Corvinus University of Budapest, Budapest, Hungary

Corvinus University of Budapest: Rankings, Courses, Admissions, Fees, and Scholarships

The Corvinus University of Budapest is one of Hungary’s prominent institutions for education in Economics, Management, and Social Sciences. The university began its journey back in the 1850s to address the growing need for trained personnel to develop industries and trade. By 1920, university-level training in Economics started at the Economics Faculty of the Hungarian Royal University of Science. 

Corvinus University has been the preferred choice of more than 10,000 students studying in Hungary. The university aims to be a leading institution of Central Europe in economics, management, and social sciences.

Why study at the Corvinus University of Budapest?

  • Accreditations from the Association of MBAs (AMBA), EFMD Quality Improvement System (EQUIS), and European Foundation for Management Development (EFMD) serve as a mark of excellent quality offered to the students.
  • Degrees from Corvinus University are widely accepted across Europe, allowing ample professional opportunities.
  • Students can choose from several undergraduate, graduate, doctoral, and MBA programs.
  • The university enables international exposure through the opportunity to study at one of its 300 partner universities located across five continents.
  • Graduates of Corvinus University are known to kickstart their careers with an initial salary higher than the national average and observe a salary raise of up to 60% in just about seven years after graduating.
  • The university provides an opportunity to develop a global network through various programs such as Erasmus+, Campus Mundi, and Double Degree to prepare students for life.
  • With students coming from more than 80 countries, Corvinus offers exposure to multicultural connections and interaction through international communities and student organizations.
  • Corvinus offers the services of licensed psychologists and mental health professionals to support the mental well-being of students and guide them through their journey.
  • Students get the chance to participate in Sports and Health activities in various events across multiple disciplines, including, but not limited to, Basketball, Yoga, jiujutsu, and even Salsa!
  • Through the Center for Foreign Language Education and Research of Corvinus University, students can learn a foreign language among English, French, German, Italian, Russian, Portuguese, Spanish, and Hungarian (for international students).

Corvinus University of Budapest Rankings

Particular  Rank 
QS EECA Rankings  #68
National Ranking #9
Financial Times Ranking Top 100

Programs & Courses offered by the university

Bachelor’s degree programs in the Corvinus University of Budapest are available across Applied Economics, Business and Management, International Relations, Sociology, and more. Moreover, graduate students can participate in master’s degree programs offered by the Corvinus University of Budapest and obtain a double degree by training at foreign partner universities under the dual degree program.

Students can enroll with the Language Examination Center to test for the General Language exam in English or German. In addition, the special-purpose language test includes the Economics exam in English, French, German, Italian, Russian, Portuguese, and Spanish, and the International Relations exam comprises English, French, German, Italian, Russian and Spanish. Upon passing the examination, the student will receive a language examination certificate from the Hungarian state.

Undergraduate/Bachelor’s Programs

  • Business and Management
  • International Business
  • Applied Economics
  • Communication and Media Science
  • International Relations
  • Sociology

Graduate/Master’s Programs 

  • Business Informatics
  • Finance
  • Marketing
  • Full-time MBA (Master of Business Administration)
  • Economic Analysis
  • Health Policy, Planning, and Financing
  • Public Policy and Management
  • Communication and Media Science
  • International Economy and Business
  • International Relations
  • Regional and Environmental Economics
  • Sociology

Campus and accommodation

Campuses

The Corvinus University of Budapest has two campuses: the Közgáz campus and the Székesfehérvár campus.

1) Közgáz Campus: The Közgáz Campus has three buildings: E, C, and Sóház, which are in close vicinity to one another.

Building E, located at 1093 Budapest, Fővám tér 8, is often identified with Corvinus. The classic two-story building, with its beautiful marble and granite decorations designed by Miklós Ybl and spread across roughly a hectare of area, is recognized as one of the iconic symbols of Budapest. Building E offers business courses and is also the center for student services. In addition, the Corvinus Shop and cafeteria are present in this building.

The next building Sóház, located at 1093 Budapest, Fővám tér 13-15, is a few steps away from building E. It is the Information Technology Center of the university. Sóház has several computer labs and offers IT-related courses. 

The third building of Közgáz Campus, building C, is located behind Sóház. Building C, located at 1093 Budapest, Közraktár utca 4-6, offers Social Sciences courses. Library, with large reading rooms, is present on the first floor.

2) Székesfehérvár Campus: The campus is located at 8000 Székesfehérvár, Budai út 43. Unique to Székesfehérvár is the dual course degrees. The campus provides air-conditioned dormitories and modern labs, and a library.

Accommodation

The dormitories at the Corvinus University can accommodate up to 1100 students in rooms with 2-3 beds (in some cases, with 4-5 beds). There are three dormitories for this university:

1) The Kinizsi Dormitory is in the university’s central building at 1092 Budapest, Kinizsi utca 2-6, and can accommodate 400 students. Kinizsi has two seven-story wings, each wing having rooms with 2 or 3 beds. 

  • A kitchen with a microwave and gas cooker is available at each level.
  • Every level also has an ironing corner.
  • Personal kitchen cabinets are available for students.
  • Showers and laundry rooms with automatic washing machines are available for personal hygiene.
  • All rooms are wifi enabled.
  • Computer and study rooms are located on the ground floor, which several students can use at once.

Dormitory Fees:

Room for two persons: 82.50 USD per person per month

Room for 3-4 persons: 78 USD per person per month

2) The Tarkaréti Dormitory, located at 1106 Budapest, Tarkarét u. 6, is only offered to first-year students. This dormitory has been subjected to frequent renovations and improvements for added comfort to its inhabitants. 

  • Each room has three beds. In addition, washrooms with hot and cold water, a wardrobe, and a refrigerator are provided. 
  • In addition, each room is wifi enabled, and a kitchen is available equipped with two electric stoves and a microwave oven.

Dormitory Fees (Room for three persons): 78 USD per person per month

3) Often referred to as the “Ráday Dormitory,” the Ferenc Földes Dormitory, located at 1092 Budapest, Ráday utca 43-45, can accommodate 300 students in rooms with 2, 3 or 4-beds. 

  • Most rooms are designed so that two rooms share a bathroom, while a few rooms have their bathroom. 
  • Automatic washing machines, dryers, kitchens on each floor are available.

Dormitory Fees (Room for two persons): 132.60 USD per person per month

Admission requirements for international students

Information about the eligibility and admission process for undergraduate and graduate programs are listed below:

Undergraduate Admissions

Eligibility to apply to the undergraduate courses at the Corvinus University of Budapest is subject to the fulfillment of the following requirements:

  • Completed secondary education 
  • Mathematics proficiency (not required for degrees in Communication and Media Science, International Relations, and Sociology)
  • A minimum of B2 level of English
  • A valid passport
  • Preliminary Interview (only for Sociology)

Applicants for Bachelor’s programs may be invited for an interview or admission test.

Mathematics Proficiency

Applicants for BSc Applied Economics, BSc Business and Management, and BSc International Business are required to show proof of their mathematics proficiency through any of the following minimum scores:

  • Advanced Placement Exam ( Mathematics AB or BC), minimum grade of 3
  • SAT Subject Test Mathematics Level II exam, minimum of 680 points
  • ACT exam, minimum of 27 points.

Applicants who cannot furnish any one of the qualifications mentioned above are required to pass Corvinus’ Mathematics exam, details of which are discussed below: 

Mathematics Test

Applicants will take Corvinus’ internal mathematics test for BSc Applied Economics, BSc Business and Management, and BSc International Business who do not meet mathematics proficiency requirements. (Applicants of other degrees are not required to take a mathematics test.)

  • The mathematics exam is conducted online.
  • For Stipendium Hungaricum and Diaspora nominees: The exam will be held between 6-8 April 2022
  • For Self-funded applicants (early bird examination): The exam will be held between 6-8 April 2022
  • For Self-funded applicants (later date examination): The exam will be held between 23-25 May 2022
  • The minimum pass percentage is 56%

Oral Examination / Interview

This interview is only for BA Communications, BA International Relations, and BA Sociology applicants to assess their knowledge related to the subject, relevant skills, and motivation.

  • Interviews are held via Teams or Zoom
  • For Stipendium Hungaricum and Diaspora nominees: Interviews will take place between 19-22 April 2022
  • for self-funded applicants (early-bird appointments): Between 19-22 April 2022
  • for self-funded applicants (later appointments): Between 7–10 June 2022 
  • The interview pass percentage is 56%

Documents Required

  • In progress secondary education certificates and transcripts
  • Proof of English language proficiency
  • A valid passport
  • Letter of motivation – minimum one page (only for scholarship applicants)
  • CV/resume (only for scholarship applicants)

Graduate/postgraduate admissions

Students can apply for master’s programs if they fulfill the following criteria:

  • Completed bachelor/undergraduate degree
  • A minimum of B2 level of English
  • Credit Requirements

 Hungary has legal prerequisite credit requirements to study graduate programs. An applicant will need a minimum of 40 ETCS constituted from any of the following areas: 

Science: at least 10 ECTS

Business and Human Resource Management: at least 20 ECTS

Informatics: at least 40 ECTS

Applicants for Master’s programs may be invited for an interview or admission test.

Competency Test 

Applicants for all MA/MSc programs must take a competency test.

  • The competency test is conducted online.
  • For Stipendium Hungaricum and Diaspora nominees: The exam will be held between 4-5 April 2022
  • For Self-funded applicants (early bird examination): The exam will be held between 4-5 April 2022
  • For Self-funded applicants (later date examination): The exam will be held between 19-20 May 2022

Pre-Interview Test

Only applicants of MSc Business Informatics, MSc Economic Analysis, MSc Finance, MSc International Economy and Business, MA International Relations, MSc Marketing, MSc Public Policy, and Management AND have passed the Competency Test are required to take the pre-interview test. The pass percentage is 50%.

Applicants who cleared the Competency Test and Pre-interview test will be eligible for an oral exam/Interview. Interviews are usually held online via Skype, Teams, or Zoom.

The University accepts the following English language tests and minimum scores:

Test Provider Minimum Scores (B2 Equivalent)
Cambridge FCE
IELTS 6.0
TOEFL 65
TOEFL iBT 72
TOEIC 785
DuoLingo 95

Where to apply

Students can apply for undergraduate/graduate courses through the official University website.

Alternatively, you can apply via Gyanberry for a free profile evaluation and a smooth application process.

Application Fee: Self-funded applicants must pay application fees of 83 USD.

Application Deadline: 15 May 2022, for self-funded applicants

Tuition, fees, and total cost of attendance

Tuition Fees For Bachelor’s Programs 

Course Tuition Fees Per Year (For Non-EEA Students)
Business and Management 7064 USD
International Business 7064 USD
Applied Economics 7064 USD
Communication and Media Science 5519 USD
International Relations 5519 USD
Sociology 5519 USD

Tuition Fees For Master’s Programs

Course Name Tuition Fees Per Year (For Non-EEA Students)
Business Informatics 7947 USD
Finance 7947 USD
Marketing 7947 USD
Full-time MBA (Master of Business Administration) 8388 USD
Economic Analysis 7947 USD
Health Policy, Planning, and Financing 6402 USD
Public Policy and Management 6402 USD
Communication and Media Science 6402 USD
International Economy and Business 6402 USD
International Relations 6402 USD
Regional and Environmental Economics 6402 USD
Sociology 6402 USD

Cost of living 

Expense Average Cost Per Year
Accommodation 3300 – 4400 USD
Food and Travel 1650 – 2000 USD

The annual cost of attendance for a full-time student at the Corvinus University of Budapest ranges from 10,469 – 14,788 USD or 38,400 – 54,300 AED. 

Scholarships for international students

  • Stipendium Hungaricum

Non-EU students from more than 80 countries / sending partners can apply for the Stipendium Hungaricum Scholarship Program. The program offers free tuition throughout the course and provides a stipend to support living costs, medical insurance, and university accommodation or accommodation allowance.

Particulars Awarded Benefits Under Stipendium Hungaricum
Tuition Fees Free
Living Costs Allowance USD 133/month (For Bachelor’s/Master’s students)

USD 427/month (For Ph.D. students in the first four active semesters)

USD 550/month (For Ph.D. students in the last four active semesters

Medical Insurance Free
Accommodation Allowance University Accommodation OR

USD 122 allowance/month

  • Diaspora Scholarship

Diaspora Scholarship is a unique Hungarian State-funded program aimed at helping Non-EU students with Hungarian heritage reconnect to their culture. Scholarship awardees receive enrolment in Hungarian Language Course, free tuition, medical insurance, accommodation, and other living expenses. 

Particulars Awarded Benefits Under Diaspora Scholarship
Tuition Fees Free
Medical Insurance Free
Living Costs Allowance USD 133/month (For Bachelor’s/Master’s students)

USD 427/month (For Ph.D. students in the first four active semesters)

EUR 550/month (For Ph.D. students in the last four active semesters)

Accommodation Allowance University Accommodation OR

USD 122 allowance/month

Travel Allowance ( one Travel occasion) Up to USD 972 (only for applicants

domiciled between 8,000 and 19,999 km

from Budapest)

  • Visegrad Scholarship

The Visegrad Scholarship program is available to students from Central Eastern Europe who wish to apply for MSc, MA, and MBA. The scholarship covers four semesters and a USD 1660 discount from tuition fees, and an additional payment of USD 2768 directly to the scholarship recipients.

  • Corvinus Scholarship

Self-funded students with satisfactory academic performance can avail of a cash benefit that covers all or part of the tuition fees for one semester. However, students who are holders of Stipendium Hungaricum or whose fees are paid by employers cannot apply for the scholarship.

  1. Other scholarships based on outstanding extracurricular activities, merit, or social needs are available to students in undergraduate programs, single-cycle master’s programs (from the second semester), and second cycle master’s programs (from the first semester).

Frequently Asked Questions

On 1 July 2019, the Corvinus University of Budapest became a private university controlled by a foundation. The Hungarian state previously maintained it.

The university provides preparation materials. Materials for selected courses are already available on the official website. The website will update materials for more programs soon.

The acceptance range of Corvinus University ranges from 50%-60%, making it moderately selective. Acceptance is dependent on the fulfillment of their eligibility requirements and successful result in their entrance tests.

For students whose high school ends at a lower level than Hungary, the university advises them to enroll in the preparation program. Students with a B1 level of English are also advised to join the program. The preparation program is not suitable for students with a lower than B1 level of English. 

The Corvinus University of Budapest is worth your consideration if you’re looking for world-class education with possibilities for gaining international exposure and building a global professional network. Being among the top universities in Hungary, Corvinus aims to become a leading educational institution in Europe by 2030. International students can apply effortlessly, owing to the university’s straightforward application process. In addition, its internationally accredited programs ensure acceptance by European and global employers.