MBA in Austria

Introduction
Top Universities
Eligibility
Admission Procedure
Fees Structure
FAQ

MBA in Austria

MBA is one of the most sought-after programs for higher studies. There are multiple reasons behind it. MBA enhances the employability in high-end managerial jobs. It is a great option for graduates to increase their chances of employability and get into high-paying specialized roles in corporate. Today, there is no denying the fact that this is a rising trend in India. A lot of professionals opt for MBA courses in India as well as abroad. Although there are really good MBA institutions in India, a lot of students also choose to go abroad in lieu of the international exposure that MBA abroad offers. A large number of Indian students, and working professionals also choose to opt for MBA abroad because of the higher degree of exposure to big companies and corporate players.

Among the many popular MBA destinations, study MBA in Austria has emerged to be a rising trend in India and neighbouring countries in the Indian Sub-continent. Austria has some of the finest business schools in Europe that offers world-class MBA program for students and professionals. Study MBA in Austria helps professionals get good jobs and placements with lucrative salary packages. Also, there is a favourable inclination of employers towards professionals with MBA degrees from outstanding business schools in Austria. It also allows Indian professionals to get into different kinds of high paying corporate jobs and roles that are evidently career-makers. This article explores the myriad aspects behind study MBA in Austria to help young graduates and professionals in India to get into their desired Business school in Austria- one of the best places MBA today.

Study MBA in Austria: An Overview

Country	Austria
Course/Program	MBA
Program Duration	1-2 Years
Cost of program	EUR 7,200/ year
Scholarships	Available
Intake	Summer Intake: last date of application- 1^st February Winter Intake: last date of application- 1^st September
Cost of Living (Indian)	€10,000 to €15,000 annually (approx.)
MBA specializations	Business Administration, Management, Organization, Leadership, Finance, Marketing, Transport management, International Business
IELTS /TOEFL	Required
Top Business Schools in Austria	- Vienna University of Economics and Business (WU) - Management Center Innsbruck (MCI) - University of Salzburg - FH Kufstein Tirol - University of Applied Sciences Upper Austria. - Central European University (CEU).
Eligibility Criteria	- Bachelor’s degree (from recognized and accredited institution) - Work Experience - GRE/GMAT (score) - English Proficiency - Letter of Recommendation
Average post-MBA salary in Austria	€50,000 to €70,000 annually
Post-Study Work Visa	12 months work visa for job
GMAT	Compulsory in most but not all MBA programs in Austria
Medium of Instruction	English

Study MBA in Austria: Advantages of MBA in Austria for Indian Students

There are so many things that study MBA in Austria offers. One of the most unique things about study MBA in Austria is the desirable blend of high-quality education, international exposure, career prospects and high employability. Also, Austrian MBA from renowned business schools are often sought-after by employers globally. Here is a list of reasons why study MBA in Austria is a fantastic option for Indian students and how they can benefit from pursuing MBA degree in Austria.

Austria boasts of a robust world class academic structure, consisting of a chain of excellent business schools delivering coveted specialized MBA programs in a wide array of specializations and domains.
Austria also has a long list of world-class international standard business schools that admits thousands of international students every year, a major portion of which includes Indian students and working professionals pursuing MBA degree in Austria.
Austria has over 70 universities and business schools that are offering myriad MBA specializations in different domains, which makes study MBA in Austria a very lucrative prospect for Indian students and working professionals.
It is home to some of the best business schools in Europe, offering top-tier business programs in schools like WU Executive Academy and the University of Vienna.
The capital of Austria is Vienna. It is an extremely beautiful city. It is also the cultural and economic centre point of Europe. Hence, it is a city with many opportunities in the corporate sector after for MBA students.
Austria is one of the safest countries in the world. Vienna has a remarkably low crime-rate, making it one of the best destinations for higher education and for working professionals.
The average post-MBA salary in Austria for MBA graduates ranges between €50,000 to €70,000, depending upon the domain of work, the area of specialization & expertise and placement in corporate.
While GMAT or GRE has been traditionally mandator for international students to study MBA in Austria, many business schools in Austria after covid are offering MBA programs without requiring GRE or GMAT score. However, conditions are applied. A candidate’s former work experience and academic performance may be taken into account.
Austria also offers international MBA graduates a 12-month extended VISA post completion of program to search for jobs. This allows more post-study work opportunities for international graduates.
Study MBA in Austria offers students and working professionals in India to closely experience the Austrian culture as well as the European way of life closely.
Study MBA in Austria allows international students/graduates to seek job in the EU/EEA region.
Austria is part of the Schengen area which means, you can get a Schengen visa and travel to most of the parts of Europe. You can also seek jobs in a wider geographical range and a larger economy. This increases employability probability.
Austrian MBA degree is recognized globally and it is in par with international standard and follows the same structure relevant in EU.
In almost all major business schools in Austria, the medium of instruction for MBA programs is English.
German business etiquettes are renowned in the world. As MBA graduates, a candidate emerges fine-tuned in the business ethics of the day and age.
International exposure is one of the most important advantages of study MBA in Austria.
Austrian business schools offer a variety of specializations in MBA, in domains such as Business informatics, Travel & Tourism, Electronics, Education, International Business Consultancy, Social Entrepreneurship, etc.
Students can explore a plethora of MBA programs such as Global MBA, Executive MBA, Business Management, etc. Naturally, Study MBA in Austria gives you greater scope for specialization.
Austrian business school campuses are a place of innovations, discussions and discourses, international seminars and programs for exposure and industry-specific orientations.
Study MBA in Austria offers a wide array of MBA programs that are designed to equip professionals and applicants with the skills needed for global business leadership.

Study MBA in Austria: Eligibility Criteria for International Students

Getting enrolled in myriad business programs in different business schools of Austria is not a difficult task today.
Young professionals in India can now study MBA in Austria by simply securing the prescribed eligibility criteria, uniform to all international applicants.
Note: eligibility criteria can vary from one institution to another. However, some criteria will be common for all institutes. Here is a list of those criteria that international students must meet to study MBA in Austria:

Bachelor’s Degree: Indian applicant must be in possession of an undergraduate degree from recognized and accredited institution in India or abroad.
Work Experience: A lot of business schools in Austria require applicants to have 2-5 years of work experience. This figure may vary as per institution and MBA specialization.
English proficiency: Non-native English speakers (international students and professionals) are required to prove their English proficiency through IELTS/TOEFL. However, some business schools in Austria may waive off this requirement with certain conditions attached.
GMAT/GRE: GMAT/GRE scores are mandatory for a lot of institutes. However, there are others as well that may offer waiver based on previous academic performance or work-experience. The requirement for GMAT/GRE to study MBA in Austria is based on the institution.
Statement of Purpose: It is basically a well-written, articulated and thoughtful essay that clearly and definitively outlines the career goals of the candidate and reasons behind pursuing MBA in Austria.
Letter of Recommendation: International candidates applying to study MBA in Austria, are required to furnish 2-3 letters of recommendation from professional and/or academic references.

Study MBA in Austria: List of Business Schools & Tuition-fee Breakdown in Austria for Indian Students

Business Schools	Annual Average Fee (EUR)	Annual Average Fee (INR)	Program Specialisations
WU Executive Academy	€25,000	INR 22,00,000	International Business, Finance
University of Vienna	€10,000	INR 8,80,000	Entrepreneurship, Global Management
Webster University	€22,000	INR 19,36,000	Marketing, Cybersecurity
Vienna University of Economics	€20,000	INR 17,60,000	Strategy, Innovation
Danube University Krems	€18,000	INR 15,84,000	Health Care Management, HR Management
MODUL University Vienna	€24,000	INR 21,12,000	Sustainable Development, Tourism
Lauder Business School	€14,000	INR 12,32,000	International Business, Finance
IMC University of Applied Sciences	€12,000	INR 10,56,000	Marketing, International Business

Study MBA in Austria: Documents Required

Candidates need to be ready with all requisite documents to apply for study MBA in Austria.
The documents and information submitted/furnished during the time of application and admission must be authentic, accurate and legal.
To study MBA in Austria, an Indian applicant must have the following list of documents ready:

Authenticated Secondary School Leaving.
Valid passport (scanned copy).
Authentic Bachelor’s degree or Master’s degree from accredited university in India.
Academic transcripts/Marksheets of applicants with master’s degree which must detail the course and grades in the 2 years.
Application form.
Letter of Invitation from the respective business school in Austria.
Student Visa (required at the time of admission).
Special entrance qualification (if necessary; depends on the school
German language proficiency
IELTS and TOELF for proof of English proficiency for English-taught programs. Note: this is not mandatory for all Austrian business schools.
Passport-sized photographs.
Bank statement (proof of financial capability to finance the program in Austria).

Study MBA in Austria: Tuition Cost Breakdown

Tuition fees for study MBA in Austria varies as per the business school as well as the choice of MBA specialization.
On an average, the MBA tuition fee across multiple specialities can range between €8,900 to €39,000.
Specialized programs & executive MBAs can be a bit more expensive than this.

Study MBA in Austria: Addition Expenditure

Apart from tuition fee, there are additional expenditures pertaining to study MBA in Austria.
Lifestyle, accommodation and food make for additional expenditure.
Depending on lifestyle choices, location and accommodation, these additional costs can range between €10,000 to €15,000 annually.

Study MBA in Austria: Intake

There are two intakes to study MBA in Austria.
There is the summer intake and winter intake.
For admission during summer intake, candidate must apply before 1^st
For admission during winter intake, candidate must apply before 1^st September

Study MBA in Austria: Study without GMAT

GMAT/GRE scores have been traditionally mandatory for nearly all business schools to study MBA in Austria.
However, post-COVID, some of the business schools have relaxed the GMAT/GRE requirement, subject to conditions such as past academic performance and work-experience/background of the applicant.

Study MBA in Austria: MBA specializations available for International Students in Austria

One of the strong factors have push Indian professionals and aspirants to study MBA in Austria is the plethora of specializations offered by Austrian business schools.
Here is a list of the major MBA specializations which international students often opt:

Organization & Leadership
International Business
Finance Marketing
Transport Management
Project Management
Environmental Management
Organizational Management
Human Resource Administration
Business Administration Management
Finance Marketing
Nonprofit Management Sustainability / CSR / Social Entrepreneurship
Energy and Natural Resources

On top of the above-mentioned curricula in marketing and finance, there are other particularities as well, which can align with an applicant’s domain:

Education
Tourism
International Business Consultancy
Electronics

Study MBA in Austria: Medium of Instruction & Language Proficiency Tests

The medium of instruction for MBA programs in Austria for international students is English.
Some business schools offer MBA program in German.
For most universities, proof of German proficiency is required. However, for English-based programs, it may not be mandatory.
TOEFL/IELTS is needed in some business schools. However, it is not mandatory for all programs. A waiver may be offered by some universities based on the former academic credentials of the candidate/applicant.

Study MBA in Austria: Duration of Program

The duration of MBA program in Austria is 1-2 years (depending upon the specialisation and domain and the business school).
The program is divided into semesters.
Students enrolled need to write tests semester-wise.

Study MBA in Austria: Breakdown of Living Cost

Here is a breakdown of living expenditure or cost of living on an average in a month for Indian students who study MBA in Austria:

Expenditure	Average Monthly Cost (in INR) of Master’s Program
Accommodation (private rental)	35,000 - 60,000 (approx.)
Accommodation (dormitories for students)	17,000 - 44,000 (approx.)
Student Health Insurance (mandatory)	5,200 (€60/month) (approx.)
Food	22,000 - 30,000 (approx.)
Transportation	4500 – 8500 (approx.)
Public Transportation	4300 (approx.)
Miscellaneous	9000 - 13,000 (approx.)

Study MBA in Austria: How to Apply for an MBA in Austria from India?

Planning to study MBA in Austria? Don’t know where to start and what to do? Here is what you need to do to

Get in Touch With us: We are here to help you with all our resources in finding the right business school, helping you choose the right specialization based on your background, work profile and domain of expertise, and work experience. Our expert edu-counsellors are going to help you at every step of application, VISA, travel and accommodations.
Research Programs: A candidate is required to streamline the MBA programs he/she is interested to pursue in Austria. Candidate should opt for MBA programs that aligns with his/her domain and career-aspiration and plan. While choosing the business school and MBA specialization, a candidate is also required to consider factors such as Fee structure, reputation of business school (perception matters during placement), and nature of speciation.
Check Eligibility: A candidate/applicant must ensure that he/she meets the eligibility criteria for study MBA in Austria in the specific business school. While the basic requirements by-and-large remain the same across institutions, such as academic qualifications, work experience, and English proficiency requirements, there can be variations too.
Prepare Documents: An applicant is required to gather all necessary documents (mentioned above in the article). This includes- letter of recommendation, work experience, GMAT/GRE scores (if required), IELTS/TOEFL (if required), German proficiency (if required), academic transcripts, state of purpose tailored to the specialization candidate has chosen or his/her domain. Note: All documents submitted must be necessarily authentic, legal and accurate.
Submit form online: An applicant can get access to the application form/portal from the official website of the shortlisted business school. Fill the application form in the manner proposed by the university/business school by furnishing all relevant, authentic and necessary information and legal documents digitally (persona, professional, academic). Candidates are advised to be mindful of the deadlines pertaining to application (mentioned in the article).
Interviews: Some universities may also conduct interviews to shortlist their applicants. However, this is not common in all business schools. Make sure you check the eligibility requirements of the university carefully before selecting your MBA program and business school.
Scholarships: Scholarships are available for international students to study MBA in Austria. Some are offered by the government, while others are offered by private bodies and institutions.
Apply for a Visa: An applicant must apply for VISA after receiving the Letter of admission or call letter from the respective business school to study MBA in Austria. Before that, the candidate is required to pay a pre-determined portion of the tuition-fee.

About Austria

Famous for palaces, castles, cathedrals, and other ancient architecture, Austria is located in the southern part of Central Europe. Perched on the Eastern Alps, Austria is officially known as the Republic of Austria. In pre-Roman times, the area was inhabited by various Celtic tribes. The birthplace of Mozart, Austria, has its roots set deep in history, with its rulers being the Romans and later the Bavarians, Slavs, and Avars. Austria was a part of World War 1 under Emperor Franz Joseph. Today, it is Europe’s one of the most popular holiday destinations that offer the finest skiing adventures and attractions like The Vienna Hofburg: Austria's Imperial Palace, Schönbrunn Palace, Innsbruck's Hofburg, and Hofkirche, Melk Benedictine Abbey, and many more.

Capital	Vienna
Largest City	Vienna
Official language	Austrian German
Dominant Religion	Christianity
Total Area	83,879 km2
Total Population as per 2022 estimate	9,027,999
Currency	Euro
Calling Code	+43

FAQs

What is the duration of MBA programs in Austria?

The duration of MBA programs in Austria is between 1-2 years, depending upon the MBA specialization or domain, and the business school. The program is divided into semesters. Students are required to write semester exams for assessment.

What career options can MBA graduates explore after completion of program?

Career prospects post MBA is bright. Austrian MBA degrees are highly valued globally. Austria (especially Vienna) is a financial hub in Europe. MBA graduates can quickly get placed in sectors such as banking, investments, financial consulting, etc. The country is also a hub of multiple-national companies across domains.

What is the average cost of MBA degree in Austria?

Study MBA in Austria from private universities: 6,000 – 24,000 EUR per year. Study MBA in Austria from public universities: 727 EUR per semester. Student union fees: 20-30 EUR per semester.

What is the Scope for Post-Graduation Work Permit for Indian Students in Austria?

International students having completed their MBA from Austrian business schools can apply for a post-graduation work permit. Post-graduation work-permits for international MBA graduates allow them to stay in Austria and work up-to 12-months after graduation. This allows international MBA graduates in Austria to gain employment and experience.

What are the potential Job Markets for Indian MBA graduates in Austria?

MBA graduates in Austria can opt for professional roles in: Finance sectorsè Banking, Investment, Financial Consulting, etc. Technologyè IT consulting, Software Development, Tech Start-ups, etc. Tourismè tourism management, hospitality, etc.