Overview

Holding the honour of being the largest economy in Europe and 4^th 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

Why Germany

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.

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Best B-Schools

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.

As per FT European B-Schools Ranking 2020, rankings of the top 10 MBA colleges in Germany

 As per QS MBA Ranking 2020, rankings of the top 10 MBA colleges in Germany

Best MBA Programs

 Below are some of the best MBA programs in Germany along with the course duration and program fees:

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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.

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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.

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

Fee

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.

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Scholarships

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.

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Admissions

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.

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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:

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