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 three 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.
Information for taxpayers in Germany
For detailed information please contact your legal tax advisor.
This information also applies to international MBA graduates working in Germany after graduation.
Calendar of payment
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 are as follows:
- in winter semester:
15.12. – 15.01. (for the next summer semester)
- in summer semester:
15.06. – 15.07. (for the next winter semester)
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 prices are still well affordable. All in all, you should calculate the average monthly living expenses to be about 800-1000 euros. Of course, this depends on your individual rent costs, your lifestyle, and how frugal you are.
Travel costs for the state of North Rhine-Westphalia of approximately 160 euros per semester are already included in the semester contribution fee. The largest of the overall expenses is rent. You find the monthly rental prices for student dorms in Bonn online via the website of the Student Union Bonn:
Please note that costs for a living are neither included in the tuition fees nor in the semester contribution fee. 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: 400 euros
- Food: 220 euros
- Clothing: 70 euros
- Office materials: 40 euros
- Health insurance/medicine: 135 euros
(approx. 220 euros for students beyond the age of 30)
- Communication and entertainment: 25 euros
- Leisure, culture, sports: 60 euros
We are aware of the fact that choosing to pursue an MBA is one of the most important decisions you will make and is a substantial investment into your future. There are multiple funding options for MBA students to get their study expenses covered. Many of our students fund their studies through multiple funding sources, combining personal resources with education loans and scholarships. You can find more general information about the different funding options for international students via the website "Study in Germany".
There are multiple funding sources students can use to cover their study fees. The best way is to combine personal savings with partial or full-tuition scholarships (if applicable), corporate sponsorship, and loans. Applicants should always first research the funding options available in their home country before exploring those offered by scholarship institutions. The following are the forms of funding for our students in the MBA Program:
- via income from a full-time, part-time or a student job
- via loans from banks, finance companies and/or governments
- via whole or part sponsorship by their employers
- via accumulated private savings and/or financial family support
- via competitive, merit-based or needs-based grants, scholarships or fellowships
Applying for a job as an international student in Germany
There are many ways for international students in Germany to earn money while they study, for example as wait staff, academic assistants or private tutors. But there are some restrictions international students have to consider when applying for a job in Germany. Please find more information on the DAAD Website.
Information on scholarships
Please note that our university does not offer scholarships, but you can research various organizations, institutes, and official foundations that offer scholarship grants for students, depending on their respective nationality/country of origin. Deadlines and further information are listed on the respective websites. Please find more information on the DAAD Scholarship Database.