Updated on April 24, 2021
Masters in Management in Germany is a 1.5-2 year-long program offered to students with previous experience in the field. Some of the best management institutions of Germany include the Frankfurt School of Finance and Management, Leipzig Graduate School of Management, and many more. Here, we shall discuss the fee structure for MIM in Germany.
For getting into MIM courses in Germany, GMAT scores are not mandatory but are preferred. Additionally, some universities ask for prior work experience of at least three months. International applicants are required to have language proficiency (usually English language proficiency). However, Mannheim Business School asks applicants for German language proficiency as some of the course is conducted in the German language.
Bachelors Guide For Germany – All you need to know!
Germany gives a cut-throat competition to countries like the USA, UK and Canada. Approximately 14.90% of students enrol themselves for a post-graduation management course.
Here are few reasons you should consider pursuing MIM from Germany:
Here are some critical details of MIM from Germany.
Public and private institutions have a different fee structure for the same course. Public or state-funded universities do not charge any fee except for an administrative fee every semester.
Private universities charge a tuition fee. The below table mentions the price for some of the top universities for MIM in Germany.
The cost of the complete degree is minimum at TUM. A broad range of expenses that an Indian student may need depending on the total program fees at various universities in Germany is around 22,000 INR to 27 Lakhs.
Study PhD in Germany – Procedure and Requirements
The price depends on the city you live in, transportation, and the kind of lifestyle you have adapted. A primary division of the total expense of the month will be somewhat like this:
Despite following a tuition-free higher education system, you will be required to pay an administrative cost per semester. The government and private institutions bridge the deficit gap between the student’s financial ability and their needs.
The scholarship for international students in Germany ranges from 172 USD to 943 USD per month. Germany attracts 350,000 international students from all over the world for offering its students merit-based and need-based scholarships, grants, and other financial aids. Some of the financial aids available for those pursuing masters in Management are:
Germany has achieved to maintain the unemployment at 2.3%. Management graduates from top institutes in Germany were offered salaries ranging from 90,000 USD to 160,000 USD annually. Given below are some of the popular jobs in Germany after graduating in management:
We have answered some questions for your help.
Q1. What is the cost of studying Masters of Management in Germany?
Ans. The tuition fee for Masters in Management in Germany ranges from 144 USD to 18000 USD per year. Some universities do not charge tuition fees but ask for semester fees from international students.
Q2. Is GMAT score mandatory for Masters of Management in Germany?
Ans. GMAT is not mandatory for pursuing a master’s in management in Germany.
Q3. What are the basic eligibility requirements for Masters of Management in Germany?
Ans. To be eligible for the master’s in management in Germany, you must have 2-3 years of work experience along with a relevant bachelor’s degree. IELTS/TOEFL scores are also required for international students. IELTS-6.6, TOEFL-82 is the minimum score requirement for language proficiency. You may also need to have German language proficiency.
We truly hope we were able to resolve any queries you might have had about the fee structure for MIM in Germany.
Good luck!
