Bosnia and Herzegovina’s economy has made significant strides since the end of the war, transitioning from a socialist system to a market-oriented economy. However, it continues to face several challenges, including high unemployment rates and a complex regulatory environment. The country’s GDP has steadily grown over the years, driven primarily by services, industry, and agriculture. Bosnia and Herzegovina have a strong industrial base, particularly in sectors like automotive, metal processing, and energy production. The country exports a variety of goods, including metals, machinery, textiles, and agricultural products. The European Union (EU) is its largest trading partner.

The business field in Bosnia and Herzegovina encompasses a diverse range of sectors and offers both opportunities and challenges for entrepreneurs, investors, and professionals. Business studies in Alfred Education group partner universities in Croatia is a field of higher education that deals with the principles of Business, Management, and Economics. It combines elements of Accountancy, Finance, Marketing, Organizational Studies, Human Resource Management, and Operations. Business degree courses in Alfred Education group partner universities in Bosnia and Herzegovina are a field of study designed to give the student a general overview of the various elements of running a business. 

Bosnia and Herzegovina is an interesting country from the perspective of new business formations. Regardless of the tough economic situation, there are energetic and creative young people in Bosnia who are launching really interesting startups. Bosnia and Herzegovina boasts a pool of ambitious founders and a growing number of established startups. The business environment encourages innovation and the development of new technologies in areas such as IT, software development, fintech, and agriculture technologies. Great examples of successful entrepreneurship projects are Decor In, NajDoktor.ba, “ABO Donor”, and others. 

Decor In is the first professional portal in Bosnia and Herzegovina that writes on topics of decoration and interior and exterior furnishings, with an emphasis on companies that operate in Bosnia and Herzegovina. After nearly two years of operation, they have become a base for all those who want to find, in one single place, ideas and tips about how to make design excellence a feature of their home, garden, or office. One of the main aims of the portal is to promote products made in Bosnia and Herzegovina.

NajDoktor.ba is a website that has a rich database and great tools that allow its users to choose what’s best for their health. The site equally represents those seeking health services and those who provide them – linking the two groups into one story. It aims to increase the standard of health services, as well as health awareness and user services. This unique platform for exchanging information contributes to increasing the level of health awareness among the population and the physicians as much as improving health services and healthy living in Bosnia and Herzegovina.

“ABO Donor” is a one-of-a-kind application and is a novelty in Bosnia and Herzegovina. The idea for the app came out of the essential need for life-saving. It is a unique project designed to increase the availability of the most important fluid that exists in the medical field – blood. The application aims to introduce an innovation in the field of blood donation, using the most modern technology (geolocation, social networking FB, Twitter, etc.) and high clinical standards.

The application itself, designed to increase the availability of blood for the medical requirements of all citizens, targets three population groups:

• Blood donors
• People who need blood
• Professionals with transfusion expertise

Career Perspectives

Pursuing Business Courses in Bosnia and Herzegovina can provide individuals with valuable skills and knowledge that can open up various career opportunities. Completing Business Сourses opens up a wide range of career opportunities for students of the most prominent Bosnian universities. The skills and knowledge gained through business education are highly valued in various industries and sectors. Whether it’s Entrepreneurship, Management, Finance, Marketing, Consulting, Human Resources, or International Business, business graduates can pursue diverse paths based on their interests and strengths. 

Here is a list of career perspectives after completing Business education in Bosnia and Herzegovina:

Career perspectives cover a broad range of Law specializations and roles, reflecting the diverse opportunities available to Business courses at Alfred Education Group partner universities. The specific career path depends on individual interests, skills, and additional certifications or specializations pursued after completing the Business courses in some of the TOP Bosnian business universities such as the University of Sarajevo.

TOP University Courses

Alfred Education Group provides international students with the opportunity to gain high-quality Business education in prominent Bosnian Business universities. Studying at Bosnian Business universities learned how to keep up with technological advancements, stay updated with new tools and frameworks, and continuously upgrade students’ skills to remain relevant in the rapidly changing Business industry. Here is an example of Alfred Education Group partner universities providing a European level of education in Business Studies, Management, Accounting, and related sciences fields.

International University of Sarajevo 

About University 

The International University of Sarajevo (IUS) is a private institution situated in the capital city of Bosnia and Herzegovina, Sarajevo. Established by the Foundation for the Development of Education in 2004–2005, IUS welcomes students from all corners of the globe and conducts its instructional and communication activities primarily in English. IUS has a huge number of international students from 55 countries and faculty members from 20 countries performing academic and research activities in various disciplines of Science, Engineering, Arts, and Social Sciences. 

The International University of Sarajevo offers Undergraduate and Postgraduate studies developed in a quality intellectual atmosphere and can choose one of 17 study programs within the 5 faculties, containing programs in different areas ranging from industrial engineering and computer sciences through Art and Social Sciences, Pedagogical Sciences, Law and up to Business Administration and Humanities. Currently at the International University of Sarajevo (IUS) study around 2,000 students in all 3 cycles of studies, coming from all continents and more than 45 countries of the world. 

Department of Economics and Management

At the Bachelor level, IUS provides students with knowledge of the fundamental concepts in microeconomic and macroeconomic theory. Besides, students are introduced to quantitative methods used for data analysis and several financial courses. Upon completion of the first study cycle, a student acquires the title of Bachelor of Arts (B.A.) in Economics.  

Graduates of the Department of Economics and Management obtain local and global values at IUS like continuous learning and development, serving their knowledge and skills for the development of their country, world, and humanity. They can find jobs in the production and service sectors easily. 

Economics and Management degree courses are designed to train students to perform intensive research in economics. That is why students are offered focused supervision while developing and implementing their research design. The main specialization areas include microeconomics, macroeconomics, and finance. IUS graduates can work in management positions in banks, financial institutions, international and local companies, media and health service sectors, and information technology companies. 

Why Study Business Administration in Bosnia and Herzegovina?

About Master of Business Administration Courses

The Master of Business Administration (MBA) is a prestigious postgraduate degree focused on developing advanced business and management skills. The educational process of the Master of Business Administration course at Alfred Education Group partner universities in Bosnia and Herzegovina encompasses a combination of lectures, seminars, workshops, case studies, and practical projects. The curriculum is designed to provide students with a well-rounded understanding of various business disciplines, including Finance, Marketing, Human Resources, Operations Management, and Strategic Management. 

Internship opportunities for MBA students at Alfred Education Group partner universities in Bosnia and Herzegovina cover a wide range of industries and sectors. Students can choose to intern in multinational corporations, local companies, startups, government organizations, non-profit organizations, or consulting firms. The choice of internship largely depends on students’ career goals, interests, and the industry they wish to gain experience in. Almost all MBA programs in Bosnian business universities offer specific internship programs or partnerships with companies in certain sectors.

Successful completion of an MBA internship in Bosnia and Herzegovina can lead to various post-internship opportunities. Some interns receive job offers from the organization they interned with, while others receive recommendations or referrals for job openings in other companies. Even if immediate job offers are not received, the internship experience adds value to students’ resumes and increases their chances of securing employment in the future. The skills and networks developed during the internship can be beneficial for long-term career advancement.

Many Bosnian and foreign companies offer management trainee programs designed specifically for recent MBA graduates. Internship programs provide structured training and rotations across various departments, giving you exposure to different aspects of the organization. They lead to full-time managerial positions within the company. Depending on students’ specialization, consider obtaining industry-specific certifications to complement their MBA. Received certifications demonstrate students’ expertise and commitment to a particular field, making them more attractive candidates for relevant roles. 

Compulsory Subjects 

The compulsory subjects in a Business Administration course vary depending on the specific university and program. There are common core subjects that can be included in a curriculum of Alfred Education Group partner universities such as the University of Sarajevo. Compulsory subjects provide foundational knowledge and skills necessary for performing future professional duties in the field of Master of Business Administration. Here are some examples:

Please note, that it is a sample list, and the actual list of compulsory subjects differs from one university to another. Bosnian Universities offer flexibility in choosing elective subjects within the program to cater to student’s specific interests and career goals. It’s advisable to refer to the curriculum of the particular educational institution to get accurate and detailed information about the compulsory subjects offered in Master of Business Administration degree courses.

Internships and Practical Experience

Completing an MBA (Master of Business Administration) program at Alfred Education Group partner universities in Bosnia and Herzegovina opens up opportunities for students to gain practical experience through internships and apply their knowledge in real-world business settings. Internships play a crucial role in bridging the gap between academic learning and professional practice, providing students with hands-on experience and valuable networking opportunities. Internships are highly valued in the business world as they offer students a chance to apply their theoretical knowledge in practical settings. 

MBA programs at Alfred Education Group partner universities in Bosnia and Herzegovina have strong connections with local businesses, which facilitates the process of finding internship opportunities for students. Alfred Education Group partner universities such as the International University of Sarajevo have dedicated career centers or placement offices that assist students in securing internships. Mentioned offices maintain relationships with companies and organizations and help match students’ skills and interests with internship opportunities. 

The duration of MBA internships from Bosnian universities can vary depending on the program and the specific internship arrangement. Internships can range from a few weeks to several months. Some MBA programs from certain Alfred Education Group partner universities have a specific timeframe for internships, while others offer flexibility for students to complete internships during their studies or during summer breaks. It is advisable to check the requirements and guidelines of the specific MBA program to understand the duration and timing of internships.

Internship opportunities for MBA students at Alfred Education Group partner universities in Bosnia and Herzegovina cover a wide range of industries and sectors. Students can choose to intern in multinational corporations, local companies, startups, government organizations, non-profit organizations, or consulting firms. The choice of internship largely depends on students’ career goals, interests, and the industry they wish to gain experience in. Almost all MBA programs in Bosnian business universities offer specific internship programs or partnerships with companies in certain sectors.

Successful completion of an MBA internship in Bosnia and Herzegovina can lead to various post-internship opportunities. Some interns receive job offers from the organization they interned with, while others receive recommendations or referrals for job openings in other companies. Even if immediate job offers are not received, the internship experience adds value to students’ resumes and increases their chances of securing employment in the future. The skills and networks developed during the internship can be beneficial for long-term career advancement.

Why Study Management in Bosnia and Herzegovina?

About Management Course

A Management degree course in Alfred Education Group partner universities is an academic program focused on developing knowledge and skills related to effectively managing people, resources, and processes within organizations. Management degree courses are designed to provide students with a strong foundation in management theory and practical techniques that can be applied in real-world business settings. The specific objectives include developing critical thinking and problem-solving skills, enhancing decision-making abilities, fostering effective communication and interpersonal skills, and promoting teamwork and collaboration.

Completing a Management course at some of the TOP Bosnian business universities such as the University of Sarajevo can serve as a foundation for further education and professional development. Students choose to pursue advanced degrees, such as a Master of Business Administration (MBA) or specialized master’s programs in specific management areas. Further education can provide a deeper understanding of management principles and open up opportunities for advanced leadership roles or academic careers.

The Management course in Bosnian universities spans 4 years for Undergraduate studies and 2 years for Postgraduate studies. The Management curriculum in almost all Bosnian management universities is designed to provide students with a comprehensive understanding of management principles and their applications in diverse organizational settings. The coursework covers various aspects of Management, including Organizational Behavior, Human Resource Management, Strategic Management, Marketing, Finance, Operations Management, and Entrepreneurship. 

Drawing on real case studies and authentic employer engagement, students gain a true insight into the different styles of leadership and the practical tools needed to innovate and implement initiatives. Real case studies are an integral part of Management courses in some of the TOP Bosnian business universities, providing students with practical insights into real-world business scenarios and allowing them to apply management theories and concepts. Here are some examples of real case studies used in Management courses in different Bosnian universities:

• Market Entry Strategy. Analyzing the market entry strategy of a multinational company entering the Bosnian market. Students assess the company’s approach, identify challenges, and propose strategic recommendations.
• Leadership and Team Management. Analyzing a real-life case of a successful leader or team in managing a complex project or achieving organizational goals. Students study the leader’s approach, team dynamics, and key success factors.
• Crisis Management. Studying how a company effectively handled a crisis, such as a product recall, public relations crisis, or natural disaster. Students analyze the company’s crisis management strategies, communication efforts, and lessons learned.
• Marketing and Branding. Analyzing a company’s marketing and branding strategies, such as a successful product launch or rebranding campaign. Students assess the company’s marketing mix, target audience, competitive positioning, and branding efforts.
• Supply Chain Management. Examining a company’s supply chain management practices, including inventory management, logistics, and supplier relationships. Students evaluate the company’s supply chain efficiency, cost-effectiveness, and sustainability practices.
• Human Resource Management. Studying a company’s human resource management practices, such as talent acquisition, performance management, or employee engagement initiatives. Students assess the effectiveness of these practices and propose recommendations for improvement.
• Entrepreneurship and Innovation. Analyzing a real-life case of a successful entrepreneurial venture or innovation-driven company. Students study the company’s business model, innovation strategies, and growth trajectory.

Compulsory Subjects

The compulsory subjects in a Management course vary depending on the specific university and program. Compulsory subjects provide foundational knowledge and skills necessary for performing future professional duties in the field of Management. Here are some examples of compulsory subjects at Management degree course:

Please note, that it is a sample list, and the actual list of compulsory subjects differs from one university to another. Bosnian Universities offer flexibility in choosing elective subjects within the program to cater to student’s specific interests and career goals. It’s advisable to refer to the curriculum of the particular educational institution to get accurate and detailed information about the compulsory subjects offered in Management degree courses.

Post-Internship Opportunities

After completing Management courses in some of the TOP Bosnian business universities such as the International University of Sarajevo students have an opportunity to gain practical experience through internships and real case studies. Successful completion of internships leads to full-time employment offers from the organizations where the internships were conducted. Companies value the practical experience gained during internships and extend job offers to interns who have demonstrated their skills, knowledge, and potential as valuable contributors to the organization.

Almost all Business universities in Bosnia and Herzegovina have dedicated career services or job placement offices that assist graduates in finding suitable employment opportunities. University career centers maintain connections with industry partners, recruitment firms, and companies, and can provide job leads, career guidance, resume assistance, and interview preparation support to help graduates secure employment after their internships. Internships provide valuable networking opportunities for Bosnian Management course graduates. 

​​Management course graduates who have an entrepreneurial mindset and aspirations consider starting their own business or joining a start-up. The knowledge and skills acquired during the Management course, combined with the practical experience gained through internships, can provide a strong foundation for entrepreneurial ventures. Graduates can use their understanding of business operations, strategic planning, marketing, finance, and leadership to launch and manage their ventures.

Management course graduates at Alfred Education Group partner universities in Bosnia and Herzegovina can choose to pursue advanced degrees or specialized graduate programs to further enhance their knowledge and career prospects. It can include pursuing a Master of Business Administration (MBA), a Master’s degree in a specific management area, or other advanced management programs. Graduate education provides an opportunity to gain a deeper understanding of management concepts and can open doors to advanced leadership positions, consulting roles, or academic careers. 

Why Study Economics in Bosnia and Herzegovina?

About Economic Course

Economics is a social science that deals with the creation, distribution, and consumption of resources. Because it is about people and the real world, Economics enables students of Bosnian universities to learn about Banking, Finance, Globalization, and broader social issues such as poverty, education, health, and the environment. It is a versatile discipline with close links to Politics, Sociology, Psychology, Business, And Finance. The appeal of Economics lies especially in its application of theory and quantitative methods to contemporary economic problems. It helps students to think logically, rationally, and rigorously. 

The study of Economics is a field of academic inquiry that focuses on understanding how individuals, businesses, and societies allocate limited resources to satisfy their needs and wants. Pursuing an Economics course at Alfred Education Group partner universities in Bosnia and Herzegovina such as the University of Sarajevo offers students a comprehensive understanding of economic principles, theories, and analytical tools. The study of Economics aims to foster critical thinking, problem-solving abilities, and a holistic understanding of how economic factors shape individual behavior and business decisions.

Almost all educational curriculums of Economics courses in some of the TOP Bosnian business universities cover a wide range of subjects to provide a solid foundation in economic theory and its practical applications. Core subjects include Microeconomics, Macroeconomics, Econometrics, Economic Analysis, International Economics, Monetary Economics, Public Finance, and Economic Policy. The Economics curriculums are designed to progressively build students’ knowledge, analytical skills, and ability to apply economic concepts to real-world problems. 

Compulsory Subjects

The compulsory subjects in an Economics course vary depending on the specific university and program. There are common core subjects that can be included in a curriculum of Alfred Education Group partner universities such as the University of Sarajevo. Compulsory subjects provide foundational knowledge and skills necessary for performing future professional duties in the field of Economics. Here are some examples:

Please note, that it is a sample list, and the actual list of compulsory subjects differs from one university to another. Bosnian Universities offer flexibility in choosing elective subjects within the program to cater to student’s specific interests and career goals. It’s advisable to refer to the curriculum of the particular educational institution to get accurate and detailed information about the compulsory subjects offered in Economics degree courses.

International Exposure and Collaboration

Economics courses in Bosnia and Herzegovina provide students with a comprehensive understanding of economic theory, principles, and applications. Economics courses at Alfred Education Group partner universities in Bosnia and Herzegovina such as the International University of Sarajevo are designed to equip students with analytical skills and a solid foundation in economic concepts to analyze various economic phenomena and make informed decisions. International exposure and collaboration are important aspects of studying Economics, as they provide students with a global perspective and networking opportunities. 

Many Bosnian business universities offer student exchange programs allowing economics students to spend a semester or a year studying at a partner institution abroad. Exchange programs allow students to experience a different academic environment, immerse themselves in a new culture, and broaden their understanding of economics from an international perspective. Here are some examples of student exchange programs in some of the TOP Bosnian business universities such as the University of Sarajevo:

• Erasmus+ Exchange Program. Erasmus+ is a European Union program that promotes student mobility and international cooperation. Bosnian universities participate in the Erasmus+ program, allowing students to study at partner universities across Europe;
• Global UGRAD Program. The Global Undergraduate Exchange Program (Global UGRAD) is a scholarship program funded by the U.S. Department of State. It offers one-semester or one-year study opportunities for Bosnian undergraduate students at universities in the United States.

Apart from student exchange programs, there are study abroad programs specifically designed for Economics students at Alfred Education Group partner universities in Bosnia and Herzegovina. Study abroad programs allow students to immerse themselves in the economics and business environment of another country, studying courses that are tailored to the local context. Received experience provides students with a deep understanding of economic issues in a specific country or region, and the opportunity to develop relationships with students and faculty from around the world. 

Attending international conferences and workshops is an excellent way for Economics students to gain exposure to cutting-edge research, new ideas, and diverse perspectives. Mentioned events bring together economists, scholars, policymakers, and industry professionals from around the world. Students can present their research, participate in panel discussions, and engage in academic discourse with leading experts in the field. Such exposure fosters intellectual growth, expands professional networks, and enhances career prospects. Here is an example of international conferences and workshops in Economics held in Bosnia and Herzegovina:

• Kyiv International Economic Forum (KIEF);
• Bosnian Economic Association Annual Meeting;
• International Conference on Applied Economics;
• International Scientific Conference “Economic Development Perspectives”;
• Eastern European Economics and Business Conference;
• International Workshop on Econometrics and Statistics.