The major in Controlling and Finance builds wide-ranging skills and competencies in the area of controlling and financial management as well as at the interfaces between the two. Students engage in a detailed exploration of issues related to planning and control, cost accounting and the management of companies using key performance indicators, among other areas. With the help of case studies, exercises, Excel tools and project assignments, students gain the knowledge and skills they need to apply controlling instruments to handling common problems/challenges in the area of controlling, and to understand the main applications in real-world practice. Students also learn about controlling as it applies to corporate structures; controlling tools are linked to financial management tools to meet the special requirements of controlling in international corporations. The focus on financial management deepens students’ understanding of finance and builds new knowledge of financial markets and special financial instruments such as options and futures. Current issues are addressed, critically discussed and practical/hands-on solutions developed.
With the majorin Controlling and Finance, graduates are well-equipped to take on the challenges of controlling and finance in a business setting. For students aspiring to become controllers, a combination with the concentration “External Accounting / Taxes” is recommended. Depending on the degree of complexity of the desired area of work in controlling and finance, a Master’s degree may be advisable to further build knowledge/skills, for example in modelling, corporate accounting or business valuation.
Because controlling is a cross-disciplinary function that touches on all areas of a business, students pursuing concentrations and career opportunities in areas such as marketing or logistics can also benefit greatly from a deeper understanding of controlling. Not only do these areas involve special controlling tasks, such as sales controlling or logistics controlling, but knowledge of controlling also helps in managing one’s own tasks more efficiently and effectively.
Today every operational process is powered by information. What is the key to managing this information successfully? What information management methods are available today? What applications are available for generating, processing, rendering, transferring and saving this information? And how do these applications function in a business environment? These are some of the key questions addressed by students pursuing a major in Information Management.
Because technological change and progress is non-stop in today’s world, the importance of Information Technology (IT) will
continue to grow across all industries. All jobs today involve IT to some extent, and the digitalization of products and services will continue to grow as well. The goal of the Information Management (IM) program is to provide graduates with the knowledge and skills they need to collaborate successfully with fellow IT specialists and/or handle typical business information systems issues in areas such as requirements management (RM), data and process modelling, data management and analysis, applications procurement and customization, and IT-strategy development.
IM students also gain practical experience with the use of standard business software systems, such as SAP, and business process modelling tools, such as Visio/ARIS.
The goal of the Information Management program is not to teach computer science but to give students the knowledge and skills they need to understand and manage interfaces through practical, hands-on assignments and projects. This is what is needed to successfully design, develop and operate the kinds of applications systems used today in all areas of business/organizational operations. Moreover, demand for these skills will continue to increase as digitalization – and the interconnectedness of systems and organizations – continues to grow. As a result, IM program graduates will find employment opportunities in number of different areas, including classical IT, consulting or for software companies with a business focus (such as SAP AG or Software AG).
With a major in Information Management, graduates have the option of continuing their studies in the Master's program, which provides a more in-depth treatment of the material, but can also apply their new skills right away in companies of all sizes in all industries. And due to the pervasiveness of IT today, the knowledge and skills gained in the Information Management program are compatible with all other areas of further study.
Within the programme "Business Administration B.Sc" Darmstadt Business School offers a major in "International Economics and Management" in English language.
This major aims at
- Students from abroad (Exchange Students) who would like to study in Germany
- Darmstadt Business School students with strong interest in International Economics and Management
- Darmstadt Business School students who would like to prepare for a stay abroad either for studies or for an internship.
Job perspectives: Lay the International Foundations
The major "International Economics and Management" at Darmstadt Business School adds the international angle for a successful career path in a multinational company
This major offers a good understanding of managerial fundamentals in a multinational company by training in key competencies and providing insights into a multicultural work environment. Combinded with a study stay abroad it opens up countless professional possibilities to work internationally and may serve as the basis for a subsequent Master degree program.
Module / Courses
International Business Research Methods ( Prof. Dr. Engelstätter)
Students will learn to conduct meaningful data analyses and how to write a research paper by analyzing recent data sets hands-on. These data sets originate from different business environments like, e.g., digital market data or firm surveys. This course is optional for regular Darmstadt Business School students (Wahlpflichtfach).
Management and Organization / Leadership (Dr. Vieth)
This course gives students an understanding of the interdependencies between organization, management and leadership and how these contribute to companies' success. Furthermore it prepares them to deal with challenges in the future like globalization, information technology, environmental and social risks. They learn more about appropriate methods and concepts and their application. This course is mandatory for regular Darmstadt Business School students.
European Economics and Politics (Prof. Dr. Klüh)
This course provides students with a theoretical grounding and an introduction into the main policymaking areas of European integration. In the latter part of the course students will also learn the origins and evolution of the European monetary and fiscal integration process and conclude with a discussion of the current state of the European Union, its economic foundations and challenges. This course is mandatory for regular Darmstadt Business School students.
From summer term 2016 an additional project course will be offered where students will be able to combine their theoretical knowledge gained in the „International Economics and Management“ major with current practical topics with a high relevance to internationalization of companies and integration of the European Union. The project course will be structured as team work with teamwork assignments and a minimum of five participants - 5 Credit Points will be earned by attending the project course successfully.
Information for prospective Exchange Students
A comprehensive overview of the "International Economics and Management" major, some useful information about Dieburg and a selection of leisure activities can be found in our Fact Sheet.
Organizational information for prospective exchange students on term dates, deadlines, application procedures, accommodation and language courses can be found here.
Costs: it is relatively inexpensive to study at Darmstadt Business School, typical monthly costs as an Exchange Student are detailed in our leaflet.
Further information for Exchange Students on organizational matters can be found at our international office website or contact our international office team directly, they will be more than happy to help.
As a major transportation hub for people and goods within Europe, the Rhine-Main region is experiencing disproportionate growth in the area of logistics. This means that demand is high for qualified specialists with the knowledge and skills to successfully manage the ever-increasing complexity and ever-increasing demands of logistics customers. A major in Logistics provides a solid understanding of the processes involved in the flow of materials/information between suppliers and customers, and delivers the knowledge and skills you need to plan, design and manage these processes. The program provides broad-based training/competencies in logistics and is not specific to any one industry or industry sector.
With a major in Logistics, graduates can look forward to good career opportunities with industrial/commercial companies (logistics-relevant departments), with logistics companies, as well as with logistics-oriented consulting firms, associations and government authorities. This includes areas such as materials management, order fulfillment, dispatch, procurement, production planning and management, warehouse management and supply chain management.
At Hochschule Darmstadt you also have the option of continuing your Logistics studies in the Master’s degree program.
Students majoring in Marketing will cover a range of interesting, real-world relevant topics in the area of marketing. The lecture “International Marketing” covers international topics, the “Marketing Management” lecture focuses on the management process, and “Sales Marketing” addresses sales-specific as well as legal topics.
Graduates of the program are qualified to take on a diverse range of responsibilities in marketing, market research and sales. The program also provdes the basis for pursuing a Master’s degree in marketing.
The major in Nonprofit Management prepares graduates to take on management and leadership tasks. This includes tasks in nonprofit and public sectors. In addition, there are many companies in the private sector in which business activities are not primarily profit-oriented. Many decision-makers in organizations are increasingly dealing with the question of what social expectations modern organizations should follow. Topics such as sustainability and sustainable developments, public value, corporate citizenship and even public welfare orientation play an important role.
The professional spectrum ranges from operational roles (e.g. service and production processes, marketing and customer support), financially oriented roles (budgeting and accounting, financing) to communication positions (information management, process management) and control functions (e.g. controlling, human resource management, investment management, project management) to strategic positions.
The core program consists of three compulsory courses:
- Strategy and Management of Public Value Creation,
- Organization and Management of Public Value Creation
- Sustainable Development
The course Sustainable Development can be completed either by attending the corresponding course at the Department of Social Sciences or by attending a series of events agreed upon in advance (e.g. the research seminar of the Center for Sustainable Economic and Corporate Policy (ZNWU) or conferences at the Schader-Stiftung).
Useful additions to this major include the courses "International Economics and Management" or "Economic Research Methods" from catalog of compulsory-choice modules. It is also possible to consider courses offered by other departments, where students are explicitly welcomed (after consultation with the head of the major).
- Nonprofit Management
- Strategy and Management of Public Value Creation
- Organization and Management of Public Value Creation
- Sustainable Development
Accounting is a language, a means of communication; it reveals a company’s financial situation and financial performance through numbers, which provide trained professionals with the information they need for effective decision-making. This is true for accounting under German commercial law as well as for international accounting, which is a language understood around the world. In Germany, commercial accounting laws also determine the extent to which business owners are permitted to transfer funds out of their company for private purposes.
Corporate taxation is also closely related to commercial accounting, since corporate taxes are largely based on the principle of performance. A company’s taxable profit as the basis for assessing corporate tax is based directly on the company’s profit under commercial law.
In the B.Sc. program in Business Administration you will acquire “language skills” in accounting and learn how to calculate company earnings as a component of taxable income or business profits.
The knowledge and skills acquired as part of the Accounting and Tax concentration within the B.Sc. program in Business Administration will qualify you to work in a range of different areas, including accounting/finance departments within companies of all sizes and in various industries, or for municipal authorities. In addition, your knowledge/skills will be in demand among specialist service providers such as tax accountants/advisors or accounting firms. The Master’s program (M.Sc.) in Business Administration is a chance to further expand your knowledge or move into specialized areas such as corporate accounting or business valuation.
Last but not least the Business School offers students the opportunity to participate in an integrated business simulation, which provides hands-on training and an opportunity to test the true impact of business decisions on a company’s earnings (P&L).