MIM fees & financing
ESMT's Master's in Management is an excellent investment in your future. Many ESMT graduates obtain jobs with compensation over double their tuition at ESMT. Most ESMT students fund their studies with a combination of personal financing, loans, and scholarships.
Master's in Management tuition
Full program tuition: €29,500
The tuition is paid in three installments over two academic years. ESMT's MIM tuition covers all courses and seminars, teaching materials, orientation, and career support.
In addition to tuition, students should budget enough money for relocation to Berlin, Germany, living expenses, and textbooks. We recommend that students budget €1,000 a month for living expenses.
Tax deductions
Many countries allow tuition for higher education, and related costs, to count as tax-deductible expenses. You can learn more about the requirements in Germany, for example, here. Please check with your tax advisor to assess your personal situation.
Possible deductions might include:
- Tuition fees
- Travel required by the program
- Temporary housing expenses
- Cost of prep courses - English, special courses, etc.
