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International Business Degree Programs /
Are you interested in an internationally oriented career? Our International Business program will teach you the "instruments being played" in the dynamic world of international business.
Starting out with basic business courses and moving forward through advanced and specialized courses, students receive a comprehensive, application-oriented education which also includes special courses for developing soft skills, language proficiency and stays abroad. We are ready to launch your international business career!
60 new students per year, approximately one third of them come from outside of Germany _ 2 mandatory semesters abroad (internship semester with an internationally operating company and study semester at a partner university) _ course instruction 100% in English _ very high success rate: 85 % of the first semester students complete their studies _ 98% of all IB-graduates easily find employment within the first 6 months after graduation
The standard duration of the study program International Business at Nuremberg Tech is seven semesters including the internship semester and the semester abroad, and is based on a total of 210 ECTS. The program has a modular structure and consists of three major components.
For detailed course descriptions please see our Module Catalogue.
Overview on financial methods for investment decisions. To apply techniques of linear programming, differential and integral calculus to business and economic problems.
Understanding fundamental business administration concepts in order to assess the internal and external company environment.
Ability to apply theory into practice using topical business themes
Techniques of book keeping. Understanding the annual report. Establishing and analysing an annual report.
Techniques of Cost accounting. Basic understanding of the types of costs, actual and standard costing, variance analysis.
To know basic concepts and techniques of statistical analysis and to be able to apply it to business and economical problems.
Knowledge of the foundations of Business Information Systems like
Knowledge of common software tools to perform typical tasks of a student and a business professional, like
Information Technology and Information Systems:
The student should learn how to set up and structure a legal contract. The fundamental knowledge of constructing a contract regardless of the type (employment contract,…) shoud be conveyed. The legal obstacles to the effective conclusion of the contract must be recognized. The special consumer protection remedies should be learned. In addition to the placement of concrete legal action, it is a key objective of this module, that students can grasp complex issues and problem-oriented arguments to find a solution. The aim is further to improve the linguistic skills by improving the legal argumentation.
This course will provide the student with general presentation and communication skills and will help him to gain security in presenting in front of diverse audiences. The participants of this course will learn the elements, the structure and presentation tools for an effective presentation. Moreover, they will become aware of their own way of communicating and will learn how to effectively use verbal and nonverbal communication in order to successfully target their audience.
Efficient preparation, logical structure of a presentation, guidelines for an effective presentation design, increased awareness of appropriate verbal and nonverbal communication, developing an individual presentation style based on personal strengths, improving self-awareness, increasing confidence and decreasing insecurity and nervousness, rules of feedback.
The goal for the students is for them to practice writing a proper academic paper and learn how to structure and research arguments scientifically, using theory to support the thesis. The methodology used is that of guided learning by doing. The doing is writing two assignments based on the theory being taught in the parallel course ‘Foundations of Business Administration’. The imported theory will be used by the student as an explanation and logic support.
The time up to the first assignment is taken up with general information on writing a short essay paper. Topics covered here fall under the writing process including: foundations, avoiding plagiarism, from titles to outlines, reading and note taking. The follow-on main stage prepares the student for a complete academic paper and the contents include: title, table of contents, executive summary, introduction, literature review, use of theory, methodology, results, discussion, the conclusion and appendix. The Harvard method of referencing is adopted.
Giving an effective presentation, writing job applications, developing communication and writing skills while becoming more fluent and confident in using the language of business.
To understand the macroeconomic frame conditions in which companies act.
To know basic concepts and techniques of macroeconomic analysis and to be able to apply it to business and economic problems.
To understand basic issues of macroeconomic policies.
Intermediate course in Macroeconomics:
Macroeconomic accounting; the business cycle, money and inflation, unemployment, economic policies under different exchange rate arrangements, Phillips-Curve analysis, demand vs. supply side policies, problems of demand side policies, determinants of economic growth.
The theoretical analysis is consistently applied to real world cases.
To understand the economy as a complex, self-organizing system. To know basic concepts and techniques of microeconomic analysis and to be able to apply it to business and economic problems. To understand basic issues of economic and environmental policy.
Course contentsIntroductory course into Microeconomics: The economy as a complex, self-organizing system, economic theory of human behaviour, theory of the firm and market structure, implications of different market structures, game theory and strategic decision making, economic analysis of the state and economic policy, externalities and national and international environmental policy issues.
Knowledge of the organisation of operations of firms, relevant methods in planning and execution of operations systems, measures of efficiency, basics of supply chain management.
To recognize environmental issues as part of the management tasks, to attain knowledge on the prevailing problems and possible solution patterns in environmental management and to know important instruments (management systems, life-cycle analysis, reporting schemes).
Understanding Principles of international Marketing as well as concepts and practical usability. Develop the ability to compare concepts and instruments depending on the situation. Ability to apply the theory to the real world challenges in Marketing.
Marketing concepts and philosophies, marketing organisation, instruments and marketing mix, marketing aims, planning, control and strategies. Basic concepts of market research, secondary research, setting up of primary research projects, evaluation techniques and information processing, market forecasting. Customer relations, product strategies, product planning and development, product range policy. Pricing policies/strategies, price determination, terms and conditions policies. Direct and indirect sales concepts and strategies, physical distribution/communication theory; corporate identity; advertising PR, sales promotion.
Human Resource Management can be viewed either as a support function in the organization, to provide assistance to line employees, or as a function of every manager’s job to effectively manage employees. The participants broaden their knowledge of both roles.
They’ll be able to
e.g. recruitment and selection methods
The students have the opportunity to check theoretical concepts by working on “real world” case studies.
Learning objektivesProvides an overview on Financial Management, Financial Systems; Financial Concepts incl. Tim Value of Money, Risk and Return Valuation; Long-term Investment Decisions incl. capital Budgeting and Cash Flow, Capital Budgeting Techniques and Long-term Financial Decisions incl. Cost of Capital. Leverage and Capital Structure, Dividend Policy
Course contentsLiquidity, capital requirement, financial balance, organization of internal finance management, payment transactions, instruments of financial management (financial ratios, plans and controls). Types of financing, relevant markets for financial management, financial substitutes, safeguarding of credit. Practising financial planning, cash management, cashflow management, balance sheet analysis, financial regulations, new developments in the field of finance, corporate financial policy.Types of investment, problems of uncertainty, investment plans, analysis based on ROI, NPV, IRR, annuity.
An important part of the International Business program is an internship abroad of 20 weeks. It significantly contributes to the student's personal and professional development and enhances his/her employment prospects. The internship is generally scheduled for the fourth semester.By means of this internship, IB-students have the opportunity to work alongside experienced managers from all over the world and to acquire valuable professional skills. Theoretical knowledge will be applied in day-to-day business situations, in order to allow the student to accumulate a wide range of practical and managerial tools.
During the fifth semester, each student is expected to study for one semester at one of over 70 partner universities of the Faculty of Business Administration.The study semester abroad is an exciting opportunity to gain insight into different approaches to management teaching, to experience life in a different society and culture, and to develop one's own language proficiency. It is an integral part of the IB degree program for which our students are carefully prepared during their first years of studies.
- Enforcement Actions, Art. 258 ff. TFEU; ->Preliminary Rulings, Art. 267TFEU;
- Review of Legality, Art. 263 TFEU; ->Damage Action, Art. 268 TFE
European Monetary system, International Financial architecture (EMS, IMF, World Bank, SDR), the causes of currency and balance of payment crises
Establishing and valuing the annual report based on IFRS, Introduction into German tax law.
British and American principles of accounting (GAAP, IAS). Valuation regulations, structure of balance sheets, profit and loss accounts, closing entry and year end accounts, understanding important accounting questions and the international terminology.
To get familiar with basic knowledge in International Marketing.
Case studies, current topics, exercises and business games with simulated situations in the area of international marketing and communication.
Topics for theory and analysis:
You can focus on different areas - see Specialization.
The four pillars of general management (planning, organizing, leading and controlling) will be revisited. Links will be introduced from these four pillars to strategic choices and made apparent through cases.
The course will equip the student to master the core principles that underlie the operations of multinational corporations (MNC) trading throughout our increasingly interdependent and interconnected world. By the use of cases, students will be able to evaluate aspects of managing international businesses and identify adequate solutions to typical international business problems. The wide reaching effects of globalization will be investigated via practical cases.
Ability to apply theoretical knowledge to a business idea, a real project or a business plan. Learning and improving teamwork.
Course contents Students must develop and carry out an independent project. This project can consist of a business plan, an event or an applied research project.
IB-students conclude their studies with the Bachelor´s Thesis either written during their 7th or 8th semester depending on the individual study progress. In dealing with a large scale international topic students will be able to work independently on a scientific issue.The Bachelor´s Thesis can be carried out in form of a research project at our university or in cooperation with a company. The duration for writing it is 5 months.
The International Business program allows to specialize in a particular area by earning a minimum of 14 ECTS from elective courses, by spending their internship semester in the respective field, and by examining a topic from the chosen area of specialization in their Bachelor´s Thesis. The program currently offers the following focus fields:
The career focus “Finance” provides a comprehensive overview on main concepts in the field of corporate finance. Topics such as capital budgeting, capital structure decisions, the time value of money and further basic subjects of managerial finance are covered in an application-oriented way. The courses lay the foundations for a career in the corporate finance-, banking-, or insurance industry.
Human Resource Management deals with the different aspects of personnel management, including recruitment, retention management, talent management, and leadership issues. The overall objective is, to develop an understanding of basic issues in human resource management and how to tackle these issues with economic methods.
The career focus International Economics provides a general introduction into the economics of globalization. Issues like what determines international trade patterns or exchange rates are tackled. Furthermore, a strong focus will be put on European economic integration.
Marketing is the activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large. As a specialization Marketing deals with concepts that are needed to satisfy needs of customers on the long term. On a strategic level this comprises a thorough understanding of customer characteristics, needs (through market research) and customer buying behavior as well as the derivation of sustainable competitive advantage(s) (on the base of the prior information). On an operational level marketing treats with questions on how to create the right product / offering (for the descripted target customer group), how to price this offer adequately, how to place this offering (at locations where the key customer group would buy it) and how to communicate with customers in order to convince them to know, value and buy the product offering.
Efficient logistic networks are essential requirements for successful economies. In the course “Distribution and Supply Chain Management” the focus is placed on the logistical processes and structures within these networks, which are necessary for supplying customers.The reason why distribution logistics is given such a high degree of importance is due, on the one hand, to the high costs involved in distribution logistic tasks. On the other hand distribution logistics is increasingly taking on a more important role in the service policy of many companies.Students gain a strong knowledge in the tasks, specific features, challenges and success factors of the distribution systems within industry, trade and the services sector. They will also gain the ability to choose, evaluate and use relevant solutions in distribution logistics in a structured manner.
Feel confident on the international stage: International Business graduates work in leading positions in all aspects of international business. They can be consultants for corporations, managers in human resources and take responsibility for business transactions and finances. On their own or within a team they work on formulating strategies, negotiate with business partners and allocate materials and human recourses. Since the world has become a global village International Business graduates are sought after by medium-sized companies as well as global players, like Adidas and Siemens. Employment is also offered with multi-national organizations, government agencies and NGOs (non-governmental organizations mainly in the devepment aid sector).
The advancing globalization of the economy brings about constant changes in international markets, and dynamic processes require highly qualified business experts who work with a long range perspective on shaping the future.
Graduates of our specialized International Business degree program are well prepared to assume leading positions in internationally operating companies, and almost all of them easily find employment (98 % within 6 months after graduation).
Salaries are highly divers depending on the employers. However, they are usually somewhat higher than a graduate of a classical Business Administration program would get, since the international component is highly valued by prospective employers.
What might happen once the IB program is over? International Business alumni at a glance:
Date of Graduation2015
Current positionIntern Business Development in a start-up company in Liestal, Switzerland. From September I will be a master student of Business Ethics in Helsinki, Finland.Topic of the Bachelor´s ThesisCorporate responsibility – what is it really worth? The relationship between corporate responsibility and brand value in the textile industry – a case study analysis of Nike Inc. and H&M.How would you describe your Pre- and Post-MBA work in one sentence? I work as an intern in a start-up company: Not one day is like another and my tasks are diverse and challenging.What did you like about your International Business studies in particular?I loved the international and intercultural experience – the program as well as my fellow students have truly encouraged me to expand my horizon in many ways. Through the IB program, I have made international friends in Hong Kong, France, the US, in Taiwan and many other places all over the world.Do you have any recommendations for future International Business students?Keep up the great network. It is something you might not appreciate while in university, but the IB program does create a special connection over the years of studying.
Date of Graduation
July 2011Current positionMBA Candidate at Columbia Business School in New York, graduating in 2017.Topic of the Bachelor´s ThesisCountry Risk Management with particular consideration of North Africa.How would you describe your Pre- and Post-MBA work in one sentence? From Risk Management Consulting to Strategy Consulting – Client-centric, Project Management, Holistic view of organizations, Travel intensive.What did you like about your International Business studies in particular?I really enjoyed the program’s small size and tight-knit community. In addition, my IB studies laid the foundation for strong soft skills, which have been invaluable for my career to date.Do you have any recommendations for future International Business students?I couldn’t have picked a better undergraduate program than IB. I had some of the best years of my life and it enabled me to reach all of my professional goals so far.
Date of Graduation2011Current positionFinancial Analyst at Goldman Sachs AG FrankfurtTopic of the Diploma/Bachelor´s ThesisSustainability in the Mutual Fund UniverseHow would you describe your work in one sentence? We advise High-Net-Worth Individuals, foundations and family offices on multi-asset investment ideas and current market trends. What did you like about your International Business studies in particular?The IB Program gives a perfect preparation for the upcoming work-life. I especially liked the close contact and interaction with all professors and students as well as the international set-up of the program. The Program perfectly combines academic research with practical examples and insights and hence goes far beyond just learning by heart.Do you have any recommendations for future International Business students?Enjoy your studies and get as much out of the IB Program as you can since you will not only gain highly valuable academic knowledge but you will also get to know great people, at Nuremberg Tech and during your studies abroad, who will be helpful and a great value-add for your entire life.
Date of GraduationNovember 2009Current studies Master International Finance and Economics at Nuremberg TechTopic of the Bachelor´s ThesisCase Study of Indian Market Entry – Skoda Auto IndiaWhat did you like about your International Business studies in particular?The classes in English and the international student group were great, just like the compulsory semester and internship abroad. Most of all I liked that after a few years, I met one of my former fellow students in Singapore where we were both working at the time.Do you have any recommendations for future International Business students?Good grades are awesome but it’s really about experience. Put a bit of thought and preparation work in your internship and semester abroad – those are the experiences you benefit from later down the line.By the wayAfter graduation, I worked as a stagehand in Berlin, Executive Assistant for the CSO of a TecDax company in Munich and as an international sales manager for a solar power plant builder in Singapore which took me to pretty much all the countries between Germany and Japan. I took a year off afterwards to turn 30 in peace and am now finishing my MSc at TH Nuremberg in finance and hope to get back into management and international travel soon.
Date of GraduationDiplom 2004, MBA 2007, Dr. rer. pol. 2016 (FAU)Current positionSenior Business Consultant in CII (Continuous Improvement Initiative) at adidas AGTopic of the Diploma/Bachelor´s ThesisDiplom Thesis: ”The effects of Free Trade Areas, Case Study: Mexico and the EU”MBA Thesis: “Offshore Outsourcing – adidas in India”How would you describe your work in one sentence? I am working as an in internal Senior Business Consultant owning, coaching, and providing methodologies, that focus on clarifying management roles, reengineering core processes, driving a professional communication culture and enabling leadership within adidas.What did you like about your International Business studies in particular?• International group of students and mindset• English as main language• High level of practice orientation • Opportunity to move abroad to study and doing an internship as part of the curriculumDo you have any recommendations for future International Business students?"Some people want it to happen, some wish it would happen, others make it happen." (Michael Jordan)“The world is changes by your example, not by your opinion” (Paulo Coelho)By the wayEva Maria shows impressively that it is possible to raise children while pursuing your own career: She and her husband have two small children. She received a governmental scholarship for highly qualified doctoral students and received her Dr. degree in 2016.
Date of GraduationSeptember 2015Current positionMaster Student in “International Marketing” at TH NürnbergTopic of the Bachelor´s ThesisEvaluating Ways to Generate Competitive Data in the Automobile Industry – The Competitive Intelligence ApproachWhat did you like about your International Business studies in particular?In addition to the fact that I was able to drastically improve my English language skills I also liked the two exchange semesters abroad. Moreover, I particularly benefitted from methodical study contents such as presenting in front of many people and academic research and writing.Do you have any recommendations for future International Business students?For everybody who loves foreign cultures, languages and an overall international approach this study program is absolutely suitable.
Date of GraduationMarch 2016
Current positionMaster student in “Betriebswirtschaft” at TH Nürnberg
Topic of the Diploma/Bachelor´s ThesisBenefits of Company-wide Standards for International Projects – A Comparison of Two Current Projects at GfK Retail and TechnologyWhat did you like about your International Business studies in particular?As I really liked the program as a whole, it is hard to decide what I liked most. One aspect that has made this program so special for me is the truly international experience from the start. Having lectures in English and working on projects with so many people from all over the world creates a wonderful, international atmosphere already at the TH. Of course having the chance to study and work in other countries is another highlight of the program. I had an amazing time and learned a lot doing my internship in New York and my semester abroad in Italy! These experiences are unforgettable!Do you have any recommendations for future International Business students?If you are interested in a program that offers hands on learning in relatively small groups, the opportunity to go abroad and experience other cultures in a social and work context, the IB Bachelor program is a great choice! Take advantage of the various possibilities it has to offer and mix up with the foreign full-time and exchange students coming to Nuremberg - this is what makes the program so special!
Upon completion of the International Business program Master programs in International Marketing and in International Finance and Economics are available. Both programs are taught in English. A German-taught alternative would be the Master Betriebswirtschaft.
There are many reasons for young people to come to our International Business program. First of all we would like to have motivated students who are internationally oriented. Secondly they should have an interest in general business studies as well as in languages. And thirdly they need to bring good grades to gain access to the program.
For the IB program, we highly recommend to have the following:
Absolutely essential during the first three semesters are the three fundamental courses "Business Mathematics", "Foundations of Business Administration" and "English". Young students often underestimate the importance of Mathematics and therefore fail the exam.
For the internship each students needs to find his/her own company. To start at least half a year before the internship begins is highly recommended.
If you are not sure if International Business is the right degree program for you, Nuremberg Tech offers a number of tools and resources to assist you.
You can check directly online whether this course suits your abilities and interests.
Attend one of our trial lectures in International Business. You will get a first impression of the degree program and the atmosphere of our university.
Do you prefer to get information and assistance anonymously, online and outside of fixed office hours?
If you are seeking individual advising and support in finding the right degree program, please contact the team at our Student Counseling Service.
Student Counseling Service
If you would like information about the content of specific courses of the International Business degree program, the Faculty advisor can provide you more detailed information.
studienstart(at)th-nuernberg(dot)deTelefon: +49 911 5880 4114(Mo-Do: 7:30-16:00 Uhr,Fr: 7:30-14:00 Uhr)Or ask directly online:Student Counseling Portal
Study abroad opportunities are available at Nuremberg Tech’s more than 160 partner universities worldwide. The International Office can best inform you about the various possibilities to study abroad.
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