Faculty of Economics and Business, University of Belgrade

What Faculty of Economics and Business, University of Belgrade does

The Faculty of Economics and Business, University of Belgrade is a public higher education institution founded in 1937 as the Economic-Commercial High School and operating today as a constituent faculty of the University of Belgrade under the Republic of Serbia. It delivers undergraduate, master, and doctoral programs in economics, business management, and statistics, with 12 four-year undergraduate specializations, 8 master programs in Serbian, and 6 international master programs in English. The institution also operates dual-degree programs with the University of London, with the London School of Economics (LSE) as the academic carrier, covering BSc Economics and Finance (since 2017) and BSc Business and Management (since 2020). The faculty holds ACCA accreditation for its accounting program and EFMD membership, and is Bologna-compliant.

The faculty serves multiple student segments including Serbian high school graduates entering undergraduate programs, bachelor's degree holders pursuing master's specializations, and doctoral candidates in economics, business management, and statistics. It also engages with corporate partners through the Center for Cooperation with the Economy, which has signed approximately 900 cooperation agreements supporting over 1,300 student internships annually. The corporate ecosystem includes major employers on the Employers' Advisory Board such as Raiffeisen Bank, Banka Intesa, Delta Holding, KPMG, McKinsey, Merkator S, and Mona Hospitality Management.

Revenue is generated through multiple streams: government budget allocation from the Republic of Serbia (primary), tuition fees from private and international students, research and consulting services through the Scientific Research Center (NICEF, which has completed over 1,000 projects), publishing through the Center for Publishing Activities (CID, producing 80+ titles annually), summer school programs, and internship agreements. The institution maintains partnerships with over 100 foreign universities through Erasmus+ and bilateral agreements, and provides access to enterprise software platforms including SAP (1,000 licenses through University Alliances), LSEG EIKON, Stata, EViews, SPSS, and CESIM Business Simulation.

Name

Faculty of Economics and Business, University of Belgrade

Legal name

Faculty of Economics and Business, University of Belgrade (Економски факултет Универзитета у Београду)

Website

https://ekof.bg.ac.rs

Company type

Private

Founded year

1937

Operating status

Operating

Headcount range

101–250 employees

Short description

The Faculty of Economics and Business, University of Belgrade is a public higher education institution founded in 1937, offering undergraduate, master, and doctoral programs in economics, business management, and statistics. It serves Serbian and international students through dual-degree programs with the University of London (LSE) and supports applied research through NICEF and corporate partnerships.

Ownership category

akta.pro rank

Product category

Higher Education Services

NAICS

Colleges, Universities, and Professional Schools (611310), Colleges, Universities, and Professional Schools (61131)

SIC

Services-Educational Services (8200)

akta.pro industry

PRIMARYEDAHAAAF

Public Research Universities with Comprehensive Graduate & Professional Schools

Education/Higher Education (Colleges & Universities)/Public Research Universities

SECONDARYEDAHAHAE

Marketing, Sales & Brand Management Schools

Education/Higher Education (Colleges & Universities)/Business Schools & Management Institutes

Keywords

• Higher education services
• Economics and business degrees
• Academic research consulting
• Executive summer school programs
• Academic publishing services

Headquarters

HQ city

Belgrade

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Government Budget Allocation: As a public university within the University of Belgrade, the primary revenue comes from government funding allocated by the Republic of Serbia for educational activities
2. Tuition Fees: Revenue from tuition fees charged to private students and international students studying at the faculty; annual tuition decisions are published for each academic year
3. NICEF Consulting Services: Revenue generated through the Scientific Research Center (NICEF) from over 1,000 research and consulting projects implemented since its founding
4. CID Publishing Revenue: Revenue from publishing activities through the Center for Publishing Activities (CID), one of the main publishers in Southeast Europe with 80+ titles annually
5. Summer School Programs: Revenue from international summer school programs including Belgrade Summer School operating since 2019
6. Practice and Internship Agreements: Through the Center for Cooperation with the Economy, the faculty facilitates over 1,300 student internships annually through agreements with 900+ companies

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

The Faculty of Economics and Business, University of Belgrade is a public higher education institution delivering undergraduate (12 four-year specializations plus dual degrees with the University of London/LSE), master's (8 Serbian-language and international English-language programs), and doctoral studies in economics, business management, and statistics. It complements teaching with applied research and consulting services through its NICEF research center, in-house academic publishing (CID), and over 1,300 annual corporate internships across 900+ partner companies.

Product overview

Faculty of Economics and Business, University of Belgrade is a higher education institution offering undergraduate (OAS), master (MAS), and doctoral (DAS) study programmes in economics, business management, and statistics. The portfolio includes 12 four-year undergraduate specializations, 8 master programmes in Serbian and 6 international programmes in English, plus doctoral studies. Supporting units include NICEF (research center with 1,000+ projects), CID (publishing with 80+ annual titles), Center for Cooperation with Business (900+ company partnerships), Start-up Center, EKOF Lab (business simulation), and Belgrade Summer School. The Faculty also publishes journals including Economic Annals and Quarterly Monitor.

Differentiator

Problem solved

Functional benefit

Brands

• NICEФ (Naučno-istraživački centar): Scientific Research Center of Faculty of Economics - leading research institution in the country with over 1,000 completed projects
• CID (Centar za izdavačku delatnost)
• Economic Annals
• Belgrade Summer School
• Start-up Center

Products and services

• Undergraduate Studies (OAS) Four-year undergraduate program with 12 contemporary specializations (Economics and Finance, Economic Analysis and Policy, Marketing, Management, Tourism and Hotel Management, International Economics and Foreign Trade, Business Analysis and Consulting, Business Informatics, Applied Statistics and Quantitative Analysis, Accounting-Audit-Financial Management, Trade Marketing and Management, Finance-Banking-Insurance), including dual degree programs with the University of London (LSE) for high school graduates seeking economics and business degrees.
• Master Studies (MAS) Eight study programmes taught in Serbian covering Banking and Financial Management, Economics and Energy Management, Economic Analysis and Policy, Economic Policy and Sustainable Development, Quantitative Analysis, International Economic Relations, Business Management, Accounting/Controlling/Corporate Finance, Forensic Accounting, and Teaching of Economics; plus six international master programmes in English covering Applied Economics, Business Informatics, Taxation and Quantitative Finance for graduate candidates seeking advanced specialization.
• Doctoral Studies (DAS) Doctoral programme in Economics, Business Management, and Statistics for advanced researchers pursuing academic or research-intensive careers.
• NICEF Scientific Research Center Research and consulting center that has delivered over 1,000 research and consulting projects for government and corporate clients, including four current national research projects from the Ministry of Education, Science and Technological Development and several international projects.
• CID Center for Publishing Activities Academic publishing house specialized in textbooks and professional literature across theoretical economics, international economics, banking, management, marketing, finance, accounting, statistics, mathematics, and informatics, publishing over 80 titles annually as one of the main academic publishers in Southeast Europe.
• Center for Cooperation with the Economy Corporate engagement center managing cooperation agreements with approximately 900 partner companies, providing over 1,300 student internships annually and serving as the faculty's hub for the Employers' Advisory Board.
• Belgrade Summer School International summer school programme providing short-term academic and cultural exposure to international students, operating since 2019.
• Start-up Center Entrepreneurship incubator supporting students in transforming ideas into sustainable businesses, opened in 2017.
• EKOF Lab Business Simulation Laboratory Business simulation laboratory enabling students to practically apply and develop acquired academic knowledge through simulation-based learning.
• BSc Business and Management Programme (LSE dual degree) Undergraduate dual-degree programme in Business and Management conducted according to the University of London curriculum, with the London School of Economics (LSE) as carrier, granting a dual diploma from the University of Belgrade and the University of London.

Quantifiable outcome

• Over 50,000 graduates, 4,000+ master's graduates, 850+ PhD holders since 1937
• +3 more outcomes

Named customers8 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Twelve partnerships are on record, tiered core and flagship.

• SAP University AlliancescoreTechnology or Integration · 1 January 2019University of Belgrade is a member of SAP University Alliances providing 1,000 licenses. Faculty students access SAP software for ERP, Marketing Logistics, and Banking courses, with opportunity to obtain SAP certification.
• University of London (London School of Economics)coreStrategic or Co-development Partner · 1 January 2016Partnership established in 2016 for dual degree undergraduate programs. Since 2017, the Economics and Finance program offers students a dual diploma from the University of Belgrade and the University of London, with the London School of Economics (LSE) as the carrier. In 2020, the Business and Management program began under the same arrangement.
• Center for Cooperation with Economy Partners (900+ companies)coreStrategic or Co-development Partner · 1 January 2015Since October 2015, the Center for Cooperation with Economy has signed approximately 900 cooperation agreements with companies operating in Serbia and the region, providing over 5,000 student internships. Partners include Raiffeisen Bank, Banka Intesa, Delta Holding, KPMG, McKinsey, Merkator S, and Mona Hospitality Management.
• UNCTADcoreStrategic or Co-development Partner · 1 January 2014Faculty received status as permanent center for UNCTAD training in international trade policy since 2013
• Texas A&M University-CommerceflagshipStrategic or Co-development Partner · 1 January 2010First MBA (Master of Business Administration) program in Serbia established in partnership with Texas A&M University-Commerce
• University of NicecoreStrategic or Co-development Partner · 1 January 2006International master program organized in cooperation with University of Nice through TEMPUS program
• HEC PariscoreStrategic or Co-development Partner · 1 January 2003International postgraduate master program organized in cooperation with HEC Paris since 2003
• TEMPTUS Programme PartnerscoreStrategic or Co-development Partner · 1 January 1990First TEMPUS project coordinated by the Faculty of Economics in 1990, establishing early European academic cooperation
• School of Business, New York State University at AlbanycoreStrategic or Co-development Partner · 1 January 1985Partnership established in 1985 with first joint conference 'Comparative Management Systems'. One of the earliest international academic partnerships in the region.
• MicrosoftcoreTechnology or IntegrationUniversity of Belgrade qualifies for Microsoft Office 365 A1 licenses. Faculty students receive free access to Word, Excel, PowerPoint, OneNote via web, with Teams and OneDrive available for local installation.
• LSEG (London Stock Exchange Group)coreTechnology or IntegrationFaculty has access to LSEG EIKON platform providing extensive global financial indicators, real-time data, news, and analytics. Access available only from the faculty premises.
• Erasmus+ Partner Universities (100+)coreStrategic or Co-development PartnerInstitutionalized cooperation with over 100 foreign universities through Erasmus+ and other arrangements for student and staff exchanges

Scale indicators11 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• EDHEC Business School: European business school with EFMD membership, broad English/French program portfolio, and a strong international recruitment engine; a relevant comparable for the Faculty's international master's strategy and employer engagement model.
• London School of Economics and Political Science (LSE): LSE is the carrier institution for the Faculty's dual-degree Economics & Finance and Business & Management programs (since 2017/2020), making it both a strategic partner and the global benchmark against which the Faculty positions its premium undergraduate offerings.
• HEC Paris: HEC Paris has co-delivered an international postgraduate master program with the Faculty since 2003; both institutions focus on business, management, and economics education in Europe, making HEC a relevant incumbent peer for program design and international positioning.
• ESSEC Business School: French Grande École with EFMD and AACSB accreditations and a strong European footprint; comparable to the Faculty in terms of business/management focus and EFMD membership, and competes for the same European master's-level international applicants.

Direct peers

• University of Zagreb Faculty of Economics and Business: The largest economics faculty in Croatia and the closest geographic peer — both are public, founded mid-20th century, members of CESNEET, offer economics/business undergraduate through doctoral programs, and compete for the same Southeast European student pool.
• Corvinus University of Budapest: Corvinus is the leading economics and business university in Hungary and a direct regional peer: both are public Central European institutions teaching economics/management in local and English, with comparable ACCA/EFMD orientations and employer-driven program structures.
• Texas A&M University-Commerce: Partner institution since 2010 for the Faculty's MBA program — a direct peer in joint program delivery, AACSB-aligned curriculum, and online/hybrid management education in a public-university setting.

Emerging players

• Kozminski University: Poland's top-ranked private business school with strong international (English-language) and ACCA-aligned programs; competes with the Faculty for international students in Central Europe and is an emerging benchmark for English-taught business degrees in the region.

Regional players

• University of Belgrade — Faculty of Law: Sibling faculty within the same University of Belgrade; comparable public-university structure, governance, and Serbian funding base, but specializes in law rather than economics/business — useful for benchmarking intra-university resource allocation.
• Charles University — Faculty of Social Sciences: A Central European public university with economics, business, and social-science programs; comparable in scale and structure to the Faculty and a relevant peer for regional competition and Erasmus+ student mobility.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/watch?v=diTXor36CzU
• Instagraminstagram.com/ekofbg
• LinkedInlinkedin.com/company/faculty-of-economics-belgrade

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

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M&A

Investments

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Frequently asked questions about Faculty of Economics and Business, University of Belgrade