MASTERS IN MANAGEMENT IN GERMANY
A strong business ‘s run time and profits are proportional to the metal and caliber of the individuals that lead and make the decisions of the company. A company led by professionals with sharp management and leading skills will do well in the long run, as the others around them perish.
Masters in Management is a higher degree course designed to teach students the skills necessary to manage a business. It is a very popular course as every company requires managerial staff, irrespective of the sector they conduct business in. Even though Masters in Management is a well-reputed course, the appreciation of it will increase ten-fold if pursued from a prestigious university in a well-developed country.
Germany is currently considered as one of the countries that have been able to create and follow a well-developed education system which is heavily funded by the state. Following is an overview of the Master in Management in Germany and how can pursue this course.
What is the Masters in Management?
It has been said that leaders are created, not born. Even Alexander the Great, one of the greatest generals and tacticians, had to study under the greatest mind of his time, Aristotle. Modern-day Alexanders, who plan on leading and conquering the business world, need a course which teaches them these skills. Masters in Management fulfills this goal.
Masters in Management is a postgraduate course available to students who have completed minimum 3-year graduation in a field of their choosing. Though it is primarily a study of business, students from various education backgrounds apply for it. The course curriculum primarily focuses on managerial science and teaches a basic and advanced version of subjects like accounting, finance, supply chain management, human resources, international business and so on.
The course duration varies depending on the university and the type of the course. Some universities take 12-18 months whereas others take 24 months for a full-time student. If you have applied for part-time or an executive type course, the time period increases.
Following is the standard eligibility criteria for graduate students looking to apply for Masters in Management course
- 16 years of education from a recognized higher secondary board
- 3 years (minimum) graduation in any field of education
- Acceptable score in a standardized test like GMAT or GRE
- English proficiency exams like IELTS or TOEFLSome schools require a few years of work experience at the time of admission.
Benefits of Studying Masters in Management in Germany
Germany is a country which is well known for its education system and has been a hub for international students for many years now. However, there are many other benefits of studying in Germany which provides a wholesome experience to the students visiting.
- Germany has been able to establish itself as one of the forerunning European countries with a large number of international students. This has been achieved due to the education system followed in Germany. It is a strong build of traditional teachings with evolved methods. The system lets children learn, not just for the purpose of clearing exams, but to build well-developed professionals.
- The German government believes that high-class education should not be a privileged commodity, rather a right which must be available to all. This is why most of the German universities are public and hence are funded by the government. The tuition in these universities are practically nothing and the quality of education provided here matches any ivy league school there is.
- Professionals are evaluated based on the level of education that they have achieved, represented by their degrees. The value of the degree is dependent on the awarding board or authority. If studying in Germany, one is in luck, as the universities and boards established in Germany are well recognized as one of the elites in the world.
- Many would be skeptical about studying in a foreign nation, especially if the national language isn’t a common one. Germany, for the ease of international students, has established many English learning programs that they can apply for without worrying about the language gap. Alternatively, German is one of the most popular languages spoken in the world. Learning it will add onto your resume and even come handy if you plan on pursuing a carer in the country after graduating.
- Though tuition is low in Germany, there still are other expenditures one must meet. Living costs in Germany, though manageable, can leave a hole in the pocket. It always to have an extra form of income. International students in Germany can get jobs using their student permits. Though the work hours are limited, it can still be a lot of help. It is not necessary to learn German to get a job, but having some German skills can increase your chances of getting hired.
Student Visa Policy
The German government has created a fairly simple process for students to travel to their country and pursue higher education. In order to apply for a study visa, students need to first be accepted by a university in Germany. Once an acceptance letter, or something equivalent, has been received by the student they are now eligible to apply for a student visa permit.
A student visa is required for any of the following study types
- Full-time academic studies – a standard university course which on an average, spans about 3 years
- German language course (for study purpose)
- Studienkolleg – course attended by students who do not hold a school-leaving certificate from a recognized board
- Propaedeutic course
- Mandatory preliminary internshipIt is important to note that students who belong to the European Union do not require to apply for a student visa.
There are different types of student visa that you can apply for depending on your purpose or current admission status
- Language Course visa – applicable to students visiting Germany in order to complete a language course for a time period of 3-12 months.
- Student Applicant Visa – applicable to students planning to study in Germany, but looking for the right course or waiting for admission confirmation from the applied university.
- Student Visa – a standard study permit, applicable to students already admitted to a university in GermanyHaving decided on the visa type, the following documents need to be submitted with your visa form
- Valid passport
- The previous Passport, if applicable
- 2 recent portrait photographs
- Proof of admission
- Authentic certificates of previous education
- Means of sustenance proof
- Health insurance
- Motivational letter, with reason to study in Germany and future career plans
- Proof of visa fees payment
- Proof of German language proficiency (for German-only and mixed language studies)
- Proof of English language proficiency (TOEFL, IELTS, etc.)Holders of student have the following privileges
- They can live in Germany and pursue a course in the local college or university
- They are eligible to ask for an extension of their stay in Germany in case the course takes longer to complete
- The students are allowed to work part-time for 120 working days/yearThey can apply for a residence permit if they plan on working in Germany after graduating
Working after Graduating from MiM
Germany has a very rich job market, especially for students of Masters in Management. They are very welcoming to international students seeking work in their country, and this is evident from their easy transition methods from student visa to the EU Blue Card. In order to work in Germany as an international student, you must have
- a valid passport
- proof of graduation from a university in Germany
- proof of Health Insurance
- proof of sustenanceall these documentations can help you in extending your residence permit to 18 months while you look for a job relating to your education. The 18 months begin from the day your final results are announced; hence it is advisable to start applying for work during the final semester. As you are allowed limited work time with your student visa, one must utilize it to build work experience and learn the local language.
Top Universities for Masters in Management in Germany
Germany is home to many well-established schools, which have been around for more than half a century. These institutes are recognized all over the world and some of the best of these are mentioned below
1.Frankfurt School of Finance and Management
2.Leipzig Graduate School of Management
3.WHU Otto Beisheim School of Management
4.Universitat Mannheim Business School
5.Berlin School of Economics
6.European School of Management and Technology
8.Technische Universitat Munchen
9.Goethe University, Frankfurt
10.International School of Management Frankfurt
Following is an overview of some of the above-mentioned schools
Frankfurt School of Finance and Management
Frankfurt School of Finance and Management was established in 1957 in Frankfurt, Germany and today are home 40,000 students which include bachelors, masters and doctoral programs. The school has been ranked as one of the best in the world with one of the highest research outputs.
Leipzig Graduate School of Management
The school situated in Saxony, Germany was founded in 1898, making it the oldest business school to exist in the world. Their course load involves post-graduate and doctoral courses. The school force is small with only 60 academic staff members and 650 post-graduate students. Despite their small size, they have been able to make it in the top of most ranking lists in the business school category.
WHU Otto Beishiem School of Management
Otto Beishiem School of Management is one of the most elite schools and considered a very selective business school when it comes to their admission process. The school is fairly young, established in 1984, but it has been able to cement a name for itself in the list of top business schools. The Otto Beishiem in its name comes from the founder of METRO Cash and Carry Group.
When it comes to education, the institution you choose to attend is just as important as the degree you plan to pursue. Germany has become one of the countries in the world which attracts students from everywhere for Masters in management, which can be attributed to their simple visa laws, high-class education systems, a diverse population, and work opportunities. It would make a great travel destination for students looking to gain knowledge and experience a new country and culture.