Germany is quickly becoming a top destination for international students looking to pursue an MBA, thanks to its top-ranked universities, strong economy, and global business opportunities. In recent years, around 42,000 Indian students have chosen Germany for their higher studies, drawn by the country’s excellent educational offerings.
However, while studying in Germany is an exciting prospect, the cost of an MBA can be a significant challenge. That’s where scholarships for an MBA in Germany come in, offering much-needed financial support to make your studies more affordable.
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In this blog, you will learn about the different scholarships for an MBA in Germany that can help you achieve your academic and career goals without breaking the bank. Dive in!
Key Highlights
Here is everything you will learn in greater detail in this blog on scholarships for an MBA in Germany.
| Particulars | Description |
| Types of Scholarships for an MBA in Germany | Government Scholarships Private Funded Scholarships University Specific Scholarships |
| Top Government Funded Scholarships | Erasmus Scholarship Programs ERP Study Scholarships |
| Top Privately Funded Scholarships | Go Global MBA Scholarship Study a Master’s in Europe Scholarship Friedrich Ebert Stiftung Scholarship |
| Top University Specific Scholarships | ESMT Berlin RWTH Aachen University Frankfurt School of Finance and Management |
Types of Scholarships for MBA in Germany
Germany is the third top destination for international students, with over 450,000 students worldwide choosing to study there.
You might be concerned about the costs if you plan to pursue an MBA. Fortunately, several scholarships for an MBA in Germany can ease the financial burden.
Here is a quick overview of the available scholarships for an MBA in Germany.
| Type of Scholarship | Scholarship Name |
| Government Scholarships | Erasmus Scholarship Programs ERP Study Scholarships |
| Private Funded Scholarships | Go Global MBA Scholarship Study a Master’s in Europe Scholarship Friedrich Ebert Stiftung Scholarship |
| University Specific Scholarships | ESMT Berlin RWTH Aachen University Frankfurt School of Finance and Management |
1. Government Scholarships
Securing government scholarships for an MBA in Germany can ease your financial burden of pursuing graduate studies.
One of the most prominent government scholarships is the Erasmus Scholarship Program for an MBA in Germany. This comprehensive award will cover your living and travel expenses, providing invaluable support.
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2. Private Funded Scholarships
There are many privately funded scholarships available for Indian students. One such scholarship is The Friedrich Ebert Stiftung Scholarship. It is a great option if you are passionate about social justice and academic excellence.
These privately funded scholarships offer more than financial support, it connects you with like-minded individuals who share your commitment to making a difference. To qualify, You need solid academic performance and a proven dedication to social issues.
3. University Specific Scholarships
Many top German universities offer scholarships for an MBA in Germany specifically for international students. Schools like ESMT Berlin provide scholarships covering part or all of your tuition. Some even offer extra money for living costs.
ESMT Berlin, for example, has scholarships for students who are outstanding leaders. These university scholarships help you focus on your studies without worrying about money.
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Top 8 Scholarships for MBA in Germany
Germany, ranked the 15th safest country globally by the Global Peace Index, offers a secure and welcoming environment.
Germany is a strong contender if you’re considering an MBA from a top-tier institution. In this section, you will learn about the top scholarships for an MBA in Germany.
Here is a quick overview of the top scholarships for an MBA in Germany.
| Scholarship Name | Offered By | Benefit |
| Erasmus Mundus Joint Masters | ERASMUS | Full tuition fees, Monthly Stipend, Travel and other allowances |
| ERP Study Scholarships | DAAD | Stipend, Health Insurance, Travel Allowance |
| Go Global MBA Scholarship | Keystone | $7K (INR 5.87L) Lump Sum |
| Study a Master’s in Europe Scholarship | Keystone | €5K (INR 4.6L) Lump Sum |
| Friedrich Ebert Stiftung Scholarship | Friedrich Ebert Foundation | €850 (INR 78.6K) Per Month |
| ESMT Berlin Full-time MBA Scholarship | ESMT Berlin | €1K to €6K (INR 92K to INR 5.5L) Lump Sum |
| RWTH Business School Excellence Scholarship | RWTH Aachen University | €6K (INR 5.5L) Lump Sum |
| Klaus-Peter Müller Scholarship | Frankfurt School of Finance and Management | 30% of the tuition fees |
1. Erasmus Mundus Joint Masters Scholarship
The Erasmus Mundus Joint Masters (EMJM) is an elite, internationally recognised master’s scholarship offered through a consortium of universities across multiple countries.
Designed for students seeking a global education, this scholarship allows you to study in at least two countries while earning a highly regarded degree across Europe and beyond.
Eligibility Criteria
To be eligible for the Erasmus Mundus Joint Masters program, you must meet specific criteria in the table below.
| Eligibility Criteria | Details |
| Enrollment/Acceptance | Must be enrolled/accepted at an HEI part of an eligible consortium* |
| Program Accreditation | The study program must be fully developed, accredited, and ready for implementation. |
| Academic Excellence | Strong academic performance, meet consortium’s specific requirements |
*An eligible consortium is a partnership of at least three higher education institutions from different countries, with at least two located in EU member states.
Benefits
Participating in the Erasmus Mundus Joint Masters program offers numerous benefits, as mentioned in the table below.
| Benefits | Details |
| Full Tuition Coverage | EU scholarships cover your entire tuition fee |
| Monthly Stipend | €1.4K (INR 1.3L) |
| Travel Allowance | Financial support for travel between host countries |
2. ERP Study Scholarships
The ERP Study Scholarships, sponsored by the Federal Ministry of Economic Affairs and Climate Action (BMWK), offer an incredible opportunity for Economics and Business Administration graduates to pursue a master’s degree in Germany.
If you’ve completed your undergraduate studies and want to pursue an MBA at a renowned German institution, these scholarships for an MBA in Germany could be your key to success.
Eligibility Criteria
You must meet the requirements in the table below to qualify for the ERP Study Scholarships.
| Eligibility Criteria | Details |
| Academic Background | Completed undergraduate degree (Bachelor’s, Diploma, or equivalent) in Economics or Business Administration |
| Timing | Degree must be completed before starting the scholarship-supported master’s program |
| Field of Study | The degree must be completed before starting the scholarship-supported master’s program. |
Benefits
As mentioned in the table below, the ERP Study Scholarships offer a range of benefits to help make your study experience in Germany as smooth and stress-free as possible.
| Benefits | Details |
| Monthly Stipend | €934 (INR 86K) per month |
| Study Allowance | €460 (INR 42.4K) per year |
| Insurance Coverage | Includes health, accident, and personal liability insurance |
| Travel Allowance | Financial support for travel to and from Germany |
3. Go Global MBA Scholarship
The Go Global MBA Scholarship is your chance to take your career ambitions to the next level. This scholarship offers a $7K (INR 5.87L) scholarship to help you pursue an MBA abroad.
It opens doors to international opportunities and experiences, shaping you into a globally-minded business leader.
Whether you’re just starting or looking to expand your horizons, this is one of the best scholarships for an MBA in Germany.
Eligibility Criteria
To apply for the Go Global MBA Scholarship, you must meet the following requirements, as mentioned in the table below.
| Eligibility Criteria | Details |
| MBA Program | Applied or plan to apply for an MBA program starting in Fall 2025 |
| Work Experience | At most five years of relevant professional experience |
| Educational Background | Must hold a valid undergraduate (Bachelor’s) degree |
| Language Requirements | IELTS: 5.5 to 6.5 | TOEFL: 70+ |
| Study Visa | Must hold or be eligible for a relevant study visa (if applicable) |
Benefits
The Go Global MBA Scholarship offers significant benefits to help you achieve your academic and professional goals. The benefits of the scholarship are mentioned in the table below.
| Benefits | Details |
| Scholarship Amount | Up to €7K (INR 5.87L) |
| International Experience | Study abroad and gain insights into global business practices |
| Career Growth | Enhances career prospects by earning an MBA from a renowned international institution |
4. Study a Master’s in Europe Scholarship
Experience Europe with the Study a Master’s Scholarship. Discover a continent renowned for its rich culture and academic excellence.
This scholarship offers a €5K (INR 4.6L) grant to help you pursue your European studies. Whether you’re drawn to history, innovation, or diversity, this is one of the best scholarships for an MBA in Germany.
Eligibility Criteria
To apply for the Study a Master’s in Europe Scholarship, you must meet the requirements in the table below.
| Eligibility Criteria | Details |
| University Application | Applied or plan to apply to a European university or graduate school |
| Program Level | Must enrol in a Master’s-level degree starting in Fall 2025 |
| Location | Degree pursued within Europe or through online distance learning from a European institution |
| Academic Requirements | Must meet university entry requirements, including a valid undergraduate degree and language proficiency |
Benefits
The Study a Master’s in Europe Scholarship offers several key benefits to help you on your academic journey, as mentioned in the table below.
| Benefits | Details |
| Scholarship Amount | Up to €5K (INR 4.6L) |
| Study in Europe | Access to world-class education and European culture |
| Career Growth | Enhance career prospects with a Master’s degree from a European institution |
5. Friedrich Ebert Stiftung Scholarship
If you are passionate about social democracy, the Friedrich Ebert Stiftung Scholarship is a fully funded opportunity to pursue your studies in Germany.
Whether aiming for an undergraduate, Master’s, PhD, or diploma, this scholarship provides financial support and a comprehensive seminar program to enhance your academic and social skills.
Eligibility Criteria
You must meet the following criteria in the table below to qualify for the Friedrich Ebert Stiftung Scholarship.
| Eligibility Criteria | Details |
| Languages | IELTS: 5.5 to 6.5 | TOEFL: 70+ | TestDaF: Level 4 |
| Eligible Countries | Applicants must be from Africa, Asia, Latin America, or Eastern Europe |
| Academic Promise | Demonstrated strong potential for an educational or professional career |
| Enrollment | Must be admitted to or enrolled in a state or state-recognised higher education institution in Germany |
Benefits
The Friedrich Ebert Stiftung Scholarship provides comprehensive financial and academic support, including the following, as mentioned in the table below.
| Benefits | Details |
| Monthly Stipend | €750 (INR 69K) for Bachelor’s, Diploma, €850 (INR 78.3K) for Master’s |
| Health Insurance | Covers health insurance costs |
| Family Allowance | Additional €276 (INR 25.4K) for scholars with children (if applicable) |
6. ESMT Berlin Full-time MBA Scholarship
The ESMT Berlin Full-Time MBA Scholarship is an exceptional opportunity for aspiring business leaders who want to pursue their MBA at one of Europe’s top business schools.
This is one of the best scholarships for an MBA in Germany. It is designed to support talented individuals demonstrating strong leadership potential and academic excellence.
Eligibility Criteria
To be eligible for the ESMT Berlin Full-Time MBA Scholarship, you must meet the following criteria mentioned in the table below.
| Eligibility Criteria | Details |
| Academic Background | Solid undergraduate degree from a recognised institution |
| Work Experience | Minimum of three years of postgraduate and professional experience |
| GMAT/GRE Scores | GMAT: 550+ | GRE: 315+ |
| Leadership Potential | Demonstrated leadership experience and potential in professional career or extracurricular activities |
| Language Proficiency | IELTS: 5.5 to 6.5 | TOEFL: 70+ |
Benefits
The ESMT Berlin Full-Time MBA Scholarship offers significant financial support and additional benefits, including the ones mentioned in the table below.
| Benefits | Details |
| Tuition Coverage | Scholarship awards range from €1K to €6K (INR 92K to INR 5.5L), reducing the financial burden of MBA studies |
| Global Network | Scholarship awards range from €1K to €6K (INR 92K to INR 5.5L), reducing the financial burden of MBA studies. |
| Career Development | Access to ESMT’s career services, including personalised coaching, workshops, and networking events |
7. RWTH Business School Excellence Scholarship
The RWTH Business School Excellence Scholarship is a prestigious award recognising and supporting exceptional candidates.
It is awarded to those who demonstrate outstanding academic achievements and professional and social commitment.
Eligibility Criteria
The RWTH Business School Excellence Scholarship is awarded based on the following criteria in the table below.
| Eligibility Criteria | Details |
| Academic Excellence | Solid academic record demonstrating dedication and intellectual capabilities |
| Professional Commitment | Demonstrated professional experience and achievements showcasing leadership potential and career success |
| Social Engagement | Active involvement in community service, extracurricular activities, or initiatives with a positive social impact |
Benefits
The RWTH Business School Excellence Scholarship offers several critical benefits, as shown in the table below.
| Benefits | Details |
| Financial Support | €6K (INR 5.5L) scholarship to help offset tuition costs |
| Recognition of Excellence | Join a select group of scholars recognised for exceptional achievements and contributions. |
| Career Advancement | Access to RWTH’s strong network and career services for career growth and industry connections |
8. Klaus-Peter Müller Scholarship
The Klaus-Peter Müller Scholarship is an esteemed partial scholarship awarded by Frankfurt School to support exceptional MBA candidates.
This scholarship aims to enhance the diversity and excellence of Frankfurt School’s MBA programs.
If you want to significantly impact your field and contribute to a diverse, global classroom, the Klaus-Peter Müller Scholarship could be your gateway to an exceptional educational experience.
Eligibility Criteria
You must meet the criteria in the table below to be considered for the Klaus-Peter Müller Scholarship.
| Eligibility Criteria | Details |
| Academic Excellence | Demonstrate a solid academic record with outstanding performance in previous studies |
| Leadership and Entrepreneurship | Proven entrepreneurial and leadership skills or concrete plans to establish your own business |
| Specialised Background | Demonstrate a solid academic record with outstanding performance in previous studies. |
Benefits
The Klaus-Peter Müller Scholarship offers several significant benefits, as in the table below.
| Benefits | Details |
| Partial Tuition Coverage | Covers 30% of the tuition fees, easing the financial burden of pursuing your MBA |
| Recognition of Merit | Acknowledgment for academic and professional achievements, setting you apart in the MBA program |
| Career Advancement | Acknowledgement for academic and professional achievements, setting you apart in the MBA program |
Application Process of Scholarships for MBA in Germany
Picture yourself engaged in the heart of German academia, surrounded by world-class professors and ambitious peers. Imagine your future filled with opportunity, thanks to an 87% employment rate for international students with German degrees (according to the Federal Employment Agency).
That’s the power of scholarships for an MBA in Germany! These scholarships ease the financial burden, open your access to this prestigious academic environment, and pave the way for a successful career.
Here is a step-by-step guide to help you through the application process for scholarships for an MBA in Germany.
- Start by researching scholarships offered by German universities, government programs, and private foundations that match your field of study and background.
- Carefully check the eligibility requirements for each scholarship to ensure you meet the criteria.
- Secure your admission to a German university and obtain an official offer letter, as this may be required for some scholarships before applying.
- Gather all necessary documents, including your admission letter, transcripts, and required essays or personal statements.
- Submit your scholarship application according to the specific instructions, ensuring everything is complete and submitted before the deadline.
- Be prepared for an interview as part of the selection process.
- After applying, be patient and for the results.
- Stay positive and keep planning for your studies in Germany.
Required Documents
Organising your documents is essential to applying for scholarships for an MBA in Germany. Being well-prepared will help you demonstrate your qualifications and dedication.
Here’s a handy checklist to keep you on track.
- Fill out the application form on the official German scholarship website or through the university’s portal.
- Ensure you have proof of admission to a qualifying MBA program in Germany.
- Collect and submit all your academic transcripts, such as your high school diploma and bachelor’s degree.
- Craft a strong motivation letter outlining your goals and what you hope to achieve.
- Put together a comprehensive CV that highlights your academic and professional successes.
- Provide proof of your language skills, whether in German or English, depending on the scholarship’s requirements.
- Make sure you have a clear copy of your passport.
- Secure at least two letters of recommendation.
Conclusion
Securing scholarships for an MBA in Germany, like the Erasmus Mundus Joint Masters or Friedrich Ebert Stiftung, can significantly reduce your financial burden. With options offering full tuition coverage and monthly stipends, these scholarships make studying in Germany more accessible. Take advantage of these opportunities to advance your career without financial stress.
Explore available scholarships and start planning your German MBA adventure today. Let Leap Scholar’s expert counsellors help you navigate the entire process, from choosing the exemplary scholarship to securing your visa.
Our services include personalised university selection, application assistance, SOP review, financial planning, and comprehensive visa support.
Book a free consultation with Leap Scholar today and realise your aspirations for studying abroad.
Also Read: Scholarship for Germany: Popular Scholarship and Tips to Apply
Frequently Asked Questions
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Q. What are some of the most popular scholarships for an MBA in Germany?
Ans. There are many, but the Erasmus Mundus Joint Masters is one of Germany’s most popular scholarships for an MBA. This prestigious scholarship is highly sought after because it offers comprehensive financial support, including full tuition coverage, a monthly stipend of €1,400, and travel allowances.
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Q. What are some top MBA scholarships in Germany for Indian students, and can Indians apply for them?
Ans. Yes, Indian students are eligible to apply for various scholarships for an MBA in Germany. Some prominent MBA scholarships in Germany for Indian students include the DAAD ERP Study Scholarships, which provide financial support for Economics and Business Administration students, and the Friedrich Ebert Stiftung Scholarship, which supports students committed to social democracy.
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Q. What are the eligibility criteria for the Erasmus Mundus Joint Masters?
Ans. To qualify for the Erasmus Mundus Joint Masters, you must be enrolled in or accepted by a higher education institution in an eligible consortium. This consortium must include at least three higher education institutions from different countries, with at least two in EU member states. Moreover, your chosen study program must be fully developed, accredited, and ready for implementation.
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Q. How much financial support does the ERP Study Scholarship provide?
Ans. The ERP Study Scholarship offers substantial financial support to help you manage your living and study expenses while pursuing an MBA in Germany. You will receive a monthly stipend of €934, which covers living expenses, plus an additional study allowance of €460 per year.
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Q. Are there any scholarships for an MBA in Germany specifically for leadership or entrepreneurial skills?
Ans. Yes, the Klaus-Peter Müller Scholarship at the Frankfurt School of Finance & Management is designed for candidates with leadership and entrepreneurial skills. This scholarship provides partial tuition coverage, typically around 30% of tuition fees. It recognises applicants with a proven track record in leadership or entrepreneurship, making it an excellent opportunity for those looking to advance their careers with an MBA in Germany.
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Q. What does the Friedrich Ebert Stiftung Scholarship offer the stipend?
Ans. The Friedrich Ebert Stiftung Scholarship provides a monthly stipend to help cover your living expenses while studying in Germany. For students enrolled in bachelor’s programs, the stipend is €750 per month, while master’s students receive €850 per month. This financial support ensures you can focus on your studies without financial stress.
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Q. Is there a specific scholarship for students interested in social democracy?
Ans. Yes, the Friedrich Ebert Stiftung Scholarship is tailored for students committed to the principles of social democracy. This scholarship supports students who demonstrate strong academic performance and a dedication to social justice, equality, and democratic values. The scholarship provides financial support, including a monthly stipend, health insurance coverage, and additional family allowances, making it an excellent opportunity for those passionate about social change.
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Q. How competitive is the Erasmus Mundus Joint Masters Scholarship?
Ans. The Erasmus Mundus Joint Masters Scholarship is highly competitive due to its generous financial support and the unique opportunity it offers to study in multiple countries. Many students worldwide apply for this scholarship each year, but only a select few are chosen based on their academic excellence, leadership potential, and motivation.
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Q. What are the benefits of the Go Global MBA Scholarship?
Ans. The Go Global MBA Scholarship offers significant financial support, providing up to $7,000 toward your MBA tuition fees and related expenses. This scholarship will help you gain valuable international experience by studying abroad and immersing yourself in global business practices.
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Q. Is it possible to study in multiple countries with a German scholarship?
Ans. Specific scholarships, like the Erasmus Mundus Joint Masters, allow you to study in multiple countries. This program is unique because it involves studying at institutions in at least two countries, exposing you to diverse educational systems and cultures. The scholarship covers tuition fees, provides a monthly stipend, and offers travel allowances to support your studies across different locations.
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Q. What are some DAAD scholarships for an MBA in Germany?
Ans. There isn’t a specific DAAD scholarship for an MBA in Germany, but DAAD does offer funding for specific management-related programs. For example, the RWTH Business School Academic Performance Scholarship is an excellent opportunity for qualified bachelor’s students.
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