Requirements
For the Business Economist (Betriebswirt) training, a completed commercial or administrative vocational training (Ausbildung) as well as several years of professional experience are required. In some cases, a prior advanced training (Aufstiegsfortbildung), such as the Specialist Economist (Fachwirt), is also demanded as an admission requirement.
Structure of the Business Economist Training
The training to become a Business Economist is modular in structure and covers a wide range of business management topics:
- General Business Administration: Fundamentals of corporate management, human resource management, organization
- Accounting and Controlling: Bookkeeping, cost accounting, budgeting, financial planning
- Marketing and Sales: Market analysis, marketing strategies, sales management
- Law and Taxes: Commercial law, tax law, contract law
- Economics: Economic framework conditions, market mechanisms, international economics
Specializations of the Business Economist
The Business Economist qualification can be obtained in various specializations, depending on the focus on certain industries or subject areas. Examples of specializations include:
- Business Economist (IHK)
- Technical Business Economist
- State-certified Business Economist
- Business Specialist (as a precursor to the Business Economist)
Career Perspectives
With the qualification as a Business Economist, numerous career opportunities in leadership positions open up. Business Economists often work in the fields of corporate management, controlling, human resources, finance, and marketing. They are capable of conducting complex business analyses, developing corporate strategies, and optimizing operational processes.
Business Economist Examination
The examination for the Business Economist is usually conducted by the Chamber of Commerce and Industry (IHK) or state examination authorities. It consists of written and oral examinations in the areas of business administration, accounting, law, and taxes, as well as the chosen specialization.
Further Education Opportunities
After obtaining the Business Economist qualification, there is an opportunity to pursue advanced studies or qualifications, such as a bachelor’s or master’s degree in business administration (BWL) or related fields. This allows for further career steps and access to higher management positions.
Promotion and Financing
The training to become a Business Economist can be promoted through the Aufstiegs-BAföG. This funding consists of a grant as well as a low-interest loan, which can be partially waived after successful completion.