How do I find the right MBA??
There are several hundred MBA courses in Germany alone. There are thousands of people in Europe and worldwide. How to find the right and best MBA for yourself? We have the 5-point plan for the right MBA.
Table of Contents
Take your time!
The most important thing in the MBA study choice: the time! It’s not a full research weekend, but it will take you several weeks to find the best MBA program for you. Because it is not just about a university, tuition and admission criteria, but also about study models (full-time versus weekend vs. distance learning) and of course the study content.
Unfortunately not easy: Find the right MBA study
First of all: Do I want that at all? And what exactly do I want?
Are you sure you can survive the MBA? That’s not meant to be bad, but a serious question. The study brings a lot of stress, especially if it is to be completed extra-occupational. You need to be sure that your nerves, your family and your job are playing along.
- “I was looking for a degree program that promoted my general management and leadership skills.”
- “As a surgeon at a large German university hospital, I wanted to prepare myself for a leadership role and look beyond the box.”
- “To pierce the ‘surface tension’ to a leading position (e.g., departmental ladder).”
- “I just wanted to gain economics after studying law.”
- “Frankly, I decided to study for an MBA because I felt like it. Rather, in the back of my mind, I had a professional reorientation. “
- “After a few years of work experience, you can get some weight on it again and get new food for your head!"
Also to the question “What do I want exactly?”: Would you like to reorient your job or use the MBA for career reinforcement? And up to which company floor would you like to ascend? CEO? Or do you see your realistic chances in middle to upper management? In the latter case, you can also quite specialized MBA study courses smaller German universities look at. Only those who really want to go all the way up should do one of the European or German top-ranked MBA – whatever the cost.
First decision: full-time or extra-occupational? If extra-occupational: weekend or distance learning?
Can or do you want to interrupt your career and study a full-time MBA? That’s not as outlandish as it sounds at first. Many international degree programs are designed as one to one and a half year MBA studies. The students use the study time to study the subject intensively and to start a new position in a new position immediately after graduation.
Become Job does not want to give up, needs an extra-occupational MBA. There are different study and time models that you should pay attention to. Some part-time MBA have a block week once a month from Mondays to Sundays, others teach every weekend. And then there is the distance learning, which is very flexible, but where you have to teach almost everything alone. This is not for everyone.
Tip: For those who do not have the time for an MBA, the Mini MBA, a certification course, might be the right alternative.
Questions about the decision >
Second Decision: Specialized or Generalist?
With the next decision, you limit the choices directly by 80%: Do you want to “just” Gain new business knowledge or fundamentally expand existing knowledge? Or should industry-specific content be integrated into the MBA study, e.g. at an MBA Media Management, Sales Engineering or Logistics?
Originally, the MBA was invented to teach non-business students basic business administration know-how and management skills. As a humanities scholar, doctor, lawyer or engineer, you usually have very little idea about this, but you need more and more knowledge about budgets, financing and personnel management the higher you get on the career ladder.
For those who already have a bachelor’s degree (and possibly a master’s) in business administration, a generalist MBA study is less likely to be worthwhile, since some of the content is not really new. Unless the study is long ago and you want to refresh knowledge. Alternatively, you can choose an industry-specific study program, to expand this “niche know-how”. The same applies to those who want to change the industry and the professional field.
Questions about the decision >
Third decision: college, budget and accessibility
Now, the selection of eligible MBA programs should be quite limited. But of course there are still dozens of programs on offer. Therefore, it is now the deeper search:
- Which university offers the desired MBA??
- Where are the study locations??
- How much is the fun??
The shortest research you have, if you want to study a specialized MBA, because depending on the industry, there is only the choice between a few providers. More extensive is the case with generalist MBA programs. Who e.g. is looking for an extra-occupational generalist master, still has the choice between numerous colleges. If you would like to study extra-occupationally with occupational phases, ie not as distance learning, it makes sense to restrict yourself to a radius of about 200 kilometers around your home and work. Because it is exhausting to drive every few weeks across the Republic to attend lectures.
The next step is to narrow down the budget. There are MBA programs for 8,000 euros and those for 75,000 euros. Which budget do you have? And do not forget that there are other costs associated with tuition fees. In our survey, the average spend was around 18,000 euros.
Example calculation of a dentist:
- 32,000 euros tuition
- 8,000 euros interest for 5-year loan at the German APO Bank
- Cost of 65 attendance days and 1 week foreign module: flights, accommodation, arrival and departure, and food
- Total: 50,000 – 60,000 euros costs
Fourth decision: rankings and testimonials
What experiences have other students and graduates made with the universities that are suitable for you?? Write people for example about Xing. There are also groups of many MBA programs. Or look, when it comes to an MBA distance learning, at Fernstudium-Infos.de in the forum or at Fernstudiumcheck.de in the database.
In addition, we have compiled an overview of the MBA rankings for Germany. However, you will only find the top 7 business schools there – the dozens of others, some of them very good German MBA, do not appear in the international rankings.
Fifth decision: Do!
Now you should have all the info together. Decide on the basis of a consideration of study model and attendance times, costs and study content. And then you go in and go through your studies!
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