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Masters in Business Analytics

Masters in Business Analytics in Germany for Indian Students 2024

With its renowned education system, cutting-edge curriculum, and vibrant multicultural environment, Germany provides an ideal setting for aspiring business analysts to thrive and excel in their careers.

Pursuing Masters in Business Analytics in Germany provides the opportunity to collaborate with leading industry experts and multinational corporations enhances students’ learning experience and expands their professional network.

Table of Contents

Masters in Business Analytics in Germany: An Introduction

Business Analytics, is the process of transforming a large amount of business data into insights which are useful for analyzing planning, creating and executing important strategic decisions in an organisation.

These insights are in the form of reports, dashboards, and visualizations that aid in presenting business models for administering the company or an organisation. 

Business analytics allows companies to uncover market trends, customer behaviour, preferences, and needs which is critical for business success.

Why Masters in Business Analytics in Germany?

Masters in Business Analytics or MS in Business Analytics in Germany is a full-time 1-2 years specialised degree program which trains aspiring business professionals in their domains to have a better understanding of various analytical techniques, tools, and methodologies used to analyze data and derive insights to support decision-making.

Here, we have provided the various reasons to pursue Business analytics course in Germany.

High Academic Excellence: Germany has a top-class academic curriculum, modern infrastructure, advanced technology and skilled faculty which have contributed in an extraordinary way to make Germany a pioneer in the global education sector.

QS World Ranking 2024: About 49 German universities have made their way into the list of QS World University Ranking 2024 which shows the commitment and dedication that they have put forward to make the German education system a model for all other countries, especially in Europe.

Global Recognition: The MS in Business Analytics in Germany provides global recognition to its graduates in all sectors due to the unique and prestigious identity of academic standards of Germany.

The country has witnessed a higher surge in incoming Indian students in the year 2023 as compared to 2022 when approximately 45,000 aspirants went there to fulfil their dreams by pursuing various courses and programs that offer expertise and wide career options to them.

Skill Oriented Learning System: Masters in Business Analytics in Germany follow a dual study curriculum where equal focus is placed on theoretical as well as practical learning.

The Students get the chance to complete their academic lessons from the university while getting vocational training from a company with which the university has a partnership.

Exposure to Multiethnic Atmosphere: While you are in Germany, you cannot avoid attending the many colourful and exciting events happening there whether it is off campus or on campus.

Germany is also known as ‘another home’ to Indians who have resided in the country for years and continue to spread the vibrant aroma.

This will not make you feel homesick or depressed because you have better opportunities to engage with them regularly everywhere.  

Curriculum of Masters in Business Analytics in Germany

Some German institutes offer admission to Masters in Business Analytics which may be of 2.5 years duration that includes classroom, practical and direct university-to-industry internship opportunities.

Here, we have given some of the common curricula that are included in Masters in Business Analytics in Germany for international students:

  • Analytics Systems
    Analysis & Design
  • Big Data Analytics
  • Business Intelligence
  • Computational Methods
  • Data Modelling
  • Ethical and Legal
    Aspects of Analytics
  • Financial Analytics
  • Industry Internship
  • Strategic Management

Top Universities for Masters in Business Analytics in Germany 2024

UniversityQS World University Ranking 2024Average tuition fees (per year)Specialisation
Universität Heidelberg8No tuition feesMS in Data and Computer Science
Universität Heidelberg8No tuition feesMS in Data and Computer Science
RWTH Aachen University22No tuition feesM.Sc. Data Analytics & Decision Science
Humboldt-Universität zu Berlin25€100,00M.Sc. Business Analytics & Predictive Modeling
University of Cologne38No tuition feesMS in Business Analytics & Econometrics
University of Mannheim, Business School46Only semester fees (€204.30)Master in Management Analytics & AI
SRH University, Heidelberg66€8,900MS in Big Data and Business Analytics
Frankfurt School of Finance & Management70No tuition feesMaster in Applied Data Science
Neu-Ulm University of Applied Sciences-No tuition feesMS in Business Intelligence and Business Analytics
Stuttgart Media University (Hochschule der Medien)312€650,00MS in Data Science and Business Analytics

Eligibility Criteria for Masters in Business Analytics in Germany

The eligibility criteria for seeking admission to Masters in Business Analytics in Germany are:

Direct Admission

Indian students who have completed their undergraduate degree program in BBA Honours or any other program in commerce stream (that includes Economics, Statistics and/or Mathematics and/or Information Systems and/or Informatics) of 4 years duration are eligible to be admitted to masters in business analytics in Germany directly by applying on the university website. 

Some universities like the Technical University of Munich want students to undergo the qualification check on Uniassist before making an application for the course on their website

Indirect Admission

In case an Indian student has completed his/her undergraduation in a 3-year degree course like Economics, Statistics and/or Mathematics and/or Information Systems and/or Informatics, they need to complete the preparatory course through Studienkolleg to become eligible for masters in business analytics in Germany.

Documents Checklist

  • Minimum CGPA of 7.0 or GPA of 2.7-3.5 in bachelor’s degree course.
  • Academic transcripts like marsheets, degrees, school/college leaving certificates etc.
  • Duly completed Application form
  • Depending on the university, students may be asked to produce an aptitude test score.
  • Results of English-language proficiency tests such as IELTS/TOEFL.
    6.5 for IELTS
    60-90 for TOEFL
  • Some universities need German proficiency like TestDAF
  • 2-3 Letters of Recommendation
  • 1-2 Statement of Purpose
  • 2 years of work experience (non-consecutive course)
  • APS Certificate
  • 2 passport-sized photographs
  • Blocked Account for showing proof of funds (Minimum €11,208 must be deposited before applying for study visa)
  • CV (if required)
  • Passport
  • Evaluation of Bachelor’s certificates by Uniassist
  • Health Insurance

Study Intakes in Germany 2024

Intake typeCommencement of ApplicationApplication DeadlinesCommencement of Session
Summer intakeDecember 2023January 2024April-May 2024
Winter intakeJanuary 2024May 2024August-September 2024

Business Analytics Jobs in Germany

Business Analytics graduates are able to find many diverse career options after completing their MS in Business Analytics in Germany and around the world. Below, we have listed the top industries of Germany which prioritise utilising the skillsets of a business analytics graduate in growing and developing their organisations and enterprises.

  1. Banking and Finance: Risk management, fraud detection, customer segmentation, investment analysis, and portfolio optimization.
  2. Education: Analyzing student data, including academic performance, attendance, and engagement metrics.
  3. Healthcare and pharmaceuticals: Patient care management, resource allocation, operational efficiency, and clinical research.
  4. Manufacturing: Supply chain management, production planning, quality control, predictive maintenance, and process optimization.
  5. Online businesses: Customer behaviour, preferences, and demographics
  6. Retail: Customer behaviour, optimising pricing strategies, forecasting demand, managing inventory, and personalising marketing efforts.
  7. Telecommunications: Customer usage patterns, optimize network performance, predict equipment failures, and improve customer service.

Below is the list of popular and highest-paying business analytics jobs in Germany in 2024.

Job TitlesAverage Salary (per year)
Business Intelligence Analyst€48,000-62,000
Senior Data Analyst€60,000-76,000
Data Scientist€60,000-75,000
Business System Analyst€50,000-73,000
Management Analyst€52,000-53,000
Market Research Analyst€45,000-55,000
Big Data Analyst€71,000-82,000

Conclusion

In conclusion, pursuing a business analytics course in Germany as an international student offers a wide variety of benefits and opportunities. With its renowned education system, cutting-edge curriculum, and vibrant multicultural environment, Germany provides an ideal setting for aspiring business analysts to thrive and excel in their careers.

Through rigorous coursework, hands-on projects, and real-world case studies, students gain invaluable insights and practical skills in data analysis, statistical modelling, and business intelligence. Moreover, the opportunity to collaborate with leading industry experts and multinational corporations enhances students’ learning experience and expands their professional network

FAQs

Why are public universities better than private establishments to pursue a Business Analytics course in Germany?

Although, German universities are the best in the world to pursue any course, be it public or private because of low or no tuition fees and good affordability, public institutions of Germany are ranked higher in the QS World University ranking and Times Higher Education ranking as compared to private establishments because of varied and inclusive learning environment at public universities as well as the high emphasis on practical education and real-world experience.

There are several German universities which can be regarded as the favorite hotspots among the International community to pursue business and management courses. Some of them are the University of Mannheim, Technical University of Munich, WHU – Otto Beisheim School of Management, LMU Munich, Freie Universitaet Berlin, RWTH Aachen University.

For Indian students, the cost of living in Germany is approximately 10,200-12,000 EUR per year.

If you are an aspirant looking to study at your dream university, book an appointment with AdmitX today and start your applications early to avail yourself of all the benefits.

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