Two-year MBA


Our innovative two-year MBA programme develops managers and leaders who ignite and inspire lasting growth in a rapidly developing environment. Our teaching approach and elective microdegrees provide immersive experience with exceptional education.

Why choose this programme?

  • Core programme of our MBA helps you build a strong foundation in key areas of business - you will get a comprehensive overview of the responsible organisation and people management, a solid foundation in organisational economics and financial performance, learn how to navigate through the latest management tools, marketing, business process management and application of new technologies in business.
  • On top of that solid backbone, you can build solid muscle by choosing elective microdegrees from a wide selection and design the path of your curriculum yourself. 
  • We will provide you with skills, tools, knowledge and confidence to make informed decisions in the challenging technology-driven global business setting. We work with real-life examples in a team-centred learning and teaching setting.
  • You will learn and grow with peers – you will study together with top specialists, managers and entrepreneurs from different fields. An inspiring and motivating network of like-minded people and valuable contacts will remain with you for years to come;
  • Faculty and students from different nationalities create a unique and diverse cultural space that broadens your worldview and encourages to think big;
  • The programme is taught by top-tier faculty and established industry professionals, who additionally to their academic background bring practical business experience to the classroom. 
  • At EBS we focus, as much as possible, on learning from each other via group discussions, teamwork, practical studies, and „lessons from life“. This ensures that you have real solutions to challenges which you will face in your working life;
  • The time and money invested in MBA will earn you interest in the future.

Programme overview

Study year Programme  
I First year: Foundation in key areas of business  

Semester I


Studies start with master's bootcamp - you will meet your fellow course-mates and get to know them.

  • Graduation Capstone I: Coaching 2 ECTS

Core studies

  • Financial and Managerial Accounting 6 ECTS
  • Corporate Finance 6 ECTS
  • Strategic Management and Innovation 6 ECTS
  • Managing People and Organisations 6 ECTS
  • Leadership and Ethics 3 ECTS
  • Marketing and Sales 3 ECTS

Semester II


Core studies:

  • Managerial Economics 3 ECTS
  • Emerging Technologies for Business 6 ECTS
  • Operations and Project Management 6 

To complete the MBA programme, it is necessary to successfully pass the graduation module, which consists of five graduation capstones. The purpose of the composite examinations is to assess the student's ability to integrate the knowledge and skills acquired in the core subjects of the MBA programme.

The first year is summed up by completing the graduation module so that in the second year you can focus on improving your knowledge and skills in the chosen field.

Graduation Capstones:

  • Graduation Capstone II: Management Game (Dynama) 5 ECTS 
  • Graduation Capstone III: Theoretical Quiz on core studies 3 ECTS
  • Graduation Capstone IV: Case study exam 3 ECTS
  • Graduation Capstone V: Mentoring Practice 
II Second year: Developing professional knowledge and skills in chosen field  

Semester III


During this semester you can choose 2 microdegrees or spend a semester in one of the EBS partner universities


Semester IV


During this semester you can choose 2 microdegrees.



Estonian Business School was the first Estonian university to offer microdegree programmes (previously called nanodrgees) . EBS’ microdegrees are master’s study learning modules, focusing mainly on five areas:  sustainability and green economy, digital transformations, communication and marketing, management and leadership, finance and accounting.


When designing microdegrees, we are guided by the principle that we create and adapt them according to the challenges of the labour market.


You can choose a total of 60 ECTS worth of nanodegrees in the two-year MBA programme. 


Selection of EBS microdegrees

Studies at EBS

Study format

Studies are in a session-based format, which allows to study without interrupting your professional life. Lectures and seminars take place every second week on Fridays and Saturdays between 10:00-17:15. As an exception some lectures can take place on Thursdays.


The final schedule of the second year depends on the chosen microdegrees.


We have structured our master's program in such a way that active learning takes place in the classroom through discussions, groupworks and practical tasks. Group dynamics and communication are an integral part of learning, and that's why we put a lot of emphasis on it. In between meetings, you need to contribute to your studies by preparing for lectures or seminars.

Studies abroad

During your second study year, you will have the possibility to study in one of EBS partner universities for either one semester or one year. Of all universities in Estonia, EBS has the strongest network of partner universities – it includes some of the best business schools in Europe (EMLyon Business School, Università Bocconi, BI Norwegian Business School, Kedge Business School, Copenhagen Business School, Solbridge International School of Business and many more).  


The Mobility Window is the semester intended for studying abroad. Studying abroad provides you with a unique experience and enables you to test yourself in a new academic and cultural environment, practice your language skills, make new friends, find possible future business partners, and gain a competitive advantage in the labour market.


Studying abroad during Mobility Window means that you can choose the business-related courses to your own liking and the credits will be transferred. You also have the possibility to complement your knowledge in areas that no university in Estonia covers. When you study at an EBS partner university, you will only pay the EBS tuition fee. Additionally, if you choose mobility in one of the EU countries, EBS will pay to you the Erasmus+ scholarship. 


Positive feedback of EBS students confirms that a semester abroad significantly broadens your worldview and provides you with new contacts as well as invaluable international university experience!


Exchange semester stories of our students can be found here:

Just Go! podcast

Important dates


The application deadline for Estonian applicants in SAIS and Finnish applicants in DreamApply.


*The international students admission for 2023/2024 is closed. The new application round will open on 1.02.2024 for starting studies in 2024/2025.



The admission interviews take place at EBS Tallinn campus for applicants from Estonia and Finland.



Master's students Bootcamp and first study session takes place on 27-28.08.2023


Admission information

Suitable candidate:

  • Non-business 180 ECTS bachelor degree or an equivalent qualification;

  • Has at least 3 years of management or team-lead experience. We value both people and process management experience. Show us that in your submitted CV;
  • Has sufficient proficiency in English (B2). We offer some courses both in English and Estonian but we expect you to be ready to study in English;
  • Demonstrate their drive in a catchy application;
  • Completes admission interview at EBS.


More information about admission requirements and a detailed explanation of the admission process to EBS:



Admission requirements

Information about admission requirements for international applicants can be found here.

Information about the admission requirements for local applicants can be found here.

Frequently asked questions Here you will find answers to frequently asked questions about the admission process for international students.
Country-specific requirements

The specific requirements for international qualifications can be found here.

Requirements for International Baccalaureate, European Baccalaureate or GED qualifications. 

How to apply?

Step-by-step guide for international students here


If you are excited about our program and wish to learn from and contribute to EBS community then you are ready to apply. 

The application enables you to introduce yourself to the admission committee and give the first impression of you. 

International applicants

Apply in DreamApply



    Applicants from Estonia

Image removed.

Online consultations

If you would like to receive more information about the admission process before applying, then sign-up for a personal online consultation. The online consultations take place twice a month.

We encourage you to register if:

  • You have questions about EBS application process that prevents you from applying;
  • You doubt whether your previous education and/or work experience is compatible with your chosen study programme
  • You are choosing between several study programmes and want more information or support to make the right choice
  • You want more information about the organisation of studies or the financing of studies.

Register for the consultation


Financing your studies

Tuition fee

The tuition fee for the study year 2023/2024:

  • First year semester tuition fee is 4000 euros (total 8000 euros);
  • Second year semester tuition fee is 4500 euros (total 9000 euros);
  • A processing fee of 35 euros applies when paying in two or four instalments.

Local students:

  • The tuition fee is paid by semester (every half year). You can pay the semester tuition fee in one, two or four instalments. 
  • A processing fee of 35 euros applies when paying in two or four instalments;
  • The first instalment of the tuition fee has to be paid by August 15.

EU residents:

  • The tuition fee is paid by semester (every half year). 
  • The tuition fee has to be paid latest by August 1;
  • You will receive an invoice with a personal deadline.

Non-EU residents:

  • The tuition fee is for the first study year is paid in one instalment;
  • The tuition fee has to be paid before your visa appointment with the Embassy;
  • You will receive an invoice with a personal deadline.

Study Investment

If you are a resident or a holder of a long-term residence permit in the Republic of Estonia you can pay in several instalments by using the Study Investment. 


In cooperation with banks, EBS offers you a study investment solutions, so you can better plan the future and cash flows. Study investment is a financial service. You sign an agreement with LHV or Inbank. The bank pays your tuition fee to EBS and you will make monthly payments to the bank.


An instalments contract can be signed at the EBS Office of Academic Affairs quickly and conveniently without visiting the bank.

Finnish students are eligible for financial assistance from Kela during their studies at EBS.


EBS awards the Scholarships to Bachelor, Master´s and Doctoral first-year students, whose previous academic achievements, study motivation, social engagement and ambition are considered particularly worth recognition.  EBS awards scholarships to the applicants, who enrich the learning experience of their fellow students.  


All the applicants, who have received the positive admission decision (conditional acceptance or acceptance) are considered for outstanding applicants scholarship.


How to apply for the scholarship:

  • when applying for the scholarship you are given a case study to solve. This creative task will require you to demonstrate your management competencies as well as your ability to analyse information;
  • please find the case study here;
  • the length of the case study solution is maximum 1 A4;
  • to apply the solution has to be sent to by July 20;

Criteria for the scholarship:

  • when awarding the scholarship submitted application (in SAIS/DreamApply) and the results of the admission interview are also considered. The evaluation criteria: motivation, ambition, argumentation;
  • the scholarship is awarded for one academic year and is the partial or full refund of the tuition fee;
  • the scholarships will be awarded by July 25.

Student Experience at EBS

To make your years at the university memorable and joyful, EBS Student Council organises many wonderful events for students. In the Student Council, you can have a say in topics related to university life and organise various entertainment events for EBSikas yourself. Great events and activities range from academic seminars to parties or community events like Haba Gala. Music lovers can sing in the EBS Chamber Choir.


For athletic students, sports day, golf competitions, winter swimming, etc. are organised by EBS Sports Club. Several regular sports trainings also take place on a weekly basis and the school is represented in sports competitions outside Estonia as well.


Our events are a meeting place for students, employees, partners and alumni.

Profile of the graduate

You will be appreciated for your in-depth specialised knowledge and your valuable network of contacts will help you make it in the world of business. You are an ambitious and entrepreneurial EBS alumnus whom home university, employer, and colleagues take pride in.  


Our alumni stories


EBS cares a lot about the success of its students, alumni, and their employers. We strive to make sure that our graduates do well, and we are genuinely happy about their success.


According to research among EBS alumni:  

  • 15% create their own business;
  • 44% work in international companies;
  • 21% work in local companies;
  • 20% work abroad.

Of EBS alumni: 

  • 11% are entrepreneurs;

  • 35% are top- or middle managers;

  • 45% are top- or mid-level specialists.

Salaries for EBS alumni in business and management are higher than those for other Estonian universities’ graduates.


Compared to Estonian average salaries, gross salaries for EBS alumni are:

  • above Estonian average for 85% of EBS alumni;

  • more than twice the average salary for 43% of EBS alumni.

We sincerely hope that you, too, will soon be an EBS alumnus!