MBA Program Structure – College of Business and Economics (CBE)  

MBA Program Structure


The MBA program is composed of 52 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.

Admitted students are required to take Effective Communication and Quantitative Methods courses in August, before to enter the first semester of the program. The program curriculum has 3 main components: required (core) courses, concentration specific electives and general management electives.

1. Required courses. 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:

BUS300             Introduction to International Competitive Strategy
BUS305             Managing People and Organizations
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

2. 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.

2.1. Concentration specific electives. 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 Finance & Accounting, Business Analytics and Marketing.

Courses in Finance & Accounting concentration:

BUS 332            Corporate Finance (required for the track)
BUS 348            Financial Statement Analysis (required for the track)
BUS 338            Investment Management and Analysis (Finance major)
BUS 336            Management of Financial Institutions (Finance major)
BUS 339            Special Topics in Finance: Behavioral Finance (Finance major)
BUS 353            Audit Control and Evaluation (Accounting major)
BUS 351            Cost Accounting (Accounting major)
BUS 355            Advanced Financial Accounting (Accounting major)


Courses in Business Analytics concentration:

BUS 321            Data Mining for Business Decisions (required for the track)
BUS 383            Business Analytics
BUS 378            Business Intelligence
BUS 365            Marketing research


Courses in Marketing Concentration:

BUS 365            Marketing Research
BUS 373            Innovation Marketing
BUS 384            Digital Marketing
BUS 366            Advertising Management
BUS 369            Special Topics in Marketing: Strategic Marketing
BUS 369            Special Topics in Marketing: Price competition


2.2. General electives.

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:

BUS306             Managerial Negotiations
BUS308             Career Development Strategies
BUS390             Entrepreneurship, Innovation and Growth


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


BUS327             Micro-foundations of Competitiveness (in collaboration with Harvard Business School)
BUS391             Startup Science
BUS377             Venture Capital Management
BUS 305            Project Management


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 22 credits
Elective courses 30 credits
Total: 52 credits

Timeline of the program


Suggested structure
Regular length, 28 months  24 months 3 years
Fall 1 8 8 8
Spring 1 8 8 8
Summer 1 6 6 6
Fall 2 8 11 8
Spring 2 8 11 8
Summer 2 6 8 4
Fall 3 8 0 6
Spring 3 0 0 4
Total credits 52 52 52