Riga Business School, Riga, Latvia

Riga Business School: Rankings, Courses, Admissions, Fees, and Scholarships

Established in 1991, in cooperation with the State University of New York at Buffalo, USA, and the University of Ottawa, Canada, Riga Business School (RBS) is a management – education institution within Riga Technical University (RTU). The university offers Business Management programs in English, granting its graduates an internationally recognized Business Administration degree with North-American style teaching standards. 

If you are looking to study Business in Latvia, Riga Business School is an exclusive choice. Taking an approach to imparting world-class education building sustainability and cooperation for the young generation, RBS opens a plethora of lucrative opportunities

Why study at the Riga Business School?

  • The outstanding curriculum is designed to help students get world-class business education and learn skills that will help them in the future.
  • Highly qualified faculty members include former representatives of government, lawyers, research scholars, entrepreneurs, vice-presidents, directors of banks, and more.
  • Riga Business School ranked 4th in MBA in Eastern Europe by the Eduniversal Rankings.
  • The university offers International Student Exchange Programs providing a multicultural and diversified environment for students to thrive and meet people from around the world.
  • The Open Days by RBS is an exclusive visit of the campus and the departments for students to get a standpoint of their excellent education methods and the thriving life of the students on the campus.
  • The university, apart from its business education programs, also has an English Language Center (ELC) and other programs such as CFA, Financial Industry Program, and more.

University Rankings

Particular Rank
QS World University Rankings Top 750
Eduniversal Rankings Palmes League #2
Employers’ Confederation of Latvia #1

Programs & Courses offered by the university

Riga Business School provides various accredited bachelor’s degree programs and master’s degree programs in Professional MBA and Executive MBA, alongside their English Language Center (ELC). The students have a wide option to select their courses with the carefully curated curriculum offered by the university which allows students to study as well as participate in other activities and clubs on the campus. With an international approach toward science and technology, innovation and creativity are what make the students of Riga Business School stand out.

The most in-demand specializations include Professional MBA, MBA in Marketing, and Executive MBA.

The university also offers double-degree diploma programs for bachelors with a duration of 3-4 years full-time where students have different options to choose from which makes it a great option.

After completing the master’s degree, students are awarded an Internationally Accredited Master of Business Administration (MBA) degree from the Riga Business School at Riga Technical University.

The students also get opportunities to take part in various extracurricular activities at different groups and clubs such as the artistic group, drama group, sports activities, as well as working in student self-government and parliament.

Undergraduate/Bachelor’s Programs

Courses students can enroll in after completing high school include

Program Name Duration Annual Tuition Fee in USD Annual Tuition Fee in AED
International Foundation Programme (IFP) 1 year (full-time) 3050 11202.67
Introduction to Mathematical Reasoning 1x a week on Mondays 369 1355.34
Pre University English 8 months 830 3085.32
General English 2x week for 4 months 747 2743.73
Bachelor of Business Administration (BBA) 3 years (full time) 7953 29211.41
Baltic IT Leadership Bachelor Program (BITL) 4 years (full time)  7970 29273.85

Graduate/Master’s Programs

After completing your undergraduate studies, you can choose to upgrade your skill set by pursuing a Master’s degree in

Program Name Duration Annual Tuition Fee in USD Annual Tuition Fee in AED
Professional MBA 2-5 years 8785 32267.35
General MBA 2-5 years 8785 32267.35
MBA Finance 2-5 years 8785 32267.35
MBA IT 2-5 years 8785 32267.35
MBA Marketing 2-5 years 8785 32267.35
Executive MBA 1.6 years 16,525 60696.41

Campus and accommodation

Located at the center of Riga Technical University (RTU), Riga Business School is situated in the very central part of Riga within a walking distance of modern shopping centers, restaurants, cafeterias, hotels, parks, and Old town. The distance from the international airport is 25 minutes.

All international students are accommodated in the student residence hall which is located in Kipsala. The rooms are spacious and airy with much space for sharing with other students. From having an option to choose a single, double, or triple room, students also have full-time access to the kitchen, so there is no need to spend extra money on kitchen appliances. The rooms will also have attached bathrooms, beds, tables, and chairs, fully equipped for the student to make themselves at home.

The hostel has self-service laundry services, a refrigerator, and Internet and some hostels also have a mini gym, and swimming pool.

The route from the room to the campus is nearly 2-3 km which gets easier to commute with the bus services available nearby.

Admission requirements for international students

To be eligible for admission to Riga Business School, students should have a decent academic record and provide all the requisite documents

Program Name Application Deadline Dates 2022 Commencement of the classes
Bachelor program April 28 August 2022
Professional MBA July 11 (Fall);

November 7 (Spring)

September 2022
Executive MBA (EMBA) November 7 January 2023

For master’s programs at Riga Business School, the application form is available from the month of May.

Undergraduate Admissions

To enroll in an undergraduate course, students will need to complete the following steps.

  • Fill in the online application given on the university website
  • Alternatively, to ensure timely completion and submission of appropriate documents, you can apply via Gyanberry, an official partner of Riga Business School.
  • Attach your high school diploma, a copy of your passport, a scanned photograph, a language certificate, a certificate of extracurricular activities or personal achievements such as internships, volunteer work, cultural activities, hobbies, etc.
  • Pay the application fees (USD 167)
  • Apply for a Latvia visa and accommodation via the university website.
  • Ask to be allotted a mentor before you arrive in Latvia.

Documents Required 

  • High school transcripts/ University transcripts
  • Proof of English Language Proficiency (Min TOEFL iBT-70, Min IELTS- 6.0)
  • Proof of extracurricular activities
  • RBS Math Entrance Exam (MEE) test scores

The final admission decision is based on the student’s performance in four primary areas:

  • Previous academic achievement (25% weightage)
  • English Language proficiency (25% weightage)
  • RBS Math Entrance Exam performance (25% weightage)
  • Interview and extracurricular activities (25% weightage)

Graduate/postgraduate admissions

In addition to the documents required for undergraduate admission, graduate students will need to meet a few other requirements, which are

  • Bachelor’s Diploma and academic transcripts
  • Proof of English Language Proficiency (Min TOEFL paper-based- 550, TOEFL iBT- 80, IELTS- 6.5)
  • Two recommendation letters (for Executive MBA)
  • CV (for Executive MBA)

Tuition, fees, and total cost of attendance

Type of Program Program Name Annual Tuition Fees in USD Annual Tuition Fees in AED
Bachelor’s program Bachelor BBA 7953 USD 29211.41
Bachelor BITL 7970 USD 29273.85
Master’s program Professional MBA 8785 USD 32267.35
Executive MBA 16525 USD 60696.41

Cost of living 

In addition to paying annual tuition fees, students enrolled in Riga Business School will have to incur the following expenses:

Particulars Expense Amount
Registration fees for non-EU students 167 USD
Yearly accommodation (double room) 2386 USD
Meal charge 2652 USD
Books and cases Bachelor- Included in the tuition fee
Master- 44 USD – 77 USD
Resource fee Bachelor- Included in the tuition fee
Master- 55 USD
Total Cost 5304 USD

Thus, the cost of attendance for international students enrolled at Riga Business School will include yearly tuition fee charges, accommodation and dining charges, and one-time expenditures such as application fees, etc.

The average annual cost of attendance for an international student pursuing an undergraduate program at Riga Business School is $13,257 USD or 48693 AED.

For the professional MBA programs, the average annual cost for international students is $14,089 USD or 51749 AED.

Scholarships for international students

There are only a few scholarships available, but students can look for other sources of funding in their home country or from the Latvian higher education department.

RBS Excellence Scholarship

RBS Excellence Scholarship covers the full tuition fee for the 3-year BBA and the 4-year BITL program in Riga.

This scholarship is available for students with:

  • Outstanding grades;
  • Significant extracurricular activities;
  • Motivation and leadership:
  • IELTS at least 6.5, TOEFL ITP at least 550, or TOEFL IBT at least 79

Application deadline for the RBS Excellence Scholarship – is April 28, 2022.

Frequently Asked Questions

Yes, Riga Business School offers a few scholarships. However, students can look for other financial aid and funding in their home country or from the Latvian Government and higher education department.

To secure admission to RBS the student needs to have a certificate of English Proficiency Test and clear the RBS Math Test.

The university provides accommodation to international students with well-equipped hostel rooms nearby campus which the students can commute to with the bus services available.

Apart from offering excellent education and diversified teaching, there are a few services such as financial aid, campus accommodation, English language classes, and other programs and activities for students to engage in such as sports clubs, artistic clubs, etc. There are other facilities such as student help desks for instant assistance.

The student can appear for different English Proficiency Tests such as TOEFL ITP, TOEFL iBT, or IELTS with the minimum score as per the Riga Business School guidelines.