Cost of studying in Germany – Potential Expenses, Future Placements, Emerging Sectors

When planning the finances for studying in Germany, it is important to consider certain factors such as location of the university, city, whether the university is private or public, level of education and duration of the course.

Whereas public universities have tuition fees of around 1,000 Euros annually, private universities can charge up to 30,000 Euros. Accommodation charges approximately amount to around 6,000 Euros and other expenses can measure at an average of another 6,000 Euros. Visa requirements state the minimum of 8,040 Euros worth of financial backing mandatory annually for students. There are possibilities for scholarships as they have been made available to students. Expenses such as housing, rent, clothing, et cetera can be compensated for with part-time jobs and paid training periods.

Germany’s contribution towards the welfare of the European economy during the recession was an immense contribution and helped significantly in the recovery of Europe’s economy. With three million employees in its manufacturing sector, Germany is perhaps the world’s manufacturer with high-quality, efficient and durable products finding their shape in Germany. Over thirty of the biggest corporations in the world including Volkswagen, Mercedes Benz, Siemens, T Mobile and Allianz operate from their headquarters in Germany. With such corporate superpowers operating from Germany, it seems the German economy is simply infallible. The two words associated with Germany are innovation and precision, with thirty three thousand patents coming from Germany alone. This statistic goes on to show how pioneering and path-breaking Germany’s industries are the world over.

It is no secret that the world acknowledges Germany’s contribution in shaping industries, manufacturing, product research and development and engineering better machines and products. And having proven itself over and over as the pioneer of manufacturing, Germany has moved to other sectors and areas of growth and development such as healthcare, communications, pharmaceuticals and aeronautical engineering. These are areas that can generate more employment in the coming years for Germany, that is, these areas are the emerging sectors in Germany that will bring more jobs and placements and investment in the country. Keeping in mind Germany’s slow shift from manufacturing to service sector, markets like banking, finance and insurance service have been central to the shift Germany has experienced over the past few years. These sectors are predicted to keep growing till they reach their full potential. The banking and finance sector is set to become another of Germany’s strengths and is predicted to generate a lot more national wealth and employment.

The trend of university placements in Germany ensures that the students get work experience and in practicing so, it ensures in all-round knowledge and experience to produce hardworking professionals ready to fulfill their objectives at work. Placement drives ensure that the students gain work experience and a chance to achieve their full potential.

To find out more about German universities and their application processes, contact XL Pathfinders.