EUROPEAN ECONOMY AND BUSINESS MANAGEMENT

“The reason why I studied at the FH bfi Vienna was that I had previously started to study at university. It had, however, proven rather difficult together with work to get organised in my studies as well. The best solution thus turned out to be one of the major strengths of the FH (University of Applied Sciences), i.e. a work-cum-studies study programme.

When I finished my bachelor’s degree here, it was clear that I would continue with the master’s programme. The major reasons were the opportunity to finish my master’s degree within 3 semesters, the family-like atmosphere at the FH, and the high degree of practice orientation.

I think I can say that the impulses I received during my studies at the FH prepared me excellently for the international world of work waiting out there.“

Perpetual Jacqueline GYANKYI, BA, Student

 

Qualification awarded
Master degree programme (3 semesters, 90 ECTS credits): Master of Arts in Business; abbreviated: MA

Level of qualification
Master degree programme: second cycle, ISCED 5A, EQF level 7

Specific admission requirements
A precondition for admission to a master degree programme at a university or a university of applied science is the successful completion of an Austrian bachelor degree programme or a comparable post-secondary degree acknowledged to be its equivalent. Generally admission to universities of applied sciences is based on a selective admissions process, which usually consists of an interview and a multiple-choice test. The admission process for the degree programme European Economy and Business Management (master programme) consists of a written application, an interview and a multiple-choice test.

Specific arrangements for recognition of prior learning (formal, non-formal and informal)
Students who have acquired certain competences through prior learning can apply for the recognition of these. If the competences were acquired within the framework of a formal learning process (university or equivalent, or other recognized training /education institutions), the programme director decides on the basis of the provided documents (transcripts, course descriptions, etc.), if the credits for the prior learning can be transferred. If competences were acquired in a non-formal or informal context, students can request a competence ascertainment test. If the student passes this test, the competences acquired through prior learning will be credited. Applications for recognition of prior learning have to be submitted within 14 days of the beginning of the semester in which the course is situated. Students must substantiate a request for recognition of prior learning with original documents or officially authenticated copies.

Recognition of study abroad periods
Before the study abroad period every prospective mobile student draws up a learning agreement which has to be approved by the UAS bfi Vienna and the host institution. In case of changes in the study programme the learning agreement may be amended. All changes have to be approved by both the UAS bfi Vienna and the host institution. After the mobility period students hand in their transcripts of records to the mobility coordinator, who will facilitate the recognition based on the signed learning agreements and the approved changes. The credits obtained at the host institution in accordance with the learning agreement are automatically transferred into the transcript of records of the UAS bfi Vienna with their original titles and a reference to the host institution, where the study abroad credits were obtained.

Qualification requirements and regulations
Prospective students of the master programme European Economy and Business Management should already have acquired skills in Business Administration (at least 8 ECTS credits on bachelor level), Finance and Accounting (at least 8 ECTS credits on bachelor level), English (4 ECTS credits on bachelor level– not for native speakers) and Law Studies (at least 6 ECTS credits on bachelor level). They should bring a solid understanding of general management in theory and practice from their original bachelor degree programme. They should possess profound knowledge in the core disciplines of business and economics. Furthermore, practical experience, particularly as part of professional work during the career-parallel degree programme is desired (Career-parallel programmes are designed for working students and take their specific situation into account. The semester takes 20 weeks and classes are held on three evenings per week and on Saturdays.). This connection to real life makes it possible for students not only to profit even more from the content of the degree programme, but also to learn from each other - through discussing experiences and approaches in the various companies, industries and positions in which they are employed.

Profile of the programme
The master programme European Economy and Business Management is a 3-semester programme (90 ECTS credits) to be studied in a career-parallel form. It can be divided into 4 subject areas:

  • Management: Leadership, Talent Management and Change Management, Innovation Management, Conflict Management, Corporate Governance, Investor Relations Public Affairs etc.
  • Finance and Accounting: International Accounting, Value-based Management, International Fiscal Law
  • European Studies: International Economics & European Relations, European Regional Economics & Disparities, International Politics, European Integration, Capital Market Law etc.
  • Foreign Languages: English, Compulsory Elective Language (French, Spanish, Russian)

 

Graduates of this degree programme can carry out various management functions (e.g. in export, finance, marketing, personnel and project management) in large or medium-sized companies with a strong international orientation (e.g. companies with subsidiaries abroad or companies with substantial exporting activities). Thanks to their solid foreign language skills and their comprehensive understanding of the European integration process graduates of the degree programme European Economy and Business Management could also work in the EU administration. In addition graduates could also work as consultants (e.g. tax consultants, EU funding consultants).

Key learning outcomes
The master graduates are able to:

  • develop internationalization strategies for enterprises;
  • initiate change management processes (Change Management) and accompany the follow-up projects;
  • prepare the selection of suitable takeover targets, and assist in the ensuing organisational restructuring process;
  • develop ideas of international HR development;
  • produce value-based management tools for performance-measurement in domestic and foreign subsidiaries;
  • draw up the annual accounts according to international accounting regulations (IAS/IFRS);
  • prepare business location decisions in foreign direct investment (FDI).

 

Occupational profiles of graduates with examples
Graduates of the degree programmes European Economy and Business Management are prepared to master duties and responsibilities as described above (key learning outcomes) primarily in larger internationally oriented companies and organizations, e.g.:

  • Austrian companies that are highly export-oriented or have foreign subsidiaries;
  • foreign companies operating in Austria;
  • Austrian or foreign headquarters and subsidiaries of international groups;
  • international accountancy and auditing firms;
  • business consultancy companies;
  • public services (ministries, financial authority etc.);
  • EU-Administration (EU-commission etc.);
  • international organisations (UN, OECD etc.);
  • other non-profit-organisations (political parties, NGOs).

 

Graduates of the master programme European Economy and Business Management are supposed to assume responsibilities in mid-management leading positions.

Access to further studies
Graduates of UAS master degree programmes are entitled to enrol in doctoral programmes at universities.

Course structure diagram with credits

  European Economy and Business Management MA (PDF, 57.10 KB)

Course descriptions in German
Course descriptions in English

Examination regulations, assessment and grading
Every examination can be repeated twice, whereby the third examination is before a commission. In case of a negative commission examination, a once only application to repeat a year can be made to the degree programme director. According to the modalities for examinations outlined in the curricula, achievement may be evaluated upon the basis of oral and written exams or project related work. In principle oral examinations are open to the public (Source: Austrian Federal Ministry of Science and Research Unit III/7). The examination at the end of a master degree programme consists of drafting of a master thesis and a commission examination.

Austrian Grading Scheme (PDF, 38.95 KB)

Additional information about the grading system is provided in the Transcript of Records (ToR) and the Diploma Supplement.

Graduation requirements
All courses in the curriculum must be passed in order to sign up for the final oral master's examination. Subjects for the master thesis are assigned at the end of the second semester, and the third semester is dedicated to writing it. The student is to illustrate his/her scientific competence by independently and innovatively addressing the subject. The master thesis must be submitted in bound form and positively evaluated by the supervisor. The examination for the completion of the master degree programme consists of the written master thesis and a committee examination before an examination board. This committee examination consists of a presentation and defence of the master thesis, an oral examination, which goes into the cross-connections between the subject of the master thesis and the relevant subjects of the study plan as well as an oral examination about other curriculum-relevant content.

Mode of study (full-time, part-time, e-learning…): career-parallel

Programme director or equivalent: Elisabeth Springler, tel.: ++43-1-7201286-20