University of Applied Sciences of the German Federal Bank

[EduCativ]

The Deutsche Bundesbank offers a challenging dual study program to high-achieving school-leavers with A-levels' equivalent (Fachabitur/Abitur). If you are interested in economics, you can take your first steps toward a German central Bank professional career through our degree program in central banking. Once you have completed your Bachelor of Science (B.Sc.) degree, you can expect to take on a range of demanding tasks at the Deutsche Bundesbank.
Students will find an unusual campus with excellent study conditions at the Bundesbank's University of Applied Sciences. Their studies and life center around a baroque castle located in the middle of the historical little town of Hachenburg. Lecture rooms, the library, and the canteen are within walking distance, like the fitness studio or cinema. Moreover, the Bundesbank and BaFin fully support their students throughout the course, including practical modules.
The fact that the students work and live together in the castle means that they quickly form friendships and networks, which have lasted for decades.
Accommodation and meals are provided for all students during the university's theoretical studies, including at weekends. During the lecture-free period, the university's only time that does not offer any services is between Christmas and New Year. However, the rooms can still be used during this period.
Students are accommodated in double rooms during the foundation course and single rooms during the advanced course as a general rule. Depending on how full the university is, some of the higher-year students might also be accommodated in modern single rooms in a student residence within walking distance. All rooms, whether located in the castle or the student residence, have modern furniture, desks, shelves, and a bathroom. In addition to a TV connection and free internet connection, bedding and towels are provided, and the latter changed when the rooms are cleaned each week. Moreover, washing machines and dryers and irons and ironing boards can be used free of charge.
The university's kitchen provides full board, with the cook ensuring that fresh salads are always on offer and that there is a vegetarian option. The students always help themselves to food at the buffet.
The costs of accommodation and meals are based on the legal provisions for civil servant pay. As studying civil servants, the students receive trainee civil servant pay (around €1,100). The costs of accommodation and meals during the theoretical studies are deducted from this figure each month. Full board and lodging costs €425.55 per month for a single room and €336.35 for a double room (figures for 2016). If students have their flat, the relevant regulations on entitlement to reimbursement of travel costs and family separation allowance apply. Students are given comprehensive information about this before commencing their studies during the "get acquainted days".
Furthermore, suppose parents, brothers or sisters, husbands, wives, or partners want to visit and see for themselves what life at the castle is like. In that case, they can reserve a moderately priced room at the weekend (bed and breakfast), subject to availability.
The university's governing bodies comprise the rectorate and the Senate. Other committees include the Council for practical studies and the students' union.
In the Senate, representatives of full-time lecturers, the studies section, and students decide on important issues relating to teaching and studies, e.g., the university's constitution. In contrast, the Council members for practical studies advise the university in all matters related to the study program's practical side.
To fulfill their personal and social needs and promote cultural and sporting interests, students can form a students' union during their theoretical studies.
In addition to the very well-equipped library at the Central Office in Frankfurt am Main and the specialist libraries at the regional offices, the Deutsche Bundesbank has its university library in Hachenburg. Students can request textbooks, journals, and loose-leaf publications from any of the Deutsche Bundesbank's specialist libraries at any stage during their theoretical and practical studies, in particular when writing their Bachelor's thesis. Books or publications are delivered free of charge by internal post, generally on the next working day.
Our university library currently has more than 13,000 textbooks, 100 academic journals, and over 50 loose-leaf publications.
Students can view the library's collection, which is indexed with the help of keywords, at any time and place (also during the periods of practical study) on-site or via the university's pages on the Bank's intranet.
Books may be borrowed free of charge during the library's opening times between 8.00 and 16.30 (Tue-Wed 18.30). Outside these hours and at the weekends, students may enter the library together with a security staff member and borrow books, thus ensuring a 24-hour lending service.
Besides, the Bank's intranet offers many more online possibilities, such as numerous online databases (WISO-Net, EconLit judge.), various journals (electronic journals), a press article database updated daily with around 140,000 press articles, speeches, interviews, and press releases, and many more databases.
Furthermore, our students make use of the long-standing cooperation with the town library in Hachenburg. This enables them to receive books via inter-library loans within Germany if a publication is not available in the Deutsche Bundesbank libraries.

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