FOM University of Applied Sciences for Economics and Management
Essen, Germany
- Cost of Living€ 15,858
- Tuition Fee From€ 11,570
- Country Rank-
- Batch Strength42,500
- Global Diversity-
- Gender Ratio-
Overview
About
FOM University of Applied Sciences for Economics and Management is Germany's largest private university. The business school is privately owned and accredited by the state. The FOM is Germany's largest private university and admits over 42,000 students. Additionally, it houses Germany's largest economics and business sciences faculty.
FOM International University is supported by a foundation with a strong economic focus and offers affordable full-time and part-time degree programmes. At the heart of FOM's teaching approach is the goal of connecting academic theories to practical, real-world situations in everyday work settings. This is achieved through the dedicated teaching staff, who are highly well-known in their respective arenas. Additionally, the university integrates hands-on tasks into the degree programmes to help students better grasp theoretical principles and apply them effectively in their future careers.
FOM has also cultivated extensive partnerships with prestigious universities across Europe, Asia, Australia, Africa, and the United States. This network enables the university’s German students to access international study opportunities which range from brief one-week language programmes in New York to immersive two-week summer schools in Cape Town or even semester-long exchanges in France, Spain, or Ireland. Additionally, their partner universities also send their students to FOM as part of collaborative degree programmes.
Ranking
This university delivers top-notch education, as evidenced by FOM University of Applied Sciences for Economics and Management rankings since the past couple of years. Over 96 percent of students have recommended FOM to others. Additionally, the university has received recognition as the "Top University in Germany 2022" from the evaluation portal "StudyCheck."
Renowned business journals and magazines have also honored FOM with numerous awards, commending it as an outstanding private university. These awards include recognition for its exceptional value for money and its status as the best digital education provider in 2021. It also gained a high position as the premier university in the Business schools/business universities category.
Year
QS Ranks
US News Ranks
2023
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Facilities
FOM boasts a modern and dynamic campus in Essen, Germany. FOM University of Applied Sciences for Economics and Management facilities include advanced technology and contemporary classrooms to enhance the educational experience. It has a welcoming atmosphere, well-equipped libraries and collaborative spaces. Moreover, the university’s campus is a hub for academic growth and innovation for students all over the world. The campus is not just a place of learning, but a community where ideas flourish, connections are forged, and the pursuit of knowledge is nurtured.
Notable Alumni
Courses
Admission
FOM University of Applied Sciences for Economics and Management Entry Requirements
Students applying to this formidable university have to be aware of the documents and other necessary scores which have to be submitted. These are FOM University of Applied Sciences for Economics and Management’s entry requirements:
- Official Academic Transcripts of High School
- Letter (s) of recommendation
- Statement of Purpose
- Proof of financial support
- Two passport-sized photographs
- Test scores or GRE/ GMAT if asked by the university
- Resume or CV showing work experience
- Any other country-specific or course-specific requirements
FOM University of Applied Sciences for Economics and Management Fees
When it comes to information about the courses offered at FOM, students will be pleased to know that the university leans on an affordable side. These are FOM University of Applied Sciences for Economics and Management fees for its programmes:
- Master of Business Administration (MBA) : €15,570
- Bachelor of Science [B.S] Business Administration and Business Psychology - €3,521 /Yr
- Master of Arts [M.A] Economics and Management - €6,898 /Yr
FOM University of Applied Sciences for Economics and Management Placements
FOM University of Applied Sciences for Economics and Management placement opportunities for its students are outstanding. The university collaborates with a wide network of esteemed organizations in Gottinberg to facilitate meaningful internships and career placements. These connections open doors to professional experiences which enable students to apply their academic knowledge in real-world settings.
Scholarship
In addition to FOM’s scholarships, students can also utilise UniScholars which acts as a global marketplace offering access to over 1,500 scholarship opportunities. UniScholars is a valuable resource for students seeking financial support to cover the expenses of studying abroad. These scholarships are categorised into different types, providing students with diverse options to explore and secure the necessary funding for their educational journey.
- Merit-based scholarships
- Need-based scholarships
- Country-specific scholarships
- College-specific scholarships
- Student-specific scholarships
Finances
Most international students are obligated to show proof of sufficient funds in order to obtain a visa. While some students may have the opportunity to make use of scholarships, not all students cut the eligibility to get a scholarship or a grant. Moreover, not all scholarships cover 100% of your study abroad expenses. At such times, most students resort to acquiring education loans to avoid the financial hassles associated with studying at the university. UniCreds is the ideal education loan marketplace if you’re looking for attractive interest rates and free consultation services!
Accommodation
Unfortunately, this university does not provide any on-campus accommodation facilities to its students. In such cases, UniAcco simplifies the search for student accommodation by offering diverse choices. Students can explore a variety of housing options, including luxury studios, en-suite rooms, and shared apartments that cater to their specific needs. UniAcco ensures that students have access to affordable and student-friendly living arrangements near the university, making their transition to student life seamless and comfortable.
Cost of Living
The cost of living for international students in Essen, Germany can vary depending on individual lifestyles and choices. Overall, the city estimates students to spend 1,048 without accommodation. Living here leans much on the cheaper side as the city is located well in the suburbs of Berlin. Otherwise, these happen to be the costs students are likely to spend living here:
|
Particulars |
Cost (Monthly) |
|
Off-Campus Accommodation |
€410 |
|
On-Campus Accommodation |
€400 |
|
Transportation |
€83 |
|
Food Cost |
€660 |
|
Utility Cost |
€260 |
|
Entertainment |
€38 |
|
Groceries |
€16 |
|
Clothes |
€115 |
|
Total Cost of Living with Off Campus Accommodation |
€1,582 |
|
Total Cost of Living with On Campus Accommodation |
€1,572 |
|
Annual Cost of Living |
€18,978 |