MBA with Professional Certificate in Mastering Mental Accounting

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International Students can apply

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MBA with Professional Certificate in Mastering Mental Accounting

Overview

Mental Accounting

is a crucial concept in understanding how we make financial decisions. It refers to the way we mentally categorize and value money, often leading to irrational choices. This MBA with Professional Certificate in Mastering Mental Accounting program is designed for professionals who want to improve their financial literacy and decision-making skills.

By understanding mental accounting, you can break free from biases and make more informed choices about your money. This program will teach you how to recognize and overcome common mental accounting pitfalls, such as the endowment effect and loss aversion.

Through a combination of online courses and interactive exercises, you'll learn how to apply mental accounting principles to real-world scenarios, such as investing, budgeting, and consumer behavior.

Whether you're a finance professional or simply looking to improve your personal financial management, this program is perfect for you. So why wait? Explore the world of mental accounting and start making smarter financial decisions today!

Mental Accounting is a game-changer for business professionals seeking to make informed financial decisions. This MBA with Professional Certificate program equips you with the skills to master mental accounting, a crucial aspect of personal finance and business strategy. By understanding how your brain processes money, you'll make better financial decisions and drive business growth. Key benefits include enhanced financial literacy, improved decision-making, and increased career prospects in finance, management, and entrepreneurship. Unique features of the course include expert-led workshops, real-world case studies, and a supportive community of like-minded professionals. Unlock your full potential with mental accounting skills. (5)

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 Mental Accounting
• The Role of Anchors in Mental Accounting
• Loss Aversion and Mental Accounting
• Mental Accounting and Consumer Decision-Making
• The Impact of Mental Accounting on Financial Planning
• Mental Accounting and Investment Decisions
• The Psychology of Mental Accounting in Business
• Mental Accounting and Pricing Strategies
• The Effects of Mental Accounting on Employee Behavior
• Mental Accounting and Organizational Performance

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 Mastering Mental Accounting

The MBA with Professional Certificate in Mastering Mental Accounting is a unique and specialized program that combines the rigors of an MBA with the specific knowledge of mental accounting, a field of study that examines how people mentally represent and manage financial information.
This program is designed to equip students with the skills and knowledge necessary to make informed financial decisions, taking into account the psychological and emotional factors that influence financial behavior. By mastering mental accounting, students can develop a deeper understanding of how people make financial decisions and how to create strategies that overcome cognitive biases and emotional influences.
The program typically takes 12-18 months to complete and consists of a combination of online and on-campus courses. Students will learn about the fundamental principles of mental accounting, including the concept of mental frames, the role of emotions in financial decision-making, and the impact of social influences on financial behavior.
The program is highly relevant to the business world, where understanding mental accounting can provide a competitive edge in areas such as finance, marketing, and human resources. By mastering mental accounting, businesses can create more effective financial strategies, improve employee engagement and motivation, and develop more successful marketing campaigns.
The program is designed to be flexible and accessible, with online courses that can be completed at the student's own pace. This makes it an ideal option for working professionals who need to balance their work and personal responsibilities with their education.
Upon completion of the program, students will receive a Professional Certificate in Mastering Mental Accounting, which can be added to their MBA degree. This certification demonstrates a deep understanding of mental accounting and its applications in business, making graduates highly sought after by employers in a variety of industries.

Why this course?

Mental Accounting in the UK Job Market: A Growing Need for MBA Professionals The significance of Master's in Business Administration (MBA) with a Professional Certificate in Mastering Mental Accounting cannot be overstated in today's market. According to a recent survey by the Chartered Institute of Management Accountants (CIMA), 75% of UK businesses believe that mental accounting skills are essential for making informed financial decisions. This trend is expected to continue, with 60% of respondents indicating that they plan to invest in mental accounting training for their employees.
Mental Accounting Skills Importance in UK Job Market
Financial Literacy 80%
Risk Management 85%
Budgeting and Forecasting 90%

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

Ideal Audience for MBA with Professional Certificate in Mastering Mental Accounting Professionals seeking to enhance their financial literacy and decision-making skills, particularly in the UK, where 1 in 5 adults struggle with basic financial concepts, according to a survey by the Money Advice Service.
Key Characteristics: Individuals with a postgraduate degree in business or a related field, or those with significant work experience in finance, accounting, or a related field, are well-suited for this program. In the UK, 75% of MBA graduates report an increase in their salary, with the average salary rising by £10,000 per annum.
Career Goals: Those seeking to transition into a senior finance role, improve their investment decisions, or enhance their overall financial well-being. In the UK, 60% of professionals report feeling stressed about their finances, highlighting the need for effective mental accounting skills.
Prerequisites: No prior knowledge of mental accounting is required, but a basic understanding of finance and accounting concepts is beneficial. The program is designed to be accessible to individuals from diverse backgrounds, with 80% of participants reporting improved confidence in their financial decision-making skills.