VGSF PhD Scholarships for International Students in Austria, 2018-2019

Vienna Graduate School of Finance provides financial support to outstanding students from around the world. The VGSF programme is available for full-time PhD programme in Finance.

The Vienna Graduate School of Finance is a center of excellence in Finance, located in Vienna, Austria. Its main activities are academic research and PhD education. VGSF faculty members are very well connected in the international Finance community.

Students need to demonstrate that they have a good level of written and spoken English.

Scholarship Description: 

  • Application deadline: January 31, 2018
  • Course Level: Scholarships are available for pursuing PhD programme.
  • Study Subject: Scholarships are awarded to study finance.
  • Scholarship Award: The financial support is about 2000 Euros gross per month (14 salaries/year).
  • Number of Scholarships: Scholarships are not given.
  • Nationality: Austrian and international
  • Scholarship can be taken in Austria

Eligibility for the Scholarship:

  • Eligible Countries: Austrian and international students can apply for PhD Scholarships.
  • Entrance Requirements: The following requirements have to be met in order to be admitted to the PhD Program in Finance:
    • Successful completion of a Master’s program or a relevant equivalent degree program at a recognized Austrian or foreign post-secondary institution of education (according to § 64 (4) of the Universities Act 2002)
    • Applicants who will finish their Master studies after the deadline but before June 2017 are welcome to apply as well.
    • Proficiency in financial economics
    • Proficiency in mathematics and/or statistics
    • Adequate English proficiency
  • English Language Requirements: IELTS: at least 7.0 points (no band below 6) and not older than two years.

Application Procedure:

  • All information provided in the online application must be correct and complete. In case you need to make any important subsequent corrections please contact office(@)vgsf(.)ac(.)at.

  • All correspondence will be made via e-mail using the e-mail address you have specified for the login to the online application tool.


How to Apply: In the online application form you have to provide the following information (Please make sure that uploaded pdf-files are well-arranged and organized. Please avoid filenames like “scan1.pdf”, and recommend naming files such that their contents can be easily identified):

  • A self-statement of purpose (letter of motivation)
  • All your degree certificates
  • All your official transcripts (we advise you to provide grading scales or similar information; otherwise grades/transcripts may have little or no meaning, and/or may be difficult to interpret)
  • Curriculum vitae
  • GMAT or GRE (code number 9618) test scores; mandatory (!) and not older than five years
  • Proof of English competence; for example
    • TOEFL (code number 9618): paper based at least 600 points; computer based at least 250 points; internet based at least 100 points, not older than two years
    • IELTS: at least 7.0 points (no band below 6) and not older than two years
    • CAE
    • TOEIC: at least 800 points and not older than two years
    • CPE
    • BEC Higher
    • Another proof of your English competence (e.g. full degree program done in English, Master thesis in English, exchange program, internship)
  • At least two reference letters:
    • It is the applicant’s responsibility to organize the submission of letters
    • In the online tool you only specify the contact details (name and e-mail) of the persons who are willing to provide reference letters
    • They will not be contacted by VGSF
    • Reference letters must be sent by e-mail in .pdf format to office(@)vgsf(.)ac(.)at by the person who writes the letter (not the applicant!)
    • Please indicate in the e-mail for which program the letter is
    • Reference letters must be received before the application deadline

Application Form

Scholarship Link

PhD Scholarships for International Students

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