Finance and Business Law (3+1+1)

Study program Finance and Business Law (3+1+1)

Study program: Finance and Business Law
Faculty: Faculty of Law
Degree: Master’s degree / graduate / second cycle
Location: Sveti Nikole or Bitola
Duration of study: 1 year (2 semesters)
Condition: to have a Bachelor’s degree with at least 240 ECTS
Courses: 6
ECTS of the program: 60
ECTS after completion: 300
Awarded degree: Master of Laws – Legum Magister (L.L.M.) – Finance and Business Law
Tuition fee per year for international students: EUR 2030

Following the economic trends and business relations both locally and globally, the Faculty of Law helps the students expand their knowledge of the legal and economic aspects of legislation. The study program especially focuses on business law and finance.

This study program helps students learn the necessary theoretical background and gain practical skills and competencies in the field of commercial law, securities market, employment process with all its legal, social and economic dimensions, as well as knowledge in the field of corporate marketing and business finance. All that will contribute to their inclusion in the business environment.

The students who choose this study program will have the opportunity to learn more about the business environmentс in various EU countries, as well as the way of functioning in the European Single Market.

One-year study program • fifth year

Finance and Business Law is one of the five study programs on the master studies that the student can choose after graduation.

This study program is for students who want to continue their legal education and obtain a Master’s degree in a particular area of law. The students can continue the education in the fifth year, and gain additional 60 ECTS.

Upon completing the studies and the defense of the master’s thesis, the student is awarded with a Master of Laws – Legum Magister (L.L.M.) degree.

In the 9th semester the students have seven elective courses. The students select only five courses of the list. 

Faculty of Law
Study program: Finance and Business Law (3+1+1)
Master of Laws – Legum Magister (L.L.M.)
1 Customs Law Elective 6 152
2 Copyright Law Elective 6 152
3 Banking Law Elective 6 152
4 Budget Law Elective 6 152
5 Business Finance Elective 6 152
6 Securities Law Elective 6 152
7 Financing of Local Self-Government Elective 6 152
Master’s Thesis Preparation Required


Enrollment requirements

We can only enroll students who have graduated with at least 240 ECTS (completed four-year studies).

The students should prepare all of the required documents, which depend on the country they come from. The international students may need to submit their Bachelor’s degree certificates for nostrification at the Ministry of Education and Science of the Republic of North Macedonia. This should be done at least a month before applying for enrollment at our university.

The admissions process does not include entrance exams at the graduate level.

Required documents

When applying for admission to second cycle, candidates should submit the following documents:

For international students additional documents might be necessary. Documents for applications can be submitted at the International Slavic University “G. R. Derzavin” in Sveti Nikole, at the following address “Marshal Tito” No. 77 , and Bitola at the following address “Novachki pat” No. 16.

Tuition fees

The tuition fee per year for international students is EUR 2030. International students pay the whole amount of the yearly tuition fee at the beginning of each academic year.

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