Germany has become a major business hub over the last few years, mainly due to its thriving economy and the plethora of world-class institutions in the field. Even the top 3 business schools found a place in financial times 100 B-schools. Here is your guide towards finding some of the top universities in Germany for business courses. You will find these popular programs with diverse curricula at numerous institutions in the country.
Table of Contents
- Eligibility Criteria
- Best universities in Germany for business programs
- 1. Universitat Mannheim
- 2. Technical University of Munich
- 3. WHU- Otto Beisheim School of Management
- 4. Ludwig-Maximilians-Universitat Munchen
- 5. Freie Universität Berlin
- 6. RWTH Aachen University
- 7. Goethe-University Frankfurt am Main
- 8. University of Cologne
- 9. Humboldt-Universitat zu Berlin
- 10. Westfälische Wilhelms-Universitat Munster
- 11. EBS Business School
- 12. Technische Universitat Dresden
- 13. Technische Universitat Hamburg
- 14. Technical University of Darmstadt
- DAAD Scholarships
- Career Prospects
- upGrad Abroad Recommendations
Eligibility Criteria
- You will require either undergraduate/postgraduate degrees, depending on the course that you are applying for (BBA/MBA for example).
- You will have to submit scores in standardized examinations like GRE or GMAT for example.
- You will require scores in language proficiency tests (TOEFL/IELTS).
- CV/Resume may be required in some cases along with SOPs and LORs.
Best universities in Germany for business programs
To acquaint you with the top business schools in Germany, here is a list of the foremost universities in Germany in the field:
1. Universitat Mannheim
Year of Foundation: 1969
Rankings:
- #756 in Best Global Universities
- Ranked 32nd and 42nd in THE World University rankings 2021 in Economics and Social Sciences
- Ranked 65th in Psychology globally as per THE World University rankings 2021
- University is ranked at the 165th position as per THE World University rankings 2022
Courses offered: MBA full-time
Entry Requirements:
- University Entrance Qualification, CV, and Transcript of Records
- Relevant Academic qualification (Subject-Specific)
- GRE/GMAT
- German language proficiency Proof is not required
- English language proficiency required (TOEFL- 72)
- Letter of Motivation
- Resume/CV
Application Deadline: Mid March
Annual Fee: 1,000 USD/Year
2. Technical University of Munich
Foundation Year: 2010
Rankings:
49th rank in QS World University Ranking 2023, 19th in QS World Subject Ranking (Engineering & Technology), 28th in QS World Subject Ranking 2022 (Natural Sciences), 62nd in QS World Subject Ranking 2022 (Lifesciences & Medicine), 183rd in QS World Subject Ranking 2022 (Social Sciences & Management)
Courses offered:
Bachelor’s in Management & Technology, Bachelor’s in MBA full time, Bachelor’s in Sustainable Management & Technology, Master in Management & Technology, Master in Management, Management in Sustainable Management & Technology
Entry Requirements:
- Documentation related to higher education entrance qualification
- Relevant Academic qualification (Subject-Specific)
- GRE/GMAT
- Fill the application form using uni-assist
- All relevant documents pertaining to previous education, or anything related to higher education
- Proof or certificate of proficiency in language skills
- CV/Resume
- Passport
- Letter of Motivation (if required)
- Work experience in case of MBA
Application Deadline: Applications are accepted around the year. Intakes are for Fall (October) and Spring (April)
Annual Fee: € 39,000
3. WHU- Otto Beisheim School of Management
Foundation Year: 1984
Rankings: Ranked 18th worldwide and 6th in Germany (Master in Management Financial times Rankings)
Courses offered:
Bachelors in International Business Administration, Bachelor in Business Psychology, Full-time MBA, Global online MBA, Masters in International Business, Masters in Entrepreneurship
Entry Requirements:
- Higher education or undergraduate degree, whichever is higher
- Relevant Academic qualification (Subject-Specific)
- Minimum two years of experience in case of MBA
- Letter of recommendation
- GMAT or GRE in case of MBA
- TOEFL or IELTS equivalent
One can also review their eligibility by applying on Uni-Assist.
Commencement of the Program: April and September
Application Deadline: December 15 (April Intake Full-Time MBA) or May 31 (September Intake Full-Time MBA)
Annual Fee: 7,500€ per semester to € 40,500 (Annual). It varies depending on the chosen course.
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4. Ludwig-Maximilians-Universitat Munchen
Foundation Year: 1472
Rankings: #59 in QS World University Rankings 2023
Courses offered: Masters in Management and Digital Technologies
Entry Requirements:
Resume/CV, German language proficiency, Relevant Academic qualification (Subject-Specific), TOEFL or IELTS equivalent, Letter of recommendation, GMAT or GRE in case of MBA
Application Deadline: 15 Jan & 15 July (Every Year)
Annual Fee: 258 EUR/year (on an average)
5. Freie Universität Berlin
Foundation Year: 1948
Rankings: #118 in QS World University Rankings 2023
Courses offered: Master of Business Marketing, European and International business
Entry Requirements:
Higher education entrance qualification or undergraduate (subject-specific), Minimum GPA of 3, English Proficiency requirement, GRE/GMAT
Application Deadline: Mid of May, July, and January for the summer and winter semester
Annual Fee: €3,800 + Program fee differs with different programs
6. RWTH Aachen University
Foundation Year: 1870
Rankings: 147 in QS World University Rankings 2023
Courses offered: Business Administration (BSc), Executive Master of Business Administration MBA
Entry Requirements:
University entrance qualification certificate, Proof of language proficiency (German & English), GRE/GMAT, Relevant Academic qualification, LOR, SOP
Application Deadline: Winter Semester (Mid July), Summer Semester (Mid January)
Annual Fee: 1095 Euros (monthly basis)
7. Goethe-University Frankfurt am Main
Foundation Year: 1914
Rankings: Ranked 328th in QS World University Rankings 2023
Courses offered: MBA full-time, MSc. Business Administration,
Entry Requirements:
Documents related to the Academic report, Valid Passport, Passport, Documents supporting your financial stability, Health cover, University entrance qualification certificate, Proof of language proficiency (German & English), GRE/GMAT, Relevant Academic qualification, LOR, SOP
Application Deadline: Deadlines vary with different business and masters’ programs
Annual Fee: No Tuition fee is charged, however, an administrative fee of ~700€ is charged annually
8. University of Cologne
Foundation Year: 1388
Rankings: #335 in QS World University Rankings 2023
Courses offered: Executive MBA and Master Business Analytics & Econometrics
Entry Requirements:
Documents related to the Academic report, Valid Passport, Passport, Documents supporting your financial stability, Health cover, University entrance qualification certificate, Proof of language proficiency (German & English), GRE/GMAT, Relevant Academic qualification, LOR, SOP etc
Application Deadline: 14 Aug for Executive MBA, 15 June for Master Business Analytics & Econometrics
Annual Fee: 13250 €
9. Humboldt-Universitat zu Berlin
Foundation Year: 1810
Rankings: #131 in QS World University Rankings 2023
Courses offered: BSc in Business Administration
Entry Requirements:
- Documents/Certificates related to Academic qualification(degree in business in case of MSc. Business Administration)
- Language proficiency scores (German and English)
- GRE/GMAT in case of MBA
- LOR
- SOP
- Passport and other miscellaneous documents
Application Deadline: March End/September End
Annual Fee: 160 EUR
10. Westfälische Wilhelms-Universitat Munster
Foundation Year: 1780
Rankings: 384 in QS WUR 2023
Courses offered: BSc/MSc Business Administration
Entry Requirements:
- Previous transcripts translated in German or English
- Academic documents/Certificates
- Entrance qualification (if required)
- Health Insurance Proof
- Passport
- Language Proficiency scores
- Visa requirements
Application Deadline: First week of June and July
Annual Fee: € 316.03 per semester
11. EBS Business School
Foundation Year: 1971
Rankings: #401-450 QS WUR Subject Rankings 2022 (Business & Management Studies)
Courses offered: Bachelors in Business Studies, MBA full-time (Specialization in Management, Finance, Automotive Management, Real Estate or semester abroad) & Executive MBA
Entry Requirements:
- Bachelor’s degree with at least 180 ECTS or an equally acknowledged degree (in case of MBA)
- Proof of at least 3 years of practical experience (Only in case of MBA)
- English language Proficiency certificate (TOEFL iBT, IELTS or equivalent)
- Valid GMAT or GRE Scores
Application Deadline: No deadline
Annual Fee: 10,660 euros per semester (in MBA) & 7,340 euros per semester (Bachelors in Business Administration)
12. Technische Universitat Dresden
Foundation Year: 1828
Rankings: –
Courses offered: BSc in Business and Economics, Masters in Business Management, Masters in Business & Economics education
Entry Requirements:
- General high school graduate certificate or equivalent
- All academic related documents
- German language requirements
- Bachelor’s degree in Business and Economics with a major in the field of Business Management
Application Deadline:
Winter semester: 1st June until 15th September
Summer semester: 1st December until 15th March
Annual Fee: No tuition fee
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13. Technische Universitat Hamburg
Foundation Year: 1978
Rankings: #1085 in Best Global Universities
Courses offered: BSc in Business Administration,MA in international business and sustainability
Entry Requirements:
Bachelor’s or equivalent degree from a recognized university in any of the discipline (engineering, science and technology, business engineering, business administration (including business informatics, business mathematics and business geography) or economics alongwith a stellar academic performance.
English Language proficiency skills ( TOEFL – 577 (paper-based) / 90 (internet-based) or IELTS with a minimum score of 6.5)
Application Deadline:
1 June to 15 July (Winter Semester)
1 December to 15 January (Summer Semester)
15 February to 31 March (Masters Programs)
Annual Fee: No Tuition Fee
14. Technical University of Darmstadt
Foundation Year: 1877
Rankings: #275 in QS World University Rankings 2023
Courses offered: BSc/MSc in Business Administration
Entry Requirements:
- School-leaving certificate in the original language, and a certified translation list of grades and subjects in the original language, and a certified translation
- Certified copies of university entrance examination/certificate in the original language, and a certified translation
- Copy of your passport ID page
- Proof of your language proficiency skills (IELTS 6.5, TOEFL Paper 550, TOEFL iBT 95)
Application Deadline: Mid-July
Annual Fee: No Tuition fee. However, registration fees, administrative fee,s and other charges apply
These were some of the top business schools in Germany with their requirements.
DAAD Scholarships
Founded in 1925, Deutscher Akademischer Austauschdienst or German Academic Exchange Service (DAAD) is responsible for the internationalization of German education, which it does through several measures, including providing grants and scholarships. Most foreign DAAD scholarship recipients are master’s students or doctoral candidates. Only very few scholarships are awarded at the bachelor’s level (to top students at German schools
abroad). In order to avail of the DAAD scholarship, you need to complete the following steps:
- Create an account on the DAAD portal
- Select the Scholarship program
- Complete the documentation process and submit
Career Prospects
Job Profile | Salary/Remuneration |
General Manager | 73,200 EUR |
Project Manager | 48,000 EUR |
Operations Manager | 50,980 EUR |
Business Development Manager | 53,831 EUR |
Marketing Manager | 44,680 EUR |
Strategist | 45,750 EUR |
Source: Payscale
Top Recruiters
Some of the top recruiters in Germany for Business studies graduates include Siemens, Volkswagen, Bosch, BMW, Mercedes, Merck, and Bayer.
upGrad Abroad Recommendations
The program recommendation by UpGrad is Master in International Management. Following are the benefits if same:
- Cost savings up to INR 20 lakh on the course.
- Average salaries of INR 45 lakh in Germany after course completion.
- Two year course where you will study online in the first year at IMT Ghaziabad.
- Tuition fees will be roughly INR 2.75 lakh (all-inclusive) for the first year of study.
- The second year will revolve around on-campus study at IU Germany, with tuition fees standing at 8,788 Euros. You will also need roughly 10,332 Euros in food and living costs.
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