Best MBA Colleges in Germany

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Best MBA colleges in Germany

As one of the popular master’s degrees offered in different specializations, MBA aims to equip learners with the requisite managerial skills and knowledge which is detrimental to the smooth running of an organization. By pursuing an MBA from abroad, students get to avail global exposure, and immense networking opportunities as well as learn from the best industry leaders and graduate with an internationally recognized degree. Having nurtured the world’s best minds and emerging as a hub of many prominent inventions, Germany has significantly established itself as a prominent study destination and its public universities offer a wide range of courses at no or affordable tuition fees. Globally acclaimed for pioneering advancements in its education system, Germany must be at the top of your list for studying an MBA abroad. Through this blog, we bring you a comprehensive list of top-ranked MBA colleges in Germany.

MBA Programs in GermanyMBA full-time, Executive MBA, Online MBA
Duration1-2 Years
Average Tuition FeeEur 30,000
Top UniversitiesEMST Berlin,
Berlin School of Business and Innovation (BSBI),
WHU – Otto Beisheim Graduate School of Management,
HSBA Hamburg School of Business Administration
EligibilityBachelors’ Degree + Work Experience
Required Work Experience1-3 years
Average SalaryEur 70,000

Why Study MBA in Germany

Along with the most alluring benefit i.e. cost of studying Germany, there are numerous other attractions that make Germany a top study destination for your MBA degree. It is amongst the major countries with the best education systems having a standard grading system and implementing a unique mix of practical and theoretical understanding. Let’s take a look at some of the significant reasons why you should study in Germany and opt for an MBA in Germany:

  • Top Global MBA Schools: Around 5 business schools in Germany have featured among the top 100 MBA schools by QS Rankings 2020. Moreover, the country provides EU-accredited MBA degrees along with an exceptional curriculum and intensive industry experience for budding business professionals. 
  • Affordable Cost of Studying: Addressing one of the major concerns of the decision to study abroad, higher education in Germany is provided mainly at no cost or at affordable tuition fees. Studying for your MBA in Germany, financial restraints can be less of a concern than the public universities in the country. Further, affordable accommodation and living costs are other advantages of pursuing your master’s degree here. 
  • Scholarships: Every year the German Government releases various scholarships for international students. These financial-aid schemes are generally offered to meritorious students as well as those with unprivileged backgrounds. Some of the famous scholarships for which students can opt for an MBA in Germany include DAAD Scholarships, The Deutschland Stipendium, Erasmus+ etc.    
  • Exceptional Curriculum: The MBA courses offered at German universities do not monotonously focus on conceptual studies but are designed with interesting parameters that aim to equip them with the industry knowledge of the field of study they are aspiring to specialise in. The institutions also encourage students to take part in research projects and apprenticeships to provide them with a balanced curriculum. 

Top MBA Universities in Germany [Detailed]

The below table presents a detailed list of the top MBA colleges in Germany.

UniversityFeesDurationCourse
Berlin School of Business and Innovation (BSBI)€19,800.0015 monthsFull-time
WHU – Otto Beisheim Graduate School of Management€40,500.001 yearFull time
HSBA Hamburg School of Business Administration€19,800.0024 monthspart-time and
Executive MBA
EBS Business school€14,000.0016-24 monthsFull-time and
Executive MBA
IUBH University of Applied Sciences€23,500.0012-18 monthsFull-time MBA and distance learning
ESCP – Berlin Campus€46,000.0010 monthsInternational /
Executive MBA
TUM Technische Universität München€39,000.001 yearExecutive
EU Business school€4,600.0012-25 monthsFull-time, Part-time,
and Distance learning
TU Bergakademie FreibergNo Tuition Fees24 monthsFull-time MBA
Aachen University – RWTH Business School€37,500.0022 monthsExecutive MBA
HTW Hochschule für Technik und Wirtschaft Berlin€18,600.0018-24 monthsFull time, Part-time,
and Distance learning
Hochschule Furtwangen University€6,600.0018-24 monthsFull time, Part-time,
and Executive MBA
GISMA Business School€31,450.002 yearsPart-time MBA
TU Berlin€6,000.0018 monthsFull-time MBA
Hochschule Esslingen · Esslingen University of Applied Sciences€13,000.0018 monthsFull-time MBA
ESB Reutlingen€6,900.001 yearFull-time
ESMT Berlin€43,500.001 yearFull time
Hochschule Bremen – International Graduate Center (IGC)€14,900.0018-24 monthsFull time, Part-time,
and Executive MBA. Distance learning
HHL Leipzig Graduate School of Management€38,000.0012 -21 monthsFull-time
University of Cologne Business School€54,500.001 yearInternational MBA
Dresden International University (DIU)€14,500.0018-24 monthsFull-time and
Part-time MBA
Technische Hochschule Nürnberg Georg Simon Ohm – OHM Professional School€18,000.0012-24 monthsFull-time and
part-time MBA
IESE Business SchoolUniversity of Navarra – Munich Campus€85,084.0018 monthsExecutive MBA
Hochschule Pforzheim€15,800.0021 or 16 monthsMBA in International Management Full
Berlin School of Economics and Law (HWR)€19,800.0015 monthsFull-time
Frankfurt School of Finance and Management€39,000.001 yearFull time
Mannheim Business School (MBS)€39,500.001 yearFull time

Mannheim Business School, Mannheim

Amongst the top MBA colleges in Germany, Mannheim Business Schools offers a 12-month MBA course which is accompanied by a 3- month internship program. They look for motivated and career-driven students who possess the virtue of being team workers. The college has nurtured an excellent learning environment and has many clubs for students like Business Club, Startup Club, Technology & IT Club, amongst others.

Frankfurt School of Finance and Management, Frankfurt 

Credits – Frankfurt School of Finance and Management

In terms of employability, the Frankfurt School of Finance and Management leads our list of top MBA colleges in Germany. Frankfurt’s MBA program 12-month long, while the college puts elaborate efforts in planting entrepreneurial skills in students with its specialised one-week program referred to as Capstone Course in Entrepreneurial Management. Moreover, its MBA course incorporates a thesis project with three options to choose from, i.e. Entrepreneurial Business Plan, Research Project or Group Consultancy Project and the school also offers various student-led programs in sports, education and networking. 

WHU- Otto Beisheim School of Management, Dusseldorf

WHU secured 23rd rank in Global QS rankings for top MBA Colleges 2020, indicating the institute’s excellence in providing one of the best MBA programs in Germany. It’s one year MBA comprises three study abroad exchange modules, two in Asia and one in the US. The college provides a host of extra-curricular courses in business strategy, Process management and other managerial practices. They also provide foreign students with basic German language program making the demographic transition a smoother experience.

European School of Management and Technology, Berlin

Credits – ESMT Berlin

Located in the capital city of Germany, ESMT leads the charts in QS rankings when it comes to nurturing global business leaders. Founded in 2002 by 25 leading companies and Management groups, the college aims to imbibe leadership skills in its students. The 12-month MBA is followed by various fellowship programs and internships to make a student Industry ready. With a huge majority of international students as foreign, ESMT MBA is defined on four main principles like Strategic Leadership, Leadership & Personal Development, Innovation & Entrepreneurship and Managerial Analytics.

HHL Leipzig Graduate School of Management, Leipzig

Established in 1898, HHL is one of the oldest business schools in the world. HHL follows a student-friendly approach with its curriculum, starting off the 18-month program with refresher courses to strengthen the student’s foundation in Business and Management, slowly growing off into fundamentals of modern-day management. By the end of their courses, students select the subjects they are actually interested in to become job-ready for top management positions.

To know more, check out MBA Universities in Germany!

Top Ranking MBA Colleges in Germany

Taking the QS rankings and Finacial Times ranking for 2023 into consideration, the below-mentioned MBA colleges are the best in Germany.

QS Global MBA Rankings 2023University
43Mannheim Business School
45Frankfurt School of Finance Management
59WHU (Otto Beisheim)
85ESMT Berlin
121-130HHL Leipzig Graduate School of Management
FT Ranking 2023University
68WHU – Otto Beisheim School of Management
56Mannheim Business School
98Frankfurt School of Finance and Management

Other Universities in Germany for MBA

Universities Accredited by AACSB, AMBA, or EQUIS

While a lot of universities in Germany offer MBA but there are only a few that stand out with AACSB, AMBA, or EQUIS accreditation. Here are the universities that have been accredited by one of these accreditation systems.

MBA Universities & their Courses

University Type of UniversityCourses
Berlin School of Economics and LawPublic Full-time MBA
Part-time MBA
Berlin School of Business & Innovation PrivateGlobal MBA
MBA
MBA in Maritime and Shipping Management
University of Cologne Public EMBA 
Hochschule PforzheimPublicMBA in International Management 
ESCP Europe-Berlin CampusPrivateMBA in International Management
EMBA 
Frankfurt School of Finance and ManagementPrivate Full-time MBA
The Frankfurt MBA
MBA in International Healthcare Management
EMBA 
WHU Otto Beisheim School of Management PrivateFull-time MBA
Part-time MBA
EMBA 
EU Business SchoolPrivateMBA in International Business
MBA in Communication & Public Relations
MBA in International Marketing
MBA in Global Banking & Finance
MBA in Leisure & Tourism Management
MBA in Entrepreneurship; Digital Business
MBA in Sports Management
MBA in Human Resources Management
MBA in Design Management
MBA in Blockchain Management

MBA in Germany: Types and Specializations

Universities in Germany provide a diverse selection of MBA specialities. Global Management, Leadership Management, Innovation, and Entrepreneurship are just a few of the unusual specialities available at Germany’s top business schools. The following are some of the common specialities that international students can study in Germany, as well as the B-schools that offer the program.

SpecializationInstitutes Offering the Course
MBA in EntrepreneurshipEU Business School, SRH Hochschule Berlin
MBA in FinanceSIMT, EU Business School
MBA in HRGISMA Business School, University of Applied Sciences Mittelhessen
MBA in InnovationMunich Business School, Berlin School of Business and Innovation
MBA in International ManagementCologne Business School
MBA in MarketingWHU Otto Beisheim Graduate School, GISMA Business School
MBA in LeadershipHHL Leipzig Graduate School of Management

MBA Universities in Germany: Admission Requirements

Now that you are familiar with some of the courses and salient features of different MBA Universities in Germany, let us take a quick look at their respective eligibility criteria and admission requirements.

Business Schools in GermanyMinimum Work ExperienceAccepted English Proficiency Tests Accepted Exams
Mannheim Business School3 Years TOEFL or IELTSGMAT or GRE
Frankfurt School of Finance and Management 3 YearsTOEFL or IELTSGMAT or GRE
WHU-Otto Beisheim School of Management 2 Years TOEFL or IELTSGMAT or GRE
ESMT Berlin3 Years
[Postgradute/Professional]
TOEFL or IELTSGMAT or GRE
HHL Leipzig Graduate School of Management 3 YearsTOEFL or IELTSGMAT or G

MBA in Germany: Entry requirements

Before applying to German colleges that offer MBA programs, aspirants should make sure they meet the qualifying requirements. The following are the essential requirements for obtaining an MBA in Germany:

  • To be eligible for an MBA in Germany, applicants must have a bachelor’s degree in any discipline with a grade point average of 60 to 80 per cent.
  • Aspirants must have passed any admission test such as the GRE or GMAT with a score of 550, as well as a valid score on an English Proficiency Test such as the TOEFL or IELTS with a score of 6.5 to 8.
  • Documents such as a letter of recommendation, a VISA, a passport, bank statements, and so on should be available.
  • In Germany, MBA programmes may additionally need 2-5 years of work experience in the same industry and choose candidates based on an interview.

MBA in Germany without GMAT

If you have a great profile but do not want to take the GMAT exam, MBA in Germany is a great option for you. There are several universities in Germany that accept alternatives to GMAT or do not require GMAT for the course. Here are the top universities in Germany that do not need GMAT for the course:

How to Apply for an MBA in Germany?

Colleges and universities in Germany are not regulated by a central body and are either state-funded or private. Every college has its own guidelines and requirements for the admission process, hence the students must go to the official site of the college which they plan on joining. However, there are some standard requirements common for the top colleges in Germany and are as follows: 

  • A 3 or 4 year Bachelor’s degree which is recognised and equivalent to a bachelor’s degree in Germany
  • A valid score in any of the English proficiency tests like IELTS, TOEFL, etc. or German language tests like TestDaf as well as GMAT or GRE. Not all top MBA colleges in Germany require GMAT scores thus students can opt for an MBA without GMAT as well. 
  • German Student Visa, a valid passport and other identification proofs. You can also apply for a work permit to explore internships and part-time work opportunities while studying in Germany.

MBA in Germany Fees

The cost of an MBA in Germany can range from 14,000 to 45,000 dollars (INR 8 – 35 Lakhs). The following is a list of the average yearly tuition prices for the finest MBA programs at German universities: (USD/year).

Cost of Living in Germany

Type of ExpenditureEstimate Monthly Cost
Food and DrinkEuro – 168 INR – 14,184
Learning resources like booksEuro – 20 INR – 1,700
Rent, electricity, and other utilitiesEuro – 323 INR – 27,000
TravelEuro – 94 INR – 7,930
Phone, Internet, TvEuro – 35 INR – 2,980
EntertainmentEuro – 61 INR – 51,000

MBA in Germany Scholarships

Although the cost of an MBA in Germany is lower than in many other countries, international students will find the entire cost of an MBA in Germany to be very expensive. International students can apply for a variety of scholarships at MBA institutions in Germany, which will help them cover their living and food costs while in Germany. These scholarships are awarded depending on the candidates’ performance and other prerequisites.

HHL Young Leader Scholarships in GermanyThe scholarship covers at least 25% of the tuition costs for qualifying students of all nationalities.
Women in Business ScholarshipVarious colleges provide this scholarship to female applicants in order to encourage female participation in business degrees. The amount of money available for this scholarship varies by university.
DAAD Scholarships:International students studying in Germany at various degree levels can apply for government-funded scholarships.
Erasmus+ Scholarships: These are the most well-known scholarship organizations that support overseas students studying in Europe at various levels.

MBA in Germany Jobs

The following are some of the most common positions in Germany for MBA graduates, along with their average yearly pay and job description:

Job ProfilesSalary (USD/year)
Business Development Manager191,000
Consultant158,000
Strategist218,000
Product & Project Manager147,000
General Manager183,000
Marketing Manager130,000
Operations Manager143,000

MBA in Germany vs Other Country: Comparison

When opting to study abroad, there are many decisions to be made, such as which institutions to attend, which courses to take, and which nation is the greatest fit for them in terms of expenses, education, and scholarships. For your convenience, the following section compares MBA programs in Germany with those in internationally recognized nations such as the United States and Canada.

MBA in Germany vs USA

Germany and the United States are well-known for their high-quality education and are home to some of the world’s greatest colleges.

  • In terms of universities, the United States is an excellent choice because there are more top 100 institutions in the United States than in Germany.
  • Although an MBA from the United States is the finest because of its world-class education and a great return on investment, Indian students choose Germany and Canada because of their lower costs. Germany also has an edge over public universities in that education is provided free of charge.
  • International students will not have any language barriers in any country because the majority of courses are taught in English. In contrast to the United States, Germany will provide the possibility to study a whole other language.
  • In comparison to the United States, which solely provides merit-based scholarships, Germany’s top MBA programs give a large number of scholarships to overseas students.

MBA in Germany vs Canada

MBA programs in Germany and Canada are nearly identical in both countries. However, the cost of living and tuition in Canada is significantly greater than in Germany, where most institutions provide free education.

  • Over ten are located in Germany, whereas around 50 are located in Canada, according to the QS World Ranking 2022.
  • Because most of the best MBA universities in Germany provide free education and a large number of scholarships, an MBA in Germany is significantly less expensive than an MBA in Canada.
  • MBA programs in Germany and Canada are both taught in English, but German institutes additionally provide students with the opportunity to acquire the German language and culture.
  • Germany offers far more career prospects and placement chances than Canada. Aside from that, obtaining a Germany Work VISA is rather simple.


Work Experience to Study MBA in Germany

You need work experience to study MBA in Germany. However, unlike other top countries, you only need 1 year of minimum experience. However, most universities recommend at least 2 years of experience. There are also many universities in Germany that require no work experience. Here are the top universities and their required work experience. 

0-year experience1-year experience2-year experience3-year experience
Technical University of MunichCologne Business SchoolWHU-Otto Beisheim Graduate School of ManagementESMT MBA
University of TubingenBremen City University of Applied SciencesMunich Business SchoolMannheim Business School (MBS)
University of KielHochschule Bonn-Rhein-Sieg) CSR & NGO ManagementBusiness School PforzheimBerlin MBA
Ludwig Maximilian University MunichGIMS German-Indian Management StudiesHochschule Coburg MBAESCP – Berlin Campus
University of UlmFrankfurt School of Finance & Management

FAQs

Q1: Which university is best for MBA in Germany?

Germany is well known for its world-class education and universities. Ranging from Engineering to Business and Management, German universities provide programs in all possible fields. The top universities for MBA in Germany are as follows: 

– Mannheim Business School, Mannheim
– Frankfurt School of Finance and Management, Frankfurt 
– WHU- Otto Beisheim School of Management, Dusseldorf
– European School of Management and Technology, Berlin
– HHL Leipzig Graduate school of Management, Leipzig

Q2: Is MBA free in Germany?

Public universities provide free education to students. But private universities charge a tuition fee for MBA in Germany. Apart from this, no matter which kind of German university you pick for an MBA, accommodation, and cost of living add to the overall expense of studying MBA in Germany. To estimate this amount, use the exclusive cost of the living calculator of Leverage Edu

Q3 Is MBA in Germany Good?

MBA in Germany is a good option for those students who are looking for affordable study abroad education. German B-Schools give students excellent networking and employment opportunities. Some universities also offer 1 year MBAs which reduces the overall expense to a great extent. 

Q4: How much does MBA cost in Germany

The cost of an MBA in Germany varies as per the university or institution selected by the students. The estimated cost of studying MBA in Germany can range from 15 Lakhs to 30 Lakhs.

Thus, we hope that this blog assisted you in explore top MBA colleges in Germany and their prospective programs on offer. If you are still wondering about which course and college combination to opt for, we at Leverage Edu are here to help you out. Book a free e-meeting with our experts and begin your path towards success! You can call our Leverage Edu experts on 1800 572 000 to find out how the application process can be fast-tracked and streamlined!

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