Munich Business School (MBS) is a renowned international business school and the first private university recognized in Bavaria. The school is popular for offering degrees exclusively in business administration. Prospective students can pursue undergraduate degree, four masters programs, a terminal DBA degree in partnership with the University of Sheffield Hallam, and dual degree programs at Munich Business School in partnership with many business schools around the world. The school is ranked #90 for Masters in Management in World University Rankings, by QS World University Rankings, 2021.
The Munich Business School is one of Germany's top private business schools, as well as a group of top-25 artists on international and student mobility. It is accredited by the Bavarian Ministry of Education and Culture. The school also offers both full-time and part time MBA programs for fresh graduates and working professionals. Students need a letter of motivation, well written CV and scores of English proficiency tests for applying to the school. International students are charged an application fee of 60 Euros (~5,100 INR) for admission to Munich Business School.
Munich Business School Highlights
| University Type | Private |
| Campus Setting | Urban |
| Establishment Year | 1991 |
| Mode of Program available | Full time; Part-time |
| Cost of Attendance | 32,000 Euro |
| Scholarships | 5 to 25 % reduction on tuition fee |
| The student to Faculty Ratio | 4:1 |
| Percentage of International Students | 33% |
| Acceptance Rate | 60% |
| Official Website | www.munich-business-school.de |
| Admission Helpdesk | +49 (0)89 547678-252 | Victoria.Fischer(at)munich-business-school.de +49 (0)89 547678-161 | Julia.Schwarzfischer(at)munich-business-school.de |
Munich Business School Campus and Accommodations
Munic Business School does not offer on-campus housing to its students, but it assists the students to get residence. Students participate in various on-campus student organizations. They engage in charitable projects, organize extracurricular events, and organize joint activities with invited international students. Munic Business School student clubs including MBS helps MBS sports, MBS Entrepreneurship Society, MBS get2gether, MBS Film Club, MBS Film Debate Club, and MBS International.
Munich Business School Accommodation
The average monthly rent for student accommodation in Munich is about 280 Euro (~24,300 INR). Due to limited space, only about 13% of students live in student housing. The majority of students in the school live in private rooms. Munich Business School does not offer on-campus housing to its students, but it assists the students to find off-campus accommodation.
Types of accommodation include single room, shared apartment, single apartment, couple apartment, single parent house, and apartment or single room in the residential community for the disabled. Accommodation types include student residence halls and apartments. There is limited space for student residences and the wait time is usually one to five semesters. The average cost per month of such a private living position is between 400-650 Euro. Rent must be paid and paid monthly in advance of the eighth working day of the month.
Off-Campus Accommodation Cost
| Apartment Type | Cost in Euro |
|---|---|
| Room in a shared apartment | 600 to 800 |
| Studio (one room with kitchen and own bath) | 900 to 1,000 |
| Apartments | 1,000 to 1,300 (1 bedroom), 1,400 to 1,800 (2 bedrooms) |
* Above listed are exclusive of utilities (electricity, heating, Internet, GEZ, etc.)
Munich Business School Programs
Munich Business School offers programs at the UG and PG level, DBA Doctor of Business Administration, and part-time and full-time MBA General Management Program. It also offers preparatory programs such as pre-bachelor's and pre-masters programs. It also offers administrative education, exchange, study abroad, and various award-winning programs.
Munich Business School Admission Process
Munich Business School observes a step by step admission policy. Students need to apply for the programs with required documents and later go through an interview session. Following are the admission details.
Admission Mode: Munich Business School Admission portal
Application Fees: 60 Euros
Step 1: Written Application
Application documents: For taking admission an applicant must submit their application, along with the given mandatory documents :
- Motivation letter (pages 1 to 2)
- A current CV
- A copy of the official academic transcript indicating your final grade *
- English proficiency proof (TOEFL 85, IELTS 6.5, ELS 112)
- Copy of your passport details page (with photo)
- Latest passport size photo
- Completed application form
Step 2: Personal interview
The interview lasts approximately 45-60 minutes, and it will help you and the MBS to determine if your profile is being developed with the study plan and class. Of course, this interview will also allow you to ask any questions you may have.
Step 3: Study Contract
The Admissions Office notifies you of the end of the application process within 10 working days. If accepted, the Music Business School will provide you with an acceptance letter and two copies of your thesis agreement. A copy must be returned within two weeks of signing up to secure your place in the program. The other copy should be kept to your records.
The acceptance of the inspection plan requires registration 690 Euro (EU / EFTA), registration fee of 1,490 Euro(non-EU), and 1,000 Euro after the signing of the inspection agreement, respectively. The deposit will be deducted from your first tuition fee.
Step 4: Student Visa
If you are a non-EU national, you must apply for an EU student visa to begin your studies in Germany. To obtain a Visa Invitation Letter from the Music Business School, take the following steps:
- Sign the inspection agreement you signed and a copy of your passport details page.
- Replace the deposit of 1,000. This amount will be deducted from the first-semester tuition.
Munich Business School Cost of Attendance
The estimated cost of studying at Munich Business School is listed below:
| Programs | Tuition Fee (Euro) |
|---|---|
| MBA | 32,000 |
| Doctoral | 36,000 |
| Bachelors | 36,400 |
| Masters | 24,000 |
Munich Business School cost of living:
| Category | Expense in Euro |
|---|---|
| Food | 320 |
| Public Transport | 40 |
| Health insurance | 80 |
| Other Miscellaneous | 250 |
Munich Business School Scholarships
The Munich business school offers attractive scholarships in Germany. The MBA scholarship is intended for future MBA students who have achieved exceptional achievements during their professional life. These students receive scholarships of 5 to 25% of tuition fees. The request for one of the scholarships is made with the request for a place at the university.
BAföG services are offered as a free subsidy with no fees, while the other half is an interest-free loan, and part of the loan repayment may be canceled depending on the duration and completion of the study. BAföG support is currently available at EUR 735 per month and is in principle limited to the standard study period for the respective education program.
Munich Business School Alumni
The school has a strong alumni network spread across the world. Alumni enjoy facilities like booking executive education courses, continuing higher studies at the MBS in the Master Business cooperation and services. Some notable alumni of the school are:
- Jack Nasher - bestselling author and negotiation advisor
- Philipp Brinkmann - entrepreneur and CEO of Tripsta S.A.
- Christian Nerlinger – former German footballer
- Alessandra Jovy -Heuser – German vollyball player
Munich Business School Placement
The Munich Business School Career Center serves as an interface between students of the Munich Business School and companies and enterprises. The MBS Career Center responds to the professional concerns of students and establishes contacts with the economy to bridge the gap for optimal staffing. Companies like Microsoft, Flixbux etc. take campus drives at Munich Business School.
Munich Business School is a highly reputed business institute for studying abroad. The top-notch MBA program at Munich Business School is committed in preparing business and management leaders across the world. With a comparatively lesser cost of studying among the European universities, it is no doubt one of the first choices of international students.
