MASTER
of BUSINESS ADMINISTRATION
Master of Business Administration Accredited in:
Program description The Master in Business Administration (MBA) program is the flagship of the UACS graduate programs. It is designed to meet the needs of professionals and managers and to serve as a powerful boost in the career paths of the graduates. The program enhances participants' skills necessary to do business successfully in the 21 Century, overcoming the challenges of modern business such as globalization and permanent change. UACS MBA program is delivered through the Participant Centered Learning mode developed and mastered by the Harvard Business School. In entails discussion, case study analysis, role plays, individual and team projects and interactive teaching. This is in line with our philosophy that we should not teach merely facts – those will probably change until the student graduates, but develop and expand the skills which matter when managing the business. The latter includes: problem-solving, decision-making, critical thinking, analytical skills, ability to cope with the challenges of globalization, etc. In addition, we enable the students to develop and practice the holistic approach of managing organizations, both the for-profit or non-for-profit ones. MBA courses are conducted by foreign and domestic lecturers and experienced practitioners.
02 | MBA STUDIES AT UACS
Degree Upon fulfilling the specific requirements, the program offers two possibilities for a degree: - Master of Business Administration, as a general program, - Master of Business Administration with concentration in Management/Marketing/Finance and Banking/Human Resources Management. NOTE: Students that have previously earned 180 ECTS on undergraduate level have to enroll to the two years MBA program (see below) and will earn a degree “MBA with concentration in…”. This will ensure that they have sufficient ECTS as required by the national Higher Education Act.
Prerequisits Only applicants with at least two years professional experience can enter the MBA program. Candidates are also required to submit a motivation letter along with the application. English proficiency is a mandatory requirement.
Career options The MBA program is a career accelerator across a number of industries. The job prospects include broad range of positions in private, governmental and non-governmental sectors some of which are finance and banking, production, marketing, manufacturing and services. MBA graduates are also welcomed in the Non-Governmental Organizations, and recently, very often they have been recruited in the higher echelons public administration. Moreover, MBA graduates are equipped with the necessary skills for starting an entrepreneurial venture. Earning an MBA can lead to a higher salary, a position in management, and marketability in an ever-evolving job market. The degree “MBA with concentration in…” is highly appreciated when one aspires to earn a position in a top or middle management team. Positions such as: Chief Finance Officer, Chief Marketing Officer, HRM, or at the middle level Treasury Manager, Financial Planning Manager, Product Strategist and thus like, usually list as advantage if candidates do have MBA degree.
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Learning outcomes Knowledge and Understanding To develop a strategic level understanding of the key functions of business—accounting, economics, finance, international business, management, management information systems, marketing and operations. Practical Application of the Acquired Knowledge and Understanding To be able to apply the knowledge and understanding gained throughout the program for managing and leading modern organizations, for making decisions and solving problems, while overcoming the challenges of modern business environment. Intellectual/Cognitive Skills To develop the abilities of intellectual inquiry and communication in order to learn effectively, express ideas and concepts clearly, and apply knowledge to newly encountered situations. Be able to understand and critically evaluate scientific articles and official company reports in all areas of business operation. Communication Skills To develop communication skills and successfully exchange argumentative propositions and conclusions, in order to effectively perform business and team communications at advanced level, as well as successful communication with the public. Learning Skills Able to identify the need to acquire further knowledge and is capable use analytically business cases and company's reports to come to develop understanding of the challenges and to propose solutions.
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Assessment and Program structure The assessment policy of the University is based on the participant learning principle, where learning and assessments are conducted through a combination of case studies and coursework which assess the application of knowledge, with less focus on formal examination and learned facts. Some of the courses are based on 100% coursework/home assignments. Students would be informed about the grading structure for each course through the course syllabus that is obligatory delivered to students at the beginning of the program. Grading structure may vary significantly, depending on the course nature. Program structure The program structure depends on the: i) students choice over the specific program (MBA or MBA with certain concentration); and ii) the total number of ECTS credits that a student has earned prior to the enrollment in the program. In particular, students that have previously earned 240 ECTS (equivalent to 4-years studies) can enroll to a one-year program in general MBA.* However, if they would like to earn a “MBA with concentration I n…” degree, they need to take two additional courses in the specific concentration. Additional courses are charged with a special discount. On the other hand, students that have previously earned 180 ECTS (equivalent to 3-years studies) can enroll only to the two-year program that is MBA with certain concentration. Those students would undertake two years of study, of which one in general MBA courses and one in specific courses for the chosen concentration.
*The program can last two to three semesters, depending on the student's availability for courses and course work.
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UACS MBA Programs Program structure for students who have earned at least 240 ECTS and have at least 2 years of practical business experience (4+1) One-year, English taught program The program offers an in-depth study of core business functions and concepts through a comprehensive range of academically grounded courses. The program provides a foundation in the methods for decision -making and develops management practitioners who embrace change creatively for the benefit of business, provides individuals the capacity and the discipline necessary for continuous learning through research articles, models or case studies. The program supports creation of Leaders and Senior Executives. Students are exposed to the holistic approach to managing organization. Students can customize the curricula to their needs, by choosing specific elective courses. Master of Business Administration Course Title 1.Advanced Organizational Behavior 2.Advanced Corporate Finance 3.International Marketing 4.Research Methods for Business 5.Operations Management 6.Strategic Management 7.Advanced International Management 8.Managerial Accounting 9.Elective Course 10.Master Thesis Elective Course: Leadership Elective Course: Managerial Economics
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MBA – Marketing
MBA – Finance and Banking
Course Title 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12.
Organizational Behavior Advanced Corporate Finance International Marketing Research Methods for Business Operations Management Strategic Management Advanced International Management Managerial Accounting Leadership Strategic Brand Management Strategic Marketing Master Thesis
MBA – Management
Course Title 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12.
MBA – Human Resources Management Course Title
Course Title 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11.
Organizational Behavior Advanced Corporate Finance International Marketing Research Methods for Business Operations Management Strategic Management Advanced International Management Managerial Accounting Leadership Managerial Economics Creating and Managing Organizational Change 12. Master Thesis
Organizational Behavior Advanced Corporate Finance International Marketing Research Methods for Business Operations Management Strategic Management Advanced International Management Managerial Accounting International Finance Managerial Economics Entrepreneurial Finance Master Thesis
1. 2. 3. 4. 5. 6. 7. 8. 9. 10.
Organizational Behavior Advanced Corporate Finance International Marketing Research Methods for Business Operations Management Strategic Management Advanced International Management Managerial Accounting Leadership Creating and Managing Organizational Change 11. Performance and Compensation Management 12. Master Thesis
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Program Structure for students who have earned at least 180 ECTS and have at least 2 years of practical business experience (3+2) Two-year, English taught program The program offers an in-depth study of core business functions and concepts through a comprehensive range of academically grounded courses. The program provides a foundation in the methods for decision -making and develops management practitioners who embrace change creatively for the benefit of business, provides individuals the capacity and the discipline necessary for continuous learning through research articles, models or case studies. The first year provides students with the necessary theoretical background in core business functions and concepts, but also opts to incorporate applicative component in each course. Electives enable specialization in specific concentrations such as: finance and banking, marketing, human resources management or management. UACS MBA program encompasses courses that include internships and seminars, so the students can capitalize on their professional and work experience. Specialist degree – If for whatever reason the student wishes to cancel further education after earning min of 60 ECTS (30 credit hours) and defends a Specialist project, s/he can earn a title Specials of Business Administration. NOTE: THIS LEVEL OF EDUCATION IS USUALLY UNDERSTOOD AS BACHELOR IN THE UNITED STATES AND IT IS RECOGNIZED ACCORDINGLY TO THE ACBSP ACCREDITATION. In the second year students will have the opportunity to apply for a more intensive real-world experience. The program supports creation of Leaders and Senior Executives. Students are exposed to the holistic approach to managing organization. Students can customize the curricula to their needs, by choosing specific elective courses.
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MBA – General Management 1st Year Course Title
MBA – Marketing 1st Year Course Title
1. 2. 3. 4. 5. 6.
1. 2. 3. 4. 5. 6.
7. 8.
Business English Business Ethics and Corporate Governance Strategic Human Resource Management Project Management E-Business Seminar and Cases in Business Administration Curriculum Practical Training and Project Specialization - Optional*
2nd Year
7. 8.
2nd Year Course Title
1. 2. 3. 4. 5. 6. 7. 8. 9. 10.
Business English Integrated Marketing Communications Pricing Policy Measuring Marketing Performance Managing Distribution Channels Seminar and Cases in Business Administration Curriculum Practical Training and Project Specialization - Optional*
Organizational Behavior Advanced Corporate Finance Advanced International Management International Marketing Operations Management Research Methods for Business Strategic Management Managerial Accounting Elective Course Master Thesis Elective Course: Leadership Elective Course: Managerial Economics
Course Title 1. 2. 3. 4. 5. 6. 7. 8. 9. 10.
Organizational Behavior Advanced Corporate Finance Advanced International Management International Marketing Operations Management Research Methods for Business Strategic Management Managerial Accounting Elective Course Master Thesis Elective Course: Strategic Marketing Elective Course: Strategic Brand Management
*Only for students who completed their undergraduate studies at the University American College-Skopje, and are willing to obtain specialization degree
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MBA – Finance and Banking 1st Year Course Title
MBA – Human Resource Management 1st Year Course Title
1. 2. 3. 4.
1. 2. 3. 4. 5. 6.
5. 6. 7. 8.
Business English Portfolio Analysis and Management Bank Risk Management and Stress Testing Financial Reporting and Financial Statement Analysis Banking Management Seminar and Cases in Business Administration Curriculum Practical Training and Project Specialization - Optional*
2nd Year
7. 8.
2nd Year Course Title
1. 2. 3. 4. 5. 6. 7. 8. 9. 10.
Business English Recruitment and Selection Strategic Human Resource Management Leadership Staff Training and Development Seminar and Cases in Business Administration Curriculum Practical Training and Project Specialization - Optional*
Organizational Behavior Advanced Corporate Finance Advanced International Management International Marketing Operations Management Research Methods for Business Strategic Management Managerial Accounting Elective Course Master Thesis Elective Course: Venture Capital Elective Course: Managerial Economics
Course Title 1. 2. 3. 4. 5. 6. 7. 8. 9. 10.
Organizational Behavior Advanced Corporate Finance Advanced International Management International Marketing Operations Management Research Methods for Business Strategic Management Managerial Accounting Elective Course Master Thesis Elective Course: Creating and Managing Organizational Change Elective Course: Performance and Compensation Management
*Only for students who completed their undergraduate studies at the University American College-Skopje, and are willing to obtain specialization degree 10 | MBA STUDIES AT UACS
Master Thesis One of the advantages of the UACS MBA is that it is in full compliance with UACS Mission, i.e. to “combine and blend the best of European and American teaching standards”. The MBA program incorporates writing a master thesis, which is a business related project, where students would apply their gained knowledge in the respective area of study and interest. The University provides to students a strong guidance and mentorship in writing the thesis. Moreover, the University organizes a Master Thesis Semester each semester, where all interested students can apply and attend.
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UNIVERSITY AMERICAN COLLEGE SKOPJE Treta makedonska brigada nr. 60 1000 Skopje Macedonia Phone: (02) 2463156 Fax: (02) 2463159 graduate@uacs.edu.mk www.uacs.edu.mk