CEE-Partial Scholarships for the Professional MBA (Vienna)

Eligibility Criteria

Only students who meet the eligibility criteria will be taken into consideration for a CEE-Partial Scholarship. Eligible candidates are citizens of CEE countries*, have a first university degree and at least 3 years of management experience. Other criteria are the personal career track, motivation and financial need.

Nomination Process

Students apply directly to the Professional MBA Program Management of the WU Executive Academy. In September 2010 (Application deadline: September 1st, 2010) the WU Executive Academy convenes a committee that will nominate the CEE-Scholarships candidates, who will be invited to a personal interview with the academic director.

Further Information:

Professional MBA Program Management

T: +43 1 31336-4816

scholarship@wu.ac.at

www.executiveacademy.at/pmba

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*Albania, Armenia, Azerbaijan, Belarus, Bosnia-Herzegovina, Bulgaria, Croatia, Czech Republic, Estonia, Georgia, Hungary, Kazakhstan, Kirgizstan, Latvia, Lithuania, Macedonia, Moldova, Montenegro, Poland, Romania, Russia, Serbia, Slovak Republic, Slovenia, Ukraine, Tajikistan, Turkey, Turkmenistan, Uzbekistan.

Early Bird Bonus

Applications for the Professional MBA (starting 2010) received before April, 30th 2010 are eligible for a 3% discount of the total program fee. This bonus is also available for students paying the total program fee prior to June, 30th 2010.

For each student, only one bonus can be claimed.

Financial benefits for employees and companies

Employees and self-employed persons save up to 50% of the program fee

No matter whether you are employed or self-employed, our MBA program fees are fully tax deductible for you. The only prerequisite is that the program is regarded as further education in the present field of occupation or as training in a related profession. Depending on your income, you can get up to 50% of the program fee back. Generally speaking, this is true for all programs offered by the WU Executive Academy.

Additionally, not only program fees are fully deductable, but also all other costs incurred (e.g. text books, reading materials, travel expenses, accommodation).

The tax advantage you enjoy directly depends on your total income. This means e.g. for Austria: If you earn more than € 51,000 per annum half of all costs will be refunded by the state. If you earn between € 25,000 and € 51,000 per annum, 43,6% will be refunded.

Other countries do have similar tax arrangements, slightly varying from the Austrian system. For detailed information in this regard please refer to the responsible institution of the respective country.

Win-win situation for employers covering the program fees of their employees

Unlike bonuses, for example, program fees are exempt from taxation (the financial advantage amounts up to 50%). And, your employer benefits too: there are no payroll related costs. Moreover, the Austrian state shares the costs with the employer and covers 31% (in case of a public limited company) or 61% (in case of an individual enterprise).

As for the employers, not only program fees are fully deductible, they are also entitled to a 6% education bonus and a 20% education tax exemption.

Information about  tax deductions  in Austria are available at www.bmf.gv.at

Errors and omissions excepted!