Study MBA in Germany

Getting an MBA in Germany will take you from 12 to 24 months, and some courses may last 15 to 20 months. MBA programs in Germany are available full-time, part-time and through online classes. Germany is becoming a hub for MBA students due to its low cost or no tuition fee education found in many public universities.

To get into the MBA programs of these universities, you will need exceptional scores in your bachelor’s degree and good marks in TOEFL/IELTS and GMAT scores. Any student wanting to enrol on an MBA program in Germany should keep in mind the following points:

  1. The annual cost of an MBA in Germany starts from 17,700 USD and goes up to 44,000 USD.
  2. You need a minimum GMAT score of 550.
  3. The minimum work experience required in universities is one year which can be up to 2 to 3 years in some universities.
  4. The average living cost in Germany is quite reasonable, and you would require an average of 880 USD per month to live in Germany.

Why Study MBA in Germany:

Education in Germany is cheaper than in other countries of Europe, and an MBA degree can be pursued in different modes. An MBA degree is becoming a popular study destination alongside countries like the USA, UK, Australia and Canada. Germany has the 4th largest economy in the world and the largest in Europe.

 

Germany also has an abundance of employment opportunities, and according to the International Student Statistics, 69.2% of international students prefer to stay in Europe after getting their degree.

  • According to the European Business School Rankings, eight German business schools rank in the top 100 for their full-MBA program across Europe.
  • The Association of German Chambers of Commerce and Industry, Germany, requires 1.5 million skilled workers.
  • Eight German business schools are present in the Global MBA Ranking. Four of these business schools rank in the top 100 business schools of the world.
  • An MBA degree costs much less than other countries due to the low tuition fees found in higher education.
  • The executive MBA degree is the highest paying degree for graduates of German universities.

Best MBA Programs in Germany

  1. Mannheim Business School: The Mannheim Business School was established in 2005 and holds Triple Crown Accreditation from AACSB International, EQUIS and AMBA, held by the top 1% of business schools globally.

Mannheim Business School has been ranked #1 in the top business schools present in Germany consistently. Its MBA program is of 1-year duration. It provides four types of international MBA courses, which include:

  • Mannheim Master of Business Administration( part-time and full-time)
  • Executive MBA
  • Weekend and Modular Executive MBA
  • Mannheim and Tongji Executive MBA

Basic Admission Requirements:

  • An internationally recognised degree in any subject.
  • A minimum of B+ grade in the previous degree.
  • A GMAT score of 600 is minimum.
  • Proof of English language proficiency ( minimum IELTS score of 7.0 and minimum TOEFL score of 95), some programs may require proof of German language proficiency.
  • A minimum of 3 years post-graduate work.
  • Letter of Motivation of 500 words and qualification from the interview.
  • A German student visa.

The tuition fees for an MBA program is 39,500 Euros.

 

  1. ESMT Berlin: ESMT Berlin is a state-credited private school with the Triple-Crown accreditation only awarded to three business schools across Germany. It has an acceptance rate of 25% and is offers four MBA programs, namely:
  • Full-time MBA
  • Part-time MBA
  • Executive MBA
  • Masters in Management

Basic Admission Requirements:

  • Academic and Professional Background with CV
  • English Proficiency scores. A minimum score of 95 in TOEFL, 64 in PTE and 7 in IELTS.
  • Two recommendations and one essay.
  • An uploaded video of 3 minutes on the essay.
  • An interview either in-person or through video call.
  • Average GMAT score of 640.

Tuition Fees:

  • A two-year Part-time MBA has a tuition fee of 38000 euros.
  • The MBA program has tuition and other fees of 44000 euros.
  • A Master’s in Management program costs 29,500 euros.
  1. Frankfurt School of Finance and Management: Frankfurt School of Finance and Management is a non-profit private institution that is one of the three business schools of Germany with a Triple Crown Accreditation.

It has an acceptance rate of 40% and is one of the most selective universities in Germany. Students passing the MBA program from this school often land higher-paying jobs with an average salary of 70000 euros.

The MBA programs offered include a full-time MBA program, a part-time MBA program and an executive MBA program.

Basic Admission Requirements:

  • A recognised secondary school diploma.
  • An optional letter of motivation.
  • A letter of recommendation.
  • GMAT/GRE score.
  • Work experience for some specific courses.

The tuition fees for attending the MBA program in the Frankfurt School of Finance and Management is 38,000 euros.

Can You Get an MBA Degree in Germany for Free:

 

Any student pursuing an MBA degree should know that most public universities in Germany levy no tuition fees. However, you may need to pay the enrollment fees, which costs 250-500 euros.

Germans, Europeans and Non-European students can pursue higher studies in Germany for free if they have a residential status. Two universities which offer free MBA degree are Nurtigen-Geislingen University and TU Bergakademie Freiberg

Career and Salary Post-MBA

The salaries given to MBA holders are pretty high in Germany, and on average, an MBA holder in Germany is approx 69,064 euros. The demand for MBA holders is high in Germany, and you can work in various fields.

Conclusion:

Pursuing an MBA in Germany has become popular among students worldwide. The low cost of living and low or no tuition fees found in German universities help students with inadequate financial resources pursue a globally recognised degree. An MBA from the top universities will go a long way in providing your profile with an uplift.

The employment sector of Germany is needy of more workforce, and the demand for MBA holders in jobs is always high. The right combination of skills and talent may easily land you a six-figure income with an MBA degree in Germany. The business schools found across Germany come under the best business schools of the entire world.

You should go through all the legal requirements since Germany has recently announced an EU Blue Card, which will give Non-Europeans legal living status in Germany. You should also see the living arrangements present around the university.

Pursuing an MBA in Germany is beneficial, and if you get a chance to enrol in a top German business school, you should take it.

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