BGA | BUSINESS IMPACT
‘Factual knowledge has become less important in the past decade while certain 21st-century soft and transversal skills have become indispensable’
acquired at university and real-life business experience. One student from our bachelor’s in finance and accounting has been awarded second place at an international competition organised by Baker Hughes and the ACCA (Association of Chartered Certified Accountants). Currently, we are working on a business game project together with the ACCA, where a group of students solve a case study under the guidance of mentors. The most recent initiative, however, responds to the largest crisis in our region in years, whereby ELTE Faculty of Economics has allocated 40 new guest studentships for refugees from Ukrainian universities for the 2022 spring term. Tuition fees for the term are waived and while half of the quota is reserved for Ukrainian or Ukrainian-Hungarian citizens, students of other backgrounds from Ukrainian universities are also welcome. Guest students wishing to continue their education at the Faculty of Economics beyond the spring semester can do so as fee-paying students after going through the regular application and admission process.
Moreover, faculty management is accountable to the provider – which for our university is the central government – for the funds used. Responsible management includes not only the use of resources in accordance with the applicable rules, but also the implementation of the so-called ‘three Es of management’: efficiency, economy, and effectiveness. Through our performance-reporting system, there is ongoing monitoring of how tutors accomplish the key targets. In short, managing a faculty is an opportunity to educate talented youngsters and a significant responsibility to make the best use of funds while achieving our targets. What plans does your School have for the next three years? We aim to maintain and stabilise our achievements on the national market with moderate growth with respect to international students. We plan to pursue our ACCA accreditation and the BGA membership. In turbulent times, it is exceedingly difficult to have reasonable predictions about the future environment, but we hope that our adaptability to change will help us maintain our current position on the market as the leading provider for master’s degrees in economics (we run around 30% of the national market for these programmes), and as lucky tutors teaching many of the brightest undergraduates in Hungary.
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What does ‘responsible management’ mean to your School?
Our vision is to educate students who, on graduation, will be successfully integrated into business life, either as an employee or an entrepreneur starting their own business. One core objective of responsible management is to help our students acquire the necessary skills and applied knowledge to smoothen their transition to real life. We receive direct feedback from our students on whether their perception of service quality in teaching is in line with our expectations. Our faculty cooperates intensively with companies through guest lecturers and traineeships, so we serve as a bridge between our students and the employers. Based on this experience, the School’s management has a clear understanding of trends in the labour market.
Gabor A Zemplen (above, left) is Vice Dean for International Affairs, and Professor at the Department of Argumentation Theory and Marketing, Eötvös Loránd University (ELTE) Faculty of Economics, Hungary. His research focuses on conceptual development of scientific theories and the use of argumentation in education. Judit Fortvingler is Director of International Affairs, and Assistant Professor at the Department of Finance and Accounting, ELTE Faculty of Economics, Hungary. Her specialisations are the fields of accounting and auditing.
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