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Masters in Management In Germany

No language barrier: Germany offers most of its management courses in English language and requires the candidates to pass an English proficiency test. Easily available part-time jobs: In Germany students can earn while studying to bear their miscellaneous expenses since part-time jobs are easily available with justifiable salaries.

Applying for MiM in Germany?

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Germany is the third most popular destination among international students in the world. More than twelve percent of students at German universities come from abroad.

Germany is an attractive place to study and German university degrees are highly respected by employers worldwide. Also, students normally don’t have to pay tuition fees at German universities, and if so, the fees are very low. Its master programme fee is not as high as in other countries like say in the MiM in UK or MBA in USA.

Also, some of its top universities like WHU Beisheim, EBS school of Management, Mannheim Business Schools are ranked among top 100 B-schools in the world as per FT MiM rankings which makes Germany an attractive place to study.

Germany is known for its cheap and affordable education. There is no tuition fee at public universities in Germany at all. Plus the private institutes too cost a low fee structure and other costs than your academics are also cheap.

Top MIM Colleges In Germany

 University of Mannheim

University of Mannheim

Mannheim, Germany

Course Details-
• MiM from Mannheim is a two-year full-time program divided into 4 semesters.
• The fee of each semester for Non-EU students is €1,500.
• You can get an average Salary of €65,965 after completing the degree.

Eligibility-
• An undergraduate degree with at least 36 ECTS from the field of business administration.
• A GMAT with a minimum of 600 points or equivalent GRE result.
• Knowledge of German if you apply for the German-English track.

Class Profile

Average Age : 23-24 years
Class Size : 298
Average Work Ex : 1 Years
Average GMAT : 650
Average GPA : 3.52

More About Mannheim

HHL Leipzig Graduate school of management

HHL

Leipzig, Germany

Course Details-
• The Master in Management from HHL is a comprehensive, self-paced 21-24 months program.
• MIM from HHL costs around €32,000 but, if you apply early you can get up to €4000 off.
• The average Salary after completing the course is €69,000.

Eligibility-
• Bachelor degree with a minimum of 180 ECTS credits.
• A GMAT score of 600 or higher.
• A minimum TOEFL score of 90 or a Bachelor degree completed in English.
• 3 or more months of professional experience by the program’s start date.

Class Profile

Average Age : 24 Years
Class Size : 60
Average Work Ex : 1.5 Years
Average GMAT : 620
Average GPA :

More About HHL

WHU – Otto Beisheim School of Management

WHU Business School

Vallendar, Germany

Course Details-
• MiM from WHU is a 21 month full-time program divided into 4 semesters.
• MiM from WHU Otto Beisheim costs around €33,200.
• You can get an average Salary of €101,100 after completing the degree.

Eligibility-
• Bachelor’s degree with at least 180 ECTS credits.
• A GMAT score of min. 600of higher, GRE (min. 155/155).
• TOEFL English language proficiency test with a score of at least 100 or  IELTS of at least 7.0.
• Practical experience (min. 12 weeks of 480 hours of internship or summer exchange)

Class Profile

Average Age : 23 Years
Class Size : 121
Average Work Ex : 1 Year
Average GMAT : 640
Average GPA :

More About WHU

ESMT Berlin

ESMT Berlin

Berlin, Germany

Course Details-
• MiM from ESMT Berlin is a two-year full-time program divided into 4 semesters.
• MiM from ESMT Berlin costs around €29,500.
• You can get an average Salary of €54,522 after completing the degree.

Eligibility-
• A degree in any discipline with excellent grades.
• GMAT or GRE is optional but may be requested in certain cases by the Admissions Team.
• Ideally no more than 18 months of  work experience.
• The average GMAT score should be 640 or more.

Class Profile

Average Age : 23 Years
Class Size : 106
Average Work Ex : 1 Year
Average GMAT : 640
Average GPA :

More About ESMT

Frankfurt Business School

Frankfurt Business School

Frankfurt, Germany

Course Details-
• MiM from FSFM is a two-year full-time program divided into 4 semesters.
• MiM from FSFM costs around €33,000.
• €53,400 is the starting salary of MiM graduates. With €7,200 as average bonus.

Eligibility-
• First academic degree (Bachelor or Diploma) of at least 180 ECTS credits, irrelevant of discipline.
• Excellent written and spoken English (TOEFL – 90 or IELTS 7.0 or equivalent).
• Valid GMAT or GRE with good quantitative results.

Class Profile

Average Age : 23 Years
Class Size : 324
Average Work Ex : 1 Year
Average GMAT :
Average GPA :

More About FSFM

EBS Business School

EBS Business School

Wiesbaden, Germany

Course Details-
• The Master in Management from EBS is a comprehensive, self-paced 16-20 months program.
• Fee for its 20 months program is €26,040 and for 16 months its €18,090.
• €64,000 is the starting salary of MiM graduates.

Eligibility-
• Bachelor’s degree with at least 180 ECTS or an equally acknowledged degree.
• Proof of at least 8 weeks of practical experience.
• A valid TOEFL result with at least 90 score, or IELTS with min. 7 bands.
• Valid GMAT or GRE with good quantitative results.

Class Profile

Average Age : 26 Years
Class Size : 188
Average Work Ex : 1.5 years
Average GMAT :
Average GPA :

More About EBS

TUM School of Management

TUM Business School

Munich, Germany

Course Details-
• MiM from TUM is a two-year full-time program divided into 4 semesters.
• Since it is a Public University there is not tution fee charged.
• You can get €50,000 salary after completing MiM.

Eligibility-
• Applicants must hold a Bachelor’s degree in Engineering or Natural Sciences.
• Proof of sufficient English and German language skills must be submitted.
• One also need to provide a current GRE or GATE Score cards.

Class Profile

Average Age : 24 years
Class Size : 123
Average Work Ex : 1.5 years
Average GMAT :  –
Average GPA :

More About TUM

MSc in Management or Masters in Management(MiM) has a deep relation with the European continent and Germany is one of the countries which boasts a number of schools offering the degree.

Germany is the third most popular destination among international students in the world. More than twelve percent of students at German universities come from abroad.

Germany is an attractive place to study and German university degrees are highly respected by employers worldwide.

Also, students normally don’t have to pay tuition fees at German universities, and if so, the fees are very low. Its master programme fee is not as high as in other countries like say in the UK or USA.

Also, MS in germany in some of its top universities like WHU Beisheim, EBS school of Management, Mannheim Business Schools are ranked among top 100 B-schools in the world as per FT MiM rankings which makes Germany an attractive place to study. You can check out current rankings here.

Cost of Living in Germany For Students

The cost of living in Germany is reasonable. The cost of food, rent, clothing, and cultural activities are equivalent to the EU average. There are also a number of concessions available to students. You can receive reduced prices at theaters, museums, opera houses, cinemas, swimming pools, and other institutions. All you have to do is present your student ID.

Monthly housing costs vary between €650 and €700. Options vary from single rooms to apartments. Average monthly food expenses are around €150. If you conclude, Germany is not a costly place to live and have your studies done. It is way cheaper than other countries and Germany focuses greatly on international students.

Student Visa for Germany

ms in germany visa

The German government has created a fairly simple process for students to travel to their country and pursue higher education. In order to apply for a study visa, students need to first be accepted by a university in Germany. Once an acceptance letter, or something equivalent, has been received by the student they are now eligible to apply for a student visa permit.

A student visa is required for any of the following study types

  • Full-time academic studies – a standard university course which on an average, spans about 3 years
  • German language course (for study purpose)
  • Studienkolleg – course attended by students who do not hold a school-leaving certificate from a recognized board
  • Propaedeutic course
  • Mandatory preliminary internshipIt is important to note that students who belong to the European Union do not require to apply for a student visa.

There are different types of student visa that you can apply for depending on your purpose or current admission status

  • Language Course visa – applicable to students visiting Germany in order to complete a language course for a time period of 3-12 months.
  • Student Applicant Visa – applicable to students planning to study in Germany, but looking for the right course or waiting for admission confirmation from the applied university.
  • Student Visa – a standard study permit, applicable to students already admitted to a university in GermanyHaving decided on the visa type, the following documents need to be submitted with your visa form
  • Valid passport
  • The previous Passport, if applicable
  • 2 recent portrait photographs
  • Proof of admission
  • Authentic certificates of previous education
  • Means of sustenance proof
  • Health insurance
  • Motivational letter, with reason to study in Germany and future career plans
  • Proof of visa fees payment
  • Proof of German language proficiency (for German-only and mixed language studies)
  • Proof of English language proficiency (TOEFL, IELTS, etc.)Holders of student have the following privileges
  • They can live in Germany and pursue a course in the local college or university
  • They are eligible to ask for an extension of their stay in Germany in case the course takes longer to complete
  • The students are allowed to work part-time for 120 working days/yearThey can apply for a residence permit if they plan on working in Germany after graduating

Work while studying in Germany

It is legal to work in Germany with a student visa, but students are restricted to the number of days they can work while doing their MS in Germany. This is 120 full days each year or 240 half days. Students from the EU can work for up to 20 hours per week without the need for a work permit.

 Although the overall cost of a student experience in Germany is not high compared to other countries. But if you still want some financial support, remember Germany is an industry hub. Providing you many opportunities to support you in your studies financially.

Watch this detailed YouTube video on 

Master in Germany | Top Universities |Tuition Fees | Average Salary |

Government – Funded scholarships to study in Germany

Scholarships to Study in Germany

  • DAAD Scholarships

    The German Academic Exchange Service (DAAD) offers many scholarships for international students to study MS in Germany at various degree levels. To know more you can check out the link – DAAD Scholarships

ms in germany DAAD
  • Erasmus+

    The largest provider of scholarships for study in the EU, Erasmus+ is led by the European Commission, funding international students to study in Europe. It provides grants for living costs when participating in an exchange program to study in Europe

ms in germany erasmus

Non-Government funded scholarships to study in Germany

  • Deutschland Stipendium– Merit-based scholarships of €300 a month are available to highly talented students enrolled at German universities. Nationality and personal income do not affect your chances of being considered.
  • The Helmholtz Association– Annual fellowships are available for doctoral and postdoctoral students from around the world, giving them the opportunity to do paid research at a Helmholtz center.

University-specific Scholarships For MiM in Germany

  • HHL International MSc Scholarship for Effective and Responsible Leadership – Scholarship opportunities to study management at the master’s level at HHL Leipzig Graduate School of Management.
  • Frankfurt School of Finance and Management Doctoral Tuition Waivers – 10 tuition waiver scholarships for doctoral students studying an English-language program at Frankfurt within finance, accounting, mathematics and business administration to name a few.

Top German B-Schools

1. HHL Leipzig Graduate School of Management

ms in germany HHL Leipzig Graduate School of Management

The school situated in Saxony, Germany was founded in 1898, making it the oldest business school to exist in the world. Their course load involves post-graduate and doctoral courses. The school force is small with only 60 academic staff members and 650 post-graduate students. Despite their small size, they have been able to make it in the top of most ranking lists in the business school category.

In 2015 more than 40% of the M.Sc. graduates started their career in Consulting so it remained by far the most popular sector. Nearly 15 % of the graduates chose an entry position in the Financial Services sector As for the remaining 45%, the sector choice is very diverse in the latest placement statistics which shows that the General Management approach of HHL gives graduates a wide range of career options.

  • Average starting salary: EUR 61,000
  • Employment rate 3 months after graduation: 95%

2. EBS University

ms in germany EBS University

EBS is ranked 12th in Master in Management as per FT 2016 rankings for MiM Program. The only B-school for MS in Germany to accept non-business graduates for its master program. The average starting salary of master graduates is 58,000 euros. 80% of graduates received their first job offer while studying or at the latest 3 months after the completion of studies with majority of student finding job in Consulting sector followed by Finance and rest choose to work in diverse fields.

  • Mean starting salary: EUR 61,629
  • Employment rate 3 months after graduation: 85%

 

3. WHU Master in Management

ms in germany WHU Otto Beisheim School of Management

Otto Beishiem School of Management is one of the most elite schools and considered a very selective business school when it comes to their admission process. The school is fairly young, established in 1984, but it has been able to cement a name for itself in the list of top business schools. The Otto Beishiem in its name comes from the founder of METRO Cash and Carry Group.

Annually, more than 50 companies are active on campus through corporate presentations. Two recruiting fairs happen, one in February and one in October.

Students also receive weekly newsletters with information on job & internship opportunities, alumni network, corporate connections etc. 95% of the students found job opportunities within 3 months of graduation.

Some corporate connections include McKinsey, Boston Consulting Group (BCG), Goldman Sachs, Accenture, Morgan Stanley, PricewaterhouseCoopers (PwC).

  • Average Salary (Weighted): Eur 88,391
  • Employment rate 3 months after graduation: 98%

Is MiM in Germany worth it?

MS in Germany is a little tricky to understand. Is it worth it? Is it any better than any other place’s masters? Is it easier?

Let us clear 1 point at the very start, Germany is not the USA. It does not mean Germany has any less functionality to provide education. What it means is a Masters in Germany is followed by a different approach compared to the USA’s study pattern. Here are some major points to clear your doubts:

Lot Tougher to Graduate Than USA

While the USA focuses on other aspects of a student life, Germany follows a tender and expert way to educate students. You will find that students take several attempts to clear exams and dedicate way more to excel in their studies. You will be put through several obstacles and tests to prove your worth. German study pattern tends to provide a relaxed yet challenging process to navigate students toward the future.

It’s either up to you if you take it as positive motivation or negative, but it sure does provide you better results in your studies than your social experience. 

Cheap & Affordable

Germany is known for its cheap and affordable education. There is no tuition fee at public universities in Germany at all. Plus the private institutes too cost a low fee structure and other costs than your academics are also cheap.

Your social life would not get financial trouble as well as Germany is not that costly as you might think. It’s quite reasonable and affordable. 

Industry Hub

Everyone who knows seven a little about Germany knows what kind of industrial ub and opportunities it consists of. WE would probably even state Germany as the best place to experience industrial experience while pursuing your studies. German institutes tend to provide many possible benefits of dynamic and overgrowing industry experience to its MS in germany pursuing students. By live projects and numerous tours and visits you will be in direct contact with industrial thinking and working. 

Working and learning from industry in your student life is a fortune and not to be missed. Institutes in Germany have several affiliations and partnership with world leading companies and firms. Your academic aspects collide with this aspect to develop and improve your studies and experience in Germany. You will find students working on advanced infrastructure and technology and equipment to learn and create.

Just a reminder, you know Germany is the world’s automobile ub right?

Not The Experience You Expect

If you believe you will have a time of your life in Germany by traveling to major points and experiencing food and culture you are mistaken. Of-course you will have a blast, built not as you expect. Studies in Germany generally involve more focus on studies and less on social life. You will be given tons of assignments and projects to work with. Your study pattern will be laid back with keeping you involved in learning on a daily basis.

Life in Germany is definitely cool and awesome, but as a student you are on a budget to complete your studies and gain experience. For a more suitable social life students prefer London, France or USA based institutes for their studies. Here in Germany too you will be experiencing an unforgettable  time of your life. It just will not be socially derived, it will be studies derived.

Conclusion

To conclude if MS in Germany is worth it or not we will state; YES! It’s definitely worth it as you as a student want more focus on your studies compared to social life. Social life is super important, everyone knows that and the amount you deserve will be provided in Germany. Just not as compared to major student destinations.

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FAQ’s

How much MS in germany cost?

MS in Germany does not usually cost much as most of the universities are state-funded by the German government and the tuition fees are exempted. The students need to fill in only their 3, 369 to 12, 636 euro enrollment fees as they enroll in the university. Given all this, students must consider their living expenses and manage them.

What is the salary after MS in germany?

The MS in germany in any elective is a golden opportunity for an individual to grow and learn. But the most importantly, a person’s salary after MS will be high with a starting payscale of 103,000 EUR/ year. And such a paygarde is very rewarding for an individual and they can get a high return on their MS degree.

Do we get jobs after MS, in germany?

Yes, after completing your MS in germany one can stay back and look for opportunities here. The students from  EU and non EU countries who hold a residence permit can stay back and look for job opportunities for 18 months as they get their visa extended.

Can Indians get a job after compelting MS in germany?

The Candidates have two options as to consider after MS in germany. The Indian stduents acn stay back in Germany and get their visa extended to get a job opportunity in Germnay or they can return back to India and have plenty of opportunties at hand.

Is Germany free for MS?

Germany is a great option for people who are considering free sources for MS but it inevitably comes at the living expenses and how much a candidtae has in store to manage their living expenses.