As a home of pioneering technology, Germany has been a global attraction for education and innovation for decades now. Due to the host of technology and automobile companies. It has been especially the education destination of choice for technology and engineering students and aspirants.
A study conducted by studying-in-germany.org showed that currently, approximately 400,000 internal students are studying in Germany. And most of them are interested in living and working in the country after graduation. Apart from the technology, though little unconventional, German business schools also offer world-class MBA programs in diverse disciplines.
An MBA in Germany offers various benefits such as:
Affordable education:
The affordability of education in the country is also one of the things working in favor of the country. Specifically, because tuition fees are often the biggest concern that discourages MBA aspirants from pursuing international education. But public education in Germany is provided free, top German MBA B-schools are privately owned and charge certain tuition fees. But, in comparison to the fees charged by UK or US business schools, German b-schools have a lower fee structure. For instance, if you study a full-time MBA program at the University of Oxford, it would cost you $85,000 approximately. However, an MBS at Frankfurt School of Finance & Management would only cost you $47,000.
English as the language of instruction:
As per Destatis data, social sciences and business-related programs are the most sought-after courses in the universities of Germany. Thus, to cater to the increasing number of international students, German universities have been increasing the number of postgraduate programs delivered in the English language.
Innovation-driven curriculum:
The curriculum for the MBA program in German universities is continually revised, focusing on building leadership and research innovation. This will help you stay up-to-date with the ever-evolving business world. For instance, the Frankfurt School’s full-time MB program includes an Individual Research Project. It requires the student to study a real-life business problem with the support of a business corporation. In addition, the MBA program also offers support from a professional team of career advisors through coaching sessions, events, and regular workshops.
Scholarship opportunities:
Though an MBA in Germany is affordable compared to other global MBA programs, there are many financing options available for students of German Universities. Every year, the Government of Germany grants thousands of scholarships — a percentage of which also goes to outstanding international students. Apart from government scholarships, international students can also leverage personal scholarship schemes. Additionally, companies also scan for talented students to make attractive job offers, which also includes paying for their MBA program.
Employment after graduation:
As German MBA colleges are research-oriented. They build and nurture skills that are highly in demand in the job market currently. Germany is also headquarters for globally renowned automotive companies. And has a substantial business presence of other large multi-national corporations, providing you ample high-quality employment opportunities. The cherry on the cake is that Germany is also one of the easiest countries to secure a work visa.
Here are the top business schools of Germany you aspire to get an admission:
ESMT Berlin:
ESMT Berlin is one of the top 100 MBA colleges in the Financial Times’ Global MBA Rankings. And Bloomberg Businessweek’s Best International Business Schools. This B-school is triple accredited— AACSB, AMBA and EQUIS. It offers full-time one-year MBA with two specialization options — Global Sustainable Business, and Managing Innovation and Technology.
Ranking: #70 in FT Global and #16 in FT Euro
Average Post MBA Salary: $108,360
Duration: 12 months
Tuition: $51,000
Frankfurt School of Finance & Management:
Frankfurt School should be on the top of your list. If you are looking to pursue best-in-class MBA with finance specialization. After graduation, Frankfurt school’s students can secure job in the finance and consulting sector. The highlight of the program is that it also offers a parallel German language course. Which will help you make seamless transition into the job market in the country you’re your graduation.
Ranking: #60 in FT Euro
Average Post MBA Salary: $100,000
Full-time MBA Duration: 12 months
Tuition: $38,780
Mannheim Business School (MBS):
A triple accredited school by AACSB, AMBA and EQUIS, Mannheim Business School is in the Financial Times’ Global MBA Ranking. Also, One of the best qualities of the MBA program is that it prepares you to work at different international locations. Like Europe, Asia, and North America.
Ranking: #54 in FT Global and #18 in FT Euro
Average Post MBA Salary: $113,829
Full-time MBA Duration: 12 months with an optional international track
Tuition: $42,300
WHU – Otto Beisheim Graduate School of Management
Ranked in the top 100 Business Schools in the Economist’s Full-Time MBA Rankings for 2016. Also, the school has two locations: Vallendar and Düsseldorf. And, With a great track record of providing graduate placements in the Manufacturing sector. The graduates passing out this school get up to 89% increase on pre-MBA salaries.
Ranking: #37 in FT Euro
Average Post MBA Salary: $98,861
Full-time MBA Duration: 12 months
Tuition: $43,360
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