Thinking about what an MBA in Germany costs and why you should travel all the way to the country to study for a Master of Business Administration? Germany is known for offering some of the finest MBA programs to aspirants. German MBA degrees are attaining higher popularity amongst aspirants including both Indian and other international students. Reports state that a whopping 4,00,000 international students are presently pursuing higher education in Germany and the figure may even be higher, with a majority wishing to stay back and work in the country after graduating. The comparatively lower cost of living and studying in Germany is a major draw along with funding opportunities and attractive employment prospects.
Read More: MBA in Germany without IELTS
Why study in Germany and why an MBA from here?
The MBA in Germany cost is quite affordable. MBA fees in Germany for tuition forms the biggest component of study expenses. MBA courses are amongst the costliest study options available in most countries. Yet, in Germany, higher education is available free of cost in public institutions and fees are comparatively reasonable at leading private German B-schools. Costs are comparatively lower when looked at with respect to the US and the UK costs. Just to cite an example, average MBA course fees in Germany may be around $47,000 at institutions like the Frankfurt School of Finance & Management while the same course at the likes of the University of Oxford will cost roughly $85,000.
At the same time, along with the comparatively reasonable MBA fees in Germany for international students, the educational standards are also higher. In the European Business School Rankings for 2020 courtesy of Financial Times, eight German B-schools were listed among the top 100 for full-time management courses. Five German business schools have found a place in the QS Global MBA Rankings for 2021. Four of these institutes featured in the top 100 list of B-schools globally. As per the Association of German Chambers of Commerce & Industry, there is a requirement for 15 lakh skilled employees from foreign nations, hence no shortage of work opportunities. MBA employment increased by 10% for 2017 and a further 7% increase was witnessed for 2018. The figures have only gone up since.
MBA in Germany fees for Indian students will thus be comparatively lower than that of the US or the UK institutions owing to lower tuition fees. The Executive MBA course is the most rewarding, in terms of employment and salary packages, for alumni and graduates of leading universities in Germany.
Read More: Cost of Study in Germany
MBA fees in Germany at leading institutions
The average cost of an MBA in Germany can be estimated by taking a closer look at the tuition fees of leading institutions in the country. The low cost of MBA in Germany is usually due to the various study modes– part-time, full-time, and online—available for international students for a 1to 1.5-year program. There are 50+ colleges and universities that provide MBA in Germany with close to five universities featuring in the top 250 of QS Global MBA Ranking and three universities ranking within the top 100 MBA schools’ list, according to Financial Times.
A bachelor’s degree and two-three years of work experience are compulsory for Indian students to pursue MBA from Germany. Annual costs may hover between USD $17,770 to $44,000. This works out to roughly INR 13-33 lakh. MBA aspirants will require TOEFL/IELTS scores along with GMAT scores for admission. MBA graduates from top German universities may earn up to INR 91 lakh per annum or roughly USD $125,000 as an average salary.
The MBA degree imparts all students with a variety of practical skills and capabilities that can be tapped for future business growth and development. Getting an MBA from a recognized global institution will help students gain excellent professional prospects and job opportunities with attractive salaries in the future.
Here’s looking at some of the top universities in Germany for MBA programs along with the duration and approximate fees for each of them:
|Course & Duration||
Program Costs (USD)
Mannheim Business School
|MBA: 1 year||44,200|
|Frankfurt School of Finance and Management||MBA: 1 year||
WHU-Otto Beisheim Graduate School of Management
|MBA: 1 year||43,600|
|European School of Management & Technology (ESMT)||MBA: 1 year||
HHL Leipzig Graduate School of Management
|MBA: 1 year||42,500|
|European Business School||MBA: 1.4 years||
Munich Business School
|MBA: 1 year||35,800|
|Technical University Munich||Executive MBA: 2 years||
University of Cologne
|Executive MBA: 2 years||38,900|
|Business School Pforzheim||MBA in International Business: 1.8 years||
|Study in Germany|
|MBA in Germany||MIM in Germany|
|MS in Data Science in Germany||MS in Computer Science in Germany|
You can also count on platforms like upGrad Abroad when it comes to pursuing MBA degrees in Germany. You can save on costs considerably while enjoying end to end support with applications, admissions, visa applications and everything else. Study conveniently online and on-campus at leading German universities without burning a hole in your pocket.