A detailed guide to help you understand about job opportunities for an MBA graduate in Germany. Germany is a land of various job opportunities, diverse roles and companies, offering most suitable opportunities. Also, discover the average salary criteria and a quick glance over the steps for finding your dream job, making your MBA job hunt after an MBA easy.
MBA in Germany, Jobs in Germany, Jobs after MBA, MBA Graduate Jobs
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Jun 3, 2024
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If you are an MBA aspirant, Germany is an ideal destination which offers immense opportunities to embark on a concrete job prospect post MBA. Studying in the land of precision engineering, picturesque castles, mouth-watering bratwurst, and most-importantly the largest economy of Europe, Germany, can be highly beneficial. In this guide, we'll dive into how Germany is an amazing place to pursue an MBA and explore the fantastic job opportunities after MBA waiting for you after graduation. So, let's get started!
Why MBA in Germany?
Many German universities offer affordable tuition fees, and some even have no tuition fees at all for international students. Plus, with Germany's robust economy, it's a goldmine for MBA graduates looking to kickstart their careers. From innovative startups to global corporations, the opportunities are endless.
Germany’s educational institutions are renowned for their high standards and rigorous academic programs. An MBA from a German university can open doors worldwide, given the country’s emphasis on combining theoretical knowledge with practical experience. Additionally, the multicultural environment in Germany is perfect for international students to broaden their horizons and build a global network. So, if you’re looking for a place that offers both quality education and vibrant professional opportunities, Germany should definitely be on your radar.
Universities for MBA in Germany with High Employability
Here’s a list of Top German universities offering the highest MBA graduate employability:
University
QS Global MBA Ranking 2024
Employment Rate (3-6 months)
Average Starting Salary (In EUR)
Technical University of Munich
37
94%
€65,000
Frankfurt School of Finance and Management
43
90%
€70,000
The European School of Management and Technology (ESMT)
63
74%
€83,000
WHU: Otto Beisheim Graduate School of Management
127
94%
€84,000
Cologne Business School
268
72%
€65,000
HHL Leipzig Graduate School of Management
121 - 130
92%
€65,000
EU Business School
81-90
91.4%
€55,000
Mannheim Business School
26
80%
€85,000
Understanding Industries and Roles for MBA Graduate Jobs
Germany is a powerhouse of industries that are constantly on the lookout for fresh MBA talent. Here are some of the top companies and sectors where you can make your mark:
Automotive Industry
Germany is home to some of the world’s leading automotive companies like BMW, Volkswagen, and Mercedes-Benz. These companies are known for their innovation and engineering excellence, making the automotive industry a perfect fit for MBA graduates who are passionate about cars and technology.
Engineering and Manufacturing
Known for its precision and quality, Germany’s engineering and manufacturing sector is robust and dynamic. Companies like Siemens and Bosch are at the forefront of technological advancements and offer numerous opportunities for MBA graduates to work in various capacities, from project management to strategic planning.
Finance and Banking
With Frankfurt being one of Europe’s major financial hubs, the finance and banking sector in Germany is thriving. Companies like Deutsche Bank and Commerzbank offer a range of roles for MBA graduates, from financial analysis to risk management. The sector is known for its stability and high earning potential.
Technology and IT
Germany is rapidly becoming a tech hub, with companies like SAP leading the way. The tech industry offers numerous opportunities for MBA graduates, particularly those interested in roles such as IT management, business analysis, and digital transformation. The country’s focus on innovation and technology makes it an exciting field for MBA graduates to explore.
Healthcare and Pharmaceuticals
Germany’s healthcare and pharmaceutical industry is one of the most advanced in the world. Companies like Bayer and Merck are at the forefront of medical research and innovation. MBA graduates can find roles in management, research and development, and strategic planning, contributing to advancements in healthcare.
Germany boasts some of the world’s most renowned companies, many of which are on the hunt for MBA talent. Here are some of the most common roles you can expect to land after your MBA in Germany:
Management Consultant: As a management consultant, you'll help companies improve their performance by analysing existing problems and developing plans for improvement. This role requires strong analytical and problem-solving skills.
Financial Analyst: Financial analysts are responsible for analysing financial data and providing investment recommendations. This role requires a deep understanding of financial markets and strong quantitative skills.
Project Manager: Project managers oversee projects from inception to completion, ensuring they are completed on time and within budget. This role requires strong organisational and leadership skills.
Business Development Manager: Business development managers are responsible for identifying new business opportunities and developing strategies to increase company revenue. This role requires excellent communication and strategic thinking skills.
Job Opportunities after MBA with Various Specialisations
Germany as an advanced education hub offers plethora of opportunities for multidisciplinary education, offering various specialisations. Let’s understand the job roles and salary packages that various recruiters offer on the basis of different specialisations:
Russell Reynolds Associates, Korn Ferry, Hapag-Lloyd, Amazon, Bain & Company, McKinsey & Company
€45500 to €80000
Entrepreneurship
Business Development Manager, Product Manager, Dev Manager, VC Associate
SAP, Russell Reynolds Associates, Korn Ferry, Boston Consulting Group (BCG), Bain & Company, McKinsey & Company
€50,000 to €85,000
How to Find Jobs in Germany?
Germany, with its advanced technological-implementation, offers many options for young aspirant like you to try their luck. A number of job portals are available and easily accessible, where you can find your dream job. Here’s an overview of how you can find the jobs, when in Germany:
Federal Employment Agency or BA runs Stellensuche: Germany boasts Federal Employment Agency or BA runs Stellensuche, which is easily accessible to you. You can enter your personal applicant profile or look for jobs simply.
EURES job portal: Another portal accessible for those in Germany or anywhere else in Europe, EURES job portal allows you to find your desired job. It allows easy flow of workers across Europe.
Central Agency of Foreign and Professional Affairs (ZAV): Central Agency of Foreign and Professional Affairs (ZAV) is specifically meant for international applicants, so you will be easily supported here.
Networking and Job Search Strategies
Building a strong professional network can significantly enhance your job search process. You can build a robust network while keeping in mind a few of the following tips:
Attend Career Fairs and Industry Events: Career fairs and industry events are excellent opportunities to meet potential employers and learn about job openings. These events provide a platform to showcase your skills and make valuable connections.
Join Professional Organisations and Alumni Networks: Professional organizations and alumni networks can provide valuable connections and job leads. Being active in these organizations can help you stay updated on industry trends and job opportunities.
Utilise LinkedIn and Other Social Media Platforms: Keeping your LinkedIn profile updated and engaging with industry professionals online can significantly boost your visibility. Joining relevant groups and participating in discussions can also help you connect with potential employers.
Tap into University Resources: Many universities in Germany have dedicated career services that offer resources and support for job searching. They often host networking events, workshops, and job fairs to connect students with potential employers.
Leverage Internship Opportunities: Internships can be a great way to gain practical experience and build professional connections. Many companies in Germany offer internships to MBA students, which can sometimes lead to full-time job offers.
Conclusion
Germany offers a wealth of job opportunities after MBA. From top industries and renowned companies to attractive job roles and a great work-life balance, there's something for everyone. The combination of high-quality education, a robust economy, and a welcoming culture makes Germany an ideal destination for pursuing an MBA and launching your career.
So, if you're considering an MBA, why not take the leap and explore what Germany has to offer? Cheers to your future success!
FAQs
1. Is it easy to get a job in Germany after an MBA?
Yes, Germany has a robust job market with many opportunities for MBA graduates, especially in industries like automotive, finance, technology, and healthcare. However, fluency in German and networking can significantly improve your job prospects.
2. Do German universities offer MBA programs in English?
Yes, many German universities offer MBA programs in English, catering to international students and ensuring a globally accessible education.
3. Is it worth doing an MBA in Germany?
Absolutely! Germany offers high-quality education, affordable tuition fees, and excellent job prospects in a strong economy, making it a valuable investment for your future career.
4. Can I stay in Germany after I finish my Masters?
Yes, international students can stay in Germany for up to 18 months after graduating to search for a job. Once employed, you can apply for a work visa or an EU Blue Card.
5. Can I get PR in Germany after Masters?
Yes, you can apply for permanent residency (PR) after working in Germany for a certain period, typically 3 years.
6. Which MBA field is best in Germany?
Fields like Finance, Engineering Management, Technology, and Healthcare Management are particularly strong in Germany, offering numerous job opportunities and high salaries.
7. What companies in Germany accept MBA graduates?
Top companies like BMW, Siemens, Deutsche Bank, SAP, and Bayer actively hire MBA graduates for various roles in management, finance, technology, and healthcare.
8. What is the future of MBA in Germany?
The future of MBA in Germany looks promising with continued demand for skilled professionals in key industries and a growing emphasis on innovation and technology.
9. How much is MBA salary in Germany?
The salary for MBA graduates in Germany typically ranges from €50,000 to €90,000 annually, with higher salaries possible in certain industries and roles.
10. What are the networking opportunities for MBA students in Germany?
Germany offers excellent networking opportunities through career fairs, industry events, university alumni networks, and professional organisations, which can significantly enhance your job search and career prospects.