Description of verification and evaluation criteria:
In addition to the application form, every applicant needs to provide the following documents:
a) A copy of a diploma to show at least completed Bachelor studies or confirmation that ongoing Bachelor studies will be completed in the current academic year
b) Transcript of records and academic results from previous studies
c) Structured CV
d) Motivation letter
e) Document showing the level of English proficiency
f) Document showing the level of Analytical skills.
Ad a) Confirmation of studies may be substituted with a transcript of records, provided that these are from the same academic year as the application.
Ad d) The recommended length of the motivation letter is approximately 2 000 characters, including spaces.
Ad e) Applicants should provide a certificate from one of the following standardized tests:
- IELTS Academic - the minimum required overall band score of 6.5, with band score 6.0 or above in all four components;
- TOEFL Internet-Based Test (iBT) & TOEFL iBT Home Edition - the minimum required overall score of 83, with a minimum scaled score in the four sections: reading 21, writing 22, listening 20, speaking 20;
- Cambridge ESOL FCE - minimum Cambridge English Scale Score of 180;
- Cambridge ESOL CAE and CPE receiving a certificate.
A standardized English test is not required from applicants who:
- are native English speakers;
- have studied in English at the secondary school level for at least two years;
- have studied in English at the university level for at least one year;
- have worked for at least one year at a company where the language of communication was English.
When a score from an English-language test is not presented, the applicants should provide a certificate/official letter of their use of English during their prior studies or employment to support their claim. The certificate/official letter should contain contact information (an email address and a telephone number) to a person (a program director, high school counselor, or an employee supervisor) who has observed your ability to write and communicate in English and can confirm the scope of the use of the English language in the program or employment.
Ad f) Applicants should have good analytical quantitative skills with sufficient background in mathematics and statistics. Applicants should have studied at least two terms of Bachelor level mathematics. Prior knowledge of economics or finance is an advantage but it is not required. Applicants should be familiar with the following topics of calculus and linear algebra: functions, limits, derivatives, partial derivatives, optimization techniques, and matrix algebra. They should have an introductory-level understanding of probability distributions, hypothesis testing, linear regressions, and the OLS estimation method. Applicants should have at least basic experience with statistical software applications.
Applicants’ analytical and quantitative ability is best demonstrated by the GRE tests, GMAT tests, orsyllabi showing relevant subjects to have been completed, and listed in a summary of academic results.
All documents which are not originally in Czech, Slovak or English must be officially translated into English.
The admissions committee will assess applicants on the basis of the submitted documents. Firstly, the documents proving English proficiency are examined for the level required for study. Only those applications that fulfill the requirements for English proficiency are assessed further by the admissions committee and given a ranking from 0 - 100 points. The following criteria will be evaluated: (i) previous education - quality of the university (international university rankings), the relevance of the study program, applicant's grades (0-30), (ii) quantitative skills - passed courses in Mathematics, Statistics, and Econometrics, grades in these courses, scores from GRE or GMAT tests if available (0-30), (iii) motivation for choosing this particular program (0-30), (iv) language proficiency (0-10). The point limit for accepting applicants is set by the Dean with respect to the number of applicants and the capacity of the programme.