The country which is known for technical courses is also picking momentum as a sought-after study destination for MBA aspirants. If you are not so convinced by this fact, let us take a look at why you should consider pursuing your MBA in Germany.
Some of the B-Schools in Germany are ranked among the top 100 in the 2019 Global MBA Rankings published by the Financial Times. In the list, the Mannheim Business School features in the 77th position and ESMT Berlin stands 61st. There are other B-Schools which are equally competent and state-of-the-art.
It is understood that the country, which boasts of being an industrial hub, is also home to a huge pool of management roles and jobs. Thus, the MBA programmes offer a wide range of specialisations from the oft-treaded ones such as Marketing, Human Resource, Finance, Strategic Management, Healthcare Management, Technology Management to the uncommon ones such as Innovation and Entrepreneurship, Global Management, and Leadership Management.
MBA courses and curricula in Germany are monitored, revised, and revamped to meet the current trends and demands. The programmes bring together practical sessions and industrial exposure to help enhance the decision-making skills of the students.
You can count on the infrastructure and facilities to be contemporary. The faculties are also world-class and provide a blend of theoretical and practical learning. Plus, there is a mandatory internship that gives industrial exposure and hands-on experience in solving real-world issues.
Germany is known for lower tuition costs for all its programmes and MBAs are no exception. When compared to the US, UK, or Australia, the B-Schools in Germany are a little less expensive. When it comes to living costs, Germany is also known to be far more economical than other countries in Europe.
There are options for the types of MBA one may pursue. You can take up a Dual MBA, Full-Time MBA, Executive MBA, and Part-Time MBA. The duration varies for each of these programmes. Full-time MBAs span over 12 to 24 months whereas the Executive MBAs span over 18 months.
While most B-Schools across the world require a GMAT score, a few B-schools such as the TU Munich, Berlin School of Economics and Law, and Ludwig Maximillian University Munich among several others give more weightage to professional experience and do not require a GMAT score.
One of the biggest and strongest economies in Europe, Germany has several multinational companies (like Mercedes-Benz, BMW, SAP, Volkswagen, Audi, Siemens, Deutsche Bank) in addition to being an industrial hub. Thus, the job market in Germany is enormous, especially in the fields of Software, Technology, Financial, and Consulting. The highlight is that some of these companies may also have their offices in India and thus getting a job at the same company once you return home is quite a possibility. Most B-Schools have tie-ups with these companies and thus offer a plethora of opportunities for fresh MBA graduates.
Germany is among the top 10 countries in the world vis-à-vis the salaries offered to MBA graduates. In Germany, Business Development Managers draw anywhere between $41,411 to $84,149, Project Managers in the field of Information Technology get paid around $69,299 to $78,244, Marketing Managers earn in the range of $37,400 to $69,914, and Financial Analysts enjoy a salary range of $42,615 to $62,333.
The international students who are pursuing their full-time MBA from Germany are permitted to work for up to 240 half days when the course is in session or 120 full days during holidays.
Students who aspire to take up MBAs in Germany can avail of several scholarships, thanks to DAAD (Deutscher Akademischer Austauschdienst, or German Academic Exchange Service), the largest scholarship organisation in the world. Apart from the variety of scholarships from DAAD, there are scholarships offered by B-Schools such as the WHU Otto Beisheim School of Management, ESMT, the Mannheim Business School, the HHL Leipzig Graduate School of Management and the Frankfurt School of Finance and Management for MBA applicants of the right mettle.
While learning German is a skill-addition, there are numerous MBAs delivered in English as well.
If you wish to apply to an MBA in Germany, research thoroughly for the entry requirements because the requirements differ from one university to the other. Generally, most B-Schools require the following documents:
Check if your undergraduate degree is recognised in Germany. If not, you will have to take up a two-semester preparatory course at your university before your programme commences. While few universities may accept other qualifications instead of an undergraduate degree, all B-Schools prioritise professional experience.
The online mode of applications is most common. UniAssist is the common platform to submit your applications or you may choose to apply personally. Check for the confirmation e-mail from the university after you send your application. After a few weeks, you may get the decision email.
To know more, please get in touch with Manya Education experts.
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