

High Paying Degrees in Germany | |
Degrees in Germany | Annual salary in USD |
Executive MBA | $131,000 |
Master’s in finance | $130,000 |
MBA | $125,000 |
Master’s in management | $123,000 |
Doctorate | $120,000 |
BBA | $119,000 |
From the above table it is quite obvious why students prefer doing an MBA in Germany, than in Australia, UK, Canada,
and the US You will be stunned to know that despite the pandemic, International Student Statistics in 2020 showed close to 70% international students preferring to do a job search in Germany.
Likewise, in 2019, close to 2,82,002 international students opted to pursue their higher education in Germany. More than 44,130 students choose to do MBA in Germany. With a low standard of living, cheap tuition fees, and robust job conditions, students choose Germany than most European countries.
Pursuing an MBA in any country can burn a hole in your pocket. You would be shocked to know that the average cost of an MBA degree from any top 10 business school costs $61,487-$160,864.
Few students may ask, is an MBA is worth it? Besides, tuition fees for MBA courses and Executive MBA courses can cost around €30,000 to €50,000, and €90,000 respectively. An MBA in Germany is at least 15% cheaper.
Students will be delighted to know that MBA school professors in Germany have exceptional educational backgrounds. They are renowned speakers as well and are known for their prolific knowledge in the subjects.
Market research has shown that the country will need more than 1.4 million skilled workers from international countries by 2025. The reason for that being sectors including medicine, engineering, and software are in dire need of professionals.
According to the Federal Employment Agency, they need 7 million workers by 2025. The EU Blue Card work permit has been released for non-EU nationals for becoming eligible to work. The worker needs to earn a minimum salary package of 46,400 euros or $54,522 to quality.
The work permit can be used for 4 years. Then you can make use of the permanent resident ship when their permit is getting over. As you can see, this is the right time for enrolling for an MBA in Germany.
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When compared to other European countries, part-time jobs pay well in Germany. A study done by Deutsches Studentenwerk found that close to 65% students earn more than $350/month through part-time jobs.
Besides, the new EU Blue Card Work permit is a demand-driven permit. The country wants to encourage professionals from non-EU countries as well. However, the permit can be lowered for professionals with proper certification in IT, medicine, Technology, and Mathematics.
That is because the market in these sectors is in need of skilled workers from non-EU countries.
You can read more about the Skilled Immigration Act that came into effect from 1 March 2020.
Probably, the main benefit of doing an MBA in Germany is an ideal work-life balance. As a student, you dream of having a good job and having your family living with you. Deutschland has one of the strongest work-life in the world.
That is because workers need to put in only 40 hours per week. Additionally, you are eligible for 30 days’ leave for Oboe. It comes as no surprise that Germany is one of the most desirable countries for starting families.
Both the parents are eligible for parental leave. The father and mother can separately take a limited time of 14 months until they are three years old. During parental leave, they are eligible for 2/3rd of their income.
Non-EU nationals feel at home thanks to the diversity of food and culture. Germans can communicate effectively in English as well as French.
Germany ranks among the cheapest countries to live in, with a salary of $90,000 annually. According to TopMBA.com Jobs & Salary Trends Report, it is among the top 20 countries for MBA graduates.
Besides, it ranks in the top 10 countries with the highest post-MBA salary. Unlike in America, where children’s education can drain your life savings, German tuition fees are much lesser.
The cost of living in Germany is meagre at $957 (853 euros) a month. This is according to data got 2020. The main expense would be rent; other than that, you can manage your food, clothing, and travel in Germany effortlessly.
The region where you plan on settling down in Germany will have a significant say in your monthly expenses. According to German market stats, the South region is quite expensive, with the Eastern side being the lowest.
The West and North areas of the country come in the medium range. Students might want to keep an eye on the city in which the university is located. When your university is close to major cities like Frankfurt, Hamburg, and Munich, expenses can escalate, especially rent.
However, when you choose smaller cities like Leipzig and Karlsruhe, your rents become lower, and you can save money. Hence, a suburb or small city might be appealing. You can commute easily to your university in their public transport, which is considered to be the best in the world.
Universities provide students with a semester ticket. You can travel using the S-Bahn (suburban train) and U-Bahn (underground train for free) using the ticket. If you do not have the ticket, you can purchase it from the transport office in the city.
For the benefit of students planning on doing their MBA in Germany below is a list of cost of living comparison with different countries. The table is based on five parameters as per Numbeo.
Cost of living comparison with Germany | |||||
Indices of difference | Rent | Restaurant | Groceries | Local purchasing power | Consumer prices |
UK | 5.86% | 13.15% | 0.97% | 9.98% | 1.12% |
United States | 41.40% | 7.59% | 31.28% | 11.20% | 3.85% |
Australia | 25.51% | 11.69% | 37.91% | 6.68% | 12.29% |
Canada | 6.46% | 6.17% | 21.93% | 13.24% | 3.43% |
India | 80.42% | 74.12% | 53.32% | 48.51% | 65.20% |
New Zealand | 11.41% | 0.95% | 21.23% | 11.10% | 2.69% |
They have meetups, gatherings, and other fun activities throughout the whole year. As an international student, there is no reason you will ever feel lonely or homesick when doing your MBA in Germany.
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