Masters in Management in Germany 2024: Fees, Public Universities

Masters in Management in Germany is a 10-18 months postgraduate level programme for international students. MS in Management in Germany is a course preferred by young professionals below the age of 24 with less or no prior work experience. The course provides global exposure and a wide range of opportunities to international students. Masters in Management is a full-time course offered by many top universities in Germany.

This Story also Contains

1. Masters in Management in Germany: Highlights
2. Masters in Management in Germany Public Universities
3. Masters in Management in Germany Free
4. Admission Requirements for Masters in Management in Germany
5. Masters in Management in Germany without GMAT
6. Cost of Studying Masters in Management in Germany
7. Scholarships for Masters in Management in Germany
8. Career Opportunities After Masters in Management in Germany

Indian students interested in applying for a Masters in Management in Germany can submit their online applications directly to the university's official website or seek assistance from other agents. Top universities offering Masters in Management in Germany include the University of Mannheim, Business School, TUM School of Management, EBS Business School, and others.

Candidates planning to seek an MS in Management in Germany must have completed their undergraduate degrees with a high GPA. Students are required to submit standardised test scores such as GMAT or GRE scores, however, it is not a mandated requirement and can strengthen their application for admission to top MIM universities in Germany.

The average cost of studying Masters in Management in Germany for international students is around EUR 15,000 to EUR 45,000 for top business schools. Candidates can look for various scholarships and grants offered by universities and external organisations to manage the cost of tuition at the university.

The average salary of Masters in Management in Germany graduates is around EUR 40,000 to EUR 70,000 per year. Graduates can work in various fields such as finance, consulting, operations, supply chain management, and others. Students who are interested in pursuing a Masters in Management in Germany must read the complete article to learn more about the top universities, scholarships, the cost of studying, and more.

Masters in Management in Germany: Highlights

Masters in Management in Germany Public Universities

Numerous universities in Germany offer master’s programmes to international students. Some of the German universities and colleges offering a Masters in Management programme are mentioned below.

Top MIM Universities in Germany

Masters in Management in Germany Free

There are several public universities in Germany which offer education for free. However, for international students, the cost of a Masters in Management in Germany is not completely free, students must pay a semester fee which varies according to the university.

Some universities might offer Masters in Management at a low tuition cost, but free education is not available for international students. Apart from this, students are also required to pay for living expenses in that particular city. Some of the universities that offer Masters in Management in Germany free or at low tuition fees are mentioned below:

Free Universities in Germany for Masters in Management

Admission Requirements for Masters in Management in Germany

International students are not required to have prior work experience, and MIM is an entry-level programme for younger graduates (below 24). Candidates planning to seek admission to MS in management in Germany are required to meet the following admission criteria and submit the below-mentioned documents:

• An applicant must have a bachelor’s degree from an accredited and recognised university.

• They must have a strong GPA of 3.0 or higher

• Certain universities require GRE or GMAT scores

• Students from non-English speaking countries are required to provide proof of English language proficiency by taking tests such as IELTS, TOEFL, and PTE.

• Some universities also require proficiency in the German language.

• Candidates must also meet other course-specific requirements.

Documents Required for MS in Management in Germany

• Academic transcripts

• Application confirmation copy

• Standardised test scores

• English language proficiency

• Letters of recommendation

• Passport

• Statement of purpose

• CV or resume

• German student visa

• Proof of funds

Masters in Management in Germany without GMAT

Yes, it is possible to study Masters in management without a GMAT as well. The requirement of standardised test scores such as the GRE or GMAT is a university prerequisite for admission to the MS in management programme. Candidates with strong application, excellent academic performance, and involvement in extracurricular activities have higher chances of getting admission to German universities even if they do not meet GMAT requirements.

Top universities for MIM in Germany without GMAT

• University of Mannheim

• Frankfurt School of Finance & Management

• Leipzig UNniversity

• University of Applied Sciences, Offenburg

• Witten/Herdecke University

Cost of Studying Masters in Management in Germany

The cost of studying Masters in Management in Germany varies based on the university chosen by the individual. Public universities in Germany offer various programmes at low or no cost, and students only need to pay the semester fees. The average fee for a Masters in Management in Germany is approximately EUR 20,000 - EUR 30,000 per year.

This cost includes the tuition fees for international students and the living expenses in that country. Although, the cost of tuition is low in Germany, but the cost of living expenses is extremely high. The cost of living in Germany is approximately 196.4% higher than in India, hence, students must plan their finances accordingly.

MIM in Germany Fees for Top Universities

Read more: Cost of studying MS in Germany

Scholarships for Masters in Management in Germany

Germany offers numerous scholarships to international students planning to pursue a career in MIM degree in the country. To reduce the financial burden of educational expenses, students can apply for financial aid offered by universities and organisations in Germany. A few popular scholarships to study Masters in Management in Germany are as follows:

MIM Scholarships in Germany for Indian Students

Also read: Scholarships in Germany

Career Opportunities After Masters in Management in Germany

MIM in Germany recently attracted the interest of numerous international students due to increased job prospects and high salary incentives. The programme provides exposure to global markets and potential job opportunities. The average starting salary for MIM graduates in Germany is between EUR 40,000 and EUR 70,000. Candidates' previous work experiences can lead to major salary hikes for overseas applicants. The popular work prospects for MIM in Germany are as follows:

• Consultant

• Investment Banking

• Project Management

• Supply Chain Management

• Operations

• Business Development