MBA in Germany
Why MBA from Germany?
In recent years number of Indian students in Germany has increased because of the excellent facilities provided by the German government. ‘Study in Germany’ seminars are conducted in India to woo Indian students to pursue higher education in Germany. Students get an excellent quality of educational amenities, research services, residence allowance, scholarships, etc. According to DAAD, both India and Germany are connected in the fields of information technology, life sciences, bio sciences, etc.
Most of the German universities charge no tuition fees and even those who do, charge a very minimal amount for both local and international students. Number of scholarships offered is on a rise. More than 1600 degree programmes are offered by German universities that are partly or entirely conducted in the English language.
Here are some of the benefits available for Indian students who want to pursue MBA in Germany:
- Indian students can support their education costs by doing part-time jobs on or off- campus, thereby earning some money.
- Students are allowed to work for 120 full days or 240 half days while pursuing their degrees.
- The living expense for Indian students is around €750-850 per month for apartment, food, travelling expense, semester fees, internet, telecommunication, etc.
- Most of the German universities do not charge any tuition fees.
- Germany provides chance to international students to settle in Germany. Students can extend their residence permit for up to 18 months after completing their studies to look for an appropriate job.
- Almost all MBA programmes in Germany make it compulsory for the students to do internships. Thus they get a golden chance to build their career in Germany in addition to some professional experience and monetary benefits.
- Germany needs highly skilled manpower for its growth, giving Indian students a good scope to settle in the country.
- Germany enacted the Blue Card legislation fully in April 2012. Indian students get the chance to take employment in any country in Europe.
Students taking admission in academic institutions of this country can look forward to a wide exposure to diverse culture and become friends with students from all over the world who come to study there. Students also get a global exposure.
Germany is well known for its teaching qualities and researches as a result of which many of the universities in Germany are amongst the world’s best ranking universities. Some of the top universities providing MBA in Germany are Mannheim Business School, WHU Otto Beisheim School of Management, EBS, HHL Leipzig Graduate School of Management, and Frankfurt School of Finance & Management etc. Business schools in Germany provide many streams for specialization in MBA programs.
Some of the specializations offered by German B-schools are as follows:
MBA in Entrepreneurship: MBA employers are increasingly placing their emphasis on the entrepreneurial talents while hiring new employees. In MBA program focus on entrepreneurship helps to prepare for being better employers, investors, inventors and other necessary roles that keep the world of entrepreneurship spinning. This gives better entrepreneurial ideas to the entrepreneurship world even in tough economic times. EU Business School, SRH Hochschule Berlin, etc. are some of the colleges offering MBA in entrepreneurship.
MBA in Finance: As finance is a basic need for any business, managing the financial business is also a must. As a result of this, a huge number of students prefer to do this specialization. MBA in Finance provides students and business with skills like corporate investment management, portfolio management, small business and corporate finance management, etc. EU business school, SIMT – Stuttgart Institute of Management and Technology, etc. are some of the universities providing MBA in finance.
MBA in Information Management: Information and its effective management are important to the success of business organizations and our knowledge-based society. The MBA in Information Management is suitable for those with managerial experience in data management, information management, records management or knowledge management.
MBA in Innovation: The future of business and technology is dependent on building and sustaining innovative and creative organizations. Primary challenges for innovation management are creating cost-effective, manufacturing, attractive designs, superior function and value. An innovative idea requires many minds and it is the central requirement for the world of business. So innovation management is on a rise nowadays.
MBA in International Management: International management basically deals with international business studies. This course develops students’ capabilities to succeed in a dynamic global business environment within international companies. This focuses on strategic planning and provides an in-depth understanding of the organizational capabilities required for international operations.
MBA in Leadership: Every institute requires a leader. A leader is responsible for a good team work and its upcoming results. Leadership program are equipped to view situations from a system-wide perspective and apply the processes of collaboration, strategic thinking and critical analysis to management challenges and opportunities.
MBA in Marketing: An MBA in marketing offers specialized education in consumer behavior, brand and product management, promotion management and selling strategies. Due to growing demands of products and services their marketing in proper manner is necessary.
Other MBA Specializations
System Technology, Accounting, Finance, Health Care, International Hospital & Healthcare Management, Global Management, Project Management, Technology Management, Human Resources Management, International Tourism Management, and International Business.
MBA’s have great career opportunity in Germany. Mannheim Business School has average MBA salary of $113,000 and WHU Otto Beisheim School of Management provides graduates with an impressive average salary of $99,000. Business Development Managers salary in Germany ranges from €39,169 – €79,593. Whereas salary ranges for Financial Analysts is from €40,308 – €58,958, for Project Manager, Information Technology (IT) is from €65,547 – €74,008, for Marketing Manager is from €35,375 – €66,129 on an average.