Masters in Business Analytics in Germany: Admission 2024-25, Top Colleges, Fees, Scholarship and Placement

Highlights

• English-taught Courses: Most of the Masters in Business Analytics courses offered by German universities are in English, so as an Indian student, you can opt for them even if you don’t know any German (yet).
• Tuition Fees: The tuition fees to study Masters in Business Analytics ranges from EUR 8,000 to EUR 22,000.
• Admission Requirements: Bachelor's with GPA of 2.7 (80 - 85%) in a relevant field and English proficiency (IELTS score 6.6) is required for admission to Masters in Business Analytics in Germany.
• Salary Range: Masters in Business Analytics graduates earn a starting salary of EUR 50,000.

Masters in Business Analytics is a 1-2 year program based on whether you’re taking the course full-time or part-time, offered by 35+ universities in Germany. The course is taught in English in most colleges, so as an Indian student, you need an IELTS score of 6.5 to enrol. This course prepares you for a career in business strategy and analysis—a fast-growing, high-paying field with low barriers to entry.

Admission to Masters in Business Analytics in Germany is moderately difficult as an Indian student. You need a strong academic background, with a Bachelor's GPA of at least 2.7 (German grade, equivalent to 80-85% in India), in business, finance, computer science, marketing, management, or any other relevant field. The program takes place in the Summer and Winter semesters, and applications are typically accepted in January and July, respectively.

The Return on Investment for Masters in Business Analytics in Germany is substantial, with tuition fees ranging from 8,000 EUR to 22,000 EUR, and a starting salary of nearly EUR 50,000. An important point to note about English-taught German courses is that if you plan to stay in Germany, knowing the language (at least B2 for technical fields, C1 for management roles) is crucial to find jobs in the country.

Top Universities for Masters in Business Analytics in Germany

Some of the top universities for Masters in Business Analytics in Germany are listed in the table below along with the program offered and application deadlines:

Course Modules

Masters in Business Analytics course is a combination of traditional analytics like statistics, econometrics, optimisation, simulation and modern analytics like machine learning and artificial intelligence using R and Python. The two approaches are taught together to deliver business insights in the areas of economics, management, and entrepreneurship. Some of the core modules include:

• Data discovery visualization
• Data-Driven decision making
• Predictive analytics
• Research methods, professional development, and dissertation/project

There are also electives to choose from such as emerging technologies, blockchain, FinTech & procurement, and SCM.

Why Study Masters in Business Analytics in Germany?

Business analytics is now applied across all domains and industries to derive insights that can be used for future business planning. Consequently, the market is expected to register a CAGR of 8.07% in the next decade.

• Germany is home to several mega conglomerates like SAP SE, Shell, Efficio, Microchip Technology, etc, providing job opportunities for Indian Business Analytics graduates.
• The practical approach to education in Germany makes students industry-ready, so you can find jobs easily in India (if you so choose) by using your international qualifications.
• The average annual salary of a Business Analyst is EUR 50,000, and several Indians find placement upon graduation.
• You can stay for 18 months in Germany after the completion of your course to look for jobs.

Masters in Business Analytics in Germany Admission

The Masters in Business Analytics in Germany admission process includes online application through these platforms:

1. University portal
2. My Assist
3. My Assist (VPD) + University portal

Eligibility Requirements

What you need for admission to Masters in Business Analytics in Germany as an international student is tabulated below.

If your transcripts are in a language other than English or German, you will need to provide an official translation of the document.

Masters in Business Analytics in Germany Fees

The cost of attendance for Masters in Engineering Management in Germany includes tuition fees and living expenses. Public universities in Germany, which used to be free for domestic as well as international students, now charge a tuition fee of EUR 4,000 – 5,000 for Indian students.

Some popular universities and their course fees are provided below.

Cost of Living in Germany

Living in Germany is comparatively affordable. Apart from tuition fees, as an Indian student your living expenses will include accommodation, transport, groceries, phone and internet, gas and electricity, and other miscellaneous expenses.

Part-time jobs are a popular way to manage living expenses in Germany. For instance, “Hiwi” jobs, or assistantships (research assistant, teaching assistant, graduate assistant) are taken up by Indian students to supplement their income.

Masters in Business Analytics in Germany Scholarships

The table below shows some available scholarships for international students in Germany pursuing masters in business analytics:

Masters in Business Analytics in Germany Placement

Equipped with skills that are needed for data mining and analysis, Masters in Business Analytics in Germany graduates can find job opportunities across various sectors, including IT companies, finance/insurance companies such as banks and financial co-operations, government and public sectors, business/professional consulting companies, and healthcare and social services such as WHO, national health organizations, hospitals, among others.

Germany graduates can find job opportunities across various sectors, including:

• IT companies
• finance/insurance companies such as banks and financial co-operations
• government and public sectors
• business/professional consulting companies, and
• healthcare and social services such as WHO, national health organizations, hospitals, among others.

Some of the top employers for business analytics graduates in Germany include global companies such as SAP, McKinsey & Company, IBM, Amazon, and Siemens.

Work Visa

Germany offers various types of work permits to foreign citizens who want to find employment in the country. Some of these include EU Blue cards, General Work permits, freelance work permits, etc. Your chances of obtaining a Blue Card are directly impacted by any job offers you hold when applying for a work visa.

Types of work visas in Germany include:

• Germany Job Seeker Visa: This visa allows foreign nationals to stay in the country for 6 months, find jobs in Germany and apply for a work permit.
• The EU Blue Card: The EU Blue Card is a residence and work permit offered to non-EU nationals. This permit allows foreign residents to stay in Germany for 4 years.

EU Blue card holders can apply for permanent settlement after completing 33 months of residence in Germany.

• Temporary Resident Permit: If you have this permit, you can stay in Germany for more than 90 days, up to one year.

You will need financial proof and health insurance to apply for a visa in Germany.

Returning to India After Masters in Business Analytics in Germany

Be it because of the language barrier or simply homesickness, several students want to return to India after they’ve completed their Masters in Business Analytics degree. If you are one of them, here are some things you should keep in mind while planning your move.

• Be careful how you present yourself, as it might create the impression that you are not employable in the place where you graduated.
• German companies with branches in India are your best bet after a Masters in Business Analytics. Siemens, Bosch, Mercedes, and many others will value your German education and experience.
• With German companies, you will not only find better pay, but you might also have a chance to be assimilated back to Germany at a later date.
• With a Business Analytics degree, you can apply to any organization that deals with data. Keep looking for vacancies across sectors, and don’t restrict yourself to tech companies.

Business Analytics is a growing field with many applications, and a Master in Business Analytics in Germany can open up many doors for you. Plus, the German student visa success rate for India is around 90%, so there is a good chance for you if you’re planning to immigrate to Germany.

Frequently Asked Questions