Grants are the way to fund the studies of students who want to advance their education but find it hard to support. So, in order to help talented students, the MCI Entrepreneurial School is now accepting applications for the Study Grant in Austria.

The bursary is open for international students who want to start their master’s and PhD programs for the academic year 2024-2025.

Management Center Innsbruck (MCI), established in 1995, is a private business school in Innsbruck, Austria. It offers study programs leading to bachelor and master degrees and Executive Master Programs (MBA, MSc, and LL.M.), Management seminars, Executive Certificate programs, Customized programs and analysis.

Why choose the Management Center Innsbruck? The MCI gives an excellent opportunity to the applicants who wish to pursue a career in their desired field. They can get the profession’s destination, leadership, and volunteer opportunities distinct to their education and professional purposes.

Application Deadline: The applications for this grant will be accepted only through March 4, 2024.

Brief Description

• University or Organization: Management Center Innsbruck (MCI)
• Department: N/A
• Course Level: Masters and PhD
• Award: Varies
• Number of Awards: N/A
• Access Mode: Online
• Nationality: International
• The award can be taken in Austria

Eligibility    

• Eligible Countries: EU/EEA/Third-country nationals/Stateless/Conventional refugees
• Eligible Course or Subjects: The bursary is available for the masters and PhD programs at the MCI.
• Eligibility Criteria: To become eligible for the award, applicants must have to follow the requirements stated by the MCI.

How to Apply

• How to Apply: To apply for the award, aspirants can submit their application through an online portal.
• Supporting Documents: Candidates must submit a copy of the following required documents along with the application, i.e., an ID card, a passport photo in JPG format, a CV, and academic records.
• Admission Requirements: Aspirants must fulfil the required conditions for their degree field at the MCI.
• Language Requirement: If English is not your primary language, then you have to show your English Language Proficiency skills through different exams like IELTS or TOEFL, etc..

Benefits

When calculating the amount of aid for students, where parental income is taken into account (a different calculation is carried out for self-supporters, see aid amount and calculation example for study aid based on self-support ), a fixed amount, the so-called “basic amount” is used The amount is assumed to be €361. There are increases and decreases based on this amount.

Increases:

There is an increase of €269 for:

• Students who have to live at the place of study because the daily return trip from their parents’ place of residence to the place of study is not reasonable in terms of time and are officially registered at the place of study (main or secondary residence)
• Students who have reached the age of 24
• Students whose parents have died (orphans)
• Students who are legally obliged to care for and raise at least one child
• Married students or students in a registered partnership

This increase of €269 will only be granted once if several of these circumstances are present.

There is a further increase of €259 for students who have reached the age of 24.
There is an additional increase of €32 for students who have reached the age of 27.
There is an additional increase of €129 for students who are legally obliged to care for and raise at least one child.
There is an additional increase of €160 or €420 for disabled students . The increase depends on the type and degree of disability.

All amounts are increased by 6% when calculating the amount of student aid.

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