Corvinus University of Budapest


Corvinus University of Budapest is a university in Budapest, Hungary. Corvinus University of Budapest is a research university oriented towards education. The university currently has an enrollment of approximately 14,500 students, offering educational programmes in business administration, economics, and social sciences.
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.
Ministers of finance, chairmen of the National Bank of Hungary and prime ministers studied at Corvinus.

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 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. The College of Public Administration was founded in 1977.
In 2003, the three faculties of the former University of Horticulture were integrated into the BUESPA. The first predecessor of the horticulture faculties, the School for practical Gardening 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, who was also a corresponding member of the Hungarian Academy of Sciences.
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. Bibliotheca Corviniana was one of the most renowned libraries of the Renaissance world, established by the king Matthias Corvinus of Hungary.
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.

Faculties

As of 2016, the university has three faculties:
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 – 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 on the river's other bank. The main building was planned by Miklós Ybl as the Main Customs Office in Neo-Renaissance style. It was finished in 1874. The building was called "Vámház" and "Fővámpalota". 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 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.

Student life

Seven colleges for advanced studies are connected to the university. These are student groups that offer their own body of extracurricular coursework and often provide accommodation for their members as well.