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The 5 Best Business Schools In Germany | Cost, Rankings & MBA Salaries

What are the best business schools in Germany for your MBA? Our breakdown of top German MBAs includes information on cost, careers, and post-MBA salaries

Tue Nov 26 2024

BusinessBecause
There are many reasons why you should study an MBA in Germany. As well as having a robust economy and affordable program options, Germany offers a host of opportunities for students to get a foot in the door of innovative industries.

Unlike many European countries, where innovation and entrepreneurship are primarily concentrated in the capital, Germany—beyond Berlin—is home to digital hubs such as Stuttgart, known for its focus on future industries, and Hamburg, renowned for its expertise in logistics.

So, what are the best MBA programs to help you kickstart your career in Germany?

Here’s our five best business schools in Germany, chosen based on their performance in the Financial Times and QS MBA rankings.

All these programs are taught in English and offer German language lessons alongside the MBA curriculum.


5 Best Business Schools In Germany


5. HHL Leipzig Graduate School of Management


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QS rank: 42

Duration: 15-21 months

Cost: €41,600 ($43,715). Discount available for early application.

Leipzig is situated in the picturesque German state of Saxony, where the city has been a center of trade since the Roman Empire.

This reputation for commerce attracts professionals from all around the world to HHL Leipzig Graduate School of Management, where an impressive 97% of MBA students come from outside of Germany. Women make up 46% of the class, and the average age is 32, with approximately eight years of work experience.

The program straddles the border between the traditional two-year MBA found in the United States and the shorter one-year programs common across Europe. Students can choose to accelerate their learning and complete the program in 15 months or extend their studies to 21 months.

While on the program, MBAs benefit from internship opportunities with many international companies including Allianz, BMW, Deloitte, Porsche, and PwC, and have the option to study abroad for a term.

All of this results in strong career outcomes for Leipzig MBAs: 90% find employment within three to six months of graduation, with more than 95% of grads pursuing roles in Germany. The average salary increase for graduates stands at 80%.


4. ESMT Berlin


QS rank: 28

Duration: 15 months

Cost: €49,500 ($52,030). 

ESMT Berlin is a globally recognized business school, ranked among the top 30 in the QS MBA rankings.

Based in the German capital, MBAs can choose specialization tracks in innovation and entrepreneurship, or managerial analytics.

A highlight of the program at ESMT Berlin is the international experiences it offers MBAs. Students can attend international immersion courses through the Global Network for Advanced Management—one-week exchanges that take them to partner schools worldwide, including Yale School of Management in the USA, HEC Paris in France, Fudan University School of Management in China, and more.

The school also provides opportunities for students to take electives at partner institutions, such as IE Business School in Spain or the National University of Singapore, as part of an exchange program.

Within six months of graduating, 94% of graduates received job offers. 72% accepted jobs in Germany, with 61% landing the famed MBA triple-jump: changing industry, function, and location.

The most popular industries for ESMT MBAs are consulting and tech. ESMT MBA grads earn base salaries of €80,150 ($84,300) on average and typically more than $11,000 in bonuses.


3. Frankfurt School of Finance & Management


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QS rank: 16

Duration: 12 months 

Cost: €42,000 ($44,180). Discount available for early application.

The MBA program at Frankfurt School of Finance & Management, the highest-ranked MBA in the QS ranking, has an average class age of 29. Women make up 36% of the cohort, and students bring an average of 5.5 years of work experience.

MBAs enjoy enhanced career support in the Frankfurt program, with tailored career counselling, workshops and events. Students also have the option to pursue a module abroad at SDA Bocconi School of Management in Italy, which is joint third in the world in the Financial Times ranking.

In the class of 2023, 96% of MBA graduates secured employment within three months of completing the program. 


2. Mannheim Business School 


FT rank: 73

QS rank: 17

Duration: 12-15 months

Cost: €45,000 ($47,325)

The MBA at Mannheim Business School consistently ranks among the top 100 MBA programs worldwide.

This is partly thanks to its strong core leadership and management training as well as the compulsory social responsibility project students must complete in the local area. 

However, a large factor in Mannheim’s ranking success are its strong employment outcomes for grads, with 93% employed within three months of graduation. Within three years, graduates go on to earn an average salary of $140,633.

For many of these graduates, the MBA was the boost they needed to get a foothold in Germany. In a class of 96% international students, more than 80% stay in Germany afterwards.

Top recruiters of Mannheim MBA grads include Deloitte, EY, PwC, Microsoft, Würth, and McKinsey.


1. WHU Otto Beisheim School of Management


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FT rank: 63

QS rank: 22

Duration: 12 months

Cost: €48,500 ($50,980). Discount available for early application.

Topping our list of the best business schools in Germany, WHU Otto Beisheim School of Management is the highest-ranked German MBA program in the Financial Times ranking.

The Düsseldorf-based MBA is highly international, class with 92% of students arriving from abroad, and 38% of students are women.

WHU boasts some of the strongest career outcomes for MBA grads in Germany. More than three-quarters (79%) of the class of 2023 stayed in Germany after their MBA. Graduates saw a 127% salary increase, up from an average of €33,163 ($34,848) to €82,750 ($86,954) including bonus payments.

Within three years of graduating, MBAs go onto secure salaries averaging $123,487.

For students looking to go into innovative industries, WHU is a good bet. 22% of MBA grads went into tech or startups in 2023, with the next most-popular sector being fast-moving consumer goods (FMCG). 

Still, those with their sights set on corporate careers won’t miss out. Companies hiring WHU grads include Accenture, Amazon, Allianz, EY, Deutsche Bank, Google, Kraft Heinz, and Procter & Gamble.



Student Reviews

ESMT Berlin

Prithivi

Verified

29/04/2019

On Campus

Well qualified professors and great connectons with the industry

Well structured programs, great facilities and very good career development team. The alumni relations with the school are great and well maintained and fostered. Overall a great school right in the middle of Berlin.

Yannick

Verified

14/10/2024

On Campus

Memorable college life

The European School of Management and Technology creates a remarkable setting where students can excel. I admire this school for its dynamic community, which is filled with enthusiasm, pride, and countless opportunities. The campus, with its rich history and traditions, is truly beautiful, and the spirited atmosphere is invigorating. The social life and events on campus are fantastic, allowing for friendship and connections among students. Although the academics can be tough, they are incredibly beneficial and worthwhile. The encouraging faculty and involved student body foster meaningful connections and lasting friendships.

Student

Verified

5/11/2024

On Campus

Enjoy every moment

The European School of Management and Technology has completely exceeded my expectations. I was blown away by the quality of education here and how much I have learned in such a short amount of time. Every class is made incredibly exciting by the passionate and knowledgeable professors who go above and beyond to ensure that we are fully engaged and learning. I never thought I would enjoy studying so much, but thanks to this school, I am constantly motivated and eager to learn more. The hands-on approach to learning and the challenging yet supportive environment have truly made my educational experience here far better than I could have ever imagined.

Student

Verified

5/11/2024

On Campus

Bringing excitement to the class

Studying at the European School of Management and Technology has exceeded all my expectations. I thought I was just signing up for a solid business education, but what I got was so much more. Every class is dynamic, with professors who are not just academics but actual leaders in their fields, bringing real-world case studies and fresh insights into every discussion. They make even complex topics exciting and easy to understand by linking theory to what’s happening right now in the global business world. The interactive approach, combined with a diverse group of classmates, makes every class feel like a new challenge and opportunity. I never imagined learning could be this engaging and inspiring.

Student

Verified

5/11/2024

On Campus

Impressed by quality

ESMT Berlin has been a revelation! I was drawn to its top-tier rankings and location in Germany's vibrant capital, but the experience has shattered my expectations. The education here is exceptionally practical, with professors who are renowned experts and industry veterans. Each class is a high-energy, interactive session that tackles real-world challenges, from strategic innovation to digital transformation. I'm constantly impressed by the diversity of perspectives and expertise among my classmates, who hail from over 50 countries. ESMT's focus on leadership development, entrepreneurship, and social responsibility resonates deeply with me.

Student

Verified

8/11/2024

On Campus

Better education

I cannot believe how amazing my experience at the European School of Management and Technology is! I was initially hesitant about going to a business school, but ESMT has exceeded all my expectations. The professors here are not just knowledgeable, but they are passionate about their subjects and make every class exciting and engaging. The education I am receiving here is far better than what I thought it would be, and I am constantly challenged and motivated to learn more. I am so grateful to be a part of such a prestigious and dynamic institution. ESMT truly lives up to its reputation as one of the top business schools in Europe.

Student

Verified

13/11/2024

On Campus

Exceptional experience with supportive professors

My time here's has been truly exceptional. The professors are supportive and welcoming, creating an ideal learning environment. Various campus activities cater to diverse interests, and hands-on experiences prepare students for their future careers. One area for improvement is the dining options, but overall, I've thoroughly enjoyed my experience.

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