The Executive Master of Business Administration (EMBA) program is tailored for “high flyers” working in services and industries.

It is a 12-month modular program which enables executives to earn an Executive MBA while pursuing full time work. The program is targeted towards:

  • Young executives from varied cultural, academic and professional backgrounds who are ambitious and have the potential and desire to work towards a successful management career.

  • Companies wishing to bring their young managers to the skill levels of top leaders while working on their company’s project.

A Life Changing Experience

One of the roles of business schools throughout the world is to provide their surrounding economy with managers who know how to add value to their company’s projects. To do so, business schools need to listen to and even anticipate the needs of businesses and translate them into skills and competencies taught in their revolving program.

Over the last two decades, the exponential growth of globalization has brought about the need to produce and sell in networks, think in multicultural terms, be global and act local and set up international projects. This new economic setting makes fundamental management skills more crucial. A proficient command of management skills, an ability to work with partners from new horizons and an understanding of the cultural aspects of markets are assets when it comes to winning contracts, delivering products and services and setting up research and development projects.

With their expertise in teaching and research, their decades of experience in business teaching, HEC Liège Executive Education, Management School Of The University Of Liège is well equipped to deliver an EMBA centered on the needs of businesses, whether local or international, large or small, and within European or on a Worldwide scope.

The EMBA is a modular program consisting of 10 modules and Business Game over a period of 12 months.
The program consisting of the following 11 modules.






Accounting and Finance



Organizations and Human Resources



Strategic Marketing



Strategy and Sustainability



Corporate Finance



International Business



Management Information System



Project Management



Global Economics and Governance






The i-Business Game

The program consisting of the following 11 modules.

EMBA511 Accounting and Finance


This module covers the importance of financial information in decision making by managers, market analysts and bankers which requires a deep knowledge and comprehension of accounting concepts and corporate finance.

The objective of this course is to introduce participants to basic accounting mechanisms and to use them effectively in financial analysis in order to make accountable and transparent decisions as required by corporate governance principles. Concepts will be studied in a European approach.

EMBA512 Organizations and Human Resources


This module tackles the challenges of recruiting, rewarding and retaining best talent in a daunting and hypercompetitive business environment. The traditional role of HRM previously seen as more administrative in nature now requires this field to be aligned with corporate strategy. Key areas of organizational behavior, leadership, emotional and social intelligence will be covered. This will help shift participants thinking from “managing people” to the more contemporary perspective of “managing relationships”.

In this context, the people management module aims to raise awareness of the changing practices and roles of HRM amidst very challenging and more globally mobile human talent. To do this, emerging trends in HRM will be discussed to help participants develop their own prospective vision of what could be the emerging strategic role of HRM in the future of Management practices.

EMBA513 Strategic Marketing


This module is designed to enhance your understanding of the aspects of marketing as a social science and a business field. It builds upon four major marketing themes: building and managing profitable customer relationships, building and managing strong brands to create brand equity, harnessing new marketing technologies in the digital age and marketing in a socially responsible way around the globe. The module reveals the “drama” of modern marketing, reflecting the major trends and forces that are impacting this dynamic and ever–changing field.

EMBA514 Strategy and Sustainability


Strategic Management is a subject which is often thought, quite wrongly, to be the sole preserve of senior executives. It more or less involves all decision makers and stake holders of an organization. This module emphasizes on the tools and methods of creating and maintaining a performance culture. A strategy is only of any value when actually being implemented and “lived”. Our motto is therefore “From Strategy to Results’.

EMBA515 Corporate Finance


The purpose of this module is to furnish students with a general understanding of the financial decision making process. The module in general concentrates on developing a high level understanding of the tactical and strategic significance of the financial management function within organizations. It covers the main financial tools of the company reporting system and the means of analyzing corporate performance.

This module will also teach you not only how to create a budget and other tools that everyone from accountants to marketing managers and decision makers use, but also the critical thinking skills necessary to succeed in business. It is this combination of understanding the technique and how to apply it in the real world that empowers students to make business decisions.

EMBA516 International Business


This module is designed to provide students an understanding of the principle of business and company law as applied in the International context. Students will be exposed to the introduction of company law, the registration and formation of companies, Memorandum and Articles of Association, the capital structure requirement of companies, public issuance of shares, the management and control of companies, the requirement of meetings, the enforcement of corporate rights, the reconstruction and arrangement of companies and the dissolution of companies.

EMBA517 Management Information System


This module covers the transformation process from data to information to knowledge and its importance and value towards information systems. It will explore the latest trends in hardware devices and business application software, computer networking and telecommunication capabilities and how it contributes to business performance and communication. An overview of the different types of information systems in relation to different managerial levels will also be studied. Participants will be familiarized with more contemporary versions of the traditional Systems Development Life Cycle (SLDC) and prototyping and end-user approaches to information systems development.

More importantly this module concludes by stressing the growing importance and integration of the IT Department with the rest of the organisation and how it can help in the strategic management of change so that organisations can gain effectiveness, efficiency and sustainable competitive advantage for organizations.

EMBA518 Project Management


This course examines the organization, planning, and controlling of projects and provides practical knowledge on managing project scope, schedule and resources under the challenging constraints of time, cost and quality. Topics include project life cycle, work breakdown structure, network diagrams, scheduling techniques, and resource allocation decisions. Concepts are applied through a course application paper which will teach students how to successfully plan and execute projects.

EMBA519 Global Economics and Governance


This module provides an overview of the evolving architecture, functions and variable outcomes of global governance, and it explores possible ways of improving the capacity of the international community as a whole to deal with global challenges.

Governance, at whatever level of social organization it occurs, refers to the systems of authoritative rules, norms, institutions, and practices by means of which any collectivity, from the local to the global, manages its common affairs. Global governance is generally defined as an instance of governance in the absence of government.

EMBA520 Ethics


This module will introduce concept of values, morality, cultural beliefs and upbringing in all areas of business, from consumer rights to corporate social responsibility. Decisions made by managers or corporate presidents may affect thousands of individuals or entire communities.

EMBA521 The i-Business Game



The EPM Business Game simulates the reactions of one or several markets where you are in competition with similar companies

The simulation model evaluates the global market and the market shares, taking into account :

  • The economical environment

  • your own decisions

  • the decisions of your competitors

  • several rules and events recorded in a “scenario”


The model evaluates your company’s results as a function of your market share and your decisions.

Learning Outcome

After this seminar, students should be able:

  • Multi-disciplinary

    • Marketing

    • Production

    • Finance

    • Quality

    • Personnel

  • International environment

    • Several markets

    • The Headquarters and the foreign subsidiaries

  • A Game based on competition

    • You don’t fight against the computer but against the competitors

  • A Teamwork

    • As a team, you manage your own company

To be eligible for the EMBA program, applicants have to fulfil the following requirements:

  • Be a manager or an executive.
  • Hold a Bachelor’s Degree from a recognized university, an approved institution of higher learning or equivalent with 3 years of working experience


  • Be a manager or an executive.
  • Hold an Associate Degree or Advanced Diploma from a recognized university, an approved institution of higher learning or equivalent with 5 years of working experience


  • Be a manager or an executive.
  • For mature students (over 35 years of age) the admission decision will be based on a case to case basis.