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The Bucharest University of Economic Studies ( ro, Academia de Studii Economice din București, abbreviated ''ASE'') is a public
university A university () is an institution of higher (or tertiary) education and research which awards academic degrees in several academic disciplines. Universities typically offer both undergraduate and postgraduate programs. In the United States ...
in
Bucharest Bucharest ( , ; ro, București ) is the capital and largest city of Romania, as well as its cultural, industrial, and financial centre. It is located in the southeast of the country, on the banks of the Dâmbovița River, less than north of ...
, Romania. Founded in 1913 as the ''Academy of Higher-level Commercial and Industrial Studies'' (''Academia de Înalte Studii Comerciale și Industriale'' (AISCI)),Short history of the institution
it has become one of the largest economic higher education institutes in both Romania and South-Eastern Europe. The Bucharest Academy of Economic Studies is classified as an ''advanced research and education university'' by the
Ministry of Education An education ministry is a national or subnational government agency politically responsible for education. Various other names are commonly used to identify such agencies, such as Ministry of Education, Department of Education, and Ministry of Pub ...
. It is one of the five members of the ''Universitaria Consortium'' (the group of elite Romanian universities).


History

Established on 6 April 1913 by the
Royal Decree A decree is a legal proclamation, usually issued by a head of state (such as the president of a republic or a monarch), according to certain procedures (usually established in a constitution). It has the force of law. The particular term used for ...
of
Carol I of Romania Carol I or Charles I of Romania (20 April 1839 – ), born Prince Karl of Hohenzollern-Sigmaringen, was the monarch of Romania from 1866 to his death in 1914, ruling as Prince (''Domnitor'') from 1866 to 1881, and as King from 1881 to 1914. He w ...
, the Academy of Higher-level Commercial and Industrial Studies was the first economic higher education institution established in Romania. In 1947, the Academy was reorganised and merged with the Academy of Cooperative Studies to form the ''Academy of Commercial and Cooperative Studies''. During the Communist Era, in August 1948, it turned into the ''Institute for Economic Sciences and Planning'', according to the model provided by the Soviet higher education institutions. During the 1967–1968 academic year, the institute was reorganised again and became the Bucharest University of Economic Studies, a name which the university still holds today.


Institution

The Bucharest University of Economic Studies has 22,684 students (undergraduate and graduate levels) in eleven faculties. The university has positioned itself as a research institution, hosting 13 centers of research acknowledged and endorsed by the National Council of Scientific Research in Higher Education. A notable presence inside ASE is the Business Information Technology department (Romanian: Informatică Economică) which is an entity that promotes an educational philosophy based on combining economics and software development as a way of creating experts suitable for the
Information Age The Information Age (also known as the Computer Age, Digital Age, Silicon Age, or New Media Age) is a historical period that began in the mid-20th century. It is characterized by a rapid shift from traditional industries, as established during ...
.


Format and length of studies

In the 1970s and 1980s, master's degrees in economics were awarded to full-time students after 4 years of study, except for the Faculty of 'Cibernetics and Informatics', which required one additional year. After 1990, Undergraduate studies at the Bucharest University of Economic Studies ended with a
Bachelor's degree A bachelor's degree (from Middle Latin ''baccalaureus'') or baccalaureate (from Modern Latin ''baccalaureatus'') is an undergraduate academic degree awarded by colleges and universities upon completion of a course of study lasting three to six ...
in Economics, while acquiring a second specialization according to the department where they were enrolled. Up to 2005, undergraduate studies at the Academy of Economic Studies consisted of a four-year cycle (five-year cycle for the Faculty of 'Cibernetics and Informatics'). Master studies would continue for two more years, and doctoral programmed would normally be three years long. Since 2005 however, the university has adopted the Bologna declaration and undergraduate studies are now three-year long, followed by 2-year Master programmes. In this format, undergraduate studies finalize with a total of 180 credits, graduate programmes require a completion of 120 credits. The PhD programmes remain with a length of minimum three years.


Ranking

ASE was ranked by the Times Higher Education World University Ranking 2021 as the best university in Romania. Top Shanghai 2018 ranked ASE as the best university in Economics in Romania and 201–300 worldwide. QS World University Rankings 2017 also ranked ASE as the best university in Economics and Econometrics in Romania and 301–350 worldwide.


Faculties

There are thirteen faculties: * FABIZ - ''Administrarea Afacerilor cu predare în limbi străine'' ( Business Administration in Foreign Languages); * AMP - ''Administrație și Management Public'' (
Administration Administration may refer to: Management of organizations * Management, the act of directing people towards accomplishing a goal ** Administrative Assistant, traditionally known as a Secretary, or also known as an administrative officer, admini ...
and Public
Management Management (or managing) is the administration of an organization, whether it is a business, a nonprofit organization, or a Government agency, government body. It is the art and science of managing resources of the business. Management includ ...
); * BBS - ''Școala de Afaceri București'' (Bucharest Business School); * CIG - ''Contabilitate și Informatică de Gestiune'' ( Accounting and
Management Information Systems A management information system (MIS) is an information system used for decision-making, and for the coordination, control, analysis, and visualization of information in an organization. The study of the management information systems involves pe ...
); * COM - ''Business and Tourism (formerly
Commerce Commerce is the large-scale organized system of activities, functions, procedures and institutions directly and indirectly related to the exchange (buying and selling) of goods and services among two or more parties within local, regional, nation ...
)''; * CSIE - ''Cibernetică, Statistică şi Informatică Economică'' (Economic Cybernetics, Statistics, and Informatics); * LAW - ''Drept'' (Law); * EAM - ''Economia Agroalimentară şi a Mediului'' (Agricultural, Food, and Environmental Economics); * ECO - ''Economie Teoretică și Aplicată'' (
Economics Economics () is the social science that studies the production, distribution, and consumption of goods and services. Economics focuses on the behaviour and interactions of economic agents and how economies work. Microeconomics analyzes ...
); * FABBV - ''Finanţe, Asigurări, Bănci şi Burse de Valori'' ( Finance,
Insurance Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to hedge ...
,
Bank A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because ...
ing, and
Stock Exchanges A stock exchange, securities exchange, or bourse is an exchange where stockbrokers and traders can buy and sell securities, such as shares of stock, bonds and other financial instruments. Stock exchanges may also provide facilities for the ...
); * MAN - ''
Management Management (or managing) is the administration of an organization, whether it is a business, a nonprofit organization, or a Government agency, government body. It is the art and science of managing resources of the business. Management includ ...
''; * MRK - ''
Marketing Marketing is the process of exploring, creating, and delivering value to meet the needs of a target market in terms of goods and services; potentially including selection of a target audience; selection of certain attributes or themes to emph ...
''; * REI - ''Relaţii Economice Internaţionale'' ( International Business, and
Economics Economics () is the social science that studies the production, distribution, and consumption of goods and services. Economics focuses on the behaviour and interactions of economic agents and how economies work. Microeconomics analyzes ...
).


References


External links


The Official Site of ASE
{{DEFAULTSORT:Bucharest University Of Economic Studies Educational institutions established in 1913 Universities in Bucharest Business schools in Romania 1913 establishments in Romania