Postgraduate studies: Finance the Master

Unfortunately, it is not possible to say exactly how much a postgraduate course will cost you, because the Costs can be very different:

Great differences

SomeCourses are free of charge; others cost the second study fees of 500-565 EUR per semester, which are now standard in many federal states. There are also frequent study fees at state universities abroad. Much more expensive are the offerings of private universities and MBA programs, whose tuition fees in Germany average 17.000 EUR for the entire program.

In Europe the tuition is between 5.000 EUR at the University of Saarland and EUR 60.000 at London Business School. The cheapest offer in the US is Cornell University at $32.000, while Columbia University charges the most for the MBA degree: $70.000. Some institutions also charge an application fee. In addition, everyone should take a close look at the payment terms in the contract: Some universities offer installment payments so that the course can be canceled without major financial losses.

Other costs

The books on the subject (advertising)

But also the time expenditure and the expenses for the research, telephone calls and their own Application (e.g. by translating documents) and that selection must also be taken into account, as must the teaching material and the computer. Possible interest payments for a loan taken out as well as loss of earnings because you cannot work during your studies should also be considered.

Also the cost of Health insurance must be taken into account. It has not yet been legally clarified whether a master's degree is to be classified as an undergraduate course or as a second degree. This can result in some for students Problems arise in terms of tuition fees for a second degree or health insurance. After all, most health insurance companies are likely to get one here product join the AOK to insure at least consecutive master’s courses as a first degree with student health insurance. In other cases, postgraduate students can voluntarily insure themselves under special conditions (more on this in the course “Working during postgraduate studies”). In addition, of course, there are the expenses of daily living: rent, meals, medication, travel and transport costs.

Clarify financing in advance

The financing of a postgraduate course should be clarified in advance so that it does not have to be abandoned due to lack of money. Especially if you are aiming for an additional qualification abroad, you have to clear make that this is more expensive than in Germany and that the usual financing channels (e.g. a part-time job) may not be available.

In addition, many providers of the more expensive programs require confirmation from a bank of the applicant's financial background to ensure that the applicant is eligible Candidate can also bear the costs. In such cases, a financial plan is essential. With such sums Candidate rarely able to solely on their own assets recourse.

Enrollment or application?

Discounts for your success (advertising)!

While you can easily enroll in some postgraduate studies and then start your studies, you have to go through a complex application procedure for others (usually for all MBA courses). In general, a completed application form or a matriculation application as well as a certified copy of the final certificate belong to it.

If the MBA is studied abroad or as part of an international program, a certified translation into the national language or the program language is required mandatory. As a rule, two or more people should be given as a reference, with whom questions about the interested party are possible. Equally important are the expert opinions of one or more university lecturers, including certified translations if required. If available, job references/certificates of professional experience, internships, etc. should also be enclosed. Some institutions expect applicants to submit written statements on a specific topic, so-called essays. Language certificates are also required for foreign and international programs. The university should be asked which documents are required.

Top books on the subject

Read text as PDF

Acquire this text as a PDF (only for own use without passing it on according to Terms and conditions): Please send us one after purchase eMail with the desired title supportberufebilder.de, we will then send the PDF to you immediately. You can also purchase text series.

4,99€Buy

Advice on success, goal achievement or marketing

You have Ask about career, Recruiting, personal development or increasing reach? Our AIAdviser helps you for 5 euros a month – free for book buyers. We offer special ones for other topics IT services

5,00€ / per month   Book

Book eCourse on Demand

Up to 30 lessons with 4 learning tasks each + final lesson as a PDF download. Please send us one after purchase eMail with the desired title supportberufebilder.de. Alternatively, we would be happy to put your course together for you or offer you a personal, regular one eMail-Course - all further information!

29,99€Buy

Skate eBook as desired

If our store does not offer you your desired topic: We will be happy to put together a book according to your wishes and deliver it in a format of yours Choice. Please sign us after purchase supportberufebilder.de

79,99€Buy