MBA in Germany: Deadlines, Colleges, Fees 2023, Jobs & Salaries

MBA in Germany: Fees 2023, Top Colleges, Placement & Salaries

MBA in Germany is a 1-2 year-long postgraduate degree program offered with several specialisations and is available in both full-time and part-time options. A bachelor's degree or its equivalent from an accredited institution is required to enrol in MBA colleges in Germany. Applicants should have 1-4 years of professional experience and a GMAT score ranging from 550-600.
Also Explore: Intakes in Germany

MBA from private universities in Germany costs between 10,400 and 49,500 EUR per year (INR 9.1 Lakhs to INR 43.4 Lakhs). The public universities in Germany for MBA do not require any tuition fee for admission to MBA in Germany. Instead, students need to pay a semester fee between 200 to 1,400 EUR (17,000 to 1.25 lakhs INR). MBA in Germany provides a high return on investment with graduates earning an average salary ranging from EUR 36,000 to EUR 73,500 (INR 31.6 Lakhs to INR 64.4 Lakhs).
Check
: Jobs After MBA in Germany

MBA in Germany: Highlights

Courses Available MBA | Executive MBA
Course Type Full-time | Part-time
Program Duration 1-2 Years
Eligibility Criteria Bachelor’s degree in Economics, Industrial Engineering, or equivalent from a recognized university
GMAT score 400 to 600
Professional Experience At least 1-3 Years
English Proficiency Requirements IELTS: 5.5 to 7 (with at least 5 to 6.5 in each band) | TOEFL iBT: 61 to 100 overall score
Annual Tuition Fees EUR 10,400 to EUR 49,500 (INR 9.1 Lakhs to INR 43.4 Lakhs)
Annual Salary Range EUR 36,000 to EUR 73,500 (INR 31.6 Lakhs to INR 64.4 Lakhs)
Top Recruiters Wipro | Airbus | Microsoft | KPMG | EY | Amazon | Adidas

MBA colleges in Germany

According to the QS World Rankings 2023, 9 MBA colleges in Germany have attained international recognition.The following is the list of the top MBA colleges in Germany, all their respective deadlines, and tuition fees:

University Course Duration Application Deadlines Total Tuition Fees (EUR)
Saarland University MBA 1 Year 15 July 2023 | Late Registration: 30 Sep 2023 12,000
University of Bayreuth MBA: Healthcare Management 1 Year 25 Sep 2023 17,200
ESMT Berlin MBA 15 Months 22 Feb 2024 49,000
Frankfurt School of Finance and Management MBA | Executive MBA 12 Months | 18 Months 31 July 2023 42,000 | 49,500
Munich Business School MBA 12 Months 15 April 2023 32,000
HTW Berlin Master of Business Administration and Engineering (MBAE) 18 Months 28 Feb 2023 (Closed) 12,500
Reutlingen University (ESB Business School) MBA: International Management 12 Months 30 June 2023 10,400
Hochschule Pforzheim MBA: International Management 16 Months | 21 Months 15 June 2023 4,400 (per semester)
GISMA Business School Global MBA 12 Months Rolling 18,000
Technical University of Munich Executive MBA in General Management | Executive MBA in Business and IT | Executive MBA in Innovation and Business Creation 24 Months Round 1: 30 June 2023 | Round 2: 31 July 2023 | Round 3: 31 Aug 2023 39,000
WHU-Otto Beisheim School of Management MBA 12 Months 31 May 2023 43,000
RWTH Aachen University MBA: Digitalization and Industrial Change | Executive MBA: Technology Management 18 Months 31 Aug 2023 30,000
SRH Berlin University of Applied Sciences MBA: General Management | MBA: International Healthcare Management | MBA: International Human Resource Management | Executive MBA: General Management 1 Year | 18 Months 31 May 2023 14,400 | 21,600
Leipzig University MBA 15-21 Months 31 May 2023 33,500 - 37,500

Why study MBA in Germany?

MBA in Germany is offered by several well-known and worldly accredited business schools in Germany such as SRH: Berlin University of Applied Sciences, Technical University of Munich, etc. Some of the major reasons to pursue an MBA in Germany are pointed out below:-

  • Germany is considered among the top study abroad destinations for MBA, along with USA, UK, Australia, etc.
  • MBA in Germany offers an annual salary range of EUR 36,000 to EUR 73,500 (INR 31.6 Lakhs to INR 64.4 Lakhs).
  • Some of the top employers for the graduates of MBA in Germany along with average salaries are given below:
    MBA in Germany: Top employers and salaries

  • A degree from a German university is highly respected and recognized worldwide, which can be advantageous for students who wish to pursue an international career in business.
  • Some universities in Germany allow the MBA program to get completed in a single year.
  • International students can pursue MBA in Germany without GMAT across some of the top universities. As an alternative, students need demonstrated academic excellence, satisfactory IELTS score, and relevant professional experience.

MBA in Germany: Admissions

The application process for MBA in Germany commences twice a year for the admissions to the winter and fall sessions. Individuals are required to produce English or German Language Proficiency scores in accordance with the program or specialisation. For further information related to admissions to MBA colleges in Germany, refer to the following sections:-

MBA in Germany: Eligibility Criteria

The following eligibility criteria are followed by a majority of the universities offering MBA in Germany:

  • Bachelor’s degree in Business, Economics, Industrial Engineering, or equivalent from a recognized university
  • Official or certified copies of transcripts
  • GMAT score of at least 400 to 600
  • Practical work experience of at least 1-3 years
  • 2 professional and 1 academic LOR
  • Passport size photos
  • 500-word SOP
  • An updated Resume or Curriculum Vitae
  • Proof of English Proficiency:-
    • IELTS: 5.5 to 7 (with at least 5 to 6.5 in each band)
    • TOEFL iBT: 61 to 100 overall score
  • Valid Passport
  • Germany Student Visa

Also Checkout:

MBA in Germany: Admission Requirements

The university specific admission requirements for pursuing MBA in Germany are provided in the following table:

University Degree Requirements GMAT Score Language Proficiency Score Work Experience
Saarland University First university degree 400 TOEFL: 61 1 year
University of Bayreuth Bachelor’s degree from a recognized university 600 DSH-1 2 years
ESMT Berlin 3-year Bachelor’s degree 650 IELTS: 7 (with at least 6.5 in each band) | TOEFL: 95 3 years
Frankfurt School of Finance and Management First university degree with relevant professional experience 640 IELTS: 7 (with at least 6.5 in each band) | TOEFL: 90 Average work experience: 7 years
Munich Business School Bachelor’s degree from a recognized university 600 IELTS: 6.5 (with at least 6 in each band) | TOEFL: 85 (with at least 20 in each band) 2 years
HTW Berlin Bachelor’s degree from a recognized university IELTS: 7 (with at least 6.5 in each band) | TOEFL: 94 1 year
Reutlingen University (ESB Business School) First university degree 550 IELTS: 6.5 (with at least 6 in each band) 2 years
Hochschule Pforzheim First university degree 550 TOEFL: 87 2 years
GISMA Business School Bachelor’s degree from a recognized university 650 IELTS: 6.5 (with at least 6 in each band) 3 years
Technical University of Munich First university degree 640 IELTS: 6.5 (with at least 6 in each band) | TOEFL: 88 3 years
WHU-Otto Beisheim School of Management Bachelor’s degree from a recognized university 600 IELTS: 7 (with at least 6.5 in each band) | TOEFL: 100 2 years
RWTH Aachen University Bachelor’s degree in Economics or Industrial Engineering from a recognized university 600 IELTS: 5.5 (with at least 5 in each band) | TOEFL: 90 2 years
SRH Berlin University of Applied Sciences Bachelor’s degree from a recognized university IELTS: 6.5 (with at least 6 in each band) | TOEFL: 87 | DSH profung: Level 2 2 years
Leipzig University Bachelor’s degree from a recognized university 600 IELTS: 7 (with at least 6.5 in each band) | TOEFL: 90 3 years

MBA in Germany Cost

The entire cost of studying MBA in Germany includes the tuition fees of the selected university, the cost of living in Germany and the funding options. The following sections elaborate on the cost of pursuing MBA in Germany:

MBA in Germany: Tuition Fee

The average tuition costs for MBA in Germany vary from EUR 10,400 to EUR 49,500 which is equivalent to INR 9.1 Lakhs to INR 43.4 Lakhs. The university-wise tuition fee distribution is tabulated as follows:

MBA in Germany: Tuition Fee

University Total Tuition Fees (EUR) Total Tuition Fees (INR)
Saarland University 12,000 10.5 Lakhs
University of Bayreuth 17,200 15.1 Lakhs
ESMT Berlin 49,000 43 Lakhs
Frankfurt School of Finance and Management 42,000 36.8 Lakhs
Munich Business School 32,000 28 Lakhs
HTW Berlin 12,500 11 Lakhs
ESB Business School 10,400 9.1 Lakhs
GISMA Business School 18,000 15.8 Lakhs
Technical University of Munich 39,000 34.2 Lakhs
WHU-Otto Beisheim School of Management 43,000 37.7 Lakhs
RWTH Aachen University 30,000 26.3 Lakhs
SRH Berlin University of Applied Sciences 14,400 12.6 Lakhs
Leipzig Graduate School of Management 33,500 29.4 Lakhs

Cost of Living in Germany

As compared to other European countries, Germany is not an expensive study-abroad destination. However, the cost of living in Germany is still higher than that of India. The following table illustrates the regular/monthly expenses of a student in Germany:

Expense Type Cost Per Month (EUR) Monthly Cost Equivalent (INR)
Accommodation on Rent 625 to 1,660 54,000 to 143,000
Groceries 168 14,500
Gas and Electricity 245 21,100
Phone and Internet 35 3,000
Public Transport (Monthly Pass) 70 6,000
Entertainment 12 1,000

Cost of Living in Germany

MBA Scholarships in Germany

Individuals pursuing MBA in Germany can apply for numerous scholarships and grants in order to fund their education. Some of the popular MBA scholarships in Germany include:

Scholarship University Eligibility Award
SRH Scholarship for International Students SRH: Berlin University of Applied Sciences Candidates studying in SRH: Berlin University of Applied Sciences having financial needs and outstanding motivation 50% first-year tuition fee waiver
Woman for Leadership Scholarship SRH: Berlin University of Applied Sciences Female studying in SRH: Berlin University of Applied Sciences with a letter of motivation and IELTS overall score of 6.5 or more 50% first-year tuition fee waiver
FS MBA Scholarship Frankfurt School of Finance and Management Candidates studying MBA with academic excellence 30% tuition fee waiver
British Council IELTS Awards Government of Germany Candidates possessing an IELTS overall score of 6.5 or more while studying in Germany EUR 3,000 to 10,000
HHL Future Entrepreneur Scholarship Leipzig Graduate School of Management Candidates pursuing MBA having above average GMAT score 25% tuition fee waiver
Erasmus Mundus Joint Masters scholarships Government of Germany Master’s students all over the world, bachelor’s degree or equivalent or in last year of bachelor’s program Program cost, travel and living allowance

Also Check: International scholarships to study in Germany

MBA in Germany: Placements

The completion of MBA in Germany, generally, allows one to bag high paying jobs in world-leading and well-known companies of the world. The average graduate salary received after MBA in Germany ranges from EUR 36,000 to EUR 73,500, equivalent to INR 31.6 Lakhs to INR 64.4 Lakhs:

MBA in Germany: Placements

Job Profile Annual Salary (EUR) Indian Equivalent (INR)
Account Manager 44,000 38.6 Lakhs
Area Manager 53,400 46.8 Lakhs
Administrative Manager 36,000 31.6 Lakhs
Project Assistant 36,300 31.8 Lakhs
HR Manager 50,000 43.8 Lakhs
Engagement Manager 73,500 64.4 Lakhs

Explore: Post-Study Work Visa in Germany

MBA in Germany vs MBA in USA

A contrast between MBA in Germany and MBA in USA is provided in the following table:-

Particulars MBA in Germany MBA in USA
Eligibility Criteria Bachelor’s degree in Economics, Industrial Engineering, or equivalent from a recognized university with at least 1-3 years of experience Bachelor’s degree with at least 3 GPA out of 4 from a recognized university with at least 5 years of experience
Duration 1-2 Years 1-2 Years
Language Proficiency IELTS: 5.5 to 7 (with at least 5 to 6.5 in each band) | TOEFL iBT: 61 to 100 overall score | DSH-1 IELTS: 6 to 7.5 (with at least 5.5 to 7 in each band)
Monthly Cost of Living EUR 900 to 2,900 (INR 78,500 to 2.5 Lakhs) USD 1,000 to 3,700 (INR 81,000 to 3 Lakhs)
Tuition Fee EUR 10,400 to EUR 49,500 (INR 9.1 Lakhs to INR 43.4 Lakhs) USD 48,000 to USD 78,000 (INR 39.6 Lakhs to INR 64.5 Lakhs)
Graduate Salary EUR 36,000 to EUR 73,500 (INR 31.6 Lakhs to INR 64.4 Lakhs) USD 84,700 (INR 70 Lakhs)

MBA in Germany is a practical research-oriented program designed primarily for working professionals aspiring to positions of management. Moreover, it offers both theoretical expertise and practical experience to candidates. Germany is a perfect business education venue with a varied range of long-term career opportunities.

FAQs

Ques. How much does an MBA cost in Germany?

Ans. The average cost for studying MBA in Germany ranges from EUR 10,400 to EUR 49,500 which is equivalent to INR 9.1 Lakhs to INR 43.4 Lakhs.

Ques. Is prior experience required for studying MBA in Germany?

Ans. Most of the universities in Germany offer MBA to candidates possessing a prior relevant experience of 1-3 years. However, there are still some institutions that offer MBAs in Germany without experience.

Ques. In which language is MBA in Germany taught?

Ans. A majority of business schools in Germany teach MBA in an English-taught curriculum. This allows international candidates to pursue MBA in Germany without any tension.

Ques. What are the institutions for studying MBA in Germany?

Ans. MBA in Germany is offered by the following top universities:-

  1. SRH: Berlin University of Applied Sciences
  2. Technical University of Munich
  3. Frankfurt School of Finance and Management
  4. Saarland University

Ques. What are the top study-abroad destinations for MBA?

Ans. The following are the popular study-abroad destinations for pursuing MBA:-

  1. USA
  2. UK
  3. Australia
  4. Germany
  5. France

Ques. What can I do after completing my MBA in Germany?

Ans. The completion of an MBA in Germany allows an individual to start working at a financial firm and bag an annual salary varying from EUR 36,000 to EUR 73,500, equivalent to INR 31.6 Lakhs to INR 64.4 Lakhs. Furthermore, they may also invest their knowledge of Business Administration and start their own business.

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