Pursuing MBA from abroad has multiple benefits than just getting a degree. It offers you networking opportunities and a chance to explore different cultures and learn new languages. Also, it helps you to evolve as a better and more confident individual by learning to survive in a foreign land.
When it comes to studying in Europe, Germany is constantly gaining popularity among international students for professional courses such as MBA. As per the latest study by educations.com, Germany has been ranked #1 in the “List of top places in Europe to study abroad -2022”.
Let’s understand why Germany is an emerging destination among MBA aspirants.
Distinguishing Factors of MBA from Germany
- The course fee, which is the biggest concern for international candidates, is comparatively low than colleges of similar standards in other countries. Some public institutions also offer zero tuition fees for international candidates.
- Several notable scholarship schemes, such as the Central Sector Scheme of National Overseas Scholarship and Global Study Awards, etc., are available for international candidates interested in pursuing MBA from German schools.
- German Business Schools stand out in terms of world-class infrastructure, innovative and futuristic curriculum, and academic staff holding rich and international profile.
- Also, most of the full-time MBA programs in Germany can be completed within 12-15 months, a period which is generally 2-years in other counties. Hence you can start your professional journey much earlier here.
Future Prospects For MBA Graduates in Germany
Germany is the largest economy in Europe and the fifth-largest in the whole world, with one of the lowest unemployment rates(3.9% in 2020) in the European Union. It is home to many globally acclaimed companies, including Volkswagen, Siemens, Bosch, Allianz, Daimler, etc., generating plenty of employment opportunities for MBA graduates. Many candidates even secure a job during their internships and student consulting projects, which is a part of the MBA curriculum itself.
Eligibility Requirements for German Business Schools
Like other countries, Germany also has both public and private universities offering MBA programs. Since these universities are not regulated under a central body, they vary in terms of minimum eligibility and other requirements needed to pursue an MBA. Though you can check specific requirements on university websites, some general requirements that are more or less similar in these universities are as below:
- Undergrad Degree: The applicant must hold a bachelor’s degree (at par with a German bachelor’s degree) in specified subjects. Different universities may require a 3-year or a 4-year graduate degree, depending upon their criteria.
- Entrance Scores: You may need to submit a valid GMAT/GRE/TOEFL/IELTS score depending upon the requirements of the university. Some may ask you to submit a valid GMAT score, and others may also need a TOEFL score. Also, few may ask for both GMAT and TOEFL scores, or they may conduct a separate exam to judge your candidature.
- GPA: A good academic record is a must. The GPA score requirement can depend on the college you select.
- Work Experience: Some universities also require a minimum work experience of at least 3-5 years.
Apart from these requirements, you must have a valid passport, study visa, and letter of recommendation as required by the university to which you are applying.
The Top-5 Business Schools in Germany
Course: It offers 12-months full-time MBA, part-time MBA, and executive MBA programs.
Located in the financial hub of Europe, it offers an enriching learning environment and global exposure for career development and personal progress. The curriculum includes core modules, elective courses, and a thesis period.
Course: It offers a 12-months full-time MBA, part-time MBA, and executive MBA for senior executives.
It offers a general management program in all relevant disciplines with a wide range of electives. The course also covers a three-month Business Mater Project at the end of the program.
Course: It offers a 12-month full-time MBA, part-time MBA, and global MBA programs.
It offers a perfect mix of academic excellence and experiential learning through practice-oriented study methods and course delivery by outstanding faculty, practitioners, and business experts. Also, the class size is smaller with a focus on personal development.
Course: It offers a 15-month full-time MBA, Master in Management, global online MBA, part-time MBA, and executive MBA programs.
Situated in the heart of Germany’s capital, the program benefits from the booming entrepreneurial environment of Berlin. With its internationally acclaimed faculty from 17 different countries, the course has been developed with a global focus on innovative management, analytics, and technology.
Course: It offers a 15-21 months full-time MBA, part-time MBA, and executive MBA programs. Also, they offer full-time, and part-time master’s in management programs.
With its students coming from across the globe with varied backgrounds, you get to experience the diversity of cultures, languages, and sectors. The course equips you with all the traits needed to become a responsible and effective leader in international companies, consultancies, and innovative startups.
A Course That offers One of the Highest ROI
[READ: The ROI of MBA from the USA]
Compared to other countries such as the US, Canada, and the UK, the MBA program fee and cost of living are cheaper in Germany. Also, if you are open to learning new languages and working in a global environment, you can be assured of ample opportunities at the financial hub of Europe.
Lastly, being home to some of the leading car manufacturers such as Mercedes, BMW, Volkswagen, Germany can be an excellent destination if you are interested in the automotive sector.