Germany is a popular choice among international students for business programs abroad. The reason is not just free education whatsoever. In contrast, private business schools with a considerable tuition fee are a big deal in business and management education. While going through a few names, you will find that many Germany-based b schools are in the top 100 business schools globally. Specially MiM in Germany is one of the top courses one can target.
And it’s not like they come with some baggage. You will get top quality MBAs with a lower cost of education. Compared to the USA, UK and Canada, Germany is considered. German business institutes are widely known for their distinguished approach to education. And not to mention, German MBA schools have personal scholarship schemes for international students. So to make it quick, we can state that you get the whole package in the form of an MBA from Germany.
Top Business Schools in Germany for MBA
The names are too many to list. There are as many private b schools as public ones to consider as one of the best options. They are big names in research and keep up with the top b schools worldwide. Here are the top 5 selected business institutes for MBA in Germany that you should target in 2022:
Mannheim Business School
Mannheim Business School is the umbrella organization for management education at Mannheim. It is a public research university. As the top business school in Germany, many top-ranking organizations put Mannheim as one of the best business schools in Europe. In general, the school offers four international MBA programs:
- Mannheim Master of Business Administration
- Mannheim Executive MBA
- ESSEC & MANNHEIM Executive MBA
- MANNHEIM & TONGJI Executive MBA
These MBAs are exceptional, but each of them ranks under top MBAs globally. For instance, even the joint MBA degree with Tongji is among the top customized programs worldwide. The full-time MBA at Mannheim costs €39,500 (equivalent to around INR 33.5 lakhs) while the executive MBA rests on €49,500 (equivalent to around INR 42 lakhs). You have the option to complete your MBA in one year or extend the experience to three more months.
Check: Best Business Schools in Europe
Frankfurt School of Finance and Management
Frankfurt School of Finance & Management Frankfurt School of Finance & Management. It is a private university with a right to award doctorates (recognized under Hesse’s Higher Education Act). The school is located in the business hub of Europe. Frankfurt continuously attracts thousands of financial and business professionals every year. Undoubtedly it’s one of the most influential schools located at a prime location in Germany.
Frankfurt’s full-time MBA is designed to give you a global perspective. However in general, the program enhances your career prospects and your progress. But the critical element of Frankfurt MBA is its network. Frankfurt Schools has developed a robust network on a global scale. As a result, you will be granted one of the best business networks to work with after your graduating Frankfurt MBA. The tuition fee for the program is €39,000 (equivalent to around INR 33 lakhs).
WHU – Otto Beisheim School of Management
Founded in 1984, WHU – Otto Beisheim School of Management is a private German business school with Vallendar and Düsseldorf, Germany campuses. Being one of the leading business schools in Germany, WHU full-time MBA is the #1 MBA in the country. Also, as of 2022, the placement and career services of WHU has been ranked in the top two globally for the eleventh year in a row by Financial Times’s Master in Management ranking.
The WHU MBA is such a diverse program that it consists of 87% of the class profile as international students with 40 nationalities. The program combines academic excellence with practice-oriented study methods. Also, if you are bored with the standard MBA curriculum at WHU, you get a chance to step out of your comfort. Also, students can participate in real-life case challenges to gain insights via various methods such as guest lectures, company visits and industrial experts. The total program fee is €35,000 (equivalent to around INR 30 lakhs).
ESMT Berlin
Founded in 2022 by 25 global companies, the European School of Management and Technology (ESMT) is a private non-profit business school in Berlin, Germany. However, it is among the top business schools in Germany, and ESMT full-time MBA is ranked under the top #100 MBA programs globally. Also, the Financial Times Business School ranks as the #1 business school in Germany and #7 in Europe. The institute offers all kinds of MBA including:
- Global Online MBA
- Full-time MBA
- Part-time MBA and
- Executive MBA
The ESMT full-time MBA is a one-year, focused, personalized program. however, the program grants a unique acceleration to your business career by offering more flexibility. You will be responsible for tailoring your MBA program to squeeze the most potential out of it. ESMT MBAs are solely a business-focused course on leadership, entrepreneurship and sustainable business. The tuition fee for the ESMT full-time MBA is €48,500 (equivalent round INR 41 lakhs), and for the ESMT Executive MBA, the tuition is €59,500 (equivalent round INR 50 lakhs).
HHL Leipzig Graduate School of Management
HHL Leipzig Graduate School of Management, formerly known as Handelshochschule Leipzig, is a private business school based in Saxony, Germany. The school was established in 1898, making it one of the world’s oldest business schools. HHL Leipzig Graduate School of Management is accredited internationally by AACSB and locally by ACQUIN. The institute offers a traditional 2-year full-time MBA program that lasts for 21 months.
The primary factor to notice while choosing HHL MBA is; it is more suited for the German business industry or European market. The program is designed to identify your current skills and develop them with the necessary knowledge and skills for the business and management world. HHL MBA also focuses on soft skills such as negotiation, intercultural communication, creativity and problem-solving. The total tuition fee for the program is €39,500 (equivalent to around INR 33.5 lakhs).
MBA in Germany: Scholarships
With such quality education, you will be thrilled to know that many scholarship options are available for MBA in Germany. Germany awards an MBS Network Scholarship of €5,000 to successful MBA applicants. Likewise, most of the top business schools in Germany are triple-accredited. The local government tends to offer enough to keep students aiming for German business schools.
You can attain a scholarship based on your merit and during your performance in the MBA duration. German business schools also offer their programmed scholarships such as:
- Full-Time MBA – HYoung Leader Scholarships (HHL Leipzig)
- GMAT Scholarships in Germany (ESMT Berlin)
- MBA Women’s Scholarships (ESMT Berlin)
- Emerging Market Leaders (WHU)
There are tons of other scholarships based on your performance and financial conditions offered by the schools. Also, the government of Germany offers scholarships like; The DAAD Scholarships and The Deutschlandstipendium. Other Than that, you have options like non-government scholarships such as; The Friedrich Ebert Stiftung, Bayer Foundations and Heinrich Böll Foundation.
Conclusion
As of 2022, Germany has grown more in the international student body due to the quality. Especially for MBA programs that cost quite a fortune and come with a high cost of living in major educational countries. Germany offers a stable, cheaper living expense and is one of the best business schools globally.
