Imagine studying MBA in a country where the fees are no issue for you to obtain a top-class education. Germany provides just that: a higher education system that is almost free, which seems too perfect to be real.
Do we have your attention now? When it comes to higher education, particularly at public universities, Germany is challenging the finance-related issues of postgraduate studies with an emphasis on public universities. A policy that has redefined the MBA studies worldwide. Students can concentrate more on what they need rather than how much they pay, while in this country, it has been minimized to almost nothing.
So, if you want to study MBA in the most advanced country for absolutely zero cost, then keep reading. We discuss everything about MBA in Germany fees for Indian students and the admission process to universities in the article below.
MBA in Germany fees for Indian students
Students will have to incur both tuition and living costs while studying in Germany. While MBA in Germany fees for public universities might be you should still be prepared for the living costs. The average costs are mentioned below:
Tuition Fees
The tuition fees for MBA programs in Germany are in stark contrast to those of private and public institutions. Private universities charge between 8,000 to 50,000 EUR per year (approximately 7 to 44 lakhs INR).
On the other hand, Public universities in Germany have gained international recognition for their tuition-free policy, even for international students. Instead of tuition, students only pay a nominal semester fee ranging from 200 to 1,400 EUR (about 17,000 to 1.25 lakhs INR).
This fee covers administrative costs and student services and often includes public transportation passes. This significant difference in MBA in Germany fees makes Germany an attractive destination for students who want high-quality education.
Living costs in Germany
| Category | Item | Cost Range |
| Housing Costs | Shared Room in Student Housing | €300 – €600 |
| One-Bedroom Apartment | €600 – €1000 | |
| Transportation | Public Transportation Monthly Pass | €70 – €100 |
| Food Costs | Milk (1 liter) | €0.70 – €1.20 |
| Bread (1 loaf) | €1 – €3 | |
| Eating Out Costs | Fast Food / Cafeteria Lunch | €5 – €8 |
Top MBA Colleges in Germany
Germany offers a diverse range of MBA programs. While public universities provide tuition-free education, many top-ranked business schools and private institutions charge fees. Here is an overview of the MBA in Germany fees for Indian students:
| University | Duration | Total Tuition Fees (EUR) | Fees (INR) |
| Saarland University | 1 Year | 12,000 | 10,83,864 |
| University of Bayreuth | 1 Year | 17,200 | 15,53,665 |
| ESMT Berlin | 15 Months | 49,000 | 44,26,140 |
| Frankfurt School of Finance and Management | 12 Months | 49,500 | 44,71,305 |
| Munich Business School | 12 Months | 32,000 | 28,90,540 |
| HTW Berlin | 18 Months | 12,500 | 11,29,117 |
| Reutlingen University (ESB Business School) | 12 Months | 9,600 | 8,67,162 |
| Hochschule Pforzheim | 16 Months | 8,800 | 7,94,895 |
| GISMA Business School | 12 Months | 18,000 | 16,25,922 |
| Technical University of Munich | 24 Months | 39,000 | 35,22,831 |
| WHU-Otto Beisheim School of Management | 12 Months | 43,000 | 38,84,147 |
| RWTH Aachen University | 18 Months | 30,000 | 27,09,907 |
| SRH Berlin University of Applied Sciences | 1 Year | 21,600 | 19,51,133 |
| Leipzig University | 15-21 Months | 37,500 | 33,87,384 |
MBA Specializations in Germany
MBA programs in Germany are available in a variety of specializations. These programs equip students with in-depth knowledge and skills in specific business areas. Here is an overview of popular MBA specializations available and Germany MBA fees for Indian students.
| Specialization | Course Fee (in Rs.) |
| MBA in Marketing | 3-10 Lakhs |
| MBA in Human Resource Management | 7-12 Lakhs |
| MBA in Finance | 4-20 Lakhs |
| MBA in Operations Management | 3-15 Lakhs |
| MBA in Information Technology | 10-15 Lakhs |
| MBA in Tourism Management | 2-15 Lakhs |
| MBA in Business Analytics | 6-20 Lakhs |
| MBA in Healthcare Management | 2-10 Lakhs |
| MBA in International Business | Upto 50 Lakhs |
| MBA in Entrepreneurship and Family Business | Upto 20 Lakhs |
| MBA in Media Management | 4-15 Lakhs |
| MBA in Hospitality Management | 3-16 Lakhs |
| MBA in Infrastructure Management | Upto 10 Lakhs |
| MBA in Digital Marketing | Upto 20 Lakhs |
Affordable MBA Colleges in Germany
Although tuition in Germany is very affordable. Students still might be confused about which are the most affordable options of them all. Below mentioned are the most affordable colleges in Germany.
| University | Avg Tuition Fees |
| University Saarland | INR 11L (€ 12,000) |
| GISMA Business School | INR 16L (€ 18,000) |
| University of Bayreuth | INR 17.7L (€ 19,600) |
| SRH Berlin University of Applied Sciences | INR 19.5L (€ 21,600) |
| Munich Business School | INR 29L (€ 32,000) |
| RWTH Aachen University | INR 27L (€ 30,000) |
| Technical University of Munich | INR 35L (€ 39,000) |
| Frankfurt School of Finance & Management | INR 38L (€ 42,000) |
| WHU-Otto Beisheim School of Management | INR 39L (€ 43,000) |
| ESMT Berlin | INR 44L (€ 49,000) |
Financial Aid and Scholarships for MBA in Germany
These are some of the scholarships available for students to tackle MBA in Germany fees for Indian students.
| Scholarship Category | Scholarship Name | Details |
| Government Scholarships | DAAD Scholarship Germany | Offered by the German Academic Exchange Service (DAAD). Provides over 215 scholarships for international students and researchers. Fully funded. |
| Erasmus Scholarship Programs in Germany | Funded by the European Commission. Provides up to 350 EUR per month, for students in European Union countries. | |
| Non-Government Scholarships | Heinrich Boll Scholarships for International Students | Available for all degree levels, especially for STEM and environmental sciences. Also, for journalism, economics, legal studies, and art degrees. |
| Bayer Foundations | For students undertaking research projects with excellent academic results. Both German and international students are eligible. | |
| Konrad-Adenauer-Stiftung (KAS) Scholarships | For students under 30 studying masters or PhD with excellent academic scores and involvement in voluntary work. | |
| The Friedrich Ebert Stiftung | For students interested in social/political matters with above-average academic results. Offers up to 1000 EUR/month. | |
| Mawista Scholarship | For students studying abroad while caring for a child. Provides 500 EUR per month. | |
| Marie Curie International Incoming Fellowships (IIF) | For researchers from developing countries pursuing postdoctoral research in Germany. Funding up to EUR 15,000 per year. | |
| Party-Associated Foundations | Friedrich Naumann Stiftung, Rosa Luxemburg Stiftung | Various scholarships available, check the individual foundations for details. |
| Religious Organizations | Cusanuswek, KAAD Scholarships, Evangelischen Studienwerk e.V. Villigst | Provide scholarships for students. |
| University Scholarships | Heidelberg University Scholarships | Offers scholarships for international students, such as the International Ambassador Scholarship, based on academic performance. |
| Hamburg University of Applied Sciences Scholarships | Offers up to EUR 400/month for four months per semester. | |
| RWTH Aachen University Scholarships | Covers up to 50% of tuition fees for selected students. | |
| Humboldt University International Research Fellowship | For students researching history, anthropology, law, sociology, political science, geography, economics, or area studies. | |
| Leipzig Graduate School of Management Scholarship | Provides financial aid for MSc courses. | |
| Frankfurt School of Finance and Management Doctoral Tuition Waivers | For doctoral students in English-taught programs. Applicable to fields like mathematics, finance, accounting, and business administration. | |
| Degree-Specific Scholarships | Scholarships for Bachelor Degrees | Many are free except in Baden-Wurttemberg; semester fees apply. |
| Degree-Specific Scholarships | Specific Scholarships (e.g., Oskar Karl Foster Scholarship, Ambedkar Overseas Vidya Nidhi Scholarship, etc.) | Cover books, learning materials, and tuition for both domestic and international students. |
Education Loans for Germany
Education loans offer a great solution for students who want to fund their MBA studies. These are some popular lenders and their offerings for unsecured education loans:
| Lender | Loan Amount in INR | Interest Rate |
| Axis Bank | Up to 40 Lakh | 11.00% – 11.50% |
| ICICI Bank | Up to 50 Lakh | 10.85% – 12.50% |
| IDFC First Bank | Up to 35 Lakh | 11.75% – 13.25% |
| HDFC Credila | Up to 25 Lakh | 12.00% – 12.75% |
| Incred | Up to 20 Lakh | 12.50% – 13.50% |
| Avanse | Up to 20 Lakh | 12.50% – 13.50% |
| Auxilo | Up to 20 Lakh | 12.50% – 13.50% |
| Prodigy Finance | Up to 100% cost to study | 12.00% – 14.00% |
Eligibility for an education loan
This is the eligibility criteria for education loans to study in Germany:
- Indian citizenship
- Admission to a recognized German university or business school
- Enrollment in a job-oriented course, such as an MBA program
- Minimum age of 18 years
- Proof of financial stability, often demonstrated by having EUR 11,208 in a blocked account
- A financial co-applicant meeting minimum income requirements for loans without collateral
Documents Required for an Education Loan
This is a list of essential documents required for an education loan application:
- Applicant’s KYC (Know Your Customer) documents
- Academic transcripts (10th, 12th, and bachelor’s mark sheets)
- Official admission letter from the German university
- Detailed fee structure of the MBA program
- Co-applicant’s KYC documents and income proof
- Proof of funds in a blocked account (specific to German visa requirements)
- Additional documents for collateral (if applying for a secured loan)
For secured loans, accepted forms of collateral often include:
- Fixed deposits
- Residential or commercial property
- Non-agricultural plots
How to Save Money while Studying in Germany?
There are tips you can use to save money on MBA fees in Germany for Indian students. Below are some tips to help you save money:
- Budget for entertainment cost: Include a budget of certain funds for fun and leisure activities as well. You should enjoy the local culture and make wonderful memories while studying. Have a budget for these to avoid missing these experiences.
- Explore student scholarships: Check out if there are available scholarships that are made for people like you. These would help you get relief on your finances and pay more attention to your studies.
- Take advantage of student discounts: Use your student status to get price reductions. Almost all public transport, cultural activities, restaurants, and shops offer various student discounts, which can save students a lot over time.
- Find a part-time student job: To earn additional income, you should look for a part-time job. In Germany, international students can work 120 full-time days and 240 half-time days in a year.
- Make friends with other international students: Try to meet fellow international students because they may be in the same financial circumstances. This may facilitate several experiences and reduce the cost of participation in activities and travel.
Popular Job Positions After MBA in Germany
These are some popular job roles for MBA graduates in Germany, along with their average annual salaries:
| Job Role | Average Salary (EUR) | Average Salary (INR) |
| Consultant | 63,500 | 57 lakhs |
| Finance Manager | 87,900 | 79 lakhs |
| Operations Manager | 61,400 | 55 lakhs |
| Project Manager | 70,300 | 63 lakhs |
| Brand Manager | 60,700 | 54 lakhs |
| Key Customer Manager | 79,300 | 71 lakhs |
| Human Resource Manager | 65,000 | 58 lakhs |
| Business Manager | 87,900 | 79 lakhs |
| Area Manager | 58,600 | 52 lakhs |
| Engagement Manager | 143,200 | 1.28 crore |
| Business Development Manager | 73,305 | 66 lakhs |
Conclusion
Studying for an MBA in Germany comes with its benefits, such as affordable fees and quality education. Situated in Germany are world-class institutions such as Mannheim Business School and Frankfurt School of Finance and Management where students can have access to the latest coursework and strong connections with the industry. Germany is acknowledged as the leading economy in Europe creating an enabling environment for acquiring professional networks while sharpening students’ skills in business leadership. This is especially true in terms of MBA in Germany fees at public universities, making their programs stand out. If you need help with the application process trust our team of overseas education at Transglobal Overseas. Contact us for a free consultation today.
FAQs Regarding “MBA in Germany Fees for Indian Students”
1. Which are the top Germany MBA colleges?
Germany has various prominent business schools that offer unique programs and specializations. Some of the high-ranked schools are Mannheim Business School, HHL Leipzig Graduate School of Management, Frankfurt School of Finance & Management, ESMT Berlin, WHU Otto Beisheim School of Management, and more.
2. Do MBA colleges in Germany offer scholarships for Indian students?
Many MBA colleges in Germany offer scholarships to Indian students; some of those scholarships cover part of the tuition fees while others cover them completely. The institution and scholarship determine the applicant’s eligibility differently. If you are applying it is suggested to start researching available scholarships immediately.
3. Is an MBA in Germany costly?
In comparison to other countries an MBA in Germany is much less financially demanding and liveable. Whilst public universities may sometimes provide tuition-free programs, private colleges charge tuition. Nevertheless, it all depends on where you live in Germany and your lifestyle.
4. Is it easy to get a job in Germany after MBA?
The nation has several jobs and the demand for them is immense. Good job offers are available in both Germany and abroad to graduates from good MBA schools there. Graduates frequently have it simpler in terms of job search due to a strong focus on practical experience.
5. How much do MBA graduates earn in Germany?
Depending on the industry field, an MBA graduate could earn different forms of salaries in Germany. However, the incomes of these graduates are normally high when compared to other people. It ranges from 60,000 to 90,000 EUR
6. What is the average cost of living in Germany?
The cost of living for an average German may not be the same across all cities as this varies from city to city. Generally speaking, big cities such as Berlin and Munich are more costly, whereas when you compare it with most countries in Europe, the cost is reasonable.
7. Can I get a job in Germany after an MBA if I do not speak German?
While it would be advantageous to know German, it is not always a must-have qualification for working in Germany after doing an MBA. Germany has many multinational corporations, so they may want to employ people who speak English, but a little of Deutsch doesn’t hurt your chances either, especially when searching for a job. If you decide to master this important language; surely it will increase your chances in terms of work opportunities available as well as combining easily with them culturally.
8. What is the cost to get a German student visa?
A German student visa costs are not fixed. Instead, this will depend on what country you come from and precisely which type of visa you would like. You may need to contact your embassy or consulate representative if you want an accurate price of such services.
9. Is an MBA in Germany for Indian students a good idea?
An MBA pursuit in Germany could be the perfect solution for Indian students. Germany provides top-notch education services, reasonable costs of studies and good chances for getting such jobs. Its economic power, along with a high degree of globalization, has created numerous opportunities for job career development.
10. What is an MBA in Germany fees for Indian students?
Germany MBA colleges fees for public and private universities in Germany can vary greatly. Public universities mostly offer free tuition programs whereas, private ones require tuition fees. It is also important to factor in the cost of living.
