MBA in Germany: Universities, Colleges & Fees

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Rahul Singha Study Abroad Expert
Updated on Apr 20, 2022 01:11 IST

Study MBA in Germany: Germany is internationally recognized as a leading destination for education. Universities here are ranked among the top universities in the world as per various ranking agencies such as QS World Ranking, etc. A major destination for of technology, research, and innovation, Germany is one of the most sought-after study abroad destinations for international students who want to pursue an MBA in Germany. A fascinating place for information seekers, Germany considers its education system to be of paramount importance. The country has state-of-the-art infrastructure, world-class resources, and no tuition fees, which makes it popular for studying MBA, worldwide.

MBA Colleges in Germany Highlights

Total number of MBA Colleges in Germany

Approximately 45+ MBA colleges

Cost of MBA in Germany

Public Universities: INR 0

Private Universities: €15,000 - €20,000 euro/year

Living Cost: €10,332/year

Top Specialisations

General Management, International Business, Business (others), Finance, Entrepreneurship, Human Resources, Marketing, Healthcare Management

Admission Process

(Subject to university)

Bachelor’s Degree + GMAT/GRE scores + IELTS/TOEFL/German Language Proficiency score + Statement of Purpose (SOP) + Letter of Recommendation (LOR) + resume + work experience

Master of Business Administration (MBA) is considered to be one of the most recognized degree programs worldwide. It is well known for its curriculum that combines theoretical knowledge with practical experience. Candidates with an MBA degree from a recognized university are able to choose from a variety of career options. Pursuing a degree in MBA not only educates the student with managerial skills but also teaches him to interpret the latest business trends and successfully implement them in the future.

Best MBA Colleges in Germany

Top MBA colleges in Germany: For this section we are going to be talking about the best MBA universities in Germany for international students.

University

QS World University Rankings 2022

US News & World Report: Best Global Universities 2022

Frankfurt School of Finance & Management

44

NA

Technical University of Munich

50

74

EU Business School

131-140

NA

Technical University of Berlin

159

330

RWTH Aachen University

165

192

University of Hamburg

214

156

University of Mannheim

423

756

Leipzig University

447

350

Johannes Gutenberg University

427

230

University of Bayreuth

501-550

696

Top MBA Specialisations in Germany

Here is a list of top MBA Specialisations in Germany for Indian students looking to study in the country.

MBA in General Management

MBA in Entrepreneurship

MBA in Finance

MBA in Human Resources

MBA in Business (Others)

MBA in International Business

MBA in Marketing

MBA in Healthcare Management

Top MBA Universities in Germany – by Specialization

In this section, we are going to talk about the top MBA universities in Germany as per popular ranking organisations.

Top Colleges for MBA in General Management in Germany

In this section we are going to be talking about the best MBA colleges in Germany for pursuing MBA in General Management. 

University

QS World University Rankings 2022

US News & World Report: Best Global Universities 2022

Frankfurt School of Finance & Management

44

NA

Technical University of Munich

50

74

WHU - Otto Beisheim School of Management

59

NA

EU Business School

131-140

NA

Munich Business School

151-200

NA

Technical University of Berlin

159

330

RWTH Aachen University

165

192

University of Mannheim

423

756

Johannes Gutenberg University

427

230

Leipzig University

447

350

University of Augsburg

NA

1251

Best Public Universities in Germany for MBA

Germany Public Universities for MBA: In this section we are going to be talking about the best public universities in Germany for MBA. 

  1. Technical University of Munich
  2. Ludwig Maximillian University Munich
  3. University of Kiel
  4. University of Tubingen
  5. University of Ulm
  6. University of Stuttgart
  7. RWTH Aachen University
  8. Dresden University of Technology
  9. Johannes Gutenberg University
  10. University of Bremen

Cost of studying for MBA in Germany (Tuition + Living Cost + German Study Visa)

Cost of studying MBA in Germany: In this section we will brief you on the average cost of studying MBA in Germany and the cost of living in Germany for international students. The average first-year cost of studying MBA in Germany is INR 14 Lakhs. The average cost of living in Germany is around INR 4 Lakhs lakhs per year.

Cost of Living in Germany: Every year, according to the prevailing economic conditions as well as the relevant fees structure, every university would request that a monthly sum be provided for the student to facilitate his living expenses in the country as well as for completing his education, this money is deposited in a Blocked Account. As of January 1, 2022, keeping the rate of inflation in mind, the mandatory amount required in the Blocked Account for studying in Germany is €10,332 for an entire year or €861 for a month. 

Student Visa Cost for Germany

If a student wants to stay in Germany for more than 90 days in such a case a residence permit is required or popularly called the German Study Visa. Students will have to pay around €110 as a visa application fee, which is INR 9135.94. Generally, the processing time for a Residence Permit visa is 3 months (8 to 12 weeks). 

MBA requirements for Germany – Eligibility Criteria

Candidates looking to pursue MBA in Germany are required to fulfil these primary requirements:

  1. Candidates must have a bachelor’s degree in a related field
  2. Most universities require GMAT/GRE scores for admission
  3. For pursuing MBA in Germany, students must appear in following proficiency tests:
    1. German Proficiency Tests – Either of the following - Deutsche Sprachprüfung für den Hochschuluzugang (DSH); Deutsches Sprachdiplom der Kultusministerkonferenz (DSD II); Test Deutsch als Fremdsprache (TestDaF); Telc Deutsch C1 Hochschule; Goethe Certificate B2; Telc Deutsch C1 Hochschule; Qualification Assessment examination
    2. English Proficiency Tests such as IELTS, TOFEL iBT, PTE; followed by a personal interview conducted by some universities.
  4. Minimum of 2-3 years of work experience (subject to the university admission criteria) for getting enrolled in Germany universities.

Work Permit after studying MBA in Germany

Students who have completed their Master's in Germany (MS in Germany) are eligible to work in Germany after their studies. International students can work for up to 18 months as part of their post-study work permit in Germany. This extended period of 18 months is called a post-study work permit in Germany. During these 18 months, candidates can work on their own initiative and take on any type of work to support themselves. However, if a student wants to permanently stay in Germany, he or she can apply for an ‘EU Blue Card’ - Residence Permit as early as two years after receiving their work visa. 

MBA Scholarships for Germany

Scholarships for studying abroad are broadly categorized into merit-based and need-based financial aid. Multiple scholarships for international students applying to German universities are provided by the universities to attract the international crowd and government/private organizations. Candidates who are looking for MS scholarships to study in Germany can view the most comprehensive study abroad scholarships mentioned on our website. Our website currently registers more than 2000 scholarships distributed in 11 countries amounting to over INR 1,315 crores in the total amount.

MBA Jobs & Salaries for Germany

In this section, we are going to be talking about top MBA universities in Germany and their first-year tuition fees and the average salary students can expect after successfully completing their MBA from Germany.

College Name

First-Year Tuition Fee

Average Salaries (Source – emolument)

Berlin School of Economics

INR 10.3 lakhs

$74,000

Frankfurt School of Finance and Management

INR 39.1 Lakhs

$240,000

Hamburg University

INR 5.4 lakhs

$156,000

Otto Beisheim School of Management

INR 35.1 lakhs

$91,000

Technical University of Munich

INR 17.6 lakhs

$84,000

Top Recruiters for MBA in Germany

In this section, we are going to be discussing the top recruiters for graduates who have studies MBA in Germany.

University

Top Recruiters

The University of Europe for Applied Sciences

Google | Amazon

University of Mannheim

Accenture | Roche Pharma AG | Freudenberg SE | EY | Würth | KPMG | PWC

Frankfurt School of Finance & Management

Accenture |Kion Group|BRITA | SAP | EY | KPMG | PWC | UBS

MBA in Germany FAQs

In this section, we are going to be talking about the frequently asked questions revolving around studying MBA in Germany for international students.

Q. Are there scholarships to study MBA in Germany?

A. Yes, you can check a comprehensive list of a variety of scholarships that you can apply for on our website.

Q. What exam scores are required for pursuing MBA in Germany?

A. For MBA in Germany, international applicants are required to have scores of GMAT/GRE and IELTS or TOEFL along with the scores of German Proficiency Tests.

Q. What is the cost of an MBA from Germany University?

A. The average first-year cost of studying MBA in Germany is INR 13.52. The average cost of living in Germany is around INR 3.57 lakhs per year.

Q. Is GMAT required for MBA in Germany?

A. Most universities in Germany only require a valid score on the TOFEL iBT test, it is possible to apply for an MBA in Germany without GMAT.

Q. Is work experience mandatory for studying MBA in Germany?

A. Yes, prior experience of 2-3 years is required (subject to the university admission criteria) for getting enrolled in German universities.

Q. Is MBA in Germany Free?

A. There are universities in Germany that offer free MBA courses for international and local students. This means that you will not have to spend a lot of money on your education but this does not mean that it is free. You will be asked to submit a small amount for the semester. Additionally, as an international student, you will be spending money on rent, food, clothing, etc., which will add to the cost.

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