Riga Business School
Encyclopedia
RTU Riga Business School (in Latvian RTU Rīgas Biznesa Skola) (RBS) is a management
–education
institution within Riga Technical University
(RTU). Founded in 1991, in a close cooperation with the State University of New York at Buffalo, (USA) and the University of Ottawa, (Canada), it was as the first higher education
institution in the Baltic states
which offered Master of Business Administration
(MBA) programs in English
.
The school currently has app. 900 MBA graduates, mostly middle- and upper-level level managers both in Latvia
and abroad. The education standards and structure are adopted from the North-American style MBA, which contains case studies
, working in groups, and active participation in classrooms.
students can register for one to four courses
depending on course offer, suggested sequence and personal consideration. Choosing 2 courses each semester, the MBA can be completed in 2.5 years.
International students
need to take 4 courses per semester that corresponds to full-time studies in line with immigration rules.
Students can choose one out of 4 specializations of the program:
Case method
Case method
is a method of learning that requires from students an active participation and discussion of real-life business situations. RBS largely uses case studies of Harvard Business School
. Each course in Professional MBA has a certain number of case studies that students need to discuss during the course.
Faculty
The faculty of RBS consists of both full-time and part-time professional local lecturers, as well as visiting professors
from North America
.
Diploma
RBS graduates receive two certificates
. First, an MBA (Master of Business Administration
) degree, which is fully recognized and accredited
by the Republic of Latvia
. Second, they receive a certificate
, which is co-signed by Riga Technical University, the State University of New York at Buffalo and the University of Ottawa.
Admission
Riga Business School has two, Fall and Spring, admission periods. Thus students can start their studies either in September or January.
Admission criteria:
4-year Bachelor’s degree or equivalent nationally recognized undergraduate degree
TOEFL score (at least 550 for paper-based test or 80 for internet-based test). IELTS score is also accepted (at least 6.5). Students are not obliged to certify their English
proficiency if the previous degree is obtained in English speaking country or if English
is their native language.
Intellectual test (at least 50% correct answers) that measures logical and critical reasoning. GMAT score is also accepted.
and experienced professionals. The study format is based on North-American Executive MBA program, which is complemented with European experience.
Program Format
The studies are structured in 20 monthly modules that are combined with studies in small groups. During the EMBA course students go on a two-week study trip to the University at Buffalo (USA) or University of Ottawa (Canada). The trip includes both academic learning and company visits and knowledge exchange with American executives and American EMBA students.
Diploma
Upon graduation
RBS EMBA students receive Internationally Accredited Master of Business Administration
degree that is awarded by Riga Business School and certified by all partner institutions.
Admission
Admission procedure takes place in two periods: Fall and Spring. Thus students start their study process in September or January.
Admission criteria:
4-year Bachelor or equivalent nationally recognized undergraduate degree
Executive or senior-level management experience for at least 5 years
TOEFL score (at least 550 for paper-based test or 80 for internet-based test). IELTS score is also accepted (at least 6.5). Students are not obliged to certify their English proficiency if the previous degree is obtained in English speaking country or if English is their native language.
Passed structured interview
(CFA) exam. Issued by the CFA Institute
the CFA Charter is one of the most respected certificates among finance
professionals. The offered preparation course includes study materials SchwesterNotes Package, studies in small groups, individual consultations, and mock examination.
Management
Management in all business and organizational activities is the act of getting people together to accomplish desired goals and objectives using available resources efficiently and effectively...
–education
Education
Education in its broadest, general sense is the means through which the aims and habits of a group of people lives on from one generation to the next. Generally, it occurs through any experience that has a formative effect on the way one thinks, feels, or acts...
institution within Riga Technical University
Riga Technical University
Riga Technical University is located in Riga, Latvia.- Riga Polytechnical Institute, 1862-1918 :...
(RTU). Founded in 1991, in a close cooperation with the State University of New York at Buffalo, (USA) and the University of Ottawa, (Canada), it was as the first higher education
Higher education
Higher, post-secondary, tertiary, or third level education refers to the stage of learning that occurs at universities, academies, colleges, seminaries, and institutes of technology...
institution in the Baltic states
Baltic states
The term Baltic states refers to the Baltic territories which gained independence from the Russian Empire in the wake of World War I: primarily the contiguous trio of Estonia, Latvia, Lithuania ; Finland also fell within the scope of the term after initially gaining independence in the 1920s.The...
which offered Master of Business Administration
Master of Business Administration
The Master of Business Administration is a :master's degree in business administration, which attracts people from a wide range of academic disciplines. The MBA designation originated in the United States, emerging from the late 19th century as the country industrialized and companies sought out...
(MBA) programs in English
English language
English is a West Germanic language that arose in the Anglo-Saxon kingdoms of England and spread into what was to become south-east Scotland under the influence of the Anglian medieval kingdom of Northumbria...
.
The school currently has app. 900 MBA graduates, mostly middle- and upper-level level managers both in Latvia
Latvia
Latvia , officially the Republic of Latvia , is a country in the Baltic region of Northern Europe. It is bordered to the north by Estonia , to the south by Lithuania , to the east by the Russian Federation , to the southeast by Belarus and shares maritime borders to the west with Sweden...
and abroad. The education standards and structure are adopted from the North-American style MBA, which contains case studies
Case study
A case study is an intensive analysis of an individual unit stressing developmental factors in relation to context. The case study is common in social sciences and life sciences. Case studies may be descriptive or explanatory. The latter type is used to explore causation in order to find...
, working in groups, and active participation in classrooms.
Professional MBA
Professional MBA classes are held on workdays from 6:00 pm – 9:00 pm and each semesterAcademic term
An academic term is a division of an academic year, the time during which a school, college or university holds classes. These divisions may be called terms...
students can register for one to four courses
Course (education)
The very broad dictionary meaning of the word course is the act or action of moving in a path from point to point . There are multiple meanings for this word, some of which include: general line of orientation, a mode of action, part of a meal, a mode of action, and many more. This article focuses...
depending on course offer, suggested sequence and personal consideration. Choosing 2 courses each semester, the MBA can be completed in 2.5 years.
International students
International student
According to Organization of Economic Cooperation and Development , international students are those who travel to a country different from their own for the purpose of tertiary study. Despite that, the definition of international students varies in each country in accordance to their own national...
need to take 4 courses per semester that corresponds to full-time studies in line with immigration rules.
Students can choose one out of 4 specializations of the program:
- MBA MarketingMarketingMarketing is the process used to determine what products or services may be of interest to customers, and the strategy to use in sales, communications and business development. It generates the strategy that underlies sales techniques, business communication, and business developments...
- MBA FinanceFinance"Finance" is often defined simply as the management of money or “funds” management Modern finance, however, is a family of business activity that includes the origination, marketing, and management of cash and money surrogates through a variety of capital accounts, instruments, and markets created...
- MBA ITInformation technologyInformation technology is the acquisition, processing, storage and dissemination of vocal, pictorial, textual and numerical information by a microelectronics-based combination of computing and telecommunications...
- General MBA
Case method
Case method
Case method
The case method is a teaching approach that consists in presenting the students with a case, putting them in the role of a decision maker facing a problem...
is a method of learning that requires from students an active participation and discussion of real-life business situations. RBS largely uses case studies of Harvard Business School
Harvard Business School
Harvard Business School is the graduate business school of Harvard University in Boston, Massachusetts, United States and is widely recognized as one of the top business schools in the world. The school offers the world's largest full-time MBA program, doctoral programs, and many executive...
. Each course in Professional MBA has a certain number of case studies that students need to discuss during the course.
Faculty
The faculty of RBS consists of both full-time and part-time professional local lecturers, as well as visiting professors
Visiting scholar
In the world of academia, a visiting scholar or visiting academic is a scholar from an institution who visits a host university, where he or she is projected to teach , lecture , or perform research on a topic the visitor is valued for...
from North America
North America
North America is a continent wholly within the Northern Hemisphere and almost wholly within the Western Hemisphere. It is also considered a northern subcontinent of the Americas...
.
Diploma
RBS graduates receive two certificates
Academic certificate
An academic certificate is a document that certifies that a person has received specific education or has passed a test or series of tests.In many countries, certificate is a qualification attained in secondary education. For instance, students in the Republic of Ireland sit the Junior Certificate...
. First, an MBA (Master of Business Administration
Master of Business Administration
The Master of Business Administration is a :master's degree in business administration, which attracts people from a wide range of academic disciplines. The MBA designation originated in the United States, emerging from the late 19th century as the country industrialized and companies sought out...
) degree, which is fully recognized and accredited
Accreditation
Accreditation is a process in which certification of competency, authority, or credibility is presented.Organizations that issue credentials or certify third parties against official standards are themselves formally accredited by accreditation bodies ; hence they are sometimes known as "accredited...
by the Republic of Latvia
Latvia
Latvia , officially the Republic of Latvia , is a country in the Baltic region of Northern Europe. It is bordered to the north by Estonia , to the south by Lithuania , to the east by the Russian Federation , to the southeast by Belarus and shares maritime borders to the west with Sweden...
. Second, they receive a certificate
Academic certificate
An academic certificate is a document that certifies that a person has received specific education or has passed a test or series of tests.In many countries, certificate is a qualification attained in secondary education. For instance, students in the Republic of Ireland sit the Junior Certificate...
, which is co-signed by Riga Technical University, the State University of New York at Buffalo and the University of Ottawa.
Admission
Riga Business School has two, Fall and Spring, admission periods. Thus students can start their studies either in September or January.
Admission criteria:
4-year Bachelor’s degree or equivalent nationally recognized undergraduate degree
TOEFL score (at least 550 for paper-based test or 80 for internet-based test). IELTS score is also accepted (at least 6.5). Students are not obliged to certify their English
English language
English is a West Germanic language that arose in the Anglo-Saxon kingdoms of England and spread into what was to become south-east Scotland under the influence of the Anglian medieval kingdom of Northumbria...
proficiency if the previous degree is obtained in English speaking country or if English
English language
English is a West Germanic language that arose in the Anglo-Saxon kingdoms of England and spread into what was to become south-east Scotland under the influence of the Anglian medieval kingdom of Northumbria...
is their native language.
Intellectual test (at least 50% correct answers) that measures logical and critical reasoning. GMAT score is also accepted.
Executive MBA
Executive MBA (EMBA) – is a management education program intended for senior-level managersSenior management
Senior management, executive management, or management team is generally a team of individuals at the highest level of organizational management who have the day-to-day responsibilities of managing a company or corporation, they hold specific executive powers conferred onto them with and by...
and experienced professionals. The study format is based on North-American Executive MBA program, which is complemented with European experience.
Program Format
The studies are structured in 20 monthly modules that are combined with studies in small groups. During the EMBA course students go on a two-week study trip to the University at Buffalo (USA) or University of Ottawa (Canada). The trip includes both academic learning and company visits and knowledge exchange with American executives and American EMBA students.
Diploma
Upon graduation
Graduation
Graduation is the action of receiving or conferring an academic degree or the ceremony that is sometimes associated, where students become Graduates. Before the graduation, candidates are referred to as Graduands. The date of graduation is often called degree day. The graduation itself is also...
RBS EMBA students receive Internationally Accredited Master of Business Administration
Master of Business Administration
The Master of Business Administration is a :master's degree in business administration, which attracts people from a wide range of academic disciplines. The MBA designation originated in the United States, emerging from the late 19th century as the country industrialized and companies sought out...
degree that is awarded by Riga Business School and certified by all partner institutions.
Admission
Admission procedure takes place in two periods: Fall and Spring. Thus students start their study process in September or January.
Admission criteria:
4-year Bachelor or equivalent nationally recognized undergraduate degree
Executive or senior-level management experience for at least 5 years
TOEFL score (at least 550 for paper-based test or 80 for internet-based test). IELTS score is also accepted (at least 6.5). Students are not obliged to certify their English proficiency if the previous degree is obtained in English speaking country or if English is their native language.
Passed structured interview
CFA exam preparation course
Riga Business School provides preparation course for the first level of Chartered Financial AnalystChartered Financial Analyst
The Chartered Financial Analyst Program is a graduate level self-study program offered by the CFA Institute to investment and financial professionals...
(CFA) exam. Issued by the CFA Institute
CFA Institute
CFA Institute is headquartered in the United States of America at Charlottesville, Virginia, with offices in Hong Kong and London. Formerly known as the Association for Investment Management and Research , CFA Institute awards the Chartered Financial Analyst designation...
the CFA Charter is one of the most respected certificates among finance
Finance
"Finance" is often defined simply as the management of money or “funds” management Modern finance, however, is a family of business activity that includes the origination, marketing, and management of cash and money surrogates through a variety of capital accounts, instruments, and markets created...
professionals. The offered preparation course includes study materials SchwesterNotes Package, studies in small groups, individual consultations, and mock examination.