Széchenyi 2020
Budapesti Corvinus Egyetem ×


Criteria for application

One may gain entrance to organised doctoral training by undergoing the entrance procedure. University doctoral trainings may be entered by

Hungarian citizens, who have
a) A university degree or an accredited certificate of equivalent value acquired at a Master’s (MA or MSc) programme, graded at least “good” (or an equivalent grade). The student may be absolved from the “good” grade requirement after a time of three years from acquiring the degree, but only if they have shown sufficient research performance;
b) At least one „B2” (or higher) complex language certificate, issued by the state or an equivalently accredited body;
c) Professional and scientific skills which meet the doctoral school’s standards;

Foreign citizens, who have
a) A university degree or an accredited certificate of equivalent value acquired at a Master’s (MA or MSc) programme, graded at least “good” (or an equivalent grade).
b) Language skills the doctoral school prescribes;
c) Professional and scientific skills which meet the doctoral school’s standards.
Application for the PhD program is subject to having a university level (master) diploma obtained in an accredited course. Only candidates holding a university degree rated good or a university doctorate with designation cum laude may apply for the Programme. (In the case of university students graduating in the academic year 2018/2019 the deadline for presenting degrees is 1 September 2019.) Further admission requirements include very good knowledge of English and type C intermediate language examination certificate. The Doctoral School uses English as the language of instruction, so applicants who do not have an English language examination certificate must provide proof of their English language proficiency in a different way.

Applicants who achieved excellent results in the subjects suiting their chosen specialisation or applicants who were awarded a prize in the given topic at the National Conference of Student’s Scholarly Circles enjoy an advantage during the application procedure.

The following documents must be attached to the application form:
  • a copy of the registration course book and the diploma (the original documents must be presented!)
  • language examination certificate, or a request for participating in a hearing aimed at testing language skills (the original documents must be presented!)
  • copies of student competition (e.g. TDK) prizes
  • curriculum vitae
  • presentation of the professional results achieved so far
  • list of publications
  • short research plan (2-3 pages)
  • declaration by the host department and advisor professor (consultant)
  • certificate of paying the application fee
  • two self-addressed envelopes (small and medium-sized)

The doctoral programme offered at Corvinus University of Budapest has set the objective of promoting coherence with the world’s advanced educational systems. It enables participants to prepare for high quality research and educational activities even according to international standards.

Based on international experience, those who successfully complete the programme have numerous attractive career opportunities both at home and abroad. There is a continuously growing demand for economists capable of performing sophisticated analyses not only in the research and education sector, but also at banks, regulatory institutions, international financial, investment and consulting organisations.

The PhD (doctorate) programme in economics was launched in 1993 at Budapest University of Economics, and it was transformed into a Doctoral School in 2001. The Programme is realised in cooperation with researchers of the Hungarian Academy of Sciences (e.g Institute for Computer Science and Control (MTA SZTAKI)), and other institutes. Among the instructors and research workers engaged in regular educational and research consulting duties at the Doctoral School there are regular members and invited members. Currently, the Doctoral School of Economics of Corvinus University of Budapest has the following regular members:

NameDegree, titlePositionWorkplace (Department at Corvinus University of Budapest)
Éva BerdeCScUniversity professorMicroeconomics
Edina BerlingerPhDAssociate professorCorporate Finance
Klára MajorPhDAssociate professorMicroeconomics
Péter MedvegyevCScUniversity professorMathematics
János SzázCScUniversity professorCorporate Finance
Gyula VastagDScUniversity professorMathematics
János VinczeDScUniversity professorMathematical Economics and Analysis
Ernő ZalaiMHASProfessor EmeritusMathematical Economics and Analysis

There are four main specialisations within the Doctoral Program: 

  • General economics (person in charge: Gyula Vastag, university professor) 
  • Financial economics (person in charge: János Száz, university professor) 
  • Operational research (person in charge: József Temesi, Professor Emeritus) 
  • Institutional economics (person in charge: Miklós Rosta, Associate Professor) 

The programme organiser in charge of the operative tasks andadministration of the Doctoral School is: Marianna Vajda. 

The Doctoral School’s body with ultimate decision-makingauthority is the Council of the Doctoral School of Economics. 

The structure of the doctoral programme 

The doctoral programme of Corvinus University of Budapestconsists of two components: the organised training-research and research-degreeobtaining phases, i.e. the study phase (4 terms) and the degree obtaining phase(4 terms). 

The procedure aimed at obtaining a doctoral degree involvesa complex examination of the knowledge acquired during the doctoral programme,a presentation of the candidates’ independent academic work via scientificpublications , certification of the prescribed foreign language skills, thepresentation and defending of the draft of the dissertation containing thesolution of an independent scientific task during a discussion at work, and thepresentation and defending of the finished dissertation in an open session.

Applications to the Doctoral School of Economics may be submitted in possession of a university, master or doctorate diploma obtained in an accredited training programme, rated at least good. Upon the expiration of a period of three years after obtaining the diploma, an exemption from the requirement of a good grade may be given subject to providing proof of sufficient research performance. The general rules of the admission procedure are included in Sections 10 and 11 of the Doctoral Rules of the University Doctoral Council.

The admission examination is aimed at assessing the level of theoretical and methodological preparedness as well as the applicants’intellectual capacity and suitability for scientific work. The results of the admission procedure are public, and admission takes place on the basis of the rank of the admission scores obtained on the basis of evaluating three elements:

(a) the written materials to be submitted upon application(maximum 20 points)

(b) the grades of the written admission examinations(maximum 60 points)

(c) complex evaluation based on the oral hearing (maximum 20 points).

ad a) The members of the admission committee evaluate and mark the submitted written materials per person. (Main criteria for evaluation:the examination grades of the subjects within the scope of the given discipline, the topic and evaluation of the degree thesis, scientific activity(e.g. Student’s Scholarly Circles), the level of maturity of the research idea,support by the department and the consultant.)

ad b) When inspecting the written tests, the applicants’performance is graded on a percentage scale in respect of each entrance examination subject, and the number of points obtained is represented by the weighted (20% or 16%) amount of the individual percentage results achieved in the specific subjects. Applicants with a result below 50% in two subjects (not satisfactory) are automatically excluded from further evaluation.Applicants may inspect the result of their written examination before the oral hearing. Any objection against the result of the written examination will be judged by the admission committee.

ad c) After the oral hearing the admission committee determines the applicants’ scores reflecting their complex evaluation, and then the applicants’ scores are added up. Applicants are ranked on the resulting scale of 100 points and, based on the rank, the admission committee makes a proposal for those admitted and for awarding the scholarships available to the school.

The decision on admission is approved by University Doctoral Council based on the proposal of the admission committee on the basis of the rank of the scores reached. An appeal against the decision on admission may be brought before the Doctoral Council of the University only in the case of deviations from the admission rules laid down herein or in the Doctoral Rules.

Entrance examination subjects in the specialisations of economics, financial economics and operational research:

  • Microeconomics 
  • Macroeconomics 
  • Mathematics 
  • Statistics 

Exemption: Those who graduated from Corvinus University of Budapest majoring in economic theory mathematical economic analysis or insurance and mathematical finances, if they achieved at least a good grade in the basic comprehensive examinations taken in the given subjects and in the final examination of their major, are exempted from the written examinations in subjects B1-B3. Students who passed the given basic comprehensive examination and the final examination with excellent results will be given 90%, those who passed the basic comprehensive examination with excellent and the final examination with good results will be given 85%. In any other case students will be given 80%. Upon request, however, these students may also take an admission examination in the given subjects, in which case the result achieved in the admission examination will be taken into consideration.

In respect of the institutional economics specialisation an admission examination must be taken in two subjects:

Institutional economics 

Comparative economics.

Upon request applicants will be notified about the result of the written examination before the oral hearing, and they can inspect their examination papers. Any objection against the result of the written examination will be judged by the admission committee. (No appeal lies against other results.) We plan to admit 5-10 persons per year to the Doctoral School.

Microeconomics and Macroeconomics 

1. Requirements: Sound knowledge of the material of thefull-time standard course in microeconomics, macroeconomics and internationaleconomics, the application of basic concepts, theoretical correspondences –including correspondences between the above subjects – at the level ofproficiency in solving economic tasks. 

2. Topics: Consumer and producer behaviour. Analysing marketstructures. The foundations of the exchange theory. The general equilibriumtheory and welfare economics. International trade. Consumption, saving andinvestment. The Solow Growth Model. The IS-LM model. The AA-DD model. Money andexchange rates. 

3. The type of the examination: Solving problems prepared onthe basis of the exercises known from the sample problems of microeconomics,macroeconomics and international economics, emphasising correspondences betweenthe different fields. 

4. Permitted examination aids: calculator  

Mathematics subject group   

1. Fundamental principle: The primary focus is not oncalculation skills, but rather on the knowledge of the concepts, the relatingstatements and their use in economics. A smart explanation of the content mayeven make up for “precise” mathematical formulation. 

2. Topics: 

Analysis: The elementary concept of relation, preference,continuous function, convex function, the concept of derivative and itscontents, elasticity, unconditional extremum, integral (graphic content),derivatives of multivariable functions, multivariable unconditional extremum, conditionalextremum (the formulation of the task is enough). 

Linear algebra and linear optimisation: Vector space(examples of vector spaces), the basic features of linear maps (matrices),matrix inverse, positive definite matrices (concept and role in the case ofextrema), convex set, polyhedron, polyhedral set, linear programming task(through an economic example), duality. 

Probability theory: Event space, probability, randomvariable, expected value, deviation, some important distributions (first of allnormal distribution). 


1. Requirement: sound knowledge of the material of the 2ndyear of the full-time standard course, solving basic tasks at the level ofproficiency. 

2. Topics: basic concepts, the main tools of datacompression, analysing heterogeneous populations, comparison by means ofstandardisation and index calculation, basic concepts of sampling, estimationtheory, statistical hypothesis testing, time series analysis, bivariate andmultivariate regression analysis. 

3. Type of examination: test questions, solving short tasksrequiring minimal calculations, use of tables, interpreting results. 

4. Permitted examination aids: book of statistical formulas,calculator. 

Institutional Economics and Comparative Economics 

Requirements: Students applying for admission are expectedto have a basic knowledge of the approach and main theories of institutionaleconomics and comparative economics. During the admission procedure it isexamined whether students applying for admission to the Institutional andComparative Economics specialisation have at least a basic knowledge of thetrends in the focus of the specialisation, and whether their interest andcommitment is based on real knowledge. 


  • the economics of transaction costs 
  • the theory of property rights 
  • the economics of contracts
  • the theory of community decisions 
  • institutions (formal, informal) 
  • state-market relations 
  • economic systems (Varieties of Capitalism) 
  • system paradigm 

The type of the examination: Writing an essay on across-cutting issue.

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GEN.:2021.03.09. - 10:47:44