Germany is known for its rich cultural values, etiquette and some of the most iconic landmarks. Study abroad students can benefit from research-intensive coursework, well-ranked universities, a flourishing job market and a plethora of courses such as an MBA. Did you know ~4,40,500 students enrolled in German universities in 2022? So, if you are planning to study business management courses in Germany, here’s everything you must know.

Key Highlights:

• Why study MBA in Germany?
• Top MBA colleges in Germany      
• Popular MBA courses in Germany
• MBA in Germany requirements
• MBA in Germany cost
• Things to remember when studying in Germany

Why study MBA in Germany?

• German universities offer a perfect combination of theory-based and practical-oriented coursework.
• Besides, research-intensive MBA study programs prepare you for your professional career.
• An impeccable education system delivered by learned and experienced faculty members will develop the necessary domain-specific management skills. Hence, Germany is a popular destination to pursue MBA.

Top MBA colleges in Germany   

• TUM School of Management
• Mannheim Business School
•  Frankfurt School of Finance & Management
• LMU Munich School of Management
• WHU - Otto Beisheim School of Management
• Humboldt-Universität zu Berlin School of Business and Economics
• European School of Management and Technology (ESMT)
• HHL Leipzig Graduate School of Management
• EU Business School
• University of Bonn

Study programs are available in various specialisations. The regular full-time MBA will be for 1-3 years. The management courses, such as Executive MBA, can be for 15-20 months.

Master in Management	MBA in International Management	Global MBA
Master of Business Administration and Engineering (MBAE)	MBA: Healthcare Management	Executive MBA in Innovation and Business Creation
MBA in International Management	Master of Science in Business Administration	MBA: Digitalisation and Industrial Change
International Human Resource Managemen	General Management	Executive MBA: Technology Management

MBA in Germany requirements
MBA in Germany eligibility is as follows:

• Complete your bachelor’s degree before applying for an MBA course. Keep all your academic transcripts ready.
• Appear for any of the following language proficiency tests:
• International English Language Testing System (IELTS)
• Test of English as a Foreign Language (TOEFL)
• Clear any of the following entrance exams:
• Graduate Management Admission Test (GMAT) exclusively for MBA exams
• Graduate Record Examinations (GRE) for all graduate programs, including MBA
• Statement of Purpose
• Letter of Recommendation
• Resume
• Work experience will increase your chances of securing a spot in a well-ranked university.

Note: Please check the university-specific criteria before commencing the admission process.

MBA in Germany cost

• Germany MBA fees

Although Germany is known for affordable education, you have to consider various expenses, including tuition fees. While there is no tuition fee for some public colleges, education in private educational institutions can be expensive. The annual cost of the MBA program is approximately EUR 10,000 to EUR 50,000, around INR 8,95,600 to INR 44,78,000. The cost will vary depending on the university you select.

• Cost of living to pursue MBA in Germany for Indian students

Accommodation will be a major expense when you study in Germany, which will be ~EUR 625 to 1,700 i.e. ~INR 56,000 to INR 1,52,000 per month. The monthly expenses, including groceries, electricity, phone bills, transport etc., can cost around EUR 530, which will be ~INR 47,500.

Things to remember when studying in Germany

• Blocked account

You need to open a blocked bank account to transfer funds, indicating you have sufficient money to study in Germany. The amount you require to hold in this account is EUR 11,208, i.e., ~INR 10,03,800. This account stays blocked until you arrive in Germany and complete the formalities your service provider prescribes.

• Student visa

You will need Student Visa (Visum Zu Studienzwecken) to study in Germany. Also, if you choose to work part-time to support your lifestyle, you can work up to 20 hours per week during your course. During semester breaks, you can choose to work more than 20 hours per week.

So, with this information, you can plan your academic journey to be an influential leader of tomorrow. Although Germany offers affordable education, you must consider various costs such as tuition fees, travelling costs, accommodation costs, living expenses, the cost of learning devices, etc. If education inflation is bothering you, you can opt for an education loan for study abroad programs.
At Avanse Financial Services, we offer student loans that cover the holistic cost of education, including all the major education-related expenses. If you want to know more about the application procedure, documentation process or education loan rate of interest, please contact us. We will be glad to assist you.