MBA in Serbia

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MBA ( Economics )

Course Level: Master's
Course Duration: 2 Years
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Why Study MBA (Master of Business Administration) in Serbia

1. Quality Education: Serbian universities offer MBA programs that are designed to provide a strong foundation in business management, leadership, and entrepreneurship. Many universities have collaborations with international institutions, ensuring high-quality education.

2. Affordable Tuition: Compared to many Western European countries, the cost of tuition for MBA programs in Serbia can be relatively affordable, making it an attractive option for international students.

3. Diverse Culture: Studying in Serbia allows you to experience a rich cultural heritage and interact with students from various backgrounds, enhancing your global perspective and cross-cultural communication skills.

4. Strategic Location: Serbia's geographical location in the heart of the Balkans provides access to markets in Eastern and Western Europe, making it a strategic choice for studying business and understanding market dynamics in the region.

5. Networking Opportunities: MBA programs often include networking events, guest lectures, and workshops that can connect you with industry professionals, potential employers, and fellow students, fostering valuable relationships.

6. Career Opportunities: An MBA can open doors to a wide range of career opportunities in various industries, including finance, consulting, marketing, and more. Serbia's growing economy offers potential job prospects.

7. Entrepreneurial Environment: If you're interested in entrepreneurship, Serbia's emerging startup ecosystem and supportive environment for business innovation can provide a platform for launching your own ventures.

8. Language Options: While some MBA programs in Serbia are taught in Serbian, many are offered in English, allowing international students to pursue their studies without language barriers.

9. International Recognition: Many Serbian universities have international accreditation and partnerships with institutions around the world, ensuring that your degree is recognized globally.

10. Personal Growth: Studying abroad challenges you to adapt to new environments, cultures, and ways of thinking, fostering personal growth, resilience, and adaptability.

MBA (Master of Business Administration) Specializations in Serbia


MBA Specializations

Course Duration

University of Belgrade

- General Management - Marketing

1.5 - 2 years

University of Novi Sad

- Strategic Management - Finance

1 - 2 years

Singidunum University

- International Business - HRM

1 - 2 years

Belgrade Business School

- Entrepreneurship - IT Management

1.5 - 2 years

Educons University

- Marketing Management - Finance

1 - 1.5 years

University of Kragujevac

- Business Administration

2 years

Admission Intake for MBA (Master of Business Administration) in Serbia

1. Fall Intake: The main intake for MBA programs in Serbia typically starts in the fall semester, which usually begins in September or October. This is the most common intake, and application deadlines for fall intake are often in the months leading up to the start of the semester.

2. Spring Intake: Some universities might also offer a spring intake for MBA programs, which starts in the spring semester, usually in February or March. The application deadlines for the spring intake are generally in the months preceding the start of the semester.

Top 10 Universities in Serbia for MBA (Master of Business Administration


MBA Specializations

University of Belgrade

General Management, Marketing

University of Novi Sad

Strategic Management, Finance

Singidunum University

International Business, HRM

Belgrade Business School

Entrepreneurship, IT Management

Educons University

Marketing Management, Finance

University of Kragujevac

Business Administration

University of Niš

Strategic Management, Marketing

University of Arts

Cultural Management, Event Management

Union University

Business and Entrepreneurship

Megatrend University

International Business, Finance

Tuition Fees for MBA (Master of Business Administration) in Serbia

1. For International Students: Tuition fees for international students pursuing an MBA in Serbia can range from approximately 3,000 to 10,000 euros per academic year. Some programs at prestigious universities might have higher fees.

2. For Domestic Students: Tuition fees for domestic students are usually lower than those for international students and can range from around 1,000 to 3,000 euros per academic year.

Cost of Studying MBA (Master of Business Administration) in Serbia

Expense Category

Estimated Cost Range (per year)

Tuition Fees

3,000 - 10,000 EUR


1,200 - 4,800 EUR


1,200 - 2,400 EUR


240 - 600 EUR

Health Insurance

300 - 600 EUR

Study Materials

100 - 300 EUR

Personal Expenses

600 - 1,200 EUR


300 - 600 EUR


300 - 600 EUR

Total Estimated Cost

7,040 - 21,700 EUR

Eligibility for doing MBA (Master of Business Administration) in Serbia

1. Educational Background: Typically, you would need to have a bachelor's degree from a recognized university or institution. The field of your bachelor's degree might not necessarily need to be related to business, but some programs might prefer candidates with a background in business, economics, or related fields.

2. Work Experience: Many MBA programs, especially those designed for working professionals, might require a certain amount of work experience. This can vary but might range from around 2 to 5 years of relevant work experience.

3. Language Proficiency: Since many MBA programs in Serbia are taught in English, you might need to provide proof of English language proficiency through tests like IELTS or TOEFL. Some programs might also accept other language proficiency tests.

4. Entrance Exam: Some universities might require you to take an entrance exam as part of the admission process. The exam might test your quantitative, verbal, and analytical skills.

5. Letters of Recommendation: Many MBA programs request letters of recommendation from academic or professional references who can speak to your qualifications and potential for success in the program.

6. Statement of Purpose (SOP): A statement of purpose outlining your motivation for pursuing the MBA, your career goals, and how the program aligns with your aspirations.

7. Interview: Some programs might require an interview as part of the admission process to assess your fit for the program.

Documents Required for MBA (Master of Business Administration) in Serbia

1. Application Form: Complete the university's online application form or use the application portal provided.

2. Bachelor's Degree Certificate: A copy of your bachelor's degree certificate or a provisional certificate if you're in the final year of your bachelor's program.

3. Transcripts: Official transcripts of your academic records from your previous educational institutions.

4. Language Proficiency: Proof of language proficiency, such as IELTS or TOEFL scores, if the program is taught in English. For programs taught in Serbian, you might need to provide proof of proficiency in Serbian.

5. Curriculum Vitae (CV): A comprehensive CV detailing your educational background, work experience, achievements, and any relevant extracurricular activities.

6. Letters of Recommendation: Typically two or three letters of recommendation from professors, mentors, or employers who can attest to your academic and personal qualities.

7. Statement of Purpose (SOP): A written statement outlining your motivations for pursuing the MBA program, your academic interests, and your career goals.

8. Entrance Exam Results (if applicable): If the program requires an entrance exam, provide the results or proof of passing the exam.

9. Passport Copy: A copy of your valid passport.

10. Passport-Sized Photos: Usually, a few passport-sized photos are required for official documents.

11. Application Fee: Some universities may require an application fee to process your application.

12. Work Experience: If required, documents providing proof of your work experience, such as recommendation letters or employment certificates.

13. Other Documents (if required): Some programs might have specific requirements such as a research proposal, writing samples, or additional forms.

Scholarships for MBA (Master of Business Administration) in Serbia

1. University Scholarships: Many universities in Serbia offer scholarships to both domestic and international students based on academic merit, financial need, or a combination of both. Check the official websites of the universities you're interested in to find information about their scholarship opportunities for MBA programs.

2. Government Scholarships: Some countries offer government scholarships to their citizens who wish to pursue higher education abroad. Check with your home country's government or embassy for information on available scholarships.

3. External Scholarships: Organizations, foundations, and international agencies may offer scholarships for students pursuing MBA programs in Serbia. Some examples include the Fulbright Program, Erasmus Mundus scholarships, and various private foundations.

4. Industry-Specific Scholarships: Some industries or business associations might offer scholarships to students pursuing MBA programs related to their field. These could be based on future career prospects in that industry.

5. Corporate Scholarships: Some companies provide scholarships to students in exchange for a commitment to work with them after completing their MBA. These are often designed to attract and retain talented individuals.

6. Non-Profit Organizations: Certain non-profit organizations focus on supporting education and might offer scholarships to MBA students who align with their mission.

7. Bilateral Agreements: If there are bilateral agreements between Serbia and your home country, they might include provisions for scholarships or educational exchanges.

8. Student Loans: While not scholarships, some financial institutions might offer student loans specifically designed for education-related expenses.

Jobs and Salary after MBA (Master of Business Administration) in Serbia

1. Business Manager/General Manager: Business managers or general managers oversee overall operations of a company or business unit, making strategic decisions and managing teams.

2. Marketing Manager: Marketing managers develop and implement marketing strategies, conduct market research, and oversee promotional campaigns.

3. Financial Analyst/Manager: Financial analysts or managers work on financial planning, budgeting, investment analysis, and management of financial resources.

4. Human Resources Manager: HR managers handle employee recruitment, training, performance management, and other human resources functions.

5. Operations Manager: Operations managers optimize business processes, manage supply chains, and ensure efficient production and service delivery.

6. Project Manager: Project managers lead and coordinate projects, ensuring that they are completed on time, within budget, and meeting objectives.

7. Management Consultant: Management consultants provide expert advice to companies on various business challenges, helping them improve operations and efficiency.

8. Entrepreneur/Startup Founder: With an MBA, you can start your own business or venture, applying your management skills to create and manage a new enterprise.

9. Supply Chain Manager: Supply chain managers oversee the flow of goods, services, and information from suppliers to consumers, optimizing efficiency.

10. Business Development Manager: Business development managers identify growth opportunities, develop partnerships, and expand the company's reach.

Salary Ranges: Salaries in Serbia can vary based on factors such as experience, specialization, location, the size of the company, and the industry. Here are approximate monthly salary ranges in Serbian dinars (RSD):

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