Are there scholarships available for international MiM students in Germany?

Question

Prateeksha Manral · Accepted Answer

Yes, of course, Germany offers several scholarship programs for international students to pursue a Master's in Management. These include government scholarships, scholarships by universities, and sometimes by private bodies. The German Academic Exchange Service offers one of the most popular known DAAD Scholarships worldwide to all students in support of postgraduate studies through a wide array of master's programs, including management, among others. Some can even be entitled to full or partial funding that includes tuition fees, living expenses, and sometimes travel costs.
Many German universities also offer their own merit-based or need-based scholarships for international students. As an example, some of the schools such as WHU &ndash; Otto Beisheim School of Management and ESMT Berlin award scholarships to MiM International students exclusively based on academic excellence, leadership potential or financial needs.
Additionally, some private organizations and foundations provide scholarships and even the Deutschlandstipendium, which helps talented students to study all disciplines, including management, among others. Business schools also have diversity scholarships to help students from underrepresented regions or backgrounds.
Application
To increase your scholarship prospects, apply earlier and research well on the specific scholarships available at the institution you plan to join.

B.K Sharma · Answer

Well, many scholarships actually exist for the MiM candidates coming from abroad to Germany. A majority of the German universities and institutions are so providing financial aid to attract the talent pool from around the world to their universities. DAAD, for example, is also one of the best scholarship-providing institutes present around the world. It provides merit-based as well as need-based scholarships to students coming from outside the country. It includes tuition fees, living expenses, and even health insurance cover, at times.
The private ESMT Berlin and WHU &ndash; Otto Beisheim School of Management offer unique scholarships especially to distinguished international students. Usually, such ones are granted based on performance either through academic results, leadership potential, or financial capacity. Many of them account for quite a large portion of tuition fees, hence very competitive.
There are various industry-specific scholarships as well. So, those interested in technology or finance, for instance, may have several options at their disposal. For example, the Konrad-Adenauer-Stiftung and Friedrich Ebert Stiftung offer scholarship programs while developing international exchange - which also expands the potential for leadership development.
It would be worthwhile to find out what each university offers in terms of scholarships, but check external options available from the German government and private organizations that could match your profile and goals.