MSc International Economy and Business
All round business, finance and economics - highly international and practical. Uniquely develop problem-solving skills, by applying complex economic theory.
Programme Information
The International Economy and Business MSc is a unique business-economics hybrid programme. This programme will mould you into a well-rounded, pragmatic professional – comfortable with complex economic theory, but capable to apply it to solve real-world problems and become a leader.
You will benefit from a sound methodological foundation in multiple disciplines, from econometrics, qualitative methods and usage of analytical software packages. You will strengthen your theoretical and contextual background, which will assist in more prudent and fact-based thinking coupled with soft skill development and building of your emotional intelligence.
Learn how to lead medium and large enterprises or complex organisational units, how to negotiate successfully and how to develop effective business strategies.
International Economy and Business includes educational trips and factory visits at companies, such as Suzuki, Mercedes, Bosch, Richter, and the Budapest Stock Exchange (BSE).
Self-funded students will have the opportunity to enrol in a double degree programme in their second year. You can study at one of our prestigious partners in Belgium at the University of Liege. An exclusive opportunity to gain two degrees for the time and price of one and spend one year in another country!
For admission onto the International Economy and Business programme, you will typically hold an economics, business, international relations or finance degree.
This programme may also be a good fit for you if you have a similar academic background, such as Human Resources (HR), Management, Commerce, Marketing, Accounting, Tourism or Political Science (provided you meet the compulsory credit requirements stated below). Learn how to lead medium and large enterprises or complex organisational units, how to negotiate successfully and how to develop effective business strategies.
Programme name: International Economy and Business
Programme award: Master, MSc
ECTS: 120
Duration: 4 semesters (2 years)
Teaching hours: 10-16 hours/week
Start date: September 2024
Tuition fees (EEA): 990 000 HUF per semester
Total tuition fees (EEA): 3 960 000 HUF
Tuition fees (Non-EEA): € 3 300 per semester
Total tuition fees (Non-EEA): € 13 200
What you will study
Core Modules
Four modules and the three-quarter project of the International Economy and Business program:
1.Core courses – Core courses worth 31 credits
- It includes subjects that provide foundational knowledge and abilities for students who come from other fields.
- We also believe that these courses will be validated by students coming from economics and business courses.
2.Methodology – Methods Module, minimum value of 24 credits
- It contains the subjects with the help of which the student will be able to carry out analytical work after completing the training.
- We believe that at least two of these courses will be validated by students from economics and business
3.Global Economic Policies Module, minimum 12 credits
- It contains the subjects with the help of which a student gets acquainted with the functioning of an economic, political region and its mechanisms. We think that without knowledge of external factors it is impossible to do good analytical work.
4.International Economics and Business Administration module – International and Business Economics module, minimum 30 credits
- It contains subjects that are based on the core subjects and deepen the competences acquired there. For example, the “advanced” version of International Business Economics is the Global Value Chains course, etc.
5.In addition, there is also a synthesizing, three-quarter project subject worth 17 credits
- The project subject was designed so that students with different backgrounds and interests could work together on a project and then prepare their joint thesis from it. In the case of a jointly written and submitted thesis, students must indicate who wrote which part and based on this, they will receive individual feedback and evaluation.
- The project is based on intensive seminar and research work in small groups (3-5 people), during which students apply what they have learned in the methodology module to answer a concrete, real-world problem. The aim is to enable the project to adapt flexibly to the nature of the problem, its thematic dividing and the student’s interest.
Scholarships
• Stipendium Hungaricum (for non-EU nationals from >70 countries)
• Diaspora scholarships (for international students with Hungarian ancestry).
Both scholarships entitle you to:• Free tuition for the duration of your studies
• 43,700 HUF (c. €120) per month for the duration of your studies (for living costs)
• University accommodation or an additional 40,000 HUF (c. €110) per month for the duration of your studies (accommodation allowance)
• Medical insurance.
Eligibility requirements apply, so please click on “Scholarship opportunities” for more information.Note: there are three ways to apply to Corvinus as an international student:
1. Self-funded route (available for all applicants)
2. Stipendium Hungaricum route – non-EU applicants only, further restrictions apply
3. Diaspora scholarship route – non-EU nationals with Hungarian heritage only, further restrictions apply
Application Requirements
• Completed bachelor/undergraduate degree
• GRE, GMAT, NMAT exams
• Circumstantial entrance interview
• Meet minimum credit requirement
• For more, please click here!
For Hungarian citizens
Credit requirements
In Hungary, there are legal pre-requisite credit requirements to study graduate programmes.
Please make sure you meet the minimum requirements for this programme before applying.
For entering a Master’s programme different from the undergraduate studies, a minimum of 45 credits is necessary from the following subject areas:
• at least 10 credits from the fields of economy and methodology studies (Micro and Macro Economy, International Economy, Economy Theory, The History of Economic Thought, Economic Policy, Mathematics, Statistics, Informatics);
• at least 5 credits from the fields of basic business studies (Finance, Corporate Finances, Corporate Economy, Marketing, Accounting, Management and Administration, Human Resources Management);
• at least 5 credits from the fields of professional studies (Political Science, Social Science, internship, project course etc.).
The prerequisite of admittance into the Master’s programme is for the student to have at least 10 credits in the listed area based on his/her previous studies. Missing credits must be attained in the Master’s programme as defined in the higher education institution’s Study and Exam Regulations.
Tip: to quickly calculate your credits in ECTS, divide learning hours by 30!
Learning hours should be formally described, but can be constituted of classroom hours, private study and assessment.
I have earned my PhD at the Corvinus University Budapest, International Relations Multidisciplinary Doctoral School. I am the program director of the International Economy and Business Master programme since January 2020. I was a visiting professor at the University of Leeds, EM Strasbourg, University College London and Jagiellonian University in recent years. I have been involved in several international double degree programmes such as SCRIBE21, IMESS and two Horizon 2020 research programmes. I am currently working on two themes: one is finding the connection between economic insecurity and how this influences voting behaviour, while the second one is analysing asylum seeker destination choices.
Dr. András Tétényi
Programme Director
Accreditations and Rankings
#300-350 for Business and Management studies
Double Degree / CEMS
Double Degree programmes are a unique opportunity, allowing you to obtain two higher education degrees in the time frame of one from two different institutions.
Specialisations
What our students think
Arbesa Mollabeqiroviq
Montenegro
“After spending just one semester at Corvinus, I can say that enrolling in the International Economy and Business programme was the right choice! The curriculum is well-organized and challenging in the best ways possible, the students are welcoming, professors are always helpful and everyone has a great attitude towards international students. I have had an enjoyable experience so far and have made many memories, as well as lifelong friends. “
Career opportunities
Our graduates progress to roles including: Management Analyst, Human Resources Manager, Financial Analyst, Economist.
Our graduates are working at prestigious companies like KPMG, Vodafone, ExxonMobil, Morgan Stanley and FAO.
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Corvinus University of Budapest
Hungary 1093 Budapest Fővám tér 8.