Master in Business Administration (MBA)

This Master’s Degree Course aims at helping individuals develop the necessary skills and knowledge to become effective managers in businesses and organizations.

It aims at developing students' ability to evaluate and analyze external and internal data and strategic decision-making in any business environment.

Overview of the Programme

Classification according to UNESCO’s ISCED-2011

• Based on the level of Education: 7
• Based on the field of Education: 34 Business Administration

Classification according to UNESCO’s ISCED-2013

• Based on the field of Education: 0413 – Management and Administration

ECTS Credit Points

120 ECTS

Duration of Study

The minimum duration of the programme is two (2) years.

Language

The programme is offered in English.

The “Master in Business Administration” is structured in two (2) academic years, which include four (4) Modules and Dissertation for the award of the Master’s Degree, the successful completion of four Modules and the successful completion of the Dissertation is mandatory. The total number of credits (ECTS) required is 120 ECTS.

1st Year

• MBA50 Economics for Managers
• MBA60 Advanced Quantitative Methods for Managers
• MBA51 Financial Management & Accounting
• MBA61 Management of People & Organisations

2nd Year

• MBA51 Financial Management & Accounting
• MBA61 Management of People & Organisations
• Postgraduate Dissertation

Module selection Instructions

• During the first year of study students can select up to 3 modules as follows: Module MBA50 (if they wish to select one module), both modules MBA50 and MBA60 (if they wish to select two), or both modules MBA50 and MBA60 as well as one of MBA51, MBA61 (if they wish to select three).
• The dissertation may be written during the same year with course module MBA51 or MBA61.
• Thus, the program can be completed in two academic years.
• The dissertation can be defended only upon the completion of all four course modules of the program.
• In order to be awarded with a master’s degree, students must successfully complete four (4) course modules and write up and successfully defend a postgraduate dissertation.

On successful completion of the MBA course students will be able to:

• Understand the global economy and analyze the ever changing international economic environment that surrounds modern business.
• Employ a modern economic framework for analyzing a variety of problems that managers face in today’s business environment.
• Understand the operational environment of the European Union and analyze how various organizations operate within it.
• Understand the theory and techniques of financial accounting and evaluate the present financial position of firms.
• Understand the time value of money concept, capital budgeting and the cost of capital.
• Understand the main issues concerning the management of investments and modern portfolio theory.
• Use quantitative methods in business problems and analyze them with economic and business models.
• Employ analytic methods that managers use in a wide variety of decision situations.
• Understand the nature of complex organizations and the basic functions of management.
• Develop the necessary skills to manage people effectively within an organizational context and develop an understanding of organizational effectiveness.
• Analyze and manage the organizations’ markets in order to pursue a competitive advantage.
• Emphasize the strategic and coordinating role of a management executive.
• Make use and combine methodologies and tools for shaping, implementing and evaluating strategic plans.

Upon completion of this Course, students will:

• have developed a wide range of administrative abilities and operational techniques
• have increased their confidence in evaluating and analyzing complex business matters and decision making
• have developed cooperative problem-solving skills and will be able to enable students to communicate orally and in writing as managers with potential colleagues
• offer creative and strategic thinking
• have the ability to work under pressure to tight deadlines
• have the ability to undertake independent applied research and submit a research thesis
• have developed sensitivity to different cultures, the ability to work in international teams.