BUDAPEST BUSINESS SCHOOL

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History

The Budapest Business School, Hungary's market leading and largest college, educating some 20 000 students, was established as a result of the Hungarian higher education integration and on 1 January 2000 the three legal predecessors - the College of Commerce, Catering and Tourism (CCCT), the College of International Management and Business  (CIMB), and the College of Finance and Accountancy (CFA) - were merged. These legal predecessor institutions have a long history. In 2011 our fourth College, theZalaegerszeg College of Business Administration was established.

The predecessor of the College of Commerce, Catering and Tourism was the Academy of Commerce established in 1857. Expanded by the Eastern Academy of Commerce in 1899, this was the first college of commerce in the Austro-Hungarian Monarchy, in the Central European region. Experts for commerce and banking were trained at this school. After World War II till 1962 there was a secondary school of commerce operating in the old impressive building in Alkotmány street. By restructuring education it became a Commercial School of Higher Education, and building upon traditions it was given a college status in 1969 by the name of College of Commerce and Catering. The institution finally adopted today's name implying independent tourism training in 1992.

The history of the College of International Management and Business goes back to 1957. At this time the International Commercial Correspondence School was established with a view to train highly qualified experts in commerce who spoke foreign languages. In 1962 the School became an independent International Commercial School of Higher Education. In 1971 it was granted College status by the name of College of Foreign Trade. In 1992 two dual award programmes were launched in English and French in cooperation with two international partner institutions of higher education. At present there are some 4,000 students studying on the various programmes offered by the FIMB.

The history of the College of Finance and Accountancy can be traced back to the shared common origins of economic vocational training of higher education, to the Pest Academy of Commerce established in 1857, then to the Eastern Academy of Commerce. In a strict sense, the establishment of the College of Accountancy in 1953 can be regarded as the date of foundation. The institution took the name of College of Finance and Accountancy in the academic year of 1970-71. A regional institute of the college was founded in Zalaegerszeg in the academic year of 1971-72, and another one was set up in Salgótarján the following year. Since then CFA has become the flagship college of higher education in finance and accountancy.

Graduates of the legal predecessor institutions and already of the BBS in the past ten years have become the most widely recognized and the most sought-after experts in the domestic labour market, several of them are prominent personalities of the Hungarian society and economy.

The milestones of the first decade of the integrated institution are as follows:

In September 2006 eight undergraduate (BA) educational programmes (Human Resources, Business Administration and Management, Commerce and Marketing, Communication and Media Science, International Business Economics, Finance and Accounting, Tourism and Catering, Business Teacher Training) were launched under the 'Bologna system'

• In September 2008 the first independent post-graduate (MA) educational programme (Teacher of Economics) was launched, which was followed by two new programmes (Marketing, Tourism Management) in February 2009, and by three new ones (International Relations, Finance, Accounting) in September 2009.
• On 28^th April, 2010 the Budapest Business School received a Higher Education Quality Award in recognition of its outstanding achievement in quality improvement.
• In September 2010 the Business Administration doctoral (PhD) programme of Anglia Ruskin University was started due to the co-operation agreement between Anglia Ruskin University and the Budapest Business School (BBS).

In the academic year 2011-2012 the Budapest Business School (BBS) offers 9 undergraduate programmes (in the case of four programmes in foreign languages as well: in English, French, German), 6 post-graduate programmes, 21 post-secondary vocational training programmes, 48 post-graduate diploma courses, Business Administration doctoral school, and numerous adult education programmes to its prospective students.