Why study in Germany?

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.

Also, some of its top universities like WHU Beisham, EBS school of Management, Mannheim Business Schools are ranked among top 100 B-schools in the world per FTs MiM ranking of 2016 which makes Germany attractive place to study .. You can check out current rankings here.


  Cost of living

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 €320 and €545. Options vary from single rooms to apartments. Average monthly food expenses are around €150. For more information on additional costs of living, click here.


Student Visa for Germany

To study in Germany for more than 3 months you need to apply for student visa at least 3 months before you move to the country .Once in the country you will need to apply for residence permit within two weeks of arrival and register with the local registration office.

If you want to stay in Germany to seek work after your degree, then international students with a residence permit can extend it to stay in Germany and seek work for up to 18 months after graduating, as long as the job is related to their field of study. Graduates from EU/EEA countries can stay on to seek work without any restrictions or permits .

After 2 years of employment in Germany it is possible to apply for permanent residency status.


Work while studying

Working in Germany with a student visa It is legal to work in Germany with a student visa, but students are restricted to the number of days they can work.

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.

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Scholarships to Study in Germany

Government-funded scholarships to study in Germany

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

  • 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

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

  • HHL International MSc Scholarship for Effective and Responsible Leadership – Scholarship opportunities to study management at 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.


Placement statistics of the Top German B-Schools

HHL Leipzig Graduate School of Management

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%

EBS University

EBS is ranked 12th in Master in Management as per FT 2016 rankings for MiM Program. The only B-school 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 field .

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

WHU Master in Management

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%


Here is the Full list of top MiM Courses in Germany

Sr No.University NameProgram
1Münster School of Business Administration and EconomicsMaster in Economics
2Humboldt University Berlin Business SchoolMaster's Program in Economics and Management Science
3Frankfurt School of Finance & ManagementMaster in Management (MSc)
4Leipzig Graduate School of ManagementMaster in Management (MSc)
5WHU Otto Beisheim School of ManagementMaster in Management
6Ludwig-Maximilian-University Munich School of ManagementMaster of Science (M.Sc.) in Management - European Triple Degree (ETD)
7Universität Mannheim Business SchoolMannheim Master in Management (MMM)
8 Berlin School of EconomicsMaster of Science (M.Sc.) International Management
9 Universität Duisburg Essen, Mercator School of Management, Faculty of Business AdministrationMaster of Science (M.Sc.) in Business Administration
10European School of Management and TechnologyMaster in Management
11 University of Cologne Faculty of Management, Economics and Social SciencesMaster of Science (M.Sc.) International Management
12 University of Leipzig, Faculty of Economics and ManagementMSc in International Management
13Münich Business SchoolMaster in International Business
14International School of Management FrankfurtM.Sc. International Management
15Gisma Business SchoolMaster in International Business (MIB)
16 Universität Karlsruhe, Faculty of Business and Economics
Administration Rheinbach
M.Sc. in Management, Business and Economics
17 Fachhochschule Bonn Rhein Sieg, Department of Business Administration RheinbachMaster's degree program in Business Administration
18Universität Bayreuth, Wirtschaftswissenschaftliche FakultätInternational Business and Economics M.Sc.
19 Universität Hohenheim, Faculty of Business, Economics and Social Sciences"M.Sc. in Management (full-time) –
Managing in the Digital Economy - Coming soon in 2017"
20Heilbronn Business SchoolMaster in Finance
21Frankfurt University Goethe Business SchoolMSc in International Management
22European University Münich Campus Center for Management StudiesMaster of Science (M.Sc.) - Management & Business Development
23University of TübingenInternational Management (CEMS MIM) - Master of Science
24Ulm UniversityMaster of Science in Management
25Nuremberg Institute of TechnologyMaster of Science in International Finance and Economics
26Technische Universität MünchenMaster of Science in Management
27Paderborn UniversityMaster of Science in International Economics and Management
28Goethe University FrankfurtMaster in International Management
29Furtwangen UniversityMaster of Science in International Management

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If you want to take your Germany Masters in Management application to next level, you can check out our MiM Essay Editing Service.