Business Administration (EN), 1.5 years (MBA)

Business Administration (EN), 1.5 years (MBA) is a postgraduate (master's) course in business & management at UL FinTech Business School (formerly BA School of Business and Finance) in Riga, Latvia. It takes 1.5 years (90 ECTS), with intakes in Autumn semester (2026/27 applications for foreign applicants opened 1 January 2026).

UL FinTech Business School (formerly BA School of Business and Finance) is a public institution. Read the full course description, modules and entry rules on the official course page.

Tuition for international students is €3,300 a year, about ₹3.5 lakh. Over 1.5 years that is roughly €4,950 (≈ ₹5.2 lakh) before any yearly increase.

Fee per year on the programme page (same for EU and non-EU); for business, economics or finance graduates

Living costs near the university

Living costs for Latvia as a whole: €9,400–15,000 a year. Approximate exchange rates (based on ECB reference rates, March 2026). Actual rates on your payment date will differ.

General entry requirements at UL FinTech Business School (formerly BA School of Business and Finance) for master's courses. Some courses ask for more, so check the course page.

• A bachelor's degree in a related field (business, economics, finance or management; social sciences or ICT for Cybersecurity Management). Some programmes accept other degrees with two to three years of relevant work experience.
• A 3-year Indian BA/BSc (General) counts as only two years of university study in Latvia, so you would also need a master's. A 4-year bachelor's or a bachelor's with specialisation is accepted as a full degree.
• An average grade of at least 60% of the maximum, with every subject passed.
• SAT 1200, GMAT 595 or GRE 320 (taken in the last five years), because your degree is from outside the EU.
• An online interview, a CV, and for some programmes an entrance exam.

For this course: IELTS 6.0, TOEFL iBT 80 (tests up to 21 Jan 2026), PTE Academic 55 or Cambridge B2 First (grade B).

Need a score? IELTS and PTE coaching is available with us.

This course starts in: Autumn semester (2026/27 applications for foreign applicants opened 1 January 2026).

1. 1Check the entry requirements and the deadline on the official course page.
2. 2Take IELTS, PTE or the test the university accepts, if you need one.
3. 3Prepare your documents: transcripts, statement of purpose, recommendation letters and CV.
4. 4Apply on the university's application portal and pay any application fee.
5. 5Accept your offer, meet any conditions and pay the deposit.
6. 6Apply for your student visa for Latvia, then arrange accommodation.

• Passport
• Class 12 certificate and mark sheet, or bachelor's degree and transcript, as certified copies in the original language and in English
• Apostille on education documents and on the police clearance (statement on punishability)
• English test result (taken in the last five years)
• SAT, GMAT or GRE score
• CV (master's)

• Latvian State Scholarships for international applicants

  Degree students from countries with a bilateral agreement with Latvia

  Value: Not stated on the university page; up to two semesters per study cycle

  Only for citizens of countries with an education agreement with Latvia; check whether India is included in the current call. Applications go through the State Education Development Agency.

  Official page

• University of Latvia Foundation patron scholarships

  Enrolled students

  Value: Varies by scholarship

  For outstanding students and students with limited means; information for non-EU students is available on request from the Foundation.

  Official page

BA School of Business and Finance began on 1 June 1992 as the Bank of Latvia Banking College, set up to train people for the financial sector. It later became a higher education institution (Banku augstskola) teaching bachelor's and master's degrees in finance and business.

In 2023 the Latvian government decided to bring the school into the University of Latvia. It ran as "BA School of Business and Finance of the University of Latvia" from September 2025, and from 1 September 2026 it is called the University of Latvia FinTech Business School. Degrees are now listed and awarded through the University of Latvia.

Business & Management courses at other universities in Latvia

• Smart Economics and Innovations (Professional Master)daugavpils-university2 years (or 1.5 years with a 4-year professional bachelor's) · €3,300 / year
• Master's in Business AdministrationEKA University of Applied Sciences2 years · €3,800 / year
• Master's in Circular Economy and Social EntrepreneurshipEKA University of Applied Sciences2 years · €3,800 / year
• Professional Master's in Business AdministrationRiga Nordic University (formerly ISMA)1.1 years full time (or 2 years, depending on your previous degree) · €3,900 / year
• Business Management (Professional Master, 1.5 years)Latvia University of Life Sciences and Technologies1.5 years (90 ECTS) · €3,300 / year
• Sociology of Organizations and Public Administration (Master)Latvia University of Life Sciences and Technologies2 years (120 ECTS) · €3,300 / year

More courses at UL FinTech Business School (formerly BA School of Business and Finance)

• Business Administration (EN), 2 years (MBA)2 years (120 ECTS) · €3,300 / year
• Cybersecurity Management (EN), 2 years2 years (120 ECTS) · €5,200 / year
• Cybersecurity Management (EN), 2.5 years2.5 years (150 ECTS, with internship) · €4,600 / year
• International Finance and Banking (EN), 2 years2 years (120 ECTS) · €6,600 / year
• International Finance and Banking (EN), 1.5 years1.5 years (90 ECTS) · €8,300 / year
• International Finance (EN)4 years (240 ECTS) · €5,900 / year

We researched this page on 28 Oct 2026 from the university's own pages. Fees, entry rules and intakes change every year; confirm them on the official course page before you apply. Listing a course doesn't mean Admission Mantra represents the university.

1. UL FinTech Business School (formerly BA School of Business and Finance): Business Administration (EN), 1.5 years (MBA) (opens in a new tab)
2. UL FinTech Business School: home page (opens in a new tab)
3. UL FinTech Business School: history (opens in a new tab)
4. UL FinTech Business School: bachelor's programmes (opens in a new tab)
5. UL FinTech Business School: master's programmes (opens in a new tab)