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Fa­bian Nittmann

Study programmes: Business Studies (B.A.) / Finance & Accounting (M.A.) at University of Applied Sciences Erfurt

Employer: LIP Invest GmbH

Position: Fund Manager-/Controller

Contact: LinkedIn-profile (opens in a new window), XING-profile (opens in a new window)

What tips can you give young people who are looking for the right course of study?
First of all, find out what interests you, what you enjoy and what you can develop an enthusiasm for. Do certain subject areas possibly already stand out in school or training, which arouse a greater interest than other subjects? Am I more interested in numbers, dates and facts or do I prefer to do something creative? Are there any professions in my field that interest me and what courses of study might be necessary for this? Which company would I like to work for and what knowledge and studies do I need for this? Such questions in particular help to clarify an initial direction for yourself and an assessment of which course of study might be suitable. In addition, it can also be very helpful to talk to different people in order to get different information and insights into professions, fields of study and career paths. Although I knew very quickly that the field of economics was a definite course of study for me, also due to my focus in the Abitur, I was nevertheless initially undecided in which professional direction this should be expanded later on. Therefore, it was very helpful for me personally to first gain a broad knowledge of economic contexts and the various topics such as finance, marketing, logistics, etc. through the course of study, in order to then specialize further and further through the focus semesters later on. Therefore, my final tip: Be curious, find out what excites you, stay open to different topics and just try it out. Because even if the course of study doesn't quite suit you, you will at least have gained this knowledge and can then go in search of the course of study that suits you best.

Why did you decide to study at HNU?
For me, HNU stands out because it is a very practice-oriented university with a regional focus. Since I myself come from near Neu-Ulm, this was of course also a reason to study at HNU, so that I could continue to keep in touch with family and friends. In addition, HNU has the advantage that, especially in the business studies program, the professors themselves often worked for many years in companies in the business world, so that they can impart practical knowledge to the students. In addition, I was able to build up a diverse knowledge of all areas of business at HNU in the basic studies (1st-3rd semester) and deepen this in the main studies (from the 4th semester) through focus semesters according to my wishes and interests and adapt to my personal goals. Studying at HNU has not only strengthened my personal and professional development, but also on a human level, through many joint study and project projects with fellow students, and has laid the foundation for my future.

What did your internship semester look like and what tasks did you take on?
Due to my chosen major "Human Resources and Organization" in the 4th semester, I completed my internship semester at a former subsidiary of the Voith Group, DIW Instandhaltung GmbH in Stuttgart in the human resources department. At DIW, I got to know the entire spectrum of human resources, from hiring new employees, including conducting job interviews, to working out personnel development concepts with the respective managers, to preparing references when employees leave the company. This allowed me to put the knowledge I had acquired during my studies directly to the test in practice and to gain some new impressions. In addition to the daily tasks, I had two central projects to work on during this time. The first project was the planning, development and implementation of rhetoric workshops for the company's trainees. The second project involved the development and creation of a personnel handbook for the entire company. Even though I have concentrated on the areas of finance and controlling until today after my internship semester and I am also working in finance myself, I look back on this time with great pleasure and on the impressions and experiences I have had here.

What was your first job like and how did you find out about it?
I had my first job starting in December 2017 at PwC, one of the Big4 audit firms, in Munich as an associate in the audit department. After completing my bachelor's degree and then my master's degree in Finance & Accounting at the University of Applied Sciences in Erfurt, the question naturally arose as to which job I would like to start working in after my studies. At that time, I was particularly interested in the topics of business valuation, accounting and financial reporting. In the course of my job search, I became aware of PwC, as it covered the areas I preferred, especially in the field of auditing. Another thought was that a career start at one of the Big4 audit firms is always a good choice. I then applied to PwC in the traditional way via the company's careers homepage and, after an interview in Munich, received an acceptance letter a few days later. The tasks at the company were very diverse and varied. One of my most important tasks was to audit the annual and consolidated financial statements of companies. This gave me a variety of insights into different companies, their structures and working methods, as well as the accounting and financial ratios. For me personally, PwC was a great way to start my career. However, you shouldn't have a problem with the fact that there can be "somewhat" more stressful and work-intensive phases of the year during the "busy season" between October and March; this usually evens out again in the summer.

Please describe your daily work routine. What projects do you work on and what tasks do you particularly appreciate?
Last year I started my current job as a fund manager/controller at LIP Invest GmbH in Munich. LIP specializes in investing in logistics real estate and has already launched three logistics real estate funds for institutional clients. The aim here is to offer investors good returns and distributions in comparison to the rest of the sector through active real estate management. My typical day-to-day work consists mainly of liquidity management, fund calculations and performance and risk analyses. As a fund manager, I am primarily responsible for the question of when the fund needs how much liquidity in order to be able to buy new properties. In addition, it is my job to use income and expense calculations to manage and calculate the returns of the respective properties and of the entire fund, and thus to provide investors with distribution plans for their cash flow forecasts. What I really appreciate about my work is that, as a numbers person, I can tinker with and constantly optimize calculations, liquidity and distribution plans. I also learn a lot about actively managing and optimizing fund performance. Since I was more on the "other" side - as an auditor - in my previous job at PwC, this also opens up new experiences and learning opportunities for me on a daily basis. I can also contribute my ideas and suggestions and implement them independently.

How would you complete the following sentence beginning?
"was the optimal starting point for my professional as well as personal future and the first milestone in my career."