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Degree
Bachelor of Science (BSc)

Language
EN

Semester fee
6,700 Euro

Tution fee for semester abroad may differ

Application deadline
31 May

Start of programme
mid-August

Duration
7 semesters

Full-time Interdisciplinary Business Studies

Corporate decisions today require an understanding not only of economic matters, but also an eye for social and political contexts. As the boundaries between business, politics and society are becoming more and more blurred, the need for individuals able to analyse complex problems and solve them creatively within a global context is ever increasing.

Our BSc will enhance your abilty to look at current national and international challenges in politics and society and develop solution strategies from different angles. Our emphasis on questions of philosophy, logic and ethics sharpens your analytical skills in a way that is directly applicable to todays business environment.

Target Audience

Highly motivated students who wish to pursue a first degree in business with a special focus on banking and finance. After graduating, students are ready to pursue an international career. Business consultancies, as well as banks and other companies with international operations, appreciate your broad view and analytical skills.

Highlights

Fully taught in English, this concentration attracts highly motivated students from Germany and around the world.

The required semester abroad gives you the opportunity to gain international experience and be fully immersed into the professional working environment while at an internship.

Requirements

  • Recognised university entrance qualification (German "Abitur" or equivalent)
  • Frankfurt School Admissions Test or one of the following test scores: SAT, ACT Plus Writing, TestAS
  • Very good knowledge of English (language requirements listed below)
  • Letter of motivation

Language Requirements

For our English-language concentrations you need to be fluent in written and spoken English. We accept any of the following tests as proof:

Application and Admission

The entire application is completed online. In addition to formal eligibility requirements we require the following documents with your application:

  • Relevant certificates (Abitur, IB Diploma, University Entrance Qualification, etc.)
  • Motivational letter (maximum of 500 words)
  • Proof of English knowledge

In case your application is accepted you will be invited to participate at the Frankfurt School Assessment Center or you can hand in the results of the following admissions tests: SAT, ACT plus writing, TestAS (core test and Economics module).

Study fee

Registration fee:100,00 Euro
Semester fee:6.700,00 Euro
(Tuition fee for semester abroad may differ depending on the chosen partner institution)
Total tuition fee:40.300,00 Euro
(plus tuition fee for semesters abroad)

Monthly installments possible.

 

Curriculum

The Management, Philosophy & Economics BSc prepares you for an international environment, both personally and professionally. You will spend the fifth semester abroad, allowing you to gain new experiences for your future.

Frankfurt School’s International Office will support you in finding your choice of partner university and preparing you for your semester abroad. Our Career Services will support you when finding an internship and are easily accessible for all students.

Semester 1

Practical Philosophy

Upon completion of this module, students will be familiar with the most pressing problems in ethics and metaethics and able to reconstruct the most important moral theories in order to employ them within analyses of specific cases. Moreover, students will not only be in the position to re-consider their own value system, but also to develop a reflected approach to the objectivity and practicality of morality.

Logic and Argumentation

Financial Accounting

This module focuses on the basic concepts underlying financial statements and on the terminology and methods that allow the students to prepare, interpret, analyze, and evaluate corporate financial statements.

Students will acquire fundamental accounting skills for a management or other roles such as financial analyst. Students will gain an understanding of how financial statements are prepared and develop the skills to prepare financial statements. Students will be able to analyze corporate annual reports and to make investment decisions.

Mathematics

This module covers the general contents of the education in mathematics taught in undergraduate business administration courses. Its primary objective is to provide students with those methods that are necessary to address quantitative questions in economics. Starting with essential fundamentals on mathematical deduction the module introduces the basic concepts on sequences and their key properties. This directly leads over to the analysis of real valued functions and their wide field of applications in economics.

Microeconomics and Decision Making

The module integrates microeconomics with decision theory. After completing the module students are capable of analyzing decisions under different circumstances, and to discuss these decisions both from an empirical and from a normative perspective. They learn to distinguish accurately between decisions under certainty, uncertainty and risk, and they are fully aware of the difference to game theoretical situations. This enables students to analyze likely outcomes in different market structures such as perfect competition, oligopoly, monopoly and natural monopoly. Subsequently, students can apply their knowledge to regulatory debates on different topics such as environmental policy or the health sector.

Semester 2

Statistics and Probability

This module is an introduction to descriptive statistics, probability theory and inferential statistics including hypothesis testing with applications to economics and business. Descriptive statistics covers the examination of observed data. Key concepts are characteristic figures of samples like different kind of means, measures of variation, empirical distribution functions and their graphical representation. Of particular importance are measures for the dependency of several characteristics and the distinction between correlation and causality. Probability theory introduces the concepts of probability spaces, random variables and their theoretical distributions. They serve as a mathematical model to describe processes that are driven by coincidental input.

Markets, Incentives and Ethical Management

The module consists of two separate parts. The first one is, which is summarized under the title “Markets and Incentives”, draws on the content of the course Microeconomics I. It provides a short refresher in game theory and then explains the problem of oligopoly in detail. It introduces the notion of market power by many firms, how competition plays out in static and dynamic environments, how firms can collude and cartelize the market, and demonstrates that unregulated markets do not lead to an efficient outcome in this case. It also introduces asymmetric information, such moral hazard and adverse selection, in markets, which will allow students understand the problems of these ubiquitous phenomena in detail and also the resulting institutions to deal with them. Finally, the course considers the interaction between markets for different goods and introduces the concept of general equilibrium. The second part on “Ethical Management” …

Managerial Accounting

Cost accounting provides cost and revenue information to support various managerial decisions within firms. The module introduces traditional and advanced costing approaches, including cost classification, absorption costing, direct costing, activity-based costing, target costing, and budgeting.

Theoretical Philosophy

Political Theory

Upon completion of this module, students will be able to reconstruct and systematically discuss the most important debates in political philosophy. This will allow them to reflect critically on their own socio-political views as well as to subject current public debate to solid and careful philosophical analysis.

Semester 3

Applied Research Methodology

This module deals with research methodology from an applied perspective. Today’s business environment is driven by empirical evidence of both quantitative and qualitative nature. Having the right methodological skills and competencies is therefore crucial not just for a career in academia, but for everyone faced with business decisions. The module is divided into two parts.

Operations Management

Economic theory assumes that on efficient markets prices adjust to match supply with demand: if there is excess demand, prices rise; if there is excess supply, prices fall. However, most managers in most enterprises would prefer to be able to match supply and demand without adjusting prices. To them excess demand means lost revenue and excess supply a waste of resources. They do not like the thought that an overproduction of the product that they are responsible for has to be scrapped or sold at discount prices. This course is about how companies can design their operations to better match supply with demand and thereby gain a significant competitive advantage over its rivals.

Language

Macroeconomics

This module introduces students to essential macroeconomic models and concepts for closed and open economies in the short as well as long run. A special focus will be given to macroeconomic policy.

Finance

This module introduces students to the economic function of capital markets. The first part of the module covers firms’ investment decisions. Students will learn how to value cash flows that accrue in the future and to calculate returns correctly. The latter part of the module deals with the cost of financing. It introduces students to the concept of market efficiency and portfolio theory. Students will learn how to derive the cost of debt and equity financing and how to use this information to determine the firm value.

Semester 4

Marketing

This module consists of four parts:

1. *Marketing effectiveness*

2. *Strategic marketing and customer management*

3. *Brand management*

4. *International marketing*

Corporate Design and Behaviour

The aim of the module is to provide students with insights into business strategy, basic structures of firms and  how they affect the behavior of firm employees. In addition, students develop insights into why continuous development of both strategy and organizations is essential and how management and staff can achieve both. Students are also encouraged to develop their own ideas concerning the range of conceptual tasks within a business.

Economic Methods

Independent Research Paper

Economics and Philosophy

Semester 5

Semester Abroad

Semester 6

Electives

Semester 7

Bachelor Thesis

Electives

Semester Abroad

The semester abroad is an integral part of the Bachelor of Science and comprises two elements: studying at a university in the host country and Internship. You will spend your 5th semester at one of our partner universities.

An internship abroad will give you great opportunities to gain practical experience around the world. The Frankfurt School International Office will support you with organizing your semester abroad.

Information Events

Trial Lectures

Are you curious about life at Frankfurt School? Why not stop by and experience a regular day for yourself! You can take part in a regular lecture during term time from March to May or September to November. Feel free to contact our team to arrange a visit, including a guided tour of the campus.

Register

Consultation

Rather than just attending class for a day, you can also benefit from the opportunity of an individual consultation to find out what Frankfurt School has to offer. Our academic advisors are ready to help! Find the programme that suits you best and get information about scholarships and tips on how to finance your education.

Click here for more on academic consultations

Bachelor Day

We invite you to meet us in person and learn more about our Bachelor programmes. At our Open Day, you will find everything you need to know about admission requirements, language skills, entry tests, and experiences from current students. Students will share their experience and perspectives openly. Don't forget to experience the Frankfurt School classroom culture by attending a trial lecture on campus and use the opportunity to engage directly with professors to get a feel for the teaching at our business school.

Next Bachelor Day

Date: April 29, 2017 | Time: 10:00 - 16:00 | Place: FS Campus

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Bachelor Evenings

You cannot come to our Bachelor Day? We are visiting several cities in Germany. Learn more about our unique Bachelor's programmes at our Bachelor Evenings outside Frankfurt School.

Next Bachelor Evening

Date: May 17, 2017 | Time: 18:00 | Place: Münster    
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Date: May 22, 2017 | Time: 18:00 | Place: Karlsruhe 
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FS at Fairs

Visit us at our national and international fairs. Get information about our Bachelor of Science concentrations, meet our students and learn more about living in the financial hub of Germany.

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