The MODUL University Vienna Scholarship Program consists of industry partners who provide a limited number of prestigious awards for outstanding students. There are different types of scholarships having different application procedures - some are awarded solely on consideration of the original application, while others require you to submit additional material. If you are interested in being considered for a specific award, please make sure you read the instructions carefully and follow the required procedure. Please note: Most MU Vienna scholarships require accepted students to submit a separate scholarship application. They are only available to candidates who completed the application procedure and who have been offered a place in one of the study programs.
Scholarships open to all applicants
|Vienna Chamber of Commerce Scholarship||varies||Applicants with an outstanding profile which is of high value for the Austrian labor market; Bachelor & Master of Science only|
|Early Bird Reduction||€1,000||All applicants|
|Graduate Assistantship||up to €8,000||All MSc applicants|
Scholarships by nationality/residency
|Saudi Arabian Cultural Bureau Grants||individual||Saudi Arabian citizenship|
|Michael Häupl Foundation||up to 100% of tuition fees||Applicants for the Bachelor & MSc programs living in Vienna|
Scholarships and reductions for MU students
|MSc Scholarship for Dean´s List Award Recipients||€18,000||Students who have been named to the Dean’s List twice during their MU Bachelor career. Time validity of this scholarship: MU graduate studies must be commenced within 5 years of the date of graduation from MU Bachelor studies.|
|MSc High Potential Grant||€1,000||3 yr. BBA & BSc: 130 ECTS + 80% overall average grade or above; 4 yr. BBA: 180 ECTS + 80% overall average grade or above|
|MODUL Alumni Grant||€4,000||Graduates from an MU study program who continue their education at MU|
|Merit Scholarships||varies||All MU students|
|Study, Research and Mobility Grants||up to €3,600||All MU students|
|Scholarship of Hope||up to €1,500||All MU students|
|Scholarship for Undergraduate Valedictorian Award||€24,000|
MU Bachelor valedictorian
Detailed information on scholarships and funding opportunities
We are pleased to announce that the MHFF performance-based student loan is now open for application for Bachelor and Master of Science programs at MU Vienna!
All applicants must be registered in the city of Vienna for at least two years, regardless of nationality, and must provide proof of financial need.
The performance-based loans are designed to recognize and reward students' hard work and commitment, and have a repayment schedule based on academic performance. After completion of the study program, your total average grade will be used to determine the outstanding loan amount.
The better your academic performance, the less you pay back. If you are an excellent student the reduction can be up to 100%.
For detailed information about this option to cover the tuition fees please click here.
The MODUL University Vienna Merit Scholarships are granted to currently enrolled students in all programs on the basis of academic excellence and extracurricular involvement. According to Austrian StudFG, there are two types of Merit Scholarships: Leistungsstipendium and Förderstipendium, whereby the Förderstipendium is foreseen for financing expenses that may arise for finishing a thesis that is expected to be of excellent quality. These expenses particularly include those for: accommodation, travel, conference/workshop participation, literature, and printing.
Applications for the Merit Scholarships can be submitted within the application period from December 1st until December 15th.
The Merit Scholarship Committee (MSC), consisting of two faculty members and one student, evaluates applications and proposes grant recipients to the Term Conference for a final decision. Currently, the chair of the MSC is Ulrich Gunter.
Eligibility- who can apply?
To be considered, students must fulfill criteria in three areas. Students are eligible if
- For BBA and BSc applicants, they have completed a minimum of 60 ECTS (spring intake students: 54 ECTS) during the previous academic year,
- For MSc and PhD applicants, they have completed all required courses in their curriculum that were offered by the University during the previous academic year,
- For MBA applicants, they have completed 69 ECTS (part-time students: 34 ECTS) (including transfer credits) during the previous academic year.
if they have a weighted average grade of 90% or higher based on the grades of their mandatory courses taken at MODUL University (excluding internships) during the previous two semesters. *
if they prove that they have taken part in extracurricular or community activities during their studies at MU, such as additional work experience, committee work, serving as a student representative, community/volunteer involvement, participation in on-campus and off-campus university activities and or other such contributions.
The federal ministry restricts these merit scholarships to only those students holding an EU passport.
Amount and number of grants
The number of grants per stage and their amount will depend on the amount of money available per academic year. The available amount of money for each stage and academic year will be fixed together with the university budget for the forthcoming academic year and will be allocated to all awarded students depending on their individual performance.
How and when to apply
For a Leistungsstipendium, applicants must submit:
A motivation letter indicating why the applicant merits consideration,Confirmation documents regarding additional activities and social engagements (recommendation letters, confirmation letters, etc.), transcript of grades.
For a Förderstipendium, applicants must submit in addition:
· An abstract of their thesis including a budget plan proposal (students must later present evidence that their actual expenditures were consistent with their proposal) and a proposed time schedule,
· A recommendation letter of the student’s supervisor including a confirmation of the student’s budget plan proposal as well as a statement if the thesis is expected to be of excellent quality.
Applications (letter and supporting documents) are submitted to the Program Manager in the Academic Office, which forwards them to the Merit Scholarship Committee (MSC). Students must apply by December 15th. The award will be granted before March 31st. Decisions by the MSC are published in the showcase next to the Academic Office.
* Please note: For courses with group assessments, students may request that the grades for one of these courses per semester be excluded from the average grade for the scholarship period (previous academic year). This can be requested for a maximum of 1 course per semester for each scholarship period.
Students who have been named to the Dean’s List twice during their MU undergraduate career will receive a scholarship for MU’s MSc program and only pay €6,000 tuition for the entire program. (*The alumni grant or other MU scholarships cannot be used in conjunction with the Dean’s List MSc Scholarship.)
Dean's List award requirements:
Students must earn a minimum of 24 ECTS or more during a semester at MODUL University. Students need a GPA of 90% or above and cannot have earned a final grade below 80% in the respective semester. Only courses at MODUL University qualify in the GPA calculation. Only first attempts will be counted (if a student fails a course the first time and then retakes it, it will not be taken into account).
This scholarship is awarded to students who submit proposals aimed at making a positive sustainability impact.
Two types of proposals are considered: Research Proposals and Project Proposals.
All current undergraduate, graduate, and PhD students from all study programs at MODUL University may apply for funding to assist them in covering their research costs. Such expenses may include costs related to data collection, travel to conferences, publishing, etc., and could arise in relation to a thesis work or other research project. The main criterion against which submissions are evaluated is their contribution to fostering sustainability. As such, submissions should outline the nature of the research – including the research question – and should highlight the foreseen social, environmental and economic impacts of the research in concrete terms; it is advantageous to discuss how and where the research findings will be implemented and/or communicated in order to achieve these impacts.
Submissions should explicitly state the amount of money requested, specify the purpose(s) for which it would be used, and provide a timeline for the research project. Justification should be provided as to why this methodological approach is superior to other/cheaper alternatives. Efforts to co-finance the research through other sources are appreciated.
Applications can be submitted at any time, yet the committee will take decisions on two dates each year: April 15th and October 15th.
Each submission received will be judged on its merits by the Merit Scholarship Committee in consultation with the MU Sustainability Committee, and may be awarded an amount of up to €1,000. Proposals should be between 1,500 and 4,000 words in length and of a high academic standard. Recipients are required to present their research project to faculty, staff and invited students, and must later present evidence that their actual expenditures were consistent with their proposal.
Submissions should be sent to Ulrich Gunter (firstname.lastname@example.org).
The whole MU community – all current students, staff, faculty and alumni – are eligible to submit a proposal for an innovative project that could be implemented at MU in order to advance the ongoing goal of becoming a more sustainable university.
1) The idea must relate to the concept of sustainability. Submissions should first identify an existing problem, then describe the project and explicitly state the social, environmental and economic impacts of the project.
2) It must be legally and financially feasible to implement the idea at MU. Submissions should include detailed guidelines for implementation of the project, including costings where appropriate, and applicants should contact those people relevant to implementation of the project in order to assess its feasibility.
3) The format for submission is open and creativity is encouraged. Written proposals should be between 1,500 and 4,000 words in length and of a high academic standard, video submissions should not exceed 10mins, and alternative formats should be of a comparable length.
4) Once announced, winner(s) are required to present their idea to faculty, staff and invited students.
Applications can be submitted at any time, yet the committee will take decisions on two dates each year: April 15th and October 15th.
Each submission received will be judged according to the quality of the application, creativity/innovativeness, degree of feasibility, and sustainable impact by the Merit Scholarship Committee, in consultation with the MU Sustainability Committee, and awarded an amount of up to €1,000. Submissions should be sent to Ulrich Gunter (email@example.com). At the discretion of the awarding committee, in consultation with the MU Sustainability Committee, additional funds may be made available from the Scholarship of Hope fund for the implementation of projects which are deemed to be of significant value to the university and which are unable to gain funding from other sources.
This scholarship was originally founded by Prof. Daniel Fesenmaier of Temple University, USA, to stimulate students to come up with original and innovative tourism development strategies. Currently, the scholarship is funded primarily by donations from faculty of revenues from research projects, as well as generous donations of lecture and speakers’ fees from external lecturers visiting MODUL University Vienna.
Eligibility: Open to all incoming students
Overview: Bachelor and MSc students who pay the first installment of tuition fees before May 31st for the fall semester or November 30th for the spring semester will receive a reduction of €1,000 off the total study fee for the program. MBA students who pay their first installment within 30 days from date of admission. The reduction is deducted from the second installment.
Application format: no application required
Award amount: Upon individual decision by the Saudi Arabian Cultural Bureau.
Eligibility: Open to all Saudi Arabian citizens interested in enrolling in the Bachelor or the MSc in Sustainable Development, Management and Policy. Saudi Arabian citizens resident in Vienna are eligible to receive grants for all programs offered by MODUL University Vienna.
Overview: The Ministry of Higher Education of the Kingdom of Saudi Arabia offers grants for Saudi Arabians who are currently studying abroad. The allocation for students in Austria is organized by the Cultural Bureau in Vienna.
For more information, please get in touch with:
Royal Embassy of Saudi Arabia
Study, Research and Mobility Grants are intended to:
- Support research projects related to BBA, MSc or MBA theses
- Help cover travel expenses for educational purposes (conferences, travel fairs, etc.)
- Encourage mobility
MU Vienna awards Study, Research and Mobility Grants to students enrolled at MU Vienna at all stages* of the study program.
1) Application Deadline
The deadline to apply for a study grant is December 31st, every year. The award decision by the Merit Scholarship Committee will be announced three weeks after the deadline.
2) How To Apply
To apply for this grant, students are required to draft a detailed description of the project for which they hope to receive funding. This description should include a timeline** and a budget plan. In addition to the detailed description, students must also submit a letter of motivation about why funding is needed and how it will aid the project. All of this should be submitted to the Student Service Center.
In case the project is related to a specific course taught at MU Vienna, it is recommended to name at least one lecturer who can serve as a reference person to give further insights about the project and the need for support.
4) Study Grant Amount
The study grants are awarded on the basis of funds available, up to €3,600 per student. Selection criteria are the quality of the application, seniority, study achievements, and financial need. Preference will be given to research projects related to BBA, MSc or MBA theses. Please be aware that grants are awarded at the discretion of the committee.
5) After Completion
After completing the funded work/project, students are required to submit a report regarding the appropriate use of the study grant within two weeks' time to the Merit Scholarship Committee. Applicants are expected to complete the project with above-average success.
*Students may not apply for and receive a study grant in the case of academic misconduct, recorded in the student's file.
**The work to be funded does not need to be completed at the time of application, however, it must be finished within a year after the grant has been awarded.
Each year the Dean of the Graduate School of MODUL University Vienna may select up to four outstanding applicants to receive a graduate assistantship work study opportunity. All graduate applicants applying for the fall intake each year will be considered for a Graduate Assistantship unless otherwise stated in the application documents. The criteria for being awarded a Graduate Assistantship include academic excellence in previous studies and a strong background in conducting empirical research. The work-study scholarship is up to € 8,000 for the entire study program (24 months). In return for a total payment of €6,000 over a period of four semesters, the student is obliged to support MODUL University Vienna in various administrative tasks, supporting for different departments. The amount of work hours is approximately 300 per academic year, i.e. 600 hours in total. Upon satisfactory completion of the four semesters of services for MODUL University Vienna, a scholarship amount of €2,000 will be reimbursed to the student.
Graduate Assistants are required to register for at least six hours of credit each semester and are prohibited from working elsewhere in addition to the assistantship.
To be considered for a Graduate Assistantship, the full and completed application for the study program must be submitted on or before May 15th, 2017.
Please note: Prospective students cannot actively apply for the graduate assistantship program, but get selected by the Dean.
„For best Students“ - Ein Innovatives Investitionsmodell der Erste Bank Österreich
Alle EU-, EWR- und EFTA-BürgerInnen haben die Möglichkeit, sich ihre Studiengebühren ohne Bürgschaft oder Sicherheiten finanzieren zu lassen – was zählt, sind die individuellen Karrierechancen der InteressentInnen. Im Gegenzug ist "For Best Students" dann am Gehalt beteiligt.
Investitionsrahmen: 100% Studiengebühr und bis zu EUR 28.000.- Lebenshaltungskosten und EUR 5.000.- Einmalaufwand.
Das bedeutet, dass Sie nach Abschluss des Studiums und mit Beginn eines Beschäftigungsverhältnisses einen fixen Prozentsatz Ihres Gehalts für einen vereinbarten Zeitraum zahlen. Danach endet Ihre Zahlungspflicht, unabhängig davon, welche Summe Sie in diesem Zeitraum gezahlt haben.
· Die Zahlung ist an Ihr zukünftige Einkommen angepasst: Sie zahlen immer einen fixen Prozentsatz Ihres Gehalts für einen fixen Zeitraum.
· 0% Risiko bei Ihnen
· Ihr erwarteter Gehaltseinstieg nach Abschluss liegt über EUR 2.000.- brutto.
· Unsere Investition in Ihre Ausbildung verbessert Ihre Karrieremöglichkeiten.
Weitere Infos unter www.forbeststudents.com
Further resources for financial assistance
Erste Bank Österreich Funding Program (in German & English): forbeststudents.com
Additionally, the following website of the Austrian government provides general information about financial aid for students: www.stipendium.at
Also, the OeAD, the Austrian agency for international mobility and cooperation in education, science and research administers a database of scholarships and reasearch grants: www.grants.at
If you have any questions regarding the scholarships, please don't hesitate to contact our Admissions Department at firstname.lastname@example.org at, tel. +43 (1) 320 3555 202.