I have received an offer of admission from both Berlin School of Economics and Law and Frankfurt School of Finance & Management into their MBA program. However, I am not able to choose between them. As I have read before both schools have good reputation and even though the MBA program in FS is new but the school itself have a very good reputation in Frankfurt. On the other hand, HWR is a well known school in Berlin.

Could anyone please shed some light on both schools and help me to choose?

These schools are not really comparable. As a city state-funded Hochschule, HWR is underfunded and is in a city with half the GDP of the big west German cities. Very few of the state-funded Hochschulen can be called excellent: http://www.eduniversal-ranking.com/business-school-university-ranking-in-germany.html

The HfB in Frankfurt is a well-funded private Hochschule with especially strong connections to the banking and healthcare industries. That's an excellent school.

[Edited by Duncan on Jun 24, 2015]

Thank you Duncan. I second your comment. I actually choose FS but my major concern was the newness of the program.