Why Choose to study MBA in Germany? All degrees obtained from Germany are internationally recognized. All universities in Germany operate under the Bologna reform that ensures a student gets an internationally or a globally recognized degree regardless of whether it is Bachelor’s, Master’s or Ph.D. in engineering or medical science. Currently, in Europe, Germany is the largest national economy. It has also recorded the highest trade surplus in the world that is worth 285 billion USD. This makes the country the biggest capital exporter globally which serves it as an attractive incentive for potential MBA graduates across the world.
Why Choose to Study MBA in Germany?
Germany currently ranks as the seventh best country in the world in terms of salary levels of MBA graduates offered by domestic employers. Potential MBA graduates have an opportunity to earn an average compensation of a whopping 90,000 USD. Furthermore, considering the economy of the country, there is absolutely no shortage of opportunities that offer similar salary levels.
As of last year, the country has witnessed a tremendous 9% growth in brand new opportunities for MBA graduates. These numbers and statistics just show how diverse and welcoming the Germany MBA job market is. Students aspiring to pursue an MBA in Germany are in for a treat.
For those who always had a perception that Germany was the place for automobile and engineering, these statistics just prove that this country has much more to offer to other fields as well. This is a country that balances technology, engineering and software companies with consulting firms, entrepreneurs, Human Resources and Financial services. Recently, a report was released by the Federal Ministry for Economic Affairs and Energy that read about 250,000 new jobs will be created in the SME sector this year.
Germany is also one of the safest countries in the world compared to other European countries. Also, there are plenty of scholarship options available, Germany has one of the largest scholarship organizations in the world. DAAD which is a German Academic Exchange Service is one of the best programs for international students that offer countless scholarship programs. Most important of all, tuition fees are very affordable in the country and sometimes it comes with no cost at all.
What are the top Universities in Germany for an MBA?
Although there are hundreds of universities offering hundreds of courses, there are certain colleges that are very suitable considering some conditions like language, scope, campus life, courses, infrastructure, etc.
All universities have their achievements and may specialize in one or many fields or will be popular for a particular course or their placement numbers. Here is a list of some of the top universities in Ger- many a student can consider applying for an MBA program.
Although only a few are mentioned here, there are plenty of other options that also provide equally good education and faculty but that might just miss the numbers by a hair. A good research in the internet or a counselling session with an educational consultant could really help shed light on some unexplored but worthy options that can be considered to pursue.
1. Mannheim Business School
Mannheim Business School (University of Mannheim) is the top-ranked business school in Germany according to actively hiring MBA employers and management academics. This business school offers three international MBA programs which can be studied both full-time and part-time.
2. Otto Beisheim School of Management (WHU)
The programs are currently offered in partnership with Kellogg School of Management. The WHU Otto Beisheim School of Management presently offers one of the world’s most prestigious Executive MBA programs as well as full time MBA programs.
3. EBS Business School
EBS was founded in 1971 and is a part of a family of business schools in London, Madrid, Paris and Milan. This school teaches in predominantly small classes and also is only of only three business schools in Germany accredited by EQUIS.
4. Frankfurt School of Finance And Management
Frankfurt School of Finance and Management is a private non-profit business school that was founded in 1957. This school offers nine postgraduate programs and is located in Ostend, which is directly opposite to the new headquarters of the European Central Bank.
5. Leipzig Graduate School of Management (HHL)
HHL Leipzig Graduate School of Management was founded at the end of the 19th century. Since then, around 1,700 alumni of this small private institution, which consists of around 550 students, have launched a whopping 150 startups, thus creating around 3000 jobs.
What are the Pre Requirements of Studying MBA in Germany?
Each and every country has its own template of requirements that have to be fulfilled by local and international students. A student must have a bachelor’s degree with at least 60% proficiency overall.
As far as MBA is concerned in Germany or any other country in the world, work experience is sometimes a mandatory requirement and also sometimes a very beneficial requirement for the students themselves. Work experience not only teaches a student to hone their technical skills but also teaches them the dos and don’ts of adapting and sustaining in a professional environment.
This experience really helps the student and makes his/her life easier while pursuing the MBA by reminding or acquainting them with similar subjects or presentations or practical hands-on classes, and so on and so forth. German proficiency is something that really has to be taken seriously by students who really have the country as their target destination. This language is used by the students on a daily basis and also by huge employers at executive levels in the industry. Although most of the courses are taught in English, students must learn the native language which will make their life easier in several ways, both personally and professionally.