Updated on May, 23 2024 06:55 IST
Study MBA in Innovation in Germany
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MBA in Innovation in Germany is one of the most unique degrees which combines the knowledge of the business world and the importance of innovation in it. The primary goal of this degree is to provide students with a well-rounded education in the field of innovation, including theoretical education and practical experiences. This helps them become successful professionals who are also innovators contributing to the global market. The program provides students with the opportunity to learn from professionals in the domains of entrepreneurship, product development, project management, consumer behavior, and product design. Furthermore, students can take advantage of courses given by prestigious universities as well as study free in Germany. They are able to learn more about the importance of innovation in today's corporate world as a result. All in all, MBA in innovation in Germany offers a unique educational experience that equips students with all the necessary skills and knowledge to become successful innovators in the global economy. So if you are interested in getting admission to MBA in innovation in Germany, here are some important details.
Here's a crux of all you need to know about MBA in Innovation in Germany:
| Name of the Program | MBA in Innovation |
| Intakes | 2 (Summer and Winter) |
| Duration of the Program | 1 - 2 years |
| Language of Instruction | English |
| Cost of the Program | 10,000 EUR - 30,000 EUR |
| Work Experience Required | Min. 1 year |
| GMAT/GRE Requirement | Varies with University |
| English Proficiency | TOEFL or IELTS |
| German Proficiency | Recommended |
| Cost of Living in Germany | 700 EUR - 1700 EUR |
| Interview Time | 30 - 60 minutes (if applicable) |
There is a multitude of reasons why students prefer Germany as their study abroad destination, from the access to free study in Germany to the excellent education.
Here's a detailed account of the top 6 reasons to pursue MBA in Germany:
Excellent Reputation: German universities are well known for their high-quality education and rigorous standards, making students highly respected among employers worldwide.
Highly Educated Faculty: German universities have highly qualified faculty members who are experts in their fields and provide strong support to students throughout their studies.
Abundant Opportunities: With Germany's strong economic environment, MBA students can find numerous internship and job opportunities while studying in the country. This provides hands-on experience that is invaluable to a successful career.
Cultural Diversity: Germany is home to people from all over the world, creating an environment where different cultures can learn from each other's experiences and perspectives.
Collaborative Learning Environment: Many German universities promote collaboration between students and faculty, creating a learning environment where everyone can benefit from knowledge and experience.
Affordable Cost of Living: The cost of living in Germany is much lower than that in other countries, making it a great option for those looking to study without breaking the bank.
There are many prestigious universities in Germany that offer MBA programs in innovation. A few of the top institutions include the following:
| Universities/ Business Schools | Rankings(Germany) | Location/Cities |
|---|---|---|
| WHU – Otto Beisheim School of Management | #18 | Vallendar |
| The European School of Management and Technology (ESMT Berlin) | #1 | Berlin |
| Munich Business School | #3 | Munich |
| The Berlin School of Economics and Law | #2 | Berlin |
| EU Business School | #25 | Munich |
| The Technical University of Munich | #4 | Munich |
| HHL Leipzig Graduate School of Management | #57 | Leipzig |
Choosing which German university to attend for an MBA in innovation can be a difficult decision. However, all of the aforementioned institutions are highly respected and will provide students with a solid foundation to launch their careers.
For an MBA in German universities, the following criteria should be followed so that you're eligible -
Bachelors degree of four years or its equivalent from a German university is required.
If a candidate has a 3-year diploma then they should also have a masters degree to compensate for it.
A valid passport is a must.
MBA courses ask for work experience of at least 1 year.
English proficiency is mandatory for the MBA program. If you are appearing for TOEFL, the cutoff should be 90-100, and for IELTS it should 6.5+ band score.
Test requirements for universities can be either GMAT(500-600) or GRE (300 above).
There is an interview session at the end which lasts around an hour. Universities make their final decision after this interview, so you need to be prepared for it.
The documents required for an MBA degree are important as they make up most of your application.
Certificate of your 4-year bachelors degree
Certificate of completion of masters degree, in case of diploma
Transcripts of prior education mark sheets
Resume or CV
Prior work experience records
Valid passport ID
LORs (Letters of Recommendation) from your employers and relevant people
SOPs (Statements of Purpose) should be well-written
Scorecard of IELTS/TOEFL as prescribed
Scorecard of GMAT/GRE with cut-off score as mentioned
Passport-size photographs in the correct format and lighting
The admission procedure can be quite daunting at one glance but with proper guidance, you can make it easier for yourself. Anigdha is here to help you with it.
Consult our team of specialists at Anigdha as an initial step. We'll guide you in selecting the best MBA program for you.
We can start looking at universities, scholarships, and other information once the shortlisting is done.
The next step is to collect every document and make sure everything is in order.
Our team will proofread your application before you submit it to make sure there are no errors.
You will get further instructions and a welcome letter, typically by email, once you have been accepted by the university.
There are two main sessions for MBA courses, and they are known as intakes. While the winter intake is preferred by students, both intakes have the same validity. In order to keep yourself updated about deadlines, we recommend that you keep checking the website.
Roughly, the deadline is as follows -
Winter intake - The deadline is in July-August.
Summer intake - The deadline is in January.
The course duration of MBA programs is between 18-24 months. Some short-term courses are also available for people who want to do it part time but they need to be researched depending on your needs.
The most common medium of instruction is English as there is a large number of international students. Some universities have German as well, but those universities are preferred by local students who are well-versed in the language.
The English proficiency requirement is mandatory and here’s the cut-off for the certification to be valid -
TOEFL certificate with 90-100 score
IELTS certificate with 6.5+ band score
Tuition fees can vary depending on the specific school and program you choose to study at. So if you're looking to pursue this degree but are worried about the price, be sure to conduct a little research. You should also check your eligibility before applying.
Here are some details about the tuition fees of the top universities in Germany:
| Universities/ Business Schools | Course Duration | Program name | Tuition Fee |
|---|---|---|---|
| WHU – Otto Beisheim School of Management | 2 to 6 semesters | Master of Business Administration in Innovation | 41,000 EUR total |
| The European School of Management and Technology (ESMT Berlin) | 2 to 3 semesters (15 months) | Master of Business Administration in Innovation | 49,000 EUR total |
| Munich Business School | 3 semesters | Master of Business Administration in Leadership, Innovation & Entrepreneurship | 32,000 EUR total |
| The Berlin School of Economics and Law | 2 to 3 semesters (15 months) | Master of Business Administration in Entrepreneurship | 12,720 EUR - 14,240 EUR total |
| EU Business School | 3 semesters | Master of Business Administration in Innovation | 6,950 EUR total |
| The Technical University of Munich | 4 semesters | Executive MBA in Innovation and Business Creation | 9,000 EUR - 10,000 EUR per semester |
| HHL Leipzig Graduate School of Management | 3 to 4 semesters (15 to 21 months) | Master of Business Administration in Innovation | 29,900 EUR - 33,900 EUR total |
Here are the scholarships that you can avail for your MBA education.
DAAD Scholarship is a fully funded scholarship for students.
HHL Leipzig Graduate School Of Management Scholarship is only for women and covers 25% of their fees.
Mannheim School of Business Scholarships provides EUR 5000 for your studies.
Similarly, Frankfurt School MBA Scholarship also covers 25% of tuition fee for women with GMAT or academic excellence.
ESMT MBA Scholarships is a merit based scholarship that covers around EUR 1000-EUR 5000 of your tuition fee.
Heinrich Boll Scholarships for International Students is a partially funded scholarship that covers around EUR 1000 to EUR 1500.
Erasmus Scholarship Programs in Germany also covers your entire tuition fees.
The Friedrich Ebert Stiftung is also a partially funded scholarship that gives out 1000 EUR for your academics
Is MBA in innovation a difficult field to study?
MBA in innovation is a difficult field to study, especially for those who are not into creative thinking and are not passionate about it.
What is the value of innovation for businesses in today's era?
Innovation plays an important role in providing newer ideas and designs for products and services. Hence, it helps businesses grow their client base and reap better benefits.
What is the future scope for professionals with innovation skills?
As the marketplace expands, more and more businesses will originate. Hence, the demand for professionals with innovative skills will also increase. So the future is very bright for these professionals.
In which sectors can I get a job after MBA in innovation in Germany?
After MBA in innovation from a German university, you can work in the architecture, automotive, as well as healthcare industries.
What skills should I have to be a good innovative expert?
Innovators should have skills like creativity, curiosity, strategic thinking, etc.
Is there an age limit to pursuing MBA in innovation in Germany?
No, there is no age bar for students willing to learn this course in Germany.
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