Varna University of Management

Varna University of Management (VUM – former International University College – Albena) is an international business school located in Europe, Bulgaria. Students from over 40 countries receive excellent education in Business and Marketing, IT, Computer Sciences, Tourism and Hospitality Management and Gastronomy and Culinary Arts.

By joining Varna University of Management, Bulgaria, you are about to engage in the greatest intellectual adventure you could possibly imagine. You will find that VUM is a university of the 21st century; we educate tomorrow’s business visionaries. With diverse student body and students from over 40 countries, Varna University of Management ranks 1st according to the International Orientation Criterion among business schools in Central and Eastern Europe U-Multirank.

160 Academic Partners, 92% Rate of Employment,43 Countries Represented on Campus, 27% INTERNATIONAL STUDENTS

Tuition & Other Costs

After submitting your application here, an admission counselor will guide your through the whole admission process.

Tuition Fees

Bachelor’s Degree

€1,500 per semester – Software Engineering

€1,500 per semester – International Banking and Finance

€1,500 per semester – Business Administration

€1,500 per semester – International Business Management

€1,500 per semester – International Hospitality Management

€1,500 per semester – Gastronomy and Culinary Arts

€1,500 per semester – Hospitality and Culinary Arts

Master’s Degree Program

€1,350 to €1,950 per semester – Master’s Degree in Business Administration (MBA)

€1,350 to €1,950 per semester – Master’s Degree in International Hospitality and Tourism Management (MSc)

UNDERGRADUATE PROGRAMS

Tuition Fee: EUR 1500 per semester

Semester Registration Fee: EUR 50 (EU nationals)

Semester Registration Fee: EUR 450 (non-EU nationals)

Duration of study: 6-8 semesters

Starting Dates: October/ February

Location of study: Varna, Dobrich, Sofia (depending on the study program)

POSTGRADUATE PROGRAMS

Tuition Fee: EUR 900 to EUR 1500 per semester

Semester Registration Fee: EUR 50 (EU nationals)

Semester Registration Fee: EUR 450 (non-EU nationals)

Duration of study: 3/4 semesters*

Starting Dates: October

Location of study: Varna

*Depending on the Undergraduate Degree – number of credits and field of science

POSTGRADUATE PROGRAMS MASTER OF BUSINESS ADMINISTRATION (MBA)

Tuition Fee: EUR 900 to EUR 1500 per semester

Semester Registration Fee: EUR 50 (EU nationals)

Semester Registration Fee: EUR 450 (non-EU nationals)

Duration of study: 3/4 semesters*

Starting Dates: October / February

Location of study: Varna, Sofia

*Depending on the Undergraduate Degree – number of credits and field of science

Language of Teaching

Majority of the courses are taught in good English. Some courses taught only in Bulgarian are marked on the degree programs or tuition fees tabs. Languages on the street are mainly English and Bulgarian.

Application / Enrollment Fees

This university has NO application/enrollment fee.

This university has NO per-semester registration fee.

Application Deadlines

Spring/February Intake: starts – October,ends – December (best to apply before November)

Fall/September Intake: starts – February, ends – July (best to apply before May)

Application Documents

There is no age limit.

Undergraduate

– Scanned Copy of your International Travel Passport. This document must be scanned in color with very good resolution.

– Personal photo (face only)

– Scanned Copy of stamped and signed official High School leaving certificate or equivalent (if it is not in English or Bulgarian, it must be translated)

– Scanned Copy of stamped and signed official High School Transcript or equivalent (if it is not in English or Bulgarian, it must be translated)

– Copy of Certificate of Proficiency in English – There are 3 options:

International Certificate – IELTS 6.0 +

An entrance exam in English at VUM

The applicant holds a British or American degree: in this case, a document level of English is not required

Your application will be reviewed and you may be required to have an online interview.

Masters

– Scanned Copy of your International Travel Passport. This document must be scanned in color with very good resolution.

– Personal photo (face only)

– Scanned Copy of stamped and signed official diploma of Bachelor degreefrom an accredited college or university, along with a copy of the High School diploma (if it is not in English or Bulgarian, it must be translated)

Candidates with diploma 3rd Class Honors cannot be registered in the program unless they have completed at least 2 years of experience in the field of tourism for MSc IHTM or minimum 5 years relevant management experience for MBA programme.

– Scanned Copy of stamped and signed official bachelor’s Transcript or equivalent (if it is not in English or Bulgarian it must be translated)

– Copy of Certificate of Proficiency in English – There are 3 options:

International Certificate – IELTS 6.0 +

An entrance exam in English at VUM

The applicant holds a British or American degree: in this case, a document level of English is not required

– Letter of Intent/Statement of Purpose – this should have the date, name of the applicant and signature.

– Colour Scanned Copy of two reference letters in English (from an employer or a lecturer) – the references should be on the letterhead of the company/organization/ university and signed.

– CV in English

Your application will be reviewed and you may be required to have an online interview.

Foundation/Preparatory School / Course / Program

Applicants who don’t have English proficiency results are given a simple (street conversation level) English test. Those who fail are given English course for one or two semesters before they start the main courses. Also, applicants who have deficiency course (not enough of the prerequisite courses) are also giving such courses before they start their main program.

English Proficiency Documents / Requirements 

Prospective students have to demonstrate English language skills through an internationally recognized English Language Certificate or VUMentrance test which follows the structure of Cambridge English: Business Vantage.

The tests normally include some tasks from Business Higher Book to test the listening, reading, writing and speaking skills of postgraduate candidates and some lower level tasks from Business Preliminary Book for the students applying for a bachelor degree programme. 

VUM entrance test is conducted at the premises of VUM and invigilated a VUM instructor.

Note: upon an insufficient level or lack of English language skills, the prospective student can enroll in a preparatory English language course at VUM

Other Application Details

There is no age limit.

Admission Procedure

Bachelor’s Degree

High School Qualification

The prospect student needs to have successfully obtained secondary education from an officially recognized secondary school (high school with average mark of 62% from the general subjects; Note: if still studying at a secondary (high) school preliminary application is possible.

English Language Skills

English is the language of instruction, therefore prospective students have to demonstrate English language skills through an internationally recognized English Language Certificate (IELTS, Pearsons,​​​Trinity College London, Cambridge English Advanced).

VUM entrance test follows the structure of Cambridge English: Business Vantage. The tests normally include some higher-level tasks from Business Higher to test the listening, reading, writing and speaking skills of postgraduate candidates and some lower level tasks from Business Preliminary for the students applying for a bachelor degree program.

The Business Vantage level (Grade B – from 174 to 180 on the Cambridge scale) is aligned to the B2 level of the Common European Framework. Grade B, which is the minimum level accepted for admission to the bachelor and the master degree program at VUM, falls between bands 6 and 6.5 of IELTS (band 6 corresponds to 169 -175 on the Cambridge scale).

The Cambridge Business test components and structure are much the same as the IELTS Academic test format, measuring the four main skills at a comparable level of difficulty and at the same time it focuses on business-related language.

Please, follow the two links to the Cambridge Assessment website, providing a further understanding of the exam’s comparability.

VUM entrance test is conducted at the premises of VUM and invigilated a VUM instructor. Prospective students may try an on-line test before arriving at VUM. Regardless of the online test results, candidates are subject to an entrance test conducted at the premises of VUM.

Note: upon an insufficient level or lack of English language skills, the prospect student can enroll in a preparatory English language course at VUM

Master’s Degree

High School Qualification along with a Bachelor degree diploma

The prospect student needs to have successfully obtained secondary education from an officially recognized secondary school (high school with average mark of 62% from the general subjects) along with successful completion of a Bachelor degree program with minimum number of ECTS credit 180. Note: if the student is still studying Bachelor degree at university an official statement from the particular university is required. Relevant management experience and professional or another additional qualification are considered as competitive advantage;

English Language Skills

English is the language of instruction, therefore prospective students have to demonstrate English language skills through an internationally recognized English Language Certificate (IELTS, Pearsons,​​​Trinity College London, Cambridge English Advanced).

VUM entrance test follows the structure of Cambridge English: Business Vantage. The tests normally include some higher-level tasks from Business Higher to test the listening, reading, writing and speaking skills of postgraduate candidates and some lower level tasks from Business Preliminary for the students applying for a bachelor degree program.

The Business Vantage level (Grade B – from 174 to 180 on the Cambridge scale) is aligned to the B2 level of the Common European Framework. Grade B, which is the minimum level accepted for admission to the bachelor and the master degree programs at VUM, falls between bands 6 and 6.5 of IELTS (band 6 corresponds to 169 -175 on the Cambridge scale).

The Cambridge Business test components and structure are much the same as the IELTS Academic test format, measuring the four main skills at a comparable level of difficulty and at the same time it focuses on business-related language.

Please, follow the two links to the Cambridge Assessment website, providing a further understanding of the exams comparability.

VUM entrance test is conducted at the premises of VUM and invigilated a VUM instructor. Prospective students may try an on-line test before arriving at VUM. Regardless of the online test results, candidates are subject to an entrance test conducted at the premises of VUM.

Note: upon an insufficient level or lack of English language skills, the prospect student can enrol in a preparatory English language course at VUM