Foreword from the Dean
The Faculty of Business Administration (FBA) at the University of Economics, Prague is among the most respected schools in Central and Eastern Europe focused on the field of management. Our mission is to generate and transmit knowledge, develop skills and form attitudes for the successful management of companies and organizations in a changing global environment. Our vision is to be an acknowledged and referenced higher education institution of management in the Central and Eastern European region. The FBA’s graduates find employment in multinational corporations, small and medium-sized enterprises, cultural and non-profit organizations, or they establish their own businesses.
Studies and Educational Activities
There are approximately 3,500 full-time students at FBA. We offer study branches at the Bachelor’s, Master’s and Doctoral levels of study. Two of our programs – International Management (CEMS MIM) and Management (previously Business Economics and Management) – are regularly placed in the prestigious global Financial Times Ranking for business education. In 2015, the International Management program ranked in the 4th position and Management in the 72nd position. Furthermore, the FBA offers 13 minor specializations. Among them are, for example, Consulting, Human Resource Management, Quality management and Lean Six Sigma, Logistics, Marketing, Managerial psychology and sociology, Entrepreneurship, Project Management, Turnaround Management or Sales Management.
The faculty provides an MBA program accredited by FIBAA (Foundation for International Business Administration Accreditation). This international accreditation attests to the high level of education, which is in compliance with demanding international requirements. Therefore, the MBA at the Faculty of Business Administration is on par with MBA programs in Western Europe. In addition, FBA has excellent relations with the private sector and works with highly talented students in the Honors Academia program.
Internationalization of Study
Applicants may study several programs offered in English and Russian. In addition, classes in foreign languages are mandatory for students in all study branches, as well as programs offered in the Czech language.
Many students use the opportunity to participate in exchange programs with the FBA’s partner schools abroad, study at any foreign university as „free mover“ or to take part in international summer schools. The CEMS Master in International Management Program (CEMS MIM) is the FBA’s key postgraduate, pre-experience degree conducted in English. It is open to a select group of students enrolled in a Master’s program in one of 30 leading institutions offering postgraduate management studies worldwide. Within the program, the faculty cooperates with such top-class universities as the the University of St. Gallen, London School of Economics and Political Science, Università Bocconi, HEC Paris, ESADE Business School and the University of Sydney. The exclusiveness of the program is evidenced by the fact that only one business school per country may be a member, and its quality is thoroughly assessed.
Science and Research
The FBA is involved in a variety of research types, from basic to applied and contractual research.
As a School that has been orienting itself more towards research in recent years, we require our basic research to be published in economics, business, management, entrepreneurship and other field-specific journals, with a large preference for publication in high-quality journals. The FBA’s academics have recently published for example in journals such as Frontiers in Psychology, Regional Studies, Journal of Management Inquiry or Information Processing & Management. The FBA’s academics are engaged in many Czech and international research projects in the field of management and business. Currently, our activities include, for instance, projects by the Technology Agency of the Czech Republic or the project Cultural Pathways to Economic Self-Sufficiency and Entrepreneurship: Family Values and Youth Unemployment in Europe (CUPESSE) by the European Union’s Seventh Framework Program.
FBA faculty take part in professional associations such as the Academy of Management, the European Academy of Management, the International Association of Applied Psychology, the Academy of International Business, the Project Management Institute and many others.
Quite a lot of the FBA academics also participate in contractual research and consulting projects for companies and other institutions. Among the FBA’s clients are many Czech SMEs, but also larger companies, such as Škoda Auto, Česká spořitelna, AXA or Seznam.
The FBA provides an executive MBA program accredited by FIBAA (Foundation for International Business Administration Accreditation).
This international accreditation attests to the high level of education at the FBA, which is in compliance with demanding international requirements. Thus, the faculty‘s MBA program is being regularly placed as the 3rd best MBA program in Eastern Europe in the prestigious Eduniversal Best Masters & MBA’s ranking. The main evaluative criteria are the reputation of the program, the opportunity for career development and salary in first job after graduation. The FBA also provides customized and open education programmes. Among its clients are, for example, Metrostav, T-Mobile, TEVA or the Ministry of Social Affairs. In addition, the FBA provides Honors Academia – a superior two-year education and training programme managed in close relation with corporate partners.
Relations with the business community are one of the top priorities of the FBA. The School has contracts with over 50 corporate partners. Among these are BD Advisory, T-Mobile, Unilever,
Apogeo, Metrostav, Plzeňský Prazdroj, Škoda Auto, HILTI, EY Advisory, Google, LEGO, HOPI, PWC, L’Oreal, Procter & Gamble, Deloitte, Microsoft, Mary Kay, ČSOB, Ahold, FINEP, RWE, PRE or Havel Holásek. However, the FBA also has partners among cultural and arts institutions. These are, for example, the Ministry of Culture of the Czech Republic, National Museum, National Heritage Institute or Theatre Institute. The companies ́ managers are involved in teaching, provide consultations for Bachelor ́s and Master ́s theses, offer internships, organize educational trips and participate in the FBA ́s research activities. Quite a lot of courses are even led by practitioners alone; e.g., the course Shopper Marketing is taught by the vice-president of POPAI Central Europe, the course Marketing Research is taught by the CEO of Millward Brown CEE, or the course Growth Strategy is provided jointly by the FBA and Arthur D. Little.
The FBA’s graduates are highly rated by employers. In the 2015, the nationwide rating “School Recommended by Employers”, the FBA was rated as the best school of economics in the Czech Republic. According to the representatives of 230 top employers, the FBA has the best-prepared graduates for the current job market from all of the Czech schools of economics.