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 organisations in a changing global environment.
The FBA has, as the only faculty in the Czech Republic, the prestigious international EQUIS accreditation. This means the FBA ranks among the 1% of best business schools in the world.
Two of our programmes are regularly placed in the Financial Times global business school rankings. In 2020, the faculty has ranked 22nd within the Financial Times Master in Management Ranking 2020. The CEMS MIM programme is placed among the Top Ten of The Economist Master in Management Ranking. In the QS Masters in Management Rankings, the CEMS MIM consistently ranks in the Top 10 of 135 evaluated programmes. Last but not least, the MBA programme taught at the FBA is consistently evaluated as one of the Top 3 MBA programmes in Eastern Europe.
Foreword from the Dean
In today’s world, universities focused on economics and management face tough competition. More than 20 public and private business schools offer such education in the Czech Republic and the competition from schools abroad is even stronger.
What distinguishes top-class business schools from the average ones? It is a high level of education supported by quality scientific research, strong relations with the business sector, and intense international cooperation. Top-class business schools recruit the best students while employing excellent lecturers and researchers. Moreover, they develop partnerships with the most successful companies.
The Faculty of Business Administration (FBA) at the University of Economics, Prague aims to be ranked among the most cutting-edge European educational institutions. We strive to prepare outstanding future managers. They acquire excellent knowledge and skills in the fields of management, corporate finance, entrepreneurship, marketing, sales, human resource, logistics, and other areas in order to excel in the international labor market. To our business partners, we offer cooperation in education, research, and science. Our educators are provided with the space to realise their creative educational and research activities. We primarily focus on the international scale of our activities – education in foreign languages, student and teacher exchanges, and international research projects.
It is an honour for us to be successful in our efforts – which has been confirmed by our EQUIS accreditation, a prestigious global certification that only 1% of business schools have received. It is an honour to be a part of the same community as universities like HEC Paris, the London Business School, the Rotterdam School of Management, or the University of St. Gallen. Our reliable standing in the Financial Times rankings is also proof of the quality education we offer.
prof. Ing. Ivan Nový, CSc.
Dean of the Faculty of Business Administration
Studies and Educational Activities
There are approximately 3,000 full-time students at the FBA. We offer study at bachelor’s, master and doctoral levels. Two of our programmes – International Management (CEMS MIM) and Management (previously Business Economics and Management) – are regularly placed in the prestigious Financial Times global business education rankings. CEMS MIM also consistently ranks in the top 10 of The Economist’s Master in Management Ranking and in the QS Masters in Management Rankings.
Furthermore, the FBA offers 12 minor specialisations: Business and Management, Human Resource Management, Quality Management and Lean Six Sigma, Arts Management, Logistics, Marketing, Managerial Psychology and Sociology, Entrepreneurship, NextGen Consulting, 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 can study programmes offered in English. In addition, classes in foreign languages are mandatory for students of all fields, as well as programmes offered in the Czech language.
Many students use the opportunity to participate in exchange programmes with more than 250 partner universities all around the world. The Master in International Management programme (CEMS) is the FBA’s key postgraduate, pre-experience degree offered in English. Within the CEMS Alliance, 32 world-class academic institutions collaborate together, such as the University of St. Gallen, the London School of Economics, Università Bocconi, HEC Paris or ESADE Business School, and, since 2018, the Cornell SC Johnson College of Business from the USA. The exclusiveness of the programme is further heightened by the fact that only one business school per country can be a member.
Science and Research
The FBA’s academic members and students are involved in quality and socially relevant research in various business and managerial areas.
The FBA is currently dealing with a number of projects within the GAČR and TAČR; other contractual research projects are implemented in cooperation with public sector companies and organisations, such as Škoda Auto, Unipetrol or the Ministry of Industry and Trade. Projects concern, for example, smart city issues, effective family management, energy management, or impact assessment of business support programmes. The FBA’s researchers regularly publish in prestigious world journals, such as the Frontiers in Psychology, Technovation, or the Journal of Business Research.
The FBA provides an executive MBA programme accredited by the 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. The MBA programme is regularly placed as one of the top MBA programmes in Eastern Europe in the prestigious Eduniversal Best Masters & MBA’s ranking. The main criteria are the reputation of the programme, the opportunity for career development, and salary in a graduate’s first job after graduation. The FBA also provides customised and open education programmes. Its clients include the Czech Social Security Administration, Metrostav, T-Mobile, TEVA, and the Ministry of Social Affairs. In addition, the FBA offers its Honors Academia programme – a superior two-year education and training programme managed in close cooperation with corporate partners.
Relations with the business community are one of the top priorities of the FBA. The faculty has contracts with almost 100 corporate partners.
These include BD Advisory, Unilever, PPL, APOGEO, Nestlé, Hilti, Plzeňský Prazdroj, Škoda Auto, Albert, Aspironix, Coca-Cola HBC, Finep, Henkel, Hopi, ICZ, KPMG, L’Oréal, Mary Kay, Procter & Gamble, PSN, PwC, Red Bull GmbH, UEPA advokáti or Unibail-Rodamco-Westfield. The companies’ managers are involved in teaching, provide consultations for bachelor’s and master theses, offer internships, organise fields trips, and participate in the FBA’s research activities. In terms of social responsibility, the faculty cooperates with NGOs such as Centrum Paraple or Spolu dětem.