Bachelor in Business Administration

Fredrik Lundberg, Bachelor in Business Administration Class of 2007
Business Development Manager, DGC One, Stockholm, Sweden

The global environment is the best part of studying at IUM. There are students from all over the world that you meet and work with every day. This makes it much easier to understand the differences and similarities of different cultures and countries. In addition, the combination with high requirements and demanding but available professors prepares the students for an international and competitive career.

Just do it!…IUM is a great university and I don’t regret my choice at all. Nine semesters of University helps you grow as a person! I had my best years in Monaco and I met some of my best friends there.

Some of the Core Courses offered in the Bachelor in Business Administration Program

Introduction to International Business and Management

This module provides an introduction to the business curriculum. It gets students acquainted with basic management process, concepts, techniques and tools, as well as various functions like marketing, human resource management, accounting and information technology, within the general and competitive environment of business. Research, preparation and presentation of oral and written reports enable the students to relate the studies areas to current events.

Project Management

This workshop introduces students to the field of project management as it applies to the general business world. It seeks to impart the knowledge and skills students will need to successfully complete projects within time, budget, scope, and quality constraints. Students will get acquaintance with the main tools necessary to manage projects as well as to develop project plans.

Business Ethics

The introduction of important ethical theories and moral traditions covering a broad range of moral dilemmas facing society and the world today. Designed to give each student the opportunity to stimulate his/her moral imagination while wrestling with the problems of applied business ethics, whether personal or professional. Having these theories in mind, the student will then be allowed to discern which theories are likely to subsist in these times of crises…

Entrepreneurship and Family Business Management

Organizations – new entrepreneurial ventures, large corporations and nonprofit endeavors – need individuals who can identify problems, develop and implement creative solutions, find new opportunities and markets, and manage in ways that enhance others‟ creativity. This requires employees who think and behave as creative entrepreneurs. This course will help you understand the importance of entrepreneurial creativity and innovation, teach you to identify opportunities and provide you with techniques for coming up with creative ideas and solutions to problems. You will learn about and assess yourself in order to determine whether you want to become an entrepreneur or an intra-preneur (an entrepreneur working within a corporation).

Business Law

This course provides an introduction to the role of law in society and the legal systems within which business organizations operate. The course focuses on Anglo-American law. Specific topics include sources and classifications of law, intentional torts, negligence, product liability, contracts, agency, corporations, and other forms of business organization. Students will learn ways to differentiate the various organizational models that legal constraints impose, and develop an understanding of the critical importance of the legal environment when conducting business – especially in the global context.

Academic Communication: Research and Report

This course covers research and communication skills (reading, writing, listening and speaking) appropriate for academic study. Public Speaking This class will teach the skills and techniques necessary to enable students to feel relaxed in the spotlight. The focus will be on confidence building, improvisation techniques, critical thinking and using body language effectively to help students to feel more confident in any situation, ranging from public speaking, selling oneself or selling a product or being in any unfamiliar situation.

Workshop – Critical Thinking

The purpose of this course is to develop thinking skills. We live in a society that mass-produces information. Not all of it is true or well grounded in fact. The key challenge in an information age is to know how to judge the quality of the information, opinions, and arguments that we are exposed to on a daily basis. This includes the ideas, arguments and assertions that we see, hear or read in the news, in coursework, on the job and in all human relations. Critical thinking is a fundamental leadership competency. Leaders are often presented with information from a variety of sources and about areas where they have no expertise. They must know how to make good judgments about people, information, and arguments. Leaders also have to know how to present persuasive arguments. The ability to think critically and solve problems is not only important for leadership, but for a life-long learning.

Workshop - Conflict Management in a Cross-Cultural Environment

This workshop seeks to prepare students to work and live in different cultures. Through reading, research, in-class discussions, role playing, and reflective writing students examine and discuss ways in which cultures are similar and divergent, with emphasis how these factors affect interaction on the personal and business levels. Students will learn methodologies for analyzing different and sometimes conflicting frameworks for understanding cross cultural interactions.

Communication for Business

This course, which also includes speaking skills, focuses principally on communication for a range of purposes in an international business context, e.g. letters, emails, CVs and job applications. The course highlights the need for fitness for purpose by matching objectives with the needs of the audience. Case studies will be used throughout the course. Students are encouraged to work collaboratively and will refine their research skills by writing a report which they will also present in class

Logistics and Operations Management

This course introduces students to proven quantitative methods used for the analysis and control of facilities, manpower, and material in logistics and operations management. The course seeks to illustrate that operations management is fundamentally indispensable to good corporate management regardless of the sector. It assists students in understanding the link between effective general management and the principles and techniques of managing operations in the modern firm by emphasizing applications in the service and manufacturing sectors. Students will learn the basics of quantitative methods and analytical tools used in logistics and operations management to gain a competitive edge in the marketplace. They will also demonstrate an understanding of the strategic importance of logistics and operations management.

Management Information Systems

A clear understanding of, and breadth of knowledge regarding, both the theoretical principles and concepts of Information Systems (IS), and the ability to apply these concepts and frameworks to today’s managerial challenges. An understanding of the role of IS in managing organizations, and in helping organizations achieve greater effectiveness. Conceptual models and practical applications of IS in organizations are featured. An introduction will be presented to business processes and how Information Technology (IT) enables businesses to function more effectively.

Microeconomics

This course is a broad survey of the microeconomic theories and policies. Emphasis is placed on the fundamentals of economic organization, the theory of supply and demand, price elasticity, consumer choice and utility theory, theory of the firm and production theory, perfect competition, oligopolies and monopolistic competition, uncertainty, risk, and game theory.

International Economics

National income determination, the (Keynesian) multiplier model, money and banking, monetary policy, inflation, unemployment, economic growth, fiscal policy, deficits and government debt, exchange rates and aspects of the international economy.

English for Academic Purposes

The overall objective is to develop students’ confidence in English language, to ensure students continually practice and communicate in English. They will be exposed to different topics and subjects relating to various areas of English allowing them to build their vocabulary and ability to communicate in various situations. Students will focus on expressing themselves, their ideas and opinions through presentations, group work, paired work and topical debates. Students will continually work on, and be made aware of the importance of pronunciation, intonation, stress and voice projection. Students will be exposed to a range of authentic materials; newspapers, magazines, news reports, as well as secondary materials. They will have the opportunity to contrast various writing styles and various speaking styles. Tasks will be centered on the comprehension of various reading and listening materials and student’s ability to summarize, challenge and analyze various views and opinions expressed in these materials. The main objective is to enable students to improve written accuracy paying particular attention to formal language and the vocabulary used in academic writing. Students will be asked to produce short essays on current issues, as well as essays relating to their university discipline.

Principles of Accounting

This course will provide students with an overview of the field of financial accounting by stressing on the fact that business leaders, investors, creditors and other informed parties rely on accounting information as “a means to an end.” Students will learn the concepts and jargon that constitutes in fact a “new language;” particular emphasis will be put on how accounting information can effectively be utilized in day-to-day business activities.

Introduction to Corporate Finance

This course introduces students to financial analysis and planning, and to the three interrelated components of contemporaneous finance – financial management, financial institutions, and investments. Topics include the financial marketplace, financial tools for firms and investors, financial management, investment management; and financial monitoring and control. The course focuses on explaining the breadth of finance, providing an understanding of the international dimension of finance, familiarizing students with the vocabulary of finance, and exposing students to the key tools used by financial managers and investors in analysis and decision making. Students will master the basics of business finance as it applies to the modern firm. They will also learn how to use analytical tools and conceptual skills for short-term and long-term financial decisions, and display a practical understanding of the broad and dynamic field of finance in the modern global environment.

Managerial Accounting and Cost Analysis

This course focuses on the uses of information for management, planning, and control – and for decision-making – by introducing students to cost behavior analysis, cost systems, and budgeting. The course facilitates students’ understanding of ways in which financial information is generated, analyzed, and implemented in making efficient managerial decisions. It also discusses and explains various cost accounting systems and their application to manufacturing operations. Students will learn how to prepare profit plans, budgets, and variance analyses; and to apply the cost-volume-profit relationship, direct and standard costing, segment reporting, and relevant costs for decision making.

Introduction to Financial Markets

This course is to analyze and explain how businesses interact with financial markets and financial intermediaries, in the context of a dynamic global macroeconomic and regulatory environment. Several classes will be devoted to the stock market, the government and corporate fixed income markets, the money market and the derivatives market. Among the institutions studied in detail are investment banks, commercial banks, brokers and market makers, investment companies and central banks.

WebDesign & Web Development

This course provides students with the general knowledge necessary to manage efficiently a Web Project. The class combines both theory and practice by learning the history of the internet and using HTML code, CSS and Content Management System such as Joomla or WordPress. A short introduction to Search Engine Marketing will also be done. Each lesson will focus on specific issues.

Data Organization and Systems

This course provides an overview of the practical benefits given by the utilisation of a database management system (DBMS). Topics include data conceptualisation (relational scheme), data manipulation (SQL: Structured Query language), database implementation and administration. Students will learn to use and evaluate DBMS products to decide which one to choose and when to use it.

Please note that this list is not exhaustive and subject to change

Some of the Electives offered in the Bachelor in Business Administration Program

Chinese Elementary Level 1

This course, designed for students without any Chinese learning experience, is devoted to the training of the basic communication skills. It aims to provide beginners with a fast and efficient approach to the general needs of daily communications. The course introduces about 150 characters and some essential topics such as greetings, asking for help, making phone calls, hobbies…The cultural windows invite students to discover this fascinating civilization with thousands of years of history. Through recorded videos, students can revise each lesson outside classes.

Chinese Elementary Level 2

This course, designed for students with at least 30 hours Chinese lessons, is devoted to the training of the basic communication skills. It aims to provide beginners with a fast and efficient approach to the general needs of daily communication. This course continues to introduce another 150 new characters. More topics such as jobs, expression of time, shopping…will be developed. The "cultural windows" invite students to discover this fascinating civilization with thousands of years of history. Meetings with Chinese artists and representative are planned.

Workshop – Thesis Method & Practicum

This workshop seeks to enhance students’ abilities as careful and creative users of the English language so that they can ask questions about behaviour, attitudes, knowledge, and performance. Students will learn how to successfully design and administer a questionnaire, collect primary research data through surveys, and create novel written solutions to expression problems.

Portfolio/Hedge Fund Strategies

This course serves as a guide into the world of portfolio management and alternative investments, with a special focus on hedge funds. Several alternative investment classes will be introduced: hedge funds, private equity, commodities, and various hedge fund strategies will be discussed, emphasizing on long/short equity, global macro and merger arbitrage in particular. The second half of the elective will introduce the student to portfolio management models and tools, and how to combine hedge funds with standard asset classes for a robust portfolio allocation. The course aims to provide a practical understanding of how to construct a portfolio by including alternative investments.

Globalization

Globalization is almost universally predicated as inevitable, necessary, conducive to efficiency and economic well-being and unstoppable. It has become a buzzword for leaders in business and politics alike. This course explores globalization in its various dimensions- economic, political, cultural and so on and enables students to deepen their understanding of the concept and its impact on business, society and the individual.

Introduction to Consumer Behavior

The dynamics of human behavior and how it relates to decision making, through an in-depth view of the many factors that influence the consumer’s decision making process, including personality, social groups, culture, values structure, perception, and learning. The course material is related to the development of consistent marketing strategy through lectures, cases and readings.

Topics in Applied Calculus

This course focuses on differentiation, integration (antidifferentiation), definite integrals for functions of one variable, and partial differentiation, unconstrained/constrained optimization for functions of several variables. These mathematical models are applied to topics such as supply/demand, cost/revenue/profit, production of labour, elasticity, consumer/producer surplus, Cobb-Douglas production functions, utility functions.

Job Search Techniques

This course introduces the ideas about career paths to students with, mainly, little knowledge of the world of work. The course prompts a certain self-reflection – about interests, motivations, and abilities, especially interpersonal skills – leading to an initial vision of their future and/or of the pragmatic next steps. Students are encouraged to research and understand the practicality of alternative career paths: industries, roles, and organizations. Students are also encouraged to develop their network to improve the job search and application process, in which they are assisted by lectures and workshops on all aspects of the application process: CV’s, cover letters, ‘Thank you’ letters, interviews, assessment days.

French Elementary

It focuses on basic structures and vocabulary for elementary communication. This course will help you to acquire a little more autonomy with French language to use it in daily basic situations.

Fundamentals of Social Psychology

Fundamentals of Social Psychology is an introduction course that gives an overview of the field which studies the behavior of individuals in social contexts. It covers social perception, sensation, cognition, motivation, emotion, attitudes, behavior, interpersonal attraction, personality, and social influence on individual behavior and group dynamics.

Fundamentals of Developmental Psychology

Developmental psychology, also known as human development, is the scientific study psychological changes, emotional changes, and perception changes that occur in human beings over the course of their life span. This course will examines change across a broad range of topics including motor skills and other psycho-physiological processes; cognitive development involving areas such as problem solving, moral understanding, and conceptual understanding; language acquisition; social, personality, and emotional development; and self-concept and identity formation.

Italian Elementary I

This course gradually introduces beginning students to the Italian language and culture. It focuses on basic structures and vocabulary, enabling students to acquire linguistic and communicative competence. In particular it emphasizes communication skills, starting from the most elementary needs to the ability to communicate successfully in different situations of everyday life. Students will gradually learn to introduce themselves, to use forms of salutations and thanks, to give and to ask for information about family, work, the town, etc. The main grammar subjects concern phonetics, verbs and their tenses, articles, nouns, pronouns, adjectives and prepositions.

Career Opportunities for the Bachelors in Business Administration

Your first step towards an international career

Each year nearly 90% of our students find positions shortly after graduating. Employment opportunities vary from banking and finance to real estate, luxury goods, hospitality and tourism. The University provides an unparal-leled opportunity to network with business leaders, both locally in Monaco’s renowned professional community, and through visiting lecturers and indus-try seminars. Most of our graduates can speak more than three languages and find jobs in a highly international environment.

Ruchdi, Lebanese,
Private Banker at BSI SA, Singapore, Responsible for Asian and European Clients

"The IUM international mindset is still something that influences my career choices today."

Jean-Baptiste, French,
Area Manager for the Fragrances Division in L’Oreal Travel Retail America

"I would have never thought even after I joined IUM that these 3 years could bring me so much both professionally and personally."

Ina, Norwegian,
Revenue Manager at Scandic Hotels, Norway

"The individual approach of IUM as well as its academic rigor enabled me to apply for the best graduate schools."

Career Services

The main mission of the Office of Career Services & Corporate Relations is to enable students to clearly identify their career potential and aspirations, as well as to successfully assist them in finding suitable jobs or start their own business.

Study Abroad/Exchange Students

You will appreciate our UNIQUE MULTI-CULTURAL ENVIRONMENT!

The International University of Monaco offers you the opportunity to study as an exchange student for one or two terms, and earn credits toward the completion of your undergraduate degree at your home university (see our international partnerships list).

In our unique multi-cultural environment you will learn side-by-side with students from around the world. We are truly international: over 40 different nationalities are represented (the largest nationality contingency representing less than 25% of the student body).

Among the many reasons which make IUM a great place to study is the fact that Monaco is one of the safest states in the world and offers many exceptional cultural, social, sports and professional opportunities. Furthermore, when you go back to your home country, you will be leaving Monaco not only with a greater understanding of international business, but also with a keener sense of cultural diversity and a wider world perspective.

For more information

For more information on the application process, please have a look at the Study Abroad/Exchange section.

If you have any question, please contact the Coordinator of Study Abroad/Exchange at studyabroad@monaco.edu