The future of big business lies in global marketplaces. Germany, a European commercial center and home to BMW and Bosch tools, boasts several MBA programs where graduates earn hefty salaries and benefit from international alumni networks and instruction. The top programs are also affordable, according to leading publications such as BusinessWeek and Financial Times.
Mannheim Business School
The average MBA graduate at Mannheim Business School earned a starting annual salary of $104,260 in 2013, according to "Bloomberg Businessweek." Graduates of the executive MBA program earned an average of $141,500 a year, according to "Financial Times" in 2012. "Financial Times" also reported that 79 percent of the faculty members have doctorates, and 11 percent are international. The tuition was $42,438 a year, making it one of the least expensive MBA programs in Europe. The school offers a unique joint MBA program with Tongji University in Shanghai, China, and it is accredited by AACSB International, AMBA and EQUIS, three top accreditation services for MBA programs.
WHU Otto Beisheim School of Management
The average graduate of the WHU Otto Beisheim School of Management’s MBA program in Dusseldorf earned a starting annual salary of $67,650 in 2013. The tuition was $45,010, not much more than Mannheim Business School, which was judged to be one of the more reasonable rates in Europe. Classes have around 33 students, which is among the best student-teacher ratios in Germany. Beisheim is the only private business school in Germany that’s a member of the German Research Association, which provides students with access to a network of partner universities, companies and alumni.
HHL Leipzig Graduate School of Management
Every member of the HHL Leipzig Graduate School of Management faculty has a doctorate, according to "Financial Times." That publication’s 2012 survey found that the average graduate from the school’s MBA program earns $87,838 a year. The school was ranked best in Germany for student satisfaction in 2013 by Universum. Leipzig graduates have gone on to found 130 start-up companies that employ 2,500 people, as of 2013, and the business school has partnerships with 110 universities. The school has six masters programs and about 1,500 alumni since it was re-established in 1992.
European School of Management and Technology
The average graduate of the European School of Management and Technology executive MBA program in 2012 earned $144,015. Students in the ESMT MBA program are segregated into small cohorts of no more than 60 students to encourage teamwork and ensure personalized, constructive feedback from teachers. The Berlin-based school was founded in 2002 by 25 leading German companies, including Daimler and Bosch. Its alumni network spans 40 countries, which gives students extensive networking opportunities. The tuition was $41,785 a year in 2013, among the most reasonable rates in Europe.