Globalisation strengthens the connection between companies from all over the world. It is time people understand the importance of international business.
International business degrees are shaped to give students practical knowledge about different business management practices from all over the world. In addition, candidates are prepared for business careers abroad or in organisations that are engaged in business on a global scale.
Moreover, international business is vital in order to understand different cultures and mindsets and ultimately become a global citizen.
A degree in International Business prepares you for a job in a culturally diverse business environment, which means that any graduate can benefit from opportunities in any country.
The advantage of an International Business course is that you are highly employable for most industries since the majority of skills acquired are transferable.
Candidates studying international business will also gain information and insight about the difficulties of starting and growing businesses from different countries, something which is of utmost importance for anyone who wants to make their business thrive.
International Business is usually a three-year commitment, depending on each university. Lately, there are institutions which offer the possibility of having a ‘sandwich course’, which basically enables the candidates to work abroad for one year in the industry, as part of their studies.
The purpose of the ‘sandwich course’ is to encourage students to step outside their comfort zone and work in a different culture and environment. In this way, they will understand other mentalities, as well as gain relevant working experience in the field.
I am currently a Master’s student in Business administration and have also graduated from Goethe University with Bachelor’s degree in Economics and Business administration.
I am very pleased with the university as a whole. It is a privilege of having studied there. The organization of both study programs is very good and strict. One should be familiar with the requirements of the examination office. The teaching is very high-level. The lectures are held mostly by renowned professors or honorary professors from the industry. There are many initiatives and workshops which allow you to build a network of business connections in the finance world.
The first two semesters of the Bachelor (orientation phase) are the hardest and one needs to work very hard to pass. After that you are allowed to choose a specialization (finance & accounting, economics or management). In the final year, you can also choose among many elective courses which also provide more practical insights in the industry. The program is academic and requires lots of independent studying. At the beginning, the number of students is very high which might be a drawback sometimes. However, the number reduces significantly at the end of the Bachelor.
In the master’s program, the classes are of fewer students and group projects are often included which allows you to find contacts faster. There are only two mandatory courses if you choose a major in finance. Otherwise, the courses are elective which gives you the freedom to structure your master according to your interests and career preferences. The choice of courses is also diverse and rich.
Not to forget – the university has one of the best campuses in Germany, if not in Europe. The facilities and learning technologies are excellent and include a video transmission of some lectures.
Overall, I would definitely recommend both the Bachelor in Economics and Business administration and the Master in Business administration at Goethe University, especially for people interested in finance. The programs are indeed demanding, but ambitious students are rewarded and career opportunities are guaranteed.
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