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.

Pre-arrival Costs

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 noType of ExpenseCost (USD)
1Program Application Fees145*
2German Student Visa Application Fees84 (75 Euro)
3Health Insurance90-180**
4IELTS Fees185-190
5TOEFL Fees160-250
6GMAT Fees250
7GRE Fees205-230
8Airfare450-1400

*Many business schools do have extra charges on tuition fees.

**The health insurance cost entirely depends on the age of the applicant.

 Tuition Fees for MBA in Germany

Here we have some of the top business schools in Germany and their tuition fee comparison for MBA courses.

  B-Schools Annual Fees in USD
Manheim Business School44200
Frankfurt School of Finance and Management42500
WHU-Otto Beisheim Graduate School of Management43600
ESMT26300
EBS18901
HHL Leipzig Graduate School of Management42500
Munich Business School35800
Technical University Munich21750
University of Cologne19450
Business School Pforzheim9872

Please note: The costs (annual) are given in USD and are approximate tuition for the program.

Cost of MBA in Germany for Indian Students

Business School in GermanyCost in INR in Lakhs
EBS13.84
ESMT19.2
Munich Business School26.21
Frankfurt School31.12
HHL31.12
Whu-Otto31.92
Mannheim School of Business32.3

It takes a huge amount for Indian students to pursue MBA from the top universities of the USA. MBA in Canada is also quite expensive. However, Germany is comparably less expensive for Indian students to pursue MBA.

 

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Cost of Living in Germany

The monthly expense of staying both on and off-campus in Germany is between 400 to 1000 USD. The food costs range between 160 to 470 USD. The living expense is around 840 to 1200 USD; this includes transportation, health insurance, accommodation, social entertainment, and sustenance.

Sl noType of ExpenseCost (USD)
1Accommodation392 – 1100
2Food And Drink160 – 470
3Clothing45
4Working Or Learning Materials23
5Travel110
6Health Insurance90
7Phone, Internet, Tv35
8Social Life68
Total840 – 1200

 

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