Germany is an ideal study abroad destination for several international students from all over the globe. In the year 2020, there were more than 300,000 foreign students studying various fields of subjects in the country.
The country has great employment opportunities for international as well as domestic students. International students are allowed to stay back in the country for a period of 18 months after their degree course to search for a relevant job in their field of study. What makes the country a top study and work destination for international students is that one does not need to know German to be eligible to apply for a job in the country.
The country is a major hub for technology, innovation and is the ideal place for those who want to make significant contributions in the fields of education, politics, technology and other fields of research. The education system of Germany is reputed world-wide and offers high-quality education and state of the art facilities to undergraduate, postgraduate and doctoral students.
The economy of Germany is stable and is considered to be a highly developed social market economy. The country has the fourth-largest GDP in the world and is the most powerful economy in Europe. Its economy is based on high-quality exports of manufactured goods and equal opportunities for education and health. It is very common to find a public higher education institute in Germany that does not require students to pay any tuition fees or study related expenses. The country believes that education is a commercial product and everyone should have equal access to it.
You may be wondering if most of the universities are free in Germany, then why are MBA scholarships in Germany in high demand? This is because the German Government provides scholarships and awards, to encourage talented students from all corners of the world to pursue their higher education in Germany. Moreover, the academic curriculum of MBA programs in this country tends to be more exhaustive as well as innovative. MBA courses in Germany are dynamic and provide students with a blend of classroom and professional learning.
You will find several MBA scholarships in Germany or MBA scholarship in Germany which are privately funded such as Heinrich Böll Foundation MBA Scholarships in Germany, Full-Time MBA Young Leader Scholarship, Konrad-Adenauer-Stiftung (KAS) Scholarships and more. As compared to other countries such as the UK or the USA, pursuing MBA in Germany is highly affordable.
The average tuition fees for a full-time executive MBA in Germany will range between €35,000 €55,000.
If you are able to land an MBA scholarship in Germany or MBA in Germany scholarship, the cost of living for you will be significantly low and affordable. Most MBA Scholarships in Germany offer to cover partial living expenses or tuition fees that may range between €500 to €700. This is an ideal situation for any international student since the average cost of living in this country ranges between €700 and €1000 depending on your lifestyle.
Heinrich Böll Foundation Scholarships
Around 1200 scholarships are awarded every year under this program to students from all nationalities. Ambitious undergraduates, graduates as well as doctoral students are the usual recipients of this scholarship award. This is one of the best MBA scholarships in Germany or MBA in Germany scholarship. The award amount varies depending on whether the applicant is an EU citizen or not. For the EU based applicants, an amount of 649 euros per month is awarded towards managing their daily expenses and an additional 300 euros is contributed towards their book expenses. For the non-EU residents, an amount of 850 euros per month is allowed in addition to individual allowances.
The DAAD (Deutscher Akademischer Austauschdienst) Scholarship in Germany is the largest funding organisation in the world for international students from developing countries. The main purpose of this scholarship is to create future leaders and bridge gaps between countries. A monthly stipend is provided to recipients of this scholarship in order to cover all the expenses. Since they are fully funded scholarships, the amount is contributed towards tuition, living expenses, health, and travel. The monthly stipend varies between 850 euros to 1200 euros depending upon the type of degree you wish to pursue. Free on-campus accommodations will be provided under this scholarship program.
Konrad-Adenauer-Stiftung provides masters scholarships in Germany for international students and are awarded to those who possess above-average academic records and demonstrate their interest in politics. This program supports international students who have completed their undergraduate studies in their home country and wish to pursue their masters’ studies or doctoral studies at a German university. Students from developing countries or countries undergoing a political transformation will be given more preference for receiving the award. An amount of 850 euros is provided monthly for masters and postgraduate students and MBA students.
DeutschlandStipendium National Scholarship Programme
This is a merit based scholarship that is offered to international students who are academically talented and need finances to support their ambition. This scholarship is one of the best MBA scholarship in Germany and is awarded to only deserving candidates without taking into consideration their origin or state of residence or nationality. If you are able to obtain this MBA in Germany scholarship, it will be easy for you to maintain your lifestyle and cover all your living expenses since it comes with a monthly stipend of €150 euros.
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