Master of Business Finance

Riga Technical University
Business Finance
Masters
Business & Management
Public University
Latvia

The Master of Business Finance at Riga Technical University is an advanced program focused on corporate finance, financial management, investment analysis, accounting, and strategic financial decision-making. The program develops analytical and managerial skills needed to manage financial resources and evaluate business performance in complex economic environments.

Course Details

Category	Details
Time	Full Time
Campus	Riga
Duration	2
Deadline-Date	1-October,1-May,
Fee Per Year	3500
Application Fee	150
Currency	Euro
Intake Link	https://www.rtu.lv/lv/studijas/uznemsana
Deadline Link	https://www.rtu.lv/lv/studijas/uznemsana
Intakes	January
Program language requirement	TOEFL iBT 72,TOEFL paper based 532,IELTS 5.5,TOEIC 780,Cambridge English B2 First( Pass),Pearson PTE 59,Duolingo 100

Who can Choose this program?

Bachelor’s degree In Finance, Accounting, Business Administration, Economics, Management, or a related field

Additional Information

Category	Details
Scope of the program	Graduates can pursue careers as Financial Analysts, Finance Managers, Investment Analysts, Corporate Finance Specialists, Risk Managers, Financial Controllers, Treasury Specialists, Business Analysts, and Financial Consultants. Employment opportunities are available in banks, investment companies, financial institutions, corporations, consulting firms, and government organizations.
Program entry requirement	Must hold a Bachelor’s degree (or equivalent) with transcript from a recognised institution.
Required GPA	The overall grades attained in a bachelor's degree must be a minimum of 60%.
GRE Required	GRE is not required
GMAT Required	GMAT is not required
Application Process	Application Process in Latvia for International Students 1. Choose a university and study program. 2. Check the admission requirements and application deadlines. 3. Prepare the required documents (passport, academic transcripts, English language test results, SOP, CV, and other supporting documents). 4. Submit your application through the university's online application portal. 5. Pay the application fee (if applicable). 6. Receive and accept the admission offer. 7. Pay the tuition fee or enrollment deposit. 8. Apply for a Latvia student visa or residence permit (if required). 9. Travel to Latvia and complete your university registration after arrival.
Available Scholarships	https://studyabroadupdates.com/scholarships/
Program accreditation	The program is accredited in Latvia and aligned with the Latvian Qualifications Framework (LQF) and European Qualifications Framework (EQF), supporting recognition of the qualification within Europe.
Living expenses	Living Costs in Latvia The amount of money you need each month to pay for rent, food, and transit is between 450 and 700 EUR. The average cost of living in Latvia is broken down as follows: 1. Accommodation at the university: 70–120 EUR per month 2. Rent (private flat): EUR 100–350 per month 3. Monthly utilities: between 115 and 185 euros 4. groceries and meals: 120–250 EUR per month 5. public transport pass: 10–16 EUR each month
Visa Process Details	1. Passport: Valid passport with old ones if available (Mandatory). 2. CNIC / B-Form / FRC: ID and family relation documents (Mandatory). 3. Photographs: Biometric/passport-sized photo (Mandatory). 4. Offer Letter: Official unconditional admission letter (Mandatory). 5. Tuition Fee Receipt: Deposit, payment, or scholarship proof (Mandatory/Conditional). 6. Academic Documents: Transcripts and degrees with attestations (Mandatory). 7. Language Certificate: IELTS, TOEFL, or language proof (Conditional). 8. CV / Resume: Updated resume with gap details (Mandatory/Conditional). 9. SOP / Motivation Letter: Study plan and home ties explanation (Mandatory/Conditional). 10. Financial Documents: Bank statements, income, and funds proof (Mandatory). 11. Sponsor Documents: Sponsor ID, relation, affidavit, and income proof (Conditional). 12. Accommodation Proof: Housing booking or address (Mandatory/Conditional). 13. Insurance: Travel/health insurance (Mandatory/Conditional). 14. Police Certificate: Character certificate if required (Conditional). 15. Medical Certificate: Medical/TB/polio clear certificate (Conditional). 16. Translations / Legalization: Certified translations or attestations (Conditional). 17. Previous Refusals: Refusal letters with explanations (Mandatory if applicable). 18. Travel History: Visas, stamps, and travel proof (Conditional). 19. Family / Home Ties: Property, business, or family return proof (Recommended). 20. Country-Specific: University invitation or approval details (Country-specific). 21. Country-Specific: Proof of accommodation in Latvia (Country-specific). 22. Country-Specific: Health insurance and legalization/translation (Country-specific).
Part timework	Part-Time Work in Latvia • Hours: Bachelor’s students can work up to 20 hours per week during semesters and 40 hours per week during holidays. Master's and PhD students have no hourly restrictions. • Average Pay: Typically ranges from €400 to €600 per month depending on the city and sector. The official national minimum wage stands at €780 per month. • Common Fields: Delivery platforms (Bolt/Wolt), international call centers, retail, hospitality, and corporate IT/business internships.
Post-study work opportunity	Post-Study Work Opportunities • Stay-Back Window: Upon graduation, international students are granted a job-seeking buffer period: 4 months for Bachelor's and Master's graduates, and up to 9 months for PhD holders. • Full Work Permit: Once you secure an official job contract relevant to your degree, you can convert your status into a standard Temporary Residence Permit (TRP) based on employment. • Path to PR: Working legally on a residency permit for 5 continuous years qualifies you to apply for Permanent Residency (PR).

What are the application requirements for the Master's in Business Finance at Riga Technical University?

Applicants must hold a Bachelor's degree (or equivalent) with a transcript from a recognised institution. The overall grades attained in the bachelor's degree must be a minimum of 60%. English language proficiency is also required, with various accepted tests such as IELTS, TOEFL, and others.

What is the tuition fee for the Master's program in Business Finance?

The tuition fee for the Master's in Business Finance at Riga Technical University is €3,500 per year, with an additional application fee of €150.

What is the duration of the Master's in Business Finance program?

The duration of the Master's in Business Finance program is 2 years when pursued on a full-time basis.

Are there part-time work opportunities for students at Riga Technical University?

Yes, Master's and PhD students have no hourly restrictions on part-time work. While Bachelor's students can work up to 20 hours per week during semesters and 40 hours per week during holidays.

What career options are available after completing the Master's in Business Finance?

Graduates can pursue careers as Financial Analysts, Finance Managers, Investment Analysts, Corporate Finance Specialists, Risk Managers, Financial Controllers, Treasury Specialists, Business Analysts, and Financial Consultants. Employment opportunities are available in banks, investment companies, financial institutions, corporations, consulting firms, and government organizations.