Rajk College for Advanced Studies is an educational institution offering advanced courses in the fields of economics, business and social sciences. The College is a self governing community of about 100 selected students living together. It was founded in 1970 by the students of the Corvinus University of Budapest, with Attila Chikán as its first principal. It is the oldest existing institution of the kind in Hungary, giving a model to a number of later colleges in Hungary and abroad, such as the Bibó István College for Advanced Studies in Hungary or the Mikó Imre College for Advanced Studies in Romania. The college was named in 1974 after László Rajk, a leading Hungarian Communist, who was proclaimed an enemy of the regime and executed in a show trial in 1949. The idea behind the naming of the college was to express criticism towards the system at the time. In December 2018, the college dropped László from its name.