MBA in Germany: Everything you Need to Know
B-schools across Europe offer a wide variety of MBA courses, and these courses are guaranteed to prepare you for the international market! Germany is one of the premier countries in Europe when it comes to international students seeking top B-schools.
So, if you are planning to apply to a German B-school, you have come to the perfect guide. An MBA in Germany can last between 12 and 24 months. Some courses make an exemption lasting 15, 18, or 20 months. For example, the ESCP – Berlin Campus offers an Executive and International management MBA program for a duration of 18 and 10 months respectively. Similarly, Cologne Business School offers MBA in International Management for One year and two years.
Besides, you should also note that most publicly funded universities in Germany levy no tuition fees. However, students are required to pay an administration fee.
In this article, we look at why you should pursue an MBA in Germany, Top MBA colleges in Germany, and much more.
Top 5 B-schools in Germany
The ESMT Berlin MBA is a one-year full-time MBA course that starts in January. It is based out of Berlin and focuses on technology, innovation, sustainable business development, and big data. A part-time MBA is also available with 24 months duration.
The MBA program focuses on general management and personal development and believes that 50% of an MBA experience is through new learning in the classroom, and 50% by integrative personal development.
The average salary for the MBA class of 2018 is €74,536, and the cost of a one-year MBA is €43,500. The majority of the students were placed in Consulting (25%), followed by technology (12.5%), and e-commerce (10%).
The average GMAT score requirement is 640+.
Frankfurt School of Finance and Management
The Frankfurt School of Finance and Management offers a full-time MBA program for a duration of 12 months. It also offers a Full-time Executive MBA for 18 months. Besides, students have the option of switching to a part-time course.
The average cost of a full-time MBA is €38,000, and the average salary for the MBA class 2019 is €65,000. The majority of the students were placed in Pharma/Healthcare, Consulting, Financial Services, and Banking.
Mannheim Business School (MBS)
The Mannheim Business School offers both full-time and part-time MBA course for 12 and 24 months. Students who are opting for a full-time MBA have the option to complete the program either in 12 months or prolong their MBA experience by three months and get an additional Management Analytics certification.
The cost of a full-time MBA is €39,500, with an average salary of €88,639. The majority of the MBA class 2019 were placed in Consulting (22%), followed by technology (28%), and manufacturing (11%).
There is no minimum GMAT score stated by the college, but the average score of its incoming class has been above 600.
WHU – Otto Beisheim Graduate School of Management
The WHU college in Germany offers a full-time MBA program for 12 months. The program offers opportunities for experiential learning to leadership and personal development.
The cost of a full-time MBA is €40,500, and the average salary of the MBA class 2017 is €36,220. The majority of the students were placed in Manufacturing (33%), followed by Consulting (19%), and Tech (15%).
The average GMAT score of the incoming class is 600+.
HHL Leipzig Graduate School of Management
The full-time MBA program at HHL Leipzig offers two types of program:
- Fast track: 12 months with three months of master thesis
- Advance track: up to 21 months including optional term aboard or a professional internship
The average salary for the MBA class 2019 is €64,000, with the majority of students placed in e-commerce (25%), followed by Consulting (15%), and Manufacturing (9%).
The average GMAT score of its incoming class is 620.
Requirements for Applying to B-schools in Germany
The two primary academic scores that any MBA program will require you to present are your undergrad GPA and the GMAT/GRE score.
Most top schools in Germany require applicants to have completed a 4 year bachelor’s degree. Unlike many American B-schools that accept a 3 year bachelor’s degree such as MIT, Columbia, Wharton, etc.; the top-tier MBA programs in European countries are more likely to be staunch about applicants having a 4 year bachelor’s degree or an equivalent degree.
Apart from the undergrad GPA your GMAT score will serve as one of the primary determinants of your success!
If you are trying to crack top-tier MBA programs with a low GMAT score then here are some in-depth tips for you –
Most schools will require MBA candidates to have at-least 3 years of full-time work experience before applying! However, many schools are known to accept candidates who have quickly achieved milestones at their workplace. So, if you think that your work experience may be more qualitative than quantitative, then consider applying as well!
Additionally, some B-schools may require candidates to have some degree of international work or educational experience. Needless to say, the international work or study experience gained in a certain country raises the chance of the applicant cracking an MBA in a B-school belonging to the same country.
You can also expect the admissions committee to accept more people from a Fortune 500 company rather than a startup. But at the same time if you have achieved professional milestones in any workspace it will always count! If you have a good GMAT and GPA, and feel confident about your profile, then you should definitely apply.
You will also have to present your TOEFL or IELTS score as part of the application process. Keep in mind that while B-schools in Germany are known for rather relaxed application criteria; some of them have a high TOEFL/IELTS cut-off!
Most B-schools will require you to provide 2 recommendation letters as part of your application. You can be asked for LORs from your workspace or your academic institutions, and either case there are many ways in which you can build a strong letter. Here are some pro-tips that you can check back on!
Why You Should Study MBA in Germany
Germany is becoming a popular study destination standing alongside Canada, Australia, UK, and the US; and one of the primary courses of choice is an MBA!
According to the World Bank, Germany is the 4th largest economy in the world and the largest in Europe. It has countless job opportunities after graduation, and as per International Student Statistics 2020, around 69.2% of international students would prefer to remain in Germany and find a job. Moreover, since 2010 the international student community has grown by 53%. In 2019, approx. 2,82,002 international students came to Germany for higher education, out of which 44,133 students were from the business and management field of study.
Apart from the booming economy, Germany has affordable MBA fees, a low cost of living as compared to other European countries, and favorable post-MBA visa conditions!