MBA in Germany

 MBA in Germany

Germany’s management degree, which has gained popularity over the past ten years, has raised interest in studying there. In Germany, getting an MBA guarantees you a promising future in a prestigious company. German MBA programmes that cater to numerous business and management fields have been specifically intended to broaden the scope of traditional management degrees. Students seeking higher education abroad most frequently choose to study in Germany. Germany’s economy is one of the strongest in the world and accounts for a large portion of the global economy. The main justification for why students favour studying in Germany is this.

The nation is home to renowned universities, some of which are centuries old. German universities consistently rank among the best in the world, and some are even the most well regarded for degrees in business and engineering. This makes it a popular place to study in Germany and pursue a management career. The best MBA in Germany, according to institutions like Manheim’s Business School and ESMT.

The top universities in Germany have strong connections with the best businesses all over the world because of their knowledgeable faculty. This is the rationale behind the strong recommendation for Indian students to do an MBA in Germany.In Germany, there are many MBA programmes available in a variety of disciplines, including marketing, finance, entrepreneurial management, and human resources.

Eligibility Criteria

There are two different sorts of universities in Germany: public and private. The requirements for an MBA in Germany vary depending on the university. In contrast to many other nations where previous work experience is a requirement for an MBA degree, it is feasible to obtain an MBA in Germany without having any prior work experience. The MBA requirements in Germany are fairly diverse because there is no centralized organization that controls German universities.

However, the following are the general requirements for getting an MBA in Germany

1) A bachelor’s degree in relevant topics that is comparable to a German bachelor’s degree; it may be a 4-year degree or a 3-year degree combined with a 1-year master’s degree. A 3-year bachelor’s degree is also rarely accepted by universities in Germany for MBA programmes.

2) A valid GMAT, GRE, IELTS, or TOEFL score The results of the various exams are accepted by all universities. It is feasible to apply for an MBA in Germany without the GMAT because the majority of German colleges just demand a good TOEFL score.

3) Basic proficiency in the German language. Few universities demand a particular level of German language ability to be cleared, despite the fact that the majority of universities offer MBA programmes in Germany in English.

4) For Indian students, a strong academic record might be defined as an average academic score of at least 60%.

5) Few institutes might conduct an entrance exam for determining the candidature to pursue an MBA program in Germany.

These are a few requirements for students looking to apply for an MBA in Germany. Since different universities and programmes require different criteria to be satisfied, it is impossible to develop a set of guidelines that can be used to determine whether an applicant is eligible for an MBA in Germany.

The Executive MBA, which is offered for seasoned executives in Germany, is yet another flexible and well-liked programme. This MBA requires at least two years of prior work experience and is typically sponsored by employers.

A Master of Science is a great choice of higher education degree in Germany because it allows you to study a wide range of courses.

Public Universities in Germany for MBA

These are the top 5 recommended MBA colleges in Germany for Indian students due to their no-tuition fee structure.

1.     University of Mannheim Business School

2.     University of Cologne

3.     Technical University of Munich

4.     Ludwig Maximilian University Munich

5.     RWTH Aachen University

There is a number of universities in Germany for an MBA that tops the list of the total colleges for MBA.

Best MBA Colleges in Germany- Private

Here’s a list of top MBA colleges in Germany for Indian students who are looking for private institutes:

1.     European School of Management and Technology

2.     HHL Leipzig Graduate School of Management

3.     GISMA School of Business

4.     BSBI – Berlin School of Business and Innovation

5.     WHU-Otto Beisheim School of Management

MBA Colleges in Germany without work Experience

Prior experience is a bonus for getting an MBA in Germany, as described in the eligibility section. Nevertheless, there aren’t many MBA programmes in Germany that accept applicants without work experience.

The following are the top 5 German colleges that don’t need work experience for MBA

1.     Technical University of Munich

2.     Ludwig Maximilian University Munich

3.     University of Kiel

4.     University of Tubingen

5.     University of Ulm

Applying for MBA in Germany

·        GMAT/ Test Score

·        English proficiency record with scores of TOEFL/IELTS depending on the which the institute demands

·        Mark-sheet/ Score card for bachelor’s degree

·        Copy of Passport

·        Letter of Recommendation (minimum two)

·        Statement of Purpose/Letter of Motivation/Essay

·        CV/Resume

·        Submit your individual application form for the institute along with copies of these documents to apply for a MBA course in Germany.

Cost of MBA in Germany

The cost of an MBA in Germany is lower than elsewhere. The cost of an MBA in Germany for Indian students is fairly reasonable because of its generous educational system and opportunities for students to work while they are studying. By submitting a scholarship application or finding employment while studying in Germany, students can further reduce the cost of an MBA in Germany. German self-funded colleges that provide top-notch MBA programmes charge particular tuition rates. As of 2018, the fees typically range from 15,000 to 30,000 euros. Each university has a different set of fees. Students who attend public colleges that do not charge tuition simply have to pay a semester fee of between 250 to 500 euros each semester.

Germany’s public universities charge no tuition. This proves that international students can receive a free MBA in Germany. Just lodging and food expenses must be covered by students. Germany’s public universities in a few states reinstated tuition charges for non-EU students in 2017. For Indian students attending private institutions, an MBA in Germany costs about $25 lakh (in INR, as of 2018).

Scholarship for MBA

The list of scholarships that are available for Indian students who desire to pursue an MBA in Germany is provided on the DAAD website.

Here are a handful of the noteworthy MBA scholarships available in Germany

1.     Central Sector Scheme of National Overseas Scholarship: Awarded by Ministry of Social Justice & Empowerment, Government of India for 100 Indian students per year with a maximum scholarship of around USD 33K.

2.     Global Study Awards: Awarded by Study Portals, ISIC and British Council

Famous MBA verticals taught in of German colleges 

·        Engineering Management (MBA)

·        Executive MBA

·        Executive MBA Compliance & Corporate Governance

·        Executive MBA in Business & IT

·        Executive MBA in Innovation and Business Creation

·        International Management (MBA)

·        Leadership & supply chain management (MBA)

(Source: https://www.yesgermany.com)