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MBA 2017 comprehensive English
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- 3. 3 WELCOME TO USB The University of Stellenbosch Business School, located in the Tyger Valley business district in the northern part of Cape Town, offers an MBA with a solid quantitative underpinning and personalised leadership development. USB is recognised as a top school in the international business school network. It was the first school from an African university to receive all 3 international accreditations: AACSB, EQUIS and AMBA. Overall, we strive to develop responsible leaders through well‐ grounded business education and research. Proven international quality: 3 international accreditations – AACSB, EQUIS and AMBA (first with all three in Africa; only school with highest level of EQUIS accreditation in Africa) Focus area: Leadership development African emphasis: Unique African input Global perspective: International Study Module (included in fees), elective courses by international facilitators Strong roots: Over 50 years of experience of quality business education Services: Career services and state‐of‐the‐art e‐learning support Engagement: Smaller classes, collaborative learning Flexible formats: Full‐time (1 year), Modular (2 years), Blended Learning (2 years) MESSAGES From the director of USB Thank you for your interest in the University of Stellenbosch Business School (USB). We are one of the few so‐called “Triple Crown” schools in the world. These are schools with the three major international accreditations, namely AACSB, EQUIS and AMBA. In addition, our executive education programmes, delivered via our private partner, USB‐ED, is ranked by the Financial Times among the Top 100 in the world. You therefore know in advance that the standard of our academic programmes, infrastructure and learner support are benchmarked against the best. We would also like you to know the following about USB: We are deeply committed to Africa. At the same time, we educate you to function in a global business world. We will lead you to study the latest theories in a particular field while also providing you with opportunities for practical application in your business. We will walk the road to sharpen your critical thinking abilities while also igniting your passion for better business skills. We will widen your strategic vision while also equipping you with operational skills in fields like leadership, finance and marketing. We will carefully select you to enter into one of our programmes, and then engage with you to leave us as a changed person. ‘Ultimately, USB aims to bring hope to Africa and to the world. Join us in turning this dream into reality.’ Prof Piet Naudé USB Director University of Stellenbosch Business School
- 4. 4 USB is a values‐driven school. We embed our values – like integrity, inclusivity, excellence and innovation – in everything we do. We are part of Stellenbosch University – the top research university in Africa – and steer our research agenda to inform business and the content of our curricula. Via our Small Business Academy we create value for entrepreneurs in low‐income areas to improve their businesses and create jobs in their communities. Ultimately, USB aims to bring hope to Africa and to the world. Join us in turning this dream into reality. From the MBA Programme Head USB’s professional MBA aims to train professionals who can contribute to the development of knowledge and to innovative leadership. The MBA degree is therefore a relevant and solid investment that prepares individuals for advanced and specialised professional employment. One of the greatest benefits of doing an MBA is that students can immediately start to implement their learning in their work environment to help resolve problems. Management tools, techniques and hard skills such as strategic management, economics, operations, finance and marketing are important core competencies of the MBA graduate. However, the soft skills acquired on the programme are especially valued by employers and students. Soft skills such as leadership and communication skills, adaptability, flexibility and self‐awareness can be applied across a myriad of professional environments, and are in high demand in the business environment. One of the key differentiators of USB’s MBA is the Leadership Module which develops leaders as individuals with their own authentic leadership styles. The International Study Module at foreign business schools offers students a global perspective that supports the other elements of the MBA. To further enhance global perspectives most electives are presented by international faculty. The collaborative approach to learning through group work, the analysis of case studies and networking combined with individual work support the analysis of business problems. USB’s professional MBA provides a transformative experience, with new and different viewpoints on current and future business challenges. This enhances the MBA graduate’s relevance in the business environment. ‘USB’s MBA provides a transformative experience, with new and different viewpoints on current and future business challenges.’ Martin Butler Head: MBA Programme University of Stellenbosch Business School
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- 6. 6 Three international accreditations The USB MBA comes with quality guarantees in the form of AACSB, EQUIS and AMBA accreditation. USB was the first school from an African university to hold all three international accreditations for business schools. International exposure Students will experience the international dimension at work at the school. USB’s international participation is demonstrated by its three international accreditations, its partnerships with business schools on all continents and its presence in many parts of the African continent. Also, all MBA students need to attend the compulsory International Study Module at a foreign business school during their studies. Joint research, faculty members serving on international boards and exchange students also add to the sharing of knowledge and cultural exchanges at USB. In 2015, USB’s students and faculty members represented 29 different countries from around the globe. Africa‐focused expertise USB is your business knowledge partner in Africa. The school has become known for its African‐focused expertise in areas such as sustainable development, futures research, development finance, ethics and corporate governance, personal leadership development, management coaching and emerging‐country economics. Collaborative learning Collaborative learning is a key feature of USB’s MBA, and this intense engagement contributes to the life‐changing experience of doing an MBA with us. Each student brings unique management experience, industry know‐how and cultural knowledge to the table. This diversity enables students to learn from one another and to work with different perspectives. Leadership development A strong focus on leadership development forms part of USB’s programmes – in particular its MBA and Postgraduate Diploma in Leadership Development. USB’s leadership expertise is benchmarked against international standards and is endorsed by a growing body of respected research institutions. Career development USB’s Career Services prepares students for their next career moves. Services to students include career planning and development, and exposure to career opportunities. Workshops prepare students for job interviews, assist them to prepare CVs and show them how to network effectively, among other things. Companies do regular on‐campus presentations and students have access to career‐related resources and job postings. Networking and diversity On your MBA journey, you will collaborate with people from a wide range of cultures and countries. This diversity will add depth to your learning experience and help you to build valuable networks of business contacts and fellow students that will last you a lifetime. Upon graduation, you become part of the USB Alumni Association with its more than 20 000 members, offering access to continued learning, business knowledge, networking and more. Business connections USB’s close cooperation with industry ensures an academic offering aligned with the needs of the world of work. Areas of alliance and collaboration include representation by the local and international business community on the USB Advisory Board and on the school’s academic programme advisory committees (Roundtables). Partnerships between USB and industry include societal initiatives such as the USB Small Business Academy. It also includes the funding of students and the involvement of alumni in the school’s activities (e.g. as mentors of new students).
- 7. 7 Business knowledge USB creates business knowledge through its research centres, academic conferences and seminars, a research fellowship programme, the research undertaken by its faculty members and students, and its partnerships with the business industry and other academic institutions. The school shares its academic research on its research portal and its practitioner research, opinion pieces, articles, videos and more on USB ThoughtPrint (www.usb.ac.za/thoughtprint). Social impact USB acts to ensure economic, social and ecological well‐being through its teaching, research, social engagement practices. This helps to develop USB graduates into responsible leaders and active citizens. Beyond the classroom our students also learn from and add value to the development of small businesses (e.g. through the USB Small Business Academy) and non‐ profit organisations. CENTRAL LOCATION About the campus The hilltop campus of USB is situated in the ever‐expanding Tyger Valley business district, which is about halfway between the Cape Town CBD and Stellenbosch, home of USB’s mother institution, Stellenbosch University. The campus is close to main access routes, the Cape Town International Airport, shopping malls, sports facilities, entertainment and first‐class medical facilities. Also within easy reach are attractions such as the V&A Waterfront, Cape Point, Table Mountain (a World Heritage site and one of the new Seven Wonders of the World), Robben Island, Kirstenbosch Botanical Gardens and the neighbouring Boland area with its cultural heritage, scenic beauty and world‐ famous winelands. About Cape Town Cape Town regularly features as one of as Africa’s Top 10 travel destinations. As South Africa’s second main economic centre, Cape Town offers a world of possibilities for business people. The city has a thriving service‐based metropolitan economy where growth is often driven by innovation. Cape Town is located in a biodiversity hotspot called the Cape Floral Kingdom which has 9 600 plant species, 70% of which are not found anywhere else in the world. About Stellenbosch Founded in 1679, Stellenbosch is known for its University, cultural heritage, beautiful buildings, vineyards and surrounding mountains. It also has the oldest wine producing area in South Africa. WHAT CAN YOU DO WITH A USB MBA? USB MBA is aimed at producing leaders who can be employed at senior management and higher levels in any industry globally. You will therefore gain a contextual understanding of business and improved self‐awareness leading to enhanced leadership abilities. This will strengthen your ability to communicate effectively, sharpen your analytical skills, solve complex problems, integrate environmental, social and governance (ESG) principles in your decision making, and solve business problems through research.
- 8. 8 Operate on senior management level The USB MBA will give you an astute understanding of all aspects of business, enabling you to operate on senior management level in any industry. You will know how to design and implement strategies, solve complex problems in an increasingly competitive and volatile environment, operate in a global environment and understand the role of business in society. You will also be able to interpret financial statements, assess operational policies and develop marketing strategies. Function globally The USB MBA curriculum is designed to develop you as a leader who can function in any position, anywhere in the world. You will attend an International Study Module at a foreign business school and touch base with global companies. You will meet international lecturers in class. In addition, USB’s partnership agreements with over 80 of the world’s top business schools hold the potential of exchange studies, participation in international competitions for MBA students, engagement and networking. Lead with responsibility You will learn to lead in different contexts after you have completed the Personal Leadership Development Journey. USB’s MBA is strongly committed to your development as a leader, focusing on personal leadership, relationship leadership and organisational or strategic leadership, ultimately delivering leadership performance and organisational performance. Think critically Building and holding an argument are competencies that will help to ‘future proof’ your career. Critical thinking skills will equip you with the ability to think well and argue soundly. This, combined with analytical and strategic skills, will help you to recognise economic, social and other patterns, and to create robust action plans to respond to the unexpected. Understand the interlinked roles of organisational departments USB’s MBA gives you a thorough understanding of the interlinked roles of all the functional areas of an organisation – including finances, operations, information systems, marketing, human capital management and support services. This will enable you to understand the impact of each section’s work on the entire organisation and to manage the alignment of efforts and resources towards moving the business forward.
- 9. 9 THE USB MBA Overview The triple accredited USB MBA aims to give you a clear understanding of how to manage a business responsibly in an African and global multicultural environment. It’s about developing your inherent ability to recognise patterns, to argue in a critical fashion, to innovate, to embrace the complexities of today’s business environment, and to define appropriate management responses. USB’s MBA is rigorous. It is underpinned by solid quantitative subjects and complemented by interpersonal and leadership skills. Collaborative learning – where students learn from each other – is a key feature of the USB MBA. What makes this valuable is the unique knowledge and managerial experience that each student brings to the table. USB’s students are mature people; 34% of them have between 7 and 11 years of work experience while 42% have 12 or more years of work experience. The programme is presented on NQF level 9. Four of the cohorts (Full‐time MBA, two Modular MBA intakes and the Blended Learning MBA) are presented in English. One cohort (Modular MBA) is presented mainly in Afrikaans. Learning activities include lectures, guest lectures by practitioners, tutorials, syndicate groups, practical workplace experience and independent self‐study, supported by USB’s learning management system. The people at USB are focused on delivering the best possible client service by engaging with students in and outside the classroom. Classes are presented at the USB Campus in the Tyger Valley business district in northern Cape Town or via the pioneering glocal classroom virtual learning environment. Leadership development as core theme USB believes leaders are developed, not born. Therefore, each MBA student follows USB’s Personal Leadership Development Journey (PLDJ) in the Leadership Development Module. This journey focuses on personal leadership, relationship leadership and organisational or strategic leadership which ultimately deliver leadership performance and organisational performance. USB’S approach to personal leadership development is endorsed by a growing body of respected research and evidence. The PLDJ focuses on the process of development and utilises evidential theory and content to stimulate the thinking, learning and development of the individual as a leader. The two dimensions of the USB PLDJ involve you in the following: Content: Faculty members introduce you to content through lectures, readings, interactive media, case studies and class discussions. Process: You utilise a range of self‐led learning and leadership development processes to strengthen and grow yourself as a leader. On this journey, you will acquaint yourselves with both the theory and practice of leadership through: Exploring and enhancing personal authentic leadership Narrative learning Experiential learning Work‐based and action learning Reflective learning and confronting “knowledge” that is “not true” Leveraging strengths and development potential Addressing derailment risks.
- 10. 10 Ultimately, USB’s Leadership Development Module promises you that you will leave USB being who you need to be as a leader. In addition, you will leave USB with what it takes to exercise leadership effectively. Levels of leadership dimensions and competencies acquired on USB’s MBA Leadership Development Module Flexible formats USB offers a Full‐time MBA over one year, which is aimed at those who want to immerse themselves in their studies without the demands of a full‐time job or who want to prepare themselves for a career change. USB also offers a short‐ block Modular MBA over two years, which is aimed at those who want to study while they work. Finally, USB offers a Blended Learning MBA over two years with three study blocks and classes every Wednesday evening. You will be able to complete your class programme and research assignment within 1 year on the Full‐time MBA and within 2 years on the Modular and Blended Learning MBA. The Modular MBA has various intakes. Full‐time MBA: 1 year of full‐time classes Modular MBA: 2 years of classes presented in 9 blocks of 1 week each Blended Learning MBA: 2 years of classes presented in 3 blocks of 1 week each plus every Wednesday evening
- 11. 11 Full‐time, Modular or Blended Learning? Reasons to choose our 1‐year Full‐time MBA Reasons to choose our 2‐year Modular MBA Reasons to choose our 2‐year Blended Learning MBA Increased international exposure: In the Full‐time MBA class, you will join international students from all over the world, allowing you to learn from their experiences and cultural backgrounds. Single‐minded focus: Immerse yourself in your studies without the demands of a job. Career change: Take a break from fulltime employment and prepare yourself for a new career. Our MBA is aimed at preparing you to manage up to board level and to lead with confidence. Contact with business environment: Make the most of the many speaker and networking events in class and on campus. Study while you work: This block release programme is presented in focused blocks of one week each (up to four blocks per year), which will enable you to attend lectures without infringing too much upon your work obligations. This arrangement will enable you to make the most of your time on campus. Apply skills immediately: Implement your new business skills at work immediately while getting support from USB. Study at USB even if you live further afield: Students from all over South Africa and from various other African countries choose this option because they need to travel to USB only a few times a year. Study while you work, taking the minimum leave: This blended learning programme enables you to study while you work, taking the minimum leave. You need to attend three one‐week blocks on campus during the two years. In between the on‐campus blocks, a weekly class is presented in USB’s glocal classroom. This can be attended via any internet‐linked device (live‐ streamed classes) from anywhere in the world, or in person (blended delivery). Web‐based support is also provided. This will significantly reduce travel costs. Apply skills immediately: Implement your new business skills at work immediately while getting support from USB. Study at USB even if you live further afield: This option suits students from all over South Africa and other African countries as they do not have to travel to USB that often. Customise your MBA The content of the MBA consists of 18 compulsory modules (which include the International Study Module at a foreign business school and the flagship Leadership Development Module) and 2 electives. Students can customise approximately 30% of their MBA, depending on which electives and International Study Module they select and on the topic of their Research Assignment. Choose electives to acquire areas of specialisation Students can choose two electives from an extensive list of topics. The electives have been clustered into themes: Strategy Marketing Developing markets Leadership Finance Project management Entrepreneurship Other / Management enhancement Use the International Study Module to grow a global mind‐set All MBA students need to do the compulsory MBA International Study Module at a foreign business school (one of USB’s partner schools) to enhance their international exposure. The cost of this module is included in the MBA study fees. The aim of this study module is to develop managers with global mind‐sets. It is about preparing them to work in a global environment, and helping them to understand cultural differences in order to turn cultural competence into a competitive
- 12. 12 advantage. It is also about developing leaders with an awareness of the ethics and values of today’s business space. The International Study Module includes company visits and cultural activities. In 2016, for example, MBA study visits have been arranged to the following countries: Argentina – Austral Group, Buenos Aires: Marketing, Culture & Manufacturing Belgium – Vlerick Business School, Ghent: Entrepreneurship and Innovation (ICT) Canada – Laval University, Quebec: The influence of culture on business illustrated in the context of Quebec and North America Canada – McGill University, Montreal: Managing around the World: International Roundtables for Practicing Managers (together with MBA students from all over the world) EMBA Consortium options – Italy, Russia, USA, China, Turkey, UK or Brazil: Global Business Innovation (with other executive MBA students from around the world). Also see below. Germany – Mannheim Business School, Mannheim: Entrepreneurship, Start‐ups and marketing Japan – NUCB Graduate School, Nagoya: Global Management, Strategy & Innovation in Japan Morocco – ESCA School of Business, Casablanca: Business Strategy in North Africa Netherlands – Nyenrode Business School, Nyenrode: Innovation, Culture and Change Management Singapore – Nanyang Business School, Singapore: Business and the Asian Paradigm Slovenia – IEDC‐Bled School of Management, Bled: Global Management, Leadership and Culture USA – University of North Carolina (UNC), Charlotte: Thinking your way to success: The Corporate World and Societal Good About the EMBA Consortium The EMBA Consortium for Global Business Innovation is the result of collaboration by ten business schools located in important regions around the world. This includes USB. Every year, at the same time, each school offers a week‐long programme to MBA students from the participating schools. EMBA’s philosophy is that by offering a global portfolio of geographically focused programmes, students can confront the reality of doing business in vastly different settings in ways that reinforce previous learning and provide a global perspective on business innovation, which is critical in today’s environment. By living in and learning from different markets, teachers, colleagues, companies, government institutions and cultures, even if for only a relatively short period of time, students will experience a paradigm shift that will serve them well for years to come. In 2016, USB’s MBA students could choose between programmes (serving as International Study Module options) at these schools: Alma (Bologna, Italy), MIRBIS (Moscow, Russia), FIU (Miami, USA), COPPEAD (Rio de Janeiro, Brazil), Chongqing (Chongqing, China), Sabanci (Istanbul, Turkey), Cranfield (Cranfield, UK) and San Jose (California, USA). Find details at http://embaconsortium.org/. Do research to gain business knowledge Concurrent to the MBA and building on the content of the MBA, students should write a Research Assignment of 50 to 70 pages on a management‐related problem. These assignments may be based on an identified problem within the student’s working environment. Results obtained from the research could thus be beneficial for both the employer and the student. The research should be conducted in a scientific manner (in other words, should be replicable) and should add depth to the student’s learning experience and knowledge of real‐life business (in other words, it should be reliable). The research assignment serves as an example of how to handle business challenges by following a robust process.
- 13. 13 Optional: Exchange studies abroad MBA students can choose to complete part of their studies at one of USB’s overseas partner schools. This will enable them to earn credits towards the USB MBA by doing a module or summer school abroad. Exchange studies are optional. Two language options All the programmes are presented in English except the one Modular MBA which is presented mainly in Afrikaans. Classes on the Afrikaans Modular MBA are presented in English only where lecturers (e.g. from abroad) do not speak Afrikaans. This makes USB the only business school that offers contact sessions in Afrikaans. This allows Afrikaans‐speaking students to do their MBA in their home language. Participants on this programme must be fully bilingual in English and Afrikaans. The curriculum and textbooks are exactly the same as for the other groups. Web‐based support All classes are supplemented by USB’s Learning Hub. The course content is embodied in a series of lectures and group discussions, blended with course material composed of comprehensive course outlines, text books and journal articles. Students have to be thoroughly prepared for all lectures so as to extract the optimal benefit from contact sessions and collaborative learning. PROGRAMME CONTENTS This section covers the compulsory modules and the electives. The compulsory modules include the Research Assignment and the International Study Module. Please note that USB reserves the right to modify the contents of subjects and to combine subject matter for better integration of learning areas. This is in the interest of continuous improvement of the curriculum. The compulsory MBA modules Accounting for Decision‐Making (8 credits) Business Communication Skills (4 credits) Business in Society (8 credits) Contemporary Decision‐Making (12 credits) Corporate Finance (12 credits) Digital Enterprise Management (8 credits) Economics for Managers (8 credits) Human Capital Management (8 credits) Integrated Case Studies (8 credits) International Study Module (8 credits) Operational Excellence (8 credits) Perspectives on African Frontiers (8 credits) Managerial Accounting (8 credits) Managerial Statistics (8 credits) Research Methodology and Assignment (45 credits) Strategic Management (12 credits) Strategic Marketing and Branding (8 credits) Values‐Based Leadership (16 credits) Accounting for Decision‐Making This module covers management and financial accounting; internal financial information used in making strategic decisions; external financial information; costing systems; budgeting; and the interpretation and analysis of financial statements and historical reviews in the South African regulatory environment.
- 14. 14 Business Communication The module is about effective oral and written communication in a connected global world; interactive and practical approaches; the elements of persuasive writing and the write‐tight technique; reader‐centred language, style and structure; and presentation skills focusing on engaging different audiences. Business in Society This module focuses on the capability of students to exercise responsible leadership through sound decision making in matters related to the environmental, social and economic impact of an organisation’s activities. It includes the conceptual, strategic, operational and regulatory aspects that leaders and managers have to consider and incorporate in the process of optimising an organisation’s contribution to sustainable development in a local and global context. Contemporary Decision‐Making This module covers systems thinking; complex problem solving; problem structuring methods; multiple criteria decision analysis; linear programming; and simulation modelling. Corporate Finance This module focuses on the aims and functions of corporate finance, financial analysis; management of working capital; financial markets; strategic investment and financing decisions; dividends; cost of capital, risk and required rate of return; valuation and acquisitions; and an introduction to derivative instruments. Digital Enterprise Management This module covers operating models, customer value propositions and the digital transformation; from business strategy to IT architecture; IS investment decision, competitive necessity, competitive advantage and rule changing innovation; Technology Acceptance Model, the technology hype cycles, the technology adoption curve, change management; enterprise information systems (ERP / CRM / ECS); systems configuration and customisation; decision making when faced by big data; human computer interaction; data visualisation; buy vs. build decision; systems development life cycle and iterative development methods; IS impact on business risk from a security and ethical perspective. Economics for Managers This module covers the meaning of economics and economic systems, economics influences on society; the meaning and challenges of globalisation and international economic integration, especially with regard to an open developing economy; the African context; the application of the principles of supply and demand in a market economy; the implications of the interaction between changes in one or more of a wide range of macro‐economic forces; economic growth and development; inflation; unemployment; the balance of payments and exchange rates; the reasoning behind economic policy decisions, and the impact of such decisions on the managerial function. Human Capital Management This module looks at high‐performance people management; approaches to organisational structure; career development; and talent management. Integrated Case Studies This module serves as an introduction to the field of strategic management, while simultaneously providing students with the opportunity to apply the contents of multiple modules in integrated case studies. Three themes are covered: Introduction to strategic thinking; Strategic direction and environmental analysis: strategic awareness & agility; and an integrated case study analysis. International Study Module Students do this module at a foreign business school. The module looks at how to do business in the target country; relevant models and frameworks of the theory of management and related fields as applied in the target country; the identification and exploiting of opportunities for business; the cultural and societal framework of the target country; challenges of globalisation; and geo‐economic and geo‐political frameworks.
- 15. 15 Managerial Statistics This module covers data description; probability; probability and sampling distributions; estimation; tests of hypotheses; correlation; regression; contingency tables. Managerial Accounting This module explores the understanding of management accounting and financial accounting; cost concepts applied by managers in internal financial information; financial information disclosed in the financial statements (with specific focus on the cash flow statement and the management of cash flows); sustainable growth rate; and financial health. Operational Excellence This module unpacks the following: resources, capabilities and the impact on operations strategy; the transformation process design and value stream mapping; continuous improvement and business process design; the Bullwhip effect and global supply chains; SCORE model; measuring operational excellence; Theory of Constraints; Six Sigma; Lean Operations; quality control and the role of statistical techniques in quality; the impact of technology on operations. Perspectives on African Frontiers This module is aimed at helping students to develop an awareness and understanding of the diversity of African countries and the business opportunities this provides; focuses on the main factors that impact on doing business in and within Africa. Research Assignment The Research Assignment module (45 SAQA credits) forms an integral part of the USB MBA. The module comprises three distinct activities of learning. The first activity comprises the teaching of an appropriate research methodology foundation in class. The second activity is a workshop‐based phase to guide students to develop a research proposal (with the assistance of faculty members in the discipline of their interest). The third activity is the actual research assignment in which students work independently towards accomplishing their research objectives, under the guidance of a supervisor. Strategic Management The module is a capstone course on the MBA where the knowledge and practices associated with the different functional management areas is combined with the thinking frames and practices of strategic management. This module is divided into six themes: The philosophy of strategy; Strategy development; Strategy innovation; Strategy execution; Entrepreneurship; and Managerial innovation. The following overarching strategic themes from the MBA will be reinforced in the content of this module: Entrepreneurship, Innovation, Complex problem‐solving, Stewardship and the International context. Strategic Marketing and Branding This module explores the strategic analysis of organisational activities from a marketing point of view; marketing and brand strategy formulation; the functional areas of marketing (4Ps & 7Ps) and their relevant application to strategic marketing frameworks. Values‐based Leadership This module is aimed at leveraging the student’s own personal and authentic leadership style to develop sustainable high‐ performance teams and organisations within an ever‐changing world of work. It also covers the changing leadership context; authentic and personal leadership; EQ development; and organisational change and transformation practices.
- 16. 16 ADMISSION REQUIREMENTS USB’s stringent admission criteria result in higher retention and pass rates. Academic qualifications The South African Council on Higher Education has raised the entry requirements of the MBA programme in South Africa. Students applying for the MBA are now required to have one of the following qualifications on NQF level 8 before they are allowed entry into the MBA: 4‐year Bachelor’s degree (NQF level 8) and at least 3 years of relevant full‐time working experience OR Honours degree (NQF level 8), plus 3 years of relevant full‐time working experience OR 3‐year Bachelor’s degree (NQF level 7) plus a postgraduate diploma (NQF level 8) and at least 3 years of relevant working experience Notes: The working experience should preferably be on managerial level. USB introduced a new 1‐year Postgraduate Diploma in Business Management and Administration (NQF level 8 with 120 credits) in 2015 to prepare students for the MBA and make them eligible for entry into the MBA. Other requirements Mathematics at NNS (Grade 12) level or equivalent A comprehensive CV 3 essays, showing the candidate’s level of motivation and working experience (see below) Satisfactory selection test results (see below)
- 17. 17 SELECTION TESTS USB accepts the SHL or GMAT selection test. Both tests are recognised internationally. Make an appointment with USB to do the SHL selection test on the USB campus or elsewhere, or contact GMAT at www.gmat.com. SHL The SHL consists of the following parts: Verbal critical reasoning assessment Numerical critical reasoning assessment Inductive reasoning test Duration: The test takes about 3 hours to complete and no preparation is required beforehand. When and where: Applicants may do the SHL test on set dates at USB (see USB website) or by appointment at USB or other centres in the country. Cost (2016 amounts): R2 800 (if taken at USB). Please note: You can only take the SHL test once you have started your electronic MBA application process, because you will need a provisional student number for payments and for SHL reports (which will be linked to your electronic application). The total therefore is R4 400 (R2 800 SHL test + R1 600 MBA application fee). Please see bank details below and use your provisional student number as reference. Book: Contact USB on telephone 021 918 4239 or e‐mail shl@USB.ac.za. Additional information: Go to www.shl.co.za GMAT The GMAT consists of three timed sections, namely an analytical writing assessment, a quantitative assessment and a verbal assessment. A copy of the results will automatically be forwarded to USB. The test takes about 4 hours. This test is not administered by USB and bookings to take the test cannot be made with USB staff. Foreign students need to contact the Regional Registration Centre in The Netherlands on 0931 320 239 593. SA students need to contact Pearson VUE Professional Centre in Johannesburg on +27 (0)11 784 3093 or 0800 995 044 or at justin.jacobs@pearson.com. Cost: $250 (2016). Find more information at www.gmat.org, www.gmac.com or www.mba.com.
- 18. 18 THREE ESSAYS Write an essay of approximately 250 words on each of the following topics: Competencies: Your achievements, developed abilities and significant learning to date, and areas of competence that you still need to develop. Career objectives: Where would you like to be five and ten years after completing your MBA and how do you intend getting there? Personal motivation: How do you deal with adversity and stress, what keeps you motivated and focused, and how do you intend coping with the additional stress that the MBA will create? CREDITS FOR COMPLETED MODULES Credits are awarded on a weighted basis per module. The total number of SAQA credits granted on the USB MBA is 213. TRANSFER OF CREDITS FROM SUBJECTS COMPLETED ELSEWHERE USB supports the principle of recognition of prior academic learning, although this is only applied in very selective instances at USB, because group work and collaborative learning are cornerstones of the USB MBA. To obtain an MBA degree at USB, a student must be registered at Stellenbosch University for at least two years and at least 50% of the credits have to be obtained at this University. A student who has been admitted to the MBA programme may apply for accreditation of prior learning, provided that it was obtained on another MBA programme. Students wanting to apply for accreditation of credits obtained elsewhere need to supply: An application which includes full course outlines, number of SAQA credits, learning outcomes, number of class contact hours, prescribed textbooks, method and weights of assessment, and outcomes or topics per class session. Additional work or assessments may be required. ASSESSMENT OF MBA STUDENTS’ DELIVERABLES Students are assessed on a continuous assessment basis. The final performance mark is based on, among others, online assessments, class tests, group work, individual and group assignments, class participation, presentations and the analysis of case studies. The continuous assessment system implies that there is no opportunity to resubmit assignments to improve grades. Tests take place between block weeks (Modular MBA) or after class (Full‐time MBA and Blended Learning MBA) and not during scheduled class times. Detailed regulations for the MBA degree are included in the Calendar of Stellenbosch University. ASSESSMENT AND RECOGNITION OF PRIOR LEARNING USB provides wider access to its programmes through its Assessment and Recognition of Prior Learning (ARPL) process. In line with the requirements of the Council for Higher Education (CHE), USB may admit up to 10% of its student body under ARPL. Candidates who wish to be admitted under the ARPL policy will firstly have to submit all the documentation and tests as required for all prospective students. In addition, prospective MBA students have to adhere to the following: Have at least an NQF 6 qualification. Have at least SIX years of working experience after obtaining the above‐mentioned qualification, of which at least THREE years should have been in a management or related professional position. Submit a comprehensive CV, indicating detailed areas of responsibility as well as information on activities outside the work environment. Provide USB with at least two references (typically current or former line heads) who can testify about the candidate’s managerial or related professional abilities. These references will be required to give a detailed personal reference about the candidate on forms provided by USB.
- 19. 19 Next, USB’s Admissions Committee (head of the programme and another academic) will conduct an in‐depth interview with the candidate. If the Committee is of the opinion that the candidate has the ability to cope with the demands of the MBA programme, he/she may be admitted. A recommendation of admission is sent via USB’s Academic Planning Committee to the Board of the Faculty of Economic and Management Sciences for notification. Note that ARPL candidates need to apply by 30 October each year to allow sufficient time for the assessment process. MBA INFORMATION SESSIONS Across the country, across borders USB hosts on‐campus, countrywide and cross‐border information sessions from April to November each year. Dates and times: See www.usb.ac.za/mba or www.usb.ac.za/events for dates, venues, timeslots and booking details. Or e‐mail mba@usb.ac.za or call +27 (0)21 918 4246. TIME MANAGEMENT Students need to be aware of the time‐consuming nature of MBA studies and they need to arrange study time with their employers and families beforehand. Here is a rough guideline: for every 1 hour spent in class, students need to set aside 3 hours for self‐study (reading, assignments, group work, etc.). The class programme of the USB MBA takes up around 448 hours. Prioritisation is therefore crucial. GROUP WORK AND DIVERSITY Group work in a context of diversity is a characteristic of the USB MBA. People from diverse backgrounds and with different strengths will be asked to work together on projects and to rotate leadership within such groups. This will allow students to learn from one another and it will help to prepare them for real‐life situations in the world of work. MBA TIMETABLES FOR 2016 Note: The timetables for 2017 will be made available later this year. Full‐time MBA 2016 (English) Term 1: 13 January – 18 March Term 2: 5 April – 24 June Term 3: 18 July – 31 August Term 4: 19 November ‐ 26 November Modular MBA 2016 (English) – Intake 1 Block 1: 25 – 30 January Block 2: 14 – 19 March Block 3: 16 – 21 May Block 4: 1 – 6 August Block 5: 3 – 8 October
- 20. 20 Modular MBA 2016 (English) – Intake 2 Block 1: 29 February – 5 March Block 2: 18 – 23 April Block 3: 20 – 25 June Block 4: 29 August – 3 September Block 5: 24 – 29 October Modular MBA 2016 (mainly Afrikaans) Block 1: 15 – 20 February Block 2: 4 – 9 April Block 3: 6 – 11 June Block 4: 22 – 27 August Block 5: 17 – 22 October Deadline for applications South African students: 30 November each year ARPL applicants: 30 October of each year Foreign students from (visa‐exempt) SADC countries: 30 October each year Foreign students from other African countries and rest of world: 30 September each year Important Dates for second year of registration: Will be announced later. Study permits for foreign students at USB: Obtaining a study permit (study visa) from the South African authorities takes up to 12 weeks from the date of being offered a place on a programme at USB – hence the early application deadline for foreign students. Multiple‐entry visas: Students from non‐SADC African countries and other countries with visa requirements who need to apply for study visas can obtain a letter from USB confirming the duration of registration at USB. This will help students to obtain multiple‐entry study visas in case of modular studies. Timetable changes: USB reserves the right to change dates of the lecture schedule or subjects per term table. Students will be informed of any changes in good time. Late applications: USB will do everything possible to accommodate applications submitted after the closing date.
- 21. 21 PROGRAMME FEES AND FINANCING Fees Note: The fees for 2017 will be made available later this year. 2016 2017Total Students from South Africa MBA Full‐time R 225 950 R 225 950 MBA Modular (all intakes) R 91 700 R 134 250 R 225 950 Students from Southern African Development Community (SADC) countries MBA Full‐time R 235 900 R 235 900 MBA Modular (all intakes) R 101 650 R 144 200 R 245 850 International students from the rest of the world (non‐SADC countries) MBA Full‐time R 239 130 R 239 130 MBA Modular (all intakes) R104 880 R 147 430 R 252 310 Deposit payable on acceptance of admission ‐ Full‐time MBA Students from South Africa R 15 000 Students from Southern African Development Community (SADC) countries R 117 950 International students from the rest of the world R 119 565 Deposit payable on acceptance of admission ‐ Modular MBA Students from South Africa R 15 000 Students from Southern African Development Community (SADC) countries R 50 825 International students from the rest of the world R 52 440 Other fees and amounts Application fee (non‐refundable; applicable to all MBA students) R 1 600 SHL selection test fee if taken at USB (2016) R 2 800 GMAT selection test fee (2016) $250 South African students can pay the full programme fees upon registration or they can pay 75% of the annual fees by the end of May and the balance of 25% by the end of September. The fees for 2017 (Modular MBA’s 2nd year of enrolment) will be adjusted to make provision for annual price increases. The programme fees for the Modular MBA’s second year of enrolment are higher than for the first year of enrolment because the second year’s fees include the International Study Module at a foreign business school. Deposit: All students pay a deposit on acceptance of admission. Foreign students need to pay a deposit of 50% of the annual programme fees on acceptance to the programme and the balance prior to, or upon registration. The deposit is deducted from the programme fee. The deposit payable is non‐refundable. Application fee: The application fee must accompany the application. The application fee is not refundable. €1 = about R13.91; US$ 1 = about R12.42 (10 July 2015). Fees include books and study materials. Students are responsible for their own travel and accommodation arrangements and costs. USB reserves the right to change the fees at any time.
- 22. 22 Financing Bursaries The USB’s Bursary Scheme provides partial bursaries and financial assistance to a number of deserving students who have been admitted to the MBA programme. For more details on how to apply for bursaries, contact Marie Willows on 021 918 4243 or at mba@usb.ac.za. The closing date for bursary applications is 30 November each year. Only students who have been accepted onto the MBA may apply for a bursary. The bursaries will be awarded to a full‐time MBA. All the bursaries will be awarded on academic merit. Applicants from previously disadvantaged groups (in the case of South Africans) will be given preference. Applicants must provide evidence of financial need and not be recipients of any other form of study sponsorship (e.g. from their companies). Further terms and conditions apply to each bursary. Every application will be treated in the strictest confidence. Other bursaries The National Research Foundation offers bursaries. Loans Certain banks grant loans at favourable interest rates. You may also contact Eduloan at www.eduloan.co.za. HOW TO APPLY 1. Apply online Go to www.USB.ac.za/apply and complete the online MBA application form. You will be able to complete the form in steps without losing information. The application process is the same for South African and foreign students. 2. Do a selection test USB accepts the SHL or GMAT selection test. Both tests are recognised internationally. Make an appointment with USB to do the SHL selection test by sending e‐mail to Joanne.Sleigh@usb.ac.za, or contact GMAT at www.gmat.com. See www.USB.ac.za/MBA for selection test fees and further information. 3. Pay your application fee Bank: Standard Bank; type of account: cheque account; account number: Account name: US Business School; 073003069; branch name: Stellenbosch; branch code: 050610; Beneficiary name: Stellenbosch University, SWIFT code: SBZAZAJJ. Cheques made out to: Stellenbosch University. Proof of payment of your application fee can also be e‐mailed to joanne.sleigh@USB.ac.za. 4. Upload the following documents online Proof of application fee payment Comprehensive CV 3 essays of 250 words each on your competencies, career objectives and personal motivation Copies of degree certificates (please note that the original certificate must be shown on the first day, or shown together with a transcript of the subjects) Proof of school‐leaving mathematics results SHL or GMAT selection test results (if these were not sent to USB directly) Copy of your ID (or passport for non‐South African students) A marriage certificate (where the applicant’s new surname does not match that on the degree certificate).
- 23. 23 What happens next? Your application can only be assessed by the selection panel if it is accompanied by the fully filled out online application form and all the appropriate supporting documents. The outcome of the selection process will be made known within 30 days or as soon as possible thereafter. ADDITIONAL INFORMATION FOR FOREIGN STUDENTS Study visa requirements for international students All residential students who are non‐South African citizens and are studying at USB require a study visa. Prospective students should contact their nearest South African Foreign Mission (South African Embassy, Consulate or High Commission), normally in their country of origin, to enquire about the requirements for study visas for South Africa. Applicants are required to present themselves in person so that biometric data may be captured. Students from West Africa can also contact USB’s representative for this region in Nigeria while students from East Africa can contact USB’s representative for this region in Kenya. (See contact details at the back of the brochure.) All international students can contact the USB International Office for assistance at international@usb.ac.za. All international students must hold a valid visa for their intended activity prior to entering South Africa. Also note the following: Payment of programme fees Foreign students need to pay a deposit of 50% of the annual programme fees by acceptance to the programme and the balance prior to, or upon registration. CORE FACULTY ON USB MBA Mr Martin Butler MBA (Cum Laude) (Stellenbosch), BEng (Pretoria), B BA Hons (Stellenbosch) Module: Operations/Information Management & Digital Enterprise Management Areas of expertise: Information systems management, Project management, Technology futures martin.butler@us.ac.za Prof Dorrian Aiken PhD (Cultural Studies) (Exeter), PhD (Executive Coaching) (Middlesex) Module: Leadership Development Areas of expertise: Coaching for Leadership and Organisational Development info@dorrianaiken.co.za Mr Gawie Cillie MEcon (Industrial Psychology) (Stellenbosch) Module: Leadership Development & Human Capital Management Areas of expertise: Employment Relations, Labour Law, HR Management, Negotiation ggc@sun.ac.za Core faculty Programme head
- 24. 24 Ms Sonja Cilliers LLB (Stellenbosch), Foundations of Corporate Coaching (UCT), Coaching Essentials (ICF) Module: Managerial Accounting, Accounting for Decision‐making Areas of expertise: Financial Accounting, Management Accounting, Auditing, Executive Coaching sonja@leapcoaching.co.za Prof Mias De Klerk PhD (Organisational Behaviour) (Pretoria), MBL (Business Leadership) (Unisa), BEng (Mechanical Engineering) (Pretoria) Head: Research Module: Leadership Development & Human Capital Management Areas of expertise: Human Capital Management and Leadership mias.deklerk@usb.ac.za Dr Kosie De Villiers PhD (Business Management), MBA (cum laude), BA (Psychology and Sociology) (Stellenbosch) Module: Marketing Management, Strategic Management & Integrated Case Studies Areas of expertise: Marketing, Business Strategy, Alliance Management, International Relations kosie@stellenbosch.co.za Mr Grant Evans MBA (Stellenbosch) Module: Decision Analysis (Operational Research) Areas of expertise: Management Consulting, Strategy, Operations Research, Statistics, Market Analysis, Education grant.evans@acuere.co.za Ms Barbara Fölscher Postgraduate Diploma (Creative Writing) (Oxford), Neman Fellowship (Journalism) (Harvard), B Hons (Journalism) (Stellenbosch) Module: Personal Skills Development Areas of expertise: People and Performance Management barbara.folscher@iopenerinstitute.com Ms Elaine Fouché MEng (Technology Management), BEng (Industrial Engineering) (Pretoria) Module: Contemporary Decision‐making Areas of expertise: Management decision‐making, Business Improvement, Strategy, Leadership and Sustainability foucheelaine@gmail.com Mr Rian Geldenhuys MBA, LLM, LLB (Stellenbosch) Module: International Management Areas of expertise: Commercial/Corporate Law, Financial Services and Banking Law and International Trade Law rian@tradelawchambers.co.za Prof Charlene Gerber DCom (Business Management) (Unisa), MCom (Business Management) (North‐West), BCom Hons (Business Management) (North‐West), BCom (Accounting and Business Management (North‐ West) Module: Research Methodology & Assignment Areas of expertise: Marketing Management and Research Methodology charlene.gerber@usb.ac.za
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- 26. 26 Dr John Morrison PhD, MBA, BSc (Engineering) (Stellenbosch) Module: Research Methodology & Assignment Areas of expertise: Project Management, Research Methodology and Research coaching, Financial Modelling in Excel john.morrison@usb.ac.za Ms Tasneem Motala MBA (Stellenbosch), BSc (Chemical Engineering) (UKZN), Module: Operations & Information Management Areas of expertise: tazmotala@gmail.com Dr Josephine Kaviti Musango PhD (Sustainable Development) (Stellenbosch), MSc (Agricultural Economics) (Stellenbosch), BSc Hons (Agribusiness Management) (Egerton) Module: Contemporary Decision‐making Areas of expertise: System Dynamics Modelling, Resource Economics, Technology Assessment jmusango@spl.sun.ac.za Prof PietNaudé PhD (Theology), MA (Philosophy) (Stellenbosch) Modules: Business in Society, Leadership Development Areas of expertise: Ethics related to politics, economics and business pnaude@sun.ac.za Ms Vanessa Otto‐Mentz Master’s (Organisational Change) (Ashridge), MBA (Edinburgh), CA(SA) (SAICA), BComm Hons (Accounting (Rhodes) Module: Strategic Management Areas of expertise: Strategy Practices and Business Responses to Systemic Contextual Risk Vanessa.Otto‐Mentz@usb.ac.za Dr Rene Pellissier PhD (Systems Engineering) (Pretoria), MBA (Stellenbosch) Module: Operational Excellence Areas of expertise: Innovation and Technology Management, Complexity Management, Business Engineering, Engineering renepellissier@gmail.com Mr Roelf Pienaar MBA (Stellenbosch), CA(SA), CIMA Module: Management Accounting & Accounting for Decision Making Areas of expertise: Costing, Retail roelfp@tru‐cape.co.za Dr Heidi Raubenheimer PhD (Business Administration) (Stellenbosch), MSc (Operations Research) (UCT), BSc Hons (Operations Research) (UCT), BSc (Applied Mathematics) (UCT) Module: Managerial Statistics Areas of expertise: Investment Management, Portfolio Construction and Capital Markets heidi.raubenheimer@usb.ac.za
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- 30. 30 AFTER YOUR STUDIES – BECOMING A USB ALUMNUS A worldwide network with benefits USB is extremely proud of its more than 20 000 alumni who have excelled in managerial and leadership roles all over the world – many of them at the highest level. Various channels are used to create ongoing conversations between USB and its alumni, to provide continued learning and to harness support from alumni for students, bursaries and USB’s Small Business Academy. This includes the USB Alumni Association, which has branches all over South Africa, other African regions, the UK and Europe. Together, USB and its alumni contribute to the common good and create legacy of inspiring initiatives. See www.usb.ac.za/alumni. MORE ABOUT USB USB’s portfolio of programmes Business Management: Postgraduate Diploma, MBA, PhD Development Finance: Postgraduate Diploma, MPhil, PhD Futures Studies: Postgraduate Diploma, MPhil, PhD Management Coaching: MPhil Other areas of specialisation: Postgraduate Diplomas in Leadership Development, Project Management and Financial Planning Other programmes: Doctoral research training, executive development (USB‐ED) Accreditation, memberships and acknowledgements 3 international accreditations: AACSB, EQUIS, AMBA Membership of 2 PhD research organisations: EDAMBA (first member of European Doctoral Programmes Association in Management and Business Administration from outside Europe) and EFMD’s Global Doctoral Alliance Rankings: No 1 in South Africa (PMR.africa 2015), Top 3 in Africa (Eduniversal 2015), 5 USB programmes ranked on Eduniversal Best Master’s Programmes in the World 2015‐2016 (includes USB’s Full‐time and Modular MBA) EFMD’s Globally Responsible Leadership Initiative: USB is a GRLI member, helping to reframe the purpose of management education UN’s Principles for Responsible Management Education (PRME): USB is one of first 100 signatories promoting corporate responsibility and sustainability in business education Global Business School Network: GBSN member, helping to promote management education as a critical component of international development strategies Academy of Business in Society: As an ABIS member, USB has committed itself to using its expertise and resources towards a more sustainable future for business in society Membership of leading business school associations: Association to Advance Collegiate Schools of Business (AACSB), Association of AMBAs (AMBA), European Foundation for Management Development (EFMD), Global Business School Network (GBSN), the International Association for Management Development in Dynamic Societies (CEEMAN), Association of African Business Schools (AABS) and the SA Business Schools Association (SABSA). Faculty Besides its full‐time and part‐time academic staff, many of whom have distinguished themselves as organisational leaders, USB welcomes international academics and experts to lecture on its MBA. This gives students exposure to academic learning and real‐world experience from across the globe. Find more details on USB’s academic staff (core faculty, professors extraordinaire, visiting international and local faculty, etc.) at www.usb.ac.za.
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- 32. 32 Facilities, resources and services ICT facilities: These include wireless broadband internet access campus‐wide, an e‐learning platform, break‐away rooms, network connections for notebooks and access to software packages and databases. Library: The Bellville Park Campus library provides access to printed and online local and international publications, books, journals and databases (including SA‐ePublications, Scopus, Ebscohost, Gartner and Emerald), as well as a repository of master’s and doctoral theses (SUNScholar). See http://library.sun.ac.za. Support services: The Client Liaison and Sales Office, Admissions Office and Academic Administration provide advice and continuous support to prospective and current students. The International Affairs Office provides assistance to foreign and exchange students, and the Alumni Relations Office engages with USB alumni of all degree programmes and postgraduate diplomas. The Careers Office provides career planning and development services. Business services: This facility offers e‐mail, phone, photocopying, printing, courier and related services to students. Lecture theatres: All the auditorium‐style and flat‐floor lecture theatres are equipped with the latest audio‐visual equipment and network facilities. Accommodation and restaurants: The Bellvista Lodge (www.usb.ac.za/bellvista) on the campus provides accommodation and a restaurant. Two other restaurants offer meals and refreshments. FREQUENTLY ASKED QUESTIONS Selection tests Which selection test should I take – the GMAT or SHL? Both tests are recognised internationally and USB accepts both. Both tests measure language skills, verbal reasoning, numerical reasoning and learning potential. However, the SHL also includes an occupational personality test. The SHL selection test is usually the preferred option for most students who hold a degree recognised by Stellenbosch University. No preparation is required for the SHL. The MBA programme When are exams/tests held? How many tests/exams are there? Students are assessed on a continuous basis. Each module has a minimum number of assessments based on the number of credits for that module. The final performance mark therefore includes, among others, online assessments, class tests, group work, individual and group assignments, class participation and presentations. Why do the MBA’s admission requirements include a minimum number of years of work experience? Why is this applied so stringently? Firstly, relevant work experience is a requirement of USB’s international EQUIS accreditation. Secondly, collaborative learning – where students learn from each other – forms an important part of USB’s MBA. The expertise, depth and value that each participant brings to the class depend largely on authentic work experience. What is the format of an exam/test – e.g. multi‐choice questions (MCQs), essays, case studies? Will students have access to past test/exam papers? Tests focus primarily on the application of knowledge and insight to business problems. Hence, most tests are open book and require the analysis of problems or cases. In the assessment of pre‐reading, closed‐book tests may be used. In web‐ based assessments of pre‐reading multiple‐choice questions are frequently used, but this may not exceed 20% of the grade of a subject. Many lecturers make past test papers available as a learning resource. I have completed USB’s Postgraduate Diploma in Business Management and Administration. Do I get any credits off my MBA as a result of this? Yes. Graduates of this postgraduate diploma continuing with USB’s MBA will get recognition for 32 credits (15%) on the MBA.
- 33. 33 I have completed a Management Development Programme with USB‐ED / Postgraduate Diploma in Business Management at XYZ. Will I be exempted from part of the MBA programme? The focus of the MBA programme is on collaborative learning. Every participant brings certain expertise to the class – some through formal learning, others through informal learning. If the most knowledgeable persons were to be exempted from classes, the learning experience for the whole class will be impaired. Thus, as a general principle, no exemption is granted. In a limited number of special cases, for example where an MBA student transfers from another university to USB, or the content of a USB‐ED programme is identical to the MBA content, exemption could be considered. Applications will only be considered after the applicant has registered for the MBA programme. Graduates of USB’s Postgraduate Diploma in Business Management and Administration who pass at a certain level and who continue with USB’s MBA will get recognition for 32 credits (15%) on the MBA. Does USB assign mentors to students? Yes, but on a volunteer basis only. USB alumni offer to mentor students during their studies and to provide career or industry advice. This service is offered in association with USB’s Alumni Relations Office and Career Services Office. What facilities are available for academic assistance besides the library? Academic assistance is offered via a web‐based learning environment, a PC lab with various software and database resources, syndicate groups (dedicated study groups), informal learning groups and a bulletin board. How do syndicates (dedicated study groups) function in terms of discussions, assignments and other group work? How much does syndicate work count towards the final mark? Can syndicates communicate electronically to get work done or is it compulsory for syndicates to meet physically between modular blocks? This will depend on each lecturer and on the subject – as some subjects require a substantial amount of group work, while others require limited group work. The weight varies from 0% (no group work) up to 40%. It is imperative that MBA students can communicate electronically to work on their assignments. There is no need to meet physically. When will we receive our books and course material for the MBA programme? Full‐time MBA students will receive their first batch of study material (books and course outlines) at the beginning of the programme and thereafter at the end of every term for the following term. Modular MBA students will receive their first batch of study material at the beginning of the programme and thereafter at the end of every modular block for the following block. Blended Learning MBA students will receive their first batch of study material at the beginning of the programme and at regular intervals thereafter. Can I spread the payment of my fees over time? Yes. For South African students, 75% of the annual fees are payable by the end of May and the balance of 25% by the end of September. (Foreign students, however, need to pay the full programme fee prior to or upon registration.) Application process and closing date When is the closing date for applications? The closing dates for each programme appear on the web page for that programme. In general, the closing dates for foreign applicants from non‐SADC African countries and rest of world close approximately three months prior to the closing date for applicants from South Africa and (visa‐exempt) SADC countries. Obtaining a study permit (study visa) from the South African authorities takes up to 12 weeks from the date of being offered a place on a programme at USB – hence the early application deadline for foreign students. ARPL candidates (all programmes) need to apply by 30 October each year. Late applications after the closing dates will only be considered in exceptional circumstances. Bursaries Are bursaries available?
- 34. 34 A limited number of bursaries are available through USB, the USB Alumni Association’s Future Fund Trust and the National Research Foundation. Campus Is accommodation available on campus? Yes, there is a comfortable lodge and restaurant on the Bellville Park Campus, which is ideal for short‐term accommodation. However, this will probably be too expensive for longer stays. For other accommodation options, such as rooms and flats, contact your course administrator. Once you have been admitted on the MBA and your deposit has been paid, the relevant course administrators will give you guidance in finding accommodation.
- 35. 35 Master’s in Business Administration (MBA) General MBA enquiries Telephone: 021 918 4246; international +27 21 918 4246; Email: mba@usb.ac.za Information sessions Telephone: 021 918 4246; international +27 21 918 4246; Email: mba@usb.ac.za Selection tests Tel: 021 918 4239; international +27 21 918 4239; Email: mba@usb.ac.za Support services USB Careers Office Tel: 021 918 4187; international +27 21 918 4187; Email: usb.Careers@usb.ac.za International affairs Tel: 021 918 4196; international +27 21 918 4196 Email: international@usb.ac.za Campus accommodation Tel: 021 918 4444; international +27 21 918 4444; www.usb.ac.za/bellvista USB Alumni Office Tel: 021 918 4212; international +27 21 918 4483; Email: usbalumni@usb.ac.za West African Office Prospective students from West Africa can contact USB’s representative in that region directly for assistance with applications, transcripts and visas. USB is represented in West Africa by accelerated learning systems, Nigeria. Contact person: Stephanie Bishop Telephone: 2348033136294, +233233136294 E‐mail: usb@clarityeducation.net Physical address: 2rd Floor, 84 Opebi Road, Opebi, Ikeja, Lagos, Nigeria East African Office Prospective students from East Africa can contact USB’s representative in that region directly for assistance with applications, transcripts and visas. USB is represented in East Africa by Sports Masters Limited, Kenya. Contact person: Alex Matheri Telephone: +254 (734) 606000 (office) or +254 722 251638 (mobile) E‐mail: alex.matheri@usb.ac.za Physical address: 1st Floor Suite 108, Nanak House, Kimathi Street, Nairobi PO Box 3285‐00506, Nairobi, Kenya mba@usb.ac. www.usb.ac.za/mba