Bordered by Romania, Serbia, Slovakia, Austria and several other central European countries, Hungary became a democratic parliamentary republic in 1989 and is today considered a developed country with a high HDI (Human Development Index). A member of NATO and the European Union, Hungary is a popular tourist destination for Europeans and home to one of the largest thermal lakes in the world--Lake Heviz. Hungary also offers the beautiful scenery of Hortobagy National Park, the most extensive natural grassland in Europe.
What Kind of Schools Offer Business Degrees in Hungary?
Hungary's higher education is divided into colleges that offer bachelor degrees and universities that typically offer master's and doctoral degrees. The 2014 Global Competitiveness Report ranked Hungary's tertiary education system #44 out of nearly 150 countries.
Hungary began using the Bologna Process to restructure their higher education system in 2005, a process that now governs all bachelor degree programs.
How Long Does It Take to Earn a Business Degree?
Most bachelor degree programs encompass business, economics and science fields that take three years to complete.Other fields of study (teaching, health and engineering) take three and a half to four years to finish. Obtaining a master's in business requires students study another two years at a university in Hungary.
How Long is an Academic Year in Hungary?
An academic year lasts from September to June and consists of a fall and spring semester. Exam periods can last up to six weeks, depending on the student's major. Before entering a higher education institution in September, international students taking a class instructed in the Hungarian language will need to pass an examination to show a level of proficiency in the language. Undergraduate students must earn a minimum C1 on the language test per the Europass Language Passport.
How Much are Tuition Fees?
Each year, Hungary's government appoints a number of students as "state-funded" students who do not have to pay registration fees or tuition. EU students living in countries that have certain educational agreements with Hungary may also qualify for state-funded student status.
Alternately, non-EU students will have to pay tuition (averaging 1000 EUR/$1120 USD per academic year) and registration fees (anywhere from 40 to 800 EUR/$45 to $900 USD).
What Can You Do with a Business Degree from Hungary?
Students who complete a Hungarian business degree program may find employment in the capital of Budapest, where most of the country's banking and finance industries operate. Moreover, a business degree from a Hungarian college or university is accepted as valid and esteemed throughout Europe as well as in the U.S., Asia and the Middle East.