Prospective Students
Programmes
Interested in studying in the heart of Central Europe?
- Study in Budapest, where the West and the East meet to share wisdom, cultures and fun.
- The Corvinus University of Budapest offers you a modern campus in a beautiful location that will surely inspire you.
- The Corvinus campus is home to thousands of Hungarian as well as international students together with whom it will be a pleasure to work and a challenge to compete.
The Institute of World Economy belongs to the Faculty of International Relations and Social Sciences, that has been rated to be Hungary’s leading university institution for study of social science.
PROGRAMMES OF INSTITUTE OF WORLD ECONOMY
International Economy and Business MSc
We offer mobility and double degree programmes for our MSc students.
(such as ERASMUS, IMESS, SCRIBE21, HERMES)
World Economics PhD
You can obtain your PhD degree in Economics in the International Relations Multidisciplinary Doctoral School of Corvinus University of Budapest
CAREER OF OUR STUDENTS
Our students who take part in internship programmes are the most likely to get employed by multinational corporations or international organisations. Our students often end up working in the business sector for companies such as IBM, KPMG, Morgan Stanley, Prezi, MOL, OTP, Citi Bank and Shared Service Centers; international organisations such as OECD, EU, UN; Non-governmental organisations; or the Hungarian governmental sector.
OUR STUDENTS SAY
“Advantage of the programme is in extraordinary professors with international experiences. Moreover, students have the opportunity to participate in exchange programs and study one or 2 semesters abroad.” – Marina M.
“With a knowledgeable faculty who relate theory to practice, I have garnered an in-depth understanding of how the real world economy works and have acquired hands-on experience with a multinational company.” – Kofi Okyere M.
INTERNATIONAL ECONOMY AND BUSINESS MSC
Are you interested in how international organizations function?
Are you interested in how transnational companies do business?
Are you keen on studying in a multicultural environment?If yes, check out our IEB Program!
It provides you with the opportunity to learn from and work with professors who have gained an internationally recognized expertise in their fields. The IEB Program offers an international atmosphere in which you have the possibility to interact with other students and instructors with different cultural backgrounds.
The IEB Program aims to train graduates with a thorough understanding of the processes of the world economy, ranging from the fields of international business and economics to international politics and law.
Join us for an enriching program at Corvinus!
Our courses address the main aspects of the global economy based on sound methodological foundations in statistics, micro- and macroeconomics: among others, trade, finance, factoring and information flows, multinational corporations, corporate strategies, international organizations, development, regionalism and integration or intellectual property.
You can choose to specialise in
The MSc in International Economy and Business is designed for those:
- who are interested in analyzing and understanding the international environment and the functioning of corporations,
- as well as for those who are sensitive to the complexities of world economy;
- who feel motivated to work in a multi-ethnical and cultural environment while completing their Master’s degree.
The MSc in International Economy and Business is worth choosing because:
- the program offers a modern and international education at a very competitive price in the Central and Eastern European region;
- it offers a unique opportunity for students to master the most important competencies regarding economics and business studies, combined with other scientific fields such as international relations, political science or law, in an interdisciplinary manner;
- it provides students the opportunity to learn from and work with professors who have an internationally recognized expertise in their fields;
- students have the option to choose from a remarkably wide range of elective courses in the four semesters of the program;
- a vast majority of graduates find employment in the business, governmental or non-profit sectors of the national and international economy;
- the program offers an international atmosphere in which students have the possibility to interact with students and instructors of different cultural backgrounds. The Master’s program is designed so that students of a variety of nations (for instance, Hungarians, Cameroonians, Chinese, Ethiopians, Germans, Iranians, Koreans, Nigerians, Syrians, Americans, as well as Ukrainians) work together.
Graduates of the MSc in International Economy and Business are qualified to
- Recognize, understand and influence the complexities within and in between the corporate, regional, national or international spheres;
- Apply the economic, financial, marketing and management theories on an international level and, thereby, respond to the multifaceted challenges and problems of the world economy;
- Develop effective international business strategies or economic policies;
- Control the many different layers an occupation requires, form a sound and professionally valid opinion, as well as make firm decisions on matters related to economics and business;
- Analyze the economic, geopolitical, social, cultural and institutional dimensions of the international business world and the international system;
- Understand and represent the national, European and global values in the world of corporate, regional, national and international organizations.
The employment of graduates
Graduates of the IEB program have successfully applied to positions in both the private and public sectors. Possessing well-founded economic, methodological and social knowledge, they are trained to participate creatively in business, economic, and social matters. The demand of the labour market for economists of the program is expected from organizations that consider international activities and economic strategies as priorities such as institutions of public administration, non-governmental organizations, or transnational corporations. Students can start PhD studies in our International Relations Multidisciplinary Doctoral School.
Apply here! To learn more about the life of the Institute of World Economy check out our Facebook!
Specialisations
International Economic Analysis
Specialization Description
The specialization in International Economic Analysis provides an opportunity for second year master students to obtain a comprehensive and contemporary academic experience in the field of international economic studies.
The specialization in International Economic Analysis is available to students who are enrolled in our International Economy and Business (MSc) programme at the Corvinus University of Budapest. The completion of the specialization is indicated in the master degree.
The Institute of World Economy provides a core courses for the first year of the programme, and a bunch of specialization courses for the second year of it. The shortlisted courses reflect on the hottest issues of international business strategy, financial management, banking reforms and trade policies for well-preparing the students by decision-maker and economic analyst skills. The programme also helps students to develop their thesis writing skills and English academic vocabulary in the framework of a Research Design course.
Courses of the Specialisation
International Business Strategy (Syllabus)
International Banking Reform (Syllabus)
International Trade Policy (Syllabus)
International Financial Management
Understanding International Economic Order (Syllabus)
Dissertation Seminar I.Regional Political Economy (Syllabus)
Globalization, Financial Crises and Development (Syllabus)
Dissertation Seminar II
Core Courses of the First Year
Comparative Economics
The aim of the course is to understand the logic and the different forms of industrial and post-industrial economies. What are the economical and social differences between the capitalist and socialist (communist) countries? Why did state socialism collapse in Central and Eastern Europe? The course provides a solid theoretical basis for the comparative analysis of the social transition in Eastern Europe and China.
Economics of Transnational Corporations
What are the wider world economic effects of the TNC’s activities? What are the driving forces behind these vast companies? How can their behaviour and strategy be influenced by nation states? This course aims to steer clear of oversimplifying generalizations concerning TNC’s and embraces a more in-depth and complex approach. Contains Complex theoretical knowledge, seminar group work, simulation games.
International Economic Order
This course provides a solid ground for a better understanding of the logic behind real-world events in the global economy, utilizing a unique approach by combining international economics and international political theory.
International Economics
A generalized economics course in the light of world events and economic analysis, drawing attention to issues of economic policy and world trade alive and important today. You will be involved in group mind-mapping exercises based on relevant topics, and we will strengthen your problem-solving skills with theoretical and mathematical knowledge.
International Financial Markets
How do global and regional financial markets work? How are interest rates and exchange rates determined? What techniques are used to make international investment decisions? Contains: highly theoretical and analytical lectures + seminars with real-world exercises relating to investment decisions.
International Political Economy
In our Master Program of Economy and Business, it is useful to see economics from two angles: the enterprise and its socio-economic environment. The strategic input for companies is managing these interfaces with its environment, which is created and influenced by government and its impact on competition and industrial policy among other. Contains: real-life examples from multinational corporations
Advanced Quantitative Methods
This course covers all the advanced statistical methods you need for measuring macroeconomic performance, including calculation of different economic and social indices and beyond GDP indicators. Throughout the course, the most up-to-date international statistical methods and the main sources of data distortions will also be discussed. Contains: teamwork on case studies.
Development EconomicsThe course contains intense multi-disciplinary training with both macroeconomic and microeconomic approaches to identify the major challenges and the changing reality of the Global South.Introducing relevant theories, best practices, new concepts and case studies to improve the ability to think critically, whilst using clear methodology. Contains: Intense group work, interactive lectures, discussing issues.
Economics of Global and Regional IntegrationGlobalisation conceived as a global integration. There are more than 150 regional integrations in the world, the most advanced among them is the EU. The course gives you an overview of forms, costs, and benefits of integration from free trade area to economic union, mentioning actual issues. You will strengthen integration analysis skills, ability to professionally value a political and/or economic cooperation.
International Business Economics
The course focuses on international strategies and operations of enterprises, management concepts, and techniques. Contains lectures, discussions, group projects.
International Development
Specialization Description
The specialization in International Development provides an opportunity for second year master students to obtain a comprehensive and contemporary academic experience in the field of international development studies.
The specialization in International Development is available to students who are enrolled in our International Economy and Business (MSc) programme at the Corvinus University of Budapest. The completion of the specialization is indicated in the master degree.
The Institute of World Economy provides core courses for the first year of the programme, and a bunch of specialization courses for the second year of it. The shortlisted courses reflect on the hottest issues of globalization, climate change, sustainable development, institutions and policies of development, migration studies, peace security and conflict studies. The programme also helps students to develop their thesis writing skills and English academic vocabulary in the framework of a Research Design course.
Courses of the Specialisation:
Climate Change and Sustainable Development (Syllabus)
Development Economics II – Institutions and Development (Syllabus)
Dissertation Seminar I.
Dissertation Seminar II.
Globalization, Financial Crises and Development (Syllabus)
Human Development and Security
International Development Policy
Core Courses of the First Year
Comparative Economics
The aim of the course is to understand the logic and the different forms of industrial and post-industrial economies. What are the economical and social differences between the capitalist and socialist (communist) countries? Why did state socialism collapse in Central and Eastern Europe? The course provides a solid theoretical basis for the comparative analysis of the social transition in Eastern Europe and China.
Economics of Transnational Corporations
What are the wider world economic effects of the TNC’s activities? What are the driving forces behind these vast companies? How can their behaviour and strategy be influenced by nation states? This course aims to steer clear of oversimplifying generalizations concerning TNC’s and embraces a more in-depth and complex approach. Contains Complex theoretical knowledge, seminar group work, simulation games.
International Economic Order
This course provides a solid ground for a better understanding of the logic behind real-world events in the global economy, utilizing a unique approach by combining international economics and international political theory.
International Economics
A generalized economics course in the light of world events and economic analysis, drawing attention to issues of economic policy and world trade alive and important today. You will be involved in group mind-mapping exercises based on relevant topics, and we will strengthen your problem-solving skills with theoretical and mathematical knowledge.
International Financial Markets
How do global and regional financial markets work? How are interest rates and exchange rates determined? What techniques are used to make international investment decisions? Contains: highly theoretical and analytical lectures + seminars with real-world exercises relating to investment decisions.
International Political Economy
In our Master Program of Economy and Business, it is useful to see economics from two angles: the enterprise and its socio-economic environment. The strategic input for companies is managing these interfaces with its environment, which is created and influenced by government and its impact on competition and industrial policy among other. Contains: real-life examples from multinational corporations.
Advanced Quantitative Methods
This course covers all the advanced statistical methods you need for measuring macroeconomic performance, including calculation of different economic and social indices and beyond GDP indicators. Throughout the course, the most up-to-date international statistical methods and the main sources of data distortions will also be discussed. Contains: teamwork on case studies.
Development Economics
The course contains intense multi-disciplinary training with both macroeconomic and microeconomic approaches to identify the major challenges and the changing reality of the Global South.Introducing relevant theories, best practices, new concepts and case studies to improve the ability to think critically, whilst using clear methodology. Contains: Intense group work, interactive lectures, discussing issues.
Economics of Global and Regional Integration
Globalisation conceived as a global integration. There are more than 150 regional integrations in the world, the most advanced among them is the EU. The course gives you an overview of forms, costs, and benefits of integration from free trade area to economic union, mentioning actual issues. You will strengthen integration analysis skills, ability to professionally value a political and/or economic cooperation.
International Business Economics
The course focuses on international strategies and operations of enterprises, management concepts, and techniques. Contains lectures, discussions, group projects.
EU Economic Policy Analysis
Specialization Description
The specialization in EU Economic Policy Analysis provides an opportunity for second year master students to obtain a comprehensive and contemporary academic experience in the field of international economic policy studies.
The specialization in EU Economic Policy Analysis is available to students who are enrolled in our International Economy and Business (MSc) programme at the Corvinus University of Budapest. The completion of the specialization is indicated in the master degree.
The Institute of World Economy provides a core courses for the first year of the programme, and a bunch of specialization courses for the second year of it. The shortlisted courses reflect on the hottest issues of the European Union. The programme also helps students to develop their thesis writing skills and English academic vocabulary in the framework of a Research Design course.
Courses of the Specialisation:
Macroeconomic policies in the EU
European Economic Governance
Research Design
Comparative Economics of European Integration
Dissertation Seminar I.
The Political Economy of EU Decision-Making
Business Strategy in CEE
Central and Eastern Europe from a Global Perspective
EU Economic Policies
Dissertation Seminar II.
Core Courses of the First Year
Comparative Economics
The aim of the course is to understand the logic and the different forms of industrial and post-industrial economies. What are the economical and social differences between the capitalist and socialist (communist) countries? Why did state socialism collapse in Central and Eastern Europe? The course provides a solid theoretical basis for the comparative analysis of the social transition in Eastern Europe and China.
Economics of Transnational Corporations
What are the wider world economic effects of the TNC’s activities? What are the driving forces behind these vast companies? How can their behaviour and strategy be influenced by nation states? This course aims to steer clear of oversimplifying generalizations concerning TNC’s and embraces a more in-depth and complex approach. Contains Complex theoretical knowledge, seminar group work, simulation games.
International Economic Order
This course provides a solid ground for a better understanding of the logic behind real-world events in the global economy, utilizing a unique approach by combining international economics and international political theory.
International Economics
A generalized economics course in the light of world events and economic analysis, drawing attention to issues of economic policy and world trade alive and important today. You will be involved in group mind-mapping exercises based on relevant topics, and we will strengthen your problem-solving skills with theoretical and mathematical knowledge.
International Financial Markets
How do global and regional financial markets work? How are interest rates and exchange rates determined? What techniques are used to make international investment decisions? Contains: highly theoretical and analytical lectures + seminars with real-world exercises relating to investment decisions.
International Political Economy
In our Master Program of Economy and Business, it is useful to see economics from two angles: the enterprise and its socio-economic environment. The strategic input for companies is managing these interfaces with its environment, which is created and influenced by government and its impact on competition and industrial policy among other. Contains: real-life examples from multinational corporations.
Advanced Quantitative Methods
This course covers all the advanced statistical methods you need for measuring macroeconomic performance, including calculation of different economic and social indices and beyond GDP indicators. Throughout the course, the most up-to-date international statistical methods and the main sources of data distortions will also be discussed. Contains: teamwork on case studies.
Development Economics
The course contains intense multi-disciplinary training with both macroeconomic and microeconomic approaches to identify the major challenges and the changing reality of the Global South.Introducing relevant theories, best practices, new concepts and case studies to improve the ability to think critically, whilst using clear methodology. Contains: Intense group work, interactive lectures, discussing issues.
Economics of Global and Regional Integration
Globalisation conceived as a global integration. There are more than 150 regional integrations in the world, the most advanced among them is the EU. The course gives you an overview of forms, costs, and benefits of integration from free trade area to economic union, mentioning actual issues. You will strengthen integration analysis skills, ability to professionally value a political and/or economic cooperation.
International Business Economics
The course focuses on international strategies and operations of enterprises, management concepts, and techniques. Contains lectures, discussions, group projects.
Economy and Business in CEE
Specialization Description
The specialization in Economy and Business in Central and Eastern Europe provides an opportunity for second year master students to obtain a comprehensive and contemporary academic experience in the field of Central and Eastern Europe regional studies.
The specialization in Economy and Business in Central and Eastern Europe is available to students who are enrolled in our International Economy and Business (MSc) programme through a Double Degree Program at the Corvinus University of Budapest. The completion of the specialization is indicated in the master degree.
The Institute of World Economy provides a core courses for the first year of the programme, and a bunch of specialization courses for the second year of it. The shortlisted courses reflect on the hottest issues and challenges of the economics, business and politics in the region of Central and Eastern Europe. The programme also helps students to develop their thesis writing skills and English academic vocabulary in the framework of a Research Design course.
Courses of the Specialisation:
Development and Crises in East Central Europe
Dissertation Seminar I.
Illiberal Democracy in Central- and Estern Europe
Political Economy of Post-Communist Transition in Central and Eastern Europe
The Political Economy of European Integration: Implications for Countries of Central- and Eastern Europe
Business Strategy in CEE (Syllabus)
Comparative Political Economy
Dissertation Seminar II.
Core Courses of the First Year
Comparative Economics
The aim of the course is to understand the logic and the different forms of industrial and post-industrial economies. What are the economical and social differences between the capitalist and socialist (communist) countries? Why did state socialism collapse in Central and Eastern Europe? The course provides a solid theoretical basis for the comparative analysis of the social transition in Eastern Europe and China.
Economics of Transnational Corporations
What are the wider world economic effects of the TNC’s activities? What are the driving forces behind these vast companies? How can their behaviour and strategy be influenced by nation states? This course aims to steer clear of oversimplifying generalizations concerning TNC’s and embraces a more in-depth and complex approach. Contains Complex theoretical knowledge, seminar group work, simulation games.
International Economic Order
This course provides a solid ground for a better understanding of the logic behind real-world events in the global economy, utilizing a unique approach by combining international economics and international political theory.
International Economics
A generalized economics course in the light of world events and economic analysis, drawing attention to issues of economic policy and world trade alive and important today. You will be involved in group mind-mapping exercises based on relevant topics, and we will strengthen your problem-solving skills with theoretical and mathematical knowledge.
International Financial Markets
How do global and regional financial markets work? How are interest rates and exchange rates determined? What techniques are used to make international investment decisions? Contains: highly theoretical and analytical lectures + seminars with real-world exercises relating to investment decisions.
International Political Economy
In our Master Program of Economy and Business, it is useful to see economics from two angles: the enterprise and its socio-economic environment. The strategic input for companies is managing these interfaces with its environment, which is created and influenced by government and its impact on competition and industrial policy among other. Contains: real-life examples from multinational corporations.
Advanced Quantitative Methods
This course covers all the advanced statistical methods you need for measuring macroeconomic performance, including calculation of different economic and social indices and beyond GDP indicators. Throughout the course, the most up-to-date international statistical methods and the main sources of data distortions will also be discussed. Contains: teamwork on case studies.
Development EconomicsThe course contains intense multi-disciplinary training with both macroeconomic and microeconomic approaches to identify the major challenges and the changing reality of the Global South.Introducing relevant theories, best practices, new concepts and case studies to improve the ability to think critically, whilst using clear methodology. Contains: Intense group work, interactive lectures, discussing issues.
Economics of Global and Regional Integration
Globalisation conceived as a global integration. There are more than 150 regional integrations in the world, the most advanced among them is the EU. The course gives you an overview of forms, costs, and benefits of integration from free trade area to economic union, mentioning actual issues. You will strengthen integration analysis skills, ability to professionally value a political and/or economic cooperation.
International Business Economics
The course focuses on international strategies and operations of enterprises, management concepts, and techniques. Contains lectures, discussions, group projects.
World Economics PhD
You feel to have more in you than an Msc?
You feel to do scientific publications?
At the Institute of World Economy, we offer doctoral studies to stretch your skills as much as possible in International Relations, simply because we believe in you. A PhD at our institute is more than research and teaching, it is a mission you should explore. We support you in your publication activity and working experience. But what is more important, we support you with a life-long mentorship.
INTERNATIONAL RELATIONS MULTIDISCIPLINARY DOCTORAL SCHOOL AT CORVINUS UNIVERSITY OF BUDAPEST
The PhD Council of Social Studies of Corvinus University of Budapest is in charge of the trainingDiscipline of science: Social SciencesBranch of science: economics, political science
Subprograms:
- World Economics
- International and Security Studies
- Geopolitics
Language of the program: English – Hungarian
Name of the doctoral degree obtained: PhD in Economics, PhD in Political Science
The Doctoral School is based on the following MA/MSc programs:- MSc in International Economy and Business,
- MA in International Relations,
- MA in Political Science
IMESS – Double Degree in Economics
Successful graduates will be given a double degree (University College London + Corvinus University of Budapest) and a diploma supplement issued by the IMESS consortium. Please find all the necessary information about the programme on IMESS website.
Key information
Programme starts: September 2019
Modes and duration: Full time for 2 years
Application deadline: 26 July 2019Scholarship deadline: 24 March 2019
Tuition fees (2019/20): UK/EU:£10,663 (FT) Overseas:£18,976 (FT)
Note on fees: The tuition fees shown are for the year indicated above. Fees for subsequent years may increase or otherwise vary.
Location:
1st year – London, Bloomsbury
2nd year – Budapest
Entry requirements
Normally an upper second-class Bachelor’s degree in a relevant discipline from a UK university or an overseas qualification of an equivalent standard. Applicants are usually expected to have studied one term of both microeconomics and macroeconomics in their undergraduate degree.
English language requirements
If your education has not been conducted in the English language, you will be expected to demonstrate evidence of an adequate level of English proficiency. The English language level for this programme is: Good
Further information can be found on our English language requirements page.
About this degree
The programme combines rigorous research methods training, discipline-based and area studies training and intensive language tuition. Students develop cultural and linguistic knowledge of Eastern and Western Europe, and acquire the skills to identify and critically analyse key factors shaping the economies, states and societies of the expanding European region. All students will spend their first year at UCL SSEES and their second year at a partner university of their choice.
Students take modules to a total value of 120 ECTS, with 60 ECTS taken in year one at UCL and 60 ECTS taken in year two at their chosen institution.
Year one compulsory modules
Compulsory (methods) modules to the value of 12 ECTS and at least one of the core modules to the value of 12 ECTS as listed below.
– Quantitative Methods (6 ECTS)
– Advanced Quantitative Methods (6 ECTS)
– Political Economy of International Business (12 ECTS) OR International Macroeconomic Policy (12 ECTS)
– Language (If not taken in year one, the Language module is compulsory in year two.)
Optional modules24 ECTS or 36 ECTS if no language taken in year one. A selection of thematic SSEES modules from the relevant track which may include
– Trade and FDI with reference to Eastern Europe
– Corporate Governance
– Corporate Finance and Investment in Emerging Markets
– Financial Development
– Corruption and Governance: Causies, Consequences and Control
– Public Choice-Private Interest
– Economic Development and Policies
– Informal Practices in Post-Communist Societies
– International Macroeconomic Policy
Year 2 modules at Corvinus University of Budapest:
Dissertation/report
All students undertake an independent research project in their second year, which culminates in a dissertation of approximately 20,000–25,000 words.
Teaching and learning
The programme is delivered through a combination of lectures, seminars, tutorials and research supervision. Assessment is by written examination, coursework and dissertation; language courses involve an oral examination.
Please note that the list of modules given here is indicative. This information is published a long time in advance of enrolment and module content and availability is subject to change.
Funding
IMESS Scholarships for Home/EU and Overseas applicants are available. For funding opportunities please visit the IMESS website.
For a comprehensive list of the funding opportunities available at UCL, including funding relevant to your nationality, please visit the Scholarships and Funding website.
Careers
Graduates of this programme are qualified to progress to doctoral research in the European area; others may advance to careers in governmental or international organisations, and may specialise in finance, commerce, analysis or consultancy. Others may seek a career in diplomacy, or in journalism, or in non-governmental organisations. Indeed, the scope of IMESS is broad and so too, correspondingly, are the post-IMESS possibilities.
Employability
Graduates of the programme have taken leadership positions in distinguished private and public sector organisations (including the IMF, EBRD, OSCE, NATO, United Nations, in risk control, banks and financial institutions, diplomacy and media, and the civil service) and many have also continued to doctoral studies. Scholarships, internship opportunities and excellent links with other universities in the region provide further benefits.
Who can apply?
This programme is designed to attract and challenge the brightest European Union and international students as well as professionals wishing to retrain to acquire European expertise and meet the challenges of the changing global environment. Evidence of English language ability is essential but there are no other language prerequisites.
Application deadline: 26 July 2019
Scholarship deadline: 24 March 2019
All applicants must complete the IMESS Supplementary Questionnaire which substitutes the personal statement. Applicants in the final stages of their undergraduate degree may apply but must present their transcript of marks no later than 31 August for the year of entry.
For more information see our Applications page. Apply now!
Contact information
– Nikolett Menyhárt, Admissions Officer – nikolett.menyhart@uni-corvinus.hu
– András Tétényi, IMESS coordinator –andras.tetenyi@uni-corvinus.hu
IMESS partners
– University College London, UK
– Charles University, Prague, Czech Republic
– Helsinki University, Finland
– Higher School of Economics, Moscow, Russia
– Higher School of Economics, Saint Petersburg, Russia
– Jagiellonian University, Krakow, Poland
– University of Belgrade, Serbia
– University of Tartu, Estonia
HERMES
HERMES is a strategic alliance of 26 leading education institutions in 15 countries. Its ambition is to offer dual degree programs in Management on all academic levels.
The HERMES network was founded in November 1997 as an initiative of the Ecole de Management Strasbourg (former IECS) of the Robert Schuman University in Strasbourg. Three years later, on March 31st, 2000, the HERMES Charter was voted on by the General Assembly in a ceremony at the European Parliament.
The participating universities work closely together in defining their study programs, exchanging professors and organizing joint research projects. Each year, this network holds an Annual Conference at one of the partner universities, where common programs are defined and achievements are reported.
More information please find on the webpage of Hermes network.
Meeting of Hermes network in Budapest
On 8th June 2018, the HERMES Network held its 20th annual meeting in Budapest, organized by the Corvinus University of Budapest.
The HERMES Network aims to bolster international mobility and Double Degrees among member institutions. At the Budapest meeting, a new chairman had to be elected for the academic year 2018-20: Claudia Tarantola from the University of Pavia was unanimously voted in. The annual meeting continued with the presentation of two new candidates for the HERMES network: The University of Western Australia and the University of Innsbruck. Both Universities were voted in unanimously.
In addition, new forms of cooperation were also presented: Dean Prastakos presented the Stevens Institute of Technology and possible forms of cooperation (DD) in the field of “Business Intelligence;” Jeremie Kreitz from FTI Paris then outlined a job profile for Business Intelligence, which could lead to a joint degree; Ludwig Kreitz, Secretary General, briefly introduced an additional form of cooperation: the “Global Network for Advanced Management.” This consortium, created by the “Yale School of Management,” has some resemblance with HERMES, offering seminars (“Global Network Weeks”) which could easily be adapted to the HERMES network model; Hans Tuemmers proposed the project of the “Global Executive MBA” – a project where partners could easily cooperate by offering short-term courses in their respective universities and Istvan Kollai from Corvinus University explained the auto guide “Peripatos,” an educational audio guide for smartphones which makes outdoor seminars possible. Lastly, Anna Dylag and Piotr Jydanek, the colleagues from the Jagiellonian University, discussed the results of the questionnaire concerning Double Degrees.
The next annual meeting will be held at the University of Innsbruck.
The pictures of the Budapest annual meeting can be found on the Facebook page of the Institute of World Economy.
Scribe21
The SCRIBE21 cluster aims at creating new partnerships between European (French, Hungarian, Italian) and Australian universities.
Hajnalka Zsila – “I’m confident that it’s one of the greatest opportunities offered for students studying International Business and Economy at Corvinus University of Budapest.”
Julian Roper – “An adventure designed to explore the affinity between knowledge, understanding and community.
What is SCRIBE21?
The Institute of World Economy of the Corvinus University of Budapest has successfully participated in the European Commission’s EACEA 44/2012 call and won the project entitled: Creating Sustainable Innovative Competitive Advantages in International Business for EU-Australasia in the 21st century.
What is its structure?
Students complete their first year in their university of origin and their second year abroad, in Australia for the Europeans and vice-versa. European and Australian students respectively benefit from a specialisation in management and business from an Australasian and European perspective.
All students selected as part of the consortium are awarded a master’s degree by their university of origin and the partner university at the end of their course. The programme began in January 2014 and will ultimately be open to up to 80 students from the five universities.
Master students can be trained in major international management issues as part of an integrated and mobile multidisciplinary course between the partner universities. They acquire, via specialisations, knowledge of international management rooted in diversified cultural and economic contexts. They get theoretical and practical training in intercultural management and complete a work placement of at least three months in Europe or Australia. By the end of their studies, students write their own thesis work.
Emphasis is placed on several economic sectors, with a specialisation relating to the strengths of each region where partner universities are located (wine, food, hospitality, business, economics, mining resources). The programme also focuses on entrepreneurship, diversity, and ethics within an international context and to integrate sustainable development issues.
To avoid additional costs for the students, enrollment fees will be payable to their university of origin only.
Who is the contact person?
Viktória ENDRŐDI-KOVÁCS
viktoria.kovacs3@uni-corvinus.hu
Who are the partners of SCRIBE21 Programme?
→ University of Adelaide
→ University of Western Australia
→ University of Strasbourg
More testimonials
Jamie-Lee Tertipis – ‘A round the world experience of culture, friends and education – an opportunity to change yourself both professionally and personally, while seeing the world in a completely new way. ‘
Arpad Benucci – ’SCRIBE 21 programme is the opportunity that happens once in a lifetime, not taking it and making the most out of it is foolish.’
Where can I find more information?
> For Corvinus Students
> For UWA&UA Students
Join this blog providing information from all the participant universities and students!
Read here the articles and blog of SCRIBE21 student Hajnalka Zsila!
“This new Double Degree Programme between European and Australian higher education institutions provides an excellent opportunity both for students and members of the academia to exchange knowledge and build linkages between the two continents. Furthermore, not only would students gain advanced knowledge in sustainable business practices, but by studying on different continents they would gain firsthand experience on how business is being conducted in different parts of the world.”
Zsolt Rostoványi, former Rector of the Corvinus University of Budapest, Hungary
How to Apply
HOW TO APPLY
Dear Applicants, Prospective Students!The Department of World Economy is announcing a free online admission preparatory course for its main programme, the International Economy and Business (MSc), starting in the fall of 2020/2021. The preparatory course is held in English on topics of general world economics, international economics, international trade and exchange rate issues.
Date: April 23, 2020 (Thursday), from 3:30 pm to 6:50 pm
Platform: Microsoft Teams
For enrolment, please write to Assistant Professor Sejla Almadi:
sejla.almadi@uni-corvinus.hu by April 19, 2020 at the latest.
Please wait for the confirmation letter to get more information about the course!
Kind regards,
Staff of the Department of World Economy
Our Admission Requirements
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.
Be sure to pass The Entrance Exam
Entrance exams to the Master’s Programs consist of the following two parts:
- Written exam: An essay to be sent via E-mail (most likely will take place in June)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.
- Oral test: A telephone or Skype interview (most likely will take place in June)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.
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
Written exam – 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:
- the correct use of the chosen concepts;
- the original and independent standpoint on the issue, which is at the same time logically founded and professionally defendable.
The 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.
Web pages, online books and other resources which may be useful for preparing for the entrance exam:The International Economics Study Centre
(International trade theory and policy; International finance)
Der Spiegel
(German weekly political and economic magazine)
Financial Times,
comment section (British daily business broadsheet)
Foreign Affairs
(American bimonthly journal on international relations)
Project Syndicate
(commentaries by Nobel laureates, statesmen, economists etc.)
The Economist
(British weekly news, politics and business magazine)
The Guardian,
leaders (British daily newspaper)
The New York Times,
opinion section (American daily newspaper)
The Wall Street Journal,
opinion section (American daily political and economics broadsheet)
Voxeu
(online information policy portal set up by Centre for Economic Policy and Research)
Oral test: A motivational discussion
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.
Sample Exams:
Sample exam 2017
Sample exam 2015
Sample exam 2011
Sample exam 2010
Sample exam 2009
Sample exam 2008
Point system
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.
- Written exam (essay on general social and economic subjects in a case study form) – maximum score: 50 points;
- oral test (motivational discussion in English) – maximum score: 20 points;
- another 20 points for the evaluation of the Bachelor’s degree, in a way that the certificate is graded on a scale from 1 to 5, the score of which is to be multiplied by four,
- and a maximum of 10 extra points can be obtained up to 10 (see below)
Extra points
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.
1. For scientific achievements, 5 points are given, if the student has a ranking at OTDK (National Scientific Student Competition) or national equivalent.
a. For sport achievements earned within 3 years before the application, 5 points are given for a ranking better than fourth at World and European Championships and 3 points for the same results at national championships, if the competition is organised by the International Olympic Committee, the International Paralympics Committee, the International Committee of Sports for the Deaf, or the FIDE. Only one achievement will be counted.b. For language competences, 3 points are given for a second exam certificate of type “C” intermediate level, acknowledged by the Hungarian state, from any living foreign language, and 5 points for the same type at advanced level. If the student has more certificates from a language, the higher is counted. A certificate of type “A” or “B”, intermediate or advanced, can be accepted to earn 3 or 5 points, respectively, if the student has an official report on not being able to pass the other type for his or her special educational needs.
2. The conditions of giving additional points within the frames of positive discrimination are the following:
a. 4 extra points are given for a disadvantaged applicant
b. 8 extra points are given for a multiply disadvantaged applicant
c. 8 extra points are given for conditions involving child-cared. 8 extra points are given for an impaired applicant
Our Application Procedure
The Faculty welcomes applications during the entire academic year of 2019/2020. The MSc in International Economy and Business program is launched twice a year (in September and in February).
Application deadline: 30th May 2020 (for September 2020 intake)
Application packages should contain the following items
1. A completed application form (online form)
2. An authenticated copy of the BA/BSc degree
3. An official transcript of studies
4. Curriculum Vitae
5. A motivation letter
6. A copy of applicant’s passport
7. A copy of receipt proving payment of application fee
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 Miklós Jánoki (miklos.janoki2@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: 100 EUR
The application fee is non-refundable.
Tuition Fee
Tuition fee is 1750 EUR for EEA citizens and 2450 EUR for non-EEA citizens per semester.
Payment items
→ Please transfer the tuition fee for the two semesters of the next academic year until the end of June in the case of September intake and by the middle of December in the case of February intake to our bank account.(For EU citizens, as they do not need a residence permit, only one-semester tuition fee has to be paid by the given deadline.)
→ Please note that registration is conditional upon the receipt of the fee.
→ If the tuition fee for two semesters does not arrive in time, we will not be able to send a letter of acceptance to you about the arrival of the payment, which you need for the residence permit application at our Embassy.
→ Please note that the university is unable to offer postponement of payment, or to provide an installment payment scheme.
Bank account details for paying application and tuition fee: Bank account holder: Budapesti Corvinus Egyetem
The name of the bank: Magyar Államkincstár
The address of the bank: 1139 Budapest, Váci út 71
Bank account number: 10032000-00282857-00000000
IBAN number:HU 74
SWIFT code: HUST HUHB
Under “comments” please add your name 121019 IEB
Visa and Residance Permit
Visa:
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.
Health Insurance:
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.
Arrival:
Successful applicants are expected to arrive to Hungary by the 1st of September/February.
For Hungarian Citizens
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.
Please note that the deadline for applications to comply with central regulations of each year. You have to apply through http://www.felvi.hu/