Azerbaijan State University of Economics

Baku, Azerbaijan

Founded in 1930, the Azerbaijan State University of Economics (UNEC) is one of the largest higher education institutions in the South Caucasus, offering programs in Azerbaijani, English, Russian, and Turkish. With over 21,000 students enrolled across 13 faculties, UNEC provides 25 undergraduate, 94 graduate, and 14 doctoral programs
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801-850

Tuition Fees, Cost of Living & Accommodation at Azerbaijan State University of Economics

Cost Of Living

AZN 10177

Undergraduate Fees International Students

AZN 5600

Azerbaijan State University of Economics Departments

  • Faculty of Economics and Management
  • Faculty of Business and Management
  • Faculty of Finance and Accounting
  • Faculty of Engineering
  • Faculty of Digital Economics
  • International School of Economics
  • Russian School of Economics
  • UNEC Design School
  • Turkic World of Economics Faculty
  • SABAH Center

Distinguished Alumni of Azerbaijan State University of Economics

Step-by-Step Guide to Admission Requirements at Azerbaijan State University of Economics

 

?To apply for a bachelor's degree program at Azerbaijan State University of Economics (UNEC), applicants must fulfill the following requirements:?

High School Diploma: Applicants must possess a valid high school diploma or an equivalent qualification. ?

Apostille and Notarized Translation: If the diploma and transcript are obtained from a foreign country, they must be apostilled and accompanied by a notarized translation into Azerbaijani. 

Passport: A valid passport is required for identification purposes. ?

Curriculum Vitae (CV): Applicants need to submit a comprehensive CV detailing their educational background and any relevant experiences. ?

Photograph: A recent passport-sized photograph (3×4 cm) is necessary for the application.

Additionally, applicants are required to submit at least two recommendation letters. ?

All applications are processed electronically through UNEC's official application portal

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Azerbaijan State University of Economics Corporate Partnership

  • Bakcell : In October 2024, Bakcell, a leading telecommunications company in Azerbaijan, partnered with UNEC to organize the Innovation Week. This event aimed to encourage innovation and unleash the creative potential of students. Bakcell representatives participated in panel discussions on topics like "Global Trends in Telecommunications" and "Staying Relevant in the Face of Big Changes in a Changing World." The collaboration provided students with insights into brand positioning in the digital age and strategies for attracting customer attention. Bakcell's involvement underscored its commitment to supporting the development of the younger generation and fostering innovative projects
  • BERC&Partners : In December 2024, UNEC signed a memorandum with BERC&Partners, a company focused on bridging the gap between academia and the business sector. This partnership aimed to align education and research with economic and social needs. The collaboration encompassed joint activities such as incubation and acceleration programs for startups, organization of training sessions through UNEC's Lifelong Education Center, and implementation of joint research projects. Additionally, UNEC students were offered internship opportunities at BERC&Partners and its partner companies, facilitating practical experience and enhancing employability
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Notable Achievements of Azerbaijan State University of Economics

Achievements

01.
Recognition in QS World University Rankings: Europe

In 2025, UNEC advanced 68 positions to secure 281st place in the QS World University Rankings: Europe. This achievement also positioned UNEC as 12th in Western Asia and reaffirmed its status as the top university in Azerbaijan. The ranking reflects UNEC's commitment to academic excellence and its growing influence in the European higher education landscape

Year
2025
02.
Attainment of QS Stars "5 Stars" Rating

UNEC was awarded a prestigious "5 Stars" rating in the QS Stars assessment in 2025, a distinction it will hold for five years. This recognition underscores UNEC's dedication to providing high-quality education and its status as an internationally recognized institution. The QS Stars assessment evaluates universities across various criteria, including teaching, employability, and facilities, highlighting UNEC's comprehensive strengths

Year
2025
03.
Leading Position in Webometrics Ranking

According to the latest Webometrics Ranking Agency results in 2024, UNEC was named the best university in Azerbaijan, securing first place. Globally, UNEC ranked 2960th among 31,606 universities, advancing by 684 positions compared to the previous year. This progress reflects UNEC's enhanced online presence and commitment to digital engagement

Year
2024

Notable Innovation, Research & Development Azerbaijan State University of Economics

Notable Innovation

01.
UNEC Mobile Application Development

UNEC developed a mobile application in 2017 to provide students and faculty with easy access to university resources. The app included features such as course schedules, academic calendars, campus maps, and notifications, enhancing the overall university experience by leveraging mobile technology

Year
2017
02.
Online Student Admission System

In 2016, UNEC introduced an Online Student Admission System, simplifying the application process for prospective students. This system allowed applicants to submit their documents, track application status, and receive notifications digitally, making the admission process more efficient and accessible. ​

Year
2016
03.
Financial Laboratory Establishment

In 2015, UNEC, in collaboration with the State Committee on Securities under the President of Azerbaijan, established a state-of-the-art Financial Laboratory. This facility was designed to enhance the practical financial skills of students by providing real-time data analysis and simulation tools. The laboratory serves as a bridge between theoretical knowledge and real-world financial operations, preparing students for careers in the financial sector.

Year
2015

University Ranking of Azerbaijan State University of Economics

801-850

Region: Emerging Europe and Central Asia

349
181-190
Economics
501-530
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Econometrics
501-530
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Connect With Azerbaijan State University of Economics

  • 6 Istiglaliyyat Street

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