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 entering the first semester of the program. Quantitative Methods can be waived through a Placement Test.

The program curriculum has three 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:

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.

Finance & Accounting concentration: Required *, Elective **

BUS 332             Corporate Finance *
BUS 348             Financial Statement Analysis *
BUS 336             Management of Financial Institutions **
BUS 338             Investment Management and Analysis **
BUS 339             Special Topics in Finance: Behavioral Finance **
BUS 351              Cost Accounting **
BUS 353             Audit and Evaluation Control **
BUS 355             Advanced Financial Accounting **


Note: The requirements for the Finance and Accounting concentration are: two required courses and at least three additional electives within which at least one course in Finance and at least one course in Accounting listed above.

Business Analytics concentration: Required *, Elective **

BUS 321             Data Mining for Business Decisions *
BUS 378             Business Intelligence *
BUS 365             Marketing research **
BUS 324             Business Analytics **


Note: The requirements for the Business Analytics concentration are: two required courses and at least two additional electives listed above.

Special Note: Business Analytics courses outside of MBA at CBE or AUA level can be counted towards the Business Analytics concentration on a case by case basis.

Marketing Concentration: Required *, Elective **, Required but possible elective ***

BUS 365             Marketing Research */***
BUS366             Advertising Management **
BUS370             Special Topics in Marketing: Strategic Marketing **
BUS369             Special Topics in Marketing: Price competition **
BUS373             Innovation Marketing **
BUS384             Digital Commerce **


*** Marketing Research is a concentration required for Marketing concentration but a possible elective for Business Analytics.

Note: The requirements for the Marketing concentration are: one required course and at least three additional electives listed above.


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:

BUS300             Introduction to International Competitive Strategy
BUS306             Managerial Negotiations
BUS307             Human Resource Management
BUS309             Special topics in Management: Innovation, Creativity, and Design Thinking
BUS310             International Business Management
BUS312             Legal Environment of Business
BUS317             Leadership
BUS382            Supply Chain Management
BUS390            Entrepreneurship Innovation and Incubation
BUS391             Start-up Management

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)
BUS377             Venture Capital Management 
BUS 385            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.

MBA Concentration Declaration Form


Summary of the Program Structure:
Core courses 22 credits
Elective courses 30 credits
Total: 52 credits

Timeline of the program

Suggested structure
24 months  Regular length, 28 months 36 months
Fall 1 8 8 8
Spring 1 8 8 8
Summer 1 6 6 6
Fall 2 11 8 8
Spring 2 11 8 8
Summer 2 8 6 4
Fall 3 0 8 6
Spring 3 0 0 4
Total credits 52 52 52