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Key Account Management Studies

Get off to a successful start in the field of key account management: the Key Account Manager study program offers a tailor-made apprenticeship for budding strategists in sales. As the link between companies and key customers, key account managers play a decisive role in a company's success. Become an architect of long-term partnerships and learn how to implement business goals effectively. Immerse yourself in a world full of challenges and opportunities - become an expert in building and maintaining long-term business relationships.

Tasks of the Key Account Manager

A key account manager (KAM) is an experienced sales professional who is responsible for maintaining and developing key customers (key accounts) in a company. These key customers are usually particularly important as they make a significant contribution to the company's turnover and success. The Key Account Manager is responsible for long-term strategic planning, customer care, negotiations and problem solving. Key Account Manager tasks include analyzing customer needs, developing customized service and product solutions, negotiating contracts, ensuring customer satisfaction, identifying growth opportunities, and coordinating internal resources to meet customer expectations. The Key Account Manager acts as the main point of contact for key customers and works closely with various departments within the company to ensure a long-term and successful business relationship. The aim is to build a strong and sustainable business relationship with key customers in order to increase customer satisfaction and drive business growth.

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Key Account Manager Requirements & Characteristics

Before deciding to study Key Account Manager, it is important to know the requirements and characteristics that are important for a successful course of study and a later career. In the following, the essential aspects are highlighted to give prospective students an overview of what they should bring to a Key Account Manager study program.

Requirements

  • High school diploma or entrance qualification for universities of applied sciences: As a rule, a university entrance qualification is required for study in Key Account Management, either in the form of a high school diploma or entrance qualification for universities of applied sciences.
  • Interest in business administration: A basic understanding of business administration is an advantage, as many degree courses in key account management are based on business administration principles.
  • Practical experience in sales: Some degree programs prefer applicants with practical experience in sales or related areas in order to promote the applicability of the knowledge acquired.
  • Communication skills: Since key account managers are heavily involved in customer interactions and negotiations, strong communication and presentation skills are important.
  • Analytical thinking: The ability to analyze data and make strategic decisions based on market information is critical.

Characteristics

  • Relationship skills: Key Account Managers should have the ability to build and maintain effective relationships with customers in order to foster long-term partnerships.
  • Independence: Self-motivation and the ability to work independently are important, as key account managers are often confronted with complex tasks and customer inquiries.
  • Negotiation skills: Successful negotiation is a key aspect of key account management. The ability to create win-win situations is crucial.
  • Organizational skills: Juggling multiple clients and projects simultaneously requires strong organizational skills to prioritize and work efficiently.
  • Flexibility and adaptability: The market and customer needs can change quickly. Key Account Managers need to be flexible and able to adapt to new challenges.

Key Account Management Studies at the Munich Business School

Study Duration

6 Semesters + Bachelor Thesis

Degree

Bachelor of Arts, 210 ECTS

Start of Studies

Annually in February and September

Study Title

Bachelor International Business

Study Language

German/English

Tuition Fees

1.070 EUR per Month

Highlights

Bilingual or completely English studies & international focus

Focal Points

6 Focus areas including International Marketing and Sales (Customer Relationship Management)

What you will learn in your Key Account Management Studies

A study program in Key Account Management provides a wide range of skills and knowledge necessary to be successful in the management and development of key accounts. The exact content may vary depending on the university and degree program, but these are some typical topics that may be covered in a key account management study program. By combining these subject areas, alumni of a Key Account Manager study program should be well equipped to take on challenging tasks in sales and successfully maintain long-term business relationships.

Topic Explanation
Fundamentals of Business Administration Teaching basic business principles and concepts.
Sales management Analysis of sales strategies, sales channels and sales processes.
Marketing management Understanding marketing strategies, market research and brand communication.
Customer Relationship Management (CRM) Using CRM systems to effectively manage customer relationships.
Negotiation techniques Development of negotiation skills and strategies.
Project management Planning and implementation of projects related to key account management.
Market analysis and research Researching market conditions, competition and trends to support strategic decisions.
Communication skills Developing effective communication and presentation skills for customer contact.
Legal aspects in sales Knowledge of legal framework conditions and contract negotiations in the sales context.
International business relationships Deepening the understanding of international business relationships and cultural differences in sales.
Digitalization in sales Integration of digital sales strategies and technologies.
Practical projects and case studies Application of acquired knowledge in real business situations through practical projects and case studies.

Studying Key Account Management or Business Studies with a focus on it?

A study of Business Studies with a focus on key account management offers a comprehensive and versatile apprenticeship that goes far beyond the specific aspects of key account management.

While a Key Account Management degree focuses on the specialized skills needed to manage key accounts, a Business Studies degree with this focus provides a broader perspective and a solid foundation in all areas of business administration.

By studying Business Studies, students are exposed to the fundamental principles of business management, finance, organization, marketing and human resources. This broad knowledge is invaluable as it increases flexibility and enables alumni to operate successfully in other areas of business management.

The focus on key account management within a Business Studies degree program allows students to simultaneously focus on the specific challenges of key account management. This combination of broad business understanding and specialized expertise in key account management makes alumni attractive to companies looking for experts who are not only well-versed in their field, but also have an overall understanding of business contexts.

In addition, a Business Studies degree with a focus on Key Account Management opens doors to a wide range of career opportunities in the field of general management and corporate management. The knowledge and skills acquired enable alumni to react flexibly to changes in the business world and advance their careers in various industries and positions. Overall, the Business Studies program with a focus on Key Account Management provides a comprehensive apprenticeship that significantly increases the chances of a successful and versatile career.

Studying Business Administration at MBS

Munich Business School not only offers you a degree in business administration, but also focuses on international business, so that after graduation you can pursue your chosen career anywhere in the world. At MBS, you can expect small study groups, dedicated teachers, and award-winning programs. But more importantly, your name matters to us. Here, you are not an anonymous member, but the driving force that motivates us every morning. As a small, private university, we take the time to address your concerns and offer you a tailor-made study experience. Our lecturers have extensive practical experience and teach you skills that really count. Studying at MBS offers many highlights such as business projects, internships, semesters abroad, plenty of networking opportunities, and much more. In addition to sound business knowledge, we also promote values and skills that will give you an understanding of sustainability and social responsibility as a future professional and prepare you optimally for a wide range of careers.

Benefits of the Munich Business School

Learn from Experts

Professors with business experience and specialists as guest lecturers

Individual Support

Small class sizes & support through, for example, numerous networking opportunities, mentoring programs, etc.

Double Education

Education in Business and Management

Become a Generalist and Specialist at the same time

Broad business studies program & specialized knowledge through specializations and focus options

International Prospects for the Future

Recognized degree abroad, support from the Career Center, studies in English, and much more!

The MBS Bachelor with focus on Key Account Management

The International Business Bachelor program at MBS is not only more than just learning specialist knowledge, but also a forward-looking program. If you want to look at international business in a holistic context, then you've come to the right place. Our lecturers will support you during your Bachelor of Arts in International Business to become a responsible business person who not only has professional competence, but also essential soft skills, a broad cultural understanding and a strong personality.

We firmly believe that success will only come to those who see international business and management in a holistic context, taking into account social developments, political, historical and global contexts.

You can study this program either entirely in English in the English Track (100% English) or bilingually in the Bilingual Track (70% German/30% English) to prepare you for global challenges.

Our Bachelor in International Business is characterized by its compact structure. It comprises six to seven semesters and concludes with a Bachelor's thesis. During your studies, you will complete at least three internships both in Germany and abroad and spend one or two semesters abroad to put your theoretical knowledge into practice and do your international networking.

International Focus

The studies at MBS focus on the international market. A large part of the course content is taught in English and MBS students come from all over the world.

Semester Abroad

Internationality is also expressed through the semester abroad. Students spend the last semester at one of our more than 60 partner universities around the world.

Business Project

Students work on a business project for a real company. In doing so, they apply the theoretical knowledge gained during their studies in practical applications.

The Focus: International Marketing and Sales (Customer Relationship Management)

The orientation of a company towards the market and the marketing and distribution of products and services are fundamental elements for every company. Only if the wishes and needs of the customers are at the center of the company can it be successful on a national and international level in the long term. Therefore, students in this specialization acquire comprehensive knowledge of how methods and instruments of marketing and sales are applied in the course of advancing digitalization. The specialization covers strategic aspects such as market and competition analysis and brand management as well as the implementation of an optimal marketing mix, including market research and sales management.

What career paths does this specialization open up?

Graduates have a wide range of career opportunities in the global corporate landscape, as well as in public and private institutions and associations:

  1. Taking on management positions in marketing at international companies.
  2. Performing responsible tasks in product or key account management and as a category manager.
  3. Taking on management tasks in marketing controlling or market research.
  4. Working as a marketing consultant in a business consultant.
  5. Holding responsible positions in marketing and advertising agencies.

If you have any further questions or need more information, you are welcome to contact our Student Advisory Service.

Admission Requirements

Academic and Vocational Education

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English Proficiency Bilingual Track (70% German/30% English)

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English Proficiency English Track (100% English)

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Transfer to MBS

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Application Process

Written Application

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Application Rounds and Personal Interview

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Study Contract

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Student Visa

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Scholarships

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MBS Experience Report

E. on StudyCHECK Balanced ★★★★★
"Subjects with hard skills and soft skills are appropriately balanced, there are important courses such as finance but equally important courses such as agile management or resilience management. Depending on your focus, you can dive deep into different areas. The mandatory 30-week internship provides a good balance to the theory."
StudyCHECK
Glas voller Münzen mit wachsender Pflanze – Symbolbild für nachhaltige Finanzen und langfristigen Vermögensaufbau.

Key Account Manager Salary

The salary of a key account manager varies greatly and depends on various factors, including the industry, company size, region, individual experience and management responsibilities. However, here are some rough guidelines for Germany, based on general average data (as of January 2022):

  • Starting salary (Junior Key Account Manager): Between 40,000 and 55,000 euros gross per annum.
  • Intermediate salary (Key Account Manager with experience): Between 55,000 and 80,000 euros gross per annum.
  • Senior level salary (Senior Key Account Manager or Key Account Director): Over 80,000 euros gross annually up to six figures.

However, these figures are averages and can vary considerably depending on the factors mentioned. Salaries may tend to be higher in industries with higher sales or specialized areas. It is also important to note that many companies offer variable compensation components, such as bonuses or commissions, which can have a significant impact on overall salary.

Our bachelor's program in numbers

6 Individual areas of specialization
30 Week-long internships in companies
70+ Internationale Partnerhochschulen
1 - 2 semester abroad
15 Elective courses
6 International Focus & Foreign Languages
47% International bachelor's students
2 Large-scale projects (non-profit and start-up projects)
5 Digital literacy courses
8 Soft skills courses

3 job examples in the field of key account management

The world of key account management offers a wide range of fascinating career opportunities, three of which are now presented in more detail.

Key Account Manager

As a Key Account Manager, your focus will be on supporting and developing key accounts. This includes analyzing customer needs, preparing quotations, communicating with customers, negotiating contracts, and coordinating internal resources to ensure that customer requirements are met.

Business Development Manager

The role is responsible for identifying new business opportunities. This often involves analyzing market trends, evaluating potential partnerships, developing sales strategies, and nurturing relationships with key customers to drive business growth.

Sales Director

The sales director is the strategic head of sales and ensures that the company achieves its sales targets. The role is not only responsible for increasing sales, but also for how the company positions itself in the market and how well it meets the needs of its customers.

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Frequently asked questions (FAQ) about the Key Account Manager degree program

What is Key Account Manager called in German?

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What are the tasks of a Key Account Manager?

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How do you become a Key Account Manager?

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How do you become a Key Account Manager without studying?

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What comes after Key Account Manager?

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Popular Degree Programs at Munich Business School

Our study programs provide you with sound business management expertise, practical skills, and international perspectives—for a successful career in a globally networked economy.

Bachelor International Business
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