International Business Economics BA


International Business Economics BA


Economist in International Business BA


Degree program






8 semesters (4 years)

ECTS credits


Minimum number of students


Maximum number of students



Established in 2017 as an Institute, the Faculty of Economics (GTK) is a recent addition to ELTE, Hungary’s oldest and most distinguished university, but it is already a strong contender for being the No. 1 among Hungarian business and economics programmes. Within three years of becoming a Faculty in 2021, we have become the single most sought-after school for Business Economics Master’s training in Hungary, and for Bachelor’s, a Top3 provider with respect to size, with the highest minimum points for entry.  In total we currently have over 6,000 students.

We take a modern approach to business education, promoting responsible leadership and sustainable business practices in close collaboration between students and teaching and research staff.

Primarily targeting international business environments, our trainings are attractive to high-ability and diligent students, and we currently offer two English degree programmes at bachelor level, namely International Business Economics (8 semesters) and Finance and Accounting (7 semesters). International students share classes with Hungarian students and also Erasmus+ and guest students from partner Universities. Despite its short history, GTK is a proud member of the Business Graduates Association (BGA), an international membership and quality assurance body of Business Schools and has already accumulated two recognitions and accreditations. Further international accreditation processes have also been initiated. Two of ELTE GTK’s programmes boast international accreditations by the Association of Chartered Certified Accountants (ACCA), the world’s most prestigious professional body in the field of finance and accounting. In addition to exemptions available to students on the Master’s in Accounting programme, it is ELTE GTK’s Finance and Accounting BA programme which is the only Hungarian bachelor’s programme to have earned five exemptions from ACCA’s examinations.

By completing the programme, students become experts in international market processes, the operations of the EU, and the economic, political, and cultural impacts of globalisation. The programme includes two semesters of compulsory internship (professional practice), one of which must be realised in an international work environment, and this gives students a real competitive advantage in the job market worldwide.

Watch this short video where students tell you why they like studying at ELTE GTK.

Strength of program

The International Business Economics BA Programme has a strong international orientation, yet incorporates a general approach to business economics. Students will get acquainted with the operation of international organisations and the related issues of finance, management, business law and communication.

The main strengths of the programme at Eötvös Loránd University, Faculty of Economics are:

  • fostering an acute awareness of multicultural challenges with an emphasis on understanding and problem solving
  • developing business communication skills at all levels
  • directing attention to the social sciences to influence/shape the world as an an expert in business/intellectual business expert/a  creative thinker/ a learned person
  • providing a strong focus on business law issues to avoid legal pitfalls
  • solving real-life problems in the field of international business economics through compulsory project work under the guidance of experienced lecturers to be able to apply theory to practice

For more information about the courses, visit

Semester 1
Introduction to Management (6)
Marketing I. (6)
Accounting I. (6)
Mathematics I. (6)
Community and Individual (3)
Economics I. (3)

Semester 2
Corporate Finance I. (6)
Accounting II. (3)
Fundamentals of Human Resource Management (3)
Mathematics II. (6)
Business Law I. (6)
Economics II. (6)

Semester 3
Basics of Psychology (3)
International Finance and Economics (6)
Foreign Economic Policy (6)
Argumentation (3)
Business Law II. (6)
Corporate Finance II. (3)
Free elective course I. (3)

Semester 4
Economic Policy (3)
Business Statistics (6)
National and International Taxation (3)
Marketing Research (6)
Industrial Organisation (3)
Persuasion (3)
Compulsory elective course in Social Sciences I. (3)
Free elective course II. (3)

Semester 5
Leadership and Organizational Studies (6)
Econometrics (6)
Project Work I. (9)
Compulsory elective course in Business Law (3)
Compulsory elective course in Social Sciences II. (3)
Free elective course III. (3)

Semester 6
Negotiation (3)
International Financial Management (6)
International Political Economy (6)
Project Work II. (9)
Elective course in Informatics (3)
Optional course IV. (3)

Semester 7
Internship I. (30)

Semester 8
Internship II. (20)
Thesis (10)

Compulsory elective course offers in Business Law

  • Law, State, Democracy
  • International Business Law
  • Regulations of Financial MarketsEuropean Union Law (EU law)
  • Fundametals of Labour Law
  • E-Information Society Law
  • Business and Human Rights
  • Press Knowledge and Press Law

Compulsory elective course offers in the Social Sciences

  • Conceptual Tools of Sociology
  • Introduction to Cultural Anthropology
  • Sociology and the Study of Modern Societies
  • Schools and Methods in Cultural Anthropology
  • Fundamentals of Political Science
  • Problems in Contemporary Philosophy
  • Economy of the European Union
  • Transdisciplinarity and Expertise

Compulsory elective course offers in Informatics

  • Data Analysis in the Social Sciences
  • Data analysis and business intelligence
  • Finance and Accounting Informatics
  • Computer Science
  • Business Analysis
  • Business problem solving with Excel
  • Business Information Systems


Career opportunities

The general training in business economics and the international orientation of the programme allow you to achieve success in competitive multi-national jobs fast-tracking your career as a practicing economist.

Job examples
  • Business development manager
  • Data analyst
  • Economist
  • Product manager
  • Risk analyst
EU/EEA students
non-EU/EEA students
Tuition fee/semester

2700 EUR

3600 EUR

Application fee

100 EUR

100 EUR

non-EU/EEA students
Tuition fee/semester

3600 EUR

Application fee

100 EUR

Offered for the next academic year


Start program

02, Sep, 2024

Deadline for applications - September intake

05, May, 2024

Is there a February intake


Admission requirements

Entry requirements

For the International Business Economics BA programme, the application of those students is welcome who have completed their secondary school studies and can provide proof of this by presenting a Secondary or high school diploma. Admission decisions are made by the Admission Board/Committee. Students will receive written notification of the Committee’s decision within 2-3 weeks following the application deadline. It is only in exceptional cases that we admit students who have not passed their 18th birthday by the start of the program.

Language requirements

Minimum level of language proficiency (oral) (A1-C2): B2
Minimum level of language proficiency (written) (A1-C2):  B2

Applicants who do not speak English as their native language or did not study their high school subjects in English or have not completed at least 60 credits in English at a university level institution (please, submit your Transcript of Records document), must take one of the following language tests with the minimum score shown below:

  • valid TOEFL Score of minimum 61 points (IBT) or TOEFL Score of minimum 500 points (PBT) or TOEFL Score of minimum 173 points (CBT)
  • valid IELTS of a minimum overall band of 6.0
  • Cambridge English: Cambridge First Certificate (FCE)
Documents to submit with application



Transcript of record of the final two years in secondary school

with an English translation

Secondary school certificate/diploma

OR a document stating the expected date of issue of this document if it  is not available at the time of application, with an English translation



Motivation letter

obligatory; between 500 and 2,000 characters

Recommendation letter

2 letters in pdf formet,, highly recommended

Copy of the main pages of the passport

passport must be valid

Passport photo


Copy of application fee transfer slip/payment order


Language certificate

if applicable (Medium of Instruction is acceptable in case the language os tuition was English and the supporting documents are uploaded)

Application procedure

Application starts in the online application system. Students need to register in the system, fill in the online application form, upload the required documents and follow the instructions during the application process.

Payment is to be made to:

Name: Eötvös Loránd University
Name of the bank: Hungarian State Treasury Ltd.
Postal Address of the bank: Váci str. 71., 1139 Budapest, Hungary
Bank account no: 10032000-01426201-00000000
IBAN no.: HU03 1003 2000 0142 6201 0000 0000
Swift code: HUSTHUHB
VAT-Nr.: HU 1530 8744


Please, enter the following details in the payment reference section of the transfer order:
I11101/22 GTI-NG8-NBEN your full name and the amount.
Note that the code to be written in the comment field begins with a capital “i”.

Entrance examination and selection process: 
The applications are examined by the Admission Board within three weeks of the application deadline and applicants are notified of the outcome of the selection process via the online application system by 15th of July. Admission letters are sent out in the online application system before the end of July. There is no February intake.

Type of entrance examination: both oral and written 

Place of entrance examination: online platforms (Canvas, MS Teams)

Further details of the entrance exam: A two-part entrance examination (written test and oral interview) will take place online via Teams and Canvas. Applications are examined by the Admission Board, and the decision is based on a combined evaluation of the applicant's academic excellence (based on the submitted documents) and the results of the entrance exam.

  • The online written exam is designed to test your level of English proficiency and your mathematical / logical skills in the form of tests and essay writing tasks.
  • The oral exam is in the form of a short (approximately 15-minute-long) interview on an online platform called MS Teams.

Further details of the selection and evaluation method:The ranking is based on a the combined evaluation of previous academic excellence (based on the submitted documents) and the results of the entrance exam. The submission of the following documentsis not required, but they are taken into consideration in the admission process: Mathematics exams (SAT Mathematics Subject Test Level II.: min. 680 points or ACT Test : min. 22 points in the Mathematics part).

Program leader

Prof. György ANDOR

Program coordinator

TEL: +36 302 437 119
Postal address: Rákóczi út 7, 1088, Budapest, Hungary

International Office

Postal address: Rákóczi út 7, 1088, Budapest, Hungary