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Can you provide information about scholarships for business and management courses abroad in Germany for a Master's?

04 Sept 2026 · Answered by Vishnu priyanga · 2 min read
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Germany funds business master's students mainly through DAAD, whose ERP Study Scholarships pay a monthly stipend of roughly 934 euros, and the Deutschlandstipendium, which awards 300 euros monthly regardless of nationality. Private schools add funding too, with WHU Otto Beisheim offering merit scholarships covering up to 50 percent of tuition.

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Funding a business master's in Germany comes from three main sources: government programs, political foundations, and the business schools themselves, and combining sources is often possible. Start with DAAD and the Deutschlandstipendium, then layer on any school-specific award your target university offers.

Key Scholarships for Business Master's Students

ScholarshipSourceValue
DAAD ERP Study ScholarshipGerman Academic Exchange ServiceMonthly stipend of approximately €934, plus health insurance and travel grants
DeutschlandstipendiumFederal government and private donors€300 per month, regardless of nationality
Political foundation scholarships (KAS, FES, Heinrich Boll)Government financed foundationsAround €992 per month plus health insurance
WHU Otto Beisheim merit and diversity scholarshipsWHU business schoolUp to 50% of tuition fees

Where Else to Look

  • EPOS scholarships support development-related postgraduate courses, including some public management and economics programs, for students from developing countries.
  • ESMT Berlin offers Women in Leadership scholarships, regional diversity grants, and entrepreneurship awards as partial to full tuition waivers.
  • Frankfurt School of Finance and Management frequently awards partial tuition waivers and corporate-partner scholarships for finance and management candidates.
  • Use the official DAAD scholarship database at funding-guide.de, filtered by your home country and subject, to see current open calls.

My Advice

Apply to DAAD ERP or a political foundation scholarship at least six to nine months before your intended start, since these deadlines close far earlier than university application deadlines. Once enrolled, apply for the Deutschlandstipendium through your university's financial aid office too, since it can be combined with most other non-government scholarships to stack your funding.

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