Fees & Financing
Depending on the MBA program, the tuition fee is EUR 24,400 (VAT-free). This investment includes courses, required course materials such as literature and case studies, and coffee breaks. Not included are travel, accommodation and catering costs. For MBA programs that include modules abroad, additional costs of EUR 3,000 are incurred (not included in the modules abroad are individual travel expenses and costs for board and lodging).
Financing options for your further education
Further education doesn’t only mean investing time but is also a financial investment in your future. In order to support you in this, we have put together as comprehensive an overview as possible of various financing options for further training activities.
You are also welcome to contact us for a personal consultation on your financing options!
Payment in installments
The course fee can be paid in up to four instalments. This gives you the opportunity to deduct the course fee from your taxes over a period of 3 years.
Tax Deductibility and Tax Advantages*
In Austria, employees can claim the expenses for vocational training and further training as income-related expenses within the scope of employee assessment. Depending upon height of the income up to 50% of the costs of further training are refunded. Self-employed persons have the opportunity to declare expenses for further training as business expenses in their income tax return.
For companies, training costs as business expenses reduce the taxable base. In addition, either a training allowance in the amount of 20% of the training costs or a training premium in the amount of 6% can be claimed.
Further information on tax deductibility and tax advantages for employees and companies can be found here, opens an external URL in a new window. For specific information, please contact your tax consultant or the Federal Ministry of Finance.
* Despite careful research, no responsibility can be taken for the accuracy of the information provided.
Financing Options and Scholarships
We have prepared an overview of various financing options such as educational leave, part-time education, education loans and education funds, as well as a comprehensive overview of national and international funding for employees and entrepreneurs.
We have also compiled information on subsidies for Austrian companies here, opens an external URL in a new window.