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Varna University of Management

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Varna University of Management –  (VUM)Sofia
About the Varna University of Management
Study programs & Courses 
Varna University of Management Tuition Fees
Admission & Entry Requirements
Student life & Living costs
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Varna University of Management – Sofia
About the Varna University of Management
Study programs & Courses 
Varna University of Management Tuition Fees
Admission & Entry Requirements
Student life & Living costs
University of Finance Business and Entrepreneurship 2

About Varna University of Management -  (VUM)

Founded in 1992 in Sofia, Varna University of Management (VUM) began by offering British-based education. That same year, the International College - Albena was established through a collaboration with the Maastricht Hotel School. In 1999, it was renamed International University College (IUC) Dobrich, and in 2015, it officially became VUM.

Alumni and Career Opportunities

Since 2010, students have been able to obtain Bulgarian diplomas alongside their international degrees. VUM graduates work at leading companies like Raiffeisen Bank, Unicredit, Nestlé, Oracle, KPMG, Deloitte, IBM, Allianz, Toyota, and Hilton, as well as international institutions such as the World Bank and the Bank of Scotland. Many continue their education at prestigious universities, including the London School of Economics and the University of Manchester.

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Location

Sofia, Bulgaria

Courses

Business Administration

Tution

€3500

Graduate Entry

Not Available

Entrance Exam

Yes

Living Cost

€850/month

Courses Offered at Varna University of Management

BA (Hons) International Business Management

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.

BSc (Hons) Banking and Finance

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.

Master of Business Administration (MBA)

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.

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Extracurricular and Leisure Activities

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.

Varna University of Management Tuition Fees

Upon successful completion of the MBA program at VUM Sofia, graduates receive two degrees—a British degree from Cardiff Metropolitan University and a Bulgarian Master’s degree. This program is one of the most cost-effective MBA options, offering high-quality education at an affordable tuition fee.

For the 2017-2018 academic year, the total tuition fee is 3.500 EUR, covering the entire program. The fee is payable in three equal installments, with payments due before each semester, making it a flexible and accessible option for students.

The tuition fee for VUM for Business administration in English language is €2000.

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.

  1. University dormitories which cost around €100 per month. For this price you will receive one bed in a double room, so you’ll need to share the room with another roommate from the same sex. Food will not be covered and you will need to cook alone in a shared kitchen.
  2. You can rent a private apartment in Sofia. The rental prices varies between €300 up to €500 per month depending the size of the apartment the level of furniture and the location of the apartment. Of course, our agencies going to take full care of your accommodation so please do not worry about this.

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 Admission & Entry Requirements

If you wish to apply to Varna University of Management (VUM) Sofia, you will need to complete an application form, submit the required documents, and, depending on your chosen program, possibly pass an entrance exam.

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!

The iGeneration Process

iGenaration step guide 1200 1
iGenaration step guide 1

Applying to Varna University of Management (VUM) Sofia requires completing various application requirements, including document translation, notarization, and legalization. Missing any of these steps can result in application rejection.

Our team of admissions specialists, highly regarded across Europe, is here to simplify the process, ensuring that all legal and administrative requirements are met correctly. With extensive knowledge of VUM’s admission procedures, we help maximize your chances of acceptance at this prestigious institution.

We also provide high-quality study materials and expert guidance for any required entrance exams, allowing you to focus on preparing for your studies stress-free. By choosing our support, you ensure a smooth and successful application process to VUM Sofia.

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) Sofiap.

Contact us now and learn about all the ways we can make your admission easier.

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Applicants must submit the following documents to apply for Business administration programs in Bulgaria:

  • A completed application form containing personal details, educational history, and the chosen course of study.
  • A copy of the secondary education diploma, including an academic transcript listing the subjects studied.
  • An official document from relevant authorities certifying the applicant’s eligibility to pursue higher education in their home country.
  • Two recent passport-sized photos (4-5 cm).

All documents, including the diploma, transcript must be translated to Bulgarian language and legalised according to official regulations.

Additional Requirements

  • Candidates applying for medical programs in Bulgaria must pass entrance exams in Biology and Chemistry.
  • Non-EU students are required to obtain a Bulgarian Student Visa before arrival and apply for a Student Residence Permit upon arrival in Bulgaria.

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.

The entrance exam for Varna University of Management (VUM) Sofia will be done on 03.06.2025.

The application deadline for Varna University of Management (VUM) Sofia is 30th of May 2025

There is no need for English certificate because English is part of the online entrance test.

  1. High school leaving certificate with grades in biology and chemistry
  2. Eligibility letter- this is one document provided from your high school confirming that you have graduated successfully
  3. Application form
  4. Declaration form
  5. Copy of your passport
  6. Power of attorney so our agency can officially represent you in front of the Bulgarian institutions

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.

Transfer To The Varna University of Management

Transferring to Varna University of Management (VUM) Sofia from another institution is possible, and we are here to assist you throughout the process. In addition to supporting first-year admissions, we help students transfer their credits and continue their education at VUM.

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.

Varna University of Management Accreditation

The Varna University of Management has been accredited by the National Evaluation and Accreditation Agency.

Varna University of Management in Sofia 2

Accommodation at the Varna University of Management

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.

Student life & Living costs

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.

Living in Sofia – A Student-Friendly City

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.

Cost of Living in Sofia

Compared to Western Europe, Sofia is a budget-friendly destination for students:

  • Rent: A modern private apartment costs around 350 EUR per month, depending on location.
  • Transportation: A one-way public transport ticket is 1.60 BGN (0.80 EUR), and a taxi ride from the airport to the city center costs approximately 10 EUR.
  • Food: Affordable street food and diverse dining options make it easy to enjoy meals on a student budget.
Leisure and Social Life

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.

How to Get to Varna University of Management (VUM) Sofia

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:

Public Transport:
  • Metro: The nearest metro station to VUM Sofia is Serdika, just a short walk from the university. This station provides convenient connections to all parts of Sofia.
  • Bus: Several bus lines operate in the area, allowing easy travel to and from the university.
  • Tram: Sofia’s public transport system offers multiple tram lines that connect different districts, making transfers smooth and efficient.
Taxi Services:

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:

  • Yellow Taxi: 1919
  • OK Supertrans: 973 21 21
  • Taxi S Express: 1212

Always ensure the taxi driver uses a taximeter to avoid overcharging.

Other Useful Information:

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:

  • Paradise Center: The largest mall in Sofia, boasting over 300 stores, a cinema, a bowling alley, and much more. It houses popular international brands and also showcases Bulgarian designers.
  • Serdika Center: One of the oldest and most established malls in Sofia, located in the heart of the city. It offers a diverse range of shops, restaurants, and cafes.
  • Mall of Sofia: Spread across several floors, this mall provides a great selection of stores selling clothing, shoes, cosmetics, and other goods.
  • The Mall: A popular mall with a good mix of fashion retailers, sporting goods stores, and electronics shops.

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:

  • Vitosha Boulevard: The main shopping street in Sofia, lined with stores of many international brands and boutiques of Bulgarian designers.
  • Graf Ignatiev Street: A street known for its numerous clothing, shoe, and accessory shops.
  • Pirotska Street: A street with more affordable options, where you can find shops selling clothing, shoes, electronics, and more.

Chain Stores: Familiar Favorites

Many international and Bulgarian chain stores have a presence in Sofia, offering a wide variety of products:

  • H&M, Zara, Mango: Popular clothing stores with trendy styles at affordable prices.
  • Nike, Adidas, Puma: Stores for sportswear and athletic apparel.
  • Technopolis, Technomarket: Retailers for electronics and home appliances.

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:

  • Alexander Nevsky Cathedral: One of the largest Eastern Orthodox cathedrals in the world, impressive with its architecture and size.
  • Saint George Rotunda: An early Christian church from the 4th century, known for its frescoes.
  • National Historical Museum: A museum showcasing the history of Bulgaria from ancient times to the present day.
  • Archaeological Museum: A museum housing artifacts from various eras, discovered in Sofia.

Theaters and Concert Halls: A Feast for the Arts

Sofia has numerous theaters and concert halls where you can enjoy various performances and concerts:

  • Ivan Vazov National Theatre: The largest theater in Bulgaria, offering a variety of plays.
  • National Opera and Ballet: Presents classical opera and ballet performances.
  • Bulgaria Concert Hall: Home to classical music concerts.

Cinemas: Catching the Latest Blockbusters

Sofia has many cinemas where you can watch the latest movies:

  • Cinema City: A large cinema complex with multiple screens.
  • Arena Cinema: A chain of cinemas with several locations in Sofia.

Nightlife: When the Sun Goes Down

Sofia offers a vibrant nightlife with numerous bars, clubs, and discos:

  • Studentski Grad District: Known for its many student clubs and bars.
  • Vitosha Boulevard: Here you will find a variety of bars and restaurants.

Outdoor Recreation: Embracing Nature’s Beauty

Sofia is surrounded by beautiful nature, offering opportunities for recreation and walks:

  • Vitosha Mountain: A mountain located near Sofia, offering opportunities for hiking, skiing, and other activities.
  • Borisova Gradina Park: The largest park in Sofia, suitable for walks and relaxation.

Other Entertainment Options: Exploring Further

In addition to the above, Sofia has many other entertainment options, such as:

  • Museums on various topics: Museum of Illusions, Museum of Socialist Art, and others.
  • Aquaparks: Several aquaparks near Sofia offer fun opportunities during the summer.
  • Karting tracks: If you like high speeds, you can visit one of the karting tracks in Sofia.

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:

  • Traditional Bulgarian restaurants: In these restaurants, you can try authentic Bulgarian dishes, such as Shopska salad, Banitsa, Kavarma, and many others. Some popular traditional restaurants in Sofia are “Pod Lipite,” “Koprivshtitsa,” and “Hadjidraganov Houses.”
  • Restaurants with international cuisine: Sofia has many restaurants serving cuisine from various countries around the world, such as Italian, French, Japanese, Chinese, and many others.
  • Modern restaurants: In these restaurants, you can try innovative dishes prepared by modern chefs. Some popular modern restaurants in Sofia are “Andre,” “Cosmos,” and “Sense Rooftop Bar.”

Bars:

Sofia offers a variety of bars where you can enjoy different types of drinks:

  • Cocktail bars: In these bars, you can try different types of cocktails prepared by professional bartenders. Some popular cocktail bars in Sofia are “5L,” “One More Bar,” and “Bilkova.”
  • Wine bars: In these bars, you can try different types of wines from Bulgaria and around the world. Some popular wine bars in Sofia are “Vinopoly,” “Grape Central,” and “Enoteca Vino & Co.”
  • Beer bars: In these bars, you can try different types of craft beer from Bulgaria and around the world. Some popular beer bars in Sofia are “Craft Beer Bar,” “Kanaal,” and “Sofia Pub Crawl.”

Clubs and Discos:

Sofia offers a vibrant nightlife with many clubs and discos where you can dance and have fun:

  • Studentski Grad: A district known for its many student clubs and bars, where the music is more up-to-date and the prices are more affordable.
  • Center: In the center of Sofia, you will find a variety of clubs and discos offering music for every taste – from pop and rock to electronic music and house. Some popular clubs in Sofia are “Yalta,” “Bedroom Premium,” and “Sense Rooftop Bar.”

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