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    MBA in Germany: Top Business Schools, Eligibility, Fees, Scholarships, ROI, Jobs

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    Bhavya Rawal

    Study Abroad Expert


    MBA in Germany is a 1 to 1.5-year program available for international students in the full-time, part-time and online mode of education. There are over 50 colleges and universities offering MBA in Germany, with around 5 universities ranking within the top 250 of QS Global MBA Ranking and around 3 universities ranking within the top 100 MBA schools as per FT Times. 

    Business Schools in Germany are becoming a new global destination for MBA aspirants because of the lost cost or tuition-free education they offer. To get into these top universities in Germany, you will not only need to have high academic standing in your bachelor's but also need IELTS/TOEFL scores along with GMAT scores. Here are some points to ponder for international students planning to study MBA in Germany:

    • A bachelor's degree and work experience of 2 to 3 years is mandatory for the admission of Indian students in this program. 
    • The annual cost of an MBA in Germany ranges from 17,770 USD to 44,000 USD (the equivalent of 13 lakhs to 33 lakhs INR). 
    • MBA graduates from German universities can earn an average salary of 125,000 USD per annum (~91 LPA).

    An MBA or Masters of Business Administration equips students with a range of skillset for interpreting and implementing into businesses. An MBA from recognized global universities will help you gain reputable job roles with cushy median salaries. 

    Top Universities for MBA in Germany

    Some of the best colleges for MBA in Germany have been listed below along with their QS global MBA ranking, university’s national ranking, and program fees

    University Program Offered and Duration Total Program Fees (in USD)
    Mannheim Business School MBA: 1 year 44,200
    Frankfurt School of Finance and Management MBA: 1 year 42,500
    WHU-Otto Beisheim Graduate School of Management MBA: 1 year 43,600
    European School of Management & Technology (ESMT) MBA: 1 year 26,300
    HHL Leipzig Graduate School of Management MBA: 1 year 42,500
    European Business School  MBA: 1.4 years 26,426
    Munich Business School  MBA: 1 year 35,800
    Technical University Munich Executive MBA: 2 years  43,500
    University of Cologne Executive MBA: 2 years 38,900
    Business School Pforzheim MBA in International Business: 1.8 years 17,770

    Why Study MBA in Germany?

    • For European Business School Rankings (2020) by Financial times, Eight German business schools rank within the top 100 for their full-time MBA program.
    • Five of the business schools in Germany feature in the QS Global MBA Ranking (2021). Four of these business schools lie within the top 100 among the business schools of the world.  
    • According to the Association of German Chambers of Commerce & Industry, there is a need for 1.5 million skilled workers from abroad.
    • An increase of 10% was observed in MBA employment in the year 2017. A further 7% increase was observed for the year 2018.
    • MBA degree in Germany costs a lot less than an MBA from other popular study destinations. This is because of the no or low tuition fees charged at higher education institutes in Germany. 
    • Executive MBA is the highest paying degree for graduates and alumni of German universities. 
    High Paying degrees in Germany

    MBA in Germany: Highlights

    Duration MBA: 1to 1.8 years;
    Executive MBA: 2 years
    Average Tuition Fees 17,770 USD to 44,000 USD per annum
    Eligibility Bachelor’s degree in any field; GMAT/GRE score; Work experience
    Minimum GRE/GMAT Required GMAT above 550 or equivalent GRE
    Minimum Work Experience Required 2 to 3 years
    Average Salary Offered MBA: 125,000 USD; Executive MBA: 131,000 USD
    Job Role Available Consultant, Business Development Manager, Project Manager, Strategist, etc

    MBA in Germany: Types & Specializations

    A wide range of specializations is offered at universities for MBA in Germany. Some of the popular specializations that international students can study in Germany along with the B-schools offering the program are listed below:

    Specialization Institutes Offering the Course
    MBA in Entrepreneurship EU Business School, SRH Hochschule Berlin
    MBA in Finance SIMT, EU Business School
    MBA in HR GISMA Business School, University of Applied Sciences Mittelhessen
    MBA in Innovation Munich Business School, Berlin School of Business and innovation
    MBA in International Management Cologne Business School 
    MBA in Marketing WHU Otto Beisheim Graduate School, GISMA Business School
    MBA in Leadership HHL Leipzig Graduate School of Management

    Admission Process for MBA in Germany

    Most of the top universities of Germany accept students in the MBA program from all disciplines. Thus, an international student having a bachelor's degree in any field from a recognized university is eligible to apply. 

    Do not have a GMAT score? Here is where you can Study MBA in Germany without GMAT!

    Eligibility for MBA in Germany Admission

    The basic eligibility for MBA programs in Germany is having a bachelor's degree. However, the variation is observed in the GMAT score and work experience required. Given below are the minimum requirements for an Indian student applying to German universities offering MBA program: 

    University Admission Requirements
    Manheim Business School 3 years of work experience
    Frankfurt School of Finance and Management GMAT (average: 640) or GRE or MBA admission test scores;
    Case study assignment; 3 years of work experience;
    Interview
    WHU-Otto Beisheim Graduate School of Management 2 years of work experience;
    GMAT score (minimum 600 is recommended)
    ESMT Berlin 3 years of work experience;
    GMAT/GRE score; Interview
    HHL Leipzig Graduate School of Management 3 years of work experience;
    GMAT/GRE score; Letter of Motivation
    European Business School 3 years of work experience;
    GMAT/GRE score; Interview
    Munich Business School 80% in bachelors; 2 years of work experience;
    1-2 page letter of motivation; Interview
    Technical University Munich 4 to 5 years of work experience;
    Letter of Motivation
    University of Cologne  4 years of work experience
    Business School Pforzheim 2 years of work experience;
    Minimum GMAT score of 550 or equivalent GRE score;
    Motivation letter;
    Essay on extra-curricular activities; Interview

    Admission Requirements:

    • In addition to the above requirements, you also have to submit at least two letters of recommendation (LOR) and a CV.  LOR can be academic or from previous employers.
    • Some universities do not specify a minimum GMAT score. However, Indian students with a score of 550 or above have higher chances of admission. 

    English Proficiency Requirement for International Students

    Since the curriculum of most of the business schools offering MBA in Germany is in English, international students are required to submit an IELTS or TOEFL test scores to demonstrate proficiency in this language. The minimum requirement for applying in popular universities for an Indian student is:

    • IELTS: 6.5 to 7.0
    • TOEFL (iBT): 80 to 92 

    MBA in Germany without GMAT

    Performed poorly in your GMAT? Have missed the exam and still want to study in Germany? Some of the universities that accept applicants without a GMAT or GRE score include the Technical University of Munich, Berlin School of Economics and Law, Cologne Business School, Accadis Hochschule Bad Homburg, etc. 

    TUM MBA without GMAT: An applicant with proof of a minimum of 4-5 years of work experience in a relevant field can apply for the Executive MBA program offered at TUM. You can apply for the program throughout the year as the admissions are offered on a rolling basis. 

    MBA at Berlin School of Economics & Law: As a part of the admission process GMAT scores are not required. Although the applicant must have experience of three years to apply for this FT-MBA program. 

    MBA without GMAT at Cologne Business School: International applicants are not required to submit GMAT scores for studying MBA at CBS. 

    Cost of Studying MBA in Germany

    The cost of studying abroad includes expenses like costs of various standardized tests, travel & stay, tuition fees, study material, etc. The detailed expenses you may incur when planning to pursue higher studies in Germany are given below. 

    Pre-arrival Costs

    The money that you will spend on registration fees of tests required to study in Germany, flight tickets, application forms, etc even before you have actually started the program are pre-arrival expenses. Some of these are given below:

    Type of Expense Cost (USD)
    Program Application Fees 145* 
    German Student Visa Application Fees 84 (75 Euro)
    Health Insurance 90-180**
    IELTS Fees 185-190
    TOEFL Fees 160-250
    GMAT Fees 250
    GRE Fees 205-230
    Airfare 450-1400

    *Depends on the university. Some of the top B-schools do not charge additional tuition fees.

    **Depends on the age of the applicant. The health insurance cost in Euros is 80-160 Euro/month.

    Tuition Fees for MBA in Germany

    The tuition fee comparison for pursuing MBA in Germany from some of the top-ranking B-schools is given below:

    Tuition Fees for MBA in Germany

    Please note: The costs (annual) are given in USD and are approximate tuition for the program.

    Cost of MBA in Germany for Indian Students

    Business School in Germany Cost in INR
    Mannheim School of Business 32.3 Lakhs 
    Frankfurt School 31.12 Lakhs
    Whu-Otto 31.92 Lakhs
    ESMT 19.2 Lakhs
    EBS 13.84 Lakhs
    HHL 31.12 Lakhs
    Munich Business School 26.21

    MBA in USA from the top ranking universities can cost Indian students a heavy sum of 80,00,000 Lakhs (INR). Similarly, for MBA in Canada Indian students have to pay the tuition of around 60,00,000 Lakhs (INR). However, an MBA in Germany may cost an Indian student around 10,00,000 Lakhs (INR).

    Cost of Living in Germany

    The monthly cost of on and off-campus accommodation in Germany range from 392 to 1100 USD. The cost of food ranges from 160-470 USD. Including the monthly student health insurance, transportation, accommodation, and food & social activities, an expenditure of around 840-1200 USD can be expected while living & traveling in Germany.

    Type of Expense Cost (USD)
    Accommodation 392 – 1100
    Food And Drink 160 – 470
    Clothing 45 
    Working Or Learning Materials 23 
    Travel 110 
    Health Insurance 90 
    Phone, Internet, Tv 35 
    Social Life 68 
    Total 840 – 1200

    Scholarships for MBA in Germany

    Pursuing an MBA in Germany is although cheaper than other countries but still can cost you a large sum. Germany offers its international MBA applicants with a variety of scholarships. These include both privately funded and government scholarships. Some of the popular scholarships in the German universities for international students are listed below:

    University Scholarship Amount (USD)
    Mannheim Business School Multiple merit-based scholarships for outstanding and excellent students Outstanding students- 7800; Excellent students- 1100-2200
    Frankfurt FS MBA scholarship Covers partial tuition fees for all eligible MBA applicants
    WHU-Otto Beisheim Graduate School of Management Scholarship for participants from developing countries;
    Excellent GMAT result scholarships
    Varies;
    Varies
    ESMT German language scholarship for non-native speakers 2200-4400 (depending on proficiency score)
    EBS Deutschlandstipendium  336/month

    Other Scholarships available for pursuing MBA in Germany

    Various government-funded scholarships are available for graduates in Germany. Some of the popular scholarships available in Germany are:

    1. HHL Young Leader Scholarships in Germany: The scholarship partially funds the eligible applicants from all nationalities with at least 25% of the tuition.
    2. Women in Business Scholarship: Offered by various universities to their women applicants for encouraging female participation in business programs. The funding under this scholarship varies from university to university.
    3. DAAD Scholarships: Government-funded scholarships available to international students studying in Germany at various degree levels.
    4. Erasmus+ Scholarships: These are the largest scholarship providers funding international students studying across Europe at different degree levels.

    Looking for more scholarships to pursue a master's degree in Germany? Click here.

    Jobs for MBA in Germany

    MBA graduates can occupy positions in sectors like Consulting, Technology, Ecommerce, Finance, Technology, Education, Automotive, and Marketing. SMEs (Small and Medium-sized Enterprises) in Germany form the backbone of the Economy by contributing up to 51% in the GDP. The job prospects for MBA graduates are buoyed by the creation of around 250,000 jobs in these SMEs every year.

    Some of the popular jobs in Germany offered to MBA graduates are given below:

    Roles offered Job Description  Salary (USD/year)
    Consultant Organizing and executing business projects on behalf of clients 158,000
    Business Development Manager Establishing contact with potential clients and planning marketing initiatives.  191,000
    Product & Project Manager Taking charge of the product/project and planning the administration development and budgeting of the same.  147,000
    Strategist  Determining and analyzing strategies that help in fulfilling the organization's goals.  218,000
    Marketing Manager Identifying a target audience for the product type and develop pricing strategies 130,000
    General Manager Overall management is handled by the general manager. There is no single task role that defines their job.  183,000
    Operations Manager Analyzing and improving processes, work quality, and efficiency within the organization.  143,000

    ROI of Top German Business Schools 

    The popularity of German business schools is rising among international students because of the return on investment they offer. With low tuition fees and handsome average salaries offered to its MBA graduates, Germany is attracting more and more of the international student crowd of MBA aspirants. Given below is a graphical comparison of the tuition fees and the salaries offered to MBA graduates of top business schools in Germany. 

    Fees vs Salaries of MBA at German business schools

    For MBA graduates in Germany, it is possible to get an 18-months extension while they are searching for jobs. With a high return on investment, an MBA in Germany can land you in jobs with cushy median salaries of around 77,000 USD with supplemental bonuses of around 17,000 USD.

    MBA in Germany vs USA vs Canada

    MBA is one of the most popular programs among study abroad, aspirants. However, the majority of them struggle with deciding which country would be best for pursuing this program. Although MBA from USA is considered the best due to world-class education and high ROI, Germany and Canada are also preferred by Indian students due to low cost. 

    A comparative analysis of MBA from Germany, USA, and Canada is tabulated below: 

    Basis MBA in Germany MBA in USA MBA in Canada
    Duration 1 – 1.4 years 2 years 1 – 2 years
    Number of Top Universities Offering Program (QS Ranking 2020) 5 105 18
    Average Annual Tuition Fees 17,770 USD to 44,000 USD 64,652 USD to 81,378 USD 16,287 USD to 88,125 USD
    Minimum GMAT Score Required 550 700 600
    Minimum Work Experience Required 2 to 3 years 3 years 2 years
    Average Annual Salary Offered 125,000 USD 139,000 USD 89,000 USD

    As per FT-Rankings, the percentage increment increase in the salaries of MBA graduates in Germany in comparison to pre-MBA salaries ranges from 65-85%. This adds an additional value to pursuing an MBA degree from this country. Along with this, the low cost of studies and an extension of the study visa has now made Germany a competitive study destination for international students. 

    FAQs

    Ques. What is the eligibility criteria for an MBA in Germany?

    Ans. You are required to have a bachelor’s degree, have a TOEFL/IELTS score, GMAT score, and work experience for being eligible to apply for an MBA in Germany. Minimum GMAT score of 550 and work experience of 2 to 3 years is required. 

    Ques. What are the top universities for MBA in Germany?

    Ans. Some of the top universities and colleges for MBA in Germany are Manheim Business School, Frankfurt School of Finance and Management, WHU-Otto Beisheim Graduate School of Management, European School of Management and Technology, and European Business School. 

    Ques. How much does an MBA cost in Germany for an Indian student?

    Ans. The minimum cost for pursuing an MBA in Germany from some of the top-ranking universities is around INR 10,00,000 Lakhs.

    Ques. How much does an MBA post-graduate in Germany earn?

    Ans. After completion of an MBA in Germany, you can earn an average yearly salary of 77,000 USD. Supplemental bonuses of around 17,000 USD can also be earned.

    Ques. Is GMAT score mandatory for pursuing MBA in Germany?

    Ans. Many universities like TUM, Cologne Business Law, Accadis Hochschule Bad Homburg, and Berlin School of Economics and Law accept applicants without a GMAT score in their MBA program.

    Ques. Is work experience mandatory for MBA in Germany?

    Ans. It is mandatory to have work experience post completion of the UG degree. The minimum requirement of work experience may vary among universities. However, the average is 2-3 years. 

    Ques. Is Germany a good option for MBA?

    Ans. With minimal tuition fees and increasing popularity, Germany is now one of the most popular and viable option for studying MBA abroad. Not only do the business schools in Germany cost less than B-schools in US, UK, Canada, but the overall cost of living in Germany is also less than other popular European countries. 

    Ques. Is MBA in Germany free?

    Ans. There are some universities in Germany offering tuition free MBA courses in Germany to international as well domestic students. This means that you will not be spending a huge amounts on your tuition but this does not suggest that it is free of cost. You will be asked to submit minimal semester fees. Additionally, as an international student you will be spending on renting, food, clothing, etc, which will add to the cost.  

    Ques. Can I apply for scholarships in Germany?

    Ans. Even though the cost of studying in Germany is very low, there are plenty of scholarships offered to international students. You can choose from a variety of awards offered by the institute, government or even you home country. The award amount offered ranges from 336 USD to 2200 USD and more.