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Study MBA in Montenegro 2024

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Basic monthly living cost

  • Rent in a shared flat

  • Share of utilities

  • Internet subscription

  • Local transportation


Sample lifestyle cost

  • Fast food combo

  • Cinema ticket

  • Pint of local beer


About Montenegro

Montenegro is located in Southeastern Europe, and shares its borders with Croatia, Bosnia, Herzegovina, Serbia, and Albania, as well as the Adriatic Sea. The capital of Montenegro, Podgorica, is also the largest city in the country. Montenegro is a young country, having declared independence from the jointly titled state Serbia and Montenegro in 2006. This nation boasts a population of about 620,000, and is a member of the United Nations and the World Trade Organization. The geography of Montenegro features some of the most rugged mountains in Europe, with its highest peak, Bobotov Kuk, reaching 8,274 feet. Montenegro also contains an incredible level of biodiversity with wide-ranging species of flora, fish, birds, amphibians, and reptiles that all call the area home.

Schooling Options Available

Students who study business in Montenegro have the option to attend school at the public university or the two private universities that are available. Individuals can earn a Bachelor, Master, or Doctorate at these institutions. Enrollment at these universities is competitive and often the performance at a secondary school is considered during admissions. Classes are taught in both Serbian and Montenegrin, as most of the population speaks those two languages.

Academic Year

The academic year in Montenegro is divided into two semesters, winter and summer. Each semester lasts 16 weeks with final exams being held in the last week of the given semester. There is a break between semesters for the holidays, as well as other various school holidays throughout the study year for the observation of public or religious occasions.

Cost Specifics

The cost to study business in Montenegro can vary depending on how much time a student is able to devote to their schooling as well as specific program fees, boarding, and the cost of books or other requirements. Students can offset the cost of their education by applying for scholarships, financial aid, and other benefit programs.

The Time Required to Earn a Degree

Earning a Bachelor in Business can take from two to four years of full-time academic work, a Master requires typically two to three years of education beyond any prerequisite requirements, and a Doctorate involves another two to three years of schooling beyond any required Master work.

The Benefits of Earning a Business Degree in Montenegro

Deciding to study business in Montenegro can be incredibly beneficial for graduates, as they gain increased career opportunities, a competitive edge over other candidates when applying for jobs, and a multidisciplinary education in a number of subjects, such as accounting, economics, finance, marketing, and human resources. Graduates also gain a greater global perspective by choosing to earn their degree in Montenegro.