Cheap MBA Colleges in Germany for Indian Students

Germany is a popular study-abroad destination among students. Every year thousands of students prefer to study abroad in Germany. The country is the home of many world-class universities offering a wide range of courses to students. MBA is one of the most preferred choices of students studying in Germany. MBA in Germany is a 1-2 year-long degree program and costs an average of 25 Lakh – 30 Lakh. If you wish to know more about cheap MBA colleges in Germany, continue reading this blog. 

Colleges with Lowest MBA Fees in Germany

Mentioned below are some of the MBA colleges in Germany with low fees are:

Universities Name	Avg. Tuition Fees	In INR
Technical University of Munich	1764 Euro/yr	1.55 Lakh
University of Kiel	1200 Euro/yr	1.05 Lakh
GISMA Business School	1938 Euro/yr	1.70 Lakh
International School of Management	13,371 Euro/yr	11.76 Lakh
University of Tubingen	1500 Euro/yr	1.31 Lakh
SRH Hochschule Berlin	14137 Euro/yr	12.43 Lakh
University of Ulm	2040 Euro/yr	1.79 Lakh
Ludwig Maximillian University Munich	9550 Euro/yr	8.39 Lakh
Johannes Gutenberg University	3500 Euro/yr	3.07 Lakh
University of Bayreuth	7338 Euro/yr	6.45 Lakh

Also Read: Study in Germany without IELTS

Why Pursue MBA in Germany?

Here are some of the major reasons why you should consider pursuing an MBA in Germany:

• Studying MBA will allow you to learn a great deal about management skills which are essential in today’s job market.
• Studying in Germany is quite pocket-friendly as many universities have low course fees.
• MBA offers a wide range of specializations to choose from including marketing, finance, and human resources to name a few.
• Pursuing an MBA degree allows to connect with many industry professionals and develop global networks.
• Germany is the hub of many top-notch universities which offers high-quality education to many international students with multiple opportunities of growth.
• MBA is an extensive degree program and thus can benefit your career growth, offering a high salary package.
• Germany is a popular choice among students as the visa acceptance rate of Germany is 92%.
• Germany offers a highly supportive environment for students to focus on their academics
• MBA degree provides the opportunity to change career.
• It equips you with entrepreneurial skills, essential to start your own business.
• It provides abundant career opportunities in fields like technology, research and innovation.

Eligibility Criteria for MBA in Germany

To pursue MBA in Germany, you must meet the following criteria:

• A candidate must have completed a 4 years bachelor’s degree if you have completed a 3 years bachelor’s degree, you will be required to study a year of management studies before applying. However, some universities do accept candidates with 3 years of bachelor’s degree
• You will be required to submit your GMAT or GRE scores
• Some universities will require a minimum of work experience of a few years before applying.

You can also do a free MBA in Germany as it is a government rule so that everybody can study.

Language Requirements 

• If you are from a non- English or non-German speaking background, you will be asked  to take an English Language Proficiency Test like IELTS – 7.0 (overall), TOEFL -90 – 100,  TestDaF and DSH.

Also Read: MBA Universities in Germany

Application Process for Indian students

Here’s an easy 5-step process to complete your application process for pursuing an MBA in Germany.

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 application 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.

MBA Career Scope in Germany

Germany is the hub of opportunities and ideas and offers opportunities in various fields including technology, research and innovation. Germany is one of the largest job markets in the automotive industry that requires professionals in fields such as finance, marketing, entrepreneurship & innovation, business analytics and supply chain management.

Job Opportunities and Salary 

Here are some of the most popular job roles to pursue after an MBA:

Job Profile	Avg. Salary/yr	In INR
Operations Manager	143,000 Euro	1.25 Cr
Business Development Manager	191,000 Euro	1.67 Cr
Strategist	218,000 Euro	1.91 Cr
Marketing Manager	130,000 Euro	1.14 Cr
General Manager	183,000 Euro	1.60 Cr

Cost of Studying MBA in Germany

The average cost of studying an MBA in Germany is between 1,000 Euro to 9,500 Euro or INR 87,955 – 8.35 Lakh, However, this could vary depending on if you are studying in a private or public university. 

Cost of Living in Germany for Indian Students

Another reason why Germany is a popular study-abroad destination is because of its affordability. It is quite cost-friendly compared to other European countries. The average cost of living in Germany is EUR 850 – EUR 870 or INR 68,078 – 69,680 per month for an international student. However, this cost may vary depending on the city of your stay. Given below is the list of basic amenities and their cost in Germany:

Category	Cost in EUR/yr	Cost in INR
Accommodation	411 Euro	₹ 32,898
Food and Beverages	154 Euro	₹ 12,326
Transportation	72 Euro	₹ 5,763
Entertainment	52 Euro	₹ 4,162
Clothing	514 Euro	₹ 41,143

Also Read: Requirements to Study in Germany

FAQs

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