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Application requirements for International Economy and Business

The application procedure

Application deadline: 31st May 2020 - for SEPTEMBER 2020 INTAKE


Application packages should contain the following items

  • A completed application form (online form)
  • An authenticated copy of the BA/BSc degree
  • An official transcript of studies
  • Curriculum Vitae
  • A motivation letter
  • A copy of applicant’s passport
  • 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 nikolett.menyhart(at)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: 120 EUR 

The application fee is non-refundable.

If you are accepted to the program, the official Letter of Acceptance will be issued only after you have submitted the apostilled (or diplomatically legalized) version of your degree to your coordinator. For this reason, we suggest that you make arrangements for the apostille/diplomatic legalization as soon as you have been awarded the degree as it may take time to get the apostille/diplomatic legalization.

For detailed information on apostilles, please check here: https://www.hcch.net/en/instruments/specialised-sections/apostille

If the country where your diploma originated is not a member of the Apostille Convention, your diploma must be diplomatically legalized by the foreign ministry of the country in which the document originated, and then by the Hungarian Consulate of your home country.

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.

The entrance exam

Entrance exams to the Master’s Programs consist of the following two parts:

a. Written part: An essay to be sent via E-mail

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.

b. Oral part: A telephone or Skype interview

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.

For more information about the exams:

Written exam

The 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.


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)

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 exam 2018

Sample exam 2017

Sample exam 2015

Sample exam 2011

Sample exam 2010

Sample exam 2009

Sample exam 2008

Point system

Applicants of the MSc program have to take part in the entrance exam of the faculty. During the entrance procedure, 100 points can be earned.

  • for the exam 70 points,
  • another 20 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,
  • a maximum of 10 extra points can be obtained up to 10 (see the titles below).

Written exam:

  • essay on general social and economic subjects in a case study form
  • maximum score: 50 points

Oral exam:

  • motivational discussion (in English)
  • maximum score: 20 points

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.

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.

• For scientific achievements, 5 points are given, if the student has a ranking at OTDK (National Scientific Student Competition) or national equivalent.
• 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.
• 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.
• 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-care
d, 8 extra points are given for an impaired applicant

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

Tuition fee

Tuition fee: 610 000 HUF (or equivalent in EUR) per semester for EEA applicants, 2600 EUR per semester for non-EEA applicants

Please find the official euro exchange rates here: https://www.mnb.hu/en

Payment terms

  • 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 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: OTP Bank Nyrt.
Address: 1051 Budapest, Nador utca 16.
Account holder: Budapesti Corvinus Egyetem
Bank account No.: 11784009-22229896-00000000
IBAN No.: HU 92 11784009 22229896 00000000

Under "comments" please add:your name 121019 IEB

Kindly note that all additional bank charges have to be covered by the applicant, thus it is advised to calculate the transferred amount accordingly

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/

Payment terms

  • Please transfer the tuition fee for the two semesters of the next academic year until the mid of July to our bank account.
  • Please note that registration is conditional upon the receipt of the fee.
  • If the tuition fee for two semesters does not arrive by the mid of July, 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.

VISA and residence permit

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.

Read more about health care issues, please click here.

Successful applicants are expected to arrive to Hungary by the 1st of September/February.

 For more information about please visit the website of the Institute of World Economy: https://worldeconomy.hu/

Last modified: 2020.04.01.

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