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MBA in Germany – Read This Guide First If You Want To Study in Germany

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

So,  if you are looking to pursue a Masters in business administration (MBA) the duration of the program in Germany varies and a full-time MBA is about 12-24 months. 

Besides, you should also note that most publicly funded universities in Germany levy no tuition fees. However, students are required to pay an administration fee. Know how you can study MBA in Germany for Free. 

In this article, we look at why you should pursue an MBA in Germany, the student and work visa requirements, Top MBA colleges in Germany, and much more.

MBA in Germany

Here is an outline of the article:

MBA in Germany – Top MBA Colleges 

MBA colleges in Germany provide different types of MBA, such as Executive, Online, and International.

MBA Colleges in Germany

Here is a list of top MBA colleges in Germany by Find-MBA:

  1. ESMT Berlin
  2. Frankfurt School of Finance and Management
  3. Mannheim Business School (MBS)
  4. WHU – Otto Beisheim Graduate School of Management
  5. HHL Leipzig Graduate School of Management
  6. Hochschule Pfrozheim
  7. TUM Technische Universität München
  8. Berlin School of Economics and Law (HWR)
  9. Cologne Business School
  10. ESCP – Berlin Campus

ESMT Berlin Full-Time MBA

The ESMT Berlin MBA is a one-year full-time MBA course that starts 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 2018 is €74,536, and the cost of a one-year MBA is €43,500. The majority of the students were placed in Consulting (25%), followed by technology (12.5%), and e-commerce (10%).

The average GMAT score for the 2019 class is 640.

Frankfurt School of Finance and Management

The Frankfurt School of Finance and Management offers a full-time MBA program for a duration of 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 €38,000, and the average salary for the MBA class 2019 is €65,000. The majority of the students were placed in Pharma/Healthcare, Consulting, Financial Services, and Banking.

Mannheim Business School (MBS)

The Mannheim Business School offers both full-time and part-time MBA course for 12 and 24 months. For 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.

The cost of a full-time MBA is €39,500, with an average salary is €88,639. The majority of the MBA class 2019 were placed in Consulting (22%), followed by technology (28%), and manufacturing (11%).

There is no minimum GMAT score stated by the college, but the average score of its incoming class has been above 600.

WHU – Otto Beisheim Graduate 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 class 2017 is €36,220. The majority of the students were placed in Manufacturing (33%), followed by Consulting (19%), and Tech (15%). The average GMAT score of the incoming class is 600+.

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 average salary for the MBA class 2019 is €64,000, with the majority of students placed in e-commerce (25%), followed by Consulting (15%), and Manufacturing (9%).

The average GMAT score of its incoming class is 620.

Take a look at the table below to know about other MBA colleges in Germany: 

MBA in Germany – Top Colleges  Fees (€) * Duration (Months) Program Type Salary (€) **
ESMT Berlin 43,500 12, 24 Full time and Part-time MBA 74,536
Frankfurt School of Finance and Management 38,000 12, 18, 21 Full/Part-time MBA and Executive MBA 65,000
Mannheim Business School (MBS) 39,500 12, 24 Full time and Part-time MBA 88,639
WHU – Otto Beisheim Graduate School of Management 40,500 12, 24 MBA Full and Part-time 36,220
HHL Leipzig Graduate School of Management 38,000 21- 30 MBA Full and Part-time 64,000
Hochschule Pfrozheim 15,800 21,16 MBA in International Management Full and Fast track 55,000
TUM Technische Universität München 39,000 24 Executive MBA 50,000
Berlin School of Economics and Law (HWR) 19,800 15,24 International management NA
Cologne Business School 34,570 24 International Management MBA 69,302
ESCP – Berlin Campus 46,000 /62,000 10,18 International / Executive MBA 91,320

*The fees is only for the full-time one year MBA program for the first five.**Please note that the average salary is taken based on the latest information available on the business school website. Some have published their 2019 Employment report, whereas others have not.

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

The first top-five MBA colleges in Germany offer a full-time MBA with general management into focus. However, the next five MBA colleges offer MBA in International management or an Executive MBA only. ESCP – Berlin campus has both International and Executive MBA programs.

Let’s discuss the top five MBA colleges in Germany a bit more in detail.

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 1950+ reviews. Write to us at acethegmat@e-gmat.com in case of any queries.

Is it worth it? 

Why study MBA in Germany

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

According to the World Bank, Germany is the 4th largest economy in the world 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%.

In 2019, approx. 2,82,002 international students came to Germany for higher education, out of which 44,133 students were from the business and management field of study.

Apart from the booming economy, Germany has affordable MBA fees, low cost of living as 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 6 reasons to study MBA in Germany:

  1. Affordable MBA Tuition Fees 
  2. MBA School Ranking and Excellent Academic staff
  3. Need for skilled professionals
  4. Part-time working and EU Blue card work permit
  5. Low Cost of living
  6. Scholarships opportunities

Affordable MBA Tuition Fees

Pursuing an MBA can turn out to be an expensive venture. The average cost of an MBA degree from top Business schools ranges from $61,487-$160,864. However, an MBA degree in Germany is more affordable.

Learn when is an MBA is worth it? 

On average, tuition fees for Full-time MBA courses range from $35,662-$59437. However, for Executive MBA courses its approx. $106,987. Besides, an MBA degree in Germany will cost you 15% less than in the UK, on average.

MBA School Ranking and Academic staff

Around 29.3% of international students value professorship at German universities. Professors at German MBA schools enjoy an international profile with their strong academic background.

Moreover, many  MBA colleges in Germany are among the world’s top 100 business schools. For example, Mannheim Business School (MBS) ranks 71 for FT Global MBA ranking 2020 and 38th for QS Global MBA Ranking 2020.

Here are the rankings for top MBA colleges in Germany:

MBA Colleges in Germany Ranking
QS Global MBA 2020 FT European Business School 2019
Mannheim Business School (MBS) 38 24
Frankfurt School of Finance and Management 41 32
WHU – Otto Beisheim Graduate School of Management 66 23
ESMT Berlin 80 9
HHL Leipzig Graduate School of Management 11-120 57
ESCP – Berlin Campus NA 14
Cologne Business School NA 74

Need for Skilled professionals

Although Germany does not have a nation-wide skills shortage, it is impossible to fill vacancies in specific regions and sectors with skilled workers, particularly in STEM and health-related occupations.

To tackle this shortage, The Federal Ministry for Economic Affairs and Energy wishes to encourage the immigration of qualified professionals from abroad and to utilize the potential offered by the refugees by integrating them into the labor market.

They are also helping companies to take advantage of the diverse workforce consisting of people from different ages, origin, sexes, and including people with disabilities. Graduate occupations in the field of medicine, mechanical and automotive engineering, Electrical engineering, IT, and Software development/programming are currently facing a shortage.

With the shortage of skilled professionals and government efforts to increase the number of international students, an MBA in Germany can be a blessing in disguise.

Moreover, the German Government and Federal states have formulated a joint internationalization strategy to increase the number of international students to 350,000 by 2020.

Part-Time Working and EU Blue Card work permit 

International students who want to pursue an MBA in Germany can work part-time. According to a recent survey by the Deutsches Studentenwerk, 63% of university students prefer to work part-time and can earn approx. $384 per month.

Also, the post-MBA scenario is favorable in Germany. The EU Blue Card Work permit is a demand-driven residence and work permit. It is designed to make Europe a more attractive destination for professionals from outside the EU.

This will make you eligible to work in Germany as long as you fulfill the qualifications and have a job offer with a minimum salary limit. The limit is subjected to change and is lower for professionals with an academic background in IT, Technology, Mathematics, and medicine.

Benefits of gaining an EU Blue card Work permit:

  • 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

Learn more about the Skilled Immigration Act entered into force on 1 March 2020.

Low Cost of Living 

When compared to other European countries, the cost of living in Germany is quite reasonable. You will need approx. $957 (853 euros) a month to cover your living expenses in Germany as of 2020.

Your monthly rent is the most significant expense in Germany. The overall cost of living depends on two factors:

    • Where you are settled in
    • What type of lifestyle you have

The south is the most expensive region to live in Germany, followed by West, North, and East.

The location of your University might constraint you from selecting the most suitable location to live. However, there will be affordable living places around your campus.

If your college is located in populated areas such as Frankfurt, Hamburg, and Munich, saving money can be harder as compared to cities like Leipzig and Karlsruhe. In such scenarios, you can choose to live in suburb areas of low-cost cities and commute regularly.

Here is the cost of living comparison of Germany with different countries based on five parameters:

Cost of Living country wise

Cost of Living indices countries

From the above image, we can say that all the countries except India have higher Rent as compared to Germany. The United Kingdom not only has a higher Rent, Restaurant, and Grocery prices, but the local purchasing power is also low as compared to Germany.

Scholarships Opportunities

There are various scholarship options available to students who want to pursue an MBA in Germany. DAAD, the largest scholarship organization, offers a variety of scholarships to international students.

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

Is an MBA in Germany Free?

Students that are planning to pursue their MBA in Germany should know that most public universities in Germany levy no tuition fees. However, you may be required to pay an enrolment fee of 250 -500 Euros.

Europeans, German, and all 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. 

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

Entry requirements 

entry requirements Admissions for an MBA

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.

Check whether your higher education entrance qualification is recognized 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:

MBA in Germany – Work Experience Required by Colleges
One year Two year Three year
Bremen City University of Applied Sciences (Global Management MBA and MBA in International Tourism) Hochschule Coburg MBA ESMT MBA
Hochschule Bonn-Rhein-Sieg) CSR & NGO Management HTW Berlin MBA if there is no previous degree Frankfurt School of Finance & Management (MBA) in International Healthcare
GIMS German-Indian Management Studies Frankfurt School of Finance & Management (MBA) Berlin MBA
Cologne Business School WHU MBA Mannheim Business School (MBS)
  Pforzheim University MBA ESCP – 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.

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What are the requirements for an Indian Student?

The entry requirement to study in Germany for Indian students change 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

Career and Salary Post-MBA 

Career and Salary post-MBA

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 that you can pursue 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 1950+ 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 requires 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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3 thoughts on “MBA in Germany – Read This Guide First If You Want To Study in Germany”

  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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