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MBA doesn't really mean that much in Europe, since a lot get their masters (different than the US MBA) and stop there. Some major companies in Germany for example (like Bosch, BMW, etc.) have management trainee that are extremely selective and only take the absolute best, since they're a fast track to upper levels at major employers. But if you don't speak the country's language, you won't be hired.
This. MBA doesn't hold as much prestige or pull, also most euro universities are pretty good compared to the US so you need other differentiators.