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.
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|
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|
|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:
Along with these full-time courses, there are many diplomae and certificate courses available in the field of business study in Germany.
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|
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.
German Language Proficiency Cut off:
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.
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||2||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.
To qualify for pursuing postgraduate in Business in Germany, you need to have
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.
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||_|
To get admission in doctoral programs in Germany international students need to have
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.
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:
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.
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:
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|
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).