MSc in International Business and Management

Duration: 12 up to 14 months/evening classes
Application Deadline: Rolling admissions | upcoming deadline : February 28, 2019
Start Date: September 2019
Fees: € 12,500


The MSc in International Business and Management will prepare young graduates (with business or non-business background) for an entry into the world of business. With a sharp focus on developing well-rounded professionals, this general management program will equip you with the knowledge, practical experience, and confidence to launch yourself in business. You will learn to apply skills in a variety of companies, whether in a large multinational or in an export-oriented, fast-growing, small company and variety of functions whether it is finance, supply chain, or marketing in Greece or abroad.


Key features of the program

  • Weekday classes between 18:00 – 22:00, three times per weeks on average
  • A 12-month program (working students can extend their studies to 14 months).
  • 9 core modules & 2 workshops
  • Assessment: group reports/presentations, case study analysis, mid-term tests, final exams
  • 4 elective courses or international component (studies abroad) or Field Consulting Project . Note that the number of the elective courses that a student may follow is not standard, since courses offered are either equivalent to 2 credits or 1 credit each
  • Dissertation or Career Development (Internship or Professional Development for working students).


The MSc in International Business and Management Is Designed for:

  • Recent graduates from any discipline who wish to work in business and management.
  • Recent graduates in business, management or economics seeking in-depth insight into the mechanisms of the global economy as well as the strategy and operations of the international corporation.
  • Young professionals with limited experience who want to enhance their employability in the local and the international labor market.

You may find here more information about the Program's Intended Learning Outcomes.


Current Student Profile



Mandatory career development course (summer internship for those curently unemployed or professional development for those who already work is an integral part of our program of studies. Students will connect the knowledge, models and skills learnt in class with the everyday practice of business and management, improving significantly their employability after graduation.

Distinct focus on the architecture of the global trade and financial systems.

An applied perspective within every single course, culminating with the strategic business planning capstone course.

Extensive opportunities to take courses abroad through student exchange agreements with a large network of top Business Schools worldwide.

Exposure to real life business problems through the Field Consulting projects.

The optional research dissertation for those interested in pursuing a PhD and the elective courses help students become independent thinkers as they will critically assess and challenge the established models of management and propose innovative ways of addressing key challenges at work.

Graduates of the MSc in International Business and Management choosing to take The ALBA MBA after having acquired the necessary work experience, will have three courses waived, in addition to the ALBA Alumni discount*.

*Rules and conditions apply


MSc in International Business & Management Total Year Schedule 2019-2020

The school reserves the right to re-examine the structure of all academic programs and proceed to any necessary changes in the total year schedules.

5th Period: Dissertation or Career Development (Career Development: Internship or Professional Development)*


*Students who wish to attend the 14-month program, will attend the “Professional Development” or the “Dissertation” during September – October 2020.


1st Period | September – October

Courses Hours | Credits
Quantitative Methods for Business
14 | 1
This course is preparatory; designed to help students familiarize themselves with aspects of mathematics necessary for the comprehension of modern MBA courses. It covers three main areas: Firstly, the basics of derivatives and optimization of differentiable functions, mainly with a view to assist the student with applications to follow in the economics courses. Secondly, the basics of probability, random variables, and their distributions in order to provide a working background for statistical and financial applications. Finally, the basics of descriptive statistics, that will assist the students in comprehending statistical reports. Inferential statistics will be mentioned, albeit briefly, in order for the student to connect the basic notions discussed in probability and descriptive statistics with quantitative research methods that will be covered later on in the programme.
Financial Accounting
28 | 2
The course explores the ‘art’ of financial accounting / financial reporting.  In particular, the goal of the course is to provide the knowledge and skills required for the understanding and use of financial accounting information for decision making.  Some of the topics covered during the course include: the role and importance of financial reporting, the role of the main players in the accounting communication process, including the management, auditors and stakeholders, the effects of the use of different accounting methods and estimates on the financial statements and the subsequent impact on decision making, ways of analysing, interpreting and evaluating financial statements.  During the course, extensive reference is made to the annual reports of various companies, as well as to accounting scandals (e.g. ENRON), for the facilitation of knowledge and understanding.
Business Economics
28 | 2
This course concentrates on the economic foundations of management by developing tools to analyze key issues of the industry (microeconomics) and general economic environment (macroeconomics) of a company. The course employs classical economic as well as game theoretic methodology to study the operation of markets in allocating resources as well as the markets’ impact on managerial decision making. Topics under consideration include the consumer and business behavior, their interacting in competitive and non-competitive markets and the impact of market structure in the company’s managerial decision making and strategies. Furthermore, the course develops thinking frameworks and methods to help participants to accurately assess the macroeconomic environment within which businesses operate and also to identify channels through which this environment influences their managerial decision making.

2nd Period | November – December

Courses Hours | Credits
Managing People & Organizations
28 | 2
The course provides an overview of the core areas of management theory and organizational behaviour with a special emphasis on issues of organizational structures, culture and values, employee motivation and job design, leadership and power, group processes as well as organizational learning and knowledge management. It will help participants understand the complex relation between individuals, groups and organizations and will introduce the concepts and the tools for effective management of the human capital. It will also help them understand how they can become change catalysts by performing their leadership role as managers; how they can manage knowledge; how they can inspire people to put extra effort for achieving the organizational vision and for outstanding performance and results. Through case studies, videos and discussion, students will have the opportunity to exercise their critical thinking and build people management skills by applying organizational theory to a broad range of organizational types, settings, and challenges.
Business Writing & Presentation Skills
14 | 1
Financial Management
28 | 2
This core course introduces the basic concepts and analytical tools used in analysing the major investing and financing decisions of a firm. Students are presented with the major tasks of a financial manager, whose decisions contribute toward the accomplishment of the firm’s objectives. The course introduces the major issues in the theory and policy of finance. Emphasis is given in the following areas: Objectives of the Financial Manager; Financial Statement Analysis; Financial Planning; Financial Markets; Valuation of Corporate Securities; Financing Decisions and Cost of Capital; Derivatives; Analysis of Financial Information for Management Decisions; Corporate Governance; Long term Investing Decisions.

3rd Period | January – February

Courses Hours | Credits
Production and Operations Management
28 | 2
Learn how the design of productive systems, strategic planning, and operations planning and control can help you increase productivity and customer service as a springboard for increased profitability.
Marketing Management
28 | 2
The main goal of this course is to provide students with a framework of the theoretical concepts and practical tools of modern marketing. Students will learn how to translate business level goals into marketing strategies. How to use the basic marketing levers (i.e. product/service, price, distribution, marketing communications, and marketing research) to accomplish such strategies. Moreover, they will develop a critical thinking of new trends in marketing management and how they transform established marketing practices. Ultimately they will develop a more concrete understanding of what marketing is and what are its capabilities and boundaries within the contemporary business practice.

4th Period | March – April

Courses Hours | Credits
International Experience
56 | 4
Field Consulting Project
28 | 2
The Field/Consulting Project is a unique learning experience and a cornerstone of ALBA's educational philosophy. It is the culmination of a year's intensive learning, and the time to elaborate on and implement concepts and methods in a real, corporate environment. Teams of students have the unique opportunity to test "in the field" what they have learned in class.   Teams spend approximately three months working on a practical corporate project, supervised by a faculty member. They are required to systematically proceed to problem-solving, following the pattern analysis-diagnosis-proposal of solutions. The final report is presented to both company representatives who commissioned the project and the School's faculty.
Elective courses equivalent
56 | 4
Creativity & Innovation
14 | 1
Creativity and innovation are career and business imperatives in the fluid and highly competitive economy of the 21st century. The explosion of creative industries in recent decades have turned innovation into a critical success factor in any form of work that involves the imagination, aesthetics, emotion, invention, or/and problem solving. With the advent of the knowledge economy, creativity has also become a cardinal aspect of managerial jobs. Creative problem solving, creative responses to contextual variability, improvisation, and the ability to generate original and bold ideas are defining elements of career success. This course provides students with the knowledge, skills and insights for discovering and practicing creativity in organizations, groups, and one's own career. The fourfold structure of the course entails: (a) cutting-edge knowledge about such topics as developing creative capabilities, managing creative people,  crafting creative work environments, and turning creative ideas into winning innovations; (b) concrete insight on practice through over 100 mini cases, examples and illustrations of creative accomplishment and innovation in business and society; (c) valuable "insider insight" about selected creative industries through direct interaction with guest speakers of notable creative achievement; and (d) practical application and the opportunity to act creatively during the course through brief interactive exercises and a major creative group assignment.
Entrepreneurial Strategy & International Growth
28 | 2
This course deals with the analysis and creation of business strategy within an entrepreneurial context as well as practices for international growth. Business strategy formulates the set of objectives and policies that define how a firm positions itself to gain competitive advantage and increase returns for its shareholders. Two questions are of importance, then: “Where should we compete in” and “How should we compete?” In answering these questions, we need to understand the external environment and the firm’s internal resources and capabilities. We also need to adopt an integrated view of the firm spanning functional areas such as finance or marketing. Finally, we look at issues of effective implementation as many strategies fail in execution. Further, this course focuses on the contextual, strategic and operational issues of an international expansion. We will examine the decisions and management processes of identifying international opportunities, locating foreign markets and developing export business. Key aspects of the course include overseas customer identification, product adaptation, logistics and transportation, product sale, and payment systems. Overall, it seeks to provide students an understanding of Export Management and a theoretical framework for making International Marketing decisions.
Road testing- Feasibility Analysis
14 | 1
The objective of this course is to teach student teams how to “road test” their Lean Start-up Models by carrying out a full feasibility analysis. Using the “Business Plan Road Test” model, teams will develop research plans to investigate industry and market domains, at both micro and macro levels. They will also engage firmly with the internal elements of their venture, considering formally the competences, social and human capital, and motivational aspirations of their entrepreneurial team. After carrying out detailed secondary and primary market research, student teams will assess the financial, strategic, operational and marketing feasibility of their concepts, enhancing still further their business models.
Managing the Family Enterprise
14 | 1
The aim of this course is to improve students’ skills in the management of family owned and run enterprises, paying special attention to critical processes in such ventures, such as succession, managing the family / business ownership / business management triangle, and dealing with in-family conflict. The course proposes specific, practical strategies and techniques for addressing the inherent disadvantages of family firms, whilst building on their special strengths. This course is of special value to students who are working in - or considering working in - their own family business. It is also helpful for the many students who work in or with one of Greece’s many family enterprises. Students who are considering entrepreneurship as a career option can also prepare themselves for family-related issues, by taking this course.

5th Period | May – July

Courses Hours | Credits
Management Accounting
14 | 1
This is a course on cost and management accounting. The course focuses on some of the technical aspects of management accounting as well as on management control issues (the use of accounting information for planning and control). Techniques and issues related to activity based costing, target costing, transfer pricing and strategic management accounting, in their organizational context, will be addressed. Students will be required to read published academic research as well as practice based material. Some of the topics covered during the course include: the meaning and role of management accounting, branches of management accounting, costing terms and purposes, cost-volume-profit analysis, cost allocation, job and product costing, budgeting, standard costing and variance analysis.
Global Business & Trade
14 | 1
This course examines the phenomenon of globalization, focusing on the business, economic and socio-cultural integration across traditional borders. It also studies the evolution and the changing structure of global markets and industries, the division and specialization of labor internationally and the differences between the business models adopted in developed and emerging regions of the world economy. The globalization process is examined in the light of various international trade agreements. The course examines the motivation for such agreements and the implications of them in consumption and market operations, highlighting the challenges for modern firms competing in a global environment.
- | 4
The Dissertation is a research project of a student’s special interest in a faculty member’s area of expertise. The students will have the opportunity to construct a detailed plan of a research project; to review specific literature on the selected topic; to identify relevant research questions from the literature; to be able to turn general research questions into empirical ones; to select and justify an appropriate research design; to select and employ suitable methods or techniques to investigate the empirical questions; to analyze financial or social data and to write a report covering a review of the relevant literature, the research questions, an explanation and justification of the design, a description of the conduct and analysis of the research, and a discussion of the findings in relation to the literature and methodological issues.
Career Development
- | 4
This course aims to provide students with information, knowledge and tools for their Career Development on a life-long process.  Key methods and tools used during the course include amongst others: Career Development workshops, the utilization and reflection on self-assessment Career Development tests, an internship and a final project.  Each of these tools and their combination enhance students’ understanding of employability, facilitate the provision and analysis of information and knowledge on market, employment and employability trends, and bring together the academic with the business world.  Further benefits for students include the opportunity for the blending of academic and on-the-job learning; the use of the explicit knowledge gained during the program in real work environments, the attainment of tacit knowledge, the development and diversification of skills, the acquisition of work experience, the identification and/or refinement of career goals, the creation and/or development of a professional network.


The Professors

Academic Director
Stefanos Zarkos Associate Professor in the Practice of Finance

Dr. Zarkos has teaching and research interests in the areas of Corporate Finance, Financial Management, Capital Budgeting, Real Options, Management Accounting and Strategy. His research focuses on new applications of real options in management decision making and the development of decision techniques in Corporate Finance and Strategy literature.

alba profile link
Course Faculty
Reader in Economics at Cardiff Business School view more
Professor of International Business and Strategy view more
Evangelia Baralou Academic Director of the MSc in Tourism Management
Senior Lecturer in Organisation Studies, Open University, UK view more
Associate Professor of International Business view more
Principal lecturer Int. Business & Strategic Management, Nottingham Business School view more
Assistant Professor of Accounting, University of Amsterdam Business School view more
Professor of Management at Durham University Business School view more
Associate Professor of Organizational Behavior & Leadership, NEOMA Business School view more
Lecturer, DEREE-The American College of Greece view more
Christos Koritos Academic Director of the MSc in Marketing
Associate Professor of Marketing view more
Kyriakos Kyriakopoulos Associate Dean of Academic Programs Enrollment, Academic Director of Executive MBA, Academic Director of Alba - Eurobank MBA in Financial Services
Professor of Strategy and Marketing view more
Director Career and Alumni office view more
Andreas Robotis Academic Director of the Double Degree MSc in Supply Chain Management
Assistant Professor of Decision Sciences view more
Reader in Marketing & Entrepreneurship, Director of MBA Programmes/, Sheffiled University Management School view more
Stefanos Zarkos Associate Dean of Academic Programs, Academic Director of MSc in Finance; MSc in International Business & Management; MSc in Business for Lawyers; MSc in Entrepreneurship
Associate Professor in the Practice of Finance view more


After completing the program, participants should be able to:

  • Comprehend qualitatively and quantitatively the core areas of business.
  • Be effective decision makers, capable of solving a variety of business problems.
  • Craft an effective business plan and learn how to manage the project.
  • Display strong analytical and communication skills.
  • Be a valuable team player in a multinational-multicultural business environment.


Scholarships Scheme

You can secure pre-approval of your scholarship, before you apply for admission to the MBA or MSc program of your choice.

Apply for scholarship

GMAT Scholarships

 Those candidates who bring GMAT score from 700 and above, will be granted a scholarship of 60% of the total tuition fees for all MBA and MSc's (Excluding the Executive MBA, Double Masters for Lawyers and the MSc in ISF Programs). Candidates with high GMAT bellow 700 are also eligible for smaller scholarships.

SEV (Hellenic Federation of Enterprises) Scholarships

SEV (Hellenic Federation of Enterprises) offers ten (10) partial scholarships for graduate studies at ALBA.

Scholarships are open only for the academic year 2019 – 2020, will cover 50% of total fees and are addressed exclusively to Small and Medium Enterprises – members of SEV, offered as rewarding services to the members of the Federation.

Applications can be submitted online here with the indication “SEV scholarship” noted at the field Scholarship-Financial Aid. Deadline is set for  15 July, 2019

Note that the evaluation of applications and the final selection will be made from ALBA Graduate Business School, The American College of Greece. All applicants need to meet the eligibility criteria of the program they apply for and to go through the standard admission procedure and personal interview.

Scholarships are open for the following programs

  • The ALBA MBA
  • MSc in Finance
  • MSc in Risk Management
  • MSc in International Business & Management
  • MSc in Business for Lawyers
  • MSc in Strategic Human Resources Management
  • MSc in Marketing
  • MSc in Entrepreneurship
  • MSc in Supply Chain Management 


Hear the 2017 scholar talking about this initiative and their personal experience!


For any additional information please  fill in the below form or contact Ms. Antonina Kalkavoura at 210 8964531 (ext. 2253) |  [email protected]


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Contact Form

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Next Generation Family Business Scholarship

Alba Graduate Business School offers two partial merit-based* scholarships that cover 50% of the tuition fees for any of the Academic Programs at Alba (Executive MBA, MSc in ISF and Double Masters for Lawyers candidates are not included) to a member of the next generation of a family business. 

The Alba Hub for Entrepreneurship and Development offers the “Next Generation Family Business Scholarships” in an effort to encourage growth of and succession in family businesses in Greece. It aims to support upcoming business leaders so that they can excel in such a demanding role.

The Scholarships are awarded to a member of the family business’ next generation that is expected to assume a leading role within the upcoming years. Both the academic background, as well as the applicant’s aspirations and plans for the business’ future will be taken into account. In order to ensure that the applicant and the family business are willing to invest in this opportunity, the application form is submitted by the applicant while The Next Generation Scholarship Committee may contact the CEO/Managing Director for this purpose.

For further information please contact Alexis Komselis, Director of the Alba Hub for Entrepreneurship and Development, tel.: +302108964531 (ext. 2321), [email protected]



Clink HERE to apply for the scholarship


* All students receiving scholarships on the basis of merit, either in full or in part, are expected to maintain a Cumulative Index (CI) or a Grade Point Average (GPA) of 3.0 and above. The CI corresponds to the average grade of all course grades that have been reported, while the GPA corresponds to the average grade of the course grades of a particular term. If both the CI and GPA of a scholarship recipient drops below 3.0, for all courses that have been completed and grades that have been announced through myACG portal, the scholarship will be discontinued until such time as the term GPA or the CI rises to 3.0 and above. In such cases, the student will become personally liable for payment of tuition fees corresponding to the teaching period that follows right after the announcement of the grades of the preceding term, in which both the term GPA and the CI have been reported below 3.0. This rule does not apply to the first and the last teaching period of all Academic Programs. 

FPower partial Scholarship

FPower  offers one partial and merit based scholarship for any of the postgraduate degrees offered by ALBA for academic period of 2018/19. This scholarship complements FPower’s activities, and aims at supporting female leadership by giving access to knowledge and skills.

The scholarship is available to interested applicants from FPower’s community, who aspire to assume leadership roles and introduce innovative solutions in terms of both career and society. 

Applicants interested in receiving this scholarship need to inform FPower by:

  1.  Signing up here
  2.  And filling out the form that may be found here.

Following a positive response, prospective students need also to apply for the postgraduate degree they wish to study for at ALBA. Applicants should meet the overall criteria for the degree program they will be applying for.

The scholarship recipient will be selected among the applicants who have been successfully gone through the academic evaluation process by a joint FPower and ALBA 

Democritus University of Thrace

Partial up to full scholarships to graduates of the Law School of Democritus University applying for the MSc in Business for Lawyers Program or the MSc in International Business and Management

24th Economia Competition

50% scholarship for one of the following programs to all members of the winning team of the “Economia” competition

  • MSc in Strategic Human Resource Management

  • MSc in Finance

  • MSc in Risk Management

  • MSc in International Business & Management


To be considered for admission, candidates must:

  • Hold a bachelor’s degree; - Provide evidence of excellent command of the English language;
  • Need to be currently employed or self-employed (valid for the part time mode only) GMAT tests are optional unless the Academic Committee requires the applicant to take them: in any case, scores of 550 or more (GRE >155) can strengthen your application and help you secure a scholarship.

Candidates must submit:

  • The completed application form, including one recent photograph in jpeg format;
  • Two letters of recommendation in Greek or in English language.
  • Official Academic Transcripts as well as Certified copies of degrees from each undergraduate, graduate or professional degree earned;
  • Proof of competence in the English language (unless schooled in English), e.g. Proficiency or TOEFL or IELTS.
  • Three Essays, as indicated in the Application form;
  • Receipt of the non-refundable application fee's [€60] deposit

Click here to download the details for admission.

To learn more about academic policy, course credit policy, fees policy and rules for student conduct read the Student Handbook 


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Get in touch with us
Lia Tsiabousi Program Manager

We urge applicants to request further information or to come for a meeting at our downtown campus, in order to better understand their profile and motivations.

Just fill out and submit the form below and we will respond to you as quickly as possible.

Tel.: +30 210 89.64.531-8

Fax: +30 210 89.62.139

e-mail: [email protected]

Fill out the form Just submit the form below and we will respond to you as quickly as possible.

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