Accredited by the Association of MBA’s since 2005, the IUM Online Executive MBA has been recently modernized both in its distance learning component – that now benefits from state of-the-art technology with a highly interactive distance learning platform – and in its integrative residential sessions in Monaco that make the program a unique academic, personal and networking experience.
The IUM Online EMBA program offers a comprehensive selection of courses to help you reach your potential to become a top business manager with a deep understanding of today’s important managerial challenges. The program integrates a carefully structured curriculum of distance learning with four on-campus, residential weeks to allow students to hold a full time job while pursuing their graduate degree.
An accelerated pace, whereby the degree can be completed in 12 months, is possible by taking two online modules simultaneously.
There are three, one week residential sessions in Monaco.
In the online modules, participants interact with their instructors and classmates via a sophisticated and user friendly e-learning platform and engage in both synchronous and asynchronous learning activities. Participants are expected to make a significant learning effort during the online period and should plan to spend approximately 10-15 hours per week outside of class for study, class projects, reading and preparation.
The on-campus sessions: Over the two year program, four unique residential week sessions in Monaco are offered to students, who are required to attend at least three. These weeks are designed to offer a completely different learning, and networking experience. These weeks occur in April and in October.
Whereas some subjects can be very effectively taught online, others –those which engender debate or require real time group work, or which revolve around the “soft” skills—are definitely best offered in the offline environment. Accordingly, our residential weeks are specifically chosen to encourage interactive group dynamics and enhance career and personal development skills. The activities during the on-campus sessions include workshops, guest lectures by business professionals and field specialists, applied integrative projects and a business simulation.
Each residential week is designed around a theme which reflects Monaco’s economic dynamism and commercial realities. These include Managing in the Luxury Sector; Entrepreneurship and Innovation; International Challenges; and Leadership.
The IUM Executive MBA will transform your career in ways that extend far beyond traditional measures of return on investment.
The degree you earn will position you to advance your career, and will provide added value for both you, and your organization. You will improve your analytical, decision-making, implementation, and presentation skills, and develop a new way of thinking that will become integral to everything you do.
On completing the Online Executive MBA you will:
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.
Please note that this list is not exhaustive and subject to change
This course present 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.
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.
The course provides students with an overview of the field of financial and managerial accounting 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 constitutes 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 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.
This course focuses on organizational behavior (OB) and human resources management (HRM). 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.
The course covers the basics of classical statistics and data analysis including summary 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 chi-squared 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.
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.
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 examination.
Each student will be challenged to understand these potential impacts and how this can and certainly will affect various sectors.
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.
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.
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 relationship.
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 world-wide 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 multicultural backdrop.
Given their extensive professional career experience and career aspiration, Monaco EMBA students enjoy a unique and customized Career Development program. The overriding aim is to develop skilled, competent, and socially conscious leaders with a great degree of self awareness and the confidence to reach the next echelons in their careers, or in their own businesses.
Subjects include: learning agility; finding and assessing your leadership style; transformational leadership; situational leadership. A dedicated Executive Coach is made available to EMBA participants to guide them either in their career tracks, or in further growing and developing their businesses or family firms.
We encourage you to discuss your financial options with those in your entourage that may provide support while you attend school, to select the financial resources that best fit your needs.
Most students rely on multiple funding sources typically including:
The school scholarship committee gathers once a month to evaluate the candidates based on several criteria, such as, among others:
The scholarship does not cover the entire tuition costs but is there to encourage students who show great potential.
Anyone can apply to the scholarship. Please contact the admissions office for more information regarding the application process.
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.
Teaching is based on presenting course material in a way that combines theory with pragmatic examples while at the same time discussing the different international views and latest trends.
In each module, the best books and most relevant articles are provided to permit you to get to the point immediately. Learning can be applied immediately in your day to day work, for example I already began applying the SWOT analysis by requesting that each of my teams state precisely the facts and actions they will take.
The program offers highly skilled teachers who keep in touch with the students even after the end of the modules. The rhythm of homework is adapted to the courses, and homework assignments are diverse, going from forum discussion to capstone projects; you don't get bored!
The online learning permits you to more easily manage your professional and personal life while at the same time being part of a very rewarding experience.
I thought that with the elearning it would be difficult to make connection with other students, but in fact we chatted very quickly all together!
I am currently studying on the Executive MBA online program and I believe that I will gain a lot of new knowledge from IUM's high-quality teachers. This online platform works amazingly well, allowing us to discuss, chat and share our opinions with professors and classmates individually or in front of the whole class. It feels like being in a real classroom, rather than online from the comfort of your home.
I come from Croatia and am currently working in Bulgaria. My classmates are from Russia, Switzerland, Monaco, Moldova and France and we are working on our group projects and also discussing projects through the Forum discussions included in the online platform.
We have also exchanged information about our careers, profiles, areas of expertise and interests through the Executive MBA online platform. I believe that the uniqueness and richness of this EMBA comes exactly from this international and cultural diversity.
IUM was the best thing that could happen to boost my career. Networking is amazing in Monaco as Monaco links the globe together! It will stand out on any CV.
The Executive MBA is very unique program designed especially for hard working executives who have limited time to attend lectures in real business life but, on the other hand, are also very well organized to finish projects on time. I can say that it really is a unique experience for every student.