MIM in Germany: Fees 2024, Top Colleges, Placement & Salaries

| Updated On - Jul 29, 2024

MIM in Germany is a one-and-a half to two-year program that focuses on outlining the theoretical concepts of business management. The course curriculum, intended for freshers, is similar to MBA. For admission to MIM in Germany, you need:

Bachelor’s degree in a related discipline
2.5 GPA out of a 4.0 scale (77-80%)
GMAT Score: 600+ | GRE: 320+
IELTS : 6.5-7.0 | TOEFL-iBT: 90-100
The tuition fee range for a Masters in Management in Germany is €15,000-€ 45,000 (13-40 lakhs INR).
The average cost of living in Germany is around EUR 850 (~74,000 INR) per month or EUR 10,236 (~8.9 lakh INR) per year.
Masters in Management graduates are usually placed at some popular companies, such as McKinsey & Company, Deutsche bank, BMW, and Nestle.
These companies offer lucrative salaries of around € 70,000 (62 lakhs INR).
Munich and Frankfurt are the highest-paying cities in Germany for MIM graduates.

Study in Germany Tips for Indian Students Keep an eye on education and career fairs organized by Goethe Institut—you can find information on universities, visa processes, immigration, and more there. Look for a 2-year MIM degree. 2-year programs have mandatory internships that’ll help you get your foot in the door and provide you with valuable work experience. Aim for big cities, avoid small towns in Germany. A problem Indian students often end up facing in Germany is a lack of opportunities in remote areas. Though the cost of living there is low, the job prospects are limited and fewer people know English, making placement a challenge. Apply for the winter semester to be able to attend all the courses you want.

Table of Contents

Top Universities for Masters in Management in Germany
Why Study MIM in Germany
MIM in Germany Admission
Cost of Study
MIM vs MBA
Placement
FAQs

Top Universities for Masters in Management in Germany

Some of the best universities for Masters in Management in Germany are listed below along with the course details:

QS Ranking 2025	University	Program	Deadlines	Total Tuition Fees (EUR)
28	Technische Universität München	MS in Management	31 May 2024	20,000
285	University of Cologne	MS in International Management	31 March 2024	1,280
487	University of Mannheim	Masters in Management	15 May 2024	6,000
127*	WHU - Otto Beisheim School of Management	Master in Management	30 April 2024	37,200
43	Frankfurt School of Finance & Management	MS in Management \| MS in Financial Management	30 June 2024	35,500
90	Munich Business School	MS in Luxury Management \| MS in International Marketing and Brand Management	15 April 2024	24,900
63*	ESMT Berlin	Master in Global Management	1 June 2024	32,000
-	GISMA Business School	MS in International Business Management \| MS in Business Management	Rolling basis	15,500
24*	CBS International Business School	MA. Financial Management \| MA. Marketing Management	15 May 2024	15,840

*Subject-Wise Rankings

Why Study MIM in Germany

Statistically, a master’s degree can earn you more promotions in the long term as compared to a bachelor’s. Masters in Management is no exception—it adds credibility to your career profile.
It provides Indian students networking opportunities with industry professionals, and building and strengthening your network can open up a myriad of opportunities.
Europe is the pioneer of Masters in Management, so Germany presents a lot of scope for Indian students.

MIM in Germany Admission

Most universities have two intakes in Germany - the winter semester (starting in September/October) and the summer semester (starting in March/April). The winter semester offers more course choices and is preferred by Indian students.

MIM in Germany Eligibility

Entry requirements for international students to study MIM courses in Germany differ from one university to another. However, the general requirements that one must meet to be eligible for admission are:

Academic Degree: A 3/4-year bachelor’s degree in a related discipline from a recognized institution
Minimum GPA: 2.5 out of a 4.0 scale (77-80%)
GRE or GMAT Score: Required (600+)
IELTS : 6.5-7.0 | TOEFL-iBT: 90-100
Statement of Purpose/Essay, 1-2 LORs
Work Experience: Optional

The subject requirements for MIM vary according to university, and are usually business, engineering, or economics.

There are some universities in Germany that do not mandate the submission of GMAT scores, some of them are listed below:

Offenburg University of Applied Sciences
Herdecke University Master's in Management
University of Mannheim
Frankfurt School of Finance & Management

However, GMAT holds 10 points in the selection process, so it is recommended to increase chances of selection.

Cost of Study

The cost of studying in Germany for an Indian student includes the tuition fees for the course and the cost of living.

Tuition fees: Tuition fees can range from €15,000-€ 45,000 (13-40 lakhs INR) per academic year.

Cost of Living in Germany: The average cost of living for a student per month in Germany is around €700-€1,000 (62,600-89,400 INR)

Munich is the most expensive city in Germany for Indian students.

City	Average Monthly Rent in EUR	Average Monthly Rent in INR
Munich	1,094	97,130
Stuttgart	846	75,129
Essen	452	5,422
Cologne	727	8,726
Aachen	535	6,416
Berlin	796	9,551

MIM vs MBA

Though MIM and MBA have comparable course curriculum, these distinctions set them apart:

Criteria	MIM in Germany	MBA in Germany
Work Experience Required	2-3 years (Not required in some cases)	3-5 years (Mandatory)
Cost	€15,000 - € 45,000 (13- 40 lakhs INR)	€10,400 - €49,500 (9 - 44 lakhs INR)
Education Type	Theoretical	Practical
GMAT	Not Mandatory	Required
Placement	Entry-level Management Roles	Senior Management Roles

Placement

The average starting salary for graduates with a Master of Management degree is around €46,000 (41.39 lakhs INR) per year.

Profession	Average Salary (EUR)	Salary for Indian Student (INR)
Management consultants	73,200	65 lakhs
Business analysts	53,182	47 lakhs
Marketing managers	45,876	41 lakhs
Project manager	60,224	53 lakhs
HR managers	50,000	44 lakhs
Financial analysts	50,156	44 lakhs

Masters in Management helps you transition into management roles early in your career. To boost your job prospects, consider internships during your studies. Though Germany has a number of high-ranking universities, your skills take precedence over your school when it comes to placement. However, private universities are not held in much regard, so aim for (the highly competitive) public ones.

FAQs

Ques. What is the language of instruction for Masters in Management in Germany?

Ans. Many MIM courses in Germany are offered in English, although some may also be offered in German. English proficiency tests such as TOEFL or IELTS are required. Additionally, management roles demand extensive use of the German language, and you’re recommended to be at C1 level, at least..

Ques. Is it better to do an MBA in India or MIM in Germany?

Ans. Any German university is likely to be better than Indian institutes. The major focus of universities in India is placement, while German business schools tend to focus more on skill development. A degree in Germany also provides exposure to the international context of management practices.