Program mission 

The Mission of the MBA program is to provide state-of-the-art post-graduate education in business administration to enhance the management capacities of professionals and contribute to their organizations and the public good.  The program is conducted by the FHR School of Management and Accounting in cooperation with Maastricht University School of Business and Economics (MUSBE), in the Netherlands.


Learning Goals

  • Prepare for leadership and transformational roles in business;
  • Develop strategic thinking, innovation and entrepreneurial skills;
  • Develop knowledge- at an advanced level- of organizations, their management and the environment in which they operate;
  • Develop an understanding of responsible risk management and sustainable value creation on the basis of the environmental, social and governance impacts of business;
  • Encourage lifelong learning and personal development.


Learning Outcomes

  • Understanding and mastering core concepts, methods, theories and tools in the business disciplines;
  • Identifying an appropriate combination of diverse methods and tools to provide solutions to new business challenges and apply theory and practice related to the specialization;
  • Interpret complex information including the understanding of different perspectives and derive sound decisions and actions from it;
  • Communicate easily and convincingly conclusions regarding (new) business challenges in small teams as well as front of larger audiences;
  • Ability to reflect on an analysis and on a decision process.


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More information?

Contact Sima Sietaram
MBA Program Manager
Telephone: +597 520797

Target population

The MBA program is targeted towards mid-career professionals with the aim to advance their knowledge and practice of management and to challenge them to lead in a dynamic global business environment. Participants already have work experience on a managerial level and are looking to enhance their careers.

Mode of Delivery

In-class lecturing is from Monday till Friday from 18:00 – 21:30 and on Saturday from 09.30-15.00hrs. Individual in-class exams are on a Saturday from 09:30 – 12:30 hrs.

Submissions of individual/ group take home assignments are scheduled on Sunday latest by 12.00 PM

Class attendance is compulsory.

Program Structure

This part-time MBA program consists of 70 ECTS and is lectured over 2 years in 17 modules, 3 workshops and the Thesis trajectory.

Title upon completion

Master of Business Administration (MBA) granted by FHR Institute for Higher Education and Certified by Maastricht University School of Business and Economics (MUSBE).

International accreditation by the International Accreditation Council for Business Education (IACBE)and National accreditation by the Nationaal Orgaan voor Accreditatie (NOVA) which is still pending.

*EC (European Credit): A unit expressing the Study Load for students, whereby 1 EC = 28 hours of study. An EC encompasses all study activities, including classroom contact hours as well as hours spent on self-study and group work

The versatility and value of a master’s degree in business administration (MBA) have made it the most desired education of this century. An MBA creates a lifelong career path which guarantees every graduate of a steady and firm future. Graduates are expected to find enriched jobs at senior level and become successful business leaders in society by applying the skills and knowledge gained. A great career path for an MBA graduate is one where your qualification keeps delivering value.

Common career opportunities:

Business relationship manager:

It’s a sales role where you may work to find new customers, manage existing accounts to ensure repeat business, and strive to increase spending from the company’s client base. MBA holders are valued for being clever, good communicators, and success (in this case, “sales”) orientated.

Business development consultant:

Holding an MBA degree is extremely valuable in the world of consulting where appearances count. An MBA demonstrates ability and expertise. It helps you attract new business and quickly gain the confidence of clients. With an MBA, you are qualified to consult in business administration, development and management. Plus, you can claim expertise in any subject that you’ve specialized in at university or professionally.

Company director:

People sometimes debate whether getting an MBA helps you to be an entrepreneur. Being an effective entrepreneur requires some serious business skills. You can pick these up with an MBA, especially if the course is geared towards entrepreneurship. Plus, having an MBA helps you win the belief and confidence of prospective investors and business partners.

General manager:

The term “general manager” is typically applied to people senior enough to be managing managers. Competitions for General Manager positions is high because the tasks are, indeed, general: such as supervising, managing and leading people. Management and leadership are also core subjects in Master of Business Administration programs. With an MBA to your name, employers know you’ve learned management principles and are committed to a career in the field.

Admission requirements

Candidates are admitted on a competitive selection basis.
In order to be eligible for admission to the MBA program, an applicant needs to fulfill the following requirements:

a. Degree
A Bachelor degree from a recognized institute (university/HBO), preferable with a foundation in economics and management.
b. Work experience
At least three (3) or more years of relevant working experience.
c. English Proficiency
Applicants whose first language is not English must demonstrate proficiency in the English language by submitting official test scores from TOEFL or from the FHR TOEFL equivalent test.
d. Successful completion of the Admission Required Leveling Courses
All applicants must successfully complete the following admission required leveling courses.
e. Submit mandatory documents
  1. a complete and dully signed application form providing the candidate’s personal data, educational record and employment record
  2. copies of translated diplomas and transcripts
  3. two reference letters from employers or other professionals
  4. explicit and individualized motivated choice of the program
  5. curriculum vitae
  6. copy of a valid ID or passport
  7. one passport sized picture
All letters and documents must be submitted in English.


Application deadline
The application deadline is Augustus 15, 2020

Application Fee

The admission fee is € 300 and should be paid before the start of the required leveling courses.

Program tuition Fee

The tuition fee amounts to € 12.500 (including costs of textbooks and other study material).


Payment of the Program tuition Fee (incl. books and study material) :
a. Full payment at once
b. Two installments: 50% to be paid latest by September 30, 2020
50% to be paid latest by April 30, 2021
c. A free of interest periodic installment agreement with FHR


We expect each participant to arrange own funding of the tuition fee or through sponsorship of his/her employer


Alternative funding options are available through:
  • Study financing from Nationale Ontwikkelingsbank (NOB)
*The above mentioned fees may be converted to Surinamese dollars based on the Centrale Bank Exchange sales rate on the day of payment.