Thriving to gain knowledge about business management, Masters of Management in Germany is the best option. This 1-2 year program concentrates on courses like Banking, Taxation and Accounting, Management, Information Systems, Sales and Marketing. Masters in Management in Germany public universities may charge semester fees of around EUR 640 (INR 57,562) per year. Pay a tuition cost for MS in Germany of EUR 3,000-35,900 (INR 2,69,825-32,28,907) annually for Management masters. For admission to the program, achieve at least 2.5 GPA in bachelor degree in related fields. You must have TestDAF with 4 points or DSH level 2 to prove your German proficiency. You need to provide 6.0 IELTS score or 85 in TOEFL to provide evidence of English language proficiency.
Aspirants applying for MIM in Germany must analyze the ROI graph to make the most money after completing study. ROI calculates the net investment percentage over the earnings of students. The graph illustrates a high ROI inclination of 385% at University of Cologne. You need to disburse around EUR 12,472 (INR 11,21,745) annually to study in Germany at this university. Frankfurt School of Finance & Management has low ROI level of 97% and high expenses of EUR 49,220 (INR 44,26,899) per year.
The interesting part is that you can apply for Management Master of Science in winter or summer intakes in Germany. Just remember the fact, that you are required to pay an application fee of EUR 50-100 (INR 4,497-8,992). But, it is a demanding program. It offers a wide range of career prospects after completion of the program. You can attain various finance and marketing sectors in leading companies like Deloitte, Pwc, IBM etc. Entry-level graduates get a Master in Management salary Germany of around EUR 48,000 (INR 43,17,564) per year.
Why Choose to Study Masters of Management in Germany?
Interested aspirants immigrate to Germany to attain the benefits of studying Master of Management courses. You can attain various specialized Masters in Management courses in Germany like International Management, Brand Management, Global Management etc. The popular reasons for studying Master Management Germany are as follows:
- Management Consultancy Industries in Germany are projected with a revenue growth of EUR 1.88 billion (INR 1.69 lakhs crore) by 2025.
- Germany expects to attain EUR 49.12 billion (INR 44.18 lakhs crore) in Business and other management sectors by 2025.
- The market size of Germany in business sectors will earn an annual revenue growth rate of 11.91% by 2027. This will open vast job openings for graduates in Germany.
- Germany is home to top leading finance, marketing and business sectors like Deloitte, Pwc, IBM etc. You can earn an average annual salary of EUR 48,000 (INR 43,17,564) after attaining management jobs in Germany.
Top Universities for Masters of Management in Germany
You can attain Masters in Management in Germany free of cost at most public universities in Germany like University of Cologne. You need to pay the semester fee of EUR 640 (INR 57,562) to pursue the program. The tuition fees for Masters in Management in Germany public universities or private universities vary from EUR 3,000-35,900 (INR 2,69,825-32,28,907). You must have a GMAT score of 600 or higher to apply for Master of Management Germany. You can pursue Masters in Management in Germany without GMAT in Munich Business School and GISMA Business School. You must achieve a minimum score in German and English proficiency exams to study in Germany. The table below states the fees and score requirements for Masters in Management in Germany:
| Top Universities | Programs Offered | Annual Tuition Fees | Score Requirements |
| Frankfurt School of Finance & Management | MS in Management | EUR 35,500 (INR 31,93,530) |
TOEFL: 90 |
| Technical University Munich | MS in Management | EUR 8,000 (INR 7,19,660) | IELTS: 6.5 PTE: 65 TOEFL: 88 GMAT: 600 DSH 2 DSD II Telc C1 TestDAF 4 Goethe Certificate C2 OSD Certificate C2 |
| University of Cologne | Masters in International Management in Germany | EUR 640 (INR 57,562) | IELTS: 7.0 TOEFL: 100 PTE: 68 GMAT score required D SH 2 TestDAF 4 |
| Munich Business School | MS in International Marketing and Brand Management | EUR 16,600 (INR 14,93,122) | TOEFL: 85 IELTS: 6.5 Duolingo English Test: 115 PTE: 56 GMAT score not required. DSH or TestDAF required |
| University of Mannheim | Masters in Management | EUR 3,000 (INR 2,69,825) | TOEFL: 100 IELTS score: 7.0 GMAT or GRE score required Goethe Certificate C2 TestDAF 4 DSH 2 |
| WHU - Otto Beisheim School of Management | Master in Management | EUR 30,300 (INR 27,25,425) | TOEFL: 100 IELTS: 7.0 GMAT: 600 GRE: 158 ( Verbal) and 158 (Quantitative) DSH or TestDAF required |
| GISMA Business School | MS in Business Management | EUR 11,575 (INR 10,41,148) | IELTS: 6.0 or equivalent TOEFL or PTE score GMAT score not required DSH 2 TestDAF 4 |
| ESMT Berlin | Master in Global Management | EUR 32,000 (INR 28,78,480) | IELTS: 7.0 TOEFL: 100 GMAT or GRE score required German language of B1 or B2 level is required |
| CBS International Business School | MA Financial Management | EUR 15,840 (INR 14,24,799) | IELTS: 6.5 TOEFL score: 92 GMAT: 730 GRE score required German language proficiency at the B2 level is required. |
| HHL Leipzig Graduate School of Management | Master in Management | EUR 35,900 (INR 32,28,906) | IELTS: 7.0 TOEFL: 90 GMAT or GRE score required German language score not required |
Entry Requirements
You must submit documents like transcripts, language scores, resume etc. to apply to German universities for Masters in Management. You must have a German student visa to get admission for Masters in Management in Germany. Here, given below are the entry requirements to attain universities for Masters in Management studies in Germany:
Masters of Management in Germany Application Details
For applying Masters in Management studies in Germany, register through Uni-assist Germany or the university’s official portal. Uni-assist application portal accepted by Technical University Munich, University of Cologne and other universities. The uni-assist portal requires EUR 75 (INR 6,746) to handle the applications of students. To apply directly from the university’s portal, you require application fees of EUR 50-100 (INR 4,497-8,992). The table below states the application deadlines and fees for Masters in Management Germany:
| Top Universities | Application Deadline | Application Fee |
| Frankfurt School of Finance & Management | 30 June 2024 | Not required |
| Technical University Munich | 31 May 2024 | EUR 75 (INR 6,746) |
| University of Cologne | 31 March 2024 | EUR 75 (INR 6,746) |
| Munich Business School | 31 October 2024 (spring) 15 March 2024 (winter) |
EUR 60 (INR 5,396) |
| University of Mannheim | 15 May 2024 (Fall) | Not required |
| WHU - Otto Beisheim School of Management | 30 April 2024 | EUR 100 (INR 8,992) |
| GISMA Business School | Rolling | Not required |
| ESMT Berlin | 31 March 2024 | EUR 50 (INR 4,497) |
| CBS International Business School | 30 May 2024 (winter) 30 November 2024 (summer) |
Not required |
| HHL Leipzig Graduate School of Management | 31 May 2024 | Not required |
Cost of Living in Germany
As shown in the graph, ESMT Berlin has high living expenses of EUR 14,400 (INR 12,95,307) per year. The city of Berlin being Germany’s capital is quite expensive than other cities for its high accommodation cost. University of Cologne has the lowest cost of living at around EUR 11,832 (INR 10,64,311). Cologne city charges EUR 442 (INR 39,759), comparatively lower cost for accommodation in Germany than other cities. The table below states the cost of living for different universities to pursue Masters of Management in Germany:
Scholarships for Masters of Management in Germany
Numerous scholarships offer 25-50% funding to assist students in pursuing MIM in Germany. You need to have outstanding academic grades and a high GMAT score to apply for the scholarship. The table below shows the scholarships in Germany for international students for Masters in Management:
| Top Universities | Scholarship Name | Eligibility | Award Granted |
| Frankfurt School of Finance & Management | FS Master's Scholarships | You must be talented and must have strong performance in academics | Varies |
| Technical University Munich | TUM awards scholarships | You must have strong grades to be eligible | Varies from EUR 500 (INR 44,976) to EUR 1,800 (INR 1,61,934) per semester |
| University of Cologne | DAAD scholarships | Students with strong academic grades can apply | Varies |
| Munich Business School | MBS Explorer Scholarship | Students with economic difficulties can apply | Up to EUR 4,000 (INR 3,59,854) |
| University of Mannheim | Konrad-Adenauer-Stiftung | Highly qualified applicants are eligible | EUR 934 (INR 84,011) |
| WHU - Otto Beisheim School of Management | WHU Excellence Scholarship | Applicants demonstrating amazing academic grades are eligible | 25% of tuition fees |
| GISMA Business School | Academic Merit Scholarship | You must show amazing academic scores and high GMAT score to be eligible | Varies |
| ESMT Berlin | Women's Scholarships | Female students having leadership skills and strong academic achievements are eligible | up to EUR 10,000 (INR 8,99,581) |
| CBS International Business School | Friedrich-Ebert-Stiftung Scholarship | Students enrolled in masters courses can apply | Up to EUR 744 (INR 66,929) per month |
| HHL Leipzig Graduate School of Management | HHL Young Leipzig Leader Scholarship | Students must have 1st degree in business or related fields and minimum 650 GMAT score | up to EUR 5,000 (INR 4,49,791) |
Masters of Management in Germany Job Outcomes
Students get a chance to attain part-time jobs in Germany while studying the programs. You can earn a minimum wage of EUR 12.41 (INR 1,116) per hour by working as a blogger, research assistant, bartender etc. You can also achieve various jobs after MIM in Germany with lucrative salaries ranging from EUR 48,749 – 99,045 (INR 43,86,770-89,13,038). Here, below are the vast career opportunities attained by graduates after Masters of Management in Germany:
Top Recruiters for Masters of Management in Germany
Masters of Management courses offer students various jobs in Germany in leading companies. You can get jobs in finance, marketing, operation management and business development sectors. The top employers to recruit students after Masters of Management in Germany are listed below:
- Adidas
- SAP
- Bayer
- Accenture
- IBM
- Amazon
- Robert Bosch
- Deloitte
- Pwc
Work Permit
Jobs in Germany require a work permit visa Germany for international students. To apply for the visa, you must visit the nearest embassy of your location. For attaining the visa, register the residential address at the Office of the Embassy. You can get the General Work Permit to attend Management jobs in Germany. You can also apply for EU Blue Card visa if your gross salary is at least EUR 43,800 (INR 39,41,552). The documents required to submit to obtain the work permit are as follows:
- Transcripts
- Resume
- Passport size pictures
- Employment offer letter
- Proof of Health insurance
- Bank statement
- SOP for work permit visa
- Passport
For students aspiring to develop their careers in marketing or business sectors, MIM is the right course for them. You can check the above-mentioned requirements and fees to pursue the program. You can get the benefits of scholarships to cover the living and studying expenses in Germany.
FAQs
Ques: Is Germany good for Masters in Management?
Ans: Yes, Germany offers a vast career scope for students pursuing Master in Management. Germany business market is expected to earn an annual revenue growth rate of 11.91% by 2027.
Ques: What is the salary of MIM in Germany?
Ans: You can earn an average annual salary of EUR 48,000 per year after pursuing MIM in Germany. You can attain various job roles like marketing director, marketing analyst, brand manager etc. after completing the program.
Ques: Who is eligible for MIM in Germany?
Ans: You require a bachelor degree in marketing, economics, STEM or related field for MIM in Germany. A minimum GPA of 2.5 or higher is required in undergraduate degree.
Ques: Is MIM in Germany free?
Ans: Yes, most of the top public universities charge no tuition fees for pursuing MIM in Germany. You need to pay a semester fee to attain the program in those universities.
Ques: Is GMAT compulsory for MIM in Germany?
Ans: No, you may not submit GMAT score for admission to MIM in Germany. Various universities like Munich Business School and GISMA Business School do not accept GMAT scores for admission.
Ques: Can I get a job after MIM in Germany?
Ans: Yes, you can get hired in different job designations like marketing director, marketing analyst, brand manager etc after MIM in Germany. The average salary earned by graduates is EUR 48,000 per year.
Ques: Does MIM in Germany require IELTS?
Ans: Yes, MIM in Germany requires an IELTS score to give evidence of English language proficiency. You must secure a minimum IELTS score of 6.0 or higher to pursue the program.
Ques: What are the fees for MIM in Germany?
Ans: For pursuing MIM in Germany, you need to pay a tuition fee of around EUR 3,000-35,900. You can apply for a scholarship to manage the expenses of studying the program.
Ques: How much GMAT score is required for MIM in Germany?
Ans: GMAT is an entrance test for admission to management programs. You must submit a minimum GMAT score of 600 or higher to apply for MIM in Germany.
Ques: What is the duration of MIM course in Germany?
Ans: MIM courses in Germany vary from 1-2 years as per different universities. You can apply for various specializations like International Management, Brand Management, Global Management etc.
Ques: How much CGPA is required for Masters in Management in Germany?
Ans: You must complete a bachelor degree in STEM fields, marketing or management programs. For admission to Masters in Management in Germany, you require a GPA of 2.5 or higher.
Ques: What are the criteria for MIM in Germany?
Ans: MIM in Germany requires a GPA of 2.5 for bachelor degree. You must submit German and English language score requirements for admission to the program.
Ques: Is there scope for management in Germany?
Ans: Yes, you can get hired in top leading companies like Amazon, Robert Bosch, Deloitte etc. after management in Germany. You find jobs in different positions like marketing director, marketing analyst, brand manager etc.
Ques: In which universities you can attend MIM in Germany?
Ans: MIM in Germany is offered at various top universities like University of Cologne, Munich Business School, University of Mannheim etc. You must have German and English language proficiency skills to pursue the program.
Ques: What are the application fees for pursuing MIM in Germany?
Ans: Most of the universities require no application fee for MIM in Germany. However, you must pay an application fee of EUR 50-100 to attain the program.
Ques: What are the language requirements for MIM in Germany?
Ans: Yes, you must submit German and English language proficiency scores for admission to MIM in Germany. You are required to attain DSH 2, TestDAF 4 or DSD II as German language proficiency to pursue the program. For English language proficiency, submit an IELTS score of 6.0 or 85 in TOEFL for applying to the program.
Ques: Is a 2.0 GPA good enough to apply for MIM in Germany?
Ans: No, you need a good GPA to apply for MIM in Germany. You must secure a GPA of 2.5 or higher in bachelor degree to pursue the coursework.
Ques: Do I need a GRE score for MIM in Germany?
Ans: Yes, a GRE score is required for applying for MIM in Germany. You need to secure a minimum GRE score of 158 (Verbal) and 158 (Quant) to seek a MIM degree in Germany.
Ques: What are the living expenses in Germany for pursuing Masters of Management program?
Ans: The cost of living in Germany to pursue Masters in Management varies from EUR 11,832-14,400. You can apply for scholarships or attain part-time jobs to afford the expenses of studying in Germany.
Ques: Can I get a scholarship to pursue MIM in Germany?
Ans: Yes, numerous scholarships are available for pursuing MIM in Germany. The most popular scholarships are DAAD scholarships, Konrad-Adenauer-Stiftung etc.
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