| Updated On - Nov 21, 2024
Munich, a bustling hub of business and innovation, is the dream destination for aspiring leaders and professionals seeking world-class education. Nestled in the heart of Europe, this vibrant city offers unmatched opportunities for international students to excel academically and launch successful careers. Notably, Munich is home to some of the top-ranked business schools globally. The Technical University of Munich (TUM) School of Management is ranked 28th worldwide in the QS World University Rankings 2025, making it the top German university in the QS ranking for ten years in a row. Additionally, Ludwig-Maximilians-Universität München (LMU) Munich School of Management holds the 59th position globally in the same rankings
To secure admission to Munich's prestigious universities, students need a strong academic background, relevant qualifications, and proficiency in English or German, depending on the program. International applicants must provide transcripts, a valid language test score (like IELTS or TOEFL for English programs), and, in some cases, GMAT/GRE scores can be asked by the universities.
Also Check: MBA in Germany: Fees 2024, Top Colleges, Placements & Salaries
Top Business Schools in Munich
The table below provides an overview of the top business schools in Munich, highlighting their popular programs and their QS World University Rankings for 2025:
| Business School | Popular Programs | QS World University Ranking 2025 |
|---|---|---|
| TUM School of Management | - Master in Management- EMBA in Innovation and Business Creation- Executive MBA | #28 |
| Ludwig-Maximilians-Universität München (LMU) - Munich School of Management | - Master of Science in Management- Master of Business Research- Executive Education Programs | #59 |
| Munich Business School (MBS) | - Bachelor of International Business- Master International Business- MBA General Management | - |
| EU Business School Munich | - MBA in International Business- MBA in Communication & Public Relations- MBA in Global Banking & Finance | - |
| New European College | - Bachelor of Business Administration- Master of Business Management- MBA in International Business | - |
Also Check:
TUM School of Management
TUM School of Management in Munich is one of Germany’s top business schools, known for its strong focus on innovation and research. It offers a wide range of programs, with over 10,000 students from more than 100 countries. TUM is highly ranked by QS World University ranking globally, particularly in technology and engineering, which benefits business students by offering close ties to industry and cutting-edge research opportunities. The table below presents a concise summary of all the key information about TUM School of Management for easy reference.
| TUM School of Management Highlights | |
|---|---|
| Average Tuition Fee | €4000 - €8,000 per semester (₹3,56,320 - ₹7,12,640) |
| Admission Requirement | Bachelor's degree (requiring at least 6 semesters of study) in a relevant field with strong academic performance | Modules in scientific writing (min. 5 ECTS) | Letter of Motivation | CV | 2 Letter of recommendation |
| Language Proficiency Score | IELTS (6.5+), TOEFL (88+) |
| GMAT/GRE Score | 640+ |
| Admission Deadline | Round 1 - March 15, 2025Round 2 -May 31, 2025 |
Ludwig-Maximilians-Universität München (LMU)
Ludwig Maximilian University of Munich is a university with tradition and customs in Germany and is one of the oldest universities in Germany. The courses in this university are designed to train the students well in business and management. Here is a table summarizing the key details about Ludwig-Maximilians-Universität München (LMU):
| Ludwig-Maximilians-Universität München Highlights | |
|---|---|
| Average Tuition Fee | No tuition fees |
| Admission Requirement | Academic Transcript (Bachelor’s degree or equivalent certificate) | Letter of motivation | 2 Letter of recommendation | work experience (3-5 years )| CV |
| Language Proficiency Score | German-taught Programs: TestDaF - Minimum level 4, DSH - Level 2, Goethe Certificate - C2 levelEnglish-taught Programs: IELTS (5.5 to 7.0), TOEFL (79 to 100) |
| GMAT/GRE Score | GMAT: 600+(if required) |
| Admission Deadline | Summer Semester: January 15, 2025Winter Semester: July 15, 2025 |
Munich Business School (MBS)
Munich Business School is a prestigious international business school and the first private university recognized in Bavaria. The university offers programs across business administration, international business, marketing, innovation and entrepreneurship among others. The table below provides a detailed overview of Munich Business School's key highlights that a student should be knowing:
| Munich Business School Highlights | |
|---|---|
| Average Annual Tuition Fee | €24,000 - €45,000 (₹21,37,920 - ₹40,08,600) |
| Admission Requirement | Academic Transcript (Bachelor’s degree and high school transcripts) | Letter of motivation | 2 Letter of recommendation | work experience (3-5 years )| CV |
| Language Proficiency Score | TOEFL (85+), IELTS (6.5+) |
| GMAT/GRE Score | GMAT: 600+ (if required) |
| Admission Deadline | December 15, 2024 |
EU Business School, Munich
EU Business School or European Business School is one of the most reputed and prestigious business schools in Munich, Germany. Other than Munich, the B-school has its campuses in Barcelona, Geneva, and Montreux. EU Business School offers masters & bachelors courses in business administration and management. The university offers programs in the fields of Business Administration, Communication & Public Relations, International Business, Digital Business, Sports Management, Marketing, Finance, and Enterprise among others.
| EU Business School Highlights | |
|---|---|
| Average Annual Tuition Fee | €9,600 - €12,000 (₹8,55,168 - ₹10,68,960) |
| Admission Requirement | Academic Transcript (Bachelor’s degree with GPA of 3.0 on a 4.0 scale) | CV/résumé | 2 Letter of recommendation | 500 words or record a 2 to 3-minute video essay |
| Language Proficiency Score | TOEFL (89+), IELTS (6.5+), PTE (59+), CAE C1 (176+) |
| GMAT/GRE Score | GMAT: 640-710 (if required) |
| Admission Deadline | Three annual intakes:- Term I: October 7, 2024- Term II: January 13, 2025- Term III: March 24, 2025 |
New European College
New European College is a comparatively new private institute in Munich, Germany that offers excellent business programs. Business administration and international management programs are offered by the institution. The table below outlines all the key information about New European College in a concise and easy-to-reference format:
| New European College Highlights | |
|---|---|
| Average Annual Tuition Fee | €9,000 - €12,000 (₹8,01,720 - ₹10,68,960) |
| Admission Requirement | Academic Transcript (Bachelor’s degree) | 2 Letter of recommendation | CV |
| Language Proficiency Score | IELTS (6.5+) |
| Admission Deadline | The New European College, Munich, has six annual intake:
February 2025: December 5, 2024 April 2025: February 13, 2025 May 2025: April 3, 2025 September 2025: July 17, 2025 October 2025: August 28, 2025 December 2025: October 23, 2025 |
Cost of Living in Munich, Germany
The table below outlines the average cost of living in Munich, Germany:
| Expense Category | Average Monthly Cost (EUR) | Average Monthly Cost (INR) |
|---|---|---|
| Accommodation (Shared) | €400 - €800 | ₹35,632 - ₹71,264 |
| Food | €150 - €300 | ₹13,449 - ₹26,898 |
| Transportation | €60 - €100 | ₹5,344 - ₹8,906 |
| Utilities (Electricity, Water, Heating, Garbage) | €150 - €250 | ₹13,449 - ₹22,415 |
| Health Insurance | €80 - €150 | ₹7,183 - ₹13,449 |
| Entertainment & Leisure | €100 - €200 | ₹8,906 - ₹17,812 |
| Miscellaneous Expenses | €50 - €100 | ₹4,453 - ₹8,906 |
Also Check: Cost of Living in Germany: Essential Guide for Indian Students
The strong economy of Germany endorses international students in approaching ventures after graduation. The Business schools in Germany are ideal places to earn entrepreneurial skills and knowledge. Munich, being a technologically advanced city, has its 98% economy established across service and manufacturing sectors. With affordable education and significant post study job opportunities, Munich is an exemplary place for business education.
FAQs
Ques Are business programs in Munich taught in English?
Ans Yes, many business schools in Munich, including TUM School of Management and LMU Munich School of Management, offer English-taught programs to cater to international students.
Ques Are business programs in Munich taught in English?
Ans Yes, many business schools in Munich, including TUM School of Management and LMU Munich School of Management, offer English-taught programs to cater to international students.
Ques Can international students work while studying at business schools in Munich?
Ans Yes, international students are allowed to work part-time while studying, typically up to 120 full or 240 half days per year, which helps them gain valuable work experience in Germany’s dynamic job market.
Ques How important is knowledge of German for business programs in Munich?
Ans While many programs are taught in English, learning German is highly beneficial for internships, part-time work, and enhancing career prospects in Germany post-graduation.
1691403626.png?tr=w-305,h-145,c-force?h=40&w=40&mode=stretch)
1720688571.png?tr=w-305,h-145,c-force?h=175&w=350&mode=stretch)
1721022437.png?tr=w-305,h-145,c-force?h=175&w=350&mode=stretch)
1720692106.png?tr=w-305,h-145,c-force?h=175&w=350&mode=stretch)
Comments