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Praktikum
A "Praktikum" is an internship or work placement that aims to give students the opportunity to gain experience outside academia by working in business and industry or in public authorities, administrations etc. Internships are a compulsory part of many degree programmes.
Universität
"Universität" means university and is used for research universities (wissenschaftliche Hochschulen) that offer a broad range of subjects (like arts and humanities, social sciences, natural sciences, economics and business administration, law, medicine). These institutions confer doctorates. The strong research focus benefits students in their training.
Please note, however, that English texts often use the term "university" generically, i.e. to cover all kinds of higher education institutions, for example, universities of the arts, universities of applied sciences, universities of education, etc.
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