• General description of the institution
  • Programs offered
  • General information for students

Information on the institution

ECTS Information Package

ECTS Information Package contains all information related to information on the Institution, information on programs and general information for students. Detailed information is accessible via hyperlinks in texts.

The webpage includes all information related to ECTS Information Package.

In order to access the information use the links provided.


Derived public entity.

Name and address

BA School of Business and Finance (Banku augstskola)
K.Valdemara str.161, LV – 1013, Riga, Latvia
Phone: +371 67360133
Fax: +371 67320620
E-mail: info@ba.lv
Web page: www.ba.lv

Academic authorities

Līga Peiseniece, Rector.
Phone Nr: +371 67509253
E-mail: liga.peiseniece@ba.lv

Biruta Dzērve, Vice Rector for Academic Affairs
ECTS institutional Coordinator
Phone Nr.: +371 67322615
E-mail: biruta.dzerve@ba.lv

To get in touch with other members of our Administrative staff, find the contact information in the contact section of our web-page.

Academic calendar

Academic year usually starts on the 1 st of September and ends in of June before midsummer holidays.

Important periods in the academic year

  • Autumn Semester: September (Week 36) – December (Week 50)
  • Spring Semester: January (Week 5)  – June (Week 24)


  • Summer holidays: June (Week 25) – September (Week 35)
  • Winter holidays: December (Week 51) – January (Week 4)
  • Other public holidays can be found in LINK


SBF’s Organisational Structure

Arrangements for academic guidance

  • Before the study process the students are introduced with regulations of study process. Newly enrolled students attend induction sessions during which Programme directors for each study programme provide a full guidance.
  • The meetings are organized with academic staff as well as administrative staff. The students are informed about the study process and requirements. The academic staff introduces with course prerequisites, course structure, learning outcomes, course topics, course organisation, course literature- learning materials and the assessment procedures.  Academic staff consult students and provide assistance, monitor their progress and provide a feedback
  • Consultations are available during the studies. Consultations are being endorsed by the Head of the Department. Consultation contact information is publicly available and indicated in Department consultation schedule.
  • Learning materials are available to students in Moodle system. Guidelines for accessing the system have been worked out both for students and academic staff.
  • The student assessment results are recorded in accordance with Study Ordinance rules. Regulations are set out for supervision of individual work of students, their development and defence.
  • In case of dispute, the students have the right to appeal according to Appeals Policy procedure.
  • Erasmus coordinators introduce students to the requirements of exchange programmes which are offered to students. Induction sessions are organized twice a year.
  • Students are consulted on all course planning issues, procedures, registrations by Study Information Department.
  • Details on each study programme are provided under Study programmes, contact information of appropriate programme director is under each study programme.
  • Career centre is responsible for student work placement. Work placements abroad are coordinated by Erasmus coordinators.
  • In case of dispute, the students have the right to appeal according to Appeals Policy procedure.

General description of the institution

General description of our institution you can find on the homepage of our university.

BA School of Business and Finance is one of the leading, self-financing public business schools in Latvia. It was founded in 1992 as Banking College under the Bank of Latvia and in 1997 it was accredited as Higher Educational Institution, today known as BA School of Business and Finance offering studies to around 1500 students.

BASBF has obtained „Investors in Excellence” Quality Management Certificate by the British Quality Foundation thus proving that it meets the high internationally recognized standards EFQM (European Foundation for Quality Management Excellence model). It was successfully re-certified  in 2016 for the award of the “Investors in Excellence” Quality certificate  for the fourth time to be received in  2017.

In 2015 BASBF was unconditionally reviewed for its internationalisation and awarded NIBS( Network for International Business Schools) accreditation as  a NIBS International Business School meeting NIBS Accreditation Standards for the dimension of Internationalisation. The first NIBS accreditation was awarded in 2010.

More information on the general description of the institution is available under section: About Business School.

Our mission and values can be found on our web-page.

Currently it is providing a full range of higher education programmes in three cycles: Bachelor’s degree, Master’s degree and a Doctoral degree. All study programs require the students to do work placements, which contributes to their further professional growth. The School also offers short cycle programs giving the opportunity to obtain the first level higher education. The main focus is on financial education and business management. The graduates work for leading companies, banks, auditing companies and various government institutions, thus contributing to the growth of the whole sector.


All study programs envisage compulsory internship.

A list of programs offered

The short cycle professional higher education programs:

Professional Bachelor’s degree programs:

Professional Master’s degree programs:

Professional Doctoral degree programs:

Note that, A and B study courses are compulsory, C study courses are optional.

International programs

Professional Bachelor’s degree programs:

Professional Master’s degree programs:

Professional Doctoral degree programs:

General admission requirements

Immatriculation, that is the enrolment in the study programme is organized according to the Enrollment Regulations of the School, which are being endorsed by the Senate for each coming academic year.

General arrangements for the recognition of prior learning (formal, informal and non-formal)
For recognition of non- formal and informal learning there is a legal framework to promote and implement lifelong learning. On January 10, 2012, the Cabinet of Ministers issued “Rules of Procedure for Recognition of Learning outcomes in Prior Learning or professional experience”, Number 36. The procedural documents have been developed by the School and endorsed by the Senate. Lifelong learning activities have been designed to facilitate LLL. Programmes are designed with Learning outcomes which ensures transparency and comparability. ECTS is applied to lifelong learning. General arrangement for the recognition of non- formal and informal learning are explained in the Rules of Procedure for the Recognition of Prior Learning which were endorsed by the Senate in 2012. The document explains the process, the criteria and the recognition.

General registration procedures

For information on application for studies, check information on our web-page.

ECTS credit allocation based on the student workload needed in order to achieve expected learning outcomes 

The School has implemented ECTS. The ECTS credit allocation is based on the  workload students need  in order to achieve the expected learning outcomes. Learning outcomes describe what a learner is expected to know, understand and be able to do after successful completion of a process of learning. They relate to level descriptors in national and European qualifications framework. In programme design the academic staff under the supervision of Heads of Department, programme directors and the vice rector for Academic Affairs formulate the profile of the study programme, in case of professional study programme design the professional standards are taken into account for formulation the learning outcomes of the study programme. The needed workload is analysed and the required ECTS credit points to achieve the learning outcomes are allocated, for example a full time professional Bachelor’s degree programme has been designed for 240 ECTS.

Credit allocation is the process of assigning a number of credits to programmes and its components. ECTS credits are allocated on the basis of student workload which is necessary to achieve the required learning outcomes. The number of ECTS credits for each course unit depends on the student workload. The allocation of credits to single course units is expressed in ECTS and workload.

In study programmes offered by School of Business and Finance 1 ECTS corresponds to 26,6  student workload hours. Thus, for example a course unit consisting of 3 ECTS would typically have 80 student workload hours.

The ECTS credits are also allocated to student work placements. The work placements are integrated into the study programme.

The ECTS credit transfer is done in accordance with ECTS key documents.

All programmes have been designed in close cooperation with all stakeholders which include public authorities, students and employers, employees. The School is able to respond to demands of labour market due to relations with financial institutions and various types of companies. All study programmes envisage company placement. The process of programme design envisages also lifelong learners and their intended learning outcomes.

General information for students

Cost of living in Riga

Accommodation: 100 -150 EUR per month

Food and drinks: 80 – 100 EUR per month

Public transport per month: ~25 EUR

More information about living in Latvia: www.studyinlatvia.eu/en/living-in-latvia

On  premise accommodation

BA School of Business and Finance has hostel premises within the campus.  Students have the possibility to rent bed space. Options are single room, 2 bed or 4 bed sharing rooms. More information in link: https://www.ba.lv/studies/about-life-in-hostels/

On premise cafeteria

There is a café „Cantine” with 90 seats for the needs of students and personnel on the first floor of the building at 161 K. Valdemara Street. Catering in BA is provided by „GMG Catering” ltd. The café was opened in 2010 and is praised by students, personnel and guests for the quality of the service, modern interior and the responsiveness of its staff. There is a vending machine selling beverages in the building at 161 K. Valdemara Street and 3 dining-rooms for the personnel.

Other facilities

Not too far away from SBF on the Duntes Street 22 the Hospital of Traumotology and Orthopaedics is located. State Hospital of Traumatology and Orthopedics is a special hospital focusing on bone and soft tissue trauma, orthopedics and spine surgery. Hospital provides high-quality, cost-effective, specialized care in a streamlined environment focused on wellness, mobility and quick recovery. When going in the opposite direction towards to city center on the Bruninieku Street 5 is the Riga 1st Hospital is located. Riga 1st hospital is a multidisciplinary ambulatory medical institution with a large day hospital with highly qualified professionals of various medical fields. Hospital offers wide and up-to-date diagnostic, therapeutic and rehabilitation optional services both at the out-patient department, and at the day hospital. Price list for hospital services can be found online. There is a 24 hour dental clinic „Denta” located a little bit farther from the center of Riga on Brivibas street 230 and it offers a wide range of oral treatment as well as Emergency help at night and also during holidays.

We have many pharmacies near the SBF. One is located in the „Rimi Hipermārkets” just across the street on Valdemara Street 112, the other one is on the way to the Hospital of Traumotology and Orthopaedics and its located in the „Sky & More” shopping center there is also one shop of optics located in the same shopping center.

Facilities for special needs students

At the moment SBF is looking for the financing to introduce ramps for students with difficulties for movement, but any other case of health problems are is considered individually.


Before travelling to another EU country for a short stay – whether on holiday, a business trip or studies – you should get a European Health Insurance Card from your statutory health insurer. This will enable you to get any health care you might need during your trip.

The European Health Insurance Card proves your entitlement to health care. It is the physical proof that you are insured in an EU country.

If you fall unexpectedly sick during a temporary stay abroad, the European Health Insurance Card gives you the same right to statutory health care as people insured in the country you are in, so you can visit a local doctor.

Please note that non-EU nationals cannot use their European Health Insurance Card for medical treatment in Denmark.

In addition, Bulgarian and Romanian nationals cannot currently use their European Health Insurance Card in Switzerland.

The SBF advises the students to take out health insurance and third party insurance for the period of studies and a company placement abroad.

Financial support for students

State Education Development Agency (VIAA) offers scholarships to students, researchers and teaching staff of several countries for studies and research work in Latvian higher education institutions.

The foundation „BA School of Business and Finance Support Fund” (further in the text – Fund) has functioned in BA since 2007. It was founded with the aim to support the best students and to promote the further growth of BA. With their support the graduates can thank the teaching staff, but enterprises – for well-prepared employees who are the studentsor graduates of BA.

Student affairs Office

Study Information Department (The Student Affair Office) informs about study process, deals with applicants and student issues, provides information concerning organization of studies, determines the planning of study terms, consults on issues related to courses, provides documentation of exams and tests, transcripts of records, organizes Study Process Committee.

ERASMUS for outgoing and incoming students provide information regarding ERASMUS studies.

Learning facilities

Premises are equipped with modern technologies.

BA library is located at 161 K. Valdemara Street in Riga on the third floor. It consists of two units – the borrower department and the reading– room. The library ensures the study process and scientific work providing students, academic staff and other customers with library, bibliographic, informative and copying services.

BA uses the potential ensured by the computer rooms in the study process and professional growth. The services provided by IT division are closely integrated in the study process ensuring its continuity. There are three computer rooms in BA with 95 seats.

Wi-fi is available in all premises of the school.

BA study process and the economic activity take place in two buildings: 161 K.Valdemara street and 163 K. Valdemara street, Riga.

International programs

Lifelong Learning Programme ERASMUS:

Students can choose the course units from the list for Spring semester and from Autumn semester. Course units cannot be mixed for semesters.

The workload for students for each semester is 30 ECTS, the students can choose appropriate course units in order to achieve 30 ECTS.

Student mobility

International mobility of BA students is an essential precondition of the development of professional competences and skills as well as ensures effective competitiveness of students offering studies and internship opportunities at partner universities and enterprises abroad.

SBF cooperation with partners abroad not only in Europe, but also other regions of the world. The number of BA partners increases every year proving its professionalism and the ability to function under severe competition. BA has signed 106 international cooperation agreements with partner universities in 33 countries.

Language courses

BA organizes annual summer school with the goal of helping to improve skills development within the course “Intensive English Course for Studies”. All international students are offered Latvian language studies.


Internship (wok placement) is a compulsory element of every study programs at SBF. During the internship the students see the necessity and opportunity to apply the knowledge acquired during the studies in real situations at a workplace.

Sports and leisure facilities

After their studying hours, students of the BA School of Business and Finance have sports activities in a gym situated in Kr. Valdemāra Str. 163. The time in the gym is devoted to basketball as well as to football.

There are different cultural, sports and recreation events at BA in which participated students, personnel and BA friends. The beginning of the academic year, the national holidays and graduation parties are celebrated.

Student associations

The Student Council of the BA School of Business and Finance (BASP) is a self-government elected by the students of the BA School of Business and Finance which represents students in the school’s decision-making authorities, conducts a dialogue between students and the school’s administration and organizes students’ life outside studies.

Erasmus Student Network is a European wide student network, founded in 1990 and build on “students helping students” principle that works for the creation of a mobile and flexible education environment by supporting and developing student exchange and providing an intercultural experience also to those students who cannot access a period abroad. ESN in Latvia is represented by ESN Riga, founded in 2003.

ESN-Riga, as all ESN sections, is a volunteer non governmental, non profit, non religious and non-political organization. ESN-Riga organizes different activities for foreign exchange students in Latvia