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MBA in Germany – Top colleges and universities, fees, and salary 2021-2022

MBA in Germany can last between 12 and 24 months. Some business schools make an exemption lasting 15, 18, or 20 months. For example, the ESCP – Berlin Campus offers an Executive and International management MBA program for 18 and 10 months, respectively.  Similarly, Cologne Business School offers MBA in International Management for One year and two years.

Known as the world’s fourth-strongest economy and leader in the automotive and electrical industry, Germany is slowly picking up momentum as a sought-after study destination for MBA aspirants.

Apart from the breathtaking landscapes and the proximity to other European countries, an MBA in Germany can offer you lucrative career opportunities. Moreover, Germany’s work-life balance is more favorable than the USA or UK.  Only 4% of employees in Germany work long hours compared to 12% in the UK and 11% in the USA. 

But, is work-life balance the only reason we see more international students pursuing MBA in Germany? Well, it’s not! 

MBA in Germany 2021-2022

This article looks at why you should pursue an MBA in Germany, the student and work visa requirements, top business schools/universities in Germany, and much more.

MBA in Germany 2021-2022

Here is a brief overview of what to expect if you plan to study MBA in Germany:

Duration12-24 months
Popular MBA programsFull-time, part-time, and executive MBA. Some colleges also offer distance learning programs
Average Tuition Fees€30,000 to €50,000 for full-time MBA courses. For executive MBA courses fees can be around €90,000
Top MBA programs in GermanySome of the top MBA programs in Germany are ESMT berlin, Frankfurt School of Finance and management, Mannheim Business school, Otto Beisheim Graduate school of Management, and many more
EligibilityYou would require an undergraduate degree from a recognized institution, GRE/GMAT scores, and Proof of Language proficiency (English or German)
Minimum GMAT/GRE scoreGMAT 550+ or equivalent GRE
Minimum work experienceThe minimum work experience required for an MBA in Germany is one year. However, there are colleges that require at least 2 or 3 years of work ex
Average Salary offered (Top 6 MBA colleges) €70,000 approx.
MBA in Germany jobsSoftware Developers, programmer, and architects Health Nurse Sales Partner and Sales Representative Sales Manager and Product manager Personal administrator: HR Manager
Cost of LivingWhen compared to other European countries, the cost of living in Germany is quite reasonable. You will need approx. €853 a month to cover your living expenses in Germany as of 2020. The overall cost of living depends on two factors: Where you are settled in and What type of lifestyle you have

Why MBA in Germany?

An MBA in Germany is becoming a popular study destination alongside Canada, Australia, the UK, and the US.

According to the World Bank, Germany is the 4th largest economy globally and the largest in Europe. It has countless job opportunities after graduation, and as per International Student Statistics 2020, around 69.2% of international students would prefer to remain in Germany and find a job. Moreover, since 2010 the international student community has grown by 53%.

Apart from the booming economy, Germany has affordable MBA fees, a low cost of living compared to other European countries, and favorable post-MBA visa conditions.

Check out the post-MBA work visa and immigration in Germany.

Here are the top 5 reasons to pursue MBA in Germany:

  1. Shorter duration of an MBA program
  2. Smaller Class size and Moderate entry requirements
  3. Low cost of MBA
  4. Post-MBA employment opportunity
  5. Ease of getting a work visa
Why study MBA in Germany

Shorter duration of an MBA program

Compared to other top business schools globally, the German business schools offer a shorter MBA program, generally for a year. For instance, a full-time MBA program at Harvard, Stanford, or Kellogg is for two years compared to ESMT Berlin or Mannheim business schools, which offer a one-year program. 

In fact, most European business schools offer a shorter duration of MBA programs than American business schools. So, depending upon your career goals, you can decide whether you want to pursue a one- or two-year MBA. 

Know how to choose between a one-year and a two-year MBA program.

Smaller Class size and Moderate entry requirements

The smaller class size is one major differential factor that sets German universities apart from the top US or Canadian universities.

How is it beneficial for you? 

Smaller class size in the MBA helps form a close-knit community where you get the opportunity to interact with your classmates more closely. Moreover, the faculty can pay better attention to your individual development needs.

GMAT Score requirement in Germany

While most B-Schools worldwide require a GMAT score, a few B-schools such as the TU Munich, Berlin School of Economics and Law, and Ludwig Maximillian University Munich, among several others, give more weightage to professional experience and do not require a GMAT score. 

However, if we look at the top 5 MBA colleges in Germany, a GMAT score is required to get admission. The average GMAT score required to pursue an MBA in Germany is between 550 to 600, but a 600+ GMAT score can significantly increase your admission and scholarship chances. So, aim at scoring high on the GMAT.

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Low cost of MBA

On average, the tuition fee for a full-time MBA course in Germany ranges from $40,000 to $70,000, whereas in the USA, it can go above $100,000. If we compare the top 5 business schools in other countries, MBA tuition fee in Canada and UK is 1x, and in the USA, it is 2x more than in Germany. 

Moreover, the cost of living in Germany is relatively low compared to other top MBA destinations. 

Country  Cost of living Index  Rent Index  Cost of living plus Rent Index  
Australia  80.75 38.67 61.28  
France  77.59 27.07 54.22 
New Zealand  76.31  35.79 57.56 
Canada  71.45  35.06 54.62  
UK  70.64 33.03 53.24  
United States  70.55 42.56 57.60 
Germany  67.85 29.61 50.16  

MBA Scholarships in Germany

An MBA degree is often the biggest financial burden for international students, irrespective of the chosen MBA destination. But you can make it pocket-friendly by availing of scholarships.

Germany is ranked among the top countries where you can easily get scholarships. Thousands of scholarships are granted by the government and German MBA universities every year.  DAAD, the largest scholarship organization, offers a variety of scholarships to international students.

Moreover, business schools in Germany like WHU Otto, Mannheim Business school, Leipzig Graduate School of Management, and Frankfurt School of Finance and Management offer scholarships to talented students.

Read our article where we share five ingredients to get a scholarship from top B-schools, based on the learnings of e-GMATers who have secured more than $200M in scholarship.

Post-MBA salary and employment opportunity

Germany is known to be driven by technology and innovation. Being an MBA student in Germany, you get exposed to many networking opportunities provided by a country that is home to businesses including BMW, Siemens, Mercedes-Benz, Deutsche Bank, and Bosch. Moreover, Germany boasts one of the lowest and most stable unemployment rates in the world. 

While most of the top business schools globally have a high percentage of students going into Consulting, German business schools see a more diverse range of job roles for MBAs in industries like Manufacturing, Technology, e-commerce, pharma, energy, and financial services. 

Germany is also ranked amongst the top countries for MBA salaries. With a bonus of around $16,000, you can expect a total remuneration of $94,000 annually. 

Career Opportunities

One of the primary motivations for international students to pursue an MBA in Germany is getting access to working in other EU countries, offering them more job opportunities. 

Please note that to increase your chances of getting an offer from a German employer, you need to get acquainted with the German language. 

You can take up German language classes while pursuing your MBA, which can take anywhere between 7- 9 months to reach the B1 (intermediate) level. Besides, the German language is among the world’s most spoken languages. Many German businesses are relocating and expanding their network internationally. If you get a good grasp on it, you can access a deeper pool of jobs and career opportunities. 

Ease of getting a work visa

Germany is the second easiest country to get a work visa post your graduation. Post-MBA in Germany, you get additional 18 months to find employment. Once you find a job, you are eligible for an EU blue card. 

The EU blue card offers a residence and work permit to non-EU citizens who have professional experience and an employment contract in the country, with a minimum salary of approx. $67,000 per year. The EU blue card is granted for up to four years, and here are the benefits of it:

  • Free movement in the Schengen area
  • Permanent residence perspective
  • Freedom of association
  • Working and salary conditions equal to nationals
  • Unemployment benefits
  • Excellent conditions for family reunification

Apart from the work permit, Germany’s permanent residency policies and processes are less stringent than the USA and UK.  If you have been living in Germany for five years on a German residence permit, you can apply for a German permanent visa. Moreover, after eight years of living there, you become eligible to apply for German citizenship. 

Top Universities for MBA in Germany

MBA colleges in Germany provide different types of MBA, such as Executive, Online, and International. Based on the recent QS Global ranking 2022, out of 73 full-time MBA programs in Europe, six business schools in Germany make it to the list. Here are the top MBA colleges in Germany:

  1. Mannheim Business School
  2. Frankfurt School of Finance and Management
  3. WHU (Otto Beisheim)
  4. ESMT Berlin
  5. HHL Leipzig Graduate School of Management
  6. EU Business schools
Top MBA colleges in Germany - MBA universities

The table below presents the full-time MBA fees, duration, salary, and ranking 2022 of the top business schools in Germany:

Top Universities for MBA in GermanyFeesDurationSalaryGlobal QS Ranking Europe 2022
University of Mannheim – Mannheim Business School€39,90012 + 3 months€9546416
Frankfurt School of Finance and Management€39,00012 months€67,00018
WHU University – Otto Beisheim School of Management€40,50012 months€77,89724
ESMT Berlin€43,50014 months€71,90030
HHL Leipzig Graduate School of Management€39,50012 – 21 months€64,32242
EU Business schools€20,85012 months€60,00043

University of Mannheim – Mannheim Business School

The Mannheim Business School offers full-time and part-time MBA for 12 and 24 months. Students who are opting for a full-time MBA have the option to complete the program either in 12 months or prolong their MBA experience by three months and get an additional Management Analytics certification or complete an internship.

The course fee for a full-time MBA is €39,900, with an average salary of approx. €95464. The majority of the MBA class 2020 were placed in technology (41%), followed by manufacturing (16%) and Financial Services (11%).

This B-school recommends a minimum GMAT score of 600 or equivalent GRE score.

If you are admitted to the Mannheim MBA program and get a GMAT score of 650 or an equivalent GRE score, the Business School grants you a reduction of €200 to acknowledge your good performance!

Frankfurt School of Finance and Management

The Frankfurt School of Finance and Management offers a full-time MBA program for 12 months. It also offers a Full-time Executive MBA for 18 months.  Besides, students have the option of switching to a part-time course.

The average cost of a full-time MBA is €39,000, and the average salary for the MBA class 2020 is €67,000. The majority of the students were placed in financial services (19%), technology (19%), and healthcare (11%).

WHU University – Otto Beisheim School of Management

The WHU college in Germany offers a full-time MBA program for 12 months.  The program offers opportunities for experiential learning to leadership and personal development.

The cost of a full-time MBA is €40,500, and the average salary of the MBA is €77,897. The majority of the students were placed in tech/start-up (39%), followed by consumer/FMCG (13%) and financial services (13%). The average GMAT score of the incoming class is 600+.

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ESMT Berlin

The ESMT Berlin MBA is a 14 month full-time MBA course starting in January. It is based out of Berlin and focuses on technology, innovation, sustainable business development, and big data.  A part-time MBA is also available with 24 months duration.

The MBA program focuses on general management and personal development and believes that 50% of an MBA experience is through new learning in the classroom and 50% by integrative personal development.

The average salary for the MBA class of 2020 is €71,900, and the cost of a one-year MBA is €43,500. The majority of the students were placed in technology and e-commerce (22%), followed by consulting (12%) and food (8%).

The average GMAT score for the latest MBA class is 640.

HHL Leipzig Graduate School of Management

The full-time MBA program at HHL Leipzig offers two types of program:

  • Fast track: 12 months with three months of master thesis
  • Advance track: up to 21 months, including optional term aboard or a professional internship

The tuition fees for the MBA program amount to €39,500. They offer a tuition fee reduction if you submit your complete application by the following Early Bird deadlines:

Early Bird ApplicationDeadlineMBA Fees
Early Bird 1November 30€33,500
Early Bird 2January 31€34,500
Early Bird 3March 31€74,500

The average salary for the MBA class 2020 is €64,322, with the majority of students placed in e-commerce & internet (21%), followed by financial services (12%) and manufacturing (10%). The average GMAT score of its incoming class is 620.

EU Business School

The full-time MBA program at EU business school is for 12 months. They also offer a part-time MBA program that lasts for 24 months. EU’s MBA programs have been specifically designed for working professionals and those who have previously held managerial roles.

The tuition fees for the full-time MBA program amount to €20,850 (three terms)/ per term, €6,950.

Is an MBA in Germany Free?

There are many false advertisements out there that state MBA in Germany is for Free! It is not if you want to pursue your MBA from a recognized university. 

In Germany, public higher education is offered for free (no tuition fees), but the best German MBA schools are privately owned and charge a certain fee. However, the MBA tuition fee in Germany is relatively lower than USA, Canada, and the UK. 

So, Europeans, Germans, and non-Europeans can study in Germany free of charge – without a tuition fee. But there is a catch – You need to get residential status first.

So, if you are an Indian student, you first need to get a residence permit before you arrive in the country and then finish your studies in Germany. Two such universities that offer free cost MBA are Nürtingen-Geislingen University and TU Bergakademie Freiberg.

MBA in Germany – Entry requirements 

entry requirements Admissions for an MBA in Germany

Each MBA college in Germany has its own specific admissions requirements. However, some of the standard entry requirements to study MBA in Germany are:

  • A recognized undergraduate degree
  • GMAT or GRE scores
  • English proficiency: IELTS/ TOELF
  • 1-3 years of work experience
  • Motivation and reference letters optional

Make sure that the degree you attain from your home country is recognized in Germany. If not, the University of your choice may require you to sit in a two-semesters preparatory course before you commence your regular studies.

Requirements for an Indian Student to study MBA in Germany

The entry requirement to study in Germany for Indian students changes from University to University, and it also depends on the chosen course. An Indian student who wants to pursue an MBA in Germany must have the following documents:

  • Recognized bachelor’s degree
  • Undergraduate Transcripts
  • German or English Language Proficiency
  • Motivation Letter
  • References
  • Work experience

MBA in Germany – Do you require work experience? 

The minimum work experience required for an MBA in Germany is one year. However, there are colleges that require at least 2 or 3 years of work ex.

Here are some of the MBA colleges in Germany that are segmented based on work experience:

One yearTwo yearThree year
Bremen City University of Applied Sciences (Global Management MBA and MBA in International Tourism)Hochschule Coburg MBAESMT MBA
Hochschule Bonn-Rhein-Sieg) CSR & NGO ManagementHTW Berlin MBA if there is no previous degreeFrankfurt School of Finance & Management (MBA) in International Healthcare
GIMS German-Indian Management StudiesFrankfurt School of Finance & Management (MBA)Berlin MBA
Cologne Business SchoolWHU MBAMannheim Business School (MBS)
 Pforzheim University MBAESCP – Berlin Campus
 Furtwangen University HFU MBA International Business Management 
 Offenburg MBA in International Business Consulting (IBC) 
 WHU – Otto Beisheim Graduate School of Management (International MBA Program) 
 HHL Leipzig Graduate School of Management 

It is a common misperception that studying the German language is required for an MBA. Most of the MBA programs in Germany are taught in English. However, it is recommended that students learn German, at least to A1 level for better networking and job opportunities during MBA.

Kickstart your GMAT preparation by signing up for our free trial. We are the most reviewed company on the GMAT club with 2000+ reviews. Write to us at acethegmat@e-gmat.com in case of any queries.

MBA in Germany – Career and Salary Post-MBA 

Career and Salary post-MBA in Germany

According to Emolument, the average salary for alumni and graduates with an insurance job is the highest ($185,000), followed by Executive Management ($152,000), and Financial Services ($133,000).

As per Glassdoor, the average base salary post-MBA in Germany is approx. € 69,064 ($82,215) per year.  The company manager and Industrial engineer are two professions with the highest average earnings in Germany.

According to Dekra Arbeitsmarkt Report 2019, Electronic technicians are leading the job market. Besides, HR and Sales managers have made their debut in the top-ranking jobs in Germany.

List of careers in Germany that are high on demand

  • Software Developers, programmer, and architects
  • Health Nurse
  • Sales Partner and Sales Representative
  • Sales Manager and Product manager
  • Personal administrator: HR Manager

The German MBA schools are researched-based universities aiming to prepare you with the knowledge and skills required in the job market.  Companies like Adidas, Google, the European Central Bank, Volkswagen, and Porsche are located in Frankfurt – the business centers. Besides, all these companies hire MBA graduates from local universities.

Planning to pursue your MBA in Germany? A 700+ GMAT score can help you get into your dream business school. Kickstart your GMAT preparation by signing up for our free trial. We are the most reviewed company on the GMAT club with 2200+ reviews. Write to us at acethegmat@e-gmat.com in case of any queries.

FAQs – MBA in Germany

What is the duration of an MBA in Germany?

Generally, a full-time MBA is about 12-24 months.

What is the best time to apply for an MBA in Germany?

Different MBA colleges have different deadlines. The best time to apply is between November to Jan for an October start.

Is it worth doing an MBA in Germany?

Yes. An MBA in Germany is a viable option. With an affordable fee, favorable post-MBA visa conditions, and countless job opportunities, pursuing an MBA in Germany can be fruitful.

Does an MBA in Germany require work experience?

Yes. Most of the top MBA colleges in Germany require you to have 1-year work experience. It is recommended to check the admission requirements for your targeted college.

Is GMAT required for an MBA in Germany?

Most of the MBA colleges in Germany require you to take the GMAT. The average GMAT score for the Top 5 MBA colleges is above 600.

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9 thoughts on “MBA in Germany – Top colleges and universities, fees, and salary 2021-2022”

  1. What are the options of getting an mba from Germany with 10+ years of experience. Is it seen as a downside while applying

    1. With 10+ years of work experience, your profile will be more suited for an Executive MBA degree. Executive MBA in Germany caters to professionals with extensive work experience (7 to 15 years) and prepares you for top management positions by developing management and leadership skills. Here is an article that can help your MBA Application stand out taking into consideration your 10+ years of work experience – https://buff.ly/2CXAXv9

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