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The Online Executive MBA at a glance
24 month, 54-credit degree program
2 on-campus sessions in Monaco included
Complete an MBA degree while working
2 intakes: Fall 2013 & Spring 2014
€23,100 total tuition and fees
TOP 5 REASONS to choose the IUM ONLINE EXECUTIVE MBA
1. A top-ranked international program
IUM boasts a unique accreditation status: AMBA (the Association of MBAs) has given a full accreditation to both IUM's full-time and Executive MBA programs.
In addition, the IUM MBA has been ranked for the past five years in the Economist's Top 100 MBA programs worldwide.
2. Award-winning eCampus: a unique online EMBA
The eCampus used by IUM was recognized as "Best of the Best" in the Education and Academia category of the 2009 Computerworld Honors Program.
3. Interactive modules to fit your own learning style
The program offers a non-linear and student-focused learning experience. You have the option to watch, view, read or listen to fit your own learning style. You can also choose the order and depth of courses in line with your previous knowledge.
4. Individualized attention
The EMBA program is run with small groups of students which ensures that each participant receives special attention. Instructors are always ready to answer questions and give regular feedback at every stage of the learning process.
5. An exceptional opportunity to develop your professional project and boost your career
All participants receive personalized career coaching.
Online EMBA Program objectives and philosophy
The International University of Monaco has developed the Executive MBA program with an awareness of the complexity in today's international market place and the certainty that successful business models require a very special approach. This philosophy is present in our attitude, our vision, and in our understanding of how to develop professionals in this environment.
At IUM we view management as an on-going behavioral process
. A guiding principle of the program is to provide students with the keys to fully develop their career to its fullest potential.
The EMBA program is based on a philosophy of excellence in education through an integrated, intensive and applied curriculum, to provide individuals with the knowledge and skills to successfully lead organizations in a dynamic, borderless, and global setting environment.
The IUM Online Executive MBA trains top business managers
with a deep understanding of today's important business issues.
This 24-month, 54-credit degree program integrates a carefully structured curriculum to allow students to maintain a career while pursuing their graduate degree. Taught via distance learning sessions, the program also includes 2 on-campus sessions, in Monaco
The EMBA program objectives
- Equip students with a set of core competencies and skills that underlie business leadership in a dynamic, borderless and global setting
- Enable students to understand the vital role that economic, cultural, sociological, psychological, and technological environments play in business
- Enhance students' critical thinking, analytical and problem-solving skills
- Create a broader understanding of most current business theories, concepts and practices to obtain a more global perspective of business
Alina Brinza, Moldovan, EMBA Online 2012
Head of International Operations, Orange, Moldova
The Executive MBA offered by the International University of Monaco is a great platform for obtaining solid knowledge in various business areas and at the same time exchanging ideas and networking with new business contacts. The on-line platform used for the program courses is very convenient and user friendly, and most important allows multiple options for studying without wasting precious time on travelling. The courses are very demanding, covering large areas at a fast speed, but at the same time the professors are available for spending time explaining even individual questions and cases.
One of the reasons for choosing this EMBA program was the content that I found useful and well structured. Being a finance professional, but currently managing a wide team of over 180 people that work on various activities, including IT and Customer Care, I found extremely useful courses in the program that should cover the areas with which I am less familiar. Basically, the program includes most of the domains that an executive would need for running a successful business.
Some of the best parts of studying at IUM are the international environment, the relevant experience of the other students in the same class and definitely the professors with wide experience in the areas that they teach. They share practical cases that are always a great learning opportunity.
I look forward to discover the next courses in the program.
Some of the Core Courses offered in the EMBA Program
EMBA core courses present an overview of key functional areas
and provide a strong
knowledge base in subjects like economics, finance, accounting, statistics, marketing, strategy, the legal environment of business and corporate social responsibility. Each on-line module has a length of 15 weeks and consists of two 4-credit courses
. In addition, integrative and cross-disciplinary topics like entrepreneurship or project management will be addressed during the on-campus sessions.
This course presents a modern treatment of economic theory to help students both
understand and improve the managerial decision-making process whereby we concentrate on
microeconomic and macroeconomic topics of particular importance. The integrative approach
used in this course demonstrates that important managerial decisions are interdisciplinary as
effective management is seen to involve an integration of the accounting, finance, marketing,
personnel and production functions.
Therefore, the business firm is treated as a unified whole, rather than a series of discrete,
unrelated parts. Participants will gain a solid foundation of economic understanding and the
"economic way of thinking" for use in strategic and managerial decision-making
, and an
understanding of the basic forces of supply and demand and how they interact to determine
the quantity of goods traded in a market – and the price paid for those goods. They will learn
to analyze market structure, examine the pricing practices needed for successful
management, discuss ways in which real markets depart from perfect competition, and
describe the role of government in a market economy.
Financial Accounting, Reporting and Control
The course provides students with an overview of the field of financial and managerial
and emphasizes the fact that business leaders, investors, creditors and other
informed parties rely on accounting information as "a means to an end."
The course introduces financial accounting concepts and techniques used by managers in
various industries (especially in manufacturing and services businesses). These
fundamentals include the determination of income, cash flow and financial position, the
preparation and analysis of financial statements, and the typical processes used in routine
cash flow management and used in long-term capital investment decision-making
Participants will learn the concepts and jargon that constitute in fact a "new language"; and
learn how accounting information can effectively be utilized in day-to-day business activities.
The focus is on the support that financial and managerial accounting provides to business
leaders both in the daily management of the firm and in strategic decision-making.
This course provides an overview of all the fundamental marketing management concepts
and provides participants with the opportunity to integrate them.
Participants will learn how to scan the environment, perform market studies, evaluate buyer
and consumer behavior, launch new products, and choose a coherent marketing mix strategy
(product and branding, price, distribution, and communication strategies). They will also learn
to analyze and formulate a marketing strategy, and select an implementation process by
preparing and presenting a marketing plan for a product or service.
Through this process participants will develop an understanding of the ways in which the
customer is the focus of all marketing actions, and the role marketing plays within a company
and in the general economy.
Data & Models
The course covers the basics of classical statistics and data analysis
measures of data, graphical presentation of data, random variables and probability
distributions, estimation, confidence intervals, and hypothesis testing. After achieving a
reasonable familiarity with the classical material, students will use more advanced quantitative
methods applied to managerial decision-making problems such as regression, and chisquared
tests of independence for categorical data.
The course emphasis throughout will be on interpreting data, choosing appropriate models
and methods, and on practical applications of the statistical methods
. The course relies on
extensive use of the spreadsheet package Excel.
Services Marketing & Customer Relationship Management
This course will examine the unique aspects of services management and marketing
, with a
particular focus on services as key differentiators in today’s more and more price driven
global business environment.
The "service perspective" characterizes the approach of the course. According to this
perspective, customers are not looking for goods or services, but rather for benefits or
solutions to their problems. In other words, to be competitive, firms need to understand their
selected customers’ total needs in order to design and deliver the core solution: the pertinent
package of goods and services. But beyond that, the solution should also include other
relevant billable, and non-billable services, such as invoicing, complaint handling, advice and
personal attention, information, and other value-adding components. In this service
perspective, the role of service components in building and maintaining customer
relationships is fundamental and strategic, and sustainable competitive advantage can only
be created by understanding and meeting every element of the individual customer
Operations & Supply Chain Management
This course focuses on what operations managers do, how operations management involves
a range of business functions, and the tools that operations managers use.
Students will develop the skills and concepts needed to ensure the ongoing contribution of a
firm's operations to its competitive position, as well as an understanding of the complex
processes underlying the development and manufacture of products, and the creation and
delivery of services.
In an ever shifting manufacturing and design basis the student will gain insight in the
environmental effects of a now truly global supply chain and market place. The impacts of this
paradigm shift affect industry in ways that sometimes are not so evident without a deeper
Each student will be challenged to understand these potential impacts and how this can and
certainly will affect various sectors.
Human Factors in Organizations
This course focuses on organizational behavior (OB) and human resources management
. Some aspects of organizational and industrial psychology, ergonomics, and human
factors engineering will be also presented. It covers traditional OB and HRM subjects such
selection, recruitment, personnel development, organizational culture, leadership, stress at
work, job satisfaction, motivation, performance appraisal, etc. as well as some issues related
to performance and occupational health and safety.
The course focuses on the variables that affect individual and collective behavior. Students
will learn how work-related variables can affect human behavior and their implications for
performance and satisfaction. They will also develop the ability to recognize the influence of
these factors on organizational system-level variables and their impact on the critical
determinants of organization human resource effectiveness: productivity, absenteeism,
turnover, satisfaction, and citizenship.
This course examines the role of finance in supporting the functional areas of a firm and
fosters an understanding of how financial decisions themselves can create value.
The course builds a strong financial foundation
, concentrating on the functions of modern
capital markets and financial institutions, the main principles of corporate finance and
standard techniques of analysis, capital budgeting, discounted cash flow valuation, and risk
analysis, and cost of capital. Students will also learn valuation techniques, ways to manage
working capital, how NPV and valuation techniques are related, and methods for managing
debt and equity financing.
Furthermore, the Corporate Finance course encourages students to explore a number of
managerial decisions such as the evaluation complex investments as well as the set up and
execution of financial policies within a firm.
Strategy & Global Competition
Strategy involves the allocation of critical resources in a competitive and global environment
over relatively long periods of time in the pursuit of specific goals and objectives.
The Strategy and Global Competition course examines how organizations achieve, sustain,
and renew competitive advantage in a global environment
, and explores what managers have
to do in order to increase the likelihood of success.
Today’s strategies are influenced by many factors such as the resources available to
management, the industry and the competitive conditions, and of course the firm’s internal
structure, systems, and culture. As a result, developing a firm’s strategy involves the analysis
of the business as a whole system of interrelated decisions, and therefore requires integration
of functional (marketing, finance, human resources, etc.), as well as industry knowledge all
blended with transversal competences such as organizational behavior and communication.
The course helps students to develop the ability to think strategically about businesses in a
variety of situations, to ask the right questions about the future of a business, and to judge
uncertain strategic situations.
Corporate Governance & Business Law
The course addresses the broad issue of how firms are being "governed" and how they relate
to shareholders in particular and to stakeholders in general, as it is today generally admitted
that there exists a relationship between governance practices and corporate performance
The course presents the principal corporate governance and legal mechanisms used in the
world of international business, and explore the ethical and legal foundations of business
activities in an international setting.
This course develops an appreciation of the importance, an understanding of the
mechanisms, as well as an overview of the particular issues of corporate governance and
business law today.
Subject matter includes legal and ethical responsibilities of managers; comparative law of
corporations; changes in corporate form; and corporate information
. The course will also
focus on practical aspects of law for business professionals, including understanding
contracts and working with lawyers.
Intercultural Management, Communication and Negotiation
This course helps students understanding the challenges that are likely to be faced while
working internationally and to develop cross-cultural competence
to work effectively in
international assignments, on cross-cultural teams, with increasingly diverse customers and
clients. Negotiation is the art and science of securing agreements between two or more
parties who are interdependent and who are seeking to maximize their outcomes. Negotiation
and selling skills are necessary for all business functions to effectively convey their ideas and
win approval for them. The international aspect of selling and negotiating across cultures
adds significant complexity to the process. Issues that can be particularly troublesome when
negotiating in the global setting will be addressed.
Students who have been practicing sales will be able to put their experience in perspective
with theoretical concepts whereas the ones who have never or rarely been involved in the
selling process will acquire basics and practice role plays.
Ethics in Business and Corporate Social Responsibility
This course focuses on the application of moral principles and models for ethical decision
making to individuals and businesses in the 21st century. Management is becoming more
complex because it has to conciliate environmental, social and economical requirements; the
challenges are formulated in terms of transparency, risk and reputation. The Corporate Social
Responsibility (CSR) movement
is a worldwide phenomenon, and corporations, trade
associations and nonprofits are being asked to step up and be accountable. Therefore, new
modes of management and performance evaluation must be developed in order to devise the
most efficient strategy.
The course examines the dynamics of strategy management and responsibility, aiming at
combining business objectives and societal values, or how CSR can be internalized in the
strategic management and how CSR tools can be effectively and efficiently put in force.
The course also provides valuable insights into the cycle of organizational
change in this
context, and develops both intellectual and behavioral skills to facilitate a more nuanced
understanding – and successful management of – change in such a setting. Students are
encouraged to progress from seekers of to catalysts for positive change against a
Please note that this list is not exhaustive and subject to change