MIM in Germany

Management is amongst the most sought-after career fields in contemporary times. While it offers an array of career opportunities in almost every sector, there are also a plethora of specialized Management courses you can pursue. Though an MBA is the most popularly pursued path from the list of professional courses after graduation, there are other varied postgraduate degrees in Management that can open the door to an array of career opportunities. The Master in Management or MIM is one such degree that focuses on core concepts like Finance, Supply Chain Management, Operation Management, Entrepreneurship Development, etc. Though this course is offered by scores of universities across the world, Germany is revered for its MIM program due to the free education it offers in comparison to the USA or the UK. Through this blog, we aim to provide you with a comprehensive guide on MIM in Germany, the top universities you can choose from as well as the career scope you can avail.

Duration	2 years
Tuition Fees	INR 22,414 – 26 lakhs
Eligibility	Bachelor’s degree in a related field
Exams	IELTS, TOEFL, GMAT
Salary Offered	INR 12,00,000- 20,00,000 per annum

Must Read: Study in Germany

What is MIM (Masters in Management)?

Running for a period of 18 months to 2 years, MIM is a postgraduate degree in Management which aims to provide students with the knowledge of several academic disciplines such as Finance, Entrepreneurship, Marketing, and Accountancy, amongst others. It is suitable for individuals who want to explore the arena of Management and build a career in Commerce. When it comes to pursuing MIM in Germany, you can choose from an array of academic institutions, both public and private, offering this degree at economical costs. Further, as compared to MBA, MIM programs offer better flexibility in terms of choosing specializations and sub-disciplines that you want to delve deeper into, thus providing students with the much-needed feature of customization. 

Must Read: Study in Germany: The Guide to Your German Dream

Why Study MIM in Germany? 

Before elaborating on the details of studying MIM in Germany, let’s first understand why you should pursue this degree. For a long time, the MBA has been perceived as the only postgraduate program that graduates and working professionals commonly pursue to advance further in their managerial careers. Master in Management, as a postgraduate course, has emerged as an alternative option. Enlisted are the reasons for this change:

• While pursuing an MBA from universities abroad requires at least 2-3 years of experience, MIM does not have this condition.
• It is a foundational course that aims to provide students with a basic understanding of management processes as well as equip them with the required theoretical knowledge in this field.
• Apart from imparting knowledge of the field, it also equips the students with communication skills and enhances logical reasoning.
• When it comes to comparing MBA vs MIM in terms of costs, the latter is less expensive in comparison to an MBA
• Studying an MBA, the coursework comprises business models and techniques but in MIM, you will get to study various basic theories of business.
• From eCommerce Marketing and Global Business to Management Control and Economics, there are scores of specializations you can gain expertise in.

Must Read: Requirements to Study in Germany

Top Programs for MIM in Germany

Thinking of studying abroad? But don’t know which universities & courses are best-fit for you!
Try our AI-powered Course Finder. Feed in your preferences, and let the AI match them against millions of data points, and you get what you are looking for saving you hours of research. Here are some of the popular MIM in Germany:

1. Public Economics
2. Business Administration
3. Innovation Management, Entrepreneurship and Sustainability
4. International Business
5. Operations and Supply Chain Management

Top Universities for MIM in Germany 

There are numerous academic institutions in Germany that offer Masters in Management courses to students across the globe. As public institutions in the country offer courses at no tuition fees, private universities might change varied academic fees for degrees like MIM. Here is a table that enlists some of the major universities offering MIM in Germany:

Institutions Offering MIM In Germany	Type
WHU — Otto Beisheim School of Management	Privately Funded
University of Mannheim Business School	Public
HHL Leipzig Graduate School of Management	Private
ESMT Berlin	Private
Frankfurt School of Finance and Management	Private
TUM School of Management	Public

Must Read: Best Colleges in Germany

Public Universities in Germany for MIM

MIM in public universities in Germany For MIM, we will discuss public universities in Germany in this part.

Technical University of Munich	Free University of Berlin	Ludwig Maximilians University Munich
Humboldt University of Berlin	RWTH Aachen University	University of Hamburg
Technical University of Berlin	University of Mannheim	University of Bonn
Heidelberg University – Germany	University of Stuttgart	Leipzig University
University of Cologne	Hamburg University of Technology	Karlsruhe Institute of Technology
Technische Hochschule Ingolstadt	Technische Universität Darmstadt	University of Kiel
Goethe University Frankfurt	Johannes Gutenberg University	University of Bayreuth

Must Read: GRE Accepting Universities in Germany

Eligibility for Master in Management in Germany

Candidates should check the prerequisites to study a course before starting their application process. The eligibility criteria to pursue a Master in Management (MIM) are listed below:

• Students must have a bachelor’s degree from a recognized university. Some universities have a minimum GPA requirement, candidates must check that closely. 
• Candidate should clear the English-language proficiency test such as IELTS, TOEFL, or PTE with the required score.
• A valid GRE or GMAT score as per the university requirement.
• 2 Letters of Recommendation (LORs)
• Some universities might ask for a minimum work experience of 2-3 years.

GMAT Requirements

For admission to MIM in Germany, students have to appear for the GMAT exam. Here’s the minimum GMAT score, Technical University of Munich and Frankfurt School of Management don’t require GMAT scores and for WHU-Otto Business School of Management and HHL Leipzig Graduate School of Management you need 600.

Work Experience Requirement

Work experience is mandatory for MBA or MIM in Germany and required by most of universities. Work experience ranges between 3+ months to 3 years. Frankfurt School of Management and Technical University of Munich doesn’t require any work experience whereas HHL Leipzig Graduate School of Management and WHU-Otto Business School of Management required 3+ months of work experience. ESMT Berlin required 18 months of work experience.

English Proficiency Requirements

Most of the courses in Germany are taught in English and for admission to students belonging to non-native English-speaking countries, students have to appear for an English proficiency test. Students can take IELTS, TOEFL, and German C1. IELTS band should range between 6.5-7.5 whereas the TOEFL score should range from 88-100.

Must Read: IELTS 5.5 Band Colleges in Germany

MIM in Germany: Admission Process

The application process takes place over a period of time and begins months before the commencement of classes. The universities have two main intakes known as the fall intake and winter intake for international students to kickstart their journey. You can call our Leverage Edu experts on 1800 572 000 to find out how the application process can be fast-tracked and streamlined to Germany! Here’s an easy 5-step process to complete your application process:

1. Call our experts on 1800 572 000 to shortlist your favourite universities and courses. Start your application to multiple universities through our one-dashboard platform
2. Compile all your documents like SOPs, essays, certificates, and LORs and exam scores like IELTS, TOEFL, GRE, GMAT, etc
3. Meet all the applications deadlines and start the application process for accommodation, students visa, and scholarships/student loans
4. Accept the offer letter and meet your teachers, college mates, and roommates virtually
5. Get your visa approved and fly to your dream university!

German Student Visa

To begin with the process of getting a visa to study in Germany, you need to get in touch with the German embassy or consulate situated in your country. Further, if you have been successfully accepted by an academic institution in Germany, you can commence your student visa application either with your letter of acceptance or entrance exam scores (specified by your chosen institution) or else if you do not have any of these two, then you can opt for a prospective student visa instead.

The student visa remains valid for a period of three months and further can be extended by six months given that you get accepted into an academic institution or else get admission into a foundation course or any preparatory German language program within the six-month period. Also, it is advised to start your visa application as early as possible and you can also apply for a resident permit for study after staying for some time in the country with the prospective student visa. 

Mainly, you will need the following documents to apply for a German student visa:

• Valid Passport
• Proof of sufficient funds
• Health insurance-related proof
• Copy of a health certificate
• Transcripts or mark sheets of previous academic qualifications as well as scores of language proficiency tests
• For prospective student visa: submission of transcript or mark sheet of a recognized higher studies entrance qualification
• Curriculum Vitae (CV)
• Letter of acceptance from your chosen higher education institution (if you are not applying for a prospective student visa)
• Proof of English/German Language Proficiency scores
• Proof that you have submitted the visa application fee

Must Read: Germany Study Visa

Cost of Studying MIM in Germany

Every university has a different cost of studying for MIM in Germany, here are the tuition fees of top universities offering MIM in Germany with pre-arrival costs and cost of living:

Tuition Fees for Masters in Management in Germany

University	Fees in INR
WHU-Otto	26 lakhs
TU Munich	1.2 lakhs
Mannheim Business School	1.4 lakhs
Frankfurt School of Finance & Management	23 lakhs
ESMT, Berlin	25 lakhs

Must Read: Education Loan for Studying In Germany

Pre-Arrival Cost

Type of Expense	Cost
Application & Visa Fees	INR 6,275
Health Insurance	INR 13,448
IELTS/TOEFL Fees	INR 14,700/14,197
GMAT Fees	INR 20,600

Cost of Living in Germany

Taking the estimations from Numbeo, the cost of living in Germany, the apartment rent comes around 730.28 € [48,087 INR] (in the city centre) and 541.52 € [48,087 INR] (outside the city centre) and transportation costs come around 5,420 INR per month (taking monthly pass). Munich is approximated as the city with the highest cost of living expenses while Aachen has the lowest considering the rent, food, and other basic utility index provided by Numbeo. Also, the country also requires applicants to get health insurance when registering for an academic institution in the country. In the case of the coverage of health insurance, you would need to pay 80€ (7100 INR) on a monthly basis.

Must Read: How To Find Accommodation in Germany

Scholarships for Masters in Management in Germany

Following is the list of scholarships for MIM in Germany:

• WHU-Otto Business School: This is a university scholarship offered to international students who have managed to score 700 on GMAT. 
• ESMT Berlin: This is also a university scholarship offered to international students with 700+ GMAT scores.

Check out more popular German Scholarships for International Students here.

Jobs After MIM in Germany

After completing your MIM in Germany, you can choose from a varied range of career opportunities in both the private and public sectors. Moreover, if you have an entrepreneurial streak, then, you can also begin your own business and utilize the knowledge you have gained from this degree. But if you are planning to explore the corporate sector, here is a list of some of the major job profiles you can apply for after obtaining this degree:

• Human Resource Manager 
• Development Manager 
• Public Relations Manager 
• Sales Manager 
• Management Consultant 
• Marketing Manager 
• Project Manager 
• Business Development Manager 
• Social Media Manager 

MBA vs MIM in Germany

Following is the difference between MBA and MIM in Germany:

Basis of differences	MBA	MIM
Who it is for?	Experienced professionals	Recent graduates
Goals of applicants	Career development	Kickstarting their career
Age	The average age of the applicants is 27 years	The average age of the applicants is 23 years
Way of teaching	Practical orientation	Theoretical focus
Curriculum goal	Getting specialized industry knowledge	Building and layering a foundation
Tuition Fee	High	Medium
Popularity	Worldwide recognition	Recognized more in Europe
Duration	1-2 years for full time	The average duration of a MiM course is 10-12 months
Career opportunities	Mid-level positions	Entry or freshmen-level positions
Reception by companies	High	Growing fast

FAQs

Hence, we hope that this blog has provided you with all the essential details on MIM in Germany. If you are planning to pursue a postgraduate program in Management and don’t know where to begin, take the help of Leverage Edu‘s AI tool to browse through a wide range of master’s degree courses offered across the globe and find a suitable combination of program and university that aligns with your interests and career aspirations.