Two year MBA

MBA in Management with specializations 2- year programme 

Our innovative MBA program develops managers and leaders who ignite and inspire lasting growth in a rapidly developing environment. Our teaching approach and specializations provide immersive experience with exceptional education.

  • Build a strong foundation in key areas of business
  • Learn and grow with peers
  • Navigate through the latest management tools
  • Master the new era of business management in a selected field

Earn your MBA without interrupting your professional life. You can choose a slower pace or find an accelerated option to best suit your personal and professional needs.


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Core program of our MBA gives you a solid foundation in organisational economics and financial performance, teaches you how to really organize and manage organisations, and communicates and trains the value of responsible leadership and interpersonal skills. On top of that solid backbone, you can build solid muscle by choosing two of our six specializations. Our top-notch specializations, that are taught by top-tier faculty and established industry professionals, allow you to master a chosen field of business management. We shall provide you with skills, tools, knowledge and confidence to make informed decisions in the challenging technology-driven global business setting. We work with real-life examples in a team centred learning and teaching setting. 



Study year I core program (60 ECTS)

Study year II - specializations (60 ECTS)

Organisational Economics & Financial Performance 

Managing the Organisation 

Responsible Leadership & Interpersonal Skills 


Intrapreneurship & Entrepreneurship 

Management in the Digital Era 

Data Management 

Financial Value for Public and Private Companies

Strategic Marketing





If you are excited about our program and wish to learn from and contribute to EBS community then you are ready to apply. We have gathered everything you need for a painless application process here.


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Requirements for a suitable candidate

  • Non-business 180 ECTS bachelor degree or an equivalent qualification
  • Have at least 3 years of management or team-lead experience. We value both people and process management experience. Show us that in your submitted CV
  • Master sufficient proficiency in English (B2). We offer some courses both in English and Estonian but we expect you to be ready to study in English.
  • Demonstrate their drive in a catchy application

Tuition and financing solutions

Tuition fee is 13 200 € for the full program (core studies - 3100€ semester, specialization modules 3500€ semester)-

  • EU residents can pay the tuition fee either by semester or divide it up to two instalments per semester (35 EUR processing fee applies for instalments)
  • Non-EU residents must pay tuition fee in full for the whole study year that is 6200€ for the first study year and 7000€ for the second study year. 

If you are a resident or a holder of a long-term residence permit in the Republic of Estonia you can pay in several instalments by using Study Investment.



All the candidates, who have received the positive admission decision, hence acceptance letter from EBS, can apply for a scholarship. In order to apply, you need to write an official application letter to the Scholarship Committee. The mission of the Scholarship Committee is to review and award scholarships. The Scholarship Committee makes the decision based on the applicants’ previous experience. Suitable candidates have an entrepreneurial mindset, excellent grades and experiences outside the classroom.


In the application letter the candidate should mention: 

  • Why do they want to study at EBS and which program did they apply for?
  • How are they planning to use the knowledge they gain here and which goals have they set for themselves?
  • What kind of value will they bring to the classroom and to the studies here? 

In EBS, the scholarship gives a discount on the tuition fee. Depending on the decision of the admission committee it can give a  25%, 50%, 75% discount of the tuition fee.

Scholarships are awarded once a year in August. Please send your application to by the 10th of July. 

Academic calendar





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Important dates
1st of

Application round for the study year 2020/2021 opens.

Studies start in Autumn 2020.

1st of
The application deadline for non-EU applicants in DreamApply for the study year 2020/2021. 
1st of
The application deadline in DreamApply for study year 2020/2021 for applicants from EU/EAA countries, Turkey, Russia, Ukraine, Belarus, USA, Canada, and Japan.


Strategic Marketing

The purpose of this specialization is to prepare the students to deal independently and effectively with emerging and new marketing tasks in complex contexts. To provide students with an advanced level of contemporary marketing knowledge and application skills.


After completion of the module the students are able to:

  • Understand and take into account ethical and legal considerations in a professional way in the context of complex marketing tasks;
  • Obtain, analyse and interpret data in order to make evidence-based decisions in a wide range of complex marketing and business-related contexts;
  • Critically apply a wide and thorough knowledge of a variety of foundational and contemporary marketing theories, concepts, and practical principles;
  • Design and implement both long term and short-term marketing strategies and tactical plans;
  • Communicate complex marketing ideas professionally and present marketing solutions in a convincing way in a broad set of personal and group contexts.

Data Management

The objective of this specialization is to address data management principles, practices and technologies, and provide skills to analyse organization’s data in order to develop organizational approaches that both sustain and enhance its value, as data is such a valuable organizational asset that requires careful management in order to maximise its benefits.

  • Upon successful completion of this module the participants will have an understanding, knowledge and skills of data management and data analytics:
  • They will understand the value and nature of organizational data, and the detailed principles and practices required to collect high-quality data, and to review and prepare it for business analysis;
  • They will be able to organize and use real-world data collections and data visualization tools to answer questions about organizations.

Management in the Digital Era

The objective of this specialization is to equip participants with the knowledge on how organisations use, manage and exploit digital technology to improve the performance of their business in today’s digital economy whilst avoiding inherent risks incurred by digital change and innovation.

Upon successful completion of the module, the participants will exhibit sound knowledge and skills in digitalisation, change leadership, technology management and business analytics by:

  • Understanding the organizational and social aspects of digital innovation, and the complex interplay between people, business processes and digital technologies in organizations;
  • Managing, developing and implementing digital technology, services and infrastructure to innovate the performance of the organization;
  • Managing the complexity of digitalisation with the ability to make informed and timely decisions.

Intrapreneurship & Entrepreneurship

The objective of the specialization is to equip participants with the knowledge and skills for creating corporate venture or start-up in a real-life setting. Guide students and teams through ideation, conceptualisation and go-to-market phases by applying business development and innovation management methods and tools.

Upon successful completion of the specialization the student:

  • is able to set up a corporate venture and/or a start-up by identifying the market opportunity and applying appropriate business model; 
  • understand the aspects of financial planning, financing and legal framework;
  •  is able to analyse and implement product and service innovation strategies and value proposition for target market.

Corporate Finance and Value Reporting

The purpose of this specialization is to prepare students to compete in the global marketplace that creates, manages, and sustains corporate value.

After completion of the module, students are able to:

  • Define, implement, and report long-range financial strategies that create value for all interested stakeholders;
  • Evaluate the entire financial position and forward-looking strategies of a corporation, and to recommend and to implement decisions that balance financial returns and risks;
  • Analyze prospective corporate merger opportunities, value financial instruments designed to enhance return and reduce risk of the overall corporate operation, and recommend specific corporate portfolio adjustments based on modern financial investment principles;
  • Implement required internal accounting controls to efficiently report financial performance required by regulatory entities, as well as being able to actively take part in external consulting engagements that connect business decisions to their value enhancing result;
  • Take charge of general or departmental management activities and accept responsibility for financial results and return on invested capital.
Module Module name and subject ECTS Head of module / Responsible lecturer



  Organisational Economics & Financial Performance  15  

Managerial Economics

In order to effectively manage a business, your business decisions have to be informed, confident and based on strong economic data. By applying problem-based approach with real-life cases we shall provide a solid understanding of the operation of markets and macro-economic environment so that you can gain a thorough understanding of your market and manage to design and analyse your strategies accordingly.

3 Meelis Kitsing

Financial and Managerial Accounting

The course will give experience of solving practical problems on the areas of short- and long-term decision making, cost-volume-profit analyses, pricing and budgetary planning. It will guide you and give you practical experience how to read and analyse financial statements and make decisions based on the analyses.

6 Urmas Kaarlep

Corporate Finance

This course gives you the tools to make corporate investment decisions, analyse the relationship between risk and return, and effectively manage capital structure - all within the modern financial and economic market environment. Students will attain a thorough understanding of firm-level financial management, including effective capital raising, corporate compensation matters, and general governance concerns.

6 John P. Broussard
II Managing the Organization 15  

Strategic Management and Innovation

In this course, you will master the art of strategic thinking by obtaining skills to think differently, utilizing new business networks, and consistently developing an ability to innovate strategically. Course will explore the rapidly evolving world of business strategy by focusing on ever-growing importance of user experience, design, and innovation in creating and modifying competitive advantage. 

6 Marko Rillo

Managing People and Organisations

All individuals have an intuitive understanding of how organizations work, but this understanding could differ substantially depending on the specific perspective of organization theory applied. Although organization theory could be characterized as a systematic and methodical approach to knowledge creation, one needs to recognize that in reality there are multiple organization theories which emphasize different descriptions of reality and thus, different practices. This course concentrates on explaining the origin, existence, functionality, and the transformation of organizations as complex systems. By doing so, we see how organization theory is influencing organizational practice including managing people and organizational processes. That is this course aims to answer the questions: How to organize? 

6 Mike Franz Wahl 

Operations Management

This course provides a general introduction to operations management with a focus on industry-leading technology-based solutions. We will cover management skills such as Lean, Six Sigma, and Business Process Management and how businesses are leveraging the latest technologies in business operations in both production and service-based operations. Covered topics on operational applications such as enterprise resources planning, business intelligence, supply chain management, and business process management, provide the students with the tools to navigate a 21st-century business.


3 Sami Soinio




III Responsible Leadership & Interpersonal Skills 15  

Leadership and Ethics

This course will challenge you to think critically about leaders, sources of authority for decision-making, and the challenges and opportunities involved in shaping organizational culture and motivating people. Course will provide analytical frameworks to explore ethical decisions and strategies, discover the diversity of viewpoints and approaches, and map cognitive perils that affect ethical leadership.

3 Jukka Mäkinen

Project Management

This course helps to develop the necessary competencies to prepare, manage and evaluate projects with specific aims and helps to understand the issues related to efficient project team management. Participants are introduced with project management theories and data visualization tools.  By applying project management principles into practice and solving real-life problems relevant in project context in teams, the process guides learners into finding an individual approach to preparing and running a project as a project manager, and the team leader.

3 Marge Täks

Emerging Technologies for Business

The course examines technology as a crucial aspect of business operations and is divided into two parts. The first part focuses on technology projects and investment planning, which includes analysis of financial returns of such projects and their impact on business productivity and the bottom line. The second part of the course focuses on unearthing the connections between technology and product design, development, their strategic management and deployment; marketing and positioning within the external environment. The course enables the student to understand the disruptive yet transformative impact of information technology (IT) on an organization’s overall objectives. Course participants will learn how to integrate IT as a key driver for business process change and continuous improvements. Participants will develop an in-depth understanding of how technology can have a push-effect on an organization’s processes and of the factors, such as organizational desire for change, and corporate culture, that must be in sync to facilitate such an effect, as well as the strategic role that IT leaders must play across functions to effectuate this change. 

3 Andrew Sai

Marketing and Sales

The course equips students with up to date frameworks and fundamental tools necessary for designing, implementing and managing a successful marketing strategy and sales process. It is a dynamic course that looks at marketing and sales in a constantly evolving context, teaching participants how to stay informed, adapt to changes and work strategically. 

The focus of the course is on a customer orientation, customer journey, branding, market segmentation and positioning, measurement and the marketing mix variables of product, price and distribution. Students acquire the skills for creating, communicating, and delivering value to customers with customized products and services. Sales will be looked at as an integrated aspect of this process.

Consolidating the knowledge in the area of marketing and sales helps students to stay on top of changing marketing dynamics and promotes a mindset that encourages to look at challenges as opportunities. As a result, graduates will be able to develop and execute solid marketing and sales strategies that drive brand success.

3 Katri Kerem
IV Graduation Capstones  15  


Speciality Labs




Management Game




Theoretical Quiz




Case Study






Choose 2 specializations to complete the studies! 


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