Foundations with e-Learning – deepening and practice transfer in face-to-face training:
Eight e-learning modules – didactically edited and focussed on relevant content for career development – provide all necessary foundations to successfully deepen theory during the face-to-face blocks and to relate it to practical experience. The experience of lecturers and other students are of high importance and valuable to each participant. The success of this blended learning system is based on excellent knowledge transfer and on practice transfer – only the application of knowledge ensures understanding for complex correlations and sustainability.
The course duration is designed for 14 months. Within the first 12 months all modules are completed. Subsequently a term paper must be written within 2 months in order to receive the academic degree MBA after 14 months.
Start of studies/number of participants:
Studies start in March and September if at least 14 participants have registered to ensure enough diversity among the students. The maximum number of participants is limited to 25 persons in order to ensure a certain level of quality during face-to-face tuition.
Students of the course „MBA General Management“ are considered extraordinary students at the university of applied sciences Burgenland. They are granted the academic degree „Master of Business Administration“, or short „MBA“.
In order to ensure high quality standard learning content, lecturers and course administration are regularly evaluated by students in regard to relevance, didactics and organisation. Measures are deduced from these results as our quality assurance is integrated into the quality management system of the university of applied sciences Burgenland.
Study without matura:
In order to be able to access high quality education studies without matura is possible. You are required to have at least three years of professional experience and passed a expert degree course lasting 3 semesters, though. Alternatively you might want to pass a standardized wirtten extrance test.
With 3 face-to-face phases on 12 days we have narrowed the expenses for attendance and travel. By including the weekends into the phases each student should be able to finish his studies with the usual holiday entitlement as there is no need for additional days off.
You can flexbibly adjust your studies to your professional life. Blended learning also offers the possibility to parents or persons with caregiving duties to combine studies and upbringing of children.
Allow practitioners of the financial area to move on by combining current knowledge of financial management and leadership and effective teaching methods – blended learning, a mixture of e-learning modules and face-to-face blocks.
The step from lower management to leading positions requires to expand the existing skills with a view to larger connections. Furthermore executives must be strengthened and enabled to initiative and independance. Surveys among managers and entrepreneurs show that these aspects are considered the most striking obstacles in regard to individual and corporate development.
This course aims at employees from lower management positions in industrial companies, NPOs and NGOs from finance-related functions (Accounting, Controlling, Treasury, etc.), to allow them the promotion to leading positions.
Course name: Master of Business Administration (MBA) Finance
Course language: The course is offered in German and English.
- E- Learning & learning experiences in groups – Blended e-Learning
This course on didactically clear and understandable e-learning modules. It combines the flexbility and time economy of e-learning (which is vital for working students) and common experiences from face-to-face tuition and group work. Especially in regard to adult education it is important for the professional and personal development of students to to able to exchange their experiences with colleagues from across all branches. Thus the course is divided into classes cohorts in order to use the energy of the group for learning success and endurance. The e-learning modules and the tests prior to each face-to-face blick ensure the high quality of the discussions.
- Project work & project report on scientific basis
The written term paper is the treatment of a practical case. The students must use their newly obtained knowledge – in a scientifically understandable manner – on a compex situation from practice and explain their concepts and planning within a professional report and presentation. This practice-oriented paper also addresses the needs of working students who want to obtain profound knowledge in scientific theory and directly apply it to professional problems in business practice.
Michael P. Schermann, Mag. PhDr. Ehrenprofessor.
Managing partner/CEO E-Learning Consulting GmbH
Industriestraße 26 Top 4, A- 7400 Oberwart & Stadiongasse 5/2A. 1010 Wien
Master of Business Administration
Blended Learning – E-Learning and focused face-to-face trainings
Duration: 14 months
Extent: 60 ECTS
Course fees: 9.900 €
This course is offered in cooperation between the university of applied sciences Burgenland, the AIM (Austrian Institute of Management GmbH) and ELC (E-Learning Consulting GmbH).
Structure of the course MBA Finance
|Module name||ECTS *)||1||2||3||Test|
|Academic Research & Leadership||6||25||40% Exit Test|
|60 % TP Leadership|
|Financial Accounting||6||10||40% Entry Test,|
|60% TP Bilanzanalyse Case|
|Managerial Accounting||6||10||40% Entry Test,|
|60% TP Cost center accounting|
|Controlling & Business planning||6||15||40% Entry Test,|
|60% TP Business Planning + Sensitivity analysis|
|Financial Management||6||10||5||40% Entry Test,|
|60% TP Investment, Financing & Corporate Finance|
|International Accounting Standards||6||20||40% Entry Test,|
|60% TP Balance sheet analysis according to IFRS|
|Strategic Management||6||10||40% Entry Test,|
|60% TP Strategy and BSC|
|Risk Management & Value Based||6||10||40% Entry Test,|
|Management||60% TP Risk Management and VBM|
|Project work (instead of MT)||12||Strategy, BSC, Business plan, Cost center concept, Balance sheet analysis, Company evaluation|
|Tests (Entry Tests)||5||5||10|
*TP= term paper
|Module name||Conveyed knowledge and skills|
|Academic Research & Leadership||The participants understand and conrtol the basic requirements of scientific word and understand the differnt problems of financial sectors as well as their effects on each other and other areas of business activity. Furthermore they will learn to use the tools for employee leadership.|
|Financial Accounting||The participants understand the system of double-entry accounting and will learn to develop and implement accounting stratigies. They will be able to analyse and interpret balance sheets and will be explained how to take appropriate measures.|
|Managerial Accounting||The participants know understand the essential methods of cost accounting (cost-type, cost center and cost unit accounting) in order to analyse, define and shape price and cost developments.|
|Controlling & Businessplanning||The participants will learn to use the tools of operational controlling and how to design, coordinate, supervise and implement the process of business planning.|
|Financial Management||The participants can determine the financial requirements of a company, are able to design and evaluate financing models and will learn how to aquire necessary capital in financial marktes.|
|International Accounting Standards||The participants will develp a deepend understanding of accounting and evaluation standards according to IFRS. They will be able to analyse and evaluate IFRS-statements as well as understand and critically asses their content.|
|Strategic Management||The participants are able to systematically develop a business strategy and control the implementation of the strategy by a specific indicator system.|
|Risk Management & Value Based Management||The participants have developed an in-depth understanding of risks and how to determine and evaluate them. In addition they will know the advantages and limitations of “value based management” and will be able to determine financial expectations of shareholders and how to satisfy them by means of strategic planning.|
The courses comprise of compact modules and show aspects of blended learning and group coachings. You will prepare for the face-to-face tuition using our online platform, deepen your knowledge during the face-to-face blocks and will intensify the newly obtained skills during the rework phase.
Step 1 – Preparation
In regard to module content students generally prepare using our online platform. Here they will find extensive support: their learning progress can be self-evaluated by continuous multiple choice tests. Furthermore many practical examples are used to prepare for extensive praxtice-oriented case studies. In order to ensure optimal preparation there is the possibility to interactively communicate with the respective lecturer and other students. For this a hotline and subject-specific chat rooms exist.
Step 2 – Entrance test
At the beginning of each face-to-face blick an entrance test with multiple choice questions will be conducted in order to ensure that all students have the same level of knowledge.
Step 3 – Face-to-face phase
After preparation the face-to-face tuition takes place which concentrates on important correlations and practical aspects that will contribute to the successful passing of the term paper. The term paper which is mainly desgined as homework must be completed before the beginning of the next face-to-face phase in order to ensure that students have enough time for preparation. During these phases the professional and methodical skills are applied to problems of business practice. Students benefit from the expert knowledge of the lecturer and experience exchange with fellow students. Another important aspect of the face-to-face blocks is the improvement of communicative and social competences.
Step 4 – Rework
Students receive examples and case studies that will help ensure their learning progress and reflection capability in regard to applying to practice what they learn. The use of the new knowledge is supported by several business games and case studies from practice. These case studies will cover all relevant aspects from the creation of business plans and decision-making systems to strategic instruments of planning and practice-oriented systems like the Balanced Scorecard. Case studies will directly connect to the problems of daily business practice. Thus all case studies are based on anonymized data of existing companies. They are introduced and solved step by step by means of Microsoft Excel. The students will benefit from the fact that Excel clearly displays all linking and functions which allows the participant to understand the case at a later point. Case studies must be handed in as homework (8 ones) and require a workload of about 40 hours. These homeworks can earn 30 points each (=60%, of 50 points). Thereof 4 points can be earned by meeting the standards of scientific work and 4 points by stylistic expressiveness (intelligibility, precision, shortness, etc.). Each homework must be introduced by an executive summary which explains the essential results of the homework within a maximum of 2 pages.
In summary students have access to the following methods:
- Blended learning with group coaching
- Interactive technology-based blended learning lecture notes
- Videos with summaries, explanations and interpretations
- Animated and dubbed slides
- Multiple choice questions to evaluate learning progress
- Complex case studies:
- To apply the learned knowledge case studies are used. These case studies reproduce existing companies from different branches. In regard to operational topics most case studies are based on MS Excel. These practice-oriented case studies are introduced and solved step by step based on different problems.
- Due to complex correlations sensitivity analyses can be used to deduce possible actions suitable for business optimization.
- The case studies are supposed to ensure that theory is applied in practice-oriented manner.
- Instruments for solving the term paper
- Online video consultations during the phase of distance learning
- Hotline during the phase of distance learning (with guaranteed call within 24 hours from Monday to Friday)
- Online chat with lecturers and students
- FAQ area
- Credit system as motivation and benchmark
- Control of chapter progress
- Results of MC tests and self-evaluation of examples
- Practice-oriented lecture based on scientific insights and group coaching during face-to-face phase:
- Repetition of the theoretical and scientific part of content while focussing on the big points and superior perspectives,
- Answers to open questions based on lecture noted
- Input by means of practical examples and experience of the lecturer
- Preparation of the term paper
The button concept: symbols lead learners to the next step:
Admission requirements & registration
- a) Formal and academic requirements:
- international accepted national or international academic graduation from a university (at least equal to a Bachelor degree) or
- an equal qualification accepted by the course administration like: matriculation standard and at least five years of professional experience or
- an equal qualification accepted by the course administration like: completion of a professional diploma course, university course, university of applied sciences course or course of university character in the amount of at least 60 ECTS or of an equal diploma course with at least three years of professional experience or
- the positive completion of a standardized written entrance exam which covers the basics of the course (GMAT test with at least 480 points)
whereby professional experience is considered actual working experience as well as formal and informal trainings from which can be concluded that principles of management and organisation have been taught and social skills developed.
- b) Admission procedure
- The applicant fills in the registration form and hands in all documents (CV, copy of passport, certificates, transcript of records, proof of professional experience) and, if applicable, a request for recognition is digitally send to the student office (firstname.lastname@example.org). All documents must be in German or English. Possible translations must be notarially certified (Anmeldeformular).
- The completeness of registration documents is verified (if applicable, additional documents are requested) and subsequently digital copies are sent to the AIM.
- The course administration checks admission requirements (if applicable, additional documents are requested), within 14 days the student office is informed about acceptance or rejection.
- The student office informs about admission or rejection of applicants (in case of admission the invoice will be included).
- The course will be activated on the study or e-Learning platform during the 1. face-to-face block.
- c) Course fees
- Generally studies must be paid 100% in advance.
- Upon payment of 10% of the course fees your place to study will be fixed.
- If applicable students can make use of the following conditions:
- 10% of the course fees upon admission and 40% before the 1. face-to-face block
- The remaining 50% of the course fees before the 2. face-to-face block
The required profile of lecturers:
- A solid academic qualification: Magister / diploma, doctorate
- Professional experience of several years, preferably in international environment
- Several years of experience in business consulting and project management
- Several years of experience as management trainer or lecturer on an academic level
- The ability to communicate even complex issues in a clear and easy manner. This ability must be proven in test lectures and confirmed by students.
- Mag. PhDr. Ehrenprofessor Michael Schermann
- Mag. PhDr. Klaus Volcic
- Mag. Dr. Thomas Eidenberger
- PhDr. Ralf Jochheim, MSc MMBA
- Mag. Daniel-Remus Laes
- Mag. Dr. Stefan Mackowski, MBA
- Mag. Christian Reibenspiess
- Prof. Mag. Dr. Helmut Siller, MSc
- Mag. (FH) Christian Smodics
Information evening: 23/02/2016 um 18:00 – – Languages: German and English; 1230 Wien Ober Laaer-Str.: 314/2
Start of courses MBA Finance:
- start: 17.04.2015
2. start: 23.10.2015
3. start: 22.04.2016 (schedule)
- 1. start: 24.04.2015
2. start: 16.10.2015
3. start: 29.04.2016
Example with a starting date in April 2016:
Michael P. Schermann, Mag. PhDr. Ehrenprofessor
Geschäftsführender Gesellschafter/CEO E-Learning Consulting GmbH
Industriestraße 26 Top 4, A- 7400 Oberwart & Oberlaaer Straße 314/2, A-1230 Wien
Hedwig Hubatschek, CMC
Industriestraße 26 Top 4, A- 7400 Oberwart & Oberlaaer Straße 314/2, A-1230 Wien