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Corvinus University of Budapest ( hu, Budapesti Corvinus Egyetem) is a university in
Budapest Budapest (, ; ) is the capital and most populous city of Hungary. It is the ninth-largest city in the European Union by population within city limits and the second-largest city on the Danube river; the city has an estimated population o ...
,
Hungary Hungary ( hu, Magyarország ) is a landlocked country in Central Europe. Spanning of the Carpathian Basin, it is bordered by Slovakia to the north, Ukraine to the northeast, Romania to the east and southeast, Serbia to the south, Cr ...
. The university currently has an enrolment of approximately 9,600 students, with a primary focus on
business administration Business administration, also known as business management, is the administration of a commercial enterprise. It includes all aspects of overseeing and supervising the business operations of an organization. From the point of view of management ...
,
economics Economics () is the social science that studies the production, distribution, and consumption of goods and services. Economics focuses on the behaviour and interactions of economic agents and how economies work. Microeconomics anal ...
, and
social science Social science is one of the branches of science, devoted to the study of societies and the relationships among individuals within those societies. The term was formerly used to refer to the field of sociology, the original "science of s ...
s, operating in Budapest and
Székesfehérvár Székesfehérvár (; german: Stuhlweißenburg ), known colloquially as Fehérvár ("white castle"), is a city in central Hungary, and the country's ninth-largest city. It is the regional capital of Central Transdanubia, and the centre of Fej� ...
since 1948. Corvinus University accepts students at six faculties and offer courses leading to degrees at the bachelor, master and doctoral level in specialisations taught in Hungarian, English, French or German. The university was listed in the top 50 in the Financial Times European Masters in Management rankings, and was the first Hungarian university mentioned among the best in the area of agriculture. Considered to be one of the most prestigious and selective universities in Hungary, Corvinus alumni include a former
prime minister of Hungary The prime minister of Hungary ( hu, Magyarország miniszterelnöke) is the head of government of Hungary. The prime minister and the Cabinet are collectively accountable for their policies and actions to the Parliament, to their political part ...
as well as various government ministers, governors of the Hungarian National Bank, and leading business figures.


History

In 1846, József Industrial School opened its gates with departments for economics and trade for upper grade students. The immediate forerunner of the Corvinus University of Budapest, the Faculty of Economics of the Royal Hungarian University, was established in 1920. The faculty was an independent organization that was granted the same status as faculties of other universities. In 1934, the faculty was merged with other institutions including the University of Technology to form the Hungarian Royal Palatine Joseph University of Technology and Economics. Modern economist training began in 1948, when the Hungarian University of Economics was established as a separate universitas. Since then, the institution has undergone multiple name changes. In 1953 it was renamed
Karl Marx Karl Heinrich Marx (; 5 May 1818 – 14 March 1883) was a German philosopher, economist, historian, sociologist, political theorist, journalist, critic of political economy, and socialist revolutionary. His best-known titles are the 1848 ...
University of Economic Sciences. In 1990 the political system changed in Hungary. After 43 years democratic and free parliamentary elections were held. Following that the name of the university was changed to the University of Economics of Budapest. In 2000, with the integration of the College of Public Administration, the institution was named Budapest University of Economic Sciences and Public Administration (BUESPA). The College of Public Administration was founded in 1977. In 2003, the three faculties of the former University of Horticulture (then part of the
Szent István University The Hungarian University of Agriculture and Life Sciences is a university of technology in Hungary. Its headquarters and main campus are located about 30 kilometres from the capital, Budapest, in the Central Hungarian town of Gödöllő. Other ...
) were integrated into the BUESPA. The first predecessor of the horticulture faculties, the School for practical Gardening (1853–1860) was the first institution of horticultural professional training in Hungary. The school was founded and managed by the horticultural scholar and publicist Dr Ferenc Entz (1805–1877), who was also a corresponding member of the Hungarian Academy of Sciences (HAS). In 1939 an independent Royal Horticultural Academy was launched. It included three departments: agriculture, horticulture and landscape architecture. The latter was one of a kind in Hungary at the time. In 2004, the university received its present name. The name the Corvinus University of Budapest refers to the name of Corvinae (codices). Bibliotheca Corviniana was one of the most renowned libraries of the
Renaissance The Renaissance ( , ) , from , with the same meanings. is a period in European history marking the transition from the Middle Ages to modernity and covering the 15th and 16th centuries, characterized by an effort to revive and surpass ide ...
world, established in the 15th century by King
Matthias Corvinus of Hungary Matthias Corvinus, also called Matthias I ( hu, Hunyadi Mátyás, ro, Matia/Matei Corvin, hr, Matija/Matijaš Korvin, sk, Matej Korvín, cz, Matyáš Korvín; ), was King of Hungary and Croatia from 1458 to 1490. After conducting several m ...
. The Faculty of Public Administration was appended to the newly formed National University of Public Service on January 1, 2012. From 2013 Corvinus University of Budapest offered a Summer School program. In February 2019, the government announced that it would place Corvinus University under the newly created Maecenas Universitatis Corvini Foundation from July 2019. The foundation will be allocated 10% of the government's stake in MOL and Gedeon Richter worth HUF 380 billion at the time, with the operational expenses to be paid with the dividends from these companies. For all intents and purposes, the university will become independent of the government. The new appointed rector became Előd Takáts on 1 August 2021, parallel with the change of control of the university, replacing András Lánczi after his six-year term.


Faculties and training programmes

At the Corvinus University, 11,500 students are enrolled in bachelor's, master's, single-cycle, postgraduate specialisation and doctoral programmes. The teaching activities previously organised under the faculties have been restructured for the 2019/20 academic year and have become institutionalised. Under the direction of the institutes, training is divided into departments. * Institute of Economics and Public Policy * Institute of Informatics * Institute of Economics * Institute of Communication and Sociology * Institute of Marketing * Institute of Mathematics and Statistical Modelling * MNB Institute * Institute of International, Political and Regional Studies * Institute of Finance, Accounting and Business Law * Institute of Business Economics * Institute for the Development of Enterprises * Institute of Management


Setting and architecture

The university is in an urban setting. The faculties operate in multiple buildings that stand in the city centre of Budapest. The university's main building – now part of the
UNESCO Heritage Site A World Heritage Site is a landmark or area with legal protection by an international convention administered by the United Nations Educational, Scientific and Cultural Organization (UNESCO). World Heritage Sites are designated by UNESCO for ...
– is located in Pest on the left bank of the Danube, next to the Great Market Hall and facing the
Budapest University of Technology and Economics The Budapest University of Technology and Economics ( hu, Budapesti Műszaki és Gazdaságtudományi Egyetem or in short ), official abbreviation BME, is the most significant university of technology in Hungary and is considered the world's olde ...
on the river's other bank. The main building was planned by Miklós Ybl as the Main Customs Office in
Neo-Renaissance Renaissance Revival architecture (sometimes referred to as "Neo-Renaissance") is a group of 19th century architectural revival styles which were neither Greek Revival nor Gothic Revival but which instead drew inspiration from a wide range ...
style. It was finished in 1874. The building was called "Vámház" (Customs House) and "Fővámpalota" (Chief Customs Palace). This is also the name of the nearby avenue. The building was connected to ports of the Danube by four tunnels. It had a railroad connection. During WW2 the Hungarian, German and Soviet troops used the building as a military base. The Customs House suffered serious damage during the war. In 1948 it became the main building of the University of Economics. It underwent major renovations in 1950 and later in 1989–1990. Much of the education of the business faculties (Faculty of Business Administration, Economics, Social Sciences) takes place in the main building. This is the location of the rector's offices as well. The university's Közraktár Street building was completed in 2007. It offers of floor space, which includes an office building and education areas. The building has community areas, and hosts the 450-seat central library of the university which contains 100,000 books and journals.


Research

The Regional Centre for Energy Policy Research was established in 2004. The three main pillars of the Research Centre are education, research and consultancy. Their analysis focuses mainly on electricity and natural gas markets. They have been working on water management issues since 2007 and on transport issues since 2017. In 2018, the Corvinus Institute for Advanced Studies (CIAS), an international research centre, was established to strengthen Corvinus' scientific performance and international embeddedness. There are more than 20 research centres operating besides them at the university. Several research-related journals (''Society and Economy'', ''Vezetéstudomány'' anagement '' Corvinus Journal of Sociology and Social Policy'', ''Corvinus Journal of International Affair''s, and ''Köz-Gazdaság'' ublic Economy and publications (e.g. workshop series: Corvinus Economic Working Papers RePEc, and Corvinus Law Papers) are published by the university.


Doctoral schools

At Corvinus University of Budapest, doctoral studies currently cover seven fields of study: * Doctoral School of Business and Management * Doctoral School of Economics and Business Informatics * Doctoral School of International Relations and Political Science * Doctoral School of Sociology and Communication Science The majority of courses are taught in English due to the growing internationalisation process based on an increasing number of foreign students.


Awards and rankings

In 2010, Corvinus won the Higher Education Quality Award in the Higher Education Institutions category. Its business majors are not only among the leading universities in Hungary, but are also internationally recognised: the university was ranked first in the region in 2019 by Eduniversal and second in 2020, and in 2019 it was ranked among the 100 best business schools in Europe by the ''Financial Times'', while the university's master's degree in Regional and Environmental Management was ranked 36th in the category of Sustainable Development and Environmental Management, also by Eduniversal.


Specialised colleges

The specialised colleges conduct in-depth research on a number of specialised subjects (e.g. social theory and finance), sometimes with the involvement of external academics or economic operators. Members usually live together on a separate floor of their university hall of residence or in a separate building. This promotes active community life and shared learning and research. The most significant of the university's specialised colleges in 2020 are: *
Rajk László College for Advanced Studies Rajk College for Advanced Studies ( hu, Rajk Szakkollégium) is an educational institution offering advanced courses in the fields of economics, business and social sciences. The College is a self governing community of about 100 selected studen ...
*
Széchenyi István College for Advanced Studies The Széchenyi István College for Advanced Studies ( hu, Széchenyi István Szakkollégium – SZISZ) is a distinctive member of the college-movement, consisting of several similar colleges, operating in the Hungarian system of higher educatio ...
*
College for Advanced Studies in Social Theory The College for Advanced Studies in Social Theory ( hu, Társadalomelméleti Kollégium, ''TEK'') is the oldest independent college of leftist-intellectual orientation at Corvinus University of Budapest as well as in Hungary. History TEK is ...
(Társadalomelméleti Kollégium, TEK) * EVK College for Advanced Studies * Heller Farkas College for Advanced Studies * Society of Young Autonomous Economists (FAKT) * College for Advanced Studies of Diplomacy in Practice (GyDSz) * Mathias Corvinus Collegium * Szent Ignác Jesuit Specialised College * Specialised College of Practical Diplomacy


Student organisations

In addition to the specialised colleges, Corvinus has more than 40 student organisations, making it the most active organised student life in the country. Some organisations have a professional focus, others are organised around a hobby, or internationalisation, etc.


Notable alumni

* Sándor Csányi – chairman of OTP Bank, owner of Bonafarm, investor, philanthropist, billionaire, the richest person in Hungary (according to
Forbes ''Forbes'' () is an American business magazine owned by Integrated Whale Media Investments and the Forbes family. Published eight times a year, it features articles on finance, industry, investing, and marketing topics. ''Forbes'' also r ...
) *
Gordon Bajnai György Gordon Bajnai (; born 5 March 1968) is a Hungarian entrepreneur and economist, who served as the Prime Minister of Hungary from 2009 to 2010. Prior to that, he functioned as Minister of Local Government and Regional Development from 200 ...
– former
prime minister of Hungary The prime minister of Hungary ( hu, Magyarország miniszterelnöke) is the head of government of Hungary. The prime minister and the Cabinet are collectively accountable for their policies and actions to the Parliament, to their political part ...
* Sebastian Gorka – American military and intelligence analyst * György Surányi – former governor of the National Bank of Hungary * Fanny von Hann-Kende – physician and psychoanalyst * Ákos Kovács – singer, one of the best-selling artists in Hungary * Zoltán Kovács (born 1962), vice-president of the
Hungarian Ice Hockey Federation The Hungarian Ice Hockey Federation ( hu, Magyar Jégkorong Szövetség, MJSZ) is the governing body of ice hockey in Hungary. The federation was founded under the leadership of György Pásztor in 1988, when it separated from the Hungarian Ice ...
and
Paul Loicq Award The Paul Loicq Award is presented annually by the International Ice Hockey Federation (IIHF) to honour a person who has made "outstanding contributions to the IIHF and international ice hockey". Named after Paul Loicq Paul Loicq (11 August 1 ...
recipient * Lajos Bokros – former
minister of finance A finance minister is an executive or cabinet position in charge of one or more of government finances, economic policy and financial regulation. A finance minister's portfolio has a large variety of names around the world, such as "treasury", ...
, chairman of Budapest Stock Exchange * Dávid Korányi – director at
Atlantic Council The Atlantic Council is an American think tank in the field of international affairs, favoring Atlanticism, founded in 1961. It manages sixteen regional centers and functional programs related to international security and global economic pro ...
*
József Váradi József János Váradi (born 21 September 1965) is a Hungarian businessman, who co-founded Wizz Air and has served as its chief executive officer (CEO) since 2003. Early life Váradi was born in Debrecen, Hungary in 1965. His father took part ...
– CEO of
Wizz Air Wizz Air, legally incorporated as Wizz Air Hungary Ltd. ( hu, Wizz Air Hungary Légiközlekedési Zrt.) is a Hungarian ultra-low-cost carrier with its head office in Budapest, Hungary. The airline serves many cities across Europe, as well as ...
* György Matolcsy – governor of the National Bank of Hungary since 2013 *
François Lumumba François Emery Tolenga Lumumba, alternatively François Hemery Flory, (born 20 September 1951) is a Congolese politician, the son of Patrice Lumumba, and the leader of a faction of the Mouvement National Congolais-Lumumba (MNC-L). François' fat ...
– Congoloese politician


See also

*
Open access in Hungary Open access to scholarly communication in Hungary has developed in recent years through digital repositories and academic publishers, among other means. In 2008 several academic libraries founded the Hungarian Open Access Repositories (HUNOR) co ...


Notes


References


External links


MBA Programme Website of Corvinus University, School of Management

History of Corvinus University in English

Scientific Journal of the Faculty of EconomicsInternational Economy and Business Programme
{{DEFAULTSORT:Corvinus University Of Budapest Business schools in Hungary Educational institutions established in 1920 1920 establishments in Hungary Universities of economics in Europe