15th Dec 2022
Afia Azmi

MBA in Germany | Top Universities | Cost | Specialisations | Jobs & more

Unquestionably, one of the top places in the world for students to study is Germany! Many English-taught courses are available in German universities. Living expenses is affordable for students. This intriguing, multicultural nation provides a lot of assistance to foreign students.

For instance, studying for an MBA in Germany has gained popularity among international students all around the world. Germany may be an option for students who desire to pursue a management degree after earning their bachelor's. The main influencing elements include strong academic performance, reasonably priced MBA in Germany tuition, straightforward MBA in Germany eligibility, etc.

What is MBA?

The MBA is the most widely accepted graduate management degree in the world. Both employers and students are enamoured with it. Each year, tens of thousands of ambitious professionals apply to various MBA programmes.

MBA is for Master of Business Administration. Nevertheless, as a generalist degree, an MBA programme equips you with core management knowledge and gives you a comprehensive understanding of business across fields like marketing, finance, and accounting.

The MBA is the original graduate degree offered by business schools worldwide and was first offered by Harvard University Graduate School of Administration (now Harvard Business School) in 1908.

Employers will notice you more if they see "MBA" on your CV, but the degree's genuine value extends beyond its three letters on a page. An MBA will improve your career and compensation possibilities while enhancing your professional network and business expertise.

Why Study MBA in Germany?

As a location for business schools, Germany offers various MBA courses and long-term employment chances. Due to its high-quality education, affordable tuition, and vibrant economy, Germany attracts professionals who want to play the role of prospective managers. There are several options for students who wish to pursue higher education in Germany, including institutions and programmes.

Students who pursue their MBA in Germany have Two Options -

  • Either follow the normal MBA degree path, which emphasises general management.
  • Students can also adopt a more novel course of action and enrol in specialized MBA programmes. These courses concentrate on specialized fields like logistics, consulting, healthcare management, farm management, and rural management.

Let's take a look at some of the Top Reasons to Study MBA in Germany -

Excellent Facilities for Education and Infrastructure

Most german universities were founded in the Middle Ages, and they have a long history of providing high-quality education and eminent figures in many academic fields. Additionally, Germany places high importance on education, which is demonstrated by the excellent instruction provided there. Germany's top five business schools are among the top 50 MBA programmes worldwide.

Opportunities for Part-Time Work

German law allows international students on a visa to work 120 full days or 240 half days yearly. You are permitted to work 20 hours per week during the semester. However, you may work full-time on holidays.

Variety of MBA Specializations & Programs

In German colleges, you can choose from various MBA specialities that will advance your career. HR, finance, innovation, entrepreneurship, global management, marketing, strategic management, etc., are a few of these, but they are not the only ones. You can select from various MBA programmes, including full-time, part-time, executive, and dual degrees.

Permit for Post-Graduation Residence

Once you have earned an MBA in Germany, international students might need to apply for a residence permit. German immigration laws are rather permissive and give students from non-EU nations a four-year window to look for employment in Germany that matches their educational credentials

Top 5 universities in Germany for MBA

Mannheim University of Business

The University of Mannheim's Mannheim Business School offers two distinct full-time MBA programmes. For this reason, this is one of the most excellent options if you're seeking a public institution in Germany that offers an MBA programme. Students can acquire the greatest management techniques in this course, which has a stellar reputation worldwide.

  • Annual Average Tuition Fee - 39,900 - 45,500 EUR (35,05,876 - 35,05,876 INR)
  • QS global MBA Ranking - 39

European School of Technology and Management (ESMT)

The general management electives of the ESMT MBA programme are paired with electives in technology, innovation, and international business. The emphasis is on corporate innovation, general management, and leadership. Additionally, managerial analytics, innovation and entrepreneurship, or strategic leadership concentrations are available.

  • Annual Average Tuition Fee - 26,000 - 60,000 EUR (22,83,228 - 52,67,946 INR)
  • QS global MBA Ranking - 90

HHL Leipzig Graduate School of Management

In addition to being one of the best business schools in Germany, HHL Leipzig Graduate School of Management also boasts international rankings. HHL has more than 140 partner institutions, multiple degrees are an option, and you can even complete a term abroad. According to statistics, graduates who leave this institution earn 93% more money. As a result, it provides one of the best top MBA programmes in Germany for international students.

  • Annual Average Tuition Fee - 27,000- 34,500 EUR (23,69,914 - 30,28,065 INR)

Business School GISMA

GISMA provides two MBA degrees. The courses emphasize developing managerial, strategic planning, operational, and business control skills. GISMA is one of the top MBA schools in Germany and offers a flexible MBA programme.

  • Annual Average Tuition Fee - 18,000 EUR (15,80,286 INR)

Berlin School of Business and Innovation (BSBI)

Germany's top business school is called the Berlin School of Business and Innovation (BSBI). It mainly provides two types of MBA programmes. These courses concentrate on fostering business acumen and equipping participants for employment on a global basis. Students who pursue a Global MBA have the freedom to look for business possibilities worldwide while also managing the same difficulties. Compared to other universities, the low German MBA tuition that BSBI offers is another reason it is a popular choice among international students.

  • Annual Average Tuition Fee - 9,000 EUR (7,90,272 INR)

Germany MBA Conditions for Eligibility

The following qualifications are often required for MBA admission at German business schools - 

  • A Bachelor's Degree in a related discipline and a one-year master's degree Universities in Germany rarely recognise a 3-year bachelor's degree for MBA programmes.
  • Some German business schools may require valid GMAT or GRE scores. Given that most German universities only require a TOEFL score, it is possible to apply for an MBA in Germany without taking the GMAT.
  • Indian students seeking MBA programmes in Germany must provide proof of their English language proficiency through the use of IELTS, TOEFL, and PTE scores. Colleges also prefer students with a solid command of the German language.
  • Good scores, with a minimum of 60% in academics.
  • Several colleges in Germany require an admission exam for students interested in their MBA programmes.
  • A minimum of 2 to 5 years of work experience may be needed for various MBA programmes. In addition, admission to a few German schools requires an MBA.

How To Pursue MBA in Germany without GMAT or Work-experience?

If you've been considering if you could get an MBA in Germany without a GMAT or any prior work experience, the answer is yes!

Universities like the Technical University of Munich, Ludwig Maximilian University Munich, University of Kiel, University of Tubingen, and the University of Ulm accept students without work experience.

The following is a list of the top German Universities that offer specific MBA programmes without requiring GMAT - Technical University of Munich, Reutlingen University, University Of Kiel, University Of Tubingen and Berlin School of Economics and Law

Cost of Living in Germany

  • Rent - €400 - €1000
  • Transportation - €94 - €100
  • Food - €160 - €200
  • Study Supplies - €30 - €50
  • Telephone and Data - €33
  • Health Insurance - €80 - €110

High-paying jobs in Germany after an MBA

The specialization you choose to pursue will affect your MBA salary in Germany. The pay of an MBA in Germany would vary with different MBA specializations, such as marketing, financial management, supply chain management, etc.

Let's take a look at the Top MBA Careers and their Salary per Annum -

MBA in Marketing - 65,000 EUR/Year

Job Profiles

  • Marketing Officer
  • Marketing Strategist
  • Digital Marketing Manager

MBA in Management - 67,000 EUR/Year

Job Profiles

  • Assistant Manager
  • Project Manager
  • BD Manager

MBA in Finance - 63,700 EUR/Year

Job Profiles

  • Chief Financial Officer
  • Deputy CFO
  • Budget Analyst

Executive MBA - 89,000 EUR/Year

Job Profiles

  • Chief Executive Officer
  • Chief Financial Officer
  • Associate Director

Frequently Asked Questions (FAQ)

Q.1) Is MBA free in Germany?

All students looking to pursue a Masters in Business Administration (MBA) are informed that most publicly funded universities in Germany levy no tuition fees. Students are however required to pay an Administration Fee at the beginning of every academic year.

Q.2) Is Germany good for MBA?

Unquestionably, one of the top places in the world for students to study is Germany! Many English-taught courses are available in German universities. Living expenses are affordable for students. This intriguing, multicultural nation provides a lot of assistance to foreign students.

Q.3) How much does it cost for MBA in Germany?

MBA in Germany costs around €25,000 - €27,000 annually.

Q.4) Is MBA expensive in Germany?

No, it is one of the most affordable countries for students who wish to pursue an MBA. Low Tuition Costs, High Standard of living with affordable rents and Scholarships are all available to students.

Q.5) Is GMAT compulsory for Germany?

GMAT is a requisite for German MBA; however, there are a few universities that offer MBA without GMAT.

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