Business Schools in Munich, Germany offer excellent global business and management opportunities to international students. Munich possesses b-schools that rank in top 100 Business and Management studies by QS Rankings, 2022. The average cost of studying in the business schools in Munich is around 14 lakhs INR per annum.
Munich’s most prestigious business schools provide quality business programs like MBA with excellent placement opportunities. Students get the exposure to work in the world's fastest-growing economy.
The top 5 business schools in Munich, Germany are:
- EU Business School
- IESE Business School
- Munich Business School
- Ludwig Maximilian University of Munich
- New European College
EU Business School
EU Business School or European Business School is one of the most reputed and prestigious business schools in Munich, Germany. Other than Munich, the B-school has its campuses in Barcelona, Geneva, and Montreux. EU Business School offers masters & bachelors courses in business administration and management. The university offers programs in the fields of Business Administration, Communication & Public Relations, International Business, Digital Business, Sports Management, Marketing, Finance, and Enterprise among others.
| EU Business School Highlights | |
|---|---|
| Average Annual Tuition Fee | 5.81 lakhs INR |
| Admission Requirements | GPA of 3.0/4 (85%), 2 LORs, CV, 500 words essay, Bachelor’s degree with 180 credits, GMAT (640-710) or GRE score, 3 years work experience for MBA |
| GMAT Requirement | 600 or above |
| IELTS Score | 6.5 |
| Upcoming Intake | October 3, 2022 |
IESE Business School
IESE Business School is the graduate business school of University of Navarra. It offers Master of Business Administration, Executive MBA, and Executive Education programs to the international students. The study programs are designed keeping in view the students’ needs, developing their knowledge in terms of International Business.
| IESE Business School Highlights | |
|---|---|
| Ranking | #3 in European B-School Rankings by Bloomberg |
| International Students | 85% |
| Average Annual Tuition Fee | 35.50 lakhs INR |
| Admission Requirements | CV, 1 LOR, Essays, Bachelor’s degree with 180 credits, GMAT (580-750) or GRE score, Work experience |
| GMAT Requirement | No minimum score |
| IELTS Score | 7 |
| Next Deadline | October 11, 2022 |
Munich Business School
Munich Business School is a prestigious international business school and the first private university recognized in Bavaria. The university offers programs across business administration, international business, marketing, innovation and entrepreneurship among others.
| Munich Business School Highlights | |
|---|---|
| Average Annual Tuition Fee | 25.51 lakhs INR |
| Admission Requirements | CV Motivation Letter Letter of recommendation GMAT or GRE 5 years of work experience (class profile) |
| GMAT Requirement | No minimum score |
| IELTS Score | 6.5 |
| Admission Deadline | July 15, 2022 (Closed) |
Ludwig Maximilian University of Munich
Ludwig Maximilian University of Munich is a university with tradition and customs in Germany and is one of the oldest universities in Germany. The courses in this university are designed to train the students well in business and management.
| Ludwig Maximilian University of Munich | |
|---|---|
| QS Global Ranking | #59 |
| Average Tuition Fee | No tuition fees |
| Admission Requirements | Academic transcripts Proof of proficiency of German language |
| IELTS Score | 6.5 |
| Admission Deadline | July 15, 2022 (Closed) |
New European College
New European College is a comparatively new private institute in Munich, Germany that offers excellent business programs. Business administration and international management programs are offered by the institution.
| New European College Highlights | |
|---|---|
| Ranking | 4th Best Small University of Applied Sciences in Netherlands |
| Average Tuition Fee | 4.86 lakhs INR |
| Admission Requirements | 2 LORs Bachelor’s degree Assessment interview |
| IELTS Score | 6.5 |
| Admission Deadline | October 15, 2022 |
Admission Requirements for Business Schools in Munich
Students can apply to the business schools in Munich directly through the university's website. Requirements for admission to almost all the business schools are similar. Some of the general requirements are as follows:
- 3-4 year bachelor's degree
- Certified translation of non-English transcripts
- Statement of Purpose
- Evidence of financial support
- Letters of recommendation
- IELTS score of 6.5-7.0
- GMAT score of 640+ or equivalent GRE score
- Resume
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Cost of Living in Munich, Germany
Cost of living in Munich can be around 1.2 lakhs per month. With pre arrival costs around 0.67 lakhs and average tuition fee of around 35 lakhs, students have to make a budget for studying in business schools of Munich. Living in any foreign country includes various expenses such as accommodations, books and material, food, internet, phone, etc. The breakdown of the average monthly cost of living in Germany and maintaining a lifestyle is provided in the following table:
| Expense | Monthly Costs (INR) |
|---|---|
| Accommodation | 0.23 to 0.55 lakhs |
| Travel | 0.07 lakhs |
| Health insurance | 0.08 lakhs |
| Food | 0.11 to 0.16 lakhs |
| Transport | 0.07 to 0.11 lakhs |
| Entertainment | 0.03 to 0.11 lakhs |
| Phone & Internet | 0.17 lakhs |
The strong economy of Germany endorses international students in approaching ventures after graduation. The Business schools in Germany are ideal places to earn entrepreneurial skills and knowledge. Munich, being a technologically advanced city, has its 98% economy established across service and manufacturing sectors. With affordable education and significant post study job opportunities, Munich is an exemplary place for business education.
People Also Ask
Ques. Is Munich, Germany good for Business programs?
Ans. Munich in Germany is home to some of the top business schools and it is attracting students from all over the world. Business schools in Munich focus on innovation and presentation as it is the basic element to good and successful business.
Ques. What are the fees for management programs in Munich?
Ans. The average tuition fee for Business programs in Munich ranges between 35 European Dollars to 40 European Dollars making it more affordable than other study abroad countries. Also, the duration of majority programs is 2 years.
Ques. What business schools are in Munich, Germany?
Ans. Munich has a number of business schools that are regarded among the top b-schools in Germany. The top b-schools include - EU Business School, IESE Business School, Munich Business School, Ludwig Maximilian University of Munich and New European College.
Ques. Which college is best for international students in Munich?
Ans. The EU Business school is one of Munich’s oldest business schools. International students make up more than 35% of the student body. It has been ranked 70 by QS global and is one of the best business schools.
Ques. Why are MBA Colleges in Munich famous for international students?
Ans. Munich has excellent ranking in terms of desirability, demonstrating its appeal to prospective students as well as its overall high quality of life. The atmosphere and environment of Munich, Germany are well-known. Over 40,000 international students from different countries have chosen to study in Munich, Germany.
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