Master’s in Business Administration (MBA) is one of the most sought-after graduate programs in the world.
A significant number of students and seasoned professionals consider pursuing an MBA at some point in their lives to jump up the corporate ladder, start their own business or pursue a totally different career.
In fact, the 2018 Global Employer Survey conducted by QS Top Universities also suggests that business and management rank among the top 5 highly preferred disciplines, even among recruiters. After all, an MBA degree empowers students with an array of skill sets essential for effective managerial and strategic decision making.
Most universities across the globe offer MBA courses with distinct specializations that help students catapult their careers to the next level. However, only a few countries manage to provide the ideal learning environment.
There are several reasons why Germany is considered a haven for potential MBA students. Below are just 5 of the many reasons why students choose to pursue their MBA in Germany.
1. Endless Options
If you’re rooting for an MBA in Germany, you’ll be happy to know that Germany offers plenty of options in terms of MBA specializations. The assortment of specializations offered in this country will help you find something that is a perfect mix of your academical qualification, interests and career goals.
2. High-Quality Education
Germany is home to some of the world’s best academicians, who realize that their way of learning and pedagogical expertise plays a crucial role in shaping the careers of business professionals. Moreover, advanced learning technologies add to the high education quality.
3. Affordable Tuition Fees
Usually, MBA degrees cost a bomb, and few students or professionals can afford them. However, this is not the case as far as German universities are concerned. Most German universities charge fees that are relatively less compared to their counterparts in the United States, Canada and Europe. To make things even better, international students also have opportunities to work part-time or opt for scholarship programs offered by the university.
4. Attractive Future Prospects
Germany is a paradise for MBA grads. It is the fourth largest economy in Europe, which means that multinational companies eager to hire young graduates are spread across the country. Companies in Germany offer fresh MBA graduates an average salary of US$78,000, while multinational employers based in Germany offer an average of US$83,500.
5. Post-Study Residence Permit
While EU residents do not require any permit, students from outside the EU need to apply for a residence permit on completion of their chosen program from a German university. The immigration laws permit students from non-EU countries to apply for an 18-month residence permit to search for jobs in Germany that fit their educational qualifications. However, unlike some countries, this residence permit is not combined with the student visa for Germany. After the completion of your studies, you will need to apply for this document through the local foreign nationals’ registration office.
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