The program implements the European Credit Transfer and Accumulation System (ECTS). ECTS credits represent the workload required to achieve the student’s learning outcomes of his/her curriculum. According to the ECTS, 60 credits are allocated to the workload of a full time academic year, either undergraduate or postgraduate. The student’s workload varies from 1,500 to 1,800 hours for an academic year, where one ECTS credit represents approximately 25 to 30 working hours. Each student of the MBA may select the modules that he/she wants to attend, provided that the sum of credits (ECTS) per year may not exceed 60 ECTS. All the modules of the program award 20 ECTS, but the Dissertation awards 40 ECTS. Upon successful completion of the MBA, graduates receive 120 credits (ECTS).