Varna University of Management

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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

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

  • Address Varna University of Management 13 A Oborishte Str. 9000 Varna Bulgaria
  • Diana

    Rating: 5 / 5

    Best Bulgarian university!!

  • Gabriela

    Rating: 5 / 5

    Varna University of Management is the only university that I could get western-style education in English language. That is why I selected it and I do not regret.

  • Lucas Gomez

    Rating: 5 / 5

    My experience with Varna University of Management has been a pleasant one. I have taken classes so far that have peaked my interest and have allowed me to make better business decisions. I have also made a lot of friends and met with great staff who love what they teach.

    Living in Varna has been an adventure. The way of life, the food, the people are so much different than where I come from but everyone is so welcoming.

  • Adel Jordan

    Rating: 5 / 5

    I had the honor of spending a semester at VUM, Bulgaria. It has been an unforgettable experience and one of the best decisions I’ve ever made!

    Everybody has been helpful and kind, so I made many friends. We shared meals, parties, and trips. I felt comfortable all the time and therefore I didn’t miss my home. I met unforgettable people I will miss so much! I hope to cross paths with them again, but just in case I am trying to appreciate each moment together.

  • Linda

    Rating: 5 / 5

    VUM was a perfect choice for me as it gave me the opportunity to study abroad with other international students where the lectures were taught in English by industry professionals and academics.

    Likewise, the price of the course and living expenses in Bulgaria is a fraction of the cost for studies in the US; where I come from.

  • Plamena

    Rating: 5 / 5

    I did my MBA at Varna University of Management and I now work as Sales Director for a real estate company.

    The main reason to choose VUM was that I wanted to avoid the ‘standard’ type of education, to step out of my comfort zone and to build up my knowledge. The time I spent at VUM, I can definitely decsribe as extremely complete and fruitful. Based on that education I have developed the idea of how I would like to position myself on the labor market in the future. The position of Sales Director, that I currently occupy at Home2U Bulgaria implies a wide range of skills, a big part of which I had acquired namely at VUM.

    I recommend VUM to all those who wish to combine the constructive competitive environment and the friendly atmosphere, and who wish to lay the foundations of their desired career development.

  • Hannah

    Rating: 5 / 5

    I am studying Hospitality and Culinary Arts at Varna University of Management currently. I am here because at one point I want to open a restaurant in Bahamas or somewhere else around the world and this school provides me everything I need for that!

  • Yordan

    Rating: 5 / 5

    I am currently a 3rd year student of Software Engineering. I have more than 10 years of experience working as a software developer. I like the program very much, it is up-to-date, it is practical, it helps me to develop my skills further. I also have the opportunity to interact with many professional from the industry.

  • Harry Mishkov

    Rating: 5 / 5

    At that time I liked mostly that VUM was different from the other Bulgarian universities in particular that it offered to me a high-quality, internationally-recognized and practically-oriented degree program of a UK University. I was also enjoying the interaction with many of my colleagues and our lecturers with whom the students had the chance to have a personal contact which is often not the case in other Universities. The fact that I was studying entirely in English a program of a British University closely related to the work position for which I was applying was appreciated by my first employer.

    Without any hesitation I can say that VUM is a very good choice of a University. It provides with knowledge and skills that few other Institutions for Higher Education in the region could offer and in this differentiates its graduates from the other young people who are entering the job market.

  • Elena

    Rating: 5 / 5

    If student wants to spend minimum amount of money, it is possible to live for 400 BGN (~200 EUR) per month. This amount includes cheap accommodation (140 BGN), utilities (20-40 BGN) and everything rest.

    In terms of prices, Bulgaria is quite attractive for me as for a student. In comparison with Finland and other highly developed countries, prices are halved.

    It is possible to get a good meal for 5 BGN. In IUC Restaurant Albena (Dobrich) or in similar cafes and restaurants across Bulgaria.

  • Ayse

    Rating: 5 / 5

    The english level of the teachers is really good and they help you as much as they can… You can get by with Around 200-300 euros per month.

    VUM strives to provide us with all the materials needed in all possible ways. We have access to library in campus and to a digital libraries of partners. All the materials used during the lectures are sent to students so you can use them in your preparations for the exams and just to revise material when you need it.

  • Vladimir

    Rating: 5 / 5

    I would definitely recommend this university to those, who strive to get international experience and real world experience, since VUM provides us with real job placements as internships during whole study. Thanks to these internships student can find professional contacts and their future employer. In addition, there are lots of exchange partners.

    What I like about VUM is it’s flexibility and low power distance. Anyone can reach rector when problems occur. There is always a solution for any kind of problem. Administration helps students even with tuition fees by giving scholarships and special funding for certain cases.

    But I would choose only certain person to invite to my study program. It is still forming and supposes strong interest in the area. Otherwise, person could get into a situation when they are not able to keep up with the level of the rest in a group.
    I would not recommend this place to those, who are afraid of change and of constant development, flexibility.

  • Employee

    Rating: 5 / 5

    I have worked for Varna University of Management  full-time for more than 3 years. I liked the international environment, usually between 30 and 50 nationalities are around, great team, skilled and intelligent, very good management. It is a great place to learn a lot of new, useful things.

  • સાફ જીવન્જી

    Rating: 5 / 5

    VUM is a great place to learn and grow! My MBA from Varna University of Management completely changed my professional career.

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