Average Salary of MBA in Germany – A Perfect Guide
Updated on 26 March, 2024
upGrad Abroad Team
upGrad abroad Editorial Team
)A two-year MBA program holds a lot of potential for aspiring professionals. In the first year, they study every basic concept necessary to create a base for the candidate’s specializations in the second year. These specializations may range from finance to marketing and human resources.
Germany may not be the first option for anyone’s MBA degree. However, its low-cost, comprehensive, and practically inclined coursework puts it above several other countries and their MBA programs.
Read along to learn more about the Jobs available on graduating with an MBA, the average salary of MBA in Germany, and the Return on Investment on graduating with a German degree.
Table of Contents
Jobs for MBA in Germany
The position determines the average salary of MBA in Germany that an individual holds in an organization. These can range from managerial and consulting roles and everything in between.
Below are the different job roles and their descriptions and the average salary that one can earn in such a position.
Role |
Job Description | Average Annual Salary in INR (approx) |
Business Development Manager |
Communicating with potential clients and creating marketing campaigns. | 14,000,000 |
| Consultant | Planning and carrying out commercial initiatives for clients. | 11,700,000 |
General Manager |
A general manager is accountable for the overall management. A particular task position does not define their profession. | 13,600,00 |
| Operations Manager | Evaluating and enhancing organizational procedures, employment conditions, and efficiency. | 10,500,000 |
Product & Project Manager |
Assuming leadership of the product or project and arranging its management, development, and budgeting. | 11,000,000 |
| Strategist | Developing and assessing approaches that aid in the achievement of the organization’s objectives. | 16,200,000 |
Marketing Manager |
Determining a product’s core demographic and developing pricing models | 9,600,000 |
| Brand Manager | They are in charge of guaranteeing that the goods, services, and product offerings associated with a brand appeal to present and prospective customers. | 10,000,000 |
Human Resource Manager |
They are responsible for organizing all administrative activities concerning an organization’s employees. | 8,200,000 |
| Key Customer Manager | Developing a comprehensive awareness of key clients and their demands and expectations. Extending ties with current clients by consistently presenting solutions that match their needs. | 7,300,000 |
ROI of Top German Business Schools
The substantial return on investment delivered by German business schools is one of the reasons for their growing popularity.
The most crucial aspect in persuading numerous international students to pursue an MBA in Germany is the attractive average income and inexpensive tuition costs for MBA graduates.
Listed are a few of the most prevalent MBA colleges in Germany that ensure a substantial average salary of MBA graduates.
University Name |
Program Tuition Fee USD | Average Salary USD |
Frankfurt School of Finance and Management |
42,500 (INR 31 lakh) | 309,000 (INR 2.3 crore) |
| Mannheim Business School (MBS) | 44,200 (INR 32 lakh) | 119,000 (INR 88.78 lakh) |
WHU – Otto Beisheim Graduate School of Management |
43,600 (INR 32 lakh) | 107,000 (INR 79.82 lakh) |
| ESMT Berlin | 48,600 (INR 36 lakh) | 108,000 (INR 80.54 lakh) |
HHL Leipzig Graduate School of Management |
42,500 (INR 31 lakh) | 76,000 (INR 56.67lakh) |
| EBS Business School | 26,300 (INR 19 lakh) | 117,000 (INR 87.25 lakh) |
Cologne Business School |
34,221 (INR 25 lakh) | 69,300 (INR 51.68 lakh) |
The Average Salary for Top 10 MBA Programs in Germany
Fresh graduates might expect to earn roughly 55,000 Euros (INR 46 lakh) per year. However, this differs based on previous work experience, the firm that one was employed to, and the industry and geography of the company.
The institutions in Germany do not offer campus placements and instead assist students in finding suitable positions. However, numbers suggest that a student can offset the cost of studying for an MBA in Germany during the first year of work itself.
Here are the top ten universities and their MBA program that ensure the best average salaries.
University Name |
Location | Average Salary in EUR |
Frankfurt School of Finance & Management |
Frankfurt | 260,000 (INR 2.2 cr) |
| Mannheim Business School | Mannheim | 104,000 (INR 88 lakh) |
University of Cologne |
Cologne | 140,000 (INR 1.2 cr) |
| University of Erlangen-Nuremberg | Erlangen | 335,000 (INR 2.8 cr) |
HHL Leipzig Graduate School of Management |
Leipzig | 85,000 (INR 72 lakh) |
| WHU-Otto Beisheim Graduate School of Management | Dusseldorf | 83,000 (INR 70 lakh) |
Hamburg University |
Hamburg | 130,000 (INR 1.1 cr) |
| Berlin School of Economics | Berlin | 64,000 (INR 54 lakh) |
ESMT Berlin |
Berlin | 75,000 (INR 63 lakh) |
| ESCP – Berlin Campus | Berlin | 91,000 (INR 77 lakh) |
On top of these reputed universities, several other institutions specialize in management and related courses. Moreover, some of these universities offer online courses that allow one to incur even fewer expenses with the additional luxury of availing these courses from the comfort of one’s home.
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Final Words
It has already been established that the average salary of MBA graduates in Germany is high. Moreover, the return on investment in studying from institutions like the ESMT in Berlin or Frankfurt School of Finance and Management is somewhat higher than others listed in this article.
It is, therefore, an excellent investment to pursue an MBA in Germany. In addition to a high average salary of MBA in Germany, the country is also known for its standard of living and inclusivity. It is a major economy of the world and part of the European Union.
Hence, it is not only about the course that one decides to pursue, but Germany will also ensure the global connection that every applicant to an international university desires!
Disclaimer! All course fees and salaries are approximate amounts subject to change depending on various conditions.
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