ECON Graduate Studies

Master Degrees
  •     Master in Business Administration (MBA)
  •     MSc in Finance
  •     MSc in Economics
  •     MSc by Research
  •     Master Programme Entry Requirements
  •     Master Programme Fees

Doctoral (PhD) Degree
  •     Doctoral Programme Entry Requirements
  •     Doctoral Programme Fees

How to apply

Contact us - email as a question or arrange a visit



The three most popular taught master degrees are offered: MBA, MSc in Economics and MSc in Finance.

For research minded candidates with a strong background in economics or finance, MSc by Research programme is available. This programme allows students to skip the taught part and get a MSc degree by conducting a supervised research project.

All programmes can be started in October or March and be completed in one year by studying full-time or in two years by studying part-time without career interruption.  

All our master degrees are validated by the University of Buckingham. This means that, besides a degree from Sarajevo School of Science and Technology, students also get a degree from the University of Buckingham.




Our MBA programme follows the same program which has been developed at the University of Buckingham over the last ten years. It allows candidates to acquire a well-balanced knowledge on running a business. It is suitable for candidates with a degree in business, economics, finance as well as other disciplines. Some business experience is a plus but not a requirement.

In the first stage, candidates complete the following modules: 

  1. Operations Management
  2. Human Resource Management
  3. International Marketing, Communication and Branding
  4. Corporate Finance
  5. Strategic Management
  6. Research Methods
  7. Corporate Governance and Ethics
  8. Business in a Global Society
  9. Innovation and Entrepreneurship
  10. Leadership and Change in Organisations

In the second stage, candidates complete supervised research projects or company projects.



Finance is much more than accounting and discounting to the present value. At the core of finance as a distinct discipline is the relationship between risk and return, asset valuation, pricing of risk factors and risk management.

In the first or taught part to the programme, students acquire foundational knowledge and learn methodological tools required to analyse empirical data and understand cotemporary finance issues. In this stage, candidates complete the following modules: 

  1. Money and Banking
  2. Corporate Finance
  3. Quantitative and Qualitative Empirical Methods
  4. Financial Risk Management
  5. International Financial Markets
  6. Advanced Financial Reporting
  7. Empirical Techniques in Finance Research
  8. Behavioural Finance 

In the second or research part, candidates complete a supervised research project and write an empirical research paper.



In the first or taught part of the programme students acquire intermediate and advanced knowledge on core economic topics, international economics, methods used to analyse economic problems as well as contemporary issues such as economic of technological change, capital flows and human development. In this stage, candidates complete the following modules:

  1. Microeconomics
  2. Macroeconomics
  3. Quantitative Analysis Techniques
  4. Economic Development and Transition
  5. Economic of Technological Change
  6. Globalization, Trade and Capital Flows
  7. Human Development, Health and Education
  8. Financial System of the European Union

In the second or research part, candidates complete a supervised research project and write an empirical research paper.



The taught MSc programmes have two components:

  • The taught component which consist of modules aimed to provide background in a discipline the programme specializes in.
  • The research components aimed at enabling students to undertake research and write their own research paper. This is the final component which starts after completion of the taught component and is carried out under guidance provided by an assigned supervisor.

The MSc by Research programme is significantly different than the above described taught programme. It does not have the taught component - this means there are no regular classes, no pre-specified list of compulsory modules and no exams.

In other words, MSc by Research has only one component: the research component. Students are assigned supervisors on the first day of the programme and all activities are focused on the supporting students to undertake quality research.  

The programme is designed for self-motivated students primarily interested in research and an excellent stepping-stone for doctoral studies.

Instead of the taught modules, the core activities in the programme are:

  • Analysis of existing research papers (assigned by the supervisor) and writing of short exploratory papers related to a chosen research topic.
  • Seminars and workshops aimed at enabling students to master methods and methodologies required to carry out their research projects. These events will inevitably cover the theoretical background of research methods but will focus of the practical aspects such as using professional econometrics/data analysis software and coding if necessary. Depending on specific research project requirements, these events may cover basic methods for cross-sectional and time-series data analysis as well as more advanced methods such as the threshold regression, switching regime models, GARCH methods etc.
  • A supervised research project enabling students to undertake their own research project which typically involves:
    • A comprehensive review of the existing literature aimed at formulating research questions and developing testable hypotheses
    • Designing a research methodology to test developed hypotheses
    • Collection of empirical data required of test hypotheses
    • Data analysis
    • Interpretation of results and their implications 

The research project results in a research paper (a thesis) not exceeding 100 pages of double-spaced typescript. A research paper or thesis is supposed to demonstrate a student's systematic understanding of the chosen research subject and ability to conduct a sophisticated analysis which is at the forefront of the academic discipline.


The programmes and research areas

The MSc by Research programme enables candidates to focus on a range of specialized topics within finance and economics. Initially, the candidates can register for MSc in Finance or MSc in Economics and choose a topic within any of the research areas specified below.

Candidates who already have research topics they indent to pursue are welcome. However, it is not necessary to have a research topic initially as a topic can be chosen in consultation with the supervisor during the first term.

We welcome applications from candidate interested in the following research areas.

  • MSc in Finance: corporate finance, asset pricing, fixed-income securities, credit risk, risk management
  • MSc in Economics: public policy, fiscal policy, international macroeconomics, monetary policy, business cycles, social economy



  • A good undergraduate degree in business, economics of finance (an undergraduate degree in any discipline for MBA)
  • English language level equivalent to the IELTS average of 6.5 (with 6.0 or above in each component)
  • Motivation to undertake and complete a research project (only for MSc by Research)



The price of the programme is EUR 9.400 for students entering with at least 210 ECTS credits or EUR 10.400 for students entering with 180 ECTS credits. The price includes the registration for two years, course literature, a student version of Eviews econometric software and the final viva voce exam (i.e. a thesis defense). The annual registration fee, which is currently EUR 400, applies if the studies are not completed in two years. 

A number of partial scholarships is available.






Doctoral candidates conduct a comprehensive supervised research. Each candidate is assigned a mentor/supervisor, who supports a candidate throughout the studies. During the doctoral studies, a PhD candidate:

  • Take a course in research methods
  • Attend two research seminars annually
  • Write eight exploratory papers on topics relevant to her of his area of research.
  • Present their work at PhD symposiums and conferences
  • Present the eight papers to a committee and pass a qualification exam
  • Develop a detailed research proposal
  • Conduct research and present it in a dissertation with up to 80,000 words
  • Pass a viva voce exam or oral examination by an internal examiner appointed by the Sarajevo School of Science and Technology and an external examiner appointed by the University of Buckingham. 

The doctoral studies can be completed within four years by studying full time or eight years by studying part time.



  • A good master degree in business, economics, finance or a quantitative discipline.
  • English language level equivalent to the IELTS average of 6.5 (with 6.0 or above in each component)
  • Motivation to undertake and complete a comprehensive research project



The tuition for the 3-year programme is EURO 15,200. The annual registration fee, which is currently EUR 500, applies if the studies are not completed in three / six years (full time or part time).


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Hrasnička cesta 3a, Sarajevo, 71 000

Bosnia and Herzegovina

Entrance Exams are held at SSST, from April to September, starting at 9:00 a.m.

Contact us

Tel: +387 33 975 002

Fax: +387 33 975 030

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