Spotlight on ESMT Berlin

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Prodigy Finance - June, 06 2021

6 min read

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Ready to learn everything you need to know about business masters degrees at the European School of Management and Technology in Berlin? You're in the right place!

ESMT Berlin has a somewhat unique history; in 2002, it was founded by 25 global companies and institutions such as Bosch, Siemens and T-Mobile. Although it’s young, it’s steadily grown in the rankings and the eyes of employers.

Nestled in Berlin, with easy access to Europe and the world, twelve months at ESMT will absolutely change your life and your career in truly incredible ways. International opportunities abound though many MBA grads accept employment in Germany and Europe.

Where is ESMT?

City: Berlin, Germany

City population: 3.52 million

Climate: Marine west coast climate type: winters are mild (Jan mean: 0.6°C/33.1°F) with more frost than snow; summers are moderate (Jul mean: 19.2°C/66.6°F)

Nearest airports: Berlin-Schönefeld Airport (SXF), Berlin-Tegel Airport (TXL), Berlin Brandenburg Airport (BER)

Time zone: CEDT from November-March (GMT+1); CEST from March to November (GMT+2)

ESMT Berlin fast facts

Private, non-profit business school

University enrollment: 233

Living alumni: 18,000+ in 40+ countries

A quick look at the latest ESMT Berlin MBA class

Full-time MBA students: 68

International MBA students: 94%

MBA countries represented: 34

Average work experience: 7.5 years

Average age: 30

Female MBAs: 35%

What can you study at ESMT Berlin?

ESMT Berlin ranks in 8ᵗʰ position in terms of value for money according to the latest Financial Times Global MBA rankings. The Economist puts ESMT in 10ᵗʰ position for European MBAs and Bloomberg Businessweek ranks it as the 15ᵗʰ place for international MBAs.

And that’s just for the full-time MBA programme; the EMBA and MiM programmes have their own, prestigious accolades.

Degree

Duration

Tuition Fees

Degree

Full-time MBA

Duration

12 months

Tuition Fees

€ 43,500

Degree

Executive MBA

Duration

18 months, part-time

Tuition Fees

€ 57,500

Degree

Masters in Management

Duration

24 months

Tuition Fees

€ 25,000

ESMT Berlin job placement

If you’re looking to change careers, ESMT offers an incredible support system to do so. In addition to a series of workshops, you have access to one-on-on career coaching with a dedicated mentor that you can reach out to during your time on campus. Plus, you’ll have the option to work with a corporate mentor, if you choose.

There are also consulting projects, recruitment events and corporate presentations in addition to CV books which are circulated among the school’s corporate connections.

Overall, there’s a lot of personal support and a number of networks you can tap into, making your post-MBA transition as smooth as possible.

€125,000 highest reported salary by 2017 MBA grads

85% 2017 MBAs received job offers within 3 months of grad

€80,000 median salaries (including bonuses) for MBA grads

88% of MBA grads accepted jobs in Germany

Curious to know what you could earn in the long run?

Studying abroad is an investment, and it’s important to know the return on investment of your masters degree. There’s a lot to consider, so we’ve put together a calculator which will help you estimate the potential returns over 20 years. Use our calculator to find out how much you could earn.

What's it like to live at ESMT Berlin?

Berlin is a culturally vibrant city and you’ll never be at a loss for something to do, eat or see - and ESMT is located in the heart of the city.

As it’s a smaller business school, you won’t need to worry about transportation while on campus; off-campus, you’ve got one of the most developed public transport systems to help you navigate your way through the city.

Upon admission, students are guided through the process of finding an apartment and settling in; while there isn’t on-campus accommodation available, the majority of students find a place to live before they arrive in the city. Luckily, Berlin is one of Europe’s least expensive capitals.

For food and diversions, it’s really only a matter of your imagination (and budget) as you’ll be able to find just about anything within the city. And, though you’ll find plenty of outdoor activities during the summer months, the city is equally enticing in winter, despite the cold.

How to get into the next ESMT Berlin MBA Class

At the top of the list for ESMT Berlin are the analytical skills of their applicants. that’s followed closely by international outlook, responsible business approaches and teamwork - all of which should give you a strong starting point for determining whether ESMT is right for you.

Typically, the admission rate is around 25% and applicants should keep in mind that ESMT admits a maximum of 70 MBA candidates annually.

Strong GMAT scores are expected, but they can be overcome (though you’ll want to address a low score in your essays) and you have the option of sending your CV in for a preliminary assessment before you submit your official application.

Interviews, which are a requirement for admission, are usually offered within two weeks after the receipt of your application. It’s strongly recommended to visit ESMT for your interview, but Skype interviews are offered if absolutely necessary.

When beginning your application, you may want to keep the following numbers in mind:

  • Average GMAT scores: 640
  • Work experience: 7.5 years average
  • Average age: 30

ESMT MBA admissions details

Work experience: 3 years min

Required essays: yes

Recommendations: 2

GMAT test: required, GRE also accepted

GPA: no min specified

Language test: required for non-native English speakers; a number of tests are accepted

  • Min TOEFL score: 95
  • Min PTE score: 64
  • Min IELTS score: 7

ESMT MBA cost of attendance

Tuition and fees: €43,500*

Living expenses: €1000 - €1500/month

Estimated CoA for 1 year: €61,500

*The fees include the cost for course materials

The estimated living expenses cost may be lower depending on the type of accommodation you choose. However, it doesn’t include the expenses for the pre-MBA courses, the international field exchange or Global Network exchanges.

For reference, the cost for the pre-MBA courses is €1500 plus living expenses. The same applies for the field seminar. There’s usually no extra tuition charge for the Global Network exchanges, though you will need to cover travel and living expenses.

Does ESMT Berlin offer scholarships to international students?

Given the size of the MBA programme, and the non-profit status of the university, you’ll find an impressive number of scholarship opportunities for MBAs.

ESMT offers a number of partial and full scholarships to incoming MBA candidates, though you will want to apply early for the best shot. As soon as you settle on ESMT Berlin as one of your top choices, you’ll want to familiarise yourself with your options.

The school clearly outlines the scholarships available, who’s eligible, deadlines and complete criteria for application to them.

Prodigy Finance international student loans for ESMT Berlin

Prodigy Finance offers loans for international masters students at the European School of Management and Technology.

Students from supported countries pursuing the MBA, EMBA and MiM programmes are eligible to apply.

  • MBA Maximum loan amount: up to 80% of the school-provided cost of attendance for full-time courses or up to 80% of tuition for part-time courses
  • Minimum loan amount: €15,000
  • Loan duration options: 7, 10 years or 15 years, depending on your program and application
  • All loans disbursed directly to the university according to due dates

Ready to transform your future with an MBA from ESMT Berlin?

Prodigy Finance provides loans to international masters students pursuing their MBAs at the European School of Management and Technology.