MBA or M.B.A is an acronym for Master of Business Administration. This is a type of Master’s degree for students looking to specialise in management.
MBA first started in the USA in the early 1900s and it has since then, been embraced by many countries around the world as an important Masters degree for post-graduate business management students.
MBA in Germany started much later for the country when compared to other Western countries. Masters of Business Administration was approved and universities in Germany were permitted to offer MBA in 1998. Since then, the number of universities in Germany that offer MBA has surged dramatically.
MBA has almost fully replaced the traditional German business administration degrees. Many of Germany’s business schools offer the MBA today.
Studying in Germany on its own is very cheap. Many public schools in Germany have their tuition to be free or very low. This alone, tells you that studying for an MBA in Germany will be very affordable especially if you will be studying for your MBA at a public university or public Business School.
Is It Worth Getting A Master Of Business Administration Degree In Germany?
Getting an MBA from Germany is a good decision that we recommend you go along with. The German MBA degree is well respected all over the world. The MBA in Germany is slowly gaining more popularity and respect nowadays. This is a huge improvement compared to the past.
Also, a lot of foreign students apply to German MBA colleges. Apart from the low tuition fees which obviously attracts a lot of students to do their MBA in Germany, other factors are also responsible for Germany’s high patronage for MBA degree among foreign students.
Factors like, the World-class standard of these MBA schools and colleges, the MBA program in Germany is offered in English language, the MBA curricular is innovative and research oriented and to top it up, foreign students get to learn the German language while studying for their MBA. So, what’s not to love?
Most Affordable MBA Colleges in Germany
Having said all that above, let us look at the most affordable and cheapest MBA colleges in Germany. Though the public universities and public business schools in Germany are state funded, some universities and colleges are still far cheaper than others.
Let’s look at a list of MBA colleges in Germany and their tuition fees as well as total fees for the FIRST year at the schools.
Under the Public school category, we have:
1. University of Bayreuth
This university offers qualified students an M.Sc in Business Administration. The tuition fee is Zero. That means, no tuition fees are paid by MBA students enrolled. But semester fees of 208 EUR and Transportation fees of 350 EUR will be paid in an academic year.
2. Johannes Gutenberg University
This university offers its admitted MBA students an Executive MBA. No tuition fees are paid but a registration fee of 300EUR is paid in an academic year by each student.
3. Ludwig Maximilians University Munich
This university is offers its admitted students a Masters in Business Administration. There are no tuition fees paid by MBA students at this university. But students are expected to pay Insurance fees of 800 EUR, transportation fees of 330 EUR, semester ticket fees of 133 EUR, and Student Services Fees of 124 EUR. The total fees paid is 1387 EUR for MBA student in an academic year.
4. Esslingen University of Applied Sciences
This school also offers MBA in International Industrial Management. This school is expensive in comparison to the other public MBA schools mentioned above. In total, an MBA student will pay up to 5900 EUR in an academic year.
Under the Private school category:
5. International School of Management
This private business school offers MBA course to all students both local and foreign. The tuition fee at this business school is 13,371 EUR.
6. Schiller International University
This private business school offers Masters in Business Administration to students. The tuition at the school is 17,620 EUR.
The last two business schools might not be very affordable options for students. This is because they are privately owned schools unlike the public ones owned by the state.
We mentioned the private MBA schools and their tuition so that you can see and appreciate the cheap tuition available at public MBA schools in Germany. We hope you enjoyed the article and of course, learned what you came for.
