It pays to apply early!

Show your pioneering spirit and apply early for the start of our Executive MBA programs! With our Early Bird Bonus, we offer applicants financial support for their early application for the start of our programs in the winter term 2024.

The Early Bird Bonus reduces the regular course fee by EUR 2,000.00 and:

Take your chance & be an Early Bird! Between April 15 - June 16, 2024

The Early Bird Bonus will be automatically deducted from the course fee for all complete applications received between April 15 - June 16, 2024 upon admission to the MBA program!

For the upcoming winter term 2024/25 we are offering 2 part-scholarships for the following Executive MBA programs:  Advanced Technologies & Global Leadership, Innovation, Digitalization & Entrepreneurship, Strategic Management & Technology, General Management and Mobility Transformation:

  1. Women in Leadership Scholarship: We endeavor to offer in particular women in business support & encouragement for their individual postgraduate training. The Women in Leadership Scholarship is designed to help suitable candidates progress in a professional context in particular  >> we offer a -30% reducation off the regular tuition fee for the awarded candidate!
  2. Future Leaders Scholarship: For the aspiring management of tomorrow >> we want to push future leaders in their career achievements & bring a financial push when needed >> we offer the most suitable candidate a -25% reduction off the regular MBA tuition fee!

Before applying for a scholarship at TU Wien ACE please be aware of the admission requirement for the Executive MBA programs!

What we need:

Next to your "regular" documents for our Executive MBA application we need further details for the scholarship application:

  • Letter of motivation with reference to the professional situation, idea for further development and detailed justification for the need for the scholarship & your planning in financing the rest of the MBA fee
  • Proof of financial need for the scholarship (payslip)
  • Letter of recommendation from a (former) employer

must be received in full between May 13 - June 16, 2024 via e-mail to mba@tuwien.ac.at (e-mail subject: "XY scholarship + MBA title").


Procedure of the application:

  • After the application deadline, an internal screening of all documents will be carried out by the program team and management team.
  • Candidates who are awarded a scholarship will be contacted in writing by July 3, 2024 at the latest.
  • After the confirmation of the scholarship the chosen applicant will receive all participant & payment agreement documents directly.
  • Legal recourse is excluded, all application documents will be treated in strict confidence.
  • The deductible is the remaining amount, less the respective reduction, of the regular participation fee of the respective MBA program (plus travel and accommodation costs and costs for obligatory field trips and study trips).

Important Notes & Regulations:

  • In order to receive a scholarship, all necessary application documents must first be submitted on time. Please note the respective deadline mentioned above!
  • Scholarships are only awared to self-paying applicants; current participants & current applicants are excluded from (re)applying for a scholarship. 
  • TU Wien ACE does not award full scholarships! 
  • Scholarships cannot be combined with other discount campaigns

Depending on the Executive MBA program, the tuition fee ranges between EUR 24,400.00 and EUR 32,900.00 (VAT-free). This investment includes courses, required course materials such as literature and case studies, and coffee breaks. Not included are travel, accommodation and catering costs. For MBA programs that include modules abroad, additional costs apply (not included in the modules abroad are individual travel expenses and costs for board and lodging).

Graduates of the TU Wien / TU Wien alumni club members receive a discount of 10% on the course fee.

Further education doesn’t only mean investing time but is also a financial investment in your future. In order to support you in this, we have put together as comprehensive an overview as possible of various financing options for further training activities.

We have prepared an overview of various financing options such as educational leave, part-time education, education loans and education funds, as well as a comprehensive overview of national and international funding for employees and entrepreneurs. We have also compiled information on subsidies for Austrian companies here.

 

Payment in installments

The course fee can be paid separately in up to four installments. Attention: an additional surcharge for each installment payment will be added . The payment in installments gives participiants the opportunity to deduct the course fee from your taxes over a period of 3 years. For more details please contact our program team.

In Austria, employees can claim the expenses for vocational training and further training as income-related expenses within the scope of employee assessment. Depending upon height of the income up to 50% of the costs of further training are refunded. Self-employed persons have the opportunity to declare expenses for further training as business expenses in their income tax return.
For companies, training costs as business expenses reduce the taxable base. In addition, either a training allowance in the amount of 20% of the training costs or a training premium in the amount of 6% can be claimed.
Further information on tax deductibility and tax advantages for employees and companies can be found here. For specific information, please contact your tax consultant or the Federal Ministry of Finance.

* despite careful research, no responsibility can be taken for the accuracy of the information provided.

Financing MBA
Financing MBA 2