Universities have to face many changes in the sector of higher education caused by the current dynamic development in this sector. With the decline in state support, increased competition and unfavourable demographic progress, universities are forced to establish and improve their relationships with new and existing stakeholders. Research on relationships among universities and stakeholders has historically focused on the diff erent factors and their infl uence on improving stakeholder satisfaction with the quality of university services and on strengthening cooperation. Some studies are focused on stakeholders' classifi cation according to their importance for higher education institutions. However, there are fewer scientifi c studies which concentrate on the intricacies of managing stakeholder satisfaction according to key areas of Universities. This study aims to design a conceptual scheme for managing stakeholder satisfaction depending on the importance of stakeholders in the key fi elds of Universities. The research was done in three steps. As the fi rst stage, university stakeholders were identifi ed via interview. In the second stage, the following key fi elds relating to university activities were identifi ed via focus group -education, science and research, premises and technology. In the third stage, the importance of the particular stakeholders was identifi ed for the fi elds mentioned in the stage two. In order to gain the necessary information, a set interview method was chosen. Native students were identifi ed as the most important stakeholder for the fi eld -education, academic staff as the most important for the fi eld -research and development and enterprises as the most important stakeholder for the fi eld -premises and equipment. The results of the research conducted provided the authors with a convenient base for formulating the conceptual scheme for managing stakeholder universities' satisfaction.