Munich Business School (MBS), Munich, Germany

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Munich Business School: Rankings, Courses, Admissions, Fees, and Scholarships 

Established as Bavaria’s first private university in 1991, Munich Business School (MBS) is renowned for offering coveted undergraduate and graduate business administration degrees. The university’s world-class MBA program is dedicated to developing a network of business and management professionals who are at the top of their respective professions.

Accredited to FIBAA and the State Council, MBS comprises a dynamic student strength of 627 pupils. Representation from 74 countries around the world is seen in this inspiring academic environment. Exchange students from partner universities also attend courses in Munich every semester, further contributing to the development of an international atmosphere.

Munich Business School: Highlights

University Type Private University
Year of Establishment 1991
Total Enrollment 627 students 
International Representation  Students from 74 nationalities 
Student-Faculty Ratio 4:1
Application Deadline for International Students Applications open for Spring 2023 
Acceptance Rate 60%
Academic Faculties 23 professors and over 120 lecturers 
Scholarships for International Students Available

Why study at the Munich Business School? 

  • Because of the multinational milieu of the university, they prioritize global action and welcome international representation. 
  • At MBS, the emphasis is on small-group interaction and creative learning approaches. This allows interpersonal communication between the students and the teacher. 
  • The institute partners with 60+ global universities, offering 20 dual-degree programs.
  • MBS houses the European Center for Social Finance (ECSF), and thus invests in promoting research in the areas of social entrepreneurship and social finance. 
  • After completing their bachelor’s degree at MBS, 52% of students pursue a master’s degree, and 81% find work within three months of graduation.

Munich Business School Rankings 

  • #90 in the world for Masters in Management by QS World University Rankings 2021. 
  • #3 amongst all universities of applied sciences in the field of business administration by Wirtschaftswoche University Rankings 2021. 
  • Top 25 global performers for student mobility by Globales Hochschulranking U-Multirank 2022. 
  • One of the top 3 private universities of applied sciences in seven of eight categories by Trendence Graduate Barometer 2020. MBS is ranked 1 in the categories of internationality, faculty, and library. 

Programs and courses offered at Munich Business School 

Munich Business School offers undergraduate and graduate degrees, as well as a part-time and full-time MBA General Management Program. International students can also apply to enroll in the Doctor of Business Administration (DBA) program. 

In addition to this, separate preparation programs including the likes of pre-degrees are also awarded. The university is famous for its master’s administrative education, exchange programs, and study abroad semester courses. 

Undergraduate programs

The main areas of focus under the degree of Bachelor of Business Administration are

  • International innovation management
  • International procurement, production, and logistics
  • International Marketing and Sales
  • International human resource management and leadership
  • International financial management
  • International corporate management and development

Graduate programs

MBA graduate programs at MBS include

  • Masters in International Business
  • Masters in Sports Business and Communication
  • Masters in Innovation and Entrepreneurship
  • Masters in International Marketing and Brand Management

Campus and accommodation 

Munich Business School does not provide on-campus accommodation for its students, but it does aid them in finding a place to live. In Munich, the average monthly rent for students is around 280 Euros. Only approximately 13% of students live in student housing due to a lack of space. 

The majority of students reside in individual rooms. Other options for lodging include shared apartments, residential studios, and more. Rent must be paid on the eighth working day of the month, and it must be paid in advance.

Room type Cost per month in USD
Room in a shared apartment 676 to 902 USD
Studio (one room, kitchen and own bath) 1014 to 1,127 USD
Apartments

1 bedroom/ 2 bedrooms

1,127 to 1,465 USD/ 1,578 to 2,028 USD

Admission requirements for international students 

The admissions policy of Munich Business School is quite extensive. Students must apply for the programs and submit the relevant documentation, as well as participate in an interview. 

Gyanberry is officially partnered with the Munich Business School. Apply via Gyanberry to get a complete evaluation of your application and enhance your chances of smooth admission to the Munich Business School

Eligibility criteria

To be considered for admission, a candidate must submit an application together with the following required documents:

  • Letter of motivation (1 to 2 pages)
  • An updated CV
  • A copy of your official academic transcript with your final grade on it 
  • Proof of English proficiency
Test  Marks
TOEFL 85
IELTS 6.5
ELS 112
  • A copy of your passport’s information page (with photo)
  • A photo that was taken recently in passport size
  • Filled Application form

After the documents have been submitted, you will be asked to prepare for the one-on-one interview. The interview will last 45-60 minutes and is supposed to help MBS examiners determine whether your profile is being built in conjunction with the study plan and class.

Within 10 working days, you will get a notification from the Admissions Office that your application is complete. The Music Business School will send you an acceptance letter and two copies of your thesis agreement if you are accepted. 

To guarantee your spot in the program, you must return a copy within two weeks of signing up. It is advised to keep the other copy for your personal records.

Acceptance of the inspection plan necessitates registration fees of 1,490 Euros or 1,480 USD* for non-EU residents, and 1,000 Euros or 993 USD after the inspection agreement is signed. Your initial tuition charge will be reduced by the amount of the deposit.

*Note: Costs are converted based on the current exchange rate, i.e., 1 EUR= 1.00844 USD. Exchange rates are subject to periodic change. 

Visa process

If you are not a European Union citizen, you will need to apply for an EU student visa before beginning your studies in Germany. You can avail of Gyanberry’s Visa Counseling services and get expert guidance regarding the process to get a student visa. 

To get a Visa Invitation Letter from the Music Business School, follow these steps:

Sign the inspection agreement and a copy of your passport page with your personal information.

Replace the $1,000 deposit. This sum will be taken from the tuition for the first semester.

Tuition, fees, and cost of attendance 

The fee structure for various courses at MBS is outlined below alongside the duration of the course. 

Course Duration Annual Cost in USD
Bachelor international business 6 semester + thesis 11,337
Pre- Bachelor International Business 16 week 5,668
Master International Business 18 months/ 24 months 7,956
Master Innovation and Entrepreneurship 18 months/ 24 months 7,956
Master International Marketing and Brand Management 18 months/ 24 months 7,956
Master Sports Business and Communication 18 months/ 24 months 7,956
MBA- full time 12 months 15,912 
MBA- Part-time 24 months 7,956
Doctor of Business Administration 48 months 12,531 for the first two years, and 5,370 for the remaining two
Executive Education programs Differs according to courses Differs according to course

Cost of living 

In addition to the tuition fees, international students will also have to incur the following expenses

Fee Particulars  Annual Amount in USD
Enrollment Fee 1,482
Accommodation  7,800-24,000 
Transportation 1,000
Miscellaneous Expenses  2,000

Thus, the total cost of attendance for an international student enrolled at MBS ranges between 17,950-44,394 USD or 65,932-163,063 AED***.

***Note: Costs are converted based on the current exchange rate, i.e., 1 USD = 3.67 AED. Exchange rates are subject to periodic change. 

Scholarships for international students 

Munich Business School strives to make education more accessible to high-performing candidates regardless of their financial position. It thus offers partial scholarships to committed prospective students in addition to other financing options. To apply for one of these limited scholarships, you will almost certainly need to submit a personal statement as well as other documents.

Different scholarships being offered are:

  • MBS Bavarian Scholarship
  • MBS Explorer Scholarship
  • MBS BEST Scholarship
  • MBS Sports Scholarship
  • MBA Global Thinker Scholarship
  • MBA Responsible Leader Scholarship
  • MBA Smart Entrepreneur Scholarship

The maximum scholarship money awarded to UG students is 2,850 Euros or 2,834 USD** per semester. 10-50% of the tuition in the 1st and 2nd Bachelor semesters is waivered. 

Similarly, the maximum scholarship money awarded to PG students is 3,200 Euros or 3,182 USD each for the 1st and 2nd master’s semesters. 

**Note: Costs are converted based on the current exchange rate, i.e., 1 EUR= 1.00844 USD. Exchange rates are subject to periodic change. 

Career prospects, placements, and salaries for MBS graduates

The MBS Career Center is a dedicated service bridging the gap between the graduates of MBS and corporate companies. The institute ensures its students are job-ready and equipped with the requisite skills by

  • Providing extensive career coaching in the form of mock interviews, resume making, and more. 
  • Giving students access to a comprehensive list of business contacts. The MBS Connect alumni portal allows you to exchange ideas with graduates and learn about any job vacancies in their companies.
  • Maintaining a functioning job portal. The MBS Job Portal displays permanent employment opportunities, jobs, and internships for working students. 

Fresh graduates from MBS can expect to earn up to 55,000 USD per year. All international students can work in Germany, after applying for a Visa after graduation. As per government guidelines, international students are required to extend their resident permit for up to 18 months to get a job in their field of study. After finding a job, students can then apply for an EU Blue Card which will enable them to work in any EU state.

Frequently Asked Questions

Munich Business School offers 1 undergraduate and 4 graduate degrees. It is also renowned for its part-time and full-time MBA programs and a unique DBA program. All of these are taught in both English and German. For international students, English is the medium of instruction. MBS also provides preparation programs including pre-and bachelor’s pre-degrees.

Munich Business School MBA program aspirants will be required to submit an academic ELS (minimum 112) score, along with a bachelor’s degree with a first-class result. For English proficiency, an IELTS score of 6.5 or TOEFL iBT 85. Work experience is not mandatory but preferred.

MBS does not have on-campus housing but assists students in finding residence halls or apartments as per their requirements and convenience. Students may opt for a shared apartment or studio apartment.

MBS provides few merit-based scholarships to its students at the time of joining. Apart from this, students can apply for scholarships in their home country, In Germany, or through EU scholarship schemes. Some scholarships may be one time whereas some are renewable on a merit basis.