The Frederick MBA

Taking an MBA is a life-changing and demanding experience. The MBA Program aims to provide students with the fundamental knowledge of current theory and practice across a range of business disciplines and equip them with the practical tools to achieve their career goals. The MBA graduates become more competitive in the market place through developing problem solving skills and applying decision-making tools to address real-life business problems in any industry sector, such as, economics, banking and finance, transportation, engineering, construction, manufacturing, distribution and logistics, retail and wholesale, consulting, services, healthcare.  

Why Study this Program? Why at Frederick University?

This Program:

• Offers flexible learning that fits around your needs allowing you to choose a study mode which best suits your personal and professional commitments.
• Provides you with the latest insights on how to innovate, manage and lead, develop problem-solving skills and learn decision-making tools.
• Integrates theory and practice; you can gain hands-on experience.
• Creates career opportunities; it will help you achieve your career goals building on your experiences and expertise.
• Offers a stimulating learning experience; you can draw on the multidisciplinary expertise of our Faculty and collaborate with colleagues on the Program with a variety of business backgrounds and experiences.

MBA is a degree that demonstrates skills and ambition giving you a strong competitive advantage in the job market. The MBA experience will equip you with the toolkit to become a multi-functional leader, enable you to analyse the market and develop innovative strategies to meet emerging business challenges. You will be given the opportunity to develop the necessary skills required by senior executives or consultants in large, medium or small organizations or to start your own business.

Upon successful completion of this Program, you should be able to:

• Acquire basic knowledge of the fundamental concepts, principles and theoretical approaches in the essential business disciplines.
• Apply state-of-the-art analytical methods and modelling techniques and use case-studies to analyse and provide solutions to real-life business problems.
• Demonstrate decision making and managerial skills to think strategically and operate globally as a well-rounded business professional and leader.
• Analyse a variety of business perspectives and market insights to stimulate innovative and competitive thinking.
• Effectively apply new technologies in decision-making that reflect the way companies operate globally nowadays.

Frederick University academic year consists of the fall and spring semesters. The calendar is arranged so that students may start classes either during the last week of September or the first week of February. Candidates may submit an application for admission in any of the semesters. Due to the fact that formalities for the issue of an entry visa take at least 6 weeks, candidates are urged to file an application at least 8 weeks prior to the expected date of enrolment. Students are expected to be on campus prior to the beginning of the intended semester/session. In response to arising need, courses could be provided within the summer period.

Minimum Academic Requirements

An undergraduate degree from a recognized university or the equivalent international qualification in any scientific discipline, such as, Accounting & Finance, Economics, Maritime and Transport, Engineering, Law, Life Sciences, Social Sciences.

English Language Requirements

If you have completed your entire degree in a non-English speaking Program of Study, you must demonstrate satisfactory knowledge of English language. Suitable qualifications may include:

• TOEFL, or IELTS, or GCSE, or IGCSE, or Cambridge Certificate of Proficiency in English, or equivalent, or
• High school leaving certificate from a High School where the language of instruction is English, or
• Satisfactory performance (>50%) at the English Placement Test offered by Frederick University.
  

Work experience

A two year’s work experience or a good GMAT (Graduate Management Admission Test) score would be considered an advantage.

A. Nationals of EU countries
Candidates who are nationals of EU countries can enter Cyprus as visitors. On arrival at Frederick University they must submit to the Admission Office the following:

• A fully completed application form.
• An application fee of Euro 25 (non-refundable).
• Attested (certified true) copies of their academic qualifications.
• Evidence of proficiency in English, (if available).
• A photocopy of their passport. The passport should be valid for at least one year from the date of their arrival to Cyprus.
• A recent certificate of good conduct issued by the police of the candidate’s country of origin or residence, if necessary translated in Greek or English. The good conduct certificate should be original and issued less than 6 months prior to the beginning of the semester for which the student is applying. The names and titles of the persons issuing and certifying the document should be clearly stated therein.

Furthermore, they must pay the registration fee, the semester tuition fees, and register for subjects. Next they must apply to the Migration Department for a temporary residence permit. The application to the Migration Department must be supported by evidence that they have paid their tuition fees for the semester, have enough funds for their initial living expenses and have obtained local health insurance coverage.

B. Applicants from non EU countries
International Students from non EU countries need to have a valid student visa in order to be allowed to enter Cyprus. The issue of an entry visa takes about 6 weeks from the date of the submission of the application. It is therefore recommended that candidates submit their application at least 8 weeks before the beginning of the semester. Cyprus Migration Department requirements in respect of the issue of a student visa, which from time to time may be modified, are available to candidates in a separate document.

How to Apply:

As part of the application you will need to submit the following supporting documents:

1. Full and up-to-date Curriculum Vitae (CV)
2. Personal Statement: A short written statement (around 1-2 pages) outlining your suitability to the MBA program and your reasons for applying. You may highlight your professional and research interests and any relevant work experience.
3. Degree transcripts and any other supporting documents. Please ensure that you submit copies of official transcripts of all degrees or relevant qualifications to date (including any not yet completed). 
4. Two recommendation letters from people familiar with your work (at least one of them must be provided by an academic referee, the other one can be academic or professional). References can be submitted directly by your referee to the MBA Admissions Team in two ways:
   • Your referee must provide the reference using a professional e-mail address or
   • You can request from your referee to provide a hard copy reference on headed paper, signed and posted to the address of the University Admissions Office.
5. Any other supporting documents: copies of certificates of relevant examinations such as language test results, GMAT results, etc.

Successful candidates may be invited to an interview which can be attended in person or via phone or skype in order to further assess their suitability for the MBA.

Once the Conditional Acceptance Letter is issued by the University, the prospective student is directed
by an Admissions Officer to send to the University several documents by email and then by courier.
The documents are as follows:
1. Original attested passport copy must be valid for 2 years
2. Original attested copy of High School Leaving Certificate and mark sheets
3. Original attested Police Clearance Certificate must be valid for 6 months
4. Original attested bank letter showing that the student’s sponsor has the financial ability to
support tuition fees and leaving expenses must be valid for 6 months
5. Original attested bank statement which clearly shows the minimum amount of €7,000 in the
sponsor’s account must be valid for 1 month
6. Original attested chest X-ray report for Tuberculosis must be valid for 4 months
7. Original attested blood test results for HIV, Syphilis, Hepatitis B and C must be valid for 4
months
8. Attested document of parental consent for the student’s proposed stay in Cyprus and its
official translation in Greek or English– only for applicants below the age of 18 years
(minors).
9. Attested reports of medical tests showing that they are not suffering from Hepatitis B,
Hepatitis C, HIV, Syphilis and a chest X-ray report.
10. A recent certificate of good conduct issued by the police of the candidate’s country of
origin or residence, if necessary translated in Greek or English. The good conduct
certificate should be original and issued less than 6 months prior to the beginning of the
semester for which the student is applying. The names and titles of the persons issuing
and certifying the document should be clearly stated therein.
11. Attested letter from a bank in the country of origin or residence stating that the student or
his/her parent (s) – full names to be mentioned – have the financial capability to cover the
cost of living and studying in Cyprus, and the student’s repatriation cost, as well as recent
bank statement showing a balance of at least €7000 (seven thousand Euro).

It is estimated that, on average, a student spends about 600 Euro per month for private accommodation, utilities, food and transportation. Of course, a budget is a very personal thing, depending on one’s preferences.

Full time students from non EU countries are entitled to seek employment of 20 hours per week during the study period, provided that the employment hours will not coincide with their study hours at the University, or 38 hours per week during their holidays. The right to employment starts after the completion of six months study and residence in Cyprus. 

Scholarships aim is to support young people with capabilities to distinguish and to contribute to the development and social progress.

The university offers full and partial scholarships to incoming students based on the academic merit of the high school performance. The University also has in place a scholarship scheme for continuing students which reduces tuition fees based on the GPA achieved by the student. The percentage of reduction is related to the GPA achieved.

Additionally, Frederick University has a broad range of scholarships to athletes.