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MBA in Germany – Fee, Cost, Eligibility, Top Colleges 2022

Written by  Piyush Bhartiya, MBA

Published on Fri, December 14, 2018 12:14 PM   Updated on Thu, April 14, 2022 12:04 PM   22 mins read
Source: Europe Guide

MBA in Germany is beneficial. This is because, Germany is considered to be the World’s 5th most popular destination for studying, and therefore, pursuing MBA in Germany will help students to strengthen their knowledge, skills, and their CV as well.

The country is also cheaper in terms of living and is cheaper than in many European countries. The country also provides many concessions and discounts to the students in terms of financial management. 

Colleges for MBA in Germany 

There are lots of popular Colleges present in Germany for MBA courses and moreover, Germany being the fifth most popular destination for academic purposes has a lot of popular universities as well. The most popular universities that are currently present in Germany are :

  • Munich Business School
  • Technical University of Munich
  • University of Cologne
  • European School of Management & Technology
  • Mannheim Business School

Check out : Mba Germany without gmat


Best Colleges for MBA in Germany

Germany is home to one of the best colleges internationally specifically for MBA Courses for the students and the most popular colleges that are currently present in Germany are

  • Frankfurt School of Finance and Management
  • European School of Management and Technology
  • European School of Business
  • University of Cologne

MBA in Germany cost 

While studying in Germany, students often pay accommodation fees of around 290 to 590 Euros a month and it is also seen that the accommodation fees go higher if students are wanting to stay in cities like Munich, Cologne, Hamburg or Frankfurt.

Moving forward, the Cost of Living basically depends on the students on what kind of a lifestyle they want to follow. However, most students are found to be paying around 150-300 euros for basic utilities which includes Mobile Charges, Internet fees as well and it is seen that the total expense of a student who is studying in Germany stays around 750-1800 euros a month. The language tests cost around $120 to $240.

Mba in Germany University

Many universities in Germany are best for MBA programs. Universities with world-class ranking and with full facilities have a high level of a reputation around the globe, which are present in the country. Among these universities, many of the universities do have a non-tuition fee policy.

Many universities also enrol students who have no prior work experience but still manages to graduate a student with full knowledge and confidence. Many of the universities have excellent graduation rate records. 

  • Many of the universities in Germany provide free tuition fees courses for MBA.
  • Universities have global tie-ups with many companies.
  • Universities enroll students who have no work experience
  • Students can get admission without having a GMAT certificate
  • Universities in Germany are comparatively cheaper than in other countries.

MBA in Germany for the Indian Students

MBA in Germany for Indian Students can be considered as a profitable aspect. This is because pursuing MBA from a mid-standard University in Germany is much preferred than pursuing MBA from a private university or institution in India. Doing their MBA from Universities in Germany will make the Indian Students much more inclined towards getting a job. 

Germany is a very particularly nice option for students who want to pursue their MBA. Germany is comparatively cheaper than the Business Schools of the United Kingdom, United States of America, Australia, or Canada. The country is also cheaper in terms of living and is cheaper than in many European countries. The country also provides many concessions and discounts to the students in terms of financial management. 

Reasons for the same :

  • Germany is cheaper than most of the other European countries.
  • Germany is cheaper than most of the countries in the world in terms of educational structure.
  • Many of the universities in Germany provide free MBA courses to National and International students around the globe.
  • The universities in Germany have global tie-ups with many companies.
  • Many universities in Germany enrol students without any work experience

MBA in Germany Fees

Germany is comparatively cheaper from many European countries and very much cheaper in terms of studies comparison to countries like Canada, Australia, the United Kingdom, the USA, etc.

Top UniversitiesAverage CostAverage Cost ( In Indian Rupees)
University of Mannheim Business School€ 49,500Rs.3,916,687
University of Cologne€ 29,130Rs.2,304,911
GISMA School of Business€ 17,400Rs.1,376,775
Technical University of Munich€ 32,000Rs.2,532,000
European School of Management and Technology€ 17,800Rs.1,408,425

There are free MBA courses also offers for interested students. Generally, the fees vary from 15K to 90K Euros in private institutions. For public universities, the students need only to pay 250 to 500 Euros each semester.

MBA in Germany Ranking

Germany has an ample number of universities which provide excellent facilities in terms of MBA programs. In terms of ranking private and public universities that have an excellent reputation across the world. These universities provide many top courses under the program with all strategic and theoretical support.

Some of the rankings for MBA universities in Germany are mentioned below :

University NameRanking
University of Mannheim1
Frankfurt School of Finance and Management2
WHU-Otto Beisheim School of Management3
University of Cologne4
Tum School Of Management5
Berlin School of Business and Economics6
European School of Management and Technology7
Goethe Business School8
EBS Business School9
Business School Pforzheim10
Leipzig Graduate School of Management11
Reutlingen University12
University of Munster13
University of Hamburg14
TU Dresden15
RWTH Aachen University16
University of Freiburg7
University of Bremen18
George-August University19
University of Passau20
Friedrich Alexander University21
University of Tubingen22
University of Kiel23
Karlsruhe Institute of Technology24
Technische Hochschule University25
GISMA Business School26
University of Regensburg27
Zeppelin University28
Hohenheim University29
WFI University30
University of Bonn31
University of Osnabruck32
University of Llmenau33
University of Greifswald34
University of Siegen35
University of Potsdam36
Witten University37
University of Mainz38
University of Halle39
Alanus University40
University of Augsburg41
University of Stuttgart42
Leuphana University43
University of Bamberg44
University of Bielefled45
University of Dusseldorf46
University of Erfurt47
University of Hanover48
University of Magdeburg49
University of Paderborn50

Top MBA Courses in Germany

Many universities in Germany are best for MBA programs. Universities with world-class ranking and with full facilities have a high level of a reputation around the globe, which are present in the country. Among these universities, many of the universities do have a non-tuition fee policy.

Many universities also enroll students who have no prior work experience but still manages to graduate a student with full knowledge and confidence. Many of the universities have excellent graduation rate records.

Some of the top courses of MBA in Germany are:

  • Finance and Accounting
  • Entrepreneurship
  • Marketing
  • Information Systems
  • Production and Operations Management

Admission fees for MBA in Germany

Admission Fees for students in Germany for MBA Courses of around 1 year to 1.5 years will be varying from $25,000 to $40,000. However, in Universities like Witten University and EU Business School in Germany, students will need to pay the admission fees of around $29,300 and $29,900 respectively. 

Tuition fees for MBA in Germany

Tuition Fees mainly vary among different universities and the same is found in the Universities located in Germany as well. In addition to this, the tuition fees for an MBA course of one year for the students in the Universities of Germany are around $25,000to $45,000. Moreover, in the European Business School, an MBA Course for students costs around $26,000, and for an MBA Course in Munich Business School, the tuition fees required for 1 year are around $35,800

Finally, the tuition fees of the MBA Courses in the Universities of Germany are as follows:

  • Technical University in Munich – $43,500
  • University of Cologne – $38,900
  • Mannheim Business School – $44,200
  • Frankfurt School of Finance and Management – $42,500

MBA in Germany Without Tuition Fees

Students who want to pursue their MBA from Germany must know one thing that all the Public Universities in Germany do not opt for any tuition fees. The universities only ask for administration fees as the academic year starts, but no tuition fees are needed in the public universities.

The private universities have their fee structure, where about 90% of the private universities have no such policies.

Some of the universities for MBA in Germany with no tuition fees are as follows:

  1. Technical University of Munich
  2. University of Bonn
  3. Albert-Ludwig University
  4. University of Stuttgart
  5. TU Dresden
  6. University of Tubingen
  7. RWTH University
  8. Free University of Berlin
  9. Technical University of Berlin
  10. Ludwig Maximilian University

Check out : ms in data science in Germany


MBA in Germany Eligibility

There are two types of universities in Germany i.e., Private and Public universities. Each university has their own set of rules and eligibility criteria for admission. There is no central body rulemaking facility in Germany for an MBA.

Thus each institute makes their own rules and criteria. Therefore there is no set of rules. Thus any student is fit to pursue MBA from Germany, but still, there is some generalized categorization under the eligibility criteria for MBA. Some are as follows:

  • Bachelor’s Degree from a recognized university which is equivalent to a German Bachelor’s Degree.
  • A Valid and Qualified score in GMAT or IELTS or TOEFL.
  • Minimum 60% in 10+2
  • Some Basics of Knowledge about Germany Language.
  • Work Experience is required however, many universities do not require work experience.

MBA in Germany requirements 

There are a handful of different documents that are required in order to ensure that the students are eligible to get admitted into an MBA Course in the different universities that are currently located in Germany. The different documents that are required are – 

  • A Valid Passport.
  • Completed Registration Form.
  • Proof of higher secondary entrance exam qualification.
  • Notice of Admission

Scholarship for MBA in Germany 

Germany is the fifth most popular destination for academic purposes currently offers a handful of different scholarships to the students who are worthy enough to get such a type of financial assistance. Currently, Germany provides many scholarships to the students who are pursuing MBA from the Universities in the country. The different scholarships are –

  • ESMT Americas Scholarship MBA
  • Women in Business Scholarship
  • ESMT Berlin – Central and Eastern Europe Scholarships in Germany
  • ESMT Berlin – Middle East and African Scholarships in Germany

MBA in Germany in English

Many international students in Germany want to pursue their MBA. Most of the students are not able to teach or learn the native language of the country. Thus many require to pursue and learn the courses in the common language i.e., English. There are many Universities and Business Schools which offer free courses in English for international students. 

  • Universities take TOEFL, IELTS, GRE, GMAT certificates before admission.
  • Many of the universities offer free English MBA Courses for students.
  • Students who do not have work experience but have a good command over the English language also get admission.
  • There are more than 50 institutes in Germany that provide MBA in English.
  • Public and Private, both types of universities support the English language based course structure.

Free MBA in Germany

Germany is comparatively cheaper than many European countries, but many state-funded universities in Germany do offer free MBA courses to their students.

The Business Schools offer Tuition-Free MBA programs. Mostly the Public Universities which are present in the country offer free MBA courses, but there are many exceptions. But some of the public universities charge tuition fees only from non-EU-EEA students.

Some of the free MBA providing universities are:

  1. University of Mannheim Business School
  2. University of Cologne
  3. Technical University of Munich
  4. Ludwig Maximilian University Munich
  5. RWTH Aachen University

MBA From Germany In English For Free

 Many international students in Germany want to pursue their MBA for free. Most of the students are not able to teach or learn the native language of the country; thus, many require to pursue and learn the courses in the common language i.e., English.

There are many Universities and Business Schools which offer free courses in English for international students.

Universities for MBA from Germany in English for free are :

  1. Berlin School of Business and Innovation
  2. GISMA Business School
  3. ESMT Berlin
  4. HHL Leipzig
  5. EBS
  6. Munich Business School

Free MBA In Germany For International Students

Yes, there are institutions in Germany that provide free MBA courses for international students. Students only need to bear the accommodation and the food expenses, but the tuition fees in the majority of the institutions are free.

Students also need to submit administrative fees at the starting of the academic year. Almost all public universities have no tuition fees policy for all students, including international students, whereas, in private universities, free tuition fees policy is only for EU-EEA students. 

  • Majority of the public universities offer free tuition fees for international students.
  • Private universities only offer free tuition fees to only EU-EEA students.
  • Students only need to pay for food and accommodation expenses.
  • Students every year need to pay only the administrative fees.
  • Administrative fees need to be paid at the starting of the academic year.

Free MBA in Germany for Indian Students

Indian Students are also counted under the category of International students. Thus public universities offer free tuition fees courses for the Indian students as well. Students only need to pay for the accommodation and the food expense.

At the starting of each academic year, students need to pay the administration fees. Other than these expenses, the main tuition fee cost is free for Indian students as well in Germany.

  • Students need to pay for food and accommodation expenses.
  • At the starting of the academic year, students need to pay the administration fees.
  • Indian Students won’t get free tuition fees facility in private universities.
  • Private universities only have free tuition policy for EU-EAA students.
  • Majority of the public universities have free tuition policy for Indian students.

MBA in Germany Without GMAT

If students are willing to study MBA in Germany then they will face a situation where they will get fewer options of universities available for them. Universities like the Technical University of Munich, the Berlin School of Economics, and finally the Cologne Business School accept students to do their MBA Courses without any GMAT Scores. However, a minimum of three years of work experience is required for the students who are intending to pursue their MBA Course at the Technical University of Munich and Berlin School of Economics and no such work experience is required by students to study MBA at Cologne Business School.

It is a three and a half hour exam which is valid for almost five years. Many universities in Germany don’t require a GMAT certificate. 

Advantages:

  1. Students can apply for TOEFL exam
  2. Less preparation
  3. Time-saving
  4. Economical
  5. GMAT is comparatively tougher to TOEFL; thus, chances for selection through TOEFL would be much more than GMAT.

Colleges providing MBA without GMAT are as follows:

  1. Technical University of Munich
  2. University of Tubingen
  3. Berlin School of Economics and Law
  4. Cologne Business School
  5. University of Kiel

MBA in Germany Without Work Experience

It is very much possible for students to do their pursue MBA Courses from the various universities located in Germany. No such work experience is required for the students to study MBA in the universities of Germany. Universities like the Technical University of Munich, University of Stuttgart, Dresden University of Technology, University of Bremen, and some few other universities openly accept students to do MBA without any work experience. Hence, it can be concluded that MBA without work experience is very much possible for the students who are wanting to do their MBAs from Germany. 

Many universities in Germany don’t require any kind of work experience from any student before admission.

Some universities have their own set of rules and eligibility, and thus very rare institutions ask for work experience. But the majority of the universities in Germany do not ask for any kind of prior work experience. Other than this, eligibility criteria, all other criteria should be fulfilled.

Advantages:

  • Increase in admission rate
  • More opportunities
  • Save time
  • Early Start
  • Growing business knowledge and experience

Colleges providing MBA without work experience are as follows:

  1. Technical University of Munich
  2. University of Kiel
  3. Ludwig Maximilian University Munich
  4. University of Tubingen
  5. University of Ulm

One year MBA in Germany

Usually, the Masters in Business Administration course is a two years course with a full specialized topic in Business, Management, Finance, and Accounting.

But many of the reputed institutions have special one-year courses for MBA. In Germany, some institutions provide a year course with full experience and knowledge about everything, but in the 1-year course, the program structure, number of lectures, etc. increases in a day and the institute can complete their course in a time of 1 year.

Some of the Universities providing one year MBA course are as follows:

  1. ESMT Berlin
  2. ESCP Europe Business School
  3. GISMA School of Business
  4. Manheim Business School
  5. Frankfurt School of Business

MBA in Germany Cost In Indian Rupees

Most of the expenses under the currency of India are covered under INR 25,000 if the university does have a free tuition policy. If the university does not have a free tuition policy, then the cost can vary from each university. The cost can go up from 15 Lakhs to 90 Lakhs at the most.

Most of the private universities have such a high amount of fee structure. Still, Germany is comparatively cheaper than most European countries and even from the other countries in the world, for example, the USA, UK, Australia, etc.

Executive MBA in Germany

Executive MBA is another similar academic course for the students and this course is a highly related practice program which is all about the General Management MBA Course. Executive MBA mainly has its focus on management by proof, development of leadership skills, and technology and innovation management as well. In addition to this, it can be understood that an Executive MBA helps students to solidify their management skills

Many reputed institutions in Germany support the executive MBA program. Many private, as well as public universities, have an Executive MBA in their program structure under MBA.

  • Type of MBA for professionals and entrepreneurs.
  • Promotes leadership, innovation, management, research.
  • It is supported by public and private both types of universities in Germany.
  • Core topic under Executive MBA can be Corporate Finance, Strategic Management, Managerial Economics, Communication and negotiation skills etc.
  • Advanced Functional Topics can be Macro-Economics, Advanced Marketing, Leadership, Global Supply Chain Management, etc.

Some of the top universities for Executive MBA are as follows:

  1. Durham University Business School
  2. European School of Management and Technology
  3. IESE Business School
  4. Mannheim Business School
  5. Rotterdam School of Management
  6. WHU-Otto Beisheim School of Management
  7. EBS Business School
  8. ESCP Europe
  9. Frankfurt School of Finance and Management
  10. Technical University of Munich

One year Executive MBA in Germany

Universities in Germany provide an Executive MBA program as well as a 1 year MBA degree program as well. Many universities in Germany provide an Executive program in just one year with a theoretical and practical knowledge guide. Students can try for one year executive MBA program, which helps you learn about innovation, skills, knowledge, experience, etc. The course details remain the same as of the Executive program; the program structures changes.

  • Students can get information about strategic marketing, accounting, finance, economics, public policies, etc.
  • The program helps in the promotion of innovation, knowledge, skills, and experience.
  • It is a one year course.
  • The course detail remains the same; the program structure changes.

Universities Providing one year Executive MBA in Germany

  • Arden University
  • GISMA University
  • Cologne University
  • University of Kiel
  • EBS Business School
  • Free University of Berlin
  • Munich School of Business
  • University of Hannover
  • Durham University of Business School
  • European School of Management and Technology

MBA in Germany Daad

Daad Stands for Deutscher Akademischer Austauschdienst German Academic Exchange Service, and it is the largest German Support Service organization in the field of academic co-operation. It was founded in 1925 and has a staff of 843 people currently.

Under the Daad program, the MBA course is of a two year course with fee structure starting from €19,500. Some of its features are:

  1. Help in applying for scholarships to the students.
  2. Helps in placements and internships after MBA.
  3. It helps in financing and accounting.
  4. Promotes innovation and knowledge.
  5. Has their network all over the world.
  6. Has more than 10,000 students under their network
  7. Has a staff of 843 people.
  8. It was established in 1925.
  9. The fee structure for MBA courses under DAAD starts from €19,500. 
  10. Helps in Ph.D. studies and research work also.

How to get admission?

  • Students need to fill the online form of Daad present on their website.
  • Students will fill their preference for their Right University, The Right Degree Program, and The Requirements.
  • Higher Education Certificates will be needed.
  • A passport photo
  • Copy of the student’s passport
  • Copies of a language certificate
  • After filling all the documents and requirements, students need to wait, and the service will automatically revert back

Part-Time MBA in Germany

There are many universities that provide part-time MBA facilities for the students. Classes for these students are either held in the evenings or on weekends. Some of the students who pursue part-time MBA, already work for any company or either they study for some other course and pursue their MBA as a part-time opportunity. Many of the universities support these kinds of lectures and students.

  • It helps inflexible career goals.
  • It helps in more opportunities.
  • It helps in enhancing innovative skills and knowledge.
  • Part-time classes are conducted in the evenings or either on weekends.
  • Approximately 22% of students opt for a part-time MBA in Germany.

Top 10 Part-Time MBA Universities:

  • Mannheim Business School
  • WHO-Otto Beisheim School of Management
  • Berlin School of Economics and Law
  • Frankfurt School of Finance and Management
  • Goethe Business School
  • HHL Leipzig Business School
  • Maastricht School of Management
  • Pforzheim University
  • Hochschule Furtwangen University
  • Professional School of Business and Technology

Cheapest MBA in Germany

Germany is comparatively cheaper than in many European countries. Germany is cheaper in the field of education than many countries across the world, for example, the UK, the USA, Australia, Canada, New Zealand, etc. Students thus from all over the world prefer going to Germany for better education at cheaper rates. Many of the institutions in Germany give free MBA courses to students, and thus, the country is famous for MBA Programs.

  • One of the cheapest countries in Europe.
  • Cheaper than many other countries across the globe in terms of education.
  • Famous for free MBA courses.
  • About 37% of international students prefer Germany for MBA courses.
  • Living and Food expenses are also comparatively cheaper than in many countries.

Top 10 Cheapest MBA universities in Germany:

  • Technical University of Munich
  • University of Kiel
  • Ludwig Maximillian University Munich
  • University of Tubingen
  • University of Ulm
  • University of Stuttgart
  • RWTH Aachen University
  • Dresden University of technology
  • Johannes Gutenberg University
  • University of Bremen

MBA Jobs in Germany Freshers

There is an ample number of job opportunities after completing MBA from Germany. As stated above, Germany has tie-ups with many companies across the globe. After MBA, the chances of getting a job increase, and all the universities across the country help the students in getting secured high-level placements or internship programs. Many of the students apply in the IT and Engineering branches too, as for new terms and career choice.

  • 89% of the students get secured jobs after completing their MBA from Germany.
  • Germany has about 65% of global tie-ups with many companies.
  • Many IT companies have their headquarters in Germany; they recruit about 22% of MBA graduates from Germany for their country.
  • After completing graduation from Germany, students have an ample number of opportunities.
  • Students after MBA from Germany can find career opportunities not only in the field of Business but do have a lot of potential in many other fields.

Top Company Placements:

  • DHL Group
  • BOSCH
  • BMW Group
  • Uniper
  • Siemens

MBA in Germany vs Other countries

MBA in Germany vs the USA 

Germany and the United States have various popular universities that offer MBA courses for students. However, the only difference between the two countries in the context of their MBA courses is that the MBA course in Germany is for one year and on the other hand, MBA Course in the USA is for two years. The difference in costs of MBA courses between Germany and the USA are –

University and Cost in GermanyUniversity and Cost in the USA
MBA at European School of Management & Technology is $26,300MBA at Stanford GSB costs $147,500
MBA at HHL Leipzig Graduate School of Management costs $42,500MBA at Harvard Business School costs $146,800
MBA at European Business School costs around $26,500MBA at Washington University costs around $126,000
MBA at Munich Business School costs around $35,500MBA at University of Texas at Austin costs $111,400

MBA in Germany vs Canada 

Canada and Germany are considered to be the most popular destinations among students for pursuing their MBA Courses in order to strengthen their careers. However, the only difference in MBA Courses between Canada and Germany is that MBA in Canada takes two years and MBA in Germany takes one year. The other differences in cost of MBA between the two countries are –

University and Cost in GermanyUniversity and Cost in the USA
MBA at European School of Management & Technology is $26,300MBA at UToronto costs $44,500
MBA at HHL Leipzig Graduate School of Management costs $42,500MBA at McGill University costs $$35,000
MBA at European Business School costs around $26,500MBA at Queen’s University costs $71,200
MBA at Munich Business School costs around $35,500MBA at York University costs $39,000

FAQS

How is MBA in Germany?

Ans: MBA in Germany is better for students than pursuing MBA in a private institution in India or a similar country

What is the Scope of an MBA in Germany?

Ans: There are lots of scopes available for MBA in Germany as students can pursue top paying specializations for MBA Jobs which are like the MBA in Management, MBA in HR, and many more.

How much does it cost to study MBA in Germany?

Ans: Pursuing MBA in Germany costs around $25,000-$45,000 for a student exclusive of accommodation and living costs.

Is GMAT required for MBA in Germany?

Ans: GMAT Scores basically vary and this is because some universities require GMAT Scores for student admission and some Universities in Germany do not. 

What are the eligibility criteria for an MBA in Germany?

Ans: Having basic knowledge about German Knowledge, a Bachelor’s Degree equivalent to a German Bachelor’s Degree, and valid GMAT or IELTS or TOEFL score is required. 

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About the Author & Expert

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Piyush Bhartiya

Author • MBA • 20 Years

Piyush values education and has studied from the top institutes of IIT Roorkee, IIM Bangalore, KTH Sweden and Tsinghua University in China. Post completing his MBA, he has worked with the world's # 1 consulting firm, The Boston Consulting Group and focused on building sales and marketing verticals for top MNCs and Indian business houses.

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