Content Strategy Manager | Updated On - Jul 4, 2024
MBA in Germany Highlights
- Program Types: MBA in Germany is offered in full-time and part-time formats, lasting 1-2 years.
- Intakes: German universities have dual intakes for MBA – in January and September.
- Eligibility: A bachelor's degree, 2-5 years of work experience, and GMAT scores (600-640) are required for MBA admissions in Germany.
- Cost: Public German universities offer tuition-free MBA, with a low semester fee (€200-€1,400). Private universities charge €8,000 to €50,000 annually.
- Salary Potential: Graduates of MBA in Germany can earn an average salary of 35,000 to 80,000 EUR annually.
- Top Recruiters: Companies like Wipro, Airbus, Microsoft, Siemens, Bosch, and Adidas hire MBA graduates from Germany.
- Masters in Business Administration at Frankfurt School of Finance & Management:
QS Global MBA Ranking: #45 | First-Year Tuition Fee: INR 38,23,260 - Full-Time MBA at Mannheim Business School:
QS Global MBA Ranking: #46 | First-Year Tuition Fee: INR 38,68,775 - Full-Time MBA at WHU (Otto Beisheim):
QS Global MBA Ranking: #58 | First-Year Tuition Fee: INR 39,14,290 - MBA at HHL Leipzig Graduate School of Management:
QS Global MBA Ranking: #121-130 | First-Year Tuition Fee: INR 35,95,685 - MBA at EU Business School:
QS Global MBA Ranking: #141-150 | First-Year Tuition Fee: INR 19,93,557 - Germany has the most powerful economy, the 4th largest in the world, which leads to growing career opportunities for Indian students.
- MBA in Germany is offered by several well-known and accredited B Schools in Germany such as SRH: Berlin University of Applied Sciences, Technical University of Munich, etc.
- Germany offers an 18-month job search visa after graduation, giving you ample time to find employment.
- Some public universities in Germany offer tuition-free or low fee MBA programs. However, MBA in Germany is not free as some semester fees is charged even by the public universities.
- MBA in Germany offers an annual salary range of 35,000 to 80,000 EUR (31 lakhs to 71 lakhs INR).
- There is a growing deficit in Germany’s labor force, so Indian students with MBA in Germany can secure a Blue Card, granting them the right to work and reside in the country.
- International students can pursue MBA in Germany without GMAT across some top universities.
- Bachelor’s degree in Business, Economics, Industrial Engineering, or equivalent from a recognized university
- Official or certified copies of transcripts
- GMAT score of at least 600
- 2 professional and 1 academic LOR
- Passport size photos
- 500-word SOP for MBA
- An updated Resume or Curriculum Vitae
- Valid Passport
- Germany Student Visa
- University of Kiel
- University of Tubingen
- University of Ulm
- Berlin School of Economics and Law
- University of Kiel
- Reutlingen University
- After completing your course, you can apply for an 18-month Residence Permit to seek employment related to your field.
- During this period, you're allowed to work in any job to sustain yourself and fund your job search.
- Keep in mind, that getting a residence permit depends on your qualifications and the job market demand.
- Germany also offers the EU Blue Card for non-EU citizens, serving as proof of legal stay for work.
- To qualify, you need a university degree and a signed contract with a German company offering a fixed salary.
- Bachelor’s degree in Business, Economics, Industrial Engineering, or equivalent from a recognized university
- Official or certified copies of transcripts
- GMAT score of at least 400 to 600
- Practical work experience of at least 1-3 years
- 2 professional and 1 academic LOR
- Passport size photos
- 500-word SOP for MBA
- An updated Resume or Curriculum Vitae
- Proof of English Proficiency:
- IELTS: 5.5 to 7 (with at least 5 to 6.5 in each band)
- TOEFL iBT: 61 to 100 overall score
- PTE: 64-76
- Valid Passport
- Germany Student Visa
- MBA Degree: You must have completed your MBA degree from a recognized university in Germany.
- EU Blue Card: You need to have applied for and obtained an EU Blue Card, which allows you to work in Germany.
- Employment: Find a full-time job in your field related to your MBA specialization.
- Duration: After holding the EU Blue Card for 33 months, you become eligible to apply for Permanent Residency.
- Health Insurance: Maintain sufficient health insurance coverage.
- Language Skills: Possess basic German language skills equivalent to level B1.
- University of Mannheim: 39,900 EUR per year (INR 35,53,593.46)
- University of Cologne: 50,000 EUR per year (INR 44,53,124.63)
- Technical University of Munich: 39,000 EUR per year (INR 34,58,833.19)
- RWTH Aachen University: 35,000 EUR per year (INR 31,05,927.27)
- Berlin School of Applied Sciences: 21,000 EUR per year (INR 18,63,556.36)
- Berlin School of Business and Innovation: €9,000 per year (INR 711,105)
- GISMA Business School: €18,000 per year (INR 1,422,210)
- Munich Business School: €32,000 per year (INR 2,528,373)
- ESMT: €26,000 - €60,000 per year (INR 2,054,303 - INR 4,740,700)
- HHL Leipzig: €34,500 per year (INR 2,725,902)
MBA in Germany is a 1-2 year-long postgraduate degree program available full-time and part-time. Popular specializations among Indian students offered in top colleges for MBA in Germany include general management, marketing management, financial management, entrepreneurship, and supply chain management. You need a bachelor’s degree and a minimum GMAT score of 600 for admission to the program.
Germany's strong economy, skilled worker shortage with a low cost of living and an 18-month job search visa after graduation make it an attractive option for Indian students. Though there's no campus placement, career centres assist with job opportunities. Though many MBA courses in Germany are taught in English, learning German is highly recommended for Indian students as it helps in networking and job prospects.
MBA from private universities in Germany costs between 8,000 to 50,000 EUR per annum (INR 7 to 44 lakhs). The public MBA colleges in Germany do not require any tuition fee. Instead, students need to pay a semester fee of 200 to 1,400 EUR (17,000 to 1.25 lakhs INR). MBA in Germany provides a high return on investment with graduates earning an average salary ranging from INR 31 lakhs to 71 lakhs. So, if you're considering pursuing an MBA abroad, join us as we explore why an MBA in Germany might be the best option for you!
|
Table of Contents |
Best Universities for MBA in Germany
Germany has emerged as a leading destination for Indian students seeking high-quality education and excellent career prospects. In recent years, the country has gained recognition for its top-notch MBA programs offered by the top MBA colleges in Germany. According to the QS World Rankings 2024, the top colleges for MBA in Germany that have attained international recognition are:
| University | Duration | Total Tuition Fees (EUR) | Fees (INR) |
|---|---|---|---|
| Saarland University | 1 Year | 12,000 | 10,83,864 |
| University of Bayreuth | 1 Year | 17,200 | 15,53,665 |
| ESMT Berlin | 15 Months | 49,000 | 44,26,140 |
| Frankfurt School of Finance and Management | 12 Months | 18 Months | 49,500 | 44,71,305 |
| Munich Business School | 12 Months | 32,000 | 28,90,540 |
| HTW Berlin | 18 Months | 12,500 | 11,29,117 |
| Reutlingen University (ESB Business School) | 12 Months | 9,600 | 8,67,162 |
| Hochschule Pforzheim | 16 Months | 21 Months | 8,800 | 7,94,895 |
| GISMA Business School | 12 Months | 18,000 | 16,25,922 |
| Technical University of Munich | 24 Months | 39,000 | 35,22,831 |
| WHU-Otto Beisheim School of Management | 12 Months | 43,000 | 38,84,147 |
| RWTH Aachen University | 18 Months | 30,000 | 27,09,907 |
| SRH Berlin University of Applied Sciences | 1 Year | 18 Months | 21,600 | 19,51,133 |
| Leipzig University | 15-21 Months | 37,500 | 33,87,384 |
The course opens doors to a wealth of opportunities in one of Europe's strongest economies.
Top MBA Programs in Germany as per QS Global MBA Rankings
Some popular programs in the top MBA colleges in Germany are –
Why study MBA in Germany?
Germany is considered among the top study abroad destinations for MBA, along with USA, UK, Australia, etc. Some of the major reasons to pursue an MBA degree in Germany are pointed out below:-
Compared to other popular study abroad destinations for MBA, Germany has a lower cost of living. Germany is also known for its strong work-life balance culture, allowing you to pursue a career while maintaining a healthy personal life.
MBA in Germany Requirements for Admissions
The application process for an MBA in Germany commences twice a year for the admissions to the winter and fall sessions.
MBA in Germany Eligibility
The following eligibility criteria are followed by MBA colleges in Germany for Indian students:
MBA in Germany University Requirements
The university-specific admission requirements for pursuing an MBA in Germany for Indian students are provided in the following table:
| University | GMAT Score | Language Proficiency Score | Work Experience |
|---|---|---|---|
| Saarland University | 400 | TOEFL: 61 | PTE: 59 | 1 year |
| University of Bayreuth | 600 | DSH-1 | 2 years |
| ESMT Berlin | 650 | IELTS: 7 (with at least 6.5 in each band) | TOEFL: 95 | PTE: 64 | 3 years |
| Frankfurt School of Finance and Management | 640 | IELTS: 7 (with at least 6.5 in each band) | TOEFL: 90 | 7 years |
| Munich Business School | 600 | IELTS: 6.5 (with at least 6 in each band) | TOEFL: 85 (with at least 20 in each band) | PTE: 59 | 2 years |
| HTW Berlin | – | IELTS: 7 (with at least 6.5 in each band) | TOEFL: 94 | 76 | 1 year |
| Reutlingen University (ESB Business School) | 550 | IELTS: 6.5 (with at least 6 in each band) | 62 | 2 years |
| Hochschule Pforzheim | 550 | TOEFL: 87 | 2 years |
| GISMA Business School | 650 | IELTS: 6.5 (with at least 6 in each band) | PTE: 61 | 3 years |
| Technical University of Munich | 640 | IELTS: 6.5 (with at least 6 in each band) | TOEFL: 88 | 65 | 3 years |
| WHU-Otto Beisheim School of Management | 600 | IELTS: 7 (with at least 6.5 in each band) | TOEFL: 100 | | 2 years |
| RWTH Aachen University | 600 | IELTS: 5.5 (with at least 5 in each band) | TOEFL: 90 | PTE: 61 | 2 years |
| SRH Berlin University of Applied Sciences | – | IELTS: 6.5 (with at least 6 in each band) | TOEFL: 87 | DSH prufung: Level 2 | PTE: 59 | 2 years |
| Leipzig University | 600 | IELTS: 7 (with at least 6.5 in each band) | TOEFL: 90 | | 3 years |
MBA in Germany without Work Experience
If you're aspiring to pursue an MBA in Germany but don't have prior work experience or haven't taken the GMAT, there are still options available for you. Several reputable universities in Germany offer MBA programs without the requirement of work experience or GMAT scores such as –
MBA in Germany without GMAT
Some MBA colleges in Germany offering MBA without GMAT scores are –
MBA in Germany Cost
The entire cost to study MBA in Germany includes the tuition fees of the selected university, and the cost of living in Germany.
MBA from Germany Fees
The average tuition costs and MBA in Germany fees vary from EUR 10,400 to EUR 49,500 which is equivalent to INR 9.1 Lakhs to INR 43.4 Lakhs. The tuition fee for top MBA colleges in Germany is tabulated as follows:
| University | Total Tuition Fees (EUR) | Total Tuition Fees (INR) |
|---|---|---|
| Saarland University | 12,000 | 10 lakhs |
| University of Bayreuth | 17,200 | 15 lakhs |
| ESMT Berlin | 49,000 | 44 lakhs |
| Frankfurt School of Finance and Management | 42,000 | 37 lakhs |
| Munich Business School | 32,000 | 28 lakhs |
| HTW Berlin | 12,500 | 11 lakhs |
| Reutlingen University | 9,600 | 8 lakhs |
| Hochschule Pforzheim | 8,800 | 7 lakhs |
| GISMA Business School | 18,000 | 16 lakhs |
| Technical University of Munich | 39,000 | 35 lakhs |
| WHU-Otto Beisheim School of Management | 43,000 | 38 lakhs |
| RWTH Aachen University | 30,000 | 26 lakhs |
| SRH Berlin University of Applied Sciences | 21,600 | 19 lakhs |
| Leipzig University | 33,500 | 30 lakhs |
Cost of Living in Germany
As compared to other European countries, Germany is not an expensive study-abroad destination. However, the cost of living in Germany is still higher than that of India. The following table illustrates the regular/monthly expenses of a student in Germany:
| Expense Type | Cost Per Month (EUR) | Monthly Cost Equivalent (INR) |
|---|---|---|
| Accommodation on Rent | 700 | 62,000 |
| Food | 260 | 23,300 |
| Utilities | 300 | 26,900 |
| Phone and Internet | 60 | 5,300 |
| Public Transport (Monthly Pass) | 50 | 4,400 |
| Entertainment | 100 | 8,900 |
MBA Scholarships in Germany
Individuals pursuing an MBA in Germany can apply for various scholarships to fund their education and reduce their expenses. Some of the popular MBA scholarships in Germany include:
| Scholarship | University | Award |
|---|---|---|
| Women in Business Scholarship | ESMT Berlin | 5,000 EUR |
| Frankfurt School Scholarships | Frankfurt School of Finance and Management | Up to 30% of the tuition fee |
| MBA Scholarships | Munich Business School | Up to 4,000 EUR |
| SRH Scholarship for International Students | SRH: Berlin University of Applied Sciences | 50% first-year tuition fee waiver |
| Woman for Leadership Scholarship | SRH: Berlin University of Applied Sciences | 50% first-year tuition fee waiver |
| FS MBA Scholarship | Frankfurt School of Finance and Management | 30% tuition fee waiver |
| British Council IELTS Awards | Government of Germany | EUR 3,000 to 10,000 |
| HHL Future Entrepreneur Scholarship | Leipzig Graduate School of Management | 25% tuition fee waiver |
| Erasmus Mundus Joint Masters scholarships | Government of Germany | Program cost, travel and living allowance |
Job Scope after MBA in Germany
The completion of an MBA in Germany, allows you to secure high-paying jobs in world-renowned companies. The graduates need to possess a Post-Study Work Visa in Germany to work after graduation.
The average salary for graduates after an MBA in Germany ranges from 35,000 EUR to 80,000 EUR, equivalent to 31 lakhs to 71 lakhs INR. Some of the top job roles you can opt for after your MBA in Germany with their average annual salaries are –
| Job Roles | Average Salary (EUR) | Average Salary (INR) |
|---|---|---|
| Consultant | 63,500 | 57 lakhs |
| Finance Manager | 87,900 | 79 lakhs |
| Operations Manager | 61,400 | 55 lakhs |
| Project Manager | 70,300 | 63 lakhs |
| Brand Manager | 60,700 | 54 lakhs |
| Key Customer Manager | 79,300 | 71 lakhs |
| Human Resource Manager | 65,000 | 58 lakhs |
| Business Manager | 87,900 | 79 lakhs |
| Area Manager | 58,600 | 52 lakhs |
| Engagement Manager | 143,200 | 1.28 crore |
| Business Development Manager | 73,305 | 66 lakhs |
MBA graduates from universities in Germany often land jobs within just 3 months of completing their MBA course. On average, they start with salaries of at least 55,000 Euros. QS even ranks Germany among the top 10 nations for MBA salaries globally. Some of the top recruiters of MBA graduates in Germany along with their average salaries are –
MBA in Germany is a practical research-oriented program designed primarily for working professionals aspiring to positions of management. Moreover, MBA colleges in Germany offer both theoretical expertise and practical experience to candidates. Germany is a perfect business education venue with a varied range of long-term career opportunities.
FAQs
Ques: Is Germany good for MBA?
Ans: Germany is widely regarded as an excellent destination for pursuing an MBA. It ranks among the top study abroad choices, alongside countries like the USA, UK, and Australia. Upon completing your MBA in Germany, you can expect competitive salaries. 90% of the graduates of MBA in Germany are employed within three months of graduation. Some universities in Germany also allow the MBA program to be completed in a single year.
Ques: Is doing an MBA in Germany free?
Ans: The public universities in Germany for MBA do not require any tuition fee for admission to MBA in Germany. Instead, students need to pay a semester fee between 200 to 1,400 EUR (17,000 to 1.25 lakhs INR).
Ques: How much does a graduate earn after an MBA in Germany?
Ans: The completion of an MBA in Germany, generally, allows one to bag high-paying jobs in world-leading and well-known companies of the world. The graduates need to possess a Post-Study Work Visa in Germany to work after graduation.
The average graduate MBA in Germany salary ranges from 35,000 EUR to 80,000 EUR, equivalent to 31 lakhs to 71 lakhs INR:
| Job Roles | Average Salary (EUR) | Average Salary (INR) |
|---|---|---|
| Consultant | 63,500 | 57 lakhs |
| Finance Manager | 87,900 | 79 lakhs |
| Operations Manager | 61,400 | 55 lakhs |
| Project Manager | 70,300 | 63 lakhs |
| Brand Manager | 60,700 | 54 lakhs |
Ques: Who is eligible for an MBA in Germany?
Ans: The following eligibility criteria are followed by a majority of the universities offering MBA in Germany for Indian students:
Ques: Is an MBA in German valid in India?
Ans: Yes, a German MBA is generally valid in India, but it's important to verify its recognition by Indian authorities and potential employers. A degree from a German university is highly respected and recognized worldwide, which can be advantageous for students who wish to pursue an international career in business.
Ques: Is it hard to get a job after MBA in Germany?
Ans: Getting a job after an MBA in Germany can be challenging, but it's certainly not impossible. 90% of the graduates of MBA in Germany are employed within three months of graduation. There is a particularly high demand for MBA graduates with skills in areas like digitalization, marketing, and innovation.
Ques: Can I get PR in Germany after MBA?
Ans: Yes, international students can obtain a Permanent Residency (PR) after completing their MBA in Germany. However, several conditions must be met:
Ques: What are the tuition fees for an MBA at public universities in Germany?
Ans: The public universities in Germany offer MBA with high quality education –
Ques: What are the tuition fees for an MBA at private universities in Germany?
Ans. The tuition fee for MBA in Germany at private universities are –
1720692106.png?tr=w-305,h-145,c-force?h=40&w=40&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