Funding

All stu­dents are fully fun­ded on ad­mis­sion to the pro­gram. Our stu­dents are em­ployed by one of the part­ner uni­versit­ies and re­ceive a gross monthly sti­pend of ap­prox­im­ately € 2,400 (14 times a year), which in­cludes health in­sur­ance. Fund­ing is guar­an­teed for five years sub­ject to sat­is­fact­ory aca­demic per­form­ance.

Salary in Aus­tria

The Aus­trian wage scheme in­cludes 12 monthly salary pay­ments and 2 spe­cial pay­ments (also known as the “13th and 14th salar­ies”). Spe­cial pay­ments are paid on a quarterly basis and are taxed at a lower rate.

In­come taxes, so­cial in­sur­ance, con­tri­bu­tions, and other de­duc­tions are de­duc­ted from your gross pay and with­held by the em­ployer, who then trans­fers them to the re­spect­ive in­sti­tu­tions. Your net salary as it is paid out to you is then yours to spend on your per­sonal liv­ing ex­penses (food, rent, en­ter­tain­ment, etc.). If you wish to cal­cu­late your net salary, click here (Ger­man).

For more in­form­a­tion on the cost of liv­ing in Vi­enna, please see the in­form­a­tion for pro­spect­ive stu­dents provided by WU Vi­enna.