Masters In Management in Germany
Get comprehensive guidance from experts and turn your dream of pursuing a Masters in Management in Germany into a Reality.
Pursuing a Masters in Management in Germany(MIM) opens doors to numerous academic and professional opportunities. German universities are renowned for their practical and industry-focused education. The availability of scholarships, including the DAAD Scholarship, reduces the financial burden significantly.
Graduates of Masters in Management programs benefit from Germany’s robust economy and extensive work opportunities for MIM graduates, supported by an 18-month post-study work visa.
Best Management Programs in Germany
Germany offers some of the best management programs globally, with top universities providing world-class education.
University | Specialisation | Program Highlights |
Berlin School of Business and Innovation | Strategy, Finance, Marketing | Highly rated, Focus on analytical skills |
EU Business School, Munich | Entrepreneurship, leadership | Practical exposure and global network |
Munich Business School | Innovation, Supply Chain Management | Research-driven, strong industry links |
GISMA Business School - GUS | Finance, Digital Business | Focus on Innovation and leadership. |
Top Universities for Masters in Management in Germany
Germany is a leading destination for international students seeking high-quality education in Master’s in Management (MIM). Let us look at some of the best institutions offering various management courses.
IU University of Applied Sciences
At IU University of Applied Sciences, Masters in Management (MIM) Germany programs are designed for aspiring global leaders, these programs offer cutting-edge coursework, practical exposure, and an immersive understanding of management principles.
Type | Private university |
Acceptance rate | 75% |
Student-faculty ratio | 15:1 |
Location | Berlin, Germany |
Average tuition fees (Euro/INR) per year | € 12000/ ₹ 11 lakhs |
Programs Offered | Masters in International Management, Masters in digit Product Management, Masters in Project management, Masters in Management ( All Major Specialisations) |
Munich Business School
At the Prestigious Munich Business School(MBS), Masters in Management Germany programs are top-tier programs tailored for ambitious graduates. Positioned among the top German Universities for management, the MIM programs equip you with practical expertise and a global perspective. These courses emphasise the MIM program requirements, offering specialisations such as digital marketing, finance, and entrepreneurship.
Type | Private university |
Acceptance rate | 35% |
Student-faculty ratio | 10:1 |
Location | Munich, Germany |
Average tuition fees (Euro/INR) per year | € 22000/ ₹ 19.8 lakhs |
Programs Offered | Masters in International Business Management, Master in Luxury Management, Master in International Marketing & Band Management, Master in Business Management |
Berlin School of Business and Innovation
Master in Management Germany programs at the Berlin School of Business and Innovation(BSBI) are ideal for aspiring professionals aiming to build a global management career. Here, networking with industry leaders enhances career prospects, establishing BSBI among the top German universities for management.
Type | Private university |
Acceptance rate | 65% |
Student-faculty ratio | 15:1 |
Location | Berlin, Germany |
Average tuition fees (Euro/INR) per year | € 20000/ ₹ 17.8 lakhs |
Programs Offered | MSc in Global Logistics and Supply chain Management, MSc in Global Human Resources Management, MSc in Sports Management, MSc in Real-Estate and Assets Management, MSc in International Health Management, MA in Energy Management, MSc in Engineering Management, MSc in Information Technology management |
Eligibility Requirements for Master in Management(MIM) in Germany
Are you looking to study management in Germany? It is crucial to understand the eligibility criteria, admission process, and required documentation to ensure a smooth application experience.
- Eligibility criteria
The eligibility criteria for a management degree in Germany vary across universities. However, most institutions have similar requirements.
Academic Requirements
- A bachelor's degree in related fields from a recognised university
- A minimum GPA of 2.5 on a 4.0 scale, varies across universities.
Language Proficiency
- English Proficiency Score
- Minimum 6.5-7 bands in IELTS
- Minimum 90- 100 in TOEFL-iBT
- Minimum 65 in PTE Academic.
- German Proficiency Score(IF Required): While some programs are entirely in English, others might need basic knowledge of German (A1 or A2 Level).
Entrance exam Scores
Many top universities require a GMAT(600+) or GRE score.
Work Experience
Having work experience is optional but highly regarded by universities and improves admission chances.
2. Admission process for MIM in Germany
You must follow the steps below to secure admission into the Top German Universities for Management.
- Identify universities offering the best MIM courses in Germany based on your academic background, preferences, and program structure.
- Compile all essential documents for the application, including academic transcripts, and English/German proficiency test scores.
- Apply online through the university portal or a centralised platform like Uni-Assist. Ensure you meet the deadlines, as the winter semester (September/October)is highly competitive.
- Some universities might conduct virtual interviews to evaluate your skills and sustainability for the program.
- If selected, you will receive an acceptance letter. Pay the enrollment fees (if applicable) to secure admission.
Document Checklist
Here is the list of documents required for the university application process:
- Certified copies of academic degrees and transcripts.
- English and/or German proficiency test scores.
- Valid GMAT/GRE Scores.
- Statement of Purpose
- Letters of recommendation
- CV/ Resume
- Passport copy
Cost and Financial Aid Options for Masters in Management Programs in Germany
Although a Masters in Management(MIM) in Germany is known for its affordability compared to other global destinations, you must be aware of both academic and living expenses.
You would pay between €10,000- €30,000 (₹ 9lakhs -₹ 27lakhs) per year for tuition fees in renowned private universities. The semester contributions and study material may cost around € 300 - € 500 (₹ 27,000 - ₹ 45,000) per year.
Cost of living
Below is a breakdown of key living expenses per month.
Expense | Average Monthly Cost | Equivalent in INR (approx.) |
Accommodation | € 300 - € 700 | ₹27,000 - ₹63,000 |
Food and Groceries | € 150 - € 250 | ₹13,500 - ₹22,500 |
Health Insurance | € 110 - € 150 | ₹9,900 - ₹13,500 |
Transportation | € 50 - € 100 | ₹4,500 - ₹ 9,000 |
Miscellaneous Expenses | € 100 - € 200 | ₹ 9,000 - ₹ 18,000 |
Related Blog: Cost of Living in Germany Cost of Studying in Germany
Financial Aid Options
To ease the financial burden, numerous Scholarships and financial aid options are available for Indian students pursuing management degrees in Germany.
Scholarships and Financial Grants | Eligibility | Coverage | Amount |
DAAD Scholarship | Open to international students in top German universities | Tuition fees, living costs, travel allowance, and health insurance | Up to € 861 /month (₹ 73,000 approx) |
Erasmus+ | Available to International students pursuing a degree in Europe | Tuition fees and travel cost | Varies based on programs and duration. |
Deutschlandstipendium | High-achieving students at the German Universities | All expenses | € 300/ month for one year (₹ 27,000) |
Another way to ease the financial burden of studying and living in Germany is part-time work opportunities. International students can work up to 120 full days or 240 half days per year, helping to manage living expenses.
Related Blog: German Scholarships
Job Opportunities in Germany After Completing a Master's in Management
Germany, known for its developed economy and high-quality education system, offers abundant job opportunities for graduates of master's in management (MIM).
Job Role | Average Salary (EURO)/year | Equivalent in INR (approx.) |
Business Analyst | €45,000 – €55,000 | ₹39,00,000 - ₹48,00,000 |
Project Manager | €60,000 - €75,000 | ₹52,00,000 - ₹65,00,000 |
Marketing Specialist | €50,000 - €65,000 | ₹43,00,000 - ₹56,00,000 |
Financial Consultant | €55,000 - €70,000 | ₹48,00,000 - ₹61,00,000 |
Operations Manager | €70,000 - €90,000 | ₹61,00,000 - ₹78,00,000 |
Senior Manager/ Director | €100,000+ | ₹87,00,000+ |
Takeaway
Masters in Management (MIM) in Germany offers world-class education, affordable tuition fees, and vast career opportunities in a flourishing economy. Top German universities and business schools provide excellent MIM Specialisation options, practical learning, and post-study work visas, making Germany a top choice for International students.
Advance your career with a Masters in Management in Germany – Get expert guidance from AECC to navigate your application process!
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