It is equivalent to a Master of Business Administration (MBA) in English-speaking countries.
The title signifies that the individual has acquired a comprehensive understanding of various business disciplines, including:
* Accounting
* Finance
* Marketing
* Management
* Economics
The "Kfm" stands for "Kaufmann" (male) or "Kauffrau" (female), meaning "merchant" or "businessperson". The "Dipl" indicates that the individual has completed a university diploma program.
Therefore, someone with the title "Dipl. Kfm." is a qualified and experienced professional in the field of business administration.