Studying at a Private University with Scholarships and Co.
Financing the Master programs (MBA and M.Sc.) at the private business school HHL – Leipzig Graduate School of Management
"An investment in knowledge always pays the best interest," American statesman Benjamin Franklin once said. Tuition fees should not discourage anyone. The job prospects for HHL alumni show: the Master's degree opens the door to wide networks and therefore outstanding career opportunities for the graduates.
Excellent education leads to top entry-level salaries and fast career development
Melanie Petersen, Head of the HHL Career Service, says: "Due to the name HHL, our students often receive a job offer during their studies or mostly within three months after graduation. HHL graduates tend to go into strategic consulting or start work in international companies. The average starting salary for HHL M.Sc. graduates is EUR 62,500 and therefore a good 50 percent higher than the average salary for Master graduates from other German universities. Due to the excellent quality of the training at HHL, we see a fast career development among our graduates in addition to very high job security. The average salary exceeds EUR 80,000 after only three years." What is not known to many people but not to be underestimated is the fact that all costs incurred in connection with a Master's program are tax-deductible according to Ms. Petersen. This often reduces the tax burden significantly and lowers the actual costs of the training.
Sparkasse Leipzig as a financing partner for students
The tuition fees at HHL constitute EUR 25,000 for the 21 to 24-month M.Sc. Program and EUR 27,000 for the 18-month MBA Program. Sparkasse Leipzig has been a long-term partner in financing matters. "Sparkasse Leipzig has been a financing partner for students wishing to obtain a degree from HHL for many years. We take care of all financial aspects of the program so that the students can fully focus on studying. Admission to HHL suffices as a guarantee for us. We do not require any further security," says Matthias Blum, Deputy Branch Manager at Sparkasse Leipzig.
An example of how well the financing offer is accepted by students is Dirk Graber. The HHL alumnus and founder of Mister Spex, the largest online retailer for branded glasses in Germany, says: "My decision to study at HHL already paid off after the very first day. I financed the tuition fees, an investment in my career opportunities, through a student loan from Sparkasse Leipzig. My job at Boston Consulting Group (BCG) allowed me to repay the loan within two years."
There are various other forms of financing such as scholarships, educational funds or loans for outstanding applicants for the Master programs at HHL.
Scholarships
In addition to the National Scholarships, there are three one-year HHL "Effective and Responsible Leadership" scholarships available for the Master in Management (M.Sc.) Program. They cover up to 50 percent of the tuition fees and may be extended. Prospective students interested in the MBA Program at the Leipzig hotbed for managers can apply for one the of HHL scholarships called "Young Leader", "Future Entrepreneur" or "Women in Business". These scholarships cover up to 50 percent of the tuition fees as well. Further information on HHL scholarships is available at:
www.hhl.de/scholarships
Educational funds or loans
An educational fund or loan generally finances the tuition fees and the costs of living. In most cases, repayment is closely connected with the alumnus' future income. The sum for repayment is limited to a maximum amount.
Financing options for the Master Programs (MBA und M.Sc.) at HHL are offered by e.g. Career Concept (educational fund), DKB (educational fund), Deutsche Bank (student loan), Sparkasse Leipzig (student loan) and KfW Group (student loan). US students may receive financial assistance for a study program in Germany from their own country (FAFSA). German students may apply for BAfÖG when studying at a private business school. Further information on education funds and loans is available at:
www.hhl.de/financing
HHL – Leipzig Graduate School of Management
HHL is a university-level institution and ranks amongst the leading international Business Schools. The goal of the oldest business school in German-speaking Europe is to educate effective, responsible and entrepreneurially minded leaders. In addition to HHL’s international focus the combination of theory and practice plays a key role. HHL stands out for its excellent teaching, its clear research focus, its effective knowledge transfer into practice as well as its outstanding student services. The school offers a 21- to 24-month full-time (24-month part-time) Master program in Management leading to the degree Master of Science (M.Sc.). In addition, HHL has an 18-month full-time (24-month part-time) MBA Program for professionals. An 18-month Global Executive MBA, the 24-month Euro*MBA, as well as a three-year doctoral program, which can also be completed by professionals with the appropriate qualifications, tops off HHL’s portfolio of degree programs. HHL’s subsidiary HHL Executive GmbH offers company-specific and open enrollment executive education. In April 2004 HHL received the highly-respected accreditation by AACSB International. The maintenance of accreditation for a further five years was granted in April 2009. More information:
www.hhl.de