Financial and Managerial Decision-Making

The microdegree is designed for those interested in a managerial career in international organisations. Upon completion, the participants will be able to make, justify and communicate ethical and informed business decisions. 

 
With whom do you study in this programme? 
Faculty and students of different nationalities create a unique cultural space which broadens your worldview and encourages to think big. The micro-degree is part of the International Business Administration programme that has received the highest international recognition among business schools - accredited by EFMD.  

The learning process combines the acquisition of theoretical knowledge with its application in practical tasks. Lectures cover core concepts of finance and management accounting, which are reinforced through exercises, case studies, discussions, and group work. The business communication course develops presentation and intercultural communication skills through role plays and practical presentations. Independent work, including the analysis of professional literature, homework, and problem-solving tasks — deepens knowledge and connects theory with practice. The learning process fosters critical thinking, ethical reasoning, and professional presentation skills. A blended approach of contact learning and independent study supports flexible and goal-oriented learning.

Principles of Finance - 24 ac/h classroom meetings 
This course provides a practical introduction to key financial concepts like the time value of money, risk and return, and financial instruments. It equips professionals and entrepreneurs with the tools to analyze financial data, assess investment opportunities, and make informed financial decisions. By the end, you will have developed financial literacy and essential analytical skills, preparing you for more advanced finance topics and improving your personal and business financial management. 
Lecturer: Alar Kein 

Accounting for Managerial Decisions - 24 ac/h classroom meetings 
This course equips participants with essential managerial accounting tools for effective decision-making. You will learn how to use financial and non-financial data for planning, budgeting, and resource allocation, as well as apply key techniques such as cost-volume-profit analysis and basic costing methods. By the end, you will be able to use managerial accounting methods to assess business performance, support managerial decisions, and contribute to team-based decision-making while considering ethical implications in performance measurement.
Lecturer: Aet Toots

Professional Communication Skills - 24 ac/h classroom meetings 
This course enhances essential skills for effective communication in international business settings. Through a combination of practical exercises and theoretical insights, you will strengthen your presentation abilities, master selecting the appropriate communication channels, and confidently handle cross-cultural communication challenges. By the end of the course, you will acquire skills for overcome common communication barriers, improve public speaking, and adapt your communication style to diverse professional contexts, ensuring confident and effective interactions in global business environments. 
Lecturer: Anu Lehing

Please note: Participants from non-EU countries must already hold a valid temporary residence permit. Residence permits are not issued for short-term courses, including this microdegree. If you require a permit, please explore our full-time degree programmes instead.

• Higher secondary education degree or an equivalent qualification;
• Valid temporary residence permit or EU citizenship.
• Sufficient proficiency in English (B2)
• Passed online consultation with EBS consultant before January 25, 2026

Upon completing the microdegree, the student will be able to:

1. Link key financial and economic concepts to managerial decisions. (Knowledge)
2. Apply principles of economic and financial analysis to justify management decisions. (Application)
3. Discuss ethical considerations in the decision-making process. (Social competence)
4. Evaluate the impact of human factors on economic and financial decisions. (Personal competence)
5. Present their viewpoints persuasively and professionally. (Transferable skills)

To complete the microdegree, learners must pass all courses with at least a grade of E (51–60%). Assessment is course-based, with differentiated grading (A–F) based on practical tasks and learning outcomes.

Assessment is course-based, with differentiated grading based on practical tasks and learning outcomes of each course (tests, self-reflections, exams e.t.c)

Graduates of the programme will receive a certificate of microdegree with ECTS credits 

The courses takes place at EBS’s modern campus in Tallinn, Lauteri 3. Students have access to ergonomic classrooms, the EBS library, and the cloud-based Canvas learning platform. The study process is supported by online tools such as Canvas and MS Teams. Free Wi-Fi is available throughout the building.