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University News

Fully Funded Scholarships Opportunity for Ukrainians Affected by the War

February 14, 2025

At New Western University (NWU), we believe that education has the power to change lives and rebuild communities. Our full scholarship program is a testament to our commitment to supporting ambitious, talented students whose dreams have been shaped by adversity. This opportunity is designed for those who strive to make a difference, lead in their fields, and bring innovation to a world that is constantly evolving.


Designed for students who demonstrate exceptional potential and ambition, this scholarship recognizes those who aspire to lead in their fields and drive innovation. It is particularly dedicated to individuals whose aspirations have been shaped by challenging circumstances, offering a pathway to opportunity for students in regions affected by the war.


As we embrace the AI-driven future, NWU is committed to equipping students with the skills necessary to navigate and lead in this transformative era. This scholarship not only provides financial support but also fosters inclusivity, resilience, and excellence. It invites students from diverse backgrounds to join a global community of learners, where education becomes the foundation for progress, peace, and societal renewal.


NWU President’s Message


Dear Ukrainian Friends, Fellows! Since February 24, 2022, the world has watched in awe as Ukraine’s people have demonstrated extraordinary strength and resilience. Your determination to keep moving forward, even in the face of adversity, is truly inspiring. At New Western University, we stand with you—not just in words, but in action. We are committed to supporting Ukrainian students, researchers, lecturers and members of staff at our partner organizations who have faced immense challenges. Through this scholarship and other initiatives, we want to help you gain the knowledge and skills that will shape Ukraine’s future. You are the next generation of leaders, innovators, and changemakers who will rebuild and transform your country. NWU is here to amplify your potential, support your journey, and walk this path alongside you. We believe in you, and we are proud to offer opportunities that will help you turn your aspirations into reality. Together, we can build a stronger Ukraine and a brighter future for all. With deep respect and unwavering solidarity, Kevin Liu President, New Western University
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Scholarship Award Key Facts And Figures At A Glance

Degree

Master of Business Administration (MBA)

Concentrations

  • Risk Management

  • Artificial Intelligence

Type of Study

100% ONLINE       

Total Credits 

48 credits / 1440 hours

Duration

18 months

Program Structure

12 Courses in Total: 

  • 7 core courses

  • 3 concentration courses

  • 1 elective course

  • 1 capstone course (Thesis Project)

Academic Calendar

4 quarters during the year: Winter (Jan-March), Spring (April-June), Summer (July-Sep), and Fall (Oct-Dec)

Each quarter is 11 weeks long: 10 weeks of class attendance, final exams in the last 11th week

Class Schedule

Students are required to take 2 courses (8 credits) per quarter

Classes are scheduled twice a week

Most of the classes are scheduled during weekday 6-10pm Kyiv time

Application Deadline

April 3, 2025

Program Start

April 7, 2025

Award

Full tuition coverage for NWU's MBA program 

Value

Up to $26,400 (48 units x $550 per unit)

Additional Costs

The scholarship does not cover the application fee ($240)* or the quarterly registration fee ($20).


(Optional) Degree evaluation fee – $100 (if the student requests NWU to assist in sending documents to the evaluation agency).


Note: The application fee will not be charged upfront. It is only required if you are selected for the scholarship award.

Number of Scholarship Available

10 - MBA - Risk Management concentration

10 - MBA - Artificial Intelligence concentration

 

MBA Program Profile:


NWU ONLINE MBA – STUDY/WORK ALONGSIDE THE MBA PROGRAM

The NWU Online MBA program prepares you for management roles in an international context. You can continue studying or working while maintaining a healthy work-life balance. This flexible online format allows you to stay committed to your career while enhancing it with an MBA.


UNLOCK YOUR POTENTIAL WITH THE MBA AT NEW WESTERN UNIVERSITY! 

Our comprehensive programs are designed to equip you with the skills and knowledge necessary to thrive in today's competitive business landscape.


Why Choose Our MBA


  • Leadership and Ethical Decision-Making: Develop vital leadership skills and ethical decision-making abilities to navigate complex business scenarios and foster a culture of transparency, accountability, and compliance.

  • Global Perspective and Regulatory Compliance: Gain insights into international market dynamics and regulatory frameworks, preparing you to operate effectively in diverse business environments.

  • Advanced Analytical Skills: Acquire expertise in financial risk analysis, modelling, and technology integration, enabling you to leverage data-driven insights for proactive risk management strategies.

  • Specialized Expertise and Innovation: Cultivate specialized knowledge in risk management and compliance, along with entrepreneurial skills to identify emerging risks and opportunities in dynamic business landscapes.


CONCENTRATION OPTIONS


Risk Management Concentration:

  • Risk Management Expertise: Master the identification, assessment, and mitigation of various business risks, including financial, operational, and strategic risks.

Artificial Intelligence Concentration:

  • AI Strategic Implementation: Learn to develop and implement AI strategies that drive innovation and enhance competitive advantage.


PROGRAMS STRUCTURE


MBA Core Required Courses 

Total 28 credits (7 courses of 4 credits)

Business Management

Organizational Behavior and Leadership

Strategic Management

Decision Making Management

Project Management

Financial Management

Managerial Economics

Concentration Courses 

Total 12 credits (3 courses of 4 credits)

Choose one concentration: Risk Management or Artificial Intelligence

Concentration in Risk Management 

Concentration in Artificial Intelligence 

Fundamentals of Risk Management

Fundamentals of Artificial Intelligence

Strategic Risk and Crisis Management

AI and Machine Learning in Business

Net Assessment

Generic Artificial Intelligence in Project Management

Elective Courses 

Select 1 course of 4 credits

Philosophical Foundation of Ethics and Aesthetics

Philosophy of Management

AI tools in Preventive Strategies

Business Data Visualization

Any course from another concentration

Сapstone Сourse (Capstone Project) Total 4 credits



OUR BENEFITS


  • Fully Online Courses: Our courses are designed to be completely online, allowing you the flexibility to study at your own pace and from anywhere in the world. This format is ideal for balancing your professional and personal commitments.

  • Practical Thesis Project: Engage in a thesis project that includes practical experience in real businesses located in the USA, EU, or Asian countries. This hands-on approach ensures to apply your knowledge in real-world scenarios, enhancing your understanding and skills.

  • Outstanding Faculty: We take pride in our faculty who are dedicated to fostering an inclusive, diverse, and equity-minded learning environment. Our faculty members have teaching experience at the biggest universities across various countries, enriching their innovative practices with international perspectives.

  • Supportive Learning Environment: You will have access to a dedicated mentor who will help you adapt to the online learning environment and support you throughout your educational journey, ensuring a smooth transition and a fulfilling experience.


APPLICATION REQUIREMENTS:



  1. Bachelor's degree diploma and transcript (or equivalent): scan copy and official English translation

  2. Government-issued photo ID (Driver's Licence, Photo ID, or Passport)

  3. Official English proficiency test results:

    TOEFL iBT: 71, IELTS: 6.5, Duolingo: 100, iTEP: 3.7, CEFR B2

  4. Credential evaluation for diploma transcripts from non-U.S. universities, prepared by a US-recognized credential evaluation agency. (The evaluation report can be submitted after the scholarship award selection) Helpful links:  .US NACES recognized agency list https://www.naces.org/members  .International Education Evaluations https://myiee.org/  (recommended)

  5. A current resume outlining your academic background, work experience, and notable achievements

  6. Two letters of recommendation from professional or academic references who can attest to your qualifications and potential

  7. A scholarship application essay: Explain your academic and professional goals, share how your personal experiences have shaped your aspirations, and discuss how this MBA program aligns with your plans for the future.

*Note: No prerequisites specific knowledge is required. Anyone of any age with a full bachelor's degree is eligible to attend this program.


CONTINUING ELIGIBILITY:

To retain the scholarship each quarter, recipients must:

  • Maintain a minimum 3.2 GPA (US GPA system)

  • Uphold NWU’s values, including academic integrity, professionalism, and a commitment to community service

  • Maintain 90% Attendance Rate

  • Guarantee of hard and diligent study and complete all courses of the quarter

  • The scholarship is disbursed on a quarterly basis, contingent upon the recipient’s compliance with the Scholarship Maintenance Requirements as outlined in the program’s terms. Continuation of funding for subsequent quarters is subject to a review of the recipient’s performance at the conclusion of each quarter. Failure to satisfy the stated requirements will result in the termination of scholarship eligibility, and the student will be responsible for all tuition and associated costs for the subsequent quarter.


FAREWELL TO SCHOOL!


All students will graduate with an MBA degree, receive a standard US diploma with the concentration (either AI or Risk Management) listed on the transcript.


With your degree, you will be able to recognize and manage change. You can solve problems effectively and make complex decisions responsibly - ideal prerequisites for demanding leadership tasks in the management of global companies.

 

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How to Apply

https://www.nwuus.org/apply 

 

For more information, please contact:

OneStop@nwuus.org


New Western University is committed to fostering innovation and excellence in risk management education. This scholarship opportunity aims to support outstanding students in achieving their academic and professional goals.


FAQ

What is the learning format?

100% online, Zoom lectures and assessments are organized at the online learning platform.

How many months does the MBA last?

Program duration is 1.5 years (18 months).

What is the weekly schedule, including time adjustments considering the time difference?

Classes are scheduled twice a week. For example, 6-10 PM Kyiv time, Tuesday and Wednesday.

How many courses will we study?

A total of 12 courses. NWU is structured by quarters – there will be 2 courses per quarter.

What is the format of the final assessment?

There is an exam at the end of each course.

Final assessment of the program is a thesis project.

What general knowledge will we gain?

Our MBA program equips students with a comprehensive set of skills and knowledge essential for success in the dynamic business world.

  • Core MBA Courses: Mastery of fundamental areas such as business management, strategic management, financial management, and managerial economics, which combines theoretical knowledge with practical skills essential for navigating today's complex business landscape effectively.

  • Leadership and Ethical Decision-Making: Develop vital leadership skills and ethical decision-making abilities to navigate complex business scenarios and foster a culture of transparency, accountability, and compliance.

  • Global Perspective and Regulatory Compliance: Gain insights into international market dynamics and regulatory frameworks, preparing you to operate effectively in diverse business environments.

  • Advanced Analytical Skills: Acquire expertise in financial risk analysis, modelling, and technology integration, enabling you to leverage data-driven insights for proactive risk management strategies.

  • Specialized Expertise and Innovation: Cultivate specialized knowledge in risk management and compliance, along with entrepreneurial skills to identify emerging risks and opportunities in dynamic business landscapes.

Is it necessary to have a bachelor's degree in management or related fields to successfully study in an MBA program?

No, anyone with a bachelor's degree is eligible to attend this program. No prerequisites are required.

Are there age restrictions for studying in the program?

There are no age restrictions for studying in the MBA program at NWU.

What does a Capstone Project include?

Students prepare their Capstone Project at NWU’s partner companies. Throughout the duration of the project, the student collaborates with two mentors – one from the university and one from the partner company – and carries out the project in real business conditions.


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