The average starting salary for MiM graduates from German universities varies depending on factors such as the university, industry, and prior work experience. On average, graduates can expect to earn between €50,000 to €70,000 annually in their first job after completing their degree.
In certain sectors like consulting, finance, and technology, starting salaries tend to be on the higher side, often exceeding €70,000. Graduates from top schools may have better opportunities to secure roles in large consulting firms, where attractive salary packages, including bonuses, are common. On the other hand, those entering industries such as non-profits or smaller companies may start on the lower end of the salary spectrum.
As graduates gain experience, their salaries increase significantly. After about five years in the workforce, MiM graduates often earn between €70,000 and €100,000 annually, depending on whether they move into management or specialized roles. Location also plays a role, with cities like Munich, Frankfurt, and Berlin offering higher pay due to the higher cost of living and the presence of large companies.
Understanding the average starting salary for MiM graduates and how it evolves can help you plan your career path more effectively.
