As per QS world rankings (2019), Germany hosts some of the world-class, global B schools, ranked in top 100. These programs offer an international curriculum and opportunities to work on capstone projects. This has enabled Germany to carve a niche, in terms of offering the best education in the field of Business and Management studies/ MBA. Germany is the fifth most popular destination among study abroad aspirants because along with being offered lucrative jobs, applicants can also choose from a wide range of specializations such as Innovation and Entrepreneurship, International Marketing, International Healthcare Management, and Technology Management. Therefore, given the benefits of pursuing an MBA in Germany, by 2020, the number of foreign students studying in Germany would be ~ 350,000.
The Master of Business Administration/ MBA degree equips a student with strong interpersonal skills and business acumen. Post MBA, candidates also have a good chance of being absorbed in the job market and have lucrative career options.
Several factors make Germany a preferred destination to pursue an MBA
As per World Bank data, Germany is the fourth-largest economy in the world and the largest economy in Europe. This is primarily due to the fact that Germany is an innovative nation and a leading country in conducting research and technologically related activities.
International students are welcomed to pursue higher education in Germany and every year the number of international students is only increasing. As per Federal Statistical Office (2013 2014), 300,000 international students (11% of the total number of students) were studying in Germany.
Germany is one of the top 20 countries that has a huge demand for MBA graduates, and it is also one of the top 10 countries that offers the highest post MBA salaries.
There is nil to very little amount of tuition fees that needs to be paid to pursue MBA in Germany and therefore applicants need not worry about repaying heavy student loans.
Germany has a dire need of skilled professionals and this gap can be only fulfilled by attracting more international students to keep the economy moving.
Along with being offered lucrative pay checks, the working class in Germany enjoys a perfect work life balance and a reasonable cost of living, which is lower as compared to the rest of the European countries
Gaining hands on experience in the form of internship is mandatory during the MBA programs in Germany
Opportunity to learn German, increases the chances of being hired by the best in the industry
Numerous scholarships are available for international applicants especially from DAAD and the respective universities also.
MBA courses in Germany are research centric and students get a flare of different real-life experiences. This improves their critical thinking, decision-making skills and will help them be more employable
Well educated, globally renowned education staff/ academicians to help one become successful manager
These criteria differ for every program and university
The average tuition and living expenses for full time MBA range between Euro 45000 55000 and various scholarships are also available.
Most of the MBA programs are offered in English and they require IELTS (minimum 7/ 9 bands) or Toefl iBT (minimum 90/ 120) scores to gain an admission
The top B Schools in Germany are as follows
Students should begin the visa application process for procuring the Student Visa at least three months before the start of their programs. To do so, they must contact the local German embassy or the German consulate. Following documents are needed to be submitted.
Students should begin the visa application process for procuring the Student Visa at least three months before the start of their programs. To do so, they must contact the local German embassy or the German consulate. Following documents are needed to be submitted.
Student can work both on and off campus. The student is allowed to work 120 full days each year or 240 half days on a student visa. For on campus jobs such as Student/ Research Assistant, the students may exceed the allocated number of working hours, which is acceptable. However, the immigration authorities need to be informed about the change in the working hours.
The programs duration is from 12 months to 24 months. Some universities offer flexible duration, enabling the student to complete the course in 15, 18 or 20 months.
The deadline to apply for the MBA program for the Fall intake is from October- March
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