MBA in Germany | Best Colleges/Universities | Requirements | Jobs

 There's a lot of confusion among students regarding pursuing an MBA in foreign countries. They spend too much time deciding which institute to choose. It wastes a lot of their precious time and effort. If you are one such student who desires to study MBA abroad, then you've landed on the right page. There are a lot of countries - that provide a quality education - where you can pursue your MBA course. In this article, we will talk about one such country; Germany. So, let's discuss in detail about MBA in Germany.

MBA in Gemany


Why MBA in Germany?

Germany is considered a hotspot for providing quality education at a reasonable cost. You will get a top-notch study environment and infrastructure with highly skilled faculty. There are many other reasons to choose Germany as a study destination. Here's why you should consider doing MBA in Germany.

• It is home to top colleges in the world. As per the ranking agencies, eight business institutions in Germany rank within the top 100.

• You will get a wide variety of courses and you will be able to choose any one of those courses.

• Germany's business institutions don't charge that much if you compare them with other business institutions of the world.

• Students pursuing MBA in Germany have the luxury of earning as they get a lot of internship opportunities and part-time jobs.

• Getting a visa from a country can be hectic at times, but Germany is considered one of the easiest countries to get a visa.

 

Top MBA Colleges in Germany                                                                  

Here's a list of top MBA colleges in Germany.

 

1. University of Mannheim/Mannheim Business School

Fees: INR - 33,70,843.05               

Duration: One year and three months

QS Ranking: 16

 

2. Frankfurt School of Finance and Management              

Fees: INR - 32,95,065.30               

Duration: 12 months      

QS Ranking: 18

 

3. WHU University – Otto Beisheim School of Management        

Fees: INR - 34,21,874.64               

Duration: 12 months                      

QS Ranking: 24

 

4. ESMT Berlin  

Fees: INR - 36,75,228.00               

Duration: 14 months      

QS Ranking: 30

 

5. HHL Leipzig Graduate School of Management               

Fees: INR - 33,37,137.26

Duration:             12 – 21 months

QS Ranking: 42

 

MBA Courses in Germany For International Students

Different business institutions offer different specializations and MBA Courses in Germany For International Students. Some of these specializations include Leadership, Management, Finance, Entrepreneurship, HR, Innovation, Global Management, Marketing, etc. Below is the list of some of the popular MBA Courses in Germany.

1. MBA in HR

Offered by: University of Applied Sciences Mittelhessen, GISMA Business School

 

2. MBA in International Management

Offered by: Cologne Business School

 

3. MBA in Leadership

Offered by: HHL Leipzig Graduate School of Management

 

4. MBA in Innovation

Offered by: Munich Business School, Berlin School of Business and Innovation

 

5. MBA in Entrepreneurship

Offered by: EU Business School, SRH Hochschule Berlin

 

MBA in Germany Requirements

Following are the MBA in Germany requirements;

1) A certified UG degree

2) A certified mark sheet of your UG degree

3) Good scores in GMAT/GRE/IELTS/TOEFL examinations

4) Reference letter, Motivation Letter, Letter of Intent  (Optional)

5) Work experience (Optional)

 

(Different German universities have different requirements. So, you must check the University website that you're applying for.)

 

MBA in Germany Eligibility

If you want to study MBA in Germany, you need to check the eligibility criteria before applying for any MBA course in Germany. Here's a list of things for MBA in Germany Eligibility;

• You need to have at least 60% marks in your bachelor's degree in any field.

• You need to qualify the entrance exams like GRE, GMAT, etc.

• You should score well in the English Proficiency Tests like TOEFL and IELTS.

 

The admission process to apply for MBA in Germany.

Once you meet the minimum requirements and are eligible to apply for the Masters in Business Administration in Germany, you can apply for any German University via online mode. You first need to scan and convert the required documents into JPG or PDF format. You can then fill out the application form through UniAssist, an online application platform. Although, some universities don't accept applications through UniAssist. You need to visit the official online application platform of those universities. It will guide you through the whole procedure itself. So, you don't need to worry about that.

Once you complete the application submission, you will receive an email from the university. You will receive confirmation that your application has been accepted and is under process. It usually takes a week or two for universities to respond to applicants. It is because all these universities receive a lot of applications from all over the world.

 

MBA in Germany Cost

There are different types of costs that students need to deal with when studying abroad. If we talk about the MBA in Germany Cost (Pre-Arrival), on average, it can be as follows.

• Application Fees + German Student Visa Fees: INR - 17,900

• IELTS + TOEFL Fees: INR - 27,500

• Health Insurance: INR - 6,000 to 14,000

GRE Fees: INR - 15,000 to 17,000

GMAT Fees: INR - 18,000 to 20,000

Travel Expenses: INR - 48,000 to 55,000

 

Cost of Living in Germany

The average cost of living in Germany depends upon various factors. It includes expenses for food and drink, study material, travel, rent, etc. The average cost of living in Germany ranges from INR 1.5 Lakhs to INR 7 Lakhs per month.

 

MBA Germany Fees

If we talk about the average MBA Germany Fees, it ranges from INR - 8 Lakhs to INR - 35 Lakhs. It depends on universities, though, as some universities charge more and some charge less. You can check the official website of each website to know the exact tuition fees.

 

MBA in Germany Without GMAT

Didn't you score well in your GMAT or GRE? Did you miss these exams? Well, you still have the chance to Study MBA in Germany. Some universities in Germany accept applications without GMAT or GRE scores. These include the Berlin School of Economics and Law, Accadis Hochschule Bad Homburg, Technical University of Munich, Cologne Business School, etc. Although, all these require proof of prior work experience in a relevant field. All these universities have their minimum work experience criteria. You can check that on their respective official websites. So, you can Study MBA in Germany Without GMAT, but you can't Study MBA in Germany Without Work Experience.

 

MBA Scholarships in Germany

Even being cheaper than most foreign countries, the MBA in Germany is still costly for most international students. To minimize that cost and provide opportunities for deserving students, MBA Colleges in Germany offer several scholarships to international students. Some of these scholarships cover all the costs, and some cover tuition fees only. These scholarships are offered to international students based on their academic performance and other criteria, which differ with each scholarship. These can either be fully funded by Government organizations or can be funded by NGOs. Some of the popular MBA scholarships in Germany are DAAD, Erasmus+ Scholarships, HHL Young Leader Scholarships, etc.

Here's a list of some of the most popular MBA scholarships in Germany provided by different universities:

 

1) Multiple merit-based scholarships for outstanding and excellent students

Offered by: Mannheim School of Business

Average Scholarship Amount:-

For Outstanding Students: INR - 58,61,310

For Excellent Students: INR - 82,600 to 1,65,300

 

2) FS MBA Scholarship

Offered by: Frankfurt School of Finance and Management

It covers partial tuition fees for all eligible MBA applicants.

 

3) Deutschlandstipendium

Offered by: EU Business School

Average Scholarship Amount:- INR - 25,250

 

4) Scholarship for participants from developing countries Excellent GMAT result scholarships

Offered by: WHU Otto Beisheim School of Management

 

MBA in Germany Jobs

Students who Study MBA in Germany can find jobs with attractive salaries. They can also find placements in Germany and different parts of the world.

Following are some of the different job profiles;

1. Operations Manager

2. Strategist

3. Consultant

4. Business Development Manager

5. Product and Project Manager

6. General Manager

7. Marketing Manager

 

There's one plus point of doing an MBA in Germany. Candidates have the luxury of working in different sectors such as Marketing, Finance, Technology, Automotive, Consulting, Ecommerce, etc.

 

Expected Salary

After completing different MBA Programs in Germany, candidates can expect a handsome salary. It is because demand for MBA qualified professionals is on the rise due to the increase in businesses. If we talk about the average stipend (per annum)of MBA qualified professionals, it ranges from INR - 97,59,412.00 to INR - 1,63,67,200.20.

 

Frequently Asked Questions (FAQs)

1. Can I Study MBA in Germany in English? 

Ans. Yes, you can. Most of the top universities in Germany offer English-taught Masters of Business Administration. It implies that you can Study MBA in Germany in English.

 

2. Is there any 1 Year MBA in Germany?

Ans. Yes, several universities offer one-year MBA programs in Germany. Some of these universities are HHL Leipzig, European School of Management & Technology (ESMT), Munich Business School, etc. All these universities provide this course at different costs. You can check the program costs on their respective websites.

3. Is MBA in Germany Worth it?

Ans: Yes, it is worth the money you will get access to various new things to do plus you can also mange your expensises by part time jobs and by enroling in enturenships and by giving scholarship tests.

 

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