THE MONACO MBA PROGRAM OVERVIEW
Opting to pursue an MBA is a significant decision in life. Selecting the right one is even more of a challenge. This choice can make a difference to one’s personal growth and professional success in their career ahead.
There are hundreds of business schools worldwide offering an MBA and dozens of excellent programs in Europe. So the question arises, how to choose?
Answers to this question should focus less on the school and more on the program’s objective. Hence, the real question is, «what do you want to achieve out of the MBA?». If the idea is to acquire the necessary business skills along with a diploma to prove it, then just about any accredited program will do.
However, if someone wants to challenge themselves in an intensive program and emerge enriched with new skills, perspectives, and contacts, then one should consider the Monaco MBA. Set in the unique international environment of the Principality of Monaco, the Monaco MBA program experience stands apart from all the others.
If you are looking to grow, personally and professionally, through an immersive and multicultural experience in a unique learning and networking environment, then the Monaco MBA is for you.
Dr. Marika TAISHOFF
MBA PROGRAM DIRECTOR
5 reasons, why should you follow the “MONACO MBA” at IUM
- One of the key advantages of our MBA program is that you learn from Monaco’s unique expertise in luxury services, wealth management, entrepreneurship, and innovation.
- The program has a 10-month full-time or 20-month part-time options for working professionals, and may be completed on-campus or remotely / distant.
- It is accredited by the Association of MBAs, which pledges to uphold standards and promote innovation in worldwide postgraduate management education.
- An all-year Career & Personal Development Coaching and Mentorship Program is desinged for our MBA cohort.
- The MBA program is ranked 50th among the best 100 MBA programs worldwide by The Economist’s Which MBA? (2022 ranking)
MBA Program Description
The Master of Business Administration program at IUM, also referred as the Monaco MBA, is a post-experience Master level program designed for applicants who already have management experience in their hands. It prepares individuals for high-level management careers by immersing them in a truly multicultural learning environment and emphasizing the practical applications of management theories and disciplines. Earning an MBA in Monaco will allow you to expand your professional network in Monaco, since 5000+ enterprises are located within walking distance of our campus.
Learning Goals and Objectives
After completing the Monaco MBA, graduates will:
- BE ANALYTICAL THINKERS AND INNOVATIVE PROBLEM SOLVERS: Critically analyze complex business situations to develop proper strategies.
- BE EQUIPPED TO LEAD RESPONSIBLY IN A BUSINESS ORGANIZATION: a. Master critical business functions and management theories. b. Understand the processes to drive change and motivate people.
- BE EFFECTIVE DECISION MAKERS: Make business decisions considering the impact on different stakeholders.
- BE ARTICULATE AND INSPIRING COMMUNICATORS: Deliver well‐structured and compelling communications.
- BE COLLABORATIVE TEAM PLAYERS: Be able to work collaboratively in a multicultural group toward achieving shared objectives.
ANY DOUBT THE MONACO MBA PROGRAM?
Schedule a personal consultation call with our Recruitment team and solve all your questions!
MBA FULL-TIME 10 months
MBA PART-TIME 20 months
YEAR 1
YEAR 2
AMBA REACCREDITATION FOR 5 YEARS FOR OUR MBA PROGRAM
Thanks to the ever-present enthusiasm and engagement of students, faculty, and staff, our entire IUM community is delighted to announce the AMBA reaccreditation for five years for our MBA program.
Throughout 2023 IUM will continue to embrace diversity and support our students as they, in their own unique ways, innovate, create real change, and have an impact in the University, and in the community at large.
THE MONACO MBA PROGRAM FREQUENTLY ASKED QUESTIONS
Do I need to put my job on hold to do the MBA?
The MBA is offered in two formats: the full-time option, which takes ten months and is entirely taught on campus in Monaco. The part-time format is aimed at professionals who want to continue working and follow online or on-campus courses when their timetable allows. Therefore, it’s feasible to work full-time and follow the MBA part-time.
What are the criteria to apply for the MBA program?
You need to have a minimum of a Bachelor’s degree and at least three years of professional experience. IUM is particularly interested in your motivation and career objectives. That’s why candidates from diverse backgrounds such as engineering, medical field, sciences, and liberal arts find themselves in the Monaco MBA.
Is an internship part of the MBA program?
No, it isn’t. You’ll undertake a consultancy project within a company to present viable solutions for a real issue that a company encounters. You’ll be fully part of this company for the period of your consultancy project, and IUM MBA students are highly valued and appreciated by company directors and staff.
A STRONG EMPHASIS ON EXPERIENTIAL LEARNING
The experiential learning approach characterizes the entire curriculum, emphasizing applications, real world examples, and case studies throughout the year. This approach The experiential learning approach characterizes the entire curriculum, emphasizing applications, real-world examples, and case studies throughout the year. This approach culminates in the integrative components at the end of the program: the Corporate Consulting Project or the Entrepreneurial Business Plan, and the Business Simulation. The Projects, which constitute the capstone of the MBA curriculum, offer students the opportunity to work on concrete, topical challenges given to them by companies and to be actively involved with relevant company executives in strategic decision-making and recommendations.
THE MONACO MBA INSIGHTS
Jennifer Crentsil
It has been an incredible journey, which has equipped me with a strong foundation in business strategy, leadership, finance and marketing. The MBA program has not only broadened my understanding of the business world but has also sharpened my critical thinking and problem-solving skills.
Stella PANAGIOTIDOU
MBA 2023
PLACEMENT DATA
83% of MBA graduates are employed on graduation day
EXAMPLES OF POSITIONS HELD BY RECENT GRADUATES
| PREVIOUS POSITION | NEW POSITION |
|---|---|
| Marketing Manager | Digital Marketing Manager |
| Business Management Consultant | Digital Transformation Manager |
| Retail Director | Director Retail Multichannel |
| Sales Director | Partnerships and Business Development Manager |
| Operation Manager | Lean Manager |
| IT Director | Infrastructures, Sustainability & General Services |
IUM Alumni are working in International Companies worldwide
Top Employers include:
AMADEUS SAS, AMAZON, BLOOMBERG, BOTTEGA VENETA, CAMPARI, CAPGEMINI, CHANEL, CREDIT SUISSE, DELOITTE, FENDI, GALDERMA/NESTLÉ SKIN HEALTH, HERMES, IMMOFINANZ, JPMORGAN CHASE & CO., KERING, KPMG, LAVAZZA, MICROSOFT, MOORE STEPHENS, RICHEMONT, SBM OFFSHORE, SWAROVSKI, UBS.
| WHERE ARE OUR ALUMNI BASED? | % |
|---|---|
| Eastern Europe | 29% |
| Middle East and Africa | 14% |
| Monaco | 43% |
| Northern Europe | 14% |
| INDUSTRIES | % |
|---|---|
| Hospitality & Leisure | 25% |
| Fashion, Watches, Accessories | 25% |
| Retail/E-retail | 13% |
| Healthcare | 13% |
| Energy & Power | 13% |
| Banking, Finance, Insurance | 13% |
Teaching IUM’s MBA is challenging and exciting: bridging theory and practice, and fostering collaborative learning are key pillars of our pedagogical approach; we assign group projects and activities in all courses, mixing deliberately residential and distant learning students; MBA graduates learn to switch seamlessly from classical to virtual teamwork activities in which they inspire their colleagues by leveraging trust, effective collaboration, motivation, autonomy and communication.
Dr. Alessio CASTELLO
Professor of Management
Admissions and Fees of the Monaco MBA Program
We strive to select a diverse student body, one that not only reflects a variety of backgrounds, cultures, and nationalities but a wide range of personal interests and professional ambitions. we seek applicants with high potential from all over the world who wish to share their talent and dreams with their community.
Admission Requirements
- Bachelor degree
- At least 3 years of professional experience
- English proficiency
Upload the Required Documents
- Online application
- Letter of motivation
- University degrees and official transcripts
- CV
- Passport or ID card copy
- ID picture
- Proof of English proficiency (TOEFL, IELTS, Cambridge)
- 80€ application fees
- Letter of recommendation
Interview
- Face to face
- Phone interview
- Video call interview
Fees
Prices below are for information only and apply to the academic year 2023-24.
MBA program tuition: 41,900€.
In addition, all students pay the annual Student Association Fee of 175€, and the IUM for Life Fee of 650€ that gives lifelong access to Alumni services.
Contact-us
For further information
Call us:
+377 97 986 993
Send us an email:
MBA VOICES
Meet with Andrés Bonilla, an MBA student from Guatemala!
MBA VOICES
Meet with Karolina Paszkiewicz-Kolacz, an MBA student from Poland!