Updated on Oct, 20 2025 08:02 IST
Study Finance in Austria
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With programs such as banking, finance, and executive MBA, to study Finance in Austria can help students gain expertise in financial fields such as investments, fintech, and financial management. Blending theory and practical applications of the financial subjects, students get hands-on experience in learning topics such as asset pricing, financial analysis, corporate finance, and risk management when they choose to study finance in Austria. Most of the Finance programs in Austria are offered in English. The tuition fee for Bachelor’s or Master’s in Finance ranges from €730 - €750 per semester, which is highly affordable for international students looking to study finance abroad. The easy admission process and the latest curriculum further motivate international students to seek admission to Austrian universities for quality education and better job prospects. If you are looking to study in Austria, here is all that you need to know about the Austrian universities and their admission criteria before applying for the program.
Austrian universities have a set of criteria that the candidate needs to fulfil to study Finance in Austria. Here are the requirements adopted by Austrian universities to invite applications from Non/EU/EEA students, including Indians:
For Master’s Program:
Academic:
10th and 12th Marksheets
A relevant Bachelor’s degree in the field of finance, business, or a related discipline from a recognised university.
GMAT or GRE: A score of at least 78 in the Quantitative section (GMAT Focus), or a score of at least 45 (GMAT classic), or a minimum score of 154 (GRE General Test).
Grade Requirements: A Minimum GPA of 3.0-4.0 (70%-80%) is required to study Masters in Austria.
Language Proficiency: To apply for English-taught programs, demonstrating a high level of English is mandatory through:
IELTS: A minimum overall band score of 6.5 and above.
TOEFL iBT: A minimum score of 94 and above.
For Bachelor's Program:
Academic:
10th and 12th Marksheets
Grade Requirements: A Minimum GPA of 3.0-4.0 (70%-80%) is required to study finance in Austria.
Language Proficiency: To apply for English-taught programs, demonstrating a high level of English is mandatory through:
IELTS: A minimum overall band score of 6.5 and above.
TOEFL iBT: A minimum score of 94 and above.
To Study Finance in Austria, candidates must provide sufficient documents when submitting their application for admission. Here is a checklist of academic and personal documents required to enrol for the course:
Academic and Educational Documents:
For Bachelor’s: 10th and 12th marksheet
For Master's: Bachelor's Degree in Finance or a related business field from a UGC-recognized university, Semester-wise mark sheets are required.
Language Proficiency Documents:
IELTS Score
TOEFL iBT Score
Identity Documents:
Valid Indian Passport
Birth Certificate
Recent Passport-size Photos: 6-8
Financial Documents:
Bank Statements as proof of funds
Application Documents:
Application Form
Statement of Purpose (SOP)/Motivation Letter
Letters of Recommendation
CV/Resume
Health & Insurance Documents:
Health Insurance
Medical Health Certificate
Visa-Specific Documents:
Visa Application (Form D)
University Invitation Letter
Fee Payment Receipt
Accommodation Proof
Travel Proof
Health Insurance
Travel Insurance
Although a specific ranking system is not available for top universities to study finance in Austria, the following list provides information on Austrian universities that offer Bachelor’s and Master’s degree courses in finance.
For a Bachelor’s Degree in Finance in Austria:
WU (Vienna University of Economics and Business): Program: BSc in Business and Economics
FH des BFI Wien (University of Applied Sciences BFI Vienna): Program: BSc in Banking and Finance
University of Applied Sciences Upper Austria: Program: BA in Controlling, Accounting, and Financial Management
For a Master’s Degree in Finance in Austria
WU (Vienna University of Economics and Business): Program: MSc in Quantitative Finance
Central European University (CEU), Vienna: Program: Master of Science in Finance
University of Vienna: Program: MSc in Banking and Finance
Here is a summary:
| University | Program | Duration | Medium of Instruction |
|---|---|---|---|
| WU (Vienna University of Economics and Business) | BSc in Business and Economics; MSc in Quantitative Finance | BSc - 3 years; MSc - 2 Years | BSc – German/English; MSc - English |
| FH des BFI Wien (University of Applied Sciences BFI Vienna) | BSc in Banking and Finance | 3 Years | English |
| University of Applied Sciences Upper Austria | BA in Controlling, Accounting, and Financial Management | 3 Years | Primarily German, with some English-taught modules |
| Central European University (CEU), Vienna | Master of Science in Finance | 10 months | English |
| University of Vienna | MSc in Banking and Finance | 2 Years | English |
The cost-effective tuition fee of Austrian Universities makes it easier for EU/Non-EU/EEA students to get a quality education at affordable prices when they choose to study finance in Austria. Below is the fee structure for the same:
| University | Program | Annual Tuition Fee |
|---|---|---|
| WU (Vienna University of Economics and Business) | BSc in Business and Economics; MSc in Quantitative Finance | BSc - €1,500; MSc - €1,500 |
| FH des BFI Wien (University of Applied Sciences BFI Vienna) | BSc in Banking and Finance | €1,500 |
| University of Applied Sciences Upper Austria | BA in Controlling, Accounting, and Financial Management | €1,500 |
| Central European University (CEU), Vienna | Master of Science in Finance | €15,000 (10 months - Full-Program) |
| University of Vienna | MSc in Banking and Finance | €1,500 |
Non-EU/EEA students looking to study Finance in Austria can get access to lucrative scholarships offered by the Austrian government as well as universities. Below are the details of the key scholarships available for Indian students looking to pursue a Bachelor’s or a Master’s degree in Finance from an Austrian University:
Austrian Government Scholarships
Austrian Exchange Service (OeAD) - The Austrian Agency for International Cooperation in Education and Research (OEAD) offers numerous scholarships and grants to Bachelor’s, Master’s, and PhD students from various countries.
Ernst Mach Grant - For PhD students and post-graduates.
Erasmus Mundus Joint Master's Degrees
This program offers fully-funded scholarships for specific joint Master's degree programs in Finance.
University-Specific Scholarships
Vienna University of Economics and Business (WU) – MBA Scholarship: Covers up to 25-35% of the tuition fee.
Central European University (CEU) – MBS Scholarship: Offers partial or complete tuition fee waivers. The latest information is available on the university website.
University of Vienna - The University of Vienna offers scholarships and research grants to Master’s and PhD level candidates.
Universities of Applied Sciences (Fachhochschulen) – Provides scholarships and grants to PhD-level students through external funding.
To study Finance in Austria, you need to ensure that you apply for the Visa well before the application deadline. Below are the intake details and deadlines you should keep in mind to apply well in advance:
| University/Program | Intake Semester | Application Deadline (Non-EU/EEA Students) |
|---|---|---|
| WU (Vienna University of Economics and Business) | Winter Semester (Starting September) | March 31 |
| FH des BFI Wien (University of Applied Sciences BFI Vienna) | Winter Semester (Starting October) | April, 30 |
| University of Applied Sciences Upper Austria: | Winter Semester (Starting October) | April, 30 |
| Central European University (CEU), Vienna | Primarily autumn (Starting, October) | April, 15 |
| University of Vienna | Winter and summer semesters (Starting June) | August, 1 |
If you are wondering whether you need to know German to be able to study Finance in Austria, then below are the details about the German language proficiency:
A German language proficiency certificate is not required to study Master’s or Bachelor’s in Finance in Austria.
A preparatory course in German is a good option for English-taught programs to get a basic knowledge of the German language for proper communication at your part-time job, or even with your colleagues and professors.
Universities in Austria that offer a Bachelor’s or a Master’s degree in Finance have a simple admission process for Non-EU/EEA students, including Indians. Below is a brief outline of the admission process, and our team at Anigdha is here to help you throughout your admission journey:
University Selection: A preliminary list of universities that offer Finance as a course will be prepared by our professionals at Anigdha based on your eligibility, interest, budget, and career goals.
Documentation: All your documents must be submitted before the application process for the shortlisted universities begins. The documents will be submitted by team Anigdha with the individual university applications.
Application Submission: Team Anigdha will ensure zero errors while submitting your application, as well as your documents.
Approval and Fee Payment: In the next step, the universities will carefully evaluate your application and documents, upon approval of which you will be sent an approval letter. After receiving the approval letter, Team Anigdha will begin the fee payment process.
Admission Confirmation and Visa: On successful payment of the tuition fees, the university will send you a confirmation letter confirming your seat to study Finance in Austria. Our team at Anigdha will also help you gather all the documents as per the Austrian Embassy’s checklist so that the documents can be submitted within the specified deadline.
Travel and Accommodation: Once the application process is complete, Team Anigdha will process your Type D Visa, which will arrive in a maximum of 4 weeks. Our team will also help you make travel and lodging arrangements so that you have a comfortable journey before starting your studies in Austria.
What is the Visa requirement to study Finance in Austria?
To Study Finance in Austria, you need: A Type D Visa and a student residence permit on arrival
Is it compulsory to have German language proficiency to study finance in Austria?
No, a German language proficiency certificate is not required for English-Taught Finance programs in Austria.
What are the language proficiency requirements to study Finance in Austria?
For English-taught programs, the candidate must prove his/her language proficiency through: IELTS (A minimum overall band score of 6.5 and above) and TOEFL iBT (A minimum score of 94 and above).
What is the duration for MSc. in Finance in Austria?
The duration for an MSc. In Finance in Austria may range from 10-months to 2 years, depending on the university.
Which Austrian universities offer MSc. In Finance in Austria?
The universities that offer an MSc. In Finance in Austria are, Central European University (CEU), Vienna - Master of Science in Finance, and University of Vienna - MSc in Banking and Finance
Is it mandatory to get a health insurance to study finance in Austria?
Yes, it is mandatory of get a health insurance to study finance in Austria.
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