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Top Business Colleges in Germany

Bhavya Rawal Bhavya Rawal
Study Abroad Expert

With a huge range of choices to pursue business and marketing, Germany is among the famous study destinations for international students. With around 16 German B-schools ranking for their MBA and other business programs, Germany can give wings to your dream of seeking an MBA abroad. With the fourth-largest economy in the world, Germany exists in the top five nations with most ranking business schools as per QS top rankings.

What makes Business Schools in Germany a highly valued brand is the no-tuition policy of German government. Studying in Germany will cost you not even half as much as its contemporary countries.

  • A need for around 1.5 million skilled workers from abroad has been quoted by the Association of German Chambers of Commerce and Industry
  • The average salary of a graduate with having a bachelor's in business degree is around 13,500 EUR/month as per salaryexplorer.com.
  • With the median pay grade for a graduate in Germany is multiple times higher than that of the third world countries, about 70% of all understudies remain back post-graduation.
  • Germany is the prime location for the world’s top organizations like Google, Amazon, Adidas, BMW, etc. which makes it worth Business studies.

Top Business Schools in Germany

Mentioned below are the top 10 Business schools in Germany and their QS World Ranking 2020. These colleges have an international standing among the business schools, hence, applicants are always suggested to make the applications for these.

Name Of the UniversityQS Global Ranking 2020 (Business and Management)Business Programs Offered
Technical University of Munich51-1001 Executive MBA course, 4 Graduate courses
University of Mannheim51-1004 Undergraduate courses, 4 Graduate courses, 3 PhD Courses.
Ludwig Maximilian University-Munich101-1504 Undergraduate courses, 2 Graduate courses, 1 EMBA
WHU-Otto Beisheim School of Management101-1508 Undergraduate courses, 3 Graduate courses, 1 Exchange program
Freie University Berlin151-2001 Undergraduate course, 1 Graduate course
Humboldt University Berlin 201-2502 Undergraduate courses, 7 Graduate Courses, 1 EMBA
EBS Business School301-3501 Undergraduate course, 2 Graduate courses, 1 EMBA, 1 PhD course
Technical University of Darmstadt 401-4507 Undergraduate courses, 8 Graduate courses.
Technical University Dresden401-4502 Diploma courses, 2 Graduate courses
Hamburg Technical University401-4503 Undergraduate courses, 5Graduate course, 1 EMBA

Business Schools in Germany: Degree Types & Specializations

In Germany, a student can get various specializations in their business courses that help them to achieve great opportunities for themselves in work and vocational development. As indicated by an ongoing report of the European Journal of Business Research, it gets 29% simpler for an individual to achieve a higher designation on the off chance that the individual holds the MBA degree from Germany.

Among the many specializations of business courses, listed below are few of the popular specializations available at German University.

Specializations AvailableSpecializations Available
Business managementInternational Business Administration
MarketingBusiness Law
Business AnalyticsBusiness Development
Real Estate and LeadershipFinance
Business and ITManagement and Innovation
Business EntrepreneurshipBusiness Economics

Business study in Germany provides you with a wide range of courses ranging from undergraduate courses to doctoral. Student can opt for any of these degrees as mentioned below:

  • Undergraduate degrees: BA, BBA, BSc
  • Graduate degrees: MA, MSc., MBA, EMBA
  • Doctoral Courses: PhD, DBA

Along with these full-time courses, there are many diplomae and certificate courses available in the field of business study in Germany.

Business Schools in Germany: Undergraduate Courses

Undergraduate Business courses in Germany are mostly three years long. Mentioned below are a few of the popular courses, German Business Schools providing these courses along with their durations and total program fees.

ProgramUniversity/UniversitiesDuration (Years)Total Program Fee (in EUR)
BSc. in Business AdministrationFreie University Berlin, University of Mannheim, University of Hamburg, EBS Business School, Frankfurt School of Finance and Management 31700-38,118
BSc. in Business EducationLudwig Maximilian University of Munich, Goethe University Frankfurt3705
BSc. in Business InformationKarlsruhe Institute of Technology 32742
BSc. in International Business AdministrationWHU- Otto Beisheim School of Management 365,500
Bachelors of Art in Business AdministrationTechnical University Darmstadt 31,615
Diploma in Business InformaticsTechnical University Dresden55,000

Eligibility for Bachelors of Business in Germany

Different business schools in Germany have different eligibility criteria, but most of the universities have common entrance exams that an individual needs to qualify before pursuing Bachelors's in Business degree in Germany.

  • Students need to hold a school diploma or an equivalent higher education entrance qualification.
  • Students must need to qualify English Language Proficiency(ELPs). The average scores of the ELPs are as follows: IELTS:6.5| TOEFL:80
  • German language proficiency is partially required as few of the universities teach the courses in german.

German Language Proficiency Cut off:

  1. TestDAF with TDN-16
  2. German Language Diploma-Second Level(DSD-II)
  3. Goethe Certificate- C2

Fees and Funding for Bachelors of Business in Germany

Though the cost of studying bachelor's in Business in Germany is comparatively low, it still affects the budget of international students. The overall cost of studying Bachelors in Business in Germany stands in the range of 705 EUR to 65,500 EUR for the total program.

There are various scholarships available to international students in Germany. Some universities like University of Mannheim, Ludwig Maximilian University Munich, Freie University provide departmental scholarships to help the financial condition of few selected students on a merit basis.

Business Schools in Germany: Postgraduate Courses

MBA in Business Schools in Germany, like other countries, is one of the most popular Postgraduate Business Courses in Germany. Germany houses a few of the best institutes providing an MBA course with wide specializations. The reason behind choosing an MBA course to study abroad is job prospects and a good yearly salary.

Below mentioned are few of the popular MBA courses, universities along with their duration and total program fees.

Program Name of the University/UniversitiesDuration (in Years)Total Program Fee (in EUR)
Masters of Business Administration(MBA)Mannheim Business School, Frankfurt School of Finance and Management, ESMT Berlin, WHU-Otto Beisheim School of Management1-237,900-43,500
MBA in International ManagementCologne Business School36,500
MBA in EntrepreneurshipEU Business School1.56950
Executive MBAWhu-Otto Beisheim School of Management, Technical University Munich2260-94,700
MSc. in Business AdministrationRWTH Aachen University, Humboldt University, Technical University Darmstadt20-1,200
Masters of Business in Competition and Regularization LawFreie University Berlin19,500

Other Popular MBA specializations are MBA in HR, MBA in Finance, MBA in Innovation, MBA in Marketing, and MBA in Leadership.

Eligibility Criteria for Pursuing Postgraduate Degree in Germany

To qualify for pursuing postgraduate in Business in Germany, you need to have

  • An equivalent bachelor’s degree with an aggregate score of 65%.
  • Average GMAT score: 650-680, this varies with the choice of your university.
  • English Language Proficiency proof: Non-native students need to submit their ELP proof. The average score of the following ELPs are as follows: IELTS: 6.5-7; TOEFL:90; PTE: 60
  • A minimum work experience of about 3 years. International experience is also considered.
  • German Language Proficiency: Most of the postgraduate degrees in Germany are taught in English, therefore German Language Proficiency is partially considered and it completely depends on the respective university you choose.

Fees and Funding for Postgraduate Degrees in Germany

The approximate expenditure of studying a postgraduate degree in business in Germany cost in the range of 0 EUR to 94,700 EUR for the program. Most of the German universities offer departmental fellowships and scholarships to international students.

Few of the German colleges providing postgraduate degrees in business, like RWTH Aachen University, Humboldt University, Technical University Munich charge less or zero tuition fees which is another positive side of studying in Germany.

Business Schools in Germany: Doctorate Courses

Students who have got placement after completing their masters, however, need a superior designation, can surely opt for the doctoral degrees in business in Germany. Salary hike for a doctorate student rises by around 27-29% to that of a master's graduate. Doctoral degrees in business from German universities are entirely solid and internationally acknowledged.

With a minimum of 2-5 years course, here are some of the degree specializations and universities offering these courses along with their fee structure.

ProgramName of the University/UniversitiesDuration (Years)Total Program Cost (in EUR)
Doctor Of Business AdministrationEBS University2-510,000-22,800
Doctor of Business AdministrationEU Business School2-54,500
Doctor of Business AdministrationDurham University Business School2-544,800
Doctor of Business AdministrationMunich Business School4-536,000
PhD in Economics and Business AdministrationTallinn University of Technology2-5_

Eligibility for Doctorate Business Courses in Germany

To get admission in doctoral programs in Germany international students need to have

  • An equivalent master's degree with a valid score and other educational Transcripts.
  • Letter of Acceptance from the Chairman of the Doctoral Committee.
  • GMAT score if required by the university.
  • Scores of tests required to study in Germany.
  • ZAB certification( if a student holds non-German degrees).

Fees and Funding for Doctoral Program in Germany

A Doctoral course in Business in Germany costs around 4,500 EUR to 44,800 EUR for the total program. Most of the colleges and schools have their own departmental fellowships and scholarships to some predetermined number of seats for overseas students. To get these opportunities, international students must have the track of the most recent notices in the official site of the colleges to apply auspiciously.

Salaries of MBA Graduates from Business Schools in Germany

Pursuing MBA from Germany can offer a high return on investment. The salaries offered to some of the alumni from Business Schools in Germany are depicted in the graphical image below:

MBA Salaries of Graduates by B-School of Germany

Business Schools in Germany: Scholarships

The cost of studying Business courses in Germany is quite less with respect to that of the cost in other European or American countries. But still scholarships help the international students to cover most part of the tuition fees as well as the living costs. Below mentioned are a few of the well-known scholarships and their benefits.

Name of the ScholarshipScholarship given toBenefits (in EUR/month)
DAAD ScholarshipsStudents pursuing Undergraduate degrees.Health Benefits: 1,060 Living Expense: 750
HHL Young Leader Scholarships in GermanyAll International students with good academic records.Minimum 25% of the tuition fee.
Friedrich Ebert Foundation ScholarshipsAll UG and PG students.UG Students: 650 PG students:1000
MAWISTA ScholarshipsAll levels of students with good academics.500
Heinrich Boll ScholarshipsAll levels of students having outstanding academic results.For UG and PG students: Tuition fee and Living: 640 Books and Study-related: 300
For Doctorate Students: 1430

Find out more scholarships for international students in Germany, here.

Business Schools in Germany: Scope

From a basic three years bachelor’s degree in business to a doctorate degree, with each additional capability there is not just a rise in the number of chances to profit, yet in addition a significant climb in the pay scale. Enumerating this hike in each division with other significant measurements, below is a presented graph for easy comparison:

Percent Hike by Education Level

Mentioned below are few of the popular designations offered by some of the top recruiting companies like Allianz, Amazon.com INC, Adidas, Siemens, etc. with their yearly salary in EUR.

Designation Salary in EUR/Annum
Strategy Director150,000-228,000
Business Planner108,720-254,400
IT Professionals60,000-140,000
Marketing Executive35,000-127,000
Legal Advisor44,000-118,000
Financial Advisor40,000-108,000
Operations Manager50,000-103,000
Administration60,000-96,000
HRM50,000-94,000
Business Analyst45,000-90,000

With comfortable median pay rates and an augmentation of 10.15% every year, business and related industries in Germany are growing at an extraordinary pace. This makes contemplating a business course from Germany a worthwhile choice. Settling in Germany with a business degree is additionally simple in view of the German migration laws, you just need to apply for an EU Blue Card( German residence Permit).

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