Are you dreaming of pursuing an MBA in the picturesque city of Budapest but worried about the costs? Fear not! Budapest, the vibrant heart of Hungary, is not just known for its stunning architecture and rich history; it’s also a hub for academic excellence, offering numerous scholarships to help bright minds like yours achieve their educational dreams. In this comprehensive guide, we’ll walk you through everything you need to know about securing an MBA scholarship in Budapest, ensuring your journey is as smooth and successful as possible.
Why Budapest MBA Scholarship?
Before diving into the scholarships, let’s talk about why Budapest is an excellent choice for your MBA. This city is home to world-renowned universities that offer a diverse range of MBA programs, designed to cater to the ever-evolving needs of the global business landscape. Studying in Budapest not only means receiving top-notch education but also immersing yourself in a city known for its cultural richness, dynamic nightlife, and welcoming community. It’s an experience that blends professional growth with personal exploration, setting you up for success in both your career and life.
Types of Scholarships Available
Budapest’s educational institutions and various foundations offer a plethora of scholarships to international students. These can broadly be categorized into:
- University Scholarships: Many universities in Budapest provide scholarships directly to students based on academic excellence, leadership potential, or financial need. These scholarships can cover a portion or the entirety of tuition fees, and sometimes even living expenses.
- Government Scholarships: The Hungarian government offers scholarships to promote international education and cultural exchange. The Stipendium Hungaricum is a notable example, covering tuition fees, medical insurance, accommodation, and a monthly stipend.
- Private Foundations and Organizations: Various international and Hungarian foundations offer scholarships to MBA students. These are often awarded based on specific criteria, such as the applicant’s field of study, nationality, or commitment to certain professional goals.
Budapest MBA Scholarship Description:
The scholarship allows Masters level programm(s) in the field of Business Administration taught at International Business School Budapest . The deadline of the scholarship is Open. 10 to 35 percent discount is being offered at International business school Budapest for international students who are interested to enroll master and MBA programs.
Degree Level:
Budapest Master’s and MBA Scholarship at IBS Netherlands – Fully Funded is available to undertake Masters level programs at International Business School Budapest.
Available Subjects:
Following subject are available to study under this scholarship program.
- Business Administration
Eligible Nationalities:
The Budapest Master’s and MBA Scholarship offers a 10-35% discount
Budapest MBA Scholarship Eligibility Criteria:
The Budapest Master’s and MBA Scholarship offers a 10-35% discount from the first payment of the tuition (can be the first semester or the overall program fee) for applicants for the Master’s and MBA program who, in addition to general entry requirements, meet the following criteria:
- must have a CGPA of 3.00-4.00 (out of 4.00) or 75-100% average in other educational systems >> please check the table below
- must have an IELTS 7.0 or TOEFL 94 (iBT) or equivalent
- must attach a motivation letter to the scholarship email (minimum 200 words).
| CGPA result | Scholarship |
| 4 | 35% |
| 3.80 – 3.99 | 30% |
| 3.60 -3.79 | 25% |
| 3.40 – 3.59 | 20% |
| 3.20 – 3.39 | 15% |
| 3.00 – 3.19 | 10% |
Budapest MBA Scholarship Application Procedure:
Applicant should first apply online for the Master’s or MBA programme of IBS and upload the required documents (Bachelor’s degree or official transcript if the degree is not available yet passport and language certificate).
The applicant is supposed to indicate simultaneously his/her respective wish to be granted a Budapest Master’s and MBA Scholarship by emailing [email protected] and attaching the motivation letter. Applications will be approved by the Rector and there is no appeal against his decision.
If the scholarship is approved, students must pay the remaining part of their tuition fee* until the payment deadline indicated in the invoice.
*The fee is non-refundable.
Please note that we will process your scholarship application provided you attached the required documents and you have applied for the scholarship in writing.
Living and Studying in Budapest
Beyond the scholarships, Budapest offers an affordable cost of living compared to other European cities, a vibrant student community, and countless opportunities for cultural immersion and adventure. Whether you’re exploring the historic Castle District, enjoying the city’s famous thermal baths, or savoring Hungarian cuisine, Budapest promises an enriching and memorable MBA journey.
Conclusion
An MBA from Budapest can be a transformative experience, and scholarships are key to unlocking this opportunity without the burden of financial stress. By following the tips and insights provided in this guide, you’re well on your way to making your MBA dream a reality. Remember, the journey to securing a scholarship in Budapest starts with a single step: believing in yourself and your potential. So, start your research, prepare your application, and get ready to embark on an unforgettable educational adventure in the heart of Hungary.
Embrace this chance to grow, learn, and explore in one of Europe’s most enchanting cities. Your future awaits in Budapest, and it’s brighter than ever with the support of a scholarship.