Founded by Franz Liszt himself, the academy was originally named the "Royal National Hungarian Academy of Music" and later the "College of Music" from 1919 to 1925. Its current title, honoring its founder, was adopted in 1925.

The academy's origins trace back to Liszt's home, later relocating to a Neo-Renaissance building on Andrássy Avenue in Budapest between 1877 and 1879, known as the "Old Academy of Music." The building, now the "Ferenc Liszt Memorial and Research Center," was repurchased by the academy in the 1980s.

Renowned as Hungary's premier music university since its inception, the academy recently expanded with the establishment of an independent Folk Music Faculty. The Franz Liszt Academy of Music stands not only as a tribute to Hungary's rich musical history but also as a vibrant hub for the nation's ongoing musical legacy.

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