Germany, the largest economy in Europe and the fifth largest in the world is the third most popular MBA destination amongst international students in the world. Recent surveys form QS and GMAC shows that increasing number of GMAT test takers planning to pursue MBA from abroad are sending their scores to B schools in Germany.
The MBA education system in Germany is reputed worldwide and the nation is known for its high class education standards. Germany is becoming a preferred destination for MBA students seeking admission in MBA programmes abroad because of its strategic location at the heart of Europe and presence of renowned market leaders such as Mercedes, BMW, Audi and many others.
Living in Germany gives easy access to other important countries in Europe. Ample opportunities in terms of career and learning multiple languages and cultures are available for MBA graduates in this flourishing economy. Another reason for Germany becoming an MBA abroad favourite for international students is the affordable living expenses and the safe environment.
Salient Features of an MBA in Germany
1. Duration of MBA programs is between 12 months to 18 months
2. Tuition Fee ranges from Rs.20 to Rs.28 lakhs
3. Living expenses range from Euro700 to Euro2000 per month
4. English is the language of instruction in B schools
5. Optional/Mandatory German language classes
6. Many scholarship options are available to international students. The German Academic Exchange Service (DAAD) is one of the largest scholarship organizations in the world and offers countless scholarship programmes.
7. English Language proficiency tests may be waived off for students who studied in an undergraduate degree granting institution where English is the language of instruction.
8. Strong academic records required.
9. Minimum work experience of 2-3 years
Top B-Schools in Germany
To fulfil your dream of pursuing quality MBA from abroad, Germany is one of the best recommended distination. Top B schools in Germany offer host of MBA programmes with high placement record in top global corporate houses.
University of Mannheim - Mannheim Business School
Mannheim Business School is Germany’s leading business school and is recognized worldwide for its high quality education standards. More students aspiring to seek admission opportunities in MBA abroad prefer Mannheim to other B schools and other countries. The No.1 MBA in Germany, Mannheim MBA is ranked 55th in the world by The Financial Times ranking, 2015.
WHU-Otto Beisheim School of Management
WHU– Otto Beisheim School of Management is a privately funded business school based in Vallendar/Koblenz and in Düsseldorf and is amongst Europe’s top 40 B-schools. Beisheim is considered to be Germany’s second best.
ESMT-European School of Management and Technology
ESMT in Berlin is an international non-profit business school founded by 25 global companies and institutions. Being the corporate funded B school, it offers great career opportunities for the students seeking admission in MBA abroad programme. Worldwide ESMT is ranked 63rd and is rated 21 among top B schools in Germany.
EBS University of Business and Law - EBS Business School
EBS is one of the leading institutions for international business education in Germany. What sets apart EBS from other schools is the unique combination of Business and Law schools together which has become a great attraction for the aspirants planning to pursue MBA from top B school abroad.
Frankfurt School of Finance & Management
Frankfurt School of Finance & Management is a research-led business school located in Frankfurt. Frankfurt MBA is increasingly getting popular among the MBA abroad aspirants from all over the world due to its research driven curriculum.
HHL Leipzig School of Management
HHL is one of Germany’s oldest business schools and is a preferred destination for MBA abroad. HHL is reputed for its internationality and network. Almost 30% of the international students come from 5 countries. HHL MBA is ranked 32nd best in Europe.
Your Career prospects after an MBA in Germany
QS Research shows that Germany is amongst the top 10 countries in the world for MBA job availability. Germany has a sound labor market that provides great opportunities for well-educated, international employees. Graduates can opt to stay in Germany to work and also look for international destinations as recruiters all around the globe hire German MBA graduates. German MBA is recognized worldwide for its quality. B-Schools in Germany provide excellent career services including on-campus placement services, career fairs and networking with corporate leaders. A strong alumni network also makes sure to assist the graduates to have a grip on their careers. Corporate internships are also an important part of the MBA programmes and a stepping stone towards the post MBA career.
Career statistics of the popular B-schools
• Annual mean salary of an MBA graduate of the class of 2014 from Mannheim was USD106, 106 (Rs.73 lakhs) with almost 90% accepting job offers within 3 months. There has been an increase of 73% in the average salary of Mannheim graduates since the last batch.
• ESMT reported to have placed almost 82% on graduation with average yearly salary of €87,211 (Rs. 64 lakhs)
• 82% to 92% of MBA graduates from top B-schools received offers three months after graduation.
• Highest number of graduates can be seen joining Consulting, IT/Telecommunications and Finance functions.
• About 70% of the graduates work in Germany while some 10% joins corporations abroad.
In fact, number of top rated B schools in India like older IIMs, ISB and other highly ranked B schools also have a high fee structure. Comparing the fee structure of top Indian B schools and top Germany B schools makes clear while the difference in fee is not so high, the ROI is higher after doing MBA from B schools in Germany.
Glimpses of MBA Programme with admission criteria in few Germany B schools
Below is shared the indicative fee structure, MBA programme duration, required GMAT score and desired minimum work experience required to seek admission in top B schools in Germany.
|
B-Schools |
Tuition Fee |
Program Duration |
Min work experience |
Min GMAT |
|
Mannheim Business School |
€ 36,000 |
12 months |
3 years |
600 |
|
WHU-Otto Beisheim School of Management |
€36,900 |
15 months |
2 years |
600 |
|
ESMT |
€38,000 |
12 months |
3 years |
600 |
|
EBS University of Business and Law |
€32,500 |
18 months |
3 years |
No min |
|
Frankfurt School of Finance and Management |
€31,000 |
15 months |
2 years |
No min |
|
HHL Leipzig School of Management |
€29,000 |
15 months |
2 years |
No min |
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