Seven Reasons to Study Business in Munich

This article is sponsored by EU Business School.

You’ve been toying with the idea of studying in Germany for a few reasons: affordable fees, a robust economy, exposure to a foreign language or quite simply a need for a change of scenery… Perhaps you’ve looked at various courses in capital city Berlin, but have you considered Munich? There are lots of reasons why going to business school in Munich might be a smart decision; here’s a breakdown of the top seven!

1. Munich is… smack in the middle of the European Union.

A relative stone’s throw from London, Berlin, Paris and Brussels, Munich’s airport serves a host of low-cost companies and long hauls and has been named the best in Europe in 2015 by the World Airport Awards. Whether you are planning on attending interviews abroad, going inter-railing or visiting home for the Christmas break, quick and affordable travel should be achievable.

 2. Munich is… a major business hub.

If the idea of securing an internship or a graduate role with a Fortune 500 company appeals to you, then you might be interested to learn that Munich is home to the likes of Microsoft, Google, Allianz SE, Swiss Life, Intel and IBM…

There is a host of new jobs in Munich each year. As the German city with the lowest number of people out of work, Munich is an affluent and growing economic hub which saw a 24.5% rise in jobs in the financial sector in 2015.

Whether you are looking to import business expertise and skills back to your home country, or whether you wish to apply for jobs in Munich, studying in Germany might be just the thing to do to help your career take off!

It would be worth having a chat with your German university’s career guidance team about work permits in Germany if you are neither a national of an EU/EFTA country nor a citizen of Australia, Canada, Israel, Japan, New Zealand, South Korea or the US.

3. Munich is… a frontrunner in technology.

While Berlin is often touted as the startup capital of Europe, Munich is close behind as its geeky runner-up. According to the European Digital City index report, it has “strengths in high-tech and software industries, as well as other knowledge-intensive services.”

Munich is the HQ of about 22,000 high-tech brands all involved in the various sectors of the industry, including – but not limited to – cloud computing, aviation, automotive engineering and electronics. With tech events taking place nearly every day and a host of exciting new software startups, the city has an incredibly lively and exciting tech scene. In addition to taking advantage of your university’s alumni network and/or networking events, joining a few Munich tech groups on Meetup might be a great way to discuss job opportunities and prospects with Munich-based tech professionals.

4. Munich is… multicultural.

The city’s slogan ‘Munich loves you’ does a great job of capturing Munich’s spirit of inclusivity and openness. With about 90 international business communities, 16 international schools, more than 70 bilingual childcare facilities, 400 international clubs and 100 consular representations, it caters specifically to an international audience. A hotspot of diversity, Germany’s second biggest student city welcomed as many as 18,768 international students in 2015 (about 16.3% of its total student population).

 5. Munich is… comparatively cheap.

To give you an idea of how Munich compares in terms of general living expenses, the city occupies 87^th place in Mercer’s 2015 ranking of the world’s most expensive cities – in comparison to London in 12^th place and Zurich in third.

Accommodation in Munich can be significantly cheaper than in most large European cities, with the cost of renting out a furnished studio apartment in Munich averaging between €300 to €500 each month, depending on studio location and size. Food and eating out are also (happily) relatively affordable in Munich, where a Big Mac would set you back US$3.93 and cheap eats are a dime a dozen.

 6. Munich is… easy to get around.

With most of districts accessible by foot, Munich is a pedestrian city, but for longer distances you can always hop onto either branch of Munich’s transportation system (the MVV): the U-Bahn or the S-Bahn!

The MVV is one of the safest, cleanest and easiest-to-use public transportation systems in Europe – and affordable too, thanks to the MVV-Semesterticket, a concession season pass available for students when they travel within certain times of day.

 7. Oktoberfest.

Enough said.

Develop your leadership skills at EU Business School in Munich

Ranked a top 35 business school in Europe by QS Top MBA and accredited by ACBSP and IACBE, EU Business School favors small classes and an experiential approach to business learning. The school’s excellent employment record speaks for itself, with most of its graduates registered employed, in an internship or enrolled in further study within a mere six months of graduation. This is largely due to EU offering its graduates the opportunity to get a jobseeker’s visa of up to 18 months, which allows students to make the most of the bustling job market in Bavaria.

The school has campuses in Munich, Geneva, Montreux and Barcelona, and offers opportunities to participate in exchange programs in the UK, US, Malaysia, Taiwan, Russia and many other destinations. All courses are taught in English.