MBA with Professional Certificate in Pricing Psychology Fundamentals

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MBA with Professional Certificate in Pricing Psychology Fundamentals

Overview

Pricing Psychology Fundamentals

is designed for professionals seeking to understand the power of pricing in driving consumer behavior.

Developing a deep understanding of pricing psychology is crucial for businesses to maximize revenue and gain a competitive edge. This program is tailored for executives and marketing professionals looking to enhance their skills in pricing strategy and tactics. By learning how to apply psychological principles to pricing, participants can create more effective pricing strategies that drive sales and revenue growth.

Explore the world of pricing psychology and discover how to make data-driven decisions that drive business success.

Pricing Psychology Fundamentals is a game-changing MBA program that combines business acumen with the power of psychology to drive revenue growth and customer loyalty. By mastering Pricing Psychology Fundamentals, you'll gain a deep understanding of how to influence consumer behavior and maximize profits. This unique course offers Pricing Psychology Fundamentals training, along with an MBA degree, providing a competitive edge in the job market. With Pricing Psychology Fundamentals at the core, you'll develop essential skills in market analysis, competitive strategy, and customer engagement. Unlock new career opportunities and boost your earning potential with this innovative MBA program. (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

• Pricing Psychology Fundamentals • Understanding Consumer Behavior • The Science of Decision Making • Pricing Strategies and Tactics • Pricing Psychology in E-commerce • Pricing Psychology in Marketing • Pricing Psychology in Retail • Pricing Psychology in Pharmaceutical Industry • Pricing Psychology in Financial Services • Pricing Psychology in Non-Profit Sector

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 Pricing Psychology Fundamentals

The MBA with Professional Certificate in Pricing Psychology Fundamentals is a unique and specialized program that combines the rigors of an MBA with the insights of pricing psychology. This program is designed to equip students with the knowledge and skills necessary to understand how consumers make purchasing decisions and how businesses can use pricing strategies to influence those decisions. Through this program, students will learn about the fundamental principles of pricing psychology, including the role of emotions, social influence, and cognitive biases in shaping consumer behavior. They will also study the latest research and best practices in pricing strategy, including the use of pricing psychology in e-commerce, digital marketing, and other industries. The program is typically completed in 6-12 months, depending on the student's prior experience and the pace of their studies. Students will have the opportunity to take online courses, complete assignments and projects, and participate in discussions with instructors and peers. The program is designed to be flexible and accessible, with courses available in a variety of formats, including video lectures, readings, and interactive exercises. The MBA with Professional Certificate in Pricing Psychology Fundamentals is highly relevant to professionals working in industries such as marketing, sales, and finance. It is also relevant to entrepreneurs and small business owners who want to develop a deeper understanding of their customers and create more effective pricing strategies. By the end of the program, students will have a solid understanding of pricing psychology and the ability to apply that knowledge in a variety of business contexts. The program is designed to be industry-agnostic, with a focus on the fundamental principles of pricing psychology that apply across a wide range of industries. However, the program does draw on research and best practices from fields such as marketing, psychology, and economics. As such, it is highly relevant to professionals working in industries such as retail, pharmaceuticals, and technology.

Why this course?

Pricing Psychology Fundamentals is a crucial aspect of business strategy, particularly in today's market where consumer behavior plays a significant role in driving sales and revenue. According to a survey by the Chartered Institute of Marketing (CIM), 75% of UK marketers believe that understanding consumer psychology is essential for developing effective pricing strategies (Source: CIM, 2020).
UK Marketers' Perception of Pricing Psychology
75% believe understanding consumer psychology is essential for effective pricing strategies
60% consider pricing psychology when setting prices
40% use pricing psychology to influence consumer behavior

Who should enrol in MBA with Professional Certificate in Pricing Psychology Fundamentals?

Pricing Psychology Fundamentals Ideal Audience
Business professionals seeking to enhance their pricing strategies Typically include marketing managers, product managers, and sales teams in the UK, with 71% of businesses reporting that pricing is a key factor in their purchasing decisions (Source: CBI).
Individuals looking to improve their understanding of consumer behavior and decision-making This includes entrepreneurs, consultants, and anyone interested in the psychology behind consumer purchasing decisions, with 62% of UK consumers reporting that they are more likely to purchase from a brand that understands their needs and values (Source: YouGov).
Professionals seeking to develop data-driven pricing strategies This includes data analysts, market researchers, and pricing specialists, with 55% of UK businesses reporting that they use data to inform their pricing decisions (Source: PwC).