Business schools in Germany are thriving like never before, resulting in an increase in interest of overseas students to pursue MBA programs in Germany. Another factor that is luring overseas students to Germany is its booming job market and flourishing entrepreneurship.
Full-time MBA applications in German Business Schools have recorded an increase of 50% in 2018 compared to 2017. The executive MBA program in Berlin saw an increase of 30% in 2018 as compared to 2017. Germany boasts of more than 476 MBA programs, and all these programs have apparently seen growth in overseas applicants along with considerable growth in domestic candidates. Also, several business schools in Germany are accredited from the AACSB, EQUIS or AMBA awarding bodies, thus empowering the status of Germany when it comes to Business School at par with global standards.
Factors like uncertainty surrounding Brexit and administration protectionism by Donald Trump have benefited German Business Schools.
Experts suggest that these two events are great opportunities for Germany to focus on luring overseas students.
Other important factors influencing the growth of overseas applicants are growing job opportunities, resourceful playground for startups and strengthening the economy of Germany.
Securing a German Study Visa is quite simple and facilitates students to even work part-time along with their studies. Besides, on completion of the MBA, students who do not belong to the European Union get an eighteen-month job-seekers visa. Once the candidate secures a job, they are allowed to work indefinitely in Germany.
If students apply for study visa on time along with all the necessary documents and are accepted at ESMT, there is likely no chance of getting rejected. Also, the cost of living in Germany and the tuition fees in German colleges are less compared to other countries in Western Europe; thus, benefitting overseas students.
For students to fit in German culture or opting for any customer-facing roles it is important to have knowledge of German language. However, learning German is not mandatory as large international businesses such as technology companies and corporate houses function in the English language.
Germany is interested in welcoming overseas students and has flexible job policies for them because there is a talent shortage in Germany. Talent shortage here means a shortage of trained individuals for various jobs. A major reason behind this shortage is the country’s low birth rate and aging population. As Germany is committed to delivering quality education along with good job opportunities, it is the right time for aspirants looking for overseas MBA to apply in German Business Schools.