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Воскресенье, 19 Сен 2021

MBA in Prague and the Czech Republic

Not so long time ago MBA program would hardly be found in the Czech Republic. Nowadays, MBA is a modern and prestigious degree which adds value to your professional carrier and helps you become more attractive on the job market. Now, there are plenty of universities that offer MBA studies in Prague and Brno. Top level executives, young ambitious managers, successful entrepreneurs and full-time mums are all studying for an MBA – but what is it? We will give you a simple explanation of the different types of MBA programs and some options of where you can study MBA in Prague or the Czech Republic.

The MBA, or Masters in Business Administration, is a graduate degree designed to provide students with knowledge of business practice. The degree originated in the United States in the late 19th century and today is offered by business schools and universities around the globe.

 

How to choose MBA program?

Delivered in a range of formats, from part-time to full-time, modular to distance learning, the MBA is typically one year (European programs) or two years (US programs) in length. Business schools have been quick to recognise the different needs potential MBA candidates have and are therefore adapting their MBA courses to suit more people’s lifestyles. As a result, an increasing number of variable types of MBA will likely be offered in the future.

As well as providing students with an insight into business practices, MBA programs tend to feature a core set of specializations, such as finance, marketing, strategy, operations and project managment. Thereafter, students can often take electives in specializations they are interested in, such as leadership or entrepreneurship. The MBA is a general management degree but it is possible to specialize in, for example, a project management MBA, or strategy MBA.

Most MBA programs are accredited at a local and international level. There are three major accreditation bodies – AMBA, AACSB and EQUIS. These have been set up to ensure there is a level of consistency and quality across all graduate business qualifications that are being offered throughout the world. Candidates considering an MBA degree are advised to avoid unaccredited MBA programs.

While MBA courses seem extremely expensive at first. In the Czech Republic, the cost of MBA program is lower than in most european countries. MBA tuition begins at 10 000 EUR to 35 000 EUR for and Executive MBA. Students are guaranteed a high return on investment. Most MBAs will find a marked increase in salary after graduating and will see their salary grow incrementally higher than those without MBAs. The course, on average, pays for itself after around four years.

Types of MBA

Full-time MBA

The full-time MBA is very simular to one-to-two years of full time graduate study. Students attend weekday classes at a business school and dedicate most of the time studying for the degree. There is very little, if any time, for additional work, travel or leisure activities. This is why it is so important to get family support when embarking on an MBA degree. Two-year MBA programs are common in North America. They allow students to become immersed in their studies and often provide a period of time to embark on an internship.

One-year MBA programs are the norm in Europe. These programs are incredibly intensive and time-consuming as everything is taught within 12 months. There is no opportunity for internships but it does mean students are only out of the workforce for one year.

Full-time MBA programs are suitable for students with one-to-two years of work experience.

Part-time MBA

The part-time MBA degree is a program studied during evenings or over weekends.

Executive MBA (EMBA)

Executive MBA (EMBA) programs are designed for the working professional with five or more years of work experience; however, the minimum work experience required does vary. Business schools expect EMBA students to have a high level of managerial experience and as a result, EMBA candidates are usually more mature than their full-time MBA counterparts. Executive MBA programs are delivered over a period of 12 to 24 months and allow students to study while they work. As such, students on an EMBA program require full support, and in many instances financial assistance, from their organization. Employer buy-in is crucial to EMBA students as this ensures they can attend the course on a regular basis. EMBA classrooms are made up of a range of candidates with varying backgrounds including industry, non-profit, government and entrepreneurs. The EMBA is also increasing in popularity as a qualification among women due to its flexible nature.

UNUVERSITY NAME DIMPLOMA AWARDED BY SPECIALISATIONS TYPE OF STUDY START OF THE PROGRAMME TUITION FEE
IN CZK
TUITION FEE IN EUR discount / scholarship
University of Northern Virginia in Prague University of Northern Virginia MBA in Project Management; MBA in Finance; MBA in Marketing; MBA in General Management 18 -month weekend program October 266700 Kč € 11112 variety of scholarships, see our section "win a scholarship"
Anglo-American University in Prague Argyros School of Business and Economics (ASBE), Chapman University, USA MBA 16-month weekend program October 430000 Kč € 17917 if paid before August 31, then 5% discount will be offered
Merit - based Scholarship GPA, Discount level
3.9 - 4.0 100%
3.8 - 3.9 70%
3.7 - 3.8 50%
3.6 - 3.7 30%
3.5 - 3.6 10%
University of New York in Prague Institut Universitaire Kurt Bosch. MBA in Management; MBA in Marketing; MBA in Sustainability Management; MBA in Banking; MBA in Management of Information Systems; MBA in Human Resources Management 19-month study weekend program October 325000 Kč € 13542 variety of scholarships, see our section "win a scholarship"
Tiffin University in Prague Tiffin University MBA October 288000 Kč € 12000 n/a
University of Pittsburgh in Prague University of Pittsburgh Executive MBA 18 months, Modules are taught from Wednesday to Sunday, once a month. February 875000 Kč € 36458 variety of scholarships, see our section "win a scholarship"

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