Study MBA in Banking in Germany
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MBA in Banking in Germany offers students a wide range of job sectors like the finance industry and business industry. Students learn about the organization’s finance sections and the challenges of the economy at large due to financial management at firms and institutions. The coursework teaches students about the analytical foundations and tools that are necessary to deal with important practical uses in a finance-oriented career. Students develop entepreunial skills and develop a critical problem-solving mindset. If you are looking for positions in the fields of corporate finance, investment management, or banking, this is a great course to opt for. MBA in Banking in Germany is suggested for students who are looking into the finance and business sectors. Those who are interested in private wealth management, international banking and finance, and private equity can take this course. If you are looking to get admission to MBA in Banking in Germany, the following article can be of much help:
Here's a crux of all you need to know about MBA in Banking in Germany:
| Name of the Program | MBA in Banking |
| Intakes | 2 (Summer and Winter) |
| Duration of the Program | 1 - 2 years |
| Language of Instruction | English |
| Cost of the Program | 10,000 EUR - 30,000 EUR |
| Work Experience Required | Min. 1 year |
| GMAT/GRE Requirement | Varies with University |
| English Proficiency | TOEFL or IELTS |
| German Proficiency | Recommended |
| Cost of Living in Germany | 700 EUR - 1700 EUR |
| Interview Time | 30 - 60 minutes (if applicable) |
Germany is one of the countries in the world that has some of the most prestigious institutions in the world, ranking among the top. These institutions offer a plethora of benefits to their students looking to pursue education in their choice of fields.
Here are some of the top reasons why Germany attracts a significant student crowd every year:
Unique Programs: Germany has multiple institutions that offer amazing courses in multiple subjects. These unique programs provide an opportunity for students to pursue a course of their choice.
Stability: Apart from economic stability for a flourishing job market, Germany is also politically stable. This makes the country safe for overseas students who come here for an education.
Low Cost of Living: Germany is one of the most affordable countries among all European countries. This is attributed to the fact that students can live well within an 800 EUR budget in Germany while pursuing their course.
Low Tuition Fees: Public Universities allow students to study free in Germany. This is highly attractive for international students who come far away to the country to get a degree.
Financial Assistance: Apart from good education, German universities provide students with multiple scholarship programs, aid, and grants that they can avail to lessen their financial burden. These scholarship programs either cover the entire or partial tuition fee from the course.
Exemplary Education Standards: German universities are known to offer quality education to their students in multiple subjects. The spectacular infrastructure and the dedicated faculty make this possible with their support.
Germany has a wide range of options for Masters from leading universities like in Banking, Finance, and other similar sectors These universities offer amazing courses like an MBA in Banking in Germany and students can check their eligibility for the same in universities like:
| Universities/ Business Schools | Rankings(Germany) | Location/Cities |
|---|---|---|
| EU Business School | #12 | Munich |
If you are looking forward to completing your MBA program in a banking course from a German university, you must check these eligibility criteria. It includes:
For studying an MBA course from Germany, the students must have a valid passport and an educational visa if they are international students. Identification is also important for German students.
The students need to have a good proficiency in the English language as the teachers teach in English, and the students also have to provide proper proof of their English efficiency by taking recommended exams.
Completing a bachelor's Degree Course is the primary requirement to study in an MBA program.
Some universities in Germany will want the students to have prior experience in Business Administration and work experience.
A few universities will also ask you to provide entrance exam results of GMAT or GRE.
You might also have to go through an interview round where the university will test your skills and knowledge.
If you want to study your MBA program at a German university, there are specific documents you need to submit. These include:
Pass Certificates and Results of Bachelor's Program
Pass Certificates of 10th and 12th
Master's Degree Certificates (If Taken)
CV with Details
Letter of Recommendation
Proficiency Results of English Language (IELTS or TOEFL Exam)
Passport (Compulsory)
Statement of Purpose
Results of Entrance Exam (GMAT or GRE Test)
Photographs (Passport Size)
You can follow the admission procedure, which will help you with your MBA in banking course from a German university. It includes:
Connect with Anigdha: We have a team of great individuals who will guide you through the entire admission process for your MBA programs at German universities.
Select the University: Search and select the university in Germany that provides the MBA in banking course and perfectly fulfills your career goals.
Check Eligibility Requirements: You must check the eligibility requirements before applying for a course anywhere.
Apply: Submit the application form and the application fee of more than one university you feel suits you.
Visa: A valid passport is compulsory for the course, but it is also important for you to have an educational visa if you are an international student.
The German universities have two types of Inakes sessions particularly. These include:
The winter intake starts in September or October and continues till February or March. The deadline to apply for the students is July.
The summer intake starts in April and continues till July or August. The deadline to apply in this session is January.
A few German universities can have different intake sessions, and you need to visit their website and check the official details.
The course duration of the MBA in banking program at German universities is as follows:
The full-time program ranges from 18 months to 24 months, which most universities follow.
There is a part-time program of 6 months to 1 year, which is uncommon.
The German universities will have a particular instruction medium for the MBA in banking course. It is:
English is the main language of instruction, which all German universities use for their MBA programs.
The students also need to have excellent proficiency in the English language and have a good command.
The students must provide proof of their English efficiency by taking the English proficiency test.
The exams which will be effective for the students are: IELTS or TOEFL
Only some institutes and universities in Germany offer courses in the German language, which are primarily for students of Germany.
The students must have proper English proficiency to be eligible for an MBA in banking course from the Universities of Germany. The students need to take proper exams to prove their efficiency in English. They can take exams like:
IELTS
TOEFL
The score needed for the IELTS exam is 6.5+. the score needed for the TOEFL exam is 90% to 100%. If the students have to provide the result of an entrance exam, they need to score 500 to 600, and they are not required to take any further English proficiency tests.
Public universities offer free study in Germany for multiple masters programs in business and finance sector with a chargeable administrative fee. Here are universities with their fee structure to help you evaluate the courses of MBA in Banking:
| Universities/ Business Schools | Course Duration | Program name | Tuition Fee |
|---|---|---|---|
| EU Business School | 1 Year | MBA - Global Banking & Finance | 13,900 Euros per year |
The students get the opportunity of a scholarship if they take the MBA course from the German university. The list includes:
HHL Leipzig Graduate School Of Management Scholarship: University 25% of tuition fees (Women Candidates - Partially Funded)
Frankfurt School MBA Scholarships: By University 25% of tuition fees (Women Candidates - Partially Funded)
Mannheim School of Business Scholarships: By University EUR 5000 (Partial Funding)
ESMT MBA Scholarships: By University EUR 1000 to EUR 5000 (Partial Funding)
DAAD Scholarship: By University Full Tuition Fee (Fully Funded)
Erasmus Scholarship Programs in Germany: By University Full Tuition Fee (Fully Funded)
The Friedrich Ebert Stiftung: By University EUR 1000 (Partial Funding)
Heinrich Boll Scholarships for International Students: By University EUR 1000 to EUR 1500 (Partial Funding)
What are the advantages of pursuing an MBA in Banking in Germany?
MBA in Banking equips students with an analytical mindset required for a career in finance. Those looking to develop a stable career in the finance sector with high-paying jobs can opt for this course.
Is MBA in Banking a challenging field?
The course is not a challenging field for those who have an interest in business and finance. Those who like to work in corporate environments in the investment management and banking sectors will find this course highly interesting.
Is there an age limit to enroll in MBA in Business Analytics in Germany?
No! For MBA programs, German universities allow students as old as 40 years to enroll.
What qualification do you require to take admission to an MBA in Banking?
Students must have a bachelors degree in subjects like Banking, finance, economics, and management sectors.
Can students opt for a part-time course for MBA programs?
Yes! Part-time programs are available for multiple MBA programs that extend for 2 years.
Which job roles have seen the most growth for this course?
International banking and finance, analyst roles, and consultant roles see the most growth in this sector.
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