Corvinus University of Budapest

“Best Business School in Hungary”

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Corvinus University is the most excellent educational institution in Hungary in the field of economic and social sciences. University-level education – similar to the leading countries of the world – began in 1920 at the independently run Faculty of Economics of the Royal Hungarian University in Budapest.

Corvinus University has decided to switch from a state-run university to a state-run foundation-run university model from July 2019. Its basic model provides a more flexible operation, but also offers the possibility of long-term and predictable planning.

The aim of the university is to make Corvinus an international university. By 2030, the University aims to become the leading institution in Central Europe in the field of economic and social sciences in international higher education rankings

1899

The Eastern Academy of Commerce is established

One of the direct predecessors of our university is the Eastern Academy of Commerce, which was founded in 1899. Wholesalers in the capital and in Hungary, as well as managers of industrial companies, representatives of industry and banking capital, began urgently (from about the 1850s) to train the professionals essential for the development of industrial and commercial life. The rapid development of industry and trade trained economists, the state apparatus required specialists to be used in foreign and foreign trade work, which made it inevitable to set up a special college and then an economics faculty or university. In response, the Eastern Trade Course was launched in 1891, and in 1899 the Eastern Trade Academy was established as an independent state college, training graduates for the Foreign Service and especially for the Balkans.

 

1920

The training begins at the Faculty of Economics of the Royal Hungarian University

The university-level training – similarly to the leading countries of the world – started in 1920 at the independently operating Hungarian Royal Faculty of Economics in Budapest. Around the turn of the century, a social movement began for an independent university of economics with the same rights as other universities. This struggle intensified until World War I. Due to the political crises and then the outbreak of World War I, the issue was not on the agenda again until 1917. At the suggestion of CEO Elemér Balogh, the Antya sales cooperative promised a one-million-kroon foundation for the benefit of a university of economics to be set up. The committee preparing for the establishment of the university nominated one of the most respected economists of the age, Jr. He asked Béla Erődi-Harrach to write a study covering the tasks, direction and study system of the University of Economics. The bill establishing the faculty was finally adopted by the National Assembly only after the end of World War II and the fall of the Soviet Republic. Education began in four specializations (Universal Economics, Agriculture, Commerce, and Consular and Foreign Representation). The study period was 8 semesters, which ended with the last exam (which was also the state exam). Students in public administration and economics and commerce are “graduate economists”; and students in agriculture have a “certified farmer” qualification.

 

1934

The Faculty of Economics became one of the faculties of the József Nádor University of Technology and Economics

In 1934, within the framework of the first university integration in Hungary, the Faculty of Economics became one of the faculties of the József palatine University of Technology and Economics. The survival of an independent institution has been in question since the late 1920s. After lengthy discussions, it was decided to merge it into the technical university organization, citing mainly austerity considerations. On March 2, 1934, Minister of Culture Bálint Hóman submitted a bill on the “Organization of the Royal Hungarian József Nádor University of Technology and Economics” to the House of Representatives. The creation of the new university was part of the process of structural transformation of higher education. A total of four higher education institutions – technical, economic and agricultural – were merged at the university, thus creating a completely new type of university in its size and structure. The number of students began to increase significantly in the next decade, with a relatively large number of working and peasant students studying at the faculty even before the war.

Tarkarét Dormitory

The college, which accommodates 400 students, is located in the green belt of the 10th district of Budapest, only 15 minutes away from the final stations of the blue (Kőbánya-Kispest) and red (Örs Vezér tér) metro lines. First-year students can only be accommodated in this building, which is one of the most important places for integrating into the university community and forming lifelong friendships. The renovation and development of the building is ongoing, and a significant portion of the college rooms have been renewed in recent years. As a result, the entire girls’ side welcomes future residents with new rooms. In 2020, the building also received new windows and external insulation.

Students are accommodated in 3-bed rooms on five levels, which include a foyer, hot and cold water sink, wardrobe, and refrigerator. Every room has an internet connection point and access to the Wi-Fi network. There are separate male and female bathrooms (with showers and toilets) on each floor, as well as a kitchen equipped with two electric hobs and a microwave oven. Laundry facilities are available on the ground floor. In addition, the college has its own library, where board games can be borrowed, and a computer room and study room are also available. For sports enthusiasts, the well-equipped gym, renovated in 2017, is waiting for them. Strong and long-lasting friendships can be formed as a result of beer pong championships, parties, cooking sessions, board game nights, and other events. Moreover, the college atmosphere allows for the smoothest progress in university studies. Through joint groups and societies, college students have many opportunities to seek help from their peers regarding academic or other problems, and due to the proximity, the help usually arrives very quickly.

In summary, Tarkaréti College’s youthful, relaxed atmosphere provides an ideal space for newly minted university students to build relationships, start their independent lives, and gain lifelong experiences and memories.

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