Germany is well known for its high-quality economic developed country and higher education. And students from all around the world find Germany an attractive place where they can pursue their dream careers. Management is one of the most studied degrees there.
Additionally, there are numerous reasons for students that motivate them to enroll in MS in Business Analytics in Germany because of this nation's strong economy in Europe, which results in the bulk-hiring of educated individuals from Germany as well as other countries. If you are someone, who is looking forward to making your career in Germany as a business analyst, then here we will going to provide you with all the necessary information.
Why study MS in Business Analytics in Germany
In Germany, more than 10 universities offer Masters in Business Analytics programs, which can be a year or three-year-long course. In this program, students get a chance to learn about the complex relationships between economics and management, including various areas such as supply chain management, logistics, etc.
There are numerous benefits for international students doing an MS in business analytics in Germany. Still, the following four are the most important ones:
- German economic strength: Students enjoy learning about Business in rich countries like Europe. As mentioned above, this country's economy is one of the strongest compared to the others in the world and has around 21% of the eurozone GDP. Moreover, Germany's unemployment is lower compared to other countries.
- The outstanding R&D investor: When it comes to R&D (Research and development) spending, Germany leads. Around 80 billion Euros, or $104 billion in US dollars, are spent by this nation annually to support more than 800 publicly sponsored research organizations. Furthermore, with more than 500,000 R&D professionals, Germany continues to bring in a top-tier talent pool. This enables students in learning about R&D investments, receiving training from renowned universities, and studying MSC business analytics in Germany.
- Owning a single market: Germany benefits greatly from its relationship with countries in Eastern and Western Europe in terms of access to prospective clients and partners. Most can freely move their goods, services, and capital across the EU's trading block since the EU has managed a single market for more than 20 years. Additionally, this provides an opportunity for different business owners to easily establish their enterprises in cities like Berlin, which was split in half after the country's reunification.
- The attraction of big organizations: Since Germany has a great economic system, it has a strong impact on attracting very leading companies from all over the world like SAP SE, Shell, Efficio, Microchip Technologies, etc. These are the most highly rated companies that hire talented students from Germany.
Read: View top reasons to study in Germany
5 reputable universities in Germany for MS in Business Analytics studies
A good university can help students advance in their careers. Here are a few of Germany's top and most respected universities that offer Master's degrees in Business Analytics:
- University of Technology, Chemnitz
- SRH University, Heidelberg
- Neu-Ulm University of Applied Sciences
- Otto Von Guericke University
- Stuttgart Media University (Hochschule der Medien)
1. University of Technology, Chemnitz
University of Technology, Chemnitz, provides an MS in Business Intelligence & Analytics. This university is renowned for the way it approaches education. Additionally, it assists students in getting the best professional exposure.
| Type |
Public |
| Chemnitz University of Technology World Ranking 2024 |
601-800 |
| Course duration |
2 years |
| Course offered |
MS in Business Intelligence & Business Analytics |
| Average tuition fees |
free |
| Location |
Chemnitz, Germany |
2. SRH University, Heidelberg
In Germany, the SRH University, Heidelberg provides an MS in Big Data and Business Analytics. This institution gives its students chances to collaborate with foreign businesses and industries while also assisting them in developing their capacity to use their knowledge in the real world. In addition, they collaborate with numerous faculties globally to support student exchange to learn masters in business analytics in Germany.
| Type |
Private |
| SRH University, Heidelberg World Ranking 2024 |
66 |
| Course duration |
2 years |
| Course offered |
MS in Big Data and Business Analytics |
| Average tuition fees |
€18,960 (total) |
| Location |
Heidelberg, Germany |
3. Neu-Ulm University of Applied Sciences
Neu-Ulm University of Applied Sciences offers MS in Business Intelligence and Business Analytics. This university provides its students to gain solid knowledge in management activities and leadership roles with varied focal points.
| Type |
public |
| Hochschule Neu-Ulm University of Applied Sciences World Ranking 2024 |
375 |
| Course duration |
1.5 years |
| Course offered |
MS in Business Intelligence and Business Analytics |
| Average tuition fees |
free |
| Location |
Bavaria, Germany |
4. Otto Von Guericke University
The MS in Operations Research and Business Analytics course is administered by Otto Von Guericke University. This university has more than 300 international partners, equal to the number of universities worldwide. It provides a great opportunity for students who are willing to make their career after completing a Business Analytics masters in Germany.
| Type |
Public |
| Otto-von-Guericke University Magdeburg World Ranking 2024 |
601-800 |
| Course duration |
2 years |
| Course offered |
MS in Operations Research and Business Analytics |
| Average tuition fees |
€214 per year |
| Location |
Magdeburg, Germany |
5. Stuttgart Media University (Hochschule der Medien)
Students in Germany can earn an MS in Data Science and Business Analytics at Stuttgart Media University (Hochschule der Medien). More than 5000 students presently attend this university, including a sizable number of international students from various nations. Additionally, studying at Stuttgart Media University gives students the chance to experience working in a German workplace.
| Type |
Public |
| University of Stuttgart World Ranking 2024 |
312 |
| Course duration |
2.6 years |
| Course offered |
MS in Data Science and Business Analytics |
| Average tuition fees |
€21,000 |
| Location |
Stuttgart, Germany |
Read: Why invest in Germany education system?
Eligibility Criteria For MS in Business Analytics in Germany
Before applying to any particular university, one should carefully complete all the requirements to get accepted and start their journey toward MS in Business Analytics in Germany. This might comprise
- A Bachelor's degree
- English Proficiency scores
- Relevant work experience or internship
A Bachelor's Degree
Students must have completed a Bachelor's in Business Analytics to pursue their post-graduation in top universities in Germany for ms in business analytics.
English Proficiency Scores
Overseas students must have proficiency in English to study for MS in Business Analytics in Germany or MSC business analytics in Germany. The acceptable minimum score for TOEFL is 72 out of 120, must gain at least 5.5 in IELTS, the minimum points required for TestDaF is 16, and get at least level 2 in DSH.
Relevant Work experience or internship
Even though it is not necessary at all universities, students must check to see if the university they want to join requires an internship report.
Admission Process For Masters in Business Analytics In Germany
One of the most important steps to take when trying to get into your selected University for Business Analytics Masters in Germany is the admission procedure. These are a few measures that could make it easier for a student to get along:
- Find out which are the top universities in Germany for ms in business analytics by doing some research on the internet.
- After selecting the university of your choice, go to its official website to learn about the entry criteria and application process.
- Pass all entrance examinations, as required by the university, to be listed.
- Complete your application form, pay all application fees, and send it to the university department.
- Send the University your completed application and fees, as well as all necessary required documents.
- Prepare for any interviews that the university may request and ace them.
- Once everything has been completed, apply for a student visa for master of business analytics in Germany and make arrangements for enough money to stay in Germany.
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Documents Required For MS in Business Analytics In Germany
Any overseas student must submit the following documents to complete the admissions process, the documents may vary depending on the university in which they are applying and the policy of that university. Here are some of the major documents which are generally asked for while enrolling for MSc business analytics Germany:
- Proof of university entrance examination
- Evidence of a university entry exam
- LOR (letter of reference)
- Certificate of Internship (if any)
- Certificate for language testing
- Copies of a bachelor's degree as evidence
- Transcripts with complete subject and grade information
- Copy of a passport
Cost Of Studying MS In Business Analytics in Germany
The cost of studying is one of the crucial factors to take care of for international students when they are moving towards pursuing their MS in Business Analytics Germany. Here are some of the important considerations that a student must take into account:
- Tuition Fees
- Cost of Living
Tuition Fees:
The tuition fees may vary from one university to another university, but according to the stats, the average cost of tuition fees is around 19,000 euros annually.
Read: Total expenses to study in Germany
Cost of Living:
The cost of living may vary from place to place and on a student's personal choices. However, the average s. This included the hostel and guest housing price, share rentals price, on-campus price, homestay price, groceries and eating out expenses, public transport expenses, and entertainment expenses.
Read: Total cost of living in Germany
Scholarships Opportunities For MS in Business Analytics in Germany:
Students may seek to use scholarships to secure a spot at the university of their choice. Here are a few scholarships that can give international students a chance to study an MS in Business Analytics Germany.
|
Scholarships (as per university name) |
Amount Offered (euro) |
|
German Academic Exchange Service [DAAD] Scholarship program STIBET I |
Varies |
|
Deutschland Stipendium |
€300 per month for at least two semesters |
|
Scholarships for International Students and Doctoral Students |
€200-300 per month for one semester |
|
German Scholarship |
€300 per month for two semesters |
|
Deutschland Stipendum |
€300 per month for at least two semesters |
|
Academic Merit Scholarship |
Varies |
|
ESCP Foundation Scholarship |
€2000 per annum |
Read: More scholarship options in Germany
Career Opportunities After MS in Business Analytics In Germany
One can get a job in a prominent position after completing their ms business analytics Germany. Students are prepared to work with analyzing the data and business and processing them. This is why almost all organization demands a proficient Business Analyst. This is one of the careers where an individual can move from one industry to another easily.
Here are some of the positions where an MS in Business Analytics in Germany degree holder can work and their salaries:
|
Profession |
Salary per annum [euro] |
|
Big data Analyst |
€85,422 |
|
Business System Analyst |
€66,982 |
|
Senior Data Analyst |
€64,071 |
|
Software Developer |
€62,000 |
|
Data Engineer |
€58,058 |
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Students who wish to pursue a ms Business Analytics Germany have several opportunities, particularly in Berlin, one of Europe's largest cities and home to an increasing number of companies and cutting-edge technologies.
Additionally, earning a master's degree in business analysis might open up additional career opportunities for individuals in fields like data science and information technologies. Yocket can help students along the way, from earning a master of business analytics Germany degree to landing a solid job. Just connect with our Yocket Counsellors today.
