Best Business Schools & Colleges in Germany 2024-2025

Germany has emerged as a leading destination for students seeking top-tier education. In fact, the country ranks third globally for hosting international students, with over 43,000 Indian students currently enrolled. The country attracts students with its world-class institutions, advanced research opportunities, and relatively low tuition costs, making it a popular choice for those pursuing business degrees.

If you’re looking for the top business universities in Germany, you’ll be glad to know that several institutions offer high-quality programs, including MBAs, that are globally recognised.

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Read on to discover the best business schools in Germany for Indian students, including information on eligibility criteria and available scholarships. 

Below is a snappy table outlining key highlights for these top business universities in Germany.

Top 10 Business Universities in Germany

Germany, with its strong economy and affordable education, offers an excellent opportunity for Indian students like yourself to pursue business degrees and have a successful career ahead. 

Numerous universities provide high-quality programs at a fraction of the cost compared to other countries, allowing you to gain world-class credentials and enter a thriving job market. 

Here’s a list of the top business universities in Germany.

1. Technical University of Munich (TUM)

TUM (Technical University of Munich) is well-known for its strong connections with industry giants such as BMW, Siemens, and Allianz. This makes it an excellent choice if you’re interested in a tech-focused business programme. 

TUM is also recognised for its interdisciplinary education, blending management with innovation and technology, particularly in its highly regarded STEM programmes.

The following table highlights the eligibility criteria and English proficiency requirements.

Notable Alumni

• Bernd Pischetsrieder, Chairman of the supervisory board of Daimler AG
• Wolfgang Reitzle, Chairman of the supervisory board of Continental

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2. Frankfurt School of Finance & Management

Frankfurt School is ranked number 1 in Germany for its MBA programme in the QS World Ranking 2024. Located in the heart of Germany’s financial capital, Frankfurt School offers you exceptional access to leading financial institutions and industry leaders. 

If you’re specialising in finance, it’s one of the top business universities in Germany to consider for its unrivalled industry connections and expertise.

Check out the table below for a clear view of the eligibility criteria and English proficiency requirements.

Notable Alumni 

• Christian Sewing, CEO of Deutsche Bank
• Durjoy Datta, Indian author and screenwriter

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3. WHU – Otto Beisheim School of Management

WHU, ranked number 1 in Germany and 16th in Europe by the Financial Times Global MBA Ranking 2024, is renowned for its focus on entrepreneurship and innovation. WHU’s business programme features a flexible curriculum that emphasises real-world applications and leadership development. 

Additionally, its exchange programmes with prestigious global business schools offer valuable international exposure.

Here is a table outlining the eligibility criteria and English proficiency requirements.

Notable Alumni

• Robert Gentz, CEO of Zalando
• Thomas Buberl, CEO of AXA

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4. University of Mannheim

The University of Mannheim, often referred to as Germany’s “Harvard of the Business World,” is renowned for offering top-tier business programs. Its business programme is particularly distinguished by its emphasis on leadership development and strategic management. 

Additionally, Mannheim boasts one of the largest alumni networks in Germany, providing you with substantial career support and networking opportunities.

Here is a table showcasing the eligibility criteria and the English proficiency requirements.

Notable Alumni

• Hans-Werner Sinn, Former president of the Ifo Institute for Economic Research
• Stefan Lippe, Former CEO of Swiss Re

5. ESMT Business School, Berlin

Founded in 2002 by 25 leading global companies, ESMT focuses on leadership, innovation, and analytics. As an international business school, ESMT provides a unique interdisciplinary platform for discussions between politics, business, and academia. This makes it an outstanding choice if you seek a global business education perspective.

Below is a table detailing the eligibility criteria alongside the English proficiency requirements.

Notable Alumni 

• Leonardo Assad, Director of Growth at FRAMEN
• Hillary Batchelder, Account Executive at Microsoft

6. Leipzig University

Leipzig University, founded in 1409, is one of the oldest institutions in Germany. Known for its strong focus on entrepreneurship and innovation, its business programs are perfect for those who want to enter the world of startups and tech businesses. 

Below is a table detailing the eligibility criteria alongside the English proficiency requirements.

Notable Alumni

• Angela Merkel, Former Chancellor of Germany
• Gottfried Wilhelm Leibniz, Renowned Mathematician and Philosopher

7. University of Cologne

The University of Cologne is one of Germany’s largest universities, with over 50,000 students. What sets it apart is its vast network of partnerships with multinational corporations, giving you access to industry-focused internships and job prospects. 

The University of Cologne consistently ranks highly in business and finance education, making it one of the best business schools in Germany.

The table below illustrates the eligibility criteria and the necessary English proficiency requirements.

Notable Alumni 

• Wolfgang Bosbach, Former Member of the German Bundestag
• Gerhart Baum, Former Federal Minister of the Interior and Community of Germany

8. EBS Universität für Wirtschaft und Recht (EBS)

EBS Universität stands out for its global approach, with over 200 partner companies and 200 top-class international universities. Many of its 12,000+ alumni actively contribute to teaching. Located in the picturesque Rheingau wine region, EBS offers an attractive campus and a truly international business education perspective.

Here is the eligibility criteria and English proficiency requirements summarised in the table below.

Notable Alumni

• Jochen Zeitz, CEO of Harley-Davidson
• Suhail Sameer, Former CEO of BharatPe

9. University of Stuttgart

The University of Stuttgart is celebrated for its strong emphasis on engineering and technology. Stuttgart is highly regarded for its advanced research and partnerships with top German engineering firms, providing you with great opportunities in the tech-driven business world.

The table below provides an overview of the eligibility criteria and English proficiency requirements.

Notable Alumni

• Martin Winterkorn, Former chairman of the management board of Audi
• Volkmar Denner, Former CEO of Robert Bosch

10. HHL Leipzig Graduate School of Management

HHL Leipzig, a prestigious private business school founded in 1898, is known for its entrepreneurial spirit. Consistently ranking among the top business universities in Germany, HHL’s business programmes encourage innovation and business creation. 

With over 140 partner universities globally and a diverse campus community representing 56 nationalities, HHL offers you a truly international network, along with excellent internship and job opportunities through its extensive corporate connections.

The table below outlines the eligibility criteria and English proficiency requirements.

Notable Alumni 

• Saskia Ludwig, Former Member of the German Bundestag
• Axel Hefer, Former managing director of Trivago

Want to study at one of the top business universities in Germany but unsure where to start? Let Leap Scholar provide expert guidance, scholarship options, and personalised support. Connect with us and begin your academic journey today!

Also Read: MBA in Germany: Fees, Universities & Eligibility for Indian Students

Now that you have an overview of the top business universities in Germany, dive into the essential steps of the application process to help you secure your place.

Application Process for Top Business Universities in Germany

A business degree in Germany provides a unique combination of top-quality education and excellent career opportunities. If you’re ready to take this exciting step, here’s a structured guide to help with the application process.

Step 1: Research Universities and Programs

Begin by identifying business programs that match your academic and career goals. German universities offer various specialisations, so explore each program. Look into their rankings, faculty, curriculum, and the career paths associated with the degrees.

Step 2: Check Admission Requirements

Each university has its specific requirements for applicants. Common requirements include the following.

• A bachelor’s degree or equivalent in case of a master’s degree
• Relevant work experience (usually 2-5 years) (in case of a master’s degree)
• Proof of language proficiency (English or German, depending on the program).
• GMAT or GRE scores (if required).
  Ensure you review and meet the qualifications for the programs you’re interested in.

Step 3: Prepare Required Documents

You will need to gather and submit several key documents with your application. These often include the following.

• Completed application form: Available on the university’s website.
• Certified academic transcripts: Include your bachelor’s degree and other academic records.
• CV/Resume: Showcase your professional experience, achievements, and skills.
• Motivation letter: Explain why you want to pursue a business degree in Germany, what your career goals are, and how the program aligns with them.
• Letters of recommendation: Obtain at least two academic or professional references.
• Copy of passport: Ensure your details are current.

Step 4: Submit Your Application

After collecting all the necessary documents, submit your application via the university’s online portal. Keep an eye on deadlines, as applications are typically due several months ahead of the academic year.

Step 5: Attend the Interview

If shortlisted, you may be invited for an interview, usually conducted online. This is your chance to demonstrate your motivation and suitability for the business program.

Step 6: Await the Admission Decision

Once the interview process is complete, the university will assess your application. Admission decisions may take a few weeks, so be patient. If accepted, you’ll receive an official offer letter, which may be needed for scholarship applications or the visa process.

Step 7: Apply for a Student Visa

After securing admission, the final step is applying for a German student visa. You will need to submit your acceptance letter along with other required documents to the German consulate in your home country.

Also Read: MBA in Germany without GMAT, Work Experience and Tuition Fees!

Scholarships for Best Business Schools in Germany for International Students 

Did you know? Erasmus Mundus scholarships are available for 6 academic years, covering at least 4 editions of your master’s program. Such scholarship opportunities are available to help ease the financial burden of studying at the top business universities in Germany. 

Below are the top 8 scholarships that can help you manage finances, some even offered by Germany’s public universities for MBA.

Also Read: Scholarship for Germany: Popular Scholarship and Tips to Apply

Cost of Living in Germany 

Did you know that the cost of living in Germany is 16.1% lower than in Australia? So, while you study at one of the best business schools in Germany with a high QS World Ranking, you can also live a high-quality life in Germany without breaking the bank.

Here is a breakdown of the cost of living in Germany.

Read more about Cost of Living in Germany for Indian Students in 2024-25

Highest Paying Jobs after Studying at the Best Business Schools in Germany for International Students

Did you know? 80% of MBA graduates land a job within three months. This impressive job placement rate reflects the high demand for skilled professionals in various sectors. 

Here’s a table showcasing the top 5 jobs after studying at one of the best business schools in Germany, along with their average annual salaries.

Benefits of Studying at The Top Business Universities in Germany 

Pursuing an MBA in Germany combines academic excellence with practical experience in Europe’s economic hub. It’s an ideal choice for career growth with top business schools and a thriving corporate sector. Globally, 79% of MBA graduates secure roles at established companies, further highlighting the strong career prospects an MBA can offer.

Here are a few reasons why you should consider studying at the top business universities in Germany.

1. World-Renowned Universities

Germany offers prestigious institutions with advanced business programmes. Some of these universities include the Frankfurt School of Finance and Management and the Technical University of Munich.

2. Practical, Hands-on Experience

German business schools focus on real-world projects, enhancing your skills and preparing you for leadership roles.

3. High Demand for Business Graduates

Notably, Germany has one of the highest post-graduation employment rates, with 87% of international graduates finding jobs there. The demand for business professionals has surged, with German companies actively recruiting graduates from the top business universities in Germany. 

4. Affordable Education

Germany offers low tuition fees and scholarships, making top-tier business education financially accessible. Some universities, like the University of Cologne, even offer free tuition fees.

5. Excellent Quality of Life

Germany ranks 15th in global quality of life, excelling in safety and environment (9th) and the Environment and climate (13th) Subcategories and offering a great study experience.

With the benefits of studying at the top business universities in Germany, it’s important to also consider the cost of living to effectively plan your budget. Scroll down to know! 

Conclusion

Pursuing a business degree at one of the top business schools in Germany offers you the chance to receive high-quality education at competitive tuition fees, averaging around INR 5.5L (EUR 6k) per year. 

As you explore your options, use available resources, including scholarships and career support, to enhance your experience. By choosing Germany as your study destination, you are investing in your education and setting the stage for a successful career in a thriving job market.

Want to uplift your career prospects through a business degree in Germany? Leap Scholar is here to assist you! We’ve got you covered, from selecting the ideal university to completing the application and visa processes. Connect with our consultants at Leap Scholar today! 

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