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Business Administration and MBA in Bulgaria in English: Bachelor's From €2,700 and MBAs From €3,200

A business bachelor's or master's in Bulgaria costs less than in most of the EU. The University of Economics – Varna charges €2,700 a year for a bachelor's and €3,200 for a master's; VUM's double-degree MBA costs €1,650 a semester; AUBG's Executive MBA is in another price class.

Leonid Kurza, founder of Edumapple

Written by Leonid Kurza, founder of Edumapple
Updated 23 October 2026 · how we check facts

Programmes and fees

ProgrammeUniversityDegreeDurationTuition per year
Business and ManagementUE VarnaBachelor's4 years₹2.9 lakh
€2,700
Economics and business bachelor's in EnglishUNWEBachelor's4 years₹4 lakh
€3,800
Business AdministrationUE VarnaMaster's1.5 years₹3.4 lakh
€3,200
MBA (double British-Bulgarian degree)VUMMaster's1 year₹3.5 lakh
€3,300
Climate Change and ManagementSofia UniversityMaster's—₹4.1 lakh
€3,850
Executive MBAAUBGMaster's—₹20 lakh
€19,100

€1 = ₹106.27 (European Central Bank reference rate (EUR/INR 106.272); Bulgaria uses the euro since 1 January 2026, 23 October 2026)

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Three routes

  • Public economics university: UNWE in Sofia or the University of Economics in Varna. The lowest fee and a Bulgarian state degree.
  • Private with a British partner: VUM, three-year bachelor's and a one-and-a-half-year MBA, with a double degree.
  • American model: AUBG in Blagoevgrad for a bachelor's in business administration with aid, or its Executive MBA in Sofia for working managers.

Questions about Business administration in Bulgaria

What is the cheapest MBA in Bulgaria?

VUM's MBA, at about €4,950 for three semesters, and the University of Economics – Varna's Business Administration master's, at €1,600 a semester.

Is an MBA from Bulgaria valid in India?

It is an EU master's. For private-sector jobs, the employer decides; for government jobs or a PhD, you may need an AIU equivalence certificate.

Do I need work experience for an MBA in Bulgaria?

Usually not for the regular master's at public universities. Executive MBAs, such as AUBG's, expect several years of work.

Where these facts come from