ESMT is the only place in Germany worth going to for competitive candidates. Endowment to rival INSEAD and salaries competitive with top places in the US. This is where the future is in Germany.
German Market
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It may be true that universities in Germany are not attractive places for junior people to work at. But ESMT is small potatoes compared even to these, and they are struggling to keep above water. If you have no other options, sure it's a lot better than nothing. But it would never be the first choice for people who know a little about the place.
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^you can forget German state universities. the only way they're going to go is (further) down. ESMT on the other hand has potential to become one of the top business schools in europe.
so far almost all business schools in Germany have failed. In practically all cases they have offered an education that was worse than at the state unis at a price that was too high even at international standards. Compared with the zero price education at the state unis that is simply not attractive to any number of students that would be needed for survival. Add to this that Germans feel entitled to free education and despise the mere idea of student fees.
State unis in Germany are not comparable to Top 30 in the US (but normally not far from Top 100), but given that they provide education at no cost for the student, their services are a good deal. Under these conditions no private education sector could ever emerge (although, perversely here and there local politicians have helped launch small private unis as status symbols only to see them wane after a few years with some million Euros of public money having been wasted)
If here and there a BS survives for a few years than these are tiny places that take students that would not be admitted by state unis and whose degrees are not widely acknowledged (official acknowledgment of a degree is important for many careers)
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I disagree. The business school market is very different from the state uni market. look at france. going to INSEAD is a very different thing from applying to a state uni. Germany is europe's most important economy. i would be very surprised if in the longer term there wouldn't be at least one b-school in germany that could take on the likes of lbs and insead. the comparison to the local unis is totally misguided. wrong benchmark.
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Seriously guys,
who of you thinks that any kind of valuable education is provided at business schools? Is this whole industry not a mere cash cow for universities? All a BS basically does is sell a degree that provides nothing more than a signalling effect, right? If anyone honestly disagrees with this, I am eager to hear why.
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^i would be very surprised if in the longer term there wouldn't be at least one b-school in germany that could take on the likes of lbs and insead.
well, the long term is here to see. Over three to four decade now private unis are admitted in Germany. Most that open are some kind of business schools with great aspirations. Although the private schools often get state subsidies as well, they do not make up for any significant part of the academic market. German APs see jobs in private unis as inferior to the lowest ranked public unis, would go there for their first position if necessary and leave for a public uni as soon as possible. the major reason, of course, is the non-negligible risk of default if private unsi, but exactly makes the present situation a kind of stable equilibrium.
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ESMT had expected to be a top European business school by now, and it isn't. Initially, that promise has allowed them to attract some good people - but they left. They are not on their way up, they have already squandered their best shot at reaching the top, and at this point it would be a surprise if they establish themselves quickly. It's getting tougher and tougher for them to hire the right people for their aspirations.
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^^your grammar suggests you are German. your reasoning suggests you have very poor outside options if you would consider a job at a public german university. i mean those places are just terrible. you have to jump from on elowly assistant post to the next until way into your late 40s before having something that is approximately close to a stable job.
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^lol.
No private university in Germany comes even remotely close to Mannheim. Not only does Mannheim have the best econ dept in Germany but also by far the best MBA and Executive MBA programs. For example, according to The Economist, the Mannheim MBA ranks #10 in Europe and #26 overall. ESMT is nowhere near that level.