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MBA in Germany – Which are the Top 30 MBA colleges in 2021?

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. 

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. Scroll down!

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 2021

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 €70,000 approx. (Top 10 Business schools in Germany)
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
MBA in Germany

MBA in Germany – Top 30 MBA Programs in 2021

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

MBA Colleges in Germany

Here is a list of 30 MBA programs in Germany:

  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. University of Cologne Business School
  10. ESCP – Berlin Campus
  11. EBS Business school
  12. ESB Reutlingen
  13. Hochschule Esslingen · Esslingen University of Applied Sciences
  14. GISMA Business School
  15. Offenburg University
  16. Hochschule Bremen – International Graduate Center (IGC)
  17. IUBH University of Applied Sciences
  18. EU Business school
  19. HTW Hochschule für Technik und Wirtschaft Berlin
  20. Hochschule Furtwangen University
  21. TU Berlin
  22. Berlin School of Business and Innovation (BSBI)
  23. Steinbeis-Hochschule Berlin
  24. HSBA Hamburg School of Business Administration
  25. Universität Hamburg – Institut für Weiterbildung e.V.
  26. Technische Hochschule Nürnberg Georg Simon Ohm – OHM Professional School
  27. TU Bergakademie Freiberg
  28. Aachen University – RWTH Business School
  29. Dresden International University (DIU)
  30. IESE Business School – University of Navarra – Munich Campus
Sr.noTop MBA ProgramsDurationProgram TypeLocation
1ESMT Berlin12-24 monthsFull time, Part-time, and Executive MBA. Distance learningBerlin
2Frankfurt School of Finance and Management12-24 monthsFull time, Part-time, and Executive MBA. Distance learningFrankfurt am Main
3Mannheim Business School (MBS)12 – 24 monthsFull time, Part-time, and executive MBAMannheim
4WHU – Otto Beisheim Graduate School of Management12-24 monthsFull time, Part-time, and Executive MBA. Distance learningDüsseldorf
5HHL Leipzig Graduate School of Management21-24 monthsFull-time and Part-time MBALeipzig
6Hochschule Pfrozheim21 monthsMBA in International Management Full and Fast trackPforzheim
7TUM Technische Universität München24 monthsExecutive MBAMunich
8Berlin School of Economics and Law (HWR)15-24 monthsFull-time and Part-time MBABerlin
9University of Cologne Business School24 monthsExecutive MBACologne
10ESCP – Berlin Campus10-18 monthsFull-time and executive MBABerlin
11EBS Business school16-24 monthsFull-time and executive MBAOestrich-Winkel
12ESB Reutlingen12-54 monthsFull-time and part-time MBA. Dual degree programReutlingen
13Hochschule Esslingen · Esslingen University of Applied Sciences18 monthsFull-time MBAEsslingen
14GISMA Business School24 monthsPart-time MBAHannover
15Offenburg University15 monthsFull-time MBAGengenbach
16Hochschule Bremen – International Graduate Center (IGC)18-24 monthsFull time, Part-time, and Executive MBA. Distance learningBremen
17IUBH University of Applied Sciences12-18 monthsFull-time MBA and distance learningBad Honnef
18EU Business school12-25 monthsFull time, Part-time, and Distance learningMunich
19HTW Hochschule für Technik und Wirtschaft Berlin18-24 monthsFull time, Part-time, and Distance learningBerlin
20Hochschule Furtwangen University18-24 monthsFull time, Part-time, and Executive MBAVillingen-Schwenningen
21TU Berlin18 monthsFull-time MBABerlin
22Berlin School of business and Innovation (BSBI)18-24 monthsPart-time MBABerlin
23Steinbeis-Hochschule Berlin24 monthsPart-time MBA and distance learningBerlin
24HSBA Hamburg School of Business Administration24 monthspart-time and executive MBAHamburg
25Universität Hamburg – Institute für Weiterbildung e.V.18 monthspart-time MBAHamburg
26Technische Hochschule Nürnberg Georg Simon Ohm – OHM Professional School12-24 monthsFull-time and part-time MBANurnberg
27TU Bergakademie Freiberg24 monthsFull-time MBAFreiberg
28Aachen University – RWTH Business School22 monthsExecutive MBAAachen
29Dresden International University (DIU)18-24 monthsFull-time and Part-time MBADresden
30IESE Business School – University of Navarra – Munich Campus18 monthsExecutive MBAMünchen

MBA in Germany – 14 MBA colleges that are AACSB, AMBA, EQUIS Accredited

MBA programs are offered by approx. 90 business schools in Germany. However, some 14 business schools in Germany offer MBAs that are accredited by AMBA, EQUIS, or AACSB.

Here is the list of top 14 MBA colleges in Germany that are accredited by AMBA, EQUIS, or AACSB:

  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
  11. ESB Reutlingen
  12. GISMA Business School
  13. RWTH Business School
  14. Westfälische Wilhelms-Universität Münster – JurGrad gGmbH
Business SchoolsFeesDurationMBA Program type
ESMT Berlin€43,5001 yearFull time
Frankfurt School of Finance and Management€39,0001 yearFull time
Mannheim Business School (MBS)€39,5001 yearFull time
WHU – Otto Beisheim Graduate School of Management€40,5001 yearFull time
HHL Leipzig Graduate School of Management€38,00012 -21 monthsFull-time
Hochschule Pfrozheim€15,80021 or 16 monthsMBA in International Management Full
TUM Technische Universität München€39,0001 yearExecutive
Berlin School of Economics and Law (HWR)€19,80015 monthsFull-time
Cologne Business School€54,5001 yearInternational MBA
ESCP – Berlin Campus€46,00010 monthsInternational / Executive MBA
ESB Reutlingen€6,9001 yearFull-time
GISMA Business School€31,4502 yearsPart-time MBA
RWTH Business School€37,50022 monthsExecutive MBA
Westfälische Wilhelms-Universität Münster – JurGrad gGmbH€16,8002 yearsExecutive MBA

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.

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 2000+ reviews. Write to us at acethegmat@e-gmat.com in case of any queries.

Take a look at the Top 5 MBA universities in Germany:

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 of 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.

MBA in Germany – 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, a 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. 

Top 6 reasons to study MBA in Germany

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 €30,000 to €50,000, while for Executive MBA courses may amount to around €90,000. 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 backgrounds.

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 10 MBA colleges in Germany:

MBA Colleges in GermanyQS Global MBA 2020FT European Business School 2019
Mannheim Business School (MBS)3824
Frankfurt School of Finance and Management4132
WHU – Otto Beisheim Graduate School of Management6623
ESMT Berlin809
HHL Leipzig Graduate School of Management11-12057
ESCP – Berlin CampusNA14
Cologne Business SchoolNA74

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 of different ages, origins, 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 the 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.

Cost of Living Comparison

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 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.

MBA in Germany – 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.

Requirements for an Indian Student to study MBA in Germany

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

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

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.

The average salary for top 10 MBA colleges in Germany

Top Colleges Average Salary *
ESMT Berlin€74,536
Frankfurt School of Finance and Management€65,000
Mannheim Business School (MBS)€87,124
WHU – Otto Beisheim Graduate School of Management€75,557
HHL Leipzig Graduate School of Management€64,000
Hochschule Pfrozheim€55,000
TUM Technische Universität München€50,000
Berlin School of Economics and Law (HWR)NA
Cologne Business School€69,302
ESCP – Berlin Campus€91,320

*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.

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 2000 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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9 thoughts on “MBA in Germany – Which are the Top 30 MBA colleges in 2021?”

  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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