The Faculty of Economics and Management (FEM) has four study programmes: the academic bachelor’s Management studies programme (in English), the professional bachelor’s Business Management study programme, the professional master’s Business Management study programme, as well as the doctoral Business Management study programme. The FEM study programmes are included in the Management, Administration, and Real Estate Management study direction, which has received the highest score in terms of quality from the Ministry of Education and Science and has been accredited for the maximum period of six years.
Ventspils University of Applied Sciences is rapidly making its name in the international higher education market, offering study opportunities to students from abroad. FEM is providing such an opportunity as well, as studies in the bachelor’s programme Management Studies are conducted in English.
The FEM study programmes have been refined to meet the requirements of the labour market both in Latvia and elsewhere in Europe. In addition to lectures delivered by well-known academics from Latvia, FEM students have the opportunity to regularly attend lectures by qualified foreign lecturers from Switzerland, Belgium, Italy, Finland, Belarus and other countries. To prepare students for practical business and business management, a significant part of the study process at the Faculty of Economics and Management takes place outside of the classroom in practical classes, group assignments, and business games. Practical business experience is available to students through external infrastructure: Ventspils High Technology Park (VHTP), the VHTP Business Incubator, the Technology Transfer Centre of Kurzeme, Ventspils University of Applied Sciences Ventspils International Radio Astronomy Centre, etc.
In their studies alongside Erasmus exchange students, students of the Faculty of Economics and Management consolidate their English skills and gain international experience right in Ventspils. An increasing number of students choose to spend a semester at one of the many partner universities of Ventspils University of Applied Sciences.
The quality of VUAS’s education has been recognised by employers, foreign experts, graduates, and students. This quality is confirmed by the 2014 rating of Latvian universities, in which Ventspils University of Applied Sciences ranked sixth.
Graduates of FEM programmes work in national and local government institutions and at companies such as Ventspils City Council, Ventspils Freeport Authority, the Ministry of Economics of the Republic of Latvia, the Ministry of Finance of the Republic of Latvia, the State Land Service, VAS Latvijas Valsts Meži, Ventspils University of Applied Sciences, SIA Arbo, Ventspils Freeport Authority, PSIA Ventspils siltums, Bucher Schörling Baltic, Ventspils High Technology Park, SIA Dendrolight Latvia, AS Baltijas Ekspresis, SIA VK Ekspedīcija, Ventspils nafta termināls, AS Ventbunkers, and Ventspils Electronics Factory, as well as in private companies and banks including AS Swedbank, AS Privat Bank, and AS DnB banka. Students have also established commercial companies of their own.