Germany is one of the most common destinations for Indian students to study. The course that is recognized worldwide and is chosen by most of the students across the planet is MBA (Masters in Business Administration). According to a survey, Germany has world-class universities, work opportunities and excellent education system which is cheap and affordable for aspirants.
An MBA in Germany offers foreign students a great post-study pay. All courses in MBA are offered in English and are globally recognized and accepted. Germany has highly ranked colleges with the friendly atmosphere. There are many leading companies headquartered in Germany.
Some of the world class ranked MBA colleges are mentioned below:
There are different specializations offered by Business schools in Germany such as Information Management, Technology Management, Strategic Management, Entrepreneurial Management, Leadership, Global Management, International Healthcare, International Marketing, Innovation & Entrepreneurship, Finance, Marketing, Management, and HR.
There are different types of MBA program provided by Business colleges depending upon the work experience and duration of the course such as:
International students who plan to study MBA abroad has Germany as a viable option. The MBA program tuition fees in Germany is cheaper than the UK and USA. The living cost in Germany is cheaper than other countries in Europe. There are special discounts offered to students studying in Germany which makes the cost of living and cost of study more affordable for them.
The MBA colleges in Germany have renowned faculties and professors. The infrastructure, faculties, and facilities are excellent. They provide practical and theoretical knowledge as well. Apart from curriculum students have to do internships to gain work experience and monetary benefits while studying MBA in Germany. An internship helps students cover some extra expenses.
Foreign students who want to study MBA in Germany are given work permit up to 120 full days or 240 half days depending upon the session. The eligibility is that a student should be full-time learner in the university.
The duration of an MBA program depends upon the mode of a program as follow:
GMAT is one of the entrance tests to get admission in Master programs in Management. There are some B-schools that allow students to apply for the exam without GMAT scorecard. These types of schools give preference to the work experience gained.
Many multinational companies are headquartered in Germany which is why it is listed as one of the largest national economies among European countries. Also, German companies have their offices in other parts of the globe too. Students have an opportunity to come back to the home country and work for a German company there at same pay scale.
Germany, one of the best countries in the world when it comes to MBS salaries.
There are a plethora of scholarships available for MBA aspirants to study an MBA program in Germany. Some outstanding scholarships are offered to foreign students studying MBA in Germany. The scholarships are offered to the talented aspirants from around the world. Some of the B-Schools are mentioned below;
Learning the German language open some new doors for the students since it increases the possibility of getting a job after completion of the MBA course. Learning a new language always gives an edge to the career after getting added to the profile.
A multilingual is always given preference in the market today.
The MBA colleges in Germany are collaborated with many companies across the globe and in the nation as well, thus there is a higher rate of placement if compared with other countries. Germany is one of the best countries which help students to explore job opportunities after completing MBA there.
The education system in Germany is reformed and is associated with “Bologna Declaration”. The system is reformed to offer globally accepted Master and Bachelor degrees which increases the chances of global employment for their students.
There are many goals set for the Bologna Process and some of them are already being implemented and rest are yet to. Students are attracted to the flexibility of the education system in Germany. Highly affordable tuition fees and low living cost as compared to other European countries.
While recruiting new employees, the employer stresses on entrepreneurial skills.
In this MBA program, the school offering the program focuses on entrepreneurship which helps students to become better inventors, employers, investors and roles that spin the entrepreneurship world. This program gives entrepreneurial ideas to the business world even in the tough economic period.
An MBA in information management is for students planning to build a career in the managerial field. This program helps students experience in records management, data management, information management and knowledge management.
This program stresses on the international market of the business world. This prepare students to work globally and help them understand international companies in the global business world.
The program stresses on strategy planning and helps in understanding the organizational potential required for global operations.
Every organization needs a leader. A leader works on building a good team and upcoming results beneficial for the organization. This program is equipped to understand situations and apply the process of strategic thinking, critical analysis and collaboration to management opportunities and challenges.
Only account and math wizards can manage the Finance part of any organization. Undoubtedly, it is an integral part of organizations. An MBA in finance helps a student master accounting skill by acquiring knowledge that enhances their existing skill set.
The recruiter knows that candidate having the degree in MBA in finance is refined in knowledge and suitable for accounting field. Students are prepared for leadership roles in government, financial corporations, and healthcare industries. Students develop skills in various aspects such as managing portfolios developing business strategies and conducting the analysis.
An MBA in Marketing prepares students for a growing business of marketing, selling and developing products to various consumer markets. This program offers various courses in the brand, promotions, product management, marketing strategies and consumer behavior. It also includes finance, business strategies, and human resources.
MBA in Marketing gives an opportunity to the students to lead their way towards increased salary, career opportunities, and higher positions. This specialization in MBA trains students to develop various skills which can be transferred and applied to different areas of Business.
There are two types of Visas offered to students mentioned below:
This visa can be attained if a student has received the confirmation letter from the university basically an acceptance letter. This type of visa can be later changed to the student visa.
This visa can be attained after getting admission to a German university. Students will need to procure some documents listed below:
The most predominantly and official language of Germany is German. There are officially 24 different languages spoken in European countries. Frisian, Low German, Romany, Danish, and Sorbian are some of the minority languages spoken in Germany.
The most immigrant languages spoken in the nation are Russian, Polish, Turkish, Balkan and Kurdish. Learning basic German is a must for international students to communicate with local people and fellow students during the stay in the nation. The medium of MBA course is English in Germany but students will anyway have to learn German and local people will welcome with open arm.
Cost of living for a student in Germany is approximately €1000/month.
Apart from the tuition fees international students need to pay extra expenses for the living. It may vary from person to person depending upon different lifestyles. Living expenses depend upon the location of the university. If the university is in a small city then it will be cheaper than the university in the big city. There are some factors which help students to reckon the living cost in Germany.
One of the most important steps after securing a seat in a university is to find a place to stay. It is a student's choice to choose between university hostel or private apartments. If a student wants to rent a flat then he/she will have to find a place for oneself.
University provides rooms and dormitories to the students studying in Germany university. The hostel rooms are shared among 2-3 students depending upon the size of the room which costs 300 Euros (tax included). If a student is not willing to share the room then he will have to pay double of 300 Euros. Students are advised to share rooms since it makes living affordable and also gives a companion to share necessities which save money again.
There are some prime necessities for students living without a family. They need to shop for grocery and some other daily essentials which cost around 100 Euro per month. But again, if a room is shared then the cost reduces.
Eatables like fruits, vegetables, dairy items, bread are affordable. Fruits costs around 2 Euro and milk costs 0.69 Euro.
Students can cook on their own in order to save restaurant or cook expenses. It is better than spending on restaurant food since a student will not fall sick and it will not affect the attendance too. This way a student can make the life easy in Germany and can reduce the extra expenses.
A student would wish to enjoy social life during their stay in Germany. The cost of dining including a meal and wine will cost around 40 Euros.
For cheaper food, students can go to pubs and local restaurants which will cost around 10 Euros. Movies, theatres, and museums will cost you up to 10 Euros. There are special discounts for students at such places.
There is semester ticket provided by some universities to the students studying in Germany. It offers students to travel for free which again saves money of transport. It only costs 250 Euros in total for one semester.
The semester ticket is cheaper than a daily ticket. It is cheaper and convenient.
Every student needs to spend on grooming and clothing. Everyone has a different lifestyle and clothing needs. Money spent on them will vary depending upon the lifestyle.
The malls flaunting various malls offer special discounts for students studying in Germany. Students can check during sales. Thus, a student can enjoy the stay while studying in Germany at much lower prices if compared with other European countries.
MBA in Germany can cost Rs. 10 lacs per year to 35 lacs.