Varna University of Management

Name in English

Varna University of Management

Name in Local Language

Висше училище по мениджмънт

Abbreviation

VUM

Year Established

1992

Institution Type

Private, Non-Profit

Motto

Developing Leaders since 1996

Nickname

None

Colors

Blue and Gray

Mascot

None

Affiliation

None

Religious Affiliation

None

Setting

Urban

Location(s)

Varna, Dobrich, Sofia; Bulgaria

Campus Size

Not Reported

Nearest International Airport

Varna International Airport (VAR)

Climate

Temperate; cold, damp winters; hot, dry summers

Accessible for the Physically Disabled?

No

Types of Degrees Offered

Bachelors Degree, Masters Degree, Doctoral Degree

Principal Disciplinary Fields

Business, Tourism

Most Popular Programs

International Business Management, Culinary Arts

Curriculum

British

Language(s) of Instruction

English

Accreditation and Certification

British Accreditation Council, Bulgarian Ministry of Education

Number of Bachelor’s Degrees

9

Number of Masters Degrees

2

Number of Doctorate (PHD) Degrees

1

Duration of Study Programs

3 Years for BA programs, 1 year (12 months for MA programs

Prep Year Offered?

Yes

Academic Year Structure

Two Semesters; Fall Semester from October to February, Spring Semester from February to June

Online & Distance Learning

No

Instructional Time

Daytime

Academic & Exchange Partners

187

Double Degree Partners

4

Rankings

• Top 40 Business Schools in Europe, according to U-Multirank
• 13th Best MBA Program in Eastern Europe, according to Eduniversal

Total Students

1000

International Students

270

Gender

Co-ed

Full Time – Part Time

Full Time

Undergraduate Students / Graduate Students

800 / 200

Average Student Age

22

Number of Countries Represented on Campus

50

Countries Most Often Represented

Russia, Turkey, Ukraine, Nigeria

Academic Staff

100

International Academic Staff

40

Student to Faculty Ratio

10:1

Average Class Size

18

Retention Rate

98%

Bachelors Graduation Rate (4 Years)

95%

Bachelors Graduation Rate (6 Years)

99%

Masters Graduation Rate

100%

Rate of Employment (Employed 6 Months 6 Months Post Study)

92%

Total Alumni

Not Reported

Intakes

1 Intake, September

Acceptance Rate

70%

Application Fee

100 EUR

Conditional Admission Available?

Yes

Language Requirements (IELTS, TOEFL etc.)

• TOEFL IBT with score of min. 79 points
• SAT over 1000 points from two sections
• IELTS 6.0(or equivalent score from another testing system)

Note: if there is no such certificate, the prospect student can hold an English language exam organized by VUM in-house or online. Note: upon an insufficient level or lack of English language skills, the prospect student can enrol in a preparatory English language course at VUM or opt for an additional language module.

Admission Process

1. Application Review
2. Interview
3. Provisional Acceptance
4. Payment
5. Student Visa
6. Arrival and Registration

Tuition & Fees

• Bachelor Degrees : 1950 Euro per semester (3900 EURO per year)
• Master Degree Programs: 4950 Euro for the entire program
• Master of Business Administration (MBA): 5850 Euro for the entire program

% of Students Receiving Scholarships

60

% of International Students Receiving Scholarships

50

Types of Scholarships for International Students

Accomplishment Based

Schools & Departments

• School of Computer Sciences
• School of Hospitality and Tourism Management
• School of Business and Marketing

Associate Degrees

None

Bachelors Degrees

• Hospitality Management
• Marketing and Management of Tourist Services
• Marketing and Management
• International Finance and Trade
• Business Administration
• Business Information Systems
• Software System and Technologies
• Gastronomy and Culinary Arts
• Hospitality and Culinary Arts

Masters Degrees

• Master’s of Business Administration (MBA)
• Master’s of International Hospitality and Tourism Management

Doctorate (PHD) Degrees

• PHD in Business Administration (in cooperation with Bulgarian National Academy of Sciences)

Cost of Living (per month, without rent)

400 USD

Working while Studying?

Yes, up to 20 hours per week

International Student Services and Non-Teaching Facilities

• Restaurant
• Sports Hall
• Library

Types of Students Accommodation

School Dormitory

On-Campus Housing

Yes, only for Varna Campus

% of Students Living on Campus

20%

Typical Monthly Cost of Accommodation

55 USD

Campus Crime Rates

None

City Crime Rates

Not Reported

Country Crime Rates

1.6 (56th Safest among 218)

Security and Safety Services

• CCTV
• 7/24 Security Guard