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Baku Business University

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Baku Business University, Baku Azerbaijan

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About Baku Business University

Baku Business University was founded in 1993. It is a private higher-educational institution training highly-qualified economists during the period of transition to a market economy.

Transition to market economy created need for highly-qualified specialists with new thinking, as well as economists in international relations, commerce, business and other fields of entrepreneurship. Baku Business University plays an important role in solution of these problems as a higher-educational institution. The University has got license under Order № 204 by the Cabinet of Ministers in compliance with the decision made by Ministry of Education of the Azerbaijan Republic for its activity. Training students on Bachelor’s and Master’s degrees at the University is defined according to the license. On January 19, 2016, the Ministry of Economy of Azerbaijan Republic granted an unlimited license to Baku Business University.

Teaching process at Baku Business University is carried out on 21 specialties according to training students for Bachelor’s and Master’s degrees, by 2 schools and 9 chairs.

The authorized scholars and specialists of the Azerbaijan Republic try hard to train great specialists with wide profile in economy, management and business branches. At present 230 academic staff work at our University for training specialists.

The main goal of the teaching process is to create conveniences for revealing the individual qualities of a student. The main subjects taught during the teaching process cover 80% of the training time.

The teaching process, specialty and scientific research practice are based on world practice and carried out in accordance with enterprises and laboratories using interactive methods.

The University trains specialists on two stages: Bachelor and Master's degrees. Students take courses by correspondence or by daily attendance. At present, 3711 full-time and 473 part-time students study at our University.

About Baku Business University

Baku Business University was founded in 1993. It is a private higher-educational institution training highly-qualified economists during the period of transition to a market economy.

Transition to market economy created need for highly-qualified specialists with new thinking, as well as economists in international relations, commerce, business and other fields of entrepreneurship. Baku Business University plays an important role in solution of these problems as a higher-educational institution. The University has got license under Order № 204 by the Cabinet of Ministers in compliance with the decision made by Ministry of Education of the Azerbaijan Republic for its activity. Training students on Bachelor’s and Master’s degrees at the University is defined according to the license. On January 19, 2016, the Ministry of Economy of Azerbaijan Republic granted an unlimited license to Baku Business University.

Teaching process at Baku Business University is carried out on 21 specialties according to training students for Bachelor’s and Master’s degrees, by 2 schools and 9 chairs.

The authorized scholars and specialists of the Azerbaijan Republic try hard to train great specialists with wide profile in economy, management and business branches. At present 230 academic staff work at our University for training specialists.

The main goal of the teaching process is to create conveniences for revealing the individual qualities of a student. The main subjects taught during the teaching process cover 80% of the training time.

The teaching process, specialty and scientific research practice are based on world practice and carried out in accordance with enterprises and laboratories using interactive methods.

The University trains specialists on two stages: Bachelor and Master's degrees. Students take courses by correspondence or by daily attendance. At present, 3711 full-time and 473 part-time students study at our University.

Cost of Living

Baku offers an affordable and comfortable living environment for international students, particularly when compared to many European and regional capitals. The cost of living largely depends on accommodation type and lifestyle preferences, but overall, students can maintain a reasonable standard of living at a moderate cost.

Accommodation is the main monthly expense. Students commonly choose shared apartments, which typically start from approximately 100 USD per month per person, depending on location and conditions. Private one-bedroom apartments range from 300–600 USD, with higher prices in central areas. Utility costs, including electricity, heating, water, and internet, generally add 40–80 USD per month, depending on season and consumption.

Food expenses in Baku are manageable. Students who cook at home usually spend around 120–180 USD per month on groceries. Local markets and supermarkets provide affordable fresh produce and essential goods. Dining out is also reasonably priced, with meals at inexpensive restaurants costing around 6–10 USD. A coffee typically costs 2–4 USD, while fast-food options range from 5–8 USD.

Public transportation in Baku is accessible and affordable. A single metro or bus ride costs approximately 0.35 USD (0.60 AZN). Monthly transportation expenses generally remain low, often under 15 USD depending on frequency of travel. Taxi services are widely available through mobile applications and are relatively inexpensive for short distances.

Additional monthly expenses such as mobile phone plans (5–15 USD), home internet (15–25 USD), and leisure activities (50–100 USD) are also moderate. International students are required to have health insurance, which typically ranges from 100–300 USD annually depending on coverage.

On average, students can live comfortably in Baku with a monthly budget of approximately 300–500 USD for a budget lifestyle (shared accommodation and home cooking). A more moderate lifestyle, including private housing or more frequent dining out, generally exceeds 500 USD per month

Accommodation
$2,360
Food
$1,800
Transport
$250
Utilities
$1,020

Scholarships

Selecting the right scholarship can be a daunting process. With countless options available, students often find themselves overwhelmed and confused. The decision can be especially stressful for those facing financial constraints or pursuing specific academic or career goals.

To help students navigate this challenging process, we recommend the following articles:

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