MBA in Germany 2023, Top Universities, Fees, Jobs, Costs, Admission, Eligibility

MBA in Germany 2023: Europe is one of the most sought for destinations to attain education. In Europe, Germany is the topmost choice for students looking forward to pursuing an MBA course. Many overseas students apply to German colleges and institutes for MBA programme. To acquire MBA in Germany in 2023, applicants need to fulfill certain eligibility criteria, the application process, the English proficiency test, etc. This article will inform you all about the MBA programme in Germany.

Entrance Exams for MBA in Germany:

An international applicant must appear in the standardized test scores on GRE or GMAT. Candidate must have obtained at least 600 in GMAT to take admission in the reputed Business School. Make sure to send the GMAT result to the business school by the institution from where applicants have given the test. It is necessary to maintain a GMAT score of 650 or above to seek admission to an MBA program. The GMAT test will be conducted on a rolling basis entire year.

How to Apply for GMAT?

Here are the steps to apply for the GMAT below:

  1. Applicants need to create an account on MBA.com.
  2. After this, choose for ‘Register for GMAT Online Exam’ button and click on GMAT online exam
  3. Choose your preferred appointment date and time to start the registration process.
  4. Applicants may also call the GMAT Customer service to locate test centres near them.
  5. Book the Exam slot.
  6. Pay the GMAT fees via credit card, debit card, cashier’s cheques, money orders and personal cheques

Eligibility Requirements:

Those who are willing to study MBA in Germany need to check the eligibility conditions for the International applicants below:

  • Applicant must have acquired at least B+ average or 75% or more in an internationally recognised Bachelor’s or Master’s degree
  • Candidate must have attained Competitive GMAT/GRE Scores
  • Applicant must have fluency in English
  • Candidate must have at least 2-3 years of work experience
  • Leadership potential

Documents Required for MBA Admission in Germany:

Applicants are required to submit the following documents while applying for admission:

  • English Proficiency Test
  • Score of 95 in TOEFL
  • Minimum of 7.0 in IELTS or equivalent
  • Educational Certificates/Grade Reports
  • Academic Transcripts
  • Resume
  • Letters of Recommendation
  • Bank statements/financial documents
  • Statement of Purpose/Motivation letter
  • Passport as proof of Identity proof
  • Photograph

Admission Process:

The MBA Admission procedure by each university in Germany is different. Therefore, prospective applicants need to visit the official website of the university. Check the common steps for admission:

  1. It is mandatory to check the admission criteria for international students to ensure the requirements.
  2. Now, fill in the online application form with all the important details
  3. It is crucial to verify the information entered in the application form.
  4. Submit the application form along with supporting documents such as academic transcripts, grade certificates, etc.
  5. Admission Committee will invite the candidate for the first selection interview based on the application form and documents submitted. The interview takes place in person and can also be commenced via telephone or skype for those who are unable to attend personally.

MBA Specializations in Germany:

Germany offers several specializations in MBA programme. Check the B-schools in Germany and their specializations:

  • MBA in Innovation: Munich Business School, Berlin School of Business and Innovation
  • MBA in Entrepreneurship offered at EU Business School, SRH Hochschule Berlin
  • MBA in Finance: SIMT, EU Business School
  • MBA in International Management: Cologne Business School
  • MBA in HR: GISMA Business School, University of Applied Sciences Mittelhessen
  • MBA in Marketing: WHU Otto Beisheim Graduate School, GISMA Business School
  • MBA in Leadership: HHL Leipzig Graduate School of Management

MBA in Germany without GMAT:

Do you wanted to know that even after performing poorly in GMAT, can you pursue MBA in Germany? Some universities accept applicants without GMAT/GRE scores and such universities are the Technical University of Munich, Berlin School of Economics and Law, Cologne Business School, Accadis Hochschule Bad Homburg, etc.

MBA Fees in Germany:

Here is the list of universities offering MBA and the course fee:

  • Mannheim School of Business: 32.3 Lakhs
  • Frankfurt School: 31.12 Lakhs
  • WHU-Otto: 31.92 Lakhs
  • ESMT: 19.2 Lakhs
  • EBS: 13.84 Lakhs
  • HHL: 31.12 Lakhs
  • Munich Business School: 26.21 Lakhs

Scholarships:

MBA from Germany would be cost-effective for you but still if you cannot afford then many universities offer scholarships to International applicants. The scholarships are offered on the basis of performance and other requirements of the applicants. Some of the known scholarships are DAAD, Erasmus+ Scholarships, HHL Young Leader Scholarships, etc. Find a few more below:

  • HHL Young Leader Scholarships in Germany: The scholarship gives funds to applicants from all nationalities along with the 25% of the tuition.
  • Women in Business Scholarship: It is offered by several universities to women applicants so that more female applicants can participate in business programs. The funding for this scholarship is dependent on the university to university.
  • DAAD Scholarships: DAAD is a Government-funded scholarship for international students studying in Germany at the degree level.
  • Erasmus+ Scholarships: The largest scholarship provider giving funds to international students studying across Europe at several degree levels.

Jobs After Completing MBA in Germany:

As soon as applicants complete their MBA course, they are likely to get a lucrative job or placement opportunities in Germany and other countries. Applicants can work in different sectors such as Technology, Finance, Technology, Automotive, Consulting, Ecommerce & Marketing. Their career may progress as a Strategist, Marketing Manager, Product & Project Manager, etc. Here is the list of the job profiles and expected annual salary:

  • Product & Project Manager: 1.2 Crore
  • General Manager: 1.5 Crore
  • Marketing Manager: 1.06 Crore
  • Operations Manager: 1.17 Crore
  • Business Development Manager: 1.57 Crore
  • Consultant: 1.3 Crore
  • Strategist: 1.79 Crore.

FAQs – MBA in Germany

Answer: The candidate must be possessed the degree of graduation, have TOEFL/IELTS score, GMAT score (at least 550), and work experience (minimum 2-3 years) to apply for MBA in Germany.
Answer: Amongst the top MBA colleges and universities, some known names are Mannheim Business School, Frankfurt School of Finance and Management, WHU-Otto Beisheim Graduate School of Management, European School of Management and Technology, and European Business School.
Answer: An international student needs to incur at least INR 10, 00,000 Lakhs to pursue MBA.
Answer: It is not mandatory to have prior knowledge of the German language to study MBA in Germany. However, they must have fluent skills in English.

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