Holding the honour of being the largest economy in Europe and 4th largest in the world (according to World Bank), Germany is a leader in technology and empowers its industries through innovation.
Some of the best business schools in the world are also located in Germany.
Tuition is free in the German Public Universities and they are more than happy to have international students avail of the opportunity, which is evident in the regular rise in their numbers. Germany expects nearly 350,000 international students by 2020.
That said, Germany is not a famous name in the field of business schools as there are more renowned B-schools in Spain, France, and the UK – but it is still a highly valued brand. Mannheim Business School and ESMT of Germany rank among the top 100 business schools in the Global MBA Rankings 2021 by Financial Times.
In Germany, an MBA program is of 1-1.5 year, available for foreign students in part-time, full-time, and virtual mode. More than 50 colleges and universities offer MBA program in Germany, among which 5 universities rank in the top 250 of QS Global MBA Ranking, and 3 universities rank in the top 100 MBA schools by FT Times.
It not only requires a high academic score in bachelor’s but a good score in ILETS/TOEFL along with GMAT to enter into these top German Universities. Below are points that international students must consider if planning to study MBA in Germany:
- Mandatory work experience of 2-3 years along with a bachelor’s degree
- The yearly expense of an MBA in Germany is around 18,000 USD to 45,000 USD ( equivalent to 13 lakhs to 34 lakhs INR
- You can earn an average salary of125,000 USD per annum (~91 LPA) upon graduating with an MBA from German Universities.
MBA in Germany: Highlights
|Duration||MBA: 1to 1.8 years;|
Executive MBA: 2 years
|Average Tuition Fees||17,770 USD to 44,000 USD per annum for MBA.|
100,000 USD for Executive MBA
|Eligibility||Bachelor’s degree in any field; GMAT/GRE score; Work experience, Proof of Language proficiency (English or German)|
|Minimum GRE/GMAT Required||GMAT above 550 or equivalent GRE|
|Minimum Work Experience Required||1 Year. Most B-Schools prefer 2 to 3 years|
|Average Salary Offered||MBA: 125,000 USD; Executive MBA: 131,000 USD|
|Job Role Available||Consultant, Business Development Manager, Project Manager, Strategist, etc|
Why Study MBA in Germany?
- According to the Financial Times, in their European Business School Rankings 2021, eight German business schools rank among the Top 100 for their full-time MBA program.
- QS Global MBA Ranking (2021) has ranked five popular business schools in Germany. Four of the business schools are among the top 100 in the business schools of the world.
- The Association of German Chambers of Commerce & Industry has said that Germany requires close to 1.5 million skilled workers.
- MBA in Germany does not have to cost an arm and a leg because it is cheaper due to less tuition fee than in most European countries.
- MBA in Germany is mainly attractive because the Executive MBA profession is one of the best-paid jobs for both the alumni graduates from prestigious German universities.
|High Paying Degrees in Germany|
|Degrees in Germany||Annual salary in USD|
|Master’s in finance||$130,000|
|Master’s in management||$123,000|
Top Business Schools and Universities for MBA in Germany
4 programs from Germany are ranked in the top 100 in the world as per Financial Times 2021 Global MBA Rankings.
|Rank in 2021||Business School name||Country, by primary campus||Weighted salary ($)||Salary increase|
|54||WHU – Otto Beisheim School of Management||Germany||125,366||89%|
|58||Mannheim Business School||Germany||121,324||89%|
As per FT European B-Schools Ranking 2020, rankings of the top 10 MBA colleges in Germany
|Rank – 2020||Business School||Country, by primary campus||Masters in Management 2020||Full-time MBA 2020||EMBA 2020 #*|
|8||ESCP Business School||France / UK / Germany / Spain / Italy / Poland||6||4|
|19||WHU – Otto Beisheim School of Management||Germany||12||16||10|
|21||Mannheim Business School||Germany||21||19||41 (18)|
|26||Frankfurt School of Finance and Management||Germany||28||28||43|
|45||HHL Leipzig Graduate School of Management||Germany||19||36|
|75||University of Cologne||Germany||60|
As per QS MBA Ranking 2020, rankings of the top 10 MBA colleges in Germany
|QS Global MBA 2020||MBA Colleges in Germany|
|38||Mannheim Business School (MBS)|
|41||Frankfurt School of Finance and Management|
|66||WHU – Otto Beisheim Graduate School of Management|
|11-120||HHL Leipzig Graduate School of Management|
|NA||ESCP – Berlin Campus|
|NA||Cologne Business School|
Best MBA Programs
Below are some of the best MBA programs in Germany along with the course duration and program fees:
|University||Total Program Fees (in USD)||Program Offered and Duration|
|Business School Pforzheim||17,770||MBA in International Business: 1.8 years|
|European School of Management & Technology (ESMT)||26,300||MBA: 1 year|
|European Business School||26,426||MBA: 1.4 years|
|Munich Business School||35,800||MBA: 1 year|
|University of Cologne||38,900||Executive MBA: 2 years|
|Frankfurt School of Finance and Management||42,500||MBA: 1 year|
|HHL Leipzig Graduate School of Management||42,500||MBA: 1 year|
|Technical University Munich||43,500||Executive MBA: 2 years|
|WHU-Otto Beisheim Graduate School of Management||43,600||MBA: 1 year|
|Mannheim Business School||44,200||MBA: 1 year|
Affordable MBA Programs
A number of international students around the globe are attracted to Germany. High-class facilities, brilliant universities, an extraordinary industrial complex, and low tuition fees are the reasons that make Germany a much-liked study abroad country.
The Public Universities do not charge a tuition fee for the bachelor’s program since October 2014. However, some universities charge fees for a special program of master’s including an MBA. A list of universities that don’t charge tuition fee has been provided here.
Before getting into the list, you must understand that no tuition fee does not imply no fees at all.
Universities in Germany can charge some fees such as the Semester fees, Student Union Fees, Registration and application fee, Semester Pass, and any sort of social contribution from the students. These apply for both the undergraduate and postgraduate courses, MBA included.
Moreover, students are required to provide proof of funds commensurate with the cost of living in Germany, at least for the first year of studies. This rule is for MBA candidates too.
One more significant point to note is that many German universities also offer MSc in Management and other courses equivalent to MBA, like in various European countries.
Jobs & Salaries
Jobs for MBA in Germany
Positions in sectors such as Consulting, Technology, Finance, E-commerce, Education, Marketing, and Automotive can be filled by MBA graduates. The backbone of the German economy is formed by SMEs (Small and Medium-sized Enterprises) and contribute up to 51% of the GDP. Due to the creation of about 250,000 jobs every year in SMEs, the job prospects for MBA graduates are boosted.
Some of the good jobs in Germany offered to MBA graduates are shown below.
|Sl no||Roles offered||Job Description||Salary (USD/ year)|
|1||Consultant||Organizing and executing business projects on behalf of clients||158,000|
|2||Business Development Manager||Establishing contact with potential clients and planning marketing initiatives.||191,000|
|3||Product & Project Manager||Taking charge of the product/project and planning the administration development and budgeting of the same.||147,000|
|4||Strategist||Determining and analyzing strategies that help in fulfilling the organization’s goals.||218,000|
|5||Marketing Manager||Identifying a target audience for the product type and develop pricing strategies||130,000|
|6||General Manager||Overall management is handled by the general manager. There is no single task role that defines their job.||183,000|
|7||Operations Manager||Analyzing and improving processes, work quality, and efficiency within the organization.||143,000|
ROI of Top German Business Schools
The reason why the popularity of German Business schools is rising is the high return on investment offered. Handsome average salaries and low tuition fees for MBA graduates is the biggest contributing factor to more international students being persuaded to study MBA in Germany. Below is a graphical representation of the tuition fees along with the salaries offered to MBA graduates of the top German business schools.
In Germany, MBA graduates can get an extension of 18-months while they search for jobs. An MBA in Germany is considered a high-return investment as it can land you in jobs with cushy median salaries of approximately 80,000 USD with supplemental bonuses of about 16-18,000 USD.
The average salary for top 10 MBA Programs in Germany
|Sl no||Top Colleges||Average Salary in EURO (€)|
|1||TUM Technische Universität München||50000|
|3||HHL Leipzig Graduate School of Management||64000|
|4||Frankfurt School of Finance and Management||65000|
|5||Cologne Business School||69302|
|7||WHU – Otto Beisheim Graduate School of Management||75557|
|8||Mannheim Business School (MBS)||87124|
|9||ESCP – Berlin Campus||91320|
|10||Berlin School of Economics and Law (HWR)||NA|
Cost of Studying MBA in Germany
Standardized tests, travel expenses, stay and tuition fees, study material are some of the costs of studying abroad. Here are some expenses that you might require while seeking higher studies in Germany.
There are various pre-arrival expenses before you start the program, like flight tickets, registration fees, application forms, and more. We have explained the details below.
|Sl no||Type of Expense||Cost (USD)|
|1||Program Application Fees||145*|
|2||German Student Visa Application Fees||84 (75 Euro)|
Scholarships for MBA in Germany
Government and private scholarships are available for international MBA students in Germany. Here is a table that has a list of popular scholarships for international students in Germany.
|Name of University||Amount (USD)||Name of Scholarship|
|Mannheim Business School||Outstanding students- 7800; Excellent students- 1100-2200||Multiple merit-based scholarships for outstanding and excellent students|
|ESMT||2200-4400 (depending on proficiency score)||German language scholarship for non-native speakers|
|Frankfurt||Covers partial tuition fees for all eligible MBA applicants||FS MBA scholarship|
|WHU-Otto Beisheim Graduate School of Management||Varies;|
|Scholarship for participants from developing countries;|
Excellent GMAT result scholarships
Admission Process for MBA in Germany
A student with a bachelor’s degree in any discipline from a recognized university is competent to apply for Germany’s MBA courses.
Eligibility for MBA in Germany Admission
Any student with a bachelor’s degree is eligible to apply for MBA courses. However, universities have variant criteria for work experience and GMAT score.
Here is a table for Indian students for the basic requirement of applying to MBA courses.
|Name of the University||Admission Requirements|
|Manheim Business School||3 years of work experience|
|Frankfurt School of Finance and Management||GMAT (average: 640) or GRE or MBA admission test scores;|
Case study assignment; 3 years of work experience;
|WHU-Otto Beisheim Graduate School of Management||2 years of work experience;|
GMAT score (minimum 600 is recommended)
|ESMT Berlin||3 years of work experience;|
GMAT/GRE score; Interview
|HHL Leipzig Graduate School of Management||3 years of work experience;|
GMAT/GRE score; Letter of Motivation
|European Business School||3 years of work experience;|
GMAT/GRE score; Interview
|Munich Business School||80% in bachelors; 2 years of work experience;|
1-2 page letter of motivation; Interview
|Technical University Munich||4 to 5 years of work experience;|
Letter of Motivation
|University of Cologne||4 years of work experience|
|Business School Pforzheim||2 years of work experience;|
Minimum GMAT score of 550 or equivalent GRE score;
Essay on extra-curricular activities; Interview
Germany vs. the USA vs. Canada
MBA in Germany vs. the USA vs. Canada
One of the most popular programs that students study abroad is MBA. Most of the applicants struggle to choose the best program that fits their requirements and budget. An MBA degree from the USA is the first choice of students for a better interest rate and world-class education. However, for the low expense, Canada and Germany at the next best choice for Indian students to acquire an MBA degree.
A comparison of MBA from the USA, Germany, and Canada is mentioned below:
|Basis||MBA in USA||MBA in Germany||MBA in Canada|
|Duration||2 years||1 – 1.4 years||1 – 2 years|
|Number of Top Universities Offering Program (QS Ranking 2020)||105||5||18|
|Average Annual Tuition Fees||64,652 USD to 81,378 USD||17,770 USD to 44,000 USD||16,287 USD to 88,125 USD|
|Minimum GMAT Score Required||700||550||600|