MBA in Germany: Universities, Colleges & Fees
MBA in Germany
Study MBA in Germany: Germany is internationally recognized as a leading destination for education. Universities here are ranked among the top universities in the world as per various ranking agencies such as QS World Ranking, etc. A major destination for of technology, research, and innovation, Germany is one of the most sought-after study abroad destinations for international students who want to pursue an MBA in Germany. A fascinating place for information seekers, Germany considers its education system to be of paramount importance. The country has state-of-the-art infrastructure, world-class resources, and no tuition fees, which makes it popular for studying MBA, worldwide.
MBA Colleges in Germany Highlights
| Total number of MBA Colleges in Germany |
Approximately 45+ MBA colleges |
| Cost of MBA in Germany |
Public Universities: INR 0 Private Universities: €15,000 - €20,000 euro/year Living Cost: €10,332/year |
| Top Specialisations |
General Management, International Business, Business (others), Finance, Entrepreneurship, Human Resources, Marketing, Healthcare Management |
| Admission Process (Subject to university) |
Bachelor’s Degree + GMAT/GRE scores + IELTS/TOEFL/German Language Proficiency score + Statement of Purpose (SOP) + Letter of Recommendation (LOR) + resume + work experience |
Master of Business Administration (MBA) is considered to be one of the most recognized degree programs worldwide. It is well known for its curriculum that combines theoretic
Study MBA in Germany: Germany is internationally recognized as a leading destination for education. Universities here are ranked among the top universities in the world as per various ranking agencies such as QS World Ranking, etc. A major destination for of technology, research, and innovation, Germany is one of the most sought-after study abroad destinations for international students who want to pursue an MBA in Germany. A fascinating place for information seekers, Germany considers its education system to be of paramount importance. The country has state-of-the-art infrastructure, world-class resources, and no tuition fees, which makes it popular for studying MBA, worldwide.
MBA Colleges in Germany Highlights
| Total number of MBA Colleges in Germany |
Approximately 45+ MBA colleges |
| Cost of MBA in Germany |
Public Universities: INR 0 Private Universities: €15,000 - €20,000 euro/year Living Cost: €10,332/year |
| Top Specialisations |
General Management, International Business, Business (others), Finance, Entrepreneurship, Human Resources, Marketing, Healthcare Management |
| Admission Process (Subject to university) |
Bachelor’s Degree + GMAT/GRE scores + IELTS/TOEFL/German Language Proficiency score + Statement of Purpose (SOP) + Letter of Recommendation (LOR) + resume + work experience |
Master of Business Administration (MBA) is considered to be one of the most recognized degree programs worldwide. It is well known for its curriculum that combines theoretical knowledge with practical experience. Candidates with an MBA degree from a recognized university are able to choose from a variety of career options. Pursuing a degree in MBA not only educates the student with managerial skills but also teaches him to interpret the latest business trends and successfully implement them in the future.
Best MBA Colleges in Germany
Top MBA colleges in Germany: For this section we are going to be talking about the best MBA universities in Germany for international students.
| University |
QS World University Rankings 2022 |
US News & World Report: Best Global Universities 2022 |
|---|---|---|
| 44 |
NA |
|
| 50 |
74 |
|
| 131-140 |
NA |
|
| 159 |
330 |
|
| 165 |
192 |
|
| 214 |
156 |
|
| 423 |
756 |
|
| 447 |
350 |
|
| 427 |
230 |
|
| 501-550 |
696 |
Top MBA Specialisations in Germany
Here is a list of top MBA Specialisations in Germany for Indian students looking to study in the country.
| MBA in General Management |
MBA in Entrepreneurship |
| MBA in Finance |
MBA in Human Resources |
| MBA in Business (Others) |
MBA in International Business |
| MBA in Marketing |
MBA in Healthcare Management |
Top MBA Universities in Germany – by Specialization
In this section, we are going to talk about the top MBA universities in Germany as per popular ranking organisations.
Top Colleges for MBA in General Management in Germany
In this section we are going to be talking about the best MBA colleges in Germany for pursuing MBA in General Management.
| University |
QS World University Rankings 2022 |
US News & World Report: Best Global Universities 2022 |
|---|---|---|
| Frankfurt School of Finance & Management |
44 |
NA |
| Technical University of Munich |
50 |
74 |
| WHU - Otto Beisheim School of Management |
59 |
NA |
| EU Business School |
131-140 |
NA |
| Munich Business School |
151-200 |
NA |
| Technical University of Berlin |
159 |
330 |
| RWTH Aachen University |
165 |
192 |
| University of Mannheim |
423 |
756 |
| Johannes Gutenberg University |
427 |
230 |
| Leipzig University |
447 |
350 |
| University of Augsburg |
NA |
1251 |
Best Public Universities in Germany for MBA
Germany Public Universities for MBA: In this section we are going to be talking about the best public universities in Germany for MBA.
- Technical University of Munich
- Ludwig Maximillian University Munich
- University of Kiel
- University of Tubingen
- University of Ulm
- University of Stuttgart
- RWTH Aachen University
- Dresden University of Technology
- Johannes Gutenberg University
- University of Bremen
Cost of studying for MBA in Germany (Tuition + Living Cost + German Study Visa)
Cost of studying MBA in Germany: In this section we will brief you on the average cost of studying MBA in Germany and the cost of living in Germany for international students. The average first-year cost of studying MBA in Germany is INR 14 Lakhs. The average cost of living in Germany is around INR 4 Lakhs lakhs per year.
Cost of Living in Germany: Every year, according to the prevailing economic conditions as well as the relevant fees structure, every university would request that a monthly sum be provided for the student to facilitate his living expenses in the country as well as for completing his education, this money is deposited in a Blocked Account. As of January 1, 2022, keeping the rate of inflation in mind, the mandatory amount required in the Blocked Account for studying in Germany is €10,332 for an entire year or €861 for a month.
Student Visa Cost for Germany
If a student wants to stay in Germany for more than 90 days in such a case a residence permit is required or popularly called the German Study Visa. Students will have to pay around €110 as a visa application fee, which is INR 9135.94. Generally, the processing time for a Residence Permit visa is 3 months (8 to 12 weeks).
MBA requirements for Germany – Eligibility Criteria
Candidates looking to pursue MBA in Germany are required to fulfil these primary requirements:
- Candidates must have a bachelor’s degree in a related field
- Most universities require GMAT/GRE scores for admission
- For pursuing MBA in Germany, students must appear in following proficiency tests:
- German Proficiency Tests – Either of the following - Deutsche Sprachprüfung für den Hochschuluzugang (DSH); Deutsches Sprachdiplom der Kultusministerkonferenz (DSD II); Test Deutsch als Fremdsprache (TestDaF); Telc Deutsch C1 Hochschule; Goethe Certificate B2; Telc Deutsch C1 Hochschule; Qualification Assessment examination
- English Proficiency Tests such as IELTS, TOFEL iBT, PTE; followed by a personal interview conducted by some universities.
- Minimum of 2-3 years of work experience (subject to the university admission criteria) for getting enrolled in Germany universities.
Work Permit after studying MBA in Germany
Students who have completed their Master's in Germany (MS in Germany) are eligible to work in Germany after their studies. International students can work for up to 18 months as part of their post-study work permit in Germany. This extended period of 18 months is called a post-study work permit in Germany. During these 18 months, candidates can work on their own initiative and take on any type of work to support themselves. However, if a student wants to permanently stay in Germany, he or she can apply for an ‘EU Blue Card’ - Residence Permit as early as two years after receiving their work visa.
MBA Scholarships for Germany
Scholarships for studying abroad are broadly categorized into merit-based and need-based financial aid. Multiple scholarships for international students applying to German universities are provided by the universities to attract the international crowd and government/private organizations. Candidates who are looking for MS scholarships to study in Germany can view the most comprehensive study abroad scholarships mentioned on our website. Our website currently registers more than 2000 scholarships distributed in 11 countries amounting to over INR 1,315 crores in the total amount.
MBA Jobs & Salaries for Germany
In this section, we are going to be talking about top MBA universities in Germany and their first-year tuition fees and the average salary students can expect after successfully completing their MBA from Germany.
| College Name |
First-Year Tuition Fee |
Average Salaries (Source – emolument) |
|---|---|---|
| Berlin School of Economics |
INR 10.3 lakhs |
$74,000 |
| Frankfurt School of Finance and Management |
INR 39.1 Lakhs |
$240,000 |
| Hamburg University |
INR 5.4 lakhs |
$156,000 |
| Otto Beisheim School of Management |
INR 35.1 lakhs |
$91,000 |
| Technical University of Munich |
INR 17.6 lakhs |
$84,000 |
Top Recruiters for MBA in Germany
In this section, we are going to be discussing the top recruiters for graduates who have studies MBA in Germany.
| University |
Top Recruiters |
|---|---|
| The University of Europe for Applied Sciences |
Google | Amazon |
| University of Mannheim |
Accenture | Roche Pharma AG | Freudenberg SE | EY | Würth | KPMG | PWC |
| Frankfurt School of Finance & Management |
Accenture |Kion Group|BRITA | SAP | EY | KPMG | PWC | UBS |
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MBA in Germany
Q: re there scholarships to study MBA in Germany?
Yes, there various scholarships available for doing an MBA in Germany. Althoug, there almost no tuition fee for doing an MBA from Germany. Majority of the public universities in Germany do not charge any tuition fee for any courses even from international students. However, universities in Germany offer variouis types of scholarships to international students. Besides, there are many external fuding options available for international students.
Q: What exam scores are required for pursuing MBA in Germany?
International students planning to pursue an MBA degree from Germany are required to have satisfactory scores in GRE/GMAT and IELTS/TOEFL. There is no minimum score set for GRE/GMAT for an MBA in Germany and the admission process includes various factors. Therefore, it is hard to tell the minimum GRE/GMAT score. However, international students can check the university website for detailed information on minimum eligiblity for an MBA.
Q: What is the cost of an MBA from Germany University?
The cost of an MBA will vary from college to college. However, the tuition fee in public German Universities are almost zero for international students. So, the cost associated with fee is generally not related wtih the main tuition fees. However, on average it the average first-year cost of studying MBA in Germany is INR 13.52. The average cost of living in Germany is around INR 3.57 Lacs per year.
Q: Is GMAT required for MBA in Germany?
GMAT is almost synonymous with MBA. Almost all the universities in Europe and US require a GMAT score for admission into their MBA programs. In Germany for some top universities GMAT score is required to get into the university. However, it is possible to get into a top buisness school to pursue MBA in Germany without GMAT score. Requirement of a GMAT score is highly optional and will vary from college to college.
Q: Is work experience mandatory for studying MBA in Germany?
MBA is a professional degree, it prepares you to lead and run a business successfully. It is always desirable for an MBA aspirant to have some work-experience. Majority of the universities in the world require some type of work-experience to give admission into their MBA courses. Generally, 2-3 years of work experience is required to get into an MBA programme in German universities. However, it is highly variable and it will depepnd on your college.
Q: Is MBA in Germany Free?
There are universities in Germany that offer free MBA courses for international and local students. This means that you will not have to spend a lot of money on your education but this does not mean that it is free. You will be asked to submit a small amount for the semester. Additionally, as an international student, you will be spending money on rent, food, clothing, etc., which will add to the cost.
Cologne, GermanyPrivate
Munich, GermanyPrivate
Hof, GermanyPublic
Köthen, GermanyPublic
Dresden, GermanyPublic
Vallendar, GermanyPrivate
Coburg, GermanyPublic
