International Programs (2012-2015) RBS Director`s Welcome Welcome to Business School at Riga Technical University!

Being at the cross-roads between East and West, Riga has always been a hub of business activity. For more than two decades Riga Business School (RBS) has provided world class management training to current and future executives. Our strong commitment to high quality, the principles of North American MBA programs and all courses presented in English, makes RBS distinctive.

With being a member of the European Union, management has become more popular and reaches for new horizons. The RBS MBA programs are there to meet the challenge. With the help of RBS strategic partners, University at Buffalo (USA), (), and BI Norwegian Business School (Norway), and integrating the needs of our corporate supporters, the programs are designed to prepare business leaders for the global world of tomorrow. In this racing world successful leadership is a combination of knowledge of contemporary business processes and international experience.

An international faculty and academically strong management programs in the dynamic city of Riga bring you an experience that will prepare you for an impressive management career in the future. I look forward to welcoming you to Riga Business School - where business challenges are solved and inspirations originate.

Sincerely yours,

Jānis Grēviņš, Ph. D RBS Director

2 www.rbs.lv About the Riga Business School 20 years ago Riga Technical University (RTU) in co – operation with the State University of New York at Buffalo (UB) founded Riga Business School (RBS). Today Riga Business School is the number one destination for management education in the Baltic region. RBS mission is to educate managers and build leaders who create sustainable prosperity in the region and all of Europe.

Riga Business School is the first and only school in this part of Europe offering North - American style MBA both in teaching standards and structure. RBS always uses intensive case studies, group work and active classroom involvement. All MBA programs are taught in English, granting its graduates an internationally recognized Masters of Business Administration degree. From 2012, Riga Business School will offer a Bachelor of Management in International Business in collaboration with the BI Norwegian Business School.

Riga Business School has a solid reputation and more than 900 MBA graduates, most of whom occupy leading managerial positions both in Latvia and abroad.

Riga Business School is the first public educational institution in Latvia to have earned the International Quality Assurance (IQA) award by Central and Eastern European Management Development Association (CEEMAN) – the premier management development organization in the region.

Faculty of the Riga Business School Professors at Riga Business School are researchers, consultants, and thought leaders in every aspect of business. They challenge and encourage students with a curriculum that offers knowledge, competence, freedom and passion for learning. Faculty members include international and local academia, and business representatives from USA, Denmark, Norway, Argentina, Canada, who gained their degrees in top - ranked academic institutions like Harvard University, INSEAD Business School, BI Norwegian Business school, IESE Business School, BLED School of Management, Stockholm School of Economics, University at Buffalo, University of Ottawa.

They ask students tough, probing questions, offer alternative points of view, and force students to look more closely at their own assumptions. They always strive to develop better and more innovative ways for students to learn and discover. They always have time for their students – as teachers, advisors and mentors.

www.rbs.lv 3 Bachelor of Management in International Business About Diploma

The Bachelor of Management in International Business at Riga Upon successful program completion, student will be awarded Business School has been developed in collaboration with one of an internationally accredited and solid degree from the Riga the leading business schools in Europe - BI Norwegian Business Business School at Riga Technical University. If students complete School. their third year at BI Norwegian School of Management, they also receive diploma from BI Norwegian Business School. The program is based on economics, marketing and management subject areas and has an international focus. It is a comprehensive Admission criteria three - year full time program taught entirely in English language. 3Secondary school transcript; The program is open both to EU and non EU students and focuses on basic business related topics, such as accountancy, 3English language proficiency (TOEFL RBS institutional code finance, strategy, marketing and intercultural communication. 7227 or IELTS);

During the third year the students will have the choice to 3Quality of writing as demonstrated in your essays, testing and complete their degree in Norway, at BI Norwegian Business School recommendations; or stay in Riga, Latvia. 3Extra – and co – curricular involvements and talents. Duration of the program In reviewing your application, we consider grades, standardized 3 years (full time). test scores, essays, recommendations, independent work, the quality of your secondary school program and your achievements Courses of study outside the classroom. No one aspect will make or break our decision; instead, we look at the sum total of your experiences. Marketing Management, Managerial Accounting, The Firm, Business Culture and Ethical Dilemmas, Organizational Behavior How to Apply and Management, Financial Reporting and Analysis, Mathematics, Statistics, Microeconomics, Basic Financial Management, Business To apply as a first – year student at the Riga Business School, you Research Methods, Macroeconomics, International Commercial must submit application form by sending it to [email protected]. Law, Managerial Accounting and Control, Consumer Behavior, Strategy, Financial Decision Making, International You can apply by mail. Access a printed RBS application form by Marketing, International Economics. downloading and printing PDF’s at www.rbs.lv OR calling the admission office at (+371 67089800). For more information about specific course description go to www.rbs.lv. You can also apply online using the common application form at www.rbs.lv.

Building the platform for the future!

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Professional MBA program About Diploma

The Professional MBA at Riga Business School is the oldest and Upon successful program completion, students are awarded an most prestigious MBA program in Latvia and is designed for internationally accredited Master of Business Administration professionals wanting to refine their skills and move up the from the Riga Business School at Riga Technical University career ladder. and certificate of recognition by University at Buffalo (USA) and University of Ottawa (Canada). The 2 year full time program is taught in English and provides students with a background in all of the functional Admission criteria areas of business and management. Core courses are mandatory for all students, and electives allow students to 3Bachelor level degree transcript; specialize their skills within specific areas of management and to suit their individual interests. 3English language proficiency (TOEFL RBS institutional code 7227 or IELTS as well as GMAT); Students can obtain a General MBA or choose from three specializations - Marketing, Finance or IT. 3Quality of writing as demonstrated in your essays, testing and recommendations; Duration of the program 3Extra – and co – curricular involvements and talents. 2 years (full time). In reviewing your application, we consider grades, standardized Courses of study test scores, essays, recommendations, independent work, the quality of your university program and your achievements The required core curriculum provides a strong foundation outside the classroom. No one aspect will make or break our in managerial, analytical, and practical management skills: decision; instead, we look at the sum total of your experiences.

Managerial Economics, Managerial Statistics, Financial How to Apply Management, Marketing Management, Financial and Managerial Accounting, Human Resource Management, To apply as a first – year student at the Riga Business School, you Organizational Behavior, Management Information Systems, must submit application form by sending it to [email protected]. Strategic Management. You can apply by mail or online. Access a printed RBS Students can choose elective subjects that allow them to pursuit application form by downloading and printing PDF’s at their interests and enhance their functional expertise: www.rbs.lv OR calling the admission office at (+371 67089800). Leadership, Business Law, Business Ethics, Entrepreneurship, Project Management, Operations and Service Management, You can also apply online using the common application form at Marketing Research, Marketing Communication, Consumer www.rbs.lv. Behavior, Business Communication Skills, International Financial Management, Investment and Banking, Corporate Finance, E-business Solutions, Information Technology and Strategy, Information Assurance, Entrepreneurial Finance.

For more information about specific course description go to www.rbs.lv.

Advancing your career! 6 www.rbs.lv

Executive MBA About Diploma

20 — Month European-American program is delivered Upon successful program completion, student will be awarded collaboratively by the Riga Business School, University at an Internationally accredited Master of Business Administration Buffalo (USA) and University of Ottawa (Canada) and will help degree from the Riga Business School at Riga Technical University experienced managers and business owners to advance to and certificate of recognition by University at Buffalo. new business leadership heights. During the Executive MBA program we are using academically rigorous teaching Admission criteria methodology (including business cases from Harvard University, the official partner of Riga Business School) with a focus 3Solid previous education: minimum of Bachelor degree on advanced finance management skills, entrepreneurial spirit (or locally appropriate equivalent) from an accredited institution; and innovation leadership. 3Relevant managerial experience, career progress (at least Particular attention is paid to developing personal leadership 5 years) and personal achievements; skills by providing participants with an individual development plan and executive coaching hours with internationally 3English language proficiency (TOEFL RBS institutional code accredited executive coaches. 7227 or IELTS);

Duration and format of the program 32 letters of recommendations from your colleagues or business partners; Executive MBA format recognizes the intensity of your schedule and allows you to smoothly add the effective learning of the MBA 3Personal qualifications and motivation to commit; program: 3Excellent business reputation. 3Program is balanced over a 20 month period (part time); How to Apply 3Two week-long sessions allow for intensive interaction with colleagues and in-depth analysis; To apply as an EMBA program participant at the Riga Business School, you must submit application form by sending 34x4 monthly modules require only 4 days a month devoted to it to [email protected]. on-site learning, teamwork and case analysis. You can apply by mail or online. Access a printed RBS European Experience Trip and Transcontinental Study Module application form by downloading and printing PDF’s at www.rbs.lv OR calling the admission office at (+371 67089800). To broaden the international perspective Executive MBA program includes International Study module. Study trips You can also apply online using the common application at offer exceptional exposure to economic activity, market trends, www.rbs.lv. and culture in USA, Europe, Asia and South Africa and combines academic learning with field visits to companies from various industries such as finance, manufacturing, retail, wine, diamond, banking and others. In addition, participants interact with business leaders, local Executive MBA program participants, government officials to increase group dynamics and networking opportunities. There is also a space for social activities - for example, local culinary classes, the trip to Niagara Falls or safari at Aquila Game resort. Itineraries vary from one year to the next. Truly global experience! 8 www.rbs.lv Executive MBA program stucture

* RBS reserves the rights to vary the content and delivery of courses and the program.

«A good education is always a great asset, but it is even more valuable at a time when the economy is under a lot of stress: the market can appreciate the superiority of such an education as competition grow tense.» Āris Žīgurs, EMBA Alumnus, Chairman of the board, Latvenergo JSC

www.rbs.lv 9 Mini MBA program RBS CFA® Preparation Courses The Mini MBA is a leading executive training program at Riga The CFA® (Chartered Financial Analyst®) is the most respected Business School. It will guide students through all the aspects and valued credential in the global finance community and it of business essentials covered in a standard MBA degree. It is increasingly viewed by many as a passport to enter into, and provides a practical understanding of the fundamental building advance within investment management and corporate finance blocks of business: economics, strategy, finance, accounting and professions. marketing. CFA® Charter Holders have demonstrated expertise in ethical Through case studies, lecture, problem-solving exercises and and professional standards, quantitative methods, economics, interactive class sessions, program participants will learn the financial statement analysis, corporate finance, analysis of essence of what a standard MBA degree offers. equity investments, analysis of debt investments, analysis of derivatives, analysis of alternative investments, portfolio For those that have already obtained an MBA, the course management, ethical and professional standards are will serve as a handy refresher course and practical emphasized at every level. exercise. Mini MBA faculty members constantly combe current news and global events to bring cases and media Acquiring the CFA®Charter requires passing 3 levels of exams coverage into the course, with thought-provoking topics that built around a curriculum grounded in the best global practices: help the group explore what’s really going on in your industry and in the business world today. 3CFA Level I – Knowledge and comprehension of fundamental investment tools and concepts. Duration of the program 3CFA Level II – Application and analysis focused on asset 10 days (classes from 9 am till 5 pm). valuation.

Courses to study 3CFA Level III – Synthesis and evaluation of client needs and portfolio management issues. International Marketing, Strategy, Leadership, Financial Management. Riga Business School provides CFA preparation courses ensuring that program participants understand the most Certificate current thought and practices of the global finance community and dramatically improves your test taking techniques. Upon successful completion, program participants will be awarded a certificate from Riga Business School at Riga Technical How to apply University and certificate of recognition by University at Buffalo (USA). In order to be admitted to CFA® Level 1 Preparation course at RTU Riga Business School you must have a bachelor’s or equivalent How to apply degree (final year of your degree program will be accepted as well). Enrolling in a mini-MBA program can be a suitable option for professionals who want to advance their management skills. Please send your documents to [email protected]. Be prepared to study The course is ideally suited for individuals, managers and and take exam in English. business owners who cannot take two years out of their life, business and career. The following documents are needed for you to be registered for the course, your CV , completed application form. To apply please send your CV, completed application form and a letter of motivation to [email protected]. More about the CFA® Institute registration fee schedule and deadlines you will find at www.cfainstitute.org.

10 www.rbs.lv www.rbs.lv 11 «Many people start out to do an MBA so that they can get a well-paid job. But, far more important is to find out what you want to be. Before I began my RBS studies I saw myself only as an engineer. RBS helped me to completely reinvent myself. With the right studies and mentoring, I made the mental switch from technology to management and developed a brand new set of skills. It’s a very important to understand that MBA is not a silver bullet. Having an MBA will not automatically make you a top manager; it is just an enabler. You should be ready to change yourself and take from RBS all that is on offer. It worked for me, I’ve managed to change occupations, locations and became a VP in a big, multinational company.» Herman Epstein, MBA Alumnus, CIO, Carlsberg Eastern Europe & Baltika Breweries

«Using the case method proved to me that there is no right or wrong decision – you are the one who makes it right or wrong through the decision making process. My MBA studies gave me the confidence to make my decisions.» Daiga Melalksne-Auziņa, EMBA Alumna, Chairman of Management Board, NASDAQ OMX Riga

12 www.rbs.lv Why study in Latvia? Facts about Latvia and its capital Riga city

3The Republic of Latvia is situated in northern Europe on the 3Every summer there is a international song festival «New cost of the Baltic Sea. Latvia has land borders with Estonia, Wave», as well as «More Smeha» and other popular events taking Russia, Belarus, and Lithuania. In 2004 Latvia became a full place in Jurmala a beautiful white sand beach town located just member of the European Union and NATO. There are about 20 minutes away from the center of Riga. 2 million inhabitants living in Latvia. The official language is Latvian. The currency is called Lats (Ls). 3Gourmets will enjoy Riga, since meals have an important role in traditional Latvian culture. Riga remains an elegant city with a wide range of restaurants, trendy bars, tea rooms, cabaret 3Latvia is situated in Europe’s mixed forest zone. Its geographical venues and quality shopping. With beer gardens and terraces in position and the presence of the Baltic Sea determine its natural summer, ice rinks and cosy cafes in winter, and lively nightlife all diversity. Recreational opportunities include great wellness year around. opportunities, as well as activities like sailing, ice-skating, skiing, spa and eco – tourism. Useful links: www.latvia.travel 3Riga is the capital of Latvia and represents a lively mix of www.liveriga.com history, art, culture, entertainment, and award winning restaurants. www.latvia.com Riga was founded in 1201 when the German Bishop Albert built a castle on the site of a pre-existing Livonian settlement. Due to its strategic position, Riga has been a trading centre and a link between East and West.

3Today Riga is recognized as a Baltic center of economic activity and growth. Leading financial services and investment firms are located here, as are global organizations in consulting, advertising, and telecommunications. Students have exceptional opportunities to make valuable connections, learn from local «It has been a great privilige business leaders, and advance their careers. to be a student of Riga 3Riga is best known for its architectural legacy. The Old Town Business School. From the is listed in the UNESCO World Heritage list for buildings dating back to the Middle Ages and for the architecture bearings traits moment I landed at the airport, of Swedish, Polish, Russian and German influence. Art Nouveau is the architectural style Riga is now famous for. it has been a journey of self discovery, a sharing of cultures, 3In the cultural arena, Riga is famous for offering opera, ballet and a variety of live music events. During summer, many and experience.» concerts take place in parks, and street musicians play in the Old Town. Riga hosts various international festivals for music, Peter Normann, film, theatre, poetry and art. A number of museums and art galleries also add to the cultural experience. RBS student from Sweden

www.rbs.lv 13 Practical Student information Visas and residence permits Student Housing and Meals All admitted students will be provided with official All international students can be accommodated in the invitations to study at Riga Business School. Based on the modern, conveniently located student residence hall. Students invitation, students will apply for study visa at the nearest will receive information about the housing application once Consulate or Latvian Embassy. It is important to note that this is a admitted. Flats can be rented in town and start at 200 EUR per time – consuming process and could take up to two months. month. There is a high speed Internet connection provided Riga Business School will assist students with the Residence within all areas of Riga. Permit Application process. If you need help in finding a hotel or renting an apartment, For detailed information regarding residence permits, please or finding a room at student dormitory, please contact us at consult the Office of Citizenship and Migration Affairs website – [email protected]. www.pmlp.gov.lv/en. Address: Riga, Čiekurkalna 1.līnija, 3. The city of Riga offers numerous options for eating out including small cafeterias where generous daily lunch specials Health Care and Medical Insurance can be purchased for about 3 – 4 EUR. In general students should The Latvian health care system is very well established and plan on spending ca. 200 EUR a month on food. medical care will be available to all international students. For non EU citizens there are very special requirements for health Travelling around Europe insurance. The Orientation Course at Riga Business School at the After students who are non- EU countries citizens receive their beginning of each semester will give students more information Residence Permit to Study they can travel freely to any country on health care issues (e.g. where to find Russian or English within the Schengen area. Latvia can be accessed by virtually speaking doctors, where to call in case of emergency etc.). every means of transportation. Ferries link the three main seaports with the other Baltic Sea countries. It provides an Working in Latvia excellent opportunity to explore other countries in Northern International students can work in Latvia part-time. Non-EU Europe. The railway links Latvia to Russia and Belarus. citizens with Residence Permit to Study can apply for a Work Permit on the condition that their employment does not International Student Card (ISIC) interfere with their studies. ISIC is an International Student Identification Card which students can use in Latvia and most other European countries to get Financial aid various discounts in cafes, museums, theaters, etc. It is recognized Riga Business School provides some form of financial as an identification card, and when shown at various institutions assistance, including academic and talent scholarships as well as can provide students with discounts or even free entrance tickets. need-based grants, loans, employment and internship opportunities. Internships are an excellent opportunity to Campus Location apply classroom learning to the real world while making valuable Riga Business School is located in the very central part of industry connections. Riga within a walking distance of modern shopping centers, restaurants, cafeterias, hotels, parks and Old town. Distance from Student Career Services the international airport is 25 minutes by car or public transport. The Career Strategy consultants offer a wide range of program and events to help students clarify their interests, gain insights into a Useful link: variety of industries, and interact with alumni and other business www.rbs.lv/international-students leaders. We work with students to prepare them for a successful job search, providing support in developing resumes and cover letters, preparing for interviews, and negotiating job offers.

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Office of Admission

Please let us know if we can provide more information about our programs, answer questions concerning entry requirements, or help you to join Riga Business School student community.

We speak Latvian, English, Russian, German, Spanish.

Riga Business School

11 Skolas str., Riga, LV – 1010, Latvia Phone: + 371 67089800 Fax: + 371 67089810 E-mail: [email protected] Skype: RBS_LV www.rbs.lv

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