What is the WU Vienna MiM Review?

The WU Vienna MiM Review is useful for people who want to gain a quick understanding of the Masters in Management/CEMS program at WU University of Economics and Business.and understand if it would be a correct choice for them. Apart from a brief review of the school, data about the Masters in Management/CEMS program application process, the class profile and placement statistics upon graduation are presented.

INTRODUCTION

The Institute

Vienna University of Economics and Business (Wirtschaftsuniversität Wien or WU) is the largest University focusing on business and economics in Europe and, in terms of student body, one of the largest universities in Austria. It has been ranked as one of the best business schools in Europe. WU was founded on October 1, 1898, as k.u.k. Exportakademie to provide professional training to future businessmen and thus stimulate the Austro-Hungarian empire's economy. From humble beginnings as a professional school, it quickly grew to become an important institution, which was awarded the status of a fully-fledged Hochschule (an educational institution equivalent to a university, but specializing in a certain field such as technology or business or art) in 1919. After World War II, the Hochschule für Welthandel increased its breadth in research. It started to become a very important institution in Austrian society at that time; most Austrian managers and many politicians received their university education here. From 1966 onward, it began to offer a more theoretical course of studies in economics. In 1975, it was renamed to Wirtschaftsuniversität Wien. At the same time, the number of students began to increase dramatically. In 1983, it moved to a campus in Vienna's 9th District. Due to further increasing student numbers during the 1990s the campus became too small. As a consequence, new premises had to be built in Vienna's 2nd district. The new Campus WU opened in October 2013, next to the Vienna Fair Ground. Today, WU has more than 20,000 students and over 400 researchers and teachers, among those about 90 full professors. It increasingly draws students from outside Austria, mostly from Central and Eastern Europe. Most of the faculty are of Austrian or German nationality.

The Program

The Master in International Management/CEMS is an exclusive international management program, which combines two degrees into one 24-months program – WU’s MSc and the CEMS MIM. The program will provide you with the know-how and skills to succeed in a global business environment and to become multicultural and multilingual leaders. The Master in International Management/CEMS combines two degrees – WU’s Master in International Management (MSc) and the Master in International Management (CEMS MIM) offered by The Global Alliance in Management Education (CEMS) – into one 24-month program. For details about the structure of the program click here.


SALIENT  FEATURES

• The Master in International Management/CEMS is an exclusive international management program which combines two degrees into one 24-months program – WU’s MSc and the CEMS MIM.
• Based on CEMS students evaluation of course offer, school administration, student services and CEMS Club activities (with an overall result of 4.25 on our 5 point scale) WU received the "CEMS School of the Year Award".
• This year WU won prizes in the categories "Best Exclusive Course" (Phillip Nell: Managing and Analyzing Data for Business Decisions) and "Best International Business Project" (Jonas Puck, Thomas Lindner and Moritz Putzhammer in cooperation with A.T. Kearney).
• WU Wien has the CEMS Club Vienna (CCV) which is an association of CEMS students studying at WU Wien. As a networking platform between corporate partners, CEMS Alumni and CEMS students, the main goal is to combine the academic program with social and professional events. The activities involve decisions concerning the program content as well as organizing events with corporate partners, such as company presentations, workshops, rotation dinners etc. In addition, various social and cultural events contribute to the club’s networking aim.

Next, in the WU Vienna Masters in Management Review, find all the application requirements listed below.

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USEFUL INFORMATION

Duration- 24 months

Tuition Fee

The standard tuition fee is € 363.36 per semester. The tuition fee for Non-EU and Non-EEA Citizens is € 726.72 per semester. Payment during the extended enrollment period increases the standard fee of € 363.36 by 10%. The tuition fee of € 726.72 for third-country nationals does not increase in the extended enrollment period.

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Rolling Admissions Schedule for the 2017/18 intake

September 1, 2016 (14:00 CET)- Start of rolling admissions for programs commencing in the fall of 2017.

October 8, 2016 (23:59 CET)- Priority deadline I.
Results are expected to be available by mid-December 2016.

January 8, 2017 (23:59 CET)- Priority deadline II.
Please note last priority deadline for the MSc in IM/CEMS.
Results are expected to be available by the end of March 2017.

March 8, 2017 (23:59 CET)- Priority deadline III.
Results are expected to be available by the end of May 2017.

Three so-called "priority deadlines" have been set for the 2017/18 application and selection proceedings. Submitted applications are batched and processed according to these priority deadlines. This means that the processing of applications submitted after a particular priority deadline will be delayed until after the next deadline. Please note the following:

  • If a particular program is full, the online application for that program will be closed. This means that at times, all three priority deadlines for all programs may not be available at all times.
  • Priority deadline III does NOT apply for the MSc in International Management/CEMS. Only the first two priority deadlines are available for this program, meaning that the final application deadline is January 8. Here, as well, the online application tool will close when all available places have been filled.

 

Career Prospects

Career prospects Graduates of the CEMS/MIM program are qualified to form future generations of global business leaders and to enter a multilingual, multicultural and interconnected business world. The program’s broad, generalistic approach to management uniquely prepares its graduates for a wide variety of positions, e.g. in consulting, strategy, marketing, finance or human resources, and in particular for positions requiring an integrated, holistic knowledge of various business domains. Graduates are typically employed by multinational corporations, foreign subsidiaries, international consulting agencies, start-ups or non-profit organizations.

97% Employment after graduation.

 


 

APPLICATION REQUIREMENTS

1. Relevant Bachelor's program: Completion of or enrollment in a relevant Bachelor's program or other equivalent degree programs at a recognized Austrian or foreign post-secondary institution. To be considered relevant, the completed program has to meet the following criteria:

  • The program comprises at least 180 ECTS credits. 180 ECTS credits correspond to three academic years.
  • 60 ECTS credits have to be earned by passing exams in the field of business administration.

Please note: It is not necessary to have completed this program at the time of application, proof of completion of your first-degree program is not required until actual enrollment. Nevertheless, the minimum requirements listed above have to be documented within the uploaded documents.

2. Language proficiency: The following levels of language proficiency are required: A. Proof of sufficient proficiency in English - C1/C1 according to the Common European Framework of References:

  • English as native language.
  • Full Bachelor's program done in English at a CEMS partner university (at least three years, university confirmation required).
  • One of the following certificates: valid TOEFL iBT 100 or higher, IELTS (7.0 or higher), Cambridge English: CAE (Grade "A" or “B”), CPE (Grade "A", "B" or "C") or BEC Higher (Grade "A" or “B”).
  • Certificates of exams taken at WU in English Business Communication worth 10 ECTS credits and with a weighted average grade of 2.49 or better.(Please note: At least EBC I has to be passed at the time of application. Only the following EBC combinations can be considered for the calculation of the weighted average grade: EBC I+II+III or EBC II+III+IV.).

B. Proof of very good oral skills (B2 according to the Common European Framework of References) and good written skills (B1 according to the Common European Framework of References) in one of the CEMS Languages (full list):

  • CEMS language as native language.
  • Full Bachelor`s program done in a CEMS language (at least three years, university confirmation required).
  • Full secondary education is done in a CEMS language (Schools confirmation required).
  • CEMS accredited commercial language proficiency tests (full list of CEMS accredited tests).

C. Proof of elementary level (or higher) of any third language:

  • Third language as a native language (if neither English nor a CEMS language is the candidates mother tongue).
  • Full Bachelor`s program done in the third language (at least 3 years, university confirmation required).
  • Full secondary education is done in the third language (Schools confirmation required).
  • CEMS accredited commercial language proficiency tests (full list of CEMS accredited tests).
  • A commercial language course at an elementary level (or higher) from a CEMS accredited cultural institution (full list), minimum contact hours: 20.
  • A language course, elementary level (or higher) taken at WU, other CEMS school or EQUIS/AACSB accredited university with minimum 5 ECTS.
  • A language course, elementary level (or higher) as part of the secondary education – minimum length: one year.

Please note: Certain combinations of similar languages will not be allowed to fulfill the requirements (e.g. Danish/Swedish/Norwegian, Czech/Slovak, Catalan/Spanish, or Ukrainian/Belarusian/Russian.

3. Proof of aptitude (Selection criteria) In addition to the minimum requirements you have to proof your aptitude for the Master's program. (The documents indicated at item 1 have to be submitted at the time of application. In case the documents are not uploaded in the online tool, your application will be rejected.)

  • Proof of achievement potential: valid GMAT result *
  • Communication skills, interpersonal competencies, international orientation (these skills will be tested within the interview) *

The GMAT result is obligatory for all applicants except WU students. WU students can submit the weighted grade point average (GPA) of all exams completed as part of the relevant study program instead of the GMAT. They can download the GPA confirmation as a PDF (see Tools & Services).

However, the GMAT is also highly recommended for WU students!

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