MIM In Germany: Requirements, Eligibility, Fees (2024)

Thinking about doing a Master in Management (MIM) in Germany? It’s a 2-year postgraduate program that can open up incredible opportunities. Some top universities like Mannheim, Cologne, and Frankfurt School offer fantastic MIM programs. 

The cool thing? These programs are recognised worldwide because critical international organisations like AACSB, AMBA, and EQUIS accredit them. Are you curious about the benefits of studying MIM in Germany? 

This blog will discuss public universities for mims in Germany, job opportunities, requirements, average salary after mims in Germany, eligibility, fees, and top universities for mims in Germany.

What is MIM?

A Master in Management (MIM) is an advanced degree program that will help you gain the expertise and abilities required to thrive in diverse business and managerial positions. 

Tailored for both recent graduates and seasoned professionals seeking to enter or progress in the management field, this program is designed to enhance their capabilities and readiness for the challenges of the business world.

MIM programs prioritise essential business knowledge and fundamental management principles, catering to students with varied academic backgrounds seeking to establish a strong foundation in the field of business.

It also helps in developing essential skills. Such as:

• Critical thinking and problem-solving
• Communication and interpersonal skills
• Leadership and teamwork
• Data analysis and decision-making
• Project management and organisational skills

Why study MIM in Germany?

Here are some compelling reasons why studying MIM in Germany should be at the top of your list:

• High-quality education: Germany is home to prestigious universities such as Mannheim, HHL Leipzig, and Frankfurt School of Finance & Management, consistently recognised as top global business schools. 

However, German Master in Management (MIM) programs extend beyond theoretical teachings. They prioritise hands-on learning through case studies, simulations, and real-world projects, ensuring graduates possess the practical skills and knowledge employers seek.

• Strong Economy: Germany has one of Europe’s largest and strongest economies. Studying MIS in Germany allows you to tap into this dynamic business environment, providing opportunities for internships, networking, and potential job placements.
• Affordable education: Unlike other European nations and the United States, pursuing a Master’s in Management (MIM) in Germany is remarkably budget-friendly. Numerous public universities have minimal or zero tuition fees for international students. Furthermore, Germany’s overall cost of living is comparatively lower than in other prominent economies.
• Strong Focus on Sustainability and Innovation: Germany leads the way in sustainability initiatives and state-of-the-art technologies. Numerous Master in Management (MIM) programs integrate these elements into their curriculum, equipping students for the future’s challenges and opportunities.

The emphasis on sustainability and innovation enhances the significance of a German MIM degree in today’s swiftly changing world. 

What is the scope of MiM in Germany?

The potential for career progression and personal development in Germany within the Master in Management (MiM) field is highly promising. 

Let’s dive into the essential elements:

Career Opportunities:

• Wide-ranging Industries: As a MiM graduate, you can pursue employment in diverse sectors, including consulting, finance, marketing, operations, logistics, and technology. The robust German economy ensures a substantial demand for skilled professionals across various fields.
• Competitive Salaries: You can anticipate attractive compensation packages, with average annual salaries ranging from €40,000 to €70,000. 

Earnings depend on factors such as industry, experience, and location, and top performers from esteemed universities may secure even higher remuneration.

• Career Advancement: MiM opens doors to swift career progression. As a MIM graduate, you can ascend to leadership roles within a few years, courtesy of the program’s emphasis on practical skills and industry-specific knowledge.
• Opportunities for Entrepreneurs: Germany’s thriving startup ecosystem provides a fertile environment for aspiring entrepreneurs. MiM equips individuals with the business acumen and networks to initiate and scale successful ventures.

Personal Development:

• Global Outlook: Enrolling in a program in Germany exposes you to a vibrant international community, expanding your worldview and fostering cultural appreciation.
• Language Proficiency: Acquiring basic knowledge of German improves your job prospects and opens doors to new social and professional connections.
• Lifelong Education: The German education system underscores the importance of ongoing learning and professional advancement, providing the tools to adapt and excel in an evolving world.
• Quality of Life: Germany offers a high standard of living, featuring outstanding healthcare, social safety nets, and infrastructure. This creates a secure and nurturing environment conducive to personal and professional development.

Top universities to pursue MIM in Germany

Here’s a curated list of some of the top universities for MIM in Germany based on rankings, industry reputation, and program-specific strengths:

Mannheim Business School: 

Mannheim Business School (MBS) is Germany’s foremost business education institution, consistently securing top-ranking positions. 

Collaborating with the University of Mannheim, we provide a comprehensive and strategic framework for lifelong management education, encompassing undergraduate, graduate, and executive programs.

This university ranks #26 according to World University Rankings- Master in Management. It offers seven postgraduate programs, and scholarships are also available for students.

This university offers two programs for Master in Management:

1. Manheim Master in Management Analytics: The Full-Time Mannheim Master in Management Analytics & AI ensures a comprehensive grasp of analytics methodologies and technologies, exploring their practical significance across diverse management domains. Additionally, it furnishes a solid foundation in essential business principles.

Other details:

• Program start: September 2024

• Program duration: One year

• Program structure: Full-time

• Location: Manheim, Germany

• Tuition fee: Introductory fee for the 2024, intake: €33,000 and regular fee: €35,000.

• Application deadlines: January 31st, April 30th, and August 15

• Manheim Master in Management Analytics & AI (part-time): Digital transformation is essential across various domains, with data likening to the 21st century’s crude oil. 

Corporations employing digital business models dominate global rankings. Companies adept at analysing and deriving insights from data gain a competitive edge, necessitating new skills. 

The Mannheim Master in Management Analytics & AI addresses this need by offering a unique program at the University of Mannheim that integrates business, economics, and social sciences. 

Other details:

• Program start: May 2024

• Degree: Master of Arts (M.A.)

• Program duration: Two years

• Program structure: Modular part-time format

• Language: English

• Program credits: 120 ECTS

• Location: Manheim, Germany (optional study trip)

• Tuition fee: regular fee: €29,000, early-bird discounts available

• Application deadlines: January 31st, April 30th, and August 15

 

ESCP Europe – Berlin Campus

ESCP Business School has nurtured future leaders for two centuries through its European cross-cultural management approach across six campuses. We strive to cultivate responsible decision-makers with an interdisciplinary foundation.

This university ranks at #45 as per the QS WUR Ranking by Subject, and it also provides one undergraduate program and over 41 postgraduate programs. The average tuition fee is 22,000 EUR/year.

ESCP Europe – Berlin Campus- Master in Management: In this course, you will have an opportunity to study abroad, get hands-on experience, and gain all the skills that you will require to build your international career.

Other details:

• Tuition fee: €25,800 for international students.
• Application fee: €180
• €1000 for each additional degree from an ESCP campus other than Paris.
• Duration: 24 months or two years.

HHL Leipzig Graduate School of Management

HHL, Germany’s oldest business school, provides top-notch facilities for a high-quality general management program. It cultivates leadership qualities, teaching students to integrate sound business knowledge with entrepreneurial thinking and enthusiasm.

HHL Leipzig Graduate School of Management in Management: This program offers a solid foundation in general management to develop strong managerial skills and succeed in business. You acquire a deep understanding of management concepts, leadership skills, and problem-solving abilities. With diverse specialisations, the program caters to individual career goals, making it a versatile choice for excelling in various industries and roles.

Other details

• Main subject: business and management studies

• Degree: MSc

• Study level: masters

• Study mode: on campus

Admission requirements

• Program duration: 21 months

• Starting month: September

Application requirements

• You have to submit references or letters of recommendation for acceptance.
• You also have to submit an essay for acceptance into this course at this university.

WHU – Otto Beisheim School of Management

Founded in 1984, WHU is a well-established business school located in Vallendar and Düsseldorf, Germany. It is renowned nationally and internationally and offers diverse postgraduate programs for professionals at various career stages.

• Ranked #1 in Germany for Entrepreneurship by QS World Rankings.
• Specialisations: Entrepreneurship and innovation, Family Business Management, and Marketing and sales.
• Global Network: Strong connections to leading companies and alumni worldwide.
• Tuition: €30,500 per year.

Master in Management Program: A full-time, English-taught degree program for 21 months awarded with 120 credits. It includes an internship and a semester abroad at one of its partner universities.

Other details:

• Main subject: business and management studies

• Degree: MSc

• Study level: masters

Admission requirements

• TOEFL: 95+

• IELTS: 7+

• Starting month: January

 

ESMT Berlin

This university is located in Berlin, Germany. Established in the year 2002 by 25 global companies and institutions. ESMT offers a variety of Master’s, MBA, and Executive programs in business and management.

This university ranks at #63 as per QS World University Rankings- Master in Management. It is one of the best universities to pursue MIM in Germany.

• Emphasis on technology and innovation: Integrates managerial skills with state-of-the-art technological expertise.
• Areas of expertise: Digital Leadership, Sustainable Management, and Entrepreneurship & Innovation.
• Strategic location: Positioned amid Berlin’s dynamic startup environment.
• Tuition cost: €34,500 annually.

You can pursue a Masters in Global Management program at this university in Germany. 

Here are the other details about this program:

• Duration: 24 months or two years.

• Tuition fee: 32,000 EUR/year.

• Scholarships are also available at this university, which can help you to pursue your MIM in Germany.

• Main subject: Business and management studies.

• Study mode: on campus

• Starting month: September

Frankfurt School of Finance and Management

Is a respected private business school in Frankfurt, Germany. It started in 1957 and is known for its demanding academic programs, hands-on skills focus, and strong industry connections. 

This university ranks at #43 in the QS World University Rankings- Masters in Management. It offers three undergraduate programs and 15 postgraduate programs.

Masters in Management (MSc): The curriculum comprises essential modules, advanced specialisations, and hands-on experience gained through internships. 

Frankfurt School’s extensive global professional network facilitates career opportunities and involvement in company or consultancy projects.

Here are some more details about this program:

• Program duration: 24 months or two years

• Tuition fee: 35,500 EUR/year

• Application deadline: 30 June 2024

• Main subject: Business and Management Studies

• Study mode: on campus

• Starting month: August

Admission requirements to pursue MIM in Germany at this university

• IELTS: 7.0 or equivalent
• TOEFL: 90 iBT, 577 iTP
• Valid GMAT/GRE score or Frankfurt School Admission Test (BT Methods)
• Successful admission interview 

TUM School of Management:

This university is part of the Technical University of Munich (TUM) and excels in global research and education at the intersection of management and technology. Founded in 2002, we consistently rank at the top among business schools in Germany, attracting students and researchers worldwide.

This university ranks at #27 as per QS World University Rankings-Masters in Management. It also offers seven postgraduate programs and one undergraduate program.

This university offers a taught program in Masters in Management. This program is mainly designed for engineers and natural scientists. Regardless of your professional background, you will acquire a comprehensive set of management, law, economics, and business skills.

Admission requirements

• TOEFL: 88+
• IELTS: 6.5+

This course lasts 24 months or two years, and the starting month is January of every year.

This program’s tuition fee for domestic and international students is 130 EUR/year.

University of Cologne:

Established in 1388, the University of Cologne is one of Europe’s oldest and largest universities. 

The university offers diverse undergraduate and graduate humanities, social sciences, natural sciences, and medicine programs. It is notably recognised for its outstanding law, economics, and medicine offerings.

The CEMS MIM program at this school features a thoughtfully crafted curriculum that integrates academic theory with practical business applications. That means you will learn not only through books but also gain practical knowledge.

Other details:

• Application period: 2 January- 31 March 2024

• Duration: 2 years or 24 months- 4 semesters

• Program start: October

• Language of instruction: English

Term dates:

• Term 1: from 1 September to 15 December 2025

• Term 2: From April 1 to 31 July 2026

Besides all of the above universities, there are other notable universities too. Some of them are listed below:

• GISMA Business School
• ESB Reutlingen
• HWR Berlin – Berlin School of Economics and Law
• WHU – Otto Beisheim School of Management

MIM in Germany eligibility

 

Before applying for MIM in Germany, you must check your eligibility for this particular course. To be eligible, you need to fulfil some eligibility criteria listed below:

• You must have a bachelor’s degree from a recognised university. Some universities in Germany require a GPA; check that closely.
• It would help if you cleared the English language proficiency tests like IELTS, TOEFL, PTE, or any tests conducted by a specific university.
• A valid GRE or GMAT score as per the university requirement.
• Two letters of recommendation
• Some universities also ask for a minimum work experience of 2-3 years.

Jobs after MIM in Germany

 

Securing an excellent job post your MIM in Germany is undoubtedly attainable! With a robust economy and varied industries, Germany provides numerous opportunities for MIM graduates. 

Here is the breakdown of potential jobs after MIM in Germany:

• Consulting: A preferred path for numerous MIM graduates, offering the opportunity to apply analytical expertise and business acumen in addressing challenges for diverse clients. Consulting firms such as McKinsey & Company and Boston Consulting Group regularly recruit MIM graduates from leading German universities.
• Finance: Germany’s robust financial industry presents compelling investment banking, asset management, and private equity prospects. Leveraging your financial expertise and analytical capabilities, you can advance your career within prominent institutions such as Deutsche Bank or Commerzbank.
• Marketing: Germany provides various opportunities in marketing and sales, particularly in consumer goods and B2B sectors. Roles in brand management, product development, and sales are available in well-established companies such as BMW or Siemens and emerging startups.
• Operations and supply chain management: Effective logistics and supply chains play a vital role in the success of German businesses. Proficiency in optimisation and logistics can open opportunities in production planning, supply chain management, or logistics consulting at renowned companies such as DHL or Volkswagen.
• Technology: Germany’s dynamic technology sector presents compelling IT consulting, software development, and data analytics prospects. Leveraging your MIM degree alongside technological proficiency can unlock opportunities in innovative startups or well-established tech leaders like SAP.

Living in Germany: enhancing your lifestyle

Germany offers a rich culture, vibrant cities, and breathtaking landscapes. If you are considering Germany as your study abroad destination, it is essential to understand German life and lifestyle.

Here are some tips to help you out:

• Although English is used in certain tourist spots and large urban centres, having a foundation in essential German can significantly enhance your daily interactions. Registering for language courses before your trip or upon reaching your destination is advisable.
• Join local clubs and participate in various sports. It is a fantastic way to build new connections that can benefit you in Germany.
• Diversity in cultures is unavoidable; thus, approach them with curiosity and a genuine eagerness to gain knowledge. Be an open-minded person.
• Germans are typically known for their friendliness and willingness to help. Feel free to seek assistance when necessary, even if your proficiency in German is limited.

Keep in mind that adjusting to a different culture requires time and dedication. Be patient with your progress, acknowledge small achievements, and enjoy discovering the distinct charm of life in Germany!

Bonus Tip: Gain insight into significant German traditions and holidays such as Oktoberfest, Christmas markets, and Fasching (carnival) for a complete cultural experience.

Conclusion

In conclusion, pursuing a Master in Management (MIM) in Germany offers a gateway to exceptional career prospects, with top universities like Mannheim, Cologne, and Frankfurt School providing globally recognised programs. 

The emphasis on practical skills, diverse career opportunities, and affordable education make MIM in Germany an attractive choice.