Incoming Studies

Erasmus incoming students are students of one partner university who spend one Erasmus exchange semesters at the Lauder Business School .

The Erasmus+ Program is the action scheme of the European Union to support cooperation and mobility in education. The part of the program that concerns higher education institutions is called ERASMUS (European Action Scheme for the Mobility of University Students). Lauder Business School currently has bilateral agreements with 3 universities in Israel.

What does the ERASMUS program offer? Participating students benefit from a simplified enrolment process at the host university, they receive a mobility grant and are exempt from tuition fees (please inquire at your university). The courses that are completed at Lauder Business School can be transferred to your university (in accordance with the director of studies).

For further information about the Erasmus+ Program, you can find the official Programme Guide under “Erasmus+ Programme Guide”.

 

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!

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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