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MBA in Germany for international students - YouTube
Channel: MBA Crystal Ball
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'Oktoberfest' is not the only thing in Germany
that attracts international visitors.
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Education is the other attraction, though
it doesn鈥檛 get as much media attention.
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In this video, we鈥檒l cover the reasons why
Germany is becoming a popular destination
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for international students, and the list of
the top business schools, their rankings,
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tuition and graduate salaries.
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We鈥檒l end the video with a word of caution.
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So watch till the end.
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Germany is a pioneer in technology, research,
and innovation.
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Its economy is the largest in Europe and 4th
in the world.
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It is far more stable than the American economy,
which though the biggest, suffers from volatile
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highs and lows.
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Germany is also home to some of the best universities
in the world, four of which are in the top
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100 and eleven in the top 200.
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The icing on the cake is that tuition is virtually
free in German public universities.
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Germany has over 300,000 international students.
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That鈥檚 over 11% of the total student population.
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It鈥檚 expected to cross 350,000 in a few
years.
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So, where does a German MBA feature in this
story?
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Even though Germany has not been traditionally
considered a top destination for MBA programs,
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it鈥檚 getting there gradually.
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Germany鈥檚 Mannheim Business School and ESMT
feature among the top 100 business schools
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in the Financial Times Global MBA Rankings.
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You鈥檒l find a few more in the top 250.
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Germany hasn鈥檛 played the MBA Rankings game
as effectively as many other countries.
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But there are other clear advantages of getting
a business degree in Germany.
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Let us look at some of the benefits of studying
in Germany.
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Germany needs more skilled professionals.
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There is a growing deficit in Germany鈥檚
labor force.
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With birth rates extremely low, Germany runs
the risk of losing out on highly skilled labor.
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That鈥檚 one of the top concerns to keep the
formidable economy afloat.
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According to estimates, there will be a shortage
of nearly 7 million workers in the labor force
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by 2025.
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To address the gap, Germany will need roughly
1.5 million experts from abroad.
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It鈥檚 a national priority for Germany to
attract and retain highly educated & skilled
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professionals.
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To that effect, Germany has begun an EU Blue
Card work permit.
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Germany offers a favorable work-life culture
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Besides opening up access to the rest of EU,
Germany also boasts of an extremely healthy
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work life balance.
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The labor laws are strong.
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On an average you can enjoy less than 40 hour
work weeks.
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And you鈥檒l get 30 days of leave to practice
your yoga in peace.
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And if that is not enough, Germany is also
ranked as a top country to raise a child.
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Parental leave, as they call it, is an entitled
period of time off from work for both parents
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until their child turns three.
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It totals 14 months and can be taken up by each
parent separately or jointly.
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Their jobs are protected and they also qualify
to receive up to two-thirds of their income
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in their time of absence!
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That is Germany鈥檚 generous way of throwing
new parents a baby shower.
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Most Germans speak in English quite fluently,
especially in the big cities.
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But there鈥檚 a catch and we鈥檒l come to
that soon.
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Germany features among the top 20 countries
in demand for MBA graduates, and among the
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top 10 countries with the highest post MBA
salaries.
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Given that German tuition fees are considerably
lower than the US, you may expect a fairly
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debt free existence.
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Property prices are reasonable and can offer
a very comfortable lifestyle to residents.
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Here鈥檚 a quick summary of the cost of living
in Germany for 2 popular cities.
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The rest of Germany is a slight variation
to these numbers.
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Crime is quite low and the Quality of Life
is very high.
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Let鈥檚 move on to the top MBA programs.
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Here's a list of the best B-Schools in Germany
for an MBA degree.
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Let鈥檚 look at the program duration and tuition
fees you can expect.
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And finally, here's a list of the best Executive
MBA programs in Germany
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With all the good things we鈥檝e talked about,
there are some challenges that international
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students should be prepared for.
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The two big ones being - language issues and
a cultural disconnect.
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Knowing German can improve your chances of
getting good jobs in Germany after your MBA.
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So, if you are seriously considering Germany
as your higher education destination, you
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may want to consider taking up German lessons.
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Before applying make sure you research each
program and how it fits with your requirements
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and career goals.
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We鈥檒l share some links in the description
below covering the application process as
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well as life as an international student in
Germany during and after the MBA.
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At MBA Crystal Ball, our admission consultants
have helped many applicants get into the top
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MBA programs in Germany.
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If you need professional help with your applications,
drop us an email.
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Good luck!
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