It was founded by a group including investor and philanthropist George Soros in 1988, and was the first school in Central Eastern Europe to offer graduate business education leading to an American MBA.
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.
Horwitch stepped down after finishing his term at the end of Academic Year 2015-16, and was replaced by Julius Horvath as Acting Dean.
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.