MBA, Full Time (1 year)
Program Detail
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| Program Name |
MBA, Full Time |
| Program Overview |
|
| Areas of Study |
- Accounting
- Economics
- Finance
- General Management
- Marketing
|
| Joint Degree Offered |
No
|
| Delivery Format |
Blended / Hybrid
|
| GMAT Score |
GMAT Accepted
|
| Tuition & Fees |
Per Credit Hour: USD 750
|
| Financial Aid Availability |
No
|
Start Dates &
Application Deadlines |
| Start Date |
Application Date |
| 6/2/2014 |
|
| 8/25/2014 |
|
| 1/9/2015 |
|
This program accepts rolling admissions.
|
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MBA Costs
An MBA course can cost from around 8,000 euros to
over 50,000 euros. A lot of money for the prospect of
career jumps and salary increases. We have created a
realistic overview of the MBA costs and help to classify
the different prices.
First of all, we wanted to know the total cost of
graduating from an MBA. We started an anonymous survey
and received the following answers.
You can see that the expenses are quite broadly
distributed. Almost 40% are between 15,000 and 25,000
euros , but it is also not uncommon to spend more than
30,000 euros. It is important to know that we asked
about the total costs, i.e. including teaching material
and possibly accruing accommodation and travel costs.
MBA studies - costs for tuition fees
The biggest factor is usually tuition fees. You could
say that on average these costs are around 17,000 euros,
but an average value honestly does not do it
justice. There are numerous MBA courses, mostly
thematically specialized, that cost between 8,000 and
15,000 euros . And there are many who charge tuition
fees of more than 25,000 euros.
We searched our course database and listed typical
tuition fees below. In principle, it can be said that
distance learning courses are usually cheaper than
(part-time) face-to-face courses. This is in the nature
of things, since the costs for teaching staff, place of
study, etc. are higher for a course of study.
Don't forget when deciding: additional costs
It is very difficult to say generally what additional
costs you will face for your MBA studies. It depends
very individually on the respective program. For most
MBA distance learning courses, no excursions are
integrated into the course of study. The situation is
different with part-time presence and especially
full-time courses.
Examples:
- At the FHDW, an excursion (to China or India) is
included in the tuition fees. Participation in the
second excursion costs around 1,200 euros. Flight
costs are not included.
- The University of Würzburg integrates stays
abroad in Boston, Florida and Beijing into the MBA
course. Here too there are extra costs, e.g. for
flights.
- The Steinbeis Center of Management and
Technology also offers trips to the USA, England and
Korea. The costs are not included in the normal
tuition fees.
- At the North Academy you can optionally take
part in the International Weeks in Mexico, China or
Russia. The cost of flight and accommodation comes
on top of the normal tuition fees.
But it is not only excursions abroad that need to be
taken into account when planning your MBA. It is not
uncommon to choose an MBA that is not close to where you
live. This means that hotel rooms have to be booked for
weekend events. The costs for this can also be between
500 and 800 euros per semester and thus a total of
around 2,000 euros and more.
A small part of the MBA costs make up the purchase of
teaching materials. This can almost be neglected when
planning.
International MBA programs are more expensive
If you do not want to do an MBA at a German
university, but rather are oriented abroad, you should
usually expect higher prices.
The reason to do an MBA abroad can only be the
reputation or the ranking of the business school. And
here the top universities in Europe or even worldwide
charge fees of 50,000 euros and more. Not to forget, of
course, the high expenses for travel and accommodation.
Is the cost of studying for an MBA worth it?
First of all, you should consider that the
expenditure for the MBA will decrease somewhat
afterwards, because it is tax-deductible. With the
thumb, you can get back about 30 - 50% of the costs. And
if you research intensively, you may also find a
suitable scholarship, which makes funding easier.
But honestly - is it worth the expenditure? We say
yes". Not (only) out of our own conviction, but also
because of the numerous positive experience reports
of the graduates we randomly selected and interviewed.
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