Study Master’s in Business Analytics Germany: Top Universities, Eligibility, Cost

Business Analytics in Germany: Studying MS in Business Analytics in Germany is a 1 to 3 years programme for advanced candidates who have a Bachelor’s degree in Computer Science, Business, Finance, Marketing, Management or an equivalent degree in a similar field. The study of Business Analytics (BA) gives companies the quantitative data to understand market trends, improve risk management processes, drive innovations, improve customer acquisition and retention strategies and reveal hidden trends related to human behaviour, etc. Such understanding helps companies make more informed business decisions, automate their processes and deliver better products to their customers.

Germany is home to some of the top universities in the world. Studying Master’s in Business Analytics in Germany will allow candidates to combine the right amount of information with practical training as they move along their course. While public universities in Germany do not charge a tuition fee, however, candidates are required to pay a semester fee, ranging from €150 - €300, which has to be paid at the start of each semester, the cost of studying MS in Business Analytics in Germany across private universities start at €11,000 and can go up to €17,000 for a year. Successful graduates after completing their Masters in Business Analytics course can expect a starting remuneration of €48,000euros - €66,000euros annually. And this would increase with time and added skills and expertise in the trade. Read on as we discuss pursuing Business Analytics in Germany, in detail.

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Why Study Masters in Business Analytics in Germany?

Germany with its state of the art universities complete with modern amenities has proved itself to be a leader in the field of Business Analytics. Students looking for top reasons to study Business Analytics in Germany can check the top reasons below:

• Low tuition fee
• Low cost of living
• State of the art universities that combine knowledge with practical training
• 18 month stay back period
• Candidates are allowed to work a total of 120 full or 240 half days per year
• Merit-based scholarships

Top Universities for MS in Business Analytics in Germany

Often time’s candidates are confused about the popular MS in Business Analytic universities in Germany. For the benefit of our readers, we have provided a list of the best Business Analytics universities in Germany for Indian students, below.

Best Masters in Business Analytics in Germany

University	Course	Duration
Humboldt University of Berlin Courses & Fees Admission FAQs Ranking	Masters in Business Analytics & Predictive Modeling	2 years (Full Time)
GISMA Business School, Hannover Courses & Fees	MSc Business Intelligence and Analytics	12 months (Full Time)
International School of Management, Dortmund Courses & Fees	M.Sc. in Business Intelligence & Data Science	2 years (Full Time)
SRH Hamburg Courses & Fees	M.Sc. in Digital Transformation Management - Business Analytics	2 years (Full Time)
SRH North Rhine-Westphalia , Hamm Courses & Fees	BSc Business Analytics	3 years (Full Time)

source: https://studyabroad.shiksha.com/ 

Eligibility for Masters in Business Analytics Germany

In this section, we are going to be talking about the eligibility criteria for Indian students looking to pursue MS in Business Analytics in Germany. Candidates looking to apply for Masters in Business Analytics Germany must have a recognized undergraduate, Bachelors degree in Computer Science, Statistics, Economics, Engineering degree or an equivalent degree in a similar field. Preferable with a GPA of 3.0 and above.

Many technical universities could require students to complete an internship as part of the eligibility process. However, this is on a case by case basis and not relevant for all universities in Germany. Candidates should work towards building their academic profile to assure themselves of a seat at a top German university.

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Masters in Business Analytics Germany: How to apply?

Universities in Germany either have rolling admissions or fixed admission deadlines. Candidates are required to check the university website or get in touch with our Shiksha Counselling Services to know about the admission process to German Universities. However, candidates applying to MS in Business Analytics universities in Germany are advised to apply early as there are many elements attached to the application process. Getting your academic profile ready, credentials in order, finances, scholarships and English proficiency tests are a few of the entails that are part of the admission process.

When to Apply for Business Analytics Germany?

Universities in Germany have rolling admissions or fixed admission deadlines. Read: Admission Deadlines for German Universities

Documents Required for Business Analytics Germany?

• CV
• Copy of certificate as well as grades of all lectures in the pre-study
• Motivation letters [Statement of Purpose (SOP) / What is a Letter of Recommendation (LOR)]
  • Sample Statement of Purpose (SOP) for MS in Business Analytics
• Admission Essays
• GRE or GMAT scores (optional)
• Proof of German language skills (optional)

English language Tests (optional)

• IELTS
• TOEFL
• PTE

Cost of Studying Masters in Business Analytics Germany?

Cost of studying MS in Business Analytics in Germany: As informed earlier, public universities in Germany do not require students to pay tuition fees, however, they are required to pay a semester fee at the start of every year, which is generally between €150 - €300. However, the cost of studying for a Master's in Business Analytics in Germany across private universities start at €11,000 and go up to €17,000 for a year.

Cost of Living in Germany: Candidates looking to live in Germany are required to open a Blocked Account. The Blocked Account has the required living expense for a student. This amount is decided by the government in Germany. As of January 1, 2021, keeping the rate of inflation in mind, the mandatory amount required in the Block Account for studying in Germany is €10,332 for an entire year or €861 for a month. Candidates would have to keep a little more than the said amount as the bank could levy a service charge on the student opening a Blocked Account in Germany.

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Scholarships to study MS in Business Analytics Germany

All German universities recognize talent and they value this talent by providing merit-based scholarships that can be found listed on the official website of universities. Candidates should also get in touch with admission officers to inquire about scholarships and ways to apply for the same. Candidates should note that it is important to apply to universities well ahead of deadlines to keep room for any special requests that the university might have as part of the scholarship application process. And there is a number of study abroad scholarships that are available to students wanting to study abroad provided by public and private organizations to promote education abroad. Candidates can check out the list of study abroad scholarships on our website.

German Student visa

Candidates going to study in Germany would require a German Student Visa for their entire duration of stay. The student visa would also allow students access to part-time work for 20 hours a week for their entire duration of the study or 120 full or 240 half days per year  Candidates should note that on completion of their study, they would be allowed an eighteen-month (18 months) post-study period to find employment in their field of study.

On getting employment within the said time frame they would be required to convert their post-study visa into a work visa and within two years of being on a work visa, they can apply for a permanent resident permit. In the unfortunate case that the candidate is unable to secure employment in the said 18 month period, which is highly unlikely, he would be required to return to his home country.

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Job Prospects for Masters in Business Analytics Germany

After successfully completing your MS in Business Analytics, the next thing that would cross your mind would be to land a perfect job to yield the best ROI. For the benefit of our readers, we have talked about top Business Analyst companies. These companies are out there to recruit top-notch talent who have pursued their MS in Business Analytics, these include, AbsolutData, Latent View, Mu Sigma Analytics, Manthan, Convergytics and Simplify360 to name a few. Successful graduates after completing their Masters in Business Analytics course can expect a starting remuneration of €48,000euros - €66,000euros annually. And this would increase with time and added skills and expertise in the trade. Read: Job Sectors in Germany

What are the Job Prospects for MS in Business Analytics?

Given below are fields that Business Analysts choose from on successful completion of their course. The different job titles may sound familiar in the beginning, however, they include the interpretations of data in various distinctive ways. Career Opportunities for MS Business Analytics include:

• Data Scientist: Responsible for dealing with data mining and analyzing large chunks of extracted data, data scientists mainly focus on math, statistics, understanding the trends, solving complicated data models, etc. Top Destinations: New York, NY, Chicago, IL, Washington, DC
• Data Analyst: Responsible for working on different tools and techniques to understand complex data models, Business Analyst or the Data analyst are required to build up visual representations of the data and provide appropriate information to the organization. Top Destinations: New York, NY, Chicago, IL, San Francisco, CA
• Pricing and Revenue Analyst: The main focus of a Pricing and Revenue Analyst is to analyze a company’s finances as they use their insights on financial data to help boost the revenue of the organization. Top Destinations: New York, NY, Chicago, IL, San Francisco, CA
• Operations Research Analyst: The operation research analyst is responsible for helping the organization in identifying and solving operational problems and making better decisions. Top Destinations: New York, NY, Washington, DC, Chicago, IL
• Business Intelligence Analyst: Business executives depend on the services of Business Intelligence Analysts or BI Analysts as they help make data-driven decisions for the company. Top Destinations: New York, NY, Washington, DC, Chicago, IL

Other professions include Market Research Analyst, Management Consulting Analyst and Big Data Analytics Specialist to name a few. A trend that is here to stay, MS in Business Analytics as a degree is here to stay and leaves promises of only growing bigger. 

Business Analytics v/s MS in Data Science: Which is better?

What is the difference between Business Analytics and Data Science? Confused about pursuing Data Science or Business Analytics? Check out the major differences between pursuing Data Science and Business Analytics in the table provided below.

Data Science	Business Analytics
Involves the science of data study using statistics, algorithms, and technology	Is defined as the Statistical study of business data
Involves a lot of coding skills	Involves minimal coding skills
Analysis results of Data Science cannot be used  on day to day decision making of the company	Analytics is often vital in making key decisions by management
The study does not answer clear-cut questions. The questions are mostly general in nature	The study answers very specific business-related questions mostly financial
Data Science uses both structured and unstructured data	Business Analytics uses mostly structured data
Data Science has the potential to take leaps and bounds especially with the coming up of Machine Learning and Artificial Intelligence	Business Analytics is yet to foray into artificial intelligence
Data Science depends largely on the availability of data	This is not the case for Business Analytics

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