Armenia, a nation steeped in history and culture, is also emerging as a hub for quality education. Regarding MBA programs, Armenia offers a blend of international standards, local focus, and affordability, making it an attractive option for students worldwide. Here are the top 20 MBA programs in Armenia, based on factors like faculty expertise, program curriculum, career placement success, and international recognition:

Top 20 MBA Programs in Armenia QS Ranking 2025

1. American University of Armenia (AUA):

AUA’s AACSB-accredited MBA program emphasizes innovation, entrepreneurship, and global thinking. Its diverse faculty and strong alumni network make it a top choice for aspiring business leaders.

2. Yerevan State University (YSU):

YSU’s MBA program boasts a rich academic tradition and a focus on developing analytical and problem-solving skills. Its location in the heart of Yerevan provides ample networking opportunities.

3. Armenian State University of Economics (ASUE):

ASUE’s MBA program is renowned for its rigorous curriculum and emphasis on quantitative analysis. Its graduates are highly sought-after by financial institutions and consulting firms.

4. French University in Armenia (UFAR):

UFAR’s MBA program offers a unique blend of French and Armenian business practices, preparing graduates for careers in international markets. Its dual degree option with ESC Clermont Business School is a major draw.

5. National Polytechnic University of Armenia (NPUA):

NPUA’s MBA program caters to professionals in the technology and engineering sectors, with a focus on managing innovation and technological change. Its close ties with industry leaders provide valuable internship opportunities.

6. Eurasia International University:

Eurasia’s MBA program is known for its flexible format and focus on practical skills development. Its modular structure allows students to tailor their learning to their career goals.

7. Russian-Armenian Slavonic State University (RASSU):

RASSU’s MBA program offers a strong foundation in business fundamentals with a special emphasis on marketing and management. Its international faculty brings diverse perspectives to the classroom.

8. Yerevan Institute of Economics (YIE):

YIE’s MBA program provides a comprehensive understanding of economic theory and its application in the real world. Its graduates are well-prepared for careers in government, research, and international organizations.

9. Mkhitar Gosh Armenian National Polytechnic University (MGANPU):

MGANPU’s MBA program focuses on developing leadership skills and strategic thinking in the context of the construction and engineering industries. Its graduates are in high demand by major infrastructure projects.

10. Armenian State Engineering University (ASEU):

ANEU’s MBA program combines technical expertise with business acumen, preparing graduates for leadership roles in technology-driven industries. Its strong alumni network provides valuable mentoring opportunities.

Additional Top 10 MBA Programs in Armenia:

11. Yerevan Brusov State University of Languages and Social Sciences
12. Armenian National Agrarian University
13. Yerevan Haybusak University
14. Caucasus University
15. Yerevan State Academy of Fine Arts
16. International Black Sea University

This list provides a starting point for your research. Remember to consider factors like your career goals, budget, and preferred program format when making your final decision.