Program name: English Master's Program in Business Administration
Study Level: Graduate
Program leader: Eka Gegeshidze
Study language: English
Qualification: Master of Business Administration
Program capacity: 120
Program permission: English language requirement (B2 Level) and other legal requirements. In particular, Georgian citizens must successfully pass Unified Post-Graduate Exam and For Foreign citizens and stateless persons who are graduate candidates who have lived abroad for the last 2 or more years and who have received the higher education academic degree certificate; Or students who had lived abroad for the last 2 or more years of study in a foreign country recognized in accordance with the laws of this country's institutions of higher education Or graduate candidates who are enrolled in higher educational institutions of "higher education" of the law in accordance with paragraph 3 of Article 52 (№ 224/N Ministry of Education and Science, December 29, 2011). English language competence of applicants is defined by the university through the university exams, with a minimum threshold of 70%.
Program goals: The main goal of the English Master Business Administration program is to provide competitive and highly-qualified Business Administration professionals equipped with modern multidisciplinary theoretical knowledge and creative and practical skills based on the requirements of international and local labor markets. The main goal of the educational program is to prepare Business Administration professionals who will be able to conduct research independently, think creatively, have deep and systematic knowledge of business administration principles and theories, do the critical analysis of organizations and the environment, assess strategic alternatives and develop and plan specific business strategies, conduct financial accounting both on the level of the whole company and the specific business process levels. Upon the completion of the program, the graduates will be able to get employed in senior management positions in banks, insurance, marketing, financial and other private and public sector organizations. They will also be able to set up companies of their own and manage them efficiently.
Methods for Attaining Learning Outcomes:
  • Lectures and seminars
  • Bookwork method
  • Explanatory method
  • Demonstration method
  • Video-audio teaching materials usage method
  • Interactive study
  • Situational problems
  • Role play
  • News analysis
  • Minor research
  • Practical work
  • Team work
  • Simulated performance
  • Problem setting and solving
  • Producing (small) more complicated research under the supervision
  • Critical analysis
  • Presentation and defense of discussion topics
  • Group assignments
  • Projects
  • Exercises on problem solving
  • Case study
  • Literature review
  • Critical self-evaluation
  • Constructive criticism of others’ work
  • Searching for materials electronically or in library
  • Writing method
  • Essay writing
  • Presentations
  • Oral method
Learning outcomes:
Knowledge and understanding
Graduate will be able to:

    • have deep and systemic knowledge of managerial aspects of economic theories and principles to make decisions in new and unforeseen circumstances;
    • have knowledge of mathematical and statistical models applicable to solve certain business administration problems related to forecasting, capacity planning, optimization strategy
    • have deep understanding of ethical and legal aspects of business;
    • have deep knowledge of methods of critical analysis of organizations and environment, modern instruments of assessment and modeling of situations, methods of assessment of possibilities of organizational development;
    • have deep systemic knowledge of methodology of evaluation of strategic alternatives and competitive business strategies to develop new ideas;
    • have deep knowledge of theoretical aspects of optimization to develop new original ideas about management process of business operations
    • have deep knowledge of cost classification, decision-making problems based on relevant information, price setting strategies and budgeting
    • know the finance coefficients to evaluate a firm's performance
    • have deep knowledge about how to solve problems in the capital budgeting process and modern methods of budgeting
    • know the main principles of project management and how to use them for planning business operations
    • understand the production capacity planning, quality management, location planning and supply chain management
    • have deep systemic knowledge of the means necessary for creating a safe working environment and solving problems related to ethical issues
    • have fundamental knowledge of the international economic relations theory and global economic events and processes that will help students identify new original ideas related to international trade
    • have understanding of strategic, innovative, entrepreneurial, financial, international, administrative, socio-psychological, cultural, ethical and other aspects of management.


  • Applying knowledge
    Graduate will be able to:

    • Construct economic models of behavior to solve complex business related problems in unforeseen and multidisciplinary circumstances using specific research methods and implement them in practice
    • Have leadership skills necessary for managing, planning, organizing, motivating and controlling business processes and the human capital inloved; 
    • Demonstrate efficiency while working both individually and in an interdisciplinary group to address specific and complex tasks
    • Establish the investment policy of a company, create and manage an investment portfolio
    • Manage their behavior in conflict and crisis situations;
    • Develop a strategic vision, make a business plan, allocate resources and draw an operational plan;
    • Plan and implement organizational changes in order to identify new ideas and ways of solving problems
    • Conduct marketing and other research independently using modern methods and approaches;
    • Make adequate decisions in critical situations to adapt strategic plans to a changing environment;
    • Have leadership skills to promote achievement of tasks and a positive working environment.
    • Process statistical results of research and determine statistical characteristics;
    • Identify complex problems in specific and unforeseen marketing environments to search creative ways for their solution;
    • Use appropriate mathematical and statistical tools to generate new and original solutions to business problems;
    • Maintain financial accounting and compile financial reports for sector specific economical operations;
    • Define and derive coefficients for result assessment;
    • Conduct cost accounting subject to specific business activity;
    • Prepare master and cash budget;
    • Find information on stock market instruments;
    • Manage investment projects and portfolios independently.


  • Making judgments
    Graduate will be able to:

    • Critically analyze complex, and sometimes incomplete, quantitative and qualitative data obtained as a result of research;
    • Make well-grounded conclusion based on analysis of statistical information obtained as a result of marketing or other research;
    • Predict sales, prices, etc. based on analysis and innovative synthesis of historical statistical data;
    • Use up-to-date information to analyze the environment and market forces, assess competitors, analyze strengths, weaknesses, opportunities and threats (SWOT) of a business;
    • Analyze financial reports and make appropriate conclusions about the financial state of a firm;
    • Make a conclusion based on the comparison of coefficients of a certain business unit with coefficients of the market, and have the competency to analysize and synthesize data;
    • Find optimal investment decisions based on the assessment of investment projects;
    • Independently analyze a specific investment climate and the main indicators of international trade to make a conclusion about the optimal exchange rate system for a particular country
    • Analyze budget and actual data and identify reasons of deviations;


  • Communications skills
    Graduate will be able to:

    • Present their own ideas in writing, orally and with the help of technical means in a form of presentation;
    • Describe research methods, models and assumptions, proceeding from the advantages of a selected method;
    • Prepare detailed a written report on job description using modern technology and present it the academic community.
    • Publish research papers and articles in compliance with standards and norms of academic honesty.


  • Learning skills
    Graduate will be able to:

    • Identify his/her professional interests, comprehend peculiarities of the learning process, identify needs for perfection of knowledge which will allow him/her to independently determine in which direction to continue professional development and strategically plan his/her learning process on the next stage of research
    • Continue independent learning using professional literature, academic journals and newspaper articles.


  • Values
    Graduate will be able to:

    • Have liberal-democratic values expressed with respect to individuals and property;
    • Consider values related to physical and intellectual property, and attitude of coworkers and partners towards them;
    • Consider personal and group responsibility issues, and the attitude of group members to the values
    • Participate in the process of forming liberal values that will shape values related to respect for private property and individuals
    • Consider the responsibility towards the society and the state, expressed in acting according to the law and norms of business ethics.


  • Date of approval: 10-31-2012
    Approval protocol number: 38-12
    Date of program update:
    Update protocol number: 46-14
    Program details:
    Teaching Process Characteristics: The length for graduate studies is defined as 2 years or 4 terms. The lecture consists of two parts, each of length - 60 minutes. At the university, classes are formed as from 25 students. The minimum number of students per group is 10.

    Program Core

    ECON0511Managerial Economics6 1
    FINA0511Financial Accounting6 1
    MGMT0511Operations Management6 1
    MKTG0511Marketing Management6 1
    STAT0511Business Statistics6 1
    ACCT0521Managerial Accounting6 2
    BUSN6200Master Thesis in Business Administration30 4

    Credits sum:


    Program Elective

    Student must take 54 ECTS
    BUSN0521Business Communications6
    ECON6110International economic policy6
    FINA0521Financial Management6
    LAWC0511Business Law6
    MGMT0521Organization Behavior6
    BUSN7779Case Study6
    COMM5110Public Relations Principles6
    FINA0611Trading Technics on Financial Markets6
    MGMT0611Strategic Management6
    MGMT0612Human Resource Management6
    MGMT0613Project Management6

    Credits sum:


    პრერეკვიზიტების მატრიცა

    Evaluation system

    Weekly review

    24 point / 24%;

    Research Paper

    16 point/ 16%;

    Midterm exams

    25 point / 25%;

    Final exam

    35 point / 35%

    Point GPA The university assessment   The general assessment in Georgia
    97-100 4,00 A+ A Excellent
    94-96 3,75 A
    91-93 3,50 A-
    87-90 3,25 B+   Very good
    84-86 3,00 B B
    81-83 2,75 B-  
    77-80 2,50 C+   C good
    74-76 2,25 C
    71-73 2,00 C-
    67-70 1,75 D+   D Satisfactory
    64-66 1,50 D
    61-63 1,25 D-
    51-60 1,00 E E Sufficient
    Not passed
    41-50   FX FX Insufficient
    <40   F F Failed

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