The Most Prominent Business School in Germany - 2022

1. Vol. 10 | Issue 04 | 2022 Vol. 10 | Issue 04 | 2022 Vol. 10 | Issue 04 | 2022 www.theknowledgereview.com The Most Business In School 2022 Germany Calling! 5 Reasons to Study Business in Germany NORDAKADEMIE Non-profit Corporation University of Economics Leveraging Business Study and Economics for Development

4. the Business Education Wall! usting the internet to find some of the most prominent business schools in the world, the wall of history kept repeating on every school that was bound to solidify its existence. Every institution has a history that they proudly tell, but the history that shows us the future is not the university's past but the past of the community, the commoners, and the people who keep the cycle of humanity alive. D Having said that, one country that continuously kept itself in the recent history books of the people in Germany. Despite the horrors that Adolf Hitler cast in WW-II, the story of Germany or rather the history of Germany speaks volumes for itself. Igniting the flame of progression, prosperity and hope. So, let's flip some of the pages of history back and have a peek-a-boo at the recent German history. Starting the story from WW-I, Germany was crippled to ashes, and the proof of that

5. Note berlin wall. Well, not actually the berlin wall, but the quality education wall that restricted many aspirants from the world from exploring the depths of modern business. is clearly stated in the Treaty of Versailles! However, under unprecedented and uncertain circumstances, it was Adolf Hitler forced everyone's finger to point towards Germany on the world map. So, let this edition be the guide for you to explore the unique international business education pedagogies of NORDAKADEMIE. However, as they say, 'All it takes is one man's ambition to create a ruckus.' It was Hitler's ambition to conquer Europe that cost Germany a deadly war for humanity to remember. Also, flip some more pages to find out why studying in Germany is the best choice one makes. Apart from all these war-based events in Germany, what caught my attention was the historical event of The Fall of the Berlin Wall. The significance of this event in history might be blurred by the peaceful lifestyles lines the world has gifted us, but back then, it was a matter of survival and justice for the people living in the same country. And always remember as William Faulkner once said, 'History is not was, it is.’ Have a happy and insightful read!T R Intriguing as it may sound, that's the truth. And now, coming to the present time, Germany is the ideal destination for knowledge, education, innovation, passion, culture, you name it. Bringing all the fingertips back to Germany for holistic education; as Angela Merkel rightly said, "Germany has become a country that many people abroad associate with hope." Ashlesh Khadse Now, coming back to my research to give you your perfect college to study business, The Knowledge Review came across NORDAKADEMIE, and its unique business educational pedagogies reminded the fall of the

6. A r t i c l e 20 5 Reasons to Study Business in Germany 06 C O V E R S T O R Y NORDAKADEMIE Leveraging Business Study and Economics for Development

7. Editor-in-Chief Senior Editor Managing Editor Contributing Writer Visualiser Art & Design Head Co-designer Business Development Manager Marketing Manager Business Development Executive Technical Head Assistant Technical Head Technical Consultants Digital Marketing Manager Digital Marketing Manager SME-SMO Executives Research Analyst Circulation Manager

8. NORDAKADEMIE university is a place of encounter where lifelong 'nodes' are tied for a strong “ personal network.

9. The Most PROMINENT BUSINESS School in GERMANY 2022

10. NORDAKADEMIE Non-profit Corporation University of Economics Leveraging Business Study and Economics for Development

11. ife is nothing but the art of Quoting Steve Keen and his strong balancing important things on foreshadowing perception of L a multi-edged sword. As the economics, it was found necessary for popular quote goes, 'Reality is different the change drivers to introduce than fiction,' it is certainly true in this multiple collaborations with business, case. The tilting balance of important economics, humanity, and learning. things resides the genesis of the In 10 years' business, on which the entire world Many proficient thinkers realised the time, the around systematically revolves. need for a unique collaborative structure when the world was on the NORDAKADEMIE With the genesis of the business verge of entering an era of significant will be playing decades past, the idea of the economy changes in 1981. In his venture to set was brought into the world by the up a dual course study in 'Industrial to its strengths “ forerunners of thought leadership. Engineering and Management' at the on the Today, economics and businesses run Schleswig-Holstein University of the world, but economics and Cooperative Education, Dr. Georg education businesses are much more than that. Plate deliberately laid the foundation market, which of NORDAKADEMIE "Economics is too important to leave it Gemeinnützige Aktiengesellschaft will have to the economists." Hochschule der Wirtschaft become much (NORDAKADEMIE Non-profit Corporation University of Economics). more professional by In its quest to find'The Most Prominent Business School in then. Germany, 2022,' The Knowledge Review magazine, came across NORDAKADEMIE, a prominent

12. Christoph Chancellor Fülscher Prof. Dr. Stefan Wiedmann President business school that is making NORDAKADEMIE can date back to economics and business studies future- May 1981, when Dr. Georg Plate ready for the world. initiated a project manager at the Schleswig-Holstewig University of Being a business school, which has Cooperative Education on 1 April always been a step ahead of its current 1981. In his practical attempt to set a age since its inception, there is always dual course study program in an imitative outlook on the future on 'Industrial Engineering and how the world will look from behind Management', he started with a simple We see the stage. While talking about the mailing campaign. school's uniqueness and its educational ourselves as an pedagogies for instilling the art of Amongst the 500 mails sent, it resulted innovative, alert, balancing the ideologies, ethics and in one positive response from rules of economics and business in the Drägerwerk AG, which agreed to creative, education- students, Prof. Dr. Stefan Wiedmann, provide two study places for a centred and President and Diploma Industrial completely new- yet visionary, training “ Engineer, Christoph Fülscher, model. In the attempt to keep the entrepreneurial Chancellor of the university, shares project alive, Dr. Georg Plate also university. We fill this the story of underpinned success of one found the need to bring more of the most prominent business schools investment from major industry self-image with life st of 21 -century. players. every day - for the Laying the Foundation Stone of Showcasing the importance of Dr. benefit of our NORDAKADEMIE Georg Plate in the inception of the students! The inception story of university and in setting up the

13. university into what it is today, the vocational academy. The only criticism more businesses joined and a unique current president of the university, Dr. was the lack of a formal, business model was created: a Stefan Wiedmann, says, "In addition to internationally recognised university University of Applied Sciences 100% Dräger, companies such as Airbus, degree," the Chancellor of the owned by private companies in Fette, Hatlapa, Körber, Mobil Oil, university, Christoph Fülscher, added. Germany. Philips, Rotring and Telefunken were involved from the beginning and Journey from Academy to University On 25th February 1992, 20 companies played a decisive role in the founding of Applied Sciences showed enthusiasm and agreed to the of the later NORDAKADEMIE." Moving swiftly in the field of setup of a non-profit limited company, education, all founding members of which was to be the sponsor of the "It was probably, in particular, the NORDAKADEMIE felt the need to future university. success of the dual study programme establish the Academy as a private which tipped the scales in favour of University of Applied Sciences. They With the support of member companies founding a university supported by were being supported by and a promising future for business business and industry: all those NORDMETALL, an employers academics, the state recognition of involved - employers and graduates association of the metal and electrical NORDAKADEMIE came on 22 alike - were satisfied with the quality of industry, by promoting this idea to October 1992 as a university of applied the three and a half year course at the their member companies. Thereby sciences with dual courses of study.

15. Our young Bachelor students can all spend a (voluntary) semester abroad in “ the 5th semester at one of our more than 40 partner universities around the world. In Europe, participation in the ERASMUS+ funding programme is also possible.

16. We cannot solve a problem by using the same kind of thinking we used, when we created them. “ - Albert Einstein

17. Dr. Stefan Wiedmann highlighted passed on the torch to a tandem that Emphasising on how the university when the lectures began and how they now leads the University, Prof. Dr. achieves that, Christoph Fülscher, have shaped themselves today: Stefan Wiedmann as president and Chancellor of the university, says, "Lectures began at the beginning of Diploma Industrial Engineer Christoph "Our young Bachelor students can all January 1993, and the university was Fülscher as Chancellor. Both are also spend a (voluntary) semester abroad in officially opened on 19 February 1993. the Managing Directors of the the 5th semester at one of our more Today, around 1,500 Bachelor students charitable public company. With new than 40 partner universities around the live and learn on the work processes and fresh study world. In Europe, participation in the NORDAKADEMIE Campus in programmes, they are setting the ERASMUS+ funding programme is Elmshon." course for the next successful 30 years. also possible." "In 2013 NORDAKADEMIE opened The Dual Study Program for High Further continuing in depth, Christoph the Graduate School in Hamburg, Career Opportunities Fülscher further adds, "A component of where part-time Master's degrees can The inception of NORDAKADEMIE the Master's programme is a so-called be obtained. Today, around 1,000 was based on the ideation of studying 'Master's Project' in which young professionals are studying for two integral programs, such as internationally positioned companies their Master's degree there," he further business and technology at the same to give our students a concrete added. time, becoming the industrial question as a 3-month project." engineering degree. The particular high A University for Business and career opportunities relevant in this Through this unique Master's program Industry current world are based on the special for students studying for MBA, NORDAKADEMIE, as a university, business models that many industries international lectures in necessary was born from business and industry. have developed. languages such as English, Spanish, While most universities focus on and French are introduced at the grooming economists in a business Talking about the intuitive academic university. environment, NORDAKADEMIE programs started by the university, the always keeps an eye on the university management says, "The Delivering Complete Learning occupational profiles that are relevant particularly high career opportunities Experience to the current business world. for NORDAKADEMIE students are The uniqueness of NORDAKADEMIE based on the special business model: is in the courses that it offers. While The mission—100% YOUR the dual study programme in the most universities focus is one trait of FUTURE. Bachelor. Master. Bachelor's degree and the part-time business, the academic curriculum of Career—of the university is developed study programme in the Master's both the 5 Bachelor's and 6 Master's on that ideation to train young, degree. The students are thus Degree are based curated for attaining ambitious people in the business, connected to practice, to the maximum engagement of students with technical and software development companies, from the very beginning. In learning. qualifications and understanding their addition, it is a hiring requirement for needs, whether that be the dual every professor at NORDAKADEMIE "Bachelor's students also have the Bachelor's course or the part-time that they come from practice, from opportunity to choose a specialisation Masters' Program. industry, and therefore know what the from the 5th of 7 semesters. In young professionals need to become addition, we offer an extensive Studium "We see ourselves as an innovative, successful in professional practice." Generale, i.e., a large selection of alert, creative, education-centred and seminars with which students can entrepreneurial university. We fill this Futuristic Global Exposure educate themselves beyond their own self-image with life every day - for the Being a university that has always been horizons. Here are a few examples: benefit of our students!" emphasises a step ahead of the current trends in the Leadership Training, Conflict Prof. Dr. Stefan Wiedmann, President industry and business world, Management, Public Relations, of NORDAKADEMIE. NORDAKADEMIE finds it necessary Politics & Economics, Online to provide its students with a holistic Marketing, and many more. Passing on the Torch global exposure. Analogously, Master's students can After 25 years the founding team

18. The dual study programme enables me to learn and understand processes and structures. I can put my theoretical knowledge directly into practice, for example, in computer science. On top of that, I already earn my own money during the dual study programme, which is really a great combination! I would describe my dual studies at EDEKA as varied, goal-oriented and innovative. “ - Jeremy, student, Business Information Systems

19. From my point of view, the dual study programme at NORDAKADEMIE is the ideal way for committed students in the field of economics. The theoretical knowledge learned in blocks can be excellently combined with practical experience. This concept ensures a demanding but high-quality education and prepares students for professional life in a goal-oriented manner. “ - Nils, student, Business Administration degree programme During my dual studies, I particularly enjoyed the insights into di?erent departments of my employer and the associated freedom to develop and to keep di?erent paths open for myself. Even after a short time, I was able to combine my knowledge from theory and practice, contribute it and even help others with my own experiences - that is something very special for me. “ - Laura, Business Administration degree programme The fascinating fields of HR management and psychology are two sides of the same coin. One deals with the business and extrinsic motivational aspects, the other with the intrinsic motivational factors that drive people at an individual and organisational level. During their studies, the students will have the opportunity to explore both disciplines in depth, apply what they learn to real-life situations and add real value to their future career. “ - Prof. Dr. David Scheffer, Lecturer in Business Psychology

20. Nevertheless, we have naturally Economics is too opened up to modern teaching of business informatics, industrial methods: Online, hybrid, and similar. engineering, business administration important to leave it In addition, more and more and psychology will be more in to the economists. edutainment modules are being demand than ever. The dovetailing of incorporated into teaching." these fields is the topic of digital transformation, i.e. what is currently Envisioning the Future of driving all companies in their change “ NORDAKADEMIE processes. Becoming a strategic "A university is a place of encounter partner for people and companies here where lifelong "nodes" are tied for the is a great opportunity. The strong personal network. This strong network partner network already offers an is just as important for the students as excellent basis for this. In addition, I take various certificate courses, for the academic degree; this is much envisage great flexibility on the part of example, Business Analytics or Software Development," Chancellor easier to realise in presence. In the university in order to adapt to the Christoph Fülscher added. addition, I am looking forward to the time and space constraints of the anniversary events for the 30th (international) students. At the same Adapting to the Means of Modern anniversary of the NORDAKADEMIE, time, events will also be didactically Education and I am especially happy when we developed to meet the changing Modern education has been spreading achieve our goals together." requirements." its wings in multiple ever since the introduction of technology in "In 10 years' time, the "But all this can be copied by education. Explaining how the NORDAKADEMIE will be playing to competitors. What cannot be copied, university is benefitting from it, Prof. its strengths on the education market, however, will be the innovative, alert, Dr. Stefan Wiedmann says, "Basically, which will have become much more creative, educational culture of an we are a university that believes in the professional by then. For example, the entrepreneurial university," envisions benefits of face-to-face teaching. combination of the main content areas Christoph Fülscher.

21. Non-profit Corporation University of Economics is recognized as for breaking the stereotypical beliefs of business education and being the forerunner of holistic business education in the 21st century. Pooja M. Bansal Editor-in-Chief

22. Reasons to Study Business in 5 from what it was a few GERMANY ermany, the way we know and see it today, is very different G decades ago. Riding on the tides of growing technological advancements, innovations, effective automobiles and, most importantly, instilling the values of a quality, peaceful and harmonious lifestyle, Germany in every way has become the forerunning country with stable and confident governance. October 2022 | 20 | www.theknowledgereview.com

23. Germany Calling! October 2022 | 21 | www.theknowledgereview.com

24. But as Pearl Buck, once rightly said, So, discard the fact that education Europe is a dream of many, and you "If you want to understand today, you abroad is costly. Education almost living that dream in your learning years had to search yesterday." And the becomes an integral part of life if you can contribute hugely to your career traces of the current happenings in know the right place. Moreover, the and the growth arc that students Germany can be easily depicted by learning culture in Germany is all desperately carve for! flipping through the pages of history. about innovation, ideation and execution. And the proof of that can be Ÿ A Unique Culture Groomed in Furthermore, the history of Germany is seen as the world turning to Germany History an epic tale of 'Rags to Riches' and to become an educational powerhouse. The culture of Germany is unique from deliberately challenging, discarding, all the countries in the world. Groomed and mending the rules of the world. Ÿ Study in Top-Ranked in history and the ancient civilisations Germany has become one of the Universities and empires, the culture has mapped a powerhouses of education in the world. Housing the likes of Munich Business unique graph that defines why School, ESTM Berlin, Nordakademie, Germany is always a step ahead of the Education in Germany is considered etc., Germany houses some of the top world. the most prized possession, and the business schools in the world. With fact of it can be seen clearly, as the low tuition costs and an excellent Roam the busy streets of prominent number of Sanskrit Universities learning culture, Germany offers German cities, get involved in the present in Germany is more than in international students the perfect place celebrations, and enjoy the indulging India, from where the roots of Sanskrit to learn, grow and contribute to the festivals that re-instils humanity in languages can be traced. fast-growing and developing world. humans and gives a sense of freedom and liberty. Today, many international students Even the Top-Ranked Universities' wish to complete their learning arc in culture aims to groom the students in Ÿ Affordable Cost of Living Germany. Moreover, Germany has also an exclusive atmosphere that curates With the costs of education reduced by groomed some of the trendsetting cities their love for the subject. Other than a significant margin, the cost of living of the world that are shaping the that, most of these business schools are in Germany becomes a healthy affair curvature of the business. established in the prominent business for international students. Though centres of Germany. This way, you get international students always miss So, you are an international student to stay close to international business homemade food, with the lifestyle of wishing to study business abroad; and understand business from the leading countries and a busy lifestyle below are five of the many reasons why curious student's point of view. that keeps the wheel of progression you should study modern-day business running, by the time the international in Germany. Ÿ Travel Europe student completes his course, he is Europe has always been considered as ready to settle and live happily in the Ÿ Low or No Tuition Fees the trendsetting continent in the world. historic fatherland of Germany. Yes, you have read it right. As the Setting the themes of modern business, Germans consider education as their culture, technology, etc., Germany is a Be An Explorer! most prized possession, German powerful member of the European Germany is a magnificent country with universities almost do not charge Union. And being a part of the EU, you a history of a long history. And being tuition fees to the students. get to travel Europe from Germany and one of the forerunning countries of the st Furthermore, if you are an English- be the forerunner of the latest 21 century, it is the most preferred educational pedagogies in the world. speaking person, getting admitted to study and live destination sought by such universities becomes easy innovative students around the world. Nevertheless, the Universities in because only the business education So, just in case you are looking for Germany also offer their students a trip courses offered in German are in some more reasons to study in around Europe to understand business English because of the rising Germany, maybe read the previous internationalism. under different domains, influences, profile once again and start your etc. Other than that, travelling through career's glorifying journey. October 2022 | 22 | www.theknowledgereview.com