WHY STUDY IN GERMANY?
Germany has always played a dominant role in Europe, both politically and economically. Even in today's date, German economy single-handedly provides stability to the Euro zone. Considered to be the hub of engineering and technological knowledge and expertise as well as a robust centre of the literature, music and the arts, Germany continues to attract people from all over the world because of its well-constructed education system. One of the largest countries of Europe, Germany's impact on the continent as well as the global economy is huge, not just with regard to cutting-edge technology and research for the manufacturing sector but as an important global trading partner raising questions and providing solutions concerning social, political and economic issues. The education system has earned a reputation for producing talent across disciplines that is often in great demand in the international labour market.
The structural variation is largely to do with the emphasis on gaining real world exposure through internships and placements as part of the programme of study. Additionally, a large focus on R&D projects and substantial investment on a macroeconomic scale into Research and Development enables institutions to attract elite faculty and students to further the learning curve of Germany. It's the perfect blend between theoretical frameworks and practical exposure with strong academic standards adopted to incorporate the best of both elements. Moreover, while the rest of the world is discussing how to make quality education more readily available, Germans have made world-class learning affordable, accessible and available to the large majority of its domestic and international population. When you further read about the universities and colleges there and the kind of education they offer, you will understand why studying in Germany is one of the most attractive options.
From a study conducted, ranks Germany 4th in terms of most popular destination for studying abroad. The high standard of education and practical teaching methods attracts huge number of students. Every German city has one University or college which is ranked among the top 250 institution worldwide. Also the county’s rich heritage and culture is a unique icon among foreigners and influence them to step into this country.
BOOMING SECTORS IN GERMANY
As the Euro zone crisis deepened in the aftermath of the global financial crisis as a consequence of financial contagion, Germany's consolidated service and manufacturing sectors kept Europe afloat. The country's strong tradition of research and innovation is a huge factor for its favourable economic situation. The 33,000 patent applications are evidence of Germany being at the forefront of European Innovation. Although the biggest 30 corporations such as Volkswagen, BASF, Siemens and Allianz contribute significantly to Germany's competitive advantage and innovation, there are thousands of SME's across a diverse range of sectors, particularly from Mechanical Engineering as well as nano and biotechnology that have a substantial impact in advancing innovation and growth. Germany's comparative advantage lies in designing and manufacturing complex high tech industrial goods that are largely used as capital goods and production technology.
The biggest sectors by far are automotive manufacturing, mechanical engineering, electrical and chemical engineering employing over 3 million people and generating revenues exceeding EURO 800 billion. Automotive manufacturing companies boast around 30% of internal spending on R&D, currently expanding expenditure on innovation in environmentally friendly vehicles, improving diesel efficiency and hybrid drives as well as the implementation of power trains. Like all other OECD countries, the service sector is the major contributor of GDP employing almost 30 million personnel in commerce, hospitality, transport, finance and corporate services. Banking and Insurance is the central pillar of the service sector and is the core supporting system of all manufacturing and development activities.
Anticipating global growth scenarios is a challenging task, however Germany has its foot set on building upon the strong foundation it has created. Industrial economies evolved into service economies and are now evolving into knowledge and network economies. The German economy is embracing all relevant megatrends to provide mobility and security as well as increasing technical efficiencies in bettering power generation as well as improving urbanised societies to be at optimal efficiency. The Energy Efficiency Sector, Energy Storage and Fuel Cell Industry, Nanotechnology as well as the Safety and Security Industries are amongst the anticipated areas indicating strong prospects for the future.
COST OF STUDY
Public Universities: EUR 1,000 per annum (approx.)
Private Universities: EUR 10,000 – 30,000 per annum (approx.)
Accommodation: EUR 6,000 per annum (approx.)
Other Living Expenses: EUR 6,000 per annum (approx.)