MBA Scholarship – Modul Vienna University in Austria

Modul University is a global, affordable, private university that offers bachelor’s degrees in international business, economics, and management studies. The university was founded in Vienna and has campuses in Austria and Switzerland. Modul is committed to academic excellence and gives high importance to quality teaching and internationally renowned lecturers.

The mission of Modul University is to offer an innovative higher education model with the highest quality standards at an affordable price. Modul’s educational programs are designed around the needs of students who are looking for a high-quality university education while balancing the demands of work or family life.

The Modul University offers a full-time, three-year bachelor’s degree program in economics, business, and management. The program consists of 120 ECTS points (90 of which are given in class) and requires 120 hours of study per year. To graduate with the Modul University diploma, you must complete all course requirements and complete all examinations.

The following Modul University degree programs are available:

The bachelor’s degrees offered by Modul University are fully recognized by Austrian authorities as well as international accreditation organizations. Education is provided at the undergraduate level through a mix of lectures, workshops, and seminars that provide students with ample opportunity to participate actively in the learning process. Modul University offers a dynamic and interactive learning experience that provides students with a solid foundation for success in their careers.

Modul University is accredited by ACQUIN, which is the Austrian Accreditation Council for University Qualification. If you complete all Modul degree requirements, your degree will be recognized throughout Europe and beyond by international organizations such as the World Bank, EU agencies, and other employers worldwide.

Modul’s teaching staff includes some of the finest lecturers from around the globe who have published works in renowned journals, presented at conferences, and advised companies, governments, or non-profit organizations on strategic decision-making and business practices. The faculty are at the top of their fields – with Ph.

Scholarship Description

The scholarship covers the actual tuition fee and includes a monthly allowance calculated according to the current exchange rate. In addition, there is a study visit to Vienna should you wish to spend one semester in Austria.

If you are currently studying or have completed your undergraduate studies, but do not have backup funds for tuition fees, this scholarship will help you cover the cost of your Bachelor’s degree and allow you to experience living abroad as well.

Additionally, we offer full support during every step of the application process; from preparing your application form to learning about your acceptance or rejection. If necessary, our scholarship advisors will be on hand for individual guidance throughout this process as well.

We believe that your future is best served by creating a scholarship that encourages students to study at Vienna University. Our scholarships are based on academic excellence, character, and personal growth.

The Scholarship has been announced by the Austrian government and is open for applications until April 30th, 2023. The applications can be submitted in English or German language. There is no tuition fee payable to the university, but some research and training costs may apply.

Summary Of Details of the MBA Scholarship – Modul Vienna University in Austria

Host University: Modul Vienna University, Austria

Host Country: Austria

Program Degree: MBA

Funded by: MBA Scholarship – Modul Vienna University in Austria

Open To: International Students

Application Deadline

The application deadline is April 2023

Documents needed to apply for MBA Scholarship – Modul Vienna University in Austria

Here are the documents needed to apply:

1. Copy of your passport

2. Copy of your first-degree certificate (or copy of the diploma)

3. Your current/last year’s income statement from your employer 

4. A proof of education 

5. Proof that you are under a permanent disability

6. Copy of your health insurance card or certificate with at least one-year validity left, as well as the last three months’ worth of medical treatment bills (paid or unpaid) 

7. Letter from the dean/head professor in which he confirms that you have been admitted to an MS program or have the admission receipts for such a program (there are no deadlines but applicants should send their application by November 30th).

In case of not admitted to the program, you need to attach a copy of the admission letter from another faculty/university.

Eligibility criteria for MBA Scholarship – Modul Vienna University in Austria

To be eligible, here are the criteria:

  • All students must hold Austrian citizenship, or have an EU or foreign citizen’s permit
  • You must have already been accepted to the course of study at Modul Vienna University in Austria
  • You cannot be enrolled in any other higher education institution before starting your studies at Modul Vienna University
  • The program duration of each Master’s Degree is 3 years. After completing the program, you are automatically eligible for a Master’s Degree from MSc Studies in Business Administration at the same university
  • The selected candidate will receive tuition fees and a living allowance for their entire stay with us.
  • Due to our growing popularity and considering the limited number of available places, we cannot guarantee the availability of placement for all applications.
  • Only applications from highly motivated individuals will be considered
  • The positive result of a drug test is not acceptable.
  • We offer scholarships on a first-come, first-serve basis.
  • You have to convince us that you’re worth it in your application.
  • You must write at least 250 words in English or German on why you want to study with us, what sets you apart from other applicants, what makes you such a great person, etc. Please state which scholarship(s) you are applying for, and include your name and date of birth in your recommendation letter.

How to Apply for MBA Scholarship – Modul Vienna University in Austria

Here are the steps to applying:

  • Create a student profile
  • Email your application form to the school 
  • After submitting the application form, you will be sent a confirmation email, where you need to confirm that you have read and understood all information in it before continuing. Confirming this signifies that you are eligible to apply for an MBA Scholarship at Modul Vienna University in Austria. The confirmation email is the only notification you will receive at this stage of your application process.

Benefits to Gain from MBA Scholarship – Modul Vienna University in Austria

Here are the benefits to gain:

  • Your degree will be recognized around the world
  • You will learn from the best professors and even other exchange students
  • You will get plenty of networking opportunities in Germany, Austria, and Switzerland.
  • You can research your alma mater before applying for a scholarship.
  • It’s very easy to find scholarships if you have a bachelor’s degree from an accredited university 

All these advantages come with a price tag: the number of tuition fees for one year at a public university in Germany is typically €10,000 per semester (€20000 per year). Private universities are much more expensive (up to €30,000 per semester).


In conclusion, the MBA scholarship for Modul Vienna University in Austria is an excellent opportunity for students who would like to study a Master in Business Administration at a University that offers excellent living conditions and is close to home. We are also looking forward to having you as a student of our faculty. 

The MBA scholarship for the Modul Vienna University offers opportunities that can’t be found anywhere else*. The fact that qualified candidates will be able to study with the outstanding faculty at the university without paying tuition fees makes this scholarship unique.

Frequently Asked Questions

Is Austria good for MBA?

Whether you want to get that promotion or learn how to manage your business better, an MBA will help you achieve that and expand your network and connections in the business world. If you don’t want to pay tens of thousands of euros for your Master’s degree, Austria is a great choice.

Is Austria easy to get PR?

To apply for permanent residency in Austria, you must meet the following requirements: For the past five years, you must have had legal status in Austria. You must be financially self-sufficient, whether through employment or self-employment. You must be insured by health insurance for those five years.



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