How much does a MiM in Germany cost?

Question

Nitin Chauhan · Accepted Answer

The cost of pursuing a Master in Management (MiM) in Germany can vary depending on the university and whether it&rsquo;s a public or private institution. One of the significant advantages of studying in Germany is that public universities offer very low or even no tuition fees for many programs, including MiM. In most public universities, however, the fee may only apply to semester fees, which are usually around 200 to 500 Euros per semester. This fee typically covers administrative costs, public transport, and other student services.
However, if you&rsquo;re applying to a private university, the costs can be significantly higher. Tuition fees for MiM programs at private institutions in Germany usually range from &euro;15,000 to &euro;30,000 for the entire program. Schools like WHU &ndash; Otto Beisheim School of Management and ESMT Berlin fall into this category, offering world-class education but with higher tuition fees.
Apart from tuition fees, living costs can average between &euro;10,000 to &euro;12,000 a year, depending on your lifestyle and the location. Cities like Munich and Frankfurt tend to be more expensive compared to small towns. As far as other countries offering such programs, Germany is perhaps one of the best deals for high-quality education.

B.K Sharma · Answer

The cost of pursuing a MiM in Germany is mostly influenced by the university. Tuition fees in public universities are much cheaper, as higher learning is subsidized by the German government. The university fees are mostly limited to semester fees, which range between &euro;200 and &euro;500 and include administrative fees, public transport, and student services. This makes the public universities an excellent option for students with budget constraints.
On the other hand, private universities and business schools can be highly expensive. For example, some of the best institutions charge as much as &euro;20,000 to &euro;35,000 for an entire master's program. The higher fees notwithstanding, such schools offer much better networking opportunities, internships, and professional career services that could add value to one's future job prospects.
The cost of living in Germany should also be calculated. Generally, the value of the rent, food, and transportation will likely go between &euro;850 and &euro;1,500 per month depending on the city, as larger cities such as Munich and Frankfurt are much more expensive compared to small towns.