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Financial Assistant Ausbildung in Germany: Everything you need to know

Financial Assistant Ausbildung in Germany: Everything you need to know

A Financial Assistant Ausbildung in Germany is a vocational training program that aims to cultivate expertise and understanding in finance. Participants undergo extensive training in diverse financial domains, including accounting, financial planning, controlling, and financial analysis. Throughout the program, individuals actively engage in practical experiences, working within finance departments of organizations, to handle financial transactions, generate financial reports, analyze data, and contribute to budgeting and financial decision-making processes.

Understanding Financial Assistant Ausbildung in Germany

   1) What does it mean to be a financial assistant?

A financial assistant delivers personalized advice on financial products, actively seeks suitable solutions, and guides clients on options. They calculate financing alternatives and oversee diverse transactions, covering investments, retirement planning, insurance, credit, and more. Moreover, a financial assistant assumes responsibility for fulfilling administrative and commercial tasks, such as generating invoices, compiling comprehensive lists and statistics, and strategizing and executing marketing initiatives.

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   2) What are the Requirements to pursue this program.

  • obtain a high school diploma
  • it is essential to excel in mathematics, German language, and business-related subjects.
  • Strong proficiency in these areas is necessary for developing commercial thinking, negotiation skills, effective communication, and maintaining confidentiality.
  • A keen interest in finance and taxation is also important to succeed in this field.

   3) What type of job a financial Assistant do?

Financial assistants are commonly employed within the finance and insurance sectors, including banks, credit institutions, and insurance companies. They predominantly work in office settings or designated meeting rooms. However, they also have the flexibility to conduct meetings at various locations, such as clients’ homes, business establishments, or model houses, particularly when dealing with specific matters like construction financing.

Duration

The financial apprenticeship training in Germany lasts for three years. During this time, apprentices learn about money management and business finances.

Modules Studied

During a Financial Assistant Ausbildung (apprenticeship) in Germany spanning three years, individuals typically cover a range of modules and gain practical experience in various aspects of financial management and administration. Here’s an overview of common modules studied throughout the three-year program:

1st Year Apprenticeship

2nd Year Apprenticeship

3rd Year Apprenticeship

  • Introduction to Financial Accounting
  • Basics of Business Mathematics
  • Overview of Business Administration
  • Training in Data Processing Tools
  • Understanding Legal Frameworks
  • Advanced Cost Accounting Methods
  • Financial Planning and Forecasting
  • Introduction to Taxation Principles
  • In-depth Study of Financial Reporting Standards
  • Principles of Risk Management in Finance
  • Specialized Electives (e.g., Investment Management)
  • Internship or Work Placement
  • Project Work and Case Studies
  • Exam Preparation for Certification
  • Professional Development Activities

Average Salary

Here are the average salary ranges for each year of a Financial Assistant Ausbildung in Germany:

  • Year 1: €850-€950
  • Year 2: €900-€1000
  • Year 3: €950-€1100

These figures represent the typical gross monthly salaries that apprentices in the Financial Assistant Ausbildung can expect to earn during each year of their training. Actual salaries may vary depending on factors such as location, employer, and individual qualifications.

Companies who offers this training

There are various companies that provides training in Financial Assistants and other related fields. Some of the popular companies are:

  • Volksbanken Raiffeisenbanken
  • Sparkasse Freiburg Noerdlicher Breisgau A-d-oe-r
  • Kreissparkasse-waiblingen
  • Raiffeisenbank Suedhardt-eg
  • BW bank
  • Volksbank lahr

You can search for the courses, some of the most common websites being used are indeed.de, ausbildung.de Arbeitsagentur (Job Center),  Lehrstellenradar, Bundesagentur für Arbeit’s Ausbildung portal, etc. You can also visit the company website or page.

Conclusion

Financial Assistant Ausbildung in Germany provides practical training in accounting, planning, and analysis to develop finance expertise. Participants offer personalized advice, handle transactions, and work in offices or client locations. Requirements: high school diploma, proficiency in math, German, and business subjects, with a keen interest in finance.

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