Why Study MBA in Germany?

• According to the Financial Times, in their European Business School Rankings 2021, eight German business schools rank among the Top 100 for their full-time MBA program.
• QS Global MBA Ranking (2021) has ranked five popular business schools in Germany. Four of the business schools are among the top 100 in the business schools of the world.
• The Association of German Chambers of Commerce & Industry has said that Germany requires close to 1.5 million skilled workers.
• MBA in Germany does not have to cost an arm and a leg because it is cheaper due to less tuition fee than in most European countries.
• MBA in Germany is mainly attractive because the Executive MBA profession is one of the best-paid jobs for both the alumni graduates from prestigious German universities.

From the above table it is quite obvious why students prefer doing an MBA in Germany, than in Australia, UK, Canada,

and the US You will be stunned to know that despite the pandemic, International Student Statistics in 2020 showed close to 70% international students preferring to do a job search in Germany.

Likewise, in 2019, close to 2,82,002 international students opted to pursue their higher education in Germany. More than 44,130 students choose to do MBA in Germany. With a low standard of living, cheap tuition fees, and robust job conditions, students choose Germany than most European countries.

Top 11 reasons to study MBA in Germany

1. Affordable MBA Tuition Fees

Pursuing an MBA in any country can burn a hole in your pocket. You would be shocked to know that the average cost of an MBA degree from any top 10 business school costs $61,487-$160,864.

Few students may ask, is an MBA is worth it? Besides, tuition fees for MBA courses and Executive MBA courses can cost around €30,000 to €50,000, and €90,000 respectively. An MBA in Germany is at least 15% cheaper.

2. MBA School Ranking and Academic staff

Students will be delighted to know that MBA school professors in Germany have exceptional educational backgrounds. They are renowned speakers as well and are known for their prolific knowledge in the subjects.

The need for skilled professionals

Market research has shown that the country will need more than 1.4 million skilled workers from international countries by 2025. The reason for that being sectors including medicine, engineering, and software are in dire need of professionals.

According to the Federal Employment Agency, they need 7 million workers by 2025. The EU Blue Card work permit has been released for non-EU nationals for becoming eligible to work. The worker needs to earn a minimum salary package of 46,400 euros or $54,522 to quality.

The work permit can be used for 4 years. Then you can make use of the permanent resident ship when their permit is getting over. As you can see, this is the right time for enrolling for an MBA in Germany.

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4. Part-Time Working and EU Blue Card work permit 

When compared to other European countries, part-time jobs pay well in Germany. A study done by Deutsches Studentenwerk found that close to 65% students earn more than $350/month through part-time jobs.

Besides, the new EU Blue Card Work permit is a demand-driven permit. The country wants to encourage professionals from non-EU countries as well. However, the permit can be lowered for professionals with proper certification in IT, medicine, Technology, and Mathematics.

That is because the market in these sectors is in need of skilled workers from non-EU countries.

Benefits of gaining an EU Blue card Work permit

• You can legally search for work in the Schengen area.
• You stand to gain permanent residence using the permit.
• You can mingle around with other citizens of the country.
• Your salary and working rights are notable increased to German nationals.
• You stand to receive unemployment benefits, if the need arises.
• You can provide family reunification using the permit.

You can read more about the Skilled Immigration Act that came into effect from 1 March 2020.

5. A favorable work-life balance

Probably, the main benefit of doing an MBA in Germany is an ideal work-life balance. As a student, you dream of having a good job and having your family living with you. Deutschland has one of the strongest work-life in the world.

That is because workers need to put in only 40 hours per week. Additionally, you are eligible for 30 days’ leave for Oboe. It comes as no surprise that Germany is one of the most desirable countries for starting families.

Both the parents are eligible for parental leave. The father and mother can separately take a limited time of 14 months until they are three years old. During parental leave, they are eligible for 2/3rd of their income.

Non-EU nationals feel at home thanks to the diversity of food and culture. Germans can communicate effectively in English as well as French.

1. Low Cost of living

Germany ranks among the cheapest countries to live in, with a salary of $90,000 annually. According to TopMBA.com Jobs & Salary Trends Report, it is among the top 20 countries for MBA graduates.

Besides, it ranks in the top 10 countries with the highest post-MBA salary. Unlike in America, where children’s education can drain your life savings, German tuition fees are much lesser.

The cost of living in Germany is meagre at $957 (853 euros) a month. This is according to data got 2020. The main expense would be rent; other than that, you can manage your food, clothing, and travel in Germany effortlessly.

The region where you plan on settling down in Germany will have a significant say in your monthly expenses. According to German market stats, the South region is quite expensive, with the Eastern side being the lowest.

The West and North areas of the country come in the medium range. Students might want to keep an eye on the city in which the university is located. When your university is close to major cities like Frankfurt, Hamburg, and Munich, expenses can escalate, especially rent.

However, when you choose smaller cities like Leipzig and Karlsruhe, your rents become lower, and you can save money. Hence, a suburb or small city might be appealing. You can commute easily to your university in their public transport, which is considered to be the best in the world.

Universities provide students with a semester ticket. You can travel using the S-Bahn (suburban train) and U-Bahn (underground train for free) using the ticket. If you do not have the ticket, you can purchase it from the transport office in the city.

7. Cost of Living Comparison

For the benefit of students planning on doing their MBA in Germany below is a list of cost of living comparison with different countries. The table is based on five parameters as per Numbeo.

1. Students receive a world-class degree: There is no denying in the fact that universities in Germany are second to none and in the QS ranking. It probably has to do with the fact that the education department in the country strives to implement a practical approach.
2. Varied education facilities: Germany is currently packed with more than 450 accredited universities by the state. Combined, they offer close to 17500 degrees and programs. As an international student, you can opt for a doctorate, master’s, or bachelor’s course.
3. English-speaking nation: Unlike most EU countries, International students can seamlessly communicate with Germans in English. It is the second-most common language spoken. Additionally, the degrees are taught in English as well.
4. A sizeable international community: The country has one of the largest diversified populations from many countries. One can find thousands of international students thronging the country each year. Besides, you can find several international groups in the country.

They have meetups, gatherings, and other fun activities throughout the whole year. As an international student, there is no reason you will ever feel lonely or homesick when doing your MBA in Germany.

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