Studying MBA in Germany can cost around 30 lakhs per year for some universities like Frankfurt School and University of Leipzig. For students who do not want to spend that kind of money, Germany has affordable MBA programs available. The cheapest MBA in Germany is offered by University of Hamburg and University of Mannheim as these universities have no tuition fees and only charges semester fees. An MBA in Germany can cost even less than 1 lakh INR per year.
The table below contains universities that offer cheapest MBA in Germany and their tuition fees.
| MBA Universities | Tuition Fees (INR) |
|---|---|
| University of Hamburg | 0.27 lakhs (for Winter Semester) |
| University of Mannheim | 2.39 lakhs (only semester fees) |
| University of Bayreuth | 7.97 lakhs |
| SRH Berlin University of Applied Sciences | 8.35 lakhs |
| International School of Management | 10.9 lakhs |
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Studying in Germany is a lot cheaper than other countries as the universities are more affordable. Along with tuition fees, students have to make a budget for living costs as well. Cost of living in Germany for international students can be around 12-13 lakhs INR per year. This expense include the accommodation charges, meals, transport, health insuarance and personal expenses as well.
The bachelor’s programs in Germany are free of cost since 2014 but the universities charge for MBA programs. MBA colleges in Germany are not only cheaper but also give out high return on investment as well. Graduates of University of Mannheim for example, can earn around 72 lakhs INR per annum on average while the university offers one of the most cheapest MBA in Germany.
People Also Ask
Ques. How much does MBA cost in Germany?
Ans. An MBA in Germany can cost around 30 lakhs per year. However, the country has some more affordable choices. The cheapest MBA in Germany starts from just 1-2 lakhs per year as cost of studying MBA.
Ques. Can I do MBA for free in Germany?
Ans. The MBA colleges in Germany that are publicly funded do not charge any tuition fees for most of the time. Students have to pay only an administration fee and in some of the cases a semester fee only.
Ques. Is MBA in Germany cheap?
Ans. Germany is known for its free education. However, MBAs are not free in this country. Tuitions are cheap but students have to pay some kind of fees in terms of semester fee or administration fee.
Ques. Is cost of living in Germany low?
Ans. Cost of living in Germany is not exactly cheap but it is affordable. The living expenses vary according to student’s lifestyle choices. However, if generalised, living costs in Germany can be around 12 lakhs per year.
Ques. Is MBA expensive in Germany?
Ans. Not at all. MBA in Germany is a lot more affordable than other countries. For private universities the cost for an MBA program can be around 30 lakhs INR per year. For publicly funded universities in Germany, MBAs can be as cheap as less than 1 lakhs per year.
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