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
| Degree Types | MS in Business Analytics |
| Course Duration | 1-2 years |
| Program Types | Full-Time |
| Admission requirements | Bachelor's degree in subjects such as business, finance, computer science, marketing, management, or any similar field | Statement of Purpose (SOP) | Updated Resume/CV | 2-3 LORs |
| Language Proficiency | IELTS: 6.5 | TOEFL: 80 | DSH Level-2 |
| Tuition Fee | 8,000-22,000 EUR (6.95 lakhs to 19.11 lakhs INR) |
| Average Salary | 51,000 EUR (44 lakhs INR) |
| Top Employers | Amazon, Big Point, Trivago, Zalando |
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:
| University | Program Offered | Application Deadlines | Tuition Fee (in EUR) |
|---|---|---|---|
| University of Technology, Chemnitz | MS in Business Intelligence & Business Analytics | January 15, 2023 (applications closed) | 277 |
| SRH University, Heidelberg | MS in Big Data and Business Analytics | Rolling Basis | 9,480 |
| Neu-Ulm University of Applied Sciences | MS in Business Intelligence and Business Analytics | March 15, 2023 | 1,500 |
| Otto Von Guericke University | MS in Operations Research and Business Analytics | June 15, 2023 | 129 |
| Stuttgart Media University (Hochschule der Medien) | MS in Data Science and Business Analytics | July 15, 2023 | 8,400 |
| Gisma Business School, Berlin | MS in Business Intelligence and Analytics | Rolling Basis | 16,000 |
| ESCP Europe Business School, Berlin | MS in Big Data and Business Analytics | March 27, 2023 | 22,400 |
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:
| University | Minimum TOEFL (iBT) Score | Minimum IELTS Score |
|---|---|---|
| University of Technology, Chemnitz | 72 | 5.5 |
| SRH University, Heidelberg | 90 | 6.5 |
| Neu-Ulm University of Applied Sciences | 90 | 6.5 |
| Otto Von Guericke University | 108 | 7.0 |
| Gisma Business School, Berlin | 90 | 6.5 |
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:
| Top Universities | Tuition Fee (EUR) | Tuition Fee (INR) |
|---|---|---|
| University of Technology, Chemnitz | 277 | 24,000 |
| SRH University, Heidelberg | 9,480 | 8.23 lakhs |
| Neu-Ulm University of Applied Sciences | 1,500 | 1.30 lakhs |
| Otto Von Guericke University | 129 | 11,200 |
| Stuttgart Media University (Hochschule der Medien) | 8,400 | 7.30 lakhs |
| Gisma Business School, Berlin | 16,000 | 13.90 lakhs |
| ESCP Europe Business School, Berlin | 22,400 | 19.46 lakhs |
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.
| Expense Type | Cost Per Month (EUR) | Monthly Cost Equivalent (INR) |
|---|---|---|
| Accommodation on Rent | 625 to 1,660 | 54,000 to 143,000 |
| Groceries | 168 | 14,500 |
| Gas and Electricity | 245 | 21,100 |
| Phone and Internet | 35 | 3,000 |
| Public Transport (Monthly Pass) | 70 | 6,000 |
| Entertainment | 12 | 1,000 |
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:
| Scholarships | University | Eligibility | Award Details (EUR) |
|---|---|---|---|
| SRH Scholarship for Master’s Students | SRH: Berlin University of Applied Sciences | Candidates studying Masters in SRH: Berlin University of Applied Sciences | 100% tuition fee waiver |
| SRH Scholarship for International Students | SRH: Berlin University of Applied Sciences | Candidates studying in SRH: Berlin University of Applied Sciences having financial needs and outstanding motivation | 50% first-year tuition fee waiver |
| German Scholarship | Otto von Guericke University, Magdeburg | Candidates studying Masters in Otto von Guericke University | 300 per month for two semesters |
| Deutschland Stipendium Program | Government of Germany | Enrolled in German universities and colleges, academic merit, personal achievements | 300 |
| Konrad Adenauer Stiftung Scholarships | Government of Germany | Bachelor’s degree, academic excellence, German language proficiency (B2 level), engagement in volunteer work | 861 per month for two years |
| Heinrich Böll Foundation Scholarship | Government of Germany | Bachelor’s degree, German language proficiency (B2 or DSH 2 level) | Variable |
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:
| Job Roles | Average Annual Salary in EUR | Salary Equivalent in INR |
|---|---|---|
| Business Analyst | 53,000 | 46 lakhs |
| Big Data Analyst | 59,000 | 51 lakhs |
| Data Analyst | 47,000 | 40 lakhs |
| Data Scientist | 55,000 | 47 lakhs |
| SAP Business Analyst | 74,000 | 64 lakhs |
| Business System Analyst | 62,000 | 54 lakhs |
| Management Consulting Analyst | 61,000 | 53 lakhs |
| Operations Research Analyst | 45,000 | 39 lakhs |
| Pricing and Revenue Analyst | 47,000 | 40 lakhs |
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.
| Particulars | Masters in Business Analytics in Germany | Masters in Business Analytics in UK |
|---|---|---|
| Duration | 1-2 years | 1-2 years |
| Eligibility Criteria | Bachelor's degree in subjects such as business, finance, computer science, marketing, management, or any similar field | Honors in a quantitative discipline like Mathematics, Economics, Statistics, Computer Science |
| Percentage Required | 65-70% | 60% |
| Work Experience | At least 1 year | 3 years |
| Language Proficiency | IELTS: 6.5 | TOEFL: 80 | DSH Level-2 | IELTS: 7.0 with 6.5 in each section | |
| Standardized test scores | Not required | 90th percentile in GRE or GMAT |
| Monthly Cost of Living | 783 EUR (66,463 INR) | 1,120 GBP (1.11 lakhs INR) |
| Tuition Fee | 8,000-22,000 EUR (6.95 lakhs to 19.11 lakhs INR) | 21,900 to 37,300 GBP (21.62 to 36.82 lakhs INR) |
| Graduate Salary | 51,000 EUR (44 lakhs INR) | 36,000 GBP (35.13 lakhs INR) |
| Top Employers | Amazon, Big Point, Trivago, Zalando | Barclays, Amazon, Deloitte, Citi, Accenture, HSBC, Cognizant, Deutsche Bank |
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
Ques: Is Germany good for MS in Business Analytics?
Ans: Yes, Germany is an excellent destination for pursuing a Master's in Business Analytics. Germany is home to some of the top-ranked universities in Europe, and many of these institutions offer highly acclaimed business analytics programs. These programs are designed to provide students with a solid foundation in data analytics, statistics, and business management, making them highly sought after by employers. Additionally, Most public universities for Masters in Business Analytics in Germany do not even charge any amount for tuition, but only a semester fee which ranges from 100-250 EUR (8,600 to 21,700 INR)
Ques: Is business analytics in demand in Germany?
Ans: Yes, Business Analytics is in high demand in Germany, as companies across various industries are increasingly relying on data-driven decision-making to remain competitive. There is a growing need for professionals who can analyze large amounts of data, derive insights, and make strategic decisions based on data-driven insights. With Germany being home to several multinational corporations such as Siemens, SAP, BMW, and Volkswagen, there is a high demand for skilled Business Analytics professionals who can help these companies improve their operations, increase profitability, and gain a competitive edge.
Ques: How much does a Masters in Business Analytics cost in Germany?
Ans: 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.
Ques: How much does a graduate of Masters in Business Analytics earn in Germany?
Ans: Graduates of Masters in Business Analytics in Germany can fetch a handsome average salary of 51,000 EUR (44 lakhs INR).
Ques: What are the top universities in Germany for MS in Business Analytics?
Ans: Some of the top universities in Germany for MS in Business Analytics are as follows:
- University of Technology, Chemnitz
- SRH University, Heidelberg
- Neu-Ulm University of Applied Sciences
- Otto Von Guericke University
- Stuttgart Media University (Hochschule der Medien)
- Gisma Business School, Berlin
- ESCP Europe Business School, Berlin
Ques: How much does a business analyst earn in Germany?
Ans: 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.
Ques: Who are some of the top employers for the graduates of Masters in Business Analytics in Germany?
Ans: Some of the top employers for business analytics graduates in Germany include global companies such as SAP, McKinsey & Company, IBM, Amazon, 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.
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