MBA – Entrepreneurship

Basic information

Growing businesses must adapt to environmental and technological change. This degree programme prepares students for the challenges of starting and growing a business in today’s dynamic environment. We will help students create a framework for their new venture and provide them with the skills necessary to become entrepreneurial leaders. Students will develop key skills for success in new product and service development and small and family business management.

The curriculum should prepare students to become successful independent entrepreneurs. MBA courses in entrepreneurship include business management and teach students how to turn concepts into profitable companies. The program equips students with analytical resources, knowledge and experience that will train graduates as independent entrepreneurs, entrepreneurs in family businesses or entrepreneurs in corporations. This course has a diverse job description and graduating is a great first step to becoming successful in today’s business world.

Program structure

In this advanced business management program, you will learn about methods of financing business ventures, create realistic business plans, and work on projects that will enhance your entrepreneurial skills.

For those looking for more than one successful business or the opportunity to implement more than one idea, a specialized MBA in business management can take someone from “business owner” to “business mogul.”  Elements such as managing multiple offices, branches or even franchising a business are sometimes particularly difficult – but with a solid theoretical foundation and practical, applicable experience, the path to business growth comes with fewer risks. In addition, students can explore opportunities not only within their own community, but are encouraged to study international business patterns and requirements and to consider opportunities for global interaction or expansion.

Study modules

Basics of business

  • Corporate governance

  • Corporate Finance

  • HR management

  • Managerial accounting

Business strategy

  • Business forecasting and planning

  • Internal Cost Management

  • Business strategy

  • Project Management

Marketing and communication

  • Business Communication and Ethics

  • Marketing Management

Study information:

  • 12 - 18 months
  • English
  • On-line
  • € 7000
  • 60 ECTS


Students have access to an online library with more than 10,000 professional publications, books and professional papers.
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Graduated from the MBA programme at EIFM.
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Is the average salary of an MBA graduate at EIFM.

Why study at EIFM

We want to be your guide on one of the most important journeys you will take in your life. A journey towards your personal growth, career improvement and fulfillment of your goals. Throughout this journey, we will do everything we can to ensure that you reach your full potential and get the most out of your studies at our Institute.

General overview

Our goal is lifelong learning. We are here to develop our students and provide them with up-to-date information, skills and knowledge to help them achieve their goals and ambitions in their personal and career lives.

Developing the entrepreneurial spirit

All our study programmes are designed to emphasise individualisation, the development of personal responsibility and an entrepreneurial spirit - key qualities that will give you a unique experience that will last a lifetime.

Effective teaching

The aim of our education is to prepare graduates to address contemporary economic, environmental and social challenges that impact society as a whole. We therefore provide our students with innovative and relevant knowledge and know-how that will develop their talents and take them to the next level.

Global reach

We are aiming not only at the national, but above all at the international level of education provided.  Students should be exposed to different ways of thinking and acting, be open to continuous learning and be familiar with global business trends.

Personal development

Our educational institution aims to develop and support globally minded individuals who want to become leaders in the world of business and innovation. All our study programmes are completely flexible and target students, their theoretical knowledge and subsequent practice.

Critical thinking

Sufficient knowledge and its critical evaluation is the path to freedom. We therefore instill in our students the critical thinking skills and creativity that will prepare them not only to anticipate, but more importantly, to meet the challenges they will be forced to face in today's global world.

Tuition fee

Are you ready to take the next step?

If you’re ready to take your career and personal life up a notch and want to get an education with an innovative and practical approach, don’t hesitate!

Tuition fee of the program:
€ 7000

The tuition fee for the MBA programme is € 7000. Payment can be made in one lump sum or spread over up to 5 interest-free instalments.

A first instalment of € 1500 is always required before the start of your studies. Tuition fees include study materials and access to all seminars or online lectures organised by the European Institute of Finance & Management.

5% discount
If the student decides to pay the tuition fee in one lump sum before starting his/her studies, a discount of 5% of the tuition fee will be applied additionally.

Admission procedure

There are no tests, exams or interviews as part of the admissions process. All you have to do is meet the study requirements, which are as follows for the MBA programme:

  • Completion of at least a Bachelor’s degree,
  • A CV with sufficient information about your education, volunteer experience, work experience, or extracurricular activities,
  • Motivation letter – In case the admissions committee has doubts about accepting you to study, they may require a motivation letter that should reflect your professional goals, strengths, focus, etc.
    If you are interested in studying, follow the steps below and start your journey to study at EIFM.



Our Career Services department is ready to provide the best opportunities for students to develop their personality, skills and abilities to achieve the best career. If interested, any student can contact our department during or after graduation.

Our colleagues are not only involved in various activities that connect our study institute with major national and multinational corporations, but also build partnerships with major companies or organizations so that we can subsequently offer diverse career opportunities to our students.

The Career Services staff offers students a range of personalized information, which may include a listing of top employers, trends and process in talent recruitment, statistics on average salaries and wages, or other thought-provoking information to help graduates choose the right career path.

Programme subjects

Business forecasting and planning

The purpose of this course is to instill an understanding of the forecasting and budgeting process and to teach students how to prepare sales forecasts for new and existing businesses, prepare variable and fixed cost budgets to support sales forecasts, and document and evidence the resulting forecasts, as well as prepare cash flow forecasts and determine the start-up costs of a new business. Students will develop higher level critical thinking skills as demonstrated through analysis, evaluation and synthesis. Students will gain an understanding of the process involved in actually starting a business venture, and students will learn how to create and present a vision statement and plans for the venture. Students will develop higher-level critical thinking skills as demonstrated through analysis, evaluation, and synthesis.

Business strategy

The primary way in which business strategy ultimately creates value is by enhancing the ability of portfolio companies to create and sustain competitive advantage. The main topics you will cover are diversification, vertical integration, restructuring, synergies, alliance strategy and global strategy. We will therefore introduce a number of tools to help us analyse these topics. The main objective of the course is to introduce you to the primary decisions, tools and concepts of corporate strategy. By the end of the course, graduates should be able to understand how multi-enterprise firms can create value, be able to identify opportunities to improve strategy, understand and be able to analyze the main benefits and risks of different diversification strategies, understand the economic and organizational realities behind the term "synergy", and be able to identify and analyze synergy opportunities.

Management and corporate governance

This course covers the fundamentals of management theory and practice and the basic principles and practices of business and organizations in a local and international context. You will gain extensive knowledge and experience in designing and implementing strategy at different levels of the corporate organization and other types of organizations such as public, non-profit and cooperative. Specialized options provide insight into the complex and changing relationships between business corporations, their stakeholders, and the societies in which they operate.

Corporate finance

This course describes the theory and practice of corporate finance. It aims to provide a conceptual foundation and establish a framework for corporate investment and financing decisions. The content will be very useful for aspiring investment analysts, financial managers, corporate finance professionals and future CFOs. The course deals with understanding the major financial decisions faced by corporate managers and what corporate finance professionals do and why. We will combine theory with practice to ultimately understand what corporate finance professionals should be doing to increase company value and shareholder wealth. Key topics include time value of money and interest rates, project and company valuation, project analysis, capital budgeting, capital structure decisions, risk/return relationships, financial analysis, etc.

HR Management

This course not only covers theories but also allows students to practice hiring procedures. It focuses primarily on administrative services, personnel administration and performance management, and most importantly, the hiring process. The course helps students to study and acquire the knowledge and principles that are necessary for managing the human resources of a company. The main objective of Human Resource Management is to provide important and adequate resources for the company, therefore, it incorporates a combination of various subjects that include business environment, communication skills and management accounting.

Business ethics

This course is an opportunity to put into practice all the knowledge you have gained and to confirm that the process of negotiation and business communication is dynamic and can always be improved. You will learn to apply key negotiation skills and styles to conduct effective negotiations and reach satisfactory agreements, learn communication techniques that improve relationships and encourage cooperation between stakeholders, and develop critical thinking skills to manage emotions and resolve conflicts constructively.

Project Management

By studying the subject of project management you will get the opportunity to get acquainted with the main processes of project management. You will gain knowledge of project management and acquire the skills and abilities to apply project management in the management system of businesses and other institutional organisations. You will become familiar with the most important concepts and specifications of the key features of innovation and innovative entrepreneurship. Project management brings a range of changes in practice as well as risks and problems arising from them, with the need to identify and eliminate their causes. The course examines project management both in terms of the introduction of project management in companies and the way in which specific projects are managed.

Management accounting

This course introduces students to current management accounting concepts and techniques. Major topics include the role of accountants in internal decision-making; tools used in the design and development of costing systems; the preparation of budgets and their role as a planning and control tool; other decision-making tools including pricing decisions, inventory and quality cost issues, and fraud. You will learn how to use accounting to facilitate and align decision making by owners, managers, and employees, and how accountants create, organize, interpret, and communicate information that improves internal processes and enables organizations to identify and exploit opportunities to create value within the supply chain and with customers.

Internal cost management

This course offers individual managers a unique opportunity to learn cost accounting-based management practices and strategies for making smart business decisions that justify results and create value. You will learn to analyze the performance of projects, and even entire departments, from a financial perspective, gain a deeper understanding of cost management and how resources are allocated within an organization, and understand how to use cost and variance analysis to ensure the success of a specific project or department.

Marketing management

Marketing management is a subject that deals with various concepts of marketing strategies, procedures and new techniques that change depending on the requirements and needs of consumers. The course helps students become familiar with the marketing process, which includes planning, pricing and promotion of goods and services in the target market and focuses on activities such as promotional techniques, cost reduction mechanisms, as well as creating and retaining customers through careful analysis and forecasting on the market.