Germany is home to numerous multinational corporations, thriving startups, and a robust technology and business sector. The country’s flourishing job market presents promising opportunities for MBA graduates providing them with a wide range of career prospects and the potential for professional growth.
MBAs are usually 1-1.5 year programs for international students which come in part-time, full-time, and online modes alike. There are 50+ educational institutions offering this program in Germany, including several highly ranked names. Also due to affordability, the country is fast becoming a booming destination for MBA courses.
Bachelor’s degree or an equivalent degree from a recognized institute
Average Salary
EUR 65,000 per year
Why Study MBA in Germany?
There are numerous benefits of studying MBA courses in Germany. They include the following:
Germany has some of the world’s highest-ranked universities for MBA programs, along with cutting-edge educational infrastructure and facilities.
Germany is also witnessing soaring demand for skilled MBA graduates across varied business sectors. Reports have highlighted increases in both employment figures and salaries.
MBAs are more affordable in Germany since public universities charge zero or nominal tuition fees. Students majorly have to cover some administrative costs and their living and accommodation costs.
With a thriving economy, Germany offers excellent career prospects for MBA graduates with handsome starting salaries.
Some of the best MBA colleges in Germany are listed below, encompassing the QS Europe MBA rankings, course duration, tuition fee, and application deadline where you should study your MBA in Germany:
Though the intakes of MBA colleges in Germany differ from university to university, the majorly followed intakes by the leading MBA universities in Germany are April and September.
Few universities, such as EU Business School in Germany, have no application deadlines, and applications are open throughout the year. The application process for the Master’s courses is extensive and might take 6-8 weeks more for visa application processing.
Course Curriculum of MBA in Germany: Core & Electives
The MBA program in Germany has categorized its subjects and concentrations into Core and Elective categories. The core modules help build a solid foundation for understanding the basic management concepts and core organizational functions. It includes:
One can easily apply to German B-Schools online. All you need are the documents mentioned above and their scanned copies. The process is very simple and can be done in easy steps using the official website.
Research an MBA college in Germany that aligns with your goals and preferences.
Check the eligibility criteria of that particular university and ensure that you meet them.
Fill out the application form, submit all the required documents, and make the payment before the deadline.
Get your entrance exam scheduled according to the university and attend it on the mentioned date.
If shortlisted, you will be informed by the university. Further, get ready with all the needed documents for your interview process.
Cost of Living in Germany
When it comes to studying abroad, Germany is not an expensive study destination for international students. One can easily manage their expenses here. However, the cost of living in Germany greatly differs with the location you choose to live in. For instance, Munich and Stuttgart are costlier than Bremen, Leipzig, Frankfurt or Berlin.
Several scholarship options are available for international students who want to pursue their MBA in Germany. You can use the scholarship grants to fund your studies in Germany. Some of the top scholarships are mentioned here:
Scholarship
University
Eligibility
Amount
ESMT Women’s Academic Scholarship
ESMT
Female candidates with more than 650 scores on GMAT and an application essay
Upto EUR 10,000
WHU-Otto Beisheim School of Management Scholarship
WHU-Otto Beisheim School of Management
Excellent academic record with good English proficiency
Some of the top recruiters in Germany for MBA graduates include Siemens, Volkswagen, Bosch, BMW, Mercedes, Merck, and Bayer.
Study with upGrad Abroad
Enroll in our Master of Business Administration (90 ECTS) program that gives you an opportunity to study at IU Germany and London South Bank University. It is an 18-monthly course where in the first semester, you will be studying online with IU Germany. You can save up to 10 lakhs of your education cost. Tuition fees for the first semester of the course are INR 2.5 Lakhs (inclusive of taxes). For the next two semesters, you will study on-campus at IU Germany. Tuition fees for IU Germany are approximately EUR 9,028. You will also be eligible for PGWP/Post Study Work/OPT visa application after graduation for up to 18 months.
How can I get admission into the top MBA colleges in Germany?
To get into the top MBA colleges in Germany, one needs to have a recognized graduate degree, GMAT score, TOEFL, motivation letter, reference letter, and work experience of one to two years.
What are the top MBA programs in Germany?
Top MBA programs in Germany include Executive MBA and MBA in international management.
How much does an MBA cost in Germany?
Typically, an MBA in Germany costs approximately EUR 21,900 to 49,000 as a tuition fee and around EUR 815 to 1,090 per month as a living expense.
Is Germany good for an MBA?
Yes, Germany is an excellent study destination for an MBA because of the following supporting factors:
Quality education
Affordability
Strong economy
International exposure and diversity
Strong job market
Location in Europe
Who is eligible for an MBA in Germany?
Candidate with a Bachelor’s degree or an equivalent degree from a recognized institute along with university-specified GMAT/GRE score and English proficiency score is eligible to pursue an MBA in Germany.
Which is the No. 1 University for MBA in Germany?
Here are a few QS rankings of the top MBA universities in Germany:
Name of the Institution
QS Subject Ranking 2023: MBA
Mannheim Business School
16
Frankfurt School of Finance & Management
17
WHU-Otto Beisheim Graduate School of Management
24
ESMT Berlin
27
HHL Leipzig Graduate School of Management
39
EU Business School
46
Is an MBA from Germany recognized in India?
Yes, an MBA degree from Germany is recognized all over the world, including India. All you need to consider is an accredited, recognized, and reputed university in Germany to pursue your MBA.
Is GMAT compulsory for MBA in Germany?
No, the GMAT score is not compulsory for an MBA in every university in Germany. It varies based on the university eligibility criteria. Some MBA colleges in Germany demand your GMAT score and make it mandatory, while others do not need it.
Will I get a job after my MBA in Germany?
Yes, you will get the following jobs after completing an MBA in Germany:
General Manager
Operations Manager
Business Development Manager
Marketing Manager
Business Analyst
Is IELTS required in Germany?
Although IELTS is not mandatory in Germany, as it is not an English-speaking country, it is required to prove your English proficiency for those programs that are taught in English.
Which is better for MBA: USA or Germany?
To decide between USA and Germany for pursuing an MBA involves comparing various factors like eligibility criteria, cost of living, tuition fee, course duration, average salary after graduation, language proficiency, and many more.
Which MBA field is best in Germany?
Here are a few lists of specializations that are in high demand in Germany:
Neha Uppal is a passionate content creator and editor. She carries 7.5+ years of experience working with leading edutech companies where she worked as a Faculty, Community Manager, and Content Marketeer. At upGrad, she is helping out people keep informed about the scopes and opportunities of studying abroad via informational articles/blogs.
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