FAQ

FAQ

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Getting familiar with CEU Business School

Q: How can I sign up for a campus tour?

Q: How can I sign up for a classroom visit and is there a limit to how many I can attend?

Q: It is not possible for me to come to Hungary. How else can I connect with CEU Business School?

Q: How can I connect with a CEU alumnus?

Application - General

Q: What does CEU Business School look for in a candidate for admission?

Q: How long is the MBA program?

Q: How will I benefit from the one-year format?

Q: Is there an application fee?

Q: What is the timeline for applying?

Q: How will my application be evaluated?

Q: How do I add new information if I have already submitted my application?

Q: Does CEU Business School accept transfer credits?

Application - Transcripts

Q: What undergraduate degree subject should I have?

Q: Does the reputation/history or my undergraduate institution or company affect my chances of being accepted?

Q: How can I submit my transcript?

Q: If my transcript and diploma are not in English do I need to have them translated?

Q: Is there a minimum GPA requirement to apply?

Applications - Work Experience

Q: What is the desired length of work experience you wish to see in candidates?

Q: What constitutes work experience?

Q: Does part-time work experience or internship count?

Q: Are there specific types of work experience that will make me a more attractive candidate?

Applications - GMAT/TOEFL

Q: Where can I take the GMAT?

Q: What GMAT score is acceptable? What is the average score?

Q: I have taken the GMAT more than once. Which score do you use?

Q: I would like to submit my GMAT score to CEU Business School electronically when I take the test. What is the code?

Q: How can I be eligible for a GMAT waiver?

Q: Where can I take the TOEFL/IELTS/Cambridge?

Q: Do you accept state language exams (or exams different from TOEFL/IELTS/Cambridge)?

Q: Can I be exempted from the language requirement if I prove that I had worked in an English-speaking environment?

Q: I would like to submit my TOEFL score to CEU Business School electronically when I take the test. What is the code?

Q: Do I need to speak Hungarian?

Q: Do you accept the GRE instead of the GMAT?

Applications - GMAT/TOEFL

Q: What should I write in my letter of motivation?

Applications - Recommendations

Q: Who should recommendations come from?

Applications - Interview

Q: When should I expect an invitation for an interview?

Q: What should I expect for my interview?

Q: How can I best prepare?

Applications - Application Follow-up

Q: Who should I contact if I have a question regarding my application status?

Q: When and how can I expect to hear back from CEU Business School?

Q: How long can I defer my acceptance?

Program details and learning method

Q: What is the method of learning at CEU Business School?

Q: What makes the CEU case method successful?

Q: How is the curriculum structured?

Q: What electives are available?

Q: What concentrations are available?

Exchange options

Q: What exchange opportunities does CEU Business School offer?

Tuition and Financial Aid

Q: What is the estimated cost for one year at CEU Business School?

Q: What are some options for financing my MBA?

Didn't see your question here?

Getting familiar with CEU Business School

Q: How can I sign up for a campus tour?
Please contact the Student Recruitment Department at info@business.ceu.edu or call +36 1 887 5014.

Q: How can I sign up for a classroom visit and is there a limit to how many I can attend?
To schedule a class visit please contact the Student Recruitment Department (info@business.ceu.edu or call +36 1 887 5014) at least one to two weeks prior to your expected arrival date. There is no limit in regard to the numbers of classes prospective students can attend.

Q: It is not possible for me to come to Hungary. How else can I connect with CEU Business School?
If you can't come to us, we'll come to you! Each year we attend events in more than 25 cities all across the globe. To see where we travel, go to the News and Events section on the homepage, or on our Meet Us Around the World page.

Q: How can I connect with a CEU alumnus?
Our alumni are always happy to share their experience. They regularly attend our MBA events around the world, and the best way to connect with them is to ask our recruiters to put you in touch with one of them.

Application - General

Q: What does CEU Business School look for in a candidate for admission?
We are looking for intellectual curiosity coupled with a desire to learn and stretch your limits in a rigorous academic program, as well as personal qualities to contribute to the many activities of the School. We evaluate each applicant against four central criteria: leadership potential and work experience; academic capacity; motivation to join the program and ability to contribute to the CEU Business School experience. For more information, see our Admission Requirements.

Q: How long is the MBA program?
The Full-time MBA Program is a six-module, 60-credit degree program that consists of 12 months of full-time study. If you join the September intake, you will complete your MBA by August of the following year.

Q: How will I benefit from the one-year format?
The CEU MBA curriculum is designed to quickly and thoroughly prepare you for a career in international business. Taking on the challenge of our accelerated program, you will see a considerably faster and greater return on your MBA investment. Our recruiters tell us that the one-year format also helps develop business leaders who know how to manage their time efficiently and effectively. Needing to prioritize and make choices about your learning, socializing and personal time from the very beginning of your program, you will be able to perfect these skills during your year at CEU.

Q: Is there an application fee?
CEU charges a one-time application fee of 40 USD for each candidate applying to full-time programs irrespective of the number of programs applied to in the given admissions cycle. The application fee is non-refundable: all applicants are subject to submit this fee regardless of nationality or financial status. The fee must be paid when the first application is submitted in the given admission cycle.

Q: What is the timeline for applying?
For the class entering in September 2016, the deadlines are:

-early application deadline: February 4, 2016
-general admission deadline: June 30, 2016

Q: How will my application be evaluated?

Each application received is reviewed in depth by the Admissions Committee. When selecting students we put an emphasis on leadership potential, strong academic ability, and personal qualities and characteristics. To find out more, see our Admission Requirements.

Q: How do I add new information if I have already submitted my application?
If invited to interview, applicants may inform the Admissions Committee of updates at that time.

Q: Does CEU Business School accept transfer credits?
We do not accept transfer credits from other schools.

Application - Transcripts

Q: What undergraduate degree subject should I have?
At CEU, we value diversity at every level. We welcome applications from people with a variety of professional and academic backgrounds, including the arts, law, non-profit, etc. No matter the field of your professional and academic background, we will be looking for you to demonstrate your potential as a leader, and we will consider your professional experience and past performance when assessing your application.

Q: Does the reputation/history of my undergraduate institution or company affect my chances of being accepted?
Our goal is to admit a class that offers a variety of perspectives. Therefore, we carefully consider individuals from a wide spectrum of academic and work experiences.

Q: How can I submit my transcript?
You have to upload a certified copy and an official English translation of your transcripts (if the original is not in English) to our online application system. For official enrollment, you also have to submit the hard-copies of these documents to the CEU Admissions Office. For more information about how to submit academic records, please visit here.

Q: If my transcript and diploma are not in English do I need to have them translated?
Yes. You need to provide a certified or notarized English translation.

Q: Is there a minimum GPA requirement to apply?
No. Although our students often have competitive undergraduate GPAs, there are many other equally important components of the application. GPA is just one factor the Admissions Committee uses to evaluate a candidate.

Applications - Work Experience

Q: What is the desired length of work experience you wish to see in candidates?
CEU Business School requires a minimum of 3 years of full-time work experience prior to entering the MBA program, and it is important for you to assess your own readiness when deciding to apply.

Q: What constitutes work experience?
Work experience includes opportunities in which students have been able to develop their professional and leadership skills.

Q: Does part-time work experience or internship count?
Part-time work experience and internships also count, but they should be combined with relevant full-time work experience as well.

Q: Are there specific types of work experience that will make me a more attractive candidate?
Rather than focusing on specific categories of work experience, applicants should focus on their roles, responsibilities and what they have learned from the types of work that they have been involved in. The Admissions Committee will look at the nature of the applicant’s work experience when evaluating the applicants’ ability to handle the academic rigor of our MBA program.

Applications - GMAT/TOEFL

Q: Where can I take the GMAT?
To register, to see available test centers and to get useful tips for preparing for the GMAT, please visit www.mba.com.

Q: What GMAT score is acceptable? What is the average score?
Our average for the Class of MBA 2015 is 619 and we accept applicants with a wide range of test scores. However, the GMAT is just one of several admission criteria. Just as a high score does not guarantee admission, a below average score does not eliminate a candidate. You must ensure that your GMAT score is still valid on September 1 for the year you will be matriculating. GMAT scores are valid for five years from the date you take the test. Please note that we also accept valid GRE score (equivalent to GMAT score).

Q: I have taken the GMAT more than once. Which score do you use?
We will use your highest score. You must ensure that your GMAT score is still valid on September 1 for the year you will be matriculating. GMAT scores are valid for five years from the date you take the test.

Q: I would like to submit my GMAT score to CEU Business School electronically when I take the test. What is the code?
Our GMAT reporting code is: 0203.

Q: How can I be eligible for a GMAT waiver?
In order to be eligible for a GMAT waiver, one should either have at least 10 years of successful management experience in business demonstrating a career progression or 7 years of successful management experience in business demonstrating a career progression and hold another master’s or PhD degree from a reputable institution. Candidates asking for a waiver should be at least 30 years of age at the start of the program.

Q: Where can I take the TOEFL/IELTS/Cambridge?
To register, to see available test centers and to get useful tips for preparing for the TOEFL, please visit www.ets.com. For IELTS and Cambridge, visit the web site of the British Council in your country of residence.
CEU Business School also organizes institutional paper-based TOEFL tests several times a year at its premises in Budapest. The scores will only be accepted by CEU. For test dates, please contact the Student Recruitment Department at info@business.ceu.edu or +36 1 887 5014.

Q: Do you accept state language exams (or exams different from TOEFL/IELTS/Cambridge)?
We do not accept any state language exams for testing English proficiency. We accept relevant scores of the following international language exams: TOEFL (valid for 2 years), IELTS (valid for 2 years), Cambridge Proficiency Examination (valid for 5 years), Cambridge Advanced English Test (valid for 5 years), and Pearson Test of English (Academic). For minimum scores, please see our Admission Requirements.

Q: Can I be exempted from the language requirement if I prove that I had worked in an English-speaking environment?
Working in a multinational environment could be an additional strong point to one’s application dossier, but we cannot grant a language exam waiver based on this. In order to be eligible for an English language exam waiver, one should:
1.have English as their first language
2.have obtained a bachelor's or a master's degree taught exclusively in English.

Q: I would like to submit my TOEFL score to CEU Business School electronically when I take the test. What is the code?
Our TOEFL reporting code is: 0203.

Q: Do I need to speak Hungarian?
No. English is the working language.

Q: Do you accept the GRE instead of the GMAT?
Yes, we accept the GRE as the replacement of the GMAT. Our GRE reporting code is: 7723

Applications – Motivational letter

Q: What should I write in my letter of motivation?
An MBA motivational letter is a statement of your purpose for pursuing a graduate degree in business. When discussing your motivations, it is important to share how you think the program will contribute to your personal and professional growth. Discuss the role the degree will play as you plan your own contribution to your organization or community. Write about your guiding philosophy and tell the reader what you think you can contribute to the program.
Your essay should indicate the clarity of your career objectives, so cite significant involvement in activities and events related to the program. Before writing your personal statement, do an in-depth self-assessment and focus on addressing areas that your grades and GMAT scores cannot speak for. The components of a well-written MBA motivational letter typically tell readers about your immediate and long-term goals and provide insightful answers to the question: Why this particular MBA program? Show the reader that you are dedicated to this course and have researched it well. For this the best resource is the school’s web site, but we encourage you to contact the school directly and talk/correspond with staff, professors, students and alumni to get all your questions answered.

Application Recommendations

Q: Who should recommendations come from?
We would like references from people who know you well. Don't just look for a well-known individual or the CEO of your company. We ask for:
1. A reference from your current employer (if you do not want to use your line manager, a colleague or client is acceptable).
2. A reference from someone who knows you in a professional capacity, such as a former employer, client or peer.
3. A reference from former professors. Please only choose someone who taught you at university if you have remained in close contact.

Recommenders should be individuals who know the candidate well and who can attest to the candidate's leadership ability.

Applications - Interview

Q: When should I expect an invitation for an interview?
Interview invitations are extended on a rolling basis throughout the course of each application round. The timing of your interview does not imply anything about the status of your application nor does it impact your candidacy. Invitations to interview may be extended up until the notification date and are a positive indicator no matter when you receive them.

Q: What should I expect for my interview?
Your interview will last approximately 30 minutes and will be conducted by a member of the MBA Admissions Committee. Interviews may take place in-person or over the phone.

Q: How can I best prepare?
The purpose of the interview is to better understand you as an MBA candidate for our program. We encourage candidates to relax and be ready to talk about themselves.

Applications - Application Follow-up

Q: Who should I contact if I have a question regarding my application status?
Any questions you have should be submitted to Ms. Agnes Schram at admissions@business.ceu.edu.

Q: When and how can I expect to hear back from CEU Business School?
You will be notified in writing by email typically 2-3 weeks after you submit your application.

Q: How long can I defer my acceptance?
Candidates should submit applications only for the year they plan to enter the MBA program. Postponements and deferrals are considered on a case-by-case basis and are usually granted for one year.

Program details and learning method

Q: What is the method of learning at CEU Business School?
While each class requires a high level of participation and engagement from participants, faculty are free to choose the teaching method that fits best with the content each session. You will therefore experience a wide variety of teaching styles, including case-studies, simulations and role-plays.

Q: What makes the CEU case method successful?
The case method prepares students for the challenges of leadership in the real world. Through the demanding, engaging, and proactive learning environment, it develops the knowledge, skills, and confidence to face the variety of difficult decisions that students will undoubtedly face throughout their careers.

Q: How is the curriculum structured?
The MBA program has four components (a) 34.5 core credit hours; (b) The Transnational Leader program (12 credits); (c) the Emerging Regions (3 credits) and (d) Electives (10.5 credits). The first three components are required courses.

Q: What electives are available?
Elective courses allow the students to study in greater depth a business field that might be particularly relevant for their career objectives. The School tries to offer electives that are tailored to the particular needs of a cohort group, and are also in tune with what is changing in the business world. Elective courses from the following business fields are usually available: Marketing, Finance, Technology Management, Global Management, International Business Law, Operations Management, Quantitative Studies, Business and Society, and Entrepreneurship.

Occasionally, the school may also offer electives from economics as well as other social science and humanities areas. Provided written consent by the Program Manager and Student Advisor, students may also take electives courses offered at CEU’s main campus.

Q: What concentrations are available?
A concentration means that a student has studied one or more business fields in some depth. To fulfill the requirements for any concentration, a student must pass elective courses totaling 10.5 credits. A concentration is shown on the transcript. The School offers concentrations in Finance, Marketing, Entrepreneurship, and Business and Sustainability. Students have the option of not specializing in any area. The transcripts of students who choose this option and who have fulfilled all requirements for graduation will show them as having earned an MBA in “General Management.”

Exchange options

Q: What exchange opportunities does CEU Business School offer?
One of the most exciting opportunities available to a student in the Business School is to spend a semester at one of the School’s partner institutions in North America, Western Europe or China, at no additional tuition cost. While partner tuition costs are waived, candidates must cover all other expenses, such as travel and accommodation. Because going on exchange is a popular option and because space is limited, there is a selection process. The selection criteria include the GPA and other indicators of performance at the Business School, language competence (if the instruction is not in English), consideration of the reasons and motivation for wanting to participate in the exchange, as well as an indication of how participation would also benefit the School and the University. Exchange opportunities are available to students in good standing after completion of the core curriculum. This policy allows students to leverage their education experience abroad, giving them access to the rich selection of electives available at the partner schools. Learn more on the International Exchange Programs page.

Tuition and Financial Aid

Q: What is the estimated cost for one year at CEU Business School?
The 2015/2016 program tuition fee is EUR 15,500. On top of this fee you will also need to cover accommodation and living expenses for one year in Budapest. In the context of the investment required to pursue an MBA, it may be helpful to compare the relative costs of a one-year program versus longer programs. Total tuition fees and living expenses are often considerably less; you only forego the salary of one year rather than of two; if you are planning to return to the same industry, you will not be out of the market for long and will be able to adjust to industry and sector changes more easily.

Q: What are some options for financing my MBA?

You should begin to consider your financing options early on, whether in the form of savings, loans or scholarships. Many applicants have access to attractive loan and scholarship opportunities in their countries of origin. Each year, CEU Business School offers a limited number of scholarships (either as full or partial tuition waivers) for talented, high-potential leaders who are committed to enhancing growth and prosperity in developing regions of the world. Learn more on the tuition page.

Didn't see your question here?
Email us at info@business.ceu.edu
Call us at +36 1 887 5014
Skype us at ceu_business_school

 
  • "I have been recently nominated as the Regional IT Manager for West Africa at Unilever. My CEU Business School education has been a key differentiator during an otherwise very competitive recruitment process. I would like to thank all my great peers of the 2013-14 cohort and the wonderful faculty at the B-School for the valuable learning experience I had during my time in BP."

    Moussa Moumouni

    MSc in IT Management class of 2014

     
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