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.