Hungary, nestled in the heart of Central Europe, has been rapidly emerging as a hub for quality education and innovation. With its rich cultural heritage, vibrant economy, and strategic geographical location, Hungary offers a promising landscape for international students. The best universities in Hungary are often named among the top universities in the world. It is especially true for aspiring business students, due to the array of world-class business schools in Hungary. A key component of Hungary’s educational excellence lies in its renowned business schools, which play a crucial role in shaping the next generation of leaders and entrepreneurs.
In this article, we will explore some of the prominent business schools in Hungary and delve into the unique opportunities they offer. Whether you are a prospective student aiming to pursue a bachelor’s degree, a seasoned professional seeking an executive education program, or an international student eager to embrace a new cultural experience, Hungary’s business schools have something to offer for everyone.
Overview of Business Schools in Hungary
| No of Programs | 30+ |
| No of Universities | 10+ |
| Courses Offered | MBA, Executive MBA, BSc Business Administration, and Management, BSc International Business Economics, MSc International Business, and Economics, etc. |
| Duration of Study | Bachelor’s: 3.5-4 years
Master’s: 2 years |
| Average Tuition Fees | Bachelor’s: 2,500-6,500 EUR
Master’s: 3,500-8,000 EUR |
Why Study Business in Hungary?
Quality Education System: Hungary hosts several prestigious universities known for their academic excellence. Hungarian degrees are valuable worldwide, providing graduates with a competitive edge in the global job market.
Strategic Central European Location: Studying business in Hungary can provide students with insights into the diverse business practices and cultures of both Eastern and Western Europe, due to its strategic location.
Multicultural Environment: Hungary attracts a significant number of students from everywhere. Interacting with students from different backgrounds allows cross-cultural appreciation.
Affordability and Scholarships: Hungary is known for its affordable tuition fees and living costs. There are various financial aid options, including scholarships for international students.
Vibrant Startup Ecosystem: Hungary has a thriving startup ecosystem, particularly in Budapest. The country encourages innovation and entrepreneurship, offering support and resources for aspiring entrepreneurs.
Career Opportunities: Studying in Hungary provides access to many networking opportunities and internships. Such opportunities can enhance employment prospects both within the country and internationally.
Best Business Schools in Hungary
Budapest Business School
Budapest Business School is one of the most eminent institutions of higher education for business in Hungary. It is the largest public business school in the country and offers a wide range of programs. The programs offered have an emphasis on practical training and corporate partnerships. They are also for their specialization options, international tie-ups, corporate training, etc.
| Program Name | Duration of Study | Tuition Fees (2023/24) |
| BSc Commerce and Marketing | 3.5 years | 5,000 EUR |
| BSc International Business Economics | 4 years | 4,800 EUR |
| MSc International Business and Economy | 2 years | 6,000 EUR |
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Corvinus University of Budapest
Corvinus University of Budapest is one of the most prominent institutions of higher education in Hungary. The university offers exceptional programs at all levels in the fields of Business Administration, Economics, etc. The University offers two world-class MBA options among other business programs, both of which are taught in English. The traditional 2 year MBA program at Corvinus is accredited by the AMBA and is one of the best in the world. The University also offers an Executive MBA option for working professionals in partnership with Maaschrit University and SEED executive school. It is the only EFMD-accredited MBA in all of Hungary.
| Program Name | Duration of Study | Tuition Fees (2023/24) |
| BSc Business and Management | 3.5 years | 6,400 EUR |
| MSc International Economy and Business | 2 years | 4,800 EUR |
| MBA | 2 years | 7,600 EUR |
| Executive MBA | 2 years | 8,500-10,000 EUR |
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Debrecen University
With a rich history dating back to 1538, Debrecen University is one of the most important institutions of higher education in Hungary. The university boasts a sizable student body, with approximately 30,000 students enrolled in various undergraduate, graduate, and doctoral programs. The university’s business programs are particularly renowned for their quality and comprehensive curriculum. These programs emphasize a blend of theoretical concepts and practical applications and are often ranked among the best in the country.
| Program Name | Duration of Study | Tuition Fees (2023/24) |
| BSc Business Administration and Management | 3.5 years | 5,480 EUR |
| BSc Commerce and Marketing | 3. 5 years | 5,480 EUR |
| MSc International Economy and Business | 2 years | 6,400 EUR |
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University of Pannonia
The University of Pannonia with a history tracing back to 1949 is one of the leading centers of learning in the region. The University of Pannonia caters to a diverse student body, attracting around 10,000 students enrolled in various undergraduate, graduate, and doctoral programs. The Faculty of Business and Economics at the university, offers a diverse range of business programs that tackle contemporary and emerging problems in global business practices, especially with its excellent mentor program and corporate tie-ups.
| Program Name | Duration of Study | Tuition Fees (2023/24) |
| BSc Business Administration and Management | 3.5 years | 2,700 EUR |
| BSc International Business Economics | 4 years | 2,700 EUR |
| MSc Marketing | 2 years | 3,300 EUR |
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University of Pécs
The University of Pécs is one of the oldest universities in Hungary with a history dating back to 1367. The University has a sizable student population, with over 20,000 students enrolled in a diverse range of undergraduate, graduate, and doctoral programs. The Faculty of Business and Economics is one of the best business schools in Hungary, with programs being validated by international universities such as Middlesex University, London. The Business Administration bachelor program is accredited by EFMD Global. These programs above all emphasize international connections, with many students getting the opportunity to study abroad during the program.
| Program Name | Duration of Study | Tuition Fees (2023/24) |
| BSc Business Administration and Management | 3.5 years | 7,000 EUR |
| MSc Business Development | 2 years | 8,000 EUR |
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Admission Requirements for Business Programs in Hungary
Bachelor’s Programs
- Secondary education or its equivalent, typically a high school diploma.
- English Language proficiency certificate (typically, IELTS-5.5, TOEFL iBT-72)
- Academic Transcripts.
- Some programs have entrance examinations that assess subjects such as mathematics, economics, etc.
Master’s Programs
- A Bachelor’s degree or equivalent qualification from a recognized institution. It is preferred that the degree is in a related field of study, such as business administration, economics, or a relevant discipline.
- English Language proficiency certificate (typically, IELTS-5.5, TOEFL iBT-72)
- Some programs require Letters of recommendation.
- A statement of purpose or letter of Intent.
- Some programs require the applicants to have some amount of work experience before applying.
Job opportunities for Business Graduates in Hungary
Hungary offers a range of job opportunities for business graduates due to its growing economy and favorable business environment. With a strategic location in Central Europe, Hungary serves as a regional hub for multinational companies, making it an attractive destination for business professionals. Graduates with business degrees can find employment in various sectors such as finance, marketing, consulting, entrepreneurship, and supply chain management. Budapest, the capital city, is a particularly vibrant job market, offering opportunities in both local and international companies.
Conclusion
In conclusion, business schools in Hungary stand as beacons of excellence, offering a diverse array of programs. The country’s rich cultural heritage, strategic location within Europe, and thriving economy provide a fertile ground for students seeking quality business education and promising career opportunities. While considering admission in Hungary, it is also important to outline your degree preferences, place of study, cost of living, and several other factors. For guidance and information regarding studying in Hungary, feel free to reach out to our admission experts at Gyanberry. You can also schedule a free video call with our experts.
