Questions and Answers

CEMS (full name: The Global Alliance in Management Education, formerly known as Community of European Management Schools) is an international cooperation of universities, business schools and civil society organisations. The only Hungarian member of the international cooperation is Corvinus.

The CEMS MIM program is a one-year international business program which students may complete in parallel with another business masters program at Corvinus. Corvinus is the only institution in Hungary which offers this program.

The masters program of CEMS was developed by scientific and business leaders, and its objective is to connect the university education and the practical management training. The program provides insight into the best domestic and international leadership practices.

The Program provides CEMS Master’s in International Management diploma.

Only those Corvinus students can apply to the CEMS program who have active masters student status and study in any of the following masters programs:

Master programs in English:

· MSc in Marketing

· MSc in Finance

· MSc in Business Information Systems

· MSc in Business Administration

· MSc in International Economy and Business

· MSc in Regional and Environmental Economic Studies

· MSc in International Taxation

Master programs in Hungarian:

· Ellátásilánc-menedzsment MSc

· Gazdaságinformatikus MSc

· Marketing MSc

· Pénzügy MSc

· Számvitel MSc

· Turizmus menedzsment MSc

· Vállalkozásfejlesztés MSc

· Vezetés és szervezés MSc

· Regionális és Környezeti Gazdaságtan MSc

Application period: 8-19th November 2021
Admission interview or Assessment Centre: 10-21th January 2022

Only those Corvinus students can apply to the CEMS program in Hungary who have active masters student status and study in any of the following masters programs:

Master programs in English:

· MSc in Marketing

· MSc in Finance

· MSc in Business Information Systems

· MSc in Business Administration

· MSc in International Economy and Business

· MSc in Regional and Environmental Economic Studies

· MSc in International Taxation

Master programs in Hungarian:

· Ellátásilánc-menedzsment MSc

· Gazdaságinformatikus MSc

· Marketing MSc

· Pénzügy MSc

· Számvitel MSc

· Turizmus menedzsment MSc

· Vállalkozásfejlesztés MSc

· Vezetés és szervezés MSc

· Regionális és Környezeti Gazdaságtan MSc

You need a Bachelor diploma completed in a business field or at least 60 ECTS in business studies.

Any of the following advanced level English language certificates is accepted for the application:

The exemption from the language certificate requirement can be granted if the bachelor program was completed in any of the business programs of Corvinus University held in English, in any English program of any university of any country which has English as an official language, or in any English program at any CEMS partner institution, or in any English program at any university with EQUIS/AACSB accreditation.

The GPA of the bachelor degree should be 3.5. or above.

Additional points are awarded for the second language certificate, however, it is not a mandatory element.

The documents verifying the points have to be submitted in advance. 

There are two paths of application. You can choose to apply through the traditional way or via Assessment Centre.

In the traditional way: diploma + language certificate + motivational video + extracurricular points + interview

Via Assessment Centre: diploma+ language certificate + motivational video + Assessment Centre

Find more information in the Application menu!

You will take part in a group exercise and you will need to solve an individual task to show your skills to the Admission Committee consisting of CEMS Professors, Corporate partners and the CEMS Academic Director.

Based on your achieved scores in the application process, we will select your destination from the preference list you submitted.  

The program lasts two semesters, and it also includes professional traineeship abroad. Students may collect 66 ECTSs (European Credit Transfer System) in total.

The European Credit Transfer System (abbreviation: ECTS) is actually an administrative procedure for ensuring that the knowledge acquired in another (foreign) university is accepted by the student’s own university. The countries which joined this system include each other’s credits in the diploma, provided that 75% of the courses are identical, which is examined in course of the credit recognition procedure.

All CEMS courses are accepted as elective courses in all masters programs, for equivalent courses please check the equivalency charts.

You can complete the CEMS program in the second year of your masters program if you start in September, i.e. in the third or the fourth semester. If you start your master program in February, the CEMS program can be completed in your second (autumn) and third (spring) semester.

You have to complete one semester at Corvinus, and the other semester at a foreign partner university. You may choose the semester you want to spend abroad. (Both semesters can be indicated, which means that the you are open to travel in either of the semesters, but you will spend only one semester abroad.)

No, it is not offered.

Yes, in this case you can complete the CEMS program in the second and the third semesters, in parallel with your master program. In this case you should apply in November before starting the masters program in February.

In addition, you can apply in the second semester as well, in which case the CEMS program can be completed in the fourth and the fifth semester (you have to have an active student status in the 5th semester).

All CEMS course can be included in your Corvinus master program as elective courses. In addition, please check the equivalency chart that refers to your master program.

If the CEMS subject is included in the masters program, then yes.

66 ECTS in total have to be accomplished

In addition, it is also mandatory to complete a language course or pass a language exam in a third language.

The thesis is not a requirement in the CEMS program.

15 ECTSs can be completed beyond the CEMS MIM year.

In this case yout cannot obtain the CEMS diploma and cannot be a member of the CEMS Alumni network.   

You may complete one of the semesters at a foreign partner university, and a professional traineeship period abroad is also attached to the CEMS program.

The professional traineeship abroad is not only an opportunity but a requirement as well. Students may complete this traineeship before or after starting the CEMS year.

The CEMS diploma has been among the 10 best programs in the Financial Times rankings for 10 years. Only one university from each country may launch the program. 97% of CEMS graduates can find employment within 3 months. 82% of the CEMS Alumni have already worked in multiple countries. CEMS graduates found employment in 75 countries of the world.

There is no tuition fee in the CEMS program of Corvinus. In addition, in Hungary Corvinus is the only university where the CEMS program is started.

This is not only a semester abroad but a diploma program, with networking opportunities and a strong community. Both the domestic and the semesters abroad contain programs developed in cooperation with enterprises (business project, skill seminars).

There is no tuition fee in the Corvinus CEMS program.

Other costs:

Students do not have to pay a tuition fee to the partner university during the semester abroad. Costs of living vary in the different countries. Within the EU, students get Erasmus scholarship for the travel to abroad. In addition, students may apply for the Campus Mundi scholarship as well. There is no guaranteed aid outside Europe.

Students may apply for Erasmus scholarship and Campus Mundi aid for the semester abroad.

No, it is not.

No, you do not.

No, there is not.

However, regardless of this, can students have academic scholarships in the bachelor and the masters programs?

Yes, students can have academic scholarships in the masters programs.

Students may apply for the scholarships offered by the given country or university during the CEMS semester as well.

According to the Financial Times rankings, 3 years after the graduation the average salary id 51,852 USD/year with the Corvinus diploma and 83,022 USD/year with a CEMS diploma.

Source

82% of the CEMS Alumni have already worked in multiple countries. CEMS graduates can be found in 75 countries of the world. The Alumni mentorship program and network helps the students in finding employment. The multinational corporate partners of CEMS know the program and can be found in several countries, and as the case may be, students may move between countries within the company as well.

97% of CEMS graduates can find employment within 3 months.