Topic outline

  • Business and Management (Master)

    General

    course-pano

    • The program provides an effective multidisciplinary educational approach focusing on real business world practice, oriented on supporting the needs of management in the era of digital transformations. These allow to acquire rich portfolio of managerial skills and competences aimed on the decision making, organizational culture, corporate responsibility, growth and performance.

  • Short information about the program

    Programme title: Business and Management

    Faculty: Transport & Management Faculty

    Awarded academic degree: Master of Social Sciences in Management (Sociālo zinātņu maģistrs vadībzinātnē)

    Accreditation: until 02.09.2026

    Study languages: English

    Duration of program: 2, 5 years (5 semesters)

    Programme volume: 80 credit points

    Tuition Fee: 1700 EUR/per year (850 EUR/per semester)

    Enrolment requirements: Bachelor’s degree or Level 2 professional higher education in business and economics sciences; Bachelor’s or Master’s degree in other social sciences or related sciences and two years of work experience in business and economics; Bachelor’s and Master’s degree in other sciences and at least 5 years of experience in business and economics.

    Programme Director: Professor. Irina Kuzmina-Merlino, Dr. oec.

    • Short annotation of the program

      The Master's program is designed to help students develop a rational analytical approach to solving business problems and to affecting the internal change within the business by using modern management technologies, that allow to acquire the competencies to operate as manager or as entrepreneur, making our graduates employable.


      Subject

      CP (LV)

      ECTS (EU)

       

      Block A: Mandatory Courses

       

       

      Strategic Management

      4

      6

      Pedagogics and Psychology

      2

      3

      Research Methodology

      2

      3

      Corporate Governance and Social Responsibility

      2

      3

      Research Seminar

      4

      6

      Labour Safety, Civil Defence and Environment Protection

      2

      3

      Study Project

      2

      3

      Financial Management

      4

      6

      Quantitative Methods for Management

      2

      3

      Methods of Data Analysis and Business Forecasting

      4

      6

       

      Block B: Specialization Courses

       

       

      Management of Innovation

      2

      3

      International marketing and advertising

      4

      6

      Latvian Language

      2

      3

      English for Academic Purposes

      2

      3

      Project Management and Financing

      4

      6

      Managerial Finance

      4

      6

      Financial and Management Analysis

      4

      6

      Decision Making Methodologies

      2

      3

      Business Information Systems

      4

      6

      The Global Economy and International Business Environment

      4

      6

       

      Block C: Elective  courses

       

       

      Subjects of Free Choice

      4

      6

      • What will student receive after graduation

        Managers today need multidimensional skills in finance, market analysis, project management and global economics. During the study process the students will learn how to understand the needs of customers; how to develop the strategy ensuring the strategic and operational goals of a modern company.

        The students will be able:

        1. Based on the theory of management, choose a management style that is adequate to the conditions of the company business activity, its organizational structure, organizational culture and behavior;
        2. To know the modern methods of management of information flows for solving managerial objectives;
        3. To be able to analyze and evaluate the theory of management, leadership and motivation;
        4. To explain and evaluate the impact of environmental factors on internal processes in the organization;
        5. To be able to prepare the master budget, using modern information technologies and methods of data processing;
        6. To master the skills of making managerial decisions, critically evaluating their ethical side;
        7. To be able to critically assess the consequences of management decisions and measure their projected results;
        8. To apply a scientific approach to solving a management problem and developing a management decision. 

        Learning outcomes:

        • Professional competences and values
        • Scientific research skills
        • Pedagogical skills
        • Analytical skills
        • Work in team and individual self-organization
        • Critical thinking
        • Communication, negotiation skills
        • Business process modeling and optimization
        • Сooperation and collaboration abilities
        • Adaptation in multicultural environment.

        • Career opportunities


          • Different levels of management in an organization   
          • Director of department
          • Commercial director
          • Project manager
          • Manager of department of Strategy and Development
          • Business processes organization manager
          • Human resource manager
          • Controller
          • Business analyst
          • Consultant

          • Some companies, where graduates of this programme work


            Tez Tour Latvija, airBaltic, Cargomax, SIA Deliar, A/S "BLB Baltijas Termināls”, SIA"4financeIT”, Wellness Travel Group, Diatom Enterprises, SGS Latvija Ltd., AS "NORVIK BANKA”, Dinotrans SIA, VCA Pavnieki, Media House, SIA Eltel Networks, AAS Baltikums, Latvijas pasta banka AS, EHR Mediju Grupa, Rīgas Centrālcietums, A/S Balticom, Pricewaterhouse, Coopers SIA, etc. 

            • Leading professors


              Inna Stecenko, 

              Dr.oec., Professor

              Irina Kuzmina-Merlino, 

              Dr.oec., Professor


              Yulia Stukalina, 

              Dr.sc.admin., Mg.paed., Professor