Germany is the fourth largest economy in the world and the first in Europe and Frankfurt, a city in Germany, is the home of the European Central Bank and is one of the largest financial centers in the world. According to Germany Trade and Invest (GTAI), Frankfurt is home to 202 banks; 40 domestic banks, 162 international banks and 33 representative offices, 7,900 financial services companies and investment funds as well as large branches of all of the world’s best-known consulting agencies, law firms and auditing companies.
It is against this background that the city, specifically Frankfurt School of Finance and Management, played host to the 2023 International module for students undertaking Bachelor of Financial Services (BFS) and Bachelors of Commerce (BCom). The week-long module is themed Creating a Sustainable Economy.
On the first day of the module, the students, drawn from Kenya, USA, India, Uganda, Rwanda, Tanzania, Ivory Coast, Burundi, and DRC, investigated Business Communication: the key to leadership and Portfolio Trading and Investments. Some of the key aspects in Business Communication revolved around the importance of Business Communications in Leadership, active listening skills and the power of well-written business communication.
The second day, the sessions focused on business models innovation and specifically how organizations can push boundaries with the afternoon session focused on the digital transformation of banking in Germany and, precisely, fintech and digitalization trends.
On day three and four, industry visits to Schloss Vollrads and Leica Cameras AG respectively which aimed to give them and bridge the gap between academic knowledge and real-world application, enhancing the educational experience.
The last day of the module focused on Global Supply Chain Management which the discussions revolved around the Porter value chain model, the concept of push and pull in supply chain management, elements of inventory, inventory classification and inventory management with uncertainty.
This module offered the students extensive exposure to a diverse range of topics and real-world experiences in a financial epicenter like Frankfurt serves as an invaluable platform for students to deepen their understanding of global financial dynamics and solidify their skill sets for their future careers in the financial industry.
Article by Juliet Hinga
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