Budapest Business School
Encyclopedia

The Budapest Business School - BBS - (Hungarian: Budapesti Gazdasági Főiskola - BGF, German: Wirtschaftshochschule Budapest) is the oldest, largest and a leading university of business studies in Hungary
Hungary
Hungary , officially the Republic of Hungary , is a landlocked country in Central Europe. It is situated in the Carpathian Basin and is bordered by Slovakia to the north, Ukraine and Romania to the east, Serbia and Croatia to the south, Slovenia to the southwest and Austria to the west. The...

 that was established as a result of integration of three renowned business school
Business school
A business school is a university-level institution that confers degrees in Business Administration. It teaches topics such as accounting, administration, economics, entrepreneurship, finance, information systems, marketing, organizational behavior, public relations, strategy, human resource...

s.

These three business schools are:
  • College of International Management and Business
  • College of Finance and Accountancy
  • College of Catering, Commerce and Tourism


The university offers vocational trainings, bachelor's degree
Bachelor's degree
A bachelor's degree is usually an academic degree awarded for an undergraduate course or major that generally lasts for three or four years, but can range anywhere from two to six years depending on the region of the world...

s, master's degree
Master's degree
A master's is an academic degree granted to individuals who have undergone study demonstrating a mastery or high-order overview of a specific field of study or area of professional practice...

s, postgraduate diploma
Postgraduate diploma
A postgraduate diploma is a postgraduate qualification awarded typically after a bachelor's degree. It can be contrasted with a graduate diploma...

s, professional qualifications and PhD
PHD
PHD may refer to:*Ph.D., a doctorate of philosophy*Ph.D. , a 1980s British group*PHD finger, a protein sequence*PHD Mountain Software, an outdoor clothing and equipment company*PhD Docbook renderer, an XML renderer...

 degrees.
Many of the graduates of this top-ranked Budapest Business Schools are currently business leaders.

History

The official predecessor of the College of Finance and Accountancy and the College of Catering, Commerce and Tourism of Budapest Business School is the Pest Academy of Commerce that was established in 1857. Pest Academy of Commerce (German: Pester Handelsakademie, Hungarian: Pesti Kereskedelmi Akadémia) was the first higher educational institution for business studies
Business studies
Business studies is an academic subject taught at higher level in Australia, Canada, Hong Kong, India, Ireland, New Zealand, Pakistan, South Africa, Sri Lanka, Zimbabwe and the United Kingdom, as well as at university level in many countries...

 in Austria-Hungary, thus it was the first business school
Business school
A business school is a university-level institution that confers degrees in Business Administration. It teaches topics such as accounting, administration, economics, entrepreneurship, finance, information systems, marketing, organizational behavior, public relations, strategy, human resource...

 in Central Europe. Moreover, it is the second oldest business school
Business school
A business school is a university-level institution that confers degrees in Business Administration. It teaches topics such as accounting, administration, economics, entrepreneurship, finance, information systems, marketing, organizational behavior, public relations, strategy, human resource...

 in the World. After the cities Buda and Pest merged, the institution was renamed to Budapest Academy of Commerce. Most of the business professionals and economists of the country gained their qualifications there as it was the only business school in the country that time.

After the school was renamed and changed several times, the College of Accountancy was established in 1953, and the College of Catering and Commerce was established in 1969. The forerunner of the College of International Management is the School of International Commerce that was established in 1957.
In January 2000, the colleges created the Budapest Business School and became faculties of the university.
In March 2011, the College of Business Administration faculty was established out of the College of Finance and Accounting campus in Zalaegerszeg.

Official Predecessors of the Budapest Business School

Name Location Period
1 Pest Academy of Commerce Pest
Pest
Pest may refer to:*Pest , an animal or plant detrimental to humans or human concerns*Pest, an archaic term for pestilence, originally the Black Death*Pest , an ice hockey player specialising in aggravating opponents...

 
1857–1873
2 Budapest Academy of Commerce Budapest
Budapest
Budapest is the capital of Hungary. As the largest city of Hungary, it is the country's principal political, cultural, commercial, industrial, and transportation centre. In 2011, Budapest had 1,733,685 inhabitants, down from its 1989 peak of 2,113,645 due to suburbanization. The Budapest Commuter...

 
1873–1953
3 Oriental Academy of Commerce Budapest
Budapest
Budapest is the capital of Hungary. As the largest city of Hungary, it is the country's principal political, cultural, commercial, industrial, and transportation centre. In 2011, Budapest had 1,733,685 inhabitants, down from its 1989 peak of 2,113,645 due to suburbanization. The Budapest Commuter...

 
1899–1920
4 College of Accountancy Budapest
Budapest
Budapest is the capital of Hungary. As the largest city of Hungary, it is the country's principal political, cultural, commercial, industrial, and transportation centre. In 2011, Budapest had 1,733,685 inhabitants, down from its 1989 peak of 2,113,645 due to suburbanization. The Budapest Commuter...

 
1953–1970
5 College of Finance and Accountancy Budapest
Budapest
Budapest is the capital of Hungary. As the largest city of Hungary, it is the country's principal political, cultural, commercial, industrial, and transportation centre. In 2011, Budapest had 1,733,685 inhabitants, down from its 1989 peak of 2,113,645 due to suburbanization. The Budapest Commuter...

 
1970–2000
6 College of International Management Budapest
Budapest
Budapest is the capital of Hungary. As the largest city of Hungary, it is the country's principal political, cultural, commercial, industrial, and transportation centre. In 2011, Budapest had 1,733,685 inhabitants, down from its 1989 peak of 2,113,645 due to suburbanization. The Budapest Commuter...

 
1969–2000
7 College of Commerce and Catering Budapest
Budapest
Budapest is the capital of Hungary. As the largest city of Hungary, it is the country's principal political, cultural, commercial, industrial, and transportation centre. In 2011, Budapest had 1,733,685 inhabitants, down from its 1989 peak of 2,113,645 due to suburbanization. The Budapest Commuter...

 
1969–1992
8 College of Commerce, Catering and Tourism Budapest
Budapest
Budapest is the capital of Hungary. As the largest city of Hungary, it is the country's principal political, cultural, commercial, industrial, and transportation centre. In 2011, Budapest had 1,733,685 inhabitants, down from its 1989 peak of 2,113,645 due to suburbanization. The Budapest Commuter...

 
1992–2000
9 Budapest Business School Budapest
Budapest
Budapest is the capital of Hungary. As the largest city of Hungary, it is the country's principal political, cultural, commercial, industrial, and transportation centre. In 2011, Budapest had 1,733,685 inhabitants, down from its 1989 peak of 2,113,645 due to suburbanization. The Budapest Commuter...

 
2000 –

Faculties and Schools of the Budapest Business School

  • College of Finance and Accountancy, Budapest
  • College of Finance and Accountancy, Salgótarján
  • College of International Management, Budapest
  • College of Catering, Commerce and Tourism, Budapest
  • College of Business Administration, Zalaegerszeg
  • International Doctoral School of Business Administration, Budapest

Bachelor's Programs

  • BA in Business Economics and Management
  • BA in Finance and Accounting (also in English language)
  • BA in Tourism and Catering Management (also in English and German languages)
  • BA in International Business Economics (also in English and French languages)
  • BA in Commerce and Marketing (also in English and German languages)
  • BA in Human Recource Management
  • BA in Business Information Technology
  • BA in Communication and Media
  • BA in Business Education
  • BA in Business Management (top-up honours year with the Anglia Ruskin University
    Anglia Ruskin University
    Anglia Ruskin University is one of the largest universities in Eastern England, United Kingdom, with a total student population of around 30,000.-History:...

    , Cambridge, UK in English language)

Master's Programs

  • MA in International Business (with the Anglia Ruskin University
    Anglia Ruskin University
    Anglia Ruskin University is one of the largest universities in Eastern England, United Kingdom, with a total student population of around 30,000.-History:...

    , Cambridge, UK in English language)
  • MA in Global Communication (with the Anglia Ruskin University
    Anglia Ruskin University
    Anglia Ruskin University is one of the largest universities in Eastern England, United Kingdom, with a total student population of around 30,000.-History:...

    , Cambridge, UK in English language)
  • MA in Finance
  • MA in Accounting
  • MA in Tourism Management (also in English language)
  • MA in Marketing
  • MA in Business Education
  • MA in International Studies
  • MA in Management and Leadership
  • MA in International SME Management (jointly with ESCEM, University of Essex
    University of Essex
    The University of Essex is a British campus university whose original and largest campus is near the town of Colchester, England. Established in 1963 and receiving its Royal Charter in 1965...

    , Wismar Business School, Paris West University Nanterre La Défense)
  • MA in E-Business (with the University of Picardie Jules Verne
    University of Picardie Jules Verne
    The University of Picardie Jules Verne is a university located in Amiens, France, and is under the Academy of Amiens...

    , Amiens, France in French language)


Budapest Business School also offers 51 postgraduate professional degree programs.

Doctoral Program

  • PhD in Business Studies (with the Anglia Ruskin University
    Anglia Ruskin University
    Anglia Ruskin University is one of the largest universities in Eastern England, United Kingdom, with a total student population of around 30,000.-History:...

    , Cambridge, UK in English language)

Rankings

Budapest Business School has been among the top business schools in Hungary.
By the Spanish National Research Council, BBS is ranked on Webometrics
Webometrics
The science of webometrics tries to measure the World Wide Web to get knowledge about the number and types of hyperlinks, structure of the World Wide Web and usage patterns...

 Research as the best university of economics/business school in Hungary, 60th best in Europe, and 152nd in the World.
It is the only business school in Hungary that was ranked among the top 100 business school in Europe by engviet.com.

According to a research of the Institute for Economic and Enterprise Research (GVI) in 2009 shown in the HVG Diploma Magazine, Budapest Business School is number one in the area of finance, accounting, economic analyses, human resource management and tourism management among all the universities in Hungary, and is also ranked top 3 in any other business study areas.

BBS provides the most valuable degrees and the best education in business management, HR management, commerce and marketing, international business, finance and accounting among all the universities in Hungary by Népszabadság
Népszabadság
Népszabadság is a major left-leaning Hungarian newspaper, founded in 1956 as successor of "Szabad Nép" , the central organ of the dissolved Hungarian Working People's Party...

 Top 25 Degrees in 2007.

By Felvi.hu, with 14,986 applicants in 2011, BBS is by far the most popular business school in Hungary, and the most popular university in Budapest
Budapest
Budapest is the capital of Hungary. As the largest city of Hungary, it is the country's principal political, cultural, commercial, industrial, and transportation centre. In 2011, Budapest had 1,733,685 inhabitants, down from its 1989 peak of 2,113,645 due to suburbanization. The Budapest Commuter...

 after ELTE
Elte
Elte can refer to the following:* Elte, North Rhine-Westphalia, former township now integrated into Rheine, Germany.* Eötvös Loránd University, a University in Budapest.* Harry Elte, Dutch architect.* E. L. Elte, Dutch mathematician...

.

According to Felvi.hu, Budapest Business School has the highest standards in economics
Economics
Economics is the social science that analyzes the production, distribution, and consumption of goods and services. The term economics comes from the Ancient Greek from + , hence "rules of the house"...

among all the Hungarian economic universities, and the value of BBS degrees in business studies is among top 2 in Hungary. It is ranked number one for being the hardest university in economics and business studies in Hungary by far.
There is a new page on Facebook for the Budapest Business School, where pictures can be seen:
http://www.facebook.com/pages/Budapest-Business-School/215854761771620
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