Degree to be achieved: Professional Master’s Degree in BA
Qualification “Head of Organization/Enterprise”
Duration of studies: 2 years
Type of studies: Full time
Amount of credits: 80 credit points or 120 ECTS
European Qualifications Framework (EQF) level: Level 7
International Standard Classification of Education (ISCED) level: Level 7
Language of instruction: English
Accreditation: the program is accredited until 30.09.2027.

Tuition fee 
EU/EEA/Swiss citizens and their family members; Long Term Resident EU - 2550 EUR per Year
Other сountry citizens - 2990 EUR per Year

The study programme is designed to meet the versatile learning needs of business person and to address managerial issues relevant to doing business, also incorporating the necessary basics of business. The programme concentrates on more detailed aspects of international economics, marketing, management and finance. Degree requirements have been designed to provide practical knowledge and training for future business executives. This master programme is an international study programme executed by University of Latvia in cooperation with foreign teaching staff. After the graduation it is possible to take doctoral studies.

Study period and classes time
The full – time degree programme covers two academic years. Classes are 2-4 days per week: in the evenings of working days from 6.15pm till 9.30pm and on saturdays from 8.30am till 20.05pm.

Career opportunities
The programme is oriented towards the preparation of higher-level managers in any sphere of activity, and all the necessary preconditions for a successful career in international business are created for anyone who has successfully completed the programme. The programme has been developed in co-operation with several foreign partner universities that have experience in the implementation of similar professional Master study programmes.

More information about study programme and Study plan

ERASMUS+ exchange possibilities

UL full-time students, regardless of their citizenship, have the opportunity to apply for the ERASMUS + exchange program for studies or/and traineeship.  

More information:

ERASMUS + study mobility 
ERASMUS + traineeship moblity  

Admission requirements

  1. Bachelor’s or Master’s degree or a diploma proving equivalent level of education from an institution of higher education in Economics, Business Administration, or in other Social Sciences or related sciences: Mathematics, Computer Sciences, Information Technology, Physics or Engineering
  2. The average grade in study courses must be 60% of the maximum. 
  3. English language proficiency.
  4. At least two years of professional experience in business or economics (detailed description of your professional activity must be included in your CV);
  5. Pass of entrance examination in International Economics, which is being held via Skype video teleconference.

Entrance examination

All applicants will be required to pass entrance examination in International Economics. Applicants without documents confirming the English language proficiency will be invited for an interview. Decision on enrolment will be made by the Commission on the basis of the entrance examination results.

The entrance examination is being held via Skype video teleconference and covers the following topics:

1. International trade theory
2. International trade policy;
3. International trade organizations;
4. International monetary system;
5. International mobility of production factors;
6. International economic integration;
7. Globalization and integration influence on national economy.

Academic literature  on International economics from authors such as Krugman, Salvatore, Samuelson etc. is recommended to prepare for the examination.

The examination consists of two parts. The first part is the true/false question session, where applicant has to answer whether the statement provided by the examiner is correct or not. Questions cover the topics given previously above. The aim of this part is to evaluate applicants knowledge in theory of International economic relations. The maximum score of this part is 600.

In the second part applicant states the reasons and motivation, why he/she desires to participate in the master degree program, the maximum score of this part is 400. Logistic and clear thoughtful sentences, wide word-stock, skillfully used economic terminology will be considered as an advantage.

Autumn Intake (application start: 1 Nov 2023; studies start in Sept 2024)



Contact person for more information

Director of the Programme                
Prof. Baiba Šavriņa

Faculty of Business, Management and Economics
5 Aspazijas Blvd., Riga, LV-1050