Bosnia and Herzegovina, Sarajevo

University of Sarajevo

Bachelor, MBA

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Faculty of Economics in Sarajevo was founded in 1952.

It is the only educational institution in BiH, which is a member of EFMD and AACSB. EFSA has earned the accreditation of the Austrian Agency for Quality Assurance – AQA. At this point, the EFSA is the only university in Bosnia and Herzegovina, which owns the European accreditation, which means that this institution and its diplomas recognized in the European educational space. The 2009th, EFSA was honored with Eduniversal Palmes Certificate. This certification highlights the growing success of these institutions at the international level and puts the Faculty of Economics in Sarajevo HU 1000 best business schools in the world. According to Webometrics – in, a system that evaluates universities around the world to web activities, our college is ranked a respectable 390th place among the 400 best business schools in the world.

The Country

Bosnia and Herzegovina sometimes called Bosnia-Herzegovina, abbreviated BiH, is a country in Southeastern Europe. Its capital and largest city is Sarajevo. Bosnia and Herzegovina is regionally and internationally renowned for its natural beauty and cultural heritage inherited from six historical civilizations, its cuisine, winter sports, its eclectic and unique music, architecture and its festivals, some of which are the largest and most prominent of their kind in Southeastern Europe. The country is home to three ethnic groups or, officially, constituent peoples, a term unique for Bosnia and Herzegovina. Bosniaks are the largest group of the three, with Serbs second and Croats third.

The City

Sarajevo is the capital and largest city of Bosnia and Herzegovina. Sarajevo is the leading political, social and cultural center of Bosnia and Herzegovina, and its region-wide influence in politics, education, entertainment, media, fashion, science, and the arts contribute to its status as Bosnia and Herzegovina’s biggest and most important economic center. The city used to be famous for its traditional cultural and religious diversity, with adherents of Orthodoxy, Islam, Judaism and Catholicism and coexisting there for centuries. Sarajevo is also Bosanska metropola due to being the most important and influential city in the whole country. Sarajevo is one of the fastest developing cities in the region. Various new modern buildings have been built, most significantly the Bosmal City Center, BBI Centar and the Avaz Twist Tower, which is the tallest skyscraper in the Balkans. Baščaršija is Sarajevo’s old bazaar and the historical and cultural center of the city. Baščaršija is located on the north bank of the river Miljacka, in the municipality of Stari Grad.


You can find accommodation on the following pages Realitica and Pik.

Travel Opportunities

If you decide to go on student exchange in Bosnia and Herzegovina then you definitely need to see some of these places:

  • Jajce – old royal town in mountainous central Bosnia with 17 meter high waterfall in the city centre and many historical sights
  • Banja Luka – the second largest city, serving as the capital of Republika Srpska, with some historical sights and a rich nightlife
  • Bihać – city on Croatian border, surrounded by an impressive nature
  • Mostar – nice old town on Neretva River, symbolized by its medieval bridge
  • Neum – the only coastal town, with sandy beaches backed by steep hills
  • Kozara – national park in the northwest with dense forests and hilly meadows, a hiking and hunting destination.
  • Međugorje – village in Bosnia and Herzegovina. Following claims of visions of the Virgin Mary, Međugorje became a place of worldwide pilgrimage (in the first 20 years, more than 20 million), and one of the biggest prayer centres in the world, comparable to Lourdes and Fátima.