Best Master’s Degrees in Business in Germany 2021

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Germany is the home of innovation, research, and technology, but it is also home to countless successful businesses. Germany is, in fact, the largest European economy and one of the largest in the world. Considering business culture is highly important in Germany, the higher education sector here pays a lot of attention to the practical aspects of education, which means most programs have integrated internships or other forms of practical training. 

If you’re interested in pursuing a graduate degree in Germany, you will have the opportunity to choose from some of the best master’s degrees in Business here. Universities usually attract thousands of international students, which essentially means you will be part of a diverse community, where you will grow academically as well as culturally. Take a look at some of the top Business master’s programs in Germany just below.

List of the top Master’s degrees in Business in Germany for 2021:

Master’s Program in Mathematics in Business and Economics 

  • Where: University of Mannheim
  • Duration: 4 semesters (2 years)
  • Language of Instruction: German and English
  • Tuition Fees: €194,30/semester (domestic students), €1,500 (for non-EU students)

This master’s program in Mathematics in Business and Economics at the University of Mannheim provides students with exceptional knowledge in mathematics, informatics, business administration, and economics. It is an interdisciplinary program, which means students can customize their studies depending on their career aspirations. 

Students can choose to specialize in fields like Financial and Insurance Mathematics, Stochastics, Statistics, or Numerical Analysis and Optimization. They can further find employment in banking, insurance, financial services, business consulting, IT and software development, risk management, or production planning and controlling. 

Master’s Program in Economics and Business Education

  • Where: University of Mannheim
  • Duration: 4 semesters (2 years)
  • Language of Instruction: German and English
  • Tuition Fees: €194,30/semester (domestic students), €1,500 (for non-EU students)

This master’s program offered by the University of Mannheim includes modules in Economic and Business Education, Business Administration and Economics, as well as Business Informatics. Students may also choose other elective courses, such as German studies, Biology, Political Science, Sport, etc., to further enhance their knowledge. 

Students can choose to specialize in either Human Resources, Management, Taxation, Finance, Business Informatics, Marketing, or Logistics. In addition, teaching is highly practice-focused, which means students will also have the chance to put their knowledge into practice by undertaking internships at different schools.

Master’s Program in Business Informatics

  • Where: University of Mannheim
  • Duration: 4 semesters (2 years)
  • Language of Instruction: Primarily English
  • Tuition Fees: €194,30/semester (domestic students), €1,500 (for non-EU students)

This exceptional master’s program in Business Informatics in Germany combines the best of both worlds – specifically, Informatics and aspects of Business Administration. Students get the opportunity to further delve into the two areas of study, explore their interests, and gain the necessary skill set to succeed in the job market. 

The University of Mannheim has close cooperation with corporate partners, which means you will enter the job market with quite a great deal of practical experience. Students also benefit from small classes, meaning the student-to-faculty ratio is rather convenient. Prospective applicants must be enthusiastic about IT, Programming, Economics, and Business Administration.

Master in Finance & Information Management

  • Where: TUM School of Management
  • Duration: 4 semesters (2 years)
  • Language of Instruction: English
  • Tuition Fees: €144,40/semester

This Master’s program in Finance and Information Management is specifically designed for students who hold a Bachelor’s degree in one of the following disciplines: Economics or Social Sciences, Business & Informations Systems Engineering, Computer Science, Industrial Engineering, Mathematics/Financial and Business Mathematics, Statistics, or related fields.

The program will help students obtain the skills to develop the current finance and digital technologies and handle big data while incorporating technology and entrepreneurship. In addition, the small classes ensure students get excellent personal support from the academic staff towards reaching their career aspirations. 

Master in Management & Technology

  • Where: TUM School of Management
  • Duration: 4 semesters (2 years)
  • Language of Instruction: Up to 100% English
  • Tuition Fees: €144,40/semester

The Master’s program in Management & Technology from the TUM School of Management is perfect for students who are fond of combining management studies with technology. In fact, the program addresses students who come from technological academic backgrounds or students who come from pure management academic programs. 

Admission requirements for this master’s program include a Bachelor’s degree in Management & Technology or any other relevant program that combines management and technology. Applicants are required to have taken classes in Management, Economics, and Engineering/Natural Science. Students graduate with expert business knowledge in their specialization field. 

Master in Sustainable Management & Technology

  • Where: TUM School of Management
  • Duration: 4 semesters (2 years)
  • Language of Instruction: English
  • Tuition Fees: €144,40/semester

The Master’s program in Sustainable Management & Technology requires applicants to hold a Bachelor’s degree/equivalent in Technology and Management-Oriented Business Administration, Economics, Bioeconomics, or Business Administration. Other fields of study are also accepted if they are considered comparable. 

Students graduating from this program are equipped with comprehensive skills and knowledge to understand entrepreneurial advancements and their impact on both society and the economy. The program teaches students how to be problem-solvers when it comes to complex business matters and how to be innovative regarding sustainability issues in management contexts.

M.Sc. in Management – International Triple Degree

  • Where: LMU Munich School of Management (Munich, Germany), Loyola University (New Orleans, USA), SKEMA Business School (Paris, France)
  • Duration: 3-4 semesters
  • Language of Instruction: English
  • Tuition Fees: $1,005 per credit hour (45-60 credit hours).

This intricate International Triple Degree in Management is a three to four-semester joint program taught at three different universities. Students will spend their first semester at Loyola University New Orleans (US), the second semester at SKEMA Business School in Paris (France), and the third semester at the Ludwig-Maximilians-Universität München (Germany).

During the first semester, students will take classes in basic management such as Financial and Managerial Accounting, Strategic Marketing, Statistics, Organizational Behavior, etc. The second semester will include classes in Corporate Finance, Innovation, and Entrepreneurship, to name a few. Finally, the third semester comprises the likes of Strategic Communication, Data-Based Decision Making, Competitive Strategy, and Financial Risk Management.

Master’s in Finance, Accounting, and Taxation

  • Where: Freie Universitaet Berlin
  • Duration: 4 semesters (2 years)
  • Language of Instruction: English, German
  • Tuition Fees: Only semester fees and contributions (N/A)

The Master’s program in Finance, Accounting, and Taxation offered by Freie Universitaet Berlin provides in-depth studies on Finance, Accounting, including Financial Accounting, Managerial Accounting or Auditing, and Taxation. Students may also undertake classes in Law and Business Economics.

Prospective applicants are required to have a Bachelor’s degree in Economics or Law, with a minimum of 45 credit points in Business Taxation, Business and Public Finance, Managerial and Financial Accounting, as well as legal areas related to Economics. A few credit points are also required in Mathematics, Statistics, and Economics Computer Science. Equivalent degrees are also accepted for as long as they are comparable.

Master’s in Management & Marketing

  • Where: Freie Universitaet Berlin
  • Duration: 4 semesters (2 years)
  • Language of Instruction: English, German
  • Tuition Fees: Only semester fees and contributions (N/A)

To gain admission to this master’s program in Management and Marketing, applicants must have a Bachelor’s degree in Business Administration and have taken Mathematics, Statistics, and Econometrics classes. The university will also accept equivalent degrees for as long as applicants have credit points in Accounting, Taxation, and the formerly mentioned areas. 

The program prepares students for advanced work in academic and professional settings. Students graduate with problem-solving and critical thinking skills in issues related to Management and Marketing. Students will get to spend the third semester of studies at one of the university’s partner universities abroad to learn how to integrate social skills in intercultural settings. 

M.Sc. Management & Engineering in Technology, Innovation, Marketing & Entrepreneurship

  • Where: RWTH Business School
  • Duration: 3 semesters (full-time), 6 semesters (part-time)
  • Language of Instruction: English
  • Tuition Fees: €30,000/program

This Master of Science offered by RWTH Business School provides students with a comprehensive management education combined with numerous elective courses in the latest technological developments. The program consists of more than 30 Management and Engineering modules, which equip students with a thorough understanding of Management, Engineering, and Technology.

The program is a good fit for students who have at least one year of academic background or work experience in fields like Science, Technology, Engineering, and Mathematics. Students of this program are typically ambitious towards moving beyond technical roles to leadership positions at the intersection of management and technology. 

M.Sc. Data Analytics and Decision Science

  • Where: RWTH Business School
  • Duration: 4 semesters full-time (including 1 semester Master thesis)
  • Language of Instruction: English
  • Tuition Fees: €30,000/program

The RWTH Business School offers an interesting Master of Science program in Data Analytics and Decision Science for students who wish to gain knowledge in Machine Learning, Artificial Intelligence, Operations Research, and Decision Science. In the age when data is becoming increasingly crucial, each sector could make use of data-driven business decisions and expertise.

Through a wide range of elective modules, students can specialize in numerous fields, including Production or Logistics, to customize their knowledge towards specific industries. Students who apply to this master’s program are STEM graduates. Application areas will allow students to gain insight into domains like Digital Operations, Supply Chain Management, Optimization of Logistics Systems, and Economic Modeling of Energy and Climate Systems.

Master of Pharma Business Administration (MBA)

  • Where: Goethe Business School
  • Duration: 4 semesters (2 years)
  • Language of Instruction: English
  • Tuition Fees: €35,000/program

Students of this Master of Pharma Business Administration learn management and leadership principles applied to pharmaceutical settings. Basic modules include Managerial Accounting & Controlling, Ethics in Business, Organizational Behavior, Strategic Management & Corporate Development, Innovation Management & Pricing, and Foundations of Patent & Pharmaceutical Law, to name a few. 

Students also get to delve into the specifics of the pharmaceutical industry by undertaking modules in the likes of Research, Development & Medical Affairs, Production & Quality Management, Market Access & Health Economics, Marketing & Sales, and Intrapreneurship & Business Planning, among others. Moreover, students will also be part of workshops that show the challenges of digital transformation for the pharmaceutical industry.

Master of Digital Transformation Management (MBA)

  • Where: Goethe Business School
  • Duration: 4 semesters (2 years)
  • Language of Instruction: English
  • Tuition Fees: €35,000/program

This Digital Transformation MBA program offered by Goethe Business School is designed to equip students with in-depth management skills focused towards digital change. The aim is to train future managers to make knowledgeable decisions that affect the digital transformation of their companies for the better. 

Specialization modules include Digital Process Management, Digital Business Models & Architectures, Digitalization in Finance, Data Science & Business Analytics, Smart Industry & Digital Trends, and Customer Experience Management, to name a few. As a result, this program could be highly beneficial in both the national and international job markets.

Master of International Management

  • Where: University of Cologne
  • Duration: 4 semesters (2 years)
  • Language of Instruction: English
  • Tuition Fees: €250/semester (administrative contribution) 

The Master of International Management offered by the University of Cologne combines management theory and business practice within a challenging international learning environment. Students earn knowledge and skills in Management practice, methods, and theories and are fully capable of managing international organizations upon graduation. 

The student profile includes someone who has successfully completed a Bachelor’s degree (or equivalent) in Management, Business Administration, or Economics. Prospective applicants must also show they have initial work experiences, such as internships, volunteer work, relevant projects, or other comparable experiences. 

MA in Innovation and Entrepreneurship

  • Where: Berlin School Of Business & Innovation
  • Duration: 4 semesters (2 years)
  • Language of Instruction: English
  • Tuition Fees: €7,500/year

This MA in Innovation and Entrepreneurship program offered by the Berlin School Of Business & Innovation is designed to help individuals build their businesses. Students will graduate with the crucial skills needed to overcome ethical issues and any challenges that a globalized environment might pose. The program also includes free German classes for students who wish to advance their German language skills.

Modules include Creative Thinking and Practice, Leading Innovation in the Digital Age, Entrepreneurship for the Global Society, Social Media Marketing Communications, Financial Accounting for the Entrepreneurial Firm, Ethics, Law and Communication in Decision Making, as well as Strategy for Innovation and Entrepreneurship, among others. Graduates will be able to apply theories of entrepreneurship and innovation (and use their creativity) in business scenarios.

Top German Universities to Get a Master’s Degree in Business

Here are the best universities in Germany for a Master’s degree in Business: 

  1. Universität Mannheim
  2. Technical University of Munich
  3. WHU – Otto Beisheim School of Management
  4. Ludwig-Maximilians-Universität München
  5. Freie Universitaet Berlin
  6. RWTH Aachen University
  7. Goethe-University Frankfurt am Main
  8. University of Cologne
  9. Humboldt-Universität zu Berlin
  10. Westfälische Wilhelms-Universität Münster