Last Updated on September 14, 2024
MBA in Germany is a postgraduate degree program lasting 1-2 years. You can study this program full-time or part-time. The specialisations most liked by Indian students and offered by top colleges for MBA in Germany are general management, marketing management, financial management, entrepreneurship and supply chain management. You need a bachelor’s degree and a minimum GMAT score of 600 to enter the program.
With its strong educational system, Germany is a prestigious study destination for international students. What’s more? You can study in Germany for free. Yes, free! It’s an opportunity that’s both unbelievable and exciting.
Studying in Germany offers a top-notch education and relieves you from the financial burden. This mainly benefits the students by allowing them to focus entirely on their studies, relieving them from stress, and immersing themselves wholly in their academic pursuits. That said, Germany is an excellent country for an MBA.
In this article, we will discuss why you should study MBA in Germany.
Why Pursue an MBA in Germany?
Here are some reasons for you to pursue an MBA in Germany
- Low or no tuition fees: One of the most significant advantages of studying for an MBA in Germany is that most Universities don’t charge tuition fees, even for international students. Ninety per cent of the universities in Germany are public, so they are free of tuition fees. The remaining 10 percent are private, charging tuition fees as low as INR 182206. Thus, Germany is an affordable place for international students to study.
- Countless degree courses: Germany has top Universities that offer many classes to its students. Engineering is an essential course and is offered at all universities in Germany. However, other courses, such as medical and pharmacy, are also taught globally and recognised globally.
- Job Opportunities for International Students: German law allows international students to work part-time for a limited 20 hours per week or 120 days annually. More than 60% of international students studying in Germany are employed there.
- Cultural and Historical Heritage: Germany has a long and rich history, which we certainly don’t know about. However, studying for an MBA in Germany allows you to dive deep into German history.
- Supportive Environment for International Students: Germany offers a supportive environment for international students. It provides help and facilities for international students, such as language and integration courses and international student support.
Top 10 MBA Colleges in Germany
According to QS World University Rankings for 2024, the top 10 MBA colleges in Germany are:
| Universities | QS World Rankings for 2024 |
| Technical University of Munich | 37 |
| Ludwig-Maximilians-Universität München | 54 |
| Universität Heidelberg | 87 |
| Freie Universitaet Berlin | 98 |
| RWTH Aachen University | 106 |
| KIT, Karlsruhe Institute of Technology | 119 |
| Humboldt-Universität zu Berlin | 120 |
| Technische Universität Berlin (TU Berlin) | 154 |
| Albert-Ludwigs-Universitaet Freiburg | 192 |
| Universität Hamburg | 205 |
Top 5 MBA colleges in Germany: Details
Mannheim Business School
Part of the University of Mannheim, The Mannheim Business School is Germany’s top public business school.
It is renowned for its rigorous one-year full-time MBA program, strong alumni network, and quantitative methods.
Admission Criteria:
The Admission criteria for Mannheim Business School include:
- Three years of PG working experience
- GMAT/GRE Scores (551-671)
- English proficiency test scores
An Overview of Mannheim Business School
| Parameters | Details |
| Course Length | 12-15 Months |
| First Year tuition fees | €43,500 |
| Scholarships | MBS Excellence Scholarship for Indian StudentsMBS India Global Scholarship |
| Top 3 MBA Courses | Strategic ManagementFinancial AccountingMarketing Management |
Frankfurt School of Finance and Management
The Frankfurt School of Finance and Management is a globally recognised business school in Germany. It offers various MBA programs in finance, management, and data science. Its programs are designed to equip students with the skills and knowledge needed to succeed in today’s competitive business environment.
Admission Criteria:
The Admission criteria for the university are:
- Three years of PG working experience
- A Bachelor’s degree
- GMAT/GRE Scores (550-670)
- English proficiency test scores
An Overview of The Frankfurt School of Finance and Management
| Parameters | Details |
| Course Length | 12-15 Months |
| Average tuition fees | €38,500 to €46,000 |
| Scholarships | FS MBA Scholarship for ExcellenceFS Diversity Scholarship |
| Top 3 MBA Courses | Managerial EconomicsBusiness LawGlobal Strategy |
WHU (Otto Besisheim)
Otto Beisheim School of Management (WHU) is a top business school in Germany. Its MBA programs have high global rankings. The program is designed to give students the abilities and understanding needed for success in today’s global business setting.
The curriculum includes business subjects like finance, marketing, strategy, and leadership. The MBA program at WHU is a good option because it emphasises practical learning and gaining real-life experience.
Admission Criteria:
The Admission criteria for the university are:
- Three years of PG working experience
- A Bachelor’s degree
- GMAT/GRE Scores (551-672)
- Letter of recommendation
- English proficiency test scores
An Overview of WHU (Otto Besisheim)
| Parameters | Details |
| Course Length | 12-16 Months |
| Average tuition fees | €36,000 to €47,000 |
| Scholarships | WHU MBA ScholarshipWHU Diversity Scholarship |
| Top 3 MBA Courses | Entrepreneurship and InnovationFinancial ManagementManagerial Economics |
ESMT Berlin
ESMT Berlin is a top MBA college in Germany. It focuses on innovation and sustainability and equips students with the skills and knowledge required to sustain in today’s competitive environment.
Admission Criteria of ESMT Berlin to study MBA in Germany
The Admission criteria for the university are:
- Two years of PG working experience
- A Bachelor’s degree
- GMAT/GRE Scores (551-671)
- Statement of Purpose
- Letter of recommendation
- English proficiency test scores
An Overview of ESMT Berlin
| Parameters | Details |
| Course Length | 12-18 Months |
| Average tuition fees | €39,000 to €44,000. |
| Scholarships | ESMT Diversity ScholarshipESMT Scholarships |
| Top 3 MBA Courses | Leadership DevelopmentInternational BusinessCorporate Finance |
HHL Leipzig Graduate School of Management
Established in 1898, HHL Leipzig Graduate School of Management is among Germany’s earliest and most highly regarded business schools.
A full-time MBA is a rigorous program that takes one year to complete and aims to cultivate versatile leaders with robust business understanding. This course focuses on valuable abilities and worldwide aspects, readying students for triumph in today’s corporate setting.
Admission Requirement of HHL Leipzig Graduate School of Management to study MBA in Germany
The Admission criteria for the university are:
- Two years of PG working experience
- A Bachelor’s degree
- GMAT/GRE Scores (550-670)
- Letter of recommendation
- English proficiency test scores
An Overview of HHL Leipzig Graduate School of Management
| Parameters | Details |
| Course Length | 15-21 Months |
| Average tuition fees | €39,000 to €42,000. |
| Scholarships | HHL Diversity ScholarshipsHHL Scholarships |
| Top 3 MBA Courses | Corporate FinanceOperations Management Business Ethics and Corporate Governance |
MBA in Germany Admission requirements
Universities in Germany accept applications twice a year for their winter and fall sessions.
Eligibility criteria for Indian students to Study MBA in Germany
To pursue an MBA in Germany, Indian students must follow these eligibility criteria:
- Must hold an undergraduate degree
- English language proficiency proof (TOEFL, IELTS)
- Must have taken the GMAT/GRE with the required scores (550-671)
- Two letters of Recommendation
- Statement of Purpose
- CV
- Work experience
MBA in Germany University Requirements
The table below contains the University-specific admission requirements for MBA in Germany.
| University | GMAT Score | Language Proficiency Score | Work Experience |
| Saarland University | 400 | TOEFL: 62 PTE: 58 | 1 year |
| University of Bayreuth | 600 | DSH-1 | 2 years |
| ESMT Berlin | 650 | IELTS: 7.5TOEFL: 96 PTE: 65 | 3 years |
| Frankfurt School of Finance and Management | 640 | IELTS: 7.5TOEFL: 91 | 7 years |
| Munich Business School | 600 | IELTS: 6 TOEFL: 86 PTE: 58 | 2 years |
| HTW Berlin | – | IELTS: 7 TOEFL: 95 | 1 year |
| Reutlingen University (ESB Business School) | 550 | IELTS: 6.0 | 2 years |
| Hochschule Pforzheim | 550 | TOEFL: 88 | 2 years |
| GISMA Business School | 650 | IELTS: 6.0PTE: 62 | 3 years |
| Technical University of Munich | 640 | IELTS: 6.0 TOEFL: 89 | 3 years |
| WHU-Otto Beisheim School of Management | 600 | IELTS: 7.5 TOEFL: 100 | 2 years |
| RWTH Aachen University | 600 | IELTS: 6.5TOEFL: 90 PTE: 62 | 2 years |
| SRH Berlin University of Applied Sciences | – | IELTS: 6.0 TOEFL: 88 DSH prufung: Level 2 PTE: 58 | 2 years |
| Leipzig University | 600 | IELTS: 7.5 TOEFL: 91 | 3 years |
Cost of Studying in Germany for Indian Students
As mentioned, public universities in Germany are accessible even to international students. However, the average cost of pursuing an MBA in public universities in Germany ranges between INR 27,000 and INR 40,000.
You can expect to pay around INR 38 L for the entire degree at other universities.
Cost of living in Germany for Indian students
A breakdown of some of the cost of living in Germany for Indian students is mentioned below:
| Rent per month | EUR 851- EUR 1,300 |
| Basic Utility (Monthly) | EUR 160 |
| Transportation | EUR 90 |
| Miscellaneous Expenses | EUR 510 |
| Total Monthly Expenses | EUR 1,590 – EUR 2,740 |
Average Salary of an MBA Graduate in Germany
The corporate world highly values MBA graduates because they possess a specialised skill set, which makes them among the top earners in professional jobs.
Germany has a flourishing job market for MBA professionals, especially in the healthcare, consulting, logistics, and information technology sectors. The education field and finance also provide many opportunities.
Here is the average salary you can expect after pursuing an MBA in Germany
- MBA graduates in Germany range from €55,000 to €78,100 per year.
- An MBA professional is $200,000 per year.
- Executive MBA holders can expect to earn an average of $105,000 annually.
Other Affordable Colleges for MBA in Germany
Other affordable colleges for MBA in Germany are:
- Humboldt University of Berlin: €316.64 per semester
- University of Bremen: €310 per semester
- University of Cologne: €335 per semester
- Technical University of Berlin: €114.09 per semester
- University of Göttingen: €344.26 per semester
Conclusion
An MBA degree is an excellent addition to your career. It equips you with the skills and knowledge required to become a successful leader. Pursuing an MBA in Germany can boost your career to great heights. It has some of the best MBA universities in the world that offer excellent educational opportunities and placements.
The best universities and business schools in Germany, such as Mannheim Business School, Frankfurt School of Finance and Management, and WHU, offer different MBA programs. These courses give students essential abilities and prepare them for success in the worldwide business setting.
If you have decided to study for an MBA in Germany, contact Admissify ASAP, as we can help you start your journey of studying abroad smoothly. Our team of experts and counsellors will guide you through every step till and after you reach your destination.
FAQs
What are the top MBA colleges in Germany?
The top MBA colleges in Germany include WHU (Otto Besisheim), Frankfurt School of Finance and Management, and Mannheim Business School.
Are there any scholarships available for Indian students pursuing an MBA in Germany?
Yes, many scholarships are available in Germany for Indian students pursuing an MBA.
Is GMAT necessary to pursue an MBA in Germany?
Yes, most colleges in Germany require GMATs for students to pursue an MBA.
Is Germany a good option for Indians to pursue an MBA?
Germany is an excellent choice for Indian students who want to pursue an MBA. It has an excellent education system and a booming economy with many job opportunities.
Aakriti Kumari is a passionate content writer who finds solace in the world of books. An avid reader from a young age, she has cultivated a deep love for the written word. When she’s not crafting compelling content, you can find her lost in the pages of a captivating novel. Aakriti shares her literary adventures and book recommendations on her Instagram account, @aakthereader, dedicated to her love of reading. With a keen eye for detail and a gift for storytelling, she brings words to life, inviting readers on a journey through her writing.
