Professionals, entrepreneurs and individuals seeking to acquire advanced business and management skills in Germany are increasingly enrolling in MBA programmes. MBA students acquire a comprehensive understanding of the various aspects of business activities and processes like operations, marketing, finance, operations, strategy and supply chain and logistics and management.
While for many entrepreneurs the ultimate goal is business expansion, for some individuals, acquiring an MBA is a route to personal development, career growth and the greater earning potential they stand to gain from their knowledge of the best practices and latest techniques in their industries.
In this article, we discuss the importance of obtaining an MBA degree to your career prospects and earning potential in Germany and the unique advantages of enrolling in an online MBA programme. We also look at MBA jobs and salaries in Germany and factors that impact salaries in the country.
6 Key Benefits of an MBA Qualification
Pursuing an MBA degree is a highly rewarding decision for business owners, employed professionals and leaders in governmental and not-for-profit organisations. The following are some of the benefits of pursuing an MBA degree:
1. Advanced business skills and knowledge
MBA programmes equip learners with excellent business and leadership skills, providing them with a good understanding of the business world and its various aspects. 92% of organisations worldwide had employed MBA graduates as of June 2022, according to Statista.
2. Enhanced employability
Enrolling in an MBA degree programme increases your prospects of landing a job. This means increased chances of gaining better career opportunities, especially for professionals who combine work with studies.
3. Easy career switch
MBA graduates acquire valuable skills employers demand across functions and industries, making it easier to switch careers. Specialisations in specific fields and industries provides you with the opportunity to choose which aligns with your next career move.
4. Opportunity to network
MBA programmes bring together professionals, entrepreneurs and leaders from diverse locations, backgrounds and industries, offering opportunities for learners to expand their network and benefit from the diverse experiences and complementary abilities of their peers. Quality professional network can help you unlock new opportunities.
5. Acquire entrepreneurial skills
MBA students acquire valuable mentorship, skills and expertise required to start and successfully manage a business, with courses such as entrepreneurship and innovation equipping them with knowledge to develop and implement business plans and strategies.
6. Higher salary
MBA graduates have higher chances of being promoted and earning better salaries due to the business and leadership skills acquired from their studies. According to Future magazine, MBA graduates earned an average of two raises in 2022. So, pursuing an MBA degree is a profitable investment in your career and future.
5 Advantages of Online MBA
In general, an investment in an MBA is a valuable investment, but choosing an online programme comes with even more advantages. Here are some selected advantages you can gain from pursuing an online MBA instead of an on-campus programme.
1. Flexibility and time management
Studying on campus may disrupt your work and personal commitments, but an online MBA eliminates the stress and time involved in commuting to campus. You can earn your degree without quitting your job and study from any location. You can also plan your study schedule around personal commitments and work schedule.
With the opportunity to earn your degree in as little as a year, you can also avoid the typical two-year duration of most on-campus MBA programmes. Ultimately, an online MBA enables you to extend your professional experience even while schooling.
2. Cost-effectiveness
Because they do not require transportation, accommodation, or other on-campus costs, online MBA programmes are more affordable. Furthermore, since you can stay employed while learning, paying your fees becomes easier, reducing your debt burden. With online MBA programmes, you can enjoy the benefits of an MBA without breaking the bank.
3. Technological and digital literacy
Online MBA programmes promote technological and digital literacy by providing lecture materials, assignments and resources in a digital format. This exposure to technology can help you thrive in a digital workplace. Online learning supports inclusion and interactive learning, through the use of multimedia content like text and text chat, audio, video and video conferencing as well as discussion forums.
4. Global networking opportunity
Enrolling in an online MBA programme allows you to connect with students from various parts of the world and gain global business perspectives. By building relationships with international students, alumni and faculty, you can create a valuable professional network that can open up global career opportunities and professional mentorship.
5. Promotion and salary raise
Earning an online MBA can prepare you for leadership positions and make you a more valuable employee. Upskilling and improving your performance at work puts you in a better position to negotiate promotion and salary raise. This can increase your earning potential and professional growth.
Top 13 MBA Jobs in Germany and their Estimated Annual Salaries
MBA graduates in Germany find job opportunities within 3 months of graduation and international students have the opportunity to take up employment after their studies. As one of the biggest economies in the world, with an average salary of €55,000, Germany attracts skilled workers and students from different parts of the globe. To give you insights into what the job market in Germany looks like, find below the estimated salary MBA graduates earn in the country, based on their roles.
MBA roles and their salaries
1. Business Development Manager [€67,000 - €173,000]
2. General Manager [€166,000]
3. Brand Manager [€140 - €150,000]
4. Consultant [€70,000 - €140,000]
5. Operations Manager [€98000 - €129,000]
6. Project Manager [€76,000 - €130,000]
7. Finance Manager [€118,000 -127,000]
8. Marketing Manager [€86,000 - €117,000]
9. Human Resource Manager [€110,000 - €115,000]
10. Key Customer Manager [€95,000 - €98,000]
11. Business Manager [€88,000 - €95,000]
12. Human Resource Executive [€85,000 - €88,000]
13. Information Systems Executive [€80,000 - €85,000]
Highest-paying Employers for MBA Jobs in Germany
1. Adidas AG
2. Intel
3. Porsche
4. Bosch
5. Volkswagen
6. Amazon
7. BMW
8. Daimier AG
9. Merck
10. Siemens
11. Deutsche Bank
12. Audi AG
13. Bayer AG
14. Roland Burger GMGH
Highest-paying Cities for MBA Jobs in Germany
1. Munich
2. Berlin
3. Düsseldorf
4. Hamburg
5. Hannover
6. Nuremberg
7. Dresden
8. Frankfurt
9. Koln
10. Leipzig
11. Stuttgart
4 Factors that Influence MBA Salaries in Germany
In Germany, several factors can determine how much you earn, some of which include the following:
1. Location
Location is a significant factor in determining your earnings in Germany. Wages differ across different regions and cities, with cities such as Munich, Frankfurt, and Hamburg being among the highest paying in the country. The cost of living also plays a role, as wages are typically higher in cities with higher costs of living.
2. Experience
Experience is another critical factor in determining your salary in Germany. As you gain more experience in your field, your earning potential increases. This is because experienced employees are generally more productive and can add more value to their organisations. Additionally, employees with more experience are often better equipped to lead teams, handle complex projects and make informed, strategic decisions.
3. Employer
Your employer also plays a vital role in determining your salary in Germany. Large, multinational corporations generally pay higher salaries than smaller companies. Similarly, the industry in which you work can influence your earning potential. For instance, the IT, manufacturing, banking, engineering, automobile and healthcare industries in Germany pay higher salaries.
4. Qualifications
Qualifications are also essential in determining your earning potential in Germany. Germany places a significant emphasis on education. In general, the more advanced your educational qualifications, the higher your earnings. Therefore, obtaining your MBA can significantly boost your earning potential.
Start Your MBA Journey with Us
Are you looking to start your online MBA with an option to complete your programme in Germany and launch a global career or business? At MSBM we have AACSB-accredited MBA specialisations for various fields and industries. Our flexible hybrid and online courses are taught by experienced faculty and industry experts. Enrol now to learn at your own pace and schedule and retain your job or work abroad.
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