What makes MIM in Germany particularly appealing are the universities’ robust collaborations with several big corporations such as Allianz, Daimler, and more. Many German MIM courses also feature an international internship element with the option of double degrees. Therefore, pursuing a MIM course in Germany can be really rewarding. So without any further delay, let us cover all the details regarding MIM in Germany, along with some of the top MIM colleges in Germany.
Table of Contents |
Why Study MIM in Germany?
Let us begin by understanding what makes Germany the ideal destination for pursuing MIM:
- Unique course structure: The MIM course in itself is unique. It hadn’t been included in any German syllabi until as late as 2005. Over the years, Germany’s education system has refined the course to maximize benefits for students. It has even allowed the space to study for MIM in Germany without GMAT.
- Business experience: As compared to programs elsewhere, MIM in Germany includes immense practical experience within the course structure itself.
- Research experience: MIM courses in Germany have a research bent, so you’ll get exposed to critical thinking in different real-life experiences.
- Affordability: Public MIM universities in Germany are a god-sent boon. The MIM in Germany fees are unbelievably low here, and you can study at minimal tuition cost!
- Flexibility: Most MIM universities 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.
Overview of MIM in Germany
Before diving into the details of MIM in Germany, let us acclimatize you with 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: 0- 3,000 EUR per annum Private Universities: 20,000 EUR- 35,000 EUR per annum |
10,000 EUR per annum |
|
Specialisations 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 to 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 from 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 about each of these best places to study MIM from 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 owning a triple accreditation by the most prestigious regulating bodies for education in Management. Students studying MIM largely cover subjects including Accounting, Taxation, Banking, Finance, Insurance, Information Systems, Marketing, Sales, etc during the course period.
University Type |
Public |
Location |
Mannheim |
Tuition Fees |
3,000 EUR per year |
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 English taught and lays exclusive focus on teaching students the nuances of international management. Students can pick their specialisations in the second year in fields including - Business Analytics, Finance & Investments, Entrepreneurship & Innovation, and Global & Digital Strategy.
University Type |
Private |
Location |
Berlin |
Tuition Fees |
29,500 EUR |
Popular Programs |
On campus full time MIM |
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 2022, the university received 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 |
15,890 EUR |
Popular Programs |
Full time Master in Management Part Time Master in Management Master in Management, Finance |
4. WHU - Otto Beisheim School of Management
Financial Times ranked MSc in Management in Germany at WHU #1 in all of the programs in Germany including it in the top business schools in Germany. The courses are taught by an 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 |
33,200 EUR |
Popular Programs |
MIM-Msc in Management |
5. ESCP Business School
The Berlin Campus of ESCP is a state-recognized university. It is one 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 provides a rich multicultural experience. The business school is renowned for its strong foundation in teaching international business.
University Type |
Private |
Location |
Berlin |
Tuition Fees |
22,7000 EUR |
Popular Programs |
Masters in 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.
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 as a proof of English language proficiency. .
- Basic proficiency over the 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.
- A Work experience of up to 2 years may be required by some business schools and universities.
Suggested: Sample SOP for MIM
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
Suggested: How to Get a German Student Visa?
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 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.
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 varies by quite a large 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 |
5,675 |
Health Insurance |
70 |
5,675 |
Rent |
300 |
24,000 |
Groceries |
200 |
16,000 |
Study material |
30 |
2,500 |
Recreation |
70 |
5,675 |
Transport |
80 |
6,500 |
Wifi and telephone charges |
33 |
2,675 |
Total Expenses to Study in Germany
Therefore, the monthly expenses total up to about 850 euros if one includes the semester charges
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 70,000 EUR 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 |
Product Manager |
60,000 |
Financial Manager |
59,608 |
Revenue Manager |
56,000 |
Know all about Pursuing MBA in Germany
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 € 3000 per month plus €600 per month as transport allowance.
- Deutschland Stipendium: This fund provides monetary and non-material provision to deserving students from across the globe. Students receive a scholarship worth €150 per month, provided by the German government, private organisations 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.
Scholarships in Germany for International Students
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 an MIM in Germany is most definitely an option to consider for students wishing to pursue a masters in management overseas.
Still have doubts about the MIM in Germany course, why not connect with our Yocket Counsellors?
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