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610
Avg. GMAT
24
Avg. Age
€ 27,135
Avg. Cost of Study
21 – 24
Months Duration
€ 50K
Avg. Salary
Pursuing a MiM degree in Germany offers students an unparalleled opportunity for success. These programs provide the essential skills and knowledge necessary to thrive in the rapidly changing business world. German universities are renowned for their academic excellence, with many ranking highly on international university rankings. Germany’s robust economy, high-quality education system, and dynamic business sector make it a sought-after destination for MiM aspirants.
Leading universities host English-based MiM programs that offer international learners a unique opportunity to study in an ethnically diverse and cosmopolitan locale. Beyond offering post-graduation employment opportunities, graduates benefit from Germany’s extensive job market, enabling them to discover their ideal positions.
Pursuing a MiM in Germany through reputable colleges equips students with cutting-edge education and fosters personal growth and global perspectives, positioning them for a successful future.
Full-time MiM
These programs are typically offered by universities and business schools and are designed for students who want to pursue a full-time career in management. Full-time MiM programs typically last for 12 to 18 months and require students to attend classes on a full-time basis.
Part-time MiM
These programs are also offered by universities and business schools and are designed for students who want to pursue a career in management while working full-time. Part-time MiM programs typically last for 24 to 36 months and allow students to attend classes on a part-time basis.
Online MiM
Various institutions offer these programs, including universities, business schools, and online learning platforms. Online MiM programs allow students to study from anywhere in the world and at their own pace.
Dual MiM
These programs are offered by universities and business schools in collaboration with companies. Dual MIM programs allow students to earn a master’s degree and gain practical experience through internships or work placements.
Executive MiM
These programs are designed for experienced professionals who want to advance their careers in management. Executive MiM programs typically last for 6 to 12 months and are offered on a part-time or full-time basis.
Master in Management is a postgraduate degree that provides students with the skills and knowledge necessary to succeed in business. MiM programs in Germany are highly competitive, and applicants must meet certain eligibility criteria to be considered.
The following are the general eligibility criteria for MiM programs in Germany:
Academic requirements
Most MiM programs in Germany require applicants to have a bachelor’s degree in a business-related field. Applicants must also have a minimum GPA of 3.0 or above.
English language proficiency
International applicants whose first language is not English must provide proof of their English language proficiency; this can be done by taking an English language test such as the TOEFL or IELTS.
GMAT or GRE scores
Some top-tiered MiM programs in Germany may require applicants to submit their GMAT or GRE scores. However, many schools may waive this requirement if the applicant has relevant work experience or has already completed a master’s degree.
Relevant work experience
While not required for all MiM programs in Germany, some top-tiered schools may prefer applicants with relevant work experience. Typically, schools look for applicants with at least 1-2 years of professional experience in a related field.
Letters of recommendation
Applicants must typically submit two or three letters of recommendation from their professors, employers, or other professional contacts. These letters should speak to the applicant’s academic ability, leadership skills, and potential for success in a MiM program.
Personal statement
Applicants are also typically required to submit a personal statement. This statement should explain the applicant’s motivation for pursuing a MiM degree and how it aligns with their career goals.
€ 16,000
Avg. Tuition Fee
+
€ 10,000
Avg. Living Expense
+
€ 1,135
Avg. Visa Charges
Avg. Cost of Study
The cost and fees of pursuing a MiM degree in Germany can vary significantly based on the university and program chosen. Students can expect to pay tuition fees ranging from $7,000 to $25,000 per academic year. This fee structure is often called the ‘Gepflegtes’ fee, with top-tier universities typically charging higher fees than those of lesser reputation or quality. Researching and comparing fee structures across different institutions is essential to find the best fit for your budget and academic aspirations.
Germany stands out for its affordable and relatively inexpensive living expenses, making it an attractive destination for international students. On average, students should anticipate yearly living costs of around $8,000 to $12,000. These expenses include accommodation, food, transportation, and miscellaneous costs.
International students pursuing a MiM in Germany must also factor in visa charges. The average visa charges for international students vary based on your home country and the type of visa required. Generally, student visa fees range from $75 to $135. Additionally, you should budget for health insurance, which is mandatory for all students in Germany. Health insurance costs vary but are estimated at approximately $1000 annually.
Work-study programs allow students to work part-time while they are studying. Work-study earnings can be used to help pay for tuition and living expenses.
Grants are financial awards that do not have to be repaid. Grants are often awarded to students who demonstrate financial need.
Student loans are money that is borrowed and must be repaid with interest. Loans can be a good option for students who do not qualify for other financial aid forms.
Waivers are reductions or cancellations of tuition fees. Waivers are often awarded to students who demonstrate financial need or have outstanding academic achievement.
Scholarships, ranging from government initiatives to private organization grants, serve as invaluable financial awards based on academic merit, financial need, and other criteria. These scholarships alleviate the financial strain of education and enhance the accessibility of higher studies for MiM students. By strategically pursuing these scholarship options, MiM students can enrich their educational experience, relieve financial burdens, and focus on academic growth, amplifying the benefits of studying in Germany’s Master in Management programs.
Here are some of the scholarships that MiM applicants should keep a check on:
Employed within 3 months of graduation
Avg. Salary
Most Sought after jobs
Management Consultant
Marketing Manager
Supply Chain Manager
Business Development Manager
Project Manager
Human Resources Manager
Operations Manager
Sales Manager
Pursuing a Master’s in Management degree in Germany opens doors to a plethora of career opportunities across various sectors. The country’s robust economy and renowned educational institutions contribute to a promising job market for MiM graduates. Here’s a look at the top German companies that actively seek MiM graduates:
International students who wish to pursue a MiM degree in Germany must obtain a student visa. The type of visa required depends on the student’s nationality.
Student visas are typically valid for the duration of the study program. However, students may need to extend their visas if they take longer to complete their studies or want to stay in Germany after graduation.
To extend a student visa, students must apply to the local immigration authorities at least 3 months before the visa expires. The documents are the same as those required for the initial visa application.
After graduating from a MiM program in Germany, international students have several options for staying there.
The specific requirements for each visa option vary, so it is essential to research the options carefully and consult with an immigration lawyer.
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| University | Details | Suggested |
HHL Leipzig Graduate School of Management – Business School | Master in Management Duration: 21 – 24 months Format: Full-time Avg. Working experience: 1.5 years* Location: Leipzig, Germany | HHL MiM |
| Frankfurt School of Finance and Management | Master in Management Duration: 4 semesters Format: Full-time Avg. Working Experience: Preferable* Location: Frankfurt, Germany | Frankfurt School of Finance and Management MiM |
| WHU – Otto Beisheim School of Management | Master in Management Duration: 21 months Format: Full-time Avg. Working Experience: 2 years* Location: Dusseldorf, Germany | WHU Otto MiM |
| TUM School of Management | Master in Management Duration: 4 semesters Format: Full-time Location: Munich, germany | TUM MiM |
| ESMT Berlin | Master in Global Management Duration: 24 months Format: Full-time Avg. Working Experience: Preferable* Location: Berlin, Germany |
Entry requirements vary among universities, but generally include a bachelor’s degree in a relevant field, such as business or economics. English language proficiency (usually through tests like IELTS or TOEFL) is required for international students. Some universities may also ask for GRE/GMAT scores, letters of recommendation, and a statement of purpose.
Program contents can vary, but they usually cover subjects like organizational behavior, marketing, finance, strategy, operations management, and entrepreneurship. Some programs might offer specializations in areas like international business, digital management, or sustainable management.
Some universities offer scholarships specifically for international students, but the availability and eligibility criteria can vary. Additionally, Germany offers affordable tuition fees compared to many other countries, making it relatively cost-effective for education.
Yes, as an international student, you’ll usually need to provide proof of sufficient financial means to cover your living expenses while studying in Germany. This requirement ensures that you can support yourself without relying solely on part-time work.
Yes, there are various scholarships available for international students in Germany. The DAAD (German Academic Exchange Service) offers scholarships, and there are also scholarships from foundations, governments, and industry partners. Research thoroughly and apply early, as deadlines can be competitive.
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