faculty of economics of Humboldt University of Berlin, obtaining a PhD, and eventually he put himself through the faculty of political science at the University of Oxford, earning a doctorate in political science. At first, he became acquainted with the practical issues of the public administration at the Ministry of the Interior. He had done several studies on agricultural issues that were published in the Budapest Review. After serving 1 year as a volunteer hussar in the Royal Hungarian Honvéd army; where he got promoted to the rank of hussar officer, he settled in Bihar County and took an active part in the political and economic life of the county as a committee member and honorary chief notary of Bihar county. Political career Tisza as a member of parliament After overseeing his family estates in Bihar County and Geszt for five years, he decided to pursue a career in politics. He won his first parliamentary electoral mandate in 1886 with the Liberal Party in Vízakna (Now: Ocna Sibiului, Romania), a Transylvanian electoral district that he represented until 1892. Subsequently, he won his second seat in 1892 as a representative of Újbánya district (Now: Nová Baňa, Slovakia). In 1896, he won the seat of Ugra district (Now: Ungra, Romania). Meanwhile, he also became a member of the economic committee of the Hungarian parliament, where he was engaged in conferring about macroeconomic issues. In the 1890s, having capitalized on a phenomenon that was prevalent among prestigious European politicians at that time, he held a number of sinecures, which thereby provided extraordinary income to him. He was the president of the Hungarian Industrial and Commercial Bank (Magyar Ipar- és Kereskedelmi Bank); and, besides, he took on positions on numerous corporate boards, e.g., on boards of numerous joint-stock companies and industrial enterprises. In the face of the financial crisis of the 1890s, many of these enterprises became the fastest emerging companies of the country under his lead; some of them could even become inevitably important enterprises in their own sectors. As a result, the mediocre Hungarian Industrial and Commercial Bank was transformed into the largest Bank of Hungary in a decade. His uncle, the childless Lajos Tisza received the title of Count from Emperor Franz Joseph in 1897. However, Lajos Tisza conferred his new title upon his nephew Stephen with the consent of the Monarch, on 16 February 1897. Prime minister for first time,