Education for the higher educated
Published on: 11 November 2013
Author:
Function: Communication Manager, MBA International
Organisatie: Athens University of Economics & Business


Taking an MBA in Greece

An MBA degree is recognized throughout the world as a highlevel credential. Providing both theoretical and practical training on business management, it is a degree that certifies competency in all the major functional management roles in modern corporations. It has also been proved that MBAs grant to graduates greater opportunities to advance their careers, increase their earning potential, and expand their professional and social network. Thus, taking an MBA is a crucial decision, especially in challenging economic times.

An MBA degree is recognized throughout the world as a highlevel credential. Providing both theoretical and practical training on business management, it is a degree that certifies competency in all the major functional management roles in modern corporations. It has also been proved that MBAs grant to graduates greater opportunities to advance their careers, increase their earning potential, and expand their professional and social network. Thus, taking an MBA is a crucial decision, especially in challenging economic times.


According to the GMAC European Geographic Trend report 2008/2012, even though the percentage of scores sent by European citizens to non-MBA programs has increased since 2008, MBAs still attract the majority of candidates interested in business programs.


Despite the economic crisis that emerged in 2010, as indicated in the same report, Greece remains among the top 10 destinations in Europe to which GMAT score reports were sent. Why is that so?


Greece as a study destination offers a distinct and rich experience, unique from other locations. From a business perspective, the country is in the centre of attention in an area of world interest. Greece’s key geo-political position at the junction of three continents -Europe, Asia and Africa- and its strategic role as a gateway to the European Union from the Middle and Far East, has been identified by world players. As a member of the European Union with strong business presence in neighbouring countries, the country participates in both European and Mediterranean economies and attracts multinational companies active in a number of neuralgic financial sectors (commerce, tourism, services, etc).


Greece also holds a leading position in the global maritime shipping market. Greek shipowners control over 15% of the world fleet, and more than 52% of the shipping companies listed in NYSE and NASDAQ are owned by Greek nationals, while Greek owned tonnage holds first position internationally.


Moreover, Greece’s compelling competitive advantages -geostrategic location, wealth of natural resources, the well-educated and talented workforce- combined with the country’s new growth model, place Greece among the most attractive investment destinations in the world for business activity in Tourism, Energy, Environmental Management, Life Sciences, Food and Beverages, Mining and ICT.


The above reasons make Greece an incredible place for studies on international business and commerce. On the other hand, and from an educational perspective, MBA students who choose Greece as their study destination can be sure that they will receive high quality education. The country’s institutions are distinguished by their high educational level and appear in numerous international rankings. This year, 6 out of 20 Universities in Greece have been included in the QS World University Rankings, while a number of programs appeared in sectoral rankings.


Tertiary education in Greece is offered by Universities and Technological Educational Institutions, the latter focusing mainly on practical skills. The long tradition of these institutions, their affiliations with other top European and American Universities, their commitment to academic excellence and top quality research, and their close collaboration with business guarantee that students that attend programs in Greece have the opportunity to become highly qualified professionals.


MBA students can choose among a number of programs offered both by state universities or private colleges. MBAs are offered both in a full-time and a part-time mode. Most full-time programs have duration from 12 to 14 months, and are the programs that international students usually prefer, while part-time programs last for 2 to 3 years. Most programs are offered in Greek, but there are also international, English-taught programs that attract the majority of foreign candidates.


Each program offers specializations and majors focusing on a variety of fields, such as innovation, entrepreneurship, marketing, logistics, technology, energy and many more. Coupling academic and practical knowledge, with solid methodologies, case studies, creative problem solving, team work, interactive teaching methods and personalized models, MBA programs offered in Greece help students cultivate their hard and soft skills needed in today’s demanding global businesses. At the same time, compared with the average MBA fees in other European countries, Greek programs are best value for money, since their cost ranges between 10.000 - 18.000 euros.


Most educational institutions are located in the two major cities of the country, Athens and Thessaloniki, two towns that have an intense cultural and academic profile. They both attract people from a variety of nationalities who are easily and fully adapted to the Greek society. Athens, the capital of Greece, is a cosmopolitan metropolis central to economic, financial, industrial, political and cultural life. It is an inviting city full of contrasts and diversities, where the ancient and the modern merge. Its history spans around 4,000 years and is widely recognized as the cradle of western civilization, the birthplace of academia, and democracy. Thessaloniki, at the doorstep of the Balkans, is the country’s second largest city and is the financial and trading centre for the emerging markets of the entire Balkan Peninsula. National Geographic Magazine included Thessaloniki in its top tourist destinations the world over for 2013.


Greece as a study destination always offers more than one expects and opens up a plethora of priceless opportunities. Being one of the top tourism destinations in the world, with longestablished archeological tradition and unique landscape, with almost 2000 islands and breathtaking seas, superb climate, famous cuisine, and continuously active social life, Greece is an enchanting country, where your study will become a fulfilling experience to remember.