MBA: Master of Business Administration


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The Reykjavik University Executive MBA is an intensive two-year programme for professionals.

Language of instruction: English

Start date: August

Duration: 2 years

Study mode: Classes take place in the form of compressed modules from Thursday to Saturday, every other weekend.

Teaching: Every other Thursday from 13:00-17:00, Friday 9:00-17:00 and Saturday 9:00-17:00.

Orientation and team-building

The MBA programme begins with an intensive two-day seminar that emphasises team building and leadership, while providing students with a practical insight into the programme ahead.

Preparatory courses

Students who wish to gain more knowledge of Excel can attend preparatory courses prior to the start of the programme.

Regular assessment

Most core courses are taught during two weekends, with an assessment at the end of the module. Therefore there are no final exams in December and May. Assessment is based on individual and group projects, class participation, case studies, exams and team evaluations.

Semester structure

The Autumn semester is from middle of August to early December. The Spring semester is from end of January to early May.

The Case Method

Nemendur leysa vandamál í tímaReal-life business scenarios

We believe that the best managers and leaders are those who can problem solve and find solutions. The case method helps students develop these skills by presenting them with real –life business scenarios in the classroom and putting them in the role of the decision maker. Our students take an active role in solving hundreds of cases in addition to traditional methods of learning.

This is one of the reasons why our programme is truly international, not only is it taught by experts from the best business schools in the world, but the case method gives our students insights into a wide range of different areas, sectors and global markets.

Personal & Professional Development

Nemendur tala í tímaBecome a better leader

Personal and professional development is an integral part of the Reykjavik University MBA, and enables students to reflect on their personal growth, alongside gaining professional knowledge, skills and abilities.

Through our focus on personal and professional development, students reflect on their life and career paths preparing them for their professional life after studies. Our students receive direct personal and professional development training through short workshops.

Examples of short term workshops and seminars:

  • How to develop your English skills
  • How to prepare an effective CV
  • How to achieve work and family balance
  • Importance of social networks
  • Executive Coaching
  • Training in presenting and performing

Final Project

MBA-final-project-MIT-BostonWorking with start-up ventures and MITdesignX

The MBA final project is a unique course, developed with the MITdesignX innovation centre in Boston and Icelandic Startups. Students present their findings in front of two panels of academic and industry experts, at MIT in Boston and RU in Reykjavik.


MBA students are introduced to tools and methods designed to analyse, evaluate and develop, launch and create scaling plans for new ventures. They develop their communication and leadership skills in a diverse and inter-disciplinary team setting, and work in teams with different skillsets, experience and demographics and interact closely with dynamic entrepreneurial cultures of start-up companies. Students work closely with a designated Icelandic startup.


The final project consists of four workshops, three in Iceland and one in Boston at MIT. Each workshop has its unique focus such as what values will guide the decision making, social responsibility, key priorities and actions, and students pitch training runs with members of the MITdesignX team.

Throughout the process of the final project, students will consult with workshop instructors as needed and meet twice with the final project supervisor. Workshops are facilitated by Magnús Orri Schram MBA, and Dr. Svafa Grönfeldt, MITdesignX.

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About MITdesignX

The venture design center MITdesignX at the Massachusetts Institute of Technology is a graduate level interdisciplinary academic program and startup accelerator dedicated to human-centered innovation and entrepreneurship. The program is a new approach to design innovation, one that is based on creative optimism and close collaboration with partners and stakeholders.


First year

Core courses

First semester  Second semester
  • Negotiations
  • Organisational Behaviour
  • Data Analytics for Management
  • Managerial Economics
  • Personal and Professional Development
  • Operations Management
  • Corporate Finance
  • Managerial Accounting
  • Marketing Management
  • Personal and Professional Development

Second year

Core courses

Third semester Fourth semester
  • Competitive Strategy
  • Leadership and Change
  • Human Resource Management
  • Strategic Decision Making
  • Personal and Professional Development
  • Responsible Leadership
  • Competing in Digital Age
  • Business Law
  • Personal and Professional Development
  • Final Project: Innovation*

*The final project is developed with the MITdesignX innovation centre in Boston and Icelandic Startups. Students present their findings in front of two panels of academic and industry experts, at MIT in Boston and RU in Reykjavik.


Spring semester 2020

Class of 2020

January 16 - 18:

Personal Development Final Gísli Marteinn Baldursson & Hulda Dóra Styrmisdóttir

January 31 - February 1:

Competing in a Digital Age Robert Gregory

February 14 - 15:

Final Project / Innovation (workshop 2) Svafa Grönfeldt & Magnús Orri Schram

Februay 28 - 29:

Competing in a Digital Age Robert Gregory

March 12 - 14:

Final Project / Innovation (workshop 3) Svafa Grönfeldt & Magnús Orri Schram

Responsible Leadership  Ketill Berg Magnússon & Qyvind Kvalnes

March 26 - 28:

Business Law  Heimir Örn Herbertsson

April 17 - 18:

Responsible Leadership Ketill Berg Magnússon & Qyvind Kvalnes

April 20 - 24: In Boston

Final Project / Innovation (workshop 4)  Svafa Grönfeldt & Magnús Orri Schram

May 8:

Hand in Final Project at 12:00 noon

May 15:

Final Project Defence

Class of 2021

January 16-18:

Marketing Valdimar Sigurðsson

January 30 - February 1:

Operation Management Natalia Yankovic

February 13 - 15:

Marketing Valdimar Sigurðsson

February 27 - 29:

Operation Management Natalia Yankovic

March 12 - 14:

Personal and Professional Development Hulda Dóra Styrmisdóttir

March 26 - 28:

Corporate Finance Steve Byers

April 16 - 18:

Accounting Edi Soler

April 30 - May 2:

Corporate Finance Steve Byers

May 14 - 16:

Accounting Edi Soler

Timetables for Spring semester 2020 (pdf)

Study abroad

MBA students can apply for a semester abroad during their third semester. The seats are limited and can vary from year to year. In recent years, MBA students have attended outstanding Business Schools like:

  • HHL in Leipzig – ranked nr. 2 in Germany and 26 globally 2013 as Business School 
  • Victoria in Canada ranked nr. 1 in Canada as Business School younger than 50 years 2013

Taking an exchange semester represents a great opportunity for RU MBA students to gain an insight into new markets. 

Further information about the application process can be found here.

Learning outcomes


  • Definitions and concepts of academic fields covered in a general MBA program including management, leadership, personal development as well as human resource and quantitative subjects.

  • Theoretical foundations and methods including, management, operations, business statistics, communications, accounting, organisational behaviour, economics, finance, strategy, marketing, leadership, human resource and business ethics.

  • Research and source of empirical knowledge in management.


  • Have learned how to make effective use of his or her time by prioritising and analysing information that is relevant for the task at hand.

  • Developed proficiency in quickly analysing information.

  • Be able to propose a new or modified strategy that is likely to lead to success in an organization.

  • Be able to start new business venture, including taking all the necessary steps of creating and implementing a fully functioning business plan.

  • Use quantitative and qualitative tools to identify business problems and opportunities showing an appreciation for the interrelationships of finance, accounting, management, operations, marketing, and human resources, both in domestic and international environments.

  • Demonstrate effective leadership and collaboration skills for making decisions and accomplishing goals.

  • Show appropriate written and oral communication competencies that support and enhance managerial effectiveness.

  • Incorporate into business decisions an awareness of social responsibility, legal and ethical requirements, and effective corporate governance.

  • Being able to coach and guide staff, peers and business colleges.

  • Being able to analyse external business environment (such as macro-economic trends, demographic changes, industry, competition, etc.) and the internal operations of an organization (ranging from finances to operations and logistics).


  • Have developed proficiency in applying the tools and techniques of business administration (most notably the tools of strategic management) to systematically analyse and address business issues in new or rapidly changing circumstances.

  • Be able to identify which theoretical framework and which tools or techniques are required for novel, unfamiliar situations.

  • Be able to identify themes of similarity in different contexts, e.g., across industries, sectors, or international settings.

  • To select and employ the appropriate tools and analyses, and apply the knowledge obtained during the program in real life situations.

  • Advance knowledge trough innovation and knowledge creation.

  • Have developed comprehensive understanding of organisation's dynamics, operations and management, to enhance entrepreneurial thinking, and to enable students to take on more challenging responsibility and leadership roles.

Information for current students


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