Tuition Fees

Before the first day of the orientation week, students may select a payment options individually.

Please, see tuition table for 2018 Intake below.

Discounted tuition fee for individuals (USD) Number of allowed installments
2018-19 Academic year 2019-20 Academic year individuals companies
Full-time MBA 8 400 8 400 6 2
Executive MBA* 39 200 19 600 7 3
Master of Science in Finance 7 000 7 000 6  2

Note: In case of upfront payment in the form of 100% of the tuition fee 5% additional discount applies.
Scholarship rates are reviewed and established by the Managing Council of the Nazarbayev University each year. Tuition fee doesn’t include travel expenses associated with residencies outside of Astana, Kazakhstan.

The exchange rate at the University is fixed at KZT 330 for USD 1 as of January 2018.

For more information on corporate discounts, please,contact us at email:

Application fee

The application fee is nonrefundable and cannot be waived. It must be paid with the application before the registration deadline.

Aprx. USD 90 (KZT 30 000) for graduate degree programs.

Financial Aid opportunities

Nazarbayev University Graduate School of Business (NUGSB) offers limited numbers of scholarships that cover 30 to 65% of the tuition fee for the 2018 Intake – this can make it possible for you to study at NUGSB. This applies only for graduate degree programs at NUGSB.

In accordance with the results of the selection process, the Admissions Committee may also award a scholarship offered by companies to outstanding candidates.

Nazarbayev University provides extra financial support for exceptional international students that covers up to 100% of the tuition fee (room & board not included in the scholarship).

Living costs & General expenses

The table shows the estimated MIDDLE RANGE costs of living expenses in Astana city, Kazakhstan per month.

The budget items might vary depending on individual preferences. Students should consider that these are estimated living costs associated with their education. These costs do not include tuition fees. 

Expenses Full-time MBA, 14 months;
Master of Science in Finance, 14 months
Executive MBA, 19 months
Accommodation on campus 
Double occupancy=30 USD (KZT 9000)
Single room= 54 USD (KZT 18000)
This includes the basic utilities (electricity, heating,water)
There is a limited number of rooms provided to graduate students on campus
EMBA costs are included into the tuition fee
and should be discussed with admissions
Off-campus rent 1. 1 bedroom Apartment in City Center and nearby to campus – USD 361 (KZT120 000);
2. 1 bedroom Apartment in right bank- USD 256 (KZT85 000);
Meal USD 230 (KZT 75000)
University provides a meal plan for students
Here you can find more information about some on- campus eateries:
Grocery shop catalogue is here:
Info about shopping malls:
Books study materials are provided by the School,except for joint programs like Master of Engineering management program
Visa depending on the country of residency of the student
Transportation One way ticket on local transport 0.30 pence (KZT 90);
Monthly pass USD22 (KZT7000); taxi starts at 2 USD (KZT 664)
GYM Monthly multi-pass deposit USD4 (KZT 1000) for 6000+ square meter multi-sport complex on campus);
off –campus fitness-clubs cost at USD60 per month? (KZT20000)
Insurance University provides a medical insurance for undergraduate students only
Mobile prepaid Monthly local package at ACTIV,KCELL is USD 7(KZT2200)
Cinema Single entry ticket USD6 (KZT1900)
Childcare Private kindergartens cost at USD 160 (KZT 53000)
Average cost of living in Astana USD 700-900 (depending on the personal preference)

In the Press

Good education is the key to a successful future. This is a firm foundation of professionalism, which gives confidence in their abilities and opens many doors.
Professor Chet Borucki and professor Zhijian Cui will reveal the secrets of successfull companies
This question is answered in an interview by Marek Jochec, Associate Professor, Academic Director of the MSF Program of the Nazarbayev University Graduate School of Business.
Professor of the Nazarbayev University Graduate School of Business Chet Borucki gives tips and recomendations to candidates on how to write a strong essay to impress the admissions committee, how to behave in an interview, and what candidates should not to do during application process.

Last News

Watch the video of Assiya Kairbay's guest lecture during Career week at NUGSB where she is telling abour all career opportunities, certificate programs and scholarships which you can get at AIFC
Congratulating Professor Thierry Post on another accepted paper in the Journal of Business & Economic Statistics
Nazarbayev University Graduate School of Business invites you to Research Seminar “A Coherent Methodology for Economic Capital & Stress Testing” by Gavin Kretzschmar, Dean of International School of Economics (ISE) of Kazakh British University, Almaty
Nazarbayev University Graduate School of Business & the Department of Economics invites you to Research Seminar “Effects of Early Childhood Education on Adolescent Behavioral Outcomes” by Shintaro Yamaguchi, Associate Professor of Economics at the University of Tokyo

Upcoming Events

On August 2, 2018 come to seminar "RF (Riba Free Islamic) Banking The American Experience" by Dr. Yahia Abdul Rahman.
Nazarbayev University Graduate School of Business (NUGSB) invites you to the Networking Session with Dean Duparcq in London on June 25, 2018 at 6.30 PM in CASS Business School. We will discuss Belt&Road Initiative, study opportunities at NUGSB as well as scholarships for local and international candidates.
Operations management is one of the critical aspects of the enterprise management. The tools and concepts derived from operations management can be widely applied to all types of business processes in different industrial sectors.
NUGSB is hosting FREE OF CHARGE networking workshops. Meet other business professionals and our faculty for a 1-hr conversation of important business topics and networking with colleagues.