Professional MBA Entrepreneurship & Innovation

Organisation:
WU Executive Academy
Ort, Bundesland, Land:
Vienna, Vienna, Austria
Typ:
Part-time
Certificate:
MBA
Duration:
3 Semester
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Programme

Conducting business in an entrepreneurial way and having the capacity for innovation are the most important competitive factors in many sectors. Today, the existing economic structures are altered through innovation. Companies failing to rise to this challenge disappear from the market place. The ability to seize entrepreneurial opportunities will become a key qualification for executives and managers.

The specialization in Entrepreneurship & Innovation ("Additional Accreditation: FIBAA") communicates the appropriate skills and techniques teaching entrepreneurial thinking and acting. It is particularly at the interface between economics and technology that there lies a great deal of unexplored potential.

In the course of the part-time Professional MBA with specialization options, participants gain profound insights into core business subjects and a specific field or industry.
During the program, participants master the “Business Core” focusing on core business and management knowledge, techniques and leadership, while ensuring a maximum flexibility to foster their individual needs and ambitions during the “Specialization” modules.

Univ.Prof. Dr. Nikolaus Franke
Academic Director, WU Vienna

Target audience

Students’ diversity is essential for the quality of the Professional MBA Program. Therefore, we carefully select all our MBA participants considering cultural and academic background, skills and work experience.
  • Executives, who have positioned themselves as innovation leaders, or who wish to do so in the future
  • Engineers, scientists and specialists in product marketing or product controlling with managerial experience
  • High-potentials aiming at preparing themselves for an innovation-orientated managerial function
  • Aspiring and current entrepreneurs with a technological background

Emphases/Curriculum

Business Core:
  • Managing People
  • Managing Organizations
  • Competitive Analysis and Strategy
  • Data Analysis and Decision Making
  • Financial Reporting
  • Financial Management
  • Operations Management
  • Controlling
  • Marketing Management
  • Global Markets
  • Information Systems Management
  • Managerial Economics
  • Entrepreneurship and Innovation
  • Leadership
  • Ethics and Corporate Social Responsibility
Specialization:
  • Sources of Innovation
  • Strategies of Innovation
  • Marketing of Innovation
  • Organization of Innovation
  • Financing and Controlling of Innovation
  • Entrepreneurial Leadership
Master Thesis

Duration of the program: 18 months plus master thesis, blocked modules

Admission/Entrance requirements

 
Total fees approx.: € 25.000  
 
Tuition Fee:
  • Including course materials, catering during the modules.
  • Lodging and travel expenses are not covered by the program fee.
  • The program fee is exempt from VAT according to § 6 paragraph 12 Austrian Value Added Tax Law.
  • Employees and self-employed persons save up to 50% of the program fee: Up to 50% of the total program fee are fully tax deductible and will be refunded if the respective program is job-related.
Application Requirements:
To apply for the Professional MBA, you must meet the following requirements:
  • Undergraduate degree, equivalent to a bachelor degree
  • Minimum of three years of relevant work experience
  • Proficiency of written and spoken English
  • Completed application forms
  • Curriculum Vitae
  • Two letters of recommendation
Each Professional MBA participant is expected to have a personal computer and be familiar with MS Office software.

Admission Criteria:
  • Solid career progression
  • Management and leadership skills
  • Ability to commit to a challenging program
  • Interpersonal and communication skills
  • A clear career vision
  • Ambition and drive
The structure of the program and close collaboration in study groups encourages long-lasting business contacts and friendships.

Application Deadline:
Since the program often fills to capacity, please submit your application as soon as possible. Qualified applicants are admitted on a rolling basis. Application deadline is June 30.

A non-refundable deposit of €1.000,– is requested upon admission to reserve a seat in the program. The rest of the tuition is due at the start of the program.

Place of study: Vienna (Austria) and Boston Area (USA)

Start of the program: Fall, annually

Languages

Language(s) of instruction: English
Going abroad: possible
  Studytrip to the USA (Boston Area: MIT, Harvard Business School)

Information material

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Information material
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Organisation

Exclusive Learning Environment
Most modules of the Professional MBA take place at the historical halls of Palais Liechtenstein. Located at the very center of Vienna, Palais Liechtenstein is only 30 minutes away from the Vienna International Airport.

This outstanding location meets the highest international standards of executive education requirements and provides state-of-the-art technology, combining modern didactic design with a unique historical atmosphere. Moreover, Palais Liechtenstein is home to the famous Liechtenstein Museum displaying selected masterpieces from the Princely Collections in Vaduz, Liechtenstein.

Study in Vienna

Vienna, the historical capital of the Habsburg monarchy for over six centuries, is a vibrant and exciting place to live and study and is an impressive repository of culture and heritage. According to the Economist, it is the third most livable city in the world due to its exceptional safety records, education quality, recreation possibilities and political-economic stability.

Vienna offers a perfect blend of imperial traditions, nostalgic charm and stunning modern architecture. A walk along the Ringstrasse boulevard with its splendid buildings and historical palaces is an indescribable experience. Vienna is home to one of the world’s leading opera houses and is internationally acclaimed for its cultural and social events such as the New Year's Concert of the Vienna Philharmonics and numerous balls. After visiting some of Europe’s finest museums, traditional cafés are a good place to relax and experience the typical Viennese charm.

Course guidance/Information

Mag. Regina Tschurtschenthaler
+43 (1) 313 36-5405
WU Executive Academy
Nordbergstraße 15
1090 Vienna
Austria
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