Study MBA in Hungary

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Study MBA in Hungary


Study MBA in HungaryIf you are looking to study MBA in Hungary is one of the best choices for international students looking to get a quality education abroad. Universities in Hungary offer several English-taught MBA and business master's programs at relatively affordable tuition fees as compared to other European countries. Students can choose from specializations such as MBA in Data-Driven Management, General MBA, Executive MBA, MBA in Finance, MBA in Marketing & Digital Marketing, MBA in International Business and Global Management, MBA in Business Data Analytics and Data-Driven Management, MBA in Entrepreneurship & Innovation, MBA in Supply Chain & Logistics Management, and so much more. These specializations cover a wide range of modern topics that are required to build a potential career in MBA. Many international students choose to study MBA in Hungary; hence, the country has a vibrant international student community due to the affordable living costs and a chance to travel around Europe. Team Anigdha has compiled the details related to the admission process, eligibility, intake, deadlines, and courses. Read on to know more!

Study MBA in Hungary: An Overview


An overview of the course for students looking to study MBA in Hungary is mentioned below:

Country

Hungary

Course/Program

MBA

Program Duration

1 -2 Years

Cost of the program

€7,000 to €20,000/ year, depending on the university and program

Scholarships

Available

Intake

Summer Intake: last date of application- 1st March

Winter Intake: last date of application- 1st October

Cost of Living

€5,000 to €10,000 annually (approx.)

Specializations

General / Executive MBA, MBA in Finance / Financial Management, Marketing & Digital Marketing, International Business / Global Management, MBA in Business Data Analytics / Data-Driven Management, Entrepreneurship & Innovation, Supply Chain & Logistics Management, Human Resource Management (HRM), Healthcare Management / Hospital Management, and Healthcare Management / Hospital Management.

IELTS /TOEFL

Required

Top Universities in Hungary

Corvinus University of Budapest

Budapest Metropolitan University

International Business School (IBS Budapest)

University of Debrecen

Budapest Business University (BGE)

Eligibility Criteria

- 10th & 12th Marksheets

- UG Degree for MBA
- English Proficiency
- Letter of Recommendation

Average post-degree salary in Hungary

€15,000 to €40,000 annually

Post-Study Work Visa

9 months' work visa for a job

Medium of Instruction

English

Study MBA in Hungary: Advantages and Benefits


Some of the benefits of choosing to study MBA in Hungary, for non-EU/EEA students, including Indians, are mentioned below:

  • Academic Excellence: Following a global curriculum, students who are looking to study MBA in Hungary can pursue their desired career goals, such as a corporate job, entrepreneurship, consulting, finance, data analytics, etc.

  • Focus on Research: Hungarian Universities pay attention to research and fieldwork related to Business studies in different specializations. To study MBA in Hungary, practical work is of utmost importance since the industry looks for experienced professionals who have completed an internship in the chosen field of expertise, and the universities in Hungary ensure that the students get to avail such opportunities while they study MBA in Hungary.

  • Low Tuition Fee: The maximum tuition fee to study MBA in Hungary is around €20,000/ year, depending on the university and program. This is quite affordable as compared to other business universities, especially for Indian students looking to study MBA abroad.

  • Affordable Living Expenses: The living expenses are a maximum of €10,000 annually in Budapest and may or may not increase depending on the lifestyle you follow. The rest of the cities are comparatively less expensive, and students can easily earn their living expenses by working part-time jobs in Hungary.

  • Post-Study Work Opportunities: After completing their MBA from a Hungarian university, non-EU international students can apply for a residence permit for the purpose of job-searching or entrepreneurship in Hungary. The residence permit is called a “study-to-work” permit, which is valid for up to 9 months.

  • Smooth Work Visa Process: After getting a “study-to-work “Visa, students can get a job or set up their own business within 9 months. After this, students can also transition to a full residence permit based on their employment or business in Hungary.

  • Rich Cultural Heritage: Hungary is an enriching place to live, study, or explore. With folk traditions, modern art culture, European elegance, and inclusion of music as well as literature, international students get to explore a different culture with Eastern roots.

  • Central European Location: Students can easily travel to cities like Vienna, Prague, Munich, and Belgrade that are easily accessible by train, bus, or low-cost flights. Being centrally located, students can explore Europe during their holidays or even on weekends.

Study MBA in Hungary: Eligibility Criteria


To study MBA in Hungary, applicants need to go through the eligibility criteria set by Hungarian Universities. Below is a detailed overview that includes all the requirements, including academic, language, and work experience, for non-EU/EEA students, including Indians:

  • Secondary and Higher Secondary Marksheets

  • A Bachelor’s degree (minimum 3 or 4 years) in a business-related field from a recognized university. Other degrees are accepted if you can show relevant work experience.

  • Academic transcripts and UG certificates.

  • Entrance Exam: Some programs require an entrance exam to study MBA in Hungary. The GMAT/GRE is optional, but it adds value for top MBA programs.

Language Proficiency Tests:

  • English-language proficiency through IELTS (Minimum 6.0–6.5 overall (no band below 5.5)) or TOEFL (79–90 iBT score).

  • An MOI (medium of instruction) certificate can also serve as proof of English language proficiency for international students.

Study MBA in Hungary: Documents Required


Below are the documents required to study MBA in Hungary based on the general requirements of universities in Hungary. The exact requirement depends on the university and the chosen course: 

  • Application Form

  • A Valid Passport

  • Photographs: 4-6 Passport-sized photos

For MBA

  • Secondary and Higher Secondary Marksheets.

  • A Bachelor’s degree from a recognized university.

  • Statement of Purpose (SOP)

  • Curriculum Vitae (CV)/Resume

  • Academic Transcripts: All the transcripts of your UG course and grades.

Visa application (if required)

  • Proof of Admission/Enrolment/ Invitation Letter

  • Proof of Accommodation

  • Health Insurance Coverage

  • Police Clearance Certificate

  • Proof of Financial Means: Evidence of sufficient funds to cover your living expenses in Hungary.

Study MBA in Hungary: Top Universities


Some of the best universities for non-EU/EEA students, including Indians, to study MBA in Hungary that offer quality education in English are mentioned below:

  • Corvinus University of Budapest: 

    1. Key Specializations offered: General MBA, Executive MBA, Finance, International Management

  • Budapest Metropolitan University:

    1. Key Specializations offered: MBA in Marketing, General MBA, Tourism & Hospitality, HR, Finance

  • International Business School (IBS Budapest): 

    1. Key Specializations offered: MBA in Data-Driven Management, Strategic HR, Marketing, Finance

  • Budapest Business University (BGE):

    1. Key Specializations offered: MBA in Marketing, Logistics & Supply Chain, Entrepreneurship

Study MBA in Hungary: Tuition Fee


Depending on the university and student status, it is quite affordable to study MBA in Hungary, especially for international students at most universities. Below is the breakdown of the tuition fee for public and private universities offering MBA in Hungary:

Institution Type

Student Status

Tuition Fees (per semester)

Public Universities

Non-EU/EEA students

€6,000 to €15,000 per year

Private Universities

All students

€7,000 to €20,000 per year

Study MBA in Hungary: Cost of living


Cities such as Budapest in Hungary incur a maximum of €10,000 as living expenses, depending on your lifestyle. If you are looking to study MBA in Hungary, here is what your estimation of living expenses would look like:

Accommodation €260 - €400 Student dormitory, Shared apartment
Food €200 - €300 Groceries and Eating Out
Utilities €100 to €200 Electricity, Water, Garbage
Transportation €12 - €15 Public transportation costs/monthly bus pass.
Health Insurance €50 - €120 Health insurance is mandatory for international students studying in Hungary.
Personal Expenses €150 - €200 Leisure activities & entertainment, Personal items (clothing & utilities)
Miscellaneous €30 - €50 Unforeseen expenses

Note: These expenses may increase or decrease based on an individual’s lifestyle choices and city.

Study MBA in Hungary: Duration


Following the Bologna process, the duration to study MBA in Hungary is mentioned below:

  • MBA degrees

    1. Standard duration: 2-4 semesters (1-2 years).

Study MBA in Hungary: Intake and Deadlines


Applicants should regularly check the university websites to keep track of the deadlines and intakes when looking to study MBA in Hungary. Here is the general overview of the intake and deadlines:

  • Intake:

    1. Winter Semester: Starts in October.

    2. Summer Semester: Starts in March.

  • Deadlines:

    1. For the winter intake: Applications are accepted between June and 1st of week of September.

    2. For the summer intake: Applications are accepted between November and 1st week of February.

Study MBA in Hungary: Admission Process


It is quite difficult to keep track of so many aspects of the admission process while applying to study MBA in Hungary. Team Anigdha is here to help you at every step, starting from the language proficiency tests to the Visa application, which can make the admission process quite easy. Below is a brief description of the admission process and how our team at Anigdha can be of help to you:

  • Research universities: A list of universities will be prepared by our experts at Anigdha that offer an MBA as a course. At the next step, we will shortlist universities based on your desired area of interest, eligibility, and budget.

  • Application: Completing the application form for each shortlisted university will be done by our team at Anigdha based on your details, and with zero errors.

  • Documentation: We have a list of documents specific to each university, which we will collect from you before filling out the application form. Our team at Anigdha will attach the documents to the application for maximum chances of approval.

  • Approval and Fee Payment: Fee payment for the 1st year will be done as soon as our team at Anigdha receives an approval letter from the university.

  • Admission Confirmation: After paying the tuition fee, an invitation/confirmation letter will be sent by the university, confirming your seat to study MBA in Hungary.

  • Visa Processing: Team Anigdha will make use of the invitation letter to expedite the visa application and legalization of visa documentation. You will receive the Visa within 4 weeks.

  • Arrival and Accommodation: At the last step, our team at Anigdha will book your travel tickets to Hungary, and will also look for an affordable and comfortable accommodation for you after the Visa arrives.

FAQs


What is the medium of instruction to study MBA in Hungary?

 

The medium of instruction to study MBA in Hungary is English.

Is there an entrance exam to study MBA in Hungary?

 

Some universities may conduct an entrance exam specific to the university when applying to study MBA in Hungary.

Is an MOI acceptable to study MBA in Hungary?

 

Yes, an MOI is sufficient proof of English language proficiency to study MBA in Hungary.

What are the top universities to study MBA in Hungary?

 

The top universities to study MBA in Hungary are as follows:

  • Corvinus University of Budapest

  • Budapest Metropolitan University

  • International Business School (IBS Budapest)

  • University of Debrecen

  • Budapest Business University (BGE)

Can I work while studying MBA in Hungary?

 

Yes, you can work part-time jobs while studying MBA in Hungary.

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