Münster School of Business Administration and Economics
Encyclopedia
The Münster School of Business and Economics is the business school
at the University of Münster
(WWU). it has 6,000 students. The University of Münster and in particular the Münster School of Business Administration and Economics is the leading university in Germany in terms of CEO alumni in Top 500 companies. The admission rate for the undergraduate degree in business is < 7 % (2808:188), making it one of the most competitive ones in Germany.
The school conducts interdisciplinary research with other schools of the University of Münster (for example: Law, Computer Science, Communication Science, Psychology, Medicine (Neuroeconomics
, Management
), Chemistry and Pharmacy), which have led to new courses and field of studies. It houses the European Research Center for Information Systems
, which is a leading research network.
, Boston Consulting Group
, Bain & Company
). Those companies pay for this access and they can easily recruit the Alumnus they want.
And the following MBA (Master of Business Administration
) programmes
Before the Bologna process
the University awarded the Diplom
(Univ.) (Diplom-Kaufmann, Diplom-Kauffrau, Diplom-Volkswirt, Diplom-Volkswirtin, Diplom-Wirtschaftsinformatiker) which is equivalent to a Master's degree
.
Business school
A business school is a university-level institution that confers degrees in Business Administration. It teaches topics such as accounting, administration, economics, entrepreneurship, finance, information systems, marketing, organizational behavior, public relations, strategy, human resource...
at the University of Münster
University of Münster
The University of Münster is a public university located in the city of Münster, North Rhine-Westphalia in Germany. The WWU is part of the Deutsche Forschungsgemeinschaft, a society of Germany's leading research universities...
(WWU). it has 6,000 students. The University of Münster and in particular the Münster School of Business Administration and Economics is the leading university in Germany in terms of CEO alumni in Top 500 companies. The admission rate for the undergraduate degree in business is < 7 % (2808:188), making it one of the most competitive ones in Germany.
History
In 1902 the Department of Law and Political Economics was founded. This department has its roots in the Faculty of Law which was founded in 1780. Today it is known as Department of Political Economics, which is now part of the Münster School of Business Administration and Economics. After that the Department of Business Administration and Management was established. In 1990 the Department of Information Systems was founded, because of the growing need for interdisciplinary research in Computer Science and Business Administration. In 2000 the Department of Economic Education was established due the growing need for economic education from students from other fields of study. In 2006 the School initiated the AACSB accreditation and mastered successfully the accreditation in 2011.The school conducts interdisciplinary research with other schools of the University of Münster (for example: Law, Computer Science, Communication Science, Psychology, Medicine (Neuroeconomics
Neuroeconomics
Neuroeconomics is an interdisciplinary field that seeks to explain human decision making, the ability to process multiple alternatives and to choose an optimal course of action. It studies how economic behavior can shape our understanding of the brain, and how neuroscientific discoveries can...
, Management
Management
Management in all business and organizational activities is the act of getting people together to accomplish desired goals and objectives using available resources efficiently and effectively...
), Chemistry and Pharmacy), which have led to new courses and field of studies. It houses the European Research Center for Information Systems
European Research Center for Information Systems
The European Research Center for Information Systems was founded in 2004 at the University of Münster in Münster, North Rhine-Westphalia, Germany. The objective of ERCIS is connecting research in Information systems with Business, Computer Science, Communication Sciences, Law, Management and...
, which is a leading research network.
Alumni
For a list of notable Alumni and Scientists see List of Westphalian Wilhelms-University Münster people. The school offers also (electronic) access to its alumni' CVs to prestigious companies (e.g. McKinsey, AccentureAccenture
Accenture plc is a global management consulting, technology services and outsourcing company headquartered in Dublin, Republic of Ireland. It is the largest consulting firm in the world and is a Fortune Global 500 company. As of September 2011, the company had more than 236,000 employees across...
, Boston Consulting Group
Boston Consulting Group
The Boston Consulting Group is a global management consulting firm with offices in 42 countries. It is recognized as one of the most prestigious management consulting firms in the world. It is one of only three companies to appear in the top 15 of Fortunes "Best Companies to Work For" report for...
, Bain & Company
Bain & Company
Bain & Company is a global management consulting firm headquartered in Boston, Massachusetts. Bain is considered one of the most prestigious consulting firms in the world, with 47 offices in 30 countries and over 5,500 professionals on staff globally...
). Those companies pay for this access and they can easily recruit the Alumnus they want.
Associated Research Centers
- European Research Center for Information SystemsEuropean Research Center for Information SystemsThe European Research Center for Information Systems was founded in 2004 at the University of Münster in Münster, North Rhine-Westphalia, Germany. The objective of ERCIS is connecting research in Information systems with Business, Computer Science, Communication Sciences, Law, Management and...
(ERCIS) - Marketing Center Münster (MCM)
- Accounting Center Münster (ACM)
- Finance Center Münster (FCM)
- Center for Management (CfM)
- Center for Hospital Management (CKM)
- Center for Applied Economic Research Münster (CAWM) (Centrum für angewandte Wirtschaftsforschung Münster)
- Muenster Institute for Computational Economics (MICE)
- Coordination Failure Diagnostics (CFD) Web Center
Grading
The Münster School of Business Administration and Economics is well-known for its hard grading. Most of the graduates get a GPA of C or D in their degree. 10 to 18 % receive a B and only 0.5-1% of the graduates get an A- to A. The best GPA (A or A + = 1,0) has never been achieved, yet. More than 50% fail the degree.Fields of study
The Münster School of Business Administration and Economics offers many (often postgraduate) courses in English and the following Bachelor, Master, Doctorate, Habilitation research programmes- Business Administration (Bachelor of ScienceBachelor of ScienceA Bachelor of Science is an undergraduate academic degree awarded for completed courses that generally last three to five years .-Australia:In Australia, the BSc is a 3 year degree, offered from 1st year on...
, Master of ScienceMaster of ScienceA Master of Science is a postgraduate academic master's degree awarded by universities in many countries. The degree is typically studied for in the sciences including the social sciences.-Brazil, Argentina and Uruguay:...
, DoctorateDoctorateA doctorate is an academic degree or professional degree that in most countries refers to a class of degrees which qualify the holder to teach in a specific field, A doctorate is an academic degree or professional degree that in most countries refers to a class of degrees which qualify the holder...
, HabilitationHabilitationHabilitation is the highest academic qualification a scholar can achieve by his or her own pursuit in several European and Asian countries. Earned after obtaining a research doctorate, such as a PhD, habilitation requires the candidate to write a professorial thesis based on independent...
) - In German: Betriebswirtschaftslehre. Note: There are several lectures taught in English (more lectures in English in the postgraduate degrees). - EconomicsEconomicsEconomics is the social science that analyzes the production, distribution, and consumption of goods and services. The term economics comes from the Ancient Greek from + , hence "rules of the house"...
(Bachelor of ScienceBachelor of ScienceA Bachelor of Science is an undergraduate academic degree awarded for completed courses that generally last three to five years .-Australia:In Australia, the BSc is a 3 year degree, offered from 1st year on...
, Master of ScienceMaster of ScienceA Master of Science is a postgraduate academic master's degree awarded by universities in many countries. The degree is typically studied for in the sciences including the social sciences.-Brazil, Argentina and Uruguay:...
, DoctorateDoctorateA doctorate is an academic degree or professional degree that in most countries refers to a class of degrees which qualify the holder to teach in a specific field, A doctorate is an academic degree or professional degree that in most countries refers to a class of degrees which qualify the holder...
, HabilitationHabilitationHabilitation is the highest academic qualification a scholar can achieve by his or her own pursuit in several European and Asian countries. Earned after obtaining a research doctorate, such as a PhD, habilitation requires the candidate to write a professorial thesis based on independent...
) - In German: Volkswirtschaftslehre. Note: There are several lectures taught in English (more lectures in English in the postgraduate degrees). - Information systemsInformation systemsInformation Systems is an academic/professional discipline bridging the business field and the well-defined computer science field that is evolving toward a new scientific area of study...
(Bachelor of ScienceBachelor of ScienceA Bachelor of Science is an undergraduate academic degree awarded for completed courses that generally last three to five years .-Australia:In Australia, the BSc is a 3 year degree, offered from 1st year on...
, Master of ScienceMaster of ScienceA Master of Science is a postgraduate academic master's degree awarded by universities in many countries. The degree is typically studied for in the sciences including the social sciences.-Brazil, Argentina and Uruguay:...
, DoctorateDoctorateA doctorate is an academic degree or professional degree that in most countries refers to a class of degrees which qualify the holder to teach in a specific field, A doctorate is an academic degree or professional degree that in most countries refers to a class of degrees which qualify the holder...
, HabilitationHabilitationHabilitation is the highest academic qualification a scholar can achieve by his or her own pursuit in several European and Asian countries. Earned after obtaining a research doctorate, such as a PhD, habilitation requires the candidate to write a professorial thesis based on independent...
) - In German: Wirtschaftsinformatik. Note: The Master of Science degree is completely taught in English. - EconomicsEconomicsEconomics is the social science that analyzes the production, distribution, and consumption of goods and services. The term economics comes from the Ancient Greek from + , hence "rules of the house"...
and LawLawLaw is a system of rules and guidelines which are enforced through social institutions to govern behavior, wherever possible. It shapes politics, economics and society in numerous ways and serves as a social mediator of relations between people. Contract law regulates everything from buying a bus...
(Bachelor of ScienceBachelor of ScienceA Bachelor of Science is an undergraduate academic degree awarded for completed courses that generally last three to five years .-Australia:In Australia, the BSc is a 3 year degree, offered from 1st year on...
) - PoliticalPolitical sciencePolitical Science is a social science discipline concerned with the study of the state, government and politics. Aristotle defined it as the study of the state. It deals extensively with the theory and practice of politics, and the analysis of political systems and political behavior...
- and EconomicEconomicsEconomics is the social science that analyzes the production, distribution, and consumption of goods and services. The term economics comes from the Ancient Greek from + , hence "rules of the house"...
Science (Bachelor of ArtsBachelor of ArtsA Bachelor of Arts , from the Latin artium baccalaureus, is a bachelor's degree awarded for an undergraduate course or program in either the liberal arts, the sciences, or both...
) - In German: Politik und Wirtschaft - ManagementManagementManagement in all business and organizational activities is the act of getting people together to accomplish desired goals and objectives using available resources efficiently and effectively...
in ChemistryChemistryChemistry is the science of matter, especially its chemical reactions, but also its composition, structure and properties. Chemistry is concerned with atoms and their interactions with other atoms, and particularly with the properties of chemical bonds....
(Master of ScienceMaster of ScienceA Master of Science is a postgraduate academic master's degree awarded by universities in many countries. The degree is typically studied for in the sciences including the social sciences.-Brazil, Argentina and Uruguay:...
, DoctorateDoctorateA doctorate is an academic degree or professional degree that in most countries refers to a class of degrees which qualify the holder to teach in a specific field, A doctorate is an academic degree or professional degree that in most countries refers to a class of degrees which qualify the holder...
, HabilitationHabilitationHabilitation is the highest academic qualification a scholar can achieve by his or her own pursuit in several European and Asian countries. Earned after obtaining a research doctorate, such as a PhD, habilitation requires the candidate to write a professorial thesis based on independent...
) - In German: Wirtschaftschemie. Note: There are several lectures taught in English. - ManagementManagementManagement in all business and organizational activities is the act of getting people together to accomplish desired goals and objectives using available resources efficiently and effectively...
in the Energy Industry (Master of ScienceMaster of ScienceA Master of Science is a postgraduate academic master's degree awarded by universities in many countries. The degree is typically studied for in the sciences including the social sciences.-Brazil, Argentina and Uruguay:...
) - In German: Energiewirtschaft. Double-Degree together with the RWTH AachenRWTH AachenRWTH Aachen University is a research university located in Aachen, North Rhine-Westphalia, Germany with roughly 33,000 students enrolled in 101 study programs....
and the Haus der Technik (HDT University).
And the following MBA (Master of Business Administration
Master of Business Administration
The Master of Business Administration is a :master's degree in business administration, which attracts people from a wide range of academic disciplines. The MBA designation originated in the United States, emerging from the late 19th century as the country industrialized and companies sought out...
) programmes
- Executive MBA in Accounting and Controlling
- Executive MBA in Information Management
- Executive MBA in International Health Care and Hospital Management
- Executive MBA in Marketing
- Executive MBA in Mergers and Acquisitions
Before the Bologna process
Bologna process
The purpose of the Bologna Process is the creation of the European Higher Education Area by making academic degree standards and quality assurance standards more comparable and compatible throughout Europe, in particular under the Lisbon Recognition Convention...
the University awarded the Diplom
Diplom
A Diplom is an academic degree in the German-speaking countries Germany, Austria, and Switzerland and a similarly named degree in some other European countries including Belarus, Bosnia and Herzegovina, Croatia, Estonia, Finland , Greece, Hungary, Russia, Serbia, Macedonia, Slovenia, and Ukraine...
(Univ.) (Diplom-Kaufmann, Diplom-Kauffrau, Diplom-Volkswirt, Diplom-Volkswirtin, Diplom-Wirtschaftsinformatiker) which is equivalent to a Master's degree
Master's degree
A master's is an academic degree granted to individuals who have undergone study demonstrating a mastery or high-order overview of a specific field of study or area of professional practice...
.