Head to head

TBS Education vs HHL Leipzig Graduate School of Management

The TBS Education and HHL Leipzig Graduate School of Management Master in Management programs, compared side by side on the numbers that decide it — ranking, fees, salary, selectivity and class profile.

TBS Education
HHL Leipzig Graduate School of Management
FT ranking 2025
#45
#46
QS ranking 2025
Tuition
€32,000
€38,500 (total programme)
Median salary
$134k
Employment rate
99%
89%
GMAT range
Duration
2 years
21–24 months
Class size
Average age
24
International
Female
Location
Toulouse, France
Leipzig, Germany

The short version

  • On the Financial Times 2025 ranking, TBS Education (#45) sits ahead of HHL Leipzig Graduate School of Management (#46).
  • On tuition, TBS Education is the more affordable option at €32,000.
  • Geographically they are a different bet entirely: TBS Education in France, HHL Leipzig Graduate School of Management in Germany.

Rankings and salary are only part of the decision — fit with your target career, location, language, and cost of living usually matter more. Read each program in full before deciding.

Frequently asked

Is TBS Education or HHL Leipzig Graduate School of Management ranked higher?
On the Financial Times 2025 Masters in Management ranking, TBS Education places #45 and HHL Leipzig Graduate School of Management #46, so TBS Education ranks higher. A few places on one table rarely settle the decision, though — programme fit, location and cost usually matter more than the gap.
Which is more affordable, TBS Education or HHL Leipzig Graduate School of Management?
Tuition is €32,000 at TBS Education and €38,500 (total programme) at HHL Leipzig Graduate School of Management. Compare like for like before concluding — headline tuition can mix EU/EEA and non-EU rates — and add living costs in Toulouse versus Leipzig, since the lower tuition is not always the cheaper city overall.
Do you need the GMAT for TBS Education or HHL Leipzig Graduate School of Management?
TBS Education has an admission route that does not require a GMAT or GRE; HHL Leipzig Graduate School of Management generally expects a GMAT or GRE. Test policies change each cycle, so confirm the current requirement on each school's own admissions page before assuming you can skip it.
Should I choose TBS Education or HHL Leipzig Graduate School of Management?
There is no universal winner. The right pick depends on your target career, where you want to live and work (Toulouse, France versus Leipzig, Germany), the language of instruction, and your budget. Read both full profiles, weigh fit over a handful of ranking places, and if you are still torn, our admissions guide walks through building a shortlist you can defend.