MBA in Germany
The Master of Business Administration is a degree intended to present students with a broad set of skills and understanding pertinent to business and management. Since administrative and business-forming manoeuvrings are vital for every company, MBA graduates possess high job opportunities and innumerable career possibilities. Universities around the world handpick the best minds and expertly mould them into potential leaders. Nevertheless, there are MBA universities in some countries that stick out from the multitude. German universities are with no ambiguity covered in that list.
Benefits of Studying in Germany
An MBA degree from Germany will furnish you with a thorough understanding of several elements and importance in executing ideas and operating a business. Furthermore, MBA courses in Germany are profoundly research-directed in learning programmes. Therefore, you will get introduced to several real-life encounters where your analytical thinking and decision-making process might develop. As an outcome, you will be employed by top German and overseas companies to solve global management issues. It is not difficult to understand why selecting German universities for obtaining an MBA degree is an exceptional pick. Also, completing a Master’s degree from Germany is less costly than other European universities.
No. of Intakes For course
The MBA Universities in Germany usually have two intakes in a year.
- Winter Intake starting from September/October
- Summer Intake, which begins on March/April
Want to know which school is the best fit for you?
Take Our Free Profile Evaluation Now!
Visa Process For Students In Germany
You can apply for a German student visa at the German embassy, consulate or other mediating application offices in your country. The acceptance of your application is based upon the details and the documents you present. However, these documents should be sent as originals, followed by two copies of each.
There are three types of Germany student visas you can apply for:
German Student Visa (Visum Zu Studienzwecken)
It is the general student visa for international students who have been accepted into a German university and received the confirmation letter to begin their studies.
German Student Applicant Visa (Visum Zur Studienbewerbung)
This visa is applicable for those who wish to stay in Germany to look for or apply for university admission. However, this visa doesn’t permit you to study in Germany. It is valid only for the application process to any university.
German Language Course Visa (Visa for Language Learning)
This visa is only required if you want to pursue a course that is only available in the German language. In conclusion, you need not apply for this visa if the MBA program is taught in English.
Some of the required documents to apply for a German visa are:
- National visa application forms
- Valid national passport
- Two biometric photographs
- Proof of admission into a study programme
- University admission acceptance letter
- Letter of admission in the foundation and propaedeutic course
- CV/Resume followed by evidence of current or previous internship or work experiences.
- Previous Schengen visa (if applicable)
- Your certificate of birth
- Previous German resident permit (if applicable)
- Scholarship awarding certificate (if applicable)
- Covered health insurance valid up to three months at least
- Proof of English language proficiency such as TOEFL/IELTS
- Blocked account as proof of financial resources
A blocked account is a form of bank account used by international students in Germany to show that they have sufficient funds to live in Germany for a year during their studies. You need to show proof that you have around 10,300 EUR to cover your cost of living.
The application process for a German student visa
First, you need to apply for a visa at the German embassy or a consulate in your country. Review the requirements, procedures and documents involving the application before applying. Further, you have to set up a visa appointment interview. You need to pay the visa application fee of around 60-75 Euros and carry the payment confirmation receipt with you during the visa interview.
Work Visa After Completing MBA in Germany
While the EU nationals don’t need any special approval, students with International Passport need to appeal for a Residence Permit after completing their MBA from a German University. Students can get a Residence Permit of up to 18 months to seek a job after completing their post Masters. The permit doesn’t come connected with the Student Visa for Germany. Meanwhile, you should apply with the foreign national’s registration office in the area after consummation of your graduation for this document.
Some of the Documents Required are:
- Passport or a personal ID
- University Degree or “Nachweis” from German Institute
- Health Insurance
- Proof of financial resources.
So, if you are thinking to study in Germany, you would have adequate possibilities to look for a job opportunity and obtain a fitting profession. Furthermore, if you have a proposition of work that is relevant to your criterion before you finish your graduation, you can immediately apply for a Residence Permit or an EU Blue Card.
Want to Know How We Can Help to take Your Masters Application to Next Level?
Check Our All In One Service!
Eligibility Criteria to Study MBA in Germany
German universities are classified into two types: public and private. Every university has varying eligibility criteria for MBA in Germany. It is permissible to pursue an MBA in Germany without any work experience, unlike in several countries where previous work experience is a requirement for admission to an MBA degree.
- A bachelor’s degree with a 60% aggregate academic score equivalent to a German Bachelor’s degree in allied subjects.
- Proficiency in English. Applicants from a non-English speaking country have to prove their English proficiency. The German Universities accept proficiency tests scores of IELTS and TOEFL.
- A valid score in GMAT/GRE is acceptable. Various universities accept the score of multiple exams. Since several German universities solely need an adequate TOEFL score, it is plausible to apply for an MBA in Germany without GMAT.
- A fundamental understanding of the German Language is essential. However, several universities offer an MBA programme in English, but one should have a particular awareness of the German language to be accepted.
Entrance Exams Required to Get Admission in German MBA
Each of the tests has its significance and objective. Acceptance of entrance tests differs for each university and the programme that you prefer. Similarly, universities might have various language needs for which they may elect a distinct language test.
Test of English as a Foreign Language (TOEFL)
TOEFL is an English certificate globally acquired and can be carried out as a paper-based test or an internet-based test. It contains four parts: reading, listening, speaking and writing with a maximum of 120 points.
International English Language Testing System (IELTS)
IELTS is accepted universally in all English-speaking countries, along with several English-taught programs throughout the world. Furthermore, IELTS test scores are also used as language proof for obtaining working permits in addition to immigration.
Graduate Record Examination (GRE)
Business and Management schools worldwide accept the Graduate Record Examination. This entrance text examines you in the areas of verbal reasoning, quantitative reasoning and analytical writing. Hence, many universities in Germany accept the GRE scores as a requirement for admission.
Graduate Management Admission Test (GMAT)
Graduate Management Admission Test is a chosen and entrusted portion of the admissions process for over 6000 business and management programs worldwide. Further, the test comprises analytical writing evaluation, integrated reasoning, quantitative reasoning and verbal reasoning.
Test Deutsch als Fremdsprache (TestDaF)
It is a proficiency test for the German language. It is commonly taken by students for whom German is a foreign language, and aspire to pursue a degree taught in German. The test is an internationally recognised German language proficiency test.
Deutsche Sprachprüfung für den Hochschulzugang (DSH)
Similarly, the DSH is a regulated test structure for German language ability. However, unlike TestDaf, DSH can only be taken in Germany. It comprises listening, reading comprehension, writing, using science and study-relevant language, and the final part is an oral test.
MBA in Germany without GMAT
GMAT and GRE are the popular entrance tests that are required by various universities for admission. However, if you were unable to score well in these exams but still looking forward to studying in Germany, there is still hope for you. Some universities in Germany accept students for an MBA program without GMAT/GRE score. For instance, many universities intake students on the basis of their professional work experiences.
Here are a few institutes with their admission criteria.
- Technical University of Munich
Any candidate having proof of 4-5 years of work experience can apply for the Executive MBA program offered at this university. Also, one can apply in TUM throughout the year as admissions are offered on a rolling basis.
- MBA at Berlin School of Economics & Law
In this university, the GMAT score is not required. However, it is mandatory for the applicant to have 3 years of work experience to apply for the Full-Time MBA program.
- Cologne Business School
International students are not required to submit GMAT/GRE scores to study MBA here.
Cost of studying MBA in Germany
Keeping all the other expenses aside for the moment, let discuss the total cost that you will incur for studying MBA in Germany. The cost of studying includes the application fees, tuition fees, exam costs, memberships etc. Moreover, this list only includes the study cost and living costs and expenses are discussed later. Here is a list to help you with the total cost of studying in Germany
- Program Application Fees: 145 EUR
- German Student Visa Application Fees: 75-84 EUR
- Health Insurance: 90 – 180 EUR
- IELTS: 185 – 190 EUR
- TOEFL: 160 – 250 EUR
- GMAT: 250 EUR
- GRE: 205 – 230 EUR
Since there are no tuition fees in public German universities, it is not included here. That is zero cost.
Scholarships for MBA in Germany
While the public universities in Germany do not charge any tuition fees, private universities can easily cost you a good sum during your stay. Plus, other living expenses are always adding up to your costs. To your relief, some scholarships can help reduce the financial burden. International students in Germany may apply for a number of scholarships, both privately supported and government-funded.
Below you can see some of the popular scholarships in the German universities for international students.
- Frankfurt – FS MBA Scholarship: Partial tuition fees
- DLD Executive MBA Scholarship: Selected students will get to study MBA with a scholarship of up to 23,000 EUR
- WHU – Otto Beisheim Graduate School of Management: Up to 10,000 EUR scholarship for international students, pursuing MBA
- EBS – Deutschlandstipendium: 336 EUR per month
There are also government-funded scholarships available such as:
- DAAD Scholarships: It is a government-funded scholarship available to international students studying in Germany for various programmes. Beneficiaries can get 750 EUR per month for living expenses and 1,075 EUR as travel allowance and health insurance.
- HHL Young Leader Scholarships in Germany: This scholarship provides partial funding to eligible candidates from all nationalities with at least 25% of the tuition fees.
- Erasmus+ Scholarships: These are the largest scholarship providers that fund international students across European nations for different degrees.
- ESMT Women’s Academic Scholarship: Scholarship up to 15,000 EUR offered by the European School of Management and Technology for female students worldwide. It is necessary to have a GMAT score of 700 or higher.
Jobs for MBA in Germany
Depending upon the specialization, an MBA graduate can land a job in sectors like Finance, Consulting, Technology, Ecommerce, Education, Automotive, and Marketing. However, Small and Medium-sized Enterprises (SMEs) also help in forming the backbone of the German economy by contributing to 51% of GDP. These SMEs help in the creation of around 250,000 jobs where MBA graduates can work in. Some of the popular job profiles along with the average salary:
- Consultant: $158,000
- Business Development Manager: $191,000
- Strategist: $218,000
- General Manager: $183,000
Top Universities That Offers an MBA in Germany
|University||Course Fee as of 2021||Duration|
|Frankfurt School of Finance & Management, Frankfurt||39,000 EUR||12 months|
|HHL Leipzig Graduate School of Management, Leipzig||38,000 EUR||15 to 21 months|
|Mannheim Business School||39,500 EUR||12 months|
|WHU – Otto Beisheim School of Management, Vallender||40,500 EUR||12 months|
|European School of Management and Technology ( ESMT), Berlin||43,500 EUR||12 months|
|GISMA Business School, Hannover||23,000 EUR||12 or 24 months|
Living Cost in Germany
When opposed to other European countries, Germany is not that costly for international students. The prices of food, housing, clothing and other activities are a little expensive than the EU standard. On average, students in Germany spend about 850 EUR per month on the cost of living. The cost will differ depending on the city where you will be residing. The cost mentioned above is a culmination of factors such as rent, food, clothing, health, transportation etc.
The most significant monthly expense will be your rent. Nevertheless, rents in German cities differ broadly. Students pay between 290 and 560 EUR per month for housing contingent on their higher education institution. In a few large cities such as Cologne, Munich, Hamburg and Frankfurt and Main, rents are costlier than the standard. Most students live in a student hall of residence or a shared flat. Owning a flat is quite expensive.
Overall Expenses (average)
- Rent and utilities: 320 EUR
- Food: 170 EUR
- Travel Costs (public transport and cars): 94 EUR
- Health insurance and medical costs: 80 EUR
- Phone, Internet, TV: 31 EUR
- Leisure and sports and entertainment: 61 EUR
- Clothing: 42 EUR
Note: Living cost may vary according to the lifestyle choices and the place you wish to live. These are the approximate amounts.
German Salary After MBA
“Starting at 60,000 EUR, MBA salaries have grown quite a lot,” describes Melanie Janke, head of corporate relations and the career service at HHL Leipzig Graduate School of Management in Germany. According to the QS Top MBA Jobs and Salary Trends, the average MBA salary in Germany is $78,158.
Similarly, some of the top sectors with the highest average base pay are:
- Executive MBA: $131,000 per year
- Masters in Finance: $130,000 per year
- Masters in Management: $124,000 per year
The Average Base Pay for an MBA graduate in Germany is around $99,000 to $125,000 per year.
In comparison to the rest of the world, Germany has been improving steadily. Besides, the term German engineering requires no additional debut. Germany also contributes to the business world with its marvellous administration degrees.
Germany’s management degree has obtained more increased traction in recent years. Pursuing an MBA in Germany is a stepping stone to a brilliant career in any organisation. Specially designed MBA programmes in Germany are pushing the limits of conventional management degrees by contributing to a variety of business and management fields. Germany is moreover among the most chosen place for studying overseas. The fact that the students can pick from such a comprehensive collection of MBA courses has placed Germany on the global education map.
You Might Also Like
Management schools emphasize the previous work experience of students as the aim is to create an environment of learning with various different ideas and inputs at the same time.