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Avg. Cost of Study
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Introduction to University of Cologne MIM
The University of Cologne offers a prestigious Master in International Management (MIM) program that equips students with the skills and knowledge needed for success in the global business arena. This four-semester program, conducted entirely in English, awards a Master of Science degree and consists of 120 ECTS credits.
The MIM program at the University of Cologne is part of the CEMS Global Alliance, comprising 34 leading business schools worldwide and over 80 multinational corporations and NGOs. Students benefit from a dynamic blend of management theory and practical business experience, including internships and a mandatory semester abroad. The curriculum emphasizes strategy, leadership, and sustainable business practices.
The program fosters cultural diversity, teamwork, problem-solving abilities, and language proficiency, preparing graduates for leadership roles in various industries. Financial support options, including scholarships and interest-free loans, ensure that students can pursue their academic ambitions. The University of Cologne’s MIM program is a gateway to a versatile and geographically mobile international career, with a high percentage of graduates employed within three months of graduation, often in multinational companies.
Why Study University of Cologne MIM?
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There are several compelling reasons to consider studying the Master in International Management (MIM) program at the University of Cologne:
Academic Excellence: The University of Cologne is known for its academic excellence and is one of the most reputed institutions in Germany. Its MIM program consistently ranks among the top management programs in the Financial Times Ranking of “Masters in Management.”
CEMS Membership: The University of Cologne is a proud member of the CEMS Global Alliance, which offers access to a network of 34 leading business schools and over 80 multinational corporations and NGOs worldwide. This membership enhances the program’s international exposure and opportunities.
International Focus: The MIM program is conducted entirely in English and emphasizes international business practices. Students are required to complete a semester abroad and an international internship, providing invaluable global exposure.
Practical Experience: The curriculum includes a business project where students collaborate with companies on real-world management challenges, applying academic theories to practical scenarios.
Diversity and Networking: The program attracts a diverse student body, fostering cross-cultural experiences and providing a global network of peers and industry contacts.
Career Opportunities: Graduates of the University of Cologne’s MIM program have excellent career prospects, with a significant percentage employed within three months of graduation. The program prepares students for leadership roles in various industries, including consulting, marketing, sales, and finance.
Financial Support: The university offers various financial support options, including scholarships and interest-free loans, to help students finance their education.
Language Proficiency: The program not only emphasizes English proficiency but also requires competence in a third language, enhancing graduates’ linguistic abilities, a valuable asset in the global job market.
Flexibility: The University of Cologne’s MIM program is flexible and accommodates students from diverse academic backgrounds, provided they meet the necessary prerequisites.
Community and Spirit: Students often highlight the strong sense of community and spirit within the program, fostering personal development and growth.
Program Costs + Living Expenses : University of Cologne MIM
There is only a social fee for studying at University of Cologne of approx. 320 € per semester including ticket for public transport. CEMS charges a one-time registration fee of 100 €. There are no tuition fees when studying abroad, but costs for rent, living expenses and learning materials must be paid by the student.
There can be extra costs for some CEMS programme elements such as CEMS Block Seminar (around 300 €), language trainings and some study materials.
Estimated Living Expenses:
- Accommodation: This is the biggest expense, ranging from €200-300 per month in a student dorm to €600+ for a private apartment in a central location. Consider aiming for €400-500 per month on average, which translates to €4,800-6,000 per year.
- Food: Groceries and eating out can cost around €200-300 per month. Budgeting €300 per month gives you approximately €3,600 per year.
- Utilities: Including electricity, gas, and internet, expect to pay around €50-100 per month. This comes to €600-1,200 per year.
- Health Insurance: You need to have valid health insurance throughout your stay. Student health insurance costs around €50-100 per month, which totals €600-1,200 per year.
- Mobile Phone: Phone plans can range from €10-50 per month depending on usage. Budgeting €20 per month gives you €240 per year.
- Transportation: Besides the included public transport ticket, you might occasionally need additional tickets or taxis. Consider €50 per month, totaling €600 per year.
- Learning Materials: This can vary depending on your program and study habits. Budgeting €20 per month gives you €240 per year.
- Miscellaneous Expenses: Consider €100 per month for clothes, entertainment, personal care, etc., which comes to €1,200 per year.
Total Estimated Expenses:
Adding up all these estimates, you’re looking at an average yearly cost of €17,146 – €23,904. This is just a guideline, and your actual expenses could be lower or higher depending on your choices and individual circumstances.
Employement Prospects : University of Cologne MIM
The employment prospects for graduates of the Master in International Management (MIM) program at the University of Cologne are generally quite positive. Here are some key factors that contribute to strong employment opportunities for MIM graduates:
International Network: The University of Cologne’s MIM program is part of the CEMS Global Alliance, which includes leading business schools and multinational corporations worldwide. This network provides students with valuable global connections and opportunities.
Practical Experience: The program emphasizes practical experience through internships and business projects, allowing students to apply their knowledge to real-world situations. This practical exposure can make graduates highly attractive to employers.
Language Skills: Graduates of the program typically have strong language skills, including proficiency in English and a third language, which is a valuable asset in today’s global job market.
Cultural Competence: The emphasis on cross-cultural experiences and international exposure helps students develop cultural competence and the ability to work effectively in diverse teams, a crucial skill in multinational companies.
Career Services: Many universities, including the University of Cologne, offer career services to assist students in finding internships and job opportunities. These services often include career counseling, job fairs, and networking events.
Diverse Career Paths: The MIM program prepares students for a wide range of career paths in areas such as consulting, marketing, sales, finance, and more. Graduates have the flexibility to pursue roles in various industries and sectors.
Strong German Economy: Germany has one of the largest and most robust economies in Europe, offering numerous job opportunities for skilled professionals. Cologne, in particular, is a major economic hub in the country.
High Employment Rate: Germany generally has a low unemployment rate, and many international students who graduate from German universities, including the University of Cologne, find employment within a few months of completing their studies.
Alumni Network: Graduates often become part of a strong alumni network, which can provide valuable connections and support in their career development.
Eligibility Criteria for University of Cologne MIM
Create your application
Apply via our campus management system KLIPS. There is no need to submit paper documents.
- Students of the University of Cologne use their existing KLIPS account, external applicants please create a new account. Please read our application instructions.
- For the Master’s programme in International Management (CEMS MIM) and the Master’s programme in Economic Research, an application is possible from mid-January.
- For the other master’s programmes, as well as for all Double Master’s Programmes, you apply from the beginning of April. To apply for the Double Master’s Programme, please select the corresponding master’s programme, and choose the option “I would like to apply for a Double Master’s Programme” in KLIPS.
- You can apply for up to three Master’s Programmes per year. Please check your application(s) carefully for accuracy, as it is not possible to change the course of study at a later date.
- Please apply as early as possible, as this allows you to submit any missing or incorrect documents.
- Note for applicants with a non-German Bachelor’s degree
Applicants who do not have a German bachelor’s degree must additionally submit a preliminary review documentation (VPD) issued for the University of Cologne from uni-assist. You can have your documents checked by uni-assist all year round, the VPD is not tied to an application semester. Please note our information on requesting a VPD. - Please read the request procedure carefully and follow the country-specific requirements.
- We recommend requesting the VPD as early as possible before the application deadline, as missing or incorrect documents can still be submitted in time. Processing will only begin after receipt of all documents and payment. Experience shows that the processing time is eight weeks.
- You can only submit your application via KLIPS with a valid VPD document.
- Requesting a VPD to uni-assist alone does not count as an application for a degree program at the University of Cologne.
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Scholarships Available : University of Cologne MIM
The University of Cologne may offer various scholarships to international students, including those pursuing the Master in International Management (MIM) program. However, scholarship availability and criteria can change over time, so it’s essential to check the university’s official website or contact the admissions or financial aid offices for the most up-to-date information on scholarships. Here are some common types of scholarships that may be available:
CEMS Scholarships: The CEMS Global Alliance, of which the University of Cologne is a member, may offer scholarships specifically for CEMS MIM students. These scholarships can vary in terms of eligibility criteria and coverage.
University Scholarships: The University of Cologne may have scholarships funded by the university itself. These scholarships can be based on academic merit, financial need, or other criteria. Check the university’s scholarship webpage for details.
Government Scholarships: Some countries offer scholarships for their citizens to study abroad. Depending on your nationality, you may be eligible for government-funded scholarships from your home country.
External Scholarships: Various organizations, foundations, and corporations offer scholarships to international students pursuing higher education. These scholarships can be based on specific fields of study, leadership qualities, or other criteria.
Application Deadline: University of Cologne MIM
From mid-January until 31 March, you can apply online via the campus management system KLIPS. No documents need to be submitted by post.
- All subject-related and language requirements must be met by the application deadline.
- All documents must be provided in either German or English and submitted by the application deadline.
- Documents submitted after the application deadline will not be accepted.
FAQs About University of Cologne MIM
What is the duration of the MIM program at the University of Cologne?
The MIM program at the University of Cologne typically has a duration of four semesters.
Is the program conducted in English?
Yes, the program is conducted entirely in English to accommodate international students.
What are the admission requirements for the MIM program?
Admission requirements may include a bachelor’s degree in a related field, language proficiency in English and a third language, and relevant work experience or internships. Specific requirements can vary, so it’s essential to check the university’s official website for detailed admission criteria.
Is financial aid available for international students?
Yes, the University of Cologne may offer scholarships and financial aid options for international students. It’s advisable to visit the university’s financial aid or scholarship office for information on available funding opportunities.
