Masters in business analytics in Germany is a 1 to 2 year degree program offered by 10+ top universities in Germany. This program teaches scientific methods for analyzing and optimizing complex relationships in economics and management processes in various areas such as supply chain management, operations, logistics, etc. 

Masters in Business Analytics in Germany is majorly offered as full-time or extra-occupational course in most of the universities. A bachelor's degree in computer science, business informatics, data science or any related field with a minimum overall aggregate of 65-70% is required to apply for this program. The annual tuition fee of universities for masters in business analytics in Germany ranges from 8,000 EUR to 22,000 EUR (6.95 lakhs to 19.11 lakhs INR) depending on the university. 

Some of the top employers for business analytics graduates in Germany include global companies such as SAP, McKinsey & Company, IBM, and Siemens. Additionally, the scope of the program is vast, as almost all industries require data-driven decision-making, creating a high demand for business analytics professionals. Graduates of Masters in Business Analytics in Germany can fetch a handsome average salary of 51,000 EUR (44 lakhs INR).

Masters in Business Analytics in Germany: Highlights

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, application deadlines, and tuition fee: 

Note: In addition to the tuition fee, students may have to pay a one-time registration fee or other charges at the time of admission in some of the universities. Additional fee is also charged on a per-semester basis in few universities if a student exceeds the normal duration of the study. 

Why Study Masters in Business Analytics in Germany?

It is reported that the number of international students coming to study in Germany is increasing, with an average of 7% to 8% annual growth over the past eight years, according to statistics provided to Local Germany from Studying-in-Germany.org. Students prefer to study Masters in Business Analytics in Germany because of following reasons: 

• Business Analysts with less than one year of experience can earn up to 47,000 EUR (40 lakhs INR) per annum which increases up to 80,000 EUR (70 lakhs INR) with 10-19 years of experience. 

• In Germany, the immigration policies allow international graduates with a German university degree to obtain Job Seeker Visa and a German residence. Both permits are valid for 18 months and thus gives enough time to students to look for a job. 
• Big companies like SAP SE, Shell, Efficio, Microchip Technology, etc hire Business Analysts in Germany.
• Most public universities offering Masters in Business Analytics in Germany do not charge any amount for tuition., but only a semester fee which ranges from 100-250 EUR (8,600 to 21,700 INR)

Masters in Business Analytics in Germany: What It Is About

Masters in Business Analytics in Germany is offered as various specializations such as business intelligence, big data management, data analytics, data engineering, business informatics, and data science. After a four-month internship and a research project, students are required to provide and present a professional thesis to complete this program.

Mostly, masters in business analytics in Germany is made of core modules and three basic segments spread across the study period. The segments are:

• Data Science: Introduction to data mining & machine learning, data quality & visualization, big data, NoSQL & Watson analytics, and design thinking.
• Business Analytics: Business process analysis & data modelling, data-driven business strategy, analytical modelling, information systems management and managerial decision making & modelling.
• Analytical Applications: Accounting basics & financial reporting, financial analytics, management & consumer insights (marketing) analytics, enterprise systems improvement (SAP, IoT, etc.), digital manufacturing and supply chain and, digital entrepreneurship and innovation.

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.

Admissions Process of Masters in Business Analytics in Germany

A bachelor's degree in business, finance, computer science or related field is required to apply for Masters in Business Analytics in popular universities of Germany. 

Where to apply: Interested students are required to visit the university’s website and apply through the application webpage. However, international students can apply in some German universities through uni-assist portal. 

Eligibility for Masters in Business Analytics in Germany Admission

• Bachelor's degree in subjects such as business, finance, computer science, marketing, management, or any similar field
• Relevant work experience or internship
• Proof of English proficiency (IELTS or TOEFL test scores): IELTS: 6.5 | TOEFL: 80

Documents Required for Admission in Masters in Business Analytics in Germany

• Officially attested proof of successfully completed university entrance examination
• Curriculum Vitae with photo
• Letter or references (number of reference letters may differ per university)
• Internship report.
• Certificate of a language test 
• Officially attested copies as a proof of successful completion of bachelor’s degree at the home country with translation in German or English language
• Transcripts showing full details of subjects and grades offered in the previous institutions
• A copy of the passport or photo page of the passport.
• Essay or statement of purpose (if required) 

Also Check: German Student Visa

Proof of English Proficiency for International Students

International students are required to demonstrate proficiency in English as the program curriculum of Masters in Business Analytics in Germany is taught in English. Acceptable minimum score in some universities is provided below: 

Note: International students are also required to demonstrate sufficient knowledge of German for admission in some of the universities. Following certificates are accepted as proof of German language proficiency: 

• TestDaF 4 (minimum of 16 points, with at least 4 points in every sub-category)
• Deutsche Sprachprüfung für den Hochschulzugang (DSH), at least level 2
• telc C1 Hochschule
• Das Deutsche Sprachdiplom der Kultusministerkonferenz, level 2 (DSD II)

Admission Decision

Applicants are encouraged to submit the completed application to uni-assist as early as possible as it will be evaluated by uni-assist before being assessed by the university. The admission decision for all the universities listed above are mostly released within three to nine weeks on an average.

Cost of Study for Masters in Business Analytics in Germany

Applicants interested in studying abroad must have sufficient funding which is distributed into three categories: Pre-arrival cost, Tuition Fees and Cost of living. It costs an average of 18,000 EUR to study Masters in Business Analytics in Germany.

Tuition Fee of Masters in Business Analytics in Germany

Most of the public universities of Germany do not charge any tuition fee. Tuition fee of some of the universities for Masters in Business Analytics in Germany is provided below:

Cost of Living in Germany

The table below highlights the average cost of living in Germany including food, clothing, entertainment, cost of accommodation and transportation etc. 

Scholarships for Masters in Business Analytics in Germany

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

Scope for Masters in Business Analytics in Germany

Masters in Business Analytics in Germany trains students to work almost at any place where data and business trends are analyzed and processed. This is due to the fact that businesses and organizations need business analysts whether they are profit organizations or not. Business analysts can also move from industry to industry with ease. Thus, it is a very flexible career option.

Below are the top organizations where business analysts can work after graduation.

• Information technology organizations
• Finance/insurance companies such as banks and financial co-operations
• Government and public sectors such as government ministries and the civil service
• Business/professional consulting companies
• Healthcare and social services such as WHO, national health organizations, hospitals, etc.

Some of the jobs and their respective annual salaries after completion of Masters in Business Analytics in Germany are as follows:

Explore: Post-Study Work Visa in Germany

Masters in Business Analytics in Germany v/s Masters in Business Analytics in UK

Which country is better for Masters in Business Analytics: Germany or UK? The following table depicts the basic differences between the two countries.

There is a growing need for business analytics in Germany, especially in Berlin which is one of Europe’s largest cities because of the emergence of new start-ups and advanced technologies. Besides, it is a trending program for futuristic professions in countries involved with data and business. Moreover, a Masters in business analytics in Germany gives students the opportunity to go further into areas of Information Technology, Data Science, Business Intelligence and Management. 

FAQs

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