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The idea of enrolling into a European business schools might sound posh and sophisticated, or even far-fetched, to some people. However, in the business world, an extensive education is considered a great advantage. Undoubtedly, European business schools offer an individual the best possible education in managing a business.

But the question still remains: what are the benefits of enrolling in a European business school? What are the advantages over enrolling in a business school located in other continents and countries? How do you choose the right school for your master’s degree? What are the different types of MBA programs available in European business schools?

TABLE OF CONTENTS
Section 1: Benefits of Enrolling In European Business Schools
European business schools have international academic accreditations.
They use a hands-on approach in teaching business courses.
European business schools have access to employment schemes.
They offer students the opportunity to learn new foreign languages.
European business schools promote international diversity.
European business schools have smaller class sizes.
They have more specialized MBA programs.
They offer more affordable tuition fees.
Students can build international network connections.
Better return on education investment.
Section 2: How To Choose The Right European Business School
Consider the cost & location.
Consider the quality of the teaching staff & faculty.
Look for International MBA Accreditations associated with the school.
Choose a school that has been established for more than 10 years.
Check the school’s ranking.
Check the admission requirements.
A case study learning format must be available.
Choose a business school that has a flexible schedule.
Courses must be taught in English.
Opt for smaller class sizes.
Consider course program formats, styles & teaching methodologies.
Consider availability of student financial aid.
Decide what MBA specialization you will pursue.
Measure quality of student life in the campus.
Section 3: 7 Types of MBA Programs & Their Implications
Full-Time MBA
Part-Time MBA
Online MBA
Executive MBA
Joint MBA
Modular EMBA
Blended Distance Learning MBA
Section 4: Best Piece of Advice For Students
Benefits of Enrolling In European Business Schools
Many people question, “Why should I consider enrolling in a European Business School?” The clear answer is this: it can offer highly sought-after benefits. Listed below are some examples.

1. European business schools have international academic accreditations.
   European Business schools are known for their global standards. They have strong and competent educational programs that are trusted by multinational corporations. Their business courses are designed to cater for students from different nations, thus granting them academic accreditation in the international business education field. This brings about many benefits and advantages for enrolled in these schools, as they pave the way for greater opportunities. The education an individual receives from internationally-accredited educational institutions is considered to be not just of national standard, but of a standard that is practical and applicable worldwide.
2. They use a hands-on approach in teaching business courses.
   European business schools are found mostly in the heart of big cities. This makes internships easier for students. Multinational companies are co-located with European business schools. As part of the hands-on approach to teaching business courses, professors encourage students to work for large companies outside the four walls of their classrooms and spacious libraries. This gives students a wider perspective of the corporate world and practical experience of how to deal with real–life situations and challenges a business may face.
3. European business schools have access to employment schemes.
   European business schools also pay attention to their graduates’ employment after graduation. In fact, they collate lists of potential future employers for their students. This ensures employability of the business students after graduation. Periodic job fairs are also conducted in these schools. This in turn offers more venues and opportunities for their learners to meet with possible employers.

Even if not applying for a job in Europe, graduates are still guaranteed to have an edge when applying elsewhere in the world. They may even consider working for the largest multinationals such as Google and Accenture, as these companies hire high numbers of European graduates.

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How to Choose the Right European Business School
Numerous European business schools offer different degree programs, skill-sets and knowledge as well as demanding differing amounts of time and money from the student. Therefore, how do you decide which one to choose?

1. Consider the cost & location.
   There must be a balance between the cost of education and the possible return of investment from the program. Carefully considering the cost of enrolling in the MBA program as well as the living expenses while undergoing the program is very important. A visit to the school you are considering is highly recommended to take into account the lifestyle, environment and set-up of the school you are learning from. It is also a good idea to investigate whether the location allows you access to companies you might want to later apply to, or industries you may consider working for.
2. Consider the quality of the teaching staff & faculty.
   In the case of business schools, high-quality education will only be received if the faculty members and staff are also of high quality. This should be the most important aspect when choosing a European business school. Faculty members also invest their time and energy in consultancy and research so they could effectively apply them in their respective classes. Because of this extensive training of the teaching staff, the general knowledge and experience is wholesome and elevating.
3. Look for International MBA Accreditations associated with the school.
   It is essential that you identify the MBA accreditations of the school and assess if they are recognised by international bodies such as the European Quality Improvement System (EQUIS). Not all schools qualify for these accreditations. Consider how dedicated and steadfast they are in terms of complying with the international educational standards. You can only choose one institution, and you are going to spend a whole year with it. So, ensuring the standards met by the school is necessary for your own benefit.

Read the other 11 criteria
7 Types of MBA Programs & Their Implications
Choosing the right MBA program is crucial. To do this it is essential to know and understand the types of MBA specializations and their implications so as to decide what will work best for you.

1. Full-Time MBA
   This is a great option if you want to finish your MBA course in a year. It has a shortened length of time to complete the program and get a diploma. This type of course is, however, demanding, and students are rarely able to work in the 12-month period whilst undergoing the study program.
2. Part-Time MBA
   Unlike full-time MBA programs, part-time MBAs offer a more relaxed environment. Classes only occur during the evenings and weekends, thereby allowing you to be able to still work for a company while you study. However, part-time MBAs can take at least twice the amount of time. There are also schools that let you graduate from a part-time MBA course within 18 months. This is a better option for those individuals who would like to spend time working whilst studying.
3. Online MBA
   It is now possible to undertake an online MBA where you needn’t attend classes on the campus itself. This is an option if you do not have a flexible schedule. Independence, time management and project management skills can be developed through online MBAs. This is a recommended option for working professionals and students who cannot afford to spend lengthy amounts of time in classroom sessions.

If you are looking to complete a graduate degree, one of the more prized options is the MBA (Master’s of Business Administration), especially when combined with another discipline such as law, healthcare, environment, computers, etc.

The NCES (National Center for Education Statistics, a branch of the U.S. Dept. of Education) College Navigator lists well over 1,000 colleges and universities offering at least one MBA program. That’s a lot of MBA programs to filter through. Of course, there are several independent MBA rankings lists that might help you. But there’s still the problem of cost. A top-quality MBA program might run as high as $200K in tuition, fees, room and board, books and so on, and take up to two years full-time. That’s obviously a major commitment, especially if you are only interested in the knowledge that an MBA provides, or want to try the topic on for size before taking time off work (or delaying a paying career).

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Fortunately, there’s an alternative, if you do not want or need a piece of paper stating that you completed the degree, but want the knowledge all the same, or otherwise cannot commit up to years full-time or do not have the funds. The alternative; gaining the equivalent of an MBA education through free online courses. Some online learning sites even offer a certification of completion at a small fee per course that is much less than what you would pay for degree credit at a college or university. So you might even be able to convince your employer to sponsor you in a certificate track and reap the knowledge of an MBA-equivalent program at a fraction of the cost.

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Of course, only a few short years ago, this would not have been possible. A few business courses have previously been offered online, but not the equivalent of an entire MBA curriculum. However, with the launch of online learning Web sites like Coursera.org, and education initiatives such as edX, OCW (OpenCourseWare)/ OEC (Open Education Consortium) and others, many institutions of higher learning across the world have since released either full MBA curriculum course materials/MOOCs online, or the equivalent content. There are also electives galore, collectively across the hundreds of online learning sites and Apple’s iTunes University.

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Disclaimer: Some courses may include an affiliate link. Courses were chosen first based on the methodology with affiliate links only added after the ranking was complete.

Free MBA Options
The options for a free MBA fall into a handful of categories:

Full scholarship to qualified MBA candidates – limited availability. For example, University of Missouri-Kansas Henry W. Bloch School of Management announced that Fall 2015 admittees will have tuition (but not university fees and health insurance) covered.
Full sponsorship by employer – limited availability.
Select institutions that provide free tuition to local students – limited availability.
Free online courses equivalent to a typical MBA curriculum – open availability.
Of these options, only the last one has wide open availability to anyone in the world with an Internet connection and a computer or in some cases a mobile device such as a smartphone or tablet. This is the option that we will focus on for the rest of the article.

Online Course Categories and sources
While there are hundreds of online learning Web sites, finding MBA curriculum-equivalent courses is no small task. Fortunately, in a non-comprehensive search, we found no fewer than 41 institutions of higher learning around the world that have released courses which fall into the following categories:

Full or partial content of actual MBA curriculum core/ flex core business courses.
The equivalent of MBA curriculum core/ flex core business courses.
Full or partial content of actual MBA curriculum elective courses.
The equivalent of MBA curriculum elective courses.
By “course” we mean here either a collection of lectures and study materials from a real bricks-and-mortar, on-campus course, or a MOOC (Massive Open Online Course) — the latter being more interactive and potentially more valuable. While the majority of courses relevant to this article are provided by Coursera.org, edX and school-specific OCW sites, consult our comprehensive guide to MOOC providers to explore other online learning providers.)

Is a Free Online MBA Self-Study Program Worth the Time?
If you were to enter a top MBA program such as one offered by the University of Pennsylvania’s Wharton School of Business, you are likely to spend about $200,000 for all expenses, plus two years living in or near Philadelphia. Alternatively, you could take a less expensive online MBA program through another school. However, if you are purely seeking knowledge, as mentioned earlier, why not take a free equivalent curriculum of a top MBA school instead of paying for degree at a lesser known school whose accreditation may be questionable?

It just so happens that Wharton released lectures and study materials on Coursera for the first year of their MBA core and some “flexible core” curriculum courses. When you pair these courses with MBA-level business and elective courses from a selection of other top b-schools such as University of Virginia Darden, Harvard, MIT Sloan, you have a self-study program nearing the equivalent of an MBA. Add in the handful of MBA-level courses/ study materials that each of another three dozen or so b-schools are offering free online, and you have considerable leeway to fine-tune your MBA knowledge. Add in a specialization of computer science, chemistry, biomedicine, cognitive science, engineering (various), architecture, environmental studies, mathematics or any of dozens of other subjects available from a multitude of free online courses and you potentially gain a body of knowledge that could change your career opportunities for the better.

Obviously, you are not going to get the same benefits from a self-study approach as you would in an in-person program. Often, one important benefit of being at a top b-school is being able to build a network of connections – to colleagues, alumni and professors. Another is the opportunity for getting an internship. However, for what you potentially gain at no cost, it’s a question of whether you want the b-school experience or the knowledge. If it’s the knowledge you are looking for, read on.

A Sample Free MBA Self-Study Program
While most b-schools have their MBA curriculum published on their website, it’s easier to use Wharton’s since the school is offering four of their core courses as MOOCs, along with five electives, on Coursera.org. The Wharton MOOCs even have an option for a paid certificate of completion (at $49 per course). As time progresses, other b-schools may release curriculum course materials or equivalent MOOCs. For now we’ll use Wharton’s MBA curriculum course titles as a baseline for planning a free-MBA self-study curriculum. Another reason that Wharton’s MBA curriculum is an ideal baseline choice for building a self-study program is because several of their international study partner institutions also offer one or more MBA-level courses/ MOOCs through Coursera and other learning platforms.

While it’s beyond the scope of this article to give every possible alternative, we’ll include a couple of alternatives per course, when available. The result is a more robust program that you can fine-tune yourself, or substitute courses for when there’s no current in-session MOOC. Of course, the Wharton MOOCs are often taught by the professors who give the equivalent on-campus courses, so substituting courses/ MOOCs is useful when there’s no Wharton equivalent. Substitutions for Wharton electives, however, have the most options.

NOTES:

The following list Wharton MBA courses are taken from the school’s curriculum snapshot (PDF).
Courses are subject to change, as are credit values.
The “fixed core” requirement totals 3.5 credit units (cu) and the “flexible core” totals 5.5 cu.
Electives total 10 cu and can be selected from over 200 courses across 18 majors.
Students can select a “focus” for their MBA. A few examples are Entrepreneurial, Consulting, Real Estate, Marketing, Retail, and Financial Services.
Equivalency of courses is meant loosely. The alternative courses listed are recommendations only. Please be sure to read the Wharton curriculum course description and compare to selected alternatives.For each Wharton curriculum course, we’ve provided links one or more free online courses that are equivalent in theory if not exactly the same.
Some courses listed may not have open sessions. Please check the learning platform provider’s site for more details.
Links to educational institutions are provided after the Wharton curriculum course list, below.
When you design your own free-MBA study plan, you can fine-tune selections to your preferences. Electives are not listed here; however, some links are provided after the course list.

Wharton MBA Fixed-Core Curriculum Courses
For “fixed core” courses, all of the following must be taken.

1. WHARTON COURSE: MGMT 610: FOUNDATIONS OF TEAMWORK AND LEADERSHIP
   This is a compulsory (e.g., no waiver allowed) core course in the Wharton MBA curriculum and falls into the category of Management. Credit value =0.5 cu (credit units). Wharton course description excerpt: “This course focuses on developing students’ knowledge and skill set for teamwork and leadership. The course is meant to be an intense immersion experience that draws strongly on the pedagogy of the Wharton Teamwork and Leadership Simulation, a team-based, highly interactive simulation that was custom-designed specifically to allow students to experience the core concepts they will learn in this class.” Online course equivalents are as follows:

Inspiring Leadership through Emotional Intelligence, Case Western Reserve, Coursera.
Leadership in 21st Century Organizations, Copenhagen Business School, Coursera.
International Leadership and Organizational Behavior, Universita Bocconi, Coursera.

2. WHARTON COURSE: MKTG 611: MARKETING MANAGEMENT
   This is a fixed core course worth 0.5cu. Wharton course description excerpt: “This course addresses how to design and implement the best combination of marketing efforts to carry out a firm’s strategy in its target markets.”. Online course equivalents are as follows:

Introduction to Marketing, University of Pennsylvania/ Wharton, Coursera.
Marketing Management, MIT Sloan, MIT OCW.
Special Seminar in Marketing: Marketing Management, MIT Sloan, MIT OCW.

3. WHARTON COURSE: OPIM 611: QUALITY AND PRODUCTIVITY
   This is a fixed core course worth 0.5cu. The category is Operations and Information Management (OPIM). Wharton course description excerpt: “Matching supply with demand is an enormous challenge for firms: excess supply is too costly, inadequate supply irritates customers. In the course, we will explore how firms can better organize their operations so that they more effectively align their supply with the demand for their products and services.”. Online course equivalents are as follows:

An Introduction to Operations Management, University of Pennsylvania/ Wharton, Coursera.
Introduction to Operations Management, MIT, MIT OCW. (Older course versions with slightly different titles also available.)
Operations Management, UIUC (University of Illinois at Urbana-Champaign), Coursera.
Business Operations and Management, Kutztown University of Pennsylvania, SBDC.

4. WHARTON COURSE: STAT 613: REGRESSION ANALYSIS FOR BUSINESS
   This is a fixed core statistics course (1.0cu) designed specifically for business students. Wharton course description excerpt: “This course provides the fundamental methods of statistical analysis, the art and science if extracting information from data. The course will begin with a focus on the basic elements of exploratory data analysis, probability theory and statistic inference. With this as a foundation, it will proceed to explore the use of the key statistical methodology known as regression analysis for solving business problems, such as the prediction of future sales and the response of the market to price changes.”. Online course equivalents are as follows:

Statistics With Python, University of Michigan, Coursera.
Intro to Statistics: Making Decisions Based on Data, Stanford, Udacity.
Data Analysis and Statistical Inference , Duke University, Coursera. (NOTE: This is part of Duke University’s Coursera specialization Reasoning, Data Analysis, and Writing.)

5. WHARTON COURSE: MGEC 611/612: MICROECONOMICS FOR MANAGERS
   There are two fixed core courses in Managerial Economics (MGEC). The first is MGEC 611, which sets the foundations, and the second is MGEC 612, which is an advanced course. Together, both courses total 1.0cu. Description excerpt for MGEC 611: “This course establishes the economic foundations for understanding business decision-making.” Description excerpt for MGEC 612: “This course will cover the economic foundations of business strategy and decision-making in market environments with less than full information.” Online course equivalents are as follows:

Principles of Microeconomics, University of Pennsylvania/ Wharton, Coursera.
Microeconomics Principles, UIUC (University of Illinois at Urbana-Champaign), Coursera.
The Power of Microeconomics: Economic Principles in the Real World, UC Irvine, Coursera.
Introduction to Microeconomics, MIT, MIT OpenCourseWare.

6. WHARTON COURSE: WHCP 611: MANAGEMENT COMMUNICATION
   This is a compulsory core course from the Wharton Communication Program (WHCP) worth 0.25cu. Wharton course description excerpt: “In this seminar-style course,
   students learn the essentials of persuasion, gain confidence in public speaking, and receive individualized feedback from instructors and second-year TAs: Wharton-Omnicom Communication Fellows. The course enables students to develop and demonstrate effective, business-oriented communication skills, regardless of their skill level when they start the course”. An online course equivalent is as follows:

Introduction to Public Speaking, University of Washington, Coursera.
Communication in the 21st Century Workplace, UC Irvine, Coursera. (NOTE: Part of a Coursera specialization – course link TBA.)
The Art of Negotiation, UC Irvine, Coursera. (NOTE: Part of a Coursera specialization – course link TBA.)
Introduction to Communication Science, University of Amsterdam, Coursera. (NOTE: This is about communication theory; not specifically about public speaking.)

7. WHARTON COURSE: WHCP 620: WRITING REQUIREMENT
   This is a compulsory (no waivers) fixed core course in Communications worth 0cu (no credit). Course description excerpt: “The course objectives are to teach clear, concise, persuasive writing.”. Online course equivalents are as follows:

English Composition I: Achieving Expertise, Duke University, Coursera.
High-Impact Business Writing, UC Irvine, Coursera. (NOTE: Part of a Coursera specialization – course link TBA.)
Communication, Management and Your Own Context, Open University, OpenLearn.
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Wharton MBA Flexible Core Course Curriculum
Flexible core courses are selected one per “requirement,” to a maximum of 5.5 credit units. Requirement options are as follows:

ACCT: Accounting
FNCE: Finance: Corporate Finance
FNCE: Finance: Macroeconomics
LGST: Legal Studies and Business Ethics – compulsory
MGMT: Management – compulsory
MKTG: Marketing
OPIM: Operations – compulsory
WHCP: Communications – compulsory
These requirement categories are represented by the course entries numbered #8-15, below. Note that some requirements are compulsory, as indicated in each requirement entry below. In other words, for a typical Wharton MBA, you would need to choose one course from each of LGST, MGMT, OPIM and WHCP. Any remaining credits can be fulfilled from any of the above non-compulsory requirements (with a few exceptions), for a total of 5.5 credits (minimum). Obviously, for a self-study program, you do not need to be as rigid.

8. WHARTON REQUIREMENT: ACCOUNTING
   This requirement can be fulfilled from one of three courses: ACCT 611: Financial Accounting, ACCT 612: Accelerated Financial Accounting or ACCT 613: Financial and Managerial Accounting. ACCT 612 is worth 0.5cu, and the other two 1.0cu. Each covers different aspects of basic accounting principles. Select one to suit your interests. Excerpts of Wharton course descriptions are as follows:

ACCT 611: “The objective of this course is to provide an understanding of financial accounting fundamentals for prospective consumers of corporate financial information, such as managers, stockholders, financial analysts, and creditors. The course focuses on understanding how economic events like corporate investments, financing transactions and operating activities are recorded in the three main financial statements (i.e., the income statement, balance sheet, and statement of cash flows).”
ACCT 612: “The intended audience for this course is students with prior knowledge of financial accounting who understand: (1) the recording of economic transactions in the accounting records; (2) the basic financial statements that summarize a firm’s economic transactions (the balance sheet, the income statement and the statement of cash flows) and (3) the fundamental concepts needed to prepare or understand published financial statements (e.g. use of accrual accounting).”
ACCT 613: “This course provides an introduction to both financial and managerial accounting, and emphasizes the analysis and evaluation of accounting information as part of the managerial processes of planning, decision-making, and control. A large aspect of the course covers the fundamentals of financial accounting.”
Free equivalent options are:

An Introduction To Financial Accounting, University of Pennsylvania/ Wharton, Coursera.
Managerial Accounting: Cost Behaviors, Systems, and Analysis, UIUC (University of Illinois at Urbana-Champaign, Coursera.
Managerial Accounting: Planning, Standard Costing, and Performance Measurement, UIUC (University of Illinois at Urbana-Champaign, Coursera.

9. WHARTON REQUIREMENT: FINANCE: CORPORATE FINANCE
   Wharton has two Finance course requirements. This one is for Corporate Finance, the other, in #10, is for Macroeconomics. The three options for the Corporate Finance requirements are FNCE 611: Corporate Finance (1.0cu), FNCE 612: Accelerated Corporate Finance (0.5cu), and FNCE 614: Introduction to Corporate Finance (0.5cu). A finance major would take either of FNCE 611 and FNCE 612. Note: Wharton does not allow students to take both FNCE 614 and FNCE 615 (see #10 below). Wharton course descriptions are as follows:

FNCE 611: “This course serves as an introduction to business finance (corporate financial management and investments) for both non-majors and majors preparing for upper-level course work. The primary objective is to provide a framework, concepts, and tools for analyzing financial decisions based on fundamental principles of modern financial theory.”
FNCE 612: “This course is intended for students with prior knowledge of finance or with strong analytical backgrounds. Together with the pre-term preparation course (FNCE604), it forms the foundation for subsequent courses in corporate finance, corporate valuation, investments, and financial derivatives. Its purpose is to develop a framework for analyzing a firm’s investment and financial decisions.”
FNCE 614: “This course serves as an introduction to corporate investments for non-majors. The primary objective is to provide a framework, concepts, and tools for analyzing financial decisions based on fundamental principles of modern financial theory.”
Free equivalent options for some or all of these courses are:

Introduction to Corporate Finance, UPenn/ Wharton, Coursera.
Introduction To Finance and Accounting Specialization, Wharton, Coursera.
Corporate Finance Essentials, IESE Business School, Coursera.
Finance, Kutztown University of Pennsylvania, SBDC.
Corporate Finance Essentials, UIUC (University of Illinois at Urbana-Champaign), Coursera.

10. WHARTON REQUIREMENT: FINANCE: MACROECONOMICS
    This is the second Finance requirement for an MBA. The two course options are FNCE 613: Macroeconomics and the Global Economic Environment (1.0cu) and FNCE 615: Introduction to Macroeconomics and the Global Economic Environment (0.5cu). A finance major would select FNCE 613. Other MBA students can choose from either 613 or 615. Wharton course description excerpts are as follows:

FNCE 613: “This course is required of all students except those who, having prior training in macroeconomics, money and banking, and stabilization policy at an intermediate or advanced level, can obtain a waiver by passing an examination. The purpose of FNCE 613 is to train the student to think systematically about the current state of the economy and macroeconomic policy, and to be able to evaluate the economic environment within which business and financial decisions are made.”
FNCE 615: “FNCE 615 is a half-semester overview of macroeconomics … intended strictly for non-Finance majors. This course is new to the curriculum … will likely begin with the national income and products, which are the basic source of data on important macroeconomic data such as GDP, consumption, investment, exports and imports as well as prices.”
Free equivalent options include:

Applied Macro- and International Economics, MIT Sloan, MIT OCW.
Macro and International Economics, MIT Sloan, MIT OCW.
Development Economics: Macroeconomics, MIT Sloan, MIT OCW.
OCW Scholar: Principles of Microeconomics, MIT Sloan, MIT OCW.
The Power of Macroeconomics Economic Principles in the Real World, UC Irvine, Coursera.
Principles of Macroeconomics, Missouri State University, iTunes U.
ECON 102: Principles of Macroeconomics, Saylor.org Academy
ECON 202: Intermediate Macroeconomics, Saylor.org Academy.
Corporate Finance 1: Measuring and Value Creation, University of Illinois, Coursera
The Power of Macroeconomics: Economic Principles in the Real World, UCI, Coursera

11. WHARTON REQUIREMENT: LEGAL STUDIES AND BUSINESS ETHICS
    This is a compulsory flex core requirement, with the two options being LGST 611: Responsibility in Global Management (0.5cu) and LGST 612: Responsibility in Professional Services (0.5cu). Wharton course description excerpts are as follows:

LGST 611: “This course uses the global business context to introduce students to important legal and ethical challenges they will face as business leaders, with a particular focus on large, publicly traded, multinational corporations.”
LGST 612: “This course uses a professional services context to introduce students to important ethical and legal challenges they will face as leaders in such fields as financial services, health care, real estate, and consulting. However, the scope is not limited to these contexts and will be equally useful to students preparing for any managerial position that is likely to place them in advisory and/or agency roles owing duties to employers, clients, suppliers, and customers.”
Free equivalent options include:

Rethinking International Tax Law, Universiteit Leiden, Coursera.
The Age of Sustainable Development, Columbia University, Coursera.
The Sustainable Development Goals, University of Copenhagen, Coursera.

12. WHARTON REQUIREMENT: MANAGEMENT
    This is a compulsory requirement, with the two options being MGMT 611: Managing Established Enterprises (1.0cu) and MGMT 612: Management of Emerging Enterprises (1.0cu). Wharton course description excerpts are as follows:

MGMT 611: “The management of large, established enterprises creates a range of multi-facet challenges for the general manager. A general manager needs to understand the internal workings of a firm, how to assess and create a strategy,an how to take into account increasing, globalization.”
MGMT 612: “The management of emerging enterprises – new, small, entrepreneurial organizations – creates a range of multi-faceted challenges for the entrepreneur, whether the founder (and founding team) or the first generation of management. Establishing an emerging organization’s unique business model or value proposition (not to mention its survival) is often the overriding preoccupation, but even in a new, small organization, managers need to under- stand how to develop the internal workings of a new firm, how to assess and create a strategy, and how to take into account ever-increasing globalization.”

Free equivalent options include:

Critical Perspectives on Management, IE Business School, Coursera.
Grow to Greatness: Smart Growth for Private Businesses, Part I, University of Virginia / Darden, Coursera.
Grow To Greatness: Smart Growth For Private Businesses, Part II, University of Virginia / Darden, Coursera.
Beyond Silicon Valley: Growing Entrepreneurship in Transitioning Economies, Case Western Reserve University, Coursera.
Management Development, Kutztown University of Pennsylvania, SBDC.

13. WHARTON REQUIREMENT: MARKETING
    This is the Marketing “requirement,” which is not compulsory. The two course options are MKTG 612: Dynamic Marketing Strategy (0.5cu) and MKTG 613: Strategic Marketing Simulations (0.5cu). Wharton course description excerpts are as follows:

MKTG 612: “Building upon [MKTG] 611, the goal of this course is to develop skills in formulating and implementing marketing strategies for brands and businesses. The course will focus on issues such as the selection of which businesses and segments to compete in, how to allocate resources across businesses, segments, and elements of the marketing mix, as well as other significant strategic issues facing today’s managers in a dynamic competitive environment.”
MKTG 613: “Building upon Marketing 611, Marketing 613 is an intensive immersion course designed to develop skills in formulating and implementing marketing strategies for brands and businesses.”
Free equivalent options include:

Foundations of Business Strategy, University of Virginia/ Darden, Coursera.
An Introduction to Consumer Neuroscience & Neuromarketing, Copenhagen Business School, Coursera.
Scaling Operations: Linking Strategy and Execution, Northwestern University / Kellogg, Coursera.

14. WHARTON REQUIREMENT: OPERATIONS
    This is a compulsory requirement, with the four course options being OPIM 612: Business Analytics (0.5cu), OPIM 613: Information Technology and Business
    Transformation (0.5cu), OPIM 614: Innovation (0.5cu) and OPIM 615: Operations Strategy (0.5cu). Wharton course description excerpts are as follows:

OPIM 612: “OPIM612 is a course on business analytics tools and their application to management problems. Its main topics are optimization, decision making under uncertainty, and simulation. The emphasis is on business analytics tools that are widely used in diverse industries and functional areas, including operations, finance, accounting, and marketing.”
OPIM 613: “The purpose of this course is to improve understanding of how information technologies enable transformation of business models within existing organizations as well as the development of completely new business models and new organizational forms.”
OPIM 614: “The course is first and foremost an intensive, integrative, project course in which student teams create one or more real businesses.”
OPIM 615: “In this course we will 1) learn how to assess the appropriate level of supply flexibility for a given industry and 2) explore strategies for economically increasing a firm’s supply flexibility.”
Free equivalent options include:

Creativity, Innovation, and Change, Penn State, Coursera.
Scaling operations: Linking strategy and execution, Northwestern University/ Kellogg, Coursera.
Process Improvement, UIUC (University of Illinois at Urbana-Champaign ), Coursera.

15. WHARTON REQUIREMENT: COMMUNICATIONS
    This is a compulsory requirement, with the three options being WHCP 612: Advanced Persuasive Speaking (0.25cu), WHCP 613: Advanced Persuasion and Data Display (0.25cu) and WHCP 615: Comm. Challenges for Entrepreneurs (0.25cu). Wharton course description excerpts are as follows:

WHCP 612: There are three different contexts for this course: (1) Advanced Persuasion: Convincing Business Audiences, (2) Advanced Persuasion: Crisis Communication, (3) Advanced Persuasion: Fundamentals for Prospective Entrepreneurs.The general objective of each context is to improve communications skills, particularly in verbal communication.
WHCP 613: “Teaches students to create and deliver persuasive presentations using slides to present key messages and data.”
WHCP 615: “This course is designed for students who are currently active in starting a business while at Wharton. The goal of this course is to build on the presentation skills developed in WHCP 611 by focusing on the unique challenges entrepreneurs face when communicating their business plan to investors.”
Free equivalent option:

Think Again: How to Reason and Argue, Duke University, Coursera.
NOTE: The first two courses listed above are parts 1 and 4 of Duke University’s 4-course Coursera specialization “Reasoning, Data Analysis, and Writing.” Parts 2 and 3 are elsewhere in this list (see Fixed Core entries for regression analysis and communication/ writing).

Wrapup
Electives for the remaining 10.0cu (credit units) required for a Wharton MBA are beyond the scope of this article and are left as an exercise. Consult MIT OCW (Sloan School of Management), Open Education Consortium, UC Irvine OCW, Open University and edX as a starting point for possible elective options. For other perspectives on no- or low-pay MBAs, see No-Pay MBA and SlideRule. You can also consult Colorado State for an alternate MBA curriculum.

Colleges and Universities Represented
The following list contains links to the official Web sites of the institutions of higher learning that are collectively represented by all of the courses listed above:

• Bocconi University / Universita Bocconi.
• Case Western Reserve.
• Columbia University.
• Copenhagen Business School.
• Duke University.
• IE Business School.
• Kutztown University of Pennsylvania.
• Leiden University/ Universiteit Leiden.
• MIT (Massachusetts Institute of Technology) Sloan School of Management.
• Missouri State University.
• Northwestern University / Kellogg School of Management.
• Ohio State University.
• Open University.
• Penn State (Pennsylvania State University).
• Princeton University.
• Saylor Foundation/ Saylor.org Academy.
• Stanford University.
• University of Amsterdam.
• UC (University of California) Irvine.
• UIUC (University of Illinois at Urbana-Champaign).
• University of Melbourne.
• University of Michigan / Ross School of Business.
• University of Navarra/ IESE Business School.
• University of Pennsylvania / Wharton School of Business.
• University of Pennsylvania / Medill School of Journalism.
• University of Pennsylvania School of Design / PennDesign.
• University of Virginia / Darden School of Business.
• University of Washington.

IE Business School reigns supreme in this year’s European online MBA programme top 10 – read on to see if there were any new additions this year.

The online MBA programme at Spain’s IE Business School has been ranked not only the best in Europe once more, but also the best in the world in the QS Online MBA Ranking 2021.

Released today, the QS Online MBA Rankings assess the online MBA offerings of 57 business schools worldwide. You can find out more about the methodology used to produce the rankings here.

Read on to find out more about the top 10 programmes setting the standard for exceptional online MBA provision worldwide.

Top 10 Online MBA Programmes at European Business Schools 2021
Rank	Business School	Location
1	IE Business School	Spain
2	Imperial College Business School	UK
3	Warwick Business School	UK
4	Alliance Manchester Business School	UK
5	MIP Politecnico di Milano Graduate School of Business	Italy
6	Vlerick Business School	Belgium
7	Durham University Business School	UK
8	Oxford Brookes Business School	UK
9	Birmingham Business School	UK
10	EU Business School	Spain

10) EU Business School
EU Business School

Kicking off this year’s European top 10 in QS’s Online MBA rankings 2021 is EU Business School.

53 percent of students on EU Business School’s online MBA programme also identify as female (however, a slight drop from 56 percent last year).

The online MBA programme boasts 100 percent international students and has received a perfect score in class experience. The student cohort’s average years of work experience is high at 9.5.

Upon graduation, EU Business School students receive a state-accredited MBA from the University of Roehampton in London, as well as their EU degree.

The program – which can be completed in 12 or 15 months – is a mix of interactive webinars, business simulations and on-campus networking opportunities, giving students the opportunity to personalize their e-learning experience.

Tuition is EUR17,400, equivalent to US$19,515.84.

9) Birmingham Business School
Birmingham Business School

The online MBA programme at Birmingham scored quite highly for the class profile and class experience indicators.

Ranked joint-13th globally (alongside University of Otago Business School), Birmingham online MBA programme has 350 students in this year’s cohort. 40 percent of students are female, 69 percent are international, and 25 nationalities are represented. Students have an average of 13 years work experience under their belt.

Students can begin the programme in March, June, or October.

The 180-credit programme is split between 12 modules, plus a final dissertation which is completed in the final six months of the programme. Elective module options include Critical Integration in Management and Entrepreneurship and Innovation.

To assess your understanding, you will be asked to complete a range of coursework-based assignments, including written reports, essays and group presentations.

Established in 2015, students complete the programme in 2.5 years. The programme costs US$29,534.

8) Oxford Brookes Business School
oxford brookes business school

Oxford Brookes Business School’s Global MBA programme is ranked 12th in the world.

Compulsory face-to-face time on Oxford’s Global MBA programme includes two three-day residential hotel-based workshops and one six-day on-campus module in Oxford. Students can choose to take these 12 days in a row, or bite-sized blocks of three and six days. Students are supported by their dedicated Academic Advisor.

Of the 362 students currently enrolled, 50 percent are international, 41 percent are female, and 41 nationalities are represented. Students have an average of 13 years work experience under their belt. Since the programme’s inception in 2002, there have been 1,371 graduates.

Tuition is $25,432 – 76 percent of students are self-funded, 22 percent are on a full company scholarship and two percent received a partial company scholarship.

7) Durham University Business School
Durham University Business School

Durham Online MBA students will be expected to devote around 15 hours per week to study. Online modules are delivered over a 12-week period, including assessments.

Optional residential modules are offered in Durham at points throughout the year. The Residential includes speaker events, a variety of social events, and a truly unique opportunity to enjoy the Durham experience.

Online MBA students will complete five core modules (Accounting, Finance and Economics, Leading and Managing People, Marketing, Operations and Technology, Strategic Management), two optional modules, and a Strategic Case Analysis.

There are 281 students currently enrolled on the programme, of which 29 percent are female, 53 percent at international and 24 nationalities are represented. Students have an average of 16 years work experience under their belt – the join-highest in the global ranking. Launched in 1998, the programme boasts 2,862 graduates. The two-year programme costs US$32,815.

6) Vlerick Business School
Vlerick Business School

In ninth place is new-entry Vlerick Business School, the only Belgian school on the list. The school’s online MBA programme – with a standard duration of 26 months – can be shortened to just over a year through a Fast Track option or extended to a maximum of five years if needed.

The programme is made up of 12 courses, a practical Knowledge in Action Project and an interactive game, and received high scores in the faculty and teaching and employability indicators. This year’s class profile includes the smallest cohort on the list – 76 students – with 40 percent international and female students respectively.

Total fees are €37,500 (approx. US$43,990).

5) MIP Politecnico di Milano Graduate School of Business
MIP’s online iFlex which has a standard duration of 24 months. The programme was among the top scorers for class experience and faculty and teaching.

The course requires applicants to have at least six years of professional experience, with current students having an average of 13 years of industry experience. 29 nationalities are represented in the cohort – accounting for 41 percent of international students – and 17 percent of candidates are women.

The programme costs €37,000 (approx. US$43,375).

4) Alliance Manchester Business School
aliance manchester business school via flickr Alliance MBS

Gaining two spots from last year is Alliance Manchester Business School, the first of three British schools on the list. The Manchester Global Part-time MBA combines live-taught core courses, electives, applied learning and in-person interaction opportunities.

The two-year flexible programme has tuition fees of £30,000 (approx. US$37,293) or £27,500 (approx. US$34,177) for the accelerated Finance pathway. The cohort is highly diverse, with 80 percent international students coming from 70 different countries, 30 percent female students, and an average of 12 years’ work experience.

3) Warwick Business School

Warwick Business School

WBS kicks off the top three for the second year in a row, achieving high scores in the employability, class profile and faculty and teaching indicators.

The Distance Learning MBA cohort is diverse, with 14 years’ average work experience, 79 percent international students and 33 percent female students. Fees for the programme are £34,150 (approx. US$47,000).

Warwick’s program takes between one and two years to complete. It combines eight required modules, two “Warwick Weeks” on campus, four elective modules and a consultancy project.

2) Imperial College Business School
In second place once again is the Global Online MBA at Imperial College Business School, which received the second-highest scores in the top 10 for employability and faculty and teaching.

Most of the teaching during the programme is conducted through The Hub, a virtual learning platform developed by Imperial’s award-winning Edtech lab. Students complete pre-study modules, then attend a five-day compulsory in-person induction week, as well as four core module periods followed by an optional global experience week. The course ends with a capstone business game.

The Global Online MBA cohort is the second-most international on the list, with 85 percent international students and 62 nationalities represented. 36 percent of candidates are women. Fees for the 24-month programme are £41,350 (approx. US$56,974).

1) IE Business School
IE Business School

Retaining the top spot for yet another year is IE Business School, whose Global Online MBA programme achieved once again a perfect score for employability, as well as high scores across all other indicators.

Known for its diverse cohorts, the class profile for IE’s 18-month course is made up of 95 percent international students (up from last year’s 86 percent), 40 percent women (up from last year’s 34 percent), and an average 10 years’ work experience.

The programme is made up of three core online periods, one Global Immersion Week (locations include Shanghai, Los Angeles and Mumbai), plus three face-to-face weeks in Madrid. Teaching includes working in interactive small groups on real-world and industry-based case studies. Total fees amount to €51,200 (approx. US$60,094).

Read the other 3 types of MBA Programs
Best Piece of Advice For Students
The advantages European business schools can offer are clear. Once you have analyzed the MBA programs and specializations on offer, you may well consider enrolling into one. We highly recommend you enroll in the MBA program of IMD in Switzerland.

What you will learn and build from the experience in an MBA course is something to treasure. Business isn’t solely built on monetary capital. It also counts on the knowledge and skills of its workforce and business leaders.

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