Incoming Studies

LBS welcomes Erasmus incoming students from our partner universities in Israel. The Erasmus+ Program is the action scheme of the European Union to support cooperation and mobility in education. For further information about the Erasmus+ Program, you can find the official Programme Guide under “Erasmus+ Programme Guide”.

Incoming Erasmus students can enjoy LBS’ first class business education in the world’s most liveable city Vienna! Come and join our international campus for a semester, get to know our students that come from all over the world and pick from our thoroughly English language study programs in the area of Business, Management, Leadership, and Finance.

Check out our course catalogues for International Business Administration (BA)International Management and Leadership (MA) and Strategic Finance and Business Analytics (MA). The course syllabi are accessible in your university’s International Office. The course schedules are available around 1-2 months before the semester starts.

For picking your courses, please mind the following:

Lauder Business School is a Viennese University of Applied Sciences (UAS). There are some differences to regular universities as well as to universities in other countries that are important to consider when you pick your courses.

UAS have a slightly different course system than regular universities tend to have. The appointments are fixed in advance, though they are not necessarily always on the same weekday or at the same time. Students have an obligation to attend at least 75% of the appointments. Therefore, whenever you pick your courses, be sure to look at the schedule for the entire semester in order to be sure there are no or at least hardly any overlaps.

Another specificity is the division of autumn and spring semester when it comes to the course catalogue, which is a very typical aspect of UAS. By principle, there are courses that only take place in one or the other semester. When you go through the course catalogue in your university’s international office, be sure to pick the right courses for your mobility term (1st and 3rd semester courses take place in autumn term, 2nd, 4th and 6th semester courses take place in spring term only).

The course catalogue is designed in a way that on average, resident students attend between 7 and 12 courses per semester in order to reach their ECTS load. For resident students, the courses are predefined for each semester. Exchange students can pick their courses as they wish and need. In the past we have observed that exchange students have been tending to pick very few courses only because they had overestimated the workload per course. We recommend having a close look at the ECTS per course in order to be able to estimate the actual workload and the amount of courses that are feasible for the individual student.

 

FOR APPLICATION DEADLINES AND PROCEDURE PLEASE CONTACT THE INTERNATIONAL OFFICE AT YOUR UNIVERSITY!

General Information

A. TARGET GROUP
B. APPLICATION PROCEDURE AND DEADLINES
C. INSURANCE COVERAGE, FORMALITIES OF ENTRY AND RESIDENCE AND ACCOMMODATION
D. WITHDRAWAL/PREMATURE DISCONTINUATION/SHORTENED STAY/EXTENSION OF STAY
E. CONFIRMATION OF STAY

 

A)     TARGET GROUP

Students in the Bachelor or Master program @ BGU, BIU and IDC Herzliya are welcome to spend one Erasmus+ semester at LBS.

 

B)     APPLICATION PROCEDURE AND DEADLINES

We accept exchange students for the Fall and the Spring term. Please inquire about the deadlines for the application at your university.

You need to fill in a Learning Agreement BEFORE Mobility, a template can be downloaded from the section “Necessary Documents and Downloads” below.

 

C)      INSURANCE COVERAGE, FORMALITIES OF ENTRY AND RESIDENCE (VISA) AND ACCOMMODATION

An Erasmus+ mobility grant does not include insurance coverage. Students must make the necessary arrangements themselves well in advance before they leave for their stay in Vienna. A liability insurance and health insurance for European Countries, especially in case of repatriation and specific medical intervention will be requested before the departure to Lauder Business School  (contact the health insurance carrier; get information on possible co-insurance or insurance through credit card issuer; if needed: take out a health, travel and/or accident insurance policy).

In the section “Necessary Documents and Dowloads”, you find a Welcome Guide for your entry to Austria.

Nonetheless, you are advised to acquaint yourself with the necessary formalities in connection with your entry to and residence in Austria early on. You can find travel information on the Website of the Austrian Ministry of Foreign Affairs. If you need further information, please contact the foreign representation (embassy/consulate) of the relevant host country in Austria. Please note that special conditions of residence apply to third-country nationals and that in some cases, it may be necessary to obtain a visa for your stay in the host country.

 

D)     WITHDRAWAL/PREMATURE DISCONTINUATION/SHORTENED STAY/EXTENSION OF STAY

If you are have to withdraw from the ERASMUS+ program before going abroad or to discontinue your studies prematurely (once in Austria), please contact the International Office of the Lauder Business School immediately who will inform you about all further necessary steps.

An extension of your stay is not possible.

 

E)      CONFIRMATION OF STAY

Before your departure from Lauder Business School, it is necessary to get a Confirmation of Attendance (see section “Necessary Documents and Downloads”) signed and stamped by the Director fo Studies for the entire period of your ERASMUS+ stay. A blank form can be found on the Downloads page; you can also use a form of the home university.
ATTENTION: The Confirmation of Attendance can be signed earliest one week before the end of your stay (according to confirmation).

You will receive the 20% of your funding to your account only when you submit the Confirmation of Attendance to the Lauder Business School International Office.

Application Procedure & Deadlines

The application for an ERASMUS+ exchange at the Lauder Business School takes place at the International Office; the person in charge of processing the applications and nominating the selected students is the ERASMUS+ coordinator.

SUBMIT YOUR APPLICATION ACCORDING TO THE REGULATIONS AT YOUR UNIVERSITY WITHIN THE APPLICATION DEADLINES.

The International Office of your home university will help you in filling out the required documents. For applying at Lauder Business School you need to send a pre-filled Learning Agreement BEFORE Mobility to the LBS International Office (see section “Necessary Documents and Downloads”). The LBS International Office will also support you in getting access to the course contents (syllabi) and provide you with organizational information.

Please acquaint yourself with the regulations relating entry permission and residence (Visa) for your stay in Austria!

There is a dormitory on the LBS campus. If you would like to stay in a room in this dormitory during the time of your exchange, please refer to [email protected] for further assistance. In case there is no room available in the dormitory she will also assist you in finding another housing facility.

Financial Matters & Reporting Duties

The amount of the grant for the students from Israel to Austria comes to € 850.00 per month. You will receive 80% of the whole grant at the beginning of your ERASMUS+ stay. As soon as you are in Austria you will have to open a bank account at an Austrian Bank institute. You will need the bank account details for completing the grant agreement document, which will be issued by the LBS International Office. Once you signed the grant agreement document at the LBS International Office, 80% of the funding will be transferred to your Austrian bank account.

The rest of the amount (20%) will be paid after your ERASMUS+ stay when having finished following reporting duties:

  • Confirmation of recognition of the LBS courses at your home university (within 5 weeks after your departure from LBS)
  • Report of min. 500 words including 5 pictures of your stay at LBS in Vienna
  • Answering the EU-Survey (automatically sent by OeAD to your mailaddress, please check your mails and also your Spam folders!)

If your stay turns out to be shorter than originally planned, the corresponding amount will be deducted from your grant proportionally.

For keeping your home university up to date and for confirmation of the alignment with your home university’s expectations in regard of your exchange you will have to fill in a Learning Agreement DURING mobility (see section “Necessary Documents and Downloads”) in case there come up any changes compared to your firstly signed Learning Agreement BEFORE Mobility (e.g. change in the courses you’ve chosen). This Learning Agreement DURING Mobility has to be signed by you, the responsible contact person at your home university and the respective LBS director of studies in the middle of your stay at LBS before it is sent to the LBS International Office.

Before your return, the exchange student will have a final meeting with the Lauder Business School and the Director of Studies to discuss his impressions of the stay.

In cases where evidence of recognition cannot be supplied, or where it is insufficient, and the fault lies with the student, the mobility grant may be entirely or partially reclaimed.

Double funding is not permitted. If you receive another scholarship, stipend or funding from other programs, you are not eligible for Erasmus+.

Erasmus+ funds mobilities of 12 months in each study cicle (e.g. BA =12 months, MA=12 months, PhD=12 months). If you have already participated in an Erasmus+ Exchange (including Erasmus Mundus) please indicate that in the Learning Agreement BEFORE Mobility (see section “Necessary Documents and Downloads”).

Tuition fees
Under the ERASMUS+ program, host institutions (LBS in this case) are not entitled to charge tuition fees.
Please ask your Program Coordinator or International Office which rules apply at your universtiy.

Students with children or with special needs
ERASMUS+ students with children or with special needs can apply for additional financial aid to the regular ERASMUS+ grant. Please contact the International Office of your home university for further information.



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