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Average Salary of MBA in Germany – A Perfect Guide

Updated on 26 March, 2024

upGrad Abroad Team

upGrad Abroad Team

upGrad abroad Editorial Team

A two-year MBA program holds a lot of potential for aspiring professionals. In the first year, they study every basic concept necessary to create a base for the candidate’s specializations in the second year. These specializations may range from finance to marketing and human resources.

Germany may not be the first option for anyone’s MBA degree. However, its low-cost, comprehensive, and practically inclined coursework puts it above several other countries and their MBA programs. 

Read along to learn more about the Jobs available on graduating with an MBA, the average salary of MBA in Germany, and the Return on Investment on graduating with a German degree.

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Jobs for MBA in Germany

The position determines the average salary of MBA in Germany that an individual holds in an organization. These can range from managerial and consulting roles and everything in between.

Below are the different job roles and their descriptions and the average salary that one can earn in such a position. 

Role

Job Description

Average Annual Salary in INR (approx)

Business Development Manager

Communicating with potential clients and creating marketing campaigns. 14,000,000
Consultant Planning and carrying out commercial initiatives for clients.

11,700,000

General Manager

A general manager is accountable for the overall management. A particular task position does not define their profession. 13,600,00
Operations Manager Evaluating and enhancing organizational procedures, employment conditions, and efficiency.

10,500,000

Product & Project Manager

Assuming leadership of the product or project and arranging its management, development, and budgeting. 11,000,000
Strategist Developing and assessing approaches that aid in the achievement of the organization’s objectives.

16,200,000

Marketing Manager

Determining a product’s core demographic and developing pricing models 9,600,000
Brand Manager They are in charge of guaranteeing that the goods, services, and product offerings associated with a brand appeal to present and prospective customers.

10,000,000

Human Resource Manager

They are responsible for organizing all administrative activities concerning an organization’s employees. 8,200,000
Key Customer Manager Developing a comprehensive awareness of key clients and their demands and expectations. Extending ties with current clients by consistently presenting solutions that match their needs.

7,300,000

Important Resources to Read for Study in Germany
Student Visa for Germany Education System in Germany Scholarship for MS in Germany
Master in Automotive Engineering in Germany Scholarships for Indian Students in Germany Student Accommodation in Berlin
MBA in Germany Without GMAT Reasons to Study at IU Germany MS in Data Science in Germany
Master of Business Administration in Germany Master in Computer Science in Germany MIM in Germany

ROI of Top German Business Schools

The substantial return on investment delivered by German business schools is one of the reasons for their growing popularity. 

The most crucial aspect in persuading numerous international students to pursue an MBA in Germany is the attractive average income and inexpensive tuition costs for MBA graduates.

Listed are a few of the most prevalent MBA colleges in Germany that ensure a substantial average salary of MBA graduates.

University Name

Program Tuition Fee USD 

Average Salary USD

Frankfurt School of Finance and Management

42,500 (INR 31 lakh) 309,000 (INR 2.3 crore)
Mannheim Business School (MBS) 44,200 (INR 32 lakh)

119,000 (INR 88.78 lakh)

WHU – Otto Beisheim Graduate School of Management

43,600 (INR 32 lakh) 107,000 (INR 79.82 lakh)
ESMT Berlin 48,600 (INR 36 lakh)

108,000 (INR 80.54 lakh)

HHL Leipzig Graduate School of Management

42,500 (INR 31 lakh) 76,000 (INR 56.67lakh)
EBS Business School 26,300 (INR 19 lakh)

117,000 (INR 87.25 lakh)

Cologne Business School

34,221 (INR 25 lakh)

69,300 (INR 51.68 lakh)

The Average Salary for Top 10 MBA Programs in Germany

Fresh graduates might expect to earn roughly 55,000 Euros (INR 46 lakh) per year. However, this differs based on previous work experience, the firm that one was employed to, and the industry and geography of the company. 

The institutions in Germany do not offer campus placements and instead assist students in finding suitable positions. However, numbers suggest that a student can offset the cost of studying for an MBA in Germany during the first year of work itself.

Here are the top ten universities and their MBA program that ensure the best average salaries.

University Name

Location

Average Salary in EUR 

Frankfurt School of Finance & Management

Frankfurt 260,000 (INR 2.2 cr)
Mannheim Business School Mannheim

104,000 (INR 88 lakh)

University of Cologne

Cologne 140,000 (INR 1.2 cr)
University of Erlangen-Nuremberg Erlangen

335,000 (INR 2.8 cr)

HHL Leipzig Graduate School of Management

Leipzig 85,000 (INR 72 lakh)
WHU-Otto Beisheim Graduate School of Management Dusseldorf

83,000 (INR 70 lakh)

Hamburg University

Hamburg 130,000 (INR 1.1 cr)
Berlin School of Economics Berlin

64,000 (INR 54 lakh)

ESMT Berlin

Berlin 75,000 (INR 63 lakh)
ESCP – Berlin Campus Berlin

91,000 (INR 77 lakh)

On top of these reputed universities, several other institutions specialize in management and related courses. Moreover, some of these universities offer online courses that allow one to incur even fewer expenses with the additional luxury of availing these courses from the comfort of one’s home.

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Final Words

It has already been established that the average salary of MBA graduates in Germany is high. Moreover, the return on investment in studying from institutions like the ESMT in Berlin or Frankfurt School of Finance and Management is somewhat higher than others listed in this article. 

It is, therefore, an excellent investment to pursue an MBA in Germany. In addition to a high average salary of MBA in Germany, the country is also known for its standard of living and inclusivity. It is a major economy of the world and part of the European Union. 

Hence, it is not only about the course that one decides to pursue, but Germany will also ensure the global connection that every applicant to an international university desires!

Disclaimer! All course fees and salaries are approximate amounts subject to change depending on various conditions.

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upGrad Abroad Team

upGrad abroad Editorial Team

We are a dedicated team of study-abroad experts, ensuring intensive research and comprehensive information in each of our blogs. With every piece written, we aim at simplifying the overseas education process for all. Our diverse experience as journalists, content writers, editors, content strategists, and marketers helps create the most relevant and authentic blogs for our readers.

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