Germany may not be the most sought-after MBA destination in the world, but its low-cost education, stable economy, and no dearth of jobs for graduating individuals is helping it climb up the popularity ladder.
The stable economy and low unemployment rates are an added advantage for those looking for MBA jobs in Germany. Universities in Germany report that their MBA graduates are employed within 3 months of course completion with an estimated salary of 55,000 Euro (excluding perks).
Additionally, the need for over 1.5 million skilled workers from abroad, as stated by the Associate of German Chambers of Commerce & Industry enhances the chance of finding jobs in Germany after an MBA. It is also among the top 10 nations for MBA salaries in the world as per QS. Collectively, all these statistics point towards the growing market for MBA jobs in Germany that in turn is attracting professionals and students from all over the world to study MBA in Germany.
MBA Jobs in Germany Top Recruiters
MBA in Germany can be obtained with a specialization in areas like management, Finance, Human Resource, Project and Operations Management, etc. Some of the popular job roles and the top recruiters of the sector for MBA jobs in Germany are discussed below:
| Job Roles | Recruiters | Average Salary (Euro) |
|---|---|---|
| Consultant | Siemens | 69-79,000 |
| Finance Manager | BMW | 118-127,000 |
| Operations Manager | Amazon | 87456 |
| Operations Manager | Bosch | 98,000 |
| Project Manager | Bayer | 76-83,000 |
| Consultant | Volkswagen | 90-98,000 |
| Brand Manager | Mercedes | 140-150,000 |
| MIS Executive | Porsche | 80-85,000 |
| Operations Manager | Merck | 98-100,000 |
| Key Customer manager | Merck | 95-98,000 |
| Human Resource manager | Volkswagen | 110-115,000 |
| Human Resource Executive | Mercedes | 85-88,000 |
| Business Manager | Amazon | 88-95,000 |
BMW, Volkswagen, Porsche, and Mercedes are some of the renowned automotive industries offering jobs in Germany after MBA. Similarly, world-famous industries like Siemens, Merck, and Bosch are there to provide numerous MBA jobs in Germany.
Top Paying Universities for MBA Jobs in Germany
The highest-ranked and the highest paying universities for MBA Jobs in Germany are listed below:
| Universities | Location | Average Annual Salary in EUR for MBA Graduates |
|---|---|---|
| Mannheim Business School | Mannheim | 104,000 |
| Frankfurt School of Finance & Management | Frankfurt | 260,000 |
| WHU-Otto Beisheim Graduate School of Management | Dusseldorf | 83,000 |
| Hamburg University | Hamburg | 130,000 |
| HHL Leipzig Graduate School of Management | Leipzig | 78,000-90,000 |
| Berlin School of Economics | Berlin | 64,000 |
| University of Cologne | Cologne | 140,000 |
| University of Erlangen-Nuremberg | Erlangen | 335,000 |
The universities in Germany do not provide Campus placements but help the students in getting suitable jobs, but a student is able to recover the cost of studying MBA in Germany in the first year of employment itself.
A few handfuls of German Business Schools make it to the financial times MBA (2020) rankings, the salary increase experience by MBA graduates of these few are mentioned below:
- ESMT: 64% higher than their previous earnings
- Mannheim: 83% more than their earning before MBA
- WHU-Otto: 94% more than what graduates earned before MBA degree
- HHL: 93% salary increase
Altogether it can be concluded that the cost of studying, on one hand, is really low for German universities, but the return they offer on the investment is totally worth studying in Germany.
How to find MBA jobs in Germany
The universities do not have campus placement services and the most popular way to find jobs is through networking and advertisements. Many students are able to secure a job for them while they are still studying and around 85% take three months after graduation to get an MBA job in Germany.
Popular Job portals in Germany
- Indeed.de is the most used site for searching and getting jobs. 39% of job seekers in 2019 used this site.
- Stepstone.de comes at number two and is used by approximately 31% of job seekers.
- 29% of people go to monster.de and around 11% of job seekers find LinkedIn as a better job provider.
- Jobrapido.de and Kimeta are the portals where MBA students and graduates are able to search for jobs in various fields.
Apart from the job portals, the newspaper and career fairs also help in getting MBA jobs.
The German government has a set of checklist criteria you need to fulfill as international graduates looking for jobs in Germany
Note: One of the major catches when looking for jobs in Germany after MBA is to learn the native language. German language proficiency helps you to look for jobs available to German speakers only and you can open your horizons by removing the language barriers which you may otherwise face.
Top-Paying Specializations for MBA Jobs in Germany
There are plenty of specializations to choose from when pursuing an MBA in Germany. Not only can you select specializations but can also look for executive MBA-courses in German Universities. All these together can land you with handsome salaries and lucrative career options.
Here are some top specializations, the adjacent job roles, and the salaries offered for MBA jobs in Germany:
| MBA Specialization | Popular Job Roles | Average Salary in EUR (yearly) |
|---|---|---|
| Executive MBA | Chief Executive Officer, Chief Financial Officer, Associate Director, Chief Operating Officer | 89,000 or more |
| MBA in Management | Assistant Manager, Project Manager, BD Manager, Branch Manager | 67,000 or more |
| MBA in HR | Chief People Officer, HR Manager, Employee Relations Manager, Executive Recruiter | 48,000 or more |
| MBA in Marketing | Marketing Officer, Marketing Strategist, Digital Marketing Manager, Marketing Executive | 65,600 or more |
| MBA Finance | Chief Financial Officer, Deputy CFO, Budget Analyst, Finance Officer, Finance Licensing Specialist | 63,700 or more |
It is estimated that 30% of students are hired by consulting companies followed by 16-17% that go in the Banking or finance areas. Some of the popular positions acquired in jobs in Germany after MBA are Business or Brand Consultant; Business Operations Manager; Client services chief; Manager or Director Finance; Analyst or MIS Executive; Project Manager; or posted in Senior management of the company.
Highest Paying Cities for MBA Jobs in Germany
Your salaries are not only dependent on the firm for which you work but also on where you are located within Germany. Some of the highest paying cities and salaries offered while working in MBA jobs in Germany are discussed below:
| City | Payscale (Euro/year) |
|---|---|
| Berlin | 53,600 |
| Dresden | 42,500 |
| Dusseldorf | 47,900 |
| Frankfurt | 48,600 |
| Hamburg | 51,200 |
| Koln | 49,000 |
| Leipzig | 43,400 |
| Munich | 50,400 |
| Stuttgart | 46,800 |
| Hannover | 41,500 |
Berlin is one of the highest-paying cities for most of the MBA jobs in Germany. Additionally, the distribution of salaries across the country is like:
- 25% of the workforce earns around 27,400 Euros a year
- 50% of the workforce in business and commerce sectors earn 49,400 Euro or less.
- 75% of the workforce makes up to around 137,000 Euros.
- The remaining workforce earns 204,000 Euros.
The public and the private sectors in Germany have around 5% difference in the salaries offered. Where the public sector's average salary of around 44,7000 Euro a year while the salaries offered in the private sector are 46,800 Euros a year.
Post Graduation Work Permit for MBA Jobs in Germany
International students of non-EU countries have to apply for a German residence visa to study for their MBA. This visa grants permission to stay in Germany after completing the course to search for a job.
Stay back Duration: The period allowed after completion of an MBA is 18 months. After 18 months, the students have to apply for an extension of the visa.
EU Blue card
As the MBA graduates are able to earn more than 49,600 EUR annually, they are eligible to apply for the EU Blue Card. This card allows them to work and if they complete 33 months of tenure as the cardholder they can get permanent residency in Germany.
In recent times, the increase in startups is also generating a lot of jobs in Germany. Technology and E-commerce are two fields that are providing 25% more employment to the graduating MBAs compared to earlier times. The other big advantage is the employability in the European market offered to MBA graduates from Germany.
All together is the largest economy in Europe, jobs in Germany after MBA offer students with handsome salaries. Home to global centers like Frankfurt, Berlin, and Munich, there are a wealth of industries to look forward to MBA jobs in Germany. Offering healthy bonuses of 13,700 Euros and a fresher base salary package of around 55,000 Euros or more, Germany can offer a total remuneration package of as much as 100,000 Euros a year to skilled professionals looking for jobs in Germany after MBA.
FAQs
Ques. What is the average salary of an MBA graduate in Germany?
Ans. To start, a fresher can earn around 55,000 Euro/year. However, this varies depending on the previous experience you may have, the firm you associate with, and the sector and location of your firm. You can earn anywhere from 55,000 to 80,000 Euro a year as a fresher.
Ques. Is MBA free in Germany?
Ans. Most public institutions charge no tuition fee for international students. These students only have to pay an administrative fee. However, this does not make it free for international students because you have to pay the accommodation costs, take care of travel and living expenses.
Ques. What are the advantages of doing an MBA from Germany?
Ans. One of the biggest advantages of pursuing an MBA in Germany is the minimal cost involved. As there are tuition-free universities all you need is to take care of your living expenses. Hence, making an MBA in Germany an extremely affordable graduate degree abroad. Additionally finding jobs with international brands and in creative sectors like robotics, automobile, etc is easier.
Ques. Can I get PR in Germany through an MBA?
Ans. It is possible for international students to get a German PR after completing their MBA degree. However, you will need to have applied for an EU blue card which allows you to work in Germany. Further, if you have held the EU blue card for 33 months is when you are eligible for applying for the PR.
Ques. What are the highest paying courses in Germany?
Ans. Among the highest paying German degrees are EMBA, MBA, Masters in Finance, Masters in Management, Ph.D., and BBA.
Ques. Is finding a job for an MBA easy in Germany?
Ans. Finding a job in Germany after MBA is not a tedious task, but is time-consuming. A slight disadvantage usually faced by international students is the inability to apply for jobs asking for German language skills. To avoid the related hassle you must ensure that while pursuing the degree you pick up the local language.
Ques. Can I get a job in Germany after MBA if I do not speak German?
Ans. There are a few jobs where English will work for you but if you want to communicate and rise in your career then you should learn the language as soon as you can.
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