Most Affordable MBA Colleges in Germany for Indian Students

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Aarushi Jain
Updated on May 01, 2023 08:37 PM IST

For international students, Germany is the best study abroad destination. Several students migrate to Germany in the hunt for low-cost or affordable MBA programs at some of the best yet most affordable MBA colleges in Germany for Indian students.

Most Affordable MBA Colleges in Germany for Indian Students

MBA in Germany is cheap as compared to other countries with several public and private colleges that offer the course at affordable rates. This is one of the major reasons why international students choose Germany as one of the top destinations for their MBA courses. MBA or Master of Business Administration in Germany is a post-graduate business degree that provides students with a diverse combination of skills and information that may be applied in the business and management sector. Individuals who wish to achieve something in the management field can develop managerial and business tactics through an MBA program.

While studying MBA abroad may seem an appealing prospect, the fear of the high costs of pursuing it can prevent students. Germany provides the scope for the low-cost MBA for Indian students. The country has the best management institutions and is popular for its affordable MBA programs. If you want to know more about the cheapest MBA courses in Germany, stay tuned to this article!

Why Study MBA in Germany?

Before knowing everything about the cheap MBA colleges in Germany for international students, it is first important to know why you must study MBA in Germany in the first place.

Approximately 400,000 international students are now enrolled in Germany, with the vast majority intending to stay and work in the country following graduation. Although less well-known than standard MBA programs, several German institutions are located in flourishing economic locations with promising future prospects.

Here are some compelling reasons to pursue an MBA in Germany:

Availability of Cheap MBA Colleges in Germany

International students often find themselves struggling to cope with the high tuition expenses associated with pursuing an MBA program. While public universities in Germany offer free higher education, the best MBA programs are privately owned and require a minimal administration fee. But, when compared to the popular MBA programs in the UK, Canada, and the US, the cost of pursuing an MBA in Germany is significantly lower. For instance, the full-time MBA program at the University of Oxford costs around USD 85,000, while Germany offers a wide range of affordable MBA programs.

World-Class MBA Courses and Academic Staff

Many German MBA schools have made it to the list of the top 100 or 200 MBA schools in the Financial Times and QS Top Universities MBA rankings. Some examples include the Frankfurt School of Finance and Management, Mannheim Business School, WHU, ESMT Berlin, EU Business School, and HHL Leipzig Graduate School of Management. Additionally, the professors and academia in German MBA programs are internationally renowned and have a strong academic foundation backed by extensive experience. Enrolling in these programs can be challenging but ultimately rewarding in paving the way for a successful future.

Innovative Curricula

MBA programs and course structures in Germany are frequently updated to stay ahead in terms of teaching and research innovation. Opting for an MBA program in Germany will not only equip you with essential business knowledge and concepts but also encourage you to develop an independent business approach and come up with innovative ideas. You will have the opportunity to participate in practical sessions conducted by professionals which will enhance your decision-making abilities.

Study MBA in English

According to various reports and data, the most popular study programs in German universities are business-related and social sciences courses. German institutions have steadily increased the number of postgraduate courses provided in English in recent years.

MBA Scholarships

In addition to being an economical destination and a hub for international students who wish to pursue the cheapest MBA in Germany, the country also offers numerous opportunities for financing your studies. Every year, the German government awards thousands of scholarships, a portion of which is given to outstanding overseas students.

Personal scholarship programs are available at German MBA schools for overseas students, and many corporations evaluate promising applicants and approach them with appealing offers, giving them high-paying jobs in exchange for paying for their studies in Germany. The Deutschland Stipendium, DAAD Scholarships, and Erasmus+ are all major scholarship programs for international students.

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Future Employability and Opportunities

German MBA programs are highly research-based universities that strive to prepare you for the job market by providing you with the necessary skills and information. German cities such as Frankfurt are respected as European financial and business capitals, with globally known firms and MNCs. Furthermore, all of these businesses hire MBA graduates from regional universities.

Germany is also one of the most uncomplicated countries to obtain a work visa, with a variety of profitable visa alternatives available to anyone with strong skills and a good educational background.

A Once in a Lifetime Experience

Aside from your academic adventure, studying the cheapest MBA program in Germany is not just about obtaining a degree; there are endless things to experience in beautiful Germany. The international student community in Germany is extremely diverse, allowing students to connect with people from all over the world while learning about their culture, customs, and traditions.

MBA in Germany Eligibility

There are two types of universities in Germany: public and private. Each university in Germany has its own set of MBA eligibility requirements. In Germany, it is possible to pursue an MBA without prior work experience, in contrast to many other countries where prior work experience is required for an MBA degree.

Since most German colleges are not controlled by a central body, the MBA requirements are highly diverse even for the cheapest MBA programs in Germany. However, the following are the general conditions for pursuing an MBA in Germany:

  • A bachelor's degree in relevant areas and equivalent to a German bachelor's degree, which could be a 4-year degree or a 3-year degree with a 1-year master's degree. Few universities in Germany recognize a three-year bachelor's degree for MBA courses as well.

  • Valid GMAT/GRE/IELTS/TOEFL score. Each university recognizes the results of the various exams. Because most German colleges just demand a valid IELTS/TOEFL score, applying for the cheapest MBA in Germany without GMAT is also possible.

  • Basic command of the German language. Although most colleges are nowadays offering the cheapest MBA programs in Germany in English too, few need a specific level of German proficiency to be cleared.

  • A solid academic record can be equivalent to a minimum of 60% aggregate academic mark for Indian students.

  • Few institutes may hold an entrance exam to determine eligibility for an MBA in Germany.

Note: The above-mentioned points are a few prerequisites for students applying for an MBA in Germany. There are no hard and fast guidelines for determining if an applicant is eligible for an affordable MBA in Germany because different universities and programs require different requirements to be met.

Affordable MBA Colleges in Germany for International Students

The table highlighted below highlights some of the best and the most affordable MBA colleges in Germany that are offering some of the cheapest MBA programs in Germany to international students:

Affordable MBA Colleges in Germany

Average Estimated Course Fee in EUR

Duration of the MBA Program

Pforzheim University

16,800

21 months

Berlin School of Economics and Law

19,800

15 months

The University of Applied Sciences Bremen

14,900

18 months

Johannes Gutenberg University

16,000

24 months

University of Bayreuth

7,500 per semester (approx.)

24 months

Ludwig Maximilians University Munich

4,800 per semester (approx.)

24 months

Esslingen University of Applied Sciences

19,140

18 months

Offenburg University of Applied Science

10,400

18 months

Reutlingen University

1,500 per semester (approx.)

12 months

Frankfurt School of Finance and Management

39,000

12 months

TUM School of Management

39,000

24 months

Mannheim Business School

39,000

12 months

Note: Another thing to keep in mind at this point is that, like in many other European countries, German universities offer an MSc in Management and related programs that are equivalent to MBAs.

Let us throw some more light on the above-mentioned cheapest MBA programs in Germany available at some of the best affordable MBA colleges in Germany:

Pforzheim University

Among a pool of cheapest MBA programs in Germany, the MBA in International Management available at Hochschule Pforzheim is counted among the best courses. Tuition is inexpensive and paid for every semester. Those with business undergraduate degrees can pursue an accelerated version of the MBA, making it even more affordable. Non-business graduates must complete four semesters of study. Since 2011, the school has been AACSB certified, and its location in Baden-Wrttemberg places graduates close to German industrial giants such as Porsche, Daimler, and Bosch.

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Frankfurt School of Finance and Management

The Frankfurt School of Finance and Management is an excellent investment. The school is triple-accredited and ranked as one of Europe's top business schools by the Financial Times. Because of the school's location in Frankfurt, Germany's financial capital, MBA students have consistently gone on to positions at many of the world's most important and prestigious financial organizations, including the European Central Bank and the German Stock Exchange.

Berlin School of Economics and Law

The HWR Berlin School of Economics and Law offers a 15-month full-time affordable MBA program in Germany in English that is AMBA recognized. Students can study abroad in London, Hong Kong, France, the United Kingdom, and other European cities. Its Berlin location places MBA students in the middle of one of Europe's commercial and cultural centres. Speaking about European capitals, the cost of living in Berlin can be lower than in Paris, London, and other cities.

TUM School of Management

TUM School of Management offers a triple-accredited Executive MBA program taught part-time in Munich and Beijing in collaboration with China's elite Tsinghua University. This gives you a lot of international exposure. Furthermore, the degree is very customized, with electives available in areas such as innovation, entrepreneurship, and digital transformation. Students study from highly renowned instructors as well as senior-level practitioners, lending credibility to the curriculum.

Mannheim Business School

The FT ranks the Mannheim Business School full-time MBA as one of the best in the world, an outstanding feat accomplished by a few other German schools. It also has three accreditations. The tuition fee is significantly lower than that of comparable European business schools.

The University of Applied Sciences Bremen

The International MBA program at the University of Applied Sciences Bremen is taught in English. The tuition fee of this cheapest MBA program in Germany is extremely low, around a quarter of the cost of other approved programs in Germany. Because the program is run by the International Business School Alliance, a growing network of globally minded business schools, the MBA experience is genuinely multinational. AACSB International, a respected awarding body, has accredited at least one of the schools in the network.

Johannes Gutenberg University

Johannes Gutenberg University in Mainz is a prominent choice for thousands of students interested in pursuing an MBA. It is one of the cheapest MBA colleges in Germany and a public university named after the printer Johannes Gutenberg, which was founded in 1477 in Mainz, Germany. In conjunction with other universities, the university provides a diverse range of studies as well as numerous overseas programs. It is a top-tier university and an absolute must-have for people looking for the cheapest MBA programs in Germany.

Ludwig Maximilians University Munich

The Ludwig Maximilian University of Munich is a research-oriented public university in the German city of Munich. It is regarded as one of the most affordable MBA colleges in Germany for international students. LMU's Faculty of Business Administration has launched a novel MBA program. The program is intended for exceptional students who have acquired a desire to continue with research-focused and project-driven studies during their Bachelor's degree. The program lasts two years and is divided into four semesters. You must gain 120 ECTS points during your studies.

Esslingen University of Applied Sciences

Esslingen University is one of Germany's major applied science universities, with key departments in engineering, management, and applied research. By splitting the core learning topics into three majors: General Management, Sustainable Production & Technology, and Digital Transformation, Esslingen University has built a targeted and successful approach to its specialized and cheapest MBA programs in Germany for aspirants.

The MBA in International Industrial Management's distinctive structure, combined with its unique presence in Germany, combines these internal strengths with an unrivalled blend of access to world-leading multinational organizations and a spectacular European city experience. The Esslingen MBA is highly competitive, internationally recognized, and considered among the best European industrial management MBA programs.

Cost of Living in Germany for International Students

Germany is one of Europe's most affordable countries. If you are an Indian student studying in Germany, your monthly expenses would be between EUR 850 and 1000. The majority of this cash will be spent on rent, which is rather high in Germany, while other expenses such as daily utilities and food are relatively inexpensive. Furthermore, the cost of living in Germany for Indian students studying low-cost or cheapest MBA programs in Germany is typically between EUR 10,200-12,000 per year.

Application Process for Studying Low-Cost MBA in Germany

Germany is known for its simple and straightforward application process, which the candidate can readily follow. However, the candidate is urged to read the university application process on the university's official website to gain a better understanding of the admission process.

The admission procedure is outlined below in a step-by-step format to help students engage in a stress-free and simple application process to get enrolled in a cheap MBA college in Germany and pursue its low-cost MBA program:

  • The first step is to determine which university and program you wish to apply to. There are numerous cheapest MBA programs in Germany offered to students, and you must determine which one is best for you.

  • Since you are a foreign applicant, you must contact the university's international office to learn about the application deadline and what information is required to complete the application form. You must ensure that you complete the application form before the deadline in order to avoid last-minute mistakes.

  • After you have completed the application form and sent it to the university office, you must now wait for them to respond to your application. Always include your TOEFL scores or IELTS scores, as well as your GMAT score, in your academic application.

  • Once your application has been approved, you will be needed to transmit a copy of your passport and pay 50% of the first-year tuition fee, or as stipulated by the University. You must also submit documentation of your financial documents demonstrating your ability to pay for your affordable MBA in Germany.

  • Following that, you must call the visa office to ensure that you receive your visa on schedule. The visa usually takes 90 days to process.

  • After that, all you have to do is wait for your flight and begin your studies in Germany.

 

MBA costs in Germany are low and that is the reason why more and more Indian students are flying to the country to pursue the course. Several universities provide the course free of cost and only the administrative costs and living expenses need to be borne. The academicians and professors have a world-class reputation and curricula that focus on teaching and research innovation. The once-in-a-lifetime experience that students will face during their MBA in Germany will fuel their spirits for future endeavours. 

Reach out to our highly expert study abroad counsellors at abroad@collegedekho.com and get your queries resolved related to studying in Germany!

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FAQs

Can international students work part-time while pursuing a low-cost MBA in Germany?

Yes, international students can easily find and work part-time while pursuing a low-cost MBA in Germany. However, it is best not to do so because it would interfere with your studies. Not only that, but students can participate in assistantship programs and market research projects to broaden their expertise and add to their CVs.

Is the German language required to pursue an affordable MBA in Germany as an international student?

Students do not need to learn German to study at German universities because the curriculum is taught in English to all international students. Students who desire to learn German can do so while still in the nation. German is believed to be a simple language, but students must receive certification by passing the various stages. Learning German might help you get work and converse with people.

Are there any scholarships available for Indian students pursuing the cheapest MBA programs in Germany?

Yes, there are a number of scholarships available for Indian students pursuing the cheapest MBA programs in Germany. They can learn more about it on the DAAD website. Students can enrol in either the country's public or private management colleges, depending on which one best meets their needs. Several Indian students visit the country for various courses and programs in order to receive a high-quality education.

What are the visa requirements to study in a low-cost MBA college in Germany?

Once your acceptance to a German university has been approved, you must apply for a German student visa. Many students do not need to apply for a German student visa, but they will require a residency permit. Students should apply for a German visa as soon as possible because obtaining the visa and moving to Germany takes at least three months. To obtain a German student visa, you must first contact the German embassy in your native country.

Is studying MBA in Germany worth it?

Yes, studying or pursuing an affordable MBA in Germany is absolutely worth it for your future career. Germany is one of the most popular places for an MBA. Not only that, but the country offers a variety of cheapest MBA programs in Germany for students, ranging from full-time MBA to executive MBA to part-time MBA. These MBA programs are flexible in terms of duration, allowing students to choose more than one course.

Is MBA cheap in Germany? Can I do MBA free in Germany?

Even though education in Germany is famously free, this does not apply to MBAs. Nonetheless, MBAs in Germany are still less expensive than in most other countries. For example, the average cost of a two-year MBA in the USA is USD 60,000, whereas it costs roughly EUR 20,000 in Germany. All students interested in pursuing an MBA should be aware that most publicly financed colleges in Germany do not charge a tuition fee. Students must, however, pay an Administration Fee at the start of each school year.

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