Tuition Fees

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

Please, see tuition table for 2019 Intake below.

Full-time MBA 16 800 USD (discounted price for individuals)
EMBA full price 84000 USD (generous discounts are available, more information is available on request)
Master of Science in Finance 14 000 USD  (discounted price for individuals)
Current exchange rate is 370 tenge per 1 dollar USD.

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

You are worth exactly as much as your connections. It has long been known - the more people have great connections, the easier it is for them to solve problems.
The main task of modern business is to be aware of new trends and respond quickly to changes. And this applies to all aspects of business, including personnel development. Why it is important for businessmen to get new knowledge in a timely manner and why companies need to invest in human capital, in interviews said Erken Turganbayev, Director of programs for executives of NUGSB.
A university professor should not only be demanding and able to explain his subject, but also have relevant information. Publications in well-known scientific journals are considered to be the main indicator of this relevance in the scientific community.
NU School of Business started admission for the year 2019 for MBA program, MBA program for managers and MSc in Finance (Master of Science in Finance) program. The correspondent of looked into their peculiarity and applied orientation.

Last News

Nazarbayev University Graduate School of Business invites you to Research Seminar “Africapitalism, MNEs, and the Sustainable Development Goals in Africa” by Kenneth Amaeshi, Chair in Business and Sustainable Development and Chair of the Sustainable Business Initiative, The University of Edinburgh
On April 25, 2019 NU Graduate School of Business hosted a BUSINESS TALK & COFFEE networking workshop: “How to develop creativity and innovation in organizations?” by Dr. Cinzia Colapinto.
On April 20, 2019 Nazarbayev University Graduate School of Business held the GSBNU Alumni Reunion. This year Alumni Reunion was represented by a 1-day weekend program (Official part and Dinner).
Finance Research Symposium features discussions and talks by academics, practitioners and policy makers in Finance and Economics around a three  different themes «Financial Econometrics and Statistics; Behavioral Finance and Economics; and Capital Markets and Monetary Policy» held at Nazarbayev University on 18-19 April, 2019. The Financial Research Symposium aimed to bridge the gap between the […]

Upcoming Events

A two-day Research Symposium about Finance and Economics will take place at Nazarbayev University Graduate School of Business on April 18-19, 2019.
We invite you to the master class “How to develop creativity and innovation in organizations?” by Dr. Cinzia Colapinto on April 25 at 6:30 pm
Come to NUGSB on February 16, 2019 to attend free master classes during the Open House Day! The registration is closed.
Decision makers are surrounded with concepts and terminology from financial accounting: gross profit margin, operating cycle, liquidity, solvency, and numerous others. This course provides an applied introduction to the key topics in financial accounting and financial statement analysis. In the process, we will also introduce concepts and terminology of finance. As a result, program participants […]