mba - study mba in croatia

Graduate MBA Program

Dedicated to Quality

BEST BUSINESS SCHOOL IN EASTERN EUROPE

2

In 2013, the Zagreb School of Economics and Management became the first AACSB accredited business school in Croatia!

3

A Message from the Deans

a message from the deans

Dear Friends, The importance of having a proper business education in these trying economic times cannot be overstated. As organizations grow, develop, and operate across borders, they require a workforce that is internationally mobile, able to adapt to rapidly changing market circumstances, and represent ca-pable and responsible global citizens. Even if you don’t have a background in business administration or economics, an MBA can mean the difference between advancing within an organization and not.

The Zagreb School of Economics and Management, Croatia’s leading business school according to Eduniversal’s global ranking, can give you the education you need to make that decisive step forward in your career. Our Graduate Program includes nine different specializations to choose from and a General MBA program, it is taught by a combination of Croatian and foreign professors and experts, and uses advanced teaching methods such as computer simulations. Our outstanding student to professor ratio guarantees a personal approach to your education, where every professor knows your name and is attuned to your weaknesses and strengths.

Our MBA program has also received international recognition for its quality, as our Management, Marketing, Management of Information Systems, Finance and Banking, Accounting, Auditing and Taxes specializations were all listed in Eduniversal’s top ten lists for Eastern Europe. In this ranking, our Human Resource Management was named the top specialization of its kind for Eastern Europe, and our Quantitative Finance specialization was named as one of the 100 best in the world for the second consecutive year.

ZSEM can also offer you a truly international educational experience, as you can spend a semester at more than 100 of our partner universities and institutions, for no additional tuition cost. Our Career Center can provide you with counseling on how to nurture your career after you graduate, and will provide assistance whenever you need it. Thanks in part to our Career Center, 73% of our undergraduate students find employment within four months of graduation.

Thank you for considering the Zagreb School of Economics and Management for your graduate education. If you have any further questions about our programs or the services we offer, feel free to contact our friendly staff.

Maja Martinović, PhDAssociate Dean, Graduate MBA Program

Đuro Njavro, PhDDean

4

About ZSEM

The Zagreb School of Economics and Management is Croatia’s best business school according to Eduniversal’s global ranking. For more than ten years, ZSEM has been educating Croatia’s future economic and business experts, and has become a center for thought and discussion on contemporary economic and business issues in Croatia. With more than 1100 undergraduate students, over 150graduate students, and more than 1800 alumni, ZSEM’scommunity is continuously growing. Every major cor-poration and institution in Croatia has employed ZSEM graduates, while our alumni have also made their mark on society by becoming entrepreneurs and researchers.

Located in Zagreb’s beautiful Jordanovac neighborhood, ZSEM’s picturesque campus offers all the amenities stu-dents need: multiple computer labs, a well-stocked library, comfortable lecture halls, a canteen, Wi-Fi network, and much more.

ZSEM’s faculty includes renowned professors, researchers, and experts from around the world. Often, our profes-sors are featured in Croatia’s national media, and many lecturers hold senior posts in Croatia’s top corporations and public institutions (Croatian National Bank, Croatian Telecom, Ericsson Nikola Tesla, etc.).

With more than 100 partner universities all over the world, many ZSEM students, including our graduate students, spend a semester abroad without paying additional tuition fees. Also, ZSEM welcomes more and more international exchange students every year, and hosts an annual Inter-national Summer School.

In 2013, ZSEM became the first AACSB accredited busi-ness school in Croatia, thus joining the elite group of 5% of the world’s business schools that hold this prestigious accreditation.

The mission of ZSEM is to transfer values, knowledge, and skills that students need for long-term success in a globalized business world undergoing constant technological and market transformations.

5

About ZSEM’s Graduate MBA Program

The Zagreb School of Economics and Management offers a Master’s level degree in general man-agement – General MBA and a Master’s level degree in specialized programs. With nine different specializations, as an aspiring business professional you will be able to find a specialization that provides you with the skills and knowledge needed to succeed in your particular context.

Specializations offered include:

• Management• Marketing• Finance and Banking• Accounting, Auditing, and Taxes• Human Resource Management• Quantitative Finance• Management of Information Systems• Finance and Accounting• Supply Chain Management

Specialized MBA programs last for one year, and are aimed at providing in-depth knowledge in each area of study. Not only are classes conducted by some of Croatia’s foremost experts in business administration, but we have assembled an international faculty consisting of professors from Ross Business School at the University of Michigan, St. Ambrose University, John Carroll University, St. Gallen University, and others.

Our programs are designed for maximum flexibility, as all of our classes take place during the after-noon or on weekends, helping you balance your work obligations, education, and personal life. Also, if you wish to spend a semester abroad on international exchange, you can do so at one of over 100 partner universities and institutions for no additional tuition cost.

In Eduniversal’s most recent ranking of MBA specializations and master programs, ZSEM’s MBA programs in Management, Marketing, Finance and Banking, Accounting, Auditing and Taxes, and Management of Information Systems were all included in top 10 lists for Eastern Europe, while our Human Resource Management specialization was declared the best of its kind in Eastern Europe! Also, our Quantitative Finance specialization was included in Eduniversal’s global top 100 MBA specializations in its category.

Our General MBA program is aimed at acquiring an interdisciplinary education that combines courses from other MBA specializations. Providing courses from our Management, Marketing, Finance and Banking, and Accounting, Auditing and Taxes specializations, graduates of our General MBA will acquire knowledge and skills in a broad area of business administration.

graduate mba program

Best Business School in SE Europe: HRM specialization was declared the best in Eastern Europe.www.eduniversal-ranking.com

6

Learning Methods Adapted to You

At the Zagreb School of Economics and Management we pride ourselves on providing a personal approach to our student’s education, along with the most modern educational tools, techniques, and methods. Our students always work in small study groups, where they can communicate directly with their professors and colleagues, and where lectures can be highly interactive and dynamic.

We aim to provide a bridge between theory and practice; our intensive use of computer simulations and the case study method develops our students’ critical thinking and analytical skills. Business theory isn’t very useful if one doesn’t know how to apply it in practice – and that’s what these methods accomplish. The simulations utilized – Capstone, Markstrat, and HRManagement – put students in the role of a virtual manager that must make business decisions in marketing, finances, recruiting, product development, and in other areas. By analyzing the outcome of their decisions, students learn how to utilize theory to adapt to changing market dynamics.

Our MBA students are also required to work on group and individual projects, developing their teamwork skills, as well as their oral and written communication talents. Each specialization consists of obligatory coursework and a graduate thesis. Students also have the option of taking specialized elective courses, as well as courses offered by other graduate specializations at ZSEM.

Our program is perfectly suited to both recently graduated students and employed professionals that are keen on developing their abilities and advancing within their organizations.

ZSEM’s Graduate MBA Program will help you:

• Plan and act more effectively in business circumstances, and help you grow as a leader and manager.

• Develop your competitive advantages in order to successfully compete in the demanding international labor market.

• Develop a wide range of skills, as well as specialized and applicable business knowledge.• Open up new possibilities for employment, even during your time in the program.• Earn valuable experience by working on international business cases and diverse projects.

Our program is perfectly suited to both recently graduated undergraduate stu-dents and employed professionals that are keen on developing their abilities and advancing within their organizations.

7

Additional Services that Add Value

Career Center

The Zagreb School of Economics and Management offers all its students and alumni the services of its Career Center, whose only job is to help you find a job. Through individual and group counseling, workshops, and through Croatia’s leading career fair, Student Future Day, our Career Center helps students find employment relatively easily, even in these trying economic times. Thanks to our Career Center’s extensive database of job openings, students are always informed about current opportunities on the labor market. This service can also assist students looking for internships, and an increasing number of ZSEM students are completing their internships and find-ing employment in Western Europe.

Our Career Center provides a lifelong service. We will continually follow your career progress for decades after you graduate. If you’re planning to change jobs, companies, or just looking for advice on how to advance your career within your organization, our Career Center is always at your service, free of charge. Through this Center, you will also be informed about additional seminars and work-shops that could be beneficial for your professional development.

For more information, please visit career.zsem.hr

International Student Exchange

With more than 100 partner universities and institutions spread over every continent, the Zagreb School of Economics and Management is arguably Croatia’s most international business school. ZSEM’s MBA students have the option of spending a semester on international exchange, without having to pay additional tuition.

Our partner schools include some of the best business schools in the world, such as the University of Michigan − Flint, EDHEC Business School in France, Frankfurt School of Finanace and Management, Plekhanov Russian Academy of Economics Moscow, and many more. If you’ve ever aspired to have a truly global education, spend some time studying in another country, or to learn your craft at some of the best business schools in the world, the Zagreb School of Economics and Management can be your door into the wider world.

Spending time on international exchange helps you:

• Make friends and build international contacts that will help your later in your career• Master a foreign language• Prove to employers your ability to adapt to new circumstances and work in diverse

environments• Learn at some of the best business schools in the world – without paying additional tuition• Have an experience you will cherish and remember.

For more information, please visit international-office.zsem.hr

additional services

ZSEM has partnerships with more than 100 universities around the world.

ArgentinaBachelor degreeUniversidad Austral, Buenos AiresMaster degreeUniversidad Austral, Buenos Aires

PolandBachelor degreeWarsaw School of EconomicsKozminsky UniversityMaster degreeWarsaw School of EconomicsKozminsky University

LithuaniaBachelor degreeISM University of Management and EconomicsMaster degreeISM University of Management and Economics

RussiaBachelor degreeUniversity – Higher School of EconomicsMGIMO UniversityPlekhanov Russian University of Economics, MoscowUral Federal UniversitySaratov State Technical UniversityOdessa National Economic UniversityMaster degreeUniversity – Higher School of EconomicsMGIMO UniversityPlekhanov Russian University of Economics, MoscowInternational University in MoscowUral Federal UniversitySaratov State Technical UniversityOdessa National Economic University

ItalyBachelor degreeUniversità degli Studi di Modena e Reggio EmiliaUniversity of BolognaSapienza Università di Roma – Facoltà di EconomiaUniversity of TorinoMaster degreeUniversità degli Studi di Modena e Reggio EmiliaLUISS Guido Carli UniversitySapienza Università di Roma – Facoltà di Economia

HungaryBachelor degreeCorvinus University BudapestMaster degreeCorvinus University Budapest

SloveniaBachelor degreeFaculty of Economics, University of LjubljanaMaster degreeFaculty of Economics, University of Ljubljana

ChileBachelor degreeUniversidad del DesarrolloMaster degreeUniversidad del Desarrollo

PeruBachelor degreeUniversidad San Ignacio de LoyolaUniversidad del PacificoMaster degreeUniversidad San Ignacio de LoyolaUniversidad del Pacifico

JapanBachelor degreeRitsumeikan Asia Pacific UniversityNagoya University of Commerce and Business Master degreeRitsumeikan Asia Pacific UniversityNagoya University of Commerce and Business

ChinaBachelor degreeZhongnan University of Economics and LawZhejiang Wanli University Jilin UniversitySouthwestern University of Finance and EconomicsEast China University of Science Technology

Master degreeZhongnan University of Economics and LawZhejiang Wanli University Jilin UniversitySouthwestern University of Finance and EconomicsEast China University of Science Technology

South KoreaBachelor degreeSogang UniversityKyung Hee University Sungkyunkwan UniversityChonnam UniversityPusan National UniversityMaster degreeSogang UniversityKyung Hee University Sungkyunkwan UniversityChonnam UniversityPusan National University

TaiwanBachelor degreeSouthern Taiwan UniversityNational Tsing Hua UniversityMaster degreeSouthern Taiwan UniversityNational Tsing Hua University

United KindomBachelor degreeBradford College Northumbria UniversityMaster degreeNorthumbria University

BelgiumBachelor degreeUniversité Saint Louis BruxellesUniversité de LiègeMaster degreeSolvay Brusseles School of Economics and ManagementUniversité de Liège

NorwayBachelor degreeBI Norwegian School of ManagementMaster degreeBI Norwegian School of Management

SwedenBachelor degreeMälardalen UniversityUmea UniversityUmea School of Business and EconomicsMaster degreeMälardalen UniversityUmea School of Business and Economics

ThailandBachelor degreeBangkok UniversityMaster degreeBangkok University

SingaporeBachelor degreeNanyang Technological University in Singapore (NTU)S P Jain School of Global Management, SingaporeMaster degreeNanyang Technological University in Singapore (NTU)S P Jain School of Global Management, Singapore

AustraliaBachelor degreeQueensland University of TechnologyS P Jain School of Global Management, SydneyMaster degreeQueensland University of Technology

BrazilBachelor degreeUniversity of Sao PauloMaster degreeCOPPEAD Graduate School of Business, UFJRUniversity of Sao Paulo

CanadaBachelor degreeOkanagan CollegeConcordia UniversityUniversité du Québec à MontréalUniversity of ManitobaRyerson UniversityHEC MontréalMaster degreeUniversité du Québec à MontréalUniversity of Manitoba

USABachelor degreeSaint Ambrose UniversityUniversity of Central MissouriUniversity of Michigan – FlintJohn Carroll University, ClevelandSt. Thomas University, FloridaMaster degreeSaint Ambrose UniversityUniversity of Central MissouriUniversity of Michigan – FlintJohn Carroll University, ClevelandSt. Thomas University, Florida

MexicoBachelor degreeUniversidad Panamericana, Mexico CityUniversidad Panamericana, GuadalajaraTecnológico de Monterrey ITESM – Campus QuerétaroMaster degreeUniversidad Panamericana, Mexico CityUniversidad Panamericana, GuadalajaraTecnológico de Monterrey ITESM – Campus QuerétaroIPADE Business School

GermanyBachelor degreeFrankfurt School of Finance & ManagementGoethe University Frankfurt am MainEBS University for Business and LawReutlingen UniversityMunich Business SchoolPforzheim UniversityCologne Business School (CBS)Fachhochschule KoblenzMaster degreeFrankfurt School of Finance & ManagementGoethe University Frankfurt am MainHHL Leipzig Graduate School of ManagementEBS University for Business and LawReutlingen UniversityMunich Business SchoolCologne Business School (CBS)Fachhochschule Koblenz

FranceBachelor degreeESSEC Business School ParisEDHEC Business SchoolToulouse Business SchoolScience Po Lille (Institute for Political Studies of Lille)ESG Paris Graduate School of ManagementFrance Business School, AmiensICN Business SchoolNeoma Business SchoolTélécom Ecole de ManagementKEDGE Business School Sciences Po ParisGroupe ESC DijonMaster degreeToulouse Business SchoolAudencia Nantes School of ManagementScience Po Lille (Institute for Political Studies of Lille)ESG Paris Graduate School of ManagementICN Business SchoolNeoma Business SchoolTélécom Ecole de ManagementKEDGE Business SchoolSciences Po Paris

MoroccoBachelor degreeESCA Ecole de ManagementGropue ISCAEMaster degreeESCA Ecole de ManagementGropue ISCAE

SpainBachelor degreeTBS BarcelonaUniversidad Carlos III de MadridUniversitat Internacional de CatalunyaDeusto Business SchoolUniversity of Navarra, PamplonaUniversity of BarcelonaMaster degreeUniversidad de Navarra, San Sebastián

PortugalBachelor degreeISCTE-IUL Business SchoolNova School of Business and EconomicsCatholic University of Portugal, PortoMaster degreeISCTE-IUL Business SchoolNova School of Business and EconomicsCatholic University of Portugal, Porto

NetherlandsBachelor degreeThe Hague University Stenden University

SwitzerlandBachelor degreeUniversity of St. GallenZHAW Zurich University of Applied SciencesMaster degreeUniversity of St. GallenZHAW Zurich University of Applied Sciences

TurkeyBachelor degreeKoç UniversityBeykent UniversityMaster degreeKoç UniversityBeykent University

United Arab EmiratesBachelor degreeS P Jain School of Global Management, DubaiThe Emirates Academy of Hospitality Management

IndiaMaster degreeInstitute of Management Technology

GeorgiaBachelor degreeTbilisi Business and Management Higher Educational InstitutionMaster degreeTbilisi Business and Management Higher Educational Institution

KazahstanBachelor degreeKIMEP UniversityMaster degreeKIMEP University

LebanonBachelor degreeHoly Spirit University of KaslikMaster degreeHoly Spirit University of Kaslik

Czech RepublicBachelor degreeMasaryk UniversityMaster degreeMasaryk University

AustriaBachelor degreeUpper Austria University of Applied Sciences, School of Management (Steyr)Master degreeUpper Austria University of Applied Sciences, School of Management (Steyr)

FinlandBachelor degreeJyväskilä University of Applied SciencesLaurea University of Applied SciencesMaster degreeJyväskilä University of Applied SciencesLaurea University of Applied Sciences

Hong KongBachelor degreeThe Hong Kong Polytechnic University

Hong Kong Baptist UniversityMaster degreeThe Hong Kong Polytechnic University

Hong Kong Baptist University

PakistanMaster degreeLahore University of Management Sciences Universidad del Pacifico

10

ZSEM’s graduate

MBA program

generalmba

program

specializedmba

programs

11

MBA in Management

MBA in Finance and Banking

MBA in Accounting, Auditing and Taxes

MBA in Human Resource Management

MBA in Quantitative Finance

MBA in Management of Information Systems

MBA in Finance and Accounting

MBA in Supply Chain Management

MBA in Marketing

12

Admission Requirements

ZSEM’s Graduate MBA Program is open to all candidates that have completed a four-year under-graduate program (240 ECTS) in any academic field (business administration, law, engineering, etc.). Applicants that do not have a prior education in economics or business administration must com-plete a presemester, in which they will attend and pass exams in the following courses: Principles of Economics, Marketing, Principles of Business Finance, Principles of Management, and Introduction to Accounting.

Applicants who completed a three year undergraduate program must complete the fourth year of ZSEM’s Undergraduate Program.

In order to apply for our Graduate MBA Program, you must submit the following documents:• Your undergraduate diploma (original or notarized copy)• Grade transcripts• Two letters of recommendation• Motivation letter• Your CV or resume• Birth certificate (original or notarized copy)• For Croatian citizens, a certificate of citizenship (original or notarized copy)• For international applicants, a passport copy • For international applicants, document proving that you have a source of supporting

the study at ZSEM (most often ‘bank statement’)• Two photos (4x6 cm) • Proof of payment of application fee. Information about the fee is available at the

web page mba.zsem.hr

For international students, all documents for submission need to be prepared in English. When official documents are translated into English, translation needs to be done by a certified court translator. International students are obliged to consult Croatian authority for a Temporary Stay Permit (“Privre-meni boravak”).

Application documents are to be submitted to the office of the Graduate MBA Program.

Admission to the MBA program will be judged according to the following scales: • Success in undergraduate program – 30%• Interview with candidate – 30%• 2 recommendations on academic or professional qualifications – 25%• Motivation letter – 15%

Application documents will be processed by the Graduate MBA Teaching Committee and candidates who have successfully passed the screening procedure (mentioned above in 1, 3 and 4) will be called for an interview as the last step for admission. Interviews will be held by the Graduate MBA Teaching Committee with 2 members at the location of ZSEM or online via Skype. Please keep in mind that the process is selective, and that the Zagreb School of Economics and Management reserves the right to discretion in selecting the best candidates for admission to its Graduate MBA Program.

uvodne riječiadmission and tuition

13

application deadlines

Tuition

Tuition for ZSEM’s Graduate MBA program includes the following:

• All your classes, case studies, and access to our library.• Use of Blackboard, the innovative e-learning system in use at ZSEM.• Access to our international student exchange program. • Support from our Career Center.

For current tuition rates and discounts, please visit mba.zsem.hr

Tuition payment plans at ZSEM have been designed to be as flexible as possible. MBA students can pay tuition in installments, using an American Express card in 6 installments interest-free, using con-sumer credit for up to 36 installments, or by using a Diners card in up to 12 installments interest-free.

In cooperation with Zagrebačka banka and Erste&Steiermärkische Bank, the Zagreb School of Econom-ics and Management also offers the option of paying tuition using student loans. These loans allow students to study at the best business school in Croatia, but also maintain their financial flexibility. Students aren’t required to repay these loans until one year after they graduate, allowing them enough time to find employment and become financially independent.

14

Application DeadlinesApply online at: mba.zsem.hr and www.zsem.hr.

Application deadlines will be posted for each academic year on the web site of the Graduate MBA Program.

For all the other information on our Graduate program, please contact:

Maja Martinović, PhDAssociate Dean of the Graduate MBA programTel. +385 (1) 235 4147 E-mail: [email protected]

Ivan Pemić, BAHead of Graduate officeTel.: +385 (0) 1 235 4266Mobile: +385 (0)98 240 447Fax: +385 (0) 1 235 4269E-mail: [email protected]

Elizabeta Ivančević, prof.Graduate office coordinatorTel.: +385 (0)1 235 4266Mobile: +385 (0)98 274 901Fax: +385 (0) 1 235 4269E-mail: [email protected]

application deadlines

17

Many of the candidates find themselves wishing to enroll into MBA programs, due to professional or private reasons, while they do not possess undergraduate degree in business or economics. Those candidates can still enroll, however, before the commencement of their MBA classes, they must at-tend an introductory semester in which they must attend the 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 economics, and 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 MBA classes start.

The introductory semester starts in January every year and lasts until end of February.

COURSE TITLE ECTS PROFESSORS

Principles of Economics 6 Ante Žigman, PhD

Marketing 6 Maja Martinović, PhD

Principles of Management 6 Kristina Šorić, PhD

Introduction to Accounting 6 Ana Šafran, PhD

Principles of Business Finance 6 Andrej Grubišić, DBA

For more information on our introductory semester, please contact:

introductory semester

Dina Vasić, MBAAcademic SecretaryTel: +385 (0)1 235 4272Mobile: +385 (0)99 243 3062Fax: +385 (0)1 235 4269Email: [email protected]

18

General mba

ZSEM’s General MBA is a special interdisciplinary program that provides students with a wide range of course op-tions. The purpose of this program is to offer students the possibility of choosing the most interesting graduate courses that ZSEM offers. This way, students can mold their own educational experience that meets their learn-ing goals.

In this program, students will take core courses in market-ing, management, finance, banking, accounting, auditing and taxes. However, they will also be able to choose elec-tive courses from other MBA specializations, creating a combination of courses that suits their individual needs. For those that wish to have a broader MBA experience in terms of acquiring knowledge and competencies from different areas of business administration, our General MBA represents an ideal choice.

Courses included in this program in the Management module include Strategy, and Business Ethics and CSR, in order to help students develop a grasp of strategic thinking and to recognize moral dilemmas in business, as well as make ethical business decisions. The Marketing Simulation offered puts students in the role of a Marketing Manager, who must make decisions in a virtual firm and develop a marketing strategy. The Financial Institutions and Markets, Financial Statement Analysis, and Financial Reporting courses all aim to make students literate in analyzing accounting and financial reports. Students are required to take four elective courses during the program, which will culminate in the creation of a Graduate Thesis.

Because of the more broad approach provided in this pro-gram, our General MBA is perfectly suited to those that are just being introduced to business administration for the first time. In today’s dynamic business environment, organization members without a business background are being asked to take managerial positions, while not possessing the knowledge and skills needed to succeed in them. This General MBA Program bridges that gap – if you want to advance within your organization and develop the skills and knowledge needed to succeed in a managerial or leadership position, this program is for you.

Another special feature of this program is the possibility of extending its duration without additional tuition charges, i.e. the rescheduling of taking certain courses in the next academic year.

19


MANAGEMENT Strategy

5

Dino Dogan, PhDPrashant Kale, PhDMarkus Menz, PhDZlatko Mateša, PhD

Business Ethics, CSR and Sustainability

3Kristijan Krkač, PhDBorna Jalšenjak, PhDIgor Matutinović, PhD

One (1) elective course

MARKETING Marketing Simulation 5Mira Marušić, PhDMaja Martinović, PhD

Two (2) elective courses

FINANCE AND BANKING Financial Institutions and Markets 5Jurica Vukas, PhDDenis Alajbeg, PhD

One (1) elective course

Hrvoje Volarević, PhDMario Varović, MScACCOUNTING, AUDITING

AND TAXESFinancial Statement Analysis 5

Financial Reporting 6Paško Anić-Antić, PhDMario Varović, MSc

Graduate Thesis 8

For more information on our General MBA Program, please contact:

Siniša Krajnović, PhDProgram Director, General MBA Tel.: +385 (0)1 235 4067Email: [email protected]

Ivija Bernatović, MBAAcademic SecretaryTel: +385 (0)1 235 4067Mobile: +385 (0)99 312 6601Fax.: +385 (0)1 235 4155Email: [email protected]

general mba curriculum

20

MBA in Management

Managers are the ones ultimately responsible for the suc-cessful and efficient operation of organizations. However, in order to accomplish this, managers must have skills and knowledge that will help them succeed in such a role. They need to adequately manage human resources because, as the saying goes, every manager with subordinates is a human resource manager. They need to be adept in using leadership techniques and in strategic thinking. A strong moral compass is a prerequisite for any modern manager, as is an ability to manage projects, read into accounting reports, and use statistics to reduce uncertainty in busi-ness decision making.

The MBA in Management at the Zagreb School of Eco-nomics and Management aims to help potential students strengthen their understanding of the philosophy of man-agement, develop analytical capabilities, and to help them become the managers they can be. If you’re currently pur-suing or wish to embark on a career in human resource management, project management, e-business, or if you just want to develop your strategic and leadership skills, this program was designed for you. As part of this pro-gram, students will also take part in business simulations that aim to test their decision making abilities and to help them understand the consequences of their decisions.

ZSEM’s MBA in Management includes courses in Strategy, Management of Change, Business Ethics, Project Man-agement, Managerial Accounting, and more. In order to give our students a broader view of how managerial deci-sions affect organizations, students will also take a course consisting of a human resource management simulation, Strategies for Managing Human Resources. The Mark-strat marketing simulation will also be administered in an obligatory course. As marketing and maximization of company value are inherently linked, this course provides students with an opportunity to fill the role of a marketing manager in a virtual firm.

This program consists of two semesters of compulsory coursework, followed by the creation of a Graduate Thesis, totaling 60 ECTS points. Lecturers in this program include Randy Richards and Dan Ebener (St. Ambrose University, United States), Renata Franc (Ivo Pilar Social Sciences Institute), Zlatko Mateša (President, Croatian Olympic Committee), and many others. Our faculty also includes Prashant Kale (Rice University, Texas), who was recently included in Bloomberg Businessweek’s list of the best 10 business professors in the world. The MBA in Management at the Zagreb School

of Economics and Management aims to help potential students strengthen their under-standing of the philosophy of management, de-velop analytical capabilities, and to help them become the managers they can be.

For more information about ZSEM’s MBA in Management, please contact:

Dino Dogan, PhDProgram Director, MBA in ManagementTel: +385 (0)1 235 4144Email: [email protected]


1st Semester

Management of Change and Human Resources 5Randy Richards, PhD

Ivona Škreblin Kirbiš, PhD

Electronic Business Management 5 Hrvoje Jerković, PhD

Leadership 4 Dan Ebener, PhDBorna Jalšenjak, PhD

Strategy 5Prashant Kale, PhDZlatko Mateša, PhDMato Njavro, PhD

Strategies for Managing Human Resources 5 Mirna Koričan Lajtman, MBA, MA

Business ethics, CSR and Sustainability 3Kristijan Krkač, PhD Borna Jalšenjak, PhDIgor Matutinović, PhD

2nd Semester

Managerial Accounting 3 Hrvoje Volarević, PhD

Project Management 5 Siniša Krajnović, PhD

Marketing Simulation 5 Maja Martinović, PhD

Quantitative Methods for Managers 4 Petra Posedel, PhD

Managerial Techniques 3Andreja Brajša Žganec, PhDJagoda Poropat Darrer, MA

Maximization and Measurement of Company Value 5 Igor Gvozdanović, DBA

Graduate Thesis 8

mba in management curriculum

Ana Kuštrak Korper, MA, MBAAcademic SecretaryTel: +385 (0)1 235 4147Mobile: +385 (0)99 243 3355Fax: +385 (0)1 235 4155Email: [email protected]

22

MBA in Marketing

Marketing is a central function in all successful modern organizations, regardless if they’re corporations, small or medium size businesses, charities, and even in some government institutions. The importance of marketing in today’s society cannot be overstated; as technological advancements have made it easier for companies to find customers and markets in different parts of the world, marketing has become a complex activity that transcends the 4P’s; successful marketing is the key to survival of many organizations.

Career options in marketing can also be very diverse. If you decide to make the leap and specialize your skills in this field, you can work for companies that engage in mar-keting activities such as brand management, strategic management, or new product development. Also, you can work for organizations that provide marketing services such as marketing research, advertising, public relations, or consulting.

The goal of this program is to prepare students for senior marketing positions in a variety of organizations by de-veloping their skills and knowledge in marketing, while also transferring ethical business values. This program will expose students to knowledge of marketing concepts and theories, and will also teach them how to apply these marketing concepts and theories in various organizational and industrial contexts.

This program provides an optimal combination of courses in marketing theory, such as Consumer Behavior, Product Management and Design, Services Marketing, Interna-tional Marketing and more, along with more qualitative courses such as Marketing Research, Marketing Metrics, and Price Management. Students will have to take part in a marketing simulation in which their theoretical knowl-edge is tested as they assume the role of a marketing manager in a virtual company.

Lecturers in this program include John D. Branch (Uni-versity of Michigan, United States), Paul R. Murphy (John Carroll University, United States), Daniel Butler (Auburn University, United States), Patricia Loubeau (Iona Col-lege, United States), Thomas Baker (Clemson University, United States), Carlos Rodriguez (Delaware State Univer-sity, United States), Tracy Tuten (East Carolina University, United States), Dominik Mahr (Maastricht University, The Netherlands), and others.

The goal of this program is to prepare students for senior marketing positions in a variety of organizations.

For more information on our MBA in Marketing, please contact:

John Branch, PhDProgram Director, MBA in MarketingLecturer of Marketing and Strategy, Ross School of BusinessUniversity of Michigan, Ann Arbor Michigan, USAEmail: [email protected]

Predrag Haramija, PhDDeputy Director, MBA in Marketing ProgramTel: +385 (0)1 235 4267Fax: +385 (0)1 235 4155Email: [email protected]


1st Semester

Marketing Research 5Patricia Loubeau, PhD Valentina Pirić, PhD

Services Marketing 5Thomas Baker, PhD Maja Martinović, PhD

Marketing Metrics 5Tracy Tuten, PhDPredrag Haramija, PhD

Distribution and Logistics Management 5Paul R. Murphy, PhDGordi Sušić, MSc

Consumer Behavior 5Daniel Butler, PhDHrvoje Maljak, PhD

Product Management and Design 5Carlos M. Rodriguez, PhD Hrvoje Maljak, PhD

2nd Semester

International Marketing 4John Branch, PhD Đuro Njavro, PhD

Integrated Marketing Communications 5Dominik Mahr, PhD Olivera Jurković Majić, PhD

Price Management 5 Gordi Sušić, MSc

Marketing Strategy − Simulation 5Maja Martinović, PhDMira Marušić, PhD

Business Ethics, CSR and Sustainability 3Kristijan Krkač, PhDBorna Jalšenjak, PhDIgor Matutinović, PhD

Graduate Thesis 8

mba in marketing curriculum

Martina Čaić, MBAAcademic SecretaryTel: +385 (0)1 235 4147Mobile: +385 (0)98 274 800Fax: +385 (0)1 235 4155Email: [email protected]

24

MBA in Finance and Banking

The ZSEM Graduate MBA Program in Finance and Bank-ing, which is currently ranked among the 10 best programs of its type in Eastern Europe, aims to prepare students for a career in commercial banks, investment funds, insurance companies, and other similar organizations. However, this program is also perfectly suited for those that plan on working in financial departments of companies operating in other sectors, as well as for those that plan a career in government institutions (the Croatian National Bank, Ministry of Finance, Croatian Financial Services Supervi-sory Agency, etc).

The program consists of two semesters, and culminates with the creation of a Graduate Thesis. The first semester features introductory courses, such as Financial Math-ematics 2 and Introduction into Financial Econometrics, which both aim to transfer basic theoretical knowledge to students in order for them to better understand modern finance and financial data analysis. The first semester also features Financial Management, in which students will learn to analyze corporate securities in the primary and secondary capital markets, as well as financial strategies.

The second semester then builds on the foundations laid by courses in the first by going into further detail through courses such as Financial Law, Financial Institutions and Risk Management, Portfolio Management and Invest-ments, and more. This program also includes a course in Business Ethics and CSR, in which students will learn to recognize moral dilemmas and create ways and processes to solve them. Also, in the context of today’s global eco-nomic crisis and financial scandals, ethical behavior of financial professionals has become more important than ever before. The Zagreb School of Economics and Man-agement is dedicated to producing not only world-class financial experts, but also responsible global citizens.

A significant feature of this program is an optimal combi-nation of basic theoretical knowledge of modern finance, while connecting that theory with current practices which are prevalent in today’s domestic and foreign financial in-stitutions and markets. Lecturers in this program include Hrvoje Volarević, Jurica Vukas, and Igor Jemrić (Croatian National Bank), Dario Silić (Bina Istra), Andrej Grubišić (Grubišić & partners), as well as other esteemed experts.

A significant feature of this program is an optimal combination of basic theoretical knowledge of modern finance, while connecting that theory with current practices.

For more information on our MBA in Finance and Banking program, please contact:

Andrea Pavlović, PhDJoint Program Director, MBA in Finance and BankingEmail: [email protected]

Denis Alajbeg, PhDJoint Program Director, MBA in Finance and BankingEmail: [email protected]

Dina Vasić, MBAAcademic SecretaryTel: +385 (0)1 235 4272Mobile: +385 (0)99 243 3062Fax: +385 (0)1 235 4269Email: [email protected]


1st Semester

Financial Mathematics 2 2 Igor Jemrić, MSc

Introduction into Financial Econometrics 2 Petra Posedel, PhD

Financial Statement Analysis 5Hrvoje Volarević, PhDMario Varović, MSc

Financial Management 9Andrej Grubišić, DBADario Silić, PhDJohn A. Helmuth, PhD

2nd Semester

Financial Law 2 Jelena Madir, PhD

Financial Institutions Risk Management 5Ivan Šverko, PhDAndrea Pavlović, PhD

Financial Derivatives 5 Iskra Kalođera Schmiedecke, PhD

International Financial Management 5Jurica Vukas, PhDMirna Marović, MBA

Financial Institutions and Markets 5Jurica Vukas, PhD

Denis Alajbeg, PhD


Portfolio Management and Investments 9 Denis Alajbeg, PhD

Graduate Thesis 8

mba in finance and banking curriculum

26

MBA in Accounting, Auditing and Taxes

Accounting and auditing professions are dynamic, and they demand continuous training, professional education, and following of prevalent global trends. Because of the demanding nature of these fields, the Zagreb School of Economics and Management provides a solid foundation for anyone wishing to embark on a career in the fields of Accounting, Auditing or Tax Advising through this pro-gram.

This program enables students to acquire knowledge that will form the basis for further development and eventual acquisitions of relevant professional certifications in au-diting, be it internal, external or forensic, or tax advising. This program tracks current trends in accounting and auditing practice, and pays special attention to areas of accounting that are currently relevant, such as the detec-tion of financial fraud within the forensic auditing and financial instruments accounting.

This program was designed for accountants, auditors, and tax professionals who wish to advance and continue their professional development in these areas, as well as for managers who wish to supplement their skills with those from these areas. For those that wish to improve their corporate governance and advance their fraud prevention efforts, this program provides an outstanding theoretical and practical foundation.

ZSEM’s MBA in Accounting, Auditing and Taxes lasts two semesters and is completed with the defense of a Graduate Thesis. Courses offered include Financial Reporting, Fi-nancial Statement Analysis, International and EU Tax Law, Financial Fraud Detection, and many more. Students must also take two elective courses in the second semester of the program. Students will also be become familiarized with the Croatian tax system through the Direct Taxes in Croatia and Indirect Taxes in Croatia courses. As with other programs, ZSEM’s MBA in Accounting, Auditing and Taxes also includes the Business Ethics and CSR course, to provide students with an insight in moral dilemmas and how to solve them.

ZSEM’s MBA in Accounting, Auditing and Taxes also includes the Business Ethics and CSR course, to provide students with an insight in moral dilemmas and how to solve them.

27

For more information on the MBA in Accounting, Auditing and Taxes program, please contact:

Ana Šafran, PhDProgram Director, MBA in Accounting, Auditing and TaxesEmail: [email protected]

Ivana Beštak, BAAcademic SecretaryTel.: +385 (0)1 235 4151Mobile: +385 (0)99 807 1125Fax: +385 (0)1 235 4155Email: [email protected]


1st Semester

Financial Reporting 6Paško Anić-Antić, PhDIvan Čevizović, PhD


Direct Taxes in Croatia 5Paško Anić-Antić, PhDIvan Čevizović, PhD

Financial Statement Audit 6 Ana Šafran, PhD

2nd Semester

Financial Fraud Detection 6 Ana Šafran, PhD

Indirect Taxes in Croatia 5Paško Anić-Antić, PhDBranka Remenarić, PhD

Accounting Information Systems 3 Branka Remenarić, PhD

International and EU Tax Law 5 Marjeta Tomulić Vehovec, PhD


Elective Course 1 4

Elective Course 2 4

Graduate Thesis 8

mba in accounting, auditing and taxes curriculum

MBA in Human Resource

Management

Bill Gates once said: “Take our best 20 people away, and I will tell you that Microsoft would become an unimportant company”. As companies compete in the global market-place with their products and services, they also com-pete with each other to attract the best and most talented people. Bill Gates’ statement only rings truer today; as global competition intensifies, companies are going to greater lengths to attract and keep their best performers and value creators. After all, great companies are made by great people.

The MBA in Human Resource Management at the Zagreb School of Economics and Management represents the best step HRM managers can make in developing their organization’s strongest competitive advantage; their people. Our HRM MBA was recently placed at the top of Eduniversal’s list of the best HRM MBAs in Eastern Eu-rope. This program is designed for managers and future business professionals that want to learn how to utilize their people to achieve organizational objectives, who wish to learn how to recruit star employees, how to man-age change, create a HR strategy, and more.

Courses within this program include Recruitment and Selection, Leadership, Management of Change and Hu-man Resources, Performance Measurements and Reward Systems, and others. Classes include examples of human resource management in practice, video examples, case studies, and are highly interactive. In this program, stu-dents will also take part in a computer simulation in which they will assume the role of a Human Resource Manager, and make decisions on recruitment, promotions, salary increases, employee training, etc. Based on the outcomes of their actions, they will learn how HRM theory relates to practice. This program lasts for two semesters, in the second of which students will have to create a Graduate Thesis.

The lecturers represent a combination of Croatian and foreign experts in the area of Human Resource Manage-ment. Study groups are small, as they are in all programs offered by the Zagreb School of Economics and Manage-ment, and communication between professors and stu-dents is direct. Lecturers in this program include Dino Dogan, Li Choy Chong and Markus Menz (St. Gallen Uni-versity, Switzerland), Julie Felker (University of Michigan, United States), Herman Lassleben (Reutlingen University, Germany), Randy Richards and Dan Ebener (St. Ambrose University, United States), along with ZSEM’s experts.


1st Semester

Management of Change and Human Resources 5Randy Richards, PhD

Ivona Škreblin Kirbiš, PhD


Leadership 4Dan Ebener, PhDRenata Franc, PhD Borna Jalšenjak, PhD

Strategy 5Markus Menz, PhDDino Dogan, PhD


2nd Semester

Recruitment and Selection 5 Herman Lassleben, PhD Vera Čubranić, MSc

Strategies for Managing Human Resources 5 Mirna Koričan Lajtman, MBA, MA


Performance Measurements and Reward Systems 5Julie Felker, PhDAndrijana Mušura, PhD

Measurement Application in Human Resource Management 5 Ivona Škreblin Kirbiš, PhD

Intercultural Transformational Leadership 5 Li Choy Chong, PhD

Graduate Thesis 8

For more information on the MBA in Human Resource Management program, please contact:

Julie Felker, PhDProgram Director, MBA in Human Resource ManagementTel.: +385 (0)1 235 4144Email: [email protected]

Mirna Koričan Lajtman, MA, MBAAcademic SecretaryTel.: +385 (0)1 235 4144Mobile: +385 (0)98 240 445Fax: +385 (0)1 235 4155Email: [email protected]

mba in human resource management curriculum

Ivija Bernatović, MBAAcademic SecretaryTel: +385 (0)1 235 4067Mobile: +385 (0)99 312 6601Fax.: +385 (0)1 235 4155Email: [email protected]

30

MBA in Quantitative Finance

ZSEM’s MBA in Quantitative Finance includes courses which are also taught at the majority of the graduate pro-grams in Europe and the United States related to the field of Statistics and Finance. This program is adjusted to the specific needs of the Croatian market, while also taking into consideration suggestions, experience, interests, and needs of students, as well as the needs of employers in the Croatian business community.

This program has recently been included in Eduniversal’s list of the top 100 programs in the world in the area of Financial Markets. This is the second consecutive year in which our MBA in Quantitative Finance has been included in this list, and is placed ahead of similar programs in the United States, Germany, the United Kingdom, Australia, and France.

This two semester program begins with courses in Fi-nancial Management and Financial Statement Analysis, along with Selected Chapters of Financial Mathematics that covers zero-coupon bonds, yield curves and hedging, yield measurement and other topics. The second semester includes courses such as Financial Derivatives, in which students will analyze forwards, futures, and swaps; Quan-titative Methods for Managers; and Applied Economet-rics, through which students will receive an overview of important statistical tests. However, these are just some of the courses offered in this very advanced program.

Every lecture covers a specific practical problem from the world of finance, which can be solved in Eviews or with the advanced usage of Microsoft Excel, whose simplicity and effectiveness makes it popular in problem-solving. Students will also receive detailed instructions on how to use these useful software packages, and will use real economic and financial data in their analysis. Besides ana-lyzing empirical data, students will use numerical simula-tions to generate data with properties that can be found in empirical data.

Lecturers are both from Croatia and abroad, academic environment and business practice, including top experts from renowned financial institutions such as the Croatian National Bank and from some of Croatia’s largest com-mercial banks.

31


1st Semester

Selected chapters of Financial Mathematics 3 Igor Jemrić, MSc

Stochastic Processes in Financial Markets 3 Hrvoje Štefančić, PhD


Financial Management 9Andrej Grubišić, DBADario Silić, PhDJohn A. Helmuth, PhD

2nd Semester




Applied Econometrics 3 Petra Posedel, PhD

Risk Management 1 3 Mladen Latković, MSc


Portfolio Management and Investments 9 Denis Alajbeg, PhD

Graduate Thesis 8

For more information on the MBA in Quantitative Finance program, please contact:

Petra Posedel, PhDProgram Director, MBA in Quantitative FinanceTel.: +385 (0)1 235 4022Mobile: +385 (0)99 807 0952Email: [email protected]

mba in quantitative finance curriculum

32

MBA in Management of Information Systems

You’ve probably heard the phrase that says information is power. The development of information technology and systems has become one of the hallmarks of the modern global economy. While in the past natural and basic re-sources represented the greatest source of competitive advantage, today those that manage information are usu-ally the ones that prosper in the competitive global mar-ketplace. Many organizations have recognized the need for efficient information management, and are investing considerable resources in their information systems to stay successful.

Our MBA Program in Management of Information Sys-tems offers exactly what today’s IT managers need. This program will cover the question of how technology, social structure and organizations together create the dynamics of information exchange and development of learning at different levels. Due to the international dimension of the modern business environment, this program contains a combination of lectures by Croatian and foreign experts. The MBA MIS at the Zagreb School of Economics and Management was recently included in Eduniversal’s list of the top ten Information System Management MBA programs in Eastern Europe!

Of the courses offered as part of this program, Informa-tion Security will cover topics such as information theft, computer crime, internal or external fraud, and others. Electronic Business Management will focus on e-business technologies and e-business theories that are applicable in today’s business environment, while Business Intelligence Applications will cover technologies, applications, and practices for the collection, integration, analysis, and pres-entation of business information. Students will also take courses in System Analysis and Design, Project Manage-ment, SAP and Microsoft Dynamics NAV, Maximization and Measurement of Company Value, as well as a Market-ing Simulation course which will put the skills they learn in MIS in an organizational context. A Business Ethics and CSR course is also offered, and the program culminates with the creation of a Graduate Thesis.

Professors that lecture as part of this program include Ivica Crnković (Mälardalen University, Sweden), Igor Gvozdanović (Platinum Invest), Siniša Krajnović (Erics-son - Nikola Tesla), Goran Radonić (T-Systems Interna-tional GmbH, Germany) along with other experts such as Karmela Aleksić - Maslać, Hrvoje Jerković, and others.

The MBA MIS at the Zagreb School of Economics and Management was recently included in Eduniversal’s list of the top ten Information System Management MBA programs in Eastern Europe!

For more information on the MBA in Management of Information Systems, please contact:

Ivica Crnković, PhDJoint Program Director, MBA in Management of Information SystemsMälardalen University, SwedenEmail: [email protected]

Karmela Aleksić-Maslać, MScJoint Program Director, MBA in Management of Information SystemsTel.: +385 (0)1 235 4148Mobile: +385 (0)98 274 911Email: [email protected]


1st Semester

Information Security 5Karmela Aleksić-Maslać, MScSuzana Stojaković-Čelustka, PhD


Business Intelligence Applications 5 Goran Radonić, MSc

SAP/MS Dynamics NAV 6 Karmela Aleksić-Maslać, MSc


2nd Semester



System Analysis and Design 5 Ivica Crnković, PhD

EC Management 5 Hrvoje Jerković, PhD

Marketing Simulation 5Maja Martinović, PhDMira Marušić, PhD

Managerial Techniques 3Andreja Brajša Žganec, PhDJagoda Poropat Darrer, MA

Graduate Thesis 8

mba in management of information systems curriculum

Philip Vranešić, BAAcademic SecretaryTel.: +385 (0)1 235 4148Fax: +385 (0)1 235 4155Email: [email protected]

34

MBA in Finance and Accounting

ZSEM’s MBA in Finance and Accounting is intended for everyone that wishes to start a career in the private sector in the area of corporate finance. The curriculum of this program offers a broad and interdisciplinary education, but also centers on specific and special knowledge in the area of business administration, with a focus on quantita-tive courses in economics. This program is also well suited for financial analysts, accounting experts, a well as manag-ers that wish to expand their skills to include knowledge in the areas of finance and accounting.

This program contains an optimal combination of courses in both finance and accounting. In the financial courses, students will learn about the financial management of organizations, financial institutions and markets, financial derivatives, and how to analyze financial reports. At the conclusion of the financial part of the program, students will have an opportunity to manage investments in a prac-tical example.

The accounting part of this program will cover analysis of international and Croatian standards of financial report-ing, financial accounting instruments, the application of accounting information systems, auditing of financial re-ports, and techniques of accounting management that are used internally by company management. Besides courses that fall into the categories of finance and accounting, stu-dents will also take a course in Business Ethics and CSR, which is increasingly relevant for those that wish to oc-cupy senior positions within modern organizations. Many courses take place in one of ZSEM’s computer labs, and will introduce students to software for creating and ana-lyzing databases in the areas of finance and accounting.

The professors in this program include seasoned profes-sionals and prolific researchers in the area of finance and accounting. This program lasts for two semesters and culminates with the creation of a Graduate Thesis.

35

For more information on the MBA in Finance and Accounting program, please contact:

Hrvoje Volarević, PhDProgram Director, MBA in Finance and AccountingTel.: +385 (0)1 235 4151Fax: +385 (0)1 235 4155Email: [email protected]

Ivana Beštak, BAAcademic SecretaryTel.: +385 (0)1 235 4151Mobile: +385 (0)99 807 1125Fax: +385 (0)1 235 4155Email: [email protected]


1st Semester


Financial Reporting 6Paško Anić-Antić, PhDIvan Čevizović, PhD

Financial Statement Audit 6 Ana Šafran, PhD

Financial Institutions and Markets 5Jurica Vukas, PhD Denis Alajbeg, PhD

2nd Semester

Corporate Finance Management 5Dario Silić, PhD, Andrej Grubišić, DBA

Managerial Accounting Techniques 4Hrvoje Volarević, PhDMario Varović, MSc


Investment 6 Denis Alajbeg, PhD


Accounting Information Systems 3 Branka Remenarić, PhD

Financial Instruments Accounting 4 Ivan Čevizović, PhD

Graduate Thesis 8

mba in finance and accounting curriculum

36

MBA in Supply Chain Management

Supply chain management is the management of busi-ness activities starting from product or service design, production, warehousing, distribution and logistics. At the same time, planning and management integrate sup-ply and demand, but also communication, facility location and information exchange. All these activities have been performed since the beginning of commercial activities, but only in recent years have they been integrated and considered as the opportunity to develop competitiveness of the firm. Accordingly, a supply chain usually includes suppliers, production, warehouses, distribution centers, transportation system and customers. The success of a supply chain depends on a good coordination of all this elements. This is even more important taking into the consideration the globalization and intense competition.

In these circumstances, the optimization of supply chain processes is very complex. Adding to this the uncertainty of demand, dynamic environment, investments in product and process innovations, the supply chain story becomes a great challenge and a good opportunity for experts in-terested in solving this kind of business problems.

MBA in Supply Chain Management covers both quanti-tative and qualitative issues needed to understand and coordinate the whole supply chain system. The students learn how to solve problems they can face such as the tradeoff in making supply chain decisions, efficient supply chain management, inventory control, demand forecast-ing and project management while combining the insights and practical knowledge from management, managerial accounting, financial management, logistics, software so-lution courses and quantitative and analytical methods for solving the supply chain optimization problems. The program was created by taking into account the most recent global trends from the above-mentioned fields and it also integrates the Croatian case studies.

MBA in Supply Chain Management lasts two semesters and is completed with the defense of Graduation The-sis totaling in 60 ECTS. Lecturers are both from Croatia and from abroad, academic environment and business practice.

37

For more information about MBA in Supply Chain Management, please contact:

Kristina Šorić, PhDProgram Director, MBA in Supply Chain ManagementTel.: +385 (0)1 235 4069Mobile: +385 (0)99 264 1145Fax: +385 (0)1 235 4155Email: [email protected]


1st Semester

Operations Management 6Kristina Šorić, PhDMilenka Plavec, PhD

Strategy 5Prashant Kale, PhDZlatko Mateša, PhDMato Njavro, PhD


Distribution and Logistics Management 5 Paul Murphy, PhDGordi Sušić, MSc

Corporate Finance Management 5Dario Silić, PhDAndrej Grubišić, DBA

2nd Semester


Managerial Accounting 3 Hrvoje Volarević, PhD


SAP/MS Dynamics NAV 6 Karmela Aleksić Maslać, MSc

Supply Chain Management 6 Kristina Šorić, PhD

Elective course 4

Graduate Thesis 8

mba in supply chain management curriculum

38

lecturers

39

Denis Alajbeg, PhDDr. Alajbeg earned his PhD at the Economic University of Vienna at the Department of Financing and Financial Markets in 1999. From 2007 he has been a professor at the Zagreb School of Economics and Management, where he teaches courses related to financial institutions and markets, as well as portfolio management. He was also an advisor to the Croatian Prime Minister from 2002 to 2004.

Karmela Aleksić-Maslać, MScProfessor Aleksić-Maslać is currently the head of ZSEM’s ICT Department, and has published more than 50 articles and works at international conferences and in journals. Played an important role in introducing e-learning systems at ZSEM, and founded ZSEM’s annual Management of Information Systems Student Conference.

Paško Anić-Antić, PhDEarned his PhD at the Economic Faculty of the University of Split in the field of Accounting, and currently heads the Accounting Department at the Zagreb School of Economics and Management. In 2012, Dr. Anić-Antić started the first Croatian electronic magazine dedicated to accounting, taxes, and finance entitled Računovodstvo danas, where he is also the Editor-in-Chief.

Thomas Baker, PhDObtained a doctoral degree in 1990 from Florida State University, and is currently a marketing professor at the University of Alabama in the United States. He has published articles in the following journals: Journal of Marketing, Journal of Retailing, Journal of Business Research, and more. From 2007 to 2008, he served as the President of the Society for Marketing Advances.

Andreja Brajša Žganec, PhDEarned her PhD at the Faculty of Humanities and Social Sciences of the University of Zagreb in 2002. She is currently a member of the Ivo Pilar Institute of Social Sciences, where she has worked since 1992, and currently teaches at the Center of Croatian Studies and at the Faculty of Teacher Education of the University of Zagreb. She has been teaching at the Zagreb School of Economics and Manage-ment since 2008.

John Branch, PhDDr. Branch earned his PhD at the University of Cambridge in the United Kingdom. He teaches Marketing Strategy at the undergraduate, MBA, and Executive Education programs of the Ross School of Busi-ness at the University of Michigan. Has taught in Executive Education programs for Coca Cola, British American Tobacco, Nestle, and more.

Daniel Butler, PhDDr. Butler holds a doctoral degree in Marketing and International Business from the University of South Carolina. During his 20-year teaching career, he has received more than 20 awards for teaching excel-lence, including from his current university, Auburn. Dr. Butler has worked as a consultant for Sony, Westinghouse, Bayer, Nanotek, Sprint, and other multinational corporations.

Li Choy Chong, PhDAfter earning his Master’s degree at the University of Singapore, Dr. Chong completed his doctoral stud-ies at the University of Bielefeld in Germany. His area of interest is international management with a focus on Asia, and he currently teaches at St. Gallen University, where he also heads the Asia Research Center.

Ivica Crnković, PhDProfessor Crnković obtained his PhD in computer science at the University of Zagreb in 1991. He is currently the Leader of the Industrial Software Engineering Research Group at Mälardalen University, Sweden. He has published more than 100 articles and works on computer program engineering.

lecturers

40

Vera Čubranić, MScProfessor Čubranić is currently Director of Human Resources for SBU Tobacco at TDR Ltd, part of Adris Group, the largest regional producer of tobacco products. Prior to joining TDR, she was HR director at Nova TV and Executive Director at Selectio, a human resource management company. She is a certified MBTI trainer and an accredited Belbin consultant.Professor Čubranić earned her Master’s degree at the University of Padua, Italy.

Dino Dogan, PhDDr. Dogan has been a lecturer at the Zagreb School of Economics and Management for a number of years, and is currently the Head of ZSEM’s Management Department. He earned his PhD from the University of Stuttgart, and has worked throughout his career for Alcatel and Vipnet, one of Croatia’s largest mobile telecommunications providers. He is currently the CFO for Croatian Telecom, Croatia’s largest telecommunications company.

Dan Ebener, PhDProfessor Ebener has been teaching for over 20 years in the area of management and leadership,and currently teaches at St. Ambrose University in the United States, where he also earned hisPhD. He teaches courses related to organizational leadership, strategic planning, team-building and leadership skills.

Julie Felker, PhDProfessor Felker is a faculty affiliate and senior organizational development consultant at the William Davidson Institute , University of Michigan. In this role, she develops and delivers management edu-cation programs and provides technical assistance in developing countries, most recently in Algeria, Bahrain, Rwanda, and the former Soviet Republics of Uzbekistan and Kazakhstan. Her research interests include global mobility of early careerbprofessionals and international staffing,with special emphasis on Central and Eastern Europe.

Andrej Grubišić, DBAProfessor Grubišić earned his Master’s degree in 2003 at Webster University in the United States, and in 2007 earned his DBA at Business School Lausanne in Switzerland. He began his career in 2002 as a financial analyst for Sodexho Inc. in the United States. After a successful career path which included prestigious posts in Croatian Telecom, Platinum Invest, and the Erste Group, he founded Grubišić & Partners in 2010.

Dejan Gostimir, MScHis professional career includes experience as: CFO in several Pharmaceutical companies, consultant for accounting, forensic accounting, finances, tax and XBRL, owner/co-founder of companies for ac-counting/internal auditing and organic cosmetic distribution. From 2008., he is working as an outside associate and lecturer at ZSEM in several Accounting and Auditing courses. He is an author of numerous articles from accounting, management, IT and XBRL field and a speaker at several domestic and foreign conferences. He is a PhD candidate at the University of Rijeka, Faculty of Economics.

Igor Gvozdanović, DBAAfter completing an MBA program at the International University in Germany, Professor Gvozdanović earned his DBA at the Swiss Management Center, and teaches the Maximization and Measurement of Company Value course at ZSEM’s Graduate MBA Program. He is currently the Chairman of Platinum Invest.

uvodne riječi lecturers

41

Predrag Haramija, PhDDr. Haramija holds a PhD in Philosophy from The Faculty of Philosophy of the Society of Jesus in Zagreb. He is a Deputy Director for the Graduate MBA program in Marketing and professor at undergraduate and graduate level at ZSEM. He wrote several books about posters in Croatia and is author of many scien-tific articles. He has various research interests that cut across many different fields such as philosophy, graphic and product design, environmental protection, anthropology, marketing communication, and other selected areas in marketing.

John A. Helmuth, PhD Dr. John A. Helmuth is the former Dean of the School of Management at the University of Michigan-Flint and a Professor of Finance. Professor Helmuth received his PhD in Economics from the University of South Carolina. He did his post-doctoral work in Finance at the University of Rochester. His academic administrative accomplishments are numerous, with innovative curriculum programs, international initiatives, and building relationships with the business community as hallmarks of his work.

Borna Jalšenjak, PhDEarned his PhD at the University of Zagreb with the specialization in management and philosophy. At Zagreb School of Economics and Management teaches Introduction to Philosophy, Business Ethics & CSR and Leadership. He publishes in mentioned fields and he co-authored a textbook on CSR.

Hrvoje Jerković, PhDDr. Jerković has been a member of the Zagreb School of Economics and Management since 2002, first as a department assistant, and then as a lecturer. He earned his PhD from the Faculty of Electrical Engi-neering and Computing of the University of Zagreb in 2012. He also holds a diploma from the Croatian Academic Research Network where he was a mentor for many electronic learning courses.

Igor Jemrić, MScAs well as being the Director of the Statistics Department of the Croatian National Bank, Professor Jemrić is a long-time lecturer at the Zagreb School of Economics and Management. He is a visiting scholar at McGill University in Montreal, and his areas of interest include central banking, macroeconomic statistics, financial mathematics, and operational research.

Olivera Jurković-Majić, PhDProfessor Jurković-Majić earned her PhD at the University of Zagreb in 2010. She has been a lecturerat the Zagreb School of Economics and Management since its founding. She is author of numerous books and articles from the field of business communications and marketing. In 1995, she published abook entitled Poslovne komunikacije (Business Communications), and in 2004, her book saw itssecond edition.

Prashant Kale, PhDDr. Kale received his PhD in 1999 in the area of management at the Wharton School of Business. He currently teaches at the University of Michigan and Rice University, where he holds courses in Strategy and International Business. In 2011, Prashant Kale was included in Bloomberg Businessweek’s list of the top ten management professors in the world.

Iskra Kalođera Schmiedecke, PhDFrom 2004, Dr. Kalođera Schmiedecke has been a Project Manager for Equity Derivatives for Com-merzbank in Frankfurt, where she is responsible for the creation of new financial products and their successful introduction into the capital market. She also holds educational seminars for private clients for Commerzbank. She earned her PhD from Goethe University in Frankfurt.

lecturers

42

Mirna Koričan Lajtman, MBA, MAAfter earning her Master’s degree in psychology from the Center of Croatian Studies at the University of Zagreb, she completed her MBA in 2009 at the Zagreb School of Economics and Management. She is currently a doctoral candidate at St. Gallen University in Switzerland, and completed the International Faculty Development Program at IESE Business School in 2009.

Siniša Krajnović, PhDCurrently a Vice-President for Ericsson, Professor Krajnović earned his PhD at the Faculty of Electrical Engineering in Zagreb, and completed his business administration education at the University of Za-greb and the University of Cranfield in the United Kingdom. He teaches Project Managements as part of ZSEM’s MBA program.

Kristijan Krkač, PhDDr. Krkač earned his PhD at the Philosophical Faculty of the Society of Jesus. At the Zagreb School of Economics and Management, he teaches Introduction to Philosophy, and Business Ethics and Corporate Social Responsibility. He has authored numerous books as well as articles in the field of philosophy and business ethics.

Hermann Lassleben, PhDProfessor Lassleben earned his PhD at the University of Konstanz on the theme of learning organiza-tions. He has extensive private sector experience which he accumulated working for large multinational corporations such as Intel. He currently teaches at Reutlingen University.

Mladen Latković, MScCurrently the Director of Raiffeisen Bank’s Directorate for Investment Supervision, Professor Latković is a theoretical physicist who earned his Master’s degree from the Theoretical Physics Department of the Faculty of Science in Zagreb. He also serves as an Assistant Director for Hagena (Croatia’s agency for monitoring pension funds), and he worked on the pension reform.

Patricia Loubeau, PhDEarned her PhD at Columbia University in New York, and currently teaches courses at the graduate level related to management and marketing at Iona College, Her areas of interest includes strategic plan-ning, marketing of healthcare services, and market research. She has authored numerous articles, book chapters and books on marketing and management issues. In 2014, Dr Loubeau served as a Fulbright Scholar at the University of Maastricht.

Jelena Madir, JDDr. Madir graduated magna cum laude from Dartmouth College in New Hampshire, and earned her JD from Columbia University in New York. She is currently employed at the European Bank for Recon-struction and Development, where she covers the legal aspects of financial transactions in countries in Central and Eastern Europe, the former Soviet Union, and Turkey.

Dominik Mahr, PhDDr. Dominik Mahr is an Assistant Professor (tenured) at the Marketing & SCM department of Maastricht University, the Netherlands. He obtained his PhD in 2010 at the University of Antwerp, Belgium and has been a visiting scholar at the University of Wisconsin-Madison, U.S. His scientific interest centers on customer co-creation, technology adoption, marketing communication, digital media, and open innovation. Prior to academia he has worked as a consultant for clients in the automotive, high-tech and financial services industry.


43

Hrvoje Maljak, PhDCurrently the Head of the Advertising Sales Department of Croatian Radio-television, Professor Maljak has considerable private sector experience which he accumulated working for the marketing depart-ments of companies such as the Panonian Brewery (today Carlsberg Croatia), Podravka, PIK Vrbovec, and Agrokor. He earned his PhD at Leeds Metropolitan University in the United Kingdom.

Mirna Marović, MBAProfessor Marović was educated at the London School of Economics and London Business School, and earned her MBA at INSEAD in France. She is the President and one of the founders of the Croatian Private Equity and Venture Capital Association. She has considerable experience working for investment banks such as Merrill Lynch and BNP Paribas.

Maja Martinović, PhDThe current Head of ZSEM’s Marketing and Communication Department and the Associate Dean of ZSEM’s Graduate MBA Program, Professor Martinović earned her PhD from the Economic Faculty of the University of Zagreb. She has published more than 30 research and professional articles in the area of marketing, and has edited several marketing textbooks.

Mira Marušić, PhDProfessor Marušić completed her graduate studies at the University of Rhode Island (United States), and earned her PhD at the University of Zagreb. A longtime professor with research interests that include market research and marketing strategy, Dr. Marušić was one of the founders of the MBA program of the Economic Faculty of the University of Zagreb.

Zlatko Mateša, PhDA former Croatian Prime Minister and the current President of the Croatian Olympic Committee, Dr. Mateša teaches Strategic Management at ZSEM’s undergraduate level. He earned his PhD at Beijing Sport University, and completed the Executive Education for Leaders in Development at the John F. Kennedy School of Government at Harvard University.

Markus Menz, PhDDr. Menz is an Assistant Professor at the Institute of Management of St. Gallen University, where he teaches Strategic Management. He spent a year as a visiting associate at Harvard University. He has received numerous awards for his research, including an award from the EFMD for the best doctoral research project.

Andrijana Mušura, PhDObtained a M.S. in Psychology from the Croatian Studies, University of Zagreb, and has enrolled post-graduate doctoral studies at the Faculty of Psychology, University of Zagreb. She is the author of many papers and sub-editor of books on business economics. She teaches Social Psychology, Consumer Behavior and Organizational Behavior at the ZSEM Graduate Program. In 2013 she earned her PhD from the Philosophical Faculty of the University of Zagreb.

Paul Murphy, PhDProfessor Murphy earned his PhD in the area of business administration at the University of Maryland, and teaches at John Carroll University (United States). He has worked as a consultant for many gov-ernment agencies, companies, and non-profit organizations. A prolific author and researcher, his book entitled Contemporary Logistics is currently in its 10th edition.

lecturers

44

Đuro Njavro, PhDA former advisor on economic policy to the President of Croatia, Dr. Đuro Njavro is the current Dean of the Zagreb School of Economics and Management, Croatia’s leading business school, of which he is also a cofounder. He earned his PhD at the Economic Faculty of the University of Zagreb. He was also a Member of Croatia’s Parliament, and introduced bills which facilitated the introduction of building societies in Croatia.

Mato Njavro, PhDDr. Mato Njavro is an Assistant Professor of Finance at the Zagreb School of Economics and Management. He is also a research associate and visiting lecturer at the University of St. Gallen, in Swit-zerland. Prior to obtaining his PhD in economics and finance at the University of St. Gallen in 2012, Mato worked for Lehman Brothers and Nomura investment banking divisions in London. Mato completed his bachelor’s degree in international economics and management at the University Bocconi in Milan, Italy. He received his masters degree in corporate finance from the SDA Bocconi.

Andrea Pavlović, PhDCurrently the Director of the Sector for Risk Management for Privredna banka, one of Croatia’s largest commercial banks, Andrea Pavlović teaches Risk Management of Financial Institutions at ZSEM’s Gradu-ate MBA Program. She earned her PhD from the Economic Faculty of the University of Zagreb in 2004.

Valentina Pirić, PhDDr. Pirić earned her PhD at the Economic Faculty of the University of Zagreb. From 1999 to 2013, she has been a marketing and PR manager for Tomić&Co, the licensed importer of BMW and MINI automobiles for Croatia, where she was also a Board Member for Sales and Marketing. In 2013 she started working at the Sberbank d.d. as a personal assistant to the President of the Board.

Milenka Plavec, PhD She earned her PhD degree at the Faculty of Economics Zagreb where she had the position at the Depart-ment of Organization and Management. After moving to Germany she got the position at ESB Business School, Hochschule Reutlingen. She is also the external lecturer at Zagreb School of Economics. Her scientific interest is in the field of strategy and operations and lean management.

Jagoda Poropat Darrer, MAJagoda Poropat Darrer graduated in Phonetics and Italian Language and Literature at the Faculty of Humanities and Social Sciences of the University of Zagreb, and is currently attending Ph.D. program at the same University.For the past few years has been holding several undergraduate as well as graduate courses at ZSEM such as Business Communication, Rhetoric, Communicating in the global workplace environment and Managerial Techniques. She is the author or coauthor of many scientific papers as well as translator of many books in the area of marketing (including books by Philip Kotler), and com-munication. She is a member of the Croatian Philological Society.

Petra Posedel, PhDDr. Posedel is the program director of ZSEM’s Quantitative Finance MBA, which has been included in Eduniversal’s top 100 for the past two years in the category of Financial Institution MBAs. She com-pleted her PhD in Statistics at Luigi Bocconi University in Milan, and won the Mijo Mirković Award for her scientific contributions in 2006.

Goran Radonić, MScEarned his Master’s degree in computer science at the University of Houston in 1992, and is currently the Coordinator for Business Intelligence at the Croatian Institute of Technology. He has extensive experi-ence in introducing ERP systems and BI portals for a variety of clients. He is also currently a doctoral student at the Faculty of Organization and Informatics of the University of Zagreb.


45

Branka Remenarić, PhDBranka Remenarić earned her PhD at the Economics Faculty of the University of Osijek, on the subject: “Interdependence of pension plans and financial stability of business entities in Croatia”. She graduated and earned her Master of Science at the Faculty of Economics of the University of Zagreb (postgraduate study in accounting, auditing and finance). She currently teaches courses related to accounting and taxes at the Zagreb School of Economics and Management.

Randy Richards, PhDCurrently a lecturer at St. Ambrose University, where he participates in the Human Resource Manage-ment, Organizational Theory, Leadership through People Skills, and Business Ethics courses, Professor Richards earned his PhD at the University of Iowa. He has extensive international teaching experience.

Carlos M. Rodriguez, PhDProfessor Rodriguez earned his PhD in Marketing and MSc.in Marketing and Quantitative Methods at the Pennsylvania State University, and currently teaches Product Design, Marketing Research and Marketing Strategy in the College of Business at Delaware State University (United States). His research areas are relationship marketing, product design, product innovation and development, and international marketing.

Dario Silić, PhDDr. Silić is currently the General manager of Bina Istra, and he teaches Business Finance as part of ZSEM’s undergraduate and graduate programs. He earned his PhD at Lumiere University Lyon 2 in France. His research interests include corporate finance, financial engineering, management, and the European Union.

Suzana Stojaković-Čelustka, PhDProfessor Stojaković-Čelustka earned her doctorate in the field of information security at the Depart-ment of Computer Science and Electrical Engineering of Czech Technical University in Prague. She is an expert on issues of information security and a business consultant for this specific area.

Gordi Sušić, MScCurrently the Director of the Research Department of the Croatian National Bank, Professor Sušić teaches at the undergraduate and graduate levels at ZSEM. He earned his Master’s degree at the London School of Economics, and also completed a two-year graduate program at Central European University.

Ana Šafran, PhDProfessor Šafran currently teaches courses related to accounting and auditing at ZSEM. She earned her PhD at the University of Zagreb in 2011, and won an award for her thesis from the Croatian Society of Accountants and Financial Professionals. In 2007, she completed the International Faculty Development Program at IESE Business School in Barcelona.

Ivona Škreblin Kirbiš, PhDDr. Škreblin Kirbiš is an alumna of the University of Trieste in Italy, where she earned her PhD in social psychology, as well as of the IESE Business School in Barcelona, where she completed the International Faculty Development Program. Her research has been presented at conferences in Slovenia, Italy, Norway, and the U.S.

lecturers

46

Kristina Šorić, PhDCurrently the Head of ZSEM’s Management Department, she earned her PhD at the Department of Pure and Applied Mathematics, University of Padua, Italy. Her research interests are in the field of operations research, decision making, optimization and supply chain management. She published many scientific papers in journals cited in the relevant basis, developed many innovative curriculum programs, was the scientific leader of two scientific projects financed by Croatian Ministry of Science, Education and Sport, was the president of Croatian Operational Research Society (2000 – 2004) and is in charge of leading Engineering Section of Croatian Mathematical Society.

Hrvoje Štefančić, PhDA member of the Ruđer Bošković Institute since 1997, Professor Štefančić earned his PhD in theoretical physics from the Faculty of Science of the University of Zagreb in 2002. His research interests include econometrics, econophysics, theoretical physics of elementary particles, and others.

Ivan Šverko, PhDDr. Šverko completed his PhD at the University of Zagreb in 2006, and completed his graduate studies at the University of Kentucky in Lexington. He is the Director of the Department of Risk Management at Hypo Alpe-Adria Bank. He has been a lecturer at the Zagreb School of Economics and Management since 2005.

Marjeta Tomulić Vehovec, PhDMarjeta is currently a director of the Founder Institute chapter in Rijeka and Zagreb, the largest global startup accelerator. She is also the Head of the Legal Department in a startup company, kompare.hr, and a lecturer at ZSEM in International and EU tax law. After practicing law for a few years and passing the bar exam, she went into academia. She holds a bachelors degree in Law, a Master’s degree in Euro-pean and International Economics Law, and a PhD in EU law. She also speaks several foreign languages.

Tracy Tuten, PhDCurrently a professor at East Carolina University, Professor Tuten’s research interests include social media marketing, online surveying, and branding. She has published articles in many prestigious journals such as the Journal of Marketing Communications, Journal of Business Research, Psychology & Marketing, and others. She has also worked as a consultant and a professor in Korea, Germany, Argentina, and France.

Mario Varović, MScA member of the Accounting Department of the Croatian National bank since 1997, where he is the Head of the Central Accounting Division, Professor Varović has been an associate of the Zagreb School of Economics and Management for the past seven years. He earned his Master’s degree at the Economic Faculty of the University of Zagreb.

Hrvoje Volarević, PhDDr. Volarević is currently the deputy head of the Mathematics and Statistics Department and Accounting department of the Zagreb School of Economics and Management. He earned his PhD from the Economic Faculty of the University of Split. He has been employed at the Croatian National Bank since 1997, and has participated in many domestic and international conferences. He has also published numerous professional and scientific articles.

Jurica Vukas, PhDCurrently a member of the Monetary and Foreign Exchange Policy Measures Implementation Supervi-sion Division of the Croatian National Bank, Dr. Vukas earned his PhD at the Economic Faculty of the University of Split. He earned his Master’s degree at Cass Business School in London. He has been a lecturer at the Zagreb School of Economics and Management since 2005.


Impressum:

Publisher: Zagreb School of Economics and ManagementFor the publisher: Đuro Njavro, PhDAuthor: Zagreb School of Economics and ManagementZagreb, October 2014

47

Our students always work in small study groups, where they can com-municate directly with their professors and col-leagues, and where lec-tures can be highly inter-active and dynamic.

48

www.zsem.hr | mba.zsem.hr

Zagreb School of Economics and ManagementJordanovac 110, 10000 Zagreb, CroatiaTel.: +385 (0)1 235 4266Fax: +385 (0)1 235 4269Email: [email protected]