MBA Salary in Germany: MBA Finance, HR, Marketing, Top Recruiters, and More

Germany is one of the most popular study-abroad destinations in Europe and is recognised as one of the best places to live with a robust economy. Students and professionals in the workforce from around the world are drawn to this nation because of its rich culture to further their professions. In this article, we will discuss in detail the MBA salary in Germany. 

Since SMEs account for up to 51% of the German economy, they provide both employees and recent graduates with a wealth of employment prospects. You have come to the right site if you have been wondering what careers look like in Germany following an MBA. This blog will cover numerous topics, including opportunities in Germany after an MBA. 

Average MBA Salary in Germany

The average salary for MBA graduates in Germany is around EUR 77,426 per year, with additional cash compensation averaging EUR 9,926. However, salaries can vary significantly based on factors such as:

• Location: Major cities like Munich, Frankfurt, and Berlin generally offer higher salaries.
• Specialization: Finance, HR, and Marketing are some of the highest-paying specializations.
• Experience: Experienced professionals command higher salaries.
• Company and Industry: Top-tier companies and industries like consulting, finance, and technology offer higher compensation packages.

MBA Finance

Germany is home to many prestigious universities where students can pursue an MBA in Finance. After completing an MBA in Finance in Germany, you can expect to earn an average salary of €89,000. Let’s understand the average MBA salary in Germany after completing this course. 

The top job roles available after the completion of an MBA in Finance are: 

Job Profile	Average Annual Salary in Germany (EUR)
Chief Executive Officer	132,286
Chief Operating Officer	127,792
Chief Financial Officer	124,297
Associate Director	111,250

Also Read: MBA Abroad for Indian Students

MBA HR

The field of human resources is highly sought after in Germany and around the world. Therefore, after earning your MBA in HR, you could land jobs with top businesses. After completing an MBA in HR in Germany, you can expect to earn an average annual salary of €48,000. Let’s see the average MBA salary in Germany after the conclusion of this program. 

The top job roles available after the completion of an MBA in HR are: 

Job Profile	Average Annual Salary in Germany (EUR)
Human Resource Manager	55,950
Chief People Officer	187,781
Employee Relations Manager	102,030
Executive Recruiter	81,922

Also Read: Things to Consider for Your MBA Application Abroad

MBA Marketing

You have a wide choice of work options if you choose to pursue an MBA in Marketing in Germany. In Germany, the average pay after earning an MBA in marketing is €65,600. Let’s understand the average MBA salary in Germany after finishing this course. 

Have a look at the top job positions available after completing MBA in Marketing: 

Job Profile	Average Annual Salary in Germany(EUR)
Marketing Executive	32,248
Marketing Officer	54,000
Digital Marketing Manager	47,048
Marketing Strategist	50,820

Also Read: MBA Engineering Management

Top Recruiters for MBA In Germany

After earning an MBA in Germany, there are numerous career and employment options available. Salary for MBA new hires in Germany ranges from €60,000 to €80,000 annually. Following an MBA, some of the top recruiters in Germany are:  

• BMW
• Mercedes
• Volkswagen
• Bayer
• Siemens
• Bosch
• Merck 

Also Reading: MBA in HR in the UK

Comparison to Other Top Countries

The earning potential after completing an MBA in Germany is very high. However, you should also be aware of the salaries offered in other countries. The table provided below compares the average salary after an MBA in Germany with other top countries. 

Country	Average Salary Range After MBA
Germany	EUR 48,000 to EUR 89,000
United States	USD 72,293 to USD 113,638
United Kingdom	EUR 37,148 to EUR 64,420
Canada	CAD 71,316 to CAD 85,230
Australia	AU$91,248 to AU$106,840
India	INR 687,938 to INR 1,484,534

Also Read: MBA in Finance in Germany

Top Universities in Germany for MBA

Your career will soar after you complete an MBA program at one of Germany’s finest universities. International students can find plenty of job opportunities in Germany after finishing this program, and the MBA salary in Germany is very impressive. The courses are not only thorough and useful, but also reasonably priced. As a result, the nation experiences a massive influx of foreign students each year. Here are some of the top universities in Germany that are offering MBA degrees: 

University	Course Offered	Tuition Fees	Duration
IU International University of Applied Sciences	MBA in Finance and Accounting	EUR 8,111 Per Year	18 Months
AKAD University	MBA HR Management and Talent Management	EUR 10,080 Per Year	18 – 24 months
Macromedia University of Applied Sciences	MBA Marketing	EUR 5,300 Per Semester	3 – 4 Semesters

Also Read: MBA vs. Business Analytics 

Eligibility Criteria

A student must fulfil certain requirements in order to be eligible to pursue an MBA in Germany. The following requirements must be met in order to pursue an MBA in Germany:

• Candidates must hold a 4-year Bachelor’s degree in business administration or a 3-year degree combined with a 1-year Master’s degree in order to enrol for an MBA program at a German university.
• A 3-year degree with relevant job experience is accepted by some universities. 
• In addition to the minimal criteria, institutions may further demand that applicants have successfully completed and achieved a specified level on the GMAT, IELTS, GRE, or TOEFL exams, as well as possess a fundamental knowledge of German. 
• A high degree of proficiency in German is also required for classes taught in that language. 
• Candidates must additionally pass language proficiency tests like TestDAF/DSH in order to be considered. 
• Finally, in order to enrol in the university, students might also need to take an entrance exam.

How to Apply for MBA in Germany?

Students may find the application process for the MBA in Germany to be a bit hectic. Thankfully, Leverage Edu can help you greatly speed up the procedure. 

We can assist you with your application process in the following ways: 

• Using our AI Course Finder, you may select the course you want to take.
• The experts at Leverage Edu will then start the application process for the institutions of your choice on your behalf. 
• The submission of essays, SOPs, LORs, TOEFL, IELTS, and other materials is essential to your application. Therefore, be careful to gather and prepare the necessary documentation. 
• Our experts will start your application for housing, student loans, and scholarships as soon as you submit your application and any necessary papers. 
• Wait till you get your offer letter, which should be there in 4-6 weeks.

Also Read: All About University of Portsmouth MBA in Strategic Leadership 

Documents Required

Here is a list of mandatory documents that you need to submit during your admission process for an MBA program in Germany:

• Completed application form
• Educational Documents
• Valid photo ID or passport
• Scores of Entrance Exams (if applicable)
• Transcripts (if required)
• Language Proficiency test scores
• Resume
• SOPs and LORs
• Other documents

Also Read: MBA in Australia Without Work Experience

MBA Monthly Salary In Germany

MBA graduates in Germany enjoy competitive salaries, influenced by factors such as industry, location, and the prestige of the educational institution. Here are the key facts regarding MBA salaries in Germany:

Average Salary Overview

• The average annual salary for MBA graduates in Germany ranges from EUR 55,000 to EUR 175,000 depending on various factors, including specialization and experience.
• Fresh graduates can expect to earn around EUR 55,000 to EUR 78,000 per year. However, experienced professionals can see salaries rise significantly, with some roles offering salaries above EUR 100,000 annually

Salary by Industry

Different industries offer varying salary ranges for MBA graduates:

Industry	Average Annual Salary (EUR)
Business Development	EUR 67,000 – EUR 173,000
Consulting	EUR 70,000 – EUR 140,000
Finance	EUR 118,000 – EUR 127,000
Marketing	EUR 86,000 – EUR 117,000
Human Resources	EUR 110,000 -EUR 115,000

Salary for MBA In Finance Graduates In Germany

After completing an MBA in Finance in Germany, graduates can expect competitive salaries, reflecting the high demand for finance professionals in various sectors. Here are the key facts regarding salaries for MBA in Finance graduates:

• The average salary for MBA graduates specializing in Finance is approximately €89,000 per year.

Salary by Job Role

Different job roles within the finance sector offer varying salary ranges:

Job Profile	Average Annual Salary (EUR)
Chief Executive Officer (CEO)	EUR 132,286
Chief Financial Officer (CFO)	EUR 124,297
Chief Operating Officer (COO)	EUR 127,792
Associate Director	EUR 111,250
Financial Analyst	EUR 63,700

MBA Job Opportunities In Germany

Germany presents a wealth of job opportunities for MBA graduates, spanning various industries and roles. Here are the key facts regarding MBA job opportunities in Germany:

Overview of Job Opportunities

• High Demand: Germany’s economy is robust, with a strong demand for skilled professionals. The country is home to numerous multinational corporations and small to medium-sized enterprises, which contribute significantly to the job market.
• Employment Rate: Approximately 70% of international MBA graduates in Germany find employment within six months of graduation

Popular Job Roles

Here are some common job roles for MBA graduates in Germany:

• Management Consultant: Helps organizations improve performance through analysis and strategic planning.
• Business Development Manager: Identifies new business opportunities and develops strategies for growth.
• Financial Analyst: Analyzes financial data to provide investment recommendations.
• Project Manager: Oversees projects from start to finish, ensuring they meet deadlines and budgets.

MBA Salary Structure In Germany

The salary structure for MBA graduates in Germany varies significantly based on factors such as specialization, job role, industry, and experience level. Here are the key facts regarding the MBA salary structure in Germany:

Average Salary Overview

• The average salary for MBA graduates in Germany is around EUR 77,426 per year, with additional cash compensation averaging EUR 9,926.
• Depending on the specialization and industry, salaries can range from EUR 60,000 to €200,000 annually. Entry-level positions typically start between EUR 60,000 and EUR 80,000.

Job Profile	Average Salary (EUR)
Business Development Manager	EUR 191,000
General Manager	EUR 183,000
Operations Manager	EUR 143,000
Marketing Manager	EUR 130,000
Chief Financial Officer (CFO)	EUR 124,297
Chief Executive Officer (CEO)	EUR 132,286
Project Manager	EUR 147,000

Related Reads

Business Manager Salary in Germany	Courses after MBA Finance
Cost of MBA in Germany	Cheap MBA Colleges in Germany
MBA in Finance	MBA Marketing vs MBA Finance
Executive MBA in Finance	MIM in Germany

FAQs

So, this was all about the MBA Salary in Germany. Many Indian students dream of pursuing education in foreign nations due to the exposure and career growth they offer. Consider joining a free counselling session with Leverage Edu if you plan to study abroad.