Welcome to our FAQ page! Find below answers to some of the most commonly asked questions.
For all other questions, please write to firstname.lastname@example.org.
When will the new applicants start?
The next cohort starts in September of every year.
Do I need to learn German?
No, German is not required. The program is completely taught in English. If you wish to improve your German skills, you can attend German classes at the university.
Can I attend selected VGSF PhD-program courses if I am not admitted to the PhD in Finance?
No, courses of the VGSF PhD-program can only be attended if you are a registered student of our PhD in Finance.
How long does the program take?
Usually students finish the program in five years.
Is this a full-time program? Can this program be done part-time?
This is a full-time program which requires personal attendance on the campus. A part-time participation is not possible.
How high is the percentage of VGSF students who receive a degree?
More than 90% of our students receive a PhD degree.
How much is the financial support granted to VGSF students?
The financial support is about 2000 Euros gross per month (14 salaries/year). Students are employed by one of the partner universities. More information on our Funding page.
Are students entitled to a travel budget?
Students whose papers are accepted for presentation at major conferences are eligible for travel grants. Submission to conferences is coordinated with your supervisor(s) and the program director.
Application to the program
Can I apply to the VGSF even though I did not yet finish my graduate studies?
Yes, you are welcome to apply even if you have not finished your graduate studies yet. However, you should be confident to finish your graduate studies by the end of the upcoming summer term.
Can I apply to the VGSF even though I did not take a GMAT or GRE test?
No, uploading a GMAT or GRE tests is mandatory. You can upload additional evidence demonstrating your analytical/mathematical skills. However, such evidence is no substitute for GMAT or GRE.
Can I apply to the VGSF even though I did not yet take a TOEFL or IELTS tests?
Yes. What matters is that you can document your command of English (written and verbal skills) in a convincing way (e.g. using certificates, diplomas, etc.).
Do I need to find a supervisor and/or submit a thesis proposal in advance?
No, you do not need to find a supervisor in advance and we do not expect you to have a research proposal. However, in your motivational letter you can describe your research interests.
What is the "self-statement of purpose"?
The statement of purpose should provide a description of your background, your main skills and strengths, your research interests and career goals. Two or three pages should be enough. Please note that this is NOT a research proposal.
Do I have to apply for admission to the PhD studies at the University of Vienna or the WU (Vienna University of Economics and Business) before I apply to the VGSF?
No, you need to apply only from our website. The VGSF runs the PhD as a joint program of the University of Vienna and the WU Vienna, therefore, prior admission to those universities is not required.
Living in Vienna
Do I need to get a health insurance myself?
No, in Austria university employees are automatically insured with BVA (only in German).
Which type of Visa do I need?
As you are employed by one of the universities, you are entitled to a working visa. We will help you with your visa application if required.
How high are living costs in Vienna?
Living costs in Vienna are about € 800/900 per month depending on your lifestyle. You can find more information on the WU Vienna website, click here.