The article explores the situation in the field of knowledge and perception of usefulness of foreign language knowledge among business and economics graduates and students. The results show that among the observed population English is the most popular, since the average respondent is between B2 and C1 level of knowledge. It is followed by Croatian language with slightly above the A2 level of knowledge on average. In third place is German with an average knowledge below the A2 level. On average, postgraduate students rated themselves better in most languages than undergraduate students, while full-time employees rated themselves better than student workers and non-employed. In assessing the usefulness of foreign language knowledge, English is in the first place, German second and Croatian in the third. In addition to these, only Spanish, French, and Serbian are, on average, perceived as mostly useful languages.
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