How much does an MBA in Germany cost for Indian students in Indian rupees?
An MBA in Germany costs Indian students roughly Rs. 30,000 to Rs. 12 lakh in total at public universities, which charge only semester fees, while private business schools charge Rs. 16.5 lakh to Rs. 55 lakh. Add a blocked account of about Rs. 13.1 lakh per year for living expenses.
If you are planning an MBA in Germany, your total budget depends almost entirely on whether you pick a public or a private university. Public universities charge little more than a semester fee, so your whole program can cost as little as Rs. 30,000 to Rs. 12 lakh, while private business schools bill Rs. 16.5 lakh to Rs. 55 lakh in tuition. On top of that, you must fund the mandatory blocked account that covers your living expenses.
MBA in Germany: Total Cost Breakdown in Rupees
| Expense | Cost in Euros | Cost in Indian Rupees |
|---|---|---|
| Public university semester fee | EUR 200 to 5,000 per semester | Rs. 22,000 to 5.5 lakh per semester |
| Private university tuition | EUR 15,000 to 50,000 total | Rs. 16.5 lakh to 55 lakh total |
| Blocked account for living costs | EUR 11,904 per year | Rs. 13.1 lakh per year |
| Student visa and residence permit | EUR 210 to 310 | Rs. 23,000 to 34,000 |
Sample Tuition at Popular German Business Schools
| University | Type | Approximate Fee |
|---|---|---|
| LMU Munich | Public | EUR 373 per semester (about Rs. 41,000) |
| University of Cologne | Public | EUR 250 per semester (about Rs. 27,500) |
| Gisma University of Applied Sciences | Private | EUR 22,500 (about Rs. 24.7 lakh) |
| Frankfurt School of Finance and Management | Private | EUR 42,000 (about Rs. 46.2 lakh) |
| ESMT Berlin | Private | Up to EUR 64,800 (about Rs. 71.2 lakh) |
My Advice
Decide your university type first, because it changes your budget by a factor of ten. If funds are tight, shortlist public universities and open your blocked account of EUR 11,904 early, since the bank releases only EUR 992 per month (about Rs. 1,09,000) after you arrive. If you are targeting a private school, apply for your education loan only after the admit letter comes so the sanctioned amount matches the exact fee schedule.
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