cheapest mba in germany

Last Updated on December 22, 2022 by

MBA in Germany is a 1 to 1.5-year program available for international students in the full-time, part-time and online mode of education. There are over 50 colleges and universities offering MBA in Germany, with around 5 universities ranking within the top 250 of QS Global MBA Ranking and around 3 universities ranking within the top 100 MBA schools as per FT Times. 

Business Schools in Germany are becoming a new global destination for MBA aspirants because of the lost cost or tuition-free education they offer. To get into these top universities in Germany, you will not only need to have high academic standing in your bachelor’s but also need IELTS/TOEFL scores along with GMAT scores. Here are some points to ponder for international students planning to study MBA in Germany:

  • A bachelor’s degree and work experience of 2 to 3 years is mandatory for the admission of Indian students in this program. 
  • The annual cost of an MBA in Germany ranges from 17,770 USD to 44,000 USD (the equivalent of 13 lakhs to 33 lakhs INR). 
  • MBA graduates from German universities can earn an average salary of 125,000 USD per annum (~91 LPA).

An MBA or Masters of Business Administration equips students with a range of skillset for interpreting and implementing into businesses. An MBA from recognized global universities will help you gain reputable job roles with cushy median salaries. 

Top Universities for MBA in Germany

Some of the best colleges for MBA in Germany have been listed below along with their QS global MBA ranking, university’s national ranking, and program fees

UniversityProgram Offered and DurationTotal Program Fees (in USD)
Mannheim Business SchoolMBA: 1 year44,200
Frankfurt School of Finance and ManagementMBA: 1 year42,500
WHU-Otto Beisheim Graduate School of ManagementMBA: 1 year43,600
European School of Management & Technology (ESMT)MBA: 1 year26,300
HHL Leipzig Graduate School of ManagementMBA: 1 year42,500
European Business School MBA: 1.4 years26,426
Munich Business School MBA: 1 year35,800
Technical University MunichExecutive MBA: 2 years 43,500
University of CologneExecutive MBA: 2 years38,900
Business School PforzheimMBA in International Business: 1.8 years17,770

Why Study MBA in Germany?

  • For European Business School Rankings (2020) by Financial times, Eight German business schools rank within the top 100 for their full-time MBA program.
  • Five of the business schools in Germany feature in the QS Global MBA Ranking (2021). Four of these business schools lie within the top 100 among the business schools of the world.  
  • According to the Association of German Chambers of Commerce & Industry, there is a need for 1.5 million skilled workers from abroad.
  • An increase of 10% was observed in MBA employment in the year 2017. A further 7% increase was observed for the year 2018.
  • MBA degree in Germany costs a lot less than an MBA from other popular study destinations. This is because of the no or low tuition fees charged at higher education institutes in Germany. 
  • Executive MBA is the highest paying degree for graduates and alumni of German universities. 
High Paying degrees in Germany

MBA in Germany: Highlights

DurationMBA: 1to 1.8 years;
Executive MBA: 2 years
Average Tuition Fees17,770 USD to 44,000 USD per annum
EligibilityBachelor’s degree in any field; GMAT/GRE score; Work experience
Minimum GRE/GMAT RequiredGMAT above 550 or equivalent GRE
Minimum Work Experience Required2 to 3 years
Average Salary OfferedMBA: 125,000 USD; Executive MBA: 131,000 USD
Job Role AvailableConsultant, Business Development Manager, Project Manager, Strategist, etc

MBA in Germany: Types & Specializations

A wide range of specializations is offered at universities for MBA in Germany. Some of the popular specializations that international students can study in Germany along with the B-schools offering the program are listed below:

SpecializationInstitutes Offering the Course
MBA in EntrepreneurshipEU Business School, SRH Hochschule Berlin
MBA in FinanceSIMT, EU Business School
MBA in HRGISMA Business School, University of Applied Sciences Mittelhessen
MBA in InnovationMunich Business School, Berlin School of Business and innovation
MBA in International ManagementCologne Business School 
MBA in MarketingWHU Otto Beisheim Graduate School, GISMA Business School
MBA in LeadershipHHL Leipzig Graduate School of Management

Admission Process for MBA in Germany

Most of the top universities of Germany accept students in the MBA program from all disciplines. Thus, an international student having a bachelor’s degree in any field from a recognized university is eligible to apply. 

Do not have a GMAT score? Here is where you can Study MBA in Germany without GMAT!

Eligibility for MBA in Germany Admission

The basic eligibility for MBA programs in Germany is having a bachelor’s degree. However, the variation is observed in the GMAT score and work experience required. Given below are the minimum requirements for an Indian student applying to German universities offering MBA program: 

UniversityAdmission Requirements
Manheim Business School3 years of work experience
Frankfurt School of Finance and ManagementGMAT (average: 640) or GRE or MBA admission test scores;
Case study assignment; 3 years of work experience;
Interview
WHU-Otto Beisheim Graduate School of Management2 years of work experience;
GMAT score (minimum 600 is recommended)
ESMT Berlin3 years of work experience;
GMAT/GRE score; Interview
HHL Leipzig Graduate School of Management3 years of work experience;
GMAT/GRE score; Letter of Motivation
European Business School3 years of work experience;
GMAT/GRE score; Interview
Munich Business School80% in bachelors; 2 years of work experience;
1-2 page letter of motivation; Interview
Technical University Munich4 to 5 years of work experience;
Letter of Motivation
University of Cologne 4 years of work experience
Business School Pforzheim2 years of work experience;
Minimum GMAT score of 550 or equivalent GRE score;
Motivation letter;
Essay on extra-curricular activities; Interview

Admission Requirements:

  • In addition to the above requirements, you also have to submit at least two letters of recommendation (LOR) and a CV.  LORcan be academic or from previous employers.
  • Some universities do not specify a minimum GMAT score. However, Indian students with a score of 550 or above have higher chances of admission. 
LOR for MBAHow to Submit a LORSOP for MBA in Germany

English Proficiency Requirement for International Students

Since the curriculum of most of the business schools offering MBA in Germany is in English, international students are required to submit an IELTS or TOEFL test scores to demonstrate proficiency in this language. The minimum requirement for applying in popular universities for an Indian student is:

  • IELTS: 6.5 to 7.0
  • TOEFL (iBT): 80 to 92 

MBA in Germany without GMAT

Performed poorly in your GMAT? Have missed the exam and still want to study in Germany? Some of the universities that accept applicants without a GMAT or GRE score include the Technical University of Munich, Berlin School of Economics and Law, Cologne Business School, Accadis Hochschule Bad Homburg, etc. 

TUM MBA without GMAT: An applicant with proof of a minimum of 4-5 years of work experience in a relevant field can apply for the Executive MBA program offered at TUM. You can apply for the program throughout the year as the admissions are offered on a rolling basis. 

MBA at Berlin School of Economics & Law: As a part of the admission process GMAT scores are not required. Although the applicant must have experience of three years to apply for this FT-MBA program. 

MBA without GMAT at Cologne Business School: International applicants are not required to submit GMAT scores for studying MBA at CBS. 

Cost of MBA in Germany for Indian Students

Business School in GermanyCost in INR
Mannheim School of Business32.3 Lakhs 
Frankfurt School31.12 Lakhs
Whu-Otto31.92 Lakhs
ESMT19.2 Lakhs
EBS13.84 Lakhs
HHL31.12 Lakhs
Munich Business School26.21

MBA in USA from the top ranking universities can cost Indian students a heavy sum of 80,00,000 Lakhs (INR). Similarly, for MBA in Canada Indian students have to pay the tuition of around 60,00,000 Lakhs (INR). However, an MBA in Germany may cost an Indian student around 10,00,000 Lakhs (INR).

Cost of Living in Germany

The monthly cost of on and off-campus accommodation in Germany range from 392 to 1100 USD. The cost of food ranges from 160-470 USD. Including the monthly student health insurance, transportation, accommodation, and food & social activities, an expenditure of around 840-1200 USD can be expected while living & traveling in Germany.

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Type of ExpenseCost (USD)
Accommodation392 – 1100
Food And Drink160 – 470
Clothing45 
Working Or Learning Materials23 
Travel110 
Health Insurance90 
Phone, Internet, Tv35 
Social Life68 
Total840 – 1200

Scholarships for MBA in Germany

Pursuing an MBA in Germany is although cheaper than other countries but still can cost you a large sum. Germany offers its international MBA applicants with a variety of scholarships. These include both privately funded and government scholarships. Some of the popular scholarships in the German universities for international students are listed below:

UniversityScholarshipAmount (USD)
Mannheim Business SchoolMultiple merit-based scholarships for outstanding and excellent studentsOutstanding students- 7800; Excellent students- 1100-2200
FrankfurtFS MBA scholarshipCovers partial tuition fees for all eligible MBA applicants
WHU-Otto Beisheim Graduate School of ManagementScholarship for participants from developing countries;
Excellent GMAT result scholarships
Varies;
Varies
ESMTGerman language scholarship for non-native speakers2200-4400 (depending on proficiency score)
EBSDeutschlandstipendium 336/month

Other Scholarships available for pursuing MBA in Germany

Various government-funded scholarships are available for graduates in Germany. Some of the popular scholarships available in Germany are:

  1. HHL Young Leader Scholarships in Germany: The scholarship partially funds the eligible applicants from all nationalities with at least 25% of the tuition.
  2. Women in Business Scholarship: Offered by various universities to their women applicants for encouraging female participation in business programs. The funding under this scholarship varies from university to university.
  3. DAAD Scholarships: Government-funded scholarships available to international students studying in Germany at various degree levels.
  4. Erasmus+ Scholarships: These are the largest scholarship providers funding international students studying across Europe at different degree levels.

Cost of Studying MBA in Germany

The cost of studying abroad includes expenses like costs of various standardized tests, travel & stay, tuition fees, study material, etc. The detailed expenses you may incur when planning to pursue higher studies in Germany are given below. 

Pre-arrival Costs

The money that you will spend on registration fees of tests required to study in Germany, flight tickets, application forms, etc even before you have actually started the program are pre-arrival expenses. Some of these are given below:

Type of ExpenseCost (USD)
Program Application Fees145* 
German Student Visa Application Fees84 (75 Euro)
Health Insurance90-180**
IELTS Fees185-190
TOEFL Fees160-250
GMAT Fees250
GRE Fees205-230
Airfare450-1400

*Depends on the university. Some of the top B-schools do not charge additional tuition fees.

**Depends on the age of the applicant. The health insurance cost in Euros is 80-160 Euro/month.

Tuition Fees for MBA in Germany

The tuition fee comparison for pursuing MBA in Germany from some of the top-ranking B-schools is given below:

Tuition Fees for MBA in Germany

Please note: The costs (annual) are given in USD and are approximate tuition for the program.


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