The Bachelor programme of Business Administration is setting up the basis of an economic education which, on the one hand, prepares undergraduates for lower and middle management positions of the regional economy and, on the other hand, represents the foundation for the consecutive Master programmes.

Nowadays, modern information and communication systems act as central nervous systems of companies and non-profit organisations by supporting them with the coordination of business processes and decision-making. Their integrative nature makes sure that business processes are executed in a frictionless manner, saving time and costs. In today's global competition, corporate management would be unimaginable without such a nervous system which is developed, controlled and analysed by business data processing specialists.

Due to the all-round training graduates are offered interesting challenges on the national and international labour market anywhere information needs to be processed. Fields of activity comprise producing and manufacturing industries, commerce, banking and insurance industry, service enterprises, consultancies and software companies as well as public service.

By creating the Bachelor and Master Business Administration and Engineering programmes the Chemnitz UT takes into account the demands of particularly small and medium-sized businesses which request both a sound business-management knowledge from graduates employed in engineering departments and accordingly a technical knowledge from graduates working in economic departments. The assignment of highly specialized engineers in the production process and specialized consultants in the business management often does not appear to be efficient; it is rather necessary to have decision-makers who are able to assess the consequences of their decision in both economic and technical divisions adequately.

The Bachelor programme offers a sound scientific education in economics and business administration, engineering and in the interdisciplinary field of industrial engineering. This degree enables the initiation of a continuative scientific education and/or of a career aimed at high positions in businesses. Likewise, students are prepared for the direct career entry in lower and middle management positions by being trained in an interdisciplinary occupational field, choosing specific engineering and economic subjects as well as by improving language skills and social skills.

Taking into account the demand for competent experts on Europe, the Chemnitz UT has created the Bachelor’s programmes European Studies with orientations towards cultural studies, social sciences and economics. The focus is on problems of European integration and aims at socio-cultural, socio-scientific and economic specialisations. Not least due to the geographically favourable position of Chemnitz, all three study programmes focus on the region of Central and Eastern Europe.

Expertise on Europe is imparted in the field of politics, economics, law, public administration, history, social geography, literature studies and linguistics, as well as in intercultural communication. The emphasis lies on Central and Eastern Europe and on the process of the EU’s eastward enlargement, including the knowledge of a Central or Eastern European language. Given the increase in the demand for experts on (Eastern) Europe by private and public employers projected for the next few years, this cross-disciplinary education offers good prospects on the labour market to graduates.

In the Bachelor programme of Financial Mathematics students learn not only about the detailed functionality of financial instruments (such as options) but also about the rules of pricing on the basis of sound mathematical and economic fundamentals, with probabilistic theory and statistics having a central position. Likewise, students are taught the mathematical knowledge how to calculate insurance contributions and which mathematical methods to apply in investment banking.

This course of studies offers an excellent qualification for an interesting career in leading positions in the banking and insurance sector. Innovative product developments of insurance products, in the credit system and in investment strategies, as well as the risk-hedging of financial institutions provide for a continuing and increasing demand for professionals with these mathematical skills.

The Master programme of Management & Organisation Studies builds on a strategic management perspective and aims at developing knowledge in leadership, human resources management, organisational studies, organisational change as well as knowledge management and innovation strategies.

The contents are research-oriented and practice-oriented and the development of interpersonal and methodological skills is emphasized. Project-oriented and action-based learning is implemented in the first semester by means of a business game, and is furthermore encouraged by advanced training in the context of a consulting or research project. Moreover, students have the possibility to gain international experience during a stay abroad at a partner university in their third semester or by participating in the Summer School on Intercultural Management.

Master Students in Economics are educated in the knowledge of comprehensive modern economics and sound methodology. They are trained in theories and applications in the fields of public finance, market-competition policy, monetary economics, industrial economics and the theory of value, international trade and economic policy.

The variety of courses should enable graduate students to argue in an analytical and novel way to create concepts for real-world problems. The main subjects of labour, environmental and public economics reflect developments which are of increasing importance in modern economies and worldwide; in particular we focus on the optimal use of resources and environmental sustainability as well as on issues of unemployment for which traditional approaches of quantitative growth are insufficient or even in contrast.

Within the Master Finance programme, students exercise in the field of financial management which ought to be applied in companies operating locally, regionally, nationally and throughout Europe. Background to current developments in the banking, finance and insurance sectors and therefore the related university research and education is the loss of significance of national boundaries as well as the increase in knowledge in the field of mathematical algorithms and electronic information technologies.

In the course of transition the demand for professionals dealing with traditional interfaces such as mathematics and economics has increased (e.g. risk management). In addition, there is a demand to analyse these complex networks partially and/or completely and communicate the interference in the programme.

Finance graduates are expected to have interdisciplinary acquaintance in realms such as economics, financial mathematics, statistics and where applicable in financial information technology.

Diminishing trade barriers and technological progress lead to increasing competition. To continue venture strategies, it is indispensable to strengthen the own competitive position as well as optimizing the value chain.

Value Chain Management (VCM) analyses a product’s path from procurement to manufacturing to consumption and serves to identify and execute cost reduction and performance improvement possibilities. It aims at creating a competitive edge focusing on the development of all strategic venture activities. Through determination and exhaustion of synergies, value added can be generated.

The Master programme of Value Chain Management (VCM) satisfies these requirements and communicates profound know-how in the fields of marketing, production and accounting/corporate management. Furthermore, a conjunction between economic information processing and business administration is implied. Graduates of the programme are qualified in solving problems between corporations, within functionalities and across interfaces.

Becoming more and more important in custom business operations, companies are advised to engage in the customers’ trust and create a relationship of affinity. Realizing company objectives and differentiating from competitors, a professional Customer Relations Management is indispensable. Creating more than just a profit-oriented business, corporations should build upon a systematic and sustainable structure of relationship. Such individual management requires a set of marketing and information processing capabilities.

The application-oriented programme of Customer Relationship Management satisfies these requirements and occupies a leading position in university rankings. Graduates attain profound knowledge in the field of marketing and information processing and are qualified to solve specific and interface problems.

By the use of accounting, companies meet statutory requirements and communicate with the market, financial providers and share holders. At the same time internal accounting is an indispensable basis for monetary controlling of investment, finance and taxation.

The Master programme aims for a profound education of students in the fields of internal and external accounting, controlling, auditing and business taxation. Furthermore, graduates should be qualified in the application of specific and interdisciplinary methods as well as individual skills.

Diminishing trade barriers and increasing international cross-linkage have presented new opportunities to companies over the past years. Accompanied by a highly developed division of labour, this leads to a demand for explicitly specialized employees. Problem-solving at the edge of technology and economic consideration is becoming increasingly complex. On this interface an industrial engineer’s sphere of action is located.

Graduates are qualified in the fields of venture-specific problem-solving and estimating economic and commercial consequences.

While only a minor part is qualified for the occupation of judge or public administration, most law graduates are offered an occupation in the advocacy, taxation or economic consultation of corporations and other institutions. An interdisciplinary expertise is required in any corporate relation.

The Master programme of Management and Economics for Legal Professionals enables law graduates to meet supplementary economic requirements.

The Master of Science in Vocationomics programme deals with professional, vocational, management and economic education. It offers students an academic career at the university and two other essential options:

First of all, any teaching units in the field of economic education at private and public institutions can be considered. Together with an additional two-year internship it enables graduates to occupy a teaching unit at a vocational and/or trade school. Occupations in the education sector within companies, public offices, and institutions are provided.

Moreover, leading positions in personnel divisions of private enterprises, public administration, and public service can be taken. Management skills of graduates required in fields of interest are accomplished by the broad field of economic studies.