MIM in Germany: Universities, Cost, Eligibility
MIM in Germany for Indian Students: Top Universities, Courses, Duration, Scholarships
Masters in Management in Germany or more commonly referred to as MIM in Germany is an 18-24 months advanced postgraduate degree for students who wish to become successful leaders and gain knowledge in the area of management studies. Seen as an alternative to studying Master of Business Administration (MBA), MIM is a highly popular course in Europe and is designed for candidates looking to start their careers with little or no work experience. Germany is one of the many favoured destinations for studying a Master in Management (MIM) in Europe. According to Shiksha Study Abroad, in total, around 16 Universities in Germany offer MIM course.
Germany with its state-of-the-art universities complete with modern amenities has proved itself to be a leader in the field of Masters in Management studies. Free education at Public universities in Germany, low cost of living, quality education, and g
Masters in Management in Germany or more commonly referred to as MIM in Germany is an 18-24 months advanced postgraduate degree for students who wish to become successful leaders and gain knowledge in the area of management studies. Seen as an alternative to studying Master of Business Administration (MBA), MIM is a highly popular course in Europe and is designed for candidates looking to start their careers with little or no work experience. Germany is one of the many favoured destinations for studying a Master in Management (MIM) in Europe. According to Shiksha Study Abroad, in total, around 16 Universities in Germany offer MIM course.
Germany with its state-of-the-art universities complete with modern amenities has proved itself to be a leader in the field of Masters in Management studies. Free education at Public universities in Germany, low cost of living, quality education, and great job opportunities are some of the top reasons to study in Germany for International students studying Master in Management in Germany. Successful graduates after completing their Masters in Management in Germany (MIM in Germany) can expect a starting remuneration of €48,000 - €93,000 annually. Read on as we talk about MIM Colleges in Germany, how to study MIM in Germany without GMAT and the best public universities in Germany for MIM studies.
MIM in Germany – Highlights
Some of the important highlights for MIM in Germany are given below:
Particulars |
Statistics |
---|---|
MIM Colleges in Germany |
15+ |
Cost of Studying MIM in Germany |
INR 10 L - INR 40 L |
Cost of Living in Germany |
Around €850 to €1,200 monthly |
MIM Specialization |
Business Analytics, Data Analytics, International Business, IT & Systems |
MIM in Germany eligibility |
Bachelor’s Degree + GMAT/GRE scores + IELTS/TOEFL/German Language Proficiency score + Statement of Purpose (SOP) + Letter of Recommendation (LOR) + resume + work experience |
Best MIM Colleges in Germany
A few of the top-ranked MIM Colleges in Germany are WHU, University of Mannheim, Leuphana University, Frankfurt School of Finance & Management, the University of Siegen, etc. The rankings of a few of the top MIM Colleges in Germany are given below:
Universities |
QS World Subject Rankings 2024: MIM |
---|---|
WHU (Otto Biesheim) |
#22 |
#26 |
|
TUM School of Management |
#27 |
EBS Business School |
#41 |
#43 |
|
#63 |
|
#72 |
|
#121-130 |
Read: Top-Ranked MIM Universities in Germany
Top MIM Specialisations in Germany
Here is a list of top MIM Specialisations for Indian students looking to study MIM in Germany. The initial phase of studying MIM focuses on laying a strong foundation for management sciences and allied concepts like analytical skills, and statistical methods. While the latter phase focuses on various specializations that students can select as per their choice. The in-demand specializations for MIM in Germany are given below:
- Business Analytics
- Data Analytics
- International Business
- IT & Systems
- Business Economics
- Finance
- Mathematics
- Project Management
Cost of studying MIM in Germany
A few of the MIM universities in Germany that have no tuition fees are University of Siegen, Leuphana University, University of Jena, etc. The cost of studying MIM in Germany will be between INR 10 L – INR 40 L. While the majority of the universities listed on Shiksha Study Abroad have the tuition fee to study in MIM between INR 10 L – INR 20 L. The tuition fees for some of the MIM colleges in Germany are given below:
University |
First-Year Tuition Fee |
---|---|
University of Tuebingen |
INR 2.73 L |
University of Mannheim |
INR 2.73 L |
International School of Management |
INR 10.38 L |
EU Business School – Munich |
INR 14.21 L |
Frankfurt School of Finance & Management |
INR 16.16 L |
Constructor University |
INR 18.21 L |
ICN Business School – Berlin Campus |
INR 12.6 L |
Cost of Living: To pay the living expenses Indian students may expect to spend between €850 to €1,200 monthly. The components included in the living expenses are accommodation, transportation, utilities, food, etc. Check the details for Cost of Living in Germany for International Students from here.
German Study Visa
Candidates going to study in Germany would require a German Student Visa for their entire duration of stay. The student visa would also allow students access to part-time work for 20 hours a week for the entire duration of the study or 120 full or 240 half days per year. Candidates should note that on completion of their study, they would be allowed an eighteen-month (18 months) post-study period to find employment in their field of study. Students will have to pay around €110 as a visa application fee, which is INR 8,922.16 (1euro=INR 81.11). Generally, the processing time for a Residence Permit visa is 3 months (8 to 12 weeks).
MIM in Germany Eligibility
Universities in Germany either have rolling admissions or fixed admission deadlines. Candidates are required to check the university website or get in touch with our Shiksha Counselling Services for assistance with the admission process to German Universities. However, candidates applying for Masters in Management in Germany are advised to apply early as there are many elements attached to the application process. Getting your academic profile ready, credentials in order, finances, scholarships and English proficiency tests are a few of the entails that are part of the admission process. Candidates looking to pursue MIM in Germany are required to fulfil these primary requirements:
- Candidates must have a bachelor’s degree in a related field of study
- German universities could require GMAT/GRE scores for admission (optional)
- For pursuing MIM in Germany, students must have the below-mentioned language requirements:
- Minimum of 2-3 years of work experience (subject to the university admission criteria) for getting enrolled in German universities. (optional)
- Motivation letters [Statement of Purpose (SOP) / What is a Letter of Recommendation (LOR)] and Admission Essays
- Copy of certificate as well as grades of all lectures in the pre-study
Work Permit after studying MIM in Germany
Students who have completed their MIM 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.
Scholarships to study MIM in Germany
All German universities recognize talent and they value this talent by providing merit-based scholarships that can be found listed on the official website of universities. Candidates should also get in touch with admission officers to inquire about scholarships and ways to apply for the same.
Candidates should note that it is important to apply to universities well ahead of deadlines to keep room for any special requests that the university might have as part of the scholarship application process. And there is a number of study abroad scholarships that are available to students wanting to study abroad provided by public and private organizations to promote education abroad. Candidates can check out the list of study abroad scholarships on our website.
Not everyone would qualify for a study abroad scholarship. Students who don't qualify for financial aid can opt for an education loan to study in Germany. Candidates can apply to India's top education loan providers through Shiksha Study Abroad
Job Prospects for Masters in Management in Germany
The study of Masters in Management has grown to be one of the most popular courses for Indian students wanting to study in Germany and rightly so. In Germany, studying Masters in Management involves the right amount of learning along with numerous training sessions in local and international companies to bring the best talents forward.
Speaking of the job aspects of pursuing MIM in Germany, candidates who have successfully graduated can expect to earn anywhere between €48,000. According to Emolument, the average salary for the MIM degree graduates will be around €93,000 per year. Some of the jobs after MIM in Germany that open up are for profiles are Consultant, Investment Banking, Corporate Finance, Financial Consulting, Business Development, Marketing, Operations, etc. Popular companies that hire MIM graduates in Germany are:
Companies |
Average Salary |
---|---|
Amazon |
€92,650 |
Koch Media |
€52,000 |
NXP Semiconductors Inc. |
€60,000 |
Wayfair |
€35,000 |
(Source: Payscale.Com)
MIM in Germany for Indian Students: Top Universities, Courses, Duration, Scholarships
12.1K+ students got admitted through us.
Guided 841 students to Germany universities.
Commonly asked questions On MIM in Germany: Universities, Cost, Eligibility
Q: Is Germany good for MIM?
Master in Management, commonly known as MIM is an advanced postgraduate course for 18 to 24 months of duration. German universities are known for their quality of education and state of the art amenities. Insignificant tuition fee and an affordable cost of living makes Germany a desirable destination for international students. Thousands of students apply for MIM courses in various German universities.
Q: Is MIM in Germany free?
Yes, international students can pursue MIM in Germany for free. Since, the there is no tuition fee in public German institutions of higher education. Public German universities do not charge any tuition fee either from domestic or international students. However, there are some other fees related to administrative costs that international students have to pay before the start of each semester.
Q: Is GMAT required for MIM in Germany?
No, GMAT is not mandatory or essential for MIM in Germany. German universities put a lot of emphasis on the academic achievements of a student. However, technical universities in Germany and RWTH Achen may require you to submit a GMAT score for their admission process. GMAT is not mandatory but it is always good to have a good GMAT score to make your profile look more desirable than others.
Q: How much does it cost to study in Germany?
MIM colleges in Germany have the tuition fees between INR 10 L – INR 40 L. The majority of MIM Universities in Germany have the tuition fee between INR 20 L – INR 40 L. Check the tuition fees for some of the universities from the table given below:
University | First-Year Tuition Fee |
---|---|
University of Tuebingen | INR 2.73 L |
University of Mannheim | INR 2.73 L |
International School of Management | INR 10.38 L |
EU Business School – Munich | INR 14.21 L |
Frankfurt School of Finance & Management | INR 16.16 L |
Constructor University | INR 18.21 L |
ICN Business School – Berlin Campus | INR 12.6 L |
Also, apart from the tuition fee, students are required to pay the living expenses too. The monthly expenses is around €850 to €1,200 monthly.
We can fast-track your application in a week.
Nandakishor Mutalik + 5 others got admitted through us.
12.1K+ students got admitted through us.
12.1K+ students got admitted through us.
Commonly asked questions On MIM in Germany: Universities, Cost, Eligibility
Q: Which is better MIM or MBA in Germany?
MIM and MBA botth are management degree programs and look similar from outside. A lot of applicants are stuck in the choice between them.
MIM | MBA |
---|---|
It is generally for recent graduates starting a career in business | It is usually for older applicants, already having an established career |
It equips students with theoretical knowledge to start their business career | It equips students wtih professional knowledge to accelerate theri career |
It is typically cheaper than an MBA | it is typically costly than MIM |
Q: Is MIM recognized in India?
Master in Management, also known as, MIM, is relatively a very new course, therefore, there is very less knowledge and acceptance of MIM graduates in Indian companies. In comparison, MBA graduates always get preference over an MIM graduate. However, the MIM degree is in very high demand in other parts of the world such Europe and the USA. But if you are a really dedicated individual you will find a comany in India that hires MIM graduates.
Q: What is the salary of MIM graduates in Germany?
The average salary of a MIM in Germany is between €48,000 - €93,000 per year. The salary as per the popular companies that hire MIM graduates is given below:
Companies | Average Salary |
---|---|
Amazon | €92,650 |
Koch Media | €52,000 |
NXP Semiconductors Inc. | €60,000 |
Wayfair | €35,000 |
Q: How is a Masters in Management in Germany?
The quality of MIM in Germany depends on the university from where a student is studying. A MIM from Germany improves international business knowledge and skills by teaching about the management practices used in International management operations. A few of the factors that make Germany a good destination for MIM are:
- International Environment: Germany is a popular destination among international students. A diverse and multicultural student community study in Germany. This in turn can be a great opportunity for students to network with other fellow students of different backgrounds and cultures
- Low tuition fees: Compared to the US and UK, tuition fees in Germany is relative low. A few of the public universities do not even have the tuition fees
- Employment Opportunities: Germany is popularly known for its strong economy and outstanding job market. Completing a MIM in Germany can enhance career prospects, especially when a student wants to work in Europe
Guided 841 students to Germany universities.
Guided 841 students to Germany universities.
We can fast-track your application in a week.
We can fast-track your application in a week.
Commonly asked questions On MIM in Germany: Universities, Cost, Eligibility
Q: What are the best colleges in Germany to pursue MIM?
Germany has some of the best and top-rated universities in the world. Here we give the list of some of the best colleges in Germany for MIM:
German Universities | QS Business Masters Rankings: Management 2022 | University Status |
---|---|---|
Vallendar, Germany | #18 | Private University |
Munich, Germany | #23 | Public University |
University of Mannheim, Business School, Mannheim, Germany | #24 | Public University |
Frankfurt School of Finance & Management, Frankfurt am Main, Germany | #48 | Private University |
HHL Leipzig Graduate School of Management, Leipzig, Germany | #67 | Private University |
Berlin, Germany | #90 | Private University |
Munich, Germany | #101-110 |
Q: What is the minimum eligibility to study MIM in Germany?
The minimum admission requirements for MIM in Germany will vary from college to college. Each college has its own set of criterias and minimum eligibilit for MIM. However, here we have given the general admision requirements to study MIM in Germany.
Guided 841 students to Germany universities.
Nandakishor Mutalik + 5 others got admitted through us.
19 students got admitted to this university
We can fast-track your application in a week.
We can fast-track your application in a week.
Guided 841 students to Germany universities.
Guided 841 students to Germany universities.
We can fast-track your application in a week.
We can fast-track your application in a week.
Guided 841 students to Germany universities.
12.1K+ students got admitted through us.
Guided 841 students to Germany universities.
We can fast-track your application in a week.
Guided 841 students to Germany universities.
12.1K+ students got admitted through us.
12.1K+ students got admitted through us.
We can fast-track your application in a week.