Do you want to know how much an MBA in Germany costs? And why would you get your Master of Business Administration there?
An article by Harvard Business School outlines that an MBA degree can accelerate your career growth. A recent study has found that after completing an MBA degree, the average degree holder gets 50% more salary than they used to.
But then again, why will you want to study MBA in Germany except for some other countries? By the end of the article, it would be clear why looking for a degree in Germany might be a better idea. We will also share essential things that are good to know before embarking on a journey to a foreign land.
Why studying an MBA degree in Germany is a better idea:
Germany is a leading economic powerhouse, and according to Investopedia, it is the world’s 4th largest country by GDP. It is located in the heartland of Europe, with a well-established connection to other countries. Every year Germany attracts a significant number of international students. And that is because of its research-oriented curriculum and for being a pioneer in science and technology.
Though Germany is famed for its bleeding-edge engineering, it offers excellent management degrees. Students can study a generic MBA or some career-driven MBA with majors in medical or healthcare management, supply chain, logistics, etc. That likely puts Germany as a study destination for the students.
Germany offers more affordable education than some other countries such as the U.S., U.K., Canada, etc.
According to Daad, “On average, an International student has 725 euros expenses per month. That includes rent, travel expenses, expenditures for food, clothing, learning materials, health insurance, telephone, Internet, radio and TV fees, and recreational activities”.
Depending on the University MBA course in Germany costs from small semester fees to affordable tuition fees, offering based on student’s needs. Furthermore, the universities in Germany rank high, which indeed assures a good education. Also, after the degree completion, Germany allows non-EU international students to stay 18 months in Germany and search for relevant jobs.
Which German Universities are offering MBA:
Finding a suitable university to study at is challenging, especially if you want to study Master’s in Business Administration.
Look at the school’s academic module and reputation above all else. Ask yourself whether this course is suitable for you.
Here is an incomplete list of well-known German universities that offer MBA courses:
- Frankfurt School of Finance & Management. In Frankfurt, this university was established in 1957. It offers a full-time, part-time MBA, Executive MBA, and MBA in International Healthcare Management.
- HHL Leipzig Graduate School of Management.Near Leipzig, this university claims to be the number one entrepreneurial university. The curriculum is geared toward startups and entrepreneurial pursuits.
- Mannheim Business School. An umbrella school of the University of Mannheim, Mannheim Business School is a young and vibrant institution that offers four MBA programs for the international student: Master of Business Administration both part-time and full-time, the Mannheim Executive MBA, the ESSEC & MANNHEIM Executive MBA, etc. It claims to be the number one global business school in Germany.
- Technische Universität München. Technische Universität München is one of the top European universities offering an Executive MBA in Management. In their own words, “this extra-occupational course is aimed at experienced managers and executives. It combines scientifically sound business management knowledge with practice-oriented teaching and offers the opportunity to further develop your leadership skills”.
- Hochschule für Wirtschaft und Recht Berlin (HWR) – Berlin School of Economics and Law, (BSEL has many courses with a focus on finance and management. Its MBA claims to be “developed for ambitious executives who are keen to address the challenges of responsible management in a global context.”
- University of Cologne Executive School. In Cologne, this business school has around 10000 students and 100 professors with an excellent teaching reputation. After establishment in 2015, the university “offers one English-taught MBA program and a variety of management training programs for individuals and companies. In addition, the Business School collaborates with national and international partners to deliver innovative programs geared to a target group ranging from young professionals to international executive managers.”
- RWTH Aachen University or Rheinisch-Westfälische Technische Hochschule Aachen. According to RWTH Aachen University, “it is a place where the future of our industrialised world is thought out. The University is proving to be a hotspot with increasing international recognition where innovative answers to global challenges are developed.”
There are many outstanding universities that also offer MBA courses in Germany not on this list. A great way to find them is to search on DAAD or go through universities’ web pages based on your needs.
What do you need to study MBA in Germany?
- You need a bachelor’s degree, which is comparable to a German bachelor’s degree in the same field.
- English proficiency records (Toefl/Ielts)
- Letter of recommendation
- Some universities ask for GRE/GMAT scores.
- Students need specific work experience for some courses, but these are fewer.
What are the application periods for an MBA degree in Germany?
Universities offering MBA in Germany take admission two times a year: these are the winter and the summer sessions. The application deadline for the winter session is July 15, while for the summer session, it’s January 15.
How long does it take to study for an MBA in Germany?
MBA duration in Germany differs from university to university. A full-time MBA or Executive MBA lasts between 1 and 2 years.
Getting your MBA in Germany can be the perfect career move. While education is better than almost everywhere else, it’s less expensive than in rival countries. With top-shelf education, a world-leading economy, and access to all of Europe, Germany is calling you to grow and build your career rooted in one of its outstanding universities.