Best MBA Colleges in Germany
Meridean Overseas
Updated On 28 March 2024 & Read Time 11 minutes
3.9k
If you are thinking of pursuing an MBA degree and considering Germany as your preferred destination, then this blog is for you. The blog provides a clear vision for you, including the best MBA colleges in Germany, the requirements for doing an MBA in Germany, the best MBA colleges in Germany for Indian students and the cost of living in Germany.
This blog addresses all your queries about why Germany is a good option for pursuing your MBA. MBA in Germany can be done in both 1- and 2-year programs with full-time and part-time options. Some colleges also offer specialisations, ranging from general management to marketing management to supply chain management. Now, let’s dive into all the essential details about doing an MBA in Germany.
Table of Contents
Why Germany for MBA?
Germany is a wise option for pursuing an MBA degree, as it is a business education centre which helps them by providing a wide range of opportunities and sustainable career options. With the help of specialised programs, you can get into a niche field and build your career further.
Advantages
There are certain advantages of MBA colleges in Germany; some of those advantages are-
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First and foremost, the country's environment is inviting, which makes studying there favourable and convenient for international students.
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MBA colleges in Germany offer high standards and quality education for all students.
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The tuition fees and hostel charges are low, making it easy for an international student to consider Germany.
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There are specific colleges that don’t charge any tuition fees for master’s as well as doctorate courses.
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The universities in Germany believe in practical and theoretical knowledge, which helps students develop their skills for a better future.
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Along with low tuition fees for a master’s, the country also offers several scholarships for international students, which helps them navigate their finances.
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Lastly, German universities have good infrastructure, which again makes them attractive to international students.
Best MBA colleges in Germany
This is the list of top MBA colleges in Germany offering various kinds of programs for MBA aspirants-
|
University |
Course |
Duration |
Fees (in EURO) |
|
Saarland University |
MBA |
1 Year |
12,000 |
|
University of Bayreuth |
MBA: Healthcare Management |
1 Year |
17,200 |
|
ESMT Berlin |
MBA |
15 Months |
49,000 |
|
Frankfurt School of Finance and Management |
Executive MBA |
12 Months | 18 Months |
42,000 | 49,500 |
|
Munich Business School |
MBA |
12 months |
32,000 |
|
HTW Berlin |
Master of Business Administration and Engineering MBAE |
18 months |
12,500 |
|
Reutlingen University (ESB Business School) |
MBA: International Management |
12 Months |
9,600 |
|
Hochschule Pforzheim |
MBA: International Management |
16 Months | 21 Months |
8,800 |
|
GISMA Business School |
Global MBA |
12 Months |
18,000 |
|
24 Months |
39,000 |
|
|
WHU-Otto Beisheim School of Management |
MBA |
12 Months |
43,000 |
|
18 Months |
30,000 |
|
|
SRH Berlin University of Applied Sciences |
MBA
|
1 Year | 18 Months |
14,400 | 21,600 |
|
Leipzig University |
MBA |
15-21 Months |
33,500 - 37,500 |
Other Universities
Apart from the best MBA colleges in Germany, there are several other colleges that have a good MBA program which you can consider as an international student. A list of some of the colleges is as follows-
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GISMA Business School, Hannover
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University of Cologne, Cologne
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Pforzheim university, Pforzheim
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Berlin School of Economics and Law
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SRH Berlin University of Applied Sciences, Berlin
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Bremen City University of Applied Sciences, Berlin
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CBS International Business School, Cologne
NOTE: MBA in Germany Cost: Candidates looking to study for an MBA in Germany would be required to pay between 300 - 400 euros or INR 26,500 - 35,000 Indian rupees as an MBA in Germany costs across Public Universities. On the other side, the Germany MBA fees across private universities are comparatively much higher. Candidates would be required to pay around €43,000 or INR 37 Lakhs for the entire program.
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MBA in Germany Requirements
There are certain criteria which, as a student, you should be aware of when you want to opt for Germany as your destination for studying for an MBA. These involve eligibility for pursuing an MBA in Germany, documents for admission, visa essentials, and documents for admission.
Eligibility
The following requirements must be met in order for students to be admitted to German institutions' postgraduate management programs. Moreover, it is preferable for applicants to visit the university website to discover what additional requirements are needed.
Some basic criteria for the same is listed below-
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A certificate attesting to the completion of an undergraduate degree from an accredited college or university
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The pupils' semester transcripts showing their grades
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GMAT and GRE results, if the university requests
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The TOEFL and IELTS scores serve as evidence of English language competency.
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A certificate of two to three years of professional experience
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Two recommendation letters from reputable academic institutions and the candidate's motivation letter.
Documents for Admission
There are certain documents which are necessary for getting admission to the best MBA colleges in Germany; the documents are listed below-
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A birth certificate which states the nationality
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Testimonials and Letter of Recommendation (LOR)
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Passport-sized photograph
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A properly filled application form
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All the academic transcripts
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A copy of the first and last page of the passport
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TOEFL and IELTS score to check English language proficiency
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A detailed description of academic excellence record, if any
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GMAT or GRE score asked by the university.
Visa requirements
After being accepted into a German institution, you must apply for a German student visa. Although many students do not need to apply, they will still require a residence permit to study in Germany. It takes at least three months to secure a German visa and travel to Germany, so students should apply as soon as feasible. Further, to secure a German student visa, you must contact the German embassy in your nation of residence.
Documents required for obtaining a German Visa-
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A duly filled application form
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Valid passport
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Two passport-size photographs
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Acceptance letter from the university you have applied to
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Transcripts of the academic data.
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Certificate for German proficiency if the university requires it
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Certificate for English proficiency if the university requires it
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Proof that you are financially stable for the duration you are studying in Germany
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A certificate showing covered health insurance
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Residence proof
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Birth certificate
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Identity proof
Depending on the embassy, you may be required to provide evidence that you are not connected to any illegal activities. One technique is to make a security payment into a barred account to demonstrate that your account has enough money. You need to apply for a national visa if you wish to study MBA in Germany.
Admission
Documents required for admission are-
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Identity proof (can be any document).
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Academic transcript of graduate degree.
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University application form.
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English language proficiency certificate, if asked in the programme.
Cost of Living in Germany
However, the cost of living in Germany is about €934 per month, which is comparable to living in other European cities. As of January 1, 2023, the necessary amount required for the German Blocked Account for studying in the country is €11,208 for an entire year or €934 for a month, taking inflation into consideration. Numerous German scholarship programs are available for students willing to pursue higher education in Germany, reducing their financial load.
Scholarships for MBA Colleges in Germany
There are many scholarships available for you if you wish to apply for the best MBA colleges in Germany; some of them are as follows-
|
Scholarships |
University |
Eligibility |
Award |
|
Women in Business Scholarship |
ESMT Berlin |
Ambitious women with exceptional professional achievements. |
5,000 EUR |
|
Frankfurt School Scholarships |
Frankfurt School of Finance and Management |
Students enrolled in MBA |
Up to 30% of the tuition fee |
|
MBA Scholarships |
Munich Business School |
Skills: Leadership, Entrepreneurship, and Innovation |
Up to 4,000 EUR |
|
SRH Scholarship for International Students |
SRH: Berlin University of Applied Sciences |
Candidates studying in SRH: Berlin University of Applied Sciences having financial needs and outstanding motivation |
50% first-year tuition fee waiver |
|
Woman for Leadership Scholarship |
SRH: Berlin University of Applied Sciences |
Female studying in SRH: Berlin University of Applied Sciences with a letter of motivation and IELTS overall score of 6.5 or more |
50% first-year tuition fee waiver |
|
FS MBA Scholarship |
Frankfurt School of Finance and Management |
Candidates studying MBA with academic excellence |
30% tuition fee waiver |
|
British Council IELTS Awards |
Government of Germany |
Candidates possessing an IELTS overall score of 6.5 or more while studying in Germany |
EUR 3,000 to 10,000 |
|
HHL Future Entrepreneur Scholarship |
Leipzig Graduate School of Management |
Candidates pursuing an MBA having above average GMAT score |
25% tuition fee waiver |
|
Erasmus Mundus Joint Masters scholarships |
Government of Germany |
Master’s students all over the world, bachelor’s degree or equivalent or in the last year of a bachelor’s program |
Program cost, travel and living allowance |
Also, Read: Summer Intake in Germany
Salary after MBA in Germany
Salaries after studying from the best MBA colleges in Germany for Indian students are discussed below-
|
Jobs |
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 |
Conclusion
The blog serves as a complete resource for those wanting to study for an MBA in Germany in 2024. After knowing the top universities, the cost of studying MBA in Germany, the best MBA colleges in Germany for Indian students, and scholarships for international students, you can make informed decisions about your MBA education journey.
We hope the above information gives you an alternative to fulfilling your dream of obtaining an MBA degree by shedding light on the Best MBA colleges in Germany. You can apply for winter intake for the MBBS Course in Germany. However, if you have doubts about top universities and courses, contact our expert counsellors at Meridean Overseas Education Consultants (MOEC). You can also take free online counselling through our website. Our expert counsellors will provide you with the best support and guidance you need for admission and visa. They will also help you shortlist universities according to your profile. For more information or any queries, contact application02@meridean.org or 1800-1230-00011.
FAQs
1. Can I consider Germany for MBA?
Yes, you can, as Germany ranks among the top destinations for studying abroad. While studying in Germany, you will also receive competitive salaries and employment within three months of completing the course.
2. What is the tuition fee for the best MBA colleges in Germany?
There are public universities in Germany that do not charge an admission fee; rather, students are only required to pay the semester fee, which is between 200 and 1,400 EUR.
3. What is the average salary after completing an MBA from Germany?
After graduating, you can expect to earn an average salary of approximately 35,000 to 80,000 EUR per annum. The annual salary depends on the field you pursue and the company that hired you.
4. Can I start working directly after my graduation?
No, you need to apply for a Post-Study Work Visa to work at any designation in Germany. This is a mandatory process that will make it easy for you to get your country’s citizenship as well.
5. What are the eligibility criteria for pursuing an MBA in Germany?
The following eligibility criteria are followed by a majority of the universities offering MBA in Germany for Indian students:
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Bachelor’s degree in Business, Economics, Industrial Engineering, or equivalent from a recognised university.
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Official or certified copies of transcripts
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GMAT score of at least 400 to 600
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Practical work experience of at least 1-3 years
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2 professional and 1 academic LOR
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Passport size photos
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500-word SOP for MBA
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An updated Resume or Curriculum Vitae
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Proof of English Proficiency:
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IELTS: 5.5 to 7 (with at least 5 to 6.5 in each band)
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TOEFL iBT: 61 to 100 overall score
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PTE: 64-76
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Valid Passport
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Germany Student Visa
6. Will the German MBA be applicable in India?
Yes, it will be valid, but it is better to verify it with the Indian authorities.
7. Is job-hunting difficult in Germany after graduation?
No, the conversion ratio of fresh graduates to employed people is 90%, and most graduates get employment within 3 months.
8. Is Permanent Residency available in Germany after an MBA?
Yes, it is available with certain conditions which need to be met.
9. How long will it take for me to get permanent residency in Germany?
You can apply for your permanent residency after 33 months of holding an EU Blue Card.
10. Are there any scholarships available for MBA aspirants in Germany?
Yes, several scholarships are available, for which you can refer to Best MBA Colleges in Germany at Meridean Overseas Education Consultants (MOEC).
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