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    Business Schools in Germany: Courses, Fees, Benefits, Scholarships and Salaries

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    Anam Shams

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    There are 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. A huge share in world economy, minimal cost of education, especially if you choose a public university and quality universities are some of the factors that make MBA in Germany a favoured option.

    • 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. Studying in Germany will cost you not even half as much as its contemporary countries.
    • 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 University QS Global Ranking 2020 (Business and Management) Business Programs Offered
    Technical University of Munich 51-100 1 Executive MBA course, 4 Graduate courses
    University of Mannheim 51-100 4 Undergraduate courses, 4 Graduate courses, 3 PhD Courses.
    Ludwig Maximilian University-Munich 101-150 4 Undergraduate courses, 2 Graduate courses, 1 EMBA
    WHU-Otto Beisheim School of Management 101-150 8 Undergraduate courses, 3 Graduate courses, 1 Exchange program
    Freie University Berlin 151-200 1 Undergraduate course, 1 Graduate course
    Humboldt University Berlin  201-250 2 Undergraduate courses, 7 Graduate Courses, 1 EMBA
    EBS Business School 301-350 1 Undergraduate course, 2 Graduate courses, 1 EMBA, 1 PhD course
    Technical University of Darmstadt  401-450 7 Undergraduate courses, 8 Graduate courses.
    Technical University Dresden 401-450 2 Diploma courses, 2 Graduate courses
    Hamburg Technical University 401-450 3 Undergraduate courses, 5Graduate course, 1 EMBA

    Is an MBA from Germany a Popular Option as Compared to Other Countries? 

    When it comes to Europe, Germany is the most attractive option for international students. Currently, there are five MBA Courses in Germany that rank in the Q.S. top MBA programs in the EU. Although the ranks of German business schools are lower than the ranks of the U.K, the 4.4% increase in international students in Germany in the past couple of years is a sign of its growing popularity.

    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 Available Specializations Available
    Business management International Business Administration
    Marketing Business Law
    Business Analytics Business Development
    Real Estate and Leadership Finance
    Business and IT Management and Innovation
    Business Entrepreneurship Business 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 Programs

    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.

    Program University/Universities Duration (Years) Total Program Fee (in EUR)
    BSc. in Business Administration Freie University Berlin, University of Mannheim, University of Hamburg, EBS Business School, Frankfurt School of Finance and Management  3 1700-38,118
    BSc. in Business Education Ludwig Maximilian University of Munich, Goethe University Frankfurt 3 705
    BSc. in Business Information Karlsruhe Institute of Technology  3 2742
    BSc. in International Business Administration WHU- Otto Beisheim School of Management  3 65,500
    Bachelors of Art in Business Administration Technical University Darmstadt  3 1,615
    Diploma in Business Informatics Technical University Dresden 5 5,000

    Business Schools in Germany: Eligibility for Bachelors 

    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

    Business Schools in Germany: Fees and Funding for Bachelors 

    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 for 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 Programs

    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/Universities Duration (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 Management 1-2 37,900-43,500
    MBA in International Management Cologne Business School 36,500
    MBA in Entrepreneurship EU Business School 1.5 6950
    Executive MBA Whu-Otto Beisheim School of Management, Technical University Munich 2 260-94,700
    MSc. in Business Administration RWTH Aachen University, Humboldt University, Technical University Darmstadt 2 0-1,200
    Masters of Business in Competition and Regularization Law Freie University Berlin 1 9,500

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

    Business Schools in Germany: Eligibility for Masters

    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.

    Business Schools in Germany: Fees and Funding for Masters

    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 Programs

    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.

    Program Name of the University/Universities Duration (Years) Total Program Cost (in EUR)
    Doctor Of Business Administration EBS University 2-5 10,000-22,800
    Doctor of Business Administration EU Business School 2-5 4,500
    Doctor of Business Administration Durham University Business School 2-5 44,800
    Doctor of Business Administration Munich Business School 4-5 36,000
    PhD in Economics and Business Administration Tallinn University of Technology 2-5 _

    Business Schools in Germany: Eligibility for PhD

    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).

    Business Schools in Germany: Fees and Funding for PhD

    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.

    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 Scholarship Scholarship given to Benefits (in EUR/month)
    DAAD Scholarships Students pursuing Undergraduate degrees. Health Benefits: 1,060 Living Expense: 750
    HHL Young Leader Scholarships in Germany All International students with good academic records. Minimum 25% of the tuition fee.
    Friedrich Ebert Foundation Scholarships All UG and PG students. UG Students: 650 PG students:1000
    MAWISTA Scholarships All levels of students with good academics. 500
    Heinrich Boll Scholarships All 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: Career 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 Director 150,000-228,000
    Business Planner 108,720-254,400
    IT Professionals 60,000-140,000
    Marketing Executive 35,000-127,000
    Legal Advisor 44,000-118,000
    Financial Advisor 40,000-108,000
    Operations Manager 50,000-103,000
    Administration 60,000-96,000
    HRM 50,000-94,000
    Business Analyst 45,000-90,000

    Benefit of Doing MBA from Business School in Germany

    Stable economy, vocational possibilities, and the chance to go after a job any place in the European Union is a glimpse of the benefits of attending a business school in Germany. Deciding to consider MBA in Germany accompanies numerous different advantages like:

    • One of the significant advantages of studying in Germany is that it is a lot lighter on the pocket when contrasted with different nations. For example, the study cost for a full-time MBA from EMST Berlin is EUR 43,500. A similar program from INSEAD France will cost you practically twofold the sum, EUR 87,000. What's more, in the event that you pick state funded colleges in Germany for a MBA, at that point the expense turns out to be basically irrelevant! 
    • It isn't only the moderately less expensive educational cost, however the typical cost for basic expenses in Germany is additionally more reasonable than that of Business Colleges in USA. Additionally, the German undergraduate trade program, DAAD, has some liberal grant programs. 
    • Germany has lenient rules bout residence permits after completion of course compare to other countries. A student gets 18 months to stay back and find a job. 
    • One can apply either for work visa in Germant which allows one to work in Germany or E.U Blue Card which allows to work anywhere in Europena Union. 

    Business Schools in Germany: Salaries of MBA Graduates 

    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

    With comfortable median pay rates and 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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