WU Vienna Merit-Based Scholarship
The WU Vienna Merit-Based Scholarship is a recurring semester-by-semester award for outstanding students enrolled at WU Vienna University of Economics and Business. Amounts range from €500 to €1,500 per semester depending on academic performance, with awards renewable as long as you maintain the required GPA threshold. Unlike entry-level scholarships, this one is open to enrolled students — Master's and PhD candidates apply once they have at least one full semester of WU transcripts. WU is consistently triple-accredited (AACSB, EQUIS, AMBA) and among Europe's top 30 business schools. Strong fit for Sri Lankan applicants who self-fund the first semester and then offset costs from semester 2 onward via this scheme.
WU Vienna University of Economics and Business
University-funded
emoji_events Award Overview
Per Semester
€500-€1,500
Renewable
Each Semester With Continued GPA
Annual Awards
~250 Across All WU Programmes
fact_check Eligibility Criteria
Active WU Vienna Enrolment
You must be currently enrolled at WU Vienna in a Bachelor's (after first semester), Master's, or PhD programme. New entry-year applicants are not eligible — apply from your second semester onward with at least one full WU transcript.
Open to All Nationalities
Available to Austrian, EU, and international students alike. Sri Lankan citizens enrolled at WU qualify automatically on the same terms as Austrian students.
Top-of-Class Academic Performance
Selection ranks applicants by GPA (Austrian 1-5 scale; 1 is best). Typically you need a 1.5 (Austrian average) or better — equivalent to a clear distinction profile. Sri Lankan first-class Bachelor's holders who maintain that level at WU present strongly.
Programme Language
English-taught Master's programmes (International Management, Finance, Marketing, Quantitative Finance) are eligible. German-taught programmes also eligible — requires C1 German for those, naturally.
account_tree Application Process
Wait until end of semester 1
Complete your first WU semester and obtain a full transcript showing GPA. You cannot apply for this scholarship as an incoming student — it rewards performance at WU specifically.
Apply each semester via the WU portal
Submit your application via the WU online scholarship portal during the application window each semester (typically October for winter semester results, March for summer semester results). Required: current transcript, CV, motivation letter.
GPA-based ranking
WU's Vice-Rector's office ranks all applicants strictly by GPA within each programme. Top performers receive the higher tier (€1,500); next tier receives €1,000; broader tier receives €500. Tier cut-offs vary by programme size.
Award + reapplication
Awards are paid as a lump sum each semester. Reapply each semester you wish to be considered — there is no automatic renewal. Combine with the OeAD Ernst Mach Grant or external awards as funding rules permit.
Why WU Vienna?
WU Vienna is among Europe's largest and most internationally connected business schools — triple-accredited (AACSB, EQUIS, AMBA), with 24,000+ students from 100+ countries. The modern Zaha Hadid-designed campus is consistently rated among the most beautiful in the world. Strong placement into Vienna's banking and consulting sector (Erste Group, Raiffeisen Bank International, Bain, Boston Consulting Group).
Triple
AACSB + EQUIS + AMBA
100+
Student Nationalities
#28 EU
FT Master in Management 2024
Similar Scholarships
Other curated opportunities for Sri Lankan students.
Ernst Mach Grant (OeAD)
OeAD (Austria's Agency for Education and Internationalisation)
University of Vienna uni:docs Fellowship
University of Vienna
AA School International Postgraduate Fellowship
Architectural Association School of Architecture