MBA in Germany, Mannheim Business School
Updated: Jul 29, 2019
Considering to do MBA in Germany?
Why Not? The German economy is one of the largest economies in Europe. Germany houses some of the world-class Business Schools, so MBA in Germany is one of the most sought after option for many MBA aspirants across the globe.
Mannheim Business School is one of the best business schools in Germany and ranks amongst the top 35 business schools in the world by FT Rankings.
The Mannheim Business School has a very diverse community. The class has a mixture of students coming from the Social sciences, Humanities, Natural sciences and medicine, Law, Business and economics, engineering and IT.
Here are some key facts and figures about employment from the Mannheim Business School:
Accepted a job offer within three months after graduation: 93%
Average Post-MBA base salary: 103.200 USD
Graduates switching country, function or industry: 98%
Switching job function: 51%
Switching country: 88%
Switching industry sector: 59%
Switching country, function, and industry: 42%
This information has been gathered from Mannheim official website.
These numbers are impressive, right? So if an MBA in Germany is on your mind then an application to Mannheim Business School is definitely on your list.
To help you know more about Mannheim business school (aspects that the website do not include ) we have Jayendra with us sharing his application and interview process with the business school. He further talks about life and work in Germany. Jay has been living and working in Siemens, Germany for almost 10 years. He is about to start his MBA in Germany from Mannheim Business School in the batch of September 2019.
You can also listen to the whole podcast/interview by clicking here ...
Q: It is not so common for a Chartered Accountant to do an MBA. What made you go for an MBA?
A: I always wanted to do an MBA but since career-wise I was doing well so I kept on pushing it back. After working for 10 years I have more than enough experience for an MBA and I thought now would be the right time.
Q: You have been living in Europe for a long time now. How did you shortlist your business schools?
A: It was not an easy decision. After living in Germany for such a long time my focus was to try and live in Germany. Amongst the two schools, I shortlisted for MBA in Germany, one of them was Mannheim Business School. I also considered Business schools like ISEAD and HEC in Paris. I shortlisted IMD in Switzerland and Rotterdam School of Management (RSM) in the Netherlands.
My priority was to get into the German Business School because eventually, I see myself working in Germany. Also, a German MBA would help me to build the required network in Germany.
Q: After working for 10 years how difficult was it to switch off from work mode to study mode. How did you maintain the balance between your work and study? How did you prepare for GMAT and what materials have you used?
A: It was very challenging in the beginning. For me the real challenge was what to study, considering there is so much material out there. I had left myself with only two and a half months two prepare for GMAT.
The work-life balance in Germany is very good. So though I had a little pressure from my work but I was left with the weekends. I also put in one or two hours after or before work on GMAT.
Psychologically it was a big shift for me. I didn't want to take a second or a third attempt. So it was really important for me to get it right the first time.
"I used the strategy guide from Manhattan. I also correspondingly practiced questions from the GMAT official guide. I also did several practiced tests in a time restrained manner trying to simulate the actual test conditions. My score kept getting high with each practiced test. I did not want to study too much material rather I was more concerned about sharpening my concepts."
Q: Could you also tell us about your application strategy?
A: My priority was to do an MBA in Germany. I attended the open days of the German Business schools. I was really impressed by Mannheim Business School. My application strategy was to apply for Mannheim Business first and if things do not work out I would consider the other business schools. The fact that the application deadline in Mannheim Business school was 3 months earlier than the other business schools also helped a lot.
It turned out really good with Mannheim Business school. From the time I sent my application to the time they told me that I made it through was only four weeks.
Q: How are you sponsoring your education?
A: German MBA is relatively cheaper than french MBA or INSEAD or etc. This is also one reason I wanted to do an MBA in Germany. I qualified for the early admission round and hence got a reduction of 3000 euros. I am also going to apply for a scholarship. The scholarship is not very good because the fees structure is already less than other European schools.
Q: You have been living in Germany for a long time. So do you speak german now?
A: I do speak German, though not completely perfect.
Q: Is it true that it is very difficult to survive in Germany without knowing german.
A: I think it depends on the industry. For example, if you are a data scientist then you may get away without knowing German because data scientists are so much in demand.
But in general, the ability to converse in German opens more doors.
"In India, we have a corporate culture where most people will speak in English at work but in Germany people would normally speak in German unless they are required to speak in any other language. There are also senior professionals who probably never had to speak any other language apart from German in their professional or personal life. So It is appreciated that you try or make an attempt to learn German and I think it would bring you more opportunities."
Q: One last thing you want to tell the future aspirants?
A: One thing I could add for students from India is that I applied 10 months before the course and I learned that I was amongst the last Indian applicants. So I would advise students to apply early. Early, means a year ahead. It will increase your acceptance chance as well.