MBA in Germany for Indian Students

Indian students have a lot to gain from studying in Germany since German institutions are well regarded and appreciated for their first-rate calibre. You will have the finest learning experience ever thanks to their cutting-edge facilities, a wide range of funding alternatives, research-based courses, award-winning curricula, varied and active student community, and distinctive lifestyle. These characteristics have made Germany a destination for gifted overseas students looking to develop their academic and research capabilities. And a large number of Indian students are included in this group of academics.

Aspiring MBA students can choose from some of the best programmes offered in Germany. Indian and other international students, as well as hopefuls, are becoming more and more interested in German MBA degrees. 4,00,000 international students are reportedly enrolled in higher education programmes in Germany, and the number may possibly be greater given that the majority of them intend to remain and find employment there when they graduate. One of the main draws is the relatively reduced cost of living and attending school in Germany, as well as the availability of funding and promising job possibilities.

Why Choose to Study MBA in Germany?

The cost of an MBA in Germany is reasonable. The largest portion of education costs in Germany are MBA tuition fees. Top private German business schools provide higher education at a very affordable tuition rate in Germany. The cost of an MBA at a public institution in Germany is reasonable. The educational standards in Germany are also quite good, in addition to the comparably affordable MBA costs for overseas students. Eight German business schools were rated among the top 100 for full-time management courses in the 2020 Financial Times' European Business School Rankings. The QS Global MBA Rankings for 2021 include five German business schools. Four of these institutes were included among the top 100 business schools worldwide. There are plenty of job chances since, according to the Association of German Chambers of Commerce & Industry, Germany needs 15 lakh qualified workers from other countries.

Additionally, the Executive MBA programme in Germany offers the best career and compensation opportunities for alums and graduates of the country's top colleges.

Cost of studying MBA in Germany

Examining the tuition charges of the top universities in Germany can help you determine the average cost of an MBA there. The availability of part-time, full-time, and online study options for overseas students for a period of 1 to 1.5 years is typically the reason for the inexpensive cost of an MBA in Germany.

Here are some of the top colleges in Germany offering MBA programmes, along with information on each program's duration and estimated costs:

Part-time Employment and Payscale after an MBA:

Only those having a German student visa are permitted entry into Germany as international students. In addition to providing the students with various advantages, it also enables them to work part-time while finishing their education. However, there are several guidelines that you must follow when seeking for part-time work.

While enrolled in a course in Germany, international students are permitted to work 240 half-days or 120 full-days.

International students who work part-time are not permitted to engage in self-employment or freelancing. According to the regulations established by the majority of universities, overseas students are not allowed to work more than 20 hours per week throughout their term.

Students who make less than Euro 450 per month or who work fewer than 50 days in a year are exempt from paying taxes.

The top part-time occupations in Germany for foreign students include: English tutor to German students, Graduate/ Research Assistant at the university, Industrial Production Assistant, Staff at cafeterias, restaurants, gyms, etc.

Working part-time while a student in Germany will net you a minimum wage of €9.50 per hour. This pay can change depending on the city you live in and the type of work you do.

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Once your course has ended, you can submit an application for an 18-month residence visa and start looking for a position that matches your credentials. You are free to work any job you choose during this time to earn money for your job hunt. But keep in mind that your chances of obtaining a residence visa in Germany for employment solely depend on your credentials and line of work.

FAQ's

Is Germany good for MBA for Indian students?

Yes, owing to its budget-friendly tuition with a number of public universities charging minimal or tuition-free education, robust economy, as well as possibilities in sectors such as automotive, finance, and engineering, pursuing a Masters in Business Administration in Germany for Indian students is a viable choice. Students are also drawn to the country due to its English-taught programs and post-study employment prospects, nevertheless, learning German enhances employment opportunities to a great extent.

Is doing MBA free in Germany?

The majority of MBA courses in Germany are not free, particularly at private universities, which charge tuition fees costing between €10,000 to €50,000. Public universities, on the contrary, charge minimal or no tuition fees, requiring students to only pay a small semester contribution, although public universities are less likely to provide MBA programs. To assist in alleviating expenses, the student can apply for scholarships and DAAD funding.

How much does an MBA in Germany cost?

Germany MBA fees at public universities (mostly administrative/semester fees) usually cost between €500 and €3,000 per semester, or at private universities it costs €15,000–€50,000 total, based on the duration and standing. The average tuition cost across all programs is approximately €17,000, whereas the overall one-year expenses entailing cost of living typically ranges from €25,000 to €50,000.

What are the top public and private universities for MBA in Germany?

The University of Mannheim, Technical University of Munich (TUM), and Ludwig Maximilian University of Munich are the leading public universities for MBA in Germany for Indian students. On the other hand, the best private MBA university in Germany include WHU – Otto Beisheim School of Management, Frankfurt School of Finance & Management, and ESMT Berlin. These institutions are renowned for their intensive MBA programs, robust linkages with industry, and outstanding employment prospects.

Is IELTS required for Germany?

No, IELTS is not always required for admission to Germany MBA colleges. It is primarily required if students are applying to English-taught university programs or jobs that require evidence of English language competence. German-taught programs demand evidence of fluency in the German language (like TestDaF or DSH).

Which entrance exam is best for MBA in Germany?

There is no single compulsory MBA entrance exam in Germany, nevertheless, GMAT or GRE test scores are accepted by the majority of business schools in Germany, with the GMAT being the most popular. Professional experience and English language proficiency tests like the IELTS or TOEFL as an alternative to a high GMAT score are also considered by a number of best universities in Germany for MBA.

What are the scholarship options for MBA students in Germany?

MBA students at best MBA colleges in Germany can apply for scholarships from universities, the German Academic Exchange Service (DAAD), and private organizations such as the Konrad-Adenauer-Stiftung or Heinrich Böll Foundation. A number of scholarships are based on merit, need, or aimed at international students. Moreover, partial tuition waivers for high-achieving candidates are offered by certain business schools in Germany.

What is the salary after MBA in Germany?

Post completing an MBA in Germany, graduates generally earn €70,000 to €100,000 annually based on industry, expertise, and location. The typical post-MBA earnings range from approximately €80,000 to €105,000 as frequently reported by prestigious business schools in Germany such as Mannheim or WHU, with consulting and finance positions paying €80K to more than €120K.

Is MBA in Germany taught in English?

Yes, a number of MBA courses in Germany are instructed entirely in English, particularly those aimed at overseas students. English-taught MBA programs are offered at top 10 MBA colleges in Germany, although German-language courses may also be offered by certain programs.

Which city in Germany is best for MBA?

Owing to its standing as a key financial hotspot and its closeness to global firms, Frankfurt is frequently regarded as the best city to study an MBA in Germany. With robust links to international firms such as BMW and Siemens, and an excellent standard of living, Munich is another favored option. Outstanding networking and employment prospects for business graduates are offered by both, Frankfurt and Munich.

Is there a 1-year MBA in Germany?

Yes, one-year MBA courses in Germany, particularly those aimed at professionals with previous professional experience are offered by a number of universities in Germany. These entail programs offered at Frankfurt School of Finance & Management, ESMT Berlin, and Mannheim Business School. These comprehensive programs are usually instructed in English and emphasize international business and leadership.

Which MBA is most in demand in Germany?

Owing to the country's robust financial industry, state-of-the-art engineering sectors, as well as focus on international trade, MBA courses in Germany specializing in Finance, Technology Management, and International Business are highly sought after. Moreover, MBAs from prestigious universities and global business schools in Germany with solid ties to industry are typically well-regarded.

What is the eligibility for MBA in Germany?

As part of MBA in Germany requirements, students generally need to hold an accredited undergraduate degree, possess 2-5 years of professional industry experience, and demonstrate fluency in English via tests like the IELTS or TOEFL; or German, based on the language of instruction. GMAT or GRE test scores may also be demanded by certain universities.

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