Yes! The program is entirely free, except your own internet costs. You have no financial committment towards SMC or any other institution if enrolled in this program. You will not be charged upfront, not for exams, not for credits, not for graduation, you will not be charged at all for this program.
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Free of charge full scholarship MBA
Admitted candidates study for free without any financial committment*
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Multiple available languages of instruction
Study in your preferred language, including English, French, Spanish, German, Russian, or Arabic
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Study from any place at your own pace
The program is entirely flexible in every aspect and adapts to your individual needs.
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Start at any time
Apply any time, and once admitted, you are ready to go.
- please refer to our FAQs at the bottom of the page
Free Online MBA
The Transknowlogy MBA reflects SMC’s very own and unique approach towards opening up distance and online education. We bring together the best of all aspects of the education service chain – students, content, knowhow, and practices from all around the world. Courses and certifications included in the program come from world-class institutions. The programme has been designed for seasoned practitioners and influencers in their field, who are used to identifying and dealing with various “real life” opportunities and challenges.
This Free MBA is not just an education program, but a mindset. It is a way of thinking that embraces innovation, creativity, and collaboration. It is a way of learning that adapts to the changing needs of the global market, the digital economy, and the social impact. This MBA is not just about acquiring skills, but about developing competencies. It is not just about mastering theories, but about applying them to real-world problems. This MBA is also not just about getting a new job, but about creating lasting and sustaiable value.
Is this MBA actually free?
Yes! You have no financial committment towards SMC or its partners if enrolled in this program. Enrollment is granted through a full scholarship from SMC. There are no hidden fees.
But there must be some catch, correct?
No, unless you call "hard-to-get-in" a catch. SMC is very selective with admitting candidates to the program. We strive to work with established professionals who have a proven track record in their profession and who have evidently “influenced” and inspired a large audience and following towards a good cause, positivity, justice, and overall betterment.
Free Online MBA Courses
Curriculum and Course Descriptions
Leading the Organization
The internal environment of organizations is influenced by various contemporary issues that this course examines. Some of the topics covered are: how to achieve organizational and individual effectiveness, how to shape and sustain organizational culture, how to practice business ethics, how to lead and manage change (especially in the context of new technologies and globalization), how to utilize teams/groups, how to restructure organizations, how to adapt to changing employment relationships, and how to embrace the diversity of the workforce.
Managerial Accounting
This course covers the fundamentals of accounting theory and principles and how they are applied by managers i.e., decision makers for planning and controlling purposes. Topics include activity-based costing, evaluation of divisional performance, standard cost variances. This course is designed for the users of accounting information.
Managerial Finance
This course covers the fundamentals of corporate finance, such as accounting statements, security markets, interest rates, taxes, risk analysis, time value of money and the basics of security valuation. The course teaches students how financial managers can increase their firms’ values by making better decisions in areas like capital budgeting, choice of capital structure, and working capital management.
Managerial & Strategic Economics
This course teaches students how to apply economic concepts to managerial problems, helping them to make better choices about production and pricing. Students also explore how different types of markets affect business outcomes and strategies. The course covers: demand analysis and forecasting, production and cost functions, pricing and output determination, and market structures.
Human Resources Management
This course explores the challenges and opportunities of human resources and the dynamic interaction between managers and employees. Students learn about human behaviour and how to apply effective human resource management practices that enhance employee well-being and organizational performance. Topics include: recruitment and selection, staffing, development and performance evaluation of human resources. The course also covers issues such as labour-management relations and ethics.
Digital Marketing & E-Commerce
This course introduces the concepts and practices of digital marketing and e-commerce. It covers topics such as online consumer behavior, web analytics, search engine optimization, social media marketing, email marketing, online advertising, mobile marketing, and e-commerce strategies. The course aims to equip students with the skills and knowledge to design, implement, and evaluate effective digital marketing and e-commerce campaigns for various types of businesses and organizations.
Project Management
This course covers the principles and practices of project management, with an emphasis on how to manage project scope, time and resources effectively. The course introduces the project life cycle, work breakdown structure, network diagrams, scheduling methods, and resource allocation decisions. The course aims to equip students with practical skills and knowledge for managing projects successfully.
Strategic Sales Management
The goal of this course is to teach students how to effectively engage in sales & business development activities. Students learn how to lead and support a sales team and how to foster customer relationships. The course covers topics such as designing a sales force program, managing strategic accounts, team building, diversity in the work force, sales force automation, problem-solving skills and financial issues.
International Business
This course examines the challenges and opportunities of conducting business across borders. It emphasizes the impact and requirements of international trade on business operations and strategy. The topic is analyzed from various perspectives, including: economic, political, legal, monetary and ethical aspects.
Operations Management
The purpose of the course is to introduce students to the main principles and methods of planning, designing, operating, controlling and improving business processes in different types of industries, such as manufacturing and service. The course uses real world examples and case studies from leading companies to illustrate how to apply the theoretical concepts of operations and supply chain management. The course covers important topics in Operations Management, such as: quality management and control, capacity management, plant location, layout and design, production planning and scheduling, supply chain management, and inventory management.
Strategic Management & Innovation
This course introduces the strategic management process, which is how managers create and sustain a long-term competitive edge for their company. The course has three main goals: first, to familiarize students with the key concepts and theories of strategic management; second, to help students relate those concepts to each other; and third, to enable students to apply those concepts to real-world situations. Therefore, the course is a culmination of the program, synthesizing many of the topics covered in previous courses.
Artificial Intelligence in Business
This course introduces the concepts and applications of artificial intelligence (AI) in business. It covers the fundamentals of AI, such as machine learning, natural language processing, computer vision, and deep learning, as well as the ethical and social implications of AI. The course also explores how AI can be used to enhance business processes, products, and services, such as data analysis, decision making, customer service, marketing, and innovation. The course aims to equip students with the knowledge and skills to understand the opportunities and challenges of AI in business, and to critically evaluate and implement AI solutions in various business contexts.
Captstone Project
This module delves into modern challenges related to the internal dynamics of organizations. It covers a range of topics such as the efficiency of both organizations and individuals, the impact of organizational culture, the nuances of leadership, and the strategies for implementing and overseeing change, particularly against the backdrop of evolving technologies and the global landscape. Additionally, the project examines team and group dynamics, organizational redesign, the evolution of employment ties, and workforce diversity.
Free MBA Target Group
The typical Free MBA student is a mid-career individual who is already established as a business, industry, or thought-leader, or on track to being appointed to a leadership position. The programme has been designed for seasoned practitioners and influencers in their field, who are used to identifying and dealing with various “real life” opportunities and challenges.
Apply for Admission
The typical MBA student is a high achiever who is already established as a business-, industry-, or thought-leader, or on track to becoming an impactful influencer.
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Free MBA Admission Requirements
Undergraduate Degree
min. 180 ECTS Credits or equivalent) from an internationally recognized academic institution.
Extensive Professional and Entrepreneurial Experience
Candidates are expected to possess work experience in a high management position with regional or organizational leadership authority.
English Language Proficiency
SMC requires all applicants who are not native speakers of English to meet one of the following requirements. IELTS overall 7.0, or TOEFL iBT overall 100.
MBA Online Free Application Process
Prepare your documents
Applicants must upload the following documents during the application process: CV, Credentials, and ID.
Submit your application
The MBA online Application Form can be accessed by clicking the "Apply for Admission" button below.
Initial review
The Admissions Committee will assess your application upon receipt. Reviews are conducted on a monthly basis.
Final decision
If your application qualifies for acceptance, you will be iinformed accordingly and invited to enroll.
How to get a free MBA
Frequently Asked Questions
Is the Free MBA actually free?
Which languages of instruction are available at the Free MBA?
There multiple optional languages of instruction, including:
- English
- French
- Spanish
- German
- Russian
- Arabic
Is the Transknowlogy MBA flexible, or do I have to follow a calendar?
The Free MBA is entirely flexible. You can study at your own pace from anywhere in the world
Is the Transknowlogy MBA accredited?
While the programs includes courses for credit from leading universities, including IESE, University of Colorado (Boulder), Univerista Bocconi, University of Illinois, Copenhagen Business School, and University of Minnesota, the program itself is not an accredited degree program. Courses of the program are for credit and may be transfered to other institutions.
When can I apply and strart the program?
You may apply to the program any time. Enrollment is ongoing.