Education abroad is an opportunity to obtain education of high quality and become a sought-after specialist.
The system of teaching in foreign colleges and universities differs in practical orientation. It is organized in such a way that students do not spend half a day for attending lectures, but study independently, undergo work placements, and gain an experience of occupational work. A striking confirmation of this fact is the system of training specialists in economics in Slovenia.
This study programme is available in educational institutions of different levels, such as colleges, higher business schools, and universities. The strongest study programmes in economics are provided at the University of Ljubljana. Its Faculty of Economics is popular with international students because of the extensive list of programmes with instruction in English.
In addition to the national accreditation NAKVIS1, the faculty has three international accreditations, such as EQUIS2, AACSB3 and AMBA4. Two study programmes of this faculty feature additional accreditations: the Tourism Programme (international accreditation of the World Tourism Organization, UNWTO.TedQual5) and the International Business Programme (Certificate for Quality in Internationalisation, CeQuInt6).
Bachelor’s degree in economics combines theoretical, methodological and applied disciplines. A list of study programmes: Money and Finance, Business Economics, International Economy, Bank and Financial Management, Management, International Business, Entrepreneurship, Business Logistics, Business Information Science, Accounting and Audit, Marketing, and Tourism.
A list of key academic courses at this level of training: Microeconomics, Commercial Law, Introduction to Business, Information Science, Macroeconomics, Statistics, EU and Slovenia Economy, Market Organization Structure, Foreign Language for Business and Economy.
Training on Master’s degree programmes is mainly focused on research and development activities with in-depth and narrow studying of each specialization. At this level, students are provided with a greater number of academic subjects to choose from.
A list of Master’s degree programmes: Banking and Financial Management, Money and Finance, Economics, Quantitative Finance and Actuarial Sciences, Management, Management and Economics in Health Care, Management in Sport, International Business, Entrepreneurship, Business Information Science, Business-Logistics, Administration and Organization, Accounting and Audit, Marketing, Tourism, and MBA (Master of Business Administration).
In addition, the Faculty offers such programmes as EMTM (European Master in Tourism Management), IMB (International Master in Business Administration) and JMPSE (Joint Programme in Public Sector and Environmental Economics).
The PhD degree programme provided at the Faculty of Economics of the University of Ljubljana is one of the best programmes in Europe. It is held by the professors and researchers from the Faculty of Economics, which is one of the world’s best business and economic schools.
The PhD degree programme at the Faculty of Economics allows its attendees to participate in international exchanges with well-known foreign academic institutions, because the Ljubljana University Economics Faculty is a member of the European Doctoral Programmes Association in Management & Business Administration (EDAMBA) and a member of the Central and South-East European PhD Network (CEESENet).
The teaching and learning activities traditionally consist of a theoretical part and a practical part.
Forms of theoretical training: lectures, workshops and laboratory works.
Practical part involves work placement at enterprises and study tours to enterprises. At the end of studies, students have to write and present a thesis or a project paper.
Not only professors, working at the faculty, but also visiting lecturers read lectures. Over the past four years, 945 invited lecturers, representatives of various enterprises, have lectured at the Faculty of Economics.
Guests present their business activity or talk about working in a company and about the problems, they face. This is a live communication between students and their potential employers. Such meetings allow students to better comprehend the study material and understand the basic needs and demands of employers. Sometimes entrepreneurs or managers even interrupt lectures in order to discuss an interesting idea offered by students.
The basic theoretical knowledge gained by students is reinforced by its direct application in practice. The faculty encourages students to participate in various projects and case studies conducted by Slovenian companies. Joint conferences supported by the representatives of business world and students are held at the faculty. Effective cooperation between the faculty and the business world allows students to transfer the knowledge gained from lectures and workshops to business practice and vice versa. Besides, business representatives often participate in meetings of round tables.
The faculty organizes student trips and tours to companies and various institutions. This is not only an interesting form of acquaintance with their work, but also a possibility to receive information about employment, master necessary skills for future work, and develop new project ideas.
Students undergo work placement at enterprises, based on which they write their final theses. Moreover, company offers the theme itself. That is, a trainee conducts an absolutely real study of a certain process, the results of which will be used by the company in the future.
Both parties obtain benefits from such practice:
Professional practice is an important part of the learning process and a unique opportunity. It can be undergone both in Slovenia and abroad. Students have more chances to get a job before graduation or to create a network of business contacts.
Very often students, when studying at a university, find a place for applying their knowledge. Educational institutions even encourage such practice. After graduation, students possess the necessary qualifications for performing the most difficult professional tasks in enterprises, state companies and public administration, depending on the study programme.
Duration of training at different levels:
Study programmes in Slovenia are instructed in two languages: Slovenian and English. English-language programmes are intended primarily to foreigners. However, according to students from Ukraine and Russia, studying in Slovenian is not difficult, because Slavic languages are very similar and easy to learn. It is also possible to obtain a double degree diploma.
Tuition fee: Bachelor’s degree: about 3,000 EUR per year, Master’s degree: 4,000 EUR per year.
The review of study programmes provided by the Faculty of Economics of the University of Ljubljana reflects general trends of economists training in the universities of Slovenia: theoretical knowledge applied and reinforced in practice in a specific company. Such training system, of course, helps students to choose the right study programme and become a real pro.
Such specialists are in demand at enterprises and companies not only in Slovenia, but also in other EU countries. After all, they do not need a long period of probation. They are ready to immediately start performing the tasks set.
In the next publication, we will talk about the system of economic education in Slovenian colleges.
 NAKVIS—National Agency for the Quality of Higher Education of the Republic of Slovenia.
 EQUIS (European Quality Improvement System) is a system of accreditation for higher education institutions, specializing in management and business administration. It was established to confirm the quality under a wide range of significantly different European education systems.
 AACSB (Association for the Development of University Business Schools). The mission of the organization is to develop the quality of management education worldwide through its accreditation and leadership. Accreditation provided by this organization is considered to be a standard for a quality business school in the scientific society.
 AMBA (Association of MBAs) is an international organization dedicated to the accreditation of business schools and MBA programmes (Master of Business Administration). It is an analogue to the American AACSB and European EQUIS.
 The World Tourism Organization UNWTO is engaged in the development of sustainable and generally accessible tourism. It is the leading international organization in the field of tourism.
 The CeQuInt Certificate confirms that a study programme or an institution has successfully included the international and intercultural dimension into the purpose, functions and delivery of its education.