Varna University of Management (VUM) is one of the private universities in Bulgaria most often searched by students interested in business degrees, MBA programs, tuition fees, and international study options in English. Many applicants also specifically look for VUM Sofia, the university’s Sofia-based campus. This guide explains what VUM offers, how much it costs, what the admission process looks like, and why the university is often considered by international students looking for business education in Bulgaria.
Varna University of Management (VUM) is a private university in Bulgaria focused on business, management, hospitality, and related international degree programs. It has a main campus in Varna and additional campuses in Dobrich and Sofia, offers English-taught programs, and maintains international partnerships including one with Cardiff Metropolitan University.
Varna University of Management (VUM) is a private university in Bulgaria with a strong international profile and a focus on business, management, hospitality, and entrepreneurship. Founded in 1992, VUM welcomes students from different countries and offers English-taught programmes through its campuses in Varna, Dobrich, and Sofia. This is why many applicants search for both “Varna University of Management” and “VUM Sofia” when comparing study options in Bulgaria.
Sofia, Bulgaria
Business Administration
From €1,500/semester for EU/EEA students; from €1,950/semester for non-EU/EEA students
Not Available
Yes
€850/month
Varna University of Management offers English-taught business-oriented programs at Bachelor’s and Master’s level, with strong emphasis on international career preparation. The current official materials highlight programs such as Bachelor’s degrees, MBA, and specialized Master’s options, with some programs connected to international degree pathways and partnerships.
The International Business and Management program at VUM is accredited by the Bulgarian National Evaluation and Accreditation Agency and Cardiff Metropolitan University, UK. It is offered in Dobrich and Varna, with English as the language of instruction. Upon graduation, students receive two Bachelor’s degrees—one Bulgarian and one British. The program prepares students for global business environments, focusing on management, marketing, and finance. Graduates are equipped with the skills necessary for strategic management, international business planning, HR, and brand management. The curriculum ensures students meet the demands of the rapidly evolving global market.
This program leads to a British BSc (Hons) in Banking and Finance and a Bulgarian BA in International Finance & Trade. It is designed for students aiming for careers in banking, investment, consulting, accounting, and auditing. The curriculum covers risk management, financial markets, corporate finance, and international trade. Students develop strong analytical skills for effective financial decision-making. Many graduates secure positions at top financial institutions such as KPMG, PwC, UniCredit Bulbank, and Raiffeisen Bank. The program provides practical knowledge and industry connections, ensuring excellent career prospects.
The MBA program at VUM awards a Cardiff Metropolitan University, UK degree, with an option for a second Master’s degree from VUM. It spans three semesters for the British degree and one additional semester for the Bulgarian degree. The program is company-focused, incorporating cross-cultural and international business perspectives. Students develop expertise in management techniques, decision-making, and problem-solving. Graduates gain the ability to analyze complex business issues and adapt to evolving global markets. The program enhances confidence, leadership skills, and career opportunities in top management roles.
Sofia offers a dynamic and diverse student experience, making it an exciting place to live while studying at VUM Sofia. The city is home to numerous green parks, ideal for jogging, biking, or simply relaxing outdoors. Just 15 minutes from the university, Vitosha Mountain provides breathtaking hiking trails, offering students the perfect getaway into nature.
For those who enjoy socializing, Sofia’s international dining scene offers a wide selection of restaurants catering to different tastes. Modern shopping malls like Paradise Mall and The Mall are popular gathering spots for students to shop, dine, and relax. Additionally, Sofia has various sports facilities across the city, allowing students to stay active and connect with like-minded individuals through fitness and recreational activities.
If you are interested in the Varna University of Management tuition fees, Bachelor’s programmes are listed at €1,500 per semester for EU/EEA citizens and €1,950 per semester for non-EU/EEA citizens.
The MBA programme is listed at €1,500 per semester for EU/EEA citizens and €2,400 per semester for non-EU/EEA citizens for semesters 1, 2, and 3, with an optional 4th semester at €900, depending on the applicant’s undergraduate education profile.
There’s also an non-refundable application fee of €120 for EU/EEA citizens and €150 for non-EU/EEA citizens, plus a student status fee of €100 per semester for EU/EEA students and €450 per semester for non-EU/EEA students
| Fee type | EU / EEA | Non-EU / EEA |
|---|---|---|
| Bachelor’s tuition | €1,500 / semester | €1,950 / semester |
| MBA tuition (first 3 semesters) | €1,500 / semester | €2,400 / semester |
| MBA optional 4th semester | €900 | €900 |
| Application fee | €120 | €150 |
For the 2026-2027 academic year, Bachelor’s tuition is €1,500 per semester for EU/EEA students and €1,950 per semester for non-EU/EEA students. MBA tuition for semesters 1, 2, and 3 is €1,500 per semester for EU/EEA students and €2,400 per semester for non-EU/EEA students.
The tuition fee for VUM is is €3,000 to €3,900 per year.
Tuition fees are paid in two installments— the first installment of 50% is due in September and the second is paid at the beginning of February each year.
Compared to many other countries, studying Business administration Bulgaria is an affordable option, offering high-quality education at a lower cost.
Living expenses for Sofia, Bulgaria varies depending on the amount of money that each person requires per month
Usually one Student needs between 500 up to €800 per month including transportation costs, food expenses, restaurants etc.
Varna University of Management (VUM) has established a growing presence in international rankings, particularly in the fields of business and management. The university is featured in regional and subject-specific rankings, reflecting its focus on globally relevant education and academic quality.
One of its most notable recognitions is its MBA programme, which was ranked among the Top 4 in Eastern Europe by Eduniversal in 2024. In addition, VUM has been included in broader regional ranking contexts, further supporting its international visibility and reputation among higher education institutions in Europe.
Admission to Varna University of Management depends on the degree level, student status, and program. In general, applicants should expect to submit academic documents, identity documents, and supporting admissions paperwork according to the university’s official applicant guides. For international applicants, document preparation and administrative requirements are especially important.
At iGeneration, we provide expert support throughout the entire application process, ensuring that all requirements are met smoothly for a successful admission. If you need assistance, feel free to contact our admissions team—we’re here to help!
Applying to Varna University of Management is usually much easier than applying to a medical university, but that does not mean students never make mistakes. International applicants often need help with document preparation, translations, applicant status questions, and choosing the right programme and campus option.
At iGeneration, we help students understand the process step by step, prepare the required documents, and avoid common admission issues. If you are not sure whether VUM Sofia or another Bulgarian university is the better fit for your goals, we can guide you through the options.
The entrance test is carried out at the university itself. There, our students who currently study at the faculty will meet you. They will support you and advise you on the best practices for success while studying Business administration abroad at Varna University of Management (VUM) Sofia.
Contact us now and learn about all the ways we can make your admission easier.
Applicants must submit the following documents to apply for Business administration programs in Bulgaria:
All documents, including the diploma, transcript must be translated to Bulgarian language and legalised according to official regulations.
Additional Requirements
Following these guidelines ensures a smooth application process and compliance with university requirements.
For all prospect students who wants to study Business administration – there is an online entrance test.
The test is done online, so there is the NO need for each candidate to be physically in Bulgaria. Each student can do the online entry test for Varna University of Management (VUM) Sofia from all around the world as long as there is stable Wi-Fi connection.
The online entrance test for Varna University of Management (VUM) Sofia is in English language.
There is no need for English certificate because English is part of the online entrance test.
The certificate that each student receives after he successfully graduates New Bulgarian University is internationally recognised so there is no need for any further examinations. Each student can continue working all around the world.
The entire medical course at New Bulgarian University is taught in English. There is no requirement or need to study Bulgarian language.
Transfers to Varna University of Management may be possible depending on your current programme, completed coursework, and credit recognition. Because transfer eligibility depends on case-by-case evaluation, students should not assume automatic acceptance and should first check whether their academic background matches the target VUM programme.
Our team provides expert guidance on credit recognition, required documentation, and administrative procedures, ensuring a seamless transition into your new academic journey. If you’re considering a transfer, we’re here to make the process smooth and stress-free.
The Varna University of Management has been accredited by the National Evaluation and Accreditation Agency.
Students at Varna University of Management have the option to stay at the university hotel, located near the campus at George Washington str. 20. The rent includes all utility bills, providing a convenient and hassle-free living arrangement. Additionally, parents of enrolled students can also book a room when visiting.
Many students prefer to rent private or shared accommodation in Sofia, where rent typically ranges between 250 and 400 EUR per month, depending on factors such as location, apartment size, and number of tenants. Bills are usually not included in the rent.
To ensure a smooth rental experience, we recommend finding an English-speaking landlord for easy communication. As part of our services, we assist students with apartment hunting, helping them find suitable accommodation during their stay in Sofia.
Varna University of Management (VUM) Sofia offers a diverse and international learning environment, attracting students from various backgrounds. With programs available in multiple languages and participation in the Erasmus+ exchange program, students gain access to global education opportunities while studying in Bulgaria.
Life at VUM Sofia is dynamic, with student organizations, networking events, and extracurricular activities that foster both professional and personal growth. The university places a strong emphasis on practical learning, offering internships and real-world experiences that enhance students’ career prospects.
Sofia provides an affordable and vibrant lifestyle, blending historic landmarks, cultural hotspots, and stunning natural landscapes. Just 15 minutes from the university, Vitosha Mountain offers hiking trails and winter sports, making it a perfect escape for outdoor enthusiasts.
The city’s efficient transportation system connects students to all parts of Bulgaria, from traditional villages and the Black Sea coast to mountain resorts. Additionally, Sofia Airport, the largest in Bulgaria, ensures easy international travel.
Compared to Western Europe, Sofia is a budget-friendly destination for students:
Sofia offers a variety of recreational activities for students. The city has numerous parks for biking and outdoor sports, while Paradise Mall and The Mall provide shopping, dining, and entertainment. With gyms, sports centers, and cultural venues across the city, students at VUM Sofia enjoy an active and engaging lifestyle, making their university years both enriching and enjoyable.
Varna University of Management (VUM) Sofia is located in the heart of the city, providing easy access to students from all districts. Here’s how you can reach the university and other useful information:
For a quicker and more convenient ride, taxis are widely available across the city. To avoid pricing issues, it is recommended to book a taxi by phone or through a mobile app. Some reliable taxi companies in Sofia include:
Always ensure the taxi driver uses a taximeter to avoid overcharging.
For more details about faculties, study programs, and admission requirements, visit the university’s official website.
Sofia offers a diverse shopping experience, catering to every taste and budget. Whether you’re seeking international brands, unique local finds, or simply a pleasant stroll through vibrant streets, Sofia has something to offer.
Malls: A Shopper’s Paradise
Malls are a popular choice for shopping in Sofia, providing a wide array of stores, dining options, and entertainment under one roof. Here are some of the notable malls:
Shopping Streets and Centers: A Taste of Local Flair
In addition to malls, Sofia has several shopping streets and centers where you can discover unique boutiques and local shops:
Chain Stores: Familiar Favorites
Many international and Bulgarian chain stores have a presence in Sofia, offering a wide variety of products:
Beyond the Usual:
Sofia also offers unique shopping experiences beyond the typical malls and chain stores. You can explore souvenir markets, antique shops, and stores selling handcrafted goods.
Enjoy your shopping experience in Sofia!
Sofia offers a diverse range of entertainment options, catering to every taste and interest. From historical landmarks and cultural events to a lively nightlife and opportunities for outdoor recreation, there’s always something to do in Sofia.
Cultural Landmarks: A Journey Through Time
Sofia is a city with a rich history and culture, reflected in its many landmarks worth visiting:
Theaters and Concert Halls: A Feast for the Arts
Sofia has numerous theaters and concert halls where you can enjoy various performances and concerts:
Cinemas: Catching the Latest Blockbusters
Sofia has many cinemas where you can watch the latest movies:
Nightlife: When the Sun Goes Down
Sofia offers a vibrant nightlife with numerous bars, clubs, and discos:
Outdoor Recreation: Embracing Nature’s Beauty
Sofia is surrounded by beautiful nature, offering opportunities for recreation and walks:
Other Entertainment Options: Exploring Further
In addition to the above, Sofia has many other entertainment options, such as:
Sofia offers a diverse and dynamic dining and nightlife scene that can satisfy even the most discerning palates. From traditional Bulgarian restaurants to modern establishments serving international cuisine, and from cozy bars to bustling discos, Sofia has something for everyone.
Restaurants:
Sofia has a wide selection of restaurants offering various types of cuisine:
Bars:
Sofia offers a variety of bars where you can enjoy different types of drinks:
Clubs and Discos:
Sofia offers a vibrant nightlife with many clubs and discos where you can dance and have fun:
Varna University of Management (VUM) is a private university in Bulgaria offering English-taught programmes in areas such as business, management, finance, and hospitality. It has a main campus in Varna and additional campuses in Dobrich and Sofia.
VUM Sofia is a Sofia-based campus of Varna University of Management. The university’s main campus is in Varna, but VUM also operates in Dobrich and Sofia.
Officially published tuition depends on the programme and student status. Bachelor’s tuition is listed at
€1,500 per semester for EU/EEA students and €1,950 per semester for non-EU/EEA students. MBA tuition is listed at
€1,500 per semester for EU/EEA students and €2,400 per semester for non-EU/EEA students for the main programme
structure.
Yes. VUM has a dedicated Erasmus+ structure and promotes student mobility and international exchange opportunities.
VUM highlights several international recognition points, including business-school and regional ranking references. Students should use rankings as one evaluation factor alongside accreditation, tuition, mobility options, and programme fit.
Questions about studying in Bulgaria or your application? Our team is ready to help.
