Business Schools in Germany: 2024 Ranking, Fees, Courses, Eligibility

Business Schools in Germany: 2024 Ranking, Fees, Courses, Eligibility

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Shreyashi Pathak

| Updated On - Nov 20, 2024

Business Schools in Germany offer various undergraduate and graduate business, management and leadership programs. The duration of each program is 2-3 years. The mode of instruction of these business schools in Germany is English Language. Business Schools in Germany are most often ranked among QS rankings, Time Higher Education rankings and Financial Times rankings.

The tuition fees for the top business universities in Germany is mostly free, some schools might charge a semester fee of 150 EUR-300 EUR (13,500- 27,000 INR) per year. For students looking to pursue higher education, Germany is quickly climbing to the top of the list. Although engineering continues to be the most popular major among students in Germany, management degrees are increasingly becoming more popular in the corporate sector.

Also Check: Study in Germany

Business Schools in Germany: Top Universities

Given below are a number of the best German colleges that provide different business and management programs in order to make things easier for you.

University QS World University Ranking, 2025 Tuition Fee Popular Courses
EBS University -

€27,830  - €46,020 

(₹2,479,374 – ₹4,101,961)

Bachelor in Business Studies | Master in Finance | Master in Management | MBA
Technical University of Munich #28 No fees  Business Education | Consumer Science | Executive MBA | Finance and Information Management | Master in Management
Ludwig-Maximilians-Universität München #59 No fees Master in Management | Master in Financial and Insurance Mathematics | Masters in Economics
WHU – Otto Beisheim School of Management #126 in business and management

€28,300 – €34,800

(₹2,522,647 – ₹3,100,332)

Master in Management | Master in Finance | Master in Entrepreneurship | Bachelor in International Business Administration | MBA | Master in International Business
Humboldt University of Berlin #126 No fees Business Administration (M.Sc.) | MSc Economics and Management Science
Technical University Dresden #237 No fees MSc International Management | Msc Business Ethics

Why Study in Business Schools in Germany?

Germany is a popular study abroad destination for students all over the world because of its strong higher education system and highly developed economy. Currently, studying management in Germany has numerous benefits and may be the greatest option for any student interested in the business world.

  • German Economy: You'll have the benefit of studying management in the European nation with the strongest economy, which accounts for 28% of the GDP of the euro region. With 3.6%, German unemployment is still among the lowest in Europe, indicating that there is always a need for both products and services and, consequently, for work. 
  • R&D expenditures: In terms of R&D spending, Germany is a regional innovator. The national GDP will be allocated to R&D by the public and commercial sectors at a rate of about 3% annually. This amounts to almost 70 billion EUR yearly. With over 500,000 R&D workers, the nation continues to draw in top-tier talent. 
  • Accreditations from abroad:Due to the state-accreditation, studying at PFH guarantees that you will receive a unified and accredited master's degree that is recognised globally. When applying for the greatest positions, you'll stand out from the crowd if you have a degree like that, and employers will know you have the knowledge and training they require.
  • Staying in Germany after your studies are complete: You'll have the option to remain on and look for a job in Germany once you graduate. The law permits overseas grads to stay an additional 18 months, but if that's what you want, you could decide to stay even longer.

Business Schools in Germany: Admission Requirements

This table provides an overview of the typical requirements you can expect when applying to business schools in Germany:

Requirement Details
Bachelor’s Degree  A recognized undergraduate degree (minimum 3–4 years) in any discipline is mandatory.
GMAT/GRE Scores  GMAT: 600+ (preferred for top schools like WHU, ESMT, Mannheim).
 GRE: Equivalent scores accepted as an alternative.
Language Proficiency

 English Taught Program: IELTS: 90–100+ or IELTS: 6.5–7.0.

 German Taught Program: TestDaF: TDN 4 in all four sections (Reading, Listening, Writing, Speaking).
Work Experience  2–5 years for MBA programs (varies by program).
 Not mandatory for MSc programs, though internships are preferred.
Academic Performance  Strong academic record with a GPA of 2.5 + 
Statement of Purpose (SOP)  A well-written SOP highlighting career goals, motivations, and alignment with the program.
Letters of Recommendation  1–3 letters from professors or employers endorsing the applicant’s abilities.
Resume/CV  Updated CV showcasing educational background, work experience, and extracurricular activities.
Interview  Many schools conduct interviews (in-person or virtual) to assess the candidate’s fit.
Application Fee  Application fees range from €50–€150 (₹4,455–₹13,364)
Additional Tests  Some schools have their own entrance tests (if GMAT/GRE is not submitted).

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Cost of Living

Living in Germany can be expensive for an international student. The following section discusses the cost of livinng in  a apartment and other costs like utilities, food and personal expenses.

Apartment Type Average Monthly Rent (EUR) Average Monthly Rent (INR)
1 Bedroom Apartment (Downtown) €745 ₹67,045
1 Bedroom Apartment (Suburbs) €560 ₹50,396
3 Bedroom Apartment (Downtown) €1,428 ₹1,28,512
3 Bedroom Apartment (Suburbs) €1,067 ₹96,024
Expenses Cost in EUR Cost in INR
Food €168 ₹15,119
Clothes €42 ₹3,779
Transport €94 ₹8,459
Internet and Tv €31 ₹2,789
Work/study materials €20 ₹1,799

Business Schools in Germany: Scholarships

Germany attracts around 3,50,000 international students who seek to study in the country. Studying in Germany is not very expensive. However, it might be difficult for international students to pay the monthly living expenses in Germany, which can be close to EUR 1200. Therefore, there are several financial assistance opportunities for overseas students that they can use to fund their living expenses,

Scholarships Eligibility Criteria Amount
DAAD Scholarship merit-based scholarships EUR 850 – EUR 1,200 per month (75,000- 1,50,000 INR)
The Friedrich Ebert Stiftung International students inclined towards social and political matters 1000 EUR per month
RWTH Aachen University Scholarships Merit based 50% of tuition fees
Leipzig Graduate School of Management Scholarship International students enrolled in Msc courses Varies

Also Check: List of Popular Scholarships in Germany

Business Schools in Germany: Job Opportunities

Employment following a management degree are many in Germany and greatly influenced by the field of study that you decide to pursue. Depending on the work profile and field, the yearly pay in Germany for management professionals might range from 45,000 EUR to 70,000 EUR (40-63 Lakh INR). Given below is the average salary after MBA in Germany for various job profiles:

Business Schools in Germany: Job Opportunities

Job Profile Average Annual Salary (in EUR) Average Annual Salary (in INR) Top Recruiters (in Germany)
Business Development Manager 54,462 49.18 Lakh Siemens, Bosch, SAP, Bayer, Deutsche Bank,Bosch, Merck
Operations Manager 50,734 45.81 Lakh BMW, Lufthansa, Volkswagen Group, Daimler, BASF, Mercedes-Benz
Marketing Manager 45,876 41.42 Lakh Adidas, Henkel, Procter & Gamble, Allianz, Zalando,BMW, Merck
General Manager 67,468 60.92 Lakh Siemens, Deutsche Telekom, Volkswagen, Bayer, E.ON
Project Manager 60,224 54.38 Lakh Siemens Energy, ThyssenKrupp, Bosch, Deutsche Post DHL, SAP

Also Check: Jobs in Germany: Top Employers, Roles, Salary

Due to its high standard of instruction, diverse faculty, program's worldwide applicability (because the majority of courses are management courses in Germany with English instruction), and many other factors, Germany is quickly becoming renowned for its management programme. Educational system in Germany is known for its quality, research, welcoming environment and affordability. For some universities, there is no tuition fee, whereas the return of investment is high.

FAQs

Ques. Is business studies free in Germany?

Ans. In Germany, the majority of public colleges provide tuition-free education. Administrative costs for a semester of business study at one of Germany's public institutions are only up to EUR200 ($243). This is true at the majority of public institutions in Germany for both domestic and foreign students.

Ques. Can I work while studying at a Business School in Germany?

Ans. Yes, international students can work part-time in Germany. You are allowed to work up to 120 full days or 240 half days per year during your studies.

Ques. Are there any age restrictions for applying to Business Schools in Germany?

Ans. No, there are no specific age restrictions for applying to business schools in Germany. However, most MBA programs prefer applicants with work experience, so the average age tends to be higher.

Ques. Is a German MBA worth it?

Ans. Universities in Germany have disclosed that their MBA graduates find employment as soon as three months after completing the programme and make an average salary of at least 55,000 Euros. They provide useful skills and may open doors to career paths in Germany. However, global rankings don't always reflect these facts. For instance, the Financial Times Top 100 MBA ranking includes just 3 German schools.

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