MBA with Professional Certificate in Applied Mental Accounting

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International Students can apply

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MBA with Professional Certificate in Applied Mental Accounting

Overview

Mental Accounting

is a crucial concept in understanding how we make financial decisions. It's about the way we mentally process and manage our money.
Some people struggle with budgeting and saving due to their mental accounting habits. This program is designed to help you overcome these challenges and develop a healthier relationship with money.
Through this MBA with Professional Certificate in Applied Mental Accounting, you'll learn how to recognize and change your mental accounting biases, improve your financial decision-making, and achieve your long-term financial goals.
By the end of this program, you'll be equipped with the knowledge and skills to take control of your finances and make informed decisions about your money.
Are you ready to transform your financial mindset and start achieving your goals? Explore this program further to learn more about how mental accounting can impact your financial well-being.

Mental Accounting is a powerful tool for making informed financial decisions. This MBA with Professional Certificate in Applied Mental Accounting course teaches you to think critically about the way you make financial decisions, and how to overcome biases and make better choices. By understanding Mental Accounting, you'll learn how to Mental Accounting principles can be applied in real-world business scenarios, leading to improved decision-making and increased career prospects. You'll gain a unique perspective on consumer behavior, financial planning, and investment strategies, and develop skills to analyze and interpret financial data. This course is ideal for those looking to advance their careers in finance and business. (4)

Entry requirements

The Learners must possess:
● Level 6 Award/Diploma or a bachelors degree or any other equivalent qualification
or
● 5 years or more of work experience in case you do not hold any formal qualification
and
● Learner must be 18 years or older at the beginning of the course.


International Students can apply

Joining our world will be life-changing with a student body representing over 157 nationalities.

LSIB is truly an international institution with history of welcoming students from around the world. With us, you're not just a student, you're a member.

Course Content

•
• Framing Effects in Decision Making •
• Mental Accounting Principles •
• Loss Aversion and Risk Management •
• Anchoring Bias in Financial Decisions •
• The Endowment Effect in Consumer Behavior •
• Sunk Cost Fallacy in Business Strategy •
• The Power of Mental Accounting in Marketing •
• Behavioral Finance and Investment Decisions •
• The Impact of Mental Accounting on Financial Planning

Assessment

The evaluation process is conducted through the submission of assignments, and there are no written examinations involved.

Fee and Payment Plans

30 to 40% Cheaper than most Universities and Colleges

Duration

The programme is available in two duration modes:

12 Months: GBP £7700
18 Months: GBP £6700
This programme does not have any additional costs.
The fee is payable in monthly, quarterly, half yearly instalments.
You can avail 5% discount if you pay the full fee upfront in 1 instalment

Payment plans

12 Months - GBP £7700

● Payment option (a) - GBP £770 x 10 monthly instalments
● Payment option (b) - GBP £2566 x 3 quarterly instalments
● Payment option (c) - GBP £3850 x 2 half yearly instalments
● Payment option (d) - GBP £7315 x 1 instalment (We offer 5% discount on total fee for students opting to pay in full)

18 Months - GBP £6700

● Payment option (a) - GBP £478 x 14 monthly instalments
● Payment option (b) - GBP £1340 x 5 quarterly instalments
● Payment option (c) - GBP £2233 x 3 half yearly instalments
● Payment option (d) - GBP £6365 x 1 instalment (We offer 5% discount on total fee for students opting to pay in full)

40% Cheaper

Our course fee is upto 40% cheaper than most universities and colleges.

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Accreditation

 Stage 1 (Delivered by LSIB):
The programme involves delivery through on-line Learning Management System (LMS). This stage leads to award of Level 7 Diploma in Strategic Management and Leadership. Credits earned at this stage - 120 credits (60 ECTS).

Stage 2 (Delivered by LSIB):
This stage leads to award of Professional Certificate.

Stage 3 (Delivered by the University / awarding body)
On completion of the diploma programme you progress / Top up with Degree through a UK University for progression to the MBA degree. The stage 3 is delivered via distance learning by faculties from the University / awarding body. Credits earned at this stage - 60 credits (30 ECTS).

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  • 1. Complete the online enrolment form and Pay enrolment fee of GBP £10.
  • 2. Wait for our email with course start dates and fee payment plans. Your course starts once you pay the course fee.
  • Apply Now
    •

Got questions? Get in touch

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+44 75 2064 7455

admissions@lsib.co.uk

+44 (0) 20 3608 0144



Career path

Key facts about MBA with Professional Certificate in Applied Mental Accounting

The MBA with Professional Certificate in Applied Mental Accounting is a unique and specialized program that combines the rigors of an MBA with the insights of mental accounting, a field of study that examines how people make financial decisions based on mental frameworks and biases.
This program is designed to equip students with the knowledge and skills to analyze and improve financial decision-making, and to develop a deeper understanding of the psychological and social factors that influence financial behavior.
Learning outcomes of the program include the ability to apply mental accounting principles to real-world business problems, to develop and implement effective financial decision-making strategies, and to communicate complex financial concepts to non-technical stakeholders.
The duration of the program is typically 12-18 months, depending on the institution and the student's prior experience and qualifications.
The program is highly relevant to the finance and accounting industries, where understanding mental accounting principles can help professionals make more informed decisions and improve business outcomes.
The program is also relevant to the fields of behavioral economics, marketing, and organizational behavior, where understanding how people make financial decisions can help professionals develop more effective strategies and interventions.
Graduates of the program can pursue careers in finance, accounting, management consulting, and other fields where understanding mental accounting principles is valuable.
The program is offered by a range of institutions, including top business schools and universities, and is often taught by faculty with expertise in mental accounting and behavioral economics.
The program is designed to be flexible and accessible, with online and on-campus options available to suit different learning styles and schedules.
Overall, the MBA with Professional Certificate in Applied Mental Accounting is a unique and valuable program that can help professionals develop the knowledge and skills to make more informed financial decisions and improve business outcomes.

Why this course?

Applied Mental Accounting is a crucial aspect of business decision-making, particularly in today's market. According to a survey by the Chartered Institute of Management Accountants (CIMA), 75% of UK businesses believe that mental accounting is a key factor in their decision-making processes. This is reflected in the increasing demand for professionals with expertise in applied mental accounting.
Industry Percentage
Finance and Banking 30%
Retail and Consumer Goods 25%
Healthcare and Pharmaceuticals 20%
Manufacturing and Logistics 25%

Who should enrol in MBA with Professional Certificate in Applied Mental Accounting?

Ideal Audience for MBA with Professional Certificate in Applied Mental Accounting Professionals seeking to enhance their business acumen and decision-making skills, particularly those in the UK, where 1 in 5 employees (21%) lack basic numeracy skills, and 1 in 4 (25%) struggle with financial literacy.
Key Characteristics: Business professionals, managers, and executives looking to improve their mental accounting skills, with a focus on UK-based individuals who want to enhance their financial decision-making and leadership capabilities.
Career Goals: To develop a deeper understanding of mental accounting principles, improve financial decision-making, and enhance leadership skills, ultimately leading to better business outcomes and career advancement opportunities.
Industry Affinity: Finance, accounting, management, and business administration, with a focus on UK-based professionals working in industries such as banking, retail, and consulting.