Master of Economic Security

The Master of Economic Security at Daugavpils University is a two-year, full-time master’s program (120 ECTS) taught in English. The program equips students with advanced knowledge of economic security, risk management, financial analysis, corporate governance, and strategic decision-making. Students develop analytical and practical skills to identify economic risks and create sustainable solutions for businesses and public institutions.

Course Details

CategoryDetails
TimeFull Time
CampusDaugavpils
Duration2
Deadline-Datetbc,11-May,
Fee Per Year
Application Fee
CurrencyEuro
Intake Linkhttps://du.lv/gribu-studet/uznemsana/
Deadline Linkhttps://du.lv/gribu-studet/uznemsana/
IntakesJanuary
Program language requirementIELTS 6.0,TOEFL iBT 78,Pearson PLC Level 3 (B2),Cambridge English 160,ECL B2,PeopleCert B2

Who can Choose this program?

Bachelor’s degree in a relevant field, specifically: Economics (preferred) Finance / Banking Business Administration / Management Law (with economic/financial crime focus) Security Studies / National Security Political Science (with economic policy focus) International Relations (with economic security focus) Criminology (with financial crime focus – less common) Public Administration (with economic policy focus)

Additional Information

CategoryDetails
Scope of the programGraduates can pursue careers as Economic Security Specialists, Risk Managers, Financial Analysts, Compliance Officers, Business Consultants, Internal Auditors, Corporate Security Managers, and Policy Advisors. Employment opportunities are available in financial institutions, government agencies, consulting firms, multinational companies, and private organizations.
Program entry requirementMust have a Bachelor’s degree + transcript with at least 60% pass mark. Original + notarised English copy required and legalised.
Required GPAThe overall grades attained in a bachelor's degree must be a minimum of 60%.
GRE RequiredGRE is not required
GMAT RequiredGMAT is not required
Application ProcessApplication 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 Scholarshipshttps://studyabroadupdates.com/scholarships/
Program accreditationThe program is officially accredited in Latvia and recognized under the Latvian Qualifications Framework (LQF) and the European Qualifications Framework (EQF), ensuring international recognition of the degree.
Living expensesLiving 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 Details1. 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 timeworkPart-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 opportunityPost-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 is the duration of the Master of Economic Security program at Daugavpils University?

The Master of Economic Security program at Daugavpils University has a duration of two years, offered as a full-time study program.

What are the admission requirements for the Master of Economic Security program?

Applicants must have a Bachelor's degree with a transcript showing at least a 60% pass mark. An original and notarised English copy of the documents is required, along with other application materials.

What career opportunities are available for graduates of the Master of Economic Security program?

Graduates can pursue careers as Economic Security Specialists, Risk Managers, Financial Analysts, Compliance Officers, Business Consultants, Internal Auditors, Corporate Security Managers, and Policy Advisors, among others.

Is work allowed while studying for a Master's degree in Latvia?

Are there any scholarships available for international students applying to Daugavpils University?

Yes, there are scholarships available for international students. More information can be found on scholarship-related websites.

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