As a graduate of International Business Economics it is important that you are able to provide financial figures including forecasts, profit and loss accounts, and budgets. You will be broadly educated regarding the economic background of companies through a range of subjects such as business administration, business information systems, accounting, controlling and taxes. Besides being able to draw up financial figures you need to be able to communicate financial information to other departments or companies (for example potential customers). In the Mini Company project in the second year you will learn more about cooperation with other departments.
In the programme you will learn how to answer the following questions:
How do I manage an enterprise?
Where can I make high profits?
How can I keep the costs in control?
How do I behave in an international context?
Which influence does the international tax law and the worldwide finance- and commerce market have?
Aimed at your future career
International Business Economics contains all professional skills and experience areas, which are of a great business value in the international economical process. You will learn the theory, but also how to apply it. Simultaneously, you’ll learn how to improve your skills continuously. The assignments contain, for example, drawing up a balance sheet and economical tests in a national and international context, enterprise estimation, strategic planning or the managing of a department with an economical and ethnical responsibility.
To be able to learn and experience these competences as realistic and as practical as possible, every semester will cover a specific feature of your later profession. You will learn one or more typical professional tasks per semester, which you will be able to apply in your future job.
During the first year you will function as an assistant controller and a responsible advisor. During the main phase of the study course these positions will belong to the operational domain and will include positions such as costs and accounting manager and tax and due diligence manager. After this phase you will learn how to become a consultant or analyst who is responsible for risk management, internal communication and management.
The corner stones of the courses in Venlo are internationalisation, sustainability and corporate responsibility in globalisation. To offer all-round bachelor degrees we also include communication, social and intercultural competences, information technology and professional orientation in all our courses.
Programme in brief
During International Business Economics you will learn how to deal with all kinds of money-related questions within companies. How can we raise our profits? How can we finance the new machinery we intent to buy? How do I keep track of all the money flows which enter and exit the company both on national and international level? Do the different departments in the company work according to their budgets? Companies are constantly looking for professionals who can help them answer questions like these. As an International Business Economics student you will learn how to answer these questions.
What can you expect from us
During your study at Fontys you can expect us to educate you about different economic topics such as accounting, international financial markets, stock exchange, management skills. Simultaneously you will learn how to put this theory into practice by means of diverse projects. However, we will not only teach you skills needed for jobs merely focused on for example accounting, consulting, financing or controlling. We will also teach you how you as the specialist can easily work together with other departments within the company. You will, amongst others, acquire these skills through management classes, the Mini Company project and through the two internships you’ll do.
What do we expect from you
You love working with numbers, and you have a talent for it. You are an analytical thinker, and you like to approach your problems systematically, or put differently, step by step. Moreover, you need to have a good command of the English language. We ask you to be open for other cultures, since we prepare you how to work in an international environment.
In the second year of your studies you start your own company in the 'mini company project'. During ten months you face the challenges of having your own company. You will found the company with about ten students from various economics study programmes.
You will write a business plan and sell shares to finance your entrepeneural activities. With the investments raised you will develop your own product and organise the production process. Of course the product has to be sold, so you write marketing plans to boost sales. The shareholders receive your annual report and you file a tax report. These are just a few of the examples of the activities in a mini company.
In the third and the fourth study year you will do an internship. You can choose the company yourself, but we also provide a list of companies we work with. Internships can be done in the Netherlands or abroad. The choice is up to you.
In both internships you will solve a problem within the company. You experience what it’s like to work at a bachelor-level position. In the meantime you build your professional network. Not rarely an internship leads to a job. During both internships you will be supported by a lecturer. You will finish your study at Fontys with a bachelor thesis based on your experiences during the last internship.
There are numerous internship companies where our International Business Economics students have worked: PriceWaterhouseCoopers, Philips, Delloite, Ernst and Young, KPMG and many others. These are some of the more well-known ones. Many students have conducted their internships at small and medium-sized companies.
After your studies
There is a high demand for International Business Economics graduates. Employers are increasingly asking for well-educated and skilled, finance employees, which have not only gained theoretical knowledge but also practical experience in companies. The companies in which our graduates are employed highly appreciate the practical orientation, the international focus and the skill to work independently and in teams.
There are several jobs you can fulfil after graduating from your IBE study programme. Our IBE graduates are now working in several positions, such as:
They are working in a wide set of companies, varying from multinational corporations to medium-sized companies. We are particularly proud that a large number of our IBE graduates are employed by the companies at which they did their work placement or graduation project.