Business Administration is the first undergraduate program at the ‘Alexandru Ioan Cuza’ University of Iasi entirely taught in English. Established in 2009, the program targets high school graduates with a good level of English (at least B2 level by European standards). The accepted language certificates are TOEFL, IELTS, Cambridge Certificate in Advanced English (CAE). The Business Administration
program is structured as a three-fold program, allowing graduates to specialize into three major fields: management, marketing, finance. The program is structured on three years of study, according to the Bologna system. Courses are taught exclusively based on course books from major publishing houses (e.g. Pearson Education), which ensures both the quality of the teaching and learning process, as well as the comparability of knowledge and skills for international exchanges. Students of the Business Administration program are the favorite target for international exchange programs (Erasmus, Work & Travel and other) due to their good language skills, to their high level of knowledge and to the international environment in which they spend three years of study. Also, students are exposed to the international environment through the large number of international in-coming students in the program. Graduates have the opportunity to continue their studies at our university through specialized master programs: Finance and Risk Management – double degree program with the University of Groningen, the Netherlands; Strategic Human Resource Management in Europe – joint degree program with the University of Applies Sciences BFI Vienna, Austria; Marketing – Management. Also, graduates have very successfully been enrolled in master programs in other European countries (United Kingdom, Denmark, Austria and other). Business administration is the process of managing a business or non-profit organization so that it remains stable and continues to grow. The administration of a business includes the performance or management of business operations and decision making as well as the efficient organization of people and other resources to direct activities toward common goals and objectives. In general, administration refers to the broader management function, including the associated finance, personnel and MIS services. In some analyses, management is viewed as a subset of administration, specifically associated with the technical and operational aspects of an organization, distinct from executive or strategic functions. Alternatively, administration can refer to the bureaucratic or operational performance of routine office tasks, usually internally oriented and reactive rather than proactive. Administrators, broadly speaking, engage in a common set of functions to meet the organization's goals. These "functions" of the administrator were described by Henri Fayol as "the five elements of administration". Sometimes creating output, which includes all of the processes that create the product that the business sells, is added as a sixth element.
