MIM in Germany: Fees 2024, Top Colleges, Placement & Salaries

Masters in Management or MIM in Germany is a 2-year program which prepares students for a successful career in a global business environment. MIM in Germany is popular among international students who want to study management with little or no prior work experience.

The tuition fees for MIM in Germany is relatively affordable as compared to other European countries. Additionally, Germany also has a lower cost of living, making it one of the best countries to study abroad.

After studying Masters in Management in Germany, graduates are usually placed at some popular companies, such as McKinsey & Company, Deutsche bank, BMW, and Nestle. These companies offer lucrative salaries of around € 70,000 (62 lakhs INR).

MIM in Germany: Highlights

Best MIM colleges in Germany

MIM in Germany public universities: Various top universities in Germany offer exceptional Masters in Management programs for students seeking to advance their careers in business. In this section, we'll highlight the top MIM colleges in Germany, along with the application deadlines and tuition fee:

Public Universities in Germany for MIM

MIM in Germany public universities: Given below are some of the top public Universities in Germany for MIM for international students.

MIM in Germany without GMAT

Some universities require applicants to submit standardized test scores, such as the GMAT or GRE for admission to MSc Management in Germany. There are some universities in Germany that do not mandate the submission of GMAT scores, some of them are listed below:

• Offenburg University of Applied Sciences
• Herdecke University Master's in Management
• University of Mannheim
• Frankfurt School of Finance & Management

MIM in Germany v/s MBA in Germany

Masters in management in Germany is a first-class post-graduation degree, designed to provide intense knowledge about management in the fields of Finance, Marketing, Entrepreneurship, and many others. The duration of the course varies depending on whether the student is studying part-time or full-time. For a full-time student, it takes 18-24 months to finish the course. The duration increases for part-time students.

There’s a very fine line drawn between MBA in Germany and MIM in Germany. The idea of both courses is the same. The differences lie in the composition of people pursuing it and the technicalities.

MIM in Germany Requirements

In terms of intakes and application deadlines, most universities have 2 intakes in Germany - in the winter semester (starting in September/October) and the summer semester (starting in March/April). Application deadlines for these intakes typically fall a few months prior to the start of the semester and vary depending on the university. The admission requirements for MIM in Germany are discussed below:

MIM in Germany Eligibility

Entry requirements for international students to study MIM courses in Germany differ from one university to another. However, the general requirements that one must meet to be eligible for admission and exams to study in Germany are:

• Academic Degree- A 3/4-year bachelor’s degree in a related discipline from a recognized institution, along with strong GMAT scores
• Minimum GPA- 2.5 out of a 4.0 scale (77-80%)
• GRE or GMAT Score- Required (600+)
• English Proficiency Test Score- IELTS : 6.5-7.0 | TOEFL-iBT: 90-100
• Statement of Purpose/Essay- Required
• Letters of Recommendation- 1-2 LoRs
• Coursework-. Accounting, Finance, Statistics, Economics, Organizational Behavior
• Experience- Optional requirement. (Two years or more preferred)

Certain universities have certain additional requirements as well so check the course details of each university to know the specific requirements for admission. Additionally, international applicants also need to have a Germany Student Visa for admission to MIM in Germany.

MIM in Germany Cost

The cost of study is a crucial factor to consider when pursuing MIM in Germany. Tuition fees can range from €15,000-€ 45,000 (13-40 lakhs INR) per academic year.

Apart from tuition fees, the cost of living in Germany varies depending on the city and lifestyle. The average cost of living for a student per month in Germany is around €700-€1,000 (62,600-89,400 INR) , which includes accommodation, food, transportation, and other personal expenses. Annual costs can range from €9,000-€12,000 (8-10 lakhs INR) per year, depending on the location and lifestyle.

MIM Fees in Germany

The tuition fees vary for most universities. The following table shows the total tuition fees for pursuing MIM in Germany:

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 monthly expenses of a student in Germany: