SIMS, a.s.

MBA PROGRAMME -DATA ANALYSIS IN ECONOMY

online programme with the academy of economic information and analyses

The MBA-Data Analysis in Economics is a programme that offers a great opportunity to study an increasingly desired and rapidly evolving field of Data Analysis in Economics. Through flexible and distributed learning in an environment that simplifies your study the Academy of Economic Information and Analyses (AEIA) provides a series of tailor-made remote online modules. The individual modules allow you to study at times that suit you best, and at the place you choose.

The MBA-Data Analysis in Economics programme helps students develop the skills needed to excel as managers. AEIA graduates will gain the ability to quickly and accurately analyse large amounts of information and find intelligent solutions to business problems. The programme also teaches students how to inspire and motivate people, as well as to arouse respect, which is a skill necessary for those who want to manage ambitious business projects requiring teamwork.

Graduates will be ready to change the usual ways of thinking and thus gain a competitive advantage in data analysis. Our data analysis graduate programme, based on a dual learning methodology (theory immediately applied in practice), emphasizes the direct application of acquired subjects, and your day-to-day role, allowing you to demonstrate an immediate positive impact on your organization.

WHAT IS MBA?

MBA is a professional degree which stands for "Master of Business Administration". MBA is mainly intended for people who want to acquire business and economic skills and advance in their careers.

ADMISSION CONDITIONS

The MBA-Data Analysis in Economics is a 100% online accelerated program designed for undergraduates (holding minimum of Bachelor degree), or working professionals who have the passion, ambition and determination to succeed in the business world.

As a result of changes in the labour market, ways of learning are becoming more flexible, and many realize that learning is important throughout life. People with low formal qualifications are under more pressure on the labour market.
Therefore, a "second chance" for adults is needed, which builds on previous experience and acquired competencies. It is extremely difficult to attend a regular onsite university programme at an adult age. We all know that if you have a family and go to work, your time is much more limited than when you were young.

In Slovakia, we want to join the community of countries which recognize practical experience or informally acquired competencies. This, we agree, is a central element of the lifelong learning strategy in developed countries. Motivated and optimistic people with lots of skills and ambition to acquire new ones are the best guarantor of the country's prosperity and growth.
Therefore, we at AEIA also decided to offer our applicants the Recognition of prior experience (RPE), which means the only condition for admission is work experience.

Applicants must submit a proof of their previous work experience in the field of business, economics, finance and related fields for at least three years. To proof your previous experience, you can use the statement downloadable here. The admission to the programme is not subject to any entrance exams. No fees for submitting the application apply.

PROGRAMME STUDY STRUCTURE

The programme is divided into modules which form the theoretical basis, and case studies dealing with topics and challenges most often seen in real world.
Admissions to the programme are possible any time throughout the year.
The length of study is flexible and depends solely on a student´s progress, with maximum allowed time of 12 months.
Students complete the study upon meeting all the requirements - the number of credits, and passing the final test.

PROGRAMME MODULES

in addition to theoretical explanation, the modules also include case studies and student interactivities

MODULE 1: CORPORATE INTELLIGENCE ANALYSIS

Students will learn what data needs to be collected in order to carry out a general economic analysis of a business entity, and how to understand these data. Students will become aware of the nature and diversity of the business environment composed of a large number of entities that create business relationships. In every business relationship, it is important to judge what one can expect from their business partners. Will they be able to meet their obligations? Do they have sufficient financial and human resources? Can they be considered serious partners, or are there any signs of a risky business? These and many other questions can be answered with the help of a professionally conducted Corporate Intelligence Analysis, which allows you to determine the legal status, current economic situation and business nature of the company in question.

MODULE 2: MARKETING ANALYSIS

The module teaches the criteria that are applied in marketing analysis. It acquaints students with various specializations of business activities according to ESA 2010 and according to Slovak business activity codes SK NACE. Students understand the market space created by business entities and learn to perceive its characteristics (opportunities and risks). Marketing analysis facilitates a cross-section look at the markets, and helps quickly select entities. This provides a rational view of the business opportunities in the analysed segment - which may be just a part of the region, or a group of entities within one industry. The information obtained is a good basis for forming strategies for specifying business plans specifications, and for directing the development of products or trade.

MODULE 3: COMPARATIVE ANALYSIS

Comparative analysis is used to compare results with other companies. There are different types of comparative analyses and this module introduces them to students in order to distinguish them properly. After completing the module students know the different applications of various models of comparative analyses. Students are able to group entities according to their comparability in order to obtain results and output of relevant informative validity. The analysis shows partial rankings on which the overall placement in the "Group rankings" depends. The student will learn to determine the position of the subject in the group, which they need in the analysis. The result helps determine the right direction of the marketing strategy.

MODULE 4: PEOPLE IN BUSINESS ENVIRONMENT

Valuable and successful partnerships and business relationships can be formed only if we know the potential business partner and the people involved in it. Identifying possible issues prevents us from making wrong decisions. Since strategic partnerships can be pivotal factor for growth and success, it is essential to carry out some basic checks: how well they perform, KYC and KYB checks, etc. Knowledge of the specific position of a person in the context of business activities is necessary not only for quality business relations, but also for compliance with legislative provisions governing activities with politically exposed persons, or ensuring compliance with Act 297/2008 Coll. on Protection against Money Laundering and Terrorist Financing and on Amendments to Certain Acts, which entered into force on 1.1.2021.

MODULE 5: MONITORING

The module deals with the impact of changes that occurred in the monitored entities, what kinds of changes need to be monitored and how we do it in real life. In this module, students will learn how to use information about public procurement.
Also, time management is taught so that students will improve their work efficiency in the future. while maintaining a high level of awareness, which ensures better security of business and partnerships.

MODULE 6: SEARCH

The module contains industry searches, customized searches, as well as the commercial bulletin. Students will become familiar with 22 different industries and analyze the industry at the level of selected industry indicators. They will learn to understand the complexity of the macroeconomic environment differently and use this information for managing their strategies.

MODULE 7: CASE STUDIES

Module 7 aims at providing students with a relevant opportunity to see theory in practice. Real world or authentic contexts expose students to viewpoints from multiple sources. Case studies require students to analyze data in order to reach a conclusion. Many open-ended assignments encourage students to choose appropriate analytic techniques. In the process of drawing conclusions students acquire substantive knowledge and develop analytic, collaborative, and communication skills.