Characterization of „Banking“ in University Studies

Banking is an institutional and theoretical subject at the same time. To gain an adequate understanding of the functionality of a bank and to obtain starting points for an efficient enhancement of the banking business, it is necessary to determine the meaning of the existence of banks for capital markets. At the same time, it helps to assess the regulatory requirements of the banking sector.

The subject of banking encompasses both the insitutional and theoretical analysis of banking businesses and their surroundings, as well as their business economics. Due to their immense impact on banking, the fields of managerial accounting, controlling and risk management are discussed in detail.

For banking offers an abstract of the entire field of business studies and much of economics, manifold combinations with other course specializations are reasonable. This applies for the field of Accounting & Finance (with Managerial Accounting, International Financial Accounting, Taxation and Corporate Finance) as well as for an extension towards Human Resource Management, Marketing or Business Informatics. Economic aspects such as Microeconomics or Macroeconomics and Finance and methods of Empirical Economics complement the studies in banking.

Banking affects various sectors and offers a broad education. Thus a diverse field of activities for alumni that minored in banking unfolds. The occupational outlook (only available in German) for students in banking is exceptionally good, even regarding the generally good prospects for business students. Banks, insurance firms and also consulting and auditing businesses as well as other enterprises of the financial sector are applicable employers.

Today, internships are regarded more important than an apprenticeship in banking, where knowledge is outdated after completing university studies. Parts of the banking sector that are sometimes regarded as attractive, such as the investment banking, are a very competitive candidate environment for alumni. On the other hand, firms heavily seek for candidates in insitutional banking, private banking, IT and internal consulting. Specific knowledge in (international) accounting of financial instruments is in high demand not only in banks, but also in auditing companies.