Bucharest Academy of Economic Studies

The Bucharest Academy of Economic Studies (Romanian: Academia de Studii Economice din București, abbreviated ASE) is a public university in Bucharest, Romania. It was founded in 1913 as the Academy of Higher-level Commercial and Industrial Studies (Academia de Înalte Studii Comerciale și Industriale (AISCI)). Over the years, it has grown into one of the largest places for learning about economics in Romania and South-Eastern Europe.

Today, the Bucharest Academy of Economic Studies is known as an advanced research and education university. It is recognized by the Ministry of Education for its important work in teaching and discovery. ASE is also one of the five members of the Universitaria Consortium, a group of elite universities in Romania. This makes it a very important school for students who want to study economics and related subjects.

History

The Bucharest Academy of Economic Studies was founded on April 6, 1913, by a royal decree from Carol I of Romania. It was the first school in Romania for learning about business and money matters.

Over time, the school changed its name a few times. In 1947, it joined with another school. Later, in 1948, it became part of a bigger group of schools. By 1968, it had become the Bucharest University of Economic Studies, which is still its name today.

Institution

The Bucharest Academy of Economic Studies has many students, with over 22,000 studying at different levels across eleven faculties.

The university is also a place for research, with 13 special centers that help with important studies. One special part of the university is the Business Information Technology department, which teaches students how to mix economics with computer skills to prepare them for the modern world of technology.

Format and length of studies

In the 1970s and 1980s, students could earn a master's degree in economics after four years of study. One department, called 'Cibernetics and Informatics,' needed an extra year.

After 1990, students could earn a Bachelor's degree in Economics after finishing their studies. Until 2005, students spent four years studying (five years for the 'Cibernetics and Informatics' department). After that, they could spend two more years to earn a Master's degree, and three years for a PhD.

Since 2005, the university follows a new system. Now, students earn a Bachelor's degree after three years, then spend two more years to earn a Master's degree. The PhD still takes at least three years.

Ranking

The Bucharest Academy of Economic Studies was named the top university in Romania by the Times Higher Education World University Ranking in 2021. In 2018, it was also recognized as the best university for Economics in Romania and placed between 201 and 300 in the world by the Top Shanghai rankings. Additionally, in 2017, the QS World University Rankings listed it as the top university in Romania for Economics and Econometrics and placed it between 301 and 350 worldwide.

Faculties

The Bucharest Academy of Economic Studies has thirteen faculties where students can learn many important subjects. Some of these faculties include Business Administration in Foreign Languages, Administration and Public Management, Bucharest Business School, Accounting and Management Information Systems, Business and Tourism, Economic Cybernetics, Statistics, and Informatics, Law, Agrifood and Environmental Economics, Economics, Finance, Insurance, Banking, and Stock Exchanges, Management, Marketing, and International Business.

Each faculty focuses on teaching students special skills and knowledge that help prepare them for jobs in these fields.