BUSINESS SCHOOL

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Master’s Program in Business Administration - Description

Middle and senior managers shoulder the responsibility for business decisions and outcomes. It is imperative for them to not only have an extensive understanding of their field, but to be able to adeptly evaluate contexts, make informed investment decisions, proficiently manage teams and projects, and demonstrate creative problem-solving skills in practical scenarios.

Similarly, mid-level business analysts and consultants share this responsibility as they influence, facilitate and prepare managerial and business decisions.

The Business School (ESM) Master's Program in Business Administration (MBA) has been in operation since 1996. The objective of the program is to create an environment for middle and high-level managers and analysts/consultants, which fosters a deeper understanding of business decisions and business management tools, improves their skills for context assessment and prepares them to readily respond to practical tasks and challenges.

Graduates of the Free University of Tbilisi Master's Program in Business Administration are known for their rapid career advancement. They achieve success in commercial, non-commercial, and public organizations both within Georgia and abroad. Additionally, many of them embark on successful entrepreneurial ventures.

Upon successful completion of the 2-year program, the graduate is awarded the qualification - Master of Business Administration.

Program Description

CURRICULUM

The curriculum consists of 120 credits distributed across 4 modules, designed to fulfill the program's objectives.

The first module serves an introductory purpose covering the fundamental subjects essential for business studies. The subsequent three modules include subjects necessary for acquiring theoretical knowledge, developing practical skills and mastering analytical research skills.

The program offers both mandatory and elective subjects. Free University of Tbilisi educational programs allocate a certain number of credits to elective subjects, thus allowing students the freedom to select subjects that better align with their interests.

Completion of the program requires students to prepare and present a diploma project. The project entails the application of acquired knowledge, problem identification, result-oriented decision formulation and utilization of research and analysis methods.

Curriculum

How to apply to the Master's Program in Business Administration ?

Who can apply?

Applicants with a background in any field of study are welcome to apply. To complete the application candidates must:

Overcome the minimum competence threshold for Unified Masters Examination
Have at least two years of work experience (which demonstrates management experience)
Have at least intermediate level English language competence
Be proficient in Microsoft Office programs (Word, Excel, Power Point) at a working level

Admission Procedure

Registration on the National Examination Center website (naec.ge)
Passing Unified Masters Examination
Registration on the Free University website
Interview at the Free University of Tbilisi

Selection Criteria

During the admission interview, candidates undergo evaluation of their critical and logical thinking skills, rooted in both quantitative and qualitative situation analysis, as well as assessment of their personal attributes. These assessments determine the candidate's motivation, leadership capabilities, and effective communication skills, all of which are vital prerequisites for business administrators.

The coefficient of the score obtained in the Unified Masters Examination is 0, and the coefficient of the interview of the Free University is 100.

Tuition Fee

For the 2024-26 academic year, the master's program fee is 4 quarterly payments of 1650 * 3 (variable) = 4950 GEL.

The master's student chooses the tuition payment scheme when signing the contract:

Four equal payments according to the basic payment scheme
Unequal monthly payments

About The Business School

ESM (European School of Management) established in 1992, was integrated into the Free University of Tbilisi as a Business School in 2007.

The Free University of Tbilisi Business School is a flagship institution for business education in Georgia, boasting a stellar reputation both locally and across the wider Eastern European region. Graduates of the school hold prominent positions at local and international enterprises and lead various strategic projects.

The Business School (ESM) offers the following undergraduate and graduate programs:

Bachelor’s Program in Business Administration
Master’s Program in Business Administration (MBA)
Master’s Program in Operations Management (MBA in OM)
Master's Program in Finances (MF)

Each program is accredited in accordance with Georgian legislation.

The Business School's decades-long successful operation is evidenced by the achievements of its graduates, who:

Continue their studies at some of the world's leading universities (Massachusetts Institute of Technology, Stanford University, Harvard University, Emory University, University of California, University of Pennsylvania, Cornell University, University of Chicago, Parsons School of Design, London Business School, Oxford Brookes University, ESADE, etc.).
Occupy leadership positions in prominent Georgian companies and establish successful startups.
Secure employment at renowned global corporations (Meta, Google, EY, Goldman Sachs, Fox Entertainment, VISA, Solarisbank, McKinsey & Company, Uplift DAO, etc.).