MIM in Germany

MIM in Germany: Masters in Management in Germany or more commonly referred to as MIM in Germany is an 18 to 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 Master in Management (MIM) in Europe.

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, and an 18-month post-study work permit are some of the top reasons to study in Germany for International students studying Masters in Management in Germany. 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

MIM Colleges in Germany	90+
Cost of Studying MIM in Germany	Public Universities: No Tuition Fee Private Universities: €11,000 - €17,000
Cost of Living in Germany (Blocked Account)	€10,332 per year
MIM Specialization	General Management, Economics, International Business,  Finance, Marketing,  Entrepreneurship and Supply Chain.
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

MIM is popular in Europe as MSc in Management. MIM or MSc in Management are designed for candidates with little or no work experience and who are looking to start their careers in the field of management. Indian students wanting to pursue MIM in Germany are required to have a Bachelor's or equivalent degree in any management related discipline. While public universities in Germany do not charge a tuition fee, the cost of studying for MIM in Germany across private universities starts at €11,000 and can go up to €17,000 for a year. Successful graduates after completing their Masters in Management in Germany (MIM in Germany) can expect a starting remuneration of €48,000euros - €66,000euros annually.

Best MIM Colleges in Germany

MIM in Germany Public Universities: In this section, we are going to be talking about the best universities for MIM in Germany for International students. While there are multiple ranking organisations that publish ranks every year. We have opted to follow the QS Subject Ranking for top MIM colleges in Germany 2022. For the benefit of our readers, we have also marked the popular public universities in Germany for MIM.

German Universities	QS Business Masters Rankings: Management 2022	University Status
WHU (Otto Beisheim), Vallendar, Germany	#18	Private University
TUM School of Management, 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
ESMT Berlin, Berlin, Germany	#90	Private University
EU Business School Munich, Germany	#101-110	Private University

Read: Universities in Germany that Teach in English 

Public Universities in Germany for MIM

MIM in Germany public universities: In this section, we are going to be talking about public universities in Germany for MIM. 

Technical University of Munich	Free University of Berlin	Ludwig Maximilians University Munich
Humboldt University of Berlin	RWTH Aachen University	University of Hamburg
Technical University of Berlin	University of Mannheim	University of Bonn
Heidelberg University - Germany	University of Stuttgart	Leipzig University
University of Cologne	Hamburg University of Technology	Karlsruhe Institute of Technology
Technische Hochschule Ingolstadt	Technische Universität Darmstadt	University of Kiel
Goethe University Frankfurt	Johannes Gutenberg University	University of Bayreuth

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. Different MIM specializations are:

• MIM in General Management in Germany
• MIM in Business (others) in Germany
• MIM in Economics in Germany
• MIM in International Business in Germany
• MIM in Finance in Germany
• MIM in Marketing in Germany
• MIM in Entrepreneurship in Germany
• MIM in Supply Chain in Germany

Cost of studying MIM in Germany

This section will brief you on the average cost of studying MIM in Germany and the cost of living in Germany for international students. Public universities in Germany do not require students to pay tuition fees, however, they are required to pay a semester fee, ranging from €150 - €300 at the start of every year. However, the cost of studying MIM in Germany across private universities starts at €11,000 and can go up to €17,000 for a year.

Cost of Living in Germany: Candidates looking to live in Germany are required to open a Blocked Account. The Blocked Account has the required living expense for a student. This amount is decided by the government in Germany. As of January 1, 2021, keeping the rate of inflation in mind, the mandatory amount required in the Block Account for studying in Germany is €10,332 for an entire year or €861 for a month.

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 their 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:

1. Candidates must have a bachelor’s degree in a related field of study
2. German universities could require GMAT/GRE scores for admission (optional)
3. For pursuing MIM in Germany, students must have the below-mentioned language requirements:
   1. Knowledge of the German Language for admission to Public Universities in Germany by appearing for German Proficiency Tests
   2. Knowledge of the English language by appearing for the following English Proficiency Tests such as IELTS, TOFEL iBT or PTE 
4. Minimum of 2-3 years of work experience (subject to the university admission criteria) for getting enrolled in Germany universities. (optional)
5. Motivation letters [Statement of Purpose (SOP) / What is a Letter of Recommendation (LOR)] and Admission Essays
6. 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.

MIM Salary in Germany: When coming to job aspects of pursuing MIM in Germany, candidates who have successfully graduated can expect to earn anywhere between €48,000 to €66,000 annually. And the salary would gradually increase as the candidate would gain more experience and knowledge in studying MIM in Germany or anywhere around the world. Read: Popular Job Sectors in Germany

Popular job roles for Masters in Management Graduates

Business Development

ManagerDigital/Social Media Manager

Project Manager

MIM Jobs & Salaries for Germany

In this section, we are going to be talking about top MIM universities in Germany and their first-year tuition fees and the average salary students can expect after successfully completing their MIM in Germany.

University Name	First-Year Tuition Fee	MIM Average Salaries *
ESMT Berlin	INR 12,46,227	€53,000 Euros
Frankfurt School of Finance and Management	INR 13,72,962	$200,000
Ludwig Maximilians University Munich	INR 16,89,800	$171,000
Otto Beisheim School of Management	INR 16,04,296	$70,000

*(Source – emolument)

Rahul Singha05-19-2022 18:01