MBA in Germany – Benefits, duration, costs, salary, rankings

MBA in Germany – Benefits, duration, costs, salary, rankings

August 30, 2019 53 By Stanley Isaacs


‘Oktoberfest’ is not the only thing in Germany
that attracts international visitors. Education is the other attraction, though
it doesn’t get as much media attention. In this video, we’ll cover the reasons why
Germany is becoming a popular destination for international students, and the list of
the top business schools, their rankings, tuition and graduate salaries. We’ll end the video with a word of caution. So watch till the end. Germany is a pioneer in technology, research,
and innovation. Its economy is the largest in Europe and 4th
in the world. It is far more stable than the American economy,
which though the biggest, suffers from volatile highs and lows. Germany is also home to some of the best universities
in the world, four of which are in the top 100 and eleven in the top 200. The icing on the cake is that tuition is virtually
free in German public universities. Germany has over 300,000 international students. That’s over 11% of the total student population. It’s expected to cross 350,000 in a few
years. So, where does a German MBA feature in this
story? Even though Germany has not been traditionally
considered a top destination for MBA programs, it’s getting there gradually. Germany’s Mannheim Business School and ESMT
feature among the top 100 business schools in the Financial Times Global MBA Rankings. You’ll find a few more in the top 250. Germany hasn’t played the MBA Rankings game
as effectively as many other countries. But there are other clear advantages of getting
a business degree in Germany. Let us look at some of the benefits of studying
in Germany. Germany needs more skilled professionals. There is a growing deficit in Germany’s
labor force. With birth rates extremely low, Germany runs
the risk of losing out on highly skilled labor. That’s one of the top concerns to keep the
formidable economy afloat. According to estimates, there will be a shortage
of nearly 7 million workers in the labor force by 2025. To address the gap, Germany will need roughly
1.5 million experts from abroad. It’s a national priority for Germany to
attract and retain highly educated & skilled professionals. To that effect, Germany has begun an EU Blue
Card work permit. Germany offers a favorable work-life culture Besides opening up access to the rest of EU,
Germany also boasts of an extremely healthy work life balance. The labor laws are strong. On an average you can enjoy less than 40 hour
work weeks. And you’ll get 30 days of leave to practice
your yoga in peace. And if that is not enough, Germany is also
ranked as a top country to raise a child. Parental leave, as they call it, is an entitled
period of time off from work for both parents until their child turns three. It totals 14 months and can be taken up by each
parent separately or jointly. Their jobs are protected and they also qualify
to receive up to two-thirds of their income in their time of absence! That is Germany’s generous way of throwing
new parents a baby shower. Most Germans speak in English quite fluently,
especially in the big cities. But there’s a catch and we’ll come to
that soon. Germany features among the top 20 countries
in demand for MBA graduates, and among the top 10 countries with the highest post MBA
salaries. Given that German tuition fees are considerably
lower than the US, you may expect a fairly debt free existence. Property prices are reasonable and can offer
a very comfortable lifestyle to residents. Here’s a quick summary of the cost of living
in Germany for 2 popular cities. The rest of Germany is a slight variation
to these numbers. Crime is quite low and the Quality of Life
is very high. Let’s move on to the top MBA programs. Here’s a list of the best B-Schools in Germany
for an MBA degree. Let’s look at the program duration and tuition
fees you can expect. And finally, here’s a list of the best Executive
MBA programs in Germany With all the good things we’ve talked about,
there are some challenges that international students should be prepared for. The two big ones being – language issues and
a cultural disconnect. Knowing German can improve your chances of
getting good jobs in Germany after your MBA. So, if you are seriously considering Germany
as your higher education destination, you may want to consider taking up German lessons. Before applying make sure you research each
program and how it fits with your requirements and career goals. We’ll share some links in the description
below covering the application process as well as life as an international student in
Germany during and after the MBA. At MBA Crystal Ball, our admission consultants
have helped many applicants get into the top MBA programs in Germany. If you need professional help with your applications,
drop us an email. Good luck!