The college was named in 1974 after László Rajk, a leading Hungarian Communist, who was proclaimed enemy of the regime and executed in a show trial in 1949.

These cover a wide range of topics, mostly contemporary issues in economics and social sciences or relevant global or Hungarian problems.

A large proportion of prominent personalities of Hungarian economic and business life, both academics and decision-makers, regularly give lectures at the college.

Many of the College graduates continue their studies for PhD, MA, or MBA at American and Western European universities, recently at Harvard, Stanford, MIT, Oxford, LSE or Barcelona.

These are about topical issues, varying from economic theory questions to current social problems of Hungary and Europe.

It is given annually to an outstanding scholar in exact social sciences whose works have had substantial influence over a long period of time on the studies and intellectual activity of the students of the college.

It is given to scholars whose scientific achievements have helped with the understanding or solving of practical business problems and inspired the students of the college.