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7 crucial reasons why you should do your MBA in Germany

An MBA is a management degree that serves as a stepping stone into the corporate world. This degree will be an appropriate choice for you if you want to broaden your horizons by completely changing your career path or if you are a working professional trying to move up the corporate ladder. What better place than a thriving economy like Germany to undertake this programme? This country is ideal for aspiring individuals because it is home to some of the world’s largest multinational businesses, allowing you to acquire a head start in the corporate world. An MBA in Germany will help you experience a rigorous academic program that prepares students for dynamic roles in the business world. Along with highly affordable education, Germany also provides students with numerous job prospects after MBA completion.

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7 crucial reasons why you should do your MBA in Germany

There are numerous reasons why pursuing an MBA from Germany will be the perfect move for you to accelerate your career. Here are seven crucial reasons that will convince you to pursue a business degree from Germany:

Study in Germany

1. Affordable tuition fees

When planning to study abroad, the financial aspect is often the primary concern of students. Students are often hesitant to apply to international universities since tuition rates have skyrocketed in the present years. Although German colleges do not provide free MBA programmes, they are still less expensive than those offered in other parts of the world. For instance, you’ll have to shell out approximately $2,00,000 to pursue an MBA from a US university. On the other hand, to get an MBA degree from Germany, you’ll have to spend $55,000 at the most.

2. Quality education

German universities lay immense focus on both theoretical and practical aspects of learning. The course structure of their business programs is regularly revamped to keep up with the constantly changing business environment. The universities also have experienced faculty members who encourage students to learn through real-world experiences received with the help of mandatory internships.

3. Great job opportunities

Due to Germany’s booming economy, international companies like SAP, Siemens, Deutsche bank are constantly recruiting MBA graduates from German universities. Students can take up crucial positions in actors like technology, Consulting, and finance. Moreover, students get an average salary of $1,25,000 after pursuing an MBA from Germany.

4. No language barrier

Students will indeed have an excellent opportunity to learn the German language and challenge themselves in the entire process. However, a student does not need to be fluent in the language to study in Germany. Students at top-ranked German universities can study the MBA programme in English, which alleviates the stress of learning a new language.

5. Numerous programs

Germany has the world’s fourth-largest economy and makes considerable investments in research and development every year. As a result, German universities allow students to choose from a wide range of specializations to prepare them for dynamic jobs in the business world. Students can pick from a variety of disciplines while pursuing MBA at any of the top German universities. They can choose from popular specializations like finance, marketing, strategy, or unconventional leadership management, innovation, and entrepreneurship.

6. High ranked universities

German business schools offer some of the most prestigious business programs in Europe. They offer globally recognized MBA programs, and the below-mentioned schools rank in the top 100 MBA programs list according to the QS World University rankings:Mannheim Business School
Frankfurt School of Finance & Management
WHU (Otto Beisheim)
ESMT Berlin

7. Plethora of scholarships

In addition to offering highly affordable MBA programs, Germany also provides various scholarships to international students to further ease the financial burden. The DAAD is the largest German support organization that offers multiple scholarships. Additionally, there are plenty of scholarships offered by private universities as well.

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Top 10 Universities for MBA in Germany

German Universities

University

Tuition fees

Duration

Mannheim Business School

$59,975

1 year

Frankfurt School of Finance and Management

$47,253

1 year

WHU-Otto Beisheim Graduate School of Management

$45,000

1 year

European School of Management & Technology (ESMT)

$48,285

1 year

HHL Leipzig Graduate School of Management

$38,772

1 year

European Business School

$28,492

1.4 years

Munich Business School

$12,500

1 year

Technical University Munich

$46,294

2 years

University of Cologne Executive

$66,047

2 years

Business School Pforzheim

$15,800

1.8 years

 

Eligibility

German universities accept students from almost all disciplines for their MBA program. One common eligibility criterion for MBA in Germany is having a bachelor’s degree from a recognized university. Apart from that, each university’s minimum eligibility requirement is different.

1. Mannheim Business School

Mannheim Business School requires the MBA applicants to have a minimum of three years’ work experience and an internationally recognized degree with a minimum grade of B+. The university also requires a minimum TOEFL score of 95 or 7.0 on the IELTS exam. If students have a minimum score of 650 on the GMAT exam, the university also grants them a waiver of €200.

2. Frankfurt School of Finance and Management

Students should have a bachelor’s degree or equivalent, along with three years of employment experience after graduation. Students are also required to provide their GMAT or GRE scores and a minimum score of 90 on the TOEFL iBT, IELTS 7.0 or equivalent.

3. WHU-Otto Beisheim Graduate School of Management

Graduates with a bachelor’s degree or equivalent from an accredited college or university and a strong understanding of business management, economics, and mathematics are qualified for the MBA programme at WHU. In addition, you must have at least 12 weeks of relevant work experience, as well as a TOEFL or IELTS score and a GMAT/GRE score.

4. European School of Management & Technology (ESMT)

Students must have at least three years of postgraduate professional experience studying at ESMT and a bachelor’s degree or equivalent certification. A strong GMAT is required (average score: 640) in addition to a minimum TOEFL score of 95 or IELTS score of 7.0.

5. HHL Leipzig Graduate School of Management

The MBA program offered by HHL Leipzig requires candidates to have a minimum work experience of 3 years and a recognized bachelor’s degree.

6. European Business School

In addition to a strong GMAT/GRE score, a minimum GPA of 3.0 on a 4.0 scale is also required. It’s also necessary to have a TOEFL score of 89 (internet-based), an IELTS score of 6.5, or a PTE score of 59. Before being accepted into the MBA programme, students must additionally attend an interview with the dean. Students who want to apply for the MBA dual degree programme must have at least two years of professional job experience apart from the requirements mentioned above.

7. Munich Business School

Munich Business School requires students to have a bachelor’s degree in any discipline along with a relevant work experience of at least two years. The minimum TOEFL score required is 85, and that for IELTS is 6.5.

8. Technical University Munich

To apply to TUM, graduates must have a minimum work experience of 4-5 years. Applicants need to submit a motivation letter and application during the admission process.

9. University of Cologne

For applying to the University of Cologne, students should have a minimum German grade of 2.7 in their bachelor’s degree. It is recommended that students also provide the English language proficiency test scores and their GMAT scores with the application.

10. Business School Pforzheim

Students must have an average GMAT score of 550 or an equivalent GRE score and a minimum work experience of two years to be eligible for this program. The TOEFL score required is 100 for the Internet-based test, 250 for the computer-based test and 600 for the paper-based test, or an IELTS score of 7.

Reasons to study in Germany

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Scholarships for MBA in Germany

The MBA program offered by German universities is much less as compared to other countries. Additionally, there is a myriad of government-funded and private scholarships available for international students in Germany:

1. Organization-based scholarship

DAAD Scholarship

DAAD is a German academic service that strives to financially help domestic and international students seek to complete their bachelor’s, master’s, or doctoral studies in Germany. This award provides students with a monthly stipend to help them cover their expenses.
Students must have a bachelor’s degree and two years of work experience to be considered for this scholarship. They must submit a motivation letter outlining their personal and professional reasons for choosing a study programme in Germany.

Erasmus Scholarship

The Erasmus Mundus scholarship programme encourages students to study in Europe. Third-country students are invited to participate in the Erasmus Mundus Joint Masters Degree (EMJMD) programmes offered by top-ranked European universities. The grant also covers tuition, insurance, and any other expenditures associated with master’s programmes.

2. Scholarships offered by private universities

ESMT Full-time MBA scholarship

ESMT offers full-tuition and partial-tuition scholarships each year. The award is provided based on the applicant’s overall profile. Significant job experience, leadership potential, and intellectual prowess are all critical aspects considered by the university. Students can also combine the ESMT scholarship with other scholarships, including German language and GMAT/GRE scholarships.

FS MBA scholarship (Frankfurt)

Frankfurt School of Management provides a scholarship for its various MBA programs like executive MBA, full-time and part-time MBA programs. The institution looks for female leaders in business and international applicants with a strong profile. The candidates are chosen based on their personal and professional accomplishments. When analyzing different profiles, the GMAT scores of the applicants are taken into account, along with essential qualities such as interpersonal skills.

Excellent GMAT result scholarships (WHU)

WHU – Otto Beisheim Graduate School of Management awards numerous scholarships based on a variety of criteria. The scholarship amount is not fixed per se but depends upon the complete profile of the applicant. The award is open to all Full-time MBA programme applicants with a high GMAT score. All they have to do is complete the scholarship application form, submit their GMAT score report, and write a brief essay on their financial condition.

HHL Young Leader Scholarships in Germany

Leipzig Graduate School of Management offers a scholarship for its full-time MBA program that can reduce the total tuition fee by up to 25%. The scholarship mainly focuses on determined international students who showcase outstanding leadership potential. Applicants must have a bachelor’s degree in any discipline, at least three years of work experience and a decent GMAT score. In addition, the candidates must submit the scholarship essay on the given topic with other documents to be eligible for the award.

Women in business scholarship

HHL’s full-time MBA program encourages female students who have an excellent academic record to become torchbearer’s of HHL’s student community. It invites women from all around the world who have strong leadership potential to apply to its MBA programme. This award covers up to 50% of tuition fees and requires a minimum GMAT score of 650.

FAQs

Study in Germany

Q1. What is the salary after an MBA from Germany?

MBA graduates from Germany work in various sectors like finance, consulting, technology, and marketing, to name a few. They take up dynamic roles in these sectors like business development manager, strategist, marketing manager, product manager, and general manager. The average salary of MBA graduates from Germany is around $1,25,00.

Q2. Do we need a GMAT score for an MBA in Germany?

Most MBA colleges in Germany require an average GMAT score of 600. However, suppose you didn’t do well in the GMAT exam. In that case, you can also consider applying to schools that don’t require a GMAT score, like the Technical University of Munich, Berlin School of Economics and Law, Cologne Business School.

Q3. Is an MBA from Germany worth it?

Pursuing an MBA from Germany is a great option, given the affordable tuition fee and flexible immigration policies. As an economic powerhouse, Germany is becoming one of the most popular study destinations, and students will not have difficulty finding a suitable placement post MBA.

Q4. How long does an MBA in Germany last?

A full-time MBA program in Germany lasts for about 12-24 months.

Q5. What specializations are offered for MBA in Germany?

Students pursuing an MBA from Germany can opt from various specializations depending upon their interests and future goals. Some of the specializations that top-ranking German universities offer include the following:
Human Resource
Entrepreneurship
Innovation
Marketing
Leadership
Finance
MBA in International Management

Q6. Is it necessary to have some work experience to be eligible?

To pursue an MBA degree from Germany, you should have at least one year of professional experience. However, it is recommended that students have around two years of relevant experience before applying for an MBA program. For more specific requirements, you’ll have to go through the respective college’s official website.

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