When it comes to the best business and management education, Germany sits at the top of the wish list of countries to study in for international students. Among other factors, the quality of schools in Germany and the excellent job prospects for their graduates make it a great location for international MBA aspirants too. In fact, when you research schools for an MBA in Germany, you'll find that many of them rank in the top 10% worldwide! So what makes Germany such a great place to pursue an MBA? Read on to find out the answer to that question and a lot more about an MBA in Germany.
Let’s dive right in…
An MBA from Germany is greatly valued around the world. With globally recognised MBA courses, Germany promises amazing career opportunities for MBA graduates. The key characteristics that attract foreign nationals to pursue an MBA in Germany include the following.
As per the rankings of QS and the Financial Times, Germany has many of the top 200 schools in the world for MBA degrees. Besides, tutors at business schools in Germany have international profiles and strong academic backgrounds, making them the best at what they do. With in-house school career advisors, these tutors can help students identify their strengths and weaknesses as well as find the best career options for them after their MBA and management programs in Germany.
Many business schools in Germany also have four intake periods per year for MBA candidates, offering multiple windows to apply. This is unlike certain countries, where there are only two or three school intake periods per year for MBA programs.
Almost every university in Germany is state-owned, so the MBA cost in Germany is also pretty affordable for international students. Depending on where you plan to pursue an MBA in Germany, the tuition fees may range between €3,000 and €49,000 a year. A master's program in Germany is classified as consecutive or nonconsecutive. A consecutive course is a master's program pursued after a bachelor's in Germany and is often free at public universities here.
The pay scales of MBA graduates vary from one company to another in Germany. Depending on the MBA specialisation you choose, you are likely to earn between €48,000 and €260,000 a year in Germany. Your MBA cost in Germany will most likely not exceed €50,000 a year, so you can recoup what you pay for the degree within a year. Many things play a role in how much you can earn after an MBA in Germany. For instance, your MBA specialisation and skills will affect your income in Germany more than your school of choice.
You can fulfil your strong desire to travel with an MBA in Germany. The country has epic locations, such as Bastion Bridge overlooking the Rhine and Elbe rivers, as well as the Black Forest and Zugspitze mountain. Leipzig is a great location with a growing infrastructure as well as plenty of cafes, bars, and canals. Berlin has a world-famous music scene and historical sights. Besides, popular tourist destinations in the Netherlands, Czech Republic, France, Denmark, and Switzerland are near Germany. A residence visa in Germany alone lets you visit these places.
There are many top colleges in Germany for international students, so it can be a bit difficult to choose one. This is why we are helping you narrow down your options to the best universities in Germany for an MBA.
There are many elements that help the Global MBA at the GISMA University of Applied Sciences stand out from the rest. Firstly, it is an Association of MBAs-accredited program. Only a handful of universities and business schools in the world have AMBA accreditation, which helps make them more prestigious than the rest. The program suits people who are keen on pursuing a career in management or entrepreneurship on a global level. It will aid you in building the expertise and network you need in order to accomplish your career objectives.
Read on for more about the best schools with the cheapest MBA programs in Germany for international students.
Small-size classes at UE simplify not only the development of each student but also fostering personal relationships with the university's instructors. The university exclusively uses renowned professionals who not only have industry experience but also make their business networks accessible to students.
Here, we have tabulated the cheapest MBA programs in Germany for international students.
|
School |
MBA Duration |
Fees |
|
Berlin School of Business and Innovation |
18 Months |
€14,150 |
|
GISMA Business School |
12 Months |
€18,000 |
|
EU Business School |
12 Months |
€20,850 |
|
The University of Europe for Applied Sciences |
12 Months |
€13,500 |
It is a must to satisfy the minimum criteria at a school in Germany to qualify for an MBA program. One school in Germany may have entry requirements that differ from another. For instance, unlike many other educational institutions in Germany, EU Business School requires every international MBA candidate to take an interview with its academic dean. Now, here are some general entry requirements for an MBA course in Germany.
Some universities in Germany also require strong GMAT or GRE scores for MBA candidates.
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Germany has an unemployment rate of around 3.5%, which is surprisingly low considering that it is among the largest economies in the world. Germany has good job prospects for MBA graduates as well. Siemens, Bayer, Bosch, Volkswagen, BMW, Mercedes, and Merck are among the best recruiters of MBA graduates in the country. If you are seeking careers in Germany after an MBA, these are some of the employers you may want to consider.
The salary for an MBA graduate in Germany varies according to the specialisation, but it lies between €60,000 and €80,000 for freshers. Here is a table showing the salary concerning some MBA specialisations in Germany.
|
Specialisation |
Role |
Average Salary Per Year |
|
Management |
Business Development Manager |
€67,000 |
|
Executive MBA |
CEO |
€89,000 |
|
Marketing |
Digital Marketing Manager |
€65,000 |
|
Finance |
CFO |
€64,000 |
The MBA cost in Germany varies from one school to another, but €3,000 to €49,000 is generally the fee range for international students. That said, there are also many universities in Germany that offer free education to all.
Work experience is usually an optional requirement for an MBA in Germany. If you have strong academic qualifications, you may be able to enter a top university in Germany for an MBA even with no work experience.
Most universities in Germany do not have GMAT requirements for their MBA programs. That said, a strong GMAT score will only boost your chances of getting into a top MBA program in Germany, especially in the absence of work experience.
Are you keen on pursuing an MBA in Germany? Approach our counsellors for a free one-on-one consultation to learn more about affordable and the cheapest MBA programs in Germany for international students.
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