Source: Europe Guide
Germany is considered as the seat of opportunities and ideas by many people across the globe. A great hub for innovation, research, and technology, Germany is one of the most preferred nations for international students willing to pursue MBA from abroad. Germany is known for taking its education system with the utmost seriousness and attracts knowledge-seekers from all walks of life.
Not just that, the country is also revered for its top-notch facilities, high-class infrastructure and moreover, no tuition fees! All the students with a dream of pursuing a Masters in Business Administration are well-aware that most of the publicly-funded universities of Germany levy zero tuition fees. However, students still need to pay the administration fee during the beginning of every academic year.
List of German universities that offer MBA programmes to international students
- Frankfurt School of Finance and Management
- EU Business School
- GISMA Business School
- Cologne Business School
- SRH Hochschule Berlin
- Munich Business School
- Technical University of Munich
- University of Bayreuth
- Ludwig Maximillians University
- Esslingen University of Applied Sciences
- Free University of Berlin
- University of Mannheim
- Johannes Gutenberg University
- Reutlingen University
- Offenburg University of Applied Sciences
- EBS University of Business and Law
- Kuhne Logistics University
- University of Augsburg
- Schiller International University
- SRH Hotel-Akademie
List of Popular MBA Programs in Germany
|Top Universities||Course||Eligibility||Fee Structure||Total Duration|
|University of Mannheim||Master in Management||GMAT, GRE, IELTS||Rs. 3.4 Lakhs for First Year||2 Years|
|Leipzig University||Master of Science in Business Administration||IELTS||Rs. 50.3 Thousand for First Year||2 Years|
|Witten/Herdecke University||Management (M.A.)||IELTS, TOEFL||Rs. 22.3 Thousand for First Year||1-2 Years|
|EU Business School (Germany)||Master of Business Administration (MBA)||GMAT, GRE||Rs. 22.4 Lakhs Lakhs for First Year||1 Year|
|Munich Business School||MBA International Management||GMAT, GRE, IELTS, TOEFL||Rs. 15.6 Lakhs for First Year||15 Months|
|Frankfurt School of Finance & Management||Master of Business Administration||GMAT, GRE, IELTS, TOEFL||Rs. 35.2 Lakhs for First Year||12 Months|
|Technical University of Munich||Executive MBA in Innovation and Business Creation||IELTS, TOEFL||Rs. 25.7 Lakhs for First Year||2 Years|
|MBA International Business Consulting||IELTS, TOEFL||Rs. 6.9 Lakhs for First Year||15 Months|
|Reutlingen University||MBA International Management||IELTS, TOEFL, PTE||Rs. 8.0 Lakhs for First Year||1 Year|
|EBS University of Business and Law||Master in Management||GMAT, GRE, IELTS, TOEFL||Rs. 13.1 Lakhs for First Year||20-24 Months|
Why pursue MBA from Germany?
When it comes to being a top-class business education destination, Germany provides an array of MBA opportunities as well as sustainable prospects for a career. All those professionals who are dreaming to become aspiring managers always prefer Germany over other countries for pursuing their MBAs. This is because the country offers affordable courses, high-quality education as well as robust economic conditions.
Moreover, students who want to pursue their MBA courses from Germany also get the advantage of choosing from a never-ending list of schools and programmes. There are hundreds of courses for MBA offered in Germany by all sorts of institutes of high education such as business schools, technical colleges, art schools and universities of technology. The universities are either state-funded or private and that doesn’t affect the quality of education at all.
What are the intakes for MBA in Germany?
The universities of Germany offer dual-intakes for one whole calendar year which means, the intakes are in the months of January and September. But you need to keep in mind that there are very limited and fewer admissions that take place for the session of January. The students who choose Germany as their destination for MBA can either go for the usual MBA degree that emphasizes on general management or can choose for a specialized MBA Programme which would be an unconventional choice. These specialized programmes go on expanding to the niche industry like consulting, logistics, healthcare management, and so on.
What are the modes of pursuing MBA in Germany?
All the students willing to pursue MBA in Germany can opt for various ways in which they can get the degree. Candidates can go for the full-time study programme of MBA that takes approximately 12 to 24 months for complete, depending on the chosen programme, university, and state. Applicants can also choose the half-time study programme for their MBA. In this, the students would get employed with any organization and are needed to study during the evening hours or in the weekends. Due to the limited study-time, the course duration for the same would be much longer.
All those who wish to work during their MBA programme can also choose the Executive MBA model wherein the candidates sign the agreement with their respective employers and the latter would also finance them. Such kinds of programmes are shaped for the Executive Managers are they have a very tight structure. There is another way to pursue MBA and that is via the Distancing Learning Programme. In this, candidates are needed to continue their course and study from their homes.
What is the Cost of MBA in Germany?
Getting educated in Germany is comparatively cheaper than the rest of the countries in Europe. Mostly, the state-funded universities provide higher education programmes which are free of charge. However, some highly-specialized courses may ask for tuition fee. The amazing fact that youngsters can opt for the programme of their choice from a humongous pool of options is what fixates Germany’s position on the education map of the globe.
Education is taken as a very serious matter in Germany. The institutes have each and everything calculated and analyzed to the last penny. Every year, as per the current economic conditions and the relevant fee structure, all the universities request for the provision of a monthly sum for the facilitation of the student’s living expenses as well as for the completion of his education. This money gets deposited in Blocked Account. The Blocked Account generally differs from one state to another and is ranged at €685 – €750, per month, which is approximately 62,037 Indian Rupees. This roughly amounts to €8,640 (or 7, 14,676 Indian rupees) for the whole academic session. It includes living expenses, accommodation as well as the costs of travel pass.
After the students arrive in Germany, they are needed to open their Student Loan Account in a local bank. This is where they have to deposit the money for the Blocked Account for the whole academic year. They are permitted to withdraw their sanctioned monthly account every month for bearing their monthly expenses. This is a compulsory practice which is applicable for all the international students willing to pursue their higher education in Germany.
Living in Germany can roughly cost you €700 – €1000 (82,737 Indian Rupees) every month. There is a countless number of scholarship programmes that are available to ease the financial tensions of the students while they pursue their higher education in the country.
What are the Scholarships and other financial aid available for MBA in Germany?
For making the student life even easier and affordable, Germany provides great financial support to international students. These students also get the golden opportunity to get into part-time jobs for easing their living expenditures even further. International students are allowed to work for twenty hours per week. The option for part-time jobs not only helps to reduce the financial burden of the students but also let them acquire work experience and exposure in the fields that interest them. Most universities help the international students with several scholarships. The details and lists of all the scholarships are given in the official websites of the respective universities. Don’t skip on checking that.
What is the Eligibility for MBA in Germany?
The universities in Germany are usually funded by the state but are not necessarily regulated by it. To put it simply, the eligibility criterions as well as the cut off are decided independently by the universities of Germany. Therefore, there is always the possibility that every university will have some of its own unique and different eligibility criteria. Hence, it is highly recommended that the aspirants check and confirm with the university’s officials regarding the eligibility criteria of the specific programmed.
Bachelor’s Degree and Work Experience
Speaking from a broader perspective, students who wish to enroll themselves in the MBA programmes of Germany ought to have completed their German equivalent of the bachelor’s degree in relevant streams. This just means that the applicants are required to possess a four-year bachelor’s degree or a three-year degree along with a one-year master’s degree in Business Administration for applying for any of the MBA programmes in a German University.
Some of these universities also accept a three-year degree if you have the relevant work experience. The students must always consult directly to the international admissions’ office of the respective universities to attain the up-to-date and authentic information.
Besides the basic requirements, universities may also want the students to have achieved a certain level score in TOEFL/IELTS/GRE/GMAT examinations as well as have basic knowledge of the German language. In case of the courses which are taught in German, the students are required to have a high-level of knowledge of the language. For this, the candidates might also appear for DSH, DAF or other such language proficiency tests.
Candidates might also have to sit for an entrance examination during their admissions. Again, all these vary from university to university and the best thing you can do is check with the officials of the Universities to get all your doubts cleared.
What to do after MBA in Germany?
After the students have finished the total duration of their course, they can either look out for a job which will be corresponding to their realm of qualification or they might apply for an 18-month Residence Permit. In these eighteen months, the students can get into any type of occupation for supporting themselves and funding their job hunt.
PR and EU Blue Card
Students are also made aware of the fact that the probability of getting a residence permit for working in Germany is totally dependent on their educational qualification and the field of work. Very recently, Germany has also come up with the EU Blue Card. This card is for the citizens who belong to the non-EU-states and serve as evidence to their legal stay in Germany for job purposes. The applicant must have a college or university degree as well as provide proof of a signed work contract with a company of Germany which would pay a fixed salary for qualifying for EU Blue Card.
Germany brags of being the most stable and the largest economy of Europe and the fourth in the entire world, as per the World Bank report. The country is a sanctuary for higher education, especially when it comes to Business Administration. If we scroll through the pages of history, great minds like Albert Einstein and Karl Marx where also from Germany. And as the country is on its journey towards immense developments, it can be said without any doubt that Germany is the perfect place to pursue the Masters- especially if you have a keen interest in research.
There has always been an ever increasing demand for MBA qualified graduates for the intricate module of MBA courses. The perfect match of talent and right skills makes the MBA professionals one of the well-paid professionals of the corporate sector. Consulting and Logistics, Healthcare, Finance, Education and Information Technology are the major sectors that would need professionals with MBA degrees in the coming future. Germany with its amazing infrastructure and the rising need for the professionals of Business Management will never cease to be the hotspot for MBA specialists.