The MBA program is composed of 64 credit units. The curriculum is designed to prepare graduates for competitive challenges of the global marketplace, technological and communication paradigm shifts, and the flexibility to adapt to rapid and abrupt changes in the business environment. The program also takes into consideration the unique economic conditions, the social mores, and the cultural needs of Armenia and the region.

The curriculum has 4 main components: the core courses, leadership development courses, concentration specific electives and general management electives. The latter set of electives provides students with rich flexibility to choose courses from area of leadership, operations management and data science.


  1. The MBA Core: The MBA core consists of required foundation courses in the major functional areas of business and a comprehensive study of the economic, political, legal, and social contexts within which the business enterprise operates. The MBA core gives students a firm understanding of the tools of general management and provides them with innovative techniques for solving managerial problems.

Students are required to take the following courses:

BUS305             Managing People and Organizations
BUS312             Legal Environment of Business
BUS313             Corporate Ethics and Responsibility
BUS320             Data Analysis for Business Decisions
BUS322             Managerial Economics
BUS330             Financial Management
BUS345             Financial Accounting
BUS346             Managerial Accounting and Control
BUS360             Marketing Management
BUS380             Operations and Process Management
BUS381             Management of Information Resources


  1. Leadership Skills Development: Recognizing that business leaders increasingly must draw upon a range of skills that do not fit entirely into any one functional area, the MBA curriculum offers several stand-alone skills development courses. These courses usually meet in small class size format allowing for a dynamic and personalized learning experience. Leadership development courses include:

BUS300             Introduction to International Competitive Strategy
BUS301             Effective Communications
BUS306             Managerial Negotiations (elective)
BUS308             Career Development Strategies


  1. Elective Courses: The MBA curriculum is flexible enough to allow students to pursue special areas of interest by selecting a variety of elective courses. The electives allow students to integrate the knowledge and skills learned in core courses and to customize their learning experience. With a variety of elective courses to choose from, students have the opportunity to tailor their program of study in a way that fits their career goals and aspirations.


Although students are not required to declare a concentration, the AUA MBA provides students with the opportunity to specialize in one of the three functional areas of Accounting, Finance or Marketing


Courses in Finance concentration:

BUS 332            Corporate Finance

BUS 338            Investment Management and Analysis

BUS 336            Management of Financial Institutions

BUS 339            Special Topics in Finance: Behavioral Finance


Courses in Accounting Concentration:

BUS 348            Financial Statement Analysis

BUS 353            Audit Control and Evaluation

BUS 351            Cost Accounting

BUS 355            Advanced Financial Accounting


Courses in Marketing Concentration:

BUS 373            Innovation Marketing

BUS 384            Digital Marketing

BUS 366            Advertising Management

BUS 365            Marketing Research

BUS 369            Special Topics in Marketing: Strategic Marketing

MBA students have the opportunity to choose electives outside concentration areas, which are designed taking into consideration the current and future demand of the contemporary business word. Courses such as Micro-foundations of Competitiveness in collaboration with Harvard Business School, Startups: Science and Practice, Data Mining for Business Decisions and Business Analytics, makes the program truly attractive for students with diverse academic and professional background.

MBA students have also the opportunity to take courses in other academic programs within the AUA and to have those units count toward their MBA degree requirements. However, prior to registration, students must obtain the approval of the program administration and the hosting department to ensure they meet the requirements of both departments.

Summary of the Program Structure:
Core courses 41 credits
Elective courses 23 credits
Total: 64 credits
Electives in Finance 14 credits
Electives in Accounting 11 credits
Electives in Marketing 16 credits
Electives in General Management 27 credits