Master of International Business – Central European Business Realities

22 Jan

One of the first master´s degree programs taught in English at the University of Economics, Prague (VŠE) is the Master of International Business – Central European Business Realities program (IB).

The high quality of the IB program and its IB diploma has been internationally attested through the EPAS accreditation of the European Foundation of Management Development and through the second position among all the business and management master´s program in the Central and Eastern Europe by the Eduniversal Business School rankings.

The IB Program is operating for the 15th academic year and despite its exclusivity, its worldwide alumni network covers about 330 contacts. The IB Program examines the specifics of the Central European business environment within the framework of the increasing trends of globalization and at the same, it provides students with a comprehensive business education in the main fields of economics, management, finance, marketing and negotiations.

The objective of the IB program is to prepare professionals highly specialized in the fields of management and leadership within the multicultural entrepreneurial environment. It ensures for its graduates an in-depth knowledge as well as soft skills reflecting both global and specific Central European economic and business trends. The program is suitable for students with the ability to think both theoretically and analytically, and those who has ability and flexibility to apply the acquired knowledge in practice. The study requirements include a bachelor degree from previous education, advanced knowledge of English, understanding of international processes in their complexity, effective team-work ability and motivation to work in the international, multicultural environment.

Graduates are equipped with strong management abilities, including an interdisciplinary approach to the management of complex processes in the European and namely Central European markets. They are able to bridge and apply the theoretical approaches in practical applications, to analyze regional European markets in connection with their national and historical connotations and in global framework, to develop sustainable business strategies tailored to European realities, to consider the financial aspects of their decisions and to successfully apply intercultural differences in various negotiations and human resources management.

A very unique aspect of the IB Program is its double degree program. Students are offered the possibility to spend their second academic year at one of our eight double degree partner universities; these include the Management Center Innsbruck (Austria), Vaasa university (Finland), Lappeenranta University of Technology (Finland), University of Lyon Business & Management School (France), University of Applied Science in Mainz (Germany), SGH Warsaw (Poland), Linnæus University (Sweden), and International University Geneva (Switzerland). Students who complete all the requirements may graduate with degrees (a double degree) from both the Czech and host universities. IB students are also eligible to apply for one semester exchange program opportunities if they are interested, at all of the 230+ partner universities of the University of Economics, Prague. Regardless of where IB students choose to spend their second year of studies, all IB students including incoming double degree students benefit from being thoroughly integrated into a highly international study environment at the University of Economics, Prague. A strong aspect of the IB Program is its highly diverse student body and worldwide alumni network.

To complete the program, students must pass a study load of 120 European Credits (ECTS). The IB Program offers courses within the sphere of international business, including economics, finance, marketing, business strategies, international trade, management and intercultural negotiations. There are also language courses within the curriculum as well as a business practices specialization; in addition, students may choose from several electives according to their particular area of interest.

With regard to the IB admission procedure, the program is designed for students from all over the world who have completed their bachelor’s education. Previous education in business is an advantage but is not obligatory. Excellent English is required and must be proven by an appropriate language certificate. Applicants complete an entrance exam in long-distance form. They are required to send an essay in English on a given economics issue and a letter of motivation. The tuition fee is 3 600 EUR per academic year.

The application deadline for the 2018/2019 academic year is April 30, 2018.

For more details on the IB program and contacts, please, visit