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Masters in Management in Germany

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Germany, being home to many world-class Business Schools, is becoming popular among international students who want to pursue a Master's in Management. Scholars aspiring to study management can apply and opt to study MIM in Germany. This course is generally 18 to 24 months long and teaches management techniques.

Many top public institutes in Germany provide management degrees in various disciplines like technology management, project management, marketing management, etc., free of cost. This is one of the major reasons why many international students are inclined to study Master in Management in Germany.
Are you also looking forward to pursuing your dream MIM course in Germany? Well, we are here to provide all the insights and details of studying Master in Management in Germany. Read further to get detailed knowledge about studying Master in Management in Germany!

Masters in Management in Germany: Course Highlights

Course

MIM in Life Science Management

MIM in Economics

MIM in Supply Chain Management

MIM in Marketing

MIM in Entrepreneurship

Eligibility

The candidate must have completed his/her graduation with a minimum required percentage in the relevant field.

The candidate must be qualified in any English/ German Language Proficiency Test.

The candidate must have a qualified GRE/GMAT (not mandatory).

Entrance Exams

GRE, GMAT, IELTS, TOEFL, or Any German Language Proficiency Test

Tuition Fees

3,000 EURO per semester approx.

Jobs

Project Manager

Business Development Manager

Reporting Manager

Project Planner

Average Salary

104,600 EURO per annum approx.

Why Masters in Management in Germany?

Germany is another dream study destination for many international institutes after the USA, UK, Canada, and Australia. Here, we have mentioned some common reasons to pursue a Master's in Management in Germany:

  • Best Universities
Germany houses many top institutes like Frankfurt Scholl of Finance and Management, Berlin Scholl of Economics, etc. The German institutes have a world-class education system with highly skilled and qualified teaching faculty.

  • No-Cost Education
Did You Know: - "The public universities of Germany don't charge tuition fees to either native or international students."
However, the students need to bear the cost of living themselves. This is why most of the top international scholars prefer to pursue their higher education in Germany.

  • Work While Studying
German institutes also allow work permits to students while studying. So that they can manage their cost of living themselves without burdening their parents; however, the part-time work hours are limited, i.e., they cannot work more than 120 days per annum.

  • High-Paying Jobs
The students can get promising career opportunities after pursuing a Master's in Management from German institutes. The average salary that an individual can earn after a Master's in Management in Germany is 104,600 EURO per annum approx.

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Top Universities to Study Masters in Management in Germany

Sr. No.

University Name

Course Name

QS World Rankings

1

WHU – Otto Business School of Management

Masters in Management in Entrepreneurship

18

2

TUM School of Management

Masters in Management & Technology

23

3

University of Mannheim

Master in Management Analytics

24

4

Frankfurt School of Finance and Management

Masters in Management in Applied Data Science

48

5

Leipzig Graduate School of Management

MIM in Finance & Economics

67

6

ESMT Berlin MIM Business School

Masters in Management in Operations & Supply Chain Management

90

7

EU Business School

MIM in Finance

101

Cost of Studying Masters in Management in Germany

The cost of studying in Germany is equal to the tuition fees plus the cost of living in Germany. However, public universities don't require any tuition fees; you need to pay a minimum semester fee at the time of the examination. Moreover, you also need to bear the cost of living like accommodation, transportation, food expense, etc.

We have mentioned the tuition fees of some private German institutes offering Masters in Management for your reference:

University Name

Course

Duration

Tuition Fees in INR & EURO

ESMT Berlin MIM Business School

Masters in Management in Operations & Supply Chain Management

2 Years

29,500 EURO

24.96 Lacs

EU Business School

MIM in Finance

1 Year

13,600 EURO

11.51 Lakhs

University of Mannheim

Master in Management Analytics

2 Years

6,500 EURO

5.50 Lakhs

Leipzig Graduate School of Management

MIM in Finance & Economics

2 Years

28,170 EURO

23.83 Lakhs

Frankfurt School of Finance and Management

Masters in Management in Applied Data Science

2 Years

32,000 EURO

27.08 Lakhs

WHU – Otto Business School of Management

Masters in Management in Entrepreneurship

2 Years

31,000 EURO

26.23 Lakhs

Cost of Living in Germany

The cost of living in Germany largely depends on the area and your standard of living. The southern part of the country, including Munich, Frankfurt, Stuttgart, etc., are the most expensive cities in Germany as compared to other cities like Berlin, Leipzig, etc. The average monthly living expenditure costs 860 EURO, excluding the accommodation charges. The cost of accommodation is the highest in Germany. A 1-bedroom set can cost you around 800 -1000 EURO per month, depending on the location. However, if you decide to stay in shared apartments, the cost will decrease effectively.

Eligibility Criteria for Masters in Management in Germany

The student must fulfil the eligibility requirements before seeking admission to any of the German institutes. The eligibility criteria vary from college to college; however, we have mentioned some common eligibility requirements to get admission to Masters in Management in Germany below:

The candidate must have cleared a 3-year graduation program from a recognised college/university with the minimum required percentage.
The candidate must qualify for German and English language proficiency tests with the minimum required scores.
Some universities also require valid GMAT/GRE scores and proven work experience in the relevant field.
The students must also submit three LORs (Letters of Recommendation) and an SOP (Statement of Purpose).

Exams Required to Study Masters in Management in Germany

Most German institutes require the candidates to qualify for any of the English/German proficiency tests before admission. German proficiency is also required in some public institutes due to the availability of courses in their native language.

Moreover, some institutes even require qualifications, valid scores card of exams like the GRE and GMAT, and some proven work experience in the relevant field. We have mentioned the minimum required band score for the exams accepted by some of the top German institutes below:

University Name

Exam Accepted

Minimum Band Score

ESMT Berlin MIM Business School

TOEFL

IELTS

PTE

GMAT

TOEFL: 90

IELTS: 7.0

PTE: 60

GMAT: 640

EU Business School

TOEFL

IELTS

PTE

TOEFL: 90

IELTS: 6.5

PTE: 65

WHU – Otto Business School of Management

TOEFL

IELTS

GMAT

TOEFL: 100

IELTS: 7.0

GMAT: 600

TUM School of Management

TOEFL

IELTS

TOEFL: 88

IELTS: 6.5

Frankfurt School of Finance and Management

TOEFL

IELTS

TOEFL: 90

IELTS: 7.0

Leipzig Graduate School of Management

TOEFL

IELTS

GMAT

TOEFL: 90

IELTS: 7.0

GMAT: 600

University of Mannheim

GMAT

GMAT: 600

Other English Language Proficiency Tests

Scholarships to Study Masters in Management in Germany

Scholarship Name

Description

Eligibility

Amount in INR & EURO

DAAD

Awarded to all German and International students who want to pursue a full-time master's degree in Germany.

  • The candidate must have completed a 3-year graduation degree in the relevant field of education.
  • The candidate must have proven work experience of 2 years.

850 EURO per month

INR 71,931 per month

Heinrich Boll Foundation

1200 scholarships are awarded to deserving candidates, irrespective of their nationalities.

  • The candidate must be a student of any state university or state-recognised university.
  • The candidate must exhibit outstanding performance in academics.

850 EURO per month, along with their allowances.

INR 71,931 per month

Erasmus+

It is a European Commission that provides funds to international students.

  • The candidate must be a student of the German institute.
  • The university must have an agreement with Erasmus Charter for Higher Education.

It covers the entire cost of living plus the travel expenditure of an individual.

Jobs and Salary after Masters in Management in Germany

The candidates have a high chance of getting hired by top multinational companies after pursuing a Master's in Management in Germany. Studying in top German institutes provides promising career opportunities for high-scoring scholars. The average salary of an individual after pursuing MIM in Germany is 118,000 EURO per annum approx. We have mentioned the expected salary range along with the job profile after pursuing a Master's in Management in Germany for your reference:

Job Profile

Salary in INR & EURO

Business Development Manager

179,000 EURO

15.14 Lacs

Project Manager

133,500 EURO

11.29 Lacs

Digital Manager

128,600 EURO

10.88 Lacs

Revenue Manager

155,000 EURO

13.11 Lacs

Project Planner

118,000 EURO

9.98 Lacs

Supply Chain & Operations Manager

149,000 EURO

12.6 Lacs

Project Development Manager

161,664 EURO

13.68 Lacs

How to Study Masters in Management in Germany?

The application procedure for studying MIM in Germany is generally the same for all institutes. We have mentioned some common steps of application to get admission in Masters in Management in Germany below:

  • Shortlist the college and course of your choice.
  • Visit the official website of the selected college and check the eligibility.
  • If you satisfy the eligibility criteria, ensure that your passport is valid for the next 3 years.
  • Fill out the application form and upload all the necessary documents.
  • Cross-check all the information before paying the registration fees.
  • After this, you need to wait for 2-4 months for a response from the concerned university/college.
Note: Some German public institutes don't require registration or application fees.

Germany is widely known for its highly developed economy. Now, the country has proved itself to be the best in the field of education also. We hope you found this article informative while planning for further studies in Germany. If you still have any questions or doubts, contact aecc for further assistance. Our team of highly qualified professionals is always ready to sort out all your queries and doubts regarding studies abroad.

So, don't waste your time further. Register with aecc and pursue your dream career in your dream study destination!

aecc is one of the world's leading educational consultancies with versatile expert professionals ready to help you with any queries you may have. Contact us so we can be of assistance to you in your journey to achieving your dream.


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