Germany as An MBA Destination

Published On: 31 Oct 2011

 | Last Updated On: 31 Oct 2011

Being ranked as the World’s 3rd largest economy, Germany is one of the world’s prominent industrial nations. Germany with a strong economy, a successful history in business and industry and a large population of over 82 million is not known worldwide for its B-schools and MBA programs. Though Germany is the largest country in Western Europe, not many German B schools are listed in the European school rankings. The idea of taking an MBA is at a very nascent stage in Germany and is gradually taking a grip. German recruiters perceived management PhD as a traditional German PG degree and this trend still continues in Germany due to its historical strength and importance of doctoral level education in Germany. But now the executives in Germany have started realizing the significance of MBA in getting good job opportunities and in response MBA market in Germany has seen a substantial growth in recent years.


MBA in Germany


There are at present more than one hundred full time and part time MBA programs offered by the German b-schools. In Germany, Executive MBA is more in demand as compared to the regular full time MBA program. As per the figures from World MBA Tour, the percentage of aspirants applying for Executive MBA in German B-schools is more than 34% against the 14% of potential applicants to b-schools all across the globe. German managers prefer part time or Executive MBA over full time MBA program because they do not want to quit their jobs for pursuing a management degree. Almost half of the MBA programs are taught in German language and another 1/3rd of the programs are taught in English language.


Full Time MBA programs  

 

  • GISMA
  • Leipzig Graduate School of Management (HHL)
  • University of Manheim
  • WHU Vallendar

Part time MBA programs

 

  • Frankfurt University’s Goethe Business School
  • GISMA
  • Leipzig Graduate School of Management (HHL)
  • University of Mannheim & ESSEC
  • RWTH Aachen
  • WHU Vallendar

top B-schools in Germany offering MBA programs


Some of the Research universities and universities of Applied Sciences offer MBA programs in Germany.

These academic institutes include:

 

  • University of Mannheim
  • Munich Business School
  • University of Leipzig
  • ESMT, European School of Management and Technology, Berlin
  • Hochschule Furtwangen University
  • Hochschule Bremen - International Graduate Center
  • Fachhochschule für Wirtschaft Berlin (FHW Berlin) • Berlin School of Economics
  • Stuttgart Institute of Management and Technology
  • Düsseldorf Business School GmbH an der Heinrich-Heine-Universität

Reasons for Germany not being preferred as an MBA destination


Germany fails to attract many foreign students for its MBA programs because of its accreditation process. At present Mannheim Business School is the only school to have received the triple accreditation.


It is not that the German B schools do not cater to the academic standards of international accrediting bodies such as EQUIS, AACSB, and AMBA, but the problem lies with the time taken by these bodies to accredit a course. These accrediting bodies take atleast 3 years to accredit a course and it can take a B school the same time to even be prepared to apply for accreditation. This lack of accreditation adversely affects the performance of management schools in the rankings. Moreover, it is essential to know German language as a foreign student cannot think of finding a job even after completing a management degree program if he doesn’t know German Language. German education system may prove helpful for those who seek employment and want to stay in Germany.


Despite of the slow start in terms of B schools, Germany is gradually finding its way and MBA recruiters have started taking a note of it. Germany is well known for its technological innovations, well organized education system and the quality of the faculty. Germany will be soon creating its place as an MBA destination because of the plenty of jobs that it holds for MBA students because of its export-oriented industries.









 

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