International School of Economics at Tbilisi State University (ISET)  Follow

Hayk Vardanyan Memorial Scholarship for Two-year MA Program in Economics 2021-2022, ISET, Tbilisi

Publish Date: May 13, 2021

Deadline: Jul 01, 2021

Hayk Vardanyan Memorial Scholarship for ICARE Students to Study at ISET, Tbilisi

The memorial scholarship was established in honor of ICARE alumnus Hayk Vardanyan, who lost his life in November 2020 during the war between Armenia and Azerbaijan.  The scholarship will fully cover tuition of the master’s degree Program in Economics at the International School of Economics at Tbilisi State University (ISET), Tbilisi, Georgia for an ICARE student, as these two institutions were the home institutions of Hayk Vardanyan.


ISET offers a two-year MA Program in Economics. ISET’s curriculum mirrors world-class graduate economics programs of leading universities in the U.S. and Western Europe and is entirely taught in English by international professors. ISET faculty hold PhDs from some of the world’s top universities, such as Columbia University, the Hebrew University, and the University of Pennsylvania; in addition, regular visiting faculty come from renowned institutions from around the world. English is the only language of instruction and communication.

Over the course of the last 14 years, over 50 Armenian students have graduated from ISET, Hayk Vardanyan being one of them. All Armenian graduates have achieved professional success or continued their studies abroad in prestigious PhD programs, such as University of Chicago, Notre Dame and Duke, among others.

Opportunities for ICARE students:

Hayk Vardanyan memorial scholarship: the scholarship will fully cover the cost of tuition at ISET’s master’s degree program in economics (USD 3,000).

Accommodation: ISET will provide free accommodation in shared ISET-rented apartments for the first year of studies to Armenian students.

International student exchanges: ISET students have an opportunity to spend a semester or summer with our partner institutions at the Norwegian School of Economics, Clermont-Auvergne University, Stockholm School of Economics and others.

Placement in prestigious PhD programs: Many ISET graduates have pursued PhDs with full funding at Stanford University, the University of Chicago, New York University, Washington University, the University of Pennsylvania, the University of Warwick and the University of Leicester, among others.

Teaching fellows program: 70% of ISET graduates become teaching fellows of the CERGE-EI foundation (Czech Republic). All fellows receive pedagogical training in Prague. The graduates teach modern, market-based economics in different universities of the region.

Employment and professional internships: ISET has a 98% employment rate of its alumni for professional and analytical positions. Diverse internship opportunities are offered during studies.

Easy to Apply:  1. submit application package online and 2. take admission exams, online.

Further Official Information

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