2 Welcome to the University of Cyprus MBA Dear prospective MBA participant, On behalf of the Department of Public and Business Administration of the University of Cyprus, we welcome you to the University of Cyprus MBA. During the past few years, the University of Cyprus has demonstrated its commitment to excellence in scholarship, research, and service. Building on the success of the previous years, our newly designed Master of Business Administration (MBA) program takes pride in creating visionary and influential leaders in the local, regional and international business community. We are looking to take on board individuals with promising leadership potential and excellent academic credentials, who will share knowledge and ideas, actively contribute to the program, and shape the future of business practice. Your participation in this program will enhance your professional development and provide you with the management tools and skills to become an agile and highly adaptive leader with the ability to succeed in a rapidly changing business environment. We encourage you to take part in this truly unique and exciting learning experience. We look forward to welcoming you to the University of Cyprus MBA family. Professor Andreas Charitou Associate Professor George Hadjinicola Associate Professor Andreas Soteriou MBA Directors
3 Our Mission Offer a unique MBA learning experience and establish ourselves as the premier program in the region, creating leaders with vision in a dynamic global environment. Our Philosophy In line with our mission, we are fully committed to offering a unique MBA experience for the leaders of tomorrow. This is achieved by bringing together promising individuals into a stimulating academic environment that encourages the transformation of ideas into business realities. A key component of this transformation process is our faculty, who bring excellence in both teaching and research with their broad experience in leading MBA programs worldwide. Our quest is to develop and sustain a unique academic culture that promotes the exchange of ideas through innovative teaching methods and state-of-the-art methodologies, and deliver individuals capable of promoting new business paradigms.
5 Admission Information REQUIREMENTS: Degree from a recognized academic institution or equivalent. The program accepts students according to the selection criteria that focus on work experience and prior academic performance. Priority will be given to applicants who have at least 3 years of full-time work experience and superior academic performance. GMAT or GRE exams will be considered as an additional qualification. Applicants must demonstrate proficiency in the English language through one of the following: TOEFL, IELTS, GCE or equivalent, unless they hold a degree from an English speaking institution. Two recommendations from academics or people who are familiar with the work of the candidate. Applicants will be invited for a personal interview to assess their contribution potential to the program. HOW TO APPLY: Application forms and additional information can be found on the Program s website: or can be obtained from the MBA office at the University of Cyprus.
6 The Full-Time MBA Program The MBA Program is a one-year full time program geared towards individuals who are committed to developing their management skills and decision-making abilities in a fast-changing business environment. The duration of the program is twelve months with classes beginning in September. The program is completed within five Terms. The duration of each Term is two months. In order to graduate, students must complete 90 European Credit Transfer System units - ECTS units. Courses of 3.5 or 4 ECTS units are completed within 28 contact-hours over a two-month period. The program also offers a number of courses of 2 ECTS units that are completed within 14 contact-hours over a two-month period. Courses equivalent to 53 ECTS units constitute the core curriculum, which introduces students to the fundamentals of the business disciplines. These courses enable students to improve their analytical thinking and decision-making skills and are offered during the first four Terms. Program participants must choose elective courses equivalent to 16 ECTS units from a list of courses which covers all fields of business administration. These courses provide students with the opportunity to customize their program according to their professional needs and interests. The elective courses are offered during Terms four and five. The Applied Business Project (21 ECTS units) takes place during the last Term, and enables students to apply the knowledge acquired during the program to an organization. The Applied Business Project focuses on a real-life case within a corporate environment, and brings together teams of students with sponsor companies. The Applied Business Project reflects one of the central themes of the program which is teamwork. The complexity of the business environment forces managers to seek the integration of knowledge through collaboration.
7 The Full-Time MBA Program Structure Term Period Course ECTS MBA 501 Business Computer Fundamentals Prep. August MBA 502 Introduction to Accounting Period MBA 503 Business Mathematics and Statistics September - October November - December January - February 4 March - April 5-6 May - August MBA 572 Business Communications 4 MBA 531 Business Economics 3.5 MBA 544 Business Statistics 3.5 MBA 561 Leading and Managing Organizations 4 MBA 511 Financial Accounting for Management Decisions 4 MBA 521 Financial Management 4 MBA 542 Managing Operations 3.5 MBA 551 Marketing Management 4 MBA 512 Managerial Accounting 3.5 MBA 541 Methods for Management Decisions 3.5 MBA 543 Managing Information Systems 2 MBA 562 Corporate Social Responsibility and Ethics 2 MBA 563 Entrepreneurship 4 MBA 564 Strategic Management 3.5 MBA 522 Capital Markets & Investments 4 Elective Courses 8 MBA 590 Applied Business Project 21 Elective Courses 8 Total 90 Elective Courses for the Full-Time Program ECTS Accounting MBA 513: Financial Analysis and Capital Markets 4 MBA 514: Business Law 2 MBA 515: Taxation 2 Finance MBA 523: Options 4 MBA 524: Bank Financial Management 4 MBA 525: International Finance 4 MBA 526: Strategic Capital Budgeting 4 MBA 527: Risk Management 4 Operations Management MBA 545: Service Management 4 MBA 546: Supply Chain Management 4 MBA 547: Quality Management 4 MBA 548: E-Commerce 2 MBA 549: Project Management 2 ECTS Marketing MBA 552: Marketing Research 2 MBA 553: Strategic Marketing 4 MBA 554: International Marketing 2 MBA 555: Marketing Communications 2 MBA 556: New Product Development 2 MBA 557: Sales Management 2 MBA 558: Consumer Behavior 2 Management MBA 565: Human Resources Management 4 MBA 566: Leadership 4 MBA 567: Managing Change 2 MBA 568: Negotiations 2 MBA 569: Creativity and Innovation 2 MBA 570: International Business 2 MBA 571: Multi-Cultural Management 2
8 The Professional MBA Program This program is designed to meet the needs of professionals who are currently working. The aim of the program is to enable participants to become agents of change and implant new ideas into their organizations and the broader society. The program begins every September and is offered in English and Greek. The Professional MBA is a rigorous part-time program whose duration is 2 years. The program is completed within ten Terms. The duration of each Term is two months. In order to graduate, students must complete a total of 90 European Credit Transfer System units - ECTS units. Courses of 3.5 or 4 ECTS units are completed within 28 contact-hours over a two-month period. The program also offers a number of courses of 2 ECTS units that are completed within 14 contact-hours over a twomonth period. During the first seven Terms program participants must complete a total of 53 ECTS units, which constitute the core curriculum. The core courses introduce students to the body of knowledge of the various business disciplines, and provide them with the opportunity to improve business critical thinking. During Terms eight through ten, program participants must choose elective courses corresponding to 16 ECTS units from a list of courses which covers all fields of business administration. These courses provide students with the opportunity to customize their program according to their own professional needs and personal development, and further develop their strategic thinking. The last Term of the program is devoted to the development of the Applied Business Project (21 ECTS units). Participants of the program are expected to tackle a business problem from the industry using the tools and knowledge acquired during the program. The Applied Business Project is considered the epitome of the program. It is through this project that students will demonstrate their abilities as agents of change, introduce novel ideas and lead their organizations in today s dynamic business environment.
9 The Professional MBA Program Structure Term Period Course ECTS MBA 501 Business Computer Fundamentals Prep. August MBA 502 Introduction to Accounting Period MBA 503 Business Mathematics and Statistics September - October November - December January - February 4 March - April 5 May - June 6 7 September - October November - December MBA 531 Business Economics 3.5 MBA 561 Leading and Managing Organizations 4 MBA 511 Financial Accounting for Management Decisions 4 MBA 544 Business Statistics 3.5 MBA 521 Financial Management 4 MBA 542 Managing Operations 3.5 MBA 551 Marketing Management 4 MBA 572 Business Communications 4 MBA 512 Managerial Accounting 3.5 MBA 541 Methods for Management Decisions 3.5 MBA 543 Managing Information Systems 2 MBA 562 Corporate Social Responsibility and Ethics 2 MBA 564 Strategic Management 3.5 MBA 563 Entrepreneurship 4 MBA 522 Capital Markets and Investments 4 8 January - February Elective Courses 4 9 March - April Elective Courses 8 10 May - August MBA 590 Applied Business Project 21 Elective Courses 4 Total 90 Elective Courses for the Professional Program ECTS Accounting MBA 513: Financial Analysis and Capital Markets 4 MBA 514: Business Law 2 MBA 515: Taxation 2 Finance MBA 523: Options 4 MBA 524: Bank Financial Management 4 MBA 525: International Finance 4 MBA 526: Strategic Capital Budgeting 4 MBA 527: Risk Management 4 Operations Management MBA 545: Service Management 4 MBA 546: Supply Chain Management 4 MBA 547: Quality Management 4 MBA 548: E-Commerce 2 MBA 549: Project Management 2 ECTS Marketing MBA 552: Marketing Research 2 MBA 553: Strategic Marketing 4 MBA 554: International Marketing 2 MBA 555: Marketing Communications 2 MBA 556: New Product Development 2 MBA 557: Sales Management 2 MBA 558: Consumer Behavior 2 Management MBA 565: Human Resources Management 4 MBA 566: Leadership 4 MBA 567: Managing Change 2 MBA 568: Negotiations 2 MBA 569: Creativity and Innovation 2 MBA 570: International Business 2 MBA 571: Multi-Cultural Management 2
10 Why the University of Cyprus MBA? Vision: Our professional MBA program appeals to the leaders of tomorrow, who are committed to converting their vision into reality. Participate in a program that brings together high caliber individuals with diverse backgrounds. Access a network of decision makers who will bring about change and set business paradigms. Evolve as an adaptive and flexible leader that can pursue an international career path. Integration of scholarship with applied business knowledge. Interface with faculty that excels internationally in both teaching and research. Address real problems and deliver effective solutions in a culture of continuous quest for excellence. Be part of an intellectual community continuously seeking knowledge that can be applied for the improvement of business and society at large. Self-development through a rigorous personal and professional transformation process. Enhance your professional opportunities by building business expertise. Build key relationships that benefit your professional opportunities. Act as an agent of society transformation through the cultivation of a responsible and ethical way of thinking. Access well-developed support services for career advancement. Innovation is fostered through the encouragement of individual creativity and teamwork. Offering state-of-art balanced business education. Nurturing an entrepreneurial spirit. Cultivate innovation through intellectual curiosity. Seek innovative solutions to business problems through opportunities such as the Applied Business Project Sharpen your management abilities in a recognized program designed according to international standards in business education. Customize your program to enhance your professional needs and interests in small personable audiences. Acquire a business education that maximizes value and return on investment in the new university campus. Differentiate yourself through the adoption of an entrepreneurial mind set. Be part of a culture that enables participants to think outside the box Build your confidence to successfully launch new business initiatives.
12 MBA Program Department of Public and Business Administration School of Economics and Management University of Cyprus P.O. Box CY 1678 Nicosia, Cyprus Telephone: Facsimile:
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