Germany has become a popular destination for students seeking an MBA due to its affordable education system, quality of education, and international faculty.
Pursuing an MBA in Germany is cheaper than in the UK or the USA, and the country is home to multiple MBA colleges that cater to the budget needs of different types of students.
While some of the best MBA colleges in Germany are private and may charge fees for their MBA programs, some public universities in Germany offer MBA programs at no tuition cost at all.
In this article, we will explore the Cheapest MBA Colleges in Germany and provide insights into the cost of pursuing an MBA in Germany.
5 Top MBA Colleges in Germany with Low Fees
The top 5 MBA colleges in Germany with low fees are:
1. Technical University of Munich
The Technical University of Munich is the first on the list of cheap MBA colleges in Germany. This is a highly-ranked university in Germany that offers a variety of courses, including an Executive MBA in Innovation and Business Creation.
If you join their School of Management, you’ll learn all about modern management techniques. This will help you become a responsible manager or leader in both management and technology fields.
TUM offers programs in both English and German, providing options for international students. The university provides various scholarships, such as the British Council IELTS Award, to support students in their academic pursuits.
| Feature | Details |
|---|---|
| Average Fees Per Year | 1,764 EUR |
| Rankings | #2 in Germany (FT 2023), #31 in Europe (FT 2023) |
| Language of Instruction | English |
| Scholarships | Merit-based scholarships are available, but need-based scholarships are not available |
2. Ludwig Maximillian University Munich
Ranked second among the most affordable MBA colleges in Germany is Ludwig Maximillian University Munich. Ludwig Maximilian University Munich (LMU) is a public research university in Munich, Germany.
It’s been one of Europe’s top management schools right from the start. The university has always aimed to enhance business-related fields through outstanding research and training.
The university has 18 academic divisions, including faculties of business administration, medicine, and social sciences, and offers more than 200 degree programs.
| Feature | Details |
|---|---|
| Average Fees Per Year | 9,550 EUR |
| Rankings | #54 in QS World University Rankings 2024, #33 in THE World University Rankings 2023, #47 in U.S. News & World Report Best Global Universities 2023 |
| Language of Instruction | English |
3. University of Kiel
The University of Kiel is one of the best places for international students to get a cheap MBA in Germany. It’s connected to the Kiel Institute for World Economics and has some really famous research centers.
It was founded in 1665 and is the largest and oldest university in the state, with approximately 27,000 students. Overall, it’s considered one of the top universities in Germany for MBA programs.
| Feature | Details |
|---|---|
| Average Fees Per Year | 1,200 EUR |
| Rankings | #301-400 in THE World University Rankings 2024 Business & Economics |
| Language of Instruction | English and German (some courses offered in each language) |
4. University of Tuebingen
The University of Tübingen is another option for getting an affordable MBA in Germany. It’s known for being highly ranked across various categories and offers over 80 Master’s degree programs.
The university received high praise from the German government’s Excellence Initiative, making it one of Germany’s top eleven outstanding institutions.
| Feature | Details |
|---|---|
| Average Fees Per Year | 1,500 Euro |
| Rankings | #301-400 in THE World University Rankings 2024 Business & Economics |
| Language of Instruction | English and German (varies depending on the specific program) |
5. University of ULM
The University of Ulm offers an affordable MBA program in Germany. The MBA program at the University of Louisiana at Monroe is accredited by AACSB-International and spans two years.
It provides flexible scheduling with afternoon and evening sessions, making it easier for students to balance their studies with work commitments. Moreover, there are various optional online subjects available for students to choose from.
| Feature | Details |
|---|---|
| Average Fees Per Year | 2,040 EUR |
| Rankings | #301-400 in THE World University Rankings 2024 Business & Economics |
| Language of Instruction | Some programs are offered solely in German, while others offer courses in both German and English. |
| Scholarships | Merit-based scholarships are available through the university and external organizations. Need-based scholarships are limited. |
FAQs
Q1: What is the duration of an MBA in Germany?
- In Germany, an MBA program typically lasts between 1 to 2 years.
Q2: What are the requirements for doing an MBA in Germany?
- To get into the top MBA programs in Germany, applicants usually need to have finished a bachelor’s degree and provide valid GMAT/GRE scores along with English Proficiency Test scores. Additionally, some German MBA institutes may require candidates to have at least 2 years of work experience.
Q3: Which is the best university providing the cheapest MBA in Germany for Indian students?
- The Technical University of Munich offers one of the most esteemed and affordable MBA programs in Germany for Indian students.
