Romania, located in Southeast Europe, became a member of the European Union on January 1, 2007. The country has a broad higher education system, and universities offer programs in several languages, including Romanian, English, French, German, and Hungarian.
Romania is a popular destination for international students for several reasons, including comparatively affordable tuition and living costs, part-time work opportunities, and access to modern digital infrastructure. Its higher education system is divided into three cycles: bachelor’s, master’s, and doctoral. Bachelor’s programs usually last three to four years, master’s programs last one to two years, and doctoral programs usually last three to five years. Business programs typically follow the Bologna structure, with three-year bachelor’s programs, master’s programs of one to two years, and doctoral programs of at least three 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
The Bucharest University of Economic Studies, also known as ASE, is a leading Romanian institution for economics, business, and public administration. It was established by Royal Decree in 1913 as the Academy of Higher Commercial and Industrial Studies. ASE offers programs at the bachelor’s, master’s, and doctoral levels, including business-related study options in foreign languages.
Bucharest Business School, part of ASE, was established in 2014 as the university’s post-experience business school. Its current MBA portfolio includes the ROCA Executive MBA, also known as the Romanian-Canadian MBA; the INDE MBA, also known as the Romanian-French MBA; the Energy MBA; the Business Intelligence MBA; the Creative MBA; and the Education MBA. The school also highlights international exposure through its MBA programs and partnerships.
2. University of Bucharest
The University of Bucharest was founded in 1864, with roots in earlier higher education structures dating back to 1694. Its Faculty of Business and Administration was created in 2004 as the university’s 19th faculty and has continued to develop programs aligned with modern standards in business, administration, and marketing.
The Faculty of Business and Administration is among the notable business schools in Romania. It offers study directions in Public Administration, Business Administration, and Marketing, including Business Administration in Romanian and English. The faculty currently lists 15 master’s programs, four of which are taught in English. It also participates in Erasmus+ exchanges and welcomes professors and specialists from partner institutions, giving students opportunities to experience different cultures and business perspectives.
3. ASEBUSS Business School
ASEBUSS is a Romanian-American business school founded in 1993 with support from the US Agency for International Development. It launched the first Romanian-American Executive MBA in Romania in partnership with the University of Washington, Seattle, and later developed partnerships with Kennesaw State University, Washburn University, and Georgia State University’s Robinson College of Business. ASEBUSS is a member of AACSB and the Executive MBA Council and is nationally authorized and accredited through ARACIS.
ASEBUSS currently promotes two accredited MBA programs: the Romanian-American Executive MBA and the Entrepreneurial MBA. The Executive MBA is organized in a hybrid format and is offered in partnership with Georgia State University’s Robinson College of Business. The Entrepreneurial MBA is also offered in a hybrid format and is designed for professionals who want to develop an entrepreneurial mindset or prepare new business projects.
The Executive MBA is a two-year program with tuition of €10,500 per academic year, while the Entrepreneurial MBA costs €11,500 for the full program. Both programs also list a 500 lei evaluation fee.
4. Babes-Bolyai University
The Faculty of Economics and Business Administration, also known as FSEGA, has been part of Babeș-Bolyai University since 1961, and its roots in higher economic education in Cluj trace back to 1878. FSEGA describes itself as the largest faculty of UBB and of any Romanian university, with about 8,600 students in the 2023-2024 academic year. Recent international subject rankings also place UBB among Romania’s leading institutions in business and economics.
Its English-taught bachelor’s programs include Accounting and Management Information Systems, Finance and Banking, International Business and Economics, and Management. English-taught master’s programs include Accounting and Organizations, Business Modeling and Distributed Computing, Entrepreneurship and Business Administration, Health Economics, and International Business Management.
Fees differ for Romanian/EU/EEA/Swiss students and students from outside the EU/EEA/Swiss Confederation. UBB publishes separate annual fee tables for these categories, so applicants should check the latest official fee schedule before applying.
5. Alexandru Ioan Cuza University
Alexandru Ioan Cuza University of Iași was founded in 1860 as the University of Iași. The Faculty of Economics was established in 1962 by Order of the Ministry of Education no. 575/1962, and in the 1998-1999 academic year it adopted the name Faculty of Economics and Business Administration. Today, the faculty is one of the important sources of economics and business graduates in Romania.
The faculty offers programs across all three Bologna cycles: bachelor’s, master’s, and doctoral studies. Its English-taught undergraduate option includes Business Administration. English-taught master’s options include Finance and Risk Management, Software Development and Business Information Systems, and Strategic Human Resource Management in Europe. Program availability can change by intake, so applicants should check the current FEAA and UAIC admission pages before applying.
For 2026/2027, UAIC’s published fee information lists Economics and Business Administration full-degree tuition for non-EU students at €3,500 per year for bachelor’s studies, €4,000 per year for master’s studies, and €4,000 per year for doctoral studies. English-taught and international-student fees can differ from Romanian-taught or EU fees, so applicants should confirm the current fee table before applying.
Hopefully, this guide on Romania’s best business schools was insightful. Make sure to also check out the Available Business Programs for International Students!
