Master's in Management in Germany
Masters in Management(MIM) has a deep relation with the European continent. In the last few years the MiM degree — which was established in the Grande Ecoles of France and is typically taught in English — has undergone huge expansion in Germany, partly driven by the Bologna process to harmonize European higher education systems. Six of the Germany’s business schools are included in the FT’s ranking of the top 100 MiM programs globally, including the University of Mannheim and the Otto Beisheim School, which are in the top-20.
Germany is the world's third most popular destination for international students. Germany is an enticing place to study, and employers worldwide admire German university degrees. Normally, students at German universities do not have to pay tuition fees, and if so, the fees are very low. Its master program fee is not as high as in the United Kingdom in other countries.
Germany has the lowest birth rate in Europe and the oldest population, generating a talent crisis in the offing. This means that job prospects are particularly bright for students, considering that Germany is also Europe's largest economy and that many businesses are struggling to find sufficiently eligible candidates to fill their job vacancies.
It also suggests employers were heavily involved in the program design, tailoring it to the needs of the industry. German MiM systems have proliferated only in the last few decades, so the syllabus is important to the business environment of today.
Living in Germany
What is it like to study in Germany?
Students in Germany enjoy a range of social activities at their universities as well as around the cities. Take a train to Oktoberfest, find an art festival, or spend a day in one of Germany's many historic museums. Germany is also known for providing an exciting multicultural environment; you will be in classes with people from all over the world, and you will find that there are several languages spoken throughout the city in which you live.
Living costs in Germany
DAAD, the German Academic Exchange Service, has provided a breakdown of the living costs that students should expect when they study in Germany. Overall, you should prepare about 750- 1,100 EUR/month for living costs. To get the study visa, the students must secure a minimum amount of 10260 euros towards their living expeneses per year.
- Rent: 323 EUR
- Food: 168 EUR
- Clothing: 42 EUR
- Travel expenses (public): 94 EUR
- Health insurance and medical costs: 80 EUR
- Phone/internet fees: 31 EUR
- Course materials : 20 EUR
Because of its specific geographical position, Germany is right in the middle of several European countries, cultures, histories and traditions. The official language in Germany is, of course, German! Nevertheless, in some places you'll also find English, Dutch, French, Turkish, Romani, Danish, and Polish.
Student Visa for Germany
You need to apply for a student visa at least 3 months before you travel to Germany to study in Germany for more than 3 months. Once in the country, within two weeks of arrival, you will need to apply for a residence permit and register with the local registration office.
If you want to live in Germany after graduation, international students with a residence permit will be able to extend it to remain in Germany and seek work for up to 18 months after graduating, as long as the job is relevant to their field of study.
Upon two years of employment in Germany, permanent residency status can be applied for
Work while studying
Working with a student visa in Germany is legal, but students are restricted to how many days they can work while doing their MS in Germany. This is 120 full days each year or 240 half days Students from the EU can work for up to 20 hours per week without the need for a work permit.
Top MIM Institutions in Germany
In Germany, there are several academic institutions that offer students worldwide Masters in Management courses. The private university could adjust varied academic fees for degrees such as MIM, as the country's public universities offer courses at no tuition fees. Here's a table that lists some of Germany's big MIM universities:
- WHU — Otto Beisheim School of Management
- University of Mannheim Business School
- HHL Leipzig Graduate School of Management
- ESMT Berlin
- Frankfurt School of Finance and Management
- TUM School of Management