History - Zagreb School of Economics and Management


The Zagreb School of Economics and Management began operations in September 2002, with the enrollment of its first generation of students. This marked the beginning of a culmination of years of work towards the goal of bringing the best practices of business schools to Croatia and creating a business school with talented business people. Among those deserving individuals is the late Joseph Bombelles, professor emeritus of Economics at John Carroll University in Cleveland, USA. Bombelles was a great patriot and descendant of an aristocratic family; he was the first and only president to-date of ZSEM’s Board of Trustees and has been selflessly devoting his knowledge and energy to ensuring that ZSEM remain a top business education institution.

ZSEM enrolls its first generation of a hundred students in the undergraduate program in Economics and Management.
ZSEM becomes the first business school in Croatia to be admitted to the elite AACSB (Association to Advance Collegiate Schools of Business), the most respected global association for international accreditation of business schools and faculties of economics. Thus, ZSEM demonstrated its high level of international standards of excellence in business education.
ZSEM’s first generation of graduates receive their diplomas. Alumni of the 2007 generation are still connected through the school’s Career Center which is actively involved with all of ZSEM’s alumni.
Eduniversal, for the first time, proclaims the Zagreb School of Economics and Management the best business school in Croatia. ZSEM still proudly holds this title, which is awarded every year, proving that it has advanced all other Croatian business schools and faculties of economics.
Eduniversal categorizes ZSEM’s MBA specializations amongst the best 200 in the world, while its specialization in Quantitative Finance is ranked amongst the top 100 in the world.
For the first time, ZSEM is visited by the President of the Republic of Croatia as well as the country’s Prime Minister and the Governor of the Croatian National Bank. In its efforts to improve dialogue in the community, ZSEM is frequently visited by prominent figures from the social, business and political sectors in Croatia and from around the world.
ZSEM earns its AACSB accreditation, placing the school in the ranks of top 5% of the most prestigious business schools and universities in the world, such as Harvard, Yale, Columbia, St. Gallen.
ZSEM launches a new undergraduate program in Business Law and Economics.
At its convention held at Harvard University, Eduniversal awards ZSEM the category of 4 Palmes of Excellence declares it the best business school in Croatia with significant international influence.
ZSEM launches a new undergraduate program in Business Mathematics and Economics.
ZSEM continues with its internationalization activities, enrolling a record number of international students within the context of Croatian norms. Since its establishment, over 1,700 international students have attended ZSEM as part of the international exchange program.
ZŠEM is a proud partner with 150 business schools and universities around the world
Zagreb School of Economics and Management organizes a doctoral program in Business Administration (DBA) of the Sheffield Hallam University (SHU) in Sheffield, UK.
ZSEM has confirmed the prestigious AACSB accreditation in the reaccreditation cycle, that places ZSEM among TOP 5% of the best business schools and universities in the world
ZSEM is re-accredited for educational and scientific activity by the Ministry of Science and Education.

Among top 5% of best business schools in the world

ZSEM among 200 of best schools in the world, among 60 of best in Europe

Leader in educating HR specialists