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Coburg University is a public university financed by Bavarian State Ministry of Education, Science and the Arts. As its English translation “University of Applied Sciences and Arts” suggests, a Hochschule is characterized by practice-related teaching and research as well as a strong practical bias. Its educational philosophy is designed to enable its students to apply their theoretical knowledge and methodological know-how to solving concrete problems in their professional careers. During their studies the students at Coburg University are systematically trained to develop those skills. To make sure that students never lose sight of the practical relevance of what they are learning, both full-time and part-time faculty are required to have gained ample experience in leading positions of business and administration.