€5,000 - the cheapest internationally-accredited MBA?


Duncan

I've just found two double MBA programmes taught in English by the AMBA-accredited MBA in central Paris, the National Conservatory of Arts and Crafts (CNAM) for the Bucharest University of Economic Studies (the ASE, Romania's top business school according to http://www.eduniversal-ranking.com/business-school-university-ranking-in-romania.html ). It includes a 1 week study trip to the CNAM Paris – France and/or 3 weeks study trip to California State University, San Bernardino in the USA. French is not required.

The two-year course is available either face-to-face in Romania for 5,000 euro (face-to-face 2 or 3 weekends/month) or in a hybrid on- and off-line course for 8.000 euro ( face-to-face one weekend/month, plus e-learning materials in English or, if you prefer, French).

http://inde.ro/

I think that's an amazing price: is there a cheaper MBA with international accreditation?

PS I notice that they do not call it a part-time course in the brochure: http://inde.ro/pdf/brosura/Brosura%20INDE%20-%20EN%20v2.pdf . I suspect they might provide students visas for non-EU students.

[Edited by Duncan on Apr 04, 2015]

I've just found two double MBA programmes taught in English by the AMBA-accredited MBA in central Paris, the National Conservatory of Arts and Crafts (CNAM) for the Bucharest University of Economic Studies (the ASE, Romania's top business school according to http://www.eduniversal-ranking.com/business-school-university-ranking-in-romania.html ). It includes a 1 week study trip to the CNAM Paris – France and/or 3 weeks study trip to California State University, San Bernardino in the USA. French is not required.

The two-year course is available either face-to-face in Romania for 5,000 euro (face-to-face 2 or 3 weekends/month) or in a hybrid on- and off-line course for 8.000 euro ( face-to-face one weekend/month, plus e-learning materials in English or, if you prefer, French).

http://inde.ro/

I think that's an amazing price: is there a cheaper MBA with international accreditation?

PS I notice that they do not call it a part-time course in the brochure: http://inde.ro/pdf/brosura/Brosura%20INDE%20-%20EN%20v2.pdf . I suspect they might provide students visas for non-EU students.
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Duncan

PS The CNAM MBA by itself is normally €19,000. http://iim-en.cnam.fr/mba/mba-part-time-and-full-time-172324.kjsp

PS The CNAM MBA by itself is normally €19,000. http://iim-en.cnam.fr/mba/mba-part-time-and-full-time-172324.kjsp
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maury

Wow, super price. Since the application requirements are so minimal, should applicants be concerned about cohort quality?

Wow, super price. Since the application requirements are so minimal, should applicants be concerned about cohort quality?
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Duncan

It is obviously aimed at people working in Romania, so it won't be a diverse cohort.

It is obviously aimed at people working in Romania, so it won't be a diverse cohort.
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FastMba

Hi Duncan, how about the French video corse foreseen in the hybrid option?
I am not good in French, so I am wondering if English e-learning is enough.
What's your idea on that?

Hi Duncan, how about the French video corse foreseen in the hybrid option?
I am not good in French, so I am wondering if English e-learning is enough.
What's your idea on that?
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Duncan

Yes, the materials are all in English, so using French is optional.

Yes, the materials are all in English, so using French is optional.
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FastMba

Hi Duncan, as I am travelling often to Romania for business, I am considering applying to the hybrid course, with one face-to-face long weekend lessons for month.
I would like receiving your feedback on this MBA program. I am currently looking for some master with the aim of carrier improvement. I am 39 with more than 15 years of experience in telecommunication industry. On the other hands, I cannot afford expensive MBA, due to the fact that I am the only income of my family.
Thanks for your advises.

Hi Duncan, as I am travelling often to Romania for business, I am considering applying to the hybrid course, with one face-to-face long weekend lessons for month.
I would like receiving your feedback on this MBA program. I am currently looking for some master with the aim of carrier improvement. I am 39 with more than 15 years of experience in telecommunication industry. On the other hands, I cannot afford expensive MBA, due to the fact that I am the only income of my family.
Thanks for your advises.
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Duncan

All I know is the general reputation of the ASE and the CNAM, and the specifics of this programme. I don't know your goals and, f they are in Romania, I just don't know what an MBA would mean. ASE is the country's top school, so it certainly is a good option for Romania.

All I know is the general reputation of the ASE and the CNAM, and the specifics of this programme. I don't know your goals and, f they are in Romania, I just don't know what an MBA would mean. ASE is the country's top school, so it certainly is a good option for Romania.
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FastMba

Duncan, Thanks for your reply.
My goals actually are not working in Romania, as I am working there as (occasionally) business trip and my firm is in Italy.
What I am looking for, is an MBA to speed up my carrier in other countries in Europe, but also in USA/Canada or Latin America.
Do you think this MBA can help me on this, or, it is recommended only for people landed in Romania?

Duncan, Thanks for your reply.
My goals actually are not working in Romania, as I am working there as (occasionally) business trip and my firm is in Italy.
What I am looking for, is an MBA to speed up my carrier in other countries in Europe, but also in USA/Canada or Latin America.
Do you think this MBA can help me on this, or, it is recommended only for people landed in Romania?
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Duncan

I think this depends on your alternatives. f you really want to accelerate your career then you should get into a much better MBA, although that will mean that you will need to study hard to get a great GMAT score, perhaps one good enough to get a partial scholarship, and almost certainly look for a school that partners with a bank or a service like Prodigy to provide loans.

There are very few schools with really global reputations, and with alumni networks that are strong in multiple regions. If you want recognition, then get into the best school you can. I'd recommend this program for someone who wanted the academic content of a rigorous, internationally accredited MBA, but did not want to pay the premium for the world-class faculty, resources, electives, careers services, classmates and alumni network that you'd get in a top-ranked MBA.

I think this depends on your alternatives. f you really want to accelerate your career then you should get into a much better MBA, although that will mean that you will need to study hard to get a great GMAT score, perhaps one good enough to get a partial scholarship, and almost certainly look for a school that partners with a bank or a service like Prodigy to provide loans.

There are very few schools with really global reputations, and with alumni networks that are strong in multiple regions. If you want recognition, then get into the best school you can. I'd recommend this program for someone who wanted the academic content of a rigorous, internationally accredited MBA, but did not want to pay the premium for the world-class faculty, resources, electives, careers services, classmates and alumni network that you'd get in a top-ranked MBA.
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FastMba

Hi Duncan, I paid a visit to the school and, unfortunately, the French e-learning is not an optional. They say that around 50% of the video learning is going to be in French. Nevertheless, the assure that alternatively materials in English can be found to follow up the modules. Face-to face lessons are 100% in English.
I am concern about the result of such approach. What is your idea on that?
Thanks.

Hi Duncan, I paid a visit to the school and, unfortunately, the French e-learning is not an optional. They say that around 50% of the video learning is going to be in French. Nevertheless, the assure that alternatively materials in English can be found to follow up the modules. Face-to face lessons are 100% in English.
I am concern about the result of such approach. What is your idea on that?
Thanks.
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Duncan

I am a bit surprised by that. Do they really think they can recruit so many trilingual Romanians?

I am a bit surprised by that. Do they really think they can recruit so many trilingual Romanians?
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MBAmate

Interesting stuff. I would like to get deeper insights . About faculty ... and after graduation how students are absorbed .. Romania is one of money order economies in EE block.. employment seekers would be looking at industrial cluster countries around Europe .So with mba or without mba what much difference it would make . unless they are migrating without need of work permit in EU ..

Interesting stuff. I would like to get deeper insights . About faculty ... and after graduation how students are absorbed .. Romania is one of money order economies in EE block.. employment seekers would be looking at industrial cluster countries around Europe .So with mba or without mba what much difference it would make . unless they are migrating without need of work permit in EU ..
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Ian

Hi Duncan,
I have shortlisted 3 colleges for Full Time MBA in < €20000 range.
IESEG, CNAM & Paris School Of Business.
I read your earlier post http://find-mba.com/board/europe/mba-at-grenoble-or-cnam-paris-31971 where CNAM & PSB seem bad options. Can you help me again? My objective is Full time MBA, decently ranked, easy admission & early ROI. (Guess I am not asking for too much).

Cheers.
Ian

Hi Duncan,
I have shortlisted 3 colleges for Full Time MBA in < €20000 range.
IESEG, CNAM & Paris School Of Business.
I read your earlier post http://find-mba.com/board/europe/mba-at-grenoble-or-cnam-paris-31971 where CNAM & PSB seem bad options. Can you help me again? My objective is Full time MBA, decently ranked, easy admission & early ROI. (Guess I am not asking for too much).

Cheers.
Ian
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Duncan

Hi Ian,

Considering your budget I'd suggest that you take an internationally accredited MBA somewhere else, like at the CEU, UC3M or one of the schools in Istanbul, or that you take a specialised masters at a ranked French school, ideally in French if that is not your native language.

Hi Ian,

Considering your budget I'd suggest that you take an internationally accredited MBA somewhere else, like at the CEU, UC3M or one of the schools in Istanbul, or that you take a specialised masters at a ranked French school, ideally in French if that is not your native language.
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Ian

Thanks Duncan.
I am learning French and plan to be admitted in Fall'2016. I understand, read & agree with your earlier posts on CNAM & PSB.. What would you suggest for IESEG Paris?
Besides CEU, UC3M and KOC, Istanbul, can you suggest similar colleges?
I am 28/M, 7 years of exp. in Construction industry & Consultancy across Asia.
Is ESSEC 'Advanced Masters in Strategy and Management of International Business' a good option?
My target is Management Consulting (For my current job appreciation) with elective as Entrepreneurship (Want to start a Travel company 5 years ) down the line.

Your everlasting patience is highly appreciated.

Thanks Duncan.
I am learning French and plan to be admitted in Fall'2016. I understand, read & agree with your earlier posts on CNAM & PSB.. What would you suggest for IESEG Paris?
Besides CEU, UC3M and KOC, Istanbul, can you suggest similar colleges?
I am 28/M, 7 years of exp. in Construction industry & Consultancy across Asia.
Is ESSEC 'Advanced Masters in Strategy and Management of International Business' a good option?
My target is Management Consulting (For my current job appreciation) with elective as Entrepreneurship (Want to start a Travel company 5 years ) down the line.

Your everlasting patience is highly appreciated.
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Duncan

If you search the board for CEU and UC3M then you'll find the similar courses.

The ESSEC advanced masters are excellent. I looked at that course seriously myself.

If you search the board for CEU and UC3M then you'll find the similar courses.

The ESSEC advanced masters are excellent. I looked at that course seriously myself.
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Ian

Hi Duncan,
3 questions persist;-
1. Your suggestion in IESEG Paris, MBA.
2. ESSEC advanced Master's has only "10% students with some work experience" as per official website. Do you still think it is a good option for my profile(as given above). I feel I will be among younger students with almost no work experience & curriculum & teaching style will generally cater to them rather than us (Experience of 7 years +) students.
3. I searched the board for similar courses without much luck. Can you plz help me with exact URLs.

Thanks.

Hi Duncan,
3 questions persist;-
1. Your suggestion in IESEG Paris, MBA.
2. ESSEC advanced Master's has only "10% students with some work experience" as per official website. Do you still think it is a good option for my profile(as given above). I feel I will be among younger students with almost no work experience & curriculum & teaching style will generally cater to them rather than us (Experience of 7 years +) students.
3. I searched the board for similar courses without much luck. Can you plz help me with exact URLs.

Thanks.
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Duncan

1. The search is not working very well. Try Google: https://www.google.co.uk/webhp?sourceid=chrome-instant&ion=1&espv=2&ie=UTF-8#q=site:find-mba.com+ieseg
2. The ESSEC MSc is a good option but not a great one for someone with your background. Depending on your visa status, their excellent part-time cohort could be a much better fit. However, the truely great options are above your budget. But it's universally recognised over the last 50 years (correction, the last 100 years) as one of the top three French business schools. It's an amazing asset, a strong group of people and a rigorous experience. Indeed, many of the students will be younger, but they will be higher quality than the MBA students in many ways (not unique to ESSEC: most business schools are more selective for their undergrad and pre-experience programmes than for post-experience. I see that at Edinburgh, where I teach, that we have 15 applicants for each seat in our MSc - making it much more selective than most MBAs). The ESSEC MSc students will go into better roles than the PSB etc students and make faster progress in better organisations.
3. Google is again your friend: https://www.google.co.uk/webhp?sourceid=chrome-instant&ion=1&espv=2&ie=UTF-8#q=site:find-mba.com+ceu+AND+uc3m If there are specific schools whose names you can find but not their websites, then let me know. But the first ten posts there will give you most of what you need to know. In terms of price performance, of course the top schools are the most valuable and that is why they are a great investment. However if your budget is limited then the CEU is the outstanding performer if you don't want to take an MSc. If you don't mind where you study, then the CEU is a much better option than the ESSEC MSc because of the greater centrality of the MBA to CEU's portfolio, and its relationship with the school's founder, and because of the option for a third exchange semester, which is a great opportunity.

[Edited by Duncan on Sep 17, 2015]

1. The search is not working very well. Try Google: https://www.google.co.uk/webhp?sourceid=chrome-instant&ion=1&espv=2&ie=UTF-8#q=site:find-mba.com+ieseg
2. The ESSEC MSc is a good option but not a great one for someone with your background. Depending on your visa status, their excellent part-time cohort could be a much better fit. However, the truely great options are above your budget. But it's universally recognised over the last 50 years (correction, the last 100 years) as one of the top three French business schools. It's an amazing asset, a strong group of people and a rigorous experience. Indeed, many of the students will be younger, but they will be higher quality than the MBA students in many ways (not unique to ESSEC: most business schools are more selective for their undergrad and pre-experience programmes than for post-experience. I see that at Edinburgh, where I teach, that we have 15 applicants for each seat in our MSc - making it much more selective than most MBAs). The ESSEC MSc students will go into better roles than the PSB etc students and make faster progress in better organisations.
3. Google is again your friend: https://www.google.co.uk/webhp?sourceid=chrome-instant&ion=1&espv=2&ie=UTF-8#q=site:find-mba.com+ceu+AND+uc3m If there are specific schools whose names you can find but not their websites, then let me know. But the first ten posts there will give you most of what you need to know. In terms of price performance, of course the top schools are the most valuable and that is why they are a great investment. However if your budget is limited then the CEU is the outstanding performer if you don't want to take an MSc. If you don't mind where you study, then the CEU is a much better option than the ESSEC MSc because of the greater centrality of the MBA to CEU's portfolio, and its relationship with the school's founder, and because of the option for a third exchange semester, which is a great opportunity.
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