Study MIM in Germany: Top Universities, Eligibility and How to apply?

MIM in Germany: Masters in Management in Germany 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 Masters in Management (MIM) in Europe.

In this article, we are going to be talking about the many important aspects of pursuing MIM abroad. 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, however, candidates are required to pay a semester fee, ranging from €150 - €300, which has to be paid at the start of each semester, the cost of studying for MIM in Germany across private universities start at €11,000 and can go up to €17,000 for a year. Successful graduates after completing their Masters in Management (MIM in Germany) can expect a starting remuneration of €48,000euros - €66,000euros annually. And this would increase with time and added skills and expertise in the trade.  

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Why Study MIM in Germany?

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. Students looking for top reasons to study in Germany include:

• Low tuition fee
• Low cost of living
• State of the art universities that combine knowledge with practical training
• 18 month stay back period
• Candidates are allowed to work a total of 120 full or 240 half days per year
• Availability of Merit-based scholarships

Top Universities for MIM in Germany

In this section, we are going to be talking about the best universities for pursuing Masters in Management in Germany. Candidates are left wondering about the top universities for pursuing MIM in Germany. Not anymore. 

Best MIM Universities in Germany

University in Germany	MIM Course in Germany	Duration of Course
Technical University of Munich Courses & Fees Admission FAQs Ranking	Master of Science (M.Sc.) in Management	2 years (Full Time)
Ludwig Maximilians University Munich Courses & Fees Admission FAQs Ranking	MSc in Management - European Triple Degree - Grande Ecole	2 years (Full Time)
Technical University of Berlin Courses & Fees Admission FAQs Ranking	Master of Science in Innovation Management, Entrepreneurship and Sustainability (IMES)	2 years (Full Time)
University of Mannheim Courses & Fees Admission FAQs Ranking	Master in Management	2 years (Full Time)
Munich Business School Courses & Fees Ranking	Master of Arts in International Marketing and Brand Management	18 months (Full Time)
University of Cologne Courses & Fees Admission FAQs Ranking	Master of Science (MSc) in International Management	2 years (Full Time)

Source: https://studyabroad.shiksha.com/ 

MIM in Germany: Specialization

The initial phase of studying MIM focuses on laying a strong foundation for management sciences and allied concepts like analytical skills, statistical methods. While the latter phase focuses on various specializations that students can select as per their choice. Different MIM specializations are:

• Economics
• Finance
• Analytics
• Accounting
• Marketing

Eligibility for Masters in Management in Germany

In this section, we are going to be talking about the eligibility criteria for Indian students looking to pursue MIM in Germany. Candidates looking to apply for Masters in Management in Germany must have a recognized undergraduate, bachelor or equivalent degree in any management related discipline. Preferable with a GPA of 3.0 and above.

Universities would prefer candidates who have a certain amount of work experience under their belt for pursuing MIM in Germany as compared to candidates with no exposure to work experience. As mentioned earlier, the eligibility criteria to study MIM is not as gruelling as pursuing MBA abroad. However, the requirement of work experience would be on a case by case basis and not relevant for all universities in Germany. Candidates should keep in mind that admission to MIM courses in Germany is competitive due to the high quality of education. Hence, candidates should work on building their academic profile to assure themselves of a seat at a top German university.

Related Reads

• Statement of Purpose for Masters in Management (SOP for MIM)
• Top universities to study MIM in Canada
• MBA vs MIS: The Course of Choice?

Masters in Management in Germany: How to apply?

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 to know about the admission process to German Universities. However, candidates applying to Masters in Management courses or any university in Germany or abroad 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.

When to Apply?

Universities in Germany have rolling admissions or fixed admission deadlines. Read: Admission Deadlines for German Universities

Documents Required

• CV
• Copy of certificate as well as grades of all lectures in the pre-study
• Motivation letters [Statement of Purpose (SOP) / What is a Letter of Recommendation (LOR)]
• Admission Essays
• GRE Scores / GMAT Scores (recommended)
• Proof of German language skills (optional)

English language Tests (optional)

• IELTS
• TOEFL
• PTE

Cost of Studying Masters in Management in Germany?

Cost of studying Masters in Management in Germany: As informed earlier, 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 start at €11,000 and 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.

Also, Read

Study in Germany: Timeline for university intake	Studying in Germany: All you need to know
Job prospects of MIM	Student Guide to Germany

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.

German Student 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.

On getting employment within the said time frame they would be required to convert their post-study visa into a work visa and within two years of being on a work visa, they can apply for a permanent resident permit. In the unfortunate case that the candidate is unable to secure employment in the said 18 month period, which is highly unlikely, especially after pursuing such a demanding course like Masters in Management in Germany, he would be required to return to his home country.

Related Reads

SOP for Germany	Difference between FH and TU Germany
Data Science vs Machine Learning	Computer Science vs Management Information System (MIS)

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

MBA vs MIM

In this section, we are going to study the difference between pursuing MBA abroad and how it is different from pursuing MIM abroad. MBA vs MIM:

Factors	MBA	MIM
Full-form	Master of Business Administration	Master in Management
Preferred by	MBA is designed for experienced professionals. Various colleges prefer professionals with 4 years of experience.	Recent graduates or professionals with one year of experience
Focuses on	Various aspects of business and learn business fundamentals.	A specific business area like marketing, accounting or finance.
Goals	Focuses on career development.	Kickstart the applicants’ careers.
Course curriculum	MBA curriculum has a more practical approach and the teaching is done with the help of case studies.	Focuses more on imparting theoretical knowledge through quantitative courses.
Tuition fee	In the case of an international MBA, the tuition fee can go up to $100,000.	In comparison to MBA, tuition fees for MIM can vary anywhere between $35,000 - $40,000.
Course duration	Generally, the duration of full-time MBA programs is 2 years.	Usually, the duration of MIM programmes is 1 year.
Recognition	An MBA degree is recognized globally.	Many employers look at MIM as just another post-graduate degree.
Career opportunities	With a few years of work experience, MBA graduates are usually hired for mid-level positions.	MIM graduates are generally hired at entry-level positions. They are also popular as analysts.
Salary packages	MBA from reputed schools can fetch up to $100,000.	As MIM graduates are usually fresher’s, their salaries range between $40,000-$50,000.

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