Masters in Business Analytics in Germany

More than ten universities in Germany each offer a master's degree in business analytics, which can be completed in anywhere from one to three years. This curriculum educates students in the scientific methods for assessing and optimizing complicated linkages in economics and management processes in a variety of fields, including supply chain management, operations, and logistics, amongst others.

• In Germany, the majority of universities offer the Master of Science in Business Analytics degree as either a full-time or part-time extracurricular program.
• To be eligible for this program, you need to have a bachelor's degree in computer science, data science, business informatics, or any other discipline that is closely related.
• The tuition for the master's programs in business analytics that are offered by universities in Germany runs anywhere from 16,000 to 21,000 EUR, depending on the institution.
• In Germany, a business analyst may make up to 49,765 Euros per year using their skills.

Discover German Universities for Business Analytics

#Why study Masters in Business Analytics in Germany?

According to statistics provided to Local Germany by Studying-in-Germany.org, the number of international students coming to Germany to study has grown at an average rate of 7 percent to 8 percent annually over the previous eight years. This information was provided to Local Germany. Students typically choose to pursue their Master of Science in Business Analytics in Germany for the following reasons:

• Business Analysts with less than one year of experience have the potential to earn up to 44,000 EUR annually. In contrast, those with 10 to 19 years of experience have the potential to earn up to 60,000 EUR annually.
• Because of Germany's liberal immigration policy, international graduates who have graduated from a German university are eligible to apply for a Job Seeker Visa and to settle in Germany.
• Both permits are valid for 18 months, which provides students with sufficient time to search for employment opportunities.
• Business Analysts are needed by several of Germany's largest corporations, including SAP SE, Shell, Efficio, and Microchip Technology, among others.
• In Germany, public universities that provide master's degrees in business analytics often do not collect any kind of tuition fee from their students.

#Top Universities

The following table provides a list of well-known universities in Germany that are accredited to confer a Master of Science degree in Business Analytics. Also included are details regarding the length of the program, the total cost, and the tuition rate:

Note that in addition to the tuition fee, students may be required to pay a one-time registration fee or other charges when applying for admission to some colleges. These fees may be in addition to the tuition fee. If a student takes longer than the typical amount of time to complete their education, certain educational institutions will assess an additional cost on a per-semester basis.

#Course details

In Germany, students interested in obtaining a Master of Science in Business Analytics can choose from several different specializations, including data engineering,  business intelligence, data analytics, business informatics, big data management, and data science. For students to graduate from this program, they must first complete a research project and an internship lasting four months, and then write and defend a professional thesis.

A master's degree in business analytics in Germany typically consists of core modules and three fundamental sections that are spread out across the duration of the study period. These are the segments:

Introduction to data mining and machine learning, data quality and visualization, big data, NoSQL and Watson analytics, and design thinking are the topics that will be covered in this course.

The term "business analytics" refers to the analysis and modeling of business processes and data, as well as data-driven business planning, analytical modeling, information systems management, and the modeling and modeling of managerial decisions.

Accounting fundamentals and financial reporting, enterprise systems improvement (SAP, IoT, etc.), financial analytics, digital manufacturing and supply chain, management and consumer insights (marketing) analytics,  and digital entrepreneurship and innovation are examples of analytical applications.

#The following are some of the core modules:

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

There are also electives available, such as procurement and supply chain management, blockchain technology, emerging technologies, and FinTech.

#Admissions

To be eligible for admission to the Master of Science in Business Analytics program at one of Germany's more prestigious educational institutions, applicants need to possess a bachelor's degree in either business, finance, computer science, or a related discipline.

To apply, prospective students need to go to the university's website, where they will find application pages, and follow the instructions there. However, through the uni-assist portal, international students can apply to study at certain German universities.

#Eligibility

• a Bachelor of Arts degree in a discipline such as business, finance, computer science, marketing, management, or any other discipline that is comparable.
• employment experience or a relevant internship.
• Evidence that you are proficient in English (IELTS or TOEFL test scores).

Documents required

• evidence that the university admission exam has been completed and has been officially attested to.
• a curriculum vitae that includes a photograph.
• Letter or references (the number of reference letters required may differ per university).
• Report from the internship.
• a certificate obtained after passing a language exam.
• copies that have been officially authenticated as proof of having completed a bachelor's degree program in the applicant's home country, along with a translation of the document into either German or English.
• Transcripts from the preceding universities display all of the aforementioned subjects and grades in their entirety.
• A photocopy of the passport or the page containing the photograph from the passport.
• If necessary, please provide an essay or a statement of purpose.

#Proof of English proficiency

Because the Master of Science in Business Analytics curriculum in Germany is taught entirely in English, international students must demonstrate that they are proficient in the English language. The following is a list of several colleges' minimum scores that are considered acceptable:

Note that to get entry into some of the universities, international students will need to demonstrate that they have a suitable level of mastery of German. The following certifications may be presented as evidence that a person is proficient in German:

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

#Admission decisions

Applicants are strongly urged to submit their applications to uni-assist as soon as they are finished since uni-assist will evaluate the application before the institution conducts its evaluation. The decisions about admission to each of the aforementioned universities are often made public within a time frame ranging from three to nine weeks on average.

#Cost of studying

Applicants who are interested in studying in a foreign country are required to have appropriate money, which is divided into the following three categories: pre-arrival costs, tuition fees, and living expenses. In Germany, earning a master's degree in business analytics can typically set you back 18,000 EUR.

Pre-arrival expenses

The pre-arrival cost for overseas students is broken down as follows in the table that follows:

#Tuition fees

The majority of Germany's public institutions do not collect any sort of tuition fee from their students. The following is a list of some of the universities' annual tuition costs:

• Stuttgart Media University: 8,400 EUR
• ESCP Europe Business School: 20,000 EUR
• SRH University, Heidelberg: 9,480 EUR
• Gisma Business School: 16,000 EUR

Cost of studying

The following table provides an overview of the typical expenses that international students in Germany incur each month, including those for food, clothing, entertainment, the cost of lodging, and transportation, among other things.

#Scholarships

The following table provides an overview of some of the financial aid opportunities that are available to overseas students studying business analytics in Germany

#Career prospects

Students who get a Master of Science in Business Analytics in Germany gain the skills necessary to work in virtually any environment in which data and business trends are processed. This is because corporations and other types of organizations, regardless of whether they are for profit or not, require the services of business analysts. Business analysts also can easily transition from one industry to another. As a result, it is a professional path that offers a great deal of flexibility.

Following graduation, candidates for the business analyst role can seek employment with the following prominent organizations.

• Students who get a Master of Science in Business Analytics in Germany gain the skills necessary to work in virtually any environment in which data and business trends are processed. This is because corporations and other types of organizations, regardless of whether they are for profit or not, require the services of business analysts. Business analysts also can easily transition from one industry to another. As a result, it is a professional path that offers a great deal of flexibility.
• Following graduation, candidates for the business analyst role can seek employment with the following prominent organizations.
• Organizations specializing in information technology.
• Companies dealing in finance and insurance, such as banks and other financial organizations.
• Government and other public sectors, including ministries of the central government and the civil service.
• Companies that provide business and professional consulting services.
• Healthcare and social services such as hospitals, the World Health Organization, and other national health organizations are examples.

In Germany, namely Berlin, which is one of Europe's major cities due to the growth of new start-ups and modern technology, there is a growing demand for business analytics. This demand is especially prevalent in Berlin. In addition, individuals who get a master's degree in business analytics have the chance to advance their education in fields such as business intelligence, information technology, data science, and management.