MIM in Germany: Masters in Management in Germany or more commonly referred to as MIM in Germany is an 18 to 24 months advanced postgraduate degree for students who wish to become successful leaders and gain knowledge in the area of management studies. Seen as an alternative to studying Master of Business Administration (MBA), MIM is a highly popular course in Europe and is designed for candidates looking to start their careers with little or no work experience. Germany is one of the many favoured destinations for studying Master in Management (MIM) in Europe.
Germany with its state of the art universities complete with modern amenities has proved itself to be a leader in the field of Masters in Management studies. Free education at Public universities in Germany, low cost of living, and an 18-month post-study work permit are some of the top reasons to study in Germany for International students studying Masters in Management in Germany. Read on as we talk about MIM Colleges in Germany, how to study MIM in Germany without GMAT and the best public universities in Germany for MIM studies.
MIM in Germany – Highlights
| MIM Colleges in Germany |
90+ |
| Cost of Studying MIM in Germany |
Public Universities: No Tuition Fee Private Universities: €11,000 - €17,000 |
| Cost of Living in Germany (Blocked Account) |
€10,332 per year |
| MIM Specialization |
General Management, Economics, International Business, Finance, Marketing, Entrepreneurship and Supply Chain. |
| MIM in Germany eligibility |
Bachelor’s Degree + GMAT/GRE scores + IELTS/TOEFL/German Language Proficiency score + Statement of Purpose (SOP) + Letter of Recommendation (LOR) + resume + work experience |
MIM is popular in Europe as MSc in Management. MIM or MSc in Management are designed for candidates with little or no work experience and who are looking to start their careers in the field of management. Indian students wanting to pursue MIM in Germany are required to have a Bachelor's or equivalent degree in any management related discipline. While public universities in Germany do not charge a tuition fee, the cost of studying for MIM in Germany across private universities starts at €11,000 and can go up to €17,000 for a year. Successful graduates after completing their Masters in Management in Germany (MIM in Germany) can expect a starting remuneration of €48,000euros - €66,000euros annually.
Best MIM Colleges in Germany
MIM in Germany Public Universities: In this section, we are going to be talking about the best universities for MIM in Germany for International students. While there are multiple ranking organisations that publish ranks every year. We have opted to follow the QS Subject Ranking for top MIM colleges in Germany 2022. For the benefit of our readers, we have also marked the popular public universities in Germany for MIM.
| German Universities |
QS Business Masters Rankings: Management 2022 |
University Status |
| WHU (Otto Beisheim), Vallendar, Germany |
#18 |
Private University |
| TUM School of Management, Munich, Germany |
#23 |
Public University |
| University of Mannheim, Business School, Mannheim, Germany |
#24 |
Public University |
| Frankfurt School of Finance & Management, Frankfurt am Main, Germany |
#48 |
Private University |
| HHL Leipzig Graduate School of Management, Leipzig, Germany |
#67 |
Private University |
| ESMT Berlin, Berlin, Germany |
#90 |
Private University |
| EU Business School Munich, Germany |
#101-110 |
Private University |
Read: Universities in Germany that Teach in English
Public Universities in Germany for MIM
MIM in Germany public universities: In this section, we are going to be talking about public universities in Germany for MIM.
Top MIM Specialisations in Germany
Here is a list of top MIM Specialisations for Indian students looking to study MIM in Germany. The initial phase of studying MIM focuses on laying a strong foundation for management sciences and allied concepts like analytical skills, and statistical methods. While the latter phase focuses on various specializations that students can select as per their choice. Different MIM specializations are:
Cost of studying MIM in Germany
This section will brief you on the average cost of studying MIM in Germany and the cost of living in Germany for international students. Public universities in Germany do not require students to pay tuition fees, however, they are required to pay a semester fee, ranging from €150 - €300 at the start of every year. However, the cost of studying MIM in Germany across private universities starts at €11,000 and can go up to €17,000 for a year.
Cost of Living in Germany: Candidates looking to live in Germany are required to open a Blocked Account. The Blocked Account has the required living expense for a student. This amount is decided by the government in Germany. As of January 1, 2021, keeping the rate of inflation in mind, the mandatory amount required in the Block Account for studying in Germany is €10,332 for an entire year or €861 for a month.
German Study Visa
Candidates going to study in Germany would require a German Student Visa for their entire duration of stay. The student visa would also allow students access to part-time work for 20 hours a week for their entire duration of the study or 120 full or 240 half days per year. Candidates should note that on completion of their study, they would be allowed an eighteen-month (18 months) post-study period to find employment in their field of study. Students will have to pay around €110 as a visa application fee, which is INR 8,922.16 (1euro=INR 81.11). Generally, the processing time for a Residence Permit visa is 3 months (8 to 12 weeks).
MIM in Germany Eligibility
Universities in Germany either have rolling admissions or fixed admission deadlines. Candidates are required to check the university website or get in touch with our Shiksha Counselling Services for assistance with the admission process to German Universities. However, candidates applying for Masters in Management in Germany are advised to apply early as there are many elements attached to the application process. Getting your academic profile ready, credentials in order, finances, scholarships and English proficiency tests are a few of the entails that are part of the admission process. Candidates looking to pursue MIM in Germany are required to fulfil these primary requirements:
- Candidates must have a bachelor’s degree in a related field of study
- German universities could require GMAT/GRE scores for admission (optional)
- For pursuing MIM in Germany, students must have the below-mentioned language requirements:
- Knowledge of the German Language for admission to Public Universities in Germany by appearing for German Proficiency Tests
- Knowledge of the English language by appearing for the following English Proficiency Tests such as IELTS, TOFEL iBT or PTE
- Minimum of 2-3 years of work experience (subject to the university admission criteria) for getting enrolled in Germany universities. (optional)
- Motivation letters [Statement of Purpose (SOP) / What is a Letter of Recommendation (LOR)] and Admission Essays
- Copy of certificate as well as grades of all lectures in the pre-study
Work Permit after studying MIM in Germany
Students who have completed their MIM 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.
Scholarships to study MIM in Germany
All German universities recognize talent and they value this talent by providing merit-based scholarships that can be found listed on the official website of universities. Candidates should also get in touch with admission officers to inquire about scholarships and ways to apply for the same.
Candidates should note that it is important to apply to universities well ahead of deadlines to keep room for any special requests that the university might have as part of the scholarship application process. And there is a number of study abroad scholarships that are available to students wanting to study abroad provided by public and private organizations to promote education abroad. Candidates can check out the list of study abroad scholarships on our website.
Not everyone would qualify for a study abroad scholarship. Students who don't qualify for financial aid can opt for an education loan to study in Germany. Candidates can apply to India's top education loan providers through Shiksha Study Abroad
Job Prospects for Masters in Management in Germany
The study of Masters in Management has grown to be one of the most popular courses for Indian students wanting to study in Germany and rightly so. In Germany, studying Masters in Management involves the right amount of learning along with numerous training sessions in local and international companies to bring the best talents forward.
MIM Salary in Germany: When coming to job aspects of pursuing MIM in Germany, candidates who have successfully graduated can expect to earn anywhere between €48,000 to €66,000 annually. And the salary would gradually increase as the candidate would gain more experience and knowledge in studying MIM in Germany or anywhere around the world. Read: Popular Job Sectors in Germany
Popular job roles for Masters in Management Graduates
Business Development
ManagerDigital/Social Media Manager
Project Manager
MIM Jobs & Salaries for Germany
In this section, we are going to be talking about top MIM universities in Germany and their first-year tuition fees and the average salary students can expect after successfully completing their MIM in Germany.
| University Name |
First-Year Tuition Fee |
MIM Average Salaries * |
| ESMT Berlin |
INR 12,46,227 |
€53,000 Euros |
| Frankfurt School of Finance and Management |
INR 13,72,962 |
$200,000 |
| Ludwig Maximilians University Munich |
INR 16,89,800 |
$171,000 |
| Otto Beisheim School of Management |
INR 16,04,296 |
$70,000 |
*(Source – emolument)
