collageMannheim business school is an international business school and one of the top-ranked business schools in Europe. The MBA program at Mannheim Business School has been designed to provide a high quality, progressive learning experience that will enable participants to develop into more effective leaders. This program is delivered through action-based learning and project work in small groups and one-to-one situations with experienced managers who help to facilitate your development throughout the course.
Are you interested in learning more about Mannheim business school MBA fees or do you have opinions or concerns about the price of higher education at universities? Have you considered the benefits of studying abroad?
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Mannheim Business School is the umbrella organization for management education at Mannheim University. Founded in 2005, it was the first German institution to be accredited by AACSB International, AMBS, and EQUIS, which are the three leading unions of educational institutions in business worldwide. Only one percent of the business schools worldwide hold this so-called Triple Crown. Research and teaching at a worldwide top-level, internationality, a practical orientation, and consistent quality management are the success factors of the “Mannheim Concept.”
Currently, Mannheim Business School offers various international MBA Programs (Master of Business Administration), all completely taught in English: The Mannheim Full-Time MBA, which is offered in a one-year format and the Mannheim Part-Time MBA, a two-year format, the Mannheim Executive MBA as well as the ESSEC & MANNHEIM Executive MBA and the MANNHEIM & TONGJI Executive MBA in cooperation with renowned business schools.
COVID19 information:
Applicants should be aware of the fact that a crisis can be the ideal time to start an Executive MBA, as it allows to stay in business while gaining a competitive advantage on the job market.
During the Corona crisis, Mannheim Business School offers a structured, rolling admissions process for both national and international applicants with the following steps:
• Pre-selection with a formal profile check (CV or online job profile)
• Intensive personal consultation via phone and video calls with the Admissions Manager
• Invitation to apply
• Accepting/editing application documents
• Selection interview via skype video calls
• Admissions decision at least one week after the interview
Applicants can reach our Admissions Manager, Ms. Nilgün Vatansever, by phone (+49 621 181 3721), email (info.emba@mannheim-business-school.com) or social media (LinkedIn). Of course, she will also be happy to virtually connect prospective students with current participants and alumni of our EMBA programs.
We regularly offer Online Information Sessions and Online Master Classes. You can find all events here: https://www.mannheim-business-school.com/en/events/events-and-registration.
You are not only curious but convinced that the Mannheim MBA is the right choice to take your career to the next level? You do not only want to prepare yourself professionally for future management challenges but also develop on a personal level in an international and demanding environment? If this is the case, we look forward to receiving your application!
The program starts every September, but since there are only limited places available, we strongly recommend getting in contact with us as early as possible.
Mannheim Business School MBA Fees
Application Fee
The application fee for the Mannheim Full-Time MBA is EUR 130
and has to be paid when submitting the application documents.
Tuition Fee
The tuition fee for the Mannheim Full-Time MBA is EUR 39,900.
Please note that the tuition fee at Mannheim Business School
includes case studies, copies and course materials at MBS. Furthermore, you will have full access to our IT infrastructure, including
wireless LAN and our intranet as well as to all additional university
Payment Terms and Options
A down payment of EUR 8,500 is due one week after the admissions contract was signed by the participant. Following the down payment, the remainder of the tuition fee is payable as follows:
Option 1: In four equal installments – two installments are due
before the program start and the other two installments are due during
the program.
Option 2: In one payment at least 12 weeks before the program start.
If you choose this option, MBS will grant you a reduction of
EUR 500.
Transfer Options
For international (non-Euro) payments, Mannheim Business
The school has partnered with Flywire to provide you with an easy and
secure method of sending international payments.
Flywire allows you to pay from any country and any bank and save
on bank fees and exchange rates.
To make your payment, please go to
mannheim-business-school.flywire.com
Tax Tip
When choosing your payment option, please bear in mind that the German income tax system may allow participants of an MBA program considerable tax benefits due to tuition fees. Find out more information here.
Please note that your application will only be processed once the
application fee has been received.
services, including the library and its various databases, the gymnasium, the cafeteria, and student clubs. Finally, your tuition fees will also cover German language courses, coffee breaks as well as some extracurricular programs and trips.
Option 3: In one further payment to MBS and the remaining
amount through a loan from Prodigy Finance (max. loan is
EUR 31,600). See more details about the terms and conditions, and how to
apply for a loan on Prodigy’s website:
https://prodigyfinance.com/get-a-loan/mannheim-business-school/loan
Also Read: Mannheim business school world ranking, Mannheim business school ranking, Mannheim Business School MBA Fees
ADMISSION CRITERIA
Learning with and from each other is a central component of the Mannheim MBA. Thus, we constantly seek personalities who enjoy enriching the group with their competencies, experiences, and commitment.
The formal criteria at a glance:
- an internationally recognized academic degree in any discipline (at least a Bachelor’s) – successful candidates will typically possess a min. B+ average in their undergraduate degree, then
- at least 3 years of postgraduate working experience
- leadership potential
- international experience
- fluency in English (TOEFL with a minimum score of 95, IELTS with a minimum score of 7.0, or equivalent)
- GMAT/GRE necessary (a minimum GMAT score of 600 or equivalent GRE score is recommended. From a GMAT score of 650 or an equivalent GRE score, Mannheim Business School will grant you a reduction of €200 to acknowledge your good performance! Please note that this only applies if you are admitted to the MBA program.)*
- knowledge of the German language is not an admission requirement; however, we strongly encourage international participants to start taking German language courses prior to the program start.
TUITION FEES
The current course fee is € 39,500.
Please note that the tuition fee at Mannheim Business School includes case studies, copies, and course materials at MBS. Furthermore, you will have full access to our IT infrastructure, including wireless LAN and our intranet as well as to all additional university services, including the library and its various databases, the gymnasium, the cafeteria, and student clubs. Finally, your tuition fees will also cover German language courses, coffee breaks as well as some extracurricular programs and trips.
The fee does not include transportation, accommodation, and living costs.
In-demand additional qualification at a reduced price: If you choose the Management Analytics Certificate in the optional fifth term, you profit from a reduced price. The regular price is €7,500 (tax-exempt). Register by June 15 to get 35% off, register by the start of Term 1 to get 15% off.
The application fee is € 130 (non-refundable).
Please note that first down payment of € 8,500 is due one week after the admissions contract was signed by the participant. Furthermore, 50% of the tuition fee should be paid before the program start. There is also an option to get a further reduction of €500 if you pay your tuition fee upfront.
APPLICATION DEADLINES AND EARLY BIRD OFFER
Early Bird Intake 2021
If you apply by the first early bird reduction deadline (November 30th), you will benefit from a € 3,000 reduction of your tuition fee. Your tuition fee will be reduced by € 1,000 if you apply by the second early bird reduction deadline (March 31st).
SCHOLARSHIPS
At Mannheim Business School, a range of scholarships is available to successful applicants to help you finance your MBA. Mannheim Business School offers a number of partial scholarships to outstanding candidates. Improve your chances by sending us your application as early as possible.
When and how to apply:
The scholarship application forms are available upon request. We can only send you the scholarship application form after you have sent in your complete application documents and after you have successfully mastered the first interview round with the Admissions Manager.
Below are the criteria for the MBS scholarships:
- Scholarship For The Most Outstanding Candidate Outstanding in this case stands for several achievements, clear motivation and characteristics, such as an excellent educational and professional background. Furthermore, a high score in GMAT or GRE and TOEFL or IELTS (if appropriate), international working experience with excellent foreign language skills (e.g. min. German at B2 level) and social engagement. You should also bring something really unique to the classroom. Your performance and creativity throughout our selection process highly contributes to the final outcome. Scholarship amount: €7,000. A decision whether you have been successful in obtaining this scholarship will not be made before June 2020.
- Scholarship for Excellent Candidates
- Scholarship for Women in Business
PRODIGY FINANCE LOAN PROGRAM FOR INTERNATIONAL STUDENTS
Prodigy Finance offers community-funded loans to international students at the world’s top business schools and universities, including Mannheim Business School.
Eligibility
Accepted students into the full-time MBA program are eligible to apply for a loan with Prodigy Finance. Further requirement: You must be traveling abroad for your education.
Rates
Interest rates vary depending on individual applicants. See more detail about the terms and conditions, and how to apply for a loan on Prodigy’s website.
Prodigy Finance Loan Benefits
• 150 nationalities are eligible to apply
• Competitive interest rates
• No co-signer or collateral required
• No repayments while you study
• Loan amounts are based on applicants’ individual affordability
• Online process
Prodigy Finance Ltd is incorporated in the United Kingdom (Company Number 05912562) and registered with the Office of the Information Commissioner (Reg. No. Z9851854). Prodigy Finance Ltd is authorized and regulated by the Financial Conduct Authority and entered on the Financial Services Register under firm registration number 612713. Prodigy’s registered address is Palladium House 1-4 Argyll Street, London, W1F 7LD
Mannheim Business School Rankings
This coveted business school is among the top leading business schools in the world and has been ranked # 1 in Germany consistently. Tabulated below are the schools’ rankings for the year 2021.
| Ranking Body | National Ranking | World Ranking |
|---|---|---|
| Forbes | 1 | 9 |
| Bloomberg Businessweek | 1 | 10 (Europe) |
| Economist | 1 | 9 |
| Times Higher Education | 1 | 33 |
| Poets & Quants International | 1 | 10 |
| QS Global MBA Rankings | 1 | 39 |
Highlights
| Type | Business School |
| Establishment Year | 2005 |
| Campus Setting | Urban |
| Location | Mannheim, Baden-Württemberg, Germany |
| Total Number of Students | 640 |
| International Students (%) | 60% |
| Female-to-Male Ratio | 4:6 |
| Total Faculty | 107 |
| Accommodation | Not Available |
| Application Portal | Online |
| Application Fee | Varies |
| Mode of Program | Full-Time, Part-Time & Online |
| English Proficiency Tests | IELTS/TOEFL |
| Official Website | mannheim-business-school.com |
Mannheim Business School Courses
Mannheim Business School offers full-time, part-time, and online programs in various business and management-related fields.
Master’s programs at Mannheim Business School include MBA, Mannheim Executive MBA, ESSEC & MANNHEIM Executive MBA, MANNHEIM & TONGJI Executive MBA, Mannheim Master in Management Analytics, Mannheim Master of Accounting & Taxation, Company Programs, Open Courses, and Summer programs, MSc Management and MSc Economics and Business Education.
Bachelor’s in the management field offered at Mannheim include BSc in Business Administration and BSc in Economics and Business Education.
Students can do a doctorate at MBS, by two methods, namely, Centre for Doctoral Studies in Business (CDSB) Ph.D. programs in the Areas of, Accounting, Finance, Information Systems, Management, Marketing, Operations Management, etc. Doctoral Program at a Chair.
MBS has got another campus that allows students to pursue executive education as well.
Mannheim Business School Campus and Residence
Centrally located at the upper side of the Mannheim Squares lies the Mannheim Schloss which serves as the home to the University of Mannheim.
The school’s campus is mainly based in the baroque palace in the center of the city which was built between 1720 and 1760 by Charles Theodore, Elector of Bavaria.
With its 450 meters long façade and six hectares of enclosed space, its dimensions exceed even those of the Palace of Versailles.
Almost half of the most important German companies are located within a 250-kilometer radius of the Mannheim campus.
Business School of University of Mannheim’s students may join the two student committees they offer for Management and Economic & Business Education.
Other than this, the students may also participate in events, clubs, athletics, etc.
It has approximately 3,500 students. Business School comprises 19% international students out of which 50% female students.
Mannheim as a city has a lot to offer with its concerts, museums, and theatres. The area also is an excellent location from an economic viewpoint being home to several multinational companies from different industries and attracting numerous foreign companies.
University of Mannheim students may reside at Studierendenwerk. They provide 3,200 rooms in form of apartments or a single room in a residence hall, situated in a traditional working-class neighborhood, or an upscale suburb. Most rooms are furnished and connected to the university’s computer center, which makes internet surfing free of cost. Price also includes heating, hot water, and hall cleaning.
Mannheim Business School Application Process
Application Portal: Click Here to Download the Form
Application Fee: 130 EUR
Basic Admission Requirements
An internationally recognized academic degree in any discipline
A minimum of B+ average
GMAT: a minimum score of 600
At least 3 years of postgraduate working experience
Proof of English Language Proficiency
Proof of German Language Proficiency (for particular programs)
Letter of Motivation (500 words)
References
Interview
German Student Visa
English Proficiency Requirements
Mannheim Business School Cost of Accommodation
The cost of living in Germany when enrolled at the institute includes accommodation rates, books, food, health insurance, etc. The tuition fees for various programs offered by Mannheim Business School are tabulated below:-
| Expenses | Amount (EUR) |
|---|---|
| Tuition fees (MBA) | 39,500 |
| Housing and Meals (estimated) | 10,200 |
| Health Insurance | 800 |
| Books and Supplies | 1,250 |
| Personal Expenses and Transportation | 2,300 |
NOTE:- The amounts do not include transportation, accommodation, and living costs. It varies depending upon the choice of lifestyle and the city you live in and would cost nearly around 750 EUR.
Mannheim Business School Scholarships
- Prodigy Finance Loan Program for International Students: International students accepted into the full-time MBA program are eligible to apply for a loan with Prodigy Finance. Interest rates vary depending on individual applicants.
- Scholarship for Women in Business: The scholarship amount is modest (1,000-2,000 EUR) and awarded on a competitive basis. A decision on whether a student has been successful in obtaining a scholarship will not be made before June 2020.
- Scholarship For The Most Outstanding Candidate: The scholarship is offered to students with a high score on the GMAT or GRE and TOEFL or IELTS (if appropriate), international working experience with excellent foreign language skills (e.g. min. German at B2 level), and social engagement. The amount of the scholarship is 7,000 EUR.
- Deutschland Scholarship: Amount (300 EUR); Applicants for bachelor’s, master’s, and Staatsexamen study courses based on their study performance.
- Opportunity Mannheim Scholarship: Amount (varies); Awarded to students who show high commitment in their program of study despite their difficult financial situation.
- There is an innovative way offered to finance the studies named the Generation Contract of Brain Capital. The students with a minimum income of 30,000 euros receive payment repayable in 10 years. Anyone having even lower income gets limited repayment facilities.
Mannheim Business School Placements
- Over 90% of the graduates (in 2018) got job offers within three months of their graduation and 75% of international students continue their career in Germany after completion of the course.
- Amazon, BASF, Daimler, Danfoss, Microsoft, SAP, PwC, McKinsey, Volocopter, and Würth are few names of the prestigious companies which recruit MBS students after completion of their studies.
- The center for career development provides individual career coaching, company visits, soft skills enhancing workshops, training for writing CVs and cover letters.
- Career weeks and company recruitment fairs are also organized to help the students gain their dream jobs.
Some of the average salary figures of the MBS graduates are as follows:
| By Area/By Degree | Average Salary in USD |
|---|---|
| Financial Services | 131,000 |
| Consulting, Accounting and Professional Services | 58,000 |
| Masters in Finance | 167,000 |
| MBA | 119,000 |
The institute has a career network that allows the students and employers to connect and gather exposure. The career network includes services, such as application checks, job fairs, a central calendar of events at the University, CV-Book, Job Board, etc.
Master’s students have been recruited in companies like Samsung, WURTH, Roche, Allianz, and more. Nearly 96% of Master’s students find a job within 3 months after graduation.
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