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Laura Krell – Global Financial Management – Newcastle Business School

Case study, Finance & Accounting, Further Study May 21, 2009

Laura Krell - Global Financial Management - Newcastle Business School

Age: 22
Degrees and Universities: BA in Cruise Industry Management at the University of Applied Sciences in Bremerhaven, Germany. Cruise Industry Management is a management degree focused on Tourism and especially cruise tourism.
MSc in Global Financial Management at Newcastle Business School, Northumbria University, UK.

Why did you decide to continue your studies? As I have high career aspirations for my future life a postgraduate degree is a must-have for me. Furthermore, I like to study and I like the life of being a student. But most of all I wanted to spend time abroad and as UK academic institutions are highly esteemed in Germany I decided to combine studying and being abroad with postgraduate study.

How did you fund your postgraduate study? To be completely honest, I have very generous parents. But I’ve worked since school and always saved some money, so I could pay for myself instead of accepting the offer of my parents.

How is it different from undergraduate study? I’ve experienced undergraduate and postgraduate study in two different countries with different university systems and there are quite a lot of differences. My professors in Germany studied in England themselves so they introduced a lot of formal correctness of referencing, structured approaches with methodology, critical evaluation and discussion. However, studying in England is still much more directed to independent study. I have far less contact hours in my postgraduate study, only a few modules and along with lectures there is only an accompanying seminar for each. The international atmosphere is much more diverse than back home in my undergraduate study.

How do you think your postgrad study will help your career? I am convinced that a successfully completed English MSc will impress recruitment managers in Germany. To an extent I think it highlights my ambition, in respect to studying in a country with excellent reputations. Also my flexibility to go abroad, to speak the most essential business language (English) fluently, and to be able to deal with different cultures.

What are your career aspirations? I want to combine my two interests of finance and ships either in tourism or in the cargo industry. I imagine joining an international company and to work in the financial department in the area of mergers and acquisitions, strategic investments, or similar. Of course, I want to climb the career ladder step by step, maybe sometimes abroad, and have a position with high responsibility and leading competence. It should be challenging but structured as I am typically German in respect to organization preferences.

Do you have any advice for students considering postgrad study? I think it is important to enjoy that last year of study before the nice life of being a student ends. Postgraduate study is not so much different from undergraduate study, groups are maybe smaller, but there are still motivated and lazy students, there are still assignments to write, and presentations to do. University is university, if you ask me. Take the year of postgraduate study to form your ideas of the future, do all the things that you will not be able to do with 28 days of holiday per year and work on all the skills you will need in the real world. Don’t focus on study-related knowledge only; train your emotional intelligence, your soft skills and your cultural competence.

Tell me one interesting fact about yourself: Coming from a tourism undergraduate degree, my part-time job has been a Shore Excursion Guide on board German cruise ships. In the semester breaks I have been to the Caribbean guiding old German tourists to the most beautiful islands; in Norway to see the most impressive nature; in the Black Sea to explore Eastern Europe and you know what? I get paid for seeing the world in my red and white uniform…


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