Hayek Global MBA
Online Master of Business Administration
Apply by: October 10, 2021 | Classes begin: November 13, 2021
Delivery Method – 100% online, with weekly live sessions and plenty of asynchronous materials. Students are required to attend live sessions on Saturdays.
Live sessions – Live classes run from 9:00AM - 11:30AM, 1:00PM – 3:30 PM Brasilia Time (GMT-3).
Duration – This accelerated program lasts for 12 months and consists of 14 intense courses which run over 8 weeks each, for a total of 360 hours of live instruction.
Official degree – Master of Business Administration (MBA), with a lato sensu diploma expedited by Uniceplac, accredited by the Ministry of Education in Brazil.
Individual certifications – Each class is designed to address specific business-related competencies and will earn you an individual certification.
At Hayek, we have streamlined the admissions process to make it quick and easy for you to join us. You will need to:
- Have a Bachelor's degree from an accredited institution in your country.
- Write articulate and complete essays in the admissions form.
- Pass an interview administered by one of our professors.
Do you have what it takes?
If you like being in your comfort zone and are intimidated by hard work and challenge, Hayek Global MBA probably isn't for you.
But if look forward to being trained in an intense and meaningful MBA at the skills competencies that employers and entrepreneurs need worldwide…
…if you seek education that gets you to open your mind, roll up your sleeves and produce state of the art business projects with peers from diverse backgrounds residing in different countries – then you found your program!
Global and Diverse Community
Our current group of students and professors come from 10 different countries on 4 continents and expanding. Their professional backgrounds are quite diverse, ranging from law practice, health, consultancies, entrepreneurs, non-profits, and other industries.
English is the natural tool of communication even though it is a non-native language for most of us.
Discover your purpose
Entrepreneurship and innovation have allowed humanity to enjoy prosperity and rapidly rising living standards everywhere societies are free to exchange. Thus, the world is evermore connected, globalized, and constantly changing.
Business leaders today must see this as an opportunity to bridge the gap between people from different cultures, connect businesses internationally, and build world class teams. Our Global MBA will provide the tools and skills to unleash your full potential so that you can help push the human race forward.
A Competency-Based Curriculum
Mere memorization of concepts and theories have no place in this program. We believe in active learning, and learning by doing – all while being guided and trained by qualified professors.
For this reason, we designed a competency-based curriculum based on research with world class business leaders and entrepreneurs. The most common feedback we heard is that teachings in traditional business schools were way too theoretical and conceptual, and much of it is not appliable to day-to-day business.
Thus, we came back to the drawing board and designed an accelerated, 12-month long curriculum focused on the skills that will most closely match what aspiring leaders need in order to triumph in real-world business.
All classes last for eight weeks and you will take three classes at a time. The final classes consist of a leadership activity combined with a Capstone project in which students will provide consultancies to real companies.
2021 Timeline of Offerings
November 13 – January 22
Marketing and Sales
Data Driven Analysis
Business Street Smarts
Standard tuition per student*
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Values may be paid in up 12 monthly installments
Values may be paid in up 3 monthly installments
*Inauguration discounts apply – for limited time offer
Courses and descriptions
This is the introductory course of the Hayek Global MBA program.
The success of a business is greatly affected by the quality of its management. There is such thing as good vs bad management, and it matters a lot! Further, the quality of management varies greatly among businesses and countries, as is shown in various literature. Believe it or not, few companies practice good management.
But what are in fact the best practices of good management?
We will explore that and put you in charge of building a business plan from scratch to design incentive schemes, create performance indicators, create control processes to mitigate fraud risks, among others.
To maximize profits you need to create value by using the best resources available to you. The most critical and important of these is the people.
Happy, fulfilled people tend to produce more. How can the company establish training and career development opportunities? How do you deal with high turnover rates? Retain great talents?
Would you be able to create projects to implement these best practices of people management, in a real work setting?
This course will teach you how to do it yourself!
Marketing and Sales
You may have the best product in the world, but it is useless if you cannot sell it. Sales techniques and good marketing strategies make a huge difference. Technology also plays a crucial role in this realm nowadays, with digital marketing, social networks, marketing automation systems, and CRMs greatly facilitating efficient communication with potential customers.
In this course, you'll learn how to have a commercial focus in your business, position it with a good marketing strategy, and sell!
In theory, all businesses are at best, an abstract idea providing goods and services in competitive markets. So what happens when theory crashes with the real world? There are many unexpected outcomes; unpleasant, funny, frightful, illegal, and sometimes deadly.
How do you deal with corruption and fraud risks in a company?
But since absolute control is impossible, we have to craft it and manage in an environment with proper incentives aligned with workable checks and balances understanding that all that we do and touch is imperfect.
This course will address how to deal with the most common fraud problems in business, the cost benefits of bureaucracy, and much more!
Operations and Projects
If you want to take your organization to the next level, you need greater productivity and optimization of resources. Because of knowledge and coordination problems, it is a real challenge!
Process management and documentation are very important. The use of technology for automation of processes, allied with several different techniques in quality improvement and project management have been developed over the years to help on these tasks, such as TQM, Six Sigma, 5-S principles, Just-in-time, PMI, Agile, to name a few.
This course will give you the tools to face these challenges and take your organization to the next level.
Always and everywhere, businesses face competition. Thus, executives and managers must have a clear plan for the company, with positioning strategies. How do you identify your competitors, and how can you learn about them? Should you simply outmuscle them, or should you do something different? And once you define a strategy, how do you craft a clear message so that it is communicated and followed effectively throughout the organization?
With distinct positioning, you will need to execute it within your organization. For that, you have to get your teams working in the same direction by communicating priorities and aligning incentives.
This course will challenge you to craft it all yourself.
The economics of business success comes down to creating the most value for the least amount of resources.
How do businesses get the most out of what they do? This problem has been analyzed dating back from Adam Smith, Alfred Marshall, to David Ricardo and Friedrich Hayek, on concepts ranging from gains from specialization, marginal utility, economies of scale, comparative advantages, and virtues of decentralized planning.
Economics gives you powerful tools to understand the world, and this course is about applying economic insights to guide day-to-day business decision making.
Accounting and Control
Running a business without numbers is like piloting an airplane blindfolded with no map or GPS. Running it with the wrong numbers is like piloting the plane with the wrong map, or a glitched GPS! You think you know what is happening but you only see mirages and illusions. Producing and recording numbers correctly is essential.
The bigger the business, the more complex the problem becomes. There are many different moving parts in a company, and the problem of recording and categorizing these numbers can become very overwhelming. Fortunately “bookkeeping,“ has evolved over time into a science, namely accounting.
What's a balance sheet for? How do you put together a profit and loss (P&L) report?
This course will cover the role and big picture of accounting, based on international standards.
Financial Planning and Budgeting
Have you ever heard the expression "cash is king?" Well, indeed it is! And just like in a chess game, no matter how big your advantage is or how many strong pieces you have, if your king is checkmated, it's game over.
This is probably the most crucial aspect of your business, the backbone of your organization, what holds it all together.
Financial planning is about planning your cash flow across time, considering return on investment and its opportunity costs. Budgeting is about controlling costs, given the available and expected cash, and thus disciplining the whole organization.
Why use financial indicators such as EBITDA? When is it applicable, and when not? In this course, we will touch on these and other big “whys”, and get you to apply the “hows”.
Data Driven Decision Making
“In God we trust, all others must bring data.” – is a phrase attributed to Edward Deming. Numbers don't lie, and as technologies become more sophisticated, data driven decision making skills become a must in the 21st century.
Numbers aren't always there neatly organized for you to analyze. How do you come about doing the dirty work of transforming messy chunks of numbers into insights you can use for your organization to decide upon?
Also, correlation is not causation. In other words, you have to analyze not only numbers but also are understand if the appropriate variables of the problem at hand are taken into consideration.
This course will train you to use data to guide you in the company's decision-making.
In business practice, you trade and relate with people in the exchange of goods and services, or to work together in teams. At the end of the day, it's an exercise to constantly find a mutual interest.
The ability to negotiate on the terms of these trades and relationships is another crucial aspect of success in business. Good negotiation is a trainable ability and can create a lot of value for the organization of your career.
This course will give you the tools and training you need to become a great negotiator.
We are learning to be more efficient, to sell more, to cut costs, maximize profits, but… why?
Business happens in the context of social interactions, and there are many conflicting views on its morality. It is important to understand under which conditions it makes society better off. We take the stance that ethical business practice, under purposeful, voluntary, and transparent transactions is virtuous.
This course will complement the vocational training of the Global MBA program to spark in you a deeper appreciation for the virtues of business practice.
Capstone + Leadership
At the end of the MBA, students will use what they learned and apply it in practice in an 8-week Capstone Project at a real company.
Students will work in teams, guided by the professor, and in partnership with liaisons at the host company.
In parallel, they will take a leadership course oriented towards developing their ability to working with the team on the capstone project using the tools acquired during the program.