All-in-One Guide to Study MBA in Germany for Indian Students

Why Study MBA in Germany?

It is a known fact that a lot of Indian students are going to study MBA in Germany. There are several reasons such as cost efficiency, industry recognition, and many more. Therefore, read below to know the reasons to choose Germany to pursue MBA.

1. Affordable Tuition Fees: Managing the finances while studying abroad is a major concern. Here, a huge percentage goes to the tuition fees of the colleges. However, the MBA in Germany costis lower compared to other study hubs such as the USA, UK, Australia, or Singapore. For instance, the tuition fee for an MBA at Frankfurt School of Finance & Management is $47,000, compared to that of Harvard Business School, which is $74,910. 
2. Numerous Scholarships:ESMT Berlin MBA scholarships, Go Global MBA scholarship and DAAD scholarships are some of the major financial aids that Germany offers to international students. By this, you will be able to manage other expenses such as accommodation, transportation, and the remaining cost of living on the foreign land. Moreover, you can get both government and institute based scholarships. 
3. Career Opportunities: Completing an MBA degree from Germany opens the doors to a successful career in the future. The reason can be research-based educational approach in the German institutes, links with global industries, hand-on experience during the course and many more. Moreover, you get the opportunity to either start a career in Germany itself in its business cities such as Frankfurt, or work in other major economic hubs of the world such as Paris, New York Shanghai, Beijing and others.
4. Diverse Student Environment: In the 2023/24 session, it was recorded that more than 469,000 international students were studying in Germany. Moreover, they are from more than 110 countries, proving the presence of a vast and diverse student body in Germany. The major benefit here is that you will get to learn a lot about new cultures, rituals, and also languages. Learning something new every day is an add-on to your profile.

These are some of the reasons that makes MBA from Germany a beneficial choice for the students. Moreover, as discussed that the tuition fees here is low, thus let us discuss the MBA in Germany cost based on a types of colleges.

Top Universities for MBA in Germany for Indian Students

The MBA in Germany for Indian students is very affordable. Thus, more and more students are turning to this country. If you are also one of such students who are planning to study here, then here are a few options that can offer you an MBA in Germany:

Top Public Universities for Indian Students to Study MBA in Germany

The universities that the Government funds are known as Public universities. They take students based on their academic merit and charge no or very low tuition fees. Here are some top MBA colleges in Germany for Indian students:

This is the MBA in Germany Public University list. Hope it was helpful. However, if you are looking for other options, check the section below!

Top Private Universities for Indian Students to Study MBA in Germany

Private colleges in Germany are funded through tuition fees and private organizations. While they have higher tuition costs, they offer flexible admission options for students who meet the basic criteria. Here are some of the best MBA colleges in Germany for Indian students:

This is the list of Private German MBA colleges for Indian students. Now, let's take a quick look at the fees to pursue an MBA in Germany for Indian students.

MBA in Germany: Public and Private Universities

Germany is known for its affordable education. Moreover, people choose this place because MBA is generally not a very pocket-friendly course, yet Germany offers it almost free for International students. Furthermore, the tuition fees for an MBA depend on several factors, where the type is university is a major one. Thus, go through the table below to understand the cost comparison of the public and private universities in Germany for an MBA. 

Other Costs for Indian Students to Study MBA in Germany

There are some expenses other than the MBA fees in Germany for Indian students, which are as mentioned below:

• Germany Student Visa and Health Insurance - Rs.10,000 - Rs. 18,000
• Living Expenses - Rs. 76,000-Rs. 1,00,000
• Financial Security Deposit - Rs. 10,00,00
• Books & Study Materials - Rs. 4,500 - Rs. 9,000

These are some additional charges that add to the MBA in Germany fees for Indian students regardless of whether they doing it from public or private school. Now, let's take a quick look at the admission requirements to get into MBA colleges in Germany for Indian students.

MBA in Germany: Scholarship and Financial Aid

As discussed above, Germany offers numerous scholarships to study MBA. These aids are both government and private institute-based grants. Moreover, these covers a proportion of tuition fees, and offer monthly stipends to cope with the living and overall MBA in Germany costs and other expenses. Therefore, let us read about some of the famous scholarships below.

1. DAAD Scholarships:

• Coverage: Entire expenses of 100,000 students
• Duration: 1-2 Years
• Eligibility: Only for international students
• Minimum marks: 85% or 8.5 CGPA
• Experience: 2 Years in research or graduate assistantship

2. ESMT Berlin MBA Scholarships and Awards:

• Coverage:  €1,000-€32,000, depending on the institute's tuition fees
• Duration: One-time award
• Requirements: Proper application, and proof of expenses through a blocked account.
• Procedure: Granted after passing a question-answer round.

3. Erasmus Scholarship Programs in Germany funded by the European Commission:

• Coverage: Monthly stipend of €350
• Duration: 2 Years
• Eligibility: The candidate must have a bachelor’s degree from a recognized institute.
• Requirement: EU-funded scholarships for Third Country students and EU/EEA students

4. Frankfurt School MBA Scholarships:

• Coverage: Up to 30% of the program fees
• Duration: Similar to course duration
• Courses covered: Executive MBA, MBA in International Healthcare Management, Part-time MBA, and Full-time MBA

These are the famous scholarships for MBAs in Germany for Indian students. Thus, check their eligibility, requirements, and other details and choose the one that fulfills your needs. This will for sure help you in reducing the MBA in Germany cost from your pocket and will save you from the financial burden.

Now, read the next section to learn about the career opportunities after studying MBA in Germany.

Eligibility Criteria & Admission Process for Indian Students

There is an admission requirement to study MBA in Germany for Indian Students. It is to ensure that the students applying to any German colleges can meet the basic criteria and adjust well. So, let’s check it out:

Eligibility Criteria

If you want to study in Germany and pursue your MBA degree, you need to meet the following requirements:

• Bachelor’s Degree from a Recognized College
• Minimum GPA of 60%
• 2-5 Years of Work Experience
• GMAT or GRE (As Needed)
• ELTS or TOEFL (If the Medium of Instruction is English)
• German Proficiency (If the Medium of Instruction is German)
• A well-written SOP for an MBA in Germany aligning the Future Goals
• 2-3 LORs from Employers or Professors
• Detailed Resume with Academic and Occupational Experience
• Passport and Visa with Validity
• Financial and Identity Proof

If you meet the eligibility criteria set to study MBA in Germany for Indian students, it’s time to know the admission process. So, let’s check it out!

Also read: SOP for MBA

Admission Process to Get into MBA in Germany

If you want to get into the top MBA colleges in Germany for Indian students, you have to follow this simple admission process.

• Think about your goals and requirements.
• Research for MBA college in Germany - Public and Private
• Choose the one that meets your requirements
• Appear for language proficiency tests
• Submit the admission application form
• Add SOP, LORs, CV, Trasnscipts, and scores
• Attend Interview (If Applicable)
• Accept the offer letter
• Open a blocked account
• Apply for a student Visa
• Fly to your dream country

Doesn‘t that sound simple? If not, don’t worry; our study abroad consultants can help you. Moreover, if your search for the right college hasn’t ended yet, then try our university finder for MBA in Germany because it has ample benefits for students. Check out the next section to know more about this.

Benefits of Studying MBA from Germany

Other than the affordable MBA fees in Germany for Indian students, there are way more benefits. Yes, that's true; here are a few listed below:

• It has a low cost of living compared to countries like the US, UK, and Canada.
• It provides high-quality education with top-ranking business schools in the world.
• Its degrees are globally recognized and accepted at national and international levels.
• It has a very low unemployment rate, so it offers good career growth opportunities.
• It's a great opportunity for international living, networking, and settling abroad with a high salary.

So, these are some of the top reasons to study MBA in Germany for Indian students. However, if you are not sure about this stream, you can turn to our MBA course finder in German universities to find out what matches your preferences.

 Career Opportunities after MBA in Germany

1.Finance:

Various job profiles that you are eligible for after doing an MBA in finance specialization are: Financial Analyst, Portfolio Manager, Chief Financial Officer, Investment Banker, Corporate Finance Manager.

The average salary in this field is €50,000 to €80,000 on average, depending on the firm, experience, and role.

2.Marketing:

Marketing is one of the most popular MBA specializations, which makes a student eligible for various roles such as  Marketing Strategist, Brand Manager, Digital Marketing Manager, Marketing Officer, and Marketing Executive.

The average salary after this specialization is €47,000 to €80,000, again depending on the firm, experience, and your role in the company.

3.Management:

After doing an MBA from this specialization, people are exposed to various job profiles, which are:  Assistant Manager, Management Consultant, Project Manager, Branch Manager, and Business Development Manager.

Moreover, the average salary that a candidate gets in this field ranges from €60,000 to €90,000, which depends on your role and firm.

4.Supply Chain Management:

This specialization is one of the most demanded fields in the coming years. Here, the job profiles that you can apply for are: Operations Manager, Supply Chain Manager, Procurement Manager, and Logistics Manager.

The average salary ranges from €45,500 to €80,000, depending on various factors.

Conclusion

In this blog, you've looked into the best colleges to study MBA in Germany for Indian students. Additionally, you read about the fees, eligibility criteria, admission process, and benefits of studying MBA in Germany.

Frequently Asked Questions:

Q1. Can I Get a Job After my MBA in Germany?

Yes, completing an MBA from Germany opens the door to various successful and high-paying job options, especially for skilled professionals.

Q2. Why Choose to Study in BSBI Germany?

BSBI is located in Berlin, which is also known as the heart of Germany. Therefore, you will get to live a vibrant life there and can get the opportunity to start a career in the start-up capital of Europe.

Q3. What Is the Acceptance Rate for IU Germany?

The acceptance rate of IU Germany is around 80%, which provides a moderate chance for the students to get admission there. 

Q4. Learning German: Is It Necessary for MBA Students?

Learning the German language is beneficial but not mandatory because the majority of MBA programs there are in the English language.

Q5. Is It Mandatory to Take the GMAT or GRE to Study MBA in Germany?

No. It is completely dependent on the college you are applying to study MBA in Germany. If the college needs a GMAT/GRE score, you need to sit for it or else, you can just skip it.