Specialization in Sustainable Management and Governance

Tuition fees and payment structure

There are different types of scholarships, grants and reductions 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, if applicable. 

Scholarships, grants and loans for future MU students

Amount:

Bachelor: €9,000 for three year program, €14,000 for four year program

Master of Science: €8,000 (Please note: Cannot be combined with the MSc Merit Grant)

MBA: €7,000

Eligibility: All applicants who have a high chance to successfully integrate in the Austrian labor market upon graduation, i.e. Austrian citizenship holders or Non-Austrians who have lived in Austria for at least 3 years.

Application format: no application required

 

 

Amount: €4,000

Eligibility: All Tourismusschulen MODUL graduates (High school and ICHM) who apply to one of our Bachelor study programs.

Application format: no application required

Please note: This reduction cannot be combined with the Tourism and Business School Graduate Reduction

Amount: €2,500

Eligibility: All applicants who graduated from a high school with a specialization in tourism or business, and who apply to one of our Bachelor study programs.

Application format: no application required

Amount: €5,000

Eligibility: All applicants for a Master of Science study program with a 80% and above Bachelor study performance are eligible to receive a reduction of €5,000 to their tuition fees.

Application format: no application required

Please note: This grant cannot be combined with the Vienna Chamber of Commerce Scholarship.

Amount: 20% off the total tuition fees

Eligibility:

a) sibling of current student applies to MU Vienna

b) siblings apply for the same study intake (reduction is only given once)

This reduction is not related to a study program and can be combined with other reductions.

Application format: no application required

PhD candidates who submit a research proposal regarding one of the following topics may also apply for a scholarship:

  • Sustainable Tourism and Sustainability of Tourism
  • Social Entrepreneurship and Investment
  • Technology-based Observation and Forecasting of Economic and Societal Trends
  • Sustainable Consumer Behavior
  • Sustainable Management and Leadership
  • Sustainable Governance, Social Sustainability and the Well-being of Societies
  • Digital consumers and Service Innovation

Successful applicants will be granted a substantial reduction or even a scholarship up to 50% of the tuition fees of €45,000.

To learn more about the scholarship opportunity click here.

Scholarships and grants for current MU students

MODUL University grants also Merit Scholarships funded by the Ministry of Science, Research and Economics 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 (the strict ECTS requirement may be relaxed for those students who are close to finishing their studies and only have a few courses left to take and/or for those students who were on study exchange 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.

AND

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. *

AND

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. Students can apply for either a Leistungsstipendium or a Förderstipendium, but not for both at the same time.

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 €11,000 tuition for the entire program (excl. Early Bird Reduction).  (*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).

Amount:

Applicants for a Master of Science program: €2,000

Applicants for the MBA program: €4,000

Eligibility: All applicants who graduated from a Bachelor study program at Modul University Vienna.

Application format: no application required

Amount: €1,000

Eligibility: 3 yr. BBA & BSc: 130 ECTS + 80% overall average grade or above; 4 yr. BBA: 180 ECTS + 80% overall average grade or above

Application format: no application required

This scholarship is awarded to students who contribute to the University’s goal of making a positive sustainability impact. Two types of application are considered: Thesis & Research Proposals as well as Project Proposals. Applications should ideally incorporate all three sustainability pillars by addressing relevant environmental, social, and economic considerations.

Thesis & Research Proposals:

MU commits itself to promote research in the area of sustainability conducted by the student base and joint research groups in collaboration with the faculty and awards thesis and other research proposals submitted by current undergraduate (BBA and BSc), graduate (MBA and MSc), and PhD students (research proposals only) from all study programs at MU.

Funding amount

Each submission received will be judged on its merits by the MU Merit Scholarship Committee in consultation with the MU Sustainability Committee and may be funded an amount of up to €1,000. The funding amount is composed of an award (only for thesis proposals) as well as a compensation for research expenses incurred. Award and/or compensation will only be provided after the (thesis) research has been successfully conducted.

If the thesis or research project incurs explicit costs, the scholarship is able to provide a compensation for such expenses, which may include costs related to data collection, travel to conferences (e.g., AIEST Early Career Workshop, BEST-EN Think Tank, Hyatt Student Prize, Hult Prize, IATE PhD Workshop, IFITT PhD Workshop, ISCONTOUR, World Conference of Graduate Research, etc.), publishing, etc.

Submission guidelines

Proposals should be between 1,500 and 4,000 words in length and of a high academic standard. Submissions should provide a timeline for the research project and if applicable, explicitly state the amount of money requested and specify the purpose(s) for which it would be used. 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.

For thesis submissions, the research proposal in accordance with the curriculum relevant to the applicant has to be submitted instead, along with an acceptance statement of the research proposal by the thesis supervisor.

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. In case of awarded thesis proposals, the results of the research need to be presented.

Evaluation criteria

The main criterion against which submissions are evaluated is their contribution to fostering sustainability. As such, submissions should outline the nature of the research or thesis project – including the research questions – and should highlight the foreseen environmental, social, 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.

Furthermore, an assessment of the plausibility of research expenses will be conducted if compensation of research costs has been applied for.

Application

Applications can be submitted at any time; the committee will take decisions on a rolling basis.

Submissions should be sent to Ulrich Gunter (ulrich.guntersymbolmodul.acpunktat).

Thesis topics of particular interest

While students can submit their own thesis proposals, they are also invited to submit proposals for specific thesis topics MU is particularly interested in due to their high sustainability value. In any case, the research proposal prepared during the thesis supervision process has to be accepted by the applicant’s thesis supervisor before applying for this scholarship. The MU Merit Scholarship Committee in consultation with the MU Sustainability Committee decides on the general eligibility of the thesis topics upon request of a faculty member.

Please find the list of sustainability thesis topics including the appropriate university level, as well as the faculty member acting as the envisaged thesis supervisor below. Please also note that this list is not exhaustive and that new topics may be added over time.

Thesis topic

University level

Thesis supervisor

Using Blockchain technologies for sustainability

Graduate

Horst Treiblmaier

The environmental awareness of companies from their employees' perspective

Undergraduate / Graduate

Christian Weismayer

How sustainable is ecotourism in developing countries?

Undergraduate / Graduate

Ulrich Gunter

The sustainability impacts of animal-based agriculture, and alternative sources of human nutrition

Undergraduate / Graduate

David Leonard

The sustainability impacts of debt-based monetary systems, and alternative solutions

Graduate

David Leonard

The impossibility of continuous economic growth in a finite world, and alternative development paths

Undergraduate / Graduate

David Leonard

Sustainable Finance - The role of corporate social responsibility and impact for firms and investors

Undergraduate / Graduate

Karl Weinmayer

Consumer scapegoatism

Undergraduate / Graduate

Ivo Ponocny

 

Project Proposals

MU continuously advances its goal of becoming a more sustainable university and promotes collaborative projects with the student base to further this ambition. The scholarship awards implementable project proposals submitted by current undergraduate (BBA and BSc), graduate (MBA and MSc), and PhD students from all study programs at MU.

Funding amount

Each submission received will be judged by the MU Merit Scholarship Committee, in consultation with the MU Sustainability Committee, and may be awarded an amount of up to €1,000. In case a faculty or staff member of MU is substantially involved in carrying out a project proposal and in supervising the applicant, they may be awarded the “Employee Sustainability Award”, thereby receiving a one-year public transport ticket (Jahreskarte) for Vienna.

Submission guidelines

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 10 min, and alternative formats should be of a comparable length.

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.

It must be legally and financially feasible to implement the idea at MU. Submissions should include detailed guidelines for implementation of the project, including cost calculations where appropriate, and applicants should contact those people relevant to implementation of the project in order to assess its feasibility.

Evaluation criteria

The submissions will be assessed according to the quality of the application, creativity/innovativeness, degree of feasibility, and sustainable impact. Once announced, winner(s) are required to present their idea to faculty, staff and invited students.

Application

Applications can be submitted at any time; the committee will take decisions on a rolling basis. For project ideas of particular interest, applicants are advised to get in touch with the MU Merit Scholarship Committee.

Submissions should be sent to Ulrich Gunter (ulrich.guntersymbolmodul.acpunktat).

 

History

The Scholarship of Hope was originally founded by Prof. Daniel Fesenmaier 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.

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, 2019.

Please note: Prospective students cannot actively apply for the graduate assistantship program, but get selected by the Dean.

Amount: €24,000

Eligibility: MU Vienna Bachelor graduate applying for a MSc program at MU Vienna.

Overview: This scholarship is awarded to one student who has the highest academic record of all graduating students (from all Bachelor study programs) in a particular academic year.

Application format: no application required

Further resources for financial assistance

Fund of Excellence – Student Funding Program from Erste Bank Österreich Funding Program: https://fundofexcellence.com/students/

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 research grants: www.grants.at

If you have any questions regarding the scholarships, please don't hesitate to contact our Admissions Department at admissions@modul.ac at, tel. +43 (1) 320 3555 202.