Careers360 Logo
Masters in Management in Germany 2024: Fees, Public Universities

Masters in Management in Germany 2024: Fees, Public Universities

Edited By Stuti Jain | Updated on Jul 17, 2024 12:01 PM IST

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.

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.

Study in USA

Universities inviting applications | Get expert guidance

Study in Australia

Shortlist best ranked universities & get expert guidance

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

Particulars

Details

Programme Name

Masters in Management in Germany

Programme Type

Full-time

MIM in Germany Duration

10-18 months

MS in Management in Germany: Eligibility Criteria

Bachelor's degree

MIM in Germany, Language Proficiency Requirements

Minimum 6.0-6.5 IELTS band, TOEFL/PTE, or German language proficiency equivalent

MIM in Germany Cost

EUR 15,000 to EUR 45,000 for top-ranked universities

Best MIM Colleges in Germany

  • Technical University of Munich

  • Heidelberg University

  • RWTH Aachen University

  • University of Mannheim

  • Frankfurt School of Finance & Management

Average Salary

Rs 40 lakhs - Rs 65 lakhs

Standardised Test

GMAT/GRE

Top MIM in Germany Specialisation

  • Finance

  • Marketing

  • Entrepreneurship

  • Data Analytics

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

University

QS 2025 World University Ranking

WHU (Otto Beisheim)

22

University of Mannheim, Business School

26

TUM School of Management

27

EBS Business School

41

Frankfurt School of Finance & Management

43

ESMT Berlin

63

HHL Leipzig Graduate School of Management

=72

EU Business School

121-130

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.

Study in Ireland

Want to study in Ireland? Explore Universities & Courses

Manipal University Online MBA

Apply for Online MBA from Manipal University

Documents Required for MS in Management in Germany

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

University

Tuition Fees (per semester)

University of Mannheim, Business School

EUR 1,500 + EUR 169 (semester fee)

TUM School of Management

EUR 4000

EBS Business School

EUR 7,950 - EUR 11,925

Frankfurt School of Finance & Management

EUR 35,500 (total cost)

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

DAAD

Christian Wulff scholarship

Erasmus Mundus Scholarship

Heinrich Böll scholarships

ACES scholarships

German Chancellor Fellowship

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

Frequently Asked Question (FAQs)

1. Is Germany good for masters in management?

Yes, Germany is one of the top countries to pursue Masters in Management due to its renowned universities, affordable tuition fees, high-quality education, and better student life offered in the country. University graduates in Germany are encouraged to indulge in trainin, and internships to get better growth and career opportunities.

2. Is MIM in Germany free?

Various public universities in Germany offer the MIM programme for free. However, for international students, the educational cost of Masters in Management in Germany is not completely free, and they are required to pay a semester fee which varies according to the university. Some of the universities that offer Masters in Management in Germany free or at low tuition fees include Technical University of Munich, Heidelberg University, RWTH Aachen University, University of Freiburg, and more.

3. Is GMAT compulsory for MiM in Germany?

No, GMAT is not a mandated requirement for MIM in Germany. Numerous Universities in Germany do not require GMAT as a mandatory requirement for admission to Masters in Management programme. However, students must meet other requirements set by the university, and have a strong application with high academic excellence, and proficiency in German or English language.

Articles

Questions related to

Get answers from students and experts

Hi there,

Hope you are doing fine.

Choosing the best country for a masters in animation depends on various factors including the educational quality and industry connections.

The United States stands out with prestigious institutions like CalArts and the School of Visual Arts, offering excellent programs and strong industry ties. The United Kingdom also has renowned programs at schools such as the Royal College of Art and University of the Arts London which focuses  on both traditional and innovative techniques.

Canada is notable for its high quality programs at institutions like Sheridan College and Vancouver Film School, with robust industry connections. France, with its rich animation history provides strong programs at Gobelins and the Ecole des Beaux Arts.

Hope this resolves your query.

Hy,

Studying in Germany can be an attractive option due to its high-quality education and relatively low tuition fees. While "free" education is not always entirely accurate, many public universities in Germany do offer low or no tuition fees for international students. Here’s a guide to help you understand the process:

1. Understanding Tuition Fees

  • Public Universities : Many public universities in Germany charge low or no tuition fees for international students. However, there may be a nominal semester fee (which covers administrative costs, student services, etc.) that ranges from EUR 150 to EUR 300 per semester.
  • Private Universities : Private institutions generally charge higher tuition fees.

2. Eligibility for Free or Low-Cost Education

  • Public Universities : You can study at public universities with minimal tuition fees if you meet the admission requirements and apply to a program that does not have additional costs.
  • Scholarships : Various scholarships are available to cover living costs and other expenses. Check for scholarships offered by universities, government programs (like DAAD), or private organizations.

3. Application Process for German Universities

  1. Research Universities and Programs : Identify universities and programs that match your interests. Use resources like the DAAD (German Academic Exchange Service) website to find suitable options.

  2. Check Eligibility Requirements :

    • Academic Requirements : Ensure you meet the academic qualifications for the program you’re interested in. For undergraduate programs, this typically involves having completed secondary education equivalent to the German Abitur.
    • Language Requirements : Many programs are in German, so proficiency in German might be required. For programs in English, you will need to demonstrate proficiency in English (e.g., through TOEFL or IELTS scores).
  3. Prepare Documents :

    • Transcripts and Certificates : Your intermediate or high school transcripts and certificates.
    • Proof of Language Proficiency : If applicable.
    • Motivation Letter : Explaining why you want to study the chosen program.
    • CV/Resume : Detailing your educational background and any relevant experience.
    • Passport : A valid passport.
  4. Apply Through University or Uni-Assist :

    • Direct Application : Some universities allow direct applications through their own online portals.
    • Uni-Assist : Many universities use Uni-Assist, a service that helps with the preliminary review of applications from international students. Check if the university you’re applying to uses Uni-Assist.
  5. Apply for a Student Visa :

    • Visa Application : Once admitted, apply for a student visa at the German embassy or consulate in your home country. You'll need proof of admission, financial resources, and health insurance.
  6. Attend Interviews (if applicable) : Some programs might require interviews or additional assessments.

  7. Register at the University : Once you receive your visa and arrive in Germany, complete your registration at the university.

Scholarships and Financial Aid

  • DAAD Scholarships : The German Academic Exchange Service offers various scholarships for international students.
  • University Scholarships : Check if the universities you are applying to offer scholarships or financial aid.

Summary

While you may not find completely free education, many German public universities offer low-cost education. The application process involves researching universities, meeting eligibility criteria, preparing necessary documents, and applying either directly or through Uni-Assist. Additionally, exploring scholarship opportunities can help cover living costs.

For the most accurate and specific information, always refer to the official websites of the universities and the DAAD website.


There might be discrepancies between your academic documents (graduation certificate with old name) and application documents (with new name). This can cause delays while German authorities verify the name change.

You might need to provide additional documents to prove the name change is legal and legitimate.

I hope it helps!

Correct Answer: The Potsdam Agreement  

 


Solution : The Potsdam Agreement, concluded after World War II, led to the division of Germany into East Germany (controlled by the Soviet Union) and West Germany (controlled by the Western Allies).  

View All
Back to top