Study MIM in Germany: Top Universities, Eligibility and How to apply?
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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 EUR 150 - EUR 300 (INR 13.7 K - 27.5 K), which has to be paid at the start of each semester, the cost of studying for MIM in Germany across private universities start at EUR 11,000 (INR 10 L) and can go up to EUR 17,000 (INR 15.5 L) for a year. Successful graduates after completing their Masters in Management (MIM in Germany) can expect a starting remuneration of EUR 48,000 to EUR 93,000 (INR 44 L - 85 L) annually. And this would increase with time and added skills and expertise in the trade.
Related Reads:
| Top MIM colleges that do not require GMAT or GRE scores | |
- Why Study MIM in Germany?
- Top Universities for MIM in Germany
- MIM in Germany: Specialization
- Eligibility for Masters in Management in Germany
- Masters in Management in Germany: How to Apply?
- Cost of Studying Masters in Management in Germany
- Scholarships to Study MIM in Germany
- German Student Visa
- Do You Need GMAT or GRE for MIM in Germany?
- List of universities that may not need GMAT or GRE
- Job Prospects for Masters in Management in Germany
- MBA vs MIM
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 |
|---|---|---|
| 2 years (Full Time) |
||
| 2 years (Full Time) |
||
| Master of Science in Innovation Management, Entrepreneurship and Sustainability (IMES) |
2 years (Full Time) |
|
| 2 years (Full Time) |
||
| Master of Arts in International Marketing and Brand Management |
18 months (Full Time) |
|
| 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
- Human Resources
- Financial Management
- Strategic Management
- International Business
- Entrepreneurship
- Analytics
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.
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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. Usually, German universities accept international applications in two major intakes: Summer (Mar/Apr start) intake and Fall (Aug/Sep start) intake. Note that Fall intake are open for most of the courses. However, Summer intakes are open for selective courses only.
Read: Admission Deadlines for German Universities
Documents Required
We have listed below documents required to apply for Master's in Management in Germany:
- 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)
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 EUR 150 - EUR 300 (INR 13.7 K - 27.5 K) at the start of every year. However, the cost of studying MIM in Germany across private universities start at EUR 11,000 (INR 10 L) and go up to EUR 17,000 (INR 15.5 L) 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. This amount is decided by the government in Germany. As of January 1, 2024, keeping the rate of inflation in mind, the mandatory amount required in the Block Account for studying in Germany is EUR 11,208 (INR 10.2 L) for an entire year.
Also Read:
| Job prospects of MIM |
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) |
Do You Need GMAT or GRE for MIM in Germany?
Many students planning to study Masters in Management (MIM) in Germany ask this question: is GMAT or GRE needed? The answer is not always. Some universities ask for it, some don’t. It depends on where you apply.
Is GMAT or GRE required for MIM in Germany?
- Most public universities in Germany do not require GMAT or GRE scores for MIM courses.
- Some private universities or international programs may recommend or ask for the scores.
- Even if the test is not required, a good score can still help you if you are applying to a top or competitive course.
When should you take GMAT or GRE?
You can take GMAT or GRE if:
- The university website says the test is required.
- Your bachelor’s marks are low and you want to show extra skills.
- You are applying to a program with many applicants.
- You are trying for a scholarship that looks at test scores.
- You want to apply to business schools in other countries too, not just Germany.
List of universities that may not need GMAT or GRE
Here are some top universities in Germany where many MIM courses do not ask for GMAT or GRE:
- University of Mannheim
- Ludwig Maximilian University of Munich
- Technical University of Berlin
- University of Cologne
- WHU – Otto Beisheim School of Management (test is optional)
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 EUR 48,000 (INR 44 L) to EUR 93,000 (INR 85 L) 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
- Manager Digital / 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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A GRE score of 320 is considered very good for universities in Germany. Most top German universities typically require a GRE score of 315+ for competitive programs. A score of 320 would put you in a strong position for admission and potentially for scholarship opportunities.
As per the ratio of admissions to applications, the Technical University of Munich acceptance rate stands at merely 8%. Since, the stats are on very low end, we can conclude that it is a competitive university to get in, as it admits less than half of the applicants. However, students must note get discouraged and fulfill all the TU Munich admission requirements, i.e.; academic qualifications, standardized test scores, English language requirements, as well as relevant documents, to boost their chances of securing an admission in the university. Also, students must apply to TUM Germany within the deadlines in order to get enrolled as a student.
Note: The data has been derived from the unofficial sources and is subjected to changes.
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Business Analytics graduates in Germany excel in their career. On a usual basis, the graduates of Master's in Management Germany earn EUR 48,000 (INR 44 L) to EUR 93,000 (INR 85 L) per annum. Note that this salary is expected to grow every year, based on your skill set and performance. Some of the job roles that you can take up are listed below:
Human Resources Manager
Training Manager
General Operation Manager
Sales Manager or Business Development Manager
Associate Consultant
Business Analyst
Investment Banking Analyst
Marketing Analyst