Romania, located in Southeast Europe, became a member of the European Union in 2007. The country has an advanced educational system, and its higher education programs are sought after by students from all over the world. Programs are available in a variety of languages, including English, French, German, Romanian, and Hungarian.

Romania is a popular destination for international students for a variety of reasons, including its low cost of living, low tuition fees, part-time employment opportunities, and access to the world’s third-fastest internet connection. Its higher education system is divided into three cycles: bachelor’s, master’s, and doctoral. The first cycle of business programs lasts three years, the master’s cycle one to two years, and the doctoral cycle three to four years. For Business programs, the first cycle lasts for 3 years, Master’s for 1 – 2 years, and Ph.D. for 3 – 4 years.

There are many top universities you can find in Romania, but the following are some of the best business schools in the country!

Top Business Schools in Romania

1. Bucharest University of Economic Studies

  • Study Program
  • Degree/s Offered: Bachelor’s, Master’s, Ph.D.

The Bucharest University of Economic Studies has a well-established undergraduate program that ranks first in Romania. Established by Royal Decree in the 1900s, its competence and quality education has been evaluated by several organizations, including the Romanian Agency for Quality Assurance in Higher Education (ARACIS), the European Foundation for Quality Management (EFQM), and the European University Association (EUA). The EUA designated the university as a research-intensive university,’ with the university participating in international and national research projects.

The University began offering graduate studies in 2000, which led to the establishment of the Bucharest Business School, which is the collective department for graduate studies, in 2014. A variety of Master’s majors are available in English and other languages. In collaboration with universities in France, Norway, and the Netherlands, double degree Master’s programs are also available. International MBA programs, such as the Romanian-Canadian MBA and the Romanian-French INDE MBA, are also available.

2. University of Bucharest

Since its establishment in 1697, the University of Bucharest has undergone numerous educational reformations that have assisted the university in adapting to modern standards and structures. The Faculty of Business and Administration is among the top business institutions in Romania and was established in 2004 as the university’s 19th faculty. The Ministry of Higher Education also recognized it for its quality and excellence in research and education.

The Faculty of Business Administration is among the best business school in Romania and offers several programs, including business administration at the undergraduate level and two of 11 Master’s level programs taught in English. The Faculty participates in exchange programs with other European universities, welcoming professors from different countries each year to share their perspectives and ideas on the industry. This is also available to students, allowing them to immerse themselves in different cultures and business perspectives with participating countries.

3. ASEBUSS Business School

ASEBUSS is a Romanian-American business school founded in 1993 and funded by the US Agency for International Development. In collaboration with the University of Washington, it was the first business school in the country to offer an executive MBA. Since then, international collaborations have been formed. The business school, which is accredited by AACSB (Association to Advance Collegiate School of Business), continues to provide quality education to its students. With this, the ASEBUSS – Institute for Business Administration is among the best business schools in Romania.

Its Executive MBA was ranked 7th in the world and its curriculum ranked first for applicability in the field. Established in partnership with Kennesaw State University, the integration of both local and global business perspectives is discussed in its halls. The entrepreneurial MBA was created to help professionals who want to prepare for the launch of their own business or company. the collaboration with Washburn University helps to provide an international perspective to its students by providing strategies and ideas of global caliber.

The executive MBA is a two-year program that costs US$10,300 per year, while the entrepreneurial MBA is a one-year program that costs US$12,000 in total.

4. Babes-Bolyai University

The Faculty of Economics and Business Administration is one of the country’s oldest business schools. It was also named the best Romanian higher education institution in economics and business, and it has the largest student population of any Romanian business school. Various respected international publications have consistently named Babes-Bolyai University the best business school in Romania.

Its undergraduate programs are mostly taught in Romanian and Hungarian, with a few programs taught in English, including Accounting and Management Information Systems, Finance and Banking, and Management. Master’s programs are taught primarily in Romanian and Hungarian. Master’s degrees in Accounting and Organization, Business Modeling and Distributed Computing, Entrepreneurship and Business Administration, and International Business Management are among the English programs available.

Fees differ between EU/Swiss students and those from outside the European Union. EU/Swiss students pay US$675 per year for undergraduate programs, while non-UE students pay US$3,100 per year for Master’s programs.

5. Alexandru Ioan Cuza University

  • Study Program
  • Degree/s Offered: Bachelor’s, Master’s, Ph.D.

The Faculty of Economics was founded in 1860 on the initiative of Romanian leader Alexandru Ioan Cuza. The Faculty of Economics and Business Administration was established in 1999 to better accommodate its programs and adhere to Western standards. It has one of the largest faculty populations in Romania, both in terms of the student population and teaching staff, and is regarded as a valuable resource in the industry’s workforce.

The Faculty offers several programs throughout the higher education cycle, but only a few are taught in English. Undergraduate English-taught programs include Business Administration, Economics, and Finance, and Master’s programs in Finance and Risk Management, Software Development and Business Information Systems, Marketing Management, and Strategic Human Resource Management in Europe. The Erasmus+ program is becoming more popular among its students, with more students interested in exchange programs and international experience.

Tuition for undergraduate programs averages US$700 per year, and tuition for master’s programs averages US$800 per year. English-taught programs are more expensive.


Hopefully, this guide on Romania’s best business schools was insightful. Make sure to also check out the Available Business Programs for International Students!

About the Author: Hyun Lee

Hi! I am Hyun, and I am the founder at Global Scholarships. I've received a full-tuition scholarship at Birmingham-Southern College and a $1,000 Burger King Scholarship for my undergraduate degree and was offered a fully funded scholarship consisting of tuition, living stipend, and health insurance for computer science Ph.D. program at North Carolina State University. You can read more about my scholarship journey here. If you are interested, you can follow me on Linkedin where I regularly write about scholarship opportunities.

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