Updated on May, 23 2024 06:55 IST
Study MBA in Accounting in Germany
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MBA in Accounting in Germany is one of the most well-known programs among students. This is due to the fact that Germany has many universities that are respected worldwide. These universities offer excellent programs specializing in accounting, finance, and many related fields. The MBA in accounting program at German universities involves courses on taxation, financial management, auditing, risk assessment, and other related topics. The curriculum is designed so that students can be successful in both the public and private sectors. Upon graduation, students are equipped with the knowledge and skills necessary to become successful accountants, financial advisors, or auditors within the accounting industry. But before you go ahead seeking admission to MBA in accounting in Germany, there are many things you should know. Read on to understand all about pursuing this program, from eligibility for MBA in accounting in Germany to the job opportunities that await!
Here's a crux of all you need to know about MBA in accounting in Germany:
| Name of the Program | MBA in Accounting |
| Intakes | 2 (Summer and Winter) |
| Duration of the Program | 1 - 2 years |
| Language of Instruction | English |
| Cost of the Program | 10,000 EUR - 30,000 EUR |
| Work Experience Required | Min. 1 year |
| GMAT/GRE Requirement | Varies with University |
| English Proficiency | TOEFL or IELTS |
| German Proficiency | Recommended |
| Cost of Living in Germany | 700 EUR - 1700 EUR |
| Interview Time | 30 - 60 minutes (if applicable) |
There are many reasons why students prefer pursuing their MBA in accounting from Germany:
Expert Faculty: German universities are known for the quality of their teaching staff. Most universities that offer an accounting MBA have world-renowned faculty members who can provide students with the best education possible.
Career Opportunities: With strong industry links and excellent accreditation, an MBA in accounting from Germany opens up a wide range of job opportunities for graduates. In addition to this, German companies are often keen to hire international talent.
International Exposure: German universities promote international collaboration through student exchange programs. This gives students studying there a unique opportunity to gain international exposure and develop global know-how from an early stage in their careers.
Affordable Tuition Fees: Tuition fees for MBA in accounting in private universities in Germany are much lower than those charged by other countries. This makes it an attractive option for international students who want to pursue a top-quality degree without breaking the bank.
Industry Links: Studying MBA in accounting in Germany gives students access to strong industry connections and contacts, which they can use to secure job opportunities after graduation. This opens up a world of possibilities after completing the course.
Multicultural Environment: Germany is a multicultural country with a diverse population. This makes the country a great place to study accounting, as the variety of perspectives and experiences students can bring to the table will be valuable in the workplace.
Here’s a roundup of the most popular universities in Germany for those willing to study MBA in accounting in Germany:
| Name of University | City | Global Rank | Germany Rank |
|---|---|---|---|
| WHU – Otto Beisheim School of Management | Vallendar | #8 | #1 |
| Frankfurt School of Finance & Management | Frankfurt | #27 | #2 |
| HHL Leipzig Graduate School of Management | Leipzig | #67 | #60 |
| Technical University of Munich | Munich | #49 | #3 |
| EBS Business School | Oestrich-Winkel | #64 | #51 |
To take an MBA in accounting course from a German university, there are specific eligibility requirements that the students have to fulfill. These are:
To take an MBA program from a German university is compulsory to complete your bachelor's course.
A valid passport is necessary to be eligible to apply for an MBA program in Germany.
Many German universities will require a few years of working experience to apply for an MBA.
English proficiency is a must, as most of the German university courses will be in English. Students must prove their English language efficiency by taking the TOEFL or the IELTS exam.
Many universities will ask for clearance tests in examinations like GMAT or GRE.
Many universities will want to conduct an interview process to test your skills and knowledge.
If you are a student looking forward to taking an MBA in accounting course from a German university, you must provide certain documents. These are:
Proof of Completion of Bachelor's Degree
Results of Higher Education
Results and Pass Certificates of Master Degree (If Applicable)
CV with Work Experience
Letter of Recommendation
Passport (Compulsory for International Students)
Statement of Purpose (Clearly Written)
Results of English Proficiency Test: TOEFL or IELTS
Results of Entrance Exam: GMAT or GRE
Photographs (Passport)
If you want to be admitted for an MBA course in Germany, there is a specific admission procedure for you to follow. It includes:
Contact Anigdha: If you need help being admitted to a German university for an MBA program, you can connect with our team, who will guide you through the process.
Shortlist University: Search and select the best university in Germany that provides an MBA in accounting course and is perfect for you in terms of your career goals and eligibility requirements of the university.
Application Process: Select more than one university perfect for you and submit the application form and application fee of these Universities.
Prepare for Exams: Prepare for the entrance exam if the university wants you to submit a result or start preparing for the English proficiency test that you have to take to prove your eligibility.
In German universities, there are two intakes:
Winter Intake: The winter session starts around September or October and continues in February or March, and the deadline to apply is July
Summer Intake: The summer session starts in April and continues till July or August, and the basic deadline is January.
It is different for all Universities, many colleges have only one intake offer for admission, and you need to check their website for more details.
The course duration of an MBA program at a German university is:
A full-time program: This will range from 18 to 24 months.
Part-time program: This will range from 6 to 12 months
For an MBA program in German universities, they will follow a specific medium of instruction. These are:
English is the primary language of instruction for most MBA programs in Germany. Most of the management and business education in the world is delivered in English, so studying courses like an MBA in English is important.
Most German universities want students to have a very good command of the English language to get admission to the MBA programs. They need to provide English proficiency test results to be eligible.
Some institutes in Germany offer courses in their local language and are specially for German students
Students must have the cutoff score required in the IELTS or the TOEFL exams.
| IELTS | 6.5 to 7 |
| TOEFL | 90% to 100% |
Students must have proper proficiency in the English language to get admission at a German university for the MBA program. Most universities take the MBA program in the English language, and the students need to prove their efficiency in English. They can take tests like:
IELTS: Cut-off score 6.5+
TOEFL: Cut-off score of 90% - 100%
If the university wants an entrance examination such as GMAT, it will be enough to prove English efficiency, and they do not need to give other tests. The cutoff score is 500 to 600.
The tuition fees for an MBA program in Germany can vary depending on the program you choose and the university you attend. However, the average tuition fee for an MBA in accounting in Germany is 30,000 EUR per year. In addition, some universities do not charge any tuition fee, allowing you to study free in Germany for MBA in accounting.
Here is a detailed account of tuition fees in Germany for the most popular universities teaching MBA in accounting:
| Name of University | Tuition Fee (Annual) | Category (Public/Private) |
|---|---|---|
| WHU – Otto Beisheim School of Management | 40,630 EUR | Private |
| Frankfurt School of Finance & Management | 38,000 EUR | Private |
| HHL Leipzig Graduate School of Management | 29,500 EUR | Private |
| Technical University of Munich | 14,400 EUR | Public |
| EBS Business School | 46,140 EUR | Private |
There are scholarships for students pursuing an MBA from a German university. These scholarships are:
| Name | Provider | Details of Fund | University Fee |
|---|---|---|---|
| Erasmus Scholarship Programs in Germany | German Government | Fully Funded | Full Tuition Fee |
| DAAD Scholarship | German Government | Fully Funded | Full Tuition Fee |
| Mannheim School of Business Scholarships | University | Partially Funded | EUR 5000 |
| ESMT MBA Scholarships | University | Merit-Based - Partially Funded | EUR 1000 to EUR 5000 |
| HHL Leipzig Graduate School Of Management Scholarship | University | Women Candidates - Partially Funded | 25% of the total tuition fee |
| Frankfurt School MBA Scholarships | University | Women only- GMAT excellence - Partially Funded | 25% of the total tuition fee |
| Heinrich Boll Scholarships for International Students | Non-government | Partial Funding | EUR 1000 to EUR 1500 |
| The Friedrich Ebert Stiftung | Non-government institutes | Partial Funding | EUR 1000 |
Is it difficult to study MBA in accounting?
MBA in accounting can be a demanding career, especially for people who are not passionate about the field.
What will I learn during my MBA in accounting?
During your MBA in accounting, you will learn accounts, finance, taxation, market analysis, etc.
Is an MBA in accounting a promising field?
Yes, MBA in accounting is a very promising field with an abundance of jobs globally. There is always a need for skilled accountants in companies, and hence this field will remain popular.
Which is the best college for learning MBA in accounting in Germany?
There are many colleges in Germany that provide an excellent education in MBA in accounting. Still, the best one is WHU – Otto Beisheim School of Management.
In what sectors can I find jobs after completing my MBA in accounting?
You can work in many sectors, like logistics, healthcare, IT, consulting, retail, etc., after completing your MBA in accounting.
What are the necessary skills to be a successful accountant?
In order to be a successful accountant, apart from subject knowledge, you need to have strong analytical skills, communication skills, critical thinking, leadership abilities, etc.
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