Updated on Jan, 09 2025 01:00 IST
Study Finance in Romania: Fees & Admission
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Do you want to pursue your further studies in the field of finance? With globally recognised finance degree, universities in Romania provide quality education and latest facilities to students who seek to build a professional career. Learn all about the financial sector and how the economy works by choosing to study finance in Romania. You can play a major role in the world economy if you gather the necessary skills to work in public sector jobs after completing your bachelor’s or master’s in finance from a reputed Romanian University. Curious to know more about the admission process to study finance in Romania? We have outlined a detailed process for the same. Read on to know more.
Below are a few reasons to study Finance in Romania:
Global Recognition: Globally recognised finance degrees allow students to pursue further studies or even build a professional career in any part of the globe.
Affordable Fees: To Study Finance in Romania costs a maximum of 4,000 Euros per year from a reputed Romanian University which is quite affordable specially for international students.
Quality Education & Other Facilities: With the most modern facilities that involve the use of latest technologies and exchange programs for global exposure to students, Romanian Universities are known for quality education.
Practical Experience: Fieldwork is mandatory in the final year to study finance in Romania which provides students with the exposure they need to work professionally.
Higher Education: Students can choose to pursue a master’s degree or even a PhD in a similar field from a Romanian University or anywhere around the globe due to the globally recognised degree.
Programs Taught in English: English language as the medium of instruction is one of the best provisions by Romanian Universities. Due to this, students from any country can join the program and excel in it.
Schengen Visa: Students can avail the benefits of a Schengen Visa when they get approved for a Romanian Visa. The benefits include traveling to other Schengen destinations all over Europe within 180 days of approval of the Visa.
Below is a list of eligibility criteria that are essential for you to know to study Finance in Romania. We have mentioned the criteria for bachelor’s and master’s programs separately.
Eligibility Criteria – Study Finance in Romania – Bachelor’s
Educational criteria: Students must pass their 12th or an equivalent degree, preferably in the Accounts or Commerce stream, with at least 60% marks.
Application criteria: Universities in Romania release application forms in the month of April/May and then in the month of September/October. You need to make sure that the application is filled out correctly and submitted before the due date.
Entrance Exam: To assess the students language proficiency, universities in Romania offer internal entrance exams that is mandatory for students to appear for.
Additional criteria: 2-3 letters of recommendation, a personal statement of purpose, and a medical certificate certifying the student to be medically fit are some additional documents required to study finance in Romania.
English proficiency requirements: Universities in Romania offer English, Romanian, and French as a medium of instruction. Some universities also offer German under certain conditions. Students can either submit an MOI (medium of instruction) certificate issued by the previous university or can appear for the below tests and provide certificates for the same:
IELTS: 6.5 and above
TOEFL: 70 and above
CAE, CPE, AQA, DELF, DALF, TCF, TEF, TFI, Diplome de l’Alliance Française, bilingual class certificate.
Eligibility Criteria – Study Finance in Romania – Master’s
Educational criteria: Students must pass their bachelor’s in finance or have an equivalent degree with at least 60% marks.
Application criteria: Universities in Romania release application forms in the month of April/May and then in the month of September/October. You need to make sure that the application is filled out correctly and submitted before the due date.
Entrance Exam: To assess the students language proficiency, universities in Romania offer internal entrance exams that is mandatory for students to appear for.
Additional criteria: 2-3 letters of recommendation, a personal statement of purpose, and a medical certificate certifying the student to be medically fit are some additional documents required to study finance in Romania.
English proficiency requirements: Universities in Romania offer English, Romanian, and French as a medium of instruction. Some universities also offer German under certain conditions. Students can either submit an MOI (medium of instruction) certificate issued by the previous university or can appear for the below tests and provide certificates for the same:
IELTS: 6.5 and above
TOEFL: 70 and above
CAE, CPE, AQA, DELF, DALF, TCF, TEF, TFI, Diplome de l’Alliance Française, bilingual class certificate.
Universities in Romania release application forms in the month of April/May and then in the month of September/October. You need to make sure that the application is filled out correctly and submitted before the due date. Professionals at Team Anigdha are well-versed in the entire admission process which can make things easier for you.
Here is the list of documents required to be attached to your application form to study Finance in Romania – Bachelors:
A Valid Passport (Front and Back)
A National ID (Aadhar Card)
10th, 11th and 12th Passing Certificates (Academic)
Passport size photo (5-6, with white background)
School Bonafide Certificate
Medical Fitness Certificate
Language Proficiency Marksheets (IELTS/TOEFL)
2-3 Letters of Recommendation from School
Birth Certificate
Here is the list of documents required to be attached to your application form to study Finance in Romania – Masters:
A Valid Passport (Front and Back)
A National ID (Aadhar Card)
10th, 11th and 12th Passing Certificates (Academic)
Medical Fitness Certificate
Passport size photo (5-6, with white background)
School Bonafide Certificate
Graduation Passing Certificate (Bachelor’s Degree)
Language Proficiency Marksheets (IELTS/TOEFL)
2-3 Letters of Recommendation from School
Birth Certificate
Universities in Romania offer English, Romanian, and French as a medium of instruction. Some universities also offer German under certain conditions. Students can either submit an MOI (medium of instruction) certificate issued by the previous university or can appear for the below tests and provide certificates for the same:
IELTS: 6.5 and above
TOEFL: 70 and above
CAE, CPE, AQA, DELF, DALF, TCF, TEF, TFI, Diplome de l’Alliance Française, bilingual class certificate.
A bachelor’s in Finance lasts for 3 years. Learn all about the financial sector and how the world economy works.
A master’s in Finance spans 2 years. Supervised by experts, indulge in extensive fieldwork and learn how the actual job is done.
Below is the fee structure of the Italian universities where you can seek admission into a bachelor’s or master's degree course to study Finance in Romania:
| Name of the University | Bachelor’s fees/year | Master’s fees/year |
|---|---|---|
| West University of Timisoara | 500 - 1,000 | NA |
| Babes-Bolyai University | 3,500 - 4,000 | NA |
| Romanian-American University | NA | 3,500 - 4,000 |
| Universitatea De Vest Din Timisoara | NA | 1,500 - 2,000 |
| Danubius University | NA | 2,500 - 3,000 |
We would also like to introduce you to some of the top Italian universities in Romania that offer bachelor’s/master’s degrees in Finance.
| Sr No | University Name | Type | Duration | Program Name |
|---|---|---|---|---|
| 1 | West University of Timisoara | Bachelors | 3 Years | Finance and Banking |
| 2 | Babes-Bolyai University | Bachelor | 3 Years | Finance and Banking |
| 3 | Romanian-American University | Masters | 2 Years | Finance |
| 4 | Universitatea De Vest Din Timisoara | Masters | 2 Years | International Corporate Finance |
| 5 | Danubius University | Masters | 2 Years | Public and Private Financial Management |
| 6 | Danubius University | Masters | 2 Years | Financial Management of Affairs in the European Space |
| 7 | Danubius University | Masters | 2 Years | Shipping International Trade and Finance |
Below is a detailed overview of the application process to study Finance in Romania. You can always seek help from an expert at Anigdha during the entire process.
Admission Process – Study Finance in Romania – Bachelor’s
Since the core area of study involves finance, make a list of universities that offer a bachelor in finance in Romania.
Match the eligibility criteria, and shortlist the universities that you are eligibile for and are interested in.
Go to the shortlisted university websites and fill out the application form for each. Team Anigdha will assist you with the application process.
Next step is to prepare for the proficiency tests, as well as internal entrance exam. Experts at Anigdha will be by your side at every step of the way.
Team Anigdha will provide you with a checklist of necessary documents required at the time of admission. Make sure to collect all of that.
After you receive an approval letter from the university, Team Anigdha will attach the letter to your Visa application, to expedite the process.
After the Visa is approved, which will take a maximum of 45 days, professionals at Anigdha will assist you in getting HRD and apostille completed on your documents.
The last step is to find a place to stay while you study finance in Romania. Team Anigdha will help you find a suitable accommodation based on your requirement and budget.
Admission Process – Study Finance in Romania – Master’s
Since the core area of study involves finance, make a list of universities that offer a bachelor in finance in Romania.
Match the eligibility criteria, and shortlist the universities that you are eligible for and are interested in.
Go to the shortlisted university websites and fill out the application form for each. Team Anigdha will assist you with the application process.
Next step is to prepare for the proficiency tests, as well as internal entrance exam. Experts at Anigdha will be by your side at every step of the way.
Team Anigdha will provide you with a checklist of necessary documents required at the time of admission. Make sure to collect all of that.
After you receive an approval letter from the university, Team Anigdha will attach the letter to your Visa application, to expedite the process.
After the Visa is approved, which will take a maximum of 45 days, professionals at Anigdha will assist you in getting HRD and apostille completed on your documents.
The last step is to find a place to stay while you study finance in Romania. Team Anigdha will help you find a suitable accommodation based on your requirement and budget.
For how long can I stay in Romania after completing my studies?
You can stay for 9 months at the most, and extend your stay only if you get a work permit after getting a job in Romania.
Is it mandatory to appear for English proficiency tests such as IELTS/TOEFL?
No, Romanian Universities conduct entrance exams. Students can appear for the same and do not need to appear for any other proficiency tests if they clear the entrance exam.
What is a Schengen Visa?
A Schengen Visa is one that allows you to travel to other Schengen countries in Europe within 180 days of getting the Visa. Romania is a Schengen country and you can choose to travel from 175 other Schengen countries in Europe with the same Visa.
Can I work part-time while I study finance in Romania?
Yes, students get to work 20 hours of part-time jobs with their study so that they can support their living cost.
What jobs can I get after I study Finance in Romania?
Accountant, Financial analyst, Budget analyst, Compliance and Audit officer are the top positions that you can get after studying Finance in Romania.
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