Admission to Economics in the Czech Republic - Universities and Conditions

Admission to Economics in the Czech Republic - Universities and Conditions

If you want to getEU diploma, to study at a prestigious university and have a versatile specialty that will perfectly suit a multitude of high-paying modern professions, then the option that suits you perfectly isinflows into the economy in the Czech Republic.

In this article, we will take a detailed look at why you should choose the economics field, in which universities you can obtain this specialty, the admission requirements, and much more.

Why you should choose an economic education in the Czech Republic

An economic institute or faculty is not only about the specialty 'economist.' After graduating from the university, you can work in banks, consulting agencies, financial institutions, and various companies. Managers, logisticians, marketers, financiers, accountants, auditors, business analysts, human resources specialists — you can apply for all these specialties with a degree in economics. All these professions are well-paid and in demand in the Czech Republic.

One of the main advantages of studying in the Czech Republic is free education in the Czech language. It is also necessary to consider other benefits.studying abroad: a Czech diploma is recognized in more than 50 countries worldwide, including EU countries, the USA, and Canada. In most of them, you can confirm your education without much difficulty and work in the country that suits you best. It is a safe and very beautiful country where you want to live and work.

Also important: in the Czech Republic, a student has the right to legalwork during studies. Working hours should not exceed 20 hours per week. You can earn extra money, for example, as a bartender, salesperson, or waiter. As a rule, students start working in their specialty after the 3rd year.

The best economic universities in the Czech Republic

There are about 70 higher education institutions in the Czech Republic, 26 of them are public. Only one of them is specialized and teaches mainly economics — the Prague University of Economics. But that does not mean there is no choice. Economics faculties exist in almost all major universities. Some of the best options for admission are considered to be the following universities:

Prague University of Economics

It was founded in 1953. Today it is the largest university in the field of economics, business, and information technology. About 14,000 students study here — from undergraduate to doctoral and MBA programs.

The university consists of six faculties: the Faculty of Accounting, the Faculty of International Relations, the Faculty of Administration, the Faculty of Informatics and Statistics, the Faculty of Economics, as well as the Faculty of Management in Jindřichův Hradec.

The university has strong international programs. Thanks to them, the university is accredited by EQUIS — one of the main systems for assessing the quality of business education. The university ranks 50th in the ranking of the best business schools in Europe according to The Financial Times (2020).

It is not surprising that among the graduates there are many famous personalities, for example, Václav Klaus, the second president of the Czech Republic.

Charles University

Founded in 1348, it is the oldest university in Eastern Europe. It has 17 faculties. They are located in Prague, as well as in the cities of Plzeň and Hradec Králové. More than 50,000 students study at the university, 11,000 of them are foreigners. That is why the university offers many programs and fields of study, including economics in English.

You can pursue economic specialties at the Faculty of Social Sciences. This faculty was founded in 1990 and is considered one of the most modern within the university's structure. Economic fields taught here include: economics,finance and management, international economics, economic policy, as well as programs related to socio-economic analysis.

Masaryk University

This is a modern university that actively implements modern technologies in education. The university uses its own information system, IS MU — one of the most advanced university online platforms in Europe. Through it, education takes place, work is submitted, communication with teachers occurs, and the educational process is administered.

The university pays great attention to international cooperation: it works with prestigious foreign universities and research institutions, and participates in exchange programs such as Erasmus+.

Masaryk University is one of the leading research universities in the Czech Republic. It includes 10 faculties, among them the Faculty of Economics and Administration. World-class research centers operate here, such as CEITEC. The university actively publishes in international scientific journals and participates in major European projects.

Which specialties can be chosen

If you have decided to choose the economic direction, then in addition to the university, you should take the choice of specialization seriously. There are several options in total:

• EconomyThis is a general specialty within which the functioning of markets, money, and resources is studied. Graduates work as managers, economists, and consultants. To study economics, you can choose almost any university that has an economics program.
• FinanceThis field is related to money management, investments, banks, and financial flows. This specialization is ideal for working in banks, investment funds, or as a financial analyst. You can acquire this profession at the Higher School of Economics in Prague.
• ManagementHere you will learn to manage companies, teams, and business processes. Suitable for those who want to lead or start their own business. You can study management at Masaryk University or Palacký University.
• MarketingAimed at promoting and selling goods and services, as well as advertising and consumer behavior. With a marketing degree, graduates can work in advertising, the digital sphere, analytics, branding, and in companies engaged in promotion. The program can be taken at Tomas Bata University or the Higher School of Economics in Prague.
• International businessHere you will learn to conduct business between countries with practical experience in international companies. This specialty requires language skills — at a minimum, English is needed. In some programs, German or Spanish is additionally studied. You can study international business at the Higher School of Economics in Prague.
• Business AnalyticsRelated to data analysis and making decisions based on numbers. Suitable for those who want to make forecasts and help businesses make decisions. Training is available at the Czech Technical University.

The language of instruction is Czech or English

If you want to geteconomic education in the Czech Republic, then we have great news for you — you may not have to pay for tuition at all. The fact is that higher education at public universities in the Czech Republic is free for everyone: both for citizens of the country and for foreigners. But there is a catch — all free programs are available exclusively in Czech. If you successfully pass the entrance exams and can speak Czech fluently at a level no lower than B2, you will not have to pay for your studies.

There are also opportunities for foreign studentsprograms in English.Their advantage is that if you know English well, you do not need to learn Czech, and upon completion of your studies, you will also receive an EU diploma. But there is a downside — such programs are paid. For example, at Masaryk University in the English-language 'Economics' program, the tuition fee is about 100,000 crowns per year, which is approximately 4,100 euros. At the Prague University of Economics, the cost is higher — about 5,000 euros. The requirements for English proficiency are at least B2 level (often confirmation with an IELTS or TOEFL certificate is required).

Admission requirements

Upon admission touniversities of the Czech Republic on the economythe following conditions should be taken into account:

• Certificate — it is necessary that you have finished school or have a diploma of graduation from a college or lyceum.
• Nostrification — your certificate or diploma must be nostrified, that is, recognized in the Czech Republic as equivalent to a local educational document.
• Exams — it is necessary to successfully pass entrance exams in Czech or English. As a rule, the Faculty of Economics requires passing mathematics, logic, and English.
• All admission documents must be filled out correctly and submitted on time within the established deadlines.

Only after fulfilling these conditions and successfully passing the entrance exams will you be able to study at the university you have chosen.

Entrance exams

To enroll in economics in the Czech Republic, you need to pass entrance exams, and in most cases, they include several key sections.

• The math test checks basic school knowledge: algebra, percentages, functions, and simple data analysis problems.
• Logical thinking is most often a test like SCIO (OSP), which assesses the ability to analyze information, work with texts, and draw conclusions.
• English — most often encountered in fields where English is actively used in education, for example, international relations.
• Possible options without exams are rare, but they do exist in the form of admission based on a high school diploma with a high average grade.

Cost of tuition and accommodation

To set an approximate budget for a student's living and studying in the Czech Republic, it is necessary to take into account a number of factors: where they will live, whether they will cook for themselves or eat in the cafeteria, lead an active lifestyle or spend all their free time studying or working part-time. In this table, prices are indicated on average, assuming a normal lifestyle without unnecessary expenses, but also without extreme saving.

Step-by-step plan for admission

So, you have decided to study economics in the Czech Republic. To do this, you need to follow the following plan:

1. Choosing a program. Decide on the program you want to study. For example, management or finance. Find universities that offer these programs and familiarize yourself with their admission requirements.
2. Language preparation. If you want to get a free education in the Czech Republic, then you need to learn the Czech language. If your goal is to study in an English course, then you need to prepare your English language skills.
3. Documents. Gather all the papers required by the university you have chosen. Also, complete the attestation nostrification — this is an important document that is necessary regardless of the university selected.
4. Submitting an application. Complete all the necessary documents and submit the application within the established deadlines.
5. Exams. Pass successfullyentrance examsto the specialty you have chosen.
6. Visa.After successful admission, you will be able to obtain a long-term student visa to study in the Czech Republic.

Prospects after graduation

After graduationeconomic university in the Czech RepublicA multitude of prospects opens up before you.

• You will be able to work successfully in the Czech Republic in prestigious firms and organizations — from banks and large holdings to small companies and private businesses.
• Education in the Czech Republic on the economyopens up the opportunity to work in international companies, as diplomas from Czech universities are recognized in many countries around the world.
• High-quality education, modern teaching methods, and a large amount of practice allow you to find a good job immediately after graduating from university. Sometimes competent specialists are invited to work even during the final years of university.
• A European diploma gives the opportunity to earn a European-level salary and feel secure about the future.

Assistance with admission

If you dream of studying abroad but do not know how to solve a number of important issues, such as collecting documents, preparing for entrance exams, learning the Czech language, and many organizational matters, MedStudy will help you.

We prepare applicants for successful admission to public Czech universities. Their programs in the Czech language are free even for foreign students. Economics, medicine, engineering, and many other fields. We help with solving difficulties with documents, application processing, nostrification, and other important stages of admission.

Thanks to us, the applicant will be able to prepare for exams efficiently and effectively and go through the entire admission process with more confidence. We will help with choosing a direction and a university that suits you specifically, based on your needs, goals, and capabilities.

With MedStudy, you or your child can become a student at a Czech university, studying in one of the safest countries in Europe with a developed economy and a high level of education.

Contact MedStudy for consultation and assistance with admission to the Czech Republic.