MBA with Professional Certificate in Cost Decision Making

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MBA with Professional Certificate in Cost Decision Making

Overview

Cost Decision Making


Learn to make informed business decisions with our MBA with Professional Certificate in Cost Decision Making.


Cost Decision Making is a critical aspect of business management that involves analyzing and evaluating the costs associated with different business decisions. This program is designed for working professionals and executives who want to enhance their skills in cost management and decision making.

Through this program, you will gain a deep understanding of cost accounting, cost control, and cost management techniques. You will learn how to analyze and evaluate costs, identify areas of cost savings, and implement cost-saving strategies.


Some key topics covered in this program include cost estimation, cost analysis, cost control, and cost management. You will also learn how to use cost management tools and techniques to optimize business performance.

By the end of this program, you will be able to make informed business decisions that drive profitability and growth. If you're looking to enhance your career prospects and take your business to the next level, explore our MBA with Professional Certificate in Cost Decision Making today.

Cost Decision Making is a crucial aspect of business management, and our MBA with Professional Certificate in Cost Decision Making is designed to equip you with the necessary skills to excel in this field. By mastering cost decision making, you'll gain a competitive edge in the job market and enhance your career prospects in various industries. This course offers a unique blend of theoretical knowledge and practical applications, allowing you to analyze complex business problems and develop effective cost management strategies. With this certification, you'll be able to cost-effectively make informed decisions, drive business growth, and achieve cost leadership. (6)

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

• Cost-Benefit Analysis
• Cost Accounting
• Decision Making Models
• Cost Estimation Techniques
• Break-Even Analysis
• Cost Allocation
• Cost Control
• Cost Reduction Strategies
• Cost-Benefit Ratio
• Cost Accounting Systems

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 Cost Decision Making

The MBA with Professional Certificate in Cost Decision Making is a specialized program designed to equip students with the knowledge and skills necessary to make informed cost decisions in a business setting.
This program is ideal for professionals looking to enhance their cost management skills and stay competitive in the industry.
By completing this program, students can expect to gain a deeper understanding of cost accounting, financial analysis, and decision-making techniques.
The learning outcomes of this program include the ability to analyze financial data, develop cost management strategies, and implement cost-saving initiatives.
The duration of the program is typically 6-12 months, depending on the institution and the student's prior experience.
The program is designed to be flexible, with online and on-campus options available to accommodate different learning styles and schedules.
Industry relevance is a key aspect of this program, as it provides students with the skills and knowledge necessary to succeed in a variety of business settings, including manufacturing, services, and non-profit organizations.
The program is also relevant to professionals working in industries such as finance, accounting, and management consulting, where cost decision making is a critical component of business strategy.
By completing the MBA with Professional Certificate in Cost Decision Making, students can expect to enhance their career prospects and stay ahead of the competition in the business world.

Why this course?

Cost Decision Making is a crucial aspect of business management, particularly in today's market where companies are constantly looking to optimize their costs and improve their bottom line. According to a survey by the Chartered Institute of Management Accountants (CIMA), 75% of UK businesses believe that cost management is a key factor in their success. In the UK, the average cost of an MBA program is around £20,000, with many institutions offering professional certificates in cost decision making as a more affordable alternative.
Year Number of MBA Graduates
2015 12,000
2016 13,500
2017 15,000
2018 16,500
2019 18,000

Who should enrol in MBA with Professional Certificate in Cost Decision Making?

Ideal Audience for MBA with Professional Certificate in Cost Decision Making Professionals seeking to enhance their cost management skills, particularly in the UK, where the average salary for a cost accountant is £43,000 (Source: Institute of Cost and Management Accountants, 2022), and the demand for cost management professionals is expected to grow by 10% annually until 2025 (Source: UK's Office for National Statistics).
Key Characteristics: Individuals with a bachelor's degree in any field, preferably with some experience in finance, accounting, or a related field, who want to acquire advanced cost decision-making skills to drive business growth and profitability.
Career Goals: Aspiring cost managers, financial analysts, and business professionals seeking to advance their careers, increase their earning potential, and contribute to the success of their organizations.
Prerequisites: No prior knowledge of cost accounting is required, but a basic understanding of financial concepts and business operations is beneficial.