Apply now to the Institute of World Economy!
At the Institute of World Economy, we offer multiple paths to enrollment. Whether you want to do your studies completely in the exciting city of Budapest, or you would like to improve your skills through a double degree program. Whether you want to work for a MSc or a PhD degree. You’ll find an accessible path to meet your goals.
Check out first the Admission Requirements to join our International Economy and Business MSc Program!
1, A Bachelor’s degree
Applicants are required to present an authenticated copy of at least a BA/BSc degree both in the original language and in English, as well as an official copy of the transcript of their studies. Graduating students need to send their certificates after the defense of the thesis work.
2, Successful entrance exam
3, Language requirements
The English-language skills of applicants are tested both in the written and the oral parts of the entrance exam and, therefore, a certificate proving the English-language skills of the applicants is not required to be enclosed in the application package.
Entrance exams to the Master’s Programs consist of the following two parts:
Applicants are expected to do a case-study analysis on general social and economic topics so that they provide an independent, logically founded and professionally defendable standpoint on the issue in question. Applicants in the analysis are expected to use concepts and methods of the economic literature profoundly. The purpose is to see how well-informed applicants are in political and international issues, as well as to measure their theoretical knowledge and analytic skills.
The purpose of the interview is to measure applicants’ verbal competences, as well as to learn about their motivation for joining a program. Interviews are evaluated, among others, on the basis of how successful applicants are in communicating their ideas, what career plans they have in mind or how they think they can benefit from the Master’s program in order to meet their future goals.
More information about the exams below.
The economic analysis of current political and international issues.
The entrance exam is composed of the writing of an essay. The questions of the essay are so broad that they make it possible to measure and evaluate how well-informed the applicant is in public political and international issues. In the analysis, it is expected that the terms, and methods used in the economic literature come up and be examined straight and to the point. The applicant has to choose one of the 4-6 topics and provide an independent analysis and opinion on the issue in 2-3 pages of length, while referring to the adequate terminology and processes connected generally to the matter.
The aspects of the evaluation are:
Web pages, online books and other resources which may be useful for preparing for the entrance exam:
The goal of the motivational discussion is to measure the applicant’s verbal competences and commitment for the programme. The main aspects of the evaluation are how relevant the student considers the knowledge provided by the programme, what carrier opportunities he or she sees, how he or she manages to communicate his or her ideas, and how solid his or her style is.
Applicants of the MSc programme have to take part in the entrance exam of the faculty. During the entrance procedure, 100 points can be earned.
Structure of the exam
During the written session you will receive an e-mail from the University providing you with the questions, which you will have 24 hours to answer and send back to this address. Therefore having an Internet connection and computer is essential for completing the test. The oral part would be a discussion on the telephone on some current economic/political question as well as a discussion on why you have decided to apply.
Out of the 100 points which can be earned at the MSc entrance exam, the maximum amount of the extra points is 10.
Below are the conditions that entitle the students for additional points.
The admission is determined by a board composed of the delegates of the departments responsible for the education of the programme.
The number of admitted students: Maximum 40
The Faculty welcomes applications the entire academic year from 2017/2018. The MSc in International Economy and Business program is launched twice a year (in September and in February).
Application deadline: 30th May 2018 (for September 2018 intake)
Application packages should contain the following items
Application packages have to be posted in hard copy to the postal address of Corvinus University of Budapest OR have to be sent in an electronic form to nikolett.menyhart(at)uni-corvinus.hu by the application deadline. Successful candidates receive the certificate of acceptance in online form via E-mail, as well as in hard copy via post so that, in case it is applicable, the visa application procedure can be started in time.
Application fee: 110 EUR
The application fee is non-refundable.
Tuition fee is 1750 EUR for EEA citizens and 2450 EUR for non-EEA citizens per semester.
Successful candidates will receive immediately a notification of acceptance by which their visa application can be accelerated if necessary.
The Faculty can assist in the visa application process.
For EU nationals we recommend obtaining an EHIC card in their home country.
For students coming from non-EEA countries, we can recommend a private health insurance company the University is in contract with, offering its insurance package at a reduced price (around EUR 230 per year). When arriving at Hungary you need a valid travel insurance till you get insured here.
To read more about health care issues, please click here.
Successful applicants are expected to arrive to Hungary by the 1st of September/February.
We would like to draw your attention to the fact that the detailed requirements for Hungarian citizens to be admitted are accurately listed in the “Admission Bulletin for Higher Education ” / Felsõoktatási Felvételi Tájékoztató / published by the Ministry of Culture and Education annually in December and valid for the next academic year.