Masters in Management in Germany: Fees , Top Colleges, Placement & Salaries

Masters in Management in Germany is a 1.5 to 2-year program that focuses on outlining the theoretical concepts of business management. It offers specializations like MS in Management, MS in International Management, MS in International Marketing and Brand Management, Master in Global Management, etc. To apply for the Masters in Management in Germany, applicants need to qualify for an undergraduate degree in a related field, in most cases with a minimum GPA of 2.5 (77-80%) on the 4.0 scale. Some universities may require GMAT (600+) or GRE (320+) scores, and/or IELTS (6.5-7.0) or TOEFL iBT (90-100) to identify proficiency in English.

The Masters in Management in Germany average tuition fee ranges between €1,280 - €37,200 (₹1.14 lakhs - ₹33.11 lakhs), while the average cost of living in Germany €452 - €846 per month (₹40,228 - ₹75,294). Some of the top Universities for Masters in Management in Germany include Technische Universität München, University of Cologne, University of Mannheim, Frankfurt School of Finance & Management, etc.

There is immense scope after completing Masters in Management in Germany. For instance, graduates may earn up to €45,876 to €73,200 (₹41 lakhs to ₹65 lakhs) per year. Continue reading this blog, which will navigate you through Masters in Management in Germany's top universities, admission requirements, cost, and placements.

Masters in Management in Germany: Quick Highlights

Check the table below for the key highlights about Masters in Management in Germany.

Why Choose Masters in Management in Germany?

Many Indian students are considering studying a Masters in Management in Germany because of these strong observations:

• Quality Programs with Global Rankings - WHU – Otto Beisheim School of Management, ESMT Berlin, Frankfurt School, Mannheim, and TUM are ranked of the best in Europe in global MiM rankings.
• Great tuition price opportunities - The fee for pursuing Masters in Management in Germany is €1,280 - €37,200 (₹1.14 lakhs - ₹33.11 lakhs).
• Affordable opportunities: Scholarships like DAAD, DeutschlandStipendium, and individual university scholarships (like WHU, Mannheim, ESMT Berlin) often provide stipends of €300 to €934/month, as well as tuition reductions.
• Strong placement and high compensation - Average salaries for MIM graduates are €45,876 (₹41 lakhs), and top roles in management consulting, marketing, finance, and analytics can pay between €45,876 - €73,200 (₹41 lakhs - ₹65 lakhs).

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Other Popular Countries for Studying Masters in Management

Best Universities for Masters in Management in Germany

Here are the top colleges in Germany for studying a Masters in Management, along with their QS world rankings and annual tuition fees.

Masters in Management in Germany: Eligibility Criteria

Masters in Management in Germany requires some eligibility criteria, it is mentioned below in a table format with details.

Masters in Management in Germany: Application Process

Applications for Masters programs are either submitted directly to the university or via the online Uni Assist portal. Application deadlines for masters courses are often earlier than the bachelor's courses. It is recommended to submit the completed application by paying the application fee at least 8 weeks before the deadline expires. The following is the detailed application process for applying to Masters in Management in Germany.

• Bachelor’s degree in a related discipline with 2.5 GPA out of a 4.0 scale (77-80%)
• English Language Proficiency - IELTS : 6.5-7.0 | TOEFL-iBT: 90-100
• Standardized Tests - GMAT Score: 600+ | GRE: 320+
• University application - Apply through the university portal and pay the application fee (if applicable)
• Passport copy
• Visa Application

Masters in Management in Germany: Documents Required

We have listed below the documents required to apply for Masters in Management in Germany:

• Updated Resume
• Academic transcripts
• Copy of the certificate as well as the grades of all lectures in the pre-study
• Statement of Purpose
• Letters of Recommendation
• Proof of health insurance
• GRE Scores and GMAT Scores (recommended)
• Valid passport
• Work experience certificate (if required)

Masters in Management in Germany: Visa Application Timeline

Here are the expected dates for the visa application for studying Masters in Management in Germany.

Top Entrance Exams for Masters in Management in Germany

Below is a list of the top entrance exams usually required for Masters in Management in Germany.

• GRE (Graduate Record Examination): Measures verbal reasoning, quantitative reasoning, and analytical writing. The average GRE requirement is 320+.
• GMAT (Graduate Management Admission Test): Instead of the GRE, it focuses more on business management; the accepted score range is 600+.
• TOEFL (Test of English as a Foreign Language): Measures reading, writing, speaking, and listening proficiency in academic English; minimum score 90 - 100, varies according to university.
• IELTS (International English Language Testing System): English proficiency test most often accepted in Germany; minimum score 6.5 - 7.0 overall, with no band below 6.0.

Masters in Management in Germany: Cutoff

Check the table below for the cutoff for various universities for each of the prominent entrance exams for Masters in Management in Germany.

Masters in Management in Germany: Syllabus

Some common core courses and subjects in the Masters in Management in Germany are listed below:

• Economics
• Finance
• Analytics
• Accounting
• Marketing
• Human Resources
• Financial Management
• Strategic Management
• International Business
• Entrepreneurship
• Analytics

Masters in Management in Germany: Electives & Specializations

Masters in Management in Germany offers a wide range of specializations and elective subjects to customize students' studies according to their career interests.

Masters in Management in Germany: Scholarships

Germany provides several finance opportunities available for a Masters in Management, including DAAD Scholarships (fully funded), ESMT Berlin scholarships (merit-based, say 50% of tuition); and HHL Leipzig Scholarships. Each of these seeks to support talented, high-achieving, and diverse students.

Cost of Living in Germany

The table below provides the cost of living for Masters in Management in Germany EUR (€) and Indian (₹) Rupees per month.

Career Scope After Masters in Management in Germany

After doing a Masters in Management in Germany, there are so many career options available for students. Some are even listed below.

• Management consultants
• Business analysts
• Marketing managers
• Project manager
• HR managers
• Financial analysts

Masters in Management in Germany: Salary Package

The table below shows the Annual Salary for various job roles offered after completing Masters in Management in Germany.

Frequently Asked Questions

Ques: What is the cost of living for a Masters in Management in Germany?

Ans: The cost of living for a Masters in Management in Germany ranges between €452 and €1,094 per month (₹5,422 – ₹97,130).

Ques: What is the average salary package of Masters in Management in Germany?

Ans: The average salary package for a Masters in Management in Germany ranges between €1,280 and €37,200 (₹1.15 Lakhs to ₹33.48 Lakhs).

Ques: What is the duration of a Masters in Management in Germany?

Ans: The duration of a Masters in Management in Germany is typically between 18 to 24 months, depending on the university you choose to study at and whether it is a full-time, part-time, or dual-degree program.

Ques: Are scholarships available for international students?

Ans: Yes. Scholarships like DAAD, ESMT, WHU, and HHL are available. Some are fully funded, and others offer partial fee waivers or monthly stipends.

Ques: What are the entrance exams needed?

Ans: Common exams include:

• GRE (320+ score) 
• GMAT (600+ score) 
• IELTS (6.5–7.0 band) 
• TOEFL (90–100 score)