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.|
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. |
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:
|
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 |
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 |
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.
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.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 |
|
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. |
|
850 EURO per month INR 71,931 per month |
|
Heinrich Boll Foundation |
1200 scholarships are awarded to deserving candidates, irrespective of their nationalities. |
|
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. |
|
It covers the entire cost of living plus the travel expenditure of an individual. |
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 |
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:
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.
Test Preparation
Premium Counselling
Get in Touch
About Us
Quick Links
Book your FREE consultation with Certified Counsellors
Missed our working hours?
Fill out this form for a callback!
