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Based on various studies available online, Germany is considered to be one of the most affordable countries in Europe for higher education. Every year, thousands of students migrate to Germany to pursue courses such as Masters of Business Administration because of the lower cost of studying and living cost. To support these students and provide them with financial aid based on their academic merit and other factors, universities and independent organisations offer numerous MBA scholarships with detailed eligibility criteria, benefits, and more.
This blog aims to provide you with a comprehensive list of such scholarships, so you can make an informed decision. Happy reading!
This Blog Includes:
Top University Wise MBA Scholarships in Germany
Several universities in Germany offer MBA scholarships. See below for a detailed list.
HHL Leipzig Graduate School of Management Scholarships
HHL Leipzig Graduate School of Management is one of the best universities for students pursuing master’s and administrative programs in Germany. This university is responsible for providing several scholarships to women to promote their education.
Here are some of the scholarships named by this institute:
- HHL Women in Business Scholarships
- HHL Future Entrepreneur Scholarships
- HHL Asia-Pacific Scholarship
Mannheim School of Business Scholarships
The Mannheim School of Business provides a lot of opportunities for students pursuing an MBA in their college. This business school is one of the best business schools for everyone and is located in Mannheim. It was established in 2005. Refer to the table below for details on Mannheim School of Business scholarships:
| Application Process | MBS Network Scholarship Application |
| Application Deadlines | 31 August 2022 |
| Amount Covered | €5,000 |
| Number of Awards | 1 |
| Duration | One-time award |
Frankfurt School MBA Scholarships
Frankfurt School of Finance and Management is one of the best universities for studying Finance in Germany. It was founded in 1957. One of the best features of the Frankfurt Institute is that they prefer to provide scholarships to female candidates. Here are the details of the scholarship:
| Application Process | No separate application |
| Application Deadlines | Rolling basis |
| Amount Covered | Partial amount of tuition |
| Number of Awards | Varies |
| Duration | Program duration |
WHU Otto Beisheim School of Management
WHU Otto Beisheim School of Management provides several scholarships to students who wish to study different Management programs in Germany, such as an MBA. Some of the names of these scholarships are Emerging Market Leaders, Scholarship for Ambitious Women, Scholarship for Social Entrepreneurs and Scholarship for Diversity.
Refer to the table below for details:
| Application Process | Separate application required |
| Application Deadlines | Varies |
| Amount Covered | Varies |
| Number of Awards | 4 |
| Duration | One-time award |
ESMT MBA Scholarships
ESMT Business is one of the best institutes in Berlin, Germany, where students prefer to be admitted to many programs such as an MBA. This institute offers more than 25 fully funded scholarships that are based on the candidate’s academic record.
Students taking admission to this institute are eligible to apply for 3 scholarships that are granted based on their scores. Here are the details:
| Name of Scholarship | Details |
| Early Application Scholarship | Awarded to students who apply within the first 3 of admission. The amounts awarded are €5,000, €2,500 and €1,000 for rounds 1, 2 and 3 respectively. |
| GMAT/ GRE Scholarship | You must have a GMAT or GRE score equivalent to the 85th percentile or above. You will be awarded a one-time scholarship of €3,000. |
| German Language Scholarships | Students with German language proficiency Scholarship worth €1,000 for B1/ B2 level of proficiency and €2,000 for C1/C2 levels. |
Also Read: SBW Berlin Scholarships: Eligibility, Benefits, Application
Top MBA Scholarships in Germany
Apart from all the university-based scholarships, there are many private organisations in Germany too who provide many scholarships to study who need to complete their education abroad.
Here are some top scholarships that you can refer to:
DAAD Scholarship
One of the top organisations in Germany is responsible for providing scholarships to over 10,000 students every year who are studying in Germany. This scholarship is provided to students of different countries, and Indian students get a lot of benefits from this.
The scholarship amount for the DAAD Scholarship ranges from 800 euros to 2500 euros for students from different programs. Here are the other details:
| Application Process | Official DAAD website |
| Application Deadlines | To be notified |
| Amount Covered | Fully funded |
| Number of Awards | 100,000 |
| Duration | 1-2 years |
Friedrich Ebert Scholarship
Friedrich-Ebert-Stiftung (FES) offers a Friedrich-Ebert Foundation scholarship for students pursuing their UG and PG courses in Germany. Students who are not only pursuing an MBA can also apply for this scholarship.
These scholarships are granted based on Merit i.e. their marks in their last academic record. Here is the detailed information:
| Scholarship Type | Merit-Based |
| Organization | Friedrich-Ebert-Stiftung (FES) |
| Application Deadline | To be notified |
| Number of Scholarships | To be notified |
| Amount | To be notified |
| Renewability | Yes |
Also Read: German Chancellor Fellowship
FAQs
The first step for the candidate is to secure good marks. Students need to take the GMAT exam as a lot of scholarships are granted based on GMAT scores.
Yes, many of the MBA scholarships in Germany are fully funded. These scholarships are mostly provided based on merit.
To apply for the MBA scholarship in Germany, the candidates have to first visit the official websites of the providers and apply online.
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