Established in the 1944 year, the University of the West from Timisoara follows the classic model of the European universities, including eleven faculties that educate students in the field of nature sciences, human sciences, law and economics. It is a state institution that represents a traditional centre of education, science and culture in the western part of Romania. The Faculty of Economics and Business Administration is an important faculty of the West University established in 1967 that assure the educational programs for over 8.000 students. The post-graduate and master programs started in the 1995/1996 and has recently reorganised in the light of Bologna Process. From the present number of 32 master programs, the program ?Administration and Valuation of Real Estates? faces a very fast growing in its four years of existence. The program is structured on two years of study with four semesters and includes 14 study disciplines that follow internationally recognized curriculum.