CEU Business School is a US-accredited and licensed management school in Budapest, capital of EU member Hungary. It was founded by a group including investor and philanthropist George Soros in 1988, and became a landmark institution since it was the first school in Central Eastern Europe to offer graduate business education leading to an American MBA.
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CEU Business School was founded in 1988 as International Management Center (IMC). After granting joint degrees with various US schools it became part of the also Soros-founded Central European University in 2002. Until today George Soros is closely connected with the university; amongst other things he personally hands over every Graduate's diploma. At the moment (January 2011) the school is located on the Buda side of the Danube, the address being Frankel Léo út 30-34. As part of CEU's campus redevelopment project it will be relocated to CEU's main campus in downtown Budapest (Nador utca 9-15). In fall 2010 Mel Horwitch, former program director at the MIT Sloan School of Management, has been appointed CEU Business School's new Dean.
The School offers an intense 11-month Full-time MBA, an Executive MBA taught in a weekend-format and, together with 3 other schools, a renowned Executive MBA called International Master of Management (IMM) which is taught on multiple campuses and has recently (2010) been ranked #21 Executive MBA in the world by Financial Times.[1] Through CEU's accreditation with the Hungarian authorities as well as with the American Middle States Association of Colleges and Schools, CEU Business School's degrees are recognized both in the European Union and the United States. The full-time and the part-time MBA programs are accredited by the Association of MBAs, the IMM program also by AACSB.
A previously existing Master of Science in IT Management and two Undergraduate Programs (BSc and Dual Degree in International Business with Uni Bocconi in Italy) have been discontinued as has the Executive MBA program in Romania.
CEU Business School offers a number of exchange and dual degree opportunities with schools in Europe, North America, and Asia including NYU Stern in New York, Schulich School of Business in Toronto, and CEIBS in Shanghai.