Germany is quickly becoming a top destination for international students looking to pursue an MBA, thanks to its top-ranked universities, strong economy, and global business opportunities. In recent years, around 42,000 Indian students have chosen Germany for their higher studies, drawn by the country’s excellent educational offerings.

However, while studying in Germany is an exciting prospect, the cost of an MBA can be a significant challenge. That’s where scholarships for an MBA in Germany come in, offering much-needed financial support to make your studies more affordable.

Excel in IELTS with India’s Top Online Coaching

Leap has helped more than 1 Lakh students achieve 7+ IELTS band.

In this blog, you will learn about the different scholarships for an MBA in Germany that can help you achieve your academic and career goals without breaking the bank. Dive in!

Key Highlights

Here is everything you will learn in greater detail in this blog on scholarships for an MBA in Germany.

Types of Scholarships for MBA in Germany

Germany is the third top destination for international students, with over 450,000 students worldwide choosing to study there. 

You might be concerned about the costs if you plan to pursue an MBA. Fortunately, several scholarships for an MBA in Germany can ease the financial burden. 

Here is a quick overview of the available scholarships for an MBA in Germany.

1. Government Scholarships

Securing government scholarships for an MBA in Germany can ease your financial burden of pursuing graduate studies. 

One of the most prominent government scholarships is the Erasmus Scholarship Program for an MBA in Germany. This comprehensive award will cover your living and travel expenses, providing invaluable support.

Excel in IELTS with India’s Top Online Coaching

Leap has helped more than 1 Lakh students achieve 7+ IELTS band.

2. Private Funded Scholarships

There are many privately funded scholarships available for Indian students. One such scholarship is The Friedrich Ebert Stiftung Scholarship. It is a great option if you are passionate about social justice and academic excellence. 

These privately funded scholarships offer more than financial support, it connects you with like-minded individuals who share your commitment to making a difference. To qualify, You need solid academic performance and a proven dedication to social issues.

3. University Specific Scholarships

Many top German universities offer scholarships for an MBA in Germany specifically for international students. Schools like ESMT Berlin provide scholarships covering part or all of your tuition. Some even offer extra money for living costs. 

ESMT Berlin, for example, has scholarships for students who are outstanding leaders. These university scholarships help you focus on your studies without worrying about money.

Top 8 Scholarships for MBA in Germany

Germany, ranked the 15th safest country globally by the Global Peace Index, offers a secure and welcoming environment. 

Germany is a strong contender if you’re considering an MBA from a top-tier institution. In this section, you will learn about the top scholarships for an MBA in Germany. 

Here is a quick overview of the top scholarships for an MBA in Germany.

1. Erasmus Mundus Joint Masters Scholarship

The Erasmus Mundus Joint Masters (EMJM) is an elite, internationally recognised master’s scholarship offered through a consortium of universities across multiple countries. 

Designed for students seeking a global education, this scholarship allows you to study in at least two countries while earning a highly regarded degree across Europe and beyond. 

Eligibility Criteria

To be eligible for the Erasmus Mundus Joint Masters program, you must meet specific criteria in the table below.

*An eligible consortium is a partnership of at least three higher education institutions from different countries, with at least two located in EU member states.

Benefits

Participating in the Erasmus Mundus Joint Masters program offers numerous benefits, as mentioned in the table below.

2. ERP Study Scholarships

The ERP Study Scholarships, sponsored by the Federal Ministry of Economic Affairs and Climate Action (BMWK), offer an incredible opportunity for Economics and Business Administration graduates to pursue a master’s degree in Germany. 

If you’ve completed your undergraduate studies and want to pursue an MBA at a renowned German institution, these scholarships for an MBA in Germany could be your key to success. 

Eligibility Criteria

You must meet the requirements in the table below to qualify for the ERP Study Scholarships.

Benefits

As mentioned in the table below, the ERP Study Scholarships offer a range of benefits to help make your study experience in Germany as smooth and stress-free as possible. 

3. Go Global MBA Scholarship

The Go Global MBA Scholarship is your chance to take your career ambitions to the next level. This scholarship offers a $7K (INR 5.87L) scholarship to help you pursue an MBA abroad. 

It opens doors to international opportunities and experiences, shaping you into a globally-minded business leader. 

Whether you’re just starting or looking to expand your horizons, this is one of the best scholarships for an MBA in Germany. 

Eligibility Criteria

To apply for the Go Global MBA Scholarship, you must meet the following requirements, as mentioned in the table below.

Benefits

The Go Global MBA Scholarship offers significant benefits to help you achieve your academic and professional goals. The benefits of the scholarship are mentioned in the table below.

4. Study a Master’s in Europe Scholarship

Experience Europe with the Study a Master’s Scholarship. Discover a continent renowned for its rich culture and academic excellence. 

This scholarship offers a €5K (INR 4.6L) grant to help you pursue your European studies. Whether you’re drawn to history, innovation, or diversity, this is one of the best scholarships for an MBA in Germany.

Eligibility Criteria

To apply for the Study a Master’s in Europe Scholarship, you must meet the requirements in the table below.

Benefits

The Study a Master’s in Europe Scholarship offers several key benefits to help you on your academic journey, as mentioned in the table below.

5. Friedrich Ebert Stiftung Scholarship

If you are passionate about social democracy, the Friedrich Ebert Stiftung Scholarship is a fully funded opportunity to pursue your studies in Germany. 

Whether aiming for an undergraduate, Master’s, PhD, or diploma, this scholarship provides financial support and a comprehensive seminar program to enhance your academic and social skills. 

Eligibility Criteria

You must meet the following criteria in the table below to qualify for the Friedrich Ebert Stiftung Scholarship.

Benefits

The Friedrich Ebert Stiftung Scholarship provides comprehensive financial and academic support, including the following, as mentioned in the table below.

6. ESMT Berlin Full-time MBA Scholarship

The ESMT Berlin Full-Time MBA Scholarship is an exceptional opportunity for aspiring business leaders who want to pursue their MBA at one of Europe’s top business schools. 

This is one of the best scholarships for an MBA in Germany. It is designed to support talented individuals demonstrating strong leadership potential and academic excellence.

Eligibility Criteria

To be eligible for the ESMT Berlin Full-Time MBA Scholarship, you must meet the following criteria mentioned in the table below.

Benefits

The ESMT Berlin Full-Time MBA Scholarship offers significant financial support and additional benefits, including the ones mentioned in the table below.

7. RWTH Business School Excellence Scholarship

The RWTH Business School Excellence Scholarship is a prestigious award recognising and supporting exceptional candidates. 

It is awarded to those who demonstrate outstanding academic achievements and professional and social commitment. 

Eligibility Criteria

The RWTH Business School Excellence Scholarship is awarded based on the following criteria in the table below.

Benefits

The RWTH Business School Excellence Scholarship offers several critical benefits, as shown in the table below.

8. Klaus-Peter Müller Scholarship

The Klaus-Peter Müller Scholarship is an esteemed partial scholarship awarded by Frankfurt School to support exceptional MBA candidates. 

This scholarship aims to enhance the diversity and excellence of Frankfurt School’s MBA programs. 

If you want to significantly impact your field and contribute to a diverse, global classroom, the Klaus-Peter Müller Scholarship could be your gateway to an exceptional educational experience.

Eligibility Criteria

You must meet the criteria in the table below to be considered for the Klaus-Peter Müller Scholarship.

Benefits

The Klaus-Peter Müller Scholarship offers several significant benefits, as in the table below.

Application Process of Scholarships for MBA in Germany

Picture yourself engaged in the heart of German academia, surrounded by world-class professors and ambitious peers. Imagine your future filled with opportunity, thanks to an 87% employment rate for international students with German degrees (according to the Federal Employment Agency).

That’s the power of scholarships for an MBA in Germany! These scholarships ease the financial burden, open your access to this prestigious academic environment, and pave the way for a successful career.

Here is a step-by-step guide to help you through the application process for scholarships for an MBA in Germany.

• Start by researching scholarships offered by German universities, government programs, and private foundations that match your field of study and background.
• Carefully check the eligibility requirements for each scholarship to ensure you meet the criteria.
• Secure your admission to a German university and obtain an official offer letter, as this may be required for some scholarships before applying.
• Gather all necessary documents, including your admission letter, transcripts, and required essays or personal statements.
• Submit your scholarship application according to the specific instructions, ensuring everything is complete and submitted before the deadline.
• Be prepared for an interview as part of the selection process.
• After applying, be patient and for the results.
• Stay positive and keep planning for your studies in Germany.

Required Documents

Organising your documents is essential to applying for scholarships for an MBA in Germany. Being well-prepared will help you demonstrate your qualifications and dedication.

Here’s a handy checklist to keep you on track.

• Fill out the application form on the official German scholarship website or through the university’s portal.
• Ensure you have proof of admission to a qualifying MBA program in Germany.
• Collect and submit all your academic transcripts, such as your high school diploma and bachelor’s degree.
• Craft a strong motivation letter outlining your goals and what you hope to achieve.
• Put together a comprehensive CV that highlights your academic and professional successes.
• Provide proof of your language skills, whether in German or English, depending on the scholarship’s requirements.
• Make sure you have a clear copy of your passport.
• Secure at least two letters of recommendation.

Conclusion

Securing scholarships for an MBA in Germany, like the Erasmus Mundus Joint Masters or Friedrich Ebert Stiftung, can significantly reduce your financial burden. With options offering full tuition coverage and monthly stipends, these scholarships make studying in Germany more accessible. Take advantage of these opportunities to advance your career without financial stress.

Explore available scholarships and start planning your German MBA adventure today. Let Leap Scholar’s expert counsellors help you navigate the entire process, from choosing the exemplary scholarship to securing your visa. 

Our services include personalised university selection, application assistance, SOP review, financial planning, and comprehensive visa support. 

Book a free consultation with Leap Scholar today and realise your aspirations for studying abroad.

Also Read: Scholarship for Germany: Popular Scholarship and Tips to Apply

Frequently Asked Questions