MIM in Germany: Everything You Need to Know About the MIM Course in Germany

Overview of MIM in Germany

Before diving into the details of MIM in Germany, let us acclimatize you to what the MIM programs in Germany actually look like, in a nutshell:

Duration	1-2 years
Type of Degree	Post Graduate
Tuition Fee for International Students	Public Universities: EUR 3,000 (INR 2,74,900) per annum Private Universities: EUR 20,000 (INR 18,32,710) - EUR 35,000 (INR 32,07,240) per annum
Cost of Living in Germany	EUR 10,000 (INR 9,16,350) per annum
Specializations Available	Economics, General Management, Finance, International Business, Supply Chain Management, Entrepreneurship
Exams Required	IELTS/ TOEFL/ GRE/ GMAT, German Language Proficiency

Top MIM Colleges in Germany

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

Let us know in detail about each of these best places to study MIM in Germany, in detail:

1.  University of Mannheim

The University of Mannheim Business School’s Master in Management was ranked the best in Germany by the Financial Times in 2018. It has a known history of having been awarded triple accreditation by the most prestigious regulating bodies for education in management. Students studying MIM largely cover subjects including accounting, taxation, banking, finance, and others during the course period.

University Type	Public
Location	Mannheim
Tuition Fees per year	EUR 30,000 (INR 27,49,000)
Popular Programs	MIM

2.  European School of Management and Technology (ESMT)

The MIM course at ESMT is well esteemed among all MIM universities in Germany. The course here is a 2 year program including a global internship, social impact projects, and an optional exchange or double degree. The program is taught in English and lays exclusive focus on teaching students the nuances of international management. Students can pick their specializations in the second year in fields including - analytics, finance and investments, entrepreneurship and global strategy.

University Type	Private
Location	Berlin
Tuition Fees per year	EUR 29,500 (INR 27,03,050)
Popular Programs	On campus full time MIM

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3.  HHL Leipzig Graduate School of Management

HHL Leipzig is not only among the top business schools in Germany but also has global rankings. In the QS Masters in Management Ranking 2024, the university received an overall score of 97.1 out of 100 and achieved #8 worldwide in the category “Value for Money''. The university offers part time and full time Master in Management courses.  These management courses can be completed in 21-24 months.

University Type	Private
Location	Leipzig
Tuition Fees per year	EUR 15,890 (INR 14,56,080)
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 MSc in Management in Germany at WHU #1 in all of the programs in Germany, including in the top business schools in Germany.  The courses are taught by international faculty, practitioners, and business experts. The MIM makes space for real-life case challenges, company visits, and guest lectures. Furthermore, the elective courses help you choose a degree relevant to the student’s future career.

University Type	Private
Location	Dusseldorf
Tuition Fees per year	EUR 33,200 (INR 30,42,290)
Popular Programs	MIM-MSc in Management

5.  ESCP Business School

The Berlin Campus of ESCP is a state-recognized university. It is one of the best and most prestigious business schools in Germany. The Masters in Management program at ESCP covers all the functional areas of management. The international faculty and student demographic provide a rich multicultural experience. The business school is renowned for its strong foundation in teaching international business.

University Type	Private
Location	Berlin
Tuition Fees per year	EUR 22,700 (INR 20,80,120)
Popular Programs	Masters in Management

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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 fulfill.

MIM in Germany Eligibility

Moving on, let us help you with MIM in Germany eligibility:

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

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Documents Required for MIM in Germany

Given below are the MIM in Germany requirements in terms of 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
• Student Health Insurance Certificate
• Most Current Photo (for ID)
• German Student Visa

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How to apply for MIM  in Germany?

After making you acquainted with the MIM in Germany requirements, let us give you a quick look at the application process for MIM in Germany:

#Step 1: Check requirements for MIM courses in Germany at all the universities you wish to apply for.

#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 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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Cost of Studying MIM in Germany  

Let us now take a look at the MIM in Germany fees and other costs-

Tuition Fees

MIM in Germany fees under any course vary by quite a margin depending on whether one chooses a public or private university in Germany.

If you choose a public university like TUM or University of Mannheim, you have to pay a minimal tuition fee. If you choose a private university, the MIM in Germany fees is higher.

Type Of Institution	Tuition Fee (in EUR)	Tuition Fee (in INR)
Public	0-3,000	0-2,50,000
Private	22,000-35,000	18,00,000-30,00,000

Other Costs

When you are pursuing your MIM courses in Germany, tuition charges aren't the only expenses to worry about. For an international student, cost of living contributes to the overall cost. Here is a look at the living expenses for international students, cumulating to the MIM fees in Germany:

Expenses	Cost per month (in EUR)	Cost per month (in INR)
Semester social charges	70	5,670
Health Insurance	70	5,670
Rent	300	24,000
Groceries	200	16,000
Study material	30	2,500
Recreation	70	5,670
Transport	80	6,500
Wifi and telephone charges	30	2,500

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Job Outlook After Masters in Management Germany

The career prospects and jobs after MIM in Germany are more or less similar to an MBA graduate in Germany. Recently, Germany has had great demand for Management students.

The average salary after MIM in Germany for individuals that have spent some time in the industry is found to be as high as EUR 70,000 (INR 64,14,490) annually. The salary hike is even larger if one has passed out of reputed universities like Mannheim Business School. HHL Leipzig and Frankfurt School of Finance and Management.

Some of the popular jobs after MIM in Germany and the average expected salary-

Job Title	Average Annual Base Pay (in EUR)
Project Analysts	60,000 (INR 54,98,130)
Product Manager	60,000 (INR 54,98,130)
Financial Manager	59,620 (INR 54,63,310)
Revenue Manager	56,000 (INR 51,31,590)

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Scholarships to Study MIM in Germany

In order to manage your living expenses while studying in Germany, there are several scholarships made available to international students. Some of the most important ones for MIM in Germany are:

• DAAD (Deutscher Akademischer Austauschdienst) Scholarships: DAAD stands for ‘The German Academic Exchange Service’ in English. Numerous scholarships are offered to pursue both studies and research projects.
  
  
• ERASMUS+ scholarships: These scholarships remain valid for students from all over the world who wish to apply to multiple universities all over Europe.
  
  
• Heinrich Böll Scholarships for International Students: This scholarship is valid for both German and international students. Eligible students get €750 per month for Masters.
  
  
• 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. Eligible students receive €3,000 per month plus €600 per month as transport allowance.
  
  
• Deutschland Stipendium: This fund provides monetary and non-material provisions to deserving students from across the globe. Students receive a scholarship worth €150 per month, provided by the German government, private organizations, or public-private partnership firms. Funding is generally granted for at least two semesters; later, it can be extended until completion of studies.

Apart from the ones stated above, there are several other scholarships available to balance out your MIM in Germany fees. Course scholarships are also offered to international students by most universities offering MIM in Germany.

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From the Desk of Yocket

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 the cost and the reputation of the degree worldwide add to its charm. Therefore, we can conclude by saying that an MIM in Germany is most definitely an option to consider for students wishing to pursue a masters in management overseas.

If you still have doubts about the MIM in Germany course, why not connect with our Yocket Counselors?

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