Study Masters in Management in Germany
Explore top courses and universities for Masters in Management in Germany along with their requirements and offerings. Get comprehensive guidance from our experts and turn your dream of studying in Germany into a reality.
ICEF Canada Certified Education Specialist | 15 Years Advising International Students
Pursuing a Masters in Management in Germany (MIM) opens doors to numerous academic and professional opportunities. German universities are renowned for their practical and industry-focused education. The availability of scholarships, including the DAAD Scholarship, reduces the financial burden significantly.
Graduates of Masters in Management programmes benefit from Germany’s robust economy and extensive work opportunities for MIM graduates, supported by an 18-month post-study work visa.
Best Management Programmes in Germany
Germany offers some of the best management programmes globally, with top universities providing world-class education.
| University | Specialisation | Programme Highlights |
|---|---|---|
| Berlin School of Business and Innovation | Strategy, Finance, Marketing | Highly rated, Focus on analytical skills |
| EU Business School, Munich | Entrepreneurship, leadership | Practical exposure and global network |
| Munich Business School | Innovation, Supply Chain Management | Research-driven, strong industry links |
| GISMA Business School - GUS | Finance, Digital Business, LLM | Focus on Innovation and leadership. |
You can find out more about other popular courses to study in Germany, such as a Master’s in Public Health, on our website.
Top Universities for Masters in Management in Germany
Germany is a leading destination for international students seeking high-quality education in Masters in Management (MIM). Let us look at some of the best institutions offering various management courses.
IU University of Applied Sciences
At the IU University of Applied Sciences, Masters in Management (MIM) programmes are designed for aspiring global leaders. These programs offer cutting-edge coursework, practical exposure, and an immersive understanding of management principles.
| Type | Private university |
| Acceptance rate | 75% |
| Student-faculty ratio | 15:1 |
| Location | Berlin, Germany |
| Average tuition fees per year | €12,000 |
| Programmes Offered | Masters in International Management, Masters in digit Product Management, Masters in Project management, Masters in Management (All Major Specialisations) |
Munich Business School
At the Prestigious Munich Business School (MBS), Masters in Management Germany programmes are top-tier programmes tailored for ambitious graduates. Positioned among the top German Universities for management, the MIM programs equip you with practical expertise and a global perspective. These courses emphasise the MIM programme requirements, offering specialisations such as digital marketing, finance, and entrepreneurship.
| Type | Private university |
| Acceptance rate | 35% |
| Student-faculty ratio | 10:1 |
| Location | Munich, Germany |
| Average tuition fees per year | €22000 |
| Programmes Offered | Masters in International Business Management, Masters in Luxury Management, Masters in International Marketing & Band Management, Masters in Business Management |
Berlin School of Business and Innovation
Masters in Management Germany programmes at the Berlin School of Business and Innovation (BSBI) are ideal for aspiring professionals aiming to build a global management career. Here, networking with industry leaders enhances career prospects, establishing BSBI among the top German universities for management.
| Type | Private university |
| Acceptance rate | 65% |
| Student-faculty ratio | 15:1 |
| Location | Berlin, Germany |
| Average tuition fees per year | €20,000 |
| Programmes Offered | MSc in Global Logistics and Supply chain Management, MSc in Global Human Resources Management, MSc in Sports Management, MSc in Real Estate and Assets Management, MSc in International Health Management, MA in Energy Management, MSc in Engineering Management, MSc in Information Technology management |
Eligibility Requirements for MIM in Germany
Are you looking to study management in Germany? It is crucial to understand the eligibility criteria, admission process, and required documentation to ensure a smooth application experience.
Eligibility Criteria
The eligibility criteria for a management degree in Germany vary across universities. However, most institutions have similar requirements.
Academic Requirements
- A bachelor's degree in related fields from a recognised university
- A minimum GPA of 2.5 on a 4.0 scale varies across universities.
Language Proficiency
- English Proficiency Score (either of)
- Minimum IELTS score 6.5-7 bands
- Minimum TOEFL iBT score 90- 100 in TOEFL-iBT
- Minimum PTE Academic score 65.
- German Proficiency Score (if required): While some programmes are entirely in English, others might need basic knowledge of German (A1 or A2 Level).
Entrance Exam Scores
Many top universities require a GMAT exam score of 600+ or an equivalent GRE score.
Work Experience
Having work experience is optional but highly regarded by universities and improves admission chances.
Admission Process for MIM in Germany
You must follow the steps below to secure admission into the Top German Universities for Management.
- Identify universities offering the best MIM courses in Germany based on your academic background, preferences, and programme structure.
- Compile all essential documents for the application, including academic transcripts and English/German proficiency test scores.
- Apply online through the university portal or a centralised platform like Uni-Assist. Ensure you meet the deadlines, as the winter semester (September/October) is highly competitive.
- Some universities might conduct virtual interviews to evaluate your skills and suitability for the programme.
- If selected, you will receive an acceptance letter. Pay the enrollment fees (if applicable) to secure admission.
Document Checklist
Here is the list of documents required for the university application process:
- Certified copies of academic degrees and transcripts.
- English and/or German proficiency test scores.
- Valid GMAT/GRE scores
- Statement of Purpose
- Letters of recommendation
- CV/ Resume
- Passport copy
Cost and Financial Aid Options
Although a Masters in Management (MIM) in Germany is known for its affordability compared to other global destinations, you must be aware of both academic and living expenses.
You would pay between €10,000 - €30,000 per year for tuition fees in renowned private universities. The semester contributions and study material may cost around €300 - €500 per year.
Cost of Living in Germany
Below is a breakdown of key living expenses per month.
| Expense Type | Monthly Cost (in EUR) |
|---|---|
| Accommodation | €300 - €700 |
| Food and Groceries | €150 - €250 |
| Health Insurance | €110 - €150 |
| Transportation | €50 - €100 |
| Miscellaneous Expenses | €100 - €200 |
Related Blog: Cost of Living in Germany Cost of Studying in Germany
Financial Aid Options
To ease the financial burden, numerous Scholarships and financial aid options are available for international students pursuing management degrees in Germany.
| Scholarships and Financial Grants | Eligibility | Coverage | Amount |
|---|---|---|---|
| DAAD Scholarship | Open to international students in top German universities | Tuition fees, living costs, travel allowance, and health insurance | Up to €861 per month |
| Erasmus+ | Available to International students pursuing a degree in Europe | Tuition fees and travel cost | Varies based on programmes and duration. |
| Deutschlandstipendium | High-achieving students at the German Universities | All expenses | €300/ month for one year |
Another way to ease the financial burden of studying and living in Germany is through part-time work opportunities. International students can work up to 120 full days or 240 half days per year, helping to manage living expenses.
Related Blog: German Scholarships
Job Opportunities After Completing a Masters in Management
Germany, known for its developed economy and high-quality education system, offers abundant job opportunities for graduates of Masters in Management (MIM).
| Job Role | Annual Salary (in EUR) |
|---|---|
| Business Analyst | €45,000 - €55,000 |
| Project Manager | €60,000 - €75,000 |
| Marketing Specialist | €50,000 - €65,000 |
| Financial Consultant | €55,000 - €70,000 |
| Operations Manager | €70,000 - €90,000 |
| Senior Manager/Director | €100,000+ |
Source: Glassdoor, Indeed
Masters in Management (MIM) in Germany offers world-class education, affordable tuition fees, and vast career opportunities in a flourishing economy. Top German universities and business schools provide excellent MIM Specialisation options, practical learning, and post-study work visas, making Germany a top choice for International students.
Advance your career with a Masters in Management in Germany. Register now and get expert guidance from AECC experts to navigate your application process.
ICEF Canada Certified Education Specialist | 15 Years Advising International Students