Master of Smart Economics & Innovations

The Master of Smart Economics & Innovations at Daugavpils University is a two-year, full-time master’s program (120 ECTS) taught in English. The program focuses on digital transformation, innovation management, smart economics, entrepreneurship, and sustainable business development. Students develop analytical, leadership, and problem-solving skills to manage innovation and drive economic growth in a rapidly evolving global economy.

Course Details

CategoryDetails
TimeFull Time
CampusDaugavpils
Duration2
Deadline-Datetbc,11-May,
Fee Per Year3300
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?

One of the following (or closely related): Economics Business Administration / Management Finance / Accounting Innovation Management Marketing Information Technology (with business/economic interest) Social Sciences (with economic/quantitative focus) Any Bachelor’s degree – this program is relatively open to diverse backgrounds

Additional Information

CategoryDetails
Scope of the programGraduates can pursue careers as Innovation Managers, Business Analysts, Economic Consultants, Project Managers, Strategy Consultants, Entrepreneurship Advisors, and Digital Transformation Specialists. Employment opportunities are available in government agencies, multinational companies, consulting firms, startups, financial institutions, and research 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 Smart Economics & Innovations program at Daugavpils University?

The duration of the Master of Smart Economics & Innovations program at Daugavpils University is two years, and it is offered as a full-time program.

What are the tuition fees for the Master's program in Smart Economics & Innovations?

The tuition fee for the Master's program in Smart Economics & Innovations is 3,300 Euro per year.

What are the entry requirements for the Master of Smart Economics & Innovations program?

To enter the Master of Smart Economics & Innovations program, applicants must have a Bachelor's degree with a minimum overall grade of 60% and provide a transcript along with an original and notarised English copy.

Are there any scholarships available for international students at Daugavpils University?

Yes, there are scholarships available for international students. More information can be found at the provided scholarship link: https://studyabroadupdates.com/scholarships/.

What language proficiency tests are accepted for the Master of Smart Economics & Innovations program?

The accepted language proficiency tests for the program are IELTS (minimum score of 6.0), TOEFL iBT (minimum score of 78), Pearson PLC Level 3 (B2), Cambridge English (160), ECL B2, and PeopleCert B2.

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