Home / The University / Faculties / Faculty of Economics and Business Administration / News / Sofia University’s FEBA has become the first AMBA accredited business school in Bulgaria

   

06.06.2023

 

The Faculty of Economics and Business Administration of Sofia University St. Kliment Ohridski has officially received accreditation from the Association of MBAs (AMBA), one of the world’s leading authorities on post-graduate business education, demonstrating its continuing commitment to excellence in management education.

Upon receiving AMBA accreditation, all current MBA students and recent MBA alumni of The Faculty of Economics and Business Administration of Sofia University “St. Kliment Ohridski” are invited to join in AMBA’s global member community of more than 60,000 students and alumni in more than 150 countries on a free basis, for networking, thought leadership, career development, and a variety of benefits.

Accreditation from the Association of MBAs (AMBA) represents the highest standard of achievement in post-graduate business education. Its rigorous assessment criteria ensure that only the highest-calibre programmes which demonstrate the best standards in teaching, curriculum, and student interaction achieve Association of MBAs accreditation.

 

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PHOTO: The FEBA’s Dean Assoc. Prof. Atanas Georgiev, and the MBA program director Assoc. Prof. Ivan Angelov officially received the accreditation certificate.

The Faculty of Economics and Business Administration at Sofia University “St. Kliment Ohridski” (FEBA) is a leading institution in Bulgaria and Southeast Europe for research and education in economics, finance, and management.

AMBA has recently accredited the MBA at the school. The MBA has three areas of specialisation - the MBA in Strategic Management, the MBA in Human Resource Management and the MBA in Management Information systems.

Members of AMBA’s accreditation panel commended the leading reputation of the Faculty of Economics and Business Administration and Sofia University “St. Kliment Ohridski” nationwide.

The panel also noted the faculty’s drive for continuous improvement and for meeting international standards.

Finally the panel noted the dedication and passion of the faculty – particularly in their diversity and their energy for change.

Assoc. Prof. Dr. Atanas Georgiev, Dean of the Faculty of Economics and Business Administration at Sofia University “St. Kliment Ohridski” said: “The first international accreditation of our business school opens a new chapter for MBA education in Bulgaria and for the Faculty of Economics and Business Administration at Sofia University. The rigorous accreditation standards of AMBA, combined with our best practices and strong support from the business community and alumni, will be a guarantee for the sustainable development of our programmes. We also are looking forward to the new collaboration opportunities as part of the AMBA-accredited business schools’ network”.

AMBA accreditation is international in scope and reach, and AMBA works under the belief that accredited programmes should be of the highest standard and reflect changing trends and innovation in post-graduate management education. Its accreditation process reflects this commitment to fostering innovation, and demanding business schools perform at the highest level continually.

Andrew Main Wilson, Chief Executive of the Association of MBAs and Business Graduates Association (BGA) said: ‘I would like to congratulate everyone at The Faculty of Economics and Business Administration of Sofia University “St. Kliment Ohridski” for this accreditation, particularly as this school now represents the only school in our network based in Bulgaria.

“AMBA accredits the top 2% of business schools globally and therefore I am delighted to welcome this school to the AMBA family and look forward to working with the school in the future”.

For more information or interviews, please contact:

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About the Faculty of Economics and Business Administration of Sofia University St. Kliment Ohridski (FEBA):

The Faculty of Economics and Business Administration at Sofia University “St. Kliment Ohridski” (FEBA) is a leading institution in Bulgaria and Southeast Europe for research and education in economics, finance, and management. FEBA is part of the oldest and most renowned research university in Bulgaria, which is the most internationally visible Bulgarian higher education institution. Its 66 full-time academic staff, 100+ part-time lecturers and 1660+ students form a strong community, supported by thousands of alumni and more than 160 leading international and national partners from the business, the public sector, and the NGO sphere.

FEBA’s efforts support Sofia University’s path to sustainability and SDG goals implementation through UNGC and UN PRME membership and reporting.

FEBA is a national leader in executive training in topics such as ESG reporting; AI for business and finance; energy markets and services; water utilities management; etc.

Within Sofia University, FEBA is also a leader in terms of incoming mobility due то its courses and curricula being taught in four languages: Bulgarian, English, German, and French.

Find a list of all AMBA accredited Schools HERE.

About AMBA & BGA

Spearheading excellence and trailblazing innovation, for more than 50 years the Association of MBAs (AMBA) has been the impartial authority on post-graduate management education. AMBA established that vision in 1967 and, in a volatile, uncertain world, it's as relevant today as it was then. We are committed to raising the profile and quality standards of business education internationally, for the benefit of Business Schools, students and alumni, employers, communities and society.

  • Our accreditation service is the global standard for all MBA, DBA and master’s degrees, currently accrediting programmes from the top 2% of Business Schools in more than 75 countries.
  • Our Research and Insight Centre produces a rich body of reports exploring global trends in the business education sector. This drives our global thought leadership and public affairs campaigns.
  • We are the only professional membership association that connects MBA students and graduates, accredited Business Schools and MBA employers throughout the world.
  • Through our members, AMBA is building an international force for good, championing best practice, responsible management and sustainability. Membership to AMBA means being part of an international community of peers with access to business strategy thought leadership, career advice and knowledge, and an MBA jobs portal.
  • Our multi-award-winning events offer networking opportunities online and in person across all continents in association with international corporate partners and thought leaders exclusively for our members and accredited Business Schools.

The Business Graduates Association (BGA) is an international membership and accreditation body of world-leading and high-potential Business Schools that share a commitment for responsible management practices and lifelong learning, and that are looking to provide a positive impact on their students, communities and the economy as a whole. We offer:

  • Quality assurance services to Business Schools and similar institutions, aimed at continuous improvement and positive impact to increase a Business School’s credibility and influence.
  • Consultation and mentorship services to Business Schools to improve their marketing and admissions, programme design, alumni interaction, teaching methods, and career development services.
  • Award-winning international events for Business School professionals, focused on continuous learning.
  • Student and graduate membership, which includes social networking events worldwide, professional development tools, a Career Development Centre, and much more.
  • Leading and award-winning content on responsible management, professional and personal growth, and influence via the Business Impact content hub.