Cheap MBA Colleges in Germany

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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. 

Cheap MBA Colleges in Germany

Mentioned below are some of the most affordable MBA Colleges in Germany:

Universities Avg. Tuition FeesIn INR
Technical University of Munich 1764 Euro/yr 1.55 Lakh
University of Kiel 1200 Euro/yr1.05 Lakh
GISMA Business School1938 Euro/yr1.70 Lakh
International School of Management13,371 Euro/yr11.76 Lakh
University of Tubingen1500 Euro/yr1.31 Lakh
SRH Hochschule Berlin14137 Euro/yr12.43 Lakh
University of Ulm2040 Euro/yr1.79 Lakh
Ludwig Maximillian University Munich9550 Euro/yr8.39 Lakh
Johannes Gutenberg University3500 Euro/yr3.07 Lakh
University of Bayreuth7338 Euro/yr6.45 Lakh

Why Pursue MBA in Germany?

Here are some of the major reasons why you should consider pursuing 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 resource 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 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 provide 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 degree if you have completed a 3 years bachelor 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 to have a minimum work experience of a few years before applying

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.

Application 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!

Here’s an easy 5-step process to complete your application process for pursuing 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/yrIn INR
Operations Manager143,000 Euro1.25 Cr
Business Development Manager191,000 Euro1.67 Cr
Strategist218,000 Euro1.91 Cr
Marketing Manager130,000 Euro1.14 Cr
General Manager183,000 Euro1.60 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

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/yrCost in INR
Accommodation411 Euro₹ 32,898
Food and Beverages154 Euro₹ 12,326
Transportation72 Euro₹ 5,763
Entertainment52 Euro₹ 4,162
Clothing 514 Euro₹ 41,143

FAQs

What is the average cost of living in Germany?

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. 

What is the average cost of studying 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.

Why should I pursue MBA in Germany?

The following are the reasons to pursue MBA in Germany:
Pursuing an MBA degree allows to connect with many industry professionals and develop global networks
MBA is an extensive degree program and thus can benefit your career growth, offering a high salary package
MBA degree provides the opportunity to change career

Well, we hope that we have provided you with relevant information on Cheap colleges for MBA in Germany. And if you are interested in pursuing this course or any other course abroad, connect with Leverage Edu for full assistance or call us at 1800572000 and book a free session today!

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