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Study in Germany » Study guide » Economics and Business » Business Administration (BWL)

» What is Business Administration?

The Business Administration (BWL) focuses - unlike the economy - individual companies. It describes the position and function assumes the operation of this within the economy and at the same time dealing with economic development. The Business Administration is based on the assumption that generally prevails a shortage of most goods and therefore actors (here the economists) have to intervene in order to achieve optimal production conditions and the maximum profit.

The subject can be divided into two main areas: in the General Business Administration and the Special business administration. The General Business Administration is the foundation of business knowledge base. She answered as questions about what business is and how it works. Based on the study given to the students an overview of the economics as a science by the Business Administration, presented characteristics and inter-industry relationships are explained. Logistics, controlling, human resources, marketing, taxation and corporate governance among the particular business. Economists may after obtaining the university degree in associations, private or public companies make decisions that have economic importance. They analyze and monitor costs, provide budget plans and decide on investments, make personnel decisions, and more.

» The Business Administration degree program

A business degree can be added to almost all the universities and colleges in Germany. The trial court awarding was held until the summer semester of 2005 in general by the ZVS (Central Office for the Allocation of places). Meanwhile regulate the universities to select their prospective students themselves who usually gets a place, which may be called after about nine semesters and successfully obtained a diploma in Business Administration or Diploma in Business Administration. In addition to the diploma recently include the bachelor and the master of all possible trades.

The program aims to empower aspiring MBAs to understand individual economic relationships and, based on action. To achieve this goal, the study of business economics is applied across disciplines. Students also will be taught knowledge from neighboring disciplines such as law, economics, mathematics or computing. The basic course is intended to provide general economic, mathematical, statistical, legal, IT and foreign language-specific knowledge base.

A specialization will eventually take place in the main study. This specialization in a particular subject within the business shapes the profile of the students and also strongly influenced as his later career and the possible career fields. As a rule, two subjects are selected, which are then assigned reinforced through to graduation. Emphasis can be placed for example in the areas of marketing, logistics, tax and accounting or business law. In addition, students must also demonstrate compulsory subjects, regardless of the selected main subjects ..

» The professional fields

Among the graduates are business graduates (or graduates with a general business degree) certainly those with one of the largest professional spectra. Appointments spread across the economy, data processing and science areas. Therefore the economists opens up a variety of career options. The "labor market information", according to the federal agency for work were the cause of most job vacancies for economists in the Economic and Consultancy in 2001. In second and third place followed by banking and trade. Based on the areas of activity is the finance and accounting in the first place, followed by controlling and sales.

When applying for a job study period and final grade are of course important selection criterion of the company. In addition, include practical experience (through internships or activities) to the indispensable qualifications of a candidate. In addition, foreign language skills, computer skills and abroad are welcome to business and increase the chance of a permanent position.

The high potential Kienbaum 2005 study has identified through a survey of 146 companies an average starting salary of € 36,000 a year. The actual starting salary but always depends on the individual candidates and their qualifications, the company, the industry, the position, and not least by the current economic situation.

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