Varna University of Management (VUM) Master's Degrees – Rankings by Specialization

Summary: Discover everything about pursuing a master's degree at Varna University of Management (VUM). Explore its dual-degree programs, practical teaching methods, worldwide recognitions, and flexible learning paths. This guide also unveils VUM’s key rankings and international appeal for future business leaders.

About Varna University of Management (VUM)

Established in 1996, Varna University of Management (VUM) is a private, not-for-profit institution committed to delivering globally recognized education entirely in English. Initially launched with Dutch government support, VUM has evolved into one of Bulgaria's most reputable international business universities.

Operating across campuses in Varna, Dobrich, and Sofia, the university hosts over 4,200 students from more than 40 nationalities, fostering an enriching multicultural experience.

VUM's expansive network spans five continents through partnerships with 200+ academic institutions, enhancing global education opportunities and professional mobility for its students.

For those interested in managerial careers specific to industries like Hospitality Management or Tourism Management, VUM offers specialized, internationally accredited programs.

Mission, Vision, and Educational Philosophy

Though the university’s official mission and vision statements are not publicly detailed, its strategic actions reflect clear commitment to building entrepreneurial and innovative leaders.

VUM embraces problem-based and case-based learning—its hallmark teaching style that equips students with sharpened decision-making capabilities. Curricula incorporate real-world scenarios, fostering practical business acumen aligned with employer expectations.

Additionally, VUM's programs focus on leadership, sustainability, and new business models—key values that resonate with emerging trends in entrepreneurship and innovation management worldwide.

Master’s Programs: Structure and Methodology

VUM provides two robust master’s pathways:

• Master of Business Administration (MBA) — Jointly awarded by VUM & Cardiff Metropolitan University (UK)
• MSc in International Hospitality and Tourism Management

The MBA spans three semesters for the UK degree and an optional fourth semester to obtain a secondary degree from VUM itself. The master’s programs encourage strong analytical thinking and cross-cultural business learning in a company-centered format.

Both programs include substantial internship opportunities. VUM's close relationships across industries ensure work placements relevant to worldly demands and modern sectors like general management.

Accreditations and Recognitions

VUM enjoys full national and international accreditation, establishing its credibility:

• Accredited by the Bulgarian Ministry of Education and Science with an impressive 9.14/10 rating
• First Bulgarian institution to earn recognition from the British Accreditation Council (BAC)
• Programs certified by Cardiff Metropolitan University (UK)
• Member of the European Association for Quality Assurance in Higher Education

This international validation enhances VUM’s graduate mobility and validates its learning structure for global employment.

Students interested in disciplines like Corporate Social Responsibility may find the accreditations important when seeking positions worldwide.

Distinct Advantages of VUM

Several unique features contribute to VUM’s rise as a global educational leader:

• Complete English-language instruction — the first of its kind in Bulgaria
• Dual-degree programs with British validation from Cardiff Metropolitan University
• Global academic network — 200+ partner institutions across five continents
• Problem-based learning (PBL) and practical case studies
• Peer-diverse environment — students from over 40 countries
• Affordable tuition and scholarship availability
• Internship-focused studies with deep industry integration
• Focus on cutting-edge business themes like Innovation and Project Management and digital transformation

Admissions and Financial Aid

Admission into VUM’s master’s programs typically requires:

• Bachelor’s degree in a relevant field
• English language proficiency (TOEFL or IELTS scores)
• Application through the university’s online portal

VUM offers need- and merit-based scholarships for eligible candidates, helping reduce the cost barrier for international learners.

For professionals also considering expansion into fields like Public Administration or Public Health Management, the flexibility at VUM makes it an appealing choice.

FAQ – Varna University of Management (VUM) Master’s Degree

Is Varna University of Management a recognized university?

Yes, Varna University of Management (VUM) is a fully accredited higher education institution recognized nationally and internationally. It is accredited by the Bulgarian Ministry of Education and Science and validated by international bodies such as the British Accreditation Council (BAC).

Is Varna University of Management accredited in Europe?

Yes. VUM is accredited within the European Higher Education Area and is a member of the European Association for Quality Assurance in Higher Education. Its programs align with European academic standards, ensuring international recognition.

Is Varna University of Management a good university?

VUM is considered one of Bulgaria’s leading international business universities. It is known for its English-taught programs, strong international partnerships, practical teaching approach, and multicultural student community.

Is Varna University of Management public or private?

Varna University of Management is a private, not-for-profit university, founded in 1996 with initial support from the Dutch government.

Are internships included in VUM master’s programs?

Yes. Internships are an integral part of VUM’s master’s degrees. The university works closely with industry partners to offer professional placements aligned with current global business needs.

How international is Varna University of Management?

VUM hosts students from over 40 nationalities and collaborates with 200+ partner universities worldwide, providing strong international exposure and mobility opportunities.

Where is Varna University of Management located?

VUM has campuses in Varna, Sofia, and Dobrich, Bulgaria. Varna is the main campus and a popular destination for international students.

Is studying in Bulgaria affordable for international students?

Yes. Compared to many Western European countries, Bulgaria offers lower tuition fees and living costs, making VUM an affordable option for a recognized international master’s degree.

Does Varna University of Management offer scholarships?

Yes. VUM offers merit-based and need-based scholarships to eligible students, helping reduce the overall cost of studying abroad.