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Ameer Khatri MBA Consultant

MiM in Germany

11/07/2023

610

Avg. GMAT

24

Avg. Age

€ 27,135

Avg. Cost of Study

21 – 24

Months Duration 

€ 50K

Avg. Salary

Summary

Why Study MiM in Germany

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.

Types of MiM Offered in Germany

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.

Eligibility Criteria : MiM in Germany

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:

  • A bachelor’s degree in a business or related field from a recognized university.
  • A minimum GPA of 3.0 or above.
  • Proof of English language proficiency.
  • GMAT or GRE scores (optional).
  • Relevant work experience (optional).
  • Letters of recommendation.
  • Personal statement.

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.

Documents Required : MiM in Germany

  • A submitted application form
  • An acceptable passport
  • Attested duplicates of all educational transcripts and diplomas
  • A language proficiency certificate (commonly in English or German)
  • A comprehensive Curriculum Vitae (CV) or Resume
  • A compelling motivation letter or statement of intent
  • Referral letters Scores from standardized tests (like GMAT or GRE)

Program Costs + Living Expenses : MiM in Germany

€ 16,000

Avg. Tuition Fee

€ 10,000

Avg. Living Expense

€ 1,135

Avg. Visa Charges

27,135

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.

Types of Financial Aid : MiM in Germany

Work-study

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.

  • How to find work-study programs: Work-study programs are typically offered by universities and colleges. To find work-study programs, you can contact the financial aid office at the MiM program that you are interested in.
  • Types of work-study jobs: Work-study jobs can vary, but they typically involve clerical work, research, or tutoring.

Grants

Grants are financial awards that do not have to be repaid. Grants are often awarded to students who demonstrate financial need.

  • Government grants: The German government offers a variety of grants for students, including grants for MiM students. These grants are typically awarded based on financial need.
  • Private grants: There are also many private grants available for MiM students. Companies, foundations, or individuals often award these grants. To find private grants, you can search online or contact the MiM program you are interested in.
  • How to apply for grants: To apply for a grant, you must submit an application form and supporting documents, such as your financial statements. The grant application process can vary, so it is essential to read the instructions carefully.

Student Loans 

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.

  • Government loans: The German government offers a variety of loans for students, including loans for MiM students. These loans are typically awarded based on financial need.
  • Private loans: There are also many private loans available for MIM students. Banks or other financial institutions often award these loans. You can search online or contact a financial advisor to find private loans.
  • How to apply for loans: To apply for a loan, you will need to submit an application form and supporting documents, such as your financial statements. The loan application process can vary, so it is essential to read the instructions carefully.

Waivers 

Waivers are reductions or cancellations of tuition fees. Waivers are often awarded to students who demonstrate financial need or have outstanding academic achievement.

  • How to apply for waivers: To apply for a waiver, you will need to submit an application form and supporting documents, such as your financial statements or academic transcripts. The application process for waivers can vary, so it is important to read the instructions carefully.

Scholarships

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:

Career Prospects : MiM in Germany

88%

Employed within 3 months of graduation

45K - 60K

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:

  • BASF
  • Volkswagen Group
  • Siemens
  • Daimler AG
  • Allianz
  • BMW

Visa and Stay Prospects : MiM in Germany

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.

  • Students from the European Union (EU) and the European Economic Area (EEA) do not need a visa to study in Germany. However, they must register with the local immigration authorities within 8 weeks of arrival.
  • Students from other countries must apply for a student visa at the German embassy or consulate in their home country. The required documents vary but typically include:
    • A passport that is valid for at least 6 months beyond the intended stay in Germany
    • A letter of acceptance from a German university
    • Proof of financial support (e.g., bank statements, scholarship award letter)
    • A health insurance plan that covers the student’s entire stay in Germany
    • The visa application fee is EUR 75.

Visa extension

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.

Stay after course completion

After graduating from a MiM program in Germany, international students have several options for staying there.

  • Job seeker visa: Students with a job offer from a German company can apply for a job seeker visa. This visa allows them to stay in Germany for 6 months while they look for a job.
  • Graduate trainee visa: Students who have completed a MiM program can apply for a graduate trainee visa. This visa allows them to stay in Germany for 18 months while they complete a training program with a German company.
  • Research visa: Students who want to pursue research in Germany can apply for a research visa. This visa allows them to stay in Germany for up to 3 years.
  • Start-up visa: Students who want to start their own business in Germany can apply for a start-up visa. This visa allows them to stay in Germany for up to 3 years.

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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Top 5 Colleges for MiM in Germany

UniversityDetailsSuggested

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

ESMT Berlin MiM

FAQs about MiM in 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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