RTU Faculty of Engineering Economics and Management – the most prestigious business education institution in Latvia

7th of December, 2020
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Dean of the Faculty of Engineering Economics and Management Professor Dr. oec. Elīna Gaile-Sarkane

For the first time, the Faculty of Engineering Economics and Management (FEEM) of Riga Technical University (RTU) and Riga Business School (RBS) receive the highest reputation rating in Latvia according to the ranking system of the world’s best business schools Eduniversal.

The rating is compiled by 1000 world’s best business school deans, identifying best and most recognizable business education institution in each country.

The high evaluation received this year is a confirmation of RTU’s well-considered internationalization strategy, choosing to cooperate with worldwide recognized universities, establish worldwide partner universities network and become a member of international consortia for higher education. For instance, this autumn RTU received an invitation to join prestigious international association T.I.M.E. (Top International Managers for Engineering), formed by the world’s technical universities that are interested in cooperation providing students with a competitive engineering education. Whereas this summer RTU became involved in the development of a uniform European University of Technology.

The opinion of the 1000 world’s best business school deans is also positively influenced by the fact that RTU improves its performance in various international rankings. This year, RTU has been ranked in the 701 to 750 range of QS World University Ranking 2021, which is the highest ranking among Latvian universities. RTU has been assessed in various ratings applying different methodologies and recognized as the best university in Latvia – this is also confirmed by the rating U-Multirank and Times Higher Education Impact, which ranks RTU among the 200 best universities in the world. RTU has also been ranked as a Five-Star University in QS Stars rating, that is the highest evaluation. RTU is the only Latvian higher education institution that has been ranked among the 40 best higher education institutions in the international rating World’s Universities with Real Impact, assessing the university’s contribution to promoting business capacity and development of the business environment. RTU ranks 36th and it is the best result not only in Latvia but also in the Baltic States.

The Eduniversal evaluation of the reputation is significantly influenced by the activity of FEEM and RBS administration and academic staff, developing a wide network of business education and innovation professionals, engaging in industry associations, participating in scientific conferences, assessing and improving the quality of business education at the international level, developing joint study programmes.

For the fifth consecutive year RTU FEEM and RBS Eduniversal rating of the world’s best business schools has been ranked in the four palmes league, that represents particularly high academic level, excellent quality and significant international influence in business and management education.

The international ranking of universities and business schools Eduniversal Business Schools Ranking lists the 1000 world’s best higher educational institutions that offer business and management education. The 4 palmes league includes 200 business schools with excellent evaluation and significant international influence. This ranking is a league of five palmes of excellence.

The rating is developed by the French rating agency and consulting company SMBG. It is an organization that specializes in higher education and vocational orientation. Every year it compiles the 1000 best

universities and business schools rating, as well as a rating that includes Master and MBA programs specializing in 50 different fields in 154 countries. Eduniversal aims to establish a selection of the world’s best higher education institutions in order to help students to choose the most appropriate universities and business schools in East Asia, Eastern Europe, Africa, Central Asia, Eurasia and the Middle East, Latin America, Oceania, Western Europe and North America on the basis of recommendations from recognized educational experts. Moreover, Eduniversal promotes international mobility of students and academic staff. 

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7th of December, 2020 at 12:40

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