The MBA program in Risk and Engineering Management is designed for graduates and young professionals who wish to develop their knowledge, skills and competencies in the field of modeling, formulation, analysis and implementation of simulation for risk problems as well as skills for understanding these approaches in the broader context of engineering science. Students will benefit from a leading group of academics and an exciting collegiate environment. Lecturers possess practical and academic background. Courses are designed and taught such that graduate students absorb the theory fast and are enabled to implement new skills gained. Courses allow graduate students to transfer methodological knowledge to solve practical problems. Career prospects of graduates in Risk Engineering and Management concentration of the MBA program are broad because of the need for risk professionals with managerial and technical skills. Upon completion, graduates are expected to work as risk managers, engineers, legislators, project managers, inspectors and process engineers.

MBA program length and location:

Securities specialization of the MBA program lasts for 4 semesters within 2 academic years.

The course requirement is 10 core courses (60 credits), 4 electives (24 credits) and a capstone project (12 credits), total 96 ECTS (European Credit Transfer System) credits.

Converted to US credit system the course requirement is 10 core courses (30 credits), 4 electives (12 credits) and a capstone project (6 credits), 48 credits in total.

Courses are taught in fall, spring and summer semesters two times a week. University is located in Istiglaliyyat Street 6, AZ1001, Baku Azerbaijan.

Contacts: e-mail:, tel/fax + (99412) 497 62 67

Admission requirements to the program:

Baccalaureates having a minimum of 2 years of work experience with different backgrounds (economics, commerce, mathematics, engineering, medicine etc.) are eligible to join the MBA program. Eligible international students are accepted to the program based on a contract signed between both parties (university and potential student). Local students are required to pass a uniform state attestation exam before applying to the MBA program. Potential students are required to provide a proof of English language skills along with academic eligibility.


Advantages of teaching methods in the MBA program:

The MBA program seeks to improve students for their leadership skills, prepare them to master systematic knowledge, capabilities and management skills, enhance their professional competence, investigate complex business information, learn analytical thinking and decision-making skills, nourish student’s entrepreneurial mind, teach them business ethics, presentation and time management skills. This program prepares students to occupy top positions in organizations with different cultures. Case studies, presentations, time management skills, group/individual projects, and business games along with theoretical approach complement a rigorous program. The program also aims at teaching students with change management skills peculiar to non-government, not-for-profit and commercial organizations along with proactive thinking style to project scenarios in a regulatory environment. Students will be graded through midterm, class attendance, participation, home works, and final examinations.

Lecturers/Professors of the MBA Program:

Along with full time faculty members of the Azerbaijan State University of Economics (UNEC) the MBA program benefits from scientific and practical potential of professors and lecturers with top academic and managerial background whether in public, government, or private. The program also invites academicians from high ranked universities around the globe and takes advantage of their scientific knowledge and practical potential.



Magistrates who maintain excellent, good, or satisfactory academic standing and graduate from the MBA program receive their MBA degree with all the rights and privileges related to this degree.

Securities courses:

First semester:

SMO 652                    Leadership and Organizational Behaviour

MGTSC 501               Statistics for Business and Economics

RMI 501                     Essentials of risk management

ACCTG 503               Financial accounting (F3)


Second semester:

SMO 502                    Strategy, Organization and Innovation

RQM 502                   Quality management

ROSHA 520              Occupational safety and health

ACCTG 502               Managerial accounting (F2)


Third semester:

OM 502                      Operations Management

BLAW 642                Business Law (F4)


Forth semester –       4  major electives

RAPTI 612                 Risk analysis in power and petrochemical industries

RIPE 605                   Risk based inspection in petrochemical and power industries

RGOV 530                 Risk governance concepts and practices

RTDM 601                 Transport of dangerous materials and risk analysis of chemicals

RPC 514                     Probability and consequences analysis

RFEP 611                   Fire and explosion protection

RBCRI 610                Business continuity risks and insurance

RLCA 604                 Life cycle analysis and assessment

RIRM 622                  Innovation risk management

RKPI 615                   Concepts and Applications of KPI for new technologies

RER 612                    Emerging risks

RSRA 644                  Safety and reliability analysis

SMO 610                    Business transformation and project management

RTRA 614                  Transportation risk assessment

HRM 602                   International Business Ethics and Corporate Governance

BLAW 631                Legal Aspects of Management

RES 620                     Research Methods in desicion making

MIS 521                     Management Information Systems


CapstoneTopics related to Securities

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