Studying MBA in Germany is one of the most sought-after dreams for many international students.
And there is a reason for this.
Apart from the increase in the salaries that a management degree can earn you, the degree also comes with perks like – change of domain, taking the decision-making role of a company, and also unlimited work opportunities.
And the demand for Management professionals is growing each day globally!
In this article, we have covered in detail how can you Study MBA in Germany (Jobs, specializations, salaries, and much more!)
- Why study MBA in Germany?
- MiM (Masters in Management) vs. MBA in Germany?
- Specializations you can target when you come to study MBA in Germany
- Where can you work after your studies?
- Salaries in Management in Germany
- Top 10 Management Colleges in Germany
- Basic Requirements to study MBA in Germany
- Want to know more about studying MBA in Germany? Click below and download the FREE e-book!
Why study MBA in Germany?
The first question that probably comes to your mind right now is why should you even consider doing your Management studies in Germany?
Very valid question, and here is your answer.
First, Germany houses the biggest and best business schools in Europe and also around the world.
Secondly, you’d get unlimited opportunities to work after your studies are done. As per various reports, Germany will face a massive shortage of 3 million skilled employees within 2030, and a majority of these vacancies will be in Management positions of various firms.
Thirdly, you’d pay very low tuition fees for studying MBA in Germany, to be more specific the tuition fees you pay is 20% to sometimes even 50% less than what you pay in other countries! And for courses such as MIM (Masters in Management), you have NO tuition fees whatsoever!
So, MBA in Germany will cost you extremely low money and you don’t have the risk of going under a massive student debt!
And the last major advantage? The program duration is shorter, a typical MBA will need one year to maximum of 12-15 months to complete (for Masters in Management – MIM, the duration is two years).
MiM (Masters in Management) vs. MBA in Germany?
Whenever you are looking for Management programs in Germany, you’d see two options – MIM and MBA.
And the difference between the two?
Quite simple if you follow the following thumb rules!
MBA in Germany
MBA is for working professionals (3 to 4 years of Work experience is required minimum).
MBA programs are mostly conducted by the top private universities in Germany. And this is why most MBA programs in Germany would require you to pay tuition fees.
Don’t be! Because even if they charge tuition fee from you, each of these reputed colleges has the provision of scholarships and on top of it, the tuition fee that the German B-schools charge you is very low (even if you don’t get a scholarship!). It’s about 60% lower than what you see in other countries!
Plus you save one year of your career if you do MBA in Germany because most of the programs are of one year only!
And the job opportunities you get after MBA is usually in the top-management or middle-management roles.
MIM in Germany
So what about MIM or Masters in Management? These are specially targeted to young professionals who want to shift towards management at the very start of their careers.
These programs are conducted by Public universities also. And that’s why you will get the ZERO tuition fee advantage here!
These programs won’t require any work experience from you and are of two years.
And the job opportunities you can explore after MIM are usually junior-level management roles or if you have some prior work experience then you can get lower mid-level management roles too.
Specializations you can target when you come to study MBA in Germany
From Finance, Supply Chain to Marketing, International Management – Germany has everything to offer you in this space.
But choose a specialization which you think suits you and you are passionate about.
This is the most important thing.
Because choosing a subject you are passionate about will ensure that you do well during your studies in Germany and getting a job will become really easy for you after you finish your studies!
Here is an indicative list of specializations of Management courses that you can pursue in Germany:
- General Management
- International Management
- Supply chain Management
- Human Resource Management
- Sustainability and innovation
- Management of family businesses
- Digital transformation
- Startegy Management
- Domain specializations – Healthcare Management, Engineering and Management
Where can you work after your studies?
We all know that studying and getting a degree is not enough. After spending some of your years in Germany and also spending some money on your education abroad, you must get a job!
And let me you, because you chose Germany, you are in for a ride! Most of the companies in Germany are looking for qualified Management professionals all the time!
- When I was doing my Management degree from TU Hamburg, I saw multiple companies come for counseling starting from McKinsey!
- After your MBA you can work in any of the world’s top consulting firms – PWC, McKinsey, Delloite Gartner you name it!
- If you don’t want to go for pure consulting then you’d also have opportunities to work in the Management positions in the various German indigenous com top companies like Allianz, Deutsche Bank, Deutsche Telecom, Aldi, DHL etc.
- Management roles in the well-known German Engineering companies like Daimler AG (Mercedes Benz), BMW Group, Volkswagen Group, Siemens, Lufthansa etc.
- Technological giants like SAP
- Apart from this, you should also know that 70% – 75% of the German economy is run by the SME (Small and Medium enterprises), Family-owned businesses and start-ups! So they are always looking for qualified management professionals to help with their business!
Whatever happens, be assured that if you know your trade, you will get a job here after finishing your Management degree!
Salaries in Management in Germany
Germany is known for its employee-friendly work culture, a sufficient number of holidays, no overtimes whatsoever, but what about the salaries?
First, you should understand the salaries will depend on the location, the industry and also your skills.
Your ability to negotiate salaries will also play a key role!
(Please note your Salary will depend on your past experience (if any), your skills, and your employability!
Top 10 Management Colleges in Germany
Now before we dive in and see the Top 10 universities for Management studies in Germany, do you know that to get into these universities, your CV, SOP and LORs should be on point?
And the traditional rate of students getting accepted Globally in these universities is less than 0.001.
But still, with the help of Complete course for studying in Germany, we have been able to place students in each one of these Top 10 universities in Germany!
Also, steer clear of the “Free Rankings” given by agents, they will recommend the universities based on the commissions that they get!
Another important point, when you are looking for an MBA program in Germany you should look at their accreditations too (AMBA, EQUIS, or AACSB).
Based on that the top 10 colleges for MBA in Germany are:
- WHU – Otto Beisheim Graduate School of Management
- ESMT Berlin
- Frankfurt School of Finance and Management
- Mannheim Business School (MBS)
- HHL Leipzig Graduate School of Management
- TUM Technische Universität München
- Cologne Business School
- Berlin School of Economics and Law (HWR)
- ESCP – Berlin Campus
- RWTH Business School
Basic Requirements to study MBA in Germany
You should understand that GMAT is required to get into most of the reputed Management schools in Germany. Usually, anything above 600+ or 650+ is a good score but you should always target a 700+ score not only get more options of colleges but the scholarships are also given based on your GMAT score.
A top-notch SOP (Statement of Purpose), LOR (Letter of Recommendation), and CV are a must to get into any top college in Germany. And the importance of these is even MORE when you are applying to Management programs.
In most of the TOP colleges including the ones we have mentioned above, the admission committee gives your score on these documents and this contributes to the overall admission score.
The colleges will also take an interview (virtual/distance) to check your candidature and allot a score for you. And this interview round will also contribute to your overall admission score. Sometimes there will be two rounds of interviews.
The topic of the interviews will mostly revolve around your past profile. work experience and motivation to do an MBA with the college.
German language (Hidden requirement)
German is a must if you are targeting a management position in almost any company in Germany. Why?
Firstly, as a manager, you not only have to speak with the stakeholders of an organisation but also you have to give repeated instruction to the team working under you and you won’t be able to do it if you have no knowledge of German.
Secondly, to get promoted from junior management positions to top management positions you’d also need German. Let’s say, you only know English and the person with whom you are competing for the promotion know both English and German and you both have the same skillset otherwise. Who do you think will be selected?
German Level B1 is good but you should always target C1!
Third, most top colleges will also allot you scholarships based on your German proficiency.
And lastly, to get better job opportunities as a Management professional in Germany you need German.
Want to know more about studying MBA in Germany? Click below and download the FREE e-book!
I hope by now, you have got an idea of what you should do to study MBA in Germany. And like we said, this post is also relevant if you want to pursue your Masters in Management (MIM) degree also.
But this is just the starting point. This is where the game starts, you win the final boss fight when you get an admission letter from any one of the top universities!
And let me tell you the truth here.
Do you know for the top universities the intake ratio is less than 0.001? That means for every 1000 international students applying to the universities all over the world, only 1 student can get in!
So that’s why you need to completely focus on your CV (a German standard CV, not your traditional CV, neither a Europass CV, and nor the CV you have been casually using to apply for jobs).
Also, your SOP or Statement of purpose should be perfect! What we have seen multiple times is that students with average academics but with a brilliant SOP can easily get admission against someone who has brilliant academics but their CV or SOP was not good enough.
And one point students always miss is, you should be applying to the universities based on your background, grades and capabilities, that’s why shortlisting the universities based on your interests and background is of utmost importance rather than applying to them blindly!
Your SOP needs to be on point also, modified as per the universities.
So would you like to be a part of the top German universities or from any one of the 189+ German public universities without any hassles?
We also have a solution for this: Complete course for studying in Germany!
Click below to check out my online course on studying in Germany to know more!