Admissions & Applications

Admission Requirements 

• Bachelor's degree in Business Administration, Commerce, or Economics, or substantial progress towards a Bachelor´s degree in Business Administration, Commerce, or Economics (i.e. not more than 1-2 courses left in the study; admission to the programme in this case will be conditional upon completion of the Bachelor's degree within the first two semesters of the beginning of Master's studies), or
• Bachelor´s degree in areas other than indicated above provided that the applicant successfully passes the necessary business-related courses prior to being admitted. The list of required courses is available from the programme manager.
• Excellent English language skills.

Application Deadlines

The application deadline for fall semester is:

• April 30th 2012 (Note: Deadline for non EEA/EU students is April 1st)

You are welcome to contact the programme administrator to arrange an informative meeting at nicolas@ru.is until the 1st of June. Please send the date and time that suits you best to accommodate the meeting to your schedule.

The application deadline for spring semester is:

• December 5th (Note: Deadline for non EEA/EU students is November 1st)

Applications and Accompanying Documents

The following documents need to accompany applications (they should be supplied in English):

• Curriculum vitae (in English) with a photograph
• Official transcript/s of diploma
• Official university transcript/s of records
• One letter of recommendation
• Two personal statements (short essays up to 500 words each) in English:
    - Why I want to pursue studies in international business
    - My short-term and long-term goals

All applicants must submit an electronic application.  Official transcripts of diplomas and letter of recommendation should be sent to the Office of RU, c/o Nicolás Barreiro, Menntavegi 1, IS-101 Reykjavík, Iceland.  The office is open on weekdays from 09:00-17:00.

Accompanying documents need to arrive by the application deadline.  Applicants are only summoned for an interview if they have submitted all required accompanying documents on time.

Tuition

The School of Business charges tuition for each semester.  The fees are paid in advance for each semester. However it is possible to pay by instalments providing certain conditions are met.  Please note that university tuition does not cover the cost of accommodation, living expenses and books.

Tuition for home and EEA/EU students (academic year 2012/2013):

• 1 - 8  ECTS     203,500 ISK
• 9-16  ECTS     305,250 ISK
• 17+   ECTS     407,000 ISK

Tution for non EEA/EU students (academic year 2012/2013):
4,400 Euros per semester for full time-studies