Central European University
Austria - Hungary
Master of Business Administration in Global Executive Management
Central European University is a graduate institution of advanced research and teaching, dedicated to socially and morally responsible intellectual inquiry. CEU’s distinctive educational program builds on the research tradition of the great American universities; on the most valuable Central European intellectual traditions; on the international diversity of its faculty and students; on its commitment to social service; and on its own history of academic and policy achievements in transforming the closed communist inheritance. CEU is committed to promoting the values of open society and self-reflective critical thinking. It aims at excellence in the mastery of established knowledge, courage to pursue the creation of new knowledge in the humanities, the social sciences, law and management, and engagement in promoting applications for each, in particular through their policy implications. CEU is a new model for international education, a center for study of contemporary economic, social and political challenges, and a source of support for building open and democratic societies that respect human rights and human dignity.
In 1989, a group of visionary intellectuals—most of them prominent members of the anti-totalitarian democratic opposition—conceptualized an international university that would help facilitate the transition from dictatorship to democracy in Central and Eastern Europe and the former Soviet Union. Among them was George Soros, the Hungarian-American financier and philanthropist, who founded Central European University two years later.
Soros championed the project because he understood that open societies can flourish only with people in positions of responsibility who are educated to promote them. His vision was to recruit professors and students from around the world to build a unique institution, one that would train future generations of scholars, professionals, politicians, and civil society leaders to contribute to building open and democratic societies that respect human rights and adhere to the rule of law.
CEU was established in 1991 as a multi-campus university offering graduate level programs chiefly in the social sciences, law and the humanities in Prague, Budapest, and later Warsaw. Students - initially just over 100 - were primarily hailing from Central, Eastern and Southeastern Europe. Later, all activities were gradually moved to Budapest, which became the main campus by 1995. In 2019, CEU opened its brand-new campus in Vienna.
CEU Executive MBA is a mid-career management program for professionals with at least 8 years of experience, including 3 years of leadership experience, who want to transform their professional future by moving from operational and functional expertise to positions of strategic leadership. A tailor-made program for working managers, it allows our participants to earn a US-accredited MBA degree in just ten convenient 4-to-9-day residencies, scheduled over 28 months to minimize disruption to your work and life. Seven of the modules take place in CEU’s brand new Vienna campus and three in Budapest.
CEU EMBA is the EMBA for the Open World – the program explicitly tackling the competitive challenges and paradoxes of today’s post-industrial economy. At the time when governmental environments are getting increasingly closed-minded, businesses are pressured to open up to new network strategies, more demanding creative talent and faster ways of learning and adapting. Navigating this complex web of technological, organizational, generational and political tensions will define business leadership for decades to come.
With that in mind, we have designed a bespoke curriculum that combines high-level strategic, decision-making and leadership training with cutting-edge interactive case-based instruction in finance, data analytics, economics, marketing, innovation and entrepreneurship. CEU EMBA educates our participants in cutting-edge managerial techniques and trends, while immersing them in intensive learning and personal development.
Our EMBA fellows have an opportunity to exchange ideas with an unparalleled faculty comprised of some of the most accomplished management scholars in Europe. CEU EMBA instructors represent 20 nationalities and graduated from world’s top universities, including Harvard, Yale, Princeton, MIT and Insead. They combine their academic achievements with deep experience working with companies and organizations throughout the world. Joining CEU EMBA means also becoming member of the tight-knit community of more than 16,500 professionals active in 136 countries. Our alumni are leaders in business, politics, civil society, academia and culture. Our commitment to lifelong learning, to innovative ideas and to challenging hierarchies and “conventional wisdoms” links people who share not only a degree, but also values and experiences.
The program allows participants to combine the network and energy of Vienna during our spring, fall, and winter modules with the relaxed affordability of Budapest during the summer. In both places, EMBAs experience state-of-the-art facilities, which are the backdrop to what is really important. Our unique campuses are defined by the principle of the Open Society and provide a meeting space for a vibrant community of graduate students from nearly 120 countries.
Finally, our tuition of 25.000 euro for our US-accredited program represents one of the best price-to-value ratios in Europe. We also offer a variety of need- and merit-based scholarships with diverse backgrounds and exceptional leadership potential. Our beneficial arrangements with Austrian Airlines, Lufthansa Group and accommodation partners in Vienna and Budapest further facilitate program participation, especially in terms of the opportunity cost of your time.
For more information, please visit emba.ceu.edu
The first step is submitting our ONLINE APPLICATION FORM. which requires from you the following key submissions:
1. Professional experience. At least 8 years of professional experience, including at least 3 years of documented leadership/managerial experience. From the 8-year criterion, we will make rare exceptions in case of individuals with particularly impactful leadership experience, for instance founding an organization, startup etc.
2. Undergraduate degree. An undergraduate degree or equivalent qualification.
3. Healthy career progress. Evidence of steady career progress throughout the professional career, as documented by the up-to-date Vitae of the candidate. Note that as a general rule, CEU EMBA only accepts candidates with at least 8 years of professional experience and 3 years of documented managerial / leadership experience.
4. References. At least 2 references, including at least one professional and one academic.
5. Motivation. A cover letter explaining interest in the Executive MBA for the Open World.
6. Proof of English proficiency, based on general CEU requirements.
7. Application fee. A non-refundable application fee of 30 euro.
8. Scholarships. Additional information ans essays are required if you choose to apply for one of our scholarship programs.
If your online application passes the introductory review stage, a member of the EMBA Program Office will contact you to set up an in-person or VOIP interview with the Senior Program Manager, a faculty member or our EMBA alumnus. The interview also gives you an opportunity to ask additional questions about the Program. An admission decision will normally be made within a week of your intereview.
For more information, please visit emba.ceu.edu
The world-class faculty, facilities and location offered by CEU Executive MBA comes at an investment that is affordable for you. Our Vienna Welcome offer of 25,000 euro for the program represents one of the best price-to-value ratios in Europe.
Furthermore, based on careful analysis of management compensation trends in various countries, we offer need-based scholarships of up to 12,000 euro for highly qualified candidates from Central and Eastern Europe, Central Asia or North Africa, in case their management compensation significantly departs from Western salaries. The need-based scholarship program allows participants from middle-income countries who do not earn Western income levels to attend CEU EMBA at a price point similar to that of local programs in these locations.
This benefits all participants, as it facilitates maximum diversity of countries, industries and backgrounds in our classroom.
Because of the significant disparities in economic development, absolute salary levels are not always a good indicator of one’s managerial professionalism and leadership potential. In other words, a participant from a developing country may be earning significantly less than her colleague from Western Europe but be an important contributor to the class discussion the resulting program experience for everyone. CEU’s significant endowment allows us not to “price out” such a valuable participant and offer her a tuition-reducing scholarship.
Separately from our need-based scholarship program, we have developed a number of highly competitive merit-based scholarships. They include the Open World Scholarship, available for participants worldwide as well as our country-specific scholarships set up with a number of highly prestigious institutional partners.
The merit-based scholarships offer tuition reduction of up to 92% (23.000 euro) for exceptional candidates, whose participation in the program would particularly enhance the collective learning experience while advancing the principles of the Open Society.
CEU Executive MBA attractive pricing and scholarship offer is made possible by the university's significant endownment of USD 880 million. Founded in 1991, the university is one of the wealthiest in Europe.
The total cost of the program is further moderated through our streamlined logistical arrangements. Our partners Austrian Airlines and the Lufthansa group offer an attractive AA/LH-CEU Discount Program that allows you to conveniently and affordably fly from more than 80 destinations worldwide to attend our modules. In both Vienna and Budapest, we offer a variety of attractive accommodation options at our partner hotels and the CEU Residence, at different price points.
The CEU EMBA tuition covers the cost of instruction, including all interactive exercises, case studies, access to CEU library and other university services.
It does not include the cost of commuting, accommodation, meals or health insurance while attending the program modules. Purchasing mandatory textbooks is also a responsibility of an EMBA participant, though a limited number of copies of all the textbooks are available on reserve in the CEU library.
For the April/May 2020 intake of CEU EMBA, the tuition is paid in three installments:
- First Installment: 40% of the tuition is paid at the time of enrolling in the program
- Second Installment: 30% is paid by March 31, 2021
- Third Installment: 30% is paid by March 31, 2022
Special arrangements are offered for participants enrolling in the EMBA 2gether program.