Tuition Fees and Funding
1st payment (4.880 € + semester contribution)
the full amount has to be paid at least 7 work days before enrolment.
2nd payment (4.880 € + semester contribution)
is usually due in January before the 2nd semester.
3rd payment (4.880 € + semester contribution)
is usually due in June before the 3rd semester
Students who require more than 3 semesters to finish the MBA program must continue paying the semester contribution each additional semester to maintain their student status.
In total, students have to expect fees of roughly € 15.540 (3 * € 4.880 tuition fee + 3 * € 300 semester contribution) for a 3-semester program.
Please find more information about money and costs for international students in Germany on the following website of the German Academic Exchange Service (DAAD).
For scholarships, please check the database of the DAAD.
Information for taxpayers in Germany
(also applies to international MBA graduates working in Germany after graduation): the tuition fees for the MBA Program are tax deductible as anticipated professional expenses in certain cases, so you can get back up to 42 percent of your tuition fees! How much it is in your case exactly depends on your individual situation. Under certain circumstances, the tuition fees of the first or second-degree program as well as the financial burdens associated with the study (e.g. travel expenses, costs for literature, and similar) can be used to reduce the income tax burden.
For detailed information please contact your legal tax advisor.
Calendar of payment
The payment for the next semester period is regularly due in mid of the current ongoing semester. If you wish to continue your studies after the end of the current semester, you must re-register within the valid re-registration deadlines by paying the tuition fee plus the semester contribution. The annual deadlines for the re-registrations are as follows:
- 15 December – 15 January for the respective summer term
- 15 June – 15 July for the respective winter term
Compared to some other European countries, Germany is not very expensive. The prices for food, housing, clothing, and cultural activities are slightly higher than the EU average. Living costs in Bonn are comparable to many mid-sized cities in Germany but compared to many metropolitan areas, the overall costs are still well affordable. Of course, this depends on your individual costs for rent, your individual lifestyle, and on how frugal you are. You find the monthly rental prices for student dorms in Bonn online via "Student Union Bonn: Our dormitories". Please note that costs for a living are neither included in the tuition fees nor in the semester contribution fee!
All in all, you should calculate the average monthly living expenses to be about € 800. On average, students in Germany spend around 850 euros per month on living costs, however, the largest of the overall expenses is rent. Below, you find a rough calculation of the average monthly expenses for students living and studying in the Bonn-Rhein-Sieg area:
- Rent and utilities: 380 €
- Food: 200 €
- Clothing: 70 €
- Office materials: 40 €
- Travel costs: 148 € (public transportation is covered with the semester contribution fee)
- Health insurance/medicine: 124 € (approx. 200 € for students beyond the age of 30)
- Communication and entertainment: 25 €
- Leisure, culture, sports: 60 €
Please note that our university does not offer scholarships!
There are many ways to finance your studies in Germany. International students can apply for scholarships to numerous institutions. Please note, that our university does not offer scholarships, but you can ask various organizations, institutes, and official foundations.
To find out which program is right for you, we recommend you try the DAAD’s scholarship database. Furthermore, please also check the following scholarship opportunities offered by different organizations and institutions to international students in Germany:
Especially political foundations provide students with financial aid as well as incredible networks.
The DAAD website offers general information on scholarships.
Furthermore, several organizations offer scholarship grants for students, depending on their respective nationality/country of origin:
Konrad-Adenauer Stiftung (SAIIA)
Deadlines and further information are listed on the respective websites.