GETTING YOUR MBA IN GERMANY

GETTING YOUR MBA IN GERMANY

Germany is often known as the land of new opportunities and ideas in the European continent. It is a major center for research and development, innovation and technology. This is why it is considered to be one of the most sought after destinations for international students looking to pursue their graduate studies, specifically their MBA. 

Germany takes its education system very seriously and it features very exquisite infrastructure, top level facilities, and almost always no tuition fees, making the European country one of the most popular destinations for MBA studies. 

It is possible for students to get the degree via multiple modes. They can opt for the full-time study program, which would take between one year to two years to complete depending on the program itself and the school. Students can also opt for the half time study program (Part-time), where candidates would still be able to be employed with a company or an organization but would be required to study during the evenings and weekends. This would make the duration of the program longer. 

Some students who want to stay employed while studying to get their MBA degrees can also opt for the Executive MBA model. In this program, students sign an agreement with their employers and are usually sponsored by them. These are programs usually designed for executive managers and often structured in a very strict manner. 

While public universities are all tuition free, some of the top business schools in Germany do charge their students for MBA degrees. The average tuition fees in those schools ranges from €30,000 to €50,000 for full-time MBA and around €90,000 for Executive MBAs. 

Below are some of the best MBA programs currently held in Germany: 

  • ESMT Berlin 
  • Frankfurt School of Finance and Management 
  • Mannheim Business School 
  • Otto Beisheim Graduate School of Management 
  • Leipzig University 
  • Witten - Herdecke University 
  • EU Business SChool 
  • Munich Business School 
  • Technical University of Munich 
  • Offenburg University of Applied Sciences 
  • EBS University of Business and Law 

Most of these programs require applicants to have an undergraduate degree from a recognized institution, a high GRE or GMAT score, and proof of language proficiency (usually its English). Applicants are also required to have at least one year of experience before they decide to opt for an MBA degree, however, there are many top business schools that require at least 2 or 3 years of minimum work experience. 

Finally, the cost of living in Germany compared to other European countries is very reasonable. International students would need around €900 a month to cover the living expenses which would include rent. The overall cost of course depends on the city and the lifestyle of the students.