About EBS

EBS is the oldest privately owned business university in the Baltics. With more than 1500 students, EBS’s goal is to provide enterprising people with academic knowledge, skills and values for its successful implementation.

EBS offers degrees at Bachelor’s, Master’s as well as Doctoral levels. EBS has over 70 partner universities all around the world.


A few remarks about Estonia may be needed to understand the context where EBS operates. Estonia is a small country in the Northeast of Europe with a population of around 1.4 million people. Between 1941 and 1991 it was part of the Soviet Union, subsequently regaining independence in 1991. Since then, the pace of change in all areas of society and economy has been amazing and Estonia has embraced the idea of market economy without hesitation or compromise. The size of the country and its orientation towards the West has meant that EBS has stressed the international perspective from the start, and the rapidly changing environment has encouraged EBS to respond and adapt at an adequate speed.

When EBS was founded in 1988, it was the first institution in Estonia to introduce diploma business education. Since business administration did not exist in soviet universities, there was no teaching tradition, no faculty and no textbooks: a difficult starting position. Today, the situation is much more favourable, but Estonia is still not Great Britain, and Estonian Business School is not (and does not claim to be) London Business School. Adapting to the Estonian context has meant, for example, that EBS uses many practitioners and higher level managers as lecturers in its courses, and that EBS acknowledges and appreciates most of its students working full-time or part-time in addition to studying. Another factor for our success can be attributed to us using both English and Estonian as languages of instruction, thus preparing students for the Estonian market and beyond.

Starting from the scratch can also be seen as an advantage since we were not tied down by outdated procedures and overwhelming traditions from the past. One example of this is the opportunity to use the right proportion of full-time and part-time lecturers. The opportunity to learn from best practices at other institutions around the world has been extremely useful. The growth and development of EBS reflects what could be called a multiple-customer approach: we have tried to cater not only to our students, but also to our students’ employers and the society as a whole. In doing so, it seems that EBS is well in line with trends among institutions of business education worldwide. The notions of anticipating change, revising traditional programs to fit actual needs, and last but not least, applying management theories and best business practices in the running of the institution itself appear to be gaining more and more ground even in the more traditional and slow-changing environments of Western business schools.


EBS mission is to create and communicate new management knowledge, and equip entrepreneurial people with skills and values that would enable them to apply such knowledge successfully.


EBS vision is to become the most recognised international business school in the Baltic region.


Our core values have been defined already by the founding fathers and recently revised at Senate meeting in January 2015. EBS values are:

  • Co-operation – EBS acts, through its employees, as a partner to the society, enterprises, alumni and students

  • Competence – EBS deals with the development and communication of knowledge essential to the society and organisations in the long perspective

  • Creativity – EBS is seeking for new methods to achieve of goals and objectives by applying an “ out of the box thinking” approach

  • Independence – EBS values independence in being a university

  • Responsibility – EBS takes responsibility for the content and methods applied in the study process and the development of values in its students

  • Consideration – EBS cares for its employees, students, alumni and the development of the society

EPAS logo13 HR

In 2016 EBS English-language Bachelor’s level International Business Administration study programme became the first in Estonia to receive EPAS accreditation, which is among the highest level recognition business schools can receive. EPAS accreditation is awarded by the European Foundation for Management Development (EFMD). Read more here.


Institutional accreditation

akrediteeritud 3

  • In September 2013 EBS received institutional accreditation and was provided with the Quality Assessment Council´s accreditation for seven years.   
  • Alongside with the accreditation, the university also received the badge of quality.
  • The international accreditation committee evaluated positively the management of EBS as an organization, the conducting of the studies, the university´s academic research and activities related to the serving of the society.

International higher education transitional evaluation

More detailed information about the institutional accreditation can be found from the website of Estonian Higher Education Quality Agency (EKKA).

Estonian Republic Government Regulation

  • According to the Estonian Republic Government Regulation  No 178 (from December 18, 2008, “Standard of Higher Education” Annex 3), Estonian Business School has the right to issue academic degrees and diplomas to students after completing the corresponding programme (21.08.2010).

CEEMAN logo2012CEEMAN Accreditation

  • Estonian Business School has the CEEMAN (Central and East European Management Development Association) international accreditation since 2001.


EBS has been giving out the Business Manager of the Year award since 1991.

The title is awarded to people who have created a strong company or group of companies with excellent economic results over the previous two years. The title of the Business Manager of the Year may be awarded only once.

Candidates are selected by members of the EBS Advisory Board as well as participants and alumni from EBS EMBA programme.

EBS Business Managers:

  • 2015 Margus Vanaselja
  • 2014 Bo Henriksson
  • 2013 Viljar Arakas
  • 2012 Anne Samlik
  • 2011 Joakim Helenius
  • 2010 Jaan Puusaag
  • 2009 Peter Hunt
  • 2008 Teet Jagomägi
  • 2007 Aivar Rehe
  • 2006 Toomas Luman
  • 2005 Fjodor Berman
  • 2004 Toomas Annus
  • 2003 Enn Pant
  • 2002 Mati Polli
  • 2001 Indrek Neivelt
  • 2000 Tarmo Noop
  • 1999 Allan Martinson
  • 1998 Meelis Virkebau
  • 1997 Jüri Käo
  • 1996 Olari Taal
  • 1995 Hannes Tamjärv
  • 1994 Hans H. Luik
  • 1993 Meelis Milder
  • 1992 Vladimir Galkin
  • 1991 Rein Kaarepere

Selected historical milestones:

  • EBS was established by Madis Habakuk, Ilmar Martens, and Marshall Fitzgerald.


  • MBA programme was opened.


  • International Business Administration bachelor’s programme was opened.


  • EBS Library was opened.


  • Ministry of Education licensed EBS as a university;
  • The first issue of EBS Review was published;
  • EBS moved to the campus on Lauteri street.


  • Doctoral programme was launched in cooperation with Turku School of Economics (Finland);
  • EBS joined European Foundation for Management Development (EFMD).


  • EBS Student Council and EBS Alumni Association were both registered as non-profit legal entities;
  • EBS passed EFMD eligibility study for EQUIS accreditation.


  • EBS joined the Consortium of International Double Degrees (CIDD);
  • EBS joined ESF Erasmus programme.


  • EBS Entrepreneurship Centre was established.


  • EBS got accredited by Central and Eastern European Management Development Association (CEEMAN);
  • Successful defence of the first doctoral degree.


  • EBS joined European Business Ethics Network (EBEN);
  • Ministry of Education and Research licensed EBS doctoral (PhD) programme and evaluated positively our research.


  • EBS joined the Public Universities’ Quality Agreement.


  • Rector of EBS Madis Habakuk was elected to EFMD board.


  • Successful reaccreditation by CEEMAN;
  • Double diploma agreement was signed with Lancaster University Management School.


  • EBS doctoral programme in Management was fully accredited by the Ministry of Education and Research.


  • EBS R&D activities were positively evaluated by the Ministry of Education and Research;
  • EBS got licence for unlimited term to run study programmes on bachelor, master and doctoral level in the field of business administration, which made us the only private university in Estonia.


  • EBS hosted European Academy of Management (EURAM) annual conference;
  • EBS opened a campus in Helsinki, Finland;
  • EBS joined the Agreement on Good Practice in Quality.


  • EBS closed negotiations with Nottingham Trent University to open a joint MSc programme in European Business and Finance in 2013.