Master of Business Administration (MBA)

Program Description

The Master of Business Administration (MBA) program provides training in business for students interested in understanding the working nature of business in a competitive environment. Courses in the MBA program integrate information and theories from various disciplines, including accounting, economics, finance, marketing, production operations, and strategic management.

The objective of this program is to develop students into broadly educated business managers and executives who understand the nature of business as a whole, with the tools and techniques applicable to a wide variety of business situations.

The capstone for the MBA program gives students the chance to bring together all of the theories, skills, and tools studied during the program and integrate them into a learning experience that highlights the nature of competition and the kind of strategic maneuvering that must be done in order to succeed. Additionally, the MBA core curriculum is aligned with the content areas that are specified for the new Certified MBA (CMBA) examination.

The degree requires satisfactory completion of 33 credit hours of the MBA curriculum and 3 credit hours of graduate electives for a total of 36 credit hours, or if an area of emphasis is selected for a total of no less than 48 credit hours. Students who require prerequisite courses may have to complete more than 36 or 48 credit hours to receive the MBA.

Webster University Vienna also cooperates with global thought leader Professor Michael Porter and his Institute for Strategy and Competitiveness at Harvard Business School. Our MBA students have the extraordinary opportunity to take the course “Microeconomics of Competitiveness” as an elective. Course content and materials are aligned with and provided by Prof. Porter.

The 11 required core courses in the MBA program are:

  • MRKT 5000 Marketing
  • MNGT  5590 Organizational Behavior
  • MNGT  5990 Corporate Responsibility & Society
  • FINC  5000 Finance
  • FINC  5880 Advanced Corporate Finance
  • BUSN  5760 Applied Business Statistics
  • BUSN  6070 Management Accounting
  • BUSN  6110 Operations and Project Management
  • BUSN  6120 Managerial Economics
  • BUSN 6140 Business Research Analysis*
  • BUSN  6200 Strategy and Competition

In addition to the core courses, students must take one elective:

  • BUSN 6250 Master Thesis*
  • BUSN 5680 Microeconomics of Competitiveness**
  • MNGT 5500 Professional Seminar: Leadership Through People Skills
  • or other courses from the graduate business, management or international relations course offerings

* In order to be granted a degree that is not only accredited by, both the Higher Learning Commission of the North Central Association and the Accreditation Council for Business Schools and Programs (ACBSP), but also by ÖAR (Österreichischer Akkreditierungsrat ) accreditation students need to complete BUSN 6140 or a Master’s Thesis.

** Webster University Vienna offers this course as an officially Affiliated University of the Institute for Strategy and Competitiveness  (Prof. Michael E. Porter) at Harvard Business School.

Program prerequisites are to be completed before beginning coursework for the MBA for those students who have not completed prerequisite courses (or an appropriate equivalent) within five years of entering the program and having earned a grade of B or better. If the appropriate prerequisite course content was completed more than five years prior to entering the program, the department will allow a waiver if the student demonstrates command of the content area by successfully completing a waiver examination.

Prerequisite courses may not count as electives in the 36-credit-hour MBA.
Prerequisites:

  • BUSN 5600 Accounting Theory and Practice
  • BUSN 5620 Current Economic Analysis

Brochure (pdf)

Areas of Emphasis

Requirements for an area of emphasis in the MBA program are identical to requirements for a major in the master of arts (MA) program and are outlined in the Graduate Degree Options section of the Webster Graduate Catalog.

Areas of emphasis for the MBA degree are:

Degree Completion

The MBA requires advancement to candidacy and satisfactory completion of a minimum of 36 credit hours of MBA degree coursework, or 48 to 54 credit hours of MBA degree and area of emphasis coursework.
Students who require prerequisite courses may have to complete more than 36 or 48 to 54 credit hours to receive the MBA.

Course Descriptions

MRKT 5000 Marketing
Students examine the character and importance of the marketing process, its essential functions, and the institutions exercising these functions. Course content focuses on the major policies that underlie the activities of marketing institutions and the social, economic, and political implications of such policies.

MNGT 5500 Professional Seminar: Leadership Through People Skills
Leadership is about relationships and empowering people. It’s that extra ingredient which, when added to solid technical and management skills, gives the firm the competitive advantage. Managers at every level are now expected to produce results with fewer people.  

Psychological Associates, Inc., industrial psychologists in the U.S. have used their extensive research and experience in business and industry to develop the Dimensional® Training System for training in these skills. It uses needs models and methods of communication to show managers how to encourage cooperative, result-oriented behavior in the work force. It’s a model that is easy to understand, learn and use. Recognizing that we exhibit different behavior in different situations and with different people, the Dimensional® Model types behavior, not people. Using a very concrete set of communication tools, it shows participants how to draw out the most productive behavior first in themselves and then in others.

This unique 5-day seminar introduces the Dimensional® Model for understanding our own and others’ behavior.  It teaches and lets participants practice five specific skills in connection with the Model: Sizing up your own and others’ behavior; organizing transactions to deal with different kinds of behavior, communicating skills, motivating skills and adapting skills. It shows how to vary the use of these skills depending upon whether you are dealing with your own manager, a direct report or a peer. Considerable practice time is given for role-plays in small groups, where participants are video-taped and given feed-back by their colleagues and the trainer. Participants learn about their own behavior as it is seen from different points of view. Because the feedback is highly structured and specific, it is constructive.

MNGT 5590 Organizational Behavior
This course introduces students to many of the basic principles of human behavior that effective managers use when managing individuals and groups in organizations. These include theories relating to individual differences in abilities and attitudes, attribution, motivation, group dynamics, power and politics, leadership, conflict resolution, organizational culture, and organizational structure and design.

MNGT 5990 Corporate Social Responsibility & Society
In this course students evaluate the role of business in society and the demands managers face in maintaining moral integrity while fulfilling their obligations as agents of organizations and firms. Special emphasis is placed on ethical issues confronted by middle managers.

FINC 5000 Finance
The student examines the general nature of financial management, the American financial system, taxes, and the major financial decisions of corporations. Specific attention is given to present value and capital budgeting; risk and asset pricing; financial analysis and forecasting; financial decisions and market efficiency; and capital structure. Problem-solving methodology is used to illustrate the theories and tools in financial decision-making. Prerequisites: BUSN 5600 and BUSN 5760.

FINC 5880 Advanced Corporate Finance
This advanced study of corporate financial analysis and planning includes capital budgeting, cost of funds, and capital structure and valuation. Selected topics that may be covered are leasing, mergers, takeovers, business failure, reorganization, and liquidation. A combination of problem-solving and case study methodologies is used to illustrate theories and techniques helpful in financial analysis and planning. Prerequisite: FINC 5000.

BUSN 5680 Microeconomics of Competitiveness
Microeconomics of Competitiveness (MOC) has been created at Harvard University in a multiyear development effort by Professor Michael E. Porter and the staff and affiliates of the Institute for Strategy and Competitiveness at Harvard Business School . This course is regularly taught at Harvard Business School and Harvard John F. Kennedy School of Government. As part of our future collaboration with the Institute for Strategy and Competitiveness at Harvard Business School as an affiliate institution, Prof Porter’s signature course is taught at Webster University Vienna’s master degree programs.
This course is concerned with the determinants of competitiveness and economic development viewed from a bottom up, microeconomics perspective. While sound macroeconomic policies, stable legal and political systems, and the accumulation of factors of production affect the potential for competitiveness, wealth is actually created at the microeconomics level. The strategies of firms, the vitality of clusters, and quality of the business environment in which competition takes place are what ultimately determines a nation or region's productivity.
This course covers both developing and advanced economies, and addresses competitiveness at the level of nations, states or cities within nations, clusters, and groups of neighboring countries. A major theme of the course is that competitiveness and economic development is affected by policies at all these levels.   Prerequisites: BUSN 5760 and BUSN 6120.

BUSN 5760 Applied Business Statistics
The student examines the application of statistical analysis, hypothesis testing, and regression analysis in business decision making. The course should focus on the utilization of statistical methods as applied to business problems and operations.

BUSN 6070 Management Accounting
The student examines advanced topics in management accounting as these relate to management information needs for planning, control, and decision making. Topics include interpretation of standard cost variances; application of quantitative techniques; evaluation of divisional performance; activity-based costing; and the behavioral impact of accounting systems. Prerequisites: BUSN 5600 and BUSN 5760.

BUSN 6110 Operations and Project Management
This is a course that focuses on the major managerial issues in manufacturing management and the tools that can be used to manage them. Special attention will be given to project management, including PERT, critical path scheduling, and time-cost models, in operations management and other business settings. The major operations management issues are quality management and control, capacity management, plant location, layout and design, production planning and scheduling, supply chain management, and inventory management. The analytical tools covered include queuing theory, statistical quality control, linear programming, and learning curves. Where appropriate, the use of operations management techniques in service and distribution organizations will be demonstrated.
Prerequisite: BUSN 5760.

BUSN 6120 Managerial Economics
The student examines the application of microeconomics theory as applied to the managers' responsibilities within the organization. This course should emphasize the quantitative and qualitative application of economic principles to business analysis. Prerequisites: BUSN 5620 and BUSN 5760.

BUSN 6140 Business Research Analysis
The student examines the application of the tools and methods of research to management problems. The course focuses on the nature of research; the use of research in decision making; decision making; research concepts and methods for the collection, analysis, and interpretation of data from surveys, experiments, and observational studies; and the evaluation, use and presentation of research findings. The completion of a substantial research paper will also be required.

BUSN 6200 Strategy and Competition
The student examines the conceptual and practical aspects of business policies and policy decision making by utilizing all the concepts, theories, and tools that were presented in the previous courses. The student should be able to analyze and recommend a comprehensive and workable approach to the situation. The course should cover current business issues and developments. Prerequisites: completion of all other required courses in the MBA.

BUSN 6250 Thesis
The student completes a thesis project under the supervision of faculty members. The thesis option is recommended for those considering graduate study at the doctoral level. For many doctoral programs, a completed master’s thesis is an admissions requirement.

Prerequisites

BUSN 5600 Accounting Theory and Practice
This course examines the accounting function and its role in modern business. Basic accounting theory and principles are examined and a number of important contemporary accounting developments are reviewed. The course is designed for consumers as opposed to producers of accounting data.

BUSN 5620 Current Economic Analysis
Implications of current economic events are examined through the applications of economic theory. Emphasis is placed on acquainting the student with methods of economic analysis in the context of current economic issues.

Capstone Course

BUSN 6200 Strategy and Competition
The student examines the conceptual and practical aspects of business policies and policy decision making by utilizing all the concepts, theories, and tools that were presented in the previous courses. The student should be able to analyze and recommend a comprehensive and workable approach to the situation. The course should cover current business issues and developments. Prerequisites: completion of all other required courses in the MBA.

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