Germany is known for its Automobile Industry all over the world. Whether you talk about Mercedes and Audi, the first thought that comes to anyone’s mind is Germany. Germany has emerged as one of the major centres of excellence in higher education. Talking particularly about an MBA, Germany comes into the consideration list of any international student due to the quality education at an affordable cost and a robust economy.
However, having an understanding of the cost structure within the country helps to chalk out your educational journey quite effectively. Succsscribe, the leading foreign education consultancy breaks down the cost of an MBA in Germany in detail fees for Indian students, along with the conversion of costs in INR, What are the Top Colleges to pursue MBA in Germany, and many important aspects that an individual need to know about Cost of MBA in Germany.
Types of Universities offering MBA in Germany
- Public Universities – Most public universities in Germany do not charge tuition fees for many programs, including some MBA programs-especially for students from the EU/EEA. Almost all MBA programs have some attached fees, but very low compared to private institutions.
Tuition Fees for MBA at Public Universities: Generally speaking, tuition for an MBA at a public university can range from €500 to €3,000 per semester.
- Private Universities – Private Universities in Germany are not free, but have tuition fees; however, their MBA course structure is more internationally oriented and the tuition fee lies within the standard global range. Many private universities have industrial links which is an added advantage in placement.
Tuition Fee for MBA in Private Universities: Tuition varies from €15,000- €40,000 for the entire course.
MBA Fees in Germany for Indian Students
They should be aware of the fees in both Euros and INR to make the necessary budgeting.
MBA Tuition Fees in Euros
- Public Universities: €500 to €3,000 per semester, making the total cost for a two-year MBA between €2,000 to €12,000
- Private Universities: €15,000 to €40,000 for the entire course.
MBA Fees in Indian Rupees
- Public Universities: Per semester:₹ 46,300 to ₹2,78,160 and Total MBA cost for two years is around ₹1,85,440 to ₹11,12,640.
- Private Universities: The entire MBA cost in Private universities is ₹13,90,800 to ₹37,08,800.
Top Universities for MBA in Germany
Several Business Schools in Germany are renowned for their MBA programs. Despite the relatively low cost of MBA in Germany, graduates from German business schools often secure high-paying jobs in top multinational companies.
These are some of the Top Universities you can pursue if you are planning to do MBA from Germany:
| University / Business School Name | Tuition Fees (in euros) | Tuition Fees (In INR) |
| Mannheim Business School | €39,500 | ₹36,61,640 |
| ESMT Berlin | €43,500 | ₹40,33,320 |
| Frankfurt School of Finance and Management | €38,000 | ₹35,23,360 |
| WHU – Otto Beisheim School of Management | €40,500 | ₹37,56,360 |
| HHL Leipzig Graduate School of Management | €33,000 | ₹30,57,760 |
Other Cost than Tuition Fees in Germany for MBA
Besides tuition fees, there are added costs that an Indian student has to incur while studying for an MBA course in Germany. These include living costs, health insurance costs, and other university-related fees.
Compared to other Countries the cost of living in Germany remains pretty affordable, though it still largely depends on the city one would choose to relocate to.
Cost of Living in Germany
The cost of MBA in Germany is pretty affordable but the living cost in Germany is also pretty affordable and good. The cost of living includes rent, food, transportation, and other personal expenses. The average cost of living in Germany is approximately 850 to 1200 euros per month.
- Monthly Living Cost: ₹78,812 to ₹1,11,264
- Yearly Living Cost: ₹9,45,744 to ₹13,35,168
- 2 Year’s Living Cost (Duration for MBA): ₹18,91,488 to ₹26,70,336
Semester Contribution
Even at state universities, one needs to pay a semester contribution, which includes administrative fees and a pass for public transportation.
This semester contribution is in the range of 150 to 350 euros per semester.
- Semester Contribution in Indian Rupees is ₹13,908 to ₹32,452 per semester.
- Total Semester Contribution for 4 semesters (2 years): ₹55,632 to ₹1,29,808
Health Insurance
Health Insurance is mandatory for all foreign students in Germany. The insurance covers health insurance and it costs around approximately 90 to 120 euros per month.
- Per Month Health Insurance in INR: ₹ 8,344 – ₹ 11,126
- Per Year Health Insurance in INR: ₹1,00,128 – ₹1,33,512
- Total Health Insurance for 2 Years: ₹2,00,256 – ₹2,67,024
Requirements for MBA in Germany
Investing in an MBA in Germany is often justified by the favourable cost of MBA in Germany combined with excellent career prospects and networking opportunities in Europe’s largest economy. With every business school in the country having a list of admission criteria, there are few requirements that every candidate needs to meet in order to get admitted into an MBA course. Here is a detailed look into the core requirements and additional factors that are usually considered for the purpose of admission.
- Most MBA courses in Germany require applicants to have a bachelor’s degree in any discipline. It needs to be from an accredited institution and is at least to be the equivalent of a German undergraduate qualification.
- Minimum CGPA: Though a universally accepted GPA is not there, although a CGPA of 6.5/10 or above is usually recommended
- Discipline of the Degree Course: While applicants from any academic background are accepted, a few MBA courses would like to have their pool of candidates with a background in business, economics, or STEM for particular streams of MBA.
- Work Experience: In the case of traditional MBA courses, most universities in Germany require a minimum of 1-3 years of professional work experience. As mentioned earlier, most universities offer options that do not require this. Minimum Work Experience Required: 1-5 years for most competitive programs.
- Language Proficiency: Many MBA programs are taught in English. Thus, if you are a non-English speaker, you will be required to show proof in the language test.
Accepted Tests:
IELTS – minimum score 6.5 – 7.0
TOEFL – minimum score of 90 – 100
- GMAT/GRE (For Some Universities Only): As mentioned, though GMAT is the most important factor for the topmost business schools, a waiver facility is provided by the universities. At the same time, a good GMAT score will immensely add value to an application.
Desirable GMAT Score: 600-700.
GRE: Some of its programs also accept GRE
- SOP (Statement of Purpose): Written application attribute, articulating the candidate’s motivation for an MBA, career goals, and interest in the particular program.
- LORs (Letter of Recommendation): Most of the MBA programs require 1 to 3 letters of recommendation from academics or professional sources. The LOR should highlight your skill, achievement, and potential to succeed in the program.
Whom to Ask: Managers, previous employers, or professors known to your academics as well as professional work.
- Interview: Most of the elite MBA programs have an interview included in their selection process. This is an opportunity for them to evaluate your persona, leadership qualities, and motivation.
Application Deadline for MBA in Germany
In Germany, the intake for an MBA is usually once or twice a year. The application deadline varies and usually follows the pattern below:
- WinterIntake: Application deadlines are usually between May and July, with courses starting in September or October.
- Summer Intake: Applications are typically open from December to January, with courses starting in March or April.
Why Choose Germany for an MBA?
Before getting into the detailed estimate of cost, it is very relevant to know why students prefer Germany for an MBA. Here are a few reasons:
- Affordable Higher Education: German MBA courses are considerably more affordable than those in the USA and the UK, particularly in public institutions.
- High Returns on Investment: Most German students who graduate with an MBA receive very highly paid jobs, making it very well worth the money they have invested in the educational process.
- Globally Recognized: German Universities and business schools are globally recognized. A number of them have been in the top ranking consistently in the global MBA ranking given by known magazines.
- Industry Exposure: A strong industrial background in Germany allows MBA students to have various opportunities regarding internships and job placements in the leading industries of the country.
MBA in Germany Without Work Experience
In most of the countries, for an MBA course, there is a requirement for work experience for the candidates. However, Germany allows a few options whereby students can apply without any work experience. This flexibility no doubt may help freshers who wish to study business right after their graduation
Universities Offering MBA Without Work Experience
Though most of the prestige MBA in Germany prefers applicants with work experience, not all educational institutions strictly follow this rule, thus offering programs that are available for students who do not have work experience.
- Technical University of Munich
- Munich Business School
- University of Ulm
- GISMA Business School
- University of Kiel
- University of Tubingen
Merits of Doing MBA Without Work Experience
- Early Merit in Career: The students can start their managerial assignments immediately upon completion of their graduation after pursuing an MBA course, which gives them a lead over their peers.
- Business Management Expertise: The graduates would have business management expertise right from the beginning of their careers and would thereby enjoy a strategic advantage.
However, Candidates with no work experience are encouraged to develop leadership skills through internships, academic projects, or volunteering to make their applications more robust.
MBA in Germany without GMAT
Most business schools in Germany require the Graduate Management Admission Test (GMAT) score for admissions into their MBA programs, but some do not. Some universities would instead conduct a more holistic evaluation of performance at academics, motivation, and overall potential rather than bank on standardized test scores.
Top Business Schools Offering MBA Without GMAT
Many business schools in Germany either exempt the GMAT or make it not the focus of entry. Students who cannot take the GMAT due to various reasons then enjoy more flexibility.
- Mannheim Business School
- ESMT Berlin
- HHL Leipzig Graduate School of Management
- Berlin School of Economics and Law
- University of Kiel
- Reutlingen University
Advantages of MBA Without GMAT
- Saves Time and Money: Since preparing for GMAT is very time-consuming and expensive as well, students can save their valuable time and money by applying to such schools that waive off the GMAT examination.
- More Accessibility: The absence of a GMAT barrier will provide more opportunities for a wide range of students, especially those students coming from a different educational background.
Cost of MBA in Germany VS Other Countries
An important factor in deciding to study abroad is the cost of MBA in Germany, which remains a fraction of the tuition fees charged by business schools in other countries.
Germany is among the most economical destinations for pursuing an MBA compared to other large countries having world-class programs:
| Country | Average MBA Cost (in INR) | Living Expenses (In INR) | Total Cost (In INR) |
| Germany | ₹13,20,000 to ₹35,20,00 | ₹17,95,200 to ₹25,34,400 | ₹31,15,200 to ₹60,54,400 |
| USA | ₹60,00,000 to ₹1,20,00,000 | ₹28,00,000 to ₹40,00,000 | ₹88,00,000 to ₹1,60,00,000 |
| UK | ₹50,00,000 to ₹80,00,000 | ₹20,00,000 to ₹30,00,000 | ₹70,00,000 to ₹1,10,00,000 |
| Australia | ₹45,00,000 to ₹75,00,000 | ₹18,00,000 to ₹25,00,000 | ₹63,00,000 to ₹1,00,00,000 |
Conclusion
An MBA in Germany is highly competitive with its costs compared to the other leading educational destinations of the world. Given the high affordability because of the minimal fees at public universities and a wide array of scholarships, Germany remains the best option for Indian students. The cost of MBA in Germany is significantly low whether you opt for public or private, you will find a breakdown of fees, cost of living, and various scholarships very important in the decision about your education budget.
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