MBA Salary in Germany: A Complete Guide

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Meridean Overseas

Updated On 08 May 2024 & Read Time 8 minutes

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Has this thought ever crossed your mind what will you do after getting an MBA degree from Germany? If yes, then this blog is for you! Today, we are covering all the essential points you should know when applying for your master’s degree in Germany.

 

The blog covers essentials like the MBA salary in Germany after completing the course, the minimum salary after MBA in Germany, the requirements that will help you secure a higher package even as a fresh graduate, and much more.

 

So, without further ado, let’s dive right in and get clarity!

Jobs and MBA Salary in Germany

The minimum salary after MBA in Germany is dependent solely on the position that the person will hold in the organisation. The roles can vary from managerial and consulting roles to every other designation in between.

 

mba-salary-in-germany

 

Here is a list of all the roles with their job description and MBA salary in Germany:

Role

Job Description

Average Annual Salary (INR)

Business Development Manager

Communicating with potential clients and creating marketing campaigns.

14,000,000

Consultant

Planning and carrying out commercial initiatives for clients.

11,700,000

General Manager

A general manager is accountable for the overall management. A particular task position does not define their profession.

13,600,00

Operations Manager

Evaluating and enhancing organisational procedures, employment conditions, and efficiency.

10,500,000

Product & Project Manager

Assuming leadership of the product or project and arranging its management, development, and budgeting.

11,000,000

Strategist

Developing and assessing approaches that aid in the achievement of the organisation’s objectives.

16,200,000

Marketing Manager

Determining a product’s core demographic and developing pricing models

9,600,000

Brand Manager

They are in charge of guaranteeing that the goods, services, and product offerings associated with a brand appeal to present and prospective customers.

10,000,000

Human Resource Manager

They are responsible for organising all administrative activities concerning an organisation’s employees.

8,200,000

Key Customer Manager

Developing a comprehensive awareness of key clients and their demands and expectations. Extending ties with current clients by consistently presenting solutions that match their needs.

7,300,000

  Also, read: Summer Intake in Germany

ROI of the Leading German Business Schools

The reason behind Germany's emergence as a popular choice amongst Indian students to pursue an MBA is its substantial return on investment. The reason why Germany emerged as a popular choice for MBA is because of the inexpensive tuition fees. The MBA salary in Germany is very attractive, along with the low tuition fees.

 

Therefore, here is a list of all the universities offering MBA courses in Germany, along with their average fees and average salary-

University

Course Fees in EUR

Average Salary 

Frankfurt School of Finance and Management

39,554 (INR 31 lakh)

287,581 (INR 2.3 crore)

Mannheim Business School (MBS)

41,136 (INR 32 lakh)

110,751 (INR 88.78 lakh)

WHU – Otto Beisheim Graduate School of Management

40,577 (INR 32 lakh)

99,583 (INR 79.82 lakh)

ESMT Berlin

45,231 (INR 36 lakh)

100,513 (INR 80.54 lakh)

HHL Leipzig Graduate School of Management

39,554 (INR 31 lakh)

70,732 (INR 56.67lakh)

EBS Business School

24,477 (INR 19 lakh)

108,890 (INR 87.25 lakh)

Cologne Business School

31,848 (INR 25 lakh)

64,496 (INR 51.68 lakh)

Also, read: German Student Visa

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Average MBA salary in Germany according to Programs

Germany MBA salary varies according to the student’s past work experience, the industry, and the company the student is working for. Although the Germany institutes do not offer any campus placements, they actively assist the students in finding a good job.

 

However, according to the statistics, a student can easily settle all the tuition fees in the first year of working after completing an MBA in Germany. Here is a list of all the colleges and the MBA salary in Germany after graduating from the respective institute.

University Name

Location

Average Salary (EUR)

Frankfurt School of Finance & Management

Frankfurt

260,000 (INR 2.2 cr)

Mannheim Business School

Mannheim

104,000 (INR 88 lakh)

University of Cologne

Cologne

140,000 (INR 1.2 cr)

University of Erlangen-Nuremberg

Erlangen

335,000 (INR 2.8 cr)

HHL Leipzig Graduate School of Management

Leipzig

85,000 (INR 72 lakh)

WHU-Otto Beisheim Graduate School of Management

Dusseldorf

83,000 (INR 70 lakh)

Hamburg University

Hamburg

130,000 (INR 1.1 cr)

Berlin School of Economics

Berlin

64,000 (INR 54 lakh)

ESMT Berlin

Berlin

75,000 (INR 63 lakh)

ESCP – Berlin Campus

Berlin

91,000 (INR 77 lakh)

Also, read: Best MBA Colleges in Germany

Leading Industries of Germany Hiring MBA Graduates

Germany offers jobs in various sectors to MBA graduates, from the automotive to the finance sector, consulting to healthcare. A student can explore a wide range of sectors after graduating. Therefore, here is a list of all the industries and the opportunities they offer to MBA Graduates.

Industry

Opportunities

Automotive

Management, Marketing, Operations

Engineering and Technology

Project Management, Innovation, Business Development

Finance and Banking

Banking, Investment Management, Consulting

Consulting

Strategy Consulting, Operations Consulting

Healthcare

Healthcare Management, Pharmaceuticals, Medical Technology

Energy and Sustainability

Renewable Energy, Sustainability Initiatives

Key Points to be Considered for MBA Salary in Germany

Certain key points would affect your salary after graduation; those points are as follows-

Aspect

Impact on Salary

German Language Proficiency

  • Better communication with colleagues and clients.

  • Understanding German business culture.

  • Competitive edge.

GMAT Scores

  • Affect base salary.

  • A benchmark for analytical abilities and potential for success.

Average Bonuses

  • Significant increase in total remuneration.

  • Based on performance metrics like sales targets or revenue growth.

EU Blue Card

  • Faster start to career in Germany for non-EU citizens.

  • Bypass visa application process.

Quality and Reputation of MBA Programs

  • Impact return on investment for graduates in terms of salary.

  • Strong alumni networks and partnerships.

Years of Experience Before Pursuing an MBA

  • Sets a benchmark for starting salaries.

  • Relevant work experience can lead to higher salaries and valuable skills.

Conclusion

To sum up, the MBA salary in Germany has advantages, as does living in the country. Germany has many universities that offer courses with affordable tuition fees, among several other advantages. As an Indian student, if you are considering obtaining an MBA degree from Germany, then it is a good option as they have some amazing salary structures as well, and you will easily recover your fees within a year.

 

We hope the above information gives you an alternative to fulfilling your dream of obtaining an MBA degree and pursuing your career further in the country. However, if you have doubts about top universities and courses or want to study in Germany, contact our expert counsellors at Meridean Overseas Education Consultants (MOEC). You can also take free online counselling through our website. Our expert counsellors will provide you with the best support and guidance you need for admission and visa. They will also help you shortlist universities according to your profile. For more information or any queries, contact application02@meridean.org or 1800-1230-00011.

FAQs

Question: What is the average MBA salary for a fresher in Germany?

Answer: Various factors, including industry, employment function, experience, and location, influence the average pay of an MBA in Germany. However, in Germany, MBA graduates should generally anticipate an initial  salary of between €50,000 and €60,000 annually. Salary increases can be substantial with experience and professional advancement; senior-level roles can often earn an average of €64,000 to €260,000 or more.

 

Question: Will an MBA from Germany benefit me?

Answer: Yes, it will. Germany offers courses at a low cost and has higher salaries than some other countries. This is one of the main reasons why Germany has emerged as one of the countries most desired by Indian students.

 

Question: Is GMAT a requirement in Germany for doing an MBA?

Answer: Some universities in Germany require a GMAT score, whereas others do not. Therefore, checking the requirements directly from the university website and working accordingly is better.

 

Question: What are the job opportunities available in Germany after an MBA from Germany?

Answer: You can easily secure jobs as a manager in operations, human resources, and projects; you can opt for jobs as a Strategist and much more.

 

Question: Can I secure a job in Germany after an MBA if I don’t know German?

Answer: Certain jobs available in Germany do not require you to speak German, but it is still advised to learn the local language. It will help you secure a better job with a higher package and would be beneficial for future purposes.

 

Question: What is the salary of people with experience in Germany?

Answer: Securing a better job in Germany is entirely dependent on your experience and various other factors. Therefore, the average salary structure of an experienced individual would be around 260,000 EUR/ year or above, depending on the experience.

 

Question: What is the average MBA salary in Germany per month?

Answer: The average MBA salary in Germany ranges between 15,000 EUR and 30,000 EUR per month, depending on the work profile, area of expertise, and experience.

 

Question: What are the leading companies that offer jobs to an MBA in Germany?

Answer: The leading companies offering jobs to fresh MBA graduates with good packages are the automotive industry, engineering and technology, finance and banking, consulting, healthcare and energy and sustainability.

 

Question: Which German university offers the best package after completing an MBA?

Answer: The University of Erlangen-Nuremberg has notably offered the highest package for an MBA graduate, depending on the area of expertise and the department.

 

Question: Do German universities have college placements?

Answer: No, German universities do not offer college placements. Instead, they help the students secure jobs with proper assistance according to their needs, wants, and academics. Even though there are no college placements, according to certain data, these universities have a high conversion ratio.

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