With unemployment across the Eurozone now hovering just over 10%, more and more business school graduates in Europe are having a tough time re-entering the job market.
But a closer look at the figures reveals striking differences in rates of recovery across individual Eurozone countries and must surely be creating headaches for policy makers at the European Central Bank deciding how to set interest rates in the future.
Take Germany, for instance. While the unemployment rate in the Eurozone overall has increased from the record low of 7.2% set in January 2008 to over 10%, the German unemployment rate has actually decreased during this period, from 7.8% to 7.6%, an almost two decade low.
“There is a very high demand for highly qualified managers in Germany these days, and this trend is likely to continue and even intensify”, according to Professor Joerg Rocholl, Ernst and Young Chaired Professor of Finance at the European School of Management and Technology (ESMT).
In an article on July 28th in the Wall Street Journal’s “The Source” Blog, David Cottle comments that the rise in July of another major indicator, BNP Paribas’s Purchasing Managers Index, was led by Germany.
The Purchasing Managers Index (PMI) is an indicator of economic activity and reflects the percentage of purchasing managers in a certain economic sector reporting better business conditions than in the previous month.
“This supports our long-held view that we will continue to see a two-speed euro area, with notable outperformance by countries like Germany, which continues to benefit from the strength of its manufacturing sector,” said BNP. This latest data shows that Germany is again assuming its traditional role of being the “locomotive” of economic growth in Europe.
All in all, this is great news for business school students and graduates who are looking to study or work in Germany. At present the job market for highly qualified workforce seems to be very tight, working in favour of business school graduates with solid professional experience.
At ESMT European School of Management and Technology in Berlin, over 90% of MBA students who graduated in December 2009 were in employment by March 2010. Over 60% of these graduates found employment in Germany.
The graduates also benefited from ESMT`s powerful company network. The school was founded by 25 major German global players such as Allianz, E.ON, Deutsche Bank, Lufthansa and Siemens.
Nick Barniville is Director of ESMT MBA Programs. ESMT’s next MBA Program starts in January 2011, and applications are now open. More info on www.esmt.org/mba.
Student Reviews
Well qualified professors and great connectons with the industry
Well structured programs, great facilities and very good career development team. The alumni relations with the school are great and well maintained and fostered. Overall a great school right in the middle of Berlin.
Memorable college life
The European School of Management and Technology creates a remarkable setting where students can excel. I admire this school for its dynamic community, which is filled with enthusiasm, pride, and countless opportunities. The campus, with its rich history and traditions, is truly beautiful, and the spirited atmosphere is invigorating. The social life and events on campus are fantastic, allowing for friendship and connections among students. Although the academics can be tough, they are incredibly beneficial and worthwhile. The encouraging faculty and involved student body foster meaningful connections and lasting friendships.
Enjoy every moment
The European School of Management and Technology has completely exceeded my expectations. I was blown away by the quality of education here and how much I have learned in such a short amount of time. Every class is made incredibly exciting by the passionate and knowledgeable professors who go above and beyond to ensure that we are fully engaged and learning. I never thought I would enjoy studying so much, but thanks to this school, I am constantly motivated and eager to learn more. The hands-on approach to learning and the challenging yet supportive environment have truly made my educational experience here far better than I could have ever imagined.
Bringing excitement to the class
Studying at the European School of Management and Technology has exceeded all my expectations. I thought I was just signing up for a solid business education, but what I got was so much more. Every class is dynamic, with professors who are not just academics but actual leaders in their fields, bringing real-world case studies and fresh insights into every discussion. They make even complex topics exciting and easy to understand by linking theory to what’s happening right now in the global business world. The interactive approach, combined with a diverse group of classmates, makes every class feel like a new challenge and opportunity. I never imagined learning could be this engaging and inspiring.
Impressed by quality
ESMT Berlin has been a revelation! I was drawn to its top-tier rankings and location in Germany's vibrant capital, but the experience has shattered my expectations. The education here is exceptionally practical, with professors who are renowned experts and industry veterans. Each class is a high-energy, interactive session that tackles real-world challenges, from strategic innovation to digital transformation. I'm constantly impressed by the diversity of perspectives and expertise among my classmates, who hail from over 50 countries. ESMT's focus on leadership development, entrepreneurship, and social responsibility resonates deeply with me.
Better education
I cannot believe how amazing my experience at the European School of Management and Technology is! I was initially hesitant about going to a business school, but ESMT has exceeded all my expectations. The professors here are not just knowledgeable, but they are passionate about their subjects and make every class exciting and engaging. The education I am receiving here is far better than what I thought it would be, and I am constantly challenged and motivated to learn more. I am so grateful to be a part of such a prestigious and dynamic institution. ESMT truly lives up to its reputation as one of the top business schools in Europe.
Exceptional experience with supportive professors
My time here's has been truly exceptional. The professors are supportive and welcoming, creating an ideal learning environment. Various campus activities cater to diverse interests, and hands-on experiences prepare students for their future careers. One area for improvement is the dining options, but overall, I've thoroughly enjoyed my experience.
