German Course Uptake Increases by 30% Year on Year
Back in June 2016, after the Brexit result, we talked about the possibility of Germany becoming the new UK. With its low unemployment rates, low cost of living, and its tolerant policies, Germany looked set to attract those who were previously considering a move to the UK. Now, as the London city banks announce potential job moves to Frankfurt, we have seen a huge year on year increase in the number of professionals taking up German language courses across the UK.
The biggest increase has been seen in the beginner level groups, indicating that more people have decided to start learning German – and our market research shows, this is mainly for professional reasons. Having a good command of German is a prerequisite for finding a job in Germany, and many people are now taking up this challenge with the belief that Germany will offer them better job opportunities than the UK.
Germany has the largest economy in Europe. It also boasts unemployment rates of 4.2% and the cost of living in Germany is a lot cheaper compared to other European cities. Rent, and the price of food, drink and transport in Berlin, Frankfurt, Munich and Hamberg are significantly lower than London or Paris.
Which Banks are Moving?
According to a research paper commissioned by Deutsche Boerse, Brexit “will make Frankfurt the clear European centre for financial market regulation and simultaneously, Frankfurt might indeed become the European centre for supranational risk management.” Germany’s Handelsblatt newspaper also reported that Goldman Sachs is considering cutting its London workforce to 3,000 and moving key operations to New York and continental Europe. The suggestion is that up to 1,000 staff could move to Frankfurt. Goldmansachs, JPMorgan and Citigroup are all making noises about potentially moving a large number of jobs to Frankfurt. The head of the Frankfurt Main Finance trade body, Hubertus Vath, said that he expects as many as 10,000 jobs could move to Frankfurt from London over the next five years.
For those remaining in the UK there is a strong indication that working with offices, businesses and partners in Germany seems more likely, therefore a good knowledge of German and the cultural differences will be a pre-requisite for many jobs in the city.
If you are considering your options and feel learning German would be a beneficial for your future career plans then get started with our free German Language Kit, a German evening language course in the UK, business German course at your home or place of work, or German immersion course in Germany, with Cactus Language.
Cactus language offers the following types of language courses:
Evening language courses: 19 different languages in 15 UK locations
Language holidays: worldwide immersion courses in the country of the language
Private tuition: tailor-made and corporate language training solutions throughout the world
TEFL: teacher training courses for both English and other languages all over the world
Online courses: for teacher training, English and French