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.
Why pursue an MBA in Germany:
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
Read more: Why study in Germany?
Prerequisites for Enrolment:
These criteria differ for every program and university
- An undergraduate/ Bachelor degree (typically 12+ 4 years) from a well-recognized, accredited university is a prerequisite
- Many programs also require candidates with professional experience of ~3 years. Work experience is especially valued for the Executive MBA program
- Applicants need to submit recommendation letters, Statement of Purpose/ Cover letter, Essays and a detailed resume. Most programs also require the applicant to submit a video essay
- Most Business and Management programs require The Graduate Management Admission Test (GMAT)/ GRE. A good GMAT/ GRE score is a prerequisite to gain admission in a good ranking B school in Germany. However, some MBA programs also give admission without a GMAT score but they require strong and relevant work experience
- Proof of Language Proficiency either in English or German
Read more: How to apply to study in Germany for free?
Cost and Expenses:
The average tuition and living expenses for full time MBA range between Euro 45000 55000 and various scholarships are also available.
What are the English language requirements?
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
Which are the Top B Schools in Germany?
The top B Schools in Germany are as follows:
- Frankfurt School of Finance & Management
- Mannheim Business School (MBS)
- WHU – Otto Beisheim Graduate School of Management
- Hochschule Bremen – International Graduate Centre (IGC)
- EBS Business School
- Hochschule für Wirtschaft und Recht Berlin (HWR) – Berlin School of Economics and Law
- EU Business School
- ESCP Europe
- GISMA Business School
- HFU Business School
- HHL Leipzig Graduate School of Management
- Hochschule Esslingen – Esslingen University of Applied Sciences
How to apply for the MBA program in Germany?
- Applications are done via online portal where the required documents are scanned, converted to PDF and uploaded
- Applications are collected via an online portal for common applications to many universities namely UniAssist or if the university is not a part of the common application pool, it has its own personal website where the application can be filled, completed and submitted
- University communicates via email, once they have received the completed application and the required, relevant documents
- Processing of applications takes a couple of weeks as the applicant volume is very high and the university will accordingly communicate the final outcome via email
- Students who apply late/ after the deadline, they miss their chance to make it to the selection process as delayed applications are not at all taken into account
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:
- Completed application form
- Valid passport with two passport size photographs
- Admission Letter from the German university
- Financial documents, showcasing enough funds to cover the academic and living expenses
- Health insurance
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.
What are the prospective Career Opportunities?
- After completing the MBA program, students can work in Germany for 18 months
- The job market is diverse and after an MBA, candidates may get hired by consulting firms, IT companies, and financial organizations. Germany is one of the best countries for MBA graduates to venture and explore profitable job opportunities
- In terms of salaries drawn by MBA graduates, Germany ranks 7th out of all the other countries. For example, an MBA graduate from Mannheim Business School draws an annual mean salary of ~Euro 95,000
The Duration of the course
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.
What are the Deadlines?
The deadline to apply for the MBA program for the Fall intake is from October- March