MBA Degree | Online MBA DEGREE |MBA in Germany |MBA Salary | What is MBA ?
What is MBA ?
MBA is A Master of Business Administration (MBA) also called Master’s in Business Administration is a postgraduate degree focused on business administration.
MBA Specializations (Types)
The core courses in an MBA program cover various areas of business administration such as accounting, applied statistics, human resources, business communication, business ethics, business law, strategic management, business strategy, finance, managerial economics, management, entrepreneurship, marketing, supply-chain management, and operations management in a manner most relevant to management analysis and strategy.
The History of MBA Degree
MBA originated in the United States in the early 20th century when the country industrialized and companies sought scientific management.
Online MBA programs grew in popularity during the pandemic. But even now that campuses have reopened and in-person teaching has returned, many students are still opting for Online MBAs.
Should i study online MBA ?
Here are the reasons you should study online MBA
1. Flexibility to balance work/home life
An Online MBA gives you the flexibility to study while you work during evenings, weekends, or for specific periods during the year even if you have specific free days during the week.
Many programs offer the opportunity to study over a number of years, allowing you to balance your professional, home, and learning life.
2. Keep earning while you study (most important)
For many prople earnings are the most important thing during their educational life period, with online MBA you can earn during your courses.
An Online MBA gives you the opportunity to continue earning while you study. You can also offset the cost of the program with your salary, while avoiding those additional in-person costs.
3. Boost your salary & jobs prospects
Earning potential is a huge draw for all business school candidates, and that includes Online MBAs.
Enrolling in an Online MBA can give you access to a wide range of top jobs. Many grads go on to work in high-paying industries like consulting and finance, with world renowned companies like Amazon, McKinsey, and JP Morgan.
Graduating from an Online MBA can therefore boost your salary potential: students at top-ranked Warwick Business School see a more than 35% salary increase on average after graduation.
Add in the fact that you can offset the program cost by continuing to earn while you study, and your financial situation is likely to have significantly improved after you graduate.
5 Reasons To Start Your Career In Germany as MBA
“In fact, 88% of HHL graduates start their post-MBA careers in Germany.”
Germany is Europe’s largest economy and the fourth-largest globally. It’s a country with one of the lowest unemployment rates in the world and boasts the headquarters of multinational companies like Adidas, Allianz, and SAP.
Germany’s response to the coronavirus pandemic, with widespread testing, has been widely praised. While working life is being disrupted by the pandemic globally, that shouldn’t stop you planning your next career move.
Doing an MBA is a good way to take a year out of the workplace, future-proof yourself, and advance your career upon graduation. The question is: Where to do it?
Here are five reasons you should pursue a career in Germany!
1. High employment rates
With an unemployment rate of 3.1%—compared with 3.6% in the US, and 8.5% in France—Germany boasts one of the lowest and most stable unemployment rates in the world. The automotive industry is the country’s largest employer, with Volkswagen leading the way—employing 645,000 people.
Ensuring jobs remain stable is typical of the German approach to collective purpose. A crucial part of German work culture, ‘Wir-gefühl’, or group cohesiveness, cements the importance of the team over the individual.
2. Diverse and exciting industries
The German automotive industry is well-known for being one of the largest in Europe, let alone the world. In 2018 alone, Germany exported 4 million cars, comprising a total value of $244 billion.
But it’s not Germany’s only booming industry.
In recent years, Germany has become a hotbed for tech companies. Music streaming giant Soundcloud has its headquarters in Berlin, alongside Silicon Allee—a community for entrepreneurs that typifies the thriving tech startup scene. Not just limited to the capital, Leipzig is a hive for entrepreneurial activity, too. With an estimated 200-250 startups, it is cashing in on growing tech opportunities.
Tech and e-commerce is the most popular career path for HHL Leipzig MBA grads, where 25% of students are entering the industry. Martina Beermann, Director of Career Development at HHL Leipzig, outlines how Germany offers a diverse range of careers that you could benefit from. “While most other schools have a high percentage of students go into consulting, we see a more diverse range of job roles for MBAs,” Martina says.
3. Opportunities for global talent
Germany is an international destination not just for big companies, but for students and professionals too. Big multinationals have their headquarters in Germany and seek international expertise.
4. A truly international economy
The German economy is dependent on international trade, and has a growing global outlook. Especially within the cities of Germany, you’ll find English widely spoken—giving it a definite edge over the likes of Italy, Spain, and France, and a big reason for attracting international workers and students. Once a part of East Germany, Leipzig has certainly come a long way since the collapse of the Berlin Wall.
5. A great lifestyle alongside your career
While your job is important, so too is life outside of work. Alongside the economic opportunities of Germany is a country with a great lifestyle, culture, and fantastic work-life balance.
Wha is The Average MBA Salary in Germany ?
The average MBA fresher jobs in Germany salary ranges between 60,000 EUR to 80,000 EUR per annum.
What Is The Average MBA Salary In The USA?
The latest GMAC 2022 report shows that the average median salary for MBA adjusted for inflation is $115,000 compared to a high of $129,000 in 2019.
There is, of course, big variation depending on where in the US you’re studying and plan to work, and what job role and industry you go into.
Average Salary for MBA in Technology: $111k
As the business landscape becomes increasingly data-driven, graduates from MBA programs specializing in technology can earn average salaries of $111k. Chief Information Officers (CIOs) can earn a massive £170k, while product managers earn an average of $99k and senior data analysts earn $103k.
