Because the SDA Bocconi and AUBG EMFBRE program is selective, admission is competitive. Each application is carefully read by the Admissions Committee and evaluated on the basis of its merits as a whole. 

General Information

The program is a 12-month course. It runs from January 2021 to December 2021. The AUBG Executive Education Office must receive the application form and all required documents by December 20, 2020. It is acceptable for candidates to submit their application form to the Executive Education Office and then send additional required documents (TOEFL scores etc.) at a later date.

The Selection Phases

When AUBG receives an application for admission, it carries out a pre-selection process based on the initial documents sent. The Admissions Committee then lets the candidate know if he/she is considered suitable to proceed to the selection process. The final assessment of each application will take place once the candidate has completed an English proficiency test and submitted all required documents. Candidates admitted into the program must confirm their participation based on deadlines set by the Executive Education Office.

Admission Requirements

To be considered for admission, candidates must fulfill the following minimum requirements: 

  • Degree certificate in any discipline 
  • Minimum of three years managerial experience 
  • Proficiency in English 
  • Strong motivation 
  • IT competency and laptop with Internet connection

Application Form

The application form must be completed with accurate and precise information regarding your personal and professional experiences, your reasons for desiring to attend the program. The application form must be completed with the following documents:

Degree Certificate

An official degree certificate from the college or university attended, along with a transcript of grades for individual courses/modules. The type of degree, date of graduation, dates of enrollment, grades received and the grading scale must be clearly stated in this documentation.

Detailed Curriculum Vitae
Proficiency in English

All applicants must have good written and spoken English and must demonstrate their level of knowledge by taking the TOEFL, IELTS, PTE Academic or CPE. A test result may be waived for mother-tongue English speakers and for students who took their degree in English or can document significant professional experience in an English-speaking country. Candidates for the 2021 edition of the program must take the test by December 2020. 

TOEFL website:

IELTS website:

PTE website:

CPE website:

Satisfactory scores on English Language Proficiency Tests:

  • Paper based TOEFL – 550
  • iBT – Internet based TOEFL - 80
  • IELTS – 6,5
  • ESOL - University of Cambridge Examinations CAE (Certificate in Advanced English) - B 
  • CPE (Certificate of Proficiency in English) – C 

English Language Proficiency Tests Waivers: The Admissions Committee may waive the requirement for English Language Proficiency Tests for:

  • Native speakers of English;
  • Non-native speakers of English who have completed a full-time Bachelor’s degree program in an accredited university with instruction in English within five years of the date of application to the program.


Candidates will be required to have an interview with a member of the AUBG Executive Education Admissions Committee. In special cases the interview may take place remotely (by Skype).

Application for Sponsor Companies

This is to be completed by a company representative (using the “Application for the sponsor company form”) only if the company intends to back the participation in the program of a candidate through partial or total payment of the tuition fee.

The Selection Result

Once the selection process is complete, the Executive Education Office will inform the candidates of the result of their application in writing. In no case will the result be communicated by telephone. The selection process will yield one of the following three results: 

If accepted, the candidate will receive an official letter of admission to the program. If all the available places have been filled, the School may decide to place the candidate on a waiting list, or offer admission for the next edition.

Admission to the program is valid only for the year in which the application is submitted. Deferment may be requested for the year following the application, but confirmation of admission is at the discretion of the Admissions Committee.

Admission to the program is highly selective. The selection process assesses the profile of the individual candidate, but also takes into account the composition of the Executive Master of Finance, Banking and Real Estate, which must be consistent with the quality and diversity promoted by the American University in Bulgaria and SDA Bocconi. While fully aware of the commitment that all candidates make in the admissions process, AUBG and SDA Bocconi do not provide individual answers to non-admitted candidates.

Submitting your application:

The application form has to be completed in English and is available exclusively online. Fill in the online application and send all required documents to: Official/original or certified degree certificate /Transcript should be both emailed and sent by post to: 

AUBG Office Elieff Center for Education and Culture
1 Universitetski park st., Studentski grad
1700 Sofia, Bulgaria
Tel. +359 02 960 7944

Document Check
Applicants who submit their application online may verify the arrival of their application and confirm that full documentation has been received through our application website. If the candidate has not received any information four weeks after sending the application, contact should be made with the Admissions Service at

Your Commitment to the Executive Master of Finance, Banking and Real Estate allows you to work and study at the same time.

The application for admission must be accompanied by € 60 non-refundable application fee.

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