Executive MBA Program


Executive MBAProgramwww.zsem.hr

Zagreb School ofEconomics andManagementAccredited by:agency for science and higher educationThe Zagreb School of Economics and Management is Croatia’s best business school according to Eduniversal’s globalranking. For many years, ZSEM has been educating Croatia’s future economic and business experts and has become acenter for thought and discussion on contemporary economic and business issues in Croatia and the wider CE region.With more than 1,000 students and more than 2,800 alumni, ZSEM’s community is continuously growing. Every majorcorporation and institution in Croatia has employed ZSEM graduates, while our alumni have also made their mark onsociety by becoming entrepreneurs and researchers.ZSEM’s faculty includes renowned professors, researchers, and experts from around the world. Often, our professors arefeatured in the world's media and many lecturers hold senior positions in top global as well as Croatian corporations andpublic institutions.With more than 150 partner universities all over the world, many ZSEM students, including our graduate students, spenda semester abroad without paying additional tuition fees. Also, ZSEM welcomes more and more international exchangestudents every year and hosts an annual International Summer School.In 2013, the Zagreb School of Economics and Management became an AACSB accredited business school, thus joiningthe elite group of 5% of the world’s business schools that hold this prestigious accreditation. Six years later ZSEMconfirmed its high quality of work, achieving the AACSB reaccreditation.To confirm the quality on the national level ZSEM also successfully passed the reaccreditation of the Agency for Scienceand Higher Education. ZSEM quality assurance system is implemented and highly developed according to the criteriafor the Audit of the Agency for Science and Higher Education. It is harmonized with the standards and guidelines forquality assurance in the European Higher Education Area.2

AACSB AccreditationIn 2013, the Zagreb School of Economics and Management became an AACSB accreditedbusiness school. This enabled it to enter the exclusive top 5% of the most outstandingbusiness schools in the world. The accreditation reaffirmed the status of ZSEM as theleading business school in Croatia. Founded in 1916, the Association of AdvancedCollegiate Schools of Business is the longest-serving international institution with themission to advance quality management education worldwide through accreditation,thought leadership, and value-added services. It is worth noting that the exclusive clubof accredited institutions includes renowned universities from across the globe, such asHarvard, Yale, Stanford, and many others. The Zagreb School of Economics andManagement has passed the stringent criteria imposed on the best schools in the world.Six years later, in 2019, ZSEM achieved the prestigious AACSB reaccreditation.QS Global MBA rankingThe Zagreb School of Economics and Management has been ranked within the TOP 200in the QS Global MBA Rankings 2022, reaffirming its position as a truly internationalschool recognized worldwide. The results rank ZSEM among the TOP 200 in the worldand TOP 60 in Europe! Ranking results were compiled based on Employability (40%),Entrepreneurship & Alumni Outcomes (15%), Return on investment (20%), ThoughtLeadership (15%), and Diversity (10%). Using these measures, the QS Rankings 2022placed the ZSEM MBA program among TOP 120 MBA programs based on Employabilityand in TOP 130 MBA programs in Class and Faculty and Diversity Globally.ZSEM scored 95,6 out of 100 for Payback Month score it takes 27 months to fully pay back the cost of theprogram, which is less than the global mean of 43 months81% of ZSEM faculty hold a PhD8% of ZSEM MBA alumni start theirown business, which is greater thanthe global mean of 5%41% of International faculty3

ZSEMTimelineZSEM enrolls its 1stgeneration of theundergraduate program.2002ZSEM receives initialaccreditation forscientific activity fromthe Agency for Scienceand Higher Education.2006ZSEM enrolls its 1stgeneration of thegraduate MBA program.4200220062021Eduniversalcategorizes ZSEM'sMBA specializationsamongst the best 200in the world.2008Eduniversal, for thefirst time, proclaimsZSEM the best businessschool in Croatia. ZSEMstill proudly holds thistitle, which is awardedevery year.2011ZSEM enrolls its 1stgeneration of theExecutive MBAProgram.2013ZSEM earns AACSBaccreditation, placingthe school in the top5% of the mostprestigious businessschools anduniversities in theworld.2014

ZSEM's partnership withSheffield HallamUniversity on theDoctorate of BusinessAdministration program.2017ZSEM is the 3rd bestbusiness school inEastern Europeaccording to theEduniversal ranking.2018ZSEM qualityassurance system isimplemented andhighly developedaccording to thecriteria for the audit ofthe Agency for Scienceand Higher Education.It is harmonized withthe standards andguidelines for qualityassurance in theEuropean HigherEducation Area.ZSEM MBA rankedamong TOP 200 in theworld by the QS GlobalMBA ranking2019ZSEM achieves theprestigious AACSBreaccreditation.20192020ZSEM is the bestgraded highereducation institution inthe field of Economicsin Croatia by thereports of Expert panelin the reaccreditationcycle 2017-2020.20202021ZSEM's partnershipwith H-FARM on theGlobal Executive MBAprogram.5

ExecutiveMBA ProgramThe Executive MBA Program is designed for professionals who wish to develop skills and knowledge of the General MBAProgram and offers a unique possibility to study at weekends without neglecting professional and family commitments.Modeled after some of the most successful programs in the world, the Executive MBA Program is an interdisciplinaryprogram that includes key courses from all graduate ZSEM MBA programs. The main purpose of the program is toprovide students with top quality courses in the fields of marketing, management, finances, and accounting, through anexceptional combination of theoretical and practical knowledge.ZSEM lecturers are leading experts from Croatia and around the world, with outstanding scientific and researchcontributions. The program is designed to provoke thinking about current and future challenges in management and thebusiness world.Student leadership skills are developed through multiple dimensions, which include developing strategy, operations,organizational behavior and leading an ethical enterprise.Through a practical project carried out during their studies, students concurrently develop their skills and knowledge,their professional careers, and contribute to their organizations. After attaining a theoretical education and practicingthe acquired skills in their organizations, students will be capable of leading any organization efficiently. Leadingteaching methods includes numerous simulations, which allows students to develop analytical skills, test theirdecision-making skills, and observe consequences of their actions.While improving their interdisciplinary skills and knowledge, students will also enlarge their social capital and extendtheir network of experienced professionals.Structure20 weekends10 courses6Length12 monthsAcademic Title60 ECTSMaster of Business Administration

Contents & StructureThe program consists of two parts: compulsory courses and writing the graduate thesis. The compulsory coursework isdesigned like a classical MBA program. A unique advantage of this program is an opportunity to conduct a practicalproject during the preparation of the graduate thesis. Students can conduct this practical project in their companies. Aparticular dynamic of this program is achieved through a combination of 50% of lectures and 50% of learning beingcarried out through group assignments and projects over the e-learning internet platform. This unique hybrid approachgives students ample time for professional and family commitments.Lectures areheld on:· Fridays from 17:00 to 21:00· Saturdays from 9:00 to 13:00· Saturdays from 14:00 to 18:00Prospective StudentsThis Global Executive MBA aims at professionals with a minimum of 3 years of experience. The program is best suitedfor candidates with mid to high-level management backgrounds, department heads in state and governmentinstitutions and organizations. The ideal candidates are eager to learn and interact with current and future challenges inthe management and business world. They’re also aiming to improve their leadership skills and their global perspective.Candidates are required to have an undergraduate degree (240 ECTS).1035 65%average work experienceof executive studentsaverage age ofexecutive studentsexecutive studentsfrom non-economicbackground7%100 95%foreign students onexecutive programguest lecturersfrom the businesscommunityalumni advancetheir careersYEARSYEARS7

International StudentExchangeWith more than 150 partner universities and institutions spread over every continent, the Zagreb School of Economicsand Management is arguably Croatia’s most international business school. ZSEM’s MBA students have the option ofspending a semester on international exchange, without having to pay additional tuition. Our partner schools includesome of the best business schools in the world, such as the University of Michigan Flint, EDHEC Business School inFrance, Frankfurt School of Finance and Management, Plekhanov Russian Academy of Economics Moscow, and manymore. If you’ve ever aspired to have a truly global education, spend some time studying in another country, or to learnyour craft some of the best business schools in the world, the Zagreb School of Economics and Management can be yourdoor into the wider world.Program with anAdditional DegreeStudents have the possibility of obtaining an additional degree through ZSEM’s partner universities. You can customizeyour master degree program according to your interests and career goals. These programs, enriched by their diversenature, are aimed at preparing future business leaders for the global marketplace; students will take on a globalperspective and acquire international management skills.East China University of Science and TechnologyShanghai, ChinaOne year at the ZSEM One year at ECUST Internship Two Thesis TWO DEGREES International BusinessErasmus Mundus Master Impact EntrepreneurshipLiege, Litva & Vilnius, BelgiumFirst semester in Zagreb Second semester in Vilnius Third semester in Liège Thesis Internship THREE DEGREES Global Management Purchasing & Supply Chain Finance Marketing8

Excelia Business SchoolLa Rochelle, FranceOne year at ZSEM One semester at Excelia Internship Thesis TWO DEGREES Brand Management International Corporate Finance Global Supply Chain Management International Event Marketing & Management International Business Management Global Luxury Management and InnovationFu Jen Catholic UniversityTaipei, TaiwanSpring semester / One year at ZSEM One year at FJCU Internship Thesis TWO DEGREES Management Marketing Human Resources Management Quantitative Finance Finance and AccountingKedge Business SchoolBordeaux, FranceFall semestar at ZSEM Spring Semester at KEDGE Internship Thesis TWO DEGREES Global Management Purchasing & Supply Chain Finance MarketingNagoya University of Business and CommerceNagoya, JapanOne year at ZSEM One year at NCBU Internship Thesis TWO DEGREESTilburg UniversityTilburg, NetherlandsFirst year at ZSEM Second year at Tilburg Internship Thesis TWO DEGREES Strategic Management Supply Chain Management9

International partnersEUROPENORTH AMERICAAustriaCanadaLaurentian UniversityUniversity of ManitobaUniversité du Québec à MontréalMexicoIPADE Business SchoolUniversidad de MonterreyUniversidad PanamericanaUniversidad TecmilenioUPAEPUSAJohn Carroll University, ClevelandSt. Ambrose UniversitySt. Cloud State University, MinnesotaUniversity of Central MissouriUniversity of LouisvilleUniversity of Michigan – FlintUniversity of North FloridaUniversity of MinnesotaTulane UniversityMCI Management Center InnsbruckUpper Austria University of AppliedSciences, School of Management (Steyr)BelgiumKU Leuven - Faculty of Economics and BusinessUniversité de LiegeUniversity of AntwerpLatviaRISEBA UniversityNetherlandsTilburg UniversityNorth Macedonia, SkopjeFaculty of Economics – Skopje, SS. Cyril andMethodiusBosnia and HerzegovinaUniversity of Sarajevo, Faculty of EconomyUniversity of MostarNorwayBI Norwegian School of ManagementCzech RepublicMasaryk UniversityFranceAudencia School of Management –NantesBurgundy School of ManagementEMLYON Business SchoolICN Business SchoolInstitut Mines-Telecom Business SchoolKEDGE Business SchoolNeoma Business SchoolPSB Paris School of BusinessSciencesPo ParisToulouse Business SchoolGermanyCologne Business SchoolEBS University Business and LawFrankfurt School of Finance ManagementGoethe University Frankfurt am MainHHL Leipzig Graduate School of ManagementMunich Business SchoolReutlingen UniversityRWTH Aachen UniversityUniversity of HohenheimUniversity of MannheimSOUTH AMERICAArgentinaUniversidad Austral, Buenos AiresBrazilCOPPEAD Graduate School of Business,University of São PauloChileUniversidad del DesarrolloPeruUniversidad del PacificoUniversidad San Ignacio de LoyolaHungaryCorvinus University of BudapestIrelandAFRICALimerick UniversityItalyLUISS Business SchoolSapienza University of Rome – Faculty of EconomicsUniversity of Modena and Reggio EmiliaUniversity of PadovaMoroccoESCA Ecole de ManagementGroupe ISCAE

EUROPEPolandWarsaw School of EconomicsPortugalCatholic University of Portugal – PortoISCTE Business SchoolRussiaIIBN International Institute of Business NetworkingMGIMO UniversityPlekhanov Russian Academy of Economics MoscowSaratov State Technical UniversityUral Federal UniversityHSE National Research University, St. PetersburgSerbiaFaculty of Economics – University of BelgradeSlovakiaComenius University in BratislavaSloveniaCatholic Institute – Faculty of Business StudiesFaculty of Economics, University of LjubljanaCROATIASpainTouluse Business School (Campus Barcelona)Universitat Ramon Llul - La Salle Campus BarcelonaUniversity of SevilleSwedenMälardalen UniversityUmea UniversitySwitzerlandASIAChinaEast China University of Science and TechnologyJiangxi University of Finance and EconomicsJilin UniversitySouthwestern University of Finance and EconomicsZhejiang Wanli UniversityZhongnan University of Economics and LawHong KongThe Hong Kong Polytechnic UniversityIsraelReichman UniversityJapanAkita International UniversityNagoya University of Commerce and BusinessRitsumeikan Asia Pacific UniversitySophia UniversityKazakhstanKIMEP UniversityLebanonHoly Spirit University of Kaslik (USEK)PakistanLahore University of Management ScienceSouth KoreaChonnam National UniversityKyung Hee UniversityPusan National UniversitySogang UniversitySolBridge International School of BusinessSungkyunkwan UniversityZurich University of Applied ScienceTaiwanUkraineOdessa National Economic UniversityNational Tsing Hua UniversitySouthern Taiwan University of Science and TechnologyFu Jen Catholic UniversityUnited KingdomSheffield Hallam UniversityThailandBangkok UniversityTurkeySabanci UniversityUnited Arab EmiratesAUSTRALIAAustraliaQueensland University of TechnologyS P Jain School of Global ManagementAjman University

CurriculumFall semesterCourseECTSFacultyMarketing Strategy /Simulation5Maja Martinović, PhD, ZSEMOperations Management5Goran Oblaković, PhD, ZSEM, Luxembourg School of BusinessMarin Jovanović, PhD, Copenhagen Business School, Visiting ScholarFinancialManagement6Mato Njavro, PhD, ZSEM, Singapore Management University,University of St. Gallen - HSGJos van Bommel, PhD, University of LuxembourgTomislav Bajić, CFA - Croatian TelecomStrategy5Dino Dogan, PhD, ZSEM, Luxembourg School of BusinessMato Njavro, PhD, ZSEM, Singapore Management University,University of St. Gallen - HSGMaximization andMeasurement of CompanyValue / CAPSTONE5Goran Oblaković, PhD, ZSEM, Luxembourg School of BusinessSpring semesterCourseECTSFacultyManagement of Changeand Human Resources5Bruno Filipi, Executive In Residence at ZSEM,Ex-President Coca-Cola China, Coca-Cola South PacificAdvanced HumanResource Topics5Ivona Škreblin Kirbiš, PhD, ZSEMIvan Bartulović, Croatian TelecomIvana Drkelić, MBA, TevaMirna Koričan Lajtman, PhD, ZSEMBusiness Ethics, CSRand Sustainability6Kristijan Krkač, PhD, ZSEMBorna Jalšenjak, PhD, Luxembourg School of BusinessIgor Matutinović, PhD, ZSEMLeadership4Borna Jalšenjak, PhD, Luxembourg School of BusinessDan Ebener, PhD, St. Ambrose UniversityBruno Filipi, Executive In Residence at ZSEM,Ex-President Coca-Cola China, Coca-Cola South PacificManagerialAccounting andFinancial Reporting5Branka Remenarić, PhD, ZSEMIvan Čevizović, PhD, ZSEMInternship3Graduate Thesis7

Literature andE-learning PlatformBooks from recognized international and domestic authors (in English or Croatiantranslation) are available to all students in the library or will be delivered in e-formatfor all courses.Learning through the Internet platform will be utilized, so all materials will beposted online.Teaching Methods lectures, discussions, and practical exercises interactive assignments in small groups, which allowsstudents to apply the theoretical knowledge gainedand exchange experiences with professors and fellowstudents learning through practical examples and case studies learning through simulations studying from the latest literature and utilizingdistance learning.“”The students and alumni that we metexceeded our expectations – both in terms oftheir preparation and technical knowledge.- Henrik Takacs, Morgan Stanley, Investment Bank13

Introductory SemesterMany of the candidates find themselves wishing to enroll into MBA programs, due to professional or private reasons,while they do not possess an undergraduate degree in business or economics. Those candidates can still enroll, however,before the commencement of their MBA classes, they must attend an introductory semester in which they must attendthe courses from the areas of economics, marketing, business and finance, management and accounting.By attending the classes and passing exams in those fields, the candidates will get acquainted to the field of economicsand will be ready to continue with their MBA courses afterwards.The introductory semester starts in January every year and lasts until the end of February, at which point the MBAclasses start. The introductory semester starts in January every year and lasts until the end of ingBusiness Finance14ECTS66666FacultyMilan Deskar Škrbić, PhDMaja Martinović, PhDGoran Oblaković, PhDMario Varović, MScDenis Alajbeg, PhD

Academic ContactsGoran Oblaković, PhDProgram Directorgoran.oblakovic@zsem.hrMobile: 385 98 274 801Matej Nakić, mag.psych.Academic Assistantmnakic@zsem.hrMobile: 385 98 240 446“After searching and comparing the programs offered in Croatia and the surrounding area, Idecided for the Executive MBA program of ZSEM because it is advanced enough that even afterso many years of career it offers me to learn something new, flexible enough because it provideslectures on weekends. It cuts with my work schedule and brings together professors who areexperts in their fields and have developed respectable business careers outside of academia. Afterenrolling, I realized that the lectures are detailed and professionally conceived and can offer anystudent, regardless of the level of career development, additional knowledge that complementsand improves the understanding of management.Hrvoje SelešMBA Alumni”15

Zagreb School of Economics and ManagementUlica Filipa Vukasovića 1, Zagreb, Croatiainfo@zsem.hr / www.zsem.hr

Eastern Europe according to the Eduniversal ranking. ZSEM's partnership with . program that includes key courses from all graduate ZSEM MBA programs. The main purpose of the program is to . such as the University of Michigan Flint, EDHEC Business School in France, Frankfurt School of Finance and Management, Plekhanov Russian Academy of .