MiM in Germany: Top Universities, Scholarships, Career Opportunities
In this blog, students will understand reasons for studying MiM in Germany, career, average salary and roles offered after MiM in Germany. It also uncovers the eligibility criteria, application process and scholarship opportunities for MiM in Germany.
MiM in Germany: Key Highlights
| Criteria | Description |
|---|---|
| Course | Master in Management |
| Duration | 1-2 year |
| Average Tuition Fee | €10,000 to €40,000 per year |
| Top Universities | University of Mannheim, ESCP Business School, HHL Leipzig Graduate School of Management |
| Scholarships | Heinrich Böll Foundation Scholarship, Friedrich Ebert Foundation Scholarships, ESCP Business School Scholarships |
Why MiM from Germany?
MiM or Master of Management is a postgraduate degree that offers knowledge in management and practices. The MiM in Germany is a desirable option for people looking for a well-rounded development. Germany is considered one of the most student friendly destinations by Indians. Some reasons for joining MiM in Germany are listed below:
- Scholarship opportunities for international students
- Advanced teaching methodologies and proficient faculty members
- Placement opportunities in the top MNCs of the world.
- MiM is a perfect course for entering into roles like consulting, policy making, etc.
- Highly ranked universities that offer practical & extensive knowledge in fields like accounting, business strategies and management.
- High average salaries after graduating from some of the top B- schools of Germany.
Top Universities for MiM in Germany
The table below highlights the fees, ranking and duration of MiM in Germany. The duration of MiM in Germany is 21-24 months with an average tuition fee of EUR 30,000-35,000 per year. Some of the best universities for MiM in Germany are listed below:
| University | Course Name | Ranking by Subject | Duration | Total Tuition Fees |
|---|---|---|---|---|
| WHU | MiM | NA | 2 years | Depends on School |
| WHU | Master in International Business | NA | 2 years | Depends on School |
| Frankfurt School of Finance & Management | MSc in Management | NA | 2 years | EUR 35,500 |
| University of Mannheim | MSc in Management | 29 | 2 years | EUR 30,000 |
| TUM | MiM | 31 | 2 years | EUR 16,000 |
| ESMT Berlin | MSc in Global Management | 75 | 2 years | EUR 35,000 |
| HHL Leipzig | MSc in Management | 86 | 2 years | EUR 35,900 |
Scholarships for MiM in Germany
The different types of scholarships offered for MiM in Germany are listed below:
| Name of the Scholarship | Awarding Body | Amount of Scholarship |
|---|---|---|
| Scholarship Deutschlandship | TUM | EUR 500-1500 (per semester) |
| Oskar Karl Foster Scholarship for Books and Learning materials | TUM | EUR 100-500 |
| Heinrich Boll Foundation | Federal Foreign Office | EUR 861 (per month) |
| FS Master’s Scholarship | Frankfurt School | 10-15% Fee Waiver |
Requirements for MiM in Germany
Academic Transcript: (10th,12th Marsheet, Bachelor’s Degree Certificate).
A minimum GPA score of 3.0 out of 4.0 or 70-80% is required.
GMAT: Some universities may prefer it, although it is not required. A minimum score of 600-650 is required for admission.
English Language Proficiency Test: A score of 97-100 on the TOEFL, 6.0-7.0 on the IELTS, or 65-70 on the PTE is required.
Letter of Recommendation: 2-3 letters of recommendation is also a part of the admission process.
Statement of Purpose/Statement of Objective: SOP includes the purpose and motivations that drive you for this course and university. A Standout SOP/Statement of Purpose is an essential part of the admission process.
Passport
Resume/CV
Work Experience Certificate (2-3 years of experience, if asked).
Proof of Funds
Application Process for MiM in Germany
The application process begins in both fall and spring intakes for the candidates who wish to apply for MiM inGermany. Here are the steps for applying into MiM in Germany:
- Visit the desired universities’ sites to understand the application process and apply for it.
- After the application process, take the required exams that are accepted by the university. Exams like IELTS/TOEFL, GMAT, etc are some of them which are essential for determining the admission.
- Shortlisted candidates will sit for the interview conducted by the University
- Selected candidates become eligible to pursue their desired course in the applied university.
Career Scope after MiM in Germany
A master’s in management or MiM in Germany offers distinct roles and job opportunities to students. The degree helps them work in top MNCs, government and private institutions. Some of the desired roles for students are highlighted below:
- Human Resource Manager: HRs address employee grievances, resolve conflicts, conduct recruitments, and training programmes.
- Business Development Manager: The business development manager is responsible for identifying marketing strategies, conducting marketing research, boosting the profit by implementing marketing strategies. Policy Analyst: A policy analyst focuses on making new policies, reviewing existing policies and making significant changes in the policy-making structure.
- Financial Manager: A financial manager is responsible for developing budgets, forecasting financial trends, and preparing financial strategies. They are also responsible for analysing financial data, preparing yearly financial reports and optimising returns on surplus funds.
- Business Strategist: A business strategist focuses on developing long term plans aligned with organisational goals and vision. They also analyse industry trends, competition, and market opportunities to identify potential growth opportunities and areas.
- Business Consultant: Consultation involves research and analysis of problems, development of strategies to achieve business objectives and implementation of proposed solutions. A consultant is also responsible for measuring the impacts of strategies and refining them.
| Job Roles | Average Salary (per annum) |
|---|---|
| Business Consultant | EUR 60,000-80,000 (INR 53-71 lakhs) |
| Financial Manager | EUR 70,000-85,000 (INR 62-76 lakhs) |
| Policy Analyst | EUR 60,000-100,000 (INR 53-89 lakhs) |
| Human Resource Manager | EUR 65,000-80,000 (INR 58-71 lakhs) |
| Business Strategist | EUR 60,000- 70,000 (INR 53-62 lakhs) |
| Business Development Manager | EUR 70,000-80,000 (INR 62-71 lakhs) |
Key Takeaways by AdmitX
MiM in Germany helps students in gaining the top spots of the world in consulting, business analysis and more. The course is widely popular among Indian students who are planning to pursue their management degree abroad.
The best universities, opportunities and experience of working in top MNCs of the world, make Germany one of the leading destinations for international students. For more related information, visit AdmitX.
FAQs
Who is eligible for MiM in Germany?
Students with a bachelor’s degree in management, business, economics or related field are eligible for MiM in Germany. However, this criteria is not water tight and varies from university to university.
How to finalise a university for MiM in Germany?
Search the university and check its QS ranking or Financial Times Ranking. Check the eligibility criteria and analyse whether or not you are fulfilling it. After the eligibility criteria is checked, shortlist your desired universities and apply for it.
Is MiM in Germany a good choice for an Indian?
Yes, MiM in Germany is definitely a great choice for Indian students. The best universities, scholarship opportunities and vast roles offered after MiM are worth valuing. Moreover, Germany is also known as a student friendly destination for pursuing MiM.
What is the cost of living in Germany?
The average cost of living in Germany is EUR 12,000-15,000 (INR 11-13 lakhs).
What is the average cost of studying for a Masters in Management in Germany?
The average cost of studying Masters in Management in Germany is EUR 30,000-35,000.
If you are an aspirant looking to study at your dream university, book an appointment with AdmitX today and start your applications early to avail yourself of all the benefits.
