The Best Scholarships for MBA in Germany 2022-2023:
Scholarships for MBA in Germany: Germany is an ideal study abroad destination for several international students from all over the globe. In the year 2020, there were more than 300,000 foreign students studying various fields of subjects in the country.
Are you considering an MBA scholarship in Germany for international students? You have made the right choice as you will find several opportunities to study MBA in Germany with scholarship. Here is a comprehensive guide to MBA scholarships in Germany.
Scholarships for MBA in Germany: Cost to Study an MBA in Germany?
Germany is home to several distinguished public as well as private institutions. Generally, only private B-schools in Germany charge tuition fees and the public ones literally have no tuition fees. The average tuition fees for MBA in Germany for international students is €20,000-50,000. You may also be able to secure an admission offer from a university that charges no tuition fee but even then all students are required to pay a fixed semester contribution fee which is around €100-350 per semester.
Coming to the cost of living in Germany, you will spend somewhere around €800-1,200 per month. For visa purposes, you must demonstrate a minimum amount of €861 per month i.e. €10,332 per year to account for living expenses in Germany. You can keep this budget in check by choosing the type of accommodation, lifestyle, mode of transportation, etc.
The Best Scholarships for MBA in Germany:
When we talk about top B-schools in Germany some of the most prominent names are ESMT Berlin, Mannheim Business School, Frankfurt School of Business, HHL Leipzig Graduate School of Management, WHU (Otto Beisheim), etc. Let us take a look at the most popular Scholarships for MBA in Germany offered by these business schools:
1. DAAD Scholarships | Scholarships for MBA in Germany:
The DAAD scholarship for MBA in Germany is funded by the government. More than 100,000 fully-funded scholarships are awarded every year to international students to encourage them to study MBA in Germany with scholarship.
- Funding: Fully funded.
- Eligibilty: Graduates with at least two years’ professional experience.
- Deadline: Oct, 2022.
- Duration: 2 years.
2. ESMT MBA Scholarships | Scholarships for MBA in Germany:
ESMT offers over 28 merit-based scholarships to full-time MBA students on the basis of academic records, professional achievements, leadership skills and interpersonal qualities. There are some scholarships for which you will be automatically considered and others for which you have to submit an application at the time you are applying for the MBA program. You will be given the choice to apply for 3 application-driven scholarships but will receive any 1 award only. We will discuss both automatically awarded as well as application driven scholarships.
The 3 scholarships for which you will be automatically considered once admitted to MBA at ESMT Berlin:
1. Early Application Scholarship:
Awarded to students who apply within the first 3 of admission. The amounts awarded are €5,000, €2,500 and €1,000 for rounds 1, 2 and 3 respectively.
2. GMAT/ GRE Scholarship:
To be eligible for this scholarship, you must have a GMAT or GRE score equivalent to 85th percentile or above. You will be awarded a one-time scholarship of €3,000.
3. German Language Scholarships:
If you are a non-German speaking student with German language proficiency and submit test scores to demonstrate the same, you will be awarded a scholarship worth €1,000 for B1/ B2 level of proficiency and €2,000 for C1/C2 levels.
3. Women in Business Scholarship | Scholarships for MBA in Germany:
This scholarship is given to reward ambitious women who demonstrate outstanding professional achievements.
- Deadline: Varies.
- Amount Covered: €7,500.
- Duration: One-time award.
4. Asia Scholarship:
Regional scholarships by ESMT Berlin are MBA scholarship in Germany for international students from different regions and they are expected to be an ambassador of ESMT.
Amount Covered: 25% of tuition fees.
Number of Awards: 2.
5. HHL Leipzig Graduate School of Management Scholarships | Scholarships for MBA in Germany:
Similar to ESMT Berlin, HHL Leipzig Graduate School of Management awards various scholarships to ambitious MBA students including some regional scholarships, women in business scholarship, future entrepreneur, young leader and dean’s list scholarship.
6. HHL Leipzig Graduate School of Management Scholarships | Scholarships for MBA in Germany:
Similar to ESMT Berlin, HHL Leipzig Graduate School of Management awards various scholarships to ambitious MBA students including some regional scholarships, women in business scholarship, future entrepreneur, young leader and dean’s list scholarship.
Amount Covered: 25% of tuition fees.
7. HHL Future Entrepreneur Scholarships | Scholarships for MBA in Germany:
This partially-funded scholarship is awarded to candidates who demonstrate entrepreneurial abilities and wish to start a business. The selection task is a scholarship question to be answered in essay or presentation format.
Amount Covered: 25% of tuition fees.
8. Mannheim School of Business Scholarships | Scholarships for MBA in Germany:
Mannheim Business School values talent and offers various partially-funded scholarships to high achieving students. It is best to apply early to get maximum consideration for these scholarships. One such scholarship is the MBS Network Scholarship.
- Application Process: MBS Network Scholarship Application.
- Deadline: 31 August 2022.
- Amount Covered: €5,000.
9. Frankfurt School MBA Scholarships | Scholarships for MBA in Germany:
At the Frankfurt School of Finance and Management, scholarships are awarded mainly to women in business, international students and academically excellent students on the basis of results, GMAT/ GRE scores, personal and professional achievements.
Amount Covered: Partial amount of tuition.
10. WHU Otto Beisheim School of Management | Scholarships for MBA in Germany:
WHU Otto Beisheim School of Management provides you the opportunity to avail various merit-based scholarships based on academic, personal and professional achievements. The available options include Scholarship for Emerging Market Leaders, Scholarship for Ambitious Women, Scholarship for Social Entrepreneurs and Scholarship for Diversity. You can only apply for any one of these scholarships.
Frequently Asked Questions about MBA Scholarships in Germany
Is MBA in Germany free for international students?
Yes, if you consider the tuition fees, MBA in Germany is free for international students. You will have to pay for living expenses.
How can I do an MBA in Germany with full scholarship?
A DAAD scholarship can be your best chance to do an MBA in Germany with full scholarship. It is a fully funded scholarship awarded by the government for international students to pursue MBA, master’s, LLB and PhD programs without any restriction on the discipline.
Is the DAAD scholarship for MBA in Germany difficult to get?
Since DAAD scholarships provide full funding, it is quite competitive to get one. Make sure you apply early and have a strong application with work experience and you can expect to make the cut.
Which are the top colleges for MBA scholarships in Germany?
The top colleges for MBA scholarships in Germany include ESMT Berlin, HHL Leipzig Graduate School of Management, Frankfurt School, Mannheim Business School, WHU Otto Beisheim School of Management, etc.
What GMAT scores are required for an MBA in Germany scholarship?
The average GMAT scores recommended for an MBA in Germany scholarship is 600 or above.
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