Why is Germany the perfect place to get your MBA degree?
There are several reasons why Germany is a paradise for prospective MBA students. Here are just some of these reasons:
Countless MBA degrees. The first advantageous trait about doing an MBA in Germany is that you have plenty of options. This variety will enable you to find something that will perfectly match with your academic interest and goals. You can check the degree program at the university’s website.
Affordable price. Traditionally MBA degrees are the most expensive ones and not many have the money to afford it. But this is not the case with German universities. Although such degree comes at a certain price it is much smaller than popular MBA degrees like those in MBA while it is equal by academic standards. Tuition fees at MBA german universities change largely as we’ll explain below, but on average you can expect to pay something between 4,000 and 10,000 for an academic year.
World class academic staff. The professors you’re taught from play a major role in your professional formation and German universities are aware of this fact. Thus, they’re home to world-class academics who are there to guide your way to becoming a successful manager and businessman.
Future prospects. Last but not least important. Being the fourth strongest economy in the world and the top one in Europe, according to the World Bank, Germany is a paradise for MBA graduates. All around the place there are internationally branded companies which are eager to hire young, motivated and well-educated individuals, ready to enter a challenging career in the business world. Once you get your degree you will have countless available options in front of you.
Criteria & Cost
- 15 Years of Education (3 years Bachelors is mandatory)
- IELTS is necessary with min 6.5 score
- GMAT not mandatory ( but if you have GMAT 600 marks better)
- SKYPE Interview (Motivation)
- 1 year stay back given for job search visa
- 2500 Euros per month salary while in Job
- 18 to 22 lakhs for 2 years
- 500 Euros to 600 Euros per month living + food cost
- Living cost close to 12 Lakhs for full course
How much does it cost to get an MBA degree in Germany?
Traditionally, MBA degree courses are the most expensive to attend and many students can’t afford it. Germany is not a major exemption to this rule, however, the cost of getting an MBA degree in Germany is more affordable than in popular countries like the UK, while at the same time is of a similar quality.
Since universities in Germany are allowed to charge students, whatever fees they decide to, the cost of an MBA degree in Germany varies largely. Typically, private universities charge higher tuition fees as they mostly rely on private funds, in contrast to public universities which accumulate huge funding from the government.
The bill for your MBA will also depend on what type of MBA course you’re choosing to attend. That said, the MBA Executive courses carry higher fees than Full-time MBA courses.
On average, tuition fees for Full-time MBA courses range from around €30,000 to €50,000, while for Executive MBA courses may amount to around €90,000.
If we compare the total cost of getting an MBA degree in the UK with that of Germany, it turns that an MBA degree in Germany will cost you by 15% less than in the UK, on average.