition fees for studying MIM in Germany range from EUR 0 to EUR 3,000 per annum at public universities, while for private universities, it ranges from EUR 10,000 to EUR 40,000 per year.

The total cost of studying MIM in Germany also includes the living expenses for Germany, that approximate to around EUR 5,000 to EUR 10,000 per annum depending on your lifestyle.

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Scholarships Available at Best MIM Colleges in Germany

Given below are some popular scholarships available at private and public universities in Germany for masters in management:

Scholarship	Eligibility	Award
DAAD Scholarships	Qualified for full time courses in Germany Bachelor's degree At least 2 years of work experience	850 EUR for PG students 1,200 EUR for Doctoral students
Heinrich Boll Foundation Scholarship	Outstanding academic records and demonstration of social engagement	850 EUR per month + tuition fees
DeutschlandStipendium National Scholarship Programme	Open to students enrolled in a German institution	300 EUR per month
Konrad-Adenauer-Stiftung Scholarships	PG and Doctoral students	850 EUR per month for 2 years

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MIM in Germany is an extremely flexible course. No matter which country you're from and at what age, there are benefits that remain constant. The great value for cost and the reputation of the degree worldwide add to its charm. Therefore we can conclude by saying that a MIM in Germany is most definitely an option to consider for students wishing to pursue a master's in management overseas.

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