Those seem like questions that you should probably ask Prodigy Finance, not here on an MBA discussion forum...

Hey Maury,

That's exactly what I did but I still wouldn't get any answer from their side.
If any of you happen to know how it works... It would be pretty kind of you.

Do you literally not understand what APR stands for? It is the average percentage rate you would be charged per year for a given loan.

ESMT's MBA program is rather competitive, certainly more competitive than that European College program you were looking at. I think the average GMAT tends to be 650+ and the average work experience tends to be in the six to seven year range.

[Edited by Thesouthpaw on Mar 18, 2016]

I don't think that's really being disappointed by ESMT: that's being disappointed by the fact that Germans speak German. Caveat emptor.

Thank you very much for your feedback Thesouthpaw.
I personally don't speak german but I can definitely take some classes and try my best to learn as fast as possible. However, I just checked out forums for more information and I must admit opinions seem divided... Here are two discussions I found on the internet - http://www.econjobrumors.com/topic/is-esmt-going-to-clean-up-again-like-last-year & http://gmatclub.com/forum/esmt-berlin-consider-or-not-50316.html
I don't really know what to think anymore... :(

No answer from my previous post...
By the way, had my GMAT results and I got 690. It ain't what I was expecting but still is good I guess. What do you think?

These discussions don't seem very valuable: one threat almost ten years old, the other is a marginal discussion on ESMT's strength in economics. I think that is a good school for what it does: bringing German-speakers (both native and foreign) into a strong team culture and giving them management skills. The outcomes as good, as long as you speak German. If you don't speak German, then have modest expectations of what it can do without you devoting yourself to learning the language.

Hey Duncan,

Sorry for the delay, wouldn't notice you gave me an answer.
Regarding the thread, I didn't see it was this old actually... things have most probably changed since then. You already told me about the german and I will definitely take some intensive classes to get the language as fast as possible. Will try and gather more information on the subject.

Again thank you very much!

Hello Ryan, my name is Sascha Liebhardt and I am the Chancellor of New European College. My colleague stumbled across your post and I would like to answer your questions.

1. New European College was founded last year and in order to offer university level courses and examinations in Germany you must be authorized by the Education Ministry in the federal state you are located in, Bavaria in our case, to operate. We received this authorization last July. We have an official English translation of the document and I am more than happy to send you a digital version of it.
2. Our academic cooperation with the International University of Applied Sciences of Bad Honnef(IUBH) was also ratified by the Ministry of Education in North Rhine-Westphalia. Without this the Bavarian Ministry of Education would not have authorized New European College.
3. Being just over a year old, probably the reason we are not yet well known, we have 120 students (30+ nationalities) and a core faculty of 25. (We have a limit on German students - 25% - as we want to maintain a truly international environment.)
4. IUBH not only has an outstanding reputation for Aviation Management and Hospitality Management, but was ranked no.1 private University of Applied Sciences for Business Administration in 2014 by the Centre for Higher Education and Development(CHE), a non-profit think tank focused on education. All accolades of IUBH can be found at http://www.iubh.de/en/international-students/rankings-certifications.php
5. In Germany all academic degrees are protected by law and regardless if you receive the degree from a state scientific university, state university of applied sciences, a private university or a private university of applied sciences they hold the same legal academic value. The only exception being that only scientific universities (private or state) are allowed to offer doctorate programs and award the academic degree of a doctor in the respective faculty.
6. One of the main legal differences in Germany between state and private tertiary academic institutions is that state institutions by law are generally not allowed to charge tuition fees while private institutions are allowed to.
7. Yes, we are a for profit organization, and I believe that a business school should be. In order to have a competitive stand you must offer an excellent business education taught by outstanding lecturers (experienced industry professionals with the academic credentials) that are able to combine academic theory with the real business world. Don’t forget we are not only competing with the other private business schools, but also with state universities that have a very good reputation and are free of tuition costs.

Should you have any further questions concerning New European College or the German academic system and landscape (regardless if you decide to study with us or not, I am always happy to assist), please do not hesitate to contact me.

Best Regards from sunny Munich,
Sascha Liebhardt

Hi Sascha. I am glad that you found no errors to correct in the discussion. Do you have any statistics about the percentage of non-EU students that are able to find work in Germany after graduating from IUBH at the NEC location?

By the way, what sort of authorised status does the NEC have? I can't see any reference to your business in the state government website: https://www.google.co.uk/webhp?sourceid=chrome-instant&ion=1&espv=2&ie=UTF-8#q=site%3Abayern.de+%22New+European+College%22

Obviously you are not one of the staatlich anerkannten Hochschulen, or you would not use the word "college".

[Edited by Duncan on May 02, 2016]

PS I also checked the KM database of vocational schools at http://www.km.bayern.de/eltern/schulsuche.html and did not find you there or at the KM's site for tertiary education at http://www.studieren-in-bayern.de/hochschulen/private-hochschulen/

PPS "Core faculty of 25"? You arr using that phrase very differently from other business schools. Almost certainly you do not have 25 full time staff, unless they are interns, alone 25 full time academics. What does "core faculty" mean if these are freelancers?

please comment on Grenoble ecole de management-MS-International business programme vs IESEG-MS-international business programme....Which is best ?

I am chartered accountant from India with 3 yrs full time internship from Grant thornton international .(Big 5 firm)

Can it be compared good with OTAGO business school -MBA programme

please comment on Grenoble ecole de management-MS-International business programme vs IESEG-MS-international business programme....Which is best ?

I am chartered accountant from India with 3 yrs full time internship from Grant thornton international .(Big 5 firm)

Can it be compared good with OTAGO business school -MBA programme

please comment on Grenoble ecole de management-MS-International business programme vs IESEG-MS-international business programme....Which is best ?

I am chartered accountant from India with 3 yrs full time internship from Grant thornton international .(Big 5 firm)

Can it be compared good with OTAGO business school -MBA programme

please comment on Grenoble ecole de management-MS-International business programme vs IESEG-MS-international business programme....Which is best ?

I am chartered accountant from India with 3 yrs full time internship from Grant thornton international .(Big 5 firm)

Can it be compared good with OTAGO business school -MBA programme

What are your goals? Do you speak French? Other things being equal, most students will be better off at Otago, and with an MBA rather than a pre-experience MSc.

Yes, especially if you don't speak French, because if you wanted to work in France after graduation, it would be difficult without the language - compared to in New Zealand, where the language is English...

Hello M. Liebhardt,

Thank you very much for taking time to respond personally, I really appreciate it!
I believe the explanations are quite clear and I thank you for that.

However, it would be very useful if you could respond to the last questions Duncan posted, as I would be interested in having your feedback on those points too. (status, core faculty, etc.)

Regards,